Starting Capital : £ 107
Duration : 8 months
Number of trades : 50+
End Balance : £ 1518
FTSE, DAX, Wall Street (sic)
Duration : 8 months 1 day
Number of trades : 51
End Balance : £ 0
Next!
It's amazing the results you can get on backtesting when you over optimise your algorithm.
Well, I suppose we should expect BS from an beast such as yourself. LOL. (Just kidding…sort of…)If those results are genuine, good work.
Obviously you can trade the plan well with such a small account, now you have to try and keep it up as your account grows and not let the money swings break your method. It's clear you have an edge, now you just have to reap the rewards in a scalable manner.
If you need help with the psychological problems of increasing your betting size and sticking to a trading plan under pressure then send me a PM, its my speciality.
Have a word with BlackBison, he’ll make you feel OK about that.Before few years Fxclub gave 100 $ for new accounts i turned them to 1300 $ in 48 hours trading GBP/JPY , i went short it was 227 , i forget , then i kept adding to my winning position , nice move , then i lost all in 24 hours ...
Completely new to this forum, but I have a simple question.....
What was the point of this thread to begin with.....
A) to impress everyone
B) to request advice
C) to discuss the power of compounding profits/high rate of winning trades
D) None of the above
You start a thread with that kind of title, I woulda expected a pretty grand dissertation of what made up the 1400% return, not just a quick summary of the results, which as stated by Bramble, hadn't included aW, aL, max risk/trade, max drdn....etc...
Sorry for being a critic at such an early stage of my membership here....I'm not looking for a freebie handout to your system nor am I trying to pry into your proprietary system....but I would like to hear the details of your adventure from that measly 50 pound (I'm using a US keyboard forgive me) to that huge return.
A, but failed miserably![]()
The purpose of the post was of course to share my success with other traders.
It was simply done by trading resistance and support. Also, I dont do technical analysis.
I follow the news and my gut instinct. Of course, with such a small base, trading in the beginning was extremely risky. But I had some luck on my side. Lady Fortune plays a big rol in trading, whether you like it or not. Nobody can predict the future even with the the best analytic tools.
As I keep my stake very small, the chances of me being wiped out diminishes every day. The more my account grows, the smaller my stake as percentage of capital.
I cannot supply you with all the figure you want as each trade is different according to market conditions. I dont follow a fixed strategy. My biggest loss have been 120 pips on the FTSE.
Experienced traders or the experts on this site will call me all kinds of things. But the facts speak for themselves. This was done over quite a long time frame and like I said more than 50 trades.
To win big, you must be prepared to lose big.
Sorry Melvin, I'm just jealous.Yes, it was done to bragg. And ........ all the spiteful remarks, shows I have hit the sweet spot![]()