Experiment: $100.00 to $1,000,000.00 USD in 155 Steps
Hello, and welcome to my thread. This board will sponsor an experiment I'll be running that many of you might have a fantastic laugh at. I will attempt to bring an FX Solutions account balance in the mere $100.00 ($119.25 approx.) To $1,000,000.00 inside a 155 measure system. Steps can be considered open market days, but some measures may span out 1-3 days. Therefore, if the ordinary step is 1.5 times, then this experiment will be completed in under a year's time. I will update this thread. Posts will include losses, or measures done.
How can this be achieved?
</b>As the account's owner, I'll attempt to profit 24 pips/day of the EUR/USD pair. As the balance increases, so will the proportion of my spent lot values. I will not mention a lot about what type of system I am using, or what type of security measures I am taking to prevent loss. 90 percent of this will involve good conclusion and I'll handle my attempts one day at a time. I will track my charts greatly and see MNI EURO-DOLLAR EURO TECH reports. If I succeed in completing one measure, I progress onto the next. If I take a loss, I reduce to some previous step based on the sum of the loss.
FAQs:
</b>Lot size: 1 = 1,000
Leverage: 400/1 (to keep the usable margin )
Pips/day attempted: 24
Pip value range (PVR): 400 (a few I have come up with to determine the proportion of the balance that will be utilised in lot sizes)
Lot size proportion: 6.8 - 8.03% of balance based on curved worth.
Balance growth per measure: About 6%
If you don't feel like doing the math, here are a few examples of where the account balance should be at different actions and their traded worth per pip:
10: $212.85 ($0.50/pip)
25: $512.85 ($1.20/pip)
50: $2,200.05 ($5.20/pip)
75: $9,450.45 ($22.30/pip)
100: $40,542.45 ($95.60/pip)
125: $174,004.05 ($410.40/pip)
155: $999,383.25 ($2,357.00/pip)
Additional FAQs:
</b>400/1 leverage, are you nuts? : Most people will argue that this is a bad egy, and I would concur. But for this experiment I need to keep the usable margin as large as possible.
How many total pips will you have to get through the 155 measures? : 155 * 24 = 3720 pips. I expect that this amount could be a lot higher due to missing profit and ch-up.
Do you think this will do the job? : As long as the mathematics is supportive, it certainly is possible.
When do you think you'll complete the 155 measures? I would guess Feb of 2007.
What are you going to do if you complete the 155 measures? : Continue the experiment on measure 195 ( $10,000,000)
What do I must lose? : just $100.00!
Without further delay, lets begin!
- Bob
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STEP 1: COMPLETED (5/25/06):
3,000 B 1.2785 - S 1.2788 = 3 pips
3,000 B 1.2767 - S 1.2788 = 21 pips
Remarks: Low activity now. It was hard to make a decision about the direction. I made a decision to buy according to last week's support amounts being today's current price.
Profit: $7.20 (0.30/pip)
Previous account balance: $119.25
New account balance: $126.45
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