Forex Short Term Reality- High Reward | Forex Factory

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Forex Short Term Reality- High Reward

  • #1
  • First Post: Edited Jun 22, 2011 7:54pm May 13, 2011 12:12pm | Edited Jun 22, 2011 7:54pm
I WAS ASKED TO REMOVE THIS PERSONAL THEORY DUE TO HIGH RISK, it is not safe for people who are new to forex, and don't know what they are doing
  • #2
  • May 13, 2011 12:15pm May 13, 2011 12:15pm
Statement
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  • #3
  • May 13, 2011 1:27pm May 13, 2011 1:27pm
You've taken 19 trades.

/End thread
  • #4
  • May 13, 2011 1:32pm May 13, 2011 1:32pm
Quoting Trankuility
You've taken 19 trades.

/End thread
sure, this is why the system has 99% accuracy. If I were to risk whole account over 1 trade than it is a 50% chance win/lose ratio. this is based on 100%-200% return a month on investment. think of my gambling example as monthly returns.
  • #5
  • May 16, 2011 12:30pm May 16, 2011 12:30pm
Total trades so far 21,
lots will increase again at 20k,
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  • #6
  • May 16, 2011 1:04pm May 16, 2011 1:04pm
hi robot,i do enjoy these type of challenges,it makes a little exitment in a boring field, my scalping method started with high risk in the beginning, i think i started with 500 pounds,with such a low start up capital ,i always trade high risk to start,then bring my risk more in tune with my account balance,this has served me well in the past good luck
  • #7
  • May 16, 2011 7:05pm May 16, 2011 7:05pm
Quoting diceman555
hi robot,i do enjoy these type of challenges,it makes a little exitment in a boring field, my scalping method started with high risk in the beginning, i think i started with 500 pounds,with such a low start up capital ,i always trade high risk to start,then bring my risk more in tune with my account balance,this has served me well in the past good luck
Well this is a risky way but with high reward and is one way to make a living off forex.
  • #8
  • May 17, 2011 1:21pm May 17, 2011 1:21pm
Cent account, $5 no-deposit bonus. Age 10 days. Lot of fun, lol !! Started as pure gamble, switched to risk control after tripling the acc.
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:-anything
  • #9
  • Edited 1:43pm May 17, 2011 1:31pm | Edited 1:43pm
Interesting. you've got my attention. very interesting concept but still need to find a system that wins 99% of the time.

But I was expecting to see increasing lot sizes to double your account quicker than you have.
  • #10
  • May 18, 2011 12:32am May 18, 2011 12:32am
Quoting tritom
Cent account, $5 no-deposit bonus. Age 10 days. Lot of fun, lol !! Started as pure gamble, switched to risk control after tripling the acc.
Very nice, did you say you started with $5?
  • #11
  • Edited 7:43am May 18, 2011 7:26am | Edited 7:43am
Quoting Robot
Very nice, did you say you started with $5?
Yep. $5 no-deposit bonus (roboforex) =500 cents but the cent accounts show $ instead of ¢. Done for today, all trades closed, account balance $33.8073 (3380.73 cents).
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:-anything
  • #12
  • May 18, 2011 10:33am May 18, 2011 10:33am
Quoting tritom
Yep. $5 no-deposit bonus (roboforex) =500 cents but the cent accounts show $ instead of ¢. Done for today, all trades closed, account balance $33.8073 (3380.73 cents).
oh okay nice, i thought it was $3,380. your still doing good. I knew a guy who would try with $100,
once he turned $100 in to $8,000
  • #13
  • May 18, 2011 11:16am May 18, 2011 11:16am
the problem is to find out a 99% profitable system
  • #14
  • May 18, 2011 12:03pm May 18, 2011 12:03pm
100% has been reached, Now lot sizes will be $40/pip 4 standard lots.
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  • #15
  • May 18, 2011 12:52pm May 18, 2011 12:52pm
Quoting Robot
100% has been reached, Now lot sizes will be $40/pip 4 standard lots.
For live update go to my profile
http://www.forexfactory.com/robot
  • #16
  • May 18, 2011 12:59pm May 18, 2011 12:59pm
Plan is to turn $20k to $60k that is with a $10,000 deposit,
and then will start again with $20k deposit imagining taking all profits out and leaving $20k
  • #17
  • Edited 3:43pm May 18, 2011 3:32pm | Edited 3:43pm
Quoting Robot
100% has been reached, Now lot sizes will be $40/pip 4 standard lots.
Congrats Robot! Keep up the good work. Wish you the best

My idea for such high-risk approach is to move forward in stages of triple (1K example):

 

  1. deposit 1K -> trade it up to 3K
  2. withdraw 1K, don't touch it (treat it as a buffer)
  3. 2K left in account -> trade it up to 6K
  4. withdraw 2K, this is your buffer now, previous 1K is free to use
  5. 4K left in account -> trade it up to 12K
  6. withdraw 4K, this is your buffer now, previous 2K is free to use
  7. 8K left in account -> ......

...and so on. The idea behind the buffer is to be able to withstand one complete account blowout. You keep the deposit of previous completed stage until you move up to next one, if you fail, you just lose one stage, can employ less risky approach to recover albeit it takes much more time, etc, etc.

:-anything
  • #18
  • May 18, 2011 4:48pm May 18, 2011 4:48pm
Quoting tritom
Congrats Robot! Keep up the good work. Wish you the best ...
That is almost how my plan is as well.
  • #19
  • May 18, 2011 10:05pm May 18, 2011 10:05pm
robot could share what trading system are you using ?
  • #20
  • May 18, 2011 10:25pm May 18, 2011 10:25pm
Quoting rlpaludo
robot could share what trading system are you using ?
sure. 2 words, price action.
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