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How I Made 1000% Profit

  • #21
  • Apr 16, 2015 3:37pm Apr 16, 2015 3:37pm
Also looking at a few of the O.P.'s trades, his entries (if you lower the tf) are super accurate. The guy closes positions for 150 pips profit, and was only in red as much as 20 pips. 1:7.5 REAL R:R OF course your REAL R:R isn't like the R:R which people normally mention or calculate prior to entering a position. The guy risk 1 pip to earn 7.5 That is OUT OF THIS WORLD!
On the other hand, because he allows his trades to run up to 100 pips loss, that is why his Draw-down % is so high, but then again he is risking the houses money. I am very impressed with his results, and although the draw-down is HIGH, his accuracy is very good.
Imagine the world without the ability of question being asked.
  • #22
  • Apr 16, 2015 3:47pm Apr 16, 2015 3:47pm
Quoting HowAreYou
{quote} Well a high leverage + high equity trader (as having high leverage doesn't lead to a high drawdown %) would of course have a higher drawdown % because his/her account has a much higher P/L PER PIP compared to a conservative trader. Example. If I risk say .01% of my account per PIP, then a 100 pip loss (which appears to be the max amount of pips the O.P. is willing to give the market) would result in a 1% draw-down assuming he/she doesn't open any new orders prior to the loss. While a person who may have a system to never give up more then...
I agreed with your earlier post, but pips is not a good way to calculate the risk or drawdown, especially with 50% risk.

Eg, 1000 equity. If I going to risk 100 bucks:
If short term trade, and my SL I going to set is 10 pips, then I can risk $10 bucks per pip.
If long term trade, and my SL I going to set is 100 pips, then I will risk $1 buck per pip.
So no matter lose 100 pips or 10 pips, I only lose 100 bucks. Who care about the pips.
The only winner is the one who survive the longest...
  • #23
  • Apr 16, 2015 3:51pm Apr 16, 2015 3:51pm
Quoting HowAreYou
Also looking at a few of the O.P.'s trades, his entries (if you lower the tf) are super accurate. The guy closes positions for 150 pips profit, and was only in red as much as 20 pips. 1:7.5 REAL R:R OF course your REAL R:R isn't like the R:R which people normally mention or calculate prior to entering a position. The guy risk 1 pip to earn 7.5 That is OUT OF THIS WORLD! On the other hand, because he allows his trades to run up to 100 pips loss, that is why his Draw-down % is so high, but then again he is risking the houses money. I am very impressed...
The results is impressive, but not the strategy.

Eg, during the period the trade move against him for 50% drawdown, it means it's not suitable for entry. And what if when it's at 50% drawdown, and something happen to the market, and further reverse his position for 100% drawdown? Another SNB party, will create huge negative accounts for him.
The only winner is the one who survive the longest...
  • #24
  • Apr 16, 2015 3:56pm Apr 16, 2015 3:56pm
Hiding basic information such as starting Balance kind of gives the game away. Simply bragging that $1 has grown to $10 does not quite have the same appeal as say $1000 to $10000 or even $10000 to $100000.

Unless the OP is on ego trip, it is poor form to mislead.
None the wiser!
  • #25
  • Apr 16, 2015 4:20pm Apr 16, 2015 4:20pm
Quoting kinspk
{quote} I agreed with your earlier post, but pips is not a good way to calculate the risk or drawdown, especially with 50% risk. Eg, 1000 equity. If I going to risk 100 bucks: If short term trade, and my SL I going to set is 10 pips, then I can risk $10 bucks per pip. If long term trade, and my SL I going to set is 100 pips, then I will risk $1 buck per pip. So no matter lose 100 pips or 10 pips, I only lose 100 bucks. Who care about the pips.
You are correct, but the pips is what is used to calculate the drawdown %. So as you pointed out, I may want to not lose more then 100 usd per day (say 10% of my account), but depending on the formation I see (the setup I use) I then pick the max pips for that setup. So if it is a high probability trade, then I would risk more per pip, as I don't believe I will give up more then xyz amount of pips (Pip-drawdown)
Imagine the world without the ability of question being asked.
  • #26
  • Apr 16, 2015 4:26pm Apr 16, 2015 4:26pm
Quoting kinspk
{quote} The results is impressive, but not the strategy. Eg, during the period the trade move against him for 50% drawdown, it means it's not suitable for entry. And what if when it's at 50% drawdown, and something happen to the market, and further reverse his position for 100% drawdown? Another SNB party, will create huge negative accounts for him.
You got that right, but the reality is using SNB event is an extreme, but very possible. At the same time black swan events can happen at anytime, thus causing STOP LOSS to be skipped over, and pending orders to be activated. The trade moved against him 100 pips for a 50% loss to the account so he was wagering 2% of his account PER PIP. I assume to him, that formation he saw was a sure bet, but then again we would have to know what his system is to see if that trade was based on his system or emotion. For example he may be a engulf pattern trader, but because GBP/USD spiked 200 pips in an hour, he thought it would drop, only for it to spike again. There are many ways to slice it up, but we would have to hear from him first to see what happened.
Imagine the world without the ability of question being asked.
  • #27
  • Apr 16, 2015 4:27pm Apr 16, 2015 4:27pm
Quoting FxClown
Hiding basic information such as starting Balance kind of gives the game away. Simply bragging that $1 has grown to $10 does not quite have the same appeal as say $1000 to $10000 or even $10000 to $100000. Unless the OP is on ego trip, it is poor form to mislead.
You are correct about it not "having the same appeal" but it doesn't change the fact that if he was running a PAMM, no matter how much his account balance was, those who followed him would of made the same profit he made, and experienced the same drawdown % he had, as the investors of a PAMM can't control the money management.
Imagine the world without the ability of question being asked.
  • #28
  • Apr 16, 2015 4:36pm Apr 16, 2015 4:36pm
Quoting HowAreYou
{quote} You got that right, but the reality is using SNB event is an extreme, but very possible. At the same time black swan events can happen at anytime, thus causing STOP LOSS to be skipped over, and pending orders to be activated. The trade moved against him 100 pips for a 50% loss to the account so he was wagering 2% of his account PER PIP. I assume to him, that formation he saw was a sure bet, but then again we would have to know what his system is to see if that trade was based on his system or emotion. For example he may be a engulf pattern...
Davit had already mentioned earlier, so I don't think I going to repeat. I don't think any serious trader will risk 50% on a bigger account. If there is a sure bet, I think some professional traders would have won all the money supply in the world, and I'm going to search for my monopoly currency to get some beer.
The only winner is the one who survive the longest...
  • #29
  • Apr 16, 2015 4:44pm Apr 16, 2015 4:44pm
Quoting HowAreYou
{quote} Well you have some countries which pay 0 capital gain taxes, and why would you "limit" yourself to only 10%? Wouldn't it be much easier to trade, and what ever it is your earn at the end of the month is what you earn? I personally don't understand setting limits to profit, when we as traders don't set limits on losses. How many times have you set a SL, only to move it once it neared, and it ended up in a bigger loss. You have countries in which a person can live with 800usd per month with no issue, and that person won't need to deposit 50k...
True, what I say is more relative to me, a USA trader. I guess I should have been more clear who my comments apply to when speaking specifically about capital gains tax.

10% is not a limit, it is a goal. A goal is something you set to meet. You can always exceed them. I set it low, because it's manageable and low enough for me to be able have long term consistency. It's what I have been able to statistically obtain due to my risk apatite.

Technically, you cannot use the same money management no matter the size of the account. How about 5$? What about $100 Million? I'm sure your "money management" breaks down when your broker no longer supports your trade sizes, whether it be too big or too small. Try getting filled at that amount, I'm sure you'll find difficulty. That's why market makers trade with multiple positions averaged over time. Their huge accounts allows for this. There's only so much demand and supply. Even I get slippage as a retail trader.

You can apply the same money management scaling with bigger account sizes yes. But the argument is not that. The argument is your trading psychology will be different. Can you tell me that you will feel the same when you lose $100 with a 1,000 account as with 100,000 with a 1 Million account? It's only 10% of the account in both cases, so same money management (conservative in this case). What if it was 50%? I know I'd feel different. So because of the different psych involved, your trade management will be changed to something you can be more comfortable with.
insanity: Doing the same thing over... and expecting different results -AE
  • #30
  • Apr 16, 2015 4:47pm Apr 16, 2015 4:47pm
Quoting Vitez
I made 11.400% with real in two weeks and then lost so...
Yup , and then you have waked up all wet , with your gentleman sausage in hand OR ?
  • #31
  • Apr 16, 2015 5:12pm Apr 16, 2015 5:12pm
Quoting qFish
{quote} True, what I say is more relative to me, a USA trader. I guess I should have been more clear who my comments apply to when speaking specifically about capital gains tax. 10% is not a limit, it is a goal. A goal is something you set to meet. You can always exceed them. I set it low, because it's manageable and low enough for me to be able have long term consistency. It's what I have been able to statistically obtain due to my risk apatite. Technically, you cannot use the same money management no matter the size of the account. How about 5$?...
Of course one will allow themselves to be psyched out based on the funds which they use, but the reality it "shouldn't be that way". If you traded right now a million dollar account, what would be the largest lot size you would be comfortable in placing? I am pretty sure that lot size would be "larger" then the lot you would use in your own account which is less then 1million. Basically, we should not allow ourselves to shy away from what has worked for us in the first place.
As for having a big account, of course I won't be able to put a 10,000 lot size order in one account, but you could place them over several accounts, couldn't you? You don't need to have all the funds in one account to maximize your ability of sticking to your lot size. If I wager .01% of my account per pip, that mean in a 1 million dollar account I would have to place an order of 10,000 usd per pip. So if the broker has a restriction on the max lot, I would simply divide the funds into different accounts equally in order to reach the target lot size. Of course 10,000usd per pip seems insane but your client would not risk 1,000,000 if he or she wasn't comfortable with the money management which attracted him/her to you.
Imagine the world without the ability of question being asked.
  • #32
  • Apr 16, 2015 5:29pm Apr 16, 2015 5:29pm
Quoting HowAreYou
{quote} Of course one will allow themselves to be psyched out based on the funds which they use, but the reality it "shouldn't be that way". If you traded right now a million dollar account, what would be the largest lot size you would be comfortable in placing? I am pretty sure that lot size would be "larger" then the lot you would use in your own account which is less then 1million. Basically, we should not allow ourselves to shy away from what has worked for us in the first place. As for having a big account, of course I won't be able to put...
To each their own I guess. Just my opinion.
insanity: Doing the same thing over... and expecting different results -AE
  • #33
  • Apr 16, 2015 7:05pm Apr 16, 2015 7:05pm
I think this is a wonderful performance...What's important here is the pain to gain ratio...He got 50% DD to gain 1000% which means that if he was more of a conservative trader and wished to slice his risk by half; he'd be able to return 500% with a 25% DD...This is an incredible risk to reward ratio provided that he's able to maintain his performance in the future...Nice work, bro. Keep it up !!
Simplicity is the key to brilliance.
  • #34
  • Apr 16, 2015 8:26pm Apr 16, 2015 8:26pm
i"m not interested about discussions above .... let him explain his strategy then lets discuss!!
  • #35
  • Apr 16, 2015 8:44pm Apr 16, 2015 8:44pm
Quoting jplazard
What's there to understand just look at his FX book and replay the entry exits and the size of lots. Its a standard martingale strategy nothing more nothing less. This is not a fundamental strategy but purely a technical strategy with pivots to add that's it. Let him discuss but don't dismiss the traders who are pointing out the obvious mistakes this system has which is a high portfolio volatility, reliance on adding to losing position to turn the account around, and trading larger size after large losses.
Jplazard, you seem rather pessimistic my friend. Once again, if the guy ran a PAMM, and I had deposited say 5,000 then the reality is I would be up over 50,000 usd. You are trying to pick apart his trade explorer when you don't even know which method he is using. Does he have a high drawdown. YES! We can all see that, but could he have that much to pick "random points" as you suggest he does, and double the account 10 fold? As I mentioned before, please look at his winning trades, and look at how many pips he is giving to the market before closing in red. You simply want to only point out the bad, when the reality is many traders have super low drawdowns, and are giving the market 500-800 pips at a time. Yes low drawdown, but pips which would take months to recover.
The reality is people want to earn in forex. If a person in 3 months made 1000% with a 30,000 usd start up, do you know how many people would follow him? Many.... and having an account for 1 year doesn't guarantee wins as having an account for 3 months guarantee a loss. So many people are pessimistic because the success of someone or "failure" is pointed out because he (the one who is pessimistic) can not trade in the same manner. So they say "You will end up losing the account, etc when the reality is EVERYONE LOSSES.
Imagine the world without the ability of question being asked.
  • #36
  • Apr 16, 2015 8:51pm Apr 16, 2015 8:51pm
Quoting jplazard
NOW IM DEFINITELY NOT IMPRESSED! By just doing 2 minutes worth of research your FX book tells me the story of your trading that FF does not. Here is the link if anyone wants to see this holy grail system. http://www.myfxbook.com/members/ragg...l-2015/1135552 1) you started with $25 and have turned it to over $250 that is awesome and great job, but you mislead new traders here thinking you're some savant trader when I and most here can turn 25 into 200 just by betting on a pool game, beer pong, or even candyland board games. 2)...
People who take way smaller risk don't even last 1 year in this market. From the time they deposit they end up going red, and they never make it out. Yes great money management doesn't translate to profits. It is just something used to give you more chances to place trades in the future, but if you don't have a good system, then all the money management in the world won't save you. At best you will spend most of your time in red, wishing why you didn't take the opposite of the trade. Jplazard since you are being so judgmental on the O.P why don't you post your trade explorer. I am pretty sure it is "WORSE" then the O.P.'s which would explain why you are being so judgmental.
Imagine the world without the ability of question being asked.
  • #37
  • Apr 16, 2015 9:14pm Apr 16, 2015 9:14pm
Quoting kinspk
{quote} The results is impressive, but not the strategy. Eg, during the period the trade move against him for 50% drawdown, it means it's not suitable for entry. And what if when it's at 50% drawdown, and something happen to the market, and further reverse his position for 100% drawdown? Another SNB party, will create huge negative accounts for him.
This is the good point but my DD 50% was not from one single trade i always ( most of time ) use 100 pips SL that is around 5 to 10 percentage of my investment

SNB cant move market more than limited area ..., they have limit and market too have fixed limit., i think you already know central banks can pegg currency pair that means they are afraid of speculators there is some fundamental reasons.
  • #38
  • Apr 16, 2015 9:15pm Apr 16, 2015 9:15pm
If a strategy incorporates a 50% drawdown on equity regularly (ie. if going into every trade you're prepared to let it run the course to that kind of DD), the account will die, eventually. I don't care if you've made 10,000% profit in 1 month. Just takes a few dud trades.

It seems like OP has closed trades before it getting to that stage anyway (even though his worst trade return was a 40% loss).

I'm willing to put a wager that this is a very small account and probably not even $5-10k+, as anyone with just $10k would not let a single trade reach 50% drawdown (excluding rookies who will eventually blow their account). Just remember, the most successful traders didn't get to where they are by risking half their account on a single trade.
  • #39
  • Apr 16, 2015 9:24pm Apr 16, 2015 9:24pm
Quoting skyway
-100 pips for 15% loss per trade. 2 loss streak double the risk to -100 pips for 30% loss per trade. 2 cycles max. That's OP's idea to trade on broker's money with small startup capital.
You said simply Martingale but no, use some fundamental and technical logic

1, patterns
2, overbought / oversold
3, MM
4, news
5, Correlation
6, Trend


and how many very important things are you using in trading .. except martingale
  • #40
  • Apr 16, 2015 9:29pm Apr 16, 2015 9:29pm
Quoting pierre23
(even though his worst trade return was a 40% loss).
that 40% loss was my first single trade then never happened but 50% DD is fact and at-least we should use 50% DD to make huge profit
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