Turn $160 into $1,000 | Forex Factory

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Turn $160 into $1,000

  • #1
  • First Post: Edited Jul 13, 2015 11:12pm Apr 30, 2015 12:32pm | Edited Jul 13, 2015 11:12pm
For your and my entertainment I'm going to use my scalping technique to turn a $160 account into $1,000 with 32 trades with adoptive lot size, which should give me 6% equity growth per trade.

Let's get the obvious Q&A out of the way......

  1. Yes, it is completely ridiculous
  2. Yes, I can blow my account with a single trade
  3. Yes, I can afford to loose $160
  4. No, I'm not 100% sure I can do this, but just imagine I could

Myfxbook | Live Account - http://www.myfxbook.com/members/fxin...-scalp/1234261

Copy Signals at MQL5 - https://www.mql5.com/en/signals/108212

Trading starts 01 May 2015

06 May 2015 - Withdraw initial deposit of $100 - now I will continue with the $100 profit that is left and try and turn it into $1k.

15 May 2015 -Withdraw $50 from account - Now really going to gun for that $1k goal.

09 June 2015 - Withdraw $147.99 from account - Securing more cash

02 July 2015 - TP increased to 5 pips

14 July 2015 - Skype and FB Group limit reached - in order to trade my strategy you'll have to copy the signals via MQL5 - see link above

Trade Safe!
  • #2
  • May 1, 2015 10:34am May 1, 2015 10:34am
Trade 1 - simple miss calculation on lot size that's why only 4.4% profit and not 6%.

I will make up the difference with the next couple of trades.
Trade Safe!
  • #3
  • May 3, 2015 5:15pm May 3, 2015 5:15pm
Quoting fxinvestfund
Yes, it is completely ridiculous Yes, I can blow my account with a single trade Yes, I can afford to loose $160 No, I'm not 100% sure I can do this, but just imagine I could Myfxbook - http://www.myfxbook.com/members/fxin...-scalp/1234261 Trading starts 01 May 2015.
Best introduction ever!

I will watch your trades close, don't miss one, I will know it.

Happy pips
Live and Keep Calm
  • #4
  • May 4, 2015 1:13pm May 4, 2015 1:13pm
Quoting troneras
....don't miss one, I will know it.
Gotcha!
Trade Safe!
  • #5
  • May 5, 2015 11:37am May 5, 2015 11:37am
So after slightly increase my lot size to make up the shortage of 4,4% I'm back on track to gain 6% per day. I need one more successful trade tomorrow to push me over the $200 mark.

Myfxbook - http://www.myfxbook.com/members/fxin...-scalp/1234261
Trade Safe!
  • #6
  • May 5, 2015 6:38pm May 5, 2015 6:38pm
great performance. how long have you tested this strategy?
  • #7
  • May 6, 2015 2:11pm May 6, 2015 2:11pm
Quoting fxarms.com
great performance. how long have you tested this strategy?
Thanks, the strategy has been coming for some months now, but it's been 3 weeks since I've modified it slightly in order to find something more stable. So far it's looking good, but it is still a very high risk way of trading.

Anyway - I use money I can afford to loose and today I've reached my 1st goal, which was to double my account - now I can withdraw my deposit and continue with my profits or free money as some would say.
Trade Safe!
  • #8
  • May 6, 2015 2:16pm May 6, 2015 2:16pm
what is the maximum time the trades are held open? is there any possible way to reduce the risk in your system?
  • #9
  • May 6, 2015 2:25pm May 6, 2015 2:25pm
Quoting fxarms.com
what is the maximum time the trades are held open? is there any possible way to reduce the risk in your system?
Trades normally close within 2 to 10 minutes. I scalp 3 pips with pending orders and ridiculous high lot size with no SL so I cannot reduce the risk, unless I reduce the lot size widen the TP and implement a SL, but then the whole strategy will be different.

This is really something to enjoy on the sideline while you trade more responsible with your bigger portfolio.
Trade Safe!
  • #10
  • May 6, 2015 7:01pm May 6, 2015 7:01pm
Quoting fxinvestfund
{quote} Trades normally close within 2 to 10 minutes. I scalp 3 pips with pending orders and ridiculous high lot size with no SL so I cannot reduce the risk, unless I reduce the lot size widen the TP and implement a SL, but then the whole strategy will be different. This is really something to enjoy on the sideline while you trade more responsible with your bigger portfolio.
Thanks for your response. I tried a similar method 4 years back. But on a longer run, it was not successful. Anyway, good that you are consistent so far. Let me observe it for some time.
  • #11
  • May 8, 2015 1:37pm May 8, 2015 1:37pm
Another successful week making this week 3.

So far I've doubled my account, taken out my deposit and now I continue trading with my profit.

Now I will try and continue for 4 weeks without making a withdraw in order to grow the account
Trade Safe!
  • #12
  • May 8, 2015 1:39pm May 8, 2015 1:39pm
Congrats!
  • #13
  • May 9, 2015 6:47am May 9, 2015 6:47am
Quoting fxarms.com
Congrats!
Thanks man!

Still early days though.... but looking forward to the next couple of weeks!
Trade Safe!
  • #14
  • May 9, 2015 9:13am May 9, 2015 9:13am
hope you will repeat the magic again. looking forward to see your further results
  • #15
  • May 14, 2015 8:19am May 14, 2015 8:19am
Quoting fxinvestfund
Another successful week making this week 3. So far I've doubled my account, taken out my deposit and now I continue trading with my profit. Now I will try and continue for 4 weeks without making a withdraw in order to grow the account
Hi so far you are doing pretty good but i need to know the strategy you are using or it is too early to expose it? Thanks
  • #16
  • May 14, 2015 9:09am May 14, 2015 9:09am
Quoting Edonya
{quote} Hi so far you are doing pretty good but i need to know the strategy you are using or it is too early to expose it? Thanks
Thanks,

I first want to make sure the strategy is worth sharing before I do share it, but it is not so much a strategy that every trader would like or approve so I want to share with a hand full of people in a closed environment where setups and results can be controlled. You know how people can take you appart on this forum if they don't like your strategy.

I have not put much thought into this, but once I'm ready to share and confident the strategy is worth sharing I'll setup a group of 5 or 10 people and take it forward.
Trade Safe!
  • #17
  • May 14, 2015 12:07pm May 14, 2015 12:07pm
Good job dude
  • #18
  • May 14, 2015 11:09pm May 14, 2015 11:09pm
Quoting Gigikmrfx
Good job dude
Thanks man
Trade Safe!
  • #19
  • May 15, 2015 11:23am May 15, 2015 11:23am
Withdraw another $50 from my account.

Now my cash flow is in profit as well and I still have $100 to trade with.

Ok, I promise I will try and push for 2 months now without making a withdraw in order to make that goal of $1k.
Trade Safe!
  • #20
  • May 15, 2015 11:33am May 15, 2015 11:33am
Incredible. Keep going. I love seeing people push themselves like you are doing. You know your risk so as long as you are comfortable with it, that's all that matters. I agree with you, this is a style of trading to employ while you are trading more responsible in your primary account. I have thought about this myself but am not ready yet to give it a shot but surely will in the future.

I will watch your progress and hope you hit the goal you have set for yourself.
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