- Sep 7, 2012
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I am not trying to make things easier...I am trying to make them as hard as possible.
From $1 to Million - Forex Journey
- Thread starter OnlineA
- Start date
I am not trying to make things easier...I am trying to make them as hard as possible.
B1TCS
Power Member
- Jan 30, 2018
- 788
- 880
I don't see a reason to don't try, with 100k funded account if you make 10% in a month you just made $10k with the profit split of 70% you receive $7k.
Better than making many percent on small accounts which results in pennies...
charles89
Registered Member
- Mar 27, 2008
- 64
- 136
I don't think OP would love such thing as he's comfortable with 10x or 100x the initial fund in short time. FTMO have limitation where you can't risk any more than 5% per day (conservative type). It's impossible for getting 10x or 100x return with 5% daily risk in few months. It's not challenging and not fun
B1TCS
Power Member
- Jan 30, 2018
- 788
- 880
It doesn't matter because like I said 10% is enough to make huge amount in 1 month...I don't think OP would love such thing as he's comfortable with 10x or 100x the initial fund in short time. FTMO have limitation where you can't risk any more than 5% per day (conservative type). It's impossible for getting 10x or 100x return with 5% daily risk in few months. It's not challenging and not fun
An Asian guy made over $100k profit in a year with them, a small percentage in big accounts is a lot of money.
I don't think OP would love such thing as he's comfortable with 10x or 100x the initial fund in short time. FTMO have limitation where you can't risk any more than 5% per day (conservative type). It's impossible for getting 10x or 100x return with 5% daily risk in few months. It's not challenging and not fun
OP's regular investment accounts have a far stricter risk management. This one here is just for promotion.
- Sep 7, 2012
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These small accounts are for fun, as I mentioned in my first thread post...I trade bigger accounts than what FOTM can give me, they are not public.
B1TCS
Power Member
- Jan 30, 2018
- 788
- 880
These small accounts are for fun, as I mentioned in my first thread post...I trade bigger accounts than what FOTM can give me, they are not public.
In this situation makes sense
Good luck with your journey.
kweiss
Power Member
- Feb 3, 2016
- 553
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I hope you don't mind but I looked at your trading and reverse engineered your trading a bit and fixed some things. Fix meaning, I can find better entries and solve the account burning issue.
The account has been running since the December 2020. Things are looking good. I did thousands of back tests and decided to go live immediately since your results were already positive, mine should be too after the fixes.
As you can see the drawdown is very low at under 3%. So your method does work extremely well with some tweaking to it. The back testing gave excellent results too!
I made a rule to withdraw some funds after a certain amount of profit has been reached.
I intend to make this into a trading journey. The relevance to BHW is that I will need to setup a website and push that forward. I intend to create a link for people to copy my trades. I can earn a percentage off the profits the copiers are making. I can also put up adsense and affiliate links. Since I work in website management and SEO, I am online a lot and should be able to push my website to the top of Google's SERP. I will create an extra thread for that journey.
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lonewolf45
Newbie
- Oct 20, 2020
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- 7
Its impressive and following this thread
- Sep 7, 2012
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Those stats look too good to be true! What do you mean with "reverse engineered" my trading? Since I am not using any robot or any kind of automated trading...so even I don't know what trade I am going to make next day...lol
- Sep 7, 2012
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Well, risking less doesn't mean solving the "burning issue", if you target 5000-10000% in a month, there is no way to get around that kind of risk.
kweiss
Power Member
- Feb 3, 2016
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I know! I can't believe my eyes either. I could post the myfxbook link here if that is allowed as more proof. I am using cTrader so I cannot connect my account to FF. I hope they upgrade that soon!
Reverse Engineering: I looked at your positions. Since you were already making profit, that means your entries are good. So, based on your entries, I managed to find entry points using PA and indicators. Basically, I looked for signals to open a trade. I filtered these indicators. I found 5 that work very well with giving me an entry. I use 3 to take an entry. and 2 - 3 for an exit.
kweiss
Power Member
- Feb 3, 2016
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Am I allowed to?Please post it.
kweiss
Power Member
- Feb 3, 2016
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That is one of the solutions to solving the burning issue: I do not place a monthly target or even a daily one. I just trade and ONLY trade when the markets give me a signal. No signal means no setup which means no trade so I sit on my hands. But there are so many pairs to trade out there that there is not a single day that goes by without the strategy picking up a setup. My current problem is actually trading less. But having open positions (exposure) always means risk!
If OP allows it in his thread, then yes. BHW doesn't mind, I think. I've seen myfxbook links frequently, including here by OP.
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Of course I will, I will be happy to see it!
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But I meant the part about my trades...since those are trades of the past...and my live trades are not posted anywhere. And I do not follow any so called strategy when looking for trades...so I am really curious how were you able to automate that part.
kweiss
Power Member
- Feb 3, 2016
- 553
- 239
Ok, here it is: http://www.myfxbook.com/members/TradingMastersX/4500/7810129
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