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5% average monthly profit for at least 2 years (with less than 25% max. DD)

Feb 06, 2013 at 17:24
26,547 Visa
668 Replies
Medlem sedan Oct 28, 2009   1423 inlägg
Jan 10, 2014 at 15:25
While an impressive result that looks as though it's being over-traded and sooner or later it'll margin call.

Best regards Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Medlem sedan Dec 29, 2013   41 inlägg
Jan 10, 2014 at 18:36
Account results look very good. I still wonder, why with this level of skills not to try tryouts and get funded. If what is posted is true, this guy should have no problem at all to pass tryouts and get himself $30 000-150 000 right form the start. No way retail trader can make it with few thousand account. Engineers learn skills to sell those skill, so does everybody.
Medlem sedan Apr 14, 2013   402 inlägg
Jan 10, 2014 at 18:42
stevetrade posted:
While an impressive result that looks as though it's being over-traded and sooner or later it'll margin call.

Best regards Steve

 Steve you are very pessimistic. Over trading or under trading is simply a bias view of how to trade. Steve's point of view occurs when one has had no success in trading. If he margin calls or not isn't the question. What is in question is the % change and his DD. This guy could easily walk away from forex and have out performed almost 99.9% of the retail traders.
Focus on pip-drawdown
Medlem sedan Apr 14, 2013   402 inlägg
Jan 10, 2014 at 18:44
HolyCow posted:
Account results look very good. I still wonder, why with this level of skills not to try tryouts and get funded. If what is posted is true, this guy should have no problem at all to pass tryouts and get himself $30 000-150 000 right form the start. No way retail trader can make it with few thousand account. Engineers learn skills to sell those skill, so does everybody.

 Well I am not sure what 'tryout' you are referring to, but what I can say is that that trader is the real deal. He is on myfxbook and other third party websites to not only gain a following, but show that consistent profits can be gained in forex.
Focus on pip-drawdown
Medlem sedan May 04, 2012   1608 inlägg
Jan 11, 2014 at 00:26
The history of this strategy is only 2 months old, it is too early to make any well-founded statements about it.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Medlem sedan Nov 21, 2013   2 inlägg
Jan 11, 2014 at 11:30
Alright that's it...........

  I'm so tired of reading all these comments about show me it can be done. Prove to me, some random person that it can be done. And that you need thousands if not apparently millions to live a luxurious lifestyle............ Mark my words interested people in wondering if it can be done...... it can! Read on!

I started trading at the young age of 24 years old. I hate working for other people. I've had easily 40 different jobs since I was 15 years old and went to numerous colleges and trade schools (not trading schools lol) college was boring and I was ONLY interested in women. Trade school just reminded me of the military (11Bravo BABY!! 3rd-Infantry Division Fort Benning, Georgia HOOAH!!!) and learning to become a diesel mechanic with the 'claims' of making $100k a year right out of school motivated me. Well after getting a job with Cummins I got fired a messily 3 weeks into my so called perfect career. Let's just say that's been my life story. I either have someone fire me because I've knocked out a employee or boss (kinda have some rage issues) or not showing up or just quitting. My entire life someone else has had control over my cash flow and with two words it's taken away from me yet again........ YOUR FIRED!

I got turned on to trading from watching Amy Sangsters fine a** buying a Lamborghini at my age, which pissed me off because....... well........ I WANT ONE!!!! (I'm an only child also lol) I did some research about her and her story and mmmmm I could listen to her talk all day long...... That sexy Australian accent mmmmmmmm...... Sorry lol. Well she has this company for trading and teaching you blah blah but psssshhhhhh I hardly have $5 to my name much less almost $700 for a membership to her company. We exchanged a few emails and again mmmmmm lol but I never bought into her company, why should I make her more rich I thought. Then I stumbled upon babypips.com they have a F R E E 'school' I thought ummmmm yes please that's in my price range. Being super interested in making my 'millions' it took me merely a few hours in a single day to complete the school and when I was done I was so confused about what I had just read but applied the fundamental and technical information they taught me on my demo account. In 3 months of trading my demo account I felt that this trading thing is simple I got this in the bag..........

Bring on the REAL thing!!!! I opened a live account with $300 and with no actual strategy just blind trading, blew maybe $100 of my account first week. So I added another $200 then lost another $100........ This isn't the millions I was expecting. Added my FINAL $150 to my name and I mean that was it I was flat broke and I have a daughter to support. So in total my investment in trading is $650 that is it I have not added another cent to my account since then. After that first month I was desperate to make money and kept reading that you need to find a strategy and stick with it. So that next month I was looking for my 'holy grail' (of course we all do duuuuh) tried this one made some good gains then over leveraged and wiped those gains out but didn't lose much less than my account balance I repeated that maybe 2-3 different strategies for the second month. Now I need to clarify something here, when I opened my live account I quit my $9 an hour 40 hour a week lube tech job almost 50 miles from one of the houses I grew up in that my aunt (she's only 9 years older than me so she's like my sister) lives so when I was working during the week days I slept on a couch at a friends apartment and we worked together so I caught a ride with him everyday. Became waaaaay to much of a hassle and the cons very much out weighed the pros so I quit and remained living with my aunt at her Dad (my Granddads) house. It was only her and I and we didn't have to pay rent. Lucky for me she paid for groceries and the electricity and the satellite tv and the water basically she paid all the bills I only paid for my own personal internet a mere $60 a month. Keep that in mind! My monthly bills were ONLY $60 a month!!!

Well that third month of live trading changed my life FOREVER!!!! I found my own personal 'holy grail' strategy. It's a breakout strategy and I ONLY ONLY ONE MORE TIME ONLY STILL TO TODAY ONLY........ trade GBP/JPY!!!! That's it one pair. Here's the plan I wrote down and followed it to a T!!! I decided that I am only willing to lose 50 pips on any single trade, that's it that's my stop 50 pips. I decided this when I set a record for myself by losing 107 pips costing me $160 remember I only had $650 in my account so yea I was leveraging the entire house on my trades. I like money and I want lots of it and NOOOOOW (only child remember). So that's my risk 50 pips. And I have read and learned the hard way to let your profits run. I use to set a trailing stop but I kept getting stopped out (profitable) but the trade shot up another 100-300 pips at times and that pissed me off so I quit using the trailing stops now when I'm up 50 pips I just bring my stop up to my entry or about 10 pips up to cover my spread. So out of 10 trades I was losing maybe 1 or 2. And they were never consistent it was always winning like 5, losing 1, winning 2, losing 1, winning 6, losing 1, you get the point. And my losers never bothered me because I would make 50 or 100 or 150 or 200 pips then lose 50 but on one trade. So I would go up 50 pips plus, another 200, plus 100, plus another 150, then I'd lose 50 big whoop! I would exit my trades whenever I wanted. My best trade I made 245 pips it was open for about two days and when I woke up the next morning of the third day it was up like 250 as I was quickly freaking ecstatic I closed it and it got me 245 pips because it was right after a news announcement so the market was extremely volatile.

So that is my risk management. Here is the plan I created and wrote down and followed it exactly. My month goal was 400 pips. And brother let me tell you if you cant get a messily 400 pips per month you need to find another strategy, because there was weeks I made almost my monthly goal. So the first 'round' (that's what I like to call it) I made $1 per pip for 400 pips earning me $400. Next round $2 per pip for 400 pips earning me $800. And so on and so forth within the first full year of trading I made $30k from $650 starting balance. I was extremely excited because I didn't do anything to earn this money! Forex for me is a money printing machine because I would withdraw money and immediately make that money right back like it was free money! So year two starting with roughly $30k in my account I started the first round of that year making $12 per pip. At the end of the second year I had made $100k out of my $30K at the end of the year I was making about $10k per round! Starting year 3 and withing about 3 months of the year I maxed out what I wrote for my goal I wanted to be making $100 per pip at 400 pips per 'round' and now I'm currently making $40,000 per round only risking $5,000 per trade, my best month to date was (rounded up) $100k within 1 month.

Since then my daughter and I live in a extremely nice neighborhood, I am a member at the prestige country club and golf course they have, I take her and pick her up everyday to and from her Christian private school (tuition is about $10k for this year), I bought (with cash) a 2014 GMC Denali 2500HD DIESEL (huge lift, mud tires, just ridiculous) and I put down $60k on my 2008 Lamborghini Gallardo Superleggera because that's the goal we all wanted anyways was a supercar. And I have started investing in silver, gold and platinum bars. Other than that I mean I have perfect credit so I have a Chase Sapphire Preferred credit card and a Amex Platinum card which I use for her and I to eat at those 'fancy' restaurants and for traveling. But we still enjoy our Mc. Donalds lol nothing makes me laugh more than drive through fast food in the Lambo. God is extremely important in my life and I know that without Him none of this would have been possible. I donate money to our church in the thousands of dollars and I am currently talking with our local hospital to see if I can't buy my own wing! I just think that would be very admirable and I'm a cocky SOB so I want my name on it! lol. Just trying to be a good person and not the normal rich A holes.

In closing, YOU CAN make amazing returns on a very little investment of $650 in cold, hard, last money to my name cash. Losing or giving up was not an option, failing my daughter was not an option, luckily I had great people around me who believed in me and supported me for that first year. God is a very amazing guy and I highly recommend you ask Him to come into your life! I hope anyone who reads this does just that and one day we can kick it in Heaven together. God Bless and Happy Trading! Don't give up! Make a plan, stick to it, and conquer it! It can be done! Trust in God, he will guide you down the path He has planned for you.

Never lose pips!
Medlem sedan Dec 29, 2013   41 inlägg
Jan 11, 2014 at 11:32
By tryouts I mean trading demo for 20 trading days to make 7% with max 4% loss allowance and trailing equity stop never 4% down from new equity top, never lose more than 2% a day and 55%winning days. This guy is so good I think he can do it first attempt. Then he can trade as much live as he traded on demo with prospects of trading even more.

Master_Kiwa posted:
HolyCow posted:
Account results look very good. I still wonder, why with this level of skills not to try tryouts and get funded. If what is posted is true, this guy should have no problem at all to pass tryouts and get himself $30 000-150 000 right form the start. No way retail trader can make it with few thousand account. Engineers learn skills to sell those skill, so does everybody.

 Well I am not sure what 'tryout' you are referring to, but what I can say is that that trader is the real deal. He is on myfxbook and other third party websites to not only gain a following, but show that consistent profits can be gained in forex.
Medlem sedan May 30, 2012   134 inlägg
Jan 11, 2014 at 21:15
@Brett Kloesel (SCUMMY666)
like the story
I am the change in the market that causes you to lose :p / Watch out before I negative pip you! ^^
Medlem sedan Apr 14, 2013   402 inlägg
Jan 11, 2014 at 22:00
FxMasterGuru posted:
The history of this strategy is only 2 months old, it is too early to make any well-founded statements about it.

  I think you're failing to understand my point. The guy has turned over 6000% profit. It doesn't matter how long he has traded. The % change is the underlining stat. A person doesn't have to trade for thousands of years or hours to turn profit. It all boils down to a persons system and level of self-control once a trade goes against them. As I've mentioned before drawdown % is by far one of the most OVERRATED stats in forex, mainly because a low % drawdown doesn't reflect at all how accurate your system actually is.A person can have a drawdown of 4% which translates to negative 800 pips. While someone can have a drawdown % of 20% which translates to 80 pips. A person who cuts his/her loss at 80 pips are much more disciplined then someone who holds a 800 pip loss.
Focus on pip-drawdown
Medlem sedan Apr 14, 2013   402 inlägg
Jan 11, 2014 at 22:02
HolyCow posted:
By tryouts I mean trading demo for 20 trading days to make 7% with max 4% loss allowance and trailing equity stop never 4% down from new equity top, never lose more than 2% a day and 55%winning days. This guy is so good I think he can do it first attempt. Then he can trade as much live as he traded on demo with prospects of trading even more.

Master_Kiwa posted:
HolyCow posted:
Account results look very good. I still wonder, why with this level of skills not to try tryouts and get funded. If what is posted is true, this guy should have no problem at all to pass tryouts and get himself $30 000-150 000 right form the start. No way retail trader can make it with few thousand account. Engineers learn skills to sell those skill, so does everybody.

 Well I am not sure what 'tryout' you are referring to, but what I can say is that that trader is the real deal. He is on myfxbook and other third party websites to not only gain a following, but show that consistent profits can be gained in forex.

 1) Demo almost NEVER translates into a live account.
 2) That trader is already trading in a live account.

 Why don't we talk about his positions to see how accurate his system is. That would be way more productive then anything else being mentioned in this thread.
Focus on pip-drawdown
Medlem sedan May 04, 2012   1608 inlägg
Jan 12, 2014 at 04:19
Master_Kiwa posted:
FxMasterGuru posted:
The history of this strategy is only 2 months old, it is too early to make any well-founded statements about it.

  I think you're failing to understand my point. The guy has turned over 6000% profit. It doesn't matter how long he has traded. The % change is the underlining stat. A person doesn't have to trade for thousands of years or hours to turn profit. It all boils down to a persons system and level of self-control once a trade goes against them. As I've mentioned before drawdown % is by far one of the most OVERRATED stats in forex, mainly because a low % drawdown doesn't reflect at all how accurate your system actually is.A person can have a drawdown of 4% which translates to negative 800 pips. While someone can have a drawdown % of 20% which translates to 80 pips. A person who cuts his/her loss at 80 pips are much more disciplined then someone who holds a 800 pip loss.

Well, the 'Forex cemetary' is full of the corpses of strategies with an initial winning series of 4-6 months, after which they just fail REALLY badly, wiping out most of their profits within weeks. (Of course, there are numerous potential reasons why a stragy could fail after 4-6 months of stable profitablity.)

To consider a strategy robust and stable, in my opinion IT DOES MATTER how long the strategy has been traded, as TIME would allow to assess how well the strategy can deal with different market scenarios or how stable the traders psychological setup is (among others factors). And there is nothing wrong with having different opinions.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Medlem sedan Dec 29, 2013   41 inlägg
Jan 12, 2014 at 07:32
I am referring to Topstep traders tryouts. If trader can trade profitably within those parameters on demo chances are good he will make it on live account.
The problem with all guys on myfxbook that they are doing whatever they are doing and have no limits of any kind, while those who trade even demo on Topstep are trading under control and under limitation regarding downside. People also pay to participate in demo tryouts so it is not exactly demo... It is hard to make profit under those limitation and I doubt most of those who turn profit on myfxbook can do it under topstep rules. all tardes must be closed by 4:14 a.m. est ... and many other limits.
The trader in question is trading some $7000. With his skills I believe he would benefit from taking tryout getting funded and trading considerably larger amount with very good split.

Master_Kiwa posted:
HolyCow posted:
By tryouts I mean trading demo for 20 trading days to make 7% with max 4% loss allowance and trailing equity stop never 4% down from new equity top, never lose more than 2% a day and 55%winning days. This guy is so good I think he can do it first attempt. Then he can trade as much live as he traded on demo with prospects of trading even more.

Master_Kiwa posted:
HolyCow posted:
Account results look very good. I still wonder, why with this level of skills not to try tryouts and get funded. If what is posted is true, this guy should have no problem at all to pass tryouts and get himself $30 000-150 000 right form the start. No way retail trader can make it with few thousand account. Engineers learn skills to sell those skill, so does everybody.

 Well I am not sure what 'tryout' you are referring to, but what I can say is that that trader is the real deal. He is on myfxbook and other third party websites to not only gain a following, but show that consistent profits can be gained in forex.

 1) Demo almost NEVER translates into a live account.
 2) That trader is already trading in a live account.

 Why don't we talk about his positions to see how accurate his system is. That would be way more productive then anything else being mentioned in this thread.
Medlem sedan Oct 28, 2009   1423 inlägg
Jan 13, 2014 at 10:05
Master_Kiwa posted:
stevetrade posted:
While an impressive result that looks as though it's being over-traded and sooner or later it'll margin call.

Best regards Steve

 Steve you are very pessimistic. Over trading or under trading is simply a bias view of how to trade. Steve's point of view occurs when one has had no success in trading. If he margin calls or not isn't the question. What is in question is the % change and his DD. This guy could easily walk away from forex and have out performed almost 99.9% of the retail traders.

Priceless. Yep you caught me, I have no success at trading.
Best regards Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Medlem sedan Mar 08, 2011   90 inlägg
Jan 13, 2014 at 12:32
stevetrade posted:
Priceless. Yep you caught me, I have no success at trading.
Best regards Steve

If the demo is not even on the good results that you do in the section experienced traders?😄

Best regards Andrey
The strategy gives a 15% profit per month.
Medlem sedan Nov 29, 2013   5 inlägg
Jan 13, 2014 at 12:32
Steve, you mean you do not have success in trades, i can see you have been here for long from you counts of posts, so my question is this, do you still trade then?
He that can have patience can have what he will
Medlem sedan Nov 29, 2013   5 inlägg
Jan 13, 2014 at 12:32
Steve, you mean you do not have success in trades, i can see you have been here for long from your counts of posts, so my question is this, do you still trade then?
He that can have patience can have what he will
Medlem sedan Oct 28, 2009   1423 inlägg
Jan 13, 2014 at 12:44
Wow has it been that long, crap I should be a millionaire by now.
Best regards Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Medlem sedan Apr 14, 2013   402 inlägg
Jan 13, 2014 at 16:18
IndigoCapitals posted:
Steve, you mean you do not have success in trades, i can see you have been here for long from you counts of posts, so my question is this, do you still trade then?

  The thing about bloggers who trade is they can preach, but can't preform. Then when someone is able to out perform them they use statements as Steve did. To sum it all up we are all here to earn funds. Not to have a super low drawdown with almost 0 % profit to claim to be the best.The best are those who can turn profit over and over and over again. Those are the ones who will go down as being the best traders. 5% profit should be a rather obtainable stat to achieve daily. Even per month, but once you start following the lead of so called 'guru's' who care more about 'R:R' AND '% DRAWDOWN' then you get away from the only purpose we are here in the first place trading.
Focus on pip-drawdown
Medlem sedan Apr 14, 2013   402 inlägg
Jan 13, 2014 at 16:24
FxMasterGuru posted:
Master_Kiwa posted:
FxMasterGuru posted:
The history of this strategy is only 2 months old, it is too early to make any well-founded statements about it.

  I think you're failing to understand my point. The guy has turned over 6000% profit. It doesn't matter how long he has traded. The % change is the underlining stat. A person doesn't have to trade for thousands of years or hours to turn profit. It all boils down to a persons system and level of self-control once a trade goes against them. As I've mentioned before drawdown % is by far one of the most OVERRATED stats in forex, mainly because a low % drawdown doesn't reflect at all how accurate your system actually is.A person can have a drawdown of 4% which translates to negative 800 pips. While someone can have a drawdown % of 20% which translates to 80 pips. A person who cuts his/her loss at 80 pips are much more disciplined then someone who holds a 800 pip loss.

Well, the 'Forex cemetary' is full of the corpses of strategies with an initial winning series of 4-6 months, after which they just fail REALLY badly, wiping out most of their profits within weeks. (Of course, there are numerous potential reasons why a stragy could fail after 4-6 months of stable profitablity.)

To consider a strategy robust and stable, in my opinion IT DOES MATTER how long the strategy has been traded, as TIME would allow to assess how well the strategy can deal with different market scenarios or how stable the traders psychological setup is (among others factors). And there is nothing wrong with having different opinions.


  In most cases it isn't the actual system. It is the trade. Most traders trade Manuel only to not follow the rules of the 'system' which in turn causes bias and massive losses.
Focus on pip-drawdown
Medlem sedan Oct 28, 2009   1423 inlägg
Jan 13, 2014 at 16:26
Sigh, okay, goodbye Master Kiwa.
Best regards Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
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