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:
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:
Conquering final fx frontier – the global challenge
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