[Journey] Turning $100 into $1k trading Forex

[Hazzard]

good luck for your journey

 

[prutser]

good luck bro, trading bots are interesting
martingale however is a strategy that originated in gambling?

 

[my-namejeff]

good luck for your journey

Thank you

 

[my-namejeff]

good luck bro, trading bots are interesting
martingale however is a strategy that originated in gambling?

Thank you. I believe so, however original martingale is to double the risk every time you are in a loss. This bot increases the lot size by 1.3 times instead of doubling.

 

[my-namejeff]

Monday 27th May 2024 profits:

0.474 cents

Account balance: $205.89

Market was slow due to bank holiday. Lots of positions are currently opened so once they hit TP there should be some nice profits.

 

[Hazzard]

following your journey

 

[AllyBarns]

Your profit, account balance, and screenshot is not saying the same story.

 

[AllyBarns]

Nothing is fake here. If you don't believe the screenshots then check the myfxbook link. And no, I will never sell the bot

Your myfxbook link doesn't show $200 as account balance. It has 10,000 USC as deposit.

 

[my-namejeff]

Your myfxbook link doesn't show $200 as account balance. It has 10,000 USC as deposit.

You clearly don't know how to read myfxbook. The initial deposit was 10,000 USC which is equal to $100.

And the current balance is 20,850 usc which is equal to $208.50

I am using a cent account which I mentioned at the beginning.

And the reason the figures may be off by a couple cents is because the broker charges admin fees for holding positions overnight since I am using a swap free account.

 

[my-namejeff]

Tuesday 28th May 2024 profits:

$6.24

Account balance: $212.13

 

[my-namejeff]

Wednesday 29th May 2024 profits:

87 cents

Account balance: $213

 

[my-namejeff]

Thursday 30th May 2024 profits:

$2.52

Account balance: $215.52

 

[my-namejeff]

Friday 31st May 2024 profits:

$1.14

Account balance: $216.66

 

[my-namejeff]

Monday 3rd June 2024 profits:

$2.54

Account balance: $219.20

 

[my-namejeff]

why are the profit margins so small ?

The profits are relative to the account size. It averages about 1% a day which is very good. It will be very hard to get those returns in other businesses. As the account balance increases, I will adjust the lots higher.

 

[my-namejeff]

Tuesday 4th June 2024 profits:

$2.04

Account balance: $221.24

 

[v0y4g3r]

Impressive.

 

[my-namejeff]

Impressive.

Thank you

 

[my-namejeff]

Wednesday 5th June 2024 profits:

$1.04

Account balance: $222.28

 

[TechEinstien]

Good Luck.