Latest on 10kto1MM
Our GBP/JPY trade now has a S/L of 130.50 (240pips) and hit 133.08 overnight - 500 pips profit. TP is 135. Clearly, not ready to take profits yet, letting the winners run.
Teodor, your observation "If you did 15% in 10 week, you'd need another 20 weeks to complete. 30 weeks for the whole phase. More than half a year" is a rather simplistic evaluation of the time required to complete Phase 1. Overnight, my account was more than 30% up, also we may have a trade/s that hits the required 46% target within a week!
You mentioned Megadroid, I took the liberty of investigating it and found from user reports that the robot goes for very small wins (10 pips) with stop losses at around 40 pips (correct me if I am wrong). Admittedly, the win rate is high, however losses can eat up your profits very quickly. According to the vendor's web page, Megadroid could have returned something like 3000% over 9 years - that's multiplying your initial investment 30 times. I am not knocking Megadroid, it suits the trading style and stress tolerance levels of many traders out there who love it. 10Kto1MM however aims to multiply your investment 100 times in 12 stages (could take 2 years) and I would say it is very different to Megadroid being a lot more aggressive. Stress levels are greater. But what stands out is that 10K's wins outstrip its losses by a huge margin - just the opposite to Megadroid. Also 10K has a human being behind it controlling all entries and exits and with the latest development of using the SignalCopy EA, it has the added advantge of mimicking a robot as well. The best of both worlds.
I am a great fan of 10Kto1MM and clearly there are others who tried it and have lost patience because it did not deliver results to their expectations. As for me, I always knew that if a system had a "positive expectation", then
you must allow this "positive expectation" to manifest by allowing a number of events to take place - meaning you can't judge how good a system is by observing a handful of trades. True, this was extremely difficult for some during the early stages. However, we are in full swing now and there is no turning back.
I will continue to post and update progress periodically.
Our GBP/JPY trade now has a S/L of 130.50 (240pips) and hit 133.08 overnight - 500 pips profit. TP is 135. Clearly, not ready to take profits yet, letting the winners run.
Teodor, your observation "If you did 15% in 10 week, you'd need another 20 weeks to complete. 30 weeks for the whole phase. More than half a year" is a rather simplistic evaluation of the time required to complete Phase 1. Overnight, my account was more than 30% up, also we may have a trade/s that hits the required 46% target within a week!
You mentioned Megadroid, I took the liberty of investigating it and found from user reports that the robot goes for very small wins (10 pips) with stop losses at around 40 pips (correct me if I am wrong). Admittedly, the win rate is high, however losses can eat up your profits very quickly. According to the vendor's web page, Megadroid could have returned something like 3000% over 9 years - that's multiplying your initial investment 30 times. I am not knocking Megadroid, it suits the trading style and stress tolerance levels of many traders out there who love it. 10Kto1MM however aims to multiply your investment 100 times in 12 stages (could take 2 years) and I would say it is very different to Megadroid being a lot more aggressive. Stress levels are greater. But what stands out is that 10K's wins outstrip its losses by a huge margin - just the opposite to Megadroid. Also 10K has a human being behind it controlling all entries and exits and with the latest development of using the SignalCopy EA, it has the added advantge of mimicking a robot as well. The best of both worlds.
I am a great fan of 10Kto1MM and clearly there are others who tried it and have lost patience because it did not deliver results to their expectations. As for me, I always knew that if a system had a "positive expectation", then
you must allow this "positive expectation" to manifest by allowing a number of events to take place - meaning you can't judge how good a system is by observing a handful of trades. True, this was extremely difficult for some during the early stages. However, we are in full swing now and there is no turning back.
I will continue to post and update progress periodically.