BluePanther's profile

Forex is the quickest way to become rich. Forex is also the quickest way to become poor.

Loss of 10% requires a gain of 11.11% to recover
Loss of 20% requires a gain of 25% to recover
Loss of 30% requires a gain of 42.86% to recover
Loss of 40% requires a gain of 66.67% to recover
Loss of 50% requires a gain of 100% to recover.

The odds are stacked against everyone. Harder to gain than to lose (before considering broker commissions and VPS costs)


Worked hard since 2003. Started with one FT job, added two more JOBs (Just Over Broke).

Worked hard at three jobs since 2006. Averaged 80+ hours per week (some weeks I managed 110+ hours). Raced between jobs on a scooter, sometimes enduring 20 hour work days on occasion (my Personal Best was two weeks in a row, 8 hours one job, 12 hours at the other).

Slowed down late 2012. Lack of sleep caused me to suffer: fatigue, stress, sleeping difficulties, skin problems, and increased heart rate (constant adrenaline). I am working one job FT, but I keep the other two on a casual basis for an extra odd shift now and again.

2004 - 2012: Wasted perhaps $100k on seminar materials including: Dymphna Boholt, Carly Crutchfield, Massland, Daniel Kertscher, Rick Otton, Sharelord, and many others. I was hoping to learn something which would assist me to achieve financial freedom, but I have only spent lots of money and not attempted anything. Good materials though.

2006 - Wasted about $50,000: I attempted a vending machine business, but didn't try hard enough. Machines $40k (sold for $100), car $14k (sold for $4k).

2007 - Viva Properties stole $25k: "debenture-like" investment secured against property:
a) initial one-year investment was successful ($35k with 10% interest), withdrew $10k and reinvested interest;
b) second investment was six months and unsuccessful ($25k with 20% interest).
Many other investors lost money, some many times more.
The company went into administration, though not before the owners bought themselves nice places in good suburbs.

2008 economic crisis - I lost $32k playing CFDs. I funded my CMC Markets account with $4000, which I turned into $32,000 in one week (Monday to Friday) on the fall of the AUDUSD (that was a cinch!). Lost the whole amount on Friday afternoon within a couple of hours whilst I was at work. Ah, the power of leverage!

2009 - Lost almost $40k: Australian Home Based Business (AHBB) - $17k lay-betting software. Well, it did work. The only problem was I lost $9k twice in a row and that was my entire account!

2011 - Lost $60k sports betting: Aussie Rules match Port Adelaide vs Gold Coast Suns. Port were paying $1.05 at the start of the 4th quarter and they were 40 points ahead. GC had never won a game yet. GC won this match by a few points.

2013 - Lost over $120k. I sold my properties (three CBD studio apartments) and invested the money in some currency accounts. The currency accounts (YANEMA with IAMFX) worked for a month, then profits were lost and performance crashed, so I moved the money elsewhere. I found two HYIPs (High Yield Investment Programs - aka Ponzi Schemes) which seemed stable and recommended by many: Profitable Sunrise (EUR35,000) and ProForex Union (US$70,000). PS went offline after a month. PFU disappeared after two months.

Currently $77,000 in debt with credit cards (ANZ $14k + ANZ $4k + Westpac $14k + BankWest $45k). I used much of the money to fund my HYIP investments, thinking they were safe. No means to recover the money - the corresponding Russian bank says the money was taken out by ATM from PFU, and no one knows where PS has gone.

I will concentrate on forex because this is the quickest (and safest) way to make gains that I know (though property options / developments are a close second but I'm too scared to try).

Life of a Loser: I have no family life, no social life, live in a sharehouse dump, have no assets, no car (learner's permit). I have consistently focused 200% of my energy to acquiring financial freedom with three JOBs before I worry about anything else. I can definitely say, I am less than satisfied with the results I have achieved thus far (what results? I have nothing to show for the last ten years of my life except a large credit card debt!).

I am not happy, and I want to stop working altogether. I want to change my life radically - I am so sick of it. I truly believe forex is the answer.

The High Definition (expectations) of my life
Trading Style:
Purely automatic expert advisors. I have attempted manual trading, but my emotions and human error predispose me to losses.

I am a strong believer that all true manual systems are distinguishable, and therefore able to be fully automated. Therefore I seek not to learn manual trading, but to find a fully automatic expert advisor that is profitable.

'Get rich or die trying' -50 Cent
Experience: More than 5 years
Vouchers: 1
Registered: Jan 25 2010 at 15:41
Name Gain Drawdown Pips Trading Leverage Type
==FXDD (closed) -254.74% 87.51% -1570.0 Mixed 1:100 Real
==Tadawul FX (closed) -75.94% 55.96% -642.0 Mixed 1:100 Real
==FXCM (closed) -91.31% 80.20% -415.6 Automated 1:200 Real
==IamFX (closed) -96.05% 86.49% -2382.9 Automated 1:400 Real
==IamFX 2b (closed) 1.37% 0.00% 15.0 Automated 1:200 Real
==IamFX 3 (closed) -9.43% 62.95% 61.0 Automated 1:400 Real
==IamFX 2a (closed) 24.88% 0.00% 0.0 Automated 1:200 Real
==IamFX-pro 2c (closed) -92.24% 95.68% -1678.3 Automated 1:400 Real
==IamFX 4 (closed) -99.36% 99.39% -304.3 Mixed 1:400 Real
==FINFX ECNPRO (closed) 12.70% 28.72% 97.4 Automated 1:200 Real
FinFX Real - 1231692 -99.89% 99.91% -5300.3 Automated 1:200 Real
== closed == 7.98% 34.99% 38.8 Automated 1:400 Real
==Total Grid (closed) -7.58% 69.14% -4930.0 Automated 1:500 Real
==GPS Robot (closed) -6.04% 6.41% -31.4 Automated 1:500 Real
==GPS Robot (closed) -3.93% 5.62% -5.6 Automated 1:500 Real
==ECN (closed) 0.00% 0.00% 0.0 Automated 1:500 Real
==Stealth FX (UMM) (closed) -97.83% 97.83% -1223.5 Automated 1:400 Real
==Crazy Monkey (UMAM) (closed) -99.90% 99.93% -1759.5 Automated 1:400 Real
==Orange EA (closed) 0.00% 0.00% 0.0 Manual 1:100 Real
==Total Grid EA (closed) 0.00% 0.00% 0.0 Automated 1:100 Real
TradeFort 1 7.30% 32.98% -4573.7 Automated 1:500 Real
==Orange EA / FX Grid Trader (closed) 30.82% 8.14% 342.6 Automated 1:888 Real
==Square of 9, Squared, SpiderWeb ProfitMaster (closed) 0.07% 0.13% 45.6 Automated 1:500 Real
ZuluTrade -17.48% 20.68% -2848.6 Automated 1:100 Real
==YANEMA / DreamPips (UMAM) (closed) 186.76% 92.22% 662.3 Automated 1:400 Real
==Main Account (USD) (closed) -82.93% 93.31% -24.9 Automated 1:400 Real
==Test 1 (closed) -99.89% 99.94% 1319.4 Automated 1:400 Real
==Test 2 (closed) -91.73% 92.86% -187.3 Automated 1:400 Real
==EMI (trade copier) (closed) 46.37% 18.76% 460.6 Automated 1:400 Real
1. Test 1 (Forex Hacked) -15.61% 68.58% -50.1 Automated 1:500 Real
3. Test 3 -99.90% 99.93% -8358.7 Mixed 1:500 Real
2. Test 2 (Matrix EA) -33.70% 52.96% -321.7 Automated 1:500 Real
==DreamPips (UMAM) (closed) -57.95% 82.22% -620.6 Automated 1:400 Real
Contest - BluePanther 37.62% 42.84% 2624.2 Automated 1:200 Demo
IC Markets Demo - 803560 -70.15% 97.79% 3890.0 Automated 1:500 Demo
Contest - BluePanther (continued) 34.12% 49.92% 1258.8 Automated 1:200 Demo
VantageFX Real - 17015 72.80% 26.96% -2013.6 Automated 1:500 Real
FX Pro 1 -99.35% 99.96% -799.0 Automated 1:500 Real
YouTrade FX 2 5.81% 7.37% 157.2 Automated 1:100 Real
Alpari RU - 5212903 36.44% 19.26% 372.1 Automated 1:500 Real
FX Pro Real - 339802 -99.39% 99.91% -1839.3 Automated 1:500 Real
Alpari UK Real - 774029 -99.88% 99.92% -538.0 Automated 1:500 Real
Alpari RU Real - 1412382 -96.18% 96.49% -1055.4 Automated 1:500 Real
FX Pro Demo - 6247838 24.67% 42.83% 4555.1 Automated 1:500 Demo
IC Markets Demo - 829538 -96.30% 98.05% -38415.3 Automated 1:500 Demo
IC Markets Demo - 831240 -99.90% 99.93% -10571.4 Automated 1:500 Demo
BOSS EA (DEMO 838917) -95.96% 98.92% -140071.9 Automated 1:500 Demo
IC MARKETS DEMO 840084 1.28% 74.91% -243751.6 Automated 1:500 Demo
TALLINEX REAL 1237907 2.75% 23.81% 8.1 Automated 1:500 Demo
FX PRO DEMO 6327824 -24.12% 27.41% -992.3 Automated 1:500 Demo
HOTFOREX REAL 116395 2.92% 4.41% -21.1 Automated 1:400 Real
PUBLIC - PGEA (DEMO 6347782) 9.07% 6.81% 38322.6 Automated 1:500 Demo
ICM (REAL 313166) -99.90% 99.96% -71891.1 Automated 1:500 Real
GFEA (DEMO 856779) -84.71% 89.25% -253095.6 Automated 1:500 Demo
ARIN vs ARIN (DEMO 850397) -99.77% 99.91% -570.8 Automated 1:500 Demo
Test Account (DEMO 861322) -68.53% 69.29% -50688.3 Automated 1:500 Demo
LMAX (DEMO 861065) -0.58% 1.05% 21.9 Automated 1:500 Demo
Arin Test (DEMO 867792) 2.21% 7.23% -3412.9 Automated 1:500 Demo
Other EAs (DEMO 863288) -61.88% 63.46% -1381.0 Automated 1:500 Demo
SIGNAL JCL Forex (REAL 402453) -4.80% 4.80% -451.6 Automated 1:500 Real
PUBLIC - TENGRI (DEMO 869409) 0.11% 0.21% 14.3 Automated 1:500 Demo
BluePanther's Feed
Hey Panther, do you have a MyFXBook GPS account in the green that you can share?
Aug 13 2013 at 03:07
Rickyv101 Very sad to see your BIO, I was on same boat using EA and beleived that backtest of EA are Key on rich, It blew up many times of my account and lose money, Recently, I quite EA, and playing with manual trading, It is a big help that I can see how price movemonet and support and resistance level, Most of my trades are winning with very low risk,
Dec 23 2013 at 16:35
BluePanther > Men succeed when they realize that their failures are the preparation for their victories. - Ralph Waldo Emerson

> The test is to recognize the mistake, admit it and correct it. To have tried to do something and failed is vastly better than to have tried to do nothing and succeeded. - Dr. Dale Turner

> Failure should be our teacher, not our undertaker. Failure is delay, not defeat. It is a temporary detour, not a dead end. Failure is something we can avoid only by saying nothing, doing nothing, and being nothing. - Dr. Denis Waitley

Dec 23 2013 at 17:57
one thing is for sure, you're not afraid to try new things.
good luck
Aug 09 2013 at 17:40
BluePanther Yes he did. You can see my demo results at "Contest - BluePanther (continued)" (the contest account was continued in a second account after the contest ended). I would agree that it seems to work quite well, however, I wouldn't say it has "low drawdown" (as you can see in my account).
Aug 27 2013 at 08:55
aeronthomas thanks Blue Panther yes 50% drawdown isn't low and that was demo account. I will give it a miss. been out of trading a few months time to take another crack
Aug 29 2013 at 04:21
Current Account Balance (27 min)
This is how big Icahn’s payoff was on Fa...(22 min ago)
EURUSD 1.34365 GBPUSD 1.69811
USDJPY 101.845 USDCAD 1.0799
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.