How I grew $187.91 to $1M in 5 years

fxturtle · Apr 5, 2014

I have a good start in the month of April.

USDJPY will be traded in this account starting April 7, 2014.

For the month of April three pairs will be traded in this account.

GBPJPY
GBPAUD
USDJPY

FxTurtle Myfxbook Account

Cheers,
FxTurtle

Hooligan69 · Apr 6, 2014

Dem drawdowns...

smallStops · Apr 7, 2014

Hooligan69 said:
Dem drawdowns...

very interesting insight:
on the myfxbook, the drawdown in percentage is it per trade or per day?
Is it the maximum drawdown while the trade is on, or is it at the close of the trade?

fxturtle · Apr 12, 2014

The week ended April 11th started a bumpy ride, but recovered the loses towards the end of the week to end up positive for the week and for the month.

FxTurtle Myfxbook Account

Cheers,
FxTurtle

tradingjournals · Apr 12, 2014

I like your journal. I had a journal similar to yours (in the sense that the aim was to start from $100, and make $100K), but it got taken over by trolling in addition to a number of insults that lasted for years. I am glad someone else i trying a similar idea.

I have some questions (please feel free to skip answering my questions):

1. Who is your broker?
2. What money management formula(e) are you using?
3. Could the reporting website access only a sub-account from ones account?

Best of luck to you!

fxturtle · Apr 12, 2014

tradingjournals said:
I like your journal. I had a journal similar to yours (in the sense that the aim was to start from $100, and make $100K), but it got taken over by trolling in addition to a number of insults that lasted for years. I am glad someone else i trying a similar idea.

I have some questions (please feel free to skip answering my questions):

1. Who is your broker?
2. What money management formula(e) are you using?
3. Could the reporting website access only a sub-account from ones account?

Best of luck to you!

1. Who is your broker?

For this account, my broker is Pepperstone, I also have bigger accounts with Global Prime and IC Markets.

2. What money management formula(e) are you using?

At this equity level, I will only trade a max of 3 micro lots per trade, but most of the time, I only trade with 2 micro lots. My stop varies from 10 pips to a max of 75 pips (Max SL only applies to GBPJPY). Most of the time my positions are close with a loss less than 35 pips in average. Only on some occasion that is it over 50 pips.

3. Could the reporting website access only a sub-account from ones account?

I do not know what you mean.

Cheers,
FxTurtle

smallStops · Apr 13, 2014

Thanks for updating.
What I am watching is how many months for it to keep the ceiling.

fxturtle · Apr 19, 2014

I got hammered the week ended April 18th. I recovered a little bit with two GBPJPY trades for +70 and +100 pips to end up the week with -331 pips or -5.88%. The month is still positive, we'll see how this month will end up.

Cheers,
FxTurtle

smallStops · Apr 19, 2014

any reason why you got hammered ? I mean if you have a list of possible reasons, that could help.

fxturtle · Apr 19, 2014

smallStops said:
any reason why you got hammered ? I mean if you have a list of possible reasons, that could help.

I trade mostly GBPJPY and when it ranges in the hourly, most likely, I will lose due to my strategy being a trend following. Last week it ranged between 169.5 to 170.50 area, so I got stopped out many times. When it finally broke to the upside I recovered a total of +170 pips not including my floating gain.

Cheers,
FxTurtle