what is the system or strategy they used ?
They use the Waddah system.
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 ?
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.
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. :)
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
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
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 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
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
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 ...)