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100 Fold Challenge -> Interested? TEST yourself

  • #421
  • Feb 25, 2013 4:08am Feb 25, 2013 4:08am
Quoting al2cand
(1)Starting Equity: 1000$Cad (I was at about 1300$CAD at time of inscription)
(3)Broker Name: OANDA
(4)50:1
(5)Trade Explorer Link: http://www.forexfactory.com/al2cand

missing anything?

I am long AUDUSD, double bottom, strong rebound, aiming previous highs, looking also at the down trendline started july2011.
I am not sure you can see that or not but any other user including still can;t see your equity details. Its all locked by you
Owner can see all explorer details of his but others can't till you set permissions for the same. As you are logged in so you are not noticing that (try loggin out and then see your explorer about what i am saying)
Kindly go to your explorer >options > and set "Money and lots" to public. That is the only way and as required under Rule "N".
As soon as you do it, i would update the details.

Regarding AUDUSD, though its a nice pair to trade, i rarely trade it. I m not sure what TF you are trading . But looking at the D1 TF, my bias would be bearish till it takes out 1.0375 on upside. Feels like more lower-side potential, if case it breaks down previous swing lows of 1.0220's
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #422
  • Feb 25, 2013 4:40am Feb 25, 2013 4:40am
nice forexsaint, just happened to came across your thread and really interesting and remarkable results for the challenge, the very rare few with guts and transparency to do what u seek for. Keep it up .

Look likes almost nil or few are in the race after so long. since i saw the first post of so many DQ and withdrew lol. anyway, its a good thread.
  • #423
  • Feb 25, 2013 12:20pm Feb 25, 2013 12:20pm
Might be interested in giving this a shot for pure entertainment sake... The only thing holding me back would be the example it sets for n00bs since the premise of the challenge goes against my own thoughts on trading (I'm against over leveraging and think 0.50-1% risk per trade is ideal.. and of course, unless I want to work an account for 50+ years, I gotta break these to meet the challenge.)

That being said, a $50 account set aside for play like this is fine, and would be worth the entertainment factor alone. lol

Question: any restrictions on running EAs?

(I won't be giving away the trade signals of my main digs, which frankly hasn't been doing too well anyway so maybe making it public won't matter, but I've been playing with a few strategies lately that I found online and adjusted to be much better than their creators first achieved and I wouldn't mind showing their positions in a trade explorer for this challenge.)

Anyhoo, my time is stretched thin as it is, so if the rules state we can only trade manually I just can't justify the distraction for only a $50 account and won't violate my personal risk rules on one of my main accounts to fit the challenge.

Also, I entirely expect to fail, since such goals and the leverage required to meet them can kill even the best of traders. So I'll probably pad my posts on this thread with warnings and I hope that doesn't ruffle anyone's feathers.
FXGears.com
  • #424
  • Feb 25, 2013 8:55pm Feb 25, 2013 8:55pm
I find it interesting to be part of a challenge won by so few but tried by so many, It helps me keep additional focus. I am currently on a positive new trend after going down 50% this summer on my first live attempt (had put 1k$), and hopefully I can keep going this growth. I am definitely not here with the elusive goal to reach the 100fold challenge fast with my 1000$ account but rather climbing at a rate of about 2% per trade. In a perfect world, with one trade a day (I trade h1 in the morning and after work), that makes ln(FV/PV=100)=n*ln(1,02), n=232, so 1 year. Let's not project anywhere further for the moment

ForexSaint, I was long audusd but was trailed stop, it should indeed kill the 1.03640 before next long, unless spectacular momentum develops
. I am aiming a reenter in usdcad at the moment. buy limit could trigger tonight, it's going south.
  • #425
  • Feb 25, 2013 9:51pm Feb 25, 2013 9:51pm
I don't know yet if my attraction to this thread is a good or bad thing

I need discipline to stop breaking my rules and discipline to wait for the great setups.

I am distracted by discussions in other threads but I like interaction lol...

Just bought a new computer and transferring platform this week.

Interested in the challenge
Come with me if you want to live....
  • #426
  • Edited Feb 26, 2013 2:20am Feb 25, 2013 11:44pm | Edited Feb 26, 2013 2:20am
Quoting 5percent
nice forexsaint, just happened to came across your thread and really interesting and remarkable results for the challenge, the very rare few with guts and transparency to do what u seek for. Keep it up .
Look likes almost nil or few are in the race after so long. since i saw the first post of so many DQ and withdrew lol. anyway, its a good thread.
Well talking of transparency, that's is even not digested by most members at FF. We have had many hypocrite and/or jealous and/or dumb schmuck's posting their shit here in the form of "Special Teachings and sermons" & still peeing in their pants thinking of posting a explorer on FF/other well-known services, just to collaborate their "10kgs of PDF's" . Human nature u know.

Regarding withdrawing and disqualifications, yes, of course many join thinking that would be easy but later withdraw bcoz either they didn't read CLEARLY WRITTEN & so-EASY "Rules" carefully or find it difficult to persist. Disqualified feel ashamed to accept even these losses and fiddle with their explorer (removing or stopping updates)

Lately, now we again have some new members joining in. So this would keep it rolling. IMO anyone can do this sooner or later and find a entry to "Hall of Fame Trader List" but only if he/she has a a plan to implement.
I often hop in whenever i get time and when i anticipate some interesting move to trade

Quoting Jack_Larkin
Might be interested in giving this a shot for pure entertainment sake... The only thing holding me back would be the example it sets for n00bs since the premise of the challenge goes against my own thoughts on trading (I'm against over leveraging and think 0.50-1% risk per trade is ideal.. and of course, unless I want to work an account for 50+ years, I gotta break these to meet the challenge.)

That being said, a $50 account set aside for play like this is fine, and would be worth the entertainment factor alone. lol

Question: any restrictions...
Jack, you are free to use any EA/automated strategy. But make sure you read all the rule carefully before participating. There have been a couple of withdrawals (as you must have read before your post) with participant even not reading the same.
Regarding the example setting for noobs, they have been already advised the same in first post. All major aspects of this challenge are explained Clearly. Further i am sure this wont be the first thread they stumble to lose their small 50-200$ (or whatever they start with), in absence of any plan/strategy. They must have got their dose already.
You can participate with entertainment, seriousness, EA-testing, charity, whatever.
Your reason doesn't matter to anyone else's reason/cause of participation here.
Its your money at stake & your profits to take. What matters only is to make 100-Fold

If you feel by participating here with 50$ account traded by your EA, would itch you to violate personal risk rules in a conventional account, you better not participate or build more risk rule enforcement in your conventional trading.
Regards
Quoting al2cand
I find it interesting to be part of a challenge won by so few but tried by so many, It helps me keep additional focus. I am currently on a positive new trend after going down 50% this summer on my first live attempt (had put 1k$), and hopefully I can keep going this growth. I am definitely not here with the elusive goal to reach the 100fold challenge fast with my 1000$ account but rather climbing at a rate of about 2% per trade. In a perfect world, with one trade a day (I trade h1 in the morning and after work), that makes ln(FV/PV=100)=n*ln(1,02),...
Alright Al2Cand, I have updated your details in the first post and you are now tagged as "Allowed" to participate
Starting Equity: 1449.36 CAD (Current 1445.88+3.48(On EJ))
Target Equity: 144936 CAD
Broker: Oanda
Leverage: 50:1
Trade Explorer Link: http://www.forexfactory.com/al2cand/01
Kindly acknowledge that all is correct above by posting here again (you can PM for any issues)
Kindly read rule "R" and change the starting date in Trade explorer to today, if you really dont need previous results. Procedure for the same in mentioned in UPDATE of 24thmarch2012 in first post. I would also inquire the option of posting another explorer for same account for a starting date (from FF's support),

Regarding 100 fold, sure its not easy to achieve and as there is no time limit, you can surely follow all your 2% rule and other discipline. You are indeed doing good on the account.
Regarding AUDUSD, try posting some charts if you do charting(others may hop in too). I would also try to post some on Higher TF's, if i get time to (I dont trade it though)


P.S. have to be pedantic about rule related stuff as other participants/people would point fingers to integrity of the thread or claim partiality.
Quoting Ill-b-back
I don't know yet if my attraction to this thread is a good or bad thing
I need discipline to stop breaking my rules and discipline to wait for the great setups.
I am distracted by discussions in other threads but I like interaction lol...
Just bought a new computer and transferring platform this week.
Interested in the challenge
You are welcome to participate.
Read all the challenge rules and thread rules carefully in first post and if you are OK with everything, post the required details thereafter.
Regarding discipline thing, one of the things this thread can offer you is exposing your trading to whole public which may put pressure on you to follow your rules, as you may not risk losing in front of public and a very high equity target to achieve, and if achieved an entry to HOF'Trader List.
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #427
  • Feb 26, 2013 2:37am Feb 26, 2013 2:37am
Hello, just came across your thread. It is an interesting idea taking the free trade concept to the account level. I'll donate 50 bucks to what you got going on here. Good luck everyone.

1. $50.84 (Target $5100, 1st attempt)
2. Usd
3. Oanda
4. 50:1
5. http://www.forexfactory.com/ap3
  • #428
  • Feb 26, 2013 5:20am Feb 26, 2013 5:20am
Quoting Ap3
1. $50.84 (Target $5100, 1st attempt)
2. USD
3. Oanda
4. 50:1
5. http://www.forexfactory.com/ap3
Alright Ap3, looks like you have read all the rules carefully.
Your status has been updated to "Allowed" & your stats have been updated & you are on serial no. 30th
Quoting quasarcap
I have done 1000x on many occasions ..................
entering myself into the competition here shortly. Stay tuned.
Holy shit...really?
Any signal/coaching service?? you can earn billions doing that.
Anyway, sure do it again but enroll after signing in with the your ORIGINAL username.


@Participants
New Rule "U" added to filter out noise from increasing no. of Multiple username ID's/ New ID's/ Disgruntled lot/ Jealous Dumbs/ Chucklehead-variants... et al
First post updated. Kindly read the same.
As none of the current participants violate the rule, no one would be affected by the same.
This would help me save my time reporting such posts. Indirectly, this would also prevent from very noobs from participating, which can only be somewhat good for them.
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #429
  • Feb 26, 2013 5:23am Feb 26, 2013 5:23am
As this week is indeed an interesting one as far as opportunities/Volatility is concerned & as more members roll in here,

Going live with 32nd attempt.
Starting Equity: 100 USD
Target Equity: 10000 USD
Broker: Fxpro
Leverage: 500:1
Trade Explorer : http://www.forexfactory.com/forexsaint/27

Stats updated
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #430
  • Feb 26, 2013 8:47pm Feb 26, 2013 8:47pm
Quoting forexsaint
Alright Al2Cand, I have updated your details in the first post and you are now tagged as "Allowed" to participate
Starting Equity: 1449.36 CAD (Current 1445.88+3.48(On EJ))
Target Equity: 144936 CAD
Broker: Oanda
Leverage: 50:1
Trade Explorer Link: http://www.forexfactory.com/al2cand/01
Kindly acknowledge that all is correct above by posting here again (you can PM for any issues)
Kindly read rule "R" and change the starting date in Trade explorer to today, if you really dont need previous...
Ok thanks forexsaint for organizing this challenge, cool networking of open-minded and quite disciplined traders

Also in your title post you write Realized balance to reach 100fold, it would make more sense to me to account for unrealized ones too (i.e. a trader reaching 100fold but with a -50% open trade list is no good) Just my view.

Regarding the start date, you said it is possible to add an other explorer with 26-02-2013 start, I see no problem if I can keep one with my personal total progress.

I am aiming short positions on gbpU and audU, breaking previous lows. By chance my broker limits my margin quite fast so I can't enter more than 20000$ with my 1500$, otherwise I would go into big trouble (or profit), haha, still learning how to control my taste for profit. I am touching the 50% gain soon, My next target is 100%.
  • #431
  • Feb 27, 2013 12:03am Feb 27, 2013 12:03am
Quoting forexsaint
Jack, you are free to use any EA/automated strategy. But make sure you read all the rule carefully before participating. There have been a couple of withdrawals (as you must have read before your post) with participant even not reading the same.
Regarding the example setting for noobs, they have been already advised the same in first post. All major aspects of this challenge are explained Clearly. Further i am sure this wont be the first thread they stumble to lose their small 50-200$ (or whatever they start with), in absence of...
Read through the rules. They aren't restrictive in any way really.. just asking for traders to be transparent in their challenge attempt. Fine by me.

Again, for entertainment sake, I'm game.

So I created a new account at one of my brokers specifically for this challenge.

Quote
(1)Starting Equity (2)Account Currency,(3)Broker Name (4)Leverage (5)Trade Explorer Link

1. $50
2. USD
3. Pepperstone (Standard Account)
4. 400:1 (I usually restrict my accounts to 50:1 leverage, but for the challenge I'll leave it opened up.)
5. http://www.forexfactory.com/jack_larkin/13

To the onlookers, I'll reiterate my earlier warning:

 

  1. You won't see how I usually trade here, the risk required to meet this challenge is well beyond what I usually advocate. The use of higher leverage and risk goes hand in hand with accepting that this $50 is already lost, and chalked up as an entertainment expense.
  2. You will not see my self developed EAs here, since I'm still keeping their trade history private, but you will see some strategies I found online and modified to achieve acceptable results (nothing commercial, just public code that others failed to make work and I messed with it a bit til it did.) And since the origin of said EAs is in the public space, I don't mind the trade history being public as well.
  3. I do not expect this challenge to prove anything when it comes to a trader's ability. I DO expect to fail, as even the best traders will bust out with enough leverage and a series of bad trades, so do not let this stand as any record of one's ability. (And in the same respect, I won't judge others for failing this challenge either.)



Lastly, if the account ever lives to see triple digits, I'll be taking out the $50 I put in and spending it on a nice steak dinner. If it crashes and burns I'll still be having a nice steak dinner... I mean, common, could you say no to a nice rare steak? Steak dammit!

FXGears.com
  • #432
  • Mar 3, 2013 12:42pm Mar 3, 2013 12:42pm
Quoting al2cand
Also in your title post you write Realized balance to reach 100fold, it would make more sense to me to account for unrealized ones too (i.e. a trader reaching 100fold but with a -50% open trade list is no good) Just my view.
Well rules are there for some purpose. REALIZED balance is the only appropriate option. If any related queries, PM me.
Quoting al2cand
Regarding the start date, you said it is possible to add an other explorer with 26-02-2013 start, I see no problem if I can keep one with my personal total progress.
I said i will inquire from FF's T.Explorer support. As per them, they will look into it (but as of now there is no such feature of posting 2 explorers for same account)
So kindly change to custom date. If you need to see your all time data, you can always change that in explorer options anytime you want to.
If you want others to see all time data most of the time, make sure you have custom date option selected during the weekends. I update 1st post stats every weekend (mostly). Thats the only option for you.
Quoting al2cand
I am aiming short positions on gbpU and audU, breaking previous lows. By chance my broker limits my margin quite fast so I can't enter more than 20000$ with my 1500$, otherwise I would go into big trouble (or profit), haha, still learning how to control my taste for profit. I am touching the 50% gain soon, My next target is 100%.
yes trades are looking good and as is the equity. Good luck and trade well.
Quoting Jack_Larkin
Read through the rules. They aren't restrictive in any way really.. just asking for traders to be transparent in their challenge attempt. Fine by me.
So I created a new account at one of my brokers specifically for this challenge.
1. $50
2. USD
3. Pepperstone (Standard Account)
4. 400:1 (I usually restrict my accounts to 50:1 leverage, but for the challenge I'll leave it opened up.)
5. http://www.forexfactory.com/jack_larkin/13
Alright Jack. I have updated your stats in 1st post.
Looks like you are already up 13.3%. Nice trades. 9986.7% to go
Good luck(with trading & the steak )
Quoting Jack_Larkin
*sound of crickets*
Not sure about what was that !
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #433
  • Mar 3, 2013 12:51pm Mar 3, 2013 12:51pm
Quoting forexsaint
Alright Jack. I have updated your stats in 1st post.
Looks like you are already up 13.3%. Nice trades.



Quoting forexsaint
9986.7% to go



lol.. :S
FXGears.com
  • #434
  • Mar 3, 2013 12:59pm Mar 3, 2013 12:59pm
May I make one suggestion: The first post has a long list of participants, but most of which have violations or reasons for backing out. Why not break it up into two lists: The first one for 'active' participants, and second for 'past' participants.

That would make it easier for people to see who's still trying, and who stopped. I mean, your list only stands to grow in number so it's only going to get more cumbersome to read as time goes on if you don't organize it differently.

Plus, it also means anyone who's still trying isn't grouped next to other people with a big red "Violation" stamp next to their name.
FXGears.com
  • #435
  • Mar 4, 2013 7:38pm Mar 4, 2013 7:38pm
My best return trade: +10.2%
http://www.forexfactory.com/al2cand#...+trade42476091

My worst return trade: -5.4%
http://www.forexfactory.com/al2cand#...+trade43033583

forexsaint: didn't realized you wrote 'realized' sorry about that
  • #436
  • Edited 11:46am Mar 10, 2013 11:20am | Edited 11:46am
Quoting Jack_Larkin


lol.. :S

Quoting Jack_Larkin
May I make one suggestion: The first post has a long list of participants, but most of which have violations or reasons for backing out. Why not break it up into two lists: The first one for 'active' participants, and second for 'past' participants.
...
Plus, it also means anyone who's still trying isn't grouped next to other people with a big red "Violation" stamp next to their name.
Well that clearly is extra work for me. Moving people from one list to another. Given the fact that till now, there is only negligible %age participation, out of the FF's BIG Users (even out of Trade explorer users), i dont see a very long list soon.
I can think about that may be after the list increases to >50 or 100 participants. Thanks for the input though
Quoting al2cand
My best return trade: +10.2%
forexsaint: didn't realized you wrote 'realized' sorry about that
Nothing to be sorry. BTW do read your PM and reply there as i still don't see any custom date on your explorer.

@Participants
- All week end updates have been done.
- Last week was a very good one for VOLATILITY(& prolly OPPORTUNITY)-lovers. EURUSD's slingshots, USDCAD spikes, USDJPY's multi-year highs, etc
- USDX as well as Shinzo Abe's JPY-related Volatility was galore(& will prolly continue IMO), to make/lose big amounts of money. Personally enjoyed it
- Would love to post some higher TF charts for few of the pairs including EURUSD, EURGBP.
Lets c if time permits out of trading (last few wks have been really opportunity-rich). I am personally planning another "different" challenge for myself & that would eat up some time too.

Lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #437
  • Edited Mar 11, 2013 8:55am Mar 10, 2013 4:16pm | Edited Mar 11, 2013 8:55am
I would like to enter this challenge.

(1)Starting Equity: $271 (2)Account Currency: USD,(3)Broker Name: FXCM (4)Leverage: 50:1 (5)Trade Explorer Link: www.forexfactory.com/shadodwel/93

myfxbook link is: https://www.myfxbook.com/portfolio/shadodwel/508652
  • #438
  • Mar 11, 2013 2:49am Mar 11, 2013 2:49am
Quoting shadodwel
I would like to enter this challenge.

(1)Starting Equity: $271 (2)Account Currency: USD,(3)Broker Name: FXCM (4)Leverage: 50:1 (5)Trade Explorer Link: Trade Explorer is in my profile, myfxbook link is: https://www.myfxbook.com/portfolio/shadodwel/508652
You are welcome to the
Your trade explorer link is www.forexfactory.com/shadodwel/93 (edit your post there and add this link to it; Myfxbook is not "PREFERRED" as of now)
But your equity details are not public . SO no one can see that.
Kindly go to your explorer >options > and set "Money and lots" to public. That is the only way and as required under Rule "N".
As soon as you do it, i would update the details in first post. Till then your status will remain "pending"
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #439
  • Mar 11, 2013 6:44am Mar 11, 2013 6:44am
I changed the money and lots to public. Let me know if there is anything else I need to do. Thanks!

Quoting forexsaint
You are welcome to the
Your trade explorer link is www.forexfactory.com/shadodwel/93 (edit your post there and add this link to it; Myfxbook is not "PREFERRED" as of now)
But your equity details are not public . SO no one can see that.
Kindly go to your explorer >options > and set "Money and lots" to public. That is the only way and as required under Rule "N".
As soon as you do it, i would update the details in first post. Till then your status will remain "pending"
  • #440
  • Mar 12, 2013 11:47pm Mar 12, 2013 11:47pm
Quoting shadodwel
I changed the money and lots to public. Let me know if there is anything else I need to do. Thanks!
Alright Shadodwel, Your stats have been update & you are live already
Trade well

@Participants
Let me trying some different/interesting this time. How about <30 $ to 3000$ ..lol

Lets try. Next attempt
Starting Equity: 29.93 USD
Target Equity: 2993 USD
Broker: Fxpro
Leverage: 500:1
Trade Explorer : www.forexfactory.com/forexsaint/35
Stats updated

Here is a twist i thought of....
If this attempt goes past 100 USD equity, which is kinda just 3-4 times the current equity(just needs 1-5 sure shot trades)...
it would also become part of > $100 to $0.1 Million attempt thread < i started in Trading Journals section.
Lets c how these GIANT plans with TINY equity pan out (prolly end as soon as the end of the day )
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
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