Conquering final fx frontier – the global challenge

Discussion in 'Forex' started by howardroark, Dec 30, 2016.

  1. howardroark

    howardroark Well-Known Member

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    100 TRADES ... 100 DAYS ... 1,000$-10,000$ ...
    You read it RIGHT and I MEANT IT ...
    Few Traders tried it earlier, but could not cross the finishing line and I’m hoping, with a proper trading strategy and Risk Profiling, to cross that Final Barrier.
    Salient features:
    All the Trades carry 50 pips Emergency SL (Broker feed getting disrupted / Net outage / Un foreseen news event / Natural disasters etc). When I’m personally managing the trade/s, I do not allow more than 25 pips to go against me.
    Maximum Risk of 10% of the INITIAL Equity, with all open positions, meaning one cannot lose more than 100$ (of 1,000$ equity). That is Mean R2R of 1:90.
    Maximum 5 open positions.
    Once the profit reaches a particular stage, I will only risk some % of the generated profits, keeping the equity and some profits, safer.
    Might not be able to post all the entry and exit rules. But will always answer any questions and/or doubts. Will update the trades and the profit / loss thereof at the end of each trading day.
    Lot size will gradually increase from Micro to Mini to standard with every increase in the profit. Will revert to the previous lot size, if and when there is/are any loss trade/s.
    Trend Trades and Counter Trend Trades will have different lots sizes and different Limits and Stops.
    I also take this opportunity to thank Eelfranz (Big E), Rick Gallowy, emmanuel7788, Phx, TheScorpS and the Whole bunch of Trading Made Simple (Forex Factory) for making me The Trader that I’m today. I owe my success to this family and I own all the mistakes that I might make.
    I will start the Challenge from 05/01/2017, from London Session (13 30 IST)

    Wish me Luck Guys ...:thanx:
     
    Last edited: Dec 30, 2016
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  2. howardroark

    howardroark Well-Known Member

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    Real Time Trade/s update/s will be available on www.zulutrade.com. Will provide the link on 04/01/2017.
    And I'm taking this challenge from a LIVE ACCOUNT, not a DEMO ACCOUNT.
     
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  3. manojborle

    manojborle Well-Known Member

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    Best luck in your endeavour and may you win the final frontier.
     
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  4. praveen98

    praveen98 Well-Known Member

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    Wish you All the Best and Good Luck for the challenging endeavor:thumb:
     
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  5. bpr

    bpr Well-Known Member

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    Good luck.

    I have 2 question.

    What broker you are using ?

    What is your shrpae ratio?
     
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  6. howardroark

    howardroark Well-Known Member

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    I'm using 2 brokers ...
    Hantec Market, being FSA / FCA regulated, is always the preferred broker ...
    But as they do not have tie up with Zulutrade, I'm using Instaforex to provide signals and for mass availability.

    I'm sorry, but I did not get your 2nd question ...
     
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  7. desifxtrader

    desifxtrader Well-Known Member

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    All the Best ...

    [​IMG]
     
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  8. howardroark

    howardroark Well-Known Member

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    Here is the list of Indicators that I use for my trading decisions ...
    Though I use these Indicators, I also do Weekly Big Picture Planning (Predictive Analysis) with Key Price Levels ...
    As far as I'm concerned ... My trading is about ... "What Do I see (Acknowledge a trade-able set up), What does it mean to me (Analyse the Trade-able set up), What do I do (Act)?" ...

    [​IMG]

    Forgot to add in the picture ... I use TDI as an Oscillator, to know OB & OS levels and general Investors / Market sentiment ...
     
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  9. bpr

    bpr Well-Known Member

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    ok both broker looks like market maker/unreliable/shady just my 2 cents.

    Why don't you trade throgh/via LMAX?
     
  10. howardroark

    howardroark Well-Known Member

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    Hantec Markets ... MM / / unreliable/Shady ... NEVER EVER ... M trading with them since 3 years ... have withdrawn 13 times my equity ... n Its huge ... Hantec is the ONLY broker (operating in India), which is FCA regulated ...
    As far as Instaforex is concerned, I made it very clear ... Trading with them ONLY to provide signals through zulutrade ...
    If you went through FPA for your observations, understand FPA is the BIGGEST scam ever in FX ...
     
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