Is a return of 4500% possible? Alpari contest.. (Brainstorming) | Forex Factory

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Is a return of 4500% possible? Alpari contest.. (Brainstorming)

  • #1
  • First Post: Aug 1, 2011 11:37pm Aug 1, 2011 11:37pm
I've been following the competition Alpari.
And the winners received a return of 4500%.
How can this be?
What techniques do you think they used? Is this possible?
  • #2
  • Aug 2, 2011 2:18am Aug 2, 2011 2:18am
Quoting jdcabona
I've been following the competition Alpari.
And the winners received a return of 4500%.
How can this be?
What techniques do you think they used? Is this possible?
Why not? Extremely aggressive position sizing with a good bit of luck.
  • #3
  • Aug 2, 2011 3:08am Aug 2, 2011 3:08am
Quoting jdcabona
I've been following the competition Alpari.
And the winners received a return of 4500%.
How can this be?
What techniques do you think they used? Is this possible?
Yes possible however look at the monthly winners of these contests and then look for their names the next month. I am not overly familiar with the contest layout but it would be very very unlikely that they would back up these results month after month. Now 4500% is great and you could just about take it to the bank and trade normally depending on the starting amount but the fact is that the vast majority who do these things it becomes a 1 off affair with subsequent months resulting in busted accounts.

As far as techniques, large leverage, large sizes and alot of hoping that the market moves in their favour before taking them out.

RT
  • #4
  • Aug 3, 2011 2:19pm Aug 3, 2011 2:19pm
The best advice I can give you is:

Focus on risk, not return

Of course return plays a role, but I think you should shift your focus
  • #5
  • Aug 4, 2011 5:37am Aug 4, 2011 5:37am
This is why I find all these trade competitions to be a waste of time. The yearly EA competions that MetaTrader runs, and the individual contests the different brokers run are usually won by someone using an EXTREMELY aggressive luck based betting strategy.

Then of course they "refuse" to sell their system or explain it

So yeah, a person "can" get an amazing return by martingaling and betting like a madman on a demo account... But lets see that same person perform with their own money on a live account.
  • #6
  • Aug 4, 2011 6:43pm Aug 4, 2011 6:43pm
Of course it is possible..... while playing lotto you can achieve even higher returns in a day!!! But think about chances to do that, and you will realize the odds are not in your favour neither in lotto or in getting 4500% from forex.
  • #7
  • Aug 5, 2011 8:47pm Aug 5, 2011 8:47pm
I am looking down the barrel of a 3000% plus gain this month. Does that mean I will realise this gain? Maybe, maybe not!

When I open a trade I really have no idea how far the trade will go if, in fact, it goes in the right direction in the first place. All I know is that when my signals say BUY, I buy, and when they say SELL, I sell. If my stop is hit, I'm out. I let my profitable trades run, and cut my losing trades short.

The 3000% plus return I am looking at is abitrary, and I have no control over it whatsoever. So I must conclude (and agree) with frankkn and advise that you focus on controlling risk, and let returns take care of themself.
  • #8
  • Aug 8, 2011 12:27am Aug 8, 2011 12:27am
Quoting sharpforex
I am looking down the barrel of a 3000% plus gain this month. Does that mean I will realise this gain? Maybe, maybe not!

When I open a trade I really have no idea how far the trade will go if, in fact, it goes in the right direction in the first place. All I know is that when my signals say BUY, I buy, and when they say SELL, I sell. If my stop is hit, I'm out. I let my profitable trades run, and cut my losing trades short.

The 3000% plus return I am looking at is abitrary, and I have no control over it whatsoever. So I must conclude (and agree)...

This would be 1 of those months were rediculous gains could be made if you employee a high risk start point (large position size based on a factor of tight SL and larger capital exposure). Considering some markets have fallen or gain 800 pips, being at the top or bottom of just 1 with a tight 10 pip SL your already looking at 80:1 returns on investment. Depending on the amount risked you could be up 1000% on just 1 trade. Too much for me to stomache with the behavior of these markets but definatly high order gains possible. The next question will be, is it possible to carry the same approach to next month.
  • #9
  • Aug 8, 2011 1:27am Aug 8, 2011 1:27am
Quoting Razor_trader
This would be 1 of those months were rediculous gains could be made if you employee a high risk start point (large position size based on a factor of tight SL and larger capital exposure). Considering some markets have fallen or gain 800 pips, being at the top or bottom of just 1 with a tight 10 pip SL your already looking at 80:1 returns on investment. Depending on the amount risked you could be up 1000% on just 1 trade. Too much for me to stomache with the behavior of these markets but definatly high order gains possible. The next question will...
As I said, I just buy and sell according to my signals, and let my stop take care of the rest. Agreed, 1:400 leverage has potential to take high risk, but my main use of high leverage is to enable trading across many pairs rather than hiking up lots per trade. Next month? Who knows! As long as it is positive and reasonable given risk, and losing trades are contained at 2% of capital, that will be fine by me.
  • #10
  • Aug 8, 2011 6:10am Aug 8, 2011 6:10am
Quoting enivid
Why not? Extremely aggressive position sizing with a good bit of luck.
Good bit of luck is the main ingredient. 4500% it something you can do once. This would be hard to do again.
  • #11
  • Last Post: Aug 9, 2011 3:52am Aug 9, 2011 3:52am
Quoting josef
Good bit of luck is the main ingredient. 4500% it something you can do once. This would be hard to do again.
Why? With another good bit of luck ...
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