$100 to $100K challenge (Od forex_trader_456567)
Používateľ odstránil tento systém.
$100 to $100K challenge Diskusia
Jan 11, 2019 at 09:03
1,370 Zobrazení
17 Replies
forex_trader_456567
Členom od Sep 01, 2017
12 príspevkov
Jan 11, 2019 at 11:01
A bit about me, I started trading forex back in 2015. This was one of my first accounts I opened and you can see from the history that I have been trying different things over the last 4 years. I have tried many EA’s and courses without success. However I have developed my own strategy that I trade manually with strict rules and good risk management which I feel comfortable with.
Follow me as I now test my strategy and aim to grow a tiny account of $200 to $100,000. I’m initially trading high risk @ 5% up until £1K then reducing risk to 2% thereafter. I am sharing this account for educational purposes only therefore I won’t be releasing a copy signal.
Wish me luck!!
Follow me as I now test my strategy and aim to grow a tiny account of $200 to $100,000. I’m initially trading high risk @ 5% up until £1K then reducing risk to 2% thereafter. I am sharing this account for educational purposes only therefore I won’t be releasing a copy signal.
Wish me luck!!
Členom od Jan 23, 2018
45 príspevkov
Jan 13, 2019 at 07:09
challenge accepted. 😇
I try not to burn my account
Členom od Jan 06, 2019
3 príspevkov
Jan 13, 2019 at 07:36
Tkanks for your sharing, i have read your account information. I really understand what you pursuit of, because now trading is part of our life. GOOD LUCK!!!
forex_trader_456567
Členom od Sep 01, 2017
12 príspevkov
Jan 14, 2019 at 07:45
Thanks guys :)
Členom od Apr 19, 2017
11 príspevkov
Feb 03, 2019 at 08:01
Best of luck. Go get it!
forex_trader_456567
Členom od Sep 01, 2017
12 príspevkov
Feb 03, 2019 at 11:00
Thanks Lenanapeak.
January was an interest month. My strategy suffered 11 consecutive losses but I regained some ground at the end of the month. Obviously trading at 5% per trade made DD look horrendous. I opt for 5% for 2 reasons......firstly, to kick start the account and secondly it’s difficult to get an exact 5% risk with such low lot sizes. Trading @5% though is like a baby turtle scarpering across the sand and trying to make it to the sea without being eaten. Assuming I get to $500, my current plan is to gradually reduce risk to 2% per trade between $500 - $1250 of account balance. Lets see what February brings!
Happy trading!
January was an interest month. My strategy suffered 11 consecutive losses but I regained some ground at the end of the month. Obviously trading at 5% per trade made DD look horrendous. I opt for 5% for 2 reasons......firstly, to kick start the account and secondly it’s difficult to get an exact 5% risk with such low lot sizes. Trading @5% though is like a baby turtle scarpering across the sand and trying to make it to the sea without being eaten. Assuming I get to $500, my current plan is to gradually reduce risk to 2% per trade between $500 - $1250 of account balance. Lets see what February brings!
Happy trading!
Členom od Apr 19, 2017
11 príspevkov
Feb 04, 2019 at 11:03
Trading @5% though is like a baby turtle scarpering across the sand and trying to make it to the sea without being eaten.
Depending on how you've designed your system, assuming you have trade setups that you can define as low risk; then limit all trades to these "low risk" setups until your balance allows you to reduce risk to 2% or less. (Eg, were some of the 11 consecutive losses avoidable)
In addition, as this experiment is part of your forex education, you could consider linking your account to Darwinex and PsyQuation to have your strategy thoroughly analysed and scored, which will hopefully help correct trading mistakes and improve performance.
Cheers!
Členom od Feb 22, 2011
4573 príspevkov
Feb 04, 2019 at 12:04
F0rexwives posted:
Thanks Lenanapeak.
January was an interest month. My strategy suffered 11 consecutive losses but I regained some ground at the end of the month. Obviously trading at 5% per trade made DD look horrendous. I opt for 5% for 2 reasons......firstly, to kick start the account and secondly it’s difficult to get an exact 5% risk with such low lot sizes. Trading @5% though is like a baby turtle scarpering across the sand and trying to make it to the sea without being eaten. Assuming I get to $500, my current plan is to gradually reduce risk to 2% per trade between $500 - $1250 of account balance. Lets see what February brings!
Happy trading!
The issue is not that DD is too high,
the issue is with such high DD your profit is not sufficient compared to risk.
forex_trader_456567
Členom od Sep 01, 2017
12 príspevkov
Mar 22, 2020 at 07:06
Back in on this challenge! What a start!
forex_trader_456567
Členom od Sep 01, 2017
12 príspevkov
Mar 28, 2020 at 08:44
(upravené Mar 28, 2020 at 09:15)
Incredibly volatile conditions at present. Took 2 longs this week, slightly frustrated on the downward movement of Cable on 23rd which stopped me out before continuing to climb higher. All in all a good week though for finishing on a positive. Waiting for the short cycles to begin on all 3 pairs.
Členom od Mar 08, 2020
18 príspevkov
Mar 29, 2020 at 03:31
Your trade with EA or manual?
forex_trader_456567
Členom od Sep 01, 2017
12 príspevkov
Mar 29, 2020 at 05:56
Hi, thanks for your question. This strategy is being traded manually.
Thanks
Thanks
forex_trader_1153031
Členom od Feb 28, 2020
78 príspevkov
Mar 29, 2020 at 08:16
Good luck
forex_trader_456567
Členom od Sep 01, 2017
12 príspevkov
Mar 29, 2020 at 09:00
@JapaneseGroupFx thanks :)
Členom od Mar 19, 2020
3 príspevkov
Mar 29, 2020 at 16:55
Interesting, I'm developing EA, I can see your result is far more better :)
Give it your best shots!
Give it your best shots!
contact.bitq@
forex_trader_1153031
Členom od Feb 28, 2020
78 príspevkov
Mar 29, 2020 at 17:26
BitQ posted:
Interesting, I'm developing EA, I can see your result is far more better :)
Give it your best shots!
Thank you, trading is our hobby to make ends meet in japan
forex_trader_456567
Členom od Sep 01, 2017
12 príspevkov
Apr 03, 2020 at 18:26
(upravené Apr 03, 2020 at 18:36)
Another stop out this week due to an ‘’unknown’ spike, this time on the Aussie. Last week on Cable..... these were rare on back tests, but so were the current extreme high levels of volatility. 3 trades lost in 2 weeks due to these scenarios, this is the difficulty of trying to grow out of a tiny account and keeping R/R consistent. The current tradeoff for higher reward on risk is a lower win rate...... which we have seen in the large gains on the account so far @ $10 risk per trade despite only winning around 60% of positions...
Now short cycles are active on all 3 of the strategy pairs. We can only speculate on how far these will sink, however if recent lows are hit then we will see very healthy returns.
I have made a minor tweak to setting the SL to provide a bit more room for the current volatility levels. This should hopefully reduce spike outs but does open the account to slightly higher losses per trade. Once the account reaches $1K - $1.5K then the win rate will naturally increase and reward to risk will slightly decrease. It’s a numbers game!
Happy weekend all. Stay safe........praying for the world and humanity.......
Now short cycles are active on all 3 of the strategy pairs. We can only speculate on how far these will sink, however if recent lows are hit then we will see very healthy returns.
I have made a minor tweak to setting the SL to provide a bit more room for the current volatility levels. This should hopefully reduce spike outs but does open the account to slightly higher losses per trade. Once the account reaches $1K - $1.5K then the win rate will naturally increase and reward to risk will slightly decrease. It’s a numbers game!
Happy weekend all. Stay safe........praying for the world and humanity.......
forex_trader_456567
Členom od Sep 01, 2017
12 príspevkov
Apr 15, 2020 at 13:51
Cleared 300% and $400 :) $500 is the initial target for a more conservative 2% per trade thereafter. Short cycles have developed on all 3 pairs today but avoided the Euro as it is currently rangebound.
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