Fellow Traders,

I would like to start my last forex experiment and analyze the progress with you, if you like of course.

Background: I am investing in forex market for four years now and I have gained some experience but would not say I am successful. All in all I am in minus. But I was ready for the minus and I knew it is hard job to gain some money in forex. At the same, I believe that forex market is providing a huge opportunity to become very rich if you are smart enough.

Now I have started my last experiment on forex. Why is it last? Because I think four years are enough time (you even can get an University diploma in four years ) to study the market. I have tried lot of strategies and found them ineffective. I have worked on my last strategy using all my knowledge practical as well as theoretical. If I fail then I am not smart enough for this market and I will look for my fortune somewhere else.

Rules of the Game: My experiment works as fallow: I have opened an 50.000 USD practice account within forex.com on 24.01.2008. The account will run for one month. That is at 23.02.2008 the experiment will be over. I will be a winner when I have get more than 45.000 USD and I will be defeated if I have less than 45.000 USD. Why 45.000 and not 50.000? because first day I have tried some other strategy and I have lost about 5000 USD. It will be a mistake to make the late strategy responsible for the loss. At the afternoon of 24.01.2008 I have started the new strategy. Further the game will be over sooner than 23.02.2008 when I have lost all my money available on the account.

Strategy: Please understand that I cannot reveal all details of my strategy because that is all what I have now – so it is my treasure. I will reveal all details when I will be defeated. Then you will know for sure which strategy you should avoid in the future . What I can say is: the strategy is very aggressive. I trade all available pairs on my platform. I am 100 percent technical. My daily profit target lies between 2000 – 3000 USD and I am ready to accept losses in the same amount.

How you can fallow: At the end of the experiment I will put login and password here. Till then I will put daily trading results in this thread.
The situation for this moment: I have had two trading days. The initial return is 4095 USD or about 10 per cent. Well it does not say anything. It can be only luck. Please see the file attached and note to start counting from transaction: EURÙSD. 24.01.2008; 13:12.

I welcome all your comments and I am ready to answer your question here. Hope there will be interesting discussion despite of the experiment outcome .


I remain,

Brian

Attached Images

BrianOtis-LastExperiment.pdf (40.3 KB, 83 views)

thanks for share ...practice account means demo account ? or live?

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Forex Indicators Collection

Practice account menas of course the demo account.

I would never use a new strategy withouth forward testing it. I have live account where I use totally different and very conservative trading strategy.

As far as I can judge there is no difference between prectice and demo accounts on forex.com except you have no real money and demo accounts is not monitored live by the broker.

Couldn't that be the very reason why you're struggling?

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ASH'S SIGNALS

Well, I would not say I am struggling. I call that the process of learning and now this here is my state exam.

You would be surprised to hear that I have never had such aggressive strategy jet. All my trading approaches were quite conservative and I was fallowing all "holly" rules out threre. Foget about it. Sectert is somewhere else. Do not make it too boring.

I do not know what to discuss with you...I would like to know a litte bit more than below, other than your money managment.

The Devil is in the details...

ES


Strategy: Please understand that I cannot reveal all details of my strategy because that is all what I have now – so it is my treasure. I will reveal all details when I will be defeated. Then you will know for sure which strategy you should avoid in the future . What I can say is: the strategy is very aggressive. I trade all available pairs on my platform. I am 100 percent technical. My daily profit target lies between 2000 – 3000 USD and I am ready to accept losses in the same amount.

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ElectricSavant Challenge™

Live Portfolio

Fellow traders,

as for me today´s trading is over. I have achieved goal earning on my account 3178 and something and that is my upper limit.

To summarize the experiment for now: the strategy which is tested here brought me in three trading days 7274 and something USD. For the details please see updated statement.

Attached Images

BrianOtis-LastExperiment.pdf (46.1 KB, 42 views)

Why did you start this thread?...where is the log in that was promised?

ES

__________________
ElectricSavant Challenge™

Live Portfolio

Dear ElectricSavant,

please allow me some time to answer your question.

As for first question: can you please be more concrete: what you mean with details? ask me about details and I will do my best to answer your question.

As for second question: Ive started this thread to analyze the trades with interested people like you

As for third question: I have promised my login after experiment is over. Imagine several people browsing around my platform and pushing ask/bid prices. This is not a good idea. It will destroy my complete test. For those sceptical: please see the screen shot of the last page attached bellow. And further: the results are not fantastic, a month is ahead and everything can happen.

sorry, here is screen shot

Attached Images

__secure.efxnow.com_MyAccount_DEMO_ENG_FRXC_rptAVS.aspx_o.pdf (32.1 KB, 49 views)