Mike Trader Discussion

if it's too good then why not do it on real account?

Good question, and an honest one you're right that a demo curve only proves the logic runs, not that it makes money. That's exactly why it's up as a demo rather than dressed as anything else. I'm still working through the execution side, and when there's a live account it'll go up alongside this one so people can compare them properly. Appreciate you asking.

if it's only for demo and testing then why are you offering the subscription?

can you explain the logic behind your trading strategy? or if you have any plan to sell it? I reviewed the history and it seems very good. however what i could not understood is why are you taking multiple trades at the same time in the same direction? why not just take one trade with bigger lot size?

TIA

Thank you for taking the time to actually go through the history that's a fair question and not many people ask it.

The strategy is built on support and resistance. It identifies the levels that matter, waits for price to reach one, and then trades the reaction either a rejection back off the level, or a clean break and retest from the other side. Stops sit beyond the level with an ATR buffer rather than a fixed pip distance, so they adjust to how volatile gold is in that session. I'll keep the specific level-selection rules private for now, but that's the framework.

On your question about multiple positions instead of one larger lot they don't open at the same time. Only the first entry is sized against account equity. The additional legs open only once that first position is already in profit and its stop has moved to breakeven or better, so the added size is funded by open profit rather than by new risk. A single large lot does the opposite: it commits full size at the entry, which is the point where you know the least, and every losing trade then costs the full amount.

The result is asymmetry. A losing trade stays at one unit. A trade that runs can end up at three or four. Each leg also carries its own stop, so positions can be trailed and closed in stages rather than exited all at once.

The numbers so far, over 11 trading days on this demo: 305.65% total, 13.58% compounded per trading day, 0.73% maximum drawdown, 87% win rate across 104 trades. MyFxBook's own daily figure shows 9.15%.

On selling: that's the plan, but only once there's a live record behind it. I'll post that here when it exists.