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50% of the Initial deposit in 3 days from a demo account

Discussion in 'Forex Trading Systems and Strategies' started by jazzfx, Feb 16, 2011.

  1. jazzfx

    jazzfx Recruit

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    Hello,

    I am a newbie in this forex trading business. For past 3 months i've started using EA's in demo accounts. Since I started doing this every time I am getting atleast 50% of the initial deposit amount in less then a week, I just wanna know that is this a normal thing that everyone can get this result in demo accounts and at the same time can i repeat this in a live account. I heard lot of people said that live trading result will differ from demo trading.

    I have attached the 3 days statement copy of my latest demo account from alpari.
     

    Attached Files:

  2. RahmanSL

    RahmanSL Major

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    Hi jazzfx,

    Yes, it's possible to average 50% and more in Demo Deposit money in matter of days. Your 3 days trading is 59.63% increase over initial deposit money.

    I read your post on 15-Feb-2011 and immediately started a Demo account just to show you what can be accomplished with relative ease on Demo Account.

    NB: Refer attachment screenshot of that Demo account started 15-Feb-2011 and ending 18-Feb-2011 with 143.85% gain over initial deposit of usd3k.
    Sorry I cannot show "Detailed Report" as I forgot to change my personal details which I would not like to show in an open forum.

    The encouraging part is that, yes, such gains can be achieved in Live account too as that Demo account almost mirrored one of my Live account as I was entering similar trades (but different lot size) on both accounts. In fact I was also trading on one other Live account at the same time, though not with all the same trades and lot sizes.

    From that screenshot, you will notice I traded mostly on the EUR/USD, and some GBP/USD too, as they were trending nicely those few days.

    My advice to you is, if you do not have spare finance (which you can loss without hurting) of less than usd1k, go on a micro account soon as you can.
    Trade with 0.1 lot size (which is usd0.01 per pip) and once you find you can consistently make profits, increase lot size to 0.2 and so on until you are comfortable to go onto the usd1 per pip size (i.e 10 lot size in a micro account).

    I don't use (nor approve of) EA and so do not know what sort of result you will get in a Live account. I trade what's in front of my screen/charts and keeping informed of upcoming news and analysis (especially by Sive here at the FPA) by more experienced and seasoned traders as I am only a 1.3yrs old forex trader : )
    Also, I do not use Alpari and so do not know how their Live account rate vs their Demo account.

    All the best in your forex trading journey...I have traveled that road and so I know what you going through!
     
    #2 RahmanSL, Feb 19, 2011
    Last edited: Nov 3, 2011
  3. jazzfx

    jazzfx Recruit

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    Thanks for your comments, really appreciated.

    I saw your attachment its very impressive, as you mentioned above yes we can get that result by increasing out lot sizes but in my case i didn't do not even one manual trade, everything did by my EA. I wonder whether i can able to achieve at least half of this result in live account that i got in the demo account.

    By the way, which broker would you prefer, I've planned to open a live acc in Alpari UK by next week.

    Cheers...
     
  4. f-man

    f-man 4Xangels Representative

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    Hi jazz.

    Many EAs work different on live accounts indeed, but not necessarily all of them.
    Did you let the EA trade also for a longer period than 3 days? How were the results after 1 or 2 months of trading for example?
    Which EA did you use?
     
  5. Pharaoh

    Pharaoh Colonel

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    If I could trade every day like I do on my best days (or weeks), I'd have retired after a few months of trading.

    It's thrilling to show a pile of profit in a short time, but f-man is right. Don't get too excited until you can do it for an extended period. At that point, try it in a small live account (remember, using money you can afford to lose). If it seems to work, try to withdraw your initial deposit, plus a little more and see what the broker does.
     
  6. jazzfx

    jazzfx Recruit

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    Hi f-man,

    I never had the opportunity to let the EA run more then 2 weeks on my demo account because normally i will test with multiple EA's, if i get consecutive loosing trades, I just simply leave that account and open a new one, I will also delete the loosing crap EA's.
    So far i've checked nearly 30 EA's in 3 months period. In my statement except 4 or 5 trades the rest was did by forex cash rocket. Forex Cash Rocket is my prime EA, i've checked in Alpari and Exness brokers demos.
     

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