Goal: Double account balance every month?! | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

double the account every day... 60 replies

Double the account every month 11 replies

Progressive lots sizing based on account balance and tracking balance 3 replies

what should my goal be with a $100 account 30 replies

Double my account each month 9 replies

Attachments: Goal: Double account balance every month?!
Exit Attachments

Goal: Double account balance every month?!

  • #21
  • Jun 20, 2006 5:43am Jun 20, 2006 5:43am
EUR/USD
Long @ 1.2587
Results:

-37 pips @ 10000 units
-37 pips @ 4000 units

New balance: $624.56
Total P/L: +$74.56

I managed to turn a -18 pip loss into -37 pips by not following the rules of my own system. A very costly mistake indeed.

follow the rules follow the rules follow the rules
Attached Image
  • #22
  • Edited 8:02am Jun 20, 2006 7:25am | Edited 8:02am
EUR/USD
Short @ 1.2561
Results:

+14 pips @ 10000 units
+7 pips @ 4000 units

New balance: $641.36
Total P/L: +$91.36
Attached Image
  • #23
  • Jun 20, 2006 7:21pm Jun 20, 2006 7:21pm
EUR/CHF
Short @ 1.5589
Results:

+10 pips @ 10000 units
+0 pips @ 4000 units

New balance: $649.46
Total P/L: +$99.46
Attached Image
  • #24
  • Jun 20, 2006 7:57pm Jun 20, 2006 7:57pm
Quoting fxm996
EUR/CHF
Short @ 1.5589
Results:

+10 pips @ 10000 units
+0 pips @ 4000 units

New balance: $649.46
Total P/L: +$99.46



Looks like ur using the cross 0ver at about 20 pips before entering. is that correct.. what ma's ru using......................Kevin
  • #25
  • Jun 20, 2006 9:11pm Jun 20, 2006 9:11pm
Quoting alsup1955
Looks like ur using the cross 0ver at about 20 pips before entering. is that correct.. what ma's ru using......................Kevin
I dont use MA crosses for entering trades. I use the price and one leading indicator.
  • #26
  • Edited Jun 22, 2006 12:44am Jun 20, 2006 9:13pm | Edited Jun 22, 2006 12:44am
EUR/USD
Long @ 1.2605
Results:

+7 pips @ 10000 units
+58 pips @ 4000 units

New balance: $679.66
Total P/L: +$129.66
Attached Image
  • #27
  • Jun 21, 2006 7:25am Jun 21, 2006 7:25am
Big thanks to Oanda for being down for hours last night/this morning - missed a eur/chf trade because of it, luckily my open eur/usd position didn't need any adjustments. Ah well, things happen.. can't catch every move. Atleast I got the trade into my other account.
  • #28
  • Jun 21, 2006 7:35am Jun 21, 2006 7:35am
Quoting fxm996
Big thanks to Oanda for being down for hours last night/this morning - missed a eur/chf trade because of it, luckily my open eur/usd position didn't need any adjustments. Ah well, things happen.. can't catch every move. Atleast I got the trade into my other account.
You'll be fine. Keep up the great work - I love this thread due to it's universal motivation to all traders! Oh, the "BIG O" - Soooo overated imho by the way.

k
  • #29
  • Edited Jun 22, 2006 12:46am Jun 21, 2006 6:05pm | Edited Jun 22, 2006 12:46am
Quoting ktrade
You'll be fine. Keep up the great work - I love this thread due to it's universal motivation to all traders! Oh, the "BIG O" - Soooo overated imho by the way.

k
Thanks for the good words. I think you might be right about Oanda, but up until now I haven't really had any other major problems with them other than a few disconnects here and there, and this inconvenience wasn't enough for me to close my accounts with them and move somewhere else. I'm sure they would close an order for me by phone if it came down to that.
  • #30
  • Edited 8:44am Jun 22, 2006 5:22am | Edited 8:44am
EUR/USD
Short @ 1.2636
Results:

+14 pips @ 10000 units
+65 pips @ 4000 units

New balance: $719.66
Total P/L: +$169.66
Attached Image
  • #31
  • Edited 11:04am Jun 22, 2006 10:57am | Edited 11:04am
Can you share your system?
  • #32
  • Jun 22, 2006 11:48am Jun 22, 2006 11:48am
This is a great thread. I hope you can do it.
  • #33
  • Jun 22, 2006 11:52am Jun 22, 2006 11:52am
it can be done....but somewhat risky
CRAIGSLIST BARTERING CHAMPION
  • #34
  • Jun 22, 2006 12:00pm Jun 22, 2006 12:00pm
Quoting fxm996
I'm not entirely sure what you're trying to say here.. but I *think* you're saying it can't be done. Yes, consistency is the name of game.. ofcourse it is, I think most people can see that. This journal is a test of something I've been playing around with for a while now... a system that can turn a $500 mini-account into $10,000, perhaps even more, in a fairly short amount of time without putting it all on the line for one or two moves. It's been done before and I'm sure there isn't one and only one way of doing it. If this system fails, its no big deal.. it wont stop me from trying again. I don't need this to work to pay bills, I have other accounts for that. So, what's the worst that can happen? I lose $550, learn from the mistakes and improve my trading all around. What's the best that can happen? ....

As long as the markets keep moving, I'll keep looking for ways to move with them.
Don't worry...it can be done.
  • #35
  • Jun 22, 2006 1:05pm Jun 22, 2006 1:05pm
Quoting serhiy
Can you share your system?
Eventually I will start to explain the trades with a bit more detail as to why I'm entering. Right now I want to make sure the account grows as planned and my system is staying on the right side of the market. It seems to be doing well right now even though I'm a bit behind schedule but that's probably because I'm not holding my first positions quite as long as I should.
  • #36
  • Jun 22, 2006 1:07pm Jun 22, 2006 1:07pm
Quoting hondakorn
it can be done....but somewhat risky
Risk is good, I like the reward
  • #37
  • Jun 22, 2006 1:48pm Jun 22, 2006 1:48pm
Can u tell what leading indicator ur using....Just curious















Quoting fxm996
Eventually I will start to explain the trades with a bit more detail as to why I'm entering. Right now I want to make sure the account grows as planned and my system is staying on the right side of the market. It seems to be doing well right now even though I'm a bit behind schedule but that's probably because I'm not holding my first positions quite as long as I should.
  • #38
  • Jun 22, 2006 2:13pm Jun 22, 2006 2:13pm
Quoting fxm996
Risk is good, I like the reward
I hear that!!
CRAIGSLIST BARTERING CHAMPION
  • #39
  • Jun 22, 2006 3:00pm Jun 22, 2006 3:00pm
Quoting alsup1955
Can u tell what leading indicator ur using....Just curious
A modified CCI for finding reversal points.
  • #40
  • Edited Jun 23, 2006 4:52am Jun 22, 2006 5:31pm | Edited Jun 23, 2006 4:52am
EUR/USD
Short @ 1.2571
Results:

-8 @ 4000 units

New balance: $716.46
Total P/L: +$166.46

Closed at 1.2579
Attached Image
0 traders viewing now