$200,000 in 6 Months? What do you think about this challenge? | Forex Factory

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$200,000 in 6 Months? What do you think about this challenge?

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  • What do you think about this plan?
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  • #1
  • First Post: Jan 18, 2014 5:06pm Jan 18, 2014 5:06pm

i had a dream, started a plan, and now its on the way to come true..

How to make 200.000$ in 6 months?

Starting from 3000$ initial balance..

with this plan i could double the balance each month and reach my Goal.

Ok, risk is 16.667 % all the way, and the same pips amount needed everyday (30) net without spread count or commission

with spread included (4 maybe less depends on your broker) that will be around (50) pips a day, will be divided on 5 trades each day only.

we have 22 trading days each month. so do the math:

3000 x 16.667% = $ 500 (0.5) Lot size (500 divided by 1000)

3000 / 22 = $ 136.36 needed every day.

136.36/5 (trades) = $ 27.27 profit per trade.

27.27/5 (pip worth) = 5.5 PIPS needed ONLY in each trade.


for that i made an automatic indicator with help of experts ofcourse that closes trades automatically when desired amount in profits($) is reached.

and the most important thing the plan and the strategy i made for taking the best and the right time to enter a profitable trade.

ive been working like this since 4 months and making 60+ pips / day so its easy when it comes to just 50.


IF you wanna start with more than 3000$ or less .. you just hit x16.667% (the perfect percentage) and convert to Lot size (divided by 1000)

for the next month the balance will be doubled.. so you just DOUBLE THE LOT SIZE and stick to the rest of the plan.

WISH YOU ALL SAFE TRADING AND DAYS FULL OF PROFITS!

  • #2
  • Jan 18, 2014 5:30pm Jan 18, 2014 5:30pm
Your goal won't be reached with the maths you are describing.

Your plan needs a strong consistent trading method/system ...
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  • #3
  • Jan 18, 2014 5:43pm Jan 18, 2014 5:43pm
Quoting Mroue26
i had a dream, started a plan, and now its on the way to come true..How to make 200.000$ in 6 months?Starting from 3000$ initial balance..with this plan i could double the balance each month and reach my Goal.Ok, risk is 16.667 % all the way, and the same pips amount needed everyday (30) net without spread count or commissionwith spread included (4 maybe less depends on your broker) that will be around (50) pips a day, will be divided on 5 trades each day only.we have 22 trading days each month. so do the math:3000 x 16.667% = $ 500 (0.5) Lot size...
I`m not sure you can achieve 200.000 k in 6 months from 3000, but i`m sure you can achieve 1 million from 100 in 12 months.

The last 4-5 months you can achieve more money each month than in the first 6 in total.Its a nice compounding and lot management method i invented, but yes i have to agree with Ferru, unless you have a rock solid system, its impossible to make even 100$ consistently.

You take your efforts and put them in finding an edge first, then you will have plenty of time counting your million $s.
"There's a sucker born every minute" - P.T. Barnum
  • #4
  • Jan 18, 2014 5:49pm Jan 18, 2014 5:49pm
Quoting Proximus
{quote}You take your efforts and put them in finding an edge first, then you will have plenty of time counting your million $s.
That's the deal!
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  • #5
  • Jan 18, 2014 5:52pm Jan 18, 2014 5:52pm
Quoting FerruFx
Your goal won't be reached with the maths you are describing. Your plan needs a strong consistent trading method/system ...
im working with a method that i developed + an EA for closing and its returning pretty much well everyday.. i tested live with 300$ balance and in one day i made 220$ just the perfect timing to enter the market most of the time i enter a trade and dont get any negative profit at all.
  • #6
  • Jan 18, 2014 5:57pm Jan 18, 2014 5:57pm
Quoting Proximus
{quote} I`m not sure you can achieve 200.000 k in 6 months from 3000, but i`m sure you can achieve 1 million from 100 in 12 months. The last 4-5 months you can achieve more money each month than in the first 6 in total.Its a nice compounding and lot management method i invented, but yes i have to agree with Ferru, unless you have a rock solid system, its impossible to make even 100$ consistently. You take your efforts and put them in finding an edge first, then you will have plenty of time counting your million $s.
if you start with 100k as u're saying.. the lot size will be so high most of brokers in my area dont allow more than 50 lot. if i have 100k to start i will stick to one plan and dont double the lots every month.. maybe some are not getting the idea, first month its 6000 (1.0 lot) after the balance is 12k (2.0 lot) and so on.. the percentage is fix so is the pips amount needed everyday. im now on it with live account i will be posting my progress soon.
im very thankful for supporters.
  • #7
  • Jan 18, 2014 6:05pm Jan 18, 2014 6:05pm
Quoting Mroue26
... 5.5 PIPS needed ONLY in each trade
How many pips is your SL ?
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  • #8
  • Jan 18, 2014 6:20pm Jan 18, 2014 6:20pm
Quoting FerruFx
{quote} How many pips is your SL ?
i dont trade with SL.. stop loss is a total loss, most of the time it just go there trigger your SL and go back again. theres a 600 pips margin for you it wont flip over 600 pips and lequidate your account unless your trading blind and ahead of news right?
  • #9
  • Jan 18, 2014 6:24pm Jan 18, 2014 6:24pm
Quoting Mroue26
{quote} i dont trade with SL.. stop loss is a total loss, most of the time it just go there trigger your SL and go back again. theres a 600 pips margin for you it wont flip over 600 pips and lequidate your account unless your trading blind and ahead of news right?
5 pips TP with no SL will bring you to bankruptcy soon or later ... That's a 100% guarantee.
MT4/MT5 EAs/Indicators/Alerts coder
  • #10
  • Jan 18, 2014 6:29pm Jan 18, 2014 6:29pm
Quoting Mroue26
{quote} if you start with 100k as u're saying.. the lot size will be so high most of brokers in my area dont allow more than 50 lot. if i have 100k to start i will stick to one plan and dont double the lots every month.. maybe some are not getting the idea, first month its 6000 (1.0 lot) after the balance is 12k (2.0 lot) and so on.. the percentage is fix so is the pips amount needed everyday. im now on it with live account i will be posting my progress soon. im very thankful for supporters.
No i meant with 100$

100$ -> 1.000.000$ in 1 year
3000$ -> 200.000$ in 2 years maybe
"There's a sucker born every minute" - P.T. Barnum
  • #11
  • Jan 18, 2014 6:32pm Jan 18, 2014 6:32pm
Quoting Proximus
{quote} No i meant with 100$ 100$ -> 1.000.000$ in 1 year 3000$ -> 200.000$ in 2 years maybe
dont be so negative.. keep yourself posted and stay tuned with progress updates
  • #12
  • Jan 18, 2014 6:33pm Jan 18, 2014 6:33pm
Quoting FerruFx
{quote} 5 pips TP with no SL will bring you to bankruptcy soon or later ... That's a 100% guarantee.
Lol tell that to Magix and his friends.We had a nice bickering over the price predictability thread.

http://www.forexfactory.com/showthre...82#post7222082
"There's a sucker born every minute" - P.T. Barnum
  • #13
  • Jan 18, 2014 7:35pm Jan 18, 2014 7:35pm
Quoting Mroue26
{quote} dont be so negative.. keep yourself posted and stay tuned with progress updates
Actually , use this spreadsheet to calculate what balance you will get if you have a constant growth rate.

Attached File(s)
File Type: xlsx GROWTH RATE.xlsx   10 KB | 738 downloads
"There's a sucker born every minute" - P.T. Barnum
  • #14
  • Jan 18, 2014 7:45pm Jan 18, 2014 7:45pm
Quoting Proximus
{quote} Actually , use this spreadsheet to calculate what balance you will get if you have a constant growth rate. {file}
I have made a spreadsheet and this percentage and thid plan gives u exact double balance of whatever you"re starting (min.300) and the lot size is calculated too, after the first month ends u double the lot size only
  • #15
  • Jan 18, 2014 8:19pm Jan 18, 2014 8:19pm
Quoting Mroue26
{quote} I have made a spreadsheet and this percentage and thid plan gives u exact double balance of whatever you"re starting (min.300)
Again, your spreadsheet won't make you profitable ...

You should concentrate on your charts instead on excel ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #16
  • Jan 18, 2014 9:20pm Jan 18, 2014 9:20pm
Silly noob dreams. I think we all start with a %return per month goal and compound it in excel to see how much we are going to make. The market immediately takes our money and continues to do so untill will learn some respect for what we are really dealing with.

Or was that just me?
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  • #17
  • Jan 18, 2014 9:33pm Jan 18, 2014 9:33pm
Quoting M.A.C.Doug
Or was that just me?
We all started dreaming ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #18
  • Jan 18, 2014 10:05pm Jan 18, 2014 10:05pm
Quoting M.A.C.Doug
Silly noob dreams. I think we all start with a %return per month goal and compound it in excel to see how much we are going to make. The market immediately takes our money and continues to do so untill will learn some respect for what we are really dealing with. Or was that just me?
Dreams of fast money attract lots of people to trading.

Mroue26 and anyone else who is stuck using the compound interest formula to determine their net worth N months down the track - stop. You need to focus purely on making one good trade and once you've don't that you focus on making one good trade. This is how give yourself the best shot at make money trading. A good trade doesn't even have to be a winner - a good trade can still be a loser.

But I can't help but think that Mroue26 is trying to be comical here from post #1....

Quoting Mroue26
Ok, risk is 16.667 % all the way, and the same pips amount needed everyday (30) net without spread count or commission
from post #8:

Quoting Mroue26;post7222199
i dont trade with SL.. stop loss is a total loss, most of the time it just go there trigger your SL and go back again. theres a 600 pips margin for you it wont flip over 600 pips and lequidate your account unless your trading blind and ahead of news right?
You can't risk X% of your account in a single trade without a stop loss unless X = 100.
  • #19
  • Jan 18, 2014 11:29pm Jan 18, 2014 11:29pm
Quoting 9047
{quote}You can't risk X% of your account in a single trade without a stop loss unless X = 100.
Exactly. Those who are trading without SL are taking a 100% risk trade ... each trade ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #20
  • Jan 19, 2014 2:28am Jan 19, 2014 2:28am
Quoting 9047
{quote} Dreams of fast money attract lots of people to trading. Mroue26 and anyone else who is stuck using the compound interest formula to determine their net worth N months down the track - stop.

I am using it rather successfully.MY goal is modest 5% + (so far hitting it above 5)a month.Everyone must have a goal.Businesses have targets to reach and your mind focuses more when you have a goal.
Problem with this thread is unreasonable expectation.Set on realistic target and everything is changed.
read about
Psycho-Cybernetics
and you will see everything from different perspective.
Ironically to get better in trading requires reading lot of things not directly related to trading.Mechanics of trading is simple making it profitable is the challenge.
If 65 Yr old Richard Donchian can make millions starting at such late age you can too.

"Only those who will risk going too far can possibly find out how far one can go." - T.S. Eliot
above does not mean recklessness but clear logical drive.
In trading, you have to be defensive and aggressive at the same time
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