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The impossible idea

  • #1
  • First Post: Edited Sep 15, 2016 12:17pm Aug 18, 2016 2:56am | Edited Sep 15, 2016 12:17pm
I have been trading FX on and off for about 10 years. I fell into every trap possible. I feel confident enough to try a little impossible mission. You can laugh as much as you want to

Idea is to start with only 10 EUR and trade it up to as much as possible. If every trade would bring on 1% then you need 1170 trades to reach 1M (not including losses). It's about impossible. But let us have fun with it.

Preferred pair is GBP/JPY as it has acceptable volatility, but I will consider other pairs. There will not be trades every day. The preferred trading method is contrarian based on statistical arbitrage. No further explanation of the method will be done.
------------------
Try number 1: Blown (after max run up to about 280 %)
Try number 2: Blown. I went to some 150% profit.
Try number 3: Looking good... starts here: http://www.forexfactory.com/showthre...34#post9142034
  • #2
  • Aug 18, 2016 3:04am Aug 18, 2016 3:04am
How did I end up in Trading discussion? Admin, whoever it is, please move this Thread to Trading Journals.
  • #3
  • Aug 18, 2016 5:00am Aug 18, 2016 5:00am
I love your idea! Would you mind sharing your trading system?
  • #4
  • Aug 18, 2016 5:08am Aug 18, 2016 5:08am
Quoting surfac
I love your idea! Would you mind sharing your trading system?
Like I said "The preferred trading method is contrarian based on statistical arbitrage. No further explanation of the method will be done."

If my experiment will work out and I reach the goal I might reveal everything. On top of that it is a set of conflicting strategies, so reverse engineering of my trades will not work. Sometimes I go with the trend, sometimes against it. Sometimes I trade with tight stop loss sometimes there is not stop loss. etc...
  • #5
  • Aug 18, 2016 5:25am Aug 18, 2016 5:25am
Quoting IndigoPingvi
I have been trading FX on and off for about 10 years. I fell into every trap possible. I feel confident enough to try a little impossible mission. You can laugh as much as you want to Idea is to start with only 10 EUR and trade it up to as much as possible. If every trade would bring on 1% then you need 1170 trades to reach 1M (not including losses). It's about impossible. But let us have fun with it. Preferred pair is GBP/JPY as it has acceptable volatility, but I will consider other pairs. There will not be trades every day. The preferred trading...
Well nothing is impossible . Go ahead. Everywhere we see MM, low risk trading etc etc but as long as you're profitable No panic, No worry. Forex isn't quick rich game ----------True. But George Sores made 1 billion selling cable in 1992 within 24 hours. Imagine his Risk appetite. If trade would reverse ..Then No Soros today Agree or Not?

Grow your account substantially and enjoy. Enjoy money I'm with you.

P.S :- The_Last_Account your TE name , why? I checked you deleted 2 TE before. Blown?
Created Explorer (later deleted) Philadelphia experiment Nov 7, 2013
Created Explorer (later deleted) Indigo_experiment Oct 5, 2013
Never Gamble Forex
  • #6
  • Aug 18, 2016 5:31am Aug 18, 2016 5:31am
Quoting IndigoPingvi
I have been trading FX on and off for about 10 years. I fell into every trap possible. I feel confident enough to try a little impossible mission. You can laugh as much as you want to Idea is to start with only 10 EUR and trade it up to as much as possible. If every trade would bring on 1% then you need 1170 trades to reach 1M (not including losses). It's about impossible. But let us have fun with it. Preferred pair is GBP/JPY as it has acceptable volatility, but I will consider other pairs. There will not be trades every day. The preferred trading...
i have a few accounts... one of which i started with £12 from an account i had when i first started trading... I'm doing alright on it, drawdown and risk is higher because its almost impossible to risk 1-3% and the amount is small so I'm not bothered about losing it, takes 2000 pips on this account to wipe my account if i don't use a stop so my MM is good... its not impossible
  • #7
  • Aug 18, 2016 6:07am Aug 18, 2016 6:07am
Quoting yesyoucan
{quote} Well nothing is impossible . Go ahead. Everywhere we see MM, low risk trading etc etc but as long as you're profitable No panic, No worry. Forex isn't quick rich game ----------True. But George Sores made 1 billion selling cable in 1992 within 24 hours. Imagine his Risk appetite. If trade would reverse ..Then No Soros today Agree or Not? Grow your account substantially and enjoy. Enjoy money I'm with you. P.S :- The_Last_Account your TE name , why? I checked you deleted 2 TE before. Blown? Created Explorer (later deleted) Philadelphia...
Phu, so many questions, I just wanted it to be a Trading journal... Yes, blown many accounts, it is a reality for someone that starts learning from scratch, buys robots, is following signals etc. It is a part of learning process. Paying tuition to the market. I did not have any economy classes in my carer...
Soros? That's a whole different game.
  • #8
  • Aug 18, 2016 6:30am Aug 18, 2016 6:30am
Quoting IndigoPingvi
{quote} Phu, so many questions, I just wanted it to be a Trading journal... Yes, blown many accounts, it is a reality for someone that starts learning from scratch, buys robots, is following signals etc. It is a part of learning process. Paying tuition to the market. I did not have any economy classes in my carer... Soros? That's a whole different game.
Aww. So did all in 10 years Pheww.
Never Gamble Forex
  • #9
  • Aug 18, 2016 6:32am Aug 18, 2016 6:32am
Quoting yesyoucan
{quote} Aww. So did all in 10 years Pheww.
LOL, I am not a rich men, I didn't blown a lot of money. Can we stay focused here
  • #10
  • Aug 18, 2016 8:01pm Aug 18, 2016 8:01pm
LOL, 1€ is 2.9% return. I like it!!
  • #11
  • Aug 19, 2016 5:30am Aug 19, 2016 5:30am
1 st week wrap up...
10 trades, last 5 trades were not executed according to the main plan. 3 of those were brake even. Market gave me opportunity to close all in green but I decided to take a risk.
Current status of equity/balance: 29 EUR or 180% increase for the first week.

If equity would be bigger and this would not be Friday I would leave trades open.
  • #12
  • Aug 20, 2016 3:08am Aug 20, 2016 3:08am
How easily it is for the market to turn around. Should I have played my preferred method I would be in lots of green. But nevertheless GBP shorts are at record high. I expect GBPJPY to fall next week, or even to open with the gap down. Pix is from Forexlive.
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  • #13
  • Aug 21, 2016 9:59pm Aug 21, 2016 9:59pm
Quoting IndigoPingvi
How easily it is for the market to turn around. Should I have played my preferred method I would be in lots of green. But nevertheless GBP shorts are at record high. I expect GBPJPY to fall next week, or even to open with the gap down. Pix is from Forexlive. {image}

You have a good chart, many green pips to you.
  • #14
  • Aug 21, 2016 11:24pm Aug 21, 2016 11:24pm
Quoting Cm7
{quote} You have a good chart, many green pips to you.
The chart is nice but apparently meaningless.

The top of the triangle is 131.66, if price continue to rise it will brake the triangle formation and most probably continue to rise. In that case I am toast.
  • #15
  • Aug 28, 2016 3:59am Aug 28, 2016 3:59am
Blown. Sandwich money went down the drain. Reloaded with 10 EUR. I missed the weekly projection by 14 pips. Kuroda will help I am sure pushing price a bit higher...
http://news.forexlive.com/!/kuroda-a...ation-20160828
  • #16
  • Sep 15, 2016 12:14pm Sep 15, 2016 12:14pm
Try number 2: blown. I went to some 150% profit. Over leveraged and bad entry, not according to the plan.

I had to rethink MM. Made a new plan. New deposit is 100 EUR. Account increase projection is between 10-24% per week. Goal is 1% per trade/25 pips approximately.

Week one on the 3rd account: + 99% (capital 200 EUR, 490 pips neto, in 24 trades)
Week two on the 3rd account: + 24% (capital 248 EUR, 434+ pips neto, in 23 trades)
Cumulative: 146 %, 47 trades - no lost trade

100 EUR base capital with 24% per month would give 1M+ in one year. Fantasy, but I'll try it.
100 EUR base capital with 10-11% per month would give 1M+ in two years. Another fantasy
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  • #17
  • Sep 20, 2016 10:50pm Sep 20, 2016 10:50pm
Due to work obligations and tiredness no more trading for me this week. Objective for this week reached anyway.
End of the week results:

Starting Capital for the 3rd account: 100 EUR
Week 1 on the 3rd account: + 99% (capital 200 EUR, 490 pips neto this week, in 24 trades)
Week 2 on the 3rd account: + 24% (capital 248 EUR, 434+ pips neto this week, in 23 trades)
Week 3 on the 3rd account + 25% (capital now: 311 EUR, 667 pips neto this week, in 21 trades)

I am ahead of my plan for 3-4 weeks, according to projection current capital would be reached in 115 trades, but I made it in 68. Zero lost trades so far I need to calm down and relax...
Attached Image (click to enlarge)
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  • #18
  • Sep 21, 2016 1:10pm Sep 21, 2016 1:10pm
After GBPJPY fell 260-280 pips I got interested in a tiny long position. 3 trades all green. I am sure price will go up, but according to my plan this is the level I took the trades out. So stats for the 3rd week are: +29% (capital now: 321 EUR, 767 pips neto this week, in 24 trades.
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  • #19
  • Sep 23, 2016 2:25pm Sep 23, 2016 2:25pm
I prepared some trades for the next week, but price went against me. Since I am confident about direction, but not the entry level I opened a few more trades. Trades in green are closed. End of the third week new stats:
Week 3 on the 3rd account + 32% (capital now: 328 EUR, 854 pips neto this week, in 27 trades)
  • #20
  • Sep 28, 2016 10:17pm Sep 28, 2016 10:17pm
Starting Capital for the 3rd account: 100 EUR
Week 1 on the 3rd account: + 99% (capital 200 EUR, 490 pips neto this week, in 24 trades)
Week 2 on the 3rd account: + 24% (capital 248 EUR, 434+ pips neto this week, in 23 trades)
Week 3 on the 3rd account: + 32% (capital now: 328 EUR, 854 pips neto this week, in 27 trades)
Week 4 on the 3rd account + 30% (capital now: 427 EUR, 1116 pips neto this week, in 24 trades). All trades are closed.

Cummulative profit for month 1 is: 324%,
2893 neto pips in 98 trades - no lost trade so far.
Average trade pips is 30.2, average winning trade + 1.2%, 64% time in trade average trade duration is 15h.

I over-laveraged in the last set of trades. I was sure about the direction but got in with a set of trades NOT spaced far enough. There was no panic, marked went into some 15% draw dawn on equity, still I didn't feel comfortable. I need to fix that.
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