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Contest - mxx8 (By Bader AlHamoud )

Gain : +172496.42%
Drawdown 61.45%
Pips: 6504438.4
Trades 75323
Won:
Lost:
Type: Demo
Leverage: 1:400
Trading: Unknown

Contest - mxx8 Discussion

suttos
May 21 2014 at 06:51
267 posts
interesting. i wonder if it will work with a live account where you actually need the liquidity your are asking for e.g. 40 lots+.
Unfortunately i think not but hey, i'd love to be proven wrong!

jimloko
May 21 2014 at 10:02
23 posts
@suttos Yea i doubt it VERY much! I've been trading 500 lot positions during news and they are being filled instantly. This wouldn't happen live! I'm thinking you'll need to keep the volume to a minimum depending on liquidity. 1-10 lots shouldn't have too much trouble being filled.

So quantity over quality :D

Christian Klug (chinmivi)
May 22 2014 at 03:43
14 posts
jimloko posted:
chinmivi posted:
Very interesting. From what I understand, that´s not a manual trading. Right?

Kind regards, Christian


No, looks like its a script acting as an EA. However, i just traded manually using this technique and in maybe about 10 minutes total I've turned a $5k demo account into $15k, so its doable manually, you just need quick reactions!! Mind you its a 4 digit broker with fixed 1pip spreads and no commissions, so all i need is a 2 pip move to make a profit!

cheers


Thanks Jim, very interesting your comment. I will try to do it by myself and will let you know my results. Which broker are you using? Have a good night and best regards, Christian

Waleed ELShereef (waleedelshereef)
May 22 2014 at 06:26
10 posts
أداء راقي وأكثر شيء عجبني بهذه المسابقة أن علم السعوديه وبه عبارة لا اله الا الله اكتسح كل المتسابقين بالمركز الاول والثاني بأداء خيالي وتحقيق نتائج خيالية
موفق أخي الكريم mxx8
وإلى الأمام دئماً

jimloko
May 22 2014 at 08:41
23 posts
chinmivi posted:
Thanks Jim, very interesting your comment. I will try to do it by myself and will let you know my results. Which broker are you using? Have a good night and best regards, Christian


I'm using Global Clearing Group (GCG) because that was the broker in the YouTube video. I haven't looked into any other brokers but I've only found negative comments for this broker so i'm not sure how it would go live. FYI, that $15k is now over $300k after another hour or so (split over about 2 days).

I'd like to hear how you go :D

Manual: https://www.myfxbook.com/members/jimloko/gcg-scalping-manual/925098
EA: https://www.myfxbook.com/members/jimloko/gcg-j36-auto-scalper-test/925581

@mxx8 Maybe you could give us a little bit of info on your experience with GCG when you get back home?

cheers

jabajaba
May 22 2014 at 09:07
1 posts
How does one can register to mimic this script on a demo account to verify the behavior/performance?

Christian Klug (chinmivi)
May 22 2014 at 12:10
14 posts
jimloko posted:
chinmivi posted:
Thanks Jim, very interesting your comment. I will try to do it by myself and will let you know my results. Which broker are you using? Have a good night and best regards, Christian


I'm using Global Clearing Group (GCG) because that was the broker in the YouTube video. I haven't looked into any other brokers but I've only found negative comments for this broker so i'm not sure how it would go live. FYI, that $15k is now over $300k after another hour or so (split over about 2 days).

I'd like to hear how you go :D

Manual: https://www.myfxbook.com/members/jimloko/gcg-scalping-manual/925098
EA: https://www.myfxbook.com/members/jimloko/gcg-j36-auto-scalper-test/925581

@mxx8 Maybe you could give us a little bit of info on your experience with GCG when you get back home?

cheers


Sure!! Thank you... Let me try this. Have a good day

Christian Klug (chinmivi)
May 23 2014 at 04:28
14 posts
chinmivi posted:
jimloko posted:
chinmivi posted:
Thanks Jim, very interesting your comment. I will try to do it by myself and will let you know my results. Which broker are you using? Have a good night and best regards, Christian


I'm using Global Clearing Group (GCG) because that was the broker in the YouTube video. I haven't looked into any other brokers but I've only found negative comments for this broker so i'm not sure how it would go live. FYI, that $15k is now over $300k after another hour or so (split over about 2 days).

I'd like to hear how you go :D

Manual: https://www.myfxbook.com/members/jimloko/gcg-scalping-manual/925098
EA: https://www.myfxbook.com/members/jimloko/gcg-j36-auto-scalper-test/925581

@mxx8 Maybe you could give us a little bit of info on your experience with GCG when you get back home?

cheers


Sure!! Thank you... Let me try this. Have a good day


Incredible what you have reached on both links... You are over 1,34M% and that´s unbelievable. On the manual one over 8,000%. I will try it by myself. Thanks a lot for this input dear friend!!

Shane Morton (shanemort)
May 23 2014 at 21:11
12 posts
how can we try this out? where can we test these scripts

michaelshing
May 25 2014 at 06:44
2 posts
jimloko posted:
Hi Mate,

I just watched your video on YouTube ( love it, love it!

I'm throwing a script together based on this concept. I've been watching EURUSD (just opened a demo acc with GCG and their 1 pip spreads) and manually did what your script does and scored $1,000 in about 2 minutes!

On M1 chart bars are (currently) on average 3 pips long and ticks seem to gravitate to the center of it. So you buy when it ticks to the low side of the bar and sell when it ticks to the high side before coming back to the centre to get at least a pip. And with 1:1000 you can use pretty big positions so i can see it adding up pretty fast!

Does this sound about right? And with quick execution i can see it working pretty much like your script does. How does this sound, am i close? Do you have any tips (or hints) ;)

cheers mate, and sincerely, thank you :D


hi,mate,where is the baby EA?

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