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

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



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




Archivos adjuntos:

Trade the plan that works for you!!
Ken (TheForexFox)
Nov 04 2011 at 12:33
posts 57
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:

Archivos adjuntos:

Trade the plan that works for you!!
tingismy
Nov 04 2011 at 16:01
posts 1
tenix
Nov 04 2011 at 16:14
posts 19
Not bad. Care to share info? I made 80% growth this morning on gbpchf.
Ken (TheForexFox)
Nov 04 2011 at 20:59
posts 57
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-- $500 to Freedom
Trade the plan that works for you!!
tyler (tylerbose)
Nov 04 2011 at 21:05
posts 39
outstanding , that's 1000% a week 😲 , can you provide more info , number of trades , lot size ...... ?
tyler (tylerbose)
Nov 04 2011 at 21:05
posts 39
sorry i didn't see the attachment 😝 , holy hell 0.5 lot size on a 500$ account is extremely risky 😲
is it real or demo ?
Splexin
Nov 05 2011 at 01:51
posts 202
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
posts 57
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
posts 57
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!!
tyler (tylerbose)
Nov 05 2011 at 16:00
posts 39
thank you for sharing ken , good luck :)
Splexin
Nov 05 2011 at 18:23
posts 202

   TheForexFox posted:
   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

50,000 units = 0.5 position size. Half of a standard lot. IMO you are risking too much. OK so you only risk $60 each trade with 12 pip stop. Probability says you have a 50/50 chance of winning or losing. So there is no such thing as 'knowing' you will win 8 out of 10 trades. I see that your losers are larger than your winners. Yes, you are winning more than you lose but what happens when you have losing streaks? Lose 5 in a row on your initial balance and you only have $200 left! 12 pip stops can get hit in mere seconds. You can hide your open trades but your equity currently reads 87.79%....more evidence that you are risking too much.

I'm not trying to criticize you or discourage you here, just stating the reality of it. The gain is impressive, yes, but I wouldn't call it a success until I see results on a live account. I've seen dozens of 'success' gains on Myfxbook.....and all on DEMO account. Very few or perhaps even nobody has replicated their results on live account.

Demo is not, I repeat, not the same as live.
PipGnostic
TheCyclist
Nov 06 2011 at 00:42
posts 724
And of course there's the roll of streaks in all of this. Profits come in streaks. You are just as likely to have a losing streak as a winning streak. A viable predictive system is one where the profitable streaks are bigger than the losing streaks. Haven't seen your losing streak yet.

I can guarantee you a losing streak in the near future - where your $5000 will turn into $0 if you keep following the same system. I lost 250k doing the same thing in 1998/1999 Y2K crash....

Actually was my very first trading lesson ever. Still stings. The problem being is if you just keep following the system blindly it will start losing when the market conditions change. And you'd only pick up on it to late, after all the money is gone...
petrus damianus (damianus)
Nov 06 2011 at 12:06
posts 29
ehm...i will wait once you implement it into real account...:)
Ini uang benaran bukan daun jambu
tyler (tylerbose)
Nov 06 2011 at 13:10
posts 39
the man sharing his system for free ! , stop complaining guys u_u
you have a good system ken , trade between 0.01 and 0.1 lot and you'll be fine ;) , keep us informed
Ken (TheForexFox)
Nov 06 2011 at 18:10
posts 57
HIGH RISK WARNING-You could lose some or all of your initial investment; do not invest money that you cannot afford to lose.

$500 is what I was willing to lose on my system, (a system I believe in) I take high risk for high rewards!!

12% of 500 = $60 per trade 12pip S/L (12% should never be used if you can't afford to lose all your $$ )
 I took the risk, now I can double my stop and my risk drops to only 2.4%
2.4% of 5,000 is 120 @ 0.5 that's 24 pip stop.

Splexin & PipGnostic -I notice you guys wouldn't even show your portfolios, Why??
tylerbose - I asume is sitting back waiting to teach mentor & learn more, when the time comes, Good for you.
petrus damianus - Great trading on your part, I and Tylerbose will learn a lot from you as I hope you may learn a little from me.

Good luck to all of you--do not invest money that you cannot afford to lose

TheForexFox
Trade the plan that works for you!!
Splexin
Nov 06 2011 at 18:27
posts 202
'Do not invest money that you cannot afford to lose.' True statement and that is what everybody says, but in reality if you can 'afford' to lose any money then you don't need to be trading. 😝

I am not complaining nor criticizing....just stating the reality of trading.....

I do not share my accounts here because for me Myfxbook is a personal critique tool not something for me to inflate my ego or gloat about profits. I have a billionaire acquaintance who has a saying that goes, 'If you got it, you don't flaunt it.' Even if I shared my successful real account I would still get badgered by criticism (like zuntrader, who has a successful live account here) just because humans in general like to complain. I have no time for such bullshisms, I am in this game for myself and nobody else.

I suppose I can do like you and share a DEMO account with ten zillion percent gain but that wouldn't accomplish much now would it, other than waste my time TRADING MONOPOLY MONEY. I stopped trading demo accounts several months ago because I could place trades left and right and rack up thousands of dollars EASILY.....but that didn't benefit me. Can't really claim bragging rights for demo accounts. And it disgusts me how virtually every 'forex guru' markets their products based on demo results. Anyways, now I focus on real accounts and real accounts only, and the success/failure of said accounts is my business and nobody else.

Good luck
PipGnostic
TheCyclist
Nov 06 2011 at 19:30
posts 724
I was showing an account Ken, but had to delete it so I could use fxbook to add up two linked accounts, otherwise it would add up all three accounts. Was either that or do it manually...was just easier.
petrus damianus (damianus)
Nov 07 2011 at 02:15
posts 29
Hi Ken...

Thank you for your compliment...:)
Well...I am still young and stupid....I willing to learn from others...( Including you )...

Btw ...There's nothing impossible in forex world...

Here the link that i would share to you...

mt4i.com/users/indrafxscalping


This guy start with $ 1000 then turn into $ 13 million just in 6 -7 hrs !!!
Ini uang benaran bukan daun jambu
PipGnostic
TheCyclist
Nov 07 2011 at 02:26
posts 724
Petrus,

Don't fall for bullshit like that. I been in this game about 7 years now. It's a con. I bet you he's selling it for $100 somewhere.
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