College Fund Challenge

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.

    Votes: 78 58.2%
  • You think I will somewhat earn a profit $200-$1,500.

    Votes: 17 12.7%
  • You think I will get a pretty good return but not close to $2,000,000.

    Votes: 27 20.1%
  • You think I will get way more then $2,000,000.

    Votes: 12 9.0%

  • Total voters
    134
  • Poll closed .

tkbieber

Established member
Messages
634
Likes
2
With much thought, I have decided to open up a journal for everyone to see. I have challenged myself to turn as little as $100 into $2,000,000 in two years. I use a simple EA called Turbo Morning Trade as a base but with very different settings. I offer this challenge to myself, however anyone who would like to join me at any time may.

I have just started so I don't have a lot of bragging rights as of yet but I do have quite a bit of back testing results to the tune of 61% gain on average per month. My goal is 30-60% a month forward results. I have opened two live accounts with $200 or under to begin with.

The results will vary a little between them as no two brokers will have exact results.

I will attempt to update per trade. Some trades are open for several hours or even days so I won't post every day.

I will post weekly results as well as monthly summaries.

Good luck to me and all those who take on my challenge. :clap:
 
Well, I wish you luck but I remain doubtful as will anyone who has been around a while. Keep us posted. If you do turn $100 into $2m in two years, we will regard you as a hero.
 
I'm curious how did you do your backtesting or what software did you use? Don't forget about slippage and be careful with leverage. It won't take much of an adverse move to wipe out an account if you are highly leveraged. Good luck on your trading.
 
I'm curious how did you do your backtesting or what software did you use? Don't forget about slippage and be careful with leverage. It won't take much of an adverse move to wipe out an account if you are highly leveraged. Good luck on your trading.

I went as far back as my data would allow, June 30 of 2010. I plugged in settings and ran hundreds of tests to come to my current settings. This works best on a broker with very tight spreads of 3 pips or less. I am using Hotforex and FXDD. FXDD is limited because of 1:50 leverage so the gains, I expect will be from 10-15% but Hotforex with leverage of 1:300, I can be more liberal with my risk. No, I don't think I am over leveraged but am highly and if 1 negative trade hits me, it will knock me down a bit but not wipe me out. I figure starting with $100, can't knock me down much anyway, right? :LOL: It account grows to $5,000 and a bad trade takes to down to $2,500 I'm still up a heck of a lot. Can't predict the future but 11 months of ZERO loss gets me pretty confident there won't be more than a possible 1 loss a year. (Fingers crossed) :LOL:
 
I figure starting with $100, can't knock me down much anyway, right? :LOL:

Say you're in a scalp trade, $20/pip, a stop of 5, that's $100 risk in one trade. Shock news comes out - Greece has been invaded by Germany who want their money back. Euro spikes down 50 pips. You now owe your broker $20x50. Catches out many (the excessive risk, not Germany invading all the time).
 
No trade again for the 3rd day in a row. :rolleyes:

The Month of May Totals
Account 1= +18% Grand total= -14%

Account 2= +32.7% Grand total= +32.7%
 
Finally, there was a trade for account 2 this week.

Account 1= For the week -- No trades
Account 2= For the week +5.7%

Account 1 should have had the same trade but for some reason it didn't. I checked the journal but not sure if there was a disconnect around that time or not. Quite frustrating but that's live trading for you. I'm sure if on a demo, it would have traded. :rolleyes: :LOL:
 
Ok, I have the totals for the month of May for the two live running accounts.

Account 1: No trade this week but there was a gain of +22% for the month so it is now down only -9.8%.

Account 2: There was one trade this week for +5.7% and the total for May was +32.7%.
Grand total= +40.2%

This week was a rather slow week. Account 1 made no trades even though it should have made at least one. I am not sure why the account didn't trigger a trade but that's how it goes sometimes. Account 2 did make a trade so at the moment, account 2 is ahead and doing nicely.


Have a great weekend! :)

Regards, Travis
 
Can't predict the future but 11 months of ZERO loss gets me pretty confident there won't be more than a possible 1 loss a year.

You already have more than one loss for the year, and the loss rate is higher than you anticipated. What is your evaluation of that ? Poor luck, bad market ?
 
You already have more than one loss for the year, and the loss rate is higher than you anticipated. What is your evaluation of that ? Poor luck, bad market ?

Zero loss so far and up 40% in less than 30 days. Not sure where you get this. Oh, if you are talking about account 1, those were different settings and have since changed the settings to where account 2 settings are. We will see in 2 years. That's why it's called a "challenge". :D
 
If you can keep your system working 400 days you will got it!!!:clap:
Oh your goal is 2,000,000 it need 480 days.:devilish:
 

Attachments

  • result.jpg
    result.jpg
    144 KB · Views: 470
Today the system did make a trade but for only 1 pip.
Hey, I'll take it. The market quickly moved down so better something than negative. :)

pic 1.jpg
 
Posting to keep this thread on my radar. Out of curiosity, are you still in college?
 
Posting to keep this thread on my radar. Out of curiosity, are you still in college?

No, I have been out for a while now but do have college loans to pay off which I hope this will in a few months. :D

To stay in your radar, you can bookmark my journal link from my site.

By the way, no trade today. :sleep:
 
A good movement in the market this morning for a nice

+12.7% for the week on account 1
and
+14.6% for the week on account 2 :clap:
 
Top