3,540,000% gain within a year with just $500!

[falsedave]

If we could work out the system it would be great but you cannot escape the fact that he was ridiculously over leveraged.

His first trade he had $500 equity. 1 lots to get $200 from 20 pips. It could easily have swung the other way especially if he was trading the news.

Here's another thought although I may be being a bit cynical. There is nothing to say the a criminal hasn't created a fake MyFxBook page. Made to look real to seperate you from your money a little bit quicker.

[effluvium]

If we could work out the system it would be great but you cannot escape the fact that he was ridiculously over leveraged.

His first trade he had $500 equity. 1 lots to get $200 from 20 pips. It could easily have swung the other way especially if he was trading the news.

Here's another thought although I may be being a bit cynical. There is nothing to say the a criminal hasn't created a fake MyFxBook page. Made to look real to seperate you from your money a little bit quicker.

I think the same thing: maybe bastsystem7 is a fake trader created by _broker and made to convince you that trading with maximum lotsize is the fastest way to become millionaire

[garyfritz]

That seems more likely than believing somebody could hit 94% wins like that, with only small losses. And would mess around with some Empty4 broker if he could.

On the other hand, if you COULD hit 94% wins like that, his leverage isn't that unreasonable...

[scheinwerfer]

Is it him? http://twitter.com/revolucion2mil

On a more serious note, broker trick is possible, but then we would have heard a broker shouting about the mysterious hypertrader who withdraw over 9M$... Who wouldn't use this for their advantage?

The part of reverse-engineering a trading strat is extremely intriguing, but where to start if so little is known?

[Jason]

It looks too good to be real. I can't pinpoint why exactly, but I think because there are virtually no decent sized losses it means he/she had a significantly higher prediction rate than 94% (which I think is impossible, and I'm someone with an open mind when it comes to predicting the direction), and there aren't enough small wins.

[eddysukses]

please take a look at this
http://www.forexpeacearmy.com/test_lab/ ... am_ea/demo

[falsedave]

Again eddysukes if you look just one week in he jumps from 0.1 lots to 1 full lot. Then as you look further the trades are quick and only for 1 or 2 pips would your risk 1% of your account not per trade but per pip ? If you could stomach the risk and it pays off fair play to you but it only takes a few wrong trades to blow your account.

[frankie]

Well i woke up after reading this thread or should i say.. after i checked out the link.

First i think you guys should forget about all the conspiracy mumbo jumbo talk. Checking the net and various forex sources, this system/user has not been mentioned! It has not been up for sale either, can you guess why? If not.. It looks like the guy made his system work, had it on demo for a year, saw the potential and went all in.. Made his money, meaning he did not need to spend time to sell in his system to anyone. It made/makes good money, he just needs to make withdrawels.

At a first glance at the statement, one can see that it trades of the 5M EURUSD chart. It has a fixed TP at 250 pips, the demo had a higer TP it seems. It adds to trades if conditions are meet! It moves SL to +40 pips at some stage. Noticed also that it sets no TP or SL on the order, so the EA manage this also (hidden MM).

It doesn't trade 54 times a day, it sure looks like it waits for the "perfect setup" (please remember that it trades of the 5M chart and thats 288 bars per tradingday, and it doesn't take trades everyday).

The thing that are subject for discussion would be the size of the trades and what margin needed. It states that it trades on a 1:100 leveraged account. On my account, 1 lot requires a $1300 margin so it would probably be funded with more prior to the $500 deposit, or other brokers offer better margin? Also we can see that the broker pobably has a cap of 175 Lots traded, anyone know who?

Now is the tradesize okay? if the system works, DD is low and you have a high percentage winners and keep your loosers small.. why not?! And as someone already stated, he risked $500 (that we can see) to gain $9M. Also, the high percentage tradesize is also the reason to why a withdravel of $9M was possible! It would not have been that number with a fixed 0.1 lotsize for a full year.

To make it short, if i had the system on my computer, i would probably not made a big fuss on any forum, or any place at all. I would just make my money and laugh all the way to the ferrari dealership..
We are all in here to make/find a system like this, and when one has it, we doubt it can be done?! Why are you guys here?

I actually believe that the system exists, now my thought is can one reverse-enginere it? Probably, but what a monsterjob it will be.. What is the triggers? what is the filters? how is the MM set up? When, why does it add to trades?

I am tempted to put down the hours, but where to find them..

[Jason]

The trades appear to be clustered around session openings. GMT +2 maybe. That increases my accuracy, except I only trade one session. With 3 to choose from, he could be picky and only enter when the fundamentals are obviously going in one direction, set a wide stop loss, then let his EA kick in.

[dudest]

Well i woke up after reading this thread or should i say.. after i checked out the link.

First i think you guys should forget about all the conspiracy mumbo jumbo talk. Checking the net and various forex sources, this system/user has not been mentioned! It has not been up for sale either, can you guess why? If not.. It looks like the guy made his system work, had it on demo for a year, saw the potential and went all in.. Made his money, meaning he did not need to spend time to sell in his system to anyone. It made/makes good money, he just needs to make withdrawels.

At a first glance at the statement, one can see that it trades of the 5M EURUSD chart. It has a fixed TP at 250 pips, the demo had a higer TP it seems. It adds to trades if conditions are meet! It moves SL to +40 pips at some stage. Noticed also that it sets no TP or SL on the order, so the EA manage this also (hidden MM).

It doesn't trade 54 times a day, it sure looks like it waits for the "perfect setup" (please remember that it trades of the 5M chart and thats 288 bars per tradingday, and it doesn't take trades everyday).

The thing that are subject for discussion would be the size of the trades and what margin needed. It states that it trades on a 1:100 leveraged account. On my account, 1 lot requires a $1300 margin so it would probably be funded with more prior to the $500 deposit, or other criminals offer better margin? Also we can see that the criminal pobably has a cap of 175 Lots traded, anyone know who?

Now is the tradesize okay? if the system works, DD is low and you have a high percentage winners and keep your loosers small.. why not?! And as someone already stated, he risked $500 (that we can see) to gain $9M. Also, the high percentage tradesize is also the reason to why a withdravel of $9M was possible! It would not have been that number with a fixed 0.1 lotsize for a full year.

To make it short, if i had the system on my computer, i would probably not made a big fuss on any forum, or any place at all. I would just make my money and laugh all the way to the ferrari dealership..
We are all in here to make/find a system like this, and when one has it, we doubt it can be done?! Why are you guys here?

I actually believe that the system exists, now my thought is can one reverse-enginere it? Probably, but what a monsterjob it will be.. What is the triggers? what is the filters? how is the MM set up? When, why does it add to trades?

I am tempted to put down the hours, but where to find them..

I'm with you on this one frankie; reverse engineering it is definitely a worthwhile challenge

I don't have coding skills but have stubborn troubleshooting capability.

Let's do it, and share our ongoing results here. Between the interested among us, I think we can pretty much get it ( even if it's to within a 50% accuracy, that would still be great ).

Cheers