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My mother was a pro trader for many years and my brother and I have convinced her to take up the challenge to "Become a SIM Millionaire in 20 Days".
The challenge will be to average 30% using daily compounding over 20 days. She will be trading the NASDAQ micro futures contract (MNQ) exclusively and starting with an account size of $10,000. The platform she will using for the challenge is MetaTrader 5 with AMP Futures as the broker. Her style of trading is high speed scalping using a 1 minute trigger chart and 5 minute anchor chart. Her indicators are the MACD, ZombiePack2, PriceInfo, TradeInfo, & BBands and the expert adviser is TickHunter.
I will keep you posted as to her progress and I hope you find this challenge beneficial to your trading journey.
Are you ready Mom?
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On June 8th, my mother took 65 round trip trades of MNQ for a total gain of 70.65% over the previous day's account balance.
9.17 average tick gain per contract with total gain volume of 3,109 contracts
-17.84 average tick loss per contract with total loss volume of 472 contracts
On June 9th, my mother took 116 round trip trades of MNQ for a total gain of 31.42% over the previous day's account balance.
7.71 average tick gain per contract with total gain volume of 8,518 contracts
-31.71 average tick loss per contract with total loss volume of 1,590 contracts
your Mother is not going to have any problem reaching her goal.....looks fantastic........keep up the good work......looks like everyone could use her methods......the commissions on MNQ for trades like this are much more than just trading the NQ....unless she is using someone else for commissions....28 contracts on MNQ are going to be close to 28 dollars....where as 3 contracts on NQ are only going to be 14.00.....so the commissions are twice those of NQ....is she using monthly payments for commissions.....that would make sense in her case.....thanks
Impressive results.
Using a Metatrader Expert Advisor means this is automated trading right, so a retail algo?
If so how is your "mother" involved exactly. She is supposedly a pro trader yet trading a sim account to become a "sim millionaire" but then you also say it is an Amp Futures account?
If sim, surely a pro trader would be happy to risk $10K to make $1M real money in twenty days, especially if it is an algo and could be backward tested and forward tested till confident enough to try it for real. Or if not an algo but discretionary trading why is 'she' wasting twenty days of her time and effort to make $0 real money.
That seems like a poor trade unless it is just to showcase a scalping algo that produces good sim results but can't replicate that in a real market.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
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