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$500 to Freedom (500 to 5,000 in 1wk)

Ken (TheForexFox)
Nov 04 2011 at 10:55
57 Posts



Wow what a week , Started last Friday with $500 now $5,000
Take a look, let me know what you all think.
P.S. new member here on myfxbooks so I'm still learning to get around site.
Been doing this for a few weeks now, after adjustments to my own system. will keep testing 3more weeks before going live.

Sorry if this link does not work. hope it does




Anhänge:


Trade the plan that works for you!!
Ken (TheForexFox)
Nov 04 2011 at 12:33
57 Posts
Sorry Guy's I thought I uploaded the whole statement. Try again.
I use the 1min & 5min charts with two Stoch and 1 Macd.
What do you think, this is the 3rd week trying this. (but the best so far)
I do have to babysit this system at this time, I'm trying to find a way to bypass the babysitting.

Thanks for your input:

Anhänge:


Trade the plan that works for you!!
tingismy
Nov 04 2011 at 16:01
1 Posts
tenix
Nov 04 2011 at 16:14
19 Posts
Not bad. Care to share info? I made 80% growth this morning on gbpchf.

Ken (TheForexFox)
Nov 04 2011 at 20:59
57 Posts
I use the 1min & 5min charts with two Stoch 5,3,3, & 8,3,3, and a custom Macd that you can down load here.

https://www.fxstreet.com/platforms/addons/51d6028b-77de-4019-9873-a2e7ccccb915

I do have to babysit my trades for now, I live in USA so i get 50:1 leverage. I only trade .50 lots in Eur/Usd, and try to limit my stops to 12pips, as you can see that is $60.00USD (but sometime I'll let it run higher if all indicators my guess is right,just to early)
 feel free to try it and let me know how your doing.

P.S. Thanks for input guys 😉
TheForexFox
System-- $500 to Freedom

Trade the plan that works for you!!
tyler (tylerbose)
Nov 04 2011 at 21:05
39 Posts
outstanding , that's 1000% a week 😲 , can you provide more info , number of trades , lot size ...... ?

tyler (tylerbose)
Nov 04 2011 at 21:05
39 Posts
sorry i didn't see the attachment 😝 , holy hell 0.5 lot size on a 500$ account is extremely risky 😲
is it real or demo ?

Splexin
Nov 05 2011 at 01:51
202 Posts
50,000 unit positions on a $500 account is somewhat very unrealistic.....

I see your system is running on demo.....have you tested it live yet?

I don't even test on demo anymore, psychological difference is too great. I just test on real accounts with extremely small positions until I'm confident with the system and then I expand my position sizes.

Ken (TheForexFox)
Nov 05 2011 at 09:29
57 Posts
Tylerbose
Thanks for your input. As you can see when I started I only used a 12pip stop so my risk was only $60 (Eur/Usd) and being in the US my leverage is @ 50:1 so it's not that big a risk . it's a demo for 3 more weeks, if I still get great returns after 3 wks I'm going live. Feel free to follow my system (link below) called $500 to Freedom.

Thanks again
TheForexFox

https://www.myfxbook.com/files/TheForexFox/DetailedStatement_0A.htm

Trade the plan that works for you!!
Ken (TheForexFox)
Nov 05 2011 at 09:31
57 Posts
Splexin
  I don't know what you mean by 50,000 units? 😕 my total pips traded for the whole week was 1,019.4
Also I have been working this system before I put it on myfxbook, and if you check the facts, more then 8 of 10 trades are winners.
if you went to a horse track and knew you would win 8 times and lose only 2 how much would bet on those 10 races?
Can I get a 1,000% on my new balance of 5,000 in one week NO WAY. but I should be able to get 80 to 100%
You as a trader know the higher your balance the lower the % gain is.
 Can I withdraw 4,500 and begin with 500 again and make 1000% again in a week, YES I can.
I know my system and it works for me, will it work for everybody, don't think so. but if you (or anyone) practice study & practice more study more anyone can make $$ in this price action system. Try it yourself, the info is above in earlyer post, with your background and about 2 to 3wks practice I would guess you could do the same thing starting with 500 just remember it's 50:1 and 0.5 lots with 12pip stop,after a while you will see when not to use 12pip s/l
Please do try and let me know how you do (There are other factors in system that only practice will teach, you'll see what I mean)
Good luck & thank you for your input.
TheForexFox

Trade the plan that works for you!!
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