i've seen contest results where people are making 1000% - 80000% a month! WTF? HOW are they doing this? does the market even move enough?
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DislikedThese are probably results from the EA contests.
These things are designed with a complete lack of money management, and are usually running on as many currency pairs as possible.
It's essentially gambling that they'll have a good run, win the contest, and make a few thousand off their EA that will appear to have good results, but will end up running an account into the ground in a week or two.Ignored
Dislikedi've seen contest results where people are making 1000% - 80000% a month! WTF? HOW are they doing this? does the market even move enough?Ignored
QuoteDislikedI am happy with my average return of around 10% per month
DislikedThis is the person thats leading the myfxbook competition at the moment, no martingale, just bet big and be right, same with any type of gambling
http://www.myfxbook.com/members/sara...st-saraa/87218Ignored
Dislikedi've seen contest results where people are making 1000% - 80000% a month! WTF? HOW are they doing this? does the market even move enough?Ignored
DislikedRe automated systems, if I can find one that has a PF > 1.4 after a minimum of 2,000 trades spread over many years of changing markets, then yes, I'd be very interested.Ignored
DislikedI have such a system. 1,860 trades over 12 years.... 19,900 pips with a maximum drawdown of 1,100 pips.... these numbers including a 2 pip spread.
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