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$40 to $1000 Challenge
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togr

Member Since Feb 22, 2011  4592 posts vontogr (togr) Jan 31 at 14:15
DtraderB posted:
ufotech posted:
If you're going to participate then you need to post up a LIVE account showing a $40.00 starting account balance.
 
Post your myfxbook fully validated account stats page here.



Hi,

I'm new here.

I start a live account with 30$ last june when I managed to blow it in last then a month.

Then I started a new one and double it in 3 months.

Now in december I started a new one with another 30$ and managed it to go up to almost 800$

I have doubled account during 24 hours
and what?
Unlike you I have verified record of that here on MFB

I like what I trade, I trade what I like
DtraderB

Member Since Jan 29, 2020  10 posts DtraderB Feb 04 at 04:06
Marketmultitool posted:
Gabor33 posted:
DtraderB posted:
ufotech posted:
If you're going to participate then you need to post up a LIVE account showing a $40.00 starting account balance.
 
Post your myfxbook fully validated account stats page here.



Hi,

I'm new here.

I start a live account with 30$ last june when I managed to blow it in last then a month.

Then I started a new one and double it in 3 months.

Now in december I started a new one with another 30$ and managed it to go up to almost 800$


Can we see the above said account?
Just telling us doesnt really count...



Pepperstone used to have a bonus starting account ,no deposit required I used to make nice profits on Binary scalping most I made in one day was 250 Euro ,broker rang me and asked how I did it lol ,had to close it before working in City.Fun times before all the regulations.


I've started some accounts with no deposit bonus. FBS is really hard to get, as they require us to trade 5 lot, 0.05 per time. I managed to doouble to initial 100$ over 90 days. It is really fun to trade with bonuses, instead of demo accounts..

DtraderB

Member Since Jan 29, 2020  10 posts DtraderB Feb 04 at 19:09
Gabor33 posted:
DtraderB posted:
ufotech posted:
If you're going to participate then you need to post up a LIVE account showing a $40.00 starting account balance.
 
Post your myfxbook fully validated account stats page here.



Hi,

I'm new here.

I start a live account with 30$ last june when I managed to blow it in last then a month.

Then I started a new one and double it in 3 months.

Now in december I started a new one with another 30$ and managed it to go up to almost 800$


Can we see the above said account?
Just telling us doesnt really count...


@Gabor33 you can see the link to my mql5 on the description of my account. I'm not bragging, I only interested in studying and discuss the possibilies of doing it again. The account stared with 30$ I'm 900$ plus in profits.

ufotech

Member Since Jan 05, 2020  29 posts ufotech (ufotech) Feb 04 at 22:28
DtraderB posted:
I've started some accounts with no deposit bonus. FBS is really hard to get, as they require us to trade 5 lot, 0.05 per time. I managed to doouble to initial 100$ over 90 days. It is really fun to trade with bonuses, instead of demo accounts..


Irrelevant information though, because that isn't what the discussion is about.

The discussion is: $40 to $1000 Challenge

If you feel you can do it, then please feel free to open a LIVE account with a simple $40.00 USD starting deposit.

Using a deposit bonus isn't the same thing as putting $40.00 USD of your own money into a trading account.

Using a $100.00 bonus with your $40.00 USD Deposit would give you a starting balance of $140.00 in total with the bonus.

Once you create the live account showing a $40.00 USD deposit (no deposit bonus or other such nonsense), then you will need to create a MyFXBook fully validated stats page for the account, and post it here for everyone else to view.

Open all the statistics data for the account so everyone can see the account results.

Numerous people SAY they can do it, or that they've done it, or some other nonsense.

The reality of the situation however, is that very few people can actually complete this kind of challenge successfully, and then when they fail, they blame it on the markets or some other nonsense.




If you want to be profitable, make profitable trades.
Gabor33

Member Since Dec 09, 2016  49 posts Gabor33 Feb 05 at 07:07
ufotech posted:
If you're going to participate then you need to post up a LIVE account showing a $40.00 starting account balance.
 
Post your myfxbook fully validated account stats page here.



Are you gonna participate?

BluePanther

Member Since Jan 25, 2010  1299 posts Matt (BluePanther) Feb 05 at 10:24
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


Your story is inspiring sir!

I will submit that have exceeded this challenge (in relative terms), by my performance in 2018 of 800% on CHFSGD and 1000% on EURTRY: I began with $50,000 and accumulated over $13,000,000.
That is equivalent to starting with $40 and finishing with over $10,000!
($50,000 / $40 = 1250. $13,000,000 / 1250 = $10,400)

The elusive Holy Grail to which we all (including me) continue to aspire... it is certainly most difficult to achieve without exceptional market conditions!



Timestamp: 06:24am Feb 5, 2020
Attachments:

Marketmultitool

Member Since Dec 19, 2019  61 posts Marketmultitool Feb 05 at 12:47
Most EU accounts have a starting min of 100 unless its a cent account ,even 100 euro is difficult unless you got experience ,plus leverage is a factor for beginner accounts.

Strength and honor.
DtraderB

Member Since Jan 29, 2020  10 posts DtraderB Feb 05 at 16:37
Gabor33 posted:
ufotech posted:
If you're going to participate then you need to post up a LIVE account showing a $40.00 starting account balance.
 
Post your myfxbook fully validated account stats page here.



Are you gonna participate?


Here is the account:



Can you see it?

I've no intention to win the 'challange'. I only saying it os possible. As I said i'm new here, I'm only confortable using MQL5, the account can be checked throw the link I posted here and is on my description, I'm not selling signal or any thing...
Attachments:

DtraderB

Member Since Jan 29, 2020  10 posts DtraderB Feb 05 at 16:46
ufotech posted:
DtraderB posted:
I've started some accounts with no deposit bonus. FBS is really hard to get, as they require us to trade 5 lot, 0.05 per time. I managed to doouble to initial 100$ over 90 days. It is really fun to trade with bonuses, instead of demo accounts..


Irrelevant information though, because that isn't what the discussion is about.

The discussion is: $40 to $1000 Challenge

If you feel you can do it, then please feel free to open a LIVE account with a simple $40.00 USD starting deposit.

Using a deposit bonus isn't the same thing as putting $40.00 USD of your own money into a trading account.

Using a $100.00 bonus with your $40.00 USD Deposit would give you a starting balance of $140.00 in total with the bonus.

Once you create the live account showing a $40.00 USD deposit (no deposit bonus or other such nonsense), then you will need to create a MyFXBook fully validated stats page for the account, and post it here for everyone else to view.

Open all the statistics data for the account so everyone can see the account results.

Numerous people SAY they can do it, or that they've done it, or some other nonsense.

The reality of the situation however, is that very few people can actually complete this kind of challenge successfully, and then when they fail, they blame it on the markets or some other nonsense.





I dont know why you are so skeptical. I've already done it. Check my MQL5 the 'prove' is there. My point is if something seems impossible to you, it doesnt mean it impossible to another...

ufotech

Member Since Jan 05, 2020  29 posts ufotech (ufotech) Feb 06 at 00:09
Gabor33 posted:
ufotech posted:
If you're going to participate then you need to post up a LIVE account showing a $40.00 starting account balance.
 
Post your myfxbook fully validated account stats page here.



Are you gonna participate?


No because it is an unrealistic challenge.

If you want to be profitable, make profitable trades.
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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. Past performance is not indicative of future results.