Michael Huddleston (ICT) is notorious for changing his lesson plans, after having announced them publicly. That’s not the way I would teach — but he’s ICT and I’m not.
For reasons known only to Michael, he decided to demonstrate various ways not to trade, using a demo account in MyFxBook. In addition to teaching some important lessons, like how to handle a major drawdown, he seems to have been motivated to taunt a group of trolls who have been “following” him on Twitter for a year, or more.
Again — that’s not how I would teach the ICT method, but it seems to suit Michael’s purposes.
He certainly attracted the attention he was seeking, when he deliberately trashed a $100,000 demo account — trading between 10 and 60 standard lots at a time — and finally bottoming out (in November 2015) at $8,000, or so. That was a 92% destruction of the initial demo account balance.
Then, in December, Michael announced that a new phase in the demonstration would begin: he would start with the decimated $8,000 account, and trade it, strictly following the trading rules he has taught.
And he promised consistent profits of 50% per month, with no losing months.
Since early December, when this recovery demonstration began, Michael has traded this account just as he promised.
Results for January 2016: +50.81% gain. Results (to date) for February 2016: +25.73% gain.
Here are some links, if you’re interested:
Michael’s MyFxBook demo account — ICT SimTrader System by AverageJoeToPro | Myfxbook
Twitter account — https://twitter.com/ICT_MHuddleston
Website — The Inner Circle Trader \ Home Page
Teaching videos — The Inner Circle Trader Tutorials
Youtube account — The Inner Circle Trader - YouTube
.