$1,000,000.00 Challenge (by Damon) Estadísticas rápidas
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Damon

Miembro desde May 18, 2010  129 mensajes Damon (Damon) Mar 22 2011 at 04:20
The proprietary EA (robot) that runs this account is using a custom indicator, it takes awhile for it to start as it needs to find a range to to trade, once it starts making trades it will rarely be out of the market.

Please feel free to comment and question.

Damon Hunt
http://fundsforexmanaged.com

1 pip pip banked is worth more than the rest out in the market.
Delmio

Miembro desde Apr 09, 2010  11 mensajes Dmitry (Delmio) Mar 22 2011 at 07:45
Good luck

Damon

Miembro desde May 18, 2010  129 mensajes Damon (Damon) Mar 22 2011 at 08:04
Hey Dmitry! Long time no speak ! How are things with you?

Damon

1 pip pip banked is worth more than the rest out in the market.
James_Bond

Miembro desde Jan 14, 2010  556 mensajes James_Bond Mar 22 2011 at 08:10

Damon posted:
    The proprietary EA (robot) that runs this account is using a custom indicator, it takes awhile for it to start as it needs to find a range to to trade, once it starts making trades it will rarely be out of the market.

Please feel free to comment and question.

Damon Hunt
http://fundsforexmanaged.com


What happens when the range breaks? How many trades it must make in a range to stay profitable? Does it work well in trending markets?

Damon

Miembro desde May 18, 2010  129 mensajes Damon (Damon) Mar 22 2011 at 09:34
It does not do anything when in the range, it just hangs out, when range breaks it takes a trade.

It loves a trending market, and does nothing when bangin around inside the range, it's only way to exit the buy positions is when it sells and vice versa.

The trading system is very simple and based on Nikolas Darvas's book 'How I made $2,000,000.00 in the stock market' It will pile up trades if ranges keep breaking in the same direction, you'll see. But that does not mean it is flawless, far from it. But it has made me 100% in 2 weeks live and has good although choppy back tests. The managed account is not set as heavy as my personal account. (and talk is cheap)

It's the indicator that is the amazing part, it predicts very accurately where the ranges are going to be, not where they are after it is established like other systems but where they will be... sounds crazy, but it does work very well.

I am working on a robot that will trade inside the range after this one settles in and I can take my eyes off it. But first I need to assess the different strategies that are used in a range bound markets and find the best one.

When I have that one made I will put in this account too :)

1 pip pip banked is worth more than the rest out in the market.
fxuma

Miembro desde May 06, 2010  5 mensajes fxuma Mar 22 2011 at 20:58 (editado a las Mar 22 2011 at 20:58 )
You're on my watch list!

Regards,
Marcia

The way UP is IN ...
duzyfx

Miembro desde Mar 07, 2010  257 mensajes duzyfx Mar 22 2011 at 22:34

Damon posted:
   ... But it has made me 100% in 2 weeks live ...


can you upload that 100% in 2 weeks account into your profile ?

Damon

Miembro desde May 18, 2010  129 mensajes Damon (Damon) Mar 23 2011 at 01:05
fxuma. cool :)

duzyfx. I probably could, I don't know, it would be very confusing because I'm manual trading and running a few other EAs in my account, plus I learned a valuable lesson in the middle of this 2 weeks when I left the chart that had this EA on 1 minute (instead of 1 hour) and it started making little 1 minute ranges and trading them with one hour settings. I lost 20% of my account in 10 hours. I did not know the EA re-initialized when I changed the time frame. So I would have to explain these things and it would not really be any good as proof... that's why I am doing this account. You will see the trades in due time to see if it is your cup of tea or not. Don't get too excited, for some this will be too risky for them or they will not at all like the graph, I don't even like it. I just like that it makes money and survives the hard times and does very well in the good times. Unlike Asian scalper EAs that do 'ok' in the good times and break your account in the bad times.

1 pip pip banked is worth more than the rest out in the market.
Damon

Miembro desde May 18, 2010  129 mensajes Damon (Damon) Mar 23 2011 at 01:57 (editado a las Mar 23 2011 at 01:58 )
Here is a picture (attachment) showing nearly uninterrupted trading with the EA, Those ranges it created (blue and red) were created before it bounced around inside it. You will see I manually closed the last buy, there was 3 of them, you can see how much profit the EA leaves on the table in the moves (I have not figured a way to capture that last bit of profit at the top), but because it can stack the trades up it can actually make more more pips than the whole move was, for example in back test I had one position make 400 pips out of a 300 pip move of the market because it had multiple positions on.

I know this is not what you were asking for duzyfx, but it's all I can really do.
Adjuntos:

1 pip pip banked is worth more than the rest out in the market.
Raiden

Miembro desde Nov 27, 2010  244 mensajes Raiden Mar 23 2011 at 06:48 (editado a las Mar 23 2011 at 07:08 )
To get from $300 to $1,000,000 :-

Years_Months_Monthly%gain_EffectiveAnnual%gain
1________12______96.60%_______333,233.33%
2________24______40.21%_________5,673.50%
3________36______25.27%_________1,393.80%
4________48______18.41%___________659.84%
5________60______14.48%___________406.50%
6________72______11.93%___________286.50%
7________84______10.14%___________218.62%
8________96_______8.82%___________175.65%
9_______108_______7.80%___________146.28%
10______120_______6.99%___________125.05%
11______132_______6.34%___________109.06%
12______144_______5.79%____________96.60%

The table as a milestone to know how far you are from your goal.

With aggressive settings, it would be 'reasonable' to achieve 10-20%/month consistently. Might want to increase your leverage to minimise margin exposure for the larger lots you'd need to trade. In the later years, you would also need to consider the maxlot limitation your broker may have.

All the very best!

Consistency above all.
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