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is it possible to turn $100 to $1000 in 4 weeks ? (real account)

Top Performer (myfirstmillion)
Dec 24 2014 at 08:11
61 posts
tankbeta posted:

100% sure this guy is not making money in forex.


Eheheh, I agree.
The best way to stay in peace is to think that if he cannot make profit than nobody can.
Forex is the place were sharks go for happyhours. It's very difficult for a retail to eat with them.
There is only one key:
- Money management, low leverage
if something works don't change it
Jeffreyh13
Dec 24 2014 at 11:50
1 posts
entrophi
Dec 24 2014 at 13:43
2 posts
Mine probably scores relative. Broker's bank acct page doesn't work so only using credit/debit cards and the turnaround time is terrible. 125% max withdraw of the deposit so things move slow.

Top Performer (myfirstmillion)
Dec 24 2014 at 13:45
61 posts
Jeffreyh13 posted:
Very possible.
It's possible also to cross the street without looking right and left... but why you should do it?
One time you reach the other side of the street, one time you die under a tir
if something works don't change it
Matt (BluePanther)
Dec 24 2014 at 16:46
1356 posts
tankbeta posted:
100% sure this guy is not making money in forex.

Not sure where you get that idea from (his account shows otherwise):
https://www.myfxbook.com/members/MyFxTrader/pft/1099879

But if you were to refer to me, I can verify this 100%. Which is better than most pps who say they are 'making money trading forex' (I definitely ain't). 😉

Do you think I would be hanging out here with 'chickens' if I was 'an eagle'? 😉
Top Performer (myfirstmillion)
Dec 25 2014 at 07:54
61 posts
BluePanther posted:
tankbeta posted:
100% sure this guy is not making money in forex.

Not sure where you get that idea from (his account shows otherwise):
https://www.myfxbook.com/members/MyFxTrader/pft/1099879


58% DD in less than 1 month...Too risky grid system, you can see many gold positions open at the moment with 20% DD.
if something works don't change it
suriani maulad abu kasim (suriani)
Dec 25 2014 at 07:56
18 posts
sure can...........
Matt (BluePanther)
Dec 25 2014 at 08:06
1356 posts
myfirstmillion posted:
https://www.myfxbook.com/members/MyFxTrader/pft/1099879
58% DD in less than 1 month...Too risky grid system, you can see many gold positions open at the moment with 20% DD.

You have a valid point there. But some may argue that you gotta take considerable risk if you want to make over 11% per day.

Personally, I agree with you - I have seen massive gains with lower (safer) drawdowns.
http://www.forexzarada.com
Dec 26 2014 at 07:26
35 posts
yep... dd is too big
Top Performer (myfirstmillion)
Dec 26 2014 at 07:27
61 posts
BluePanther posted:
myfirstmillion posted:
https://www.myfxbook.com/members/MyFxTrader/pft/1099879
58% DD in less than 1 month...Too risky grid system, you can see many gold positions open at the moment with 20% DD.

You have a valid point there. But some may argue that you gotta take considerable risk if you want to make over 11% per day.

Personally, I agree with you - I have seen massive gains with lower (safer) drawdowns.

The fact is that 58% during days with low volatility means that the account was very next to margin call, very few pips from blowing up.
I call this lucky, not trading. December was a very low volatility month and the trend followed the trend of the last month (Strong USD, weak EUR).
When EU will go to 1.2750 in a very few days, all this december guru will disappear. I'm sure, I've seen it many many times in my life. ;-)
if something works don't change it
MyFxTrader
Dec 26 2014 at 09:40
170 posts
BluePanther posted:
myfirstmillion posted:
https://www.myfxbook.com/members/MyFxTrader/pft/1099879
58% DD in less than 1 month...Too risky grid system, you can see many gold positions open at the moment with 20% DD.

You have a valid point there. But some may argue that you gotta take considerable risk if you want to make over 11% per day.

Personally, I agree with you - I have seen massive gains with lower (safer) drawdowns.

This account serves to answer the question posted in this thread, which was the very reason why the thread was created in the first place. The task [$100 to $1000] was completed in this account within a couple of weeks, rendering us the verdict. However, the account was supposed to run for 4 weeks and today would be the final trading day. Let's see the final status when the market closes by the end of the day.

Whilst a few of us would put some real cash to prove the case, others would choose to stand by the sidelines looking to hurl critiques on every opportunity they get. As the saying goes, 'Some would do the walking and many would do the talking'. This is undoubtedly the quintessence of life. Ain't it pulchritudinous?

Matt (BluePanther)
Dec 26 2014 at 10:14
1356 posts
MyFxTrader posted: This account serves to answer the question posted in this thread, which was the very reason why the thread was created in the first place. The task [$100 to $1000] was completed in this account within a couple of weeks, rendering us the verdict. However, the account was supposed to run for 4 weeks and today would be the final trading day. Let's see the final status when the market closes by the end of the day.

Whilst a few of us would put some real cash to prove the case, others would choose to stand by the sidelines looking to hurl critiques on every opportunity they get. As the saying goes, 'Some would do the walking and many would do the talking'. This is undoubtedly the quintessence of life. Ain't it pulchritudinous?

I think many have already proven this is possible. It is pointless proving an already proven point.

What we should really be asking is: 'Is it possible to make 1000% monthly return on a consistent basis?'

I have yet to witness someone prove this point.

And further to that, I have yet to see someone automate a strategy to meet this challenge. This is no easy task...

In the words of a late American President: 'We choose to go to the moon. We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win, and the others, too.' - POTUS John F Kennedy
MyFxTrader
Dec 26 2014 at 10:55
170 posts
BluePanther posted:
MyFxTrader posted: This account serves to answer the question posted in this thread, which was the very reason why the thread was created in the first place. The task [$100 to $1000] was completed in this account within a couple of weeks, rendering us the verdict. However, the account was supposed to run for 4 weeks and today would be the final trading day. Let's see the final status when the market closes by the end of the day.

Whilst a few of us would put some real cash to prove the case, others would choose to stand by the sidelines looking to hurl critiques on every opportunity they get. As the saying goes, 'Some would do the walking and many would do the talking'. This is undoubtedly the quintessence of life. Ain't it pulchritudinous?

I think many have already proven this is possible. It is pointless proving an already proven point.

What we should really be asking is: 'Is it possible to make 1000% monthly return on a consistent basis?'

I have yet to witness someone prove this point.

And further to that, I have yet to see someone automate a strategy to meet this challenge. This is no easy task...

In the words of a late American President: 'We choose to go to the moon. We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win, and the others, too.' - POTUS John F Kennedy


Many? Pardon my ignorance. Apart from BoneTrader who did it in exactly a month before losing it all after that; I have not seen anyone doing it specifically here on this thread. Could you point to me another account which did that? I've tried to find one in this thread but couldn't, which was the reason that prompted me to create one on my own. I may have wasted my time posting the account here if your claim is right. It is indeed pointless proving an already proven point.
Matt (BluePanther)
Dec 26 2014 at 11:42
1356 posts
MyFxTrader posted:
Many? Pardon my ignorance. Apart from BoneTrader who did it in exactly a month before losing it all after that; I have not seen anyone doing it specifically here on this thread. Could you point to me another account which did that? I've tried to find one in this thread but couldn't, which was the reason that prompted me to create one on my own. I may have wasted my time posting the account here if your claim is right. It is indeed pointless proving an already proven point.

I thought you might ask for evidence - and fair enough, surely others would ask the same question. But surely I have seen it more than once (as surely as you find many 'scam' brokers who allow this), and not necessarily here but on other system pages, and many have been either removed or 'privated'.

My point is: this thread's question has been answered (either by BoneTrader, Ekscalping, yourself, or others). Let us go beyond this first question and ask another question:
1. Can this be achieved on a consistent basis over an extended period?
2. Can an automated strategy be proven to achieve same?
3. And would any broker permit such regular success?

Don't get me wrong: your input is valued and very much appreciated. But let's try to move the discussion forward?

Thank you for sharing your system!
Top Performer (myfirstmillion)
Dec 26 2014 at 16:00
61 posts
If you look at the first account on forexpeacearmy you can see the same things.
All of them makes very high return on the first month, in order to reach a very high weekly return and to stay in the first positions of the rank. After this 'lucky' period, they reduce money management to avoid any problems. In this way they can stay in the first positions for many months with every EA.
There is a market in forex that sell account with 1000% in 4 weeks. Yes, if you want to buy an account with 1000% profit you can do it. The only reason to do that is to show very good performance that are not real to sell an expert advisor.
if something works don't change it
Matt (BluePanther)
Dec 26 2014 at 17:03
1356 posts
myfirstmillion posted:
If you look at the first account on forexpeacearmy you can see the same things.
All of them makes very high return on the first month, in order to reach a very high weekly return and to stay in the first positions of the rank. After this 'lucky' period, they reduce money management to avoid any problems. In this way they can stay in the first positions for many months with every EA.
There is a market in forex that sell account with 1000% in 4 weeks. Yes, if you want to buy an account with 1000% profit you can do it. The only reason to do that is to show very good performance that are not real to sell an expert advisor.

Yes, thank you for validating my statement (glad to know I'm not totally insane). You may not find 'many' systems provided here in answer to this thread, but you will find many systems 'out there' that promote such 'extreme' ROI.


The 'real' questions are:
1. Can this be achieved on a consistent basis over an extended period?
2. Can an automated strategy be proven to achieve same?
3. And would any broker permit such regular success?

The verdict is out on this one.
BoneTrader
Dec 27 2014 at 21:20
35 posts
https://en.wikipedia.org/wiki/Dan_Zanger

It might be interesting for all of you. If there is any goal, then this is the highest one, to beat Dan's score. Anyone want to challenge him? :)
¡ŋ ђθς ş¡ģŋθ ұ¡ŋςəş /
Top Performer (myfirstmillion)
Dec 27 2014 at 21:21
61 posts
Another things is that performance is calculated on the first deposit, while DD refers to actual balance.
If you deposit 100$ and go to 1.000$ your profit is 1.000%
If you go to 1.100$ your profit is 1.100% (+100%), but you did "only" 10% from 1.000$ to 1.100$.

If you start from 100$ and your DD is 10$ your DD is 10%. When you reach 1.000$ you can do a DD of 100$ and your DD is still 10%.

This fact make you look at the profit in the wrong way. I suggest to look ALWAYS at monthly profit.

I wisk this account https://www.myfxbook.com/members/MyFxTrader/pft/1099879 the best things, but it's impossible that he will do the same performance in january, i mean 1.600%. Maybe he could do 100% and you will se a total profit of 3.200%, but in order to to in january the same results of december he should get 1.700$*1700/100=28.900$. this is impossible and if he will do in january i will leave myfxbook forever!
if something works don't change it
Professor53
Dec 30 2014 at 05:37
795 posts
Scottys EA is free and he also provides signals. You can download and back test his EA and be a beta tester for the demo. There,s also mention of a broker that allows micro trades, hedging for USA folks.


Not advertising, but he does provide

  a free EA. https://www.fxroguewave.com

He also has a small number of real accounts posted here on myfxbook. Its a martingale type trading a small account on 8 pairs 5 minute charts.



 
Click on my Name to see My Live Charts and Bio.
moerwadi (moerwadi)
Dec 30 2014 at 16:42
293 posts
almost same with my EA sometime hedging sometime no hedging .....happy new year 2015 all.........and happy trading
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