Expert Advisor that turn 10,000 $ to 315,000 $ within 4 Months - page 2
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I didn't say anything about conquering the universe.
That's your own "absurd" extrapolation.
Is your automobile "absurd" because it will accellerate at 1 foot/per second/per second, but can't aceive light speed?
I didn't say anything about conquering the universe.
That's your own "absurd" extrapolation.
No. If you can achieve 2.633% per day over 80 days, why can't you continue do it over a 240 day trading year? What, exactly, is absurd about my extrapolation?
Exponential growth always has its limits.
That doesn't say you can't take advantage of part of the curve
Is your automobile "absurd" because it will accellerate at 1 foot/per second/per second, but can't aceive light speed?
Which part of the mechanics of an automobile are you likening to the limiting factor on achieving this kind of return in forex? If we go back to the original strategy being discussed, assuming an increase in lot size to achieve the compounded return, it takes quite a time for it to reach even the minimum order size required by liquidity pools such as Hotspot. The first tens of millions of profit should be readily achievable...
"The first tens of millions of profit should be readily achievable..."
Now you seem to be saying it is not absurd.
"The first tens of millions of profit should be readily achievable..."
Now you seem to be saying it is not absurd.
Ah, no, I was joking. There is no reason in terms of things like market liquidity why a return of 2.633% per day - if achievable - could not be scaled up for a long time. I don't see why it's achievable over 80 days but not over 240 days or 480 days. In other words: I don't understand your automobile analogy.
I agree with both jjc and phy in different ways. Strategies I've seen that seem too good tend to be either:
- Very wrong or
- Very temporary
What I've observed in this thread:
Shinigami should read up on money management - MM strategies are as important and varied in their implementation as signal generation strategies - we don't all start with an arbitrary position size and jack it up in line with performance
Mrgmm would do well to get a handle on risk, portability, over-fitting, back-testing, sample size and the global shortage of "free lunches"
jjc takes the same approach as I do regarding critiquing strategies - ie. normally avoiding it, but treating the results as "light entertainment"
CB
Somehow this got deleted, so I'll replace it...
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"I don't see why it's achievable over 80 days but not over 240 days or 480 days."
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Trade leverage = 5
53 pips per day
A year = 260 days
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[...] The lot size becomes un-possible, I would say.
I've not verified the calculation, but mrgmm says "but if i used 0.25 lots used in the statement [...]". I think that means a quarter of the fixed lot size used in the statement, which is 9 * 0.25 = 2.25. Let's say that for the second period of four months, in order to repeat the eight-fold return, you trade an equally fixed 8 * 2.25 = 18 lots. And for the final third of the year, you trade 144 lots. I had a meeting with Hotspot a couple of months ago where they described their minimum order as $5,000,000. So, by the end of year 1 you're trading less than 3 times the Hotspot minimum order, so there should be no trouble continuing the returns for an absolute minimum of a year, supposedly translating into a 500-fold return. Therefore, I still don't see why my extrapolation from 80 days to longer time periods isn't reasonable. I entirely agree that it doesn't hold ad infinitum - as indeed I said at outset ("subject to..." etc) - but it holds for far longer than 80 days. Therefore, it's not unreasonable to question the reliability of results which see you achieving a 500-fold annual return. Unless, for some bizarre reason, the strategy is believed only to work via MT4 and its brokers.