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what is the system or strategy they used ?

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Waddah
55
Waddah  

hello all ..

i will become crazy from the  forex contest ....

last contest it participate in , start yesterday with 10000 usd and leverage 100  

today the first 5 positions doubled the balance almost 6 times (57800 USD ) 

haw they do it ? any one can explain , which system they use ? 


most of them are from Asia (Indonesia , China , Malaysia ...) 

Marco vd Heijden
Moderator
5800
Marco vd Heijden  

They use the Waddah system.

forextime8
625
forextime8  
Waddah:

hello all ..

i will become crazy from the  forex contest ....

last contest it participate in , start yesterday with 10000 usd and leverage 100  

today the first 5 positions doubled the balance almost 6 times (57800 USD ) 

haw they do it ? any one can explain , which system they use ? 


most of them are from Asia (Indonesia , China , Malaysia ...) 


can i see the contest link ?

fxmonsterd
6
fxmonsterd  

If the contest is on a demo account, don't bother about what system they used. You don't need a trading system to increase a virtual fund on a demo account. If you try that on a real account, you are toast.

Mohamad Zulhairi Baba
7859
Mohamad Zulhairi Baba  
Waddah:

hello all ..

i will become crazy from the  forex contest ....

last contest it participate in , start yesterday with 10000 usd and leverage 100  

today the first 5 positions doubled the balance almost 6 times (57800 USD ) 

haw they do it ? any one can explain , which system they use ? 


most of them are from Asia (Indonesia , China , Malaysia ...) 


I'm from Malaysia, and I know some of them.
They use proprietary system that you won't find it anywhere on the internet. :) 

Waddah
55
Waddah  
Mohamad Zulhairi Baba:

I'm from Malaysia, and I know some of them.
They use proprietary system that you won't find it anywhere on the internet. :) 


then haw to find this system , do you have and more details please

mntiwana
3608
mntiwana  

Dont be crazy and curious,demo accounts,back testing and contests seems like elephant teeths,for showing some thing different than eating teeths - comparing to real and your own account when you trade live

Mohammad Soubra
32062
Mohammad Soubra  
By my opinion, it is NOT the demo or back test that all people blame!

There are a lot of tricks and/or strategies doing such as crazy profits..
But usually, these systems need a broker or an account type (etc..) whithout these conditions the trading robot(s) may not give any profit while it may only lose.

Again, I beleive these ideas are depend on LATENCY and COMPAIRING LATENCY like placing two experts on two brokers, each one has milliseconds of quotes to change and follow the international rates. These milliseconds may give a good entry timing in the opposite faster broker.
John McGovern
12
John McGovern  

Hi,

The demo account uses the same tick feed as the live trading account. If all of the broker settings are the same for the demo account and live account the results will be the same over the same tick data.

If I start at an equity of 1,000 dollars, and trade at 100:1. My first trade would risk 1000.00 where each trade be worth 100.00, so I would have only 10 pips in the wrong direction to loose the entire 1000.00

dollars. If the price movement moved 10 pips to my take profit before loosing 10 pips first, then I would win 1000.00 dollars - 200.00 for the spread payment to the broker at a 2 pip spread. For the trade my equity would be 1800.00 dollars. If I kept winning, without loosing any, this is how much I would win:


Trading at a leverage of 100:1 each time;

trade number | equity                      | pip  value         | spread payment to broker for placing the trade | Won                     | Gain             

1                      $1,000                        100                      200                                                                      800                        10 pips

2                      $1,800                        180                      360                                                                      $1,440                   10 pips

3                      $3,240                        324                      648                                                                      $2,592                   10 pips

4                      $6,480                        648                      $1,296                                                                 $5,184                    10 pips

5                      $11,664                      $1,166.4               $2,332.8                                                              $9,331.2                 10 pips

6                      $20,995.2                   $2,099.52             $4,199.04                                                             $16,796.16             10 pips

7                      $37,791.36                 $3,779.14             $7,558.27                                                             $30,233.13             10 pips

8                      $68,024.49                 $6,802.45             $13,604.90                                                           $54,419.6               10 pips

9                      $122,444.09               $12,244.41            $24,488.82                                                           $119,955.28           10 pips

10                     $242,399.37              $24,239.94            $48,479.84                                                           $193,919.56            10 pips

11                     $436,318.93              $43,631.89            $87,263.79                                                           $349,055.11            10 pips

12                     $785,374.04              $78,537.40            $157,074.80                                                         $628,299.20            10 pips

13                     $1,413,673.24           $141,367.32          $282,734.65                                                         $1,130,938.55          10 pips                                                   

14                     $2,544,611.79           $254,461.18          $508,922.36                                                         $2,035,689.44          10 pips

15                     $4,580,300.44           $458,030.04          $916,060.08                                                         $3,664,240.32          10 pips

16                     $8,244,540.76           $824,454.08          $1,648,908.15                                                      $6,595,632.65          10 pips

17                     $14,840,173.41         $1,484,017.34       $2,968,034.68                                                       $11,872,138.72        10 pips

18                     $26,712,312.13         $2,671,231.21       $5,342,462.43                                                       $21,369,849.7          10 pips

19                     $48,082,161.83         $4,808,216.18       $9,616,432.37                                                       $38,465,729.46        10 pips

20                     $86,547,891.29         $8,654,789.13       $17,309,578.26                                                     $69,238,313.03         10 pips

21                     $155,786,204.32       $15,578,620.43     $31,157,240.86                                                      $124,628,963.46       10 pips

22                     $280,415,167.78


To win the $280,415,167.78, two hundred and eighty million dollars, in 21 consequtive trades from a starting forex account of $1,000, every trade risks the entire equity balance 21 times in  a row

at a leverage of 100:1 for a win gain of 10 pips each time and the stop loss is never hit for each of the 21 trades.

I Wayan Sumertayasa
147
I Wayan Sumertayasa  
I am from indonesia..  To my knowledge it is about growing your account exponentially..  But we do not use full margin because there is still some risk left. It more about MM then techique.  Most of us use naked chart...  Sometimes only MA to see trends. 
Waddah
55
Waddah  
I Wayan Sumertayasa:
I am from indonesia..  To my knowledge it is about growing your account exponentially..  But we do not use full margin because there is still some risk left. It more about MM then techique.  Most of us use naked chart...  Sometimes only MA to see trends. 

yesterday another contest start at EXNESS the first position , doubled the account 6 times in 8 hours , so if you have time can you explain that with details pls 

12
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