Growing my trading account from 10k to 50k in twenty days
Trading conditions:
Broker - FxPro
Account Currency - NGN
Leverage - 1:1000
Platform - cTrader, TradingView
Instrument - EUR/USD, GBP/USD
Pricing - 0.4 pips spread plus N100 commission on every 0.01 lot size trade
Trades Per Day - 01
Risk Per Trade - NGN 1,000
Trading conditions:
Broker - FxPro
Account Currency - NGN
Leverage - 1:1000
Platform - cTrader, TradingView
Instrument - EUR/USD, GBP/USD
Pricing - 0.4 pips spread plus N100 commission on every 0.01 lot size trade
Trades Per Day - 01
Risk Per Trade - NGN 1,000
Day 1
Today I went short on EUR/USD when price broke out of the Asian range and started reversing back into it. I was stopped out of this trade for NGN 1,132.79 loss when price reversed and started heading for the 1.1700 option barrier.
Stats:
Opening Balance - NGN 10,000
Loss - NGN 1,132.79
Equity - NGN 8,867.21
Day 1
Today I went short on EUR/USD when price broke out of the Asian range and started reversing back into it. I was stopped out of this trade for NGN 1,132.79 loss when price reversed and started heading for the 1.1700 option barrier.
Stats:
Opening Balance - NGN 10,000
Loss - NGN 1,132.79
Equity - NGN 8,867.21
I'll love the know the strategy you trade please
Respect for going live with N10k and aiming for that 500%!
Trade only your highest-probability setups. No revenge trading.
I have closed my long trades for around 17 pips each.
Stats:
Opening Balance - NGN 8,867.21
Profit - NGN 10,196.77
Closing Balance - NGN 18.001.81
I took a short trade and lost it then I Just took four long trades on eurusd
Was the top rectangular bar your exit?
Was the top rectangular bar your exit?
Yes it was. I didn't want to hold the buy trade for a long time, because I have some data that shows price may fall. So, I would rather not risk it.
Yes it was. I didn't want to hold the buy trade for a long time, because I have some data that shows price may fall. So, I would rather not risk it.
That was a smart one ... I'm also expecting a retracement too on EURUSD
Day 3
Today I went long during Frankfurt trying to aim for the eurusd expiry at 1.1800 but I got stopped out for a loss of N1,000
Stats:
Opening Balance - NGN 18.001.81
Loss - NGN 1,072.04
Closing Balance - NGN 16,929.77
I took two more long trades on eurusd trying to aim for the 1.1800 option expiry but i lost them again.
I then switched to USD/JPY and took some long trades and was able to make a total of 10 pips profit on them
Closing Balance - NGN 17,417.98
I took two more long trades on eurusd trying to aim for the 1.1800 option expiry but i lost them again.
I then switched to USD/JPY and took some long trades and was able to make a total of 10 pips profit on them
Closing Balance - NGN 17,417.98
Nice update on this trade ..
I love the risk management applied
I just took two trades. A long on EUR/USD and a short on USD/JPY.
I'm on both trades too
I just took two trades. A long on EUR/USD and a short on USD/JPY.
I lost both trades.
New balance NGN 14, 657.02
I lost both trades.
New balance NGN 14, 657.02
I lost both too.
The only pairs I have running now is gold sell and Eurgbp buys
Day 5
Yesterday was a losing day for me with all my long trades basically failing and my account equity falling to NGN 11,183.89
Day 6
Today was a winning day for me. My account balance is back to NGN 17,954.11
I think USDJPY is really respecting this strategy well enough
