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$40 to $1000 Challenge
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JaniceLiu

Member Since Dec 30, 2019  14 posts JaniceLiu Jan 15 at 03:14
This kind of challenge indeed motivates traders to trade more, however, $40-$1000, which is a quite wild range for beginners. That would be a disaster.

MrBobr

Member Since Sep 06, 2015  8 posts MrBobr Jan 15 at 04:45
Nasrul_Swing posted:
Good luck. I have tried and feel stress did this, from $70 and when it hit 1,000% gain, I loss it all.
So, no more trading challenge, because for me it did not give any benefit.
Better trade with wise money management, accept the losses, and slowly build up portfolio. Later, investors will come if you need this :)
How to increase the score by 1000 times. I managed to go almost half the way to this goal. The result for four months was increased by 28 times. It remains to increase the score by another 35 times and the goal would be achieved. After all, it is so attractive, I opened an account in the account of $ 10 and in a year you have $ 10,000.
Attachments:

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REB_FX

Member Since Feb 08, 2019  33 posts Rachel (REB_FX) Jan 15 at 13:16
$40 . . . . . thats no easy challenge!

Marketmultitool

Member Since Dec 19, 2019  46 posts Marketmultitool Jan 15 at 13:43
I opened an account years ago on pepperstone using their bonus and made 200 from their 20 ,before I started working in Finance
10 to 1000 is almost impossible 100 to 1000 is possible.

Strength and honor.
MrBobr

Member Since Sep 06, 2015  8 posts MrBobr Jan 15 at 14:50
REB_FX posted:
$40 . . . . . thats no easy challenge!
In 4 months I went almost half the way to increase the bill by 1000 times. Try to repeat the result. The system is working fine. When working with such risks, imagine opening a deal with a risk of 300-500% of the deposit, the spread immediately reduced the deposit by 10%. The course went only 10-15 points against the deal and already a drawdown of 50% of the initial deposit. This was my second attempt. From the first, I increased the score 20 times, I could no longer. Although before starting this venture, I tested the system on the strategy tester, everything turned out easily. But with real money it’s more difficult. Monitoring the account of the first attempt.
 The whole problem is in psychology. When you work with such risks, the account goes on for seconds to manage to close a losing trade. Indeed, with the risks of a transaction 100-500% of the deposit, a couple of seconds and 20-25 points of movement against the transaction are enough to reset the account. Second Attempt Report
Gross Profit: 423.21 Gross Loss: 151.95 Total Net Profit: 271.26
Profit Factor: 2.79 Expected Payoff: 0.95
Absolute Drawdown: 1.34 Maximal Drawdown: 32.46 (24.79%) Relative Drawdown: 55.11% (10.63)

Total Trades: 285 Short Positions (won %): 137 (73.72%) Long Positions (won %): 148 (66.89%)
Profit Trades (% of total): 200 (70.18%) Loss trades (% of total): 85 (29.82%)
Largest profit trade: 13.00 loss trade: -15.80
Average profit trade: 2.12 loss trade: -1.79
Maximum consecutive wins ($): 18 (63.18) consecutive losses ($): 12 (-10.63)
Maximal consecutive profit (count): 63.18 (18) consecutive loss (count): -31.50 (5)
Average consecutive wins: 5 consecutive losses: 2

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MrBobr

Member Since Sep 06, 2015  8 posts MrBobr Jan 15 at 14:55
Marketmultitool posted:
I opened an account years ago on pepperstone using their bonus and made 200 from their 20 ,before I started working in Finance
10 to 1000 is almost impossible 100 to 1000 is possible.
But I twice easily increased the score 20-28 times in 4 months. I posted in the post above. But the whole problem, played too much. Need a risk manager. And 1000 times is not the limit. The system works fine, Psychology is in the way.

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ufotech

Member Since Jan 05, 2020  19 posts ufotech (ufotech) Jan 15 at 19:06
MrBobr posted:
REB_FX posted:
$40 . . . . . thats no easy challenge!
In 4 months I went almost half the way to increase the bill by 1000 times. Try to repeat the result. The system is working fine. When working with such risks, imagine opening a deal with a risk of 300-500% of the deposit, the spread immediately reduced the deposit by 10%. The course went only 10-15 points against the deal and already a drawdown of 50% of the initial deposit. This was my second attempt. From the first, I increased the score 20 times, I could no longer. Although before starting this venture, I tested the system on the strategy tester, everything turned out easily. But with real money it’s more difficult. Monitoring the account of the first attempt.
 The whole problem is in psychology. When you work with such risks, the account goes on for seconds to manage to close a losing trade. Indeed, with the risks of a transaction 100-500% of the deposit, a couple of seconds and 20-25 points of movement against the transaction are enough to reset the account. Second Attempt Report
Gross Profit: 423.21 Gross Loss: 151.95 Total Net Profit: 271.26
Profit Factor: 2.79 Expected Payoff: 0.95
Absolute Drawdown: 1.34 Maximal Drawdown: 32.46 (24.79%) Relative Drawdown: 55.11% (10.63)

Total Trades: 285 Short Positions (won %): 137 (73.72%) Long Positions (won %): 148 (66.89%)
Profit Trades (% of total): 200 (70.18%) Loss trades (% of total): 85 (29.82%)
Largest profit trade: 13.00 loss trade: -15.80
Average profit trade: 2.12 loss trade: -1.79
Maximum consecutive wins ($): 18 (63.18) consecutive losses ($): 12 (-10.63)
Maximal consecutive profit (count): 63.18 (18) consecutive loss (count): -31.50 (5)
Average consecutive wins: 5 consecutive losses: 2



Please post your MyFXBook stats page link to the Live account you are using for the $40 to $1000 challenge.

If you want to be profitable, make profitable trades.
MrBobr

Member Since Sep 06, 2015  8 posts MrBobr Jan 16 at 04:13
ufotech posted:


Please post your MyFXBook stats page link to the Live account you are using for the $40 to $1000 challenge.

  Here is the monitoring of my first attempt to disperse the score. On the first attempt, it was possible to increase the account from $ 1-$ 20 for 4 months. But then he played too much and merged. Psychology got in the way. On the second attempt, it was possible to increase the score by 28 times in 4 months. But just played too and merged. I did not monitor this account. There is a report on my trade.

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fancydandy

Member Since Oct 09, 2019  23 posts fancydandy Jan 18 at 08:56
That is an interesting challenge, gonna keep checking out in this thread.

Gabor33

Member Since Dec 09, 2016  45 posts Gabor33 Jan 22 at 07:10
Did not last very long

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