College Fund Challenge

This is a discussion on College Fund Challenge within the Trading Journals forums, part of the Reception category; Originally Posted by tkbieber +1 pip for today . yes, 1 pip for me also!!!...

View Poll Results: How close to my goal of $2,000,000 do you think I will get?
You think I will blow the account and my $100 will be lost. 79 58.52%
You think I will somewhat earn a profit $200-$1,500. 17 12.59%
You think I will get a pretty good return but not close to $2,000,000. 27 20.00%
You think I will get way more then $2,000,000. 12 8.89%
Voters: 135. You may not vote on this poll

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Old Aug 31, 2011, 3:50pm   #232
Joined Oct 2010
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
+1 pip for today.
yes, 1 pip for me also!!!
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Old Aug 31, 2011, 10:20pm   #233
mjj
Joined Mar 2005
Re: College Fund Challenge

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

Quote:
Originally Posted by tkbieber View Post
Humm, well the direction of trade for the last 2 days?
Incorrect, trade is triggered when indicators say to trigger a trade.

Leverage of 1:200?
I use from 1:50 - 1:500 ******** standard accounts are 1:300 and mini is 1:500.

As with any system. If you expect a certain percentage of accuracy, say 70% accuracy, no need to worry and "pray". In fact, if you are comfortable about your trading style, you can relax and go on vacation. Once you become comfortable with your system, trading becomes fun and non-stressful.

I have multiple accounts where risk ranges from 5%-60% risk per trade.
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Old Sep 1, 2011, 12:26am   #234
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by mjj View Post
What type of ******** 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.
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Old Sep 1, 2011, 2:11am   #235
Joined Feb 2011
Re: College Fund Challenge

Quote:
Originally Posted by traderman1 View Post
Good morning tkbieber, please excuse my lack of knowledge about EAs, but can you answer the following questions.
-Are you saying that you do not know what indicators and filters the EA is using for its entry signals?
-How did you add your special sauce to juice it up if you don't know what its inbuilt indicators are?
-What time is the entry trade updated on your MetaTrader4 page? After the trade has closed ? or is there simply a delay on posting the entry? I was watching at 7.15 GMT, as shown on the MetaTrader4 page, today but saw no new entry.
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.

Quote:
Originally Posted by shewolf View Post
I think I understand it. You open a trade in the direction of the last 2 days.
You place a 250 pip stop loss on it. (And you pray that it does not take out the stop loss )
When it finally goes into profit of around 10 pips, the stop loss is moved to 1 pips above your entry price.
Your TP price is 25 pips on all trades.
You use leverage of 1:200
You risk UPWARDS of 60% of account balance on each trade.

Did I miss anything or am I mistaken on any point?
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Old Sep 1, 2011, 2:25am   #236
Joined Feb 2011
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
You should see an average of eight 25-pip wins a month and a few more 1-2 pip trades.

Yes, this system isn't about quantity but quality.
The stop losses are 250 pips. Only two losses in a row and this account is toast.
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Old Sep 1, 2011, 3:17am   #237
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by shewolf View Post
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.
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.
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Old Sep 1, 2011, 6:01am   #238
Joined Jun 2011
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
Most large investment-minded people would love having a 10% gain every quarter.
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 ?
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