College Fund Challenge

What type of Hotforex accounts are you using on Accounts one and two (the two accounts published to MT4 stats web site)? Standard or mini?

Account 1 is HotFX Standard
Account 2 is mini with IntelFX

When account 2 grows, I'll need to switch it to standard.

To Traderman1,
The indicators and filters that the EA is using for the entry signal is almost irrelevant. The trade entry can be the same as a coin toss in this EA. This system is based around showing small wins versus a very large (but infrequent) account busting loss. The loss in this case is equal to 10 times the win.

Marketers of this type of system (and there are many of them on the Zulutrade and MT4 forums ), try to sell as many of the EA as quickly as possible before the EA has its inevitable loss or losses which destroy the account.

tkbieber is risking UPWARDS of 60% of account balance on each trade. to maximize the sexiness of the returns so that he can sell more EAs. When it collapses and busts his account, he will return here under another alias and with a minor modification to the EA and sell it all over again.

The stop losses are 250 pips. Only two losses in a row and this account is toast.

Oh my here we go.
Ok, while you may think the indicators are irreverent, a "coin toss" would get it wrong about 50% of the time. These indicators have got it correct for 13 months now and counting. (of course the future is not decided by history)

Let me clarify perhaps a misconception from you. I am not a "marketer". That's ridiculous. I would never need to market my system as I make plenty of $ from my own trading using this system. All I do is help my family, and friends and now their friends. Word of mouth has a way of spreading the news without my help of "marketing".

I think you have me confused with the crazy Plimus or Clickbank promoters who have some hyped up web site and then try to sell you more stuff after you pay the $99 for a junk robot. Oh, and when you try to leave their site, it takes 7 times of clicking on the "get me our of here" button before it lets you leave the site. Trust me, I can't tell you how many of these crazy robots or systems I bought before I came to my senses. But no, I am not one of "those" either.

I suppose anything is possible when it comes to having two bad trades in a row so I can't and won't address that. What I will say is let's not loose perspective,,, If I began with $100 July of 2010 averaging 50% gain a month, the account would already be $12,874. If I had two losers in a row beginning tomorrow, I'd still have $2059. If you call that blowing ones account, well then I guess a gain of +1959% a year is just so little, I might as well call it a blown account and quit trading forever.

Ok, so I didn't start with $100 bucks a year ago but I did start back in May with $100. I started this thread with a PERSONAL challenge to MYSELF to see if I could trade $100 for 2 years with an ending balance of $2,000,000. So far I am on track with a balance of $691.10. If I lose two trades in a row starting tomorrow, I'd still be $110.57 and up by 10%. Please help me understand how this is blowing my account?? Most large investment-minded people would love having a 10% gain every quarter.

Perspective perspective perspective, my friend.

You are clearly not a large investment-minded person for playing with the tiny amount of money. Which is just as well since the risk is too great for any larger amount. If you keep making 1 pip while risking 60% of the account, you will soon find your having no investment at all.

Do you really only risk 60% of the account ? For some reason I thought you always risk 100% and add on more 'family-and-freind' money as the margin call approaches ?

1 pip today
I understand all the concerns about this form of trading..|The proof will be in the pudding in about two years time..I personally will have only invested $ 212.56 from the beginning of this challange..If in time if proves to be false, my 212.56 will have been lost...BUT...what if time it does prove to be sucessful as we hope it will be, then what? All the nay sayers will say it was luck or some other hogwash..Look, my view on trading is the same as in life, sometimes you have to take calculated chances, because if you don't, you know what happens?...NOTHING!!!!

I'm not sure how you got that idea but sorry, you were mistaken.

I never get margin-called even if it does go neg 60%. It's all about how you leverage.