■110,000 JPY Challenge【Week 3】Report
・Real performance publicly shown on myfxbook
【Week 3】 110,000 yen Challenge Results
・August 23, 2021 (Mon) ～ August 27, 2021 (Fri)
・Account balance 145,547 yen → 73,071 yen (−72,476 yen)
Big Loss!!
It's still early in the 3 weeks, but I messed up.
On Monday, the first trade starts with a loss of 2,920 yen, with a 0.4 lot size at that time.
You might think the lot size is large relative to the account balance, but since the stop-loss range was small, I could trade with 2% risk even with this lot size, so although the loss is painful, the loss amount was within expectations.
Next, the second hit... this marks the start of a nightmare for the week.
I think I examined entry points to some extent as before, but the moment I entered, I thought, “Ah...”.
“Change the lot sizeーー!!”
The lot was too large relative to the stop-loss range, so if I lost, it would be a big loss.
It moved contrary to my expectation, and I should have given up on this trade, but I thought I could recover even a little, so I added another large lot size with a average-down entry.
This also didn’t help and I cut it again without any follow-up.
After this, the trades did not follow my usual trading rules, with approximate entries like “maybe it will go down soon...” or “maybe it will go up soon...” which I wanted to recover, and even when I did approximate entries they mostly missed, resulting in a terrible outcome lol
This week, I made 17 entries in total, summarized as follows.
Well, with this, there's no way to win.
Moreover, two of the 3rd–17th trades were operator errors lol
From the results, I can only deeply reflect on the parts where I did not follow the rules, and there is no need to reassess the technicals since it wasn't a proper test of the technical rule; this was truly a loss that yielded nothing and should never be repeated.
Anyway, I’ll reset and trade according to the rules from next week!!
By the way, regarding next week's trades, the often-cited 2% rule, I think it is important to compute and continue with the maximum balance in mind.
So, starting next week with about 70,000 yen, a risk of 1,400 yen won’t apply. The maximum risk is about 3,000 yen to continue.
From last week’s losses, can I rebound from a 25-game losing streak!? That’s the vibe lol
Of course, everyone has their own approach, so there may be no right answer, but if you end the week or month with a loss and reset the principal, the lot size will decrease and you’ll end up with less profit even if you win the same amount.
I think it’s a waste to reset at a closing point just to tally, as a milestone in the aggregate.
If it takes time to restore, or when it’s time for an annual financial wrap-up, resetting can be good for the mindset, not money!!
If I keep making the same mistake next week and blow the account, it could become a tasty blog lol
Please do add to your favorites and check how next week’s results turn out! lol
【Products for Sale】
Currently released on fx design is “Trailing Stop Designer.” Unlike tools that set values numerically, this is a tool that you actually design directly on the chart with the mouse.
I thought it would be visually intuitive, but...
In MT4/MT5 there aren’t many tools that use GUI operations instead of parameter settings, so the image might be hard to convey.
I hope you can see using the “Trailing Stop Designer” in the 110,000 yen challenge and understand the feel of operating the tool and how the lines behave after designing them.
Aside from trading, there are YouTubers and instructors who regularly share their trading scenarios, and
with the trend lines you design and the pip displays at each line point,
it might be good for conveying information as well, since you can move things easily with just mouse operations lol
There is also a free trial available until 2021/10/2, so please try it out!
→fx design products on sale
Also, we’ve started a GoGoJungle follow & retweet campaign to give away 3 copies of “Trailing Stop Designer Alert for MT4” to participants. Much appreciated ☆(人゜∀゜*)☆ Thank you♪
Since fx design has just started releasing, we would be happy if many people become aware of it through this opportunity!!
Please participate in the follow & retweet campaign!!
Well then, see you again next weekend!
End
Thank you for your continued support.
―― Thank you for watching !! ――
【Week 3】 110,000 yen Challenge Results
・August 23, 2021 (Mon) ～ August 27, 2021 (Fri)
・Account balance 145,547 yen → 73,071 yen (−72,476 yen)
Big Loss!!
It's still early in the 3 weeks, but I messed up.
On Monday, the first trade starts with a loss of 2,920 yen, with a 0.4 lot size at that time.
You might think the lot size is large relative to the account balance, but since the stop-loss range was small, I could trade with 2% risk even with this lot size, so although the loss is painful, the loss amount was within expectations.
Next, the second hit... this marks the start of a nightmare for the week.
I think I examined entry points to some extent as before, but the moment I entered, I thought, “Ah...”.
“Change the lot sizeーー!!”
The lot was too large relative to the stop-loss range, so if I lost, it would be a big loss.
It moved contrary to my expectation, and I should have given up on this trade, but I thought I could recover even a little, so I added another large lot size with a average-down entry.
This also didn’t help and I cut it again without any follow-up.
After this, the trades did not follow my usual trading rules, with approximate entries like “maybe it will go down soon...” or “maybe it will go up soon...” which I wanted to recover, and even when I did approximate entries they mostly missed, resulting in a terrible outcome lol
This week, I made 17 entries in total, summarized as follows.
| Position | Technical Rules |
Money Management Rules |
| 1st | ○ | ○ |
| 2nd | ○ | × |
| 3rd–17th | × | × |
Well, with this, there's no way to win.
Moreover, two of the 3rd–17th trades were operator errors lol
From the results, I can only deeply reflect on the parts where I did not follow the rules, and there is no need to reassess the technicals since it wasn't a proper test of the technical rule; this was truly a loss that yielded nothing and should never be repeated.
Anyway, I’ll reset and trade according to the rules from next week!!
By the way, regarding next week's trades, the often-cited 2% rule, I think it is important to compute and continue with the maximum balance in mind.
So, starting next week with about 70,000 yen, a risk of 1,400 yen won’t apply. The maximum risk is about 3,000 yen to continue.
From last week’s losses, can I rebound from a 25-game losing streak!? That’s the vibe lol
Of course, everyone has their own approach, so there may be no right answer, but if you end the week or month with a loss and reset the principal, the lot size will decrease and you’ll end up with less profit even if you win the same amount.
I think it’s a waste to reset at a closing point just to tally, as a milestone in the aggregate.
If it takes time to restore, or when it’s time for an annual financial wrap-up, resetting can be good for the mindset, not money!!
If I keep making the same mistake next week and blow the account, it could become a tasty blog lol
Please do add to your favorites and check how next week’s results turn out! lol
【Products for Sale】
Currently released on fx design is “Trailing Stop Designer.” Unlike tools that set values numerically, this is a tool that you actually design directly on the chart with the mouse.
I thought it would be visually intuitive, but...
In MT4/MT5 there aren’t many tools that use GUI operations instead of parameter settings, so the image might be hard to convey.
I hope you can see using the “Trailing Stop Designer” in the 110,000 yen challenge and understand the feel of operating the tool and how the lines behave after designing them.
Aside from trading, there are YouTubers and instructors who regularly share their trading scenarios, and
with the trend lines you design and the pip displays at each line point,
it might be good for conveying information as well, since you can move things easily with just mouse operations lol
There is also a free trial available until 2021/10/2, so please try it out!
→fx design products on sale
Also, we’ve started a GoGoJungle follow & retweet campaign to give away 3 copies of “Trailing Stop Designer Alert for MT4” to participants. Much appreciated ☆(人゜∀゜*)☆ Thank you♪
Since fx design has just started releasing, we would be happy if many people become aware of it through this opportunity!!
Please participate in the follow & retweet campaign!!
★★★★★★ Campaign Overview ★★★★★★
? GogoJungle_GogoChart (@GogoJungle_fxon)August 20, 2021
Follow & Retweet Campaign — Winners will receive
fx design’s Trailing Stop Designer Alert for MT4 (Alert version) for 3 winners!
①@Gogojungle_fxonFollow
② Retweet the following post
【Deadline】 Until 9/6 (Mon) 21:00pic.twitter.com/uP3CFmwLDN
Well then, see you again next weekend!
End
Thank you for your continued support.
―― Thank you for watching !! ――
× ![]()
