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$1,000,000 challenge

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$1,000,000 challenge in General Forex Discussion_lamp
Hello,
probably, every person after meeting with FOREX, imagined that he would soon become a millionaire. I admit, I'm no exception. 8)

Obviously becoming a millionaire in forex is easy ... If you are a billionaire. But I'll leave test of this hypothesis until better times ;)

Let's try to calculate what needs to be done to make a million on forex.

Let's say I'm not ready to sell my kidney to cover losses in trading. Therefore let's say my starting capital is $100.

To date, eurusd ADR about 85 points. And if we buy from the bottom every day and sell from above (this is my dream), then we will earn 85 points each day.

In our case, 1 point is equal to 10 cents (0.01 lot).
So every day we will earn 8.5 dollars. That's 8.5%. It's a good start.

I propose to increase the lot by 0.01 for every $ 100 of profit. Those. When our balance reaches 200, we will open a volume of 0.02 and so on.

I made simple calculations in Excel(in attached). And the result showed that with such productivity we will get the first million in 121 working days.
It's strange, but the first feeling that I had is that it's too long to wait.  :'(

In any case, the task has become a little simpler. Now it is enough to find an algorithm that makes it possible to catch 85 points a day. ;)

Linkback: https://www.forex.zone/general-forex-discussion/1/dollar1-000-000-challenge/7/
#1 - May 15, 2018, 10:08:34 PM
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« Last Edit: May 19, 2018, 09:16:18 PM by Admin »

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$1,000,000 challenge in General Forex Discussion_exclamation
Hi.
Since in the previous post we received specific figures to achieve the main goal, now is the time to consider the next steps.

Obviously, catching 100% of the movement of a currency pair is more than a naive desire. :'(
It would be more reasonable to take 9 points on 10 currency pairs or 22 points on 4 or something like that.
Therefore, we need to choose or create a certain trading algorithm that will potentially bring us several points of profit per day.

I'll be grateful to you for your ideas, favorite indicators or strategies. ;)

So. First, let's try some standard indicators. I attached a few indicators to the price chart, and that's what I got.
$1,000,000 challenge in General Forex Discussion_eurusd-h1-pepperstone-group-limited

 :o It seems too much for manual testing and optimization ... 

 Most likely it is necessary to create an EA... Yes, it will be much easier for us to analyze the indicators using the EA. Great! I'll do it in the next post. 8)
#2 - May 17, 2018, 09:03:35 PM
« Last Edit: May 17, 2018, 09:06:40 PM by CrazyProg »

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$1,000,000 challenge in General Forex Discussion_xx
Most likely it is necessary to create an EA... Yes, it will be much easier for us to analyze the indicators using the EA. Great! I'll do it in the next post. 8)

Looking forward to seeing your EA  :)
#3 - May 17, 2018, 09:18:14 PM

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$1,000,000 challenge in General Forex Discussion_xx
If the CP said that he will do this, then he will8). And do not remind him about it every six months;)

Hello everybody!

If guided by textbooks on mathematics from elementary school, then I could become a millionaire three times, at least for last year:o.

So I decided not to make money wait for me. I have done some research and amassed some developments and now I’ll show everything here.
#4 - June 14, 2019, 08:35:49 PM

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$1,000,000 challenge in General Forex Discussion_clip
For a start, I think it makes sense to check the truth that "everything ingenious is simple."

Therefore, first of all, I checked the standard MT4 EA that works with only one MA.
Here is what you can get from this EA.

$1,000,000 challenge in General Forex Discussion_proxy

I like it.
But I added another MA to close the orders + changed the MM algorithm and added SL and TP.

$1,000,000 challenge in General Forex Discussion_index

It seems to me now it is more effective -> about 20,000%! Although a million not yet:).

Conclusion:
Standard indicators have potential. Efficiency is increased with the use of money management and risk management. Therefore, it makes sense to check each indicator for potential.
#5 - June 15, 2019, 10:51:27 PM
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it feels like this challenge doesn't need to be done


Why? :)
#6 - September 12, 2019, 11:34:07 PM

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$1,000,000 challenge in General Forex Discussion_xx
This challenge is not easily achieved in my opinion without us having the capability.
#7 - October 09, 2019, 07:53:15 AM

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