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$5000 to a Million on a Live Accounts

Popular Video

Last week we published a video showing $ 5000 being turned into $ 1 Mil in a number of hours. This video has gone viral, in a Forex Trading sense, recording over 20 000 views with a few days of publication. Please do Read any further unless you have watched this video completely.

We have received hundreds of email enquiries and comments as result of this video.

The method to increase $ 5 000 into $1 Mil a very powerful EA and was traded on a Demo account. The EA used, (I am going to call it the Million Dollar Trader EA for ease of reference) coupled with specific broker accounts makes this possible.

View the video here - click the lower left option to enlarge or watch on YouTube.

Furthermore, this Million Dollar Trader EA can be accelerated and showed down considerably by changing some of the EA settings. Evidence of the is the current competition Forex trading leader who have used a much slower and conservative approach to get into the lead.  It can be slowed down even further than shown in the competition.  Click here to view the competition results so far:- $6000 Trading competition results   (Click on the competitors tab)

The big opportunity is to make this method work in live trading on a commercial basis.

You do however need to know the risks involved before we move on:-

Please note that the Risks discussed below only refer to HIGH VOLUME RAPID SCALPING methods using small targets and stops. As the size of targets and stops increase the impact of these risks reduce dramatically and swing traders with larger targets and stops do not have huge exposure to these limitations.

So the first answer is – why not just increase the stop and the targets sizes. The focus will however be on the scalping method as it almost gives a trader 100% control over earnings. The swing trading method has the same limitations any good EA has. Exposure to a changing Forex market and drawdowns and the lack of short term control. We will work on swing trading when all else fails.

If you look at the analysis on the EA trading please note that the EA is never negative in any hour of the day.

LIVE TRADING RISKS

There are General Online Forex trading reasons. Forex trading results can be impacted by internet speeds, your own computer speed, the quality of your connections, the delay of reaching your broker server etc. In general, testing the Million Dollar trader on demo accounts and the short term control principle confirms low exposure to these risks.

Broker specific reasons.

Now it is well-known that the result achieved on a live account differ from a demo account.

  • The first reason is varying spreads. The custom now is for Brokers to widen spreads when they do not want traders to trade – like when important announcements are made. This is easily resolved by using a broker with fixed spreads.
  • The next reason are large spreads. This again is easy to resolve by using a fixed spread broker with low fixed spreads.
  • The next reason is price manipulation: On an exceptional basis certain brokers can cause a spike in prices which could cause considerable damage to a single transaction. Some predictably clean stops and targets before a trading session. This is a risk that cannot be fully managed
  • The next reason is broker trader intervention: This is where the broker specifically targets a trader and uses techniques such as spikes, slow transaction speeds, slippage, EA signal failure etc. etc. to mess with traders trading. These techniques can result in a blown account within a very short time when using scalping techniques.
  • Technically the broker must offset any deal created by a client back into the Forex Market so as not to incur a risk. So the Broker must fill your order only once the broker can have its order filled by the liquidity providers. The speed of scalping complicates this process considerably. This filling of order process does not have to happen with demo accounts. One of the biggest reason why demo accounts do not mirror live accounts.

Do the risks outweigh the rewards?

Not as easy ?

Network of small account and many brokers can reduce the exposure

Too much money for one person to risk or lose

The best way to shatter dreams is to give up on them

Potential Solutions and obstacles

So, as discussed in the first video, a possible answer to this is to open many small accounts with many brokers not to attract attention to yourself so that you are not a victim of manipulation and intervention…and trade to a million that way. Starting small and slowly is important.

So, the big opportunity is to make this method work in live trading. There is no proven reason why it should not work (We have not tried and failed). The Forex technique does not use trickery or anything unconventional. We have had feedback from hundreds of people interested in Forex trading who desperately would like to see this method work.

The only reason why we don’t know that this EA works on a live account is that it has never been tested on a live account. There are a few reasons why this technique has not been tested on a live account which will be discussed below.

The intervention, technical and manipulation reasons are what has scared the current owner and quite frankly even us from testing this EA on a live account. In the end you are trading against the Broker as the speed of the broker to offset losses is a limitation to all brokers.

So what is the problem? Just open a $200 account and run the EA on that. Yes, that is want we thought too. There is another problem with that.

The many Brokers that offer tight fixed spread with a favourable price feed also have a $2 000 to $ 5000 account size minimum. We would need 4 to 6 accounts to test the million dollar on a number of brokers so capital is a severe limitation for the existing owners and for the project team. We are talking of $15 000 to $ 20 000 which could potentially be blown in the process of trading the million Dollar trader EA live on many, many brokers.

At that level of capital requirement and the possibility of the capital being lost to Forex broker is a severe discouragement of any further testing for the owner and as Expert4x does not own the EA we will not be taking this any further.

So at best this idea is dead and the EA maybe sold as a novelty EA that will only work on a demo accounts. Its value would be questionable.

Proposed Solution

After discussing this with the owner we have come up with an alternative solution:

If we could resolve the risk of capital problem, we would start a project to prove that this EA will work on a live account. The project team will consist of the existing owner, Expert4x and other parties such as expert EA designers and coders. The major Goal of this project team is to develop (already functional but may need changes for all brokers) and test this EA to make sure that will work on live accounts.

So rather than the owner having to risk $ 15 000 to $ 20 000 we have the following solution to spread the financial load with help from

  • those who want to buy this EA and make sure that it works on a live account or
  • those who merely want to link their account to a million-dollar group of accounts and know that it works on a live account.

The only real reason why we don’t know that this EA works on a live account is that it has never been tested on a live account. So what we have created is a facility whereby anybody interested in seeing this project succeed can gift or donate a relatively small amount of money towards the work of the project team. This will spread the financial risk of testing and developing this EA over many people. It will also answer the question of whether the EA is viable on a live account once and for all. The results of the project will answer the question permanently. It may also expose any Brokers who manage trading results.

Should the project succeed at generating good income to following benefits are open:-

  1. The money contributed could be refunded
  2. Any surplus funds from project testing would be redistributed to contributors
  3. Only contributors would be able to purchase the EA when commercialised
  4. Only contributors will be able to link to million dollar accounts when this service becomes available.

Please note that the money contributed is a complete donation. At worst, you will never see that money again. Except for the 4 possibilities above any contributions should be regarded as a complete voluntary donation and gift to the Million Dollar project.

The project team would contribute 20% the project financially too.

How you can participate

We have created 3 (once off) donation levels.

 

  • A $30 level where contributors will be entitled to the first 2 benefits above. They will not be able to purchase or link their accounts to any Million Dollar trading accounts.

  • a $60 and a $120 level where the contributors will be entitled to all 4 benefits above. The difference between the $60 and $120 levels is that the surplus distribution (2) and the discount on the purchase of the EA (3) will be proportional to the contribution size.

Only contributors will be able to see the detailed testing results,  participate in other information and opportunities created by the project team. We have no idea what the purchase price of the EA will be but contributors can work on a price between $300 to $500 if successful. An alternative option to contributors is to use linked accounts when the approach is proven to be viable.

Should the Million Dollar trader EA scalping project not be successful the project will divert to finding a live traded longer term solution for that EA and after that it will test the EA on other similar trading approaches on live accounts.

The funds will only be used for Live account testing and to pay trading expenses – VPS etc. The project team will be providing their efforts at no cost.

Hopefully we will raise the funds required to progress the project. We will however cancel the PayPal buttons once we have raised the required capital to progress the project. If the funds are not raised and we do not proceed with the project, we will refund contributions.

Now, a high percentage will look at this and say that it is a scam and all type of other things. Whenever we try to assist our clients there is a negative backlash. If you have this frame of mind just don’t participate – as simple as that.

Participation is completely voluntary and remember that the chance of success is low.

What we have here is a way of giving people a chance of benefiting from the unique effectiveness of this EA if live trading is proven to be viable and successful. It is stone dead otherwise. If anybody has a better and practical way of achieving progress on the development, please let us know.

So please use the buttons provided below to make voluntary, non refundable, contributions to the Million Dollar EA project.

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After contributing to the Million Dollar Trader Project you will:

  1. Receive a receipt from PayPal acknowledging your contribution. That is also a confirmation that we have received it.
  2. Be added to a special mailing list using your PayPal Email address so that you can be kept up to date about all that is happening on the project on a regular basis. Please contact us if you want us to use another Email address.

Please note that we have collected sufficient capital to do the testing at this stage.

There are no PayPal buttons available to join the project.

Thanks for your interest

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$120 Contribution

$60 Contribution

$30 Contribution

Very Important

At the end of your PayPal transaction please wait for awhile. PayPal will redirect you to to a webpage that will give you the password to the Project Forum where you can follow the progress of the project.

If you have any questions please use the Contact Us facility in the menu above.

  • q-iconWill your EA work on small accounts and cent accounts ?

    That will be part of the testing we will do. There should be no reason why not.

  • q-iconCan you test the system on my broker. The broker seems to meet all the requirements.

    The testing is going to be a slow process. The problem is that the EA works on a very specific price feed that only a few brokers use. So the testing will involve testing those brokers but also adapting the EA to work on other brokers and testing those. Please watch your emails for progress reports.

  • q-iconIf you go to 1million during testing you should give 200 x the investment because its with 5k to 1 m.

    I think you have missed the point.

    Firstly this is not an investment it is a donation.

    Secondly, The project team is not going to trade the EA to a million. It is only going to prove that the EA works on a live account and identify brokers that it will work on.

    Thirdly, the project team will not put all their eggs in one basket. So of the say $10 000 donated only say $2000 or so will be risked at any one time.

    So it would be best to treat the contribution as a donation. If you get any financial return from it, it will be a total bonus. Only contribute your donation if you you are happy to never see the money again.

    The money making phase happens when you use the EA or link your account to a traded group of accounts.

  • q-iconIf I get this EA will I have to have $5,000 to trade it?

    We don’t know. This will only be determined after the testing is successful and which brokers accept the EA. There may also be a linked account option which would take smaller deposits. At this stage the focus is on proving the EA in a live account.

  • q-iconI just contributed $30.00. Maybe able to contribute more later.

    Please note top-ups are not possible later. So you can not start with $30 and then add $30 to get to the $60 level. You highest contribution is what will apply for your benefit .

  • q-iconI am interested in contributing to this EA but live in the US.  I know it has not been testing on a live account but if it is tested on a live account and found to be successful am I going to be able to find a broker in the US that this EA will work on?

    The short answer is we do not know. Because of the success rate leverage is not a major limitation at all. There could be split second case where the could be a sell and buy open at the same time which we would have to investigate. This may not be a problem as these situations resolve themselves with in less than a minute in most cases.

    It is certainly part of the project teams activities is to look at suitability of the EA on US broker accounts. Please watch your emails for more developments in this area.

  • q-iconCan you give me an example of the difference between a $60 and a $120 contribution.

    So if the $60 contributor get a “profit share refund” of $100 the $120 contributor will get $200. The $200 contributor could buy the EA at say a 50% discounts and the $ 60 contributor would get 25% discount. So if the $60 contributor get a profi share of $100 the $120 contributor will get $200. The $200 contributor could buy the EA at say a 50% discounts and the $ 60 contributor would get 25% discount. So if the $60 contributor get a profi share of $100 the $120 contributor will get $200. The $200 contributor could buy the EA at say a 50% discounts and the $ 60 contributor would get 25% discount. That is what is meant by benefits being proportional to the contribution size.

    Please not the project’s main goal is to prove that good gains can be made on live accounts and to identify brokers that can be used. Any surplus would be a bonus from this exercise.

FOREX TRADING RISK DISCLAIMER