try the £10k gamble forum by The Baller. This is really good. Looking at your method and comparing to his your SL is much too tight.
Will be interested in following your progress.
will have a look when i have time. Is the baller 10k gamble forum profitable? Have you tried?
SL tight (earn lesser lose lesser) haha.
Shifted stop loss to 1.2997. Guarantee 3 pips profit lol. HOpe dont get stopped out. Trailing stop enabled.
it is clearly profitable but does require the balls to tolerate large drawdowns. It is similar to my own approach but i include refined entry rules in order to try to reduce drawdown and increase profit. I would encourage you to read the journal from the beginning and in particular the description from Baller.
I think tight SL only helps brokers.
thanks for your suggestion and improvement. i will definitely read up and improve on my SL.
omg, we got trailling stopped out again. + 9 pips profit…
Total Trades: 10
Total Win: 4
Total Loss: 4
Total Open: 2
Total Profit: -86 Pips
If you understand that support and resistance isn’t just a line, its a zone, then you will increase your win rate ten fold.
Many traders set their stop loss at the most obvious level, most of the time, a few pips away.
What are the chances the price will always respect that level down to the exact pip and reverse.
Many times price likes to prod the level and sometimes breakthrough it to have a look before reversing - that’s the difference between staying in the trade or getting stopped out.
Great tip diabolo888 thanks 
Hi @weitanjun! 
This is suuuuper interesting. 
I really wish you all the best, and I’d definitely try to visit the thread as much as I can to also provide moral support. 
Haha. Good luuuuck!
We just entered short yesterday, but there was a limit for newcomer to post lol.
We still have 2 aussie long trade opened.
Anyway this is just a demo account. not trading live.
Edit (we just .6878-6861) 17 pips
Okay a few position got stopped out by trailing stop…
We are +86 pips since 4 Oct 2019. still far from the 100 pips a day, but at least we are close to 100pips a month haha.
Note: we are mostly trading major pairs.
Total Trade: 11
Win: 7
Lose: 4
good to hear Come back more give me, we can learn tgt as we progress.
Blockquote
Oct 21, 11:10 PM
omg, we got trailling stopped out again. + 9 pips profit…
Total Trades: 10
Total Win: 4
Total Loss: 4
Total Open: 2
Total Profit: -86 Pips
We were lucky, we went from -86 to +86 in 2 days. 200 pips swing lol.
Total Trade: 11
Win: 7
Lose: 4
I just realised my total trades do not tally. can someone spot my mistake? LOL
Okay 12 pips to entry point. Lets hope everything goes well
(edit) We won 28 pips on this trade 1.1110 to 1.1138
Today
Total Trade: 13
Win: 9
Lose: 4
+141 pips this month whOoohoo
We are on a 4 winning streak. Haven lost anything since 10/21/19
I think today 24 Oct 2019, 55 pips profit was good enough. still 45 pips from the 100 pip a day.
The latest 2 trades
EURUSD +28 pips (kicked out by trailing stop)
AUDUSD + 27 pips (kicked out by trailing stop too)
My thoughts after 1 month back in trading
So far we put in 2 rogue trade, Gambling trade #9 and trade #11. I have always bursted my account because I had winning streaks. We have 4 winning streaks. Im not going to gamble my streak from today onwards. Trade #3 and #4 were losses, each trade took 50 pips from us. 50*2 = -100 pips
Luckily for us 4 oct to 24 oct, almost a month, i have put in about 19 orders, 2 is still pending trigger. 4 not triggered, traded on 13 trades and won 9, lost 4. + 141 pips this month, still a far cry from the 100 pips a day challenge but I will try my best.
Currently we are risking 0.1% on our 100k demo account. I realised it was way too small, now we are going to up the stakes, we will be risking 1% per trade on the demo account.
Lets get our heart pumping.
Hopefully 12 months later, i have a + pips and we will go live.
Follow me along the journey and we will make some $$ together.
Attached are my trades on the demo account.
This was my call a few days ago
USDJPY 18 pips to entry.
waited since 18 oct
reaching entry soon.
very quietly recently, last traded 25 oct, still awaiting trades to open, might open this trade soon.
[---------UPDATE---------]
ACHIEVEMENT
Best Daily Profit +55 pips 24 Oct 19 The 100 pip a day Journey
Best Monthly Profit +167 pips Oct 19 The 100 pip a day Journey
Worse Drawdown -86 pips 21 Oct 19 The 100 pip a day Journey
Worse Drawdown -105 pips 21 Oct 19 Not recorded on this Forum
Journal 100k demo account 0.1% Risk
_Figure is based on cumulative trades_
4 Oct 19 First day
21 Oct 19 -79 pips The 100 pip a day Journey (8 trades)
21 Oct 19 -86 pips The 100 pip a day Journey (10 trades)
24 Oct 19 +141 pips The 100 pip a day Journey (13 trades)
----------All above trades were taken with 0.1% risk----------
----------All below trades were taken with 1% risk----------
Journal 100k demo account 1% Risk
25 Oct 19 +167 pips The 100 pip a day Journey (14 trades)
1 Nov 19 still waiting for my first trade
Below are the Orders to be opened if price hits
- USDSGD Short @ 1.3732
- USDJPY Long @ 107.84
- GBPUSD Long @ 1.2514
- AUDUSD Long @ 0.6777
- AUDUSD Long @ 0.6723