turning 10K to 4M in a week!! | Forex Factory

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turning 10K to 4M in a week!!

  • #1
  • First Post: Jun 11, 2010 7:33am Jun 11, 2010 7:33am
Hello traders,

A guy from Romania turn 10000 (10K) into 4248116.67 (4.25M) in a week at WTC contest

can we know how he did it??

I did search about the guy name in google (micutzu forex) and found out this:

--------------------
Link

micutzu
Recruit
Posts: 1
Join Date: Oct 2009



Forex Mega Droid - 10-02-2009, 08:25 AM

4 all of you : i`ve found a wat that makes Megadroid take trades all day long!!! Testing Now!!

--------------------
one post of the guy at 2 - oct - 2009
his post tell he sound professional and found a great thing about the EA
it was his only one post like he got his enough of knowledge and no need to share or to ask any one about any thing!
--------------------

Mega droid is scalping EA and what I read about this EA it work once daily ( one position with target of 15 up to 20 pips.

I hope of EAs experts to help us to find the secret behind this story, if we know how this EA work basically then all of us together try to find what micutzu found.
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  • #2
  • Jun 11, 2010 7:38am Jun 11, 2010 7:38am
Easy to do with demo (virtual) money. I've seen this a lot. I just wonder where all those "demo millionairs" are in the real world.
  • #3
  • Jun 11, 2010 7:55am Jun 11, 2010 7:55am
Quoting Xaron
Easy to do with demo (virtual) money. I've seen this a lot. I just wonder where all those "demo millionairs" are in the real world.
yes its easy to double triple quadruple or even quintuple account in a week but not to 40 times and in one week,
once i did turn account on demo from 3k to 70k in one week with full capacity trades with max leverage, but this guy method need to search behind, he is also winer for other contests at same company.
  • #4
  • Jun 11, 2010 8:04am Jun 11, 2010 8:04am
Scammers:

http://www.forexpeacearmy.com/forex-...cam-alert.html

regards
daytrading
Enter Signature
  • #5
  • Jun 11, 2010 8:13am Jun 11, 2010 8:13am
Quoting maanawi
yes its easy to double triple quadruple or even quintuple account in a week but not to 40 times and in one week,
once i did turn account on demo from 3k to 70k in one week with full capacity trades with max leverage, but this guy method need to search behind, he is also winer for other contests at same company.
I know live account statments that turned 200 USD into 52k in one day.
Mathematically everything is possible I don't know why so many noobies keep flooding the rookies forum with "Is it possible to..." Threads.
  • #6
  • Jun 11, 2010 8:26am Jun 11, 2010 8:26am
Quoting TJPLD
I know live account statments that turned 200 USD into 52k in one day.
Mathematically everything is possible I don't know why so many noobies keep flooding the rookies forum with "Is it possible to..." Threads.
well, its possible but how?!, my thread is to discover how, not to believe or not or to wonder the traders here.

do you know how that trader turn 200$ to 50k ? the case at this thread seem we got something to discover and search about not only a story we hear like always and have nothing to do with..
  • #7
  • Jun 11, 2010 8:34am Jun 11, 2010 8:34am
I know how it was made. Max leverage. Max risk. You only have to be right a few times to quadraple your account a few times over.

You also could lose a a few quardraples in a short time.

But srsly speaking. The psychology of real money and fake money is totally different. WOrlds apart. I would like to see these people do it with real money.
  • #8
  • Jun 11, 2010 8:37am Jun 11, 2010 8:37am
it may be just a bait. You see how much money this guy made and you think "what I nice broker is this, lets give it a try"

or it may be something even cheaper. They didn't want to give the reward of the contest to anybody. so they invented a guy who won the contest.

this world is a lie and nothing more.
  • #9
  • Jun 11, 2010 8:43am Jun 11, 2010 8:43am
Quoting thelws
I know how it was made. Max leverage. Max risk. You only have to be right a few times to quadraple your account a few times over.

You also could lose a a few quardraples in a short time.

But srsly speaking. The psychology of real money and fake money is totally different. WOrlds apart. I would like to see these people do it with real money.
wining ratio is high, trades is around one daily.
will put the leverage a side now
how does it work and how he make it to work all the day?!
I'm going to get some educate about this EA
  • #10
  • Jun 11, 2010 8:45am Jun 11, 2010 8:45am
Quoting thelws
I know how it was made. Max leverage. Max risk. You only have to be right a few times to quadraple your account a few times over.

You also could lose a a few quardraples in a short time.

But srsly speaking. The psychology of real money and fake money is totally different. WOrlds apart. I would like to see these people do it with real money.
If you look at a lot of these contests, one week a trader makes silly gains, next week they make silly losses. You will rarely see the same trader making those gains week in week out. It just isn't going to happen.

I have had good runs of winning trades, if I took high risk on them all I would have faced massive gains, but only to find the next trade I lost almost all of those gains and some.
  • #11
  • Jun 11, 2010 8:46am Jun 11, 2010 8:46am
Quoting daytrading
"Scammers":

http://www.forexpeacearmy.com/forex-...cam-alert.html

regards
daytrading
who UWC?

or Forex Peace Army?

i think both of em. lol
.
  • #12
  • Jun 11, 2010 8:52am Jun 11, 2010 8:52am
Quoting ToxicChili
If you look at a lot of these contests, one week a trader makes silly gains, next week they make silly losses. You will rarely see the same trader making those gains week in week out. It just isn't going to happen.

I have had good runs of winning trades, if I took high risk on them all I would have faced massive gains, but only to find the next trade I lost almost all of those gains and some.
Exactly.

I made it to 150,000 in some 14-15 days , and then there was this one setup at EuGbp that i thought would never fail.

and it failed.

in the end the guy who came first had around 146,000 in his account.
.
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  • #13
  • Jun 12, 2010 8:39am Jun 12, 2010 8:39am
There are plenty of EAs that deliver spectacular results for several months, and then lose the money just as spectacularly. As the saying goes "making money in FX is easy, keeping it is not". With high leverage and some luck, virtually anything is possible........ for a while. LOL.

Leverage and compounding are not only a double edged sword, but they can inflate trading results massively.

A historical test over a minimum of 5 years, and several hundred trades, counting raw pips only, would be a reasonable starting point for any kind of serious evaluation, IMO.

Vendors use competitions to showcase their EAs. If it fails one year, they simply rename and repackage it, and try again - hoping for better luck - the following year. Get lucky and they might sell several hundred copies. The market for EAs and systems is huge. I recall reading how a vendor said he made sales of $11 million in 3 weeks from an aggressive promotional campaign. Was the system long term profitable? Do you think he really cared?

Ask yourself the question: why don't major funds - who spend millions every year employing the best market analysts, traders and programmers - quote these kinds of results, assuming that they're possible? Answer: even apart from the regulations under which they must operate, they want to be taken seriously, and they know that these kinds of returns are completely unrealistic and unsustainable.
  • #14
  • Jun 13, 2010 9:08am Jun 13, 2010 9:08am
I can’t believe there are people aspiring to be traders who believe this crap. There’s your first hint that you might lack the mental acumen to succeed as a trader. You will not turn 10k into 4 mil. in a week trading retail forex. Period.

It makes no difference at all whether it’s mathematically possible or not. None of these MetaTrader shops will allow you trade sizes required to make it happen and let you get away with it. Not to mention any shop based in Cyprus or Russia. Definitely not WTC, UWC or whatever the latest bullshitter is called.
  • #15
  • Jun 16, 2010 6:41am Jun 16, 2010 6:41am
hello maanawi
check ur email and get back to me..


Quoting maanawi
wining ratio is high, trades is around one daily.
will put the leverage a side now
how does it work and how he make it to work all the day?!
I'm going to get some educate about this EA
  • #16
  • Jul 2, 2010 2:14am Jul 2, 2010 2:14am
Quoting TJPLD
I know live account statments that turned 200 USD into 52k in one day.
Mathematically everything is possible I don't know why so many noobies keep flooding the rookies forum with "Is it possible to..." Threads.
10 trades, max leverage , each trade 50 pips, trade on different pairs and he is done at the day, no any more wonder
  • #17
  • Jul 2, 2010 2:31am Jul 2, 2010 2:31am
Quoting Robinson
I can’t believe there are people aspiring to be traders who believe this crap. There’s your first hint that you might lack the mental acumen to succeed as a trader. You will not turn 10k into 4 mil. in a week trading retail forex. Period.

It makes no difference at all whether it’s mathematically possible or not. None of these MetaTrader shops will allow you trade sizes required to make it happen and let you get away with it. Not to mention any shop based in Cyprus or Russia. Definitely not WTC, UWC or whatever the latest bullshitter is called.
think the other way about the brokers, they may follow this trader tradess how ever its to make profits as he do!
  • #18
  • Last Post: Jul 2, 2010 11:43pm Jul 2, 2010 11:43pm
there is a way to make huge returns every day that does not require high leverage or high risk; you can consistently get high returns with low risk.

you need to use the 5- and 15-min time frames (1-min is too small), have a very high win/loss ratio, and bank profits fast.

the smaller time frames have more surface area (as i term it). consistently catching the swing highs and lows of a smaller time frame with your high win/loss method gives many more pips than catching swing high/lows of larger time frames. but only trade currency pairs that have low spread to volatility ratio.

when trading the smaller time frames your loss amounts and risk are small. trading real money is no different from a demo if your risk is minimal.

when your losses are small and you have a high w/l ratio, you can use more leverage than with other methods.

but you should not use much more leverage. instead use the same leverage but with larger stop loss distances. this will help avoid stop losses and will increase your win/loss ratio.

turning 10K into 4M sounds like max leverage and luck on a demo - not consistently doable. in a real dollar mt4 broker account they will not let you turn 10K into 11K.
realize the universe is one thing, and attach it to your body
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