Contest - FullFX (By FullFX)

Gain : +3441.43%
Drawdown 1.42%
Pips: 355279.3
Trades 228
Won:
Lost:
Type: Demo
Leverage: 1:50
Trading: Unknown

Contest - FullFX Discussion

Jun 20, 2011 at 20:30
4,387 Views
46 Replies
Member Since Apr 16, 2011   40 posts
Aug 02, 2011 at 12:41
Do you manage accounts - Please PM me with your contact details. Good job.
Member Since Jun 03, 2011   2 posts
Aug 02, 2011 at 13:20
best..xau and xag
Member Since Jul 22, 2011   6 posts
Aug 02, 2011 at 18:18
full fx, I'd like to learn your manual system. Or buy it if you realy need to. pm me please.
Member Since May 18, 2011   46 posts
Aug 02, 2011 at 18:21
I don't think he wants to talk to us anymore...
Keep that damn Kryptonite away from me!
Member Since Jun 20, 2011   10 posts
Aug 03, 2011 at 00:47

Dear all.

Thanks for your nice words.

I do not manage accounts.

I do not sell what I do not have.

I am not signals provider.

Thanks
Member Since Apr 04, 2011   2 posts
Aug 03, 2011 at 01:58
nice work
congratulations

😄😄😄
Member Since May 18, 2011   46 posts
Aug 03, 2011 at 02:16

FullFX posted:
    
Dear all.

Thanks for your nice words.

I do not manage accounts.

I do not sell what I do not have.

I am not signals provider.

Thanks

Did you use a company like ForexPros for buy and sell signals?
Keep that damn Kryptonite away from me!
Member Since Sep 16, 2009   116 posts
Aug 03, 2011 at 05:40
fellaz ....stop disturbing the man - he does not need to manage anyones money nor sell signals...i mean - if i can make $1million dollars profit in a month - y do i need to sell signals worth 150 USD per month...

lets go educate ourselves
can the pursuit of wealth be automated?
Member Since Nov 04, 2009   1 posts
Aug 03, 2011 at 06:25
but maybe there is something to share with...that knowledge to be superb...
Member Since Mar 24, 2011   20 posts
Aug 03, 2011 at 07:47
FullFX,

thank you for your answers and for sharing your game with all, it's crazy inspiring :) Could you reveal to us some hints? Maybe indicators you are trusting much? Or your overall strategy and money mgmt rules? I am really motivated to research for next 2 years (3 already done) everything I can to hit such results. It seems you are very experienced trader that trusts a lot to himself, so you can open such big positions and wait for results. This is what I am supposed to learn from anybody who wish to share his experience.

Yes, it took me about 3 years to learn how to gain income in long term. Anyway I am still learning on demo (after some drawdowns on real account), so my voice is important as a little brook ploping... I have two children and Wife, we both work 40h/5days, driving through traffic 2h a day... My target is to earn about 1mln EUR, so I am free of job.

Please, reveal something to us :)
Stop Loss is risky! Use it wisely :)
Member Since Mar 22, 2011   2 posts
Aug 03, 2011 at 21:25

FullFX posted:
    
phpworker1 posted:
    What are requirements of your system? Is it automatic?

manual

Fair play to you full fx. If you are manually trading and managed to open 118 positions in 60 seconds then your fingers are a lot quicker than mine!
Member Since May 18, 2011   46 posts
Aug 03, 2011 at 22:20

subtlesteve posted:
    
FullFX posted:
    
phpworker1 posted:
    What are requirements of your system? Is it automatic?

manual

Fair play to you full fx. If you are manually trading and managed to open 118 positions in 60 seconds then your fingers are a lot quicker than mine!

I've been looking at his trades very closley too. In fact, I have them printed out. There's just something not right.
Keep that damn Kryptonite away from me!
Member Since Jun 20, 2011   10 posts
Aug 04, 2011 at 00:25 (edited Aug 04, 2011 at 00:26)
geoholt3 posted:
    
subtlesteve posted:
    
FullFX posted:
    
phpworker1 posted:
    What are requirements of your system? Is it automatic?

manual

Fair play to you full fx. If you are manually trading and managed to open 118 positions in 60 seconds then your fingers are a lot quicker than mine!

I've been looking at his trades very closley too. In fact, I have them printed out. There's just something not right.

It is very simple by using PENDING ORDERS

Member Since Jul 22, 2011   6 posts
Aug 04, 2011 at 00:56
Can you share your system with us? It'll help alot of people here. Or atleast tell us where we can see it.
Member Since Mar 22, 2011   2 posts
Aug 04, 2011 at 02:02
Granted there is something odd with the trades, but hats off to FullFX for winning the contest. It is not, however, an accurate portrayal of how an account could actually be traded.

You would have to be completely psychotic to trade without any hard S/L, especially at those risk levels.

Over 50% of the 'trades' were taken at the same time, and many of the other trades are also duplicated several times so that the results are nowhere near as statistically significant as the headline figures suggest.

There would also not be enough liquidity in the market to trade at some of the levels shown on the demo account - at one point it would have required around 15% of the average daily volume to be available in a 60 second period.

FullFX certainly deserves credit for his achievement, but reading through some of the comments from people who are desperate to throw money into a managed forex account or signals service based purely on the headline % increase figure, explains why over 90% of people lose money in forex.

The contest was to see who could make the most money on a demo account in a month, not trade with real money for an income / long term capital growth. The only way you could win the contest would be to have ridiculously high market exposure, and not get caught out during the month of the contest. If you traded real money over a prolonged period of time using the same risk settings and strategies then you would almost certainly lose a lot of money.

I am not saying FullFX doesn't know how to trade in the long run as I don't know his background, strategies or risk management, but making a lot of fake money in a short period of time by risking large amounts of your account is an entirely different matter to trading for real in the long term. If you are greedy and naive enough to confuse the two then it will cost you a lot, if not all of your money.
Member Since Mar 24, 2011   20 posts
Aug 04, 2011 at 07:12

subtlesteve posted:
I am not saying FullFX doesn't know how to trade in the long run as I don't know his background, strategies or risk management, but making a lot of fake money in a short period of time by risking large amounts of your account is an entirely different matter to trading for real in the long term.
As I said before it is a matter of trust to trader himself and his experience. I believe if a midterm strategy works on demo, then it should work on real account. I believe FullFX will reveal some hints, here or somewhere else :)
Stop Loss is risky! Use it wisely :)
Member Since Aug 09, 2011   23 posts
Aug 09, 2011 at 14:48
Hi FullFX. Congrats on the win. Very impressive stuff!
I noticed you also trade index futures, gold & silver. I can't trade futures off my MetaTrader 4.
I was wondering which platform/trading software do you use to trades currencies, commodities and FX?
Member Since Aug 09, 2011   23 posts
Aug 12, 2011 at 11:49
Anyone know what trading platform was used by FullFX and is there a demo?
Member Since May 18, 2011   46 posts
Aug 12, 2011 at 11:53
He's being pretty hush hush about the whole thing.
Keep that damn Kryptonite away from me!
Member Since Jun 20, 2011   10 posts
Aug 12, 2011 at 11:57

Neutral posted:
    Anyone know what trading platform was used by FullFX and is there a demo?

FXCM-UK MT4
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