The riddle - How did this guy make 55,000%? | Forex Factory

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The riddle - How did this guy make 55,000%?

  • #1
  • First Post: Edited 2:51pm Jul 25, 2016 2:19pm | Edited 2:51pm
Hello, sorry for my bad english.
In the 2009, in a german forum, appears a guy that has done in demo and after in real, more than 55.000% in a month.
the site hosting the forum is now closed, but you find evidence in other forums today that thread.
This guys nickname: Magellan.
He trade chart 10 seconds.
I attached here his chart, but the guy not explains with details his trading system.
So, who can understand it can explain?
rules long, short please.
I know his tp average is 3/4 Pips, and his SL average is 2/3 Pips.
Mainly usd/jpy, when NewYork open and hours following.
Good riddle.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MAGELLAN.JPG Size: 332 KB
Click to Enlarge Name: MAGELLAN1.JPG Size: 270 KB
Click to Enlarge Name: MAGELLAN2.JPG Size: 265 KB
  • #2
  • Jul 25, 2016 2:49pm Jul 25, 2016 2:49pm
the first chart he publish only for show real bank account.
Second and third chart are his strategy on 10 sec. timeframe.
I know no more.
  • #3
  • Jul 25, 2016 2:51pm Jul 25, 2016 2:51pm
  • #4
  • Jul 25, 2016 2:57pm Jul 25, 2016 2:57pm
Quoting goforexx
Hello, sorry for my bad english. In the 2009, in a german forum, appears a guy that has done in demo and after in real, more than 55.000% in a month. the site hosting the forum is now closed, but you find evidence in other forums today that thread. This guys nickname: Magellan. He trade chart 10 seconds. I attached here his chart, but the guy not explains with details his trading system. So, who can understand it can explain? rules long, short please. I know his tp average is 3/4 Pips, and his SL average is 2/3 Pips. Mainly usd/jpy, when NewYork...


how much was he risking per trade?
how much trades was he taking?


assuming his risk reward was not absurd and he was taking plenty of trades it is obvious to me he is using a bot or some kind of EA ...as it is impossible to react so fast on a 10 second chart, obviously is trading with a broker with no spread too [most likely he is trading in such large volumes his broker has waved the spread]

apart from that i can't tell you anymore.
if you have his entry and exit times and a 10 second chart it may be possible to reverse engineer his trades. I saw someone jack someone else's system by doing this once on here. can't remember what section it was in but i think it was trading journals.

your best bet would be to beg him to help you or buy some forex reverse engineering software and input his entries and exits and see if it yields anything
  • #5
  • Jul 25, 2016 3:27pm Jul 25, 2016 3:27pm
About 300 trade a day if i remember right, and all manually.
  • #6
  • Jul 25, 2016 4:23pm Jul 25, 2016 4:23pm
Quoting goforexx
About 300 trade a day if i remember right, and all manually.

you are very naive if you think a person can take 300 trades off a 10 second chart a day manually and be as profitable as that
  • #7
  • Jul 25, 2016 4:28pm Jul 25, 2016 4:28pm
for a scalper 300 trade manually is routine i think
  • #8
  • Jul 25, 2016 4:35pm Jul 25, 2016 4:35pm
i'm sorry, was 3000 trade in one month, so 150 day
  • #9
  • Jul 25, 2016 5:56pm Jul 25, 2016 5:56pm
This trader is a scalper.

Strategy - Fractal
SL - Approx 1 min
UJ is good for scalping.
The only winner is the one who survive the longest...
  • #10
  • Jul 25, 2016 6:29pm Jul 25, 2016 6:29pm
Quoting goforexx
Hello, sorry for my bad english. In the 2009, in a german forum, appears a guy that has done in demo and after in real, more than 55.000% in a month. the site hosting the forum is now closed, but you find evidence in other forums today that thread. This guys nickname: Magellan. He trade chart 10 seconds. I attached here his chart, but the guy not explains with details his trading system. So, who can understand it can explain? rules long, short please. I know his tp average is 3/4 Pips, and his SL average is 2/3 Pips. Mainly usd/jpy, when NewYork...
You don't need to be interested in this extreme leverage stunt. It's not sustainable anyway. There are always decent and sound ways to make money in the market. Warren Buffett didn't do this circus either to become a world rich.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #11
  • Jul 25, 2016 11:54pm Jul 25, 2016 11:54pm
Goforexx,

If Magellan was trading 20 days a month, his average daily gain was about 70%. I assume when you say his avg TP was 3/4, you mean 3-4 pips per trade, and similar logic for SL. That places his expectation at about 0.4 pip per trade if his winning percentage was 50%. Over 150 trades, that produces about 60 pips per day, resulting in slightly more than 1% gain (profit) per trade on average. The rough price range in 2009 of the USD/JPY was 85 to 101 so the average value per pip for the year was $10.75 on a standard lot. If he was maximizing the efficiency of leverage, and using the same amount of margin on every trade, then the leverage required was at least 300:1. It would have also been essential for him to adjust lot size appropriately -- perhaps at the start of every day, perhaps more frequently -- to maintain the same level of leverage efficiency necessary to reach 50,000% gains in a month.

I watched a fellow several years ago start with about $5.000 and move it up to about $125.000 in a month or two. Then he stopped that type of trading for several months before going back to it again -- he said the intensity was more than he could bear for longer periods of time. The intensity required for Magellan to have achieved this may be considered extreme, but not impossible. And high leverage efficiency need not strike the death knell of your trading. But if you do pursue this adventure, know in advance that 150 trades per day is Intense! And trading at very low levels of Margin Level Percent on every trade is Intense! Whatever you do, start with an account balance that you can truly afford to lose. And commit yourself to learning from every trade, technically and emotionally.

Good Luck !!!

F
  • #12
  • Jul 26, 2016 12:53am Jul 26, 2016 12:53am
Quoting goforexx
Hello, sorry for my bad english. In the 2009, in a german forum, appears a guy that has done in demo and after in real, more than 55.000% in a month. the site hosting the forum is now closed, but you find evidence in other forums today that thread. This guys nickname: Magellan. He trade chart 10 seconds. I attached here his chart, but the guy not explains with details his trading system. So, who can understand it can explain? rules long, short please. I know his tp average is 3/4 Pips, and his SL average is 2/3 Pips. Mainly usd/jpy, when NewYork...
tp 3 to 4 pips or 0.75 pips ?
  • #13
  • Jul 26, 2016 12:55am Jul 26, 2016 12:55am
Quoting kain775
{quote} how much was he risking per trade? how much trades was he taking? assuming his risk reward was not absurd and he was taking plenty of trades it is obvious to me he is using a bot or some kind of EA ...as it is impossible to react so fast on a 10 second chart, obviously is trading with a broker with no spread too [most likely he is trading in such large volumes his broker has waved the spread] apart from that i can't tell you anymore. if you have his entry and exit times and a 10 second chart it may be possible to reverse engineer his trades....
how can it be possible to reverse engineer someone s sysytem with only the entries and exists ?
  • #14
  • Jul 26, 2016 3:28am Jul 26, 2016 3:28am
Kinspk i think you are right, seem so...
metta87 3 or 4 pips, (it's average)
pipnu2me thank you!
  • #15
  • Jul 26, 2016 4:39am Jul 26, 2016 4:39am
By looking at those posts it looks like he is mostly trading corrections. And trading corrections BB works good for top&bot hits.


He also uses something more for jumping in when he see momentum. Break of line or something like that.
  • #16
  • Jul 26, 2016 7:12am Jul 26, 2016 7:12am
http://www.trade2win.com/boards/disc...one-month.html
  • #17
  • Jul 26, 2016 11:47am Jul 26, 2016 11:47am
hi
as i am a manual trader and i hate ea even i can write good codes, but the system hs is using not manual
it is ea

i will mention here what i saw from dwgs

no spread !!
zero spread


it is automatic trading not manual

there is a pattern clear, sell from top and buy from bottom
so his system can analies the location of the top in a very accurate sense at which none human can do it in 10 sec.

it is again like binary system

one trade each time

in the same candle one trade and in 20 candles one trade


i am sure he is using somehting called BOX-GRID STRATEGY

but the amazing thing here is that this strategy is lagging at least 4 bars but if he is using 10 sec chart then 40 sec lagging is small so i am sure that the box size is less than 50 points in a reversal bas of 4 at most


wow


great ea he has.....
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #18
  • Jul 26, 2016 3:11pm Jul 26, 2016 3:11pm
Quote
hi as i am a manual trader and i hate ea even i can write good codes, but the system hs is using not manual it is ea i will mention here what i saw from dwgs no spread !! zero spread it is automatic trading not manual there is a pattern clear, sell from top and buy from bottom so his system can analies the location of the top in a very accurate sense at which none human can do it in 10 sec.

Quote
it is again like binary system one trade each time in the same candle one trade and in 20 candles one trade i am sure he is using somehting called BOX-GRID STRATEGY but the amazing thing here is that this strategy is lagging at least 4 bars but if he is using 10 sec chart then 40 sec lagging is small so i am sure that the box size is less than 50 points in a reversal bas of 4 at most wow great ea he has.....
____ ==


http://www.investopedia.com/terms/s/spread.asp
Attached Image
The only winner is the one who survive the longest...
  • #19
  • Jul 26, 2016 9:25pm Jul 26, 2016 9:25pm
if i had to guess i would say its arbitrage, i know some traders who made scandalous amount of money with that and news trading back in the late 2000
sadly its not possible to do that anymore
i lose money for a living
  • #20
  • Jul 26, 2016 11:15pm Jul 26, 2016 11:15pm
Quoting kinspk
{quote} {quote} ____ == http://www.investopedia.com/terms/s/spread.asp {image}
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
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