How I grew $187.91 to $1 Million in 5 years | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

I'm recruiting: $5000 -> $5,000,000 3 years 33 replies

The man who increased 1.6 million yen to 18 bln yen in 8 years 17 replies

2 Million In 2 Years With $1000 Start Up- Its Possible 30 replies

27/23 System for USD/CHF --$10,000 to $1,100,000 in 2 years? 42 replies

Attachments: How I grew $187.91 to $1 Million in 5 years
Exit Attachments

How I grew $187.91 to $1 Million in 5 years

  • #141
  • Dec 17, 2014 3:32pm Dec 17, 2014 3:32pm
Quoting xtrader101
{quote} ........ No trading for the day if no sex the night before........
  • #142
  • Dec 18, 2014 1:54am Dec 18, 2014 1:54am
Quoting xtrader101
{quote} I'm losing a lot this month. Disaster points 1. Trading multiple pairs (more than 3) is not for me. 2. Trading with slow computer during high impact news is to be avoided. (My computer was freezing during FOMC. There were good opportunities, but never made it. After that, I just lose it. Lol) 3. No trading for the day if no sex the night before. lol. I will made it back, but not soon, maybe in the next 2 to 3 months. Cheers,
Goodluck man , its good to go away and reflect , especially at xmas period like this .Some of us we are still in here trying
  • #143
  • Dec 18, 2014 2:29am Dec 18, 2014 2:29am
Quoting xtrader101
3. No trading for the day if no sex the night before. lol.
That's a good rule. If I'll stick to it I'll never lose money (as I'll never trade )
On my way to financial independence - if others can do it - I can do it
  • #144
  • Dec 19, 2014 11:06am Dec 19, 2014 11:06am
You said you are coming in 3 months but you are back in 2 days
  • #145
  • Edited Dec 20, 2014 5:45am Dec 19, 2014 11:27am | Edited Dec 20, 2014 5:45am
Quoting tafadzwa02
You said you are coming in 3 months but you are back in 2 days
When did i say in 3 months?

I just needed to ponder upon things.

This will be my last forex account to trade.

Trade explorer linked to this thread will have these parameters.

Monthly objective: At least 3%
Daily loss to stop trading: 2%
Weekly loss to stop trading: 5%
Account closure: Loss of 10%

Another view of my accounts in myfxbook

Slow FxTurtle - http://www.myfxbook.com/members/fxtu...turtle/1104480
Fast FxTurtle - http://www.myfxbook.com/members/fxtu...turtle/1104482

Have a happy holidays to all of you. May you have bountiful pips in 2015 and good health.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #146
  • Dec 20, 2014 2:11am Dec 20, 2014 2:11am
If I can suggest you something:
you have 3% profit a month target, but 2% a day acceptable loss. something don't look right here, either target is too low or accepted loss too high. Not sure what your method is but it looks weird for me that you expect so little for so much risk
On my way to financial independence - if others can do it - I can do it
  • #147
  • Dec 20, 2014 5:43am Dec 20, 2014 5:43am
Quoting Eur Usd
If I can suggest you something: you have 3% profit a month target, but 2% a day acceptable loss. something don't look right here, either target is too low or accepted loss too high. Not sure what your method is but it looks weird for me that you expect so little for so much risk
You did not really make a suggestion.
Fear prevent possibilities, and so does Greed
  • #148
  • Dec 20, 2014 6:59am Dec 20, 2014 6:59am
Quoting xtrader101
{quote} You did not really make a suggestion.
read between lines ;-)
On my way to financial independence - if others can do it - I can do it
  • #149
  • Dec 20, 2014 7:21am Dec 20, 2014 7:21am
Quoting Eur Usd
{quote} read between lines ;-)
Give it 3 months or so to find out what the results will be.

Cheers,
Fear prevent possibilities, and so does Greed
  • #150
  • Dec 20, 2014 7:52am Dec 20, 2014 7:52am
If I have time to share my trade setup, i will post a snapshot here once in a while.

Here are my few trades last Friday.

EURUSD

Shorted at the close of the bar. There is a clear resistance at 1.23. (Win)

https://www.mql5.com/en/charts/27924...-financial-pty

Shorted again, but too early. There was a congestion and a break upside followed by a down bar. If it doesn't work, I closed it right away (Loss)

https://www.mql5.com/en/charts/27924...-financial-pty

Shorted again at the close of the bar. Small trend line break with the current wave being down. (Win)

https://www.mql5.com/en/charts/27925...-financial-pty
Fear prevent possibilities, and so does Greed
  • #151
  • Dec 20, 2014 7:59am Dec 20, 2014 7:59am
USDJPY

Shorted at the close of the bar trendline break. There was a clear resistance above 119.5 (win)

https://www.mql5.com/en/charts/27925...-financial-pty

Missed trade. I was buying coffee.

Trendline break. The low close to the support pink line.

https://www.mql5.com/en/charts/27925...-financial-pty

Trade I did not take. It was past 10:00 at Friday. No trades for me.

https://www.mql5.com/en/charts/27925...-financial-pty

Cheers,
Fear prevent possibilities, and so does Greed
  • #152
  • Dec 20, 2014 8:04am Dec 20, 2014 8:04am
GBPUSD

Shorted at the vertical yellow line. Two closed down bar right at the declining trend line.

Pink lines were trades I missed. I was busy with my EURUSD trades. I did not look at GBPUSD chart.

Two missed trades could have been really good profit.

https://www.mql5.com/en/charts/27925...-financial-pty

Cheers,
Fxturtle
Fear prevent possibilities, and so does Greed
  • #153
  • Dec 20, 2014 8:09am Dec 20, 2014 8:09am
USDCAD

Two longs trade. Break of trendline. Both wins.

https://www.mql5.com/en/charts/27925...-financial-pty


Missed AUDUSD trade. Rejection right at the resistance.

https://www.mql5.com/en/charts/27925...-financial-pty

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #154
  • Dec 20, 2014 8:30am Dec 20, 2014 8:30am
This is a no indicator manual trading strategy. The PZ support resistance indicator is just to give me a clear visualization of previous highs and lows but trades are taken based on price action on those levels and trendline breaks.

If u have any question, I will try to answer them on weekends.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #155
  • Dec 28, 2014 11:23am Dec 28, 2014 11:23am
These are EURUSD trade setups last week (Dec 22-26)

If TP is 10 pips, all trades are winners. If TP is 30 pips. All trades are winners except trade D.

I was not able to take all EU trades. I was looking at other pairs like GU and UC, which most trades were losers.

This week, I will only trade EU and UJ.

Cheers,
FxTurtle
Attached Image (click to enlarge)
Click to Enlarge Name: EU Trades.PNG Size: 33 KB
Fear prevent possibilities, and so does Greed
  • #156
  • Dec 28, 2014 12:14pm Dec 28, 2014 12:14pm
Hi xtrader101,

I like your thread. I am watching it closely. I see you started your thread in November 22nd, 2013, almost a year ago. If you don't mind can you summarize and 2014 and let's see where you are as of today. Thanks and good luck.
Those that get up at 5 a.m. rule the world.
  • #157
  • Jan 2, 2015 5:58pm Jan 2, 2015 5:58pm
Quoting KoraDuba
Hi xtrader101, I like your thread. I am watching it closely. I see you started your thread in November 22nd, 2013, almost a year ago. If you don't mind can you summarize and 2014 and let's see where you are as of today. Thanks and good luck.
In 2014, I lose money, not much, but still a losing year. The reason, I do not lose much because I only trade small lot size.

My trading style is not martingale or grid.
My entries are mostly based on trendline break.
I only trade the majors, but most of the time, only EURUSD and USDJPY.
I do not use indicators.
I use Renko chart using a 5 pip brick size.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #158
  • Jan 2, 2015 6:01pm Jan 2, 2015 6:01pm
Attached is my trade manager EA that someone coded for me. I tested this EA last Friday, January 2, 2015 and based on my requirements, it is fully working.

Input parameters:

Manage all pairs (If true, attached the EA in only one chart and it will manage different pairs. If False, it will only manage the pair the EA is attached)
SL (EA will place SL after you make a trade)
TP (EA will place TP after you make a trade)

Use Trail
If True, EA will ONLY use input parameter "Pips Profit To Start Trail"
Pips Profit to start trail (If your trade profit reached the number in this parameter, EA will start trailing your trade)

If False, EA will ONLY use input parameters "Breakeven Pips and Lock-in Pips"
Breakeven Pips - If your trade profit reached the number in this parameter, EA will move SL to Breakeven plus the number in Lock-in Pips
Lock-in Pips - This will locked profits after reaching Breakeven pips

Use Partial Close
If True,
Profit in Pips to partial close - If your trade profit reached the number here, EA will close a portion of your trade.
Lot size to partial close (in Percent) - EA will close a portion of your trade.

Try the EA in a demo account first before using in a live account.
The EA is free to use, but not to distribute. If someone wants to have a copy, tell them to download from here.
Disclaimer: I am not responsible for any loss you may incur using the Trade Manager EA. Use it at your own risk.


Cheers,
FxTurtle
Attached File(s)
File Type: ex4 Sleep Tight.ex4   10 KB | 428 downloads
Fear prevent possibilities, and so does Greed
  • #159
  • Jan 3, 2015 7:17pm Jan 3, 2015 7:17pm
Trades made on January 2nd, 2015.

USDJPY

First three trades USDJPY was a test of the Trade Manager EA and bugs were found out immediately that resulted in a loss. You can see it in history less than 7 seconds duration.

Short at A. Resulted in a loss
Missed the short at B was buying coffee.
Impatience long at C. Resulted in my biggest loss so far (-26 pips)
Long at D. Resulted in profit over +30 pips

Cheers,
Fxturtle
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY20152.jpg Size: 30 KB
Fear prevent possibilities, and so does Greed
  • #160
  • Jan 3, 2015 7:19pm Jan 3, 2015 7:19pm
January 2nd, 2015 trade.

EURUSD

Long at the break of trendline (A). Profits went up to +19 then reversed and close of less than -5 pip lose.
Short at the break of the trendline (B). Close at profit for over +35.

Cheers,
Fxturtle
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD20152.jpg Size: 21 KB
Fear prevent possibilities, and so does Greed
0 traders viewing now