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$10,000 Profit a Month Personal Challenge

  • #101
  • Dec 28, 2016 10:11am Dec 28, 2016 10:11am
Quoting DAX-Trader
Nice results. I am also specializing in mechanical trading. I assume that before you start using EA on real accounts you make backtests. One more question about DD and deposit: How big DD (in %) you expect on beginning?
Yes I have prior live account results from last few years so I know drawdown around 2500 pips on intra day trader. Basically would wipe out a 5k account at 20k lots but would be quite rare event. If it would have happened then I would have topped up again with 5k.

So 5k more than enough to trade 20k lots under normal running mode.
As I mention...I only keep on deposit what I need at broker. I dont like having 6 figure sums at broker. Too many things.to go wrong. Look at alpari...look at CHF unpeg.....black swan events are regular in this industry. When I get to sizeable amount I take out.
  • #102
  • Dec 28, 2016 10:13am Dec 28, 2016 10:13am
Quoting kraven
Dax can you answer this for me. you trade certain EA's on certain pairs at different times. for example you might trade EuroChf with a certain EA only during the Asian session. surely then you will be face with many occasions where you have open trades running (EChf trade opened just before close of asian session when you are about to turn off EA). Am I correct? what do you do? Thanks and good luck.
Yes it possible but I let ea run then into Eur session. If it goes for me then good. If not then stop loss or close at loss. Not possible to win every session unfortunately
  • #103
  • Dec 28, 2016 11:27am Dec 28, 2016 11:27am
out of your 5 accounts, i only see account 4 is losing money,

Care to explain why is that? And what system/rules is it using?
  • #104
  • Dec 28, 2016 11:39am Dec 28, 2016 11:39am
Quoting CrocodileRex
out of your 5 accounts, i only see account 4 is losing money, Care to explain why is that? And what system/rules is it using?
Not every horse wins every race everytime.
Think of it as a portfolio of stocks. This month apple did better than Google.......
Next month Google do better than apple.
It wasn't account 4 month. No reason. Next month you might ask me why account 4 was great and account 1 was bad....
This is how diversification works.
  • #105
  • Dec 28, 2016 1:03pm Dec 28, 2016 1:03pm
The chicken have come home to roost.
100% KENYAN.
  • #106
  • Dec 29, 2016 1:36am Dec 29, 2016 1:36am
Quoting dax30
{quote} Not every horse wins every race everytime. Think of it as a portfolio of stocks. This month apple did better than Google....... Next month Google do better than apple. It wasn't account 4 month. No reason. Next month you might ask me why account 4 was great and account 1 was bad.... This is how diversification works.
Thanks for the explanation. Mind if i ask, how much risk are you risking on each account maximum? Do you follow your risk management every time you enter a trade or there is some adjustment when you see things are not right?
  • #107
  • Dec 29, 2016 3:49am Dec 29, 2016 3:49am
OP is a goof ball, always talks about last years accounts and previous accounts and says hell show us but never did.... if youve been on FF long enough you would have seen this movie reply itself many times over, they have been many people like OP joining community, they all start great with beautiful results, couple of months later they are met with the same fate, happens all the time.. FF members never learn
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #108
  • Dec 29, 2016 3:53am Dec 29, 2016 3:53am
Quoting Soros
OP is a goof ball, always talks about last years accounts and previous accounts and says hell show us but never did.... if youve been on FF long enough you would have seen this movie reply itself many times over, they have been many people like OP joining community, they all start great with beautiful results, couple of months later they are met with the same fate, happens all the time.. FF members never learn
Attached Image


Now try little introspection. Why you wrote this message? Maybe envy? Maybe your mind is under influence of other emotions? You don't know the future. FF is not the only place. There are traders with profits year after year. Not many, maybe OP is one of them. World would be better place if we would be more at least neutral and not grumpy old farts.
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #109
  • Dec 29, 2016 4:25am Dec 29, 2016 4:25am
Thank you for starting this thread Dax30.

It's good of you to show your results and I accept your reasons for doing so. Keep up the good work and I look forward to watching your progress over the coming months

You've inspired me to continue trading

Happy New Year to you
  • #110
  • Edited 7:13am Dec 29, 2016 7:00am | Edited 7:13am
Quoting Soros
OP is a goof ball, always talks about last years accounts and previous accounts and says hell show us but never did.... if youve been on FF long enough you would have seen this movie reply itself many times over, they have been many people like OP joining community, they all start great with beautiful results, couple of months later they are met with the same fate, happens all the time.. FF members never learn
There is always one. Another keyboard warrior with no Trade explorer whose jealously has resulted in playground name calling.
It is people like you who deter proper pros from coming here to FF...people always wonder why no pros are posting here.....cos they just get deflamed all the time.
I dont need to come here.
I dont need to get called names.
I didnt ask you for your opinion.
Anyway i named the link after you, so now you have at least something in your pityful life to hold onto.
Withdrawals of $1.3M. Maybe I made it up and own pepperstone?
Withdrawal = deposit as I harvested profit from all accounts to one account for withdrawal purposes.
http://www.myfxbook.com/members/daxt...lsoros/1912178

  1. http://assets.forexfactory.net/nfs/c...ar289531_5.gif Soros
  2. Joined Sep 2012 | Status: Member | 735 Posts

"""pepperstone is currently the best broker out there, the most honest and reliable... however if i was in OP's shoes i would have probably acted the same way, so i cant judge him nor can i say anything bad, OP take the money they offered and carry on with life.."""""

Maybe he will believe??

  • #111
  • Dec 29, 2016 8:15am Dec 29, 2016 8:15am
Quoting dax30
{quote} There is always one. Another keyboard warrior with no Trade explorer whose jealously has resulted in playground name calling. It is people like you who deter proper pros from coming here to FF...people always wonder why no pros are posting here.....cos they just get deflamed all the time. I dont need to come here. I dont need to get called names. I didnt ask you for your opinion. Anyway i named the link after you, so now you have at least something in your pityful life to hold onto. Withdrawals of $1.3M. Maybe I made it up and own pepperstone?...



Great job Sir!
  • #112
  • Dec 29, 2016 9:07am Dec 29, 2016 9:07am
Good job, Dax30
Subscribed...
  • #113
  • Dec 29, 2016 9:08am Dec 29, 2016 9:08am
I put Soros on my ignored lists so I won't see his negative opinions again in my life.
Dax30, you have inspired me to trade better. Thank you for your this wonderful journal!!
  • #114
  • Dec 29, 2016 9:40am Dec 29, 2016 9:40am
Hi guys.
During today I have been abused and accused by different members.
I didn't come here to sell anything or start a war or words.
I have always been pleasant..transparent and open.
I find myself now in a position that I hope wouldn't happen but did...getting lambasted for nothing.
I will keep my trade explorers open but this will be my last thread post.
Sorry it had to end this way but some morons have ruined it for everyone else.
Send me a PM if you want to contact me.
  • #115
  • Dec 29, 2016 10:43am Dec 29, 2016 10:43am
Quoting dax30
Hi guys. During today I have been abused and accused by different members. I didn't come here to sell anything or start a war or words. I have always been pleasant..transparent and open. I find myself now in a position that I hope wouldn't happen but did...getting lambasted for nothing. I will keep my trade explorers open but this will be my last thread post. Sorry it had to end this way but some morons have ruined it for everyone else. Send me a PM if you want to contact me.
come on bro, you know there are some coward assholes that need to make his mark. By you ignoring this thread, you're succumbing to those antics.

Kind of like a terrorist attack. he terrorized your thread, now you gonna react by doing what he intended?

keep posting...and just ignore this sad miserable sorry excuse of a guy..
  • #116
  • Dec 29, 2016 10:51am Dec 29, 2016 10:51am
Yea guys, I've got this new EA that's making about 10k a month, but i don't really want to talk about it. So i started a thread, because i don't really want to talk about it.

Oh look, I've been attacked. I'm going to leave now. I don't really want to talk about it. PM me if you want to not talk to me about it too.




Wake up people!
  • #117
  • Dec 29, 2016 11:00am Dec 29, 2016 11:00am
Brixton - I added you on my ignored list too. Another negative person trying to ruining other's life.
  • #118
  • Dec 29, 2016 11:48am Dec 29, 2016 11:48am
Quoting Brixton
Yea guys, I've got this new EA that's making about 10k a month, but i don't really want to talk about it. So i started a thread, because i don't really want to talk about it. Oh look, I've been attacked. I'm going to leave now. I don't really want to talk about it. PM me if you want to not talk to me about it too. Wake up people!
 
The purpose of this journal to keep track of my accounts and hoping to demonstrate that its possible to take home a monthly income from forex over a certain period.
 
Did you even read the first post?
 
There are so many threads with people arguing that making a living out of forex it's impossible or that only .5%-1% a month like hedge funds is realistic. Dax is only here to show that it is possible ... So why are you so bitter about him not sharing the ea.
 
 
Dragon Rider
  • #119
  • Dec 30, 2016 3:20am Dec 30, 2016 3:20am
Quoting dax30
Hi guys. During today I have been abused and accused by different members. I didn't come here to sell anything or start a war or words. I have always been pleasant..transparent and open. I find myself now in a position that I hope wouldn't happen but did...getting lambasted for nothing. I will keep my trade explorers open but this will be my last thread post. Sorry it had to end this way but some morons have ruined it for everyone else. Send me a PM if you want to contact me.
Hater's gonna hate..
Just keep doing positive things, and ignore those childish crybabies
  • #120
  • Dec 30, 2016 3:47am Dec 30, 2016 3:47am
Quoting dax30
I have always been pleasant..transparent and open
hey Dax , come back to the thread and keep up the good job

just one thing - don't hide

  1. Balance:
  2. Unrealized:
  3. Equity:

- Lots
- Profit
- Stop
- Target

from your TE , otherwise this will limit your transparency and raise criticism

Just do this and keep up the good job like you were doing before and the haters will fade away by themselves

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