“FXtreme 10”, how to make $10,000 from $1,000 starting capital, strategy and plan

Let’s start this post like this. FXtreme 10 is not a holy grail and this strategy and plan is probably the easiest part of this mission, but for sure is something on which you can lean on. It’s working and it can give you a fantastic result if you have enough discipline. I was working for couple of years on my FXtreme strategies, tested almost the impossible ones during it and I can tell that this strategy works. Sure, it’s tough to acomplish this mission until the end, but I will try to lead you step by step in my article how to reach the target. I spend huge money and time on my FXtreme strategies, but I will give it here in my blog for FREE. If I can help you to achive this goal, it’s my success as well. So, let’s begin.

FXtreme by Mario Urlic x10

RISK

I will start this with risk, but I must say that the risk is not the most important in this mission, because making a 1000% doesn’t mean that you have to take 50 or 70% risk in you trades. If you think too much about losing money, you will be in problems from the start and that’s why you should begin this like there is no risk at all. I deliberately didn’t indicate the level of risk that you should take in each stage, because each trader will set it up and determine for itself, but, I can tell that there is no need for risk to be bigger then 30-35% in total. Also, you can see in my stragey plan that I have marked risk as like there is no risk in the beginning (green), while the same increases slowly from stage 3 furder on (red). It’s not a fail, it’s a psychological issue. Why? Each of you have the most confidence in the beginning of trading and you must take that as your advantage. Confidence means that you are not afraid and that will help you for a good start, but at some point you will start to think about risk and based on my experience it will happen somewere near stage 4, when you tripled the starting capital. From that level risk will be bigger for you, psychological. That’s why I am lowering the leverage in each next stage from the beginning, how to lower the risk in trades toward the end, while the same will increase for you psychologically.

STAGES

There is not much to write about this, as you can see there are 9 stages in this mission, with 100 pips gain in each one. Don’t change the leverage/position size until you finish the stage in total. Stick to that rule.

LEVERAGE

In risk explanation I wrote mostly how I have determinated the leverage and why. As the leverage is changing, the mission starts with leverage of 50:1 and it ends at 10:1. That means that your risk is lowest at the end of the mission, as I’ve already explained. It can’t be other way because of the psychology.

POSITION SIZE/LOT MAX.

The position size is determined by leverage and based on my experience, this should be the biggest size of your total trades in this mission, stage by stage. It’s not only that I’ve adjust this for the needed gain, but I’ve think about losing trades in this as well. It will give you enough space for decent protection in each stage, especially at the last three stages, the most important ones. It’s doesn’t mean that you need to have one position in this pointed size, you can have it few, but also all opened positions should not be bigger then detected lots in maximum.

PIPS PER STAGE /100/

100 pips per stage target doesn’t mean that you need to take 100 pips in one trade, no. Sure, if there will be an opportunity to take such a trade, take it why not. But, I would suggest for you to take a 30 to 35 pips targets in single trades. Collect the gain in each stage like that and it will give you more confidence latter on. If you wait too long for large targets, you can become nervous and you know that the market could turn back without a reason, which can be even the bigger problem. If you will have an opportunity to take a bigger trade such as 70 or 100 pips, never stay with SL at break even/entry or even bellow. Move it at least at 30 to 35 pips profit. Your mind will react differently if your winning trade ends at zero or loss and if it ends with gain, no matter the same ends at SL. Stop Loss (SL) at the winning point is same as Take Profit (TP), remember that. It’s a winning trade, it’s not a loss!

At the right side of the strategy page you can run the statistic on how much trades and days you needed to end a certain stage and how much drawdown have you made by trying. Because, you will have a losing trades of course.

LOSING TRADES

Yes, you will have losing trades in this mission, what have you think? 🙂  Of course that you can’t win 900 pips without losing trades and this is very important when it hapens, I could say the most importnat issue in FXtreme strategy. That’s why I will write this! Your losing trade should never be bigger then your previous winning trade. When you win, let’s say 30 pips in stage one, it will bring you aprox $150 profit. In the next trade, don’t risk more then that! If you lose that trade, you can start again like nothing happened, but if you lose too much, you can easily ruin the mission. Try to stick to this and keep pushing forward. Let’s say that you lose a first trade in stage 3, then you will return in stage 2. Don’t continue to trade with lot size from stage 3, because you want to return the loss faster, but return you trades to lot size from stage 2, until you finish the same again. Control your losing trades and that will keep you calm during the mission.

Conclusion

All I can say at the end of the article is that this is possible to trade. I’ve traded for many times during my testings on real accounts, with various account sizes. I’ve traded for several times much stronger strategy than this one, the “FXtreme Aggressive”. The results of my FXtreme trading from 2017 you can check HERE >>>

But, what I want to write before your questions and comments is this. Discipline is everything here and only one thoughtless mistake can ruin your mission. Don’t rush into positions and be calm. If you stick to the plan with desire to reach the target, it can become a great advanture. There is nothing more tempting on forex then reach the goal, to keep trying and never surrender. Protect your starting capital and try to reach this goal with my help.

Btw. I started to trade with FXtreme Aggressive 10 today, with a same capital and goal and I will present my results here soon as I reach the target. Feel free to ask anything, I am ready to answer on all your questions.

Good luck!

 

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25 comments

  • okay cool, Trading is a real journey.
    in my blog when I talked about sunday, I find statistically after reviewing my week of trading. sunday is usually the day that a loss occurs consistently which can sometimes snowball. it can be due to many reason, I may have been to excited from resting over the weekend or just eager to open positions. I found sunday was the day that I made a dent in my account and my progress overall.

    Then to back it up big banks dont trade sundays anyway so where will we get the volume from for those good positions and movements.

    Like

  • How’s the journey going with this strategy?? I’m currently blogging my journey on my page as well. I Just have a few back dated post to when u blew up and a few more post I still need to publish

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    • Hi,
      As for my personal FXtreme10 trading plan I must say that I am currently not trading that because of some new bussines oportunities and new cooperation in the beginning of 2018. Tried this for one week when I wrote it, but it didn’t worked well for me, after I took a break. But, I will continue with this plan on Monday again and wrote my experience and complete results when I finish, this previous results as well.

      Btw. I read what you wrote in your blog and all I can say that you have notice good the problems with trading over the phone. I mean, the mobile phone could be just a control device for your current running positions, not in any case for opening the new ones. Even me, who knows the market moves backward for years can’t make decent decisions over the same, it’s simply impossible.
      I don’t understand when you wrote trading Sunday’s you’ve lost the most? What do you mean by that, as the fx market isn’t working on Sunday.

      Liked by 1 person

  • Hi Mario do you calculate pivot points or use any excel data for analysis?

    Liked by 1 person

    • Hi Ddfx,
      Sorry for late answer, I was on trip for few days, just returned back home. Well, I don’t calculate pivot points since I have it automatically in my charts and I use the same sometimes for my entry/exit decisions, yes.

      Like

      • Thanks Mario
        How many equity’s commodities and bonds do you analyse?

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        • Most of the time I analyse and trade gold, crude oil is next and then majors, EUR/USD and GBP/USD, rearly USD/JPY and that’s all.

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  • And 1 another question has born in my minde as curios as i em: You say 9 working days but in total how much days these survie has last!? Thanc you 🙂

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    • Hi mizi,
      Don’t try to do this in 9 days, I just says that I needed that much last time I traded with this amount of capital and with this target. It’s not important if you will trade this for 20 or 40 days, what’s important is to stick to the plan and to remain the discipline. But, there is no garuantee that you will succeed with this of course, it’s tough to reach.

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  • Dear Mario do you follow CFTC or options report ?

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    • Hi Clarence,
      No, I don’t follow Commitments of Traders or options report. When I trade I rely solely on my personal view of the situation and possible market movement, I don’t bother myself with something like that.

      Like

      • Thanks Mario

        Like

  • Is this strategy possible long term?

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    • Well, if you set this plan to yourself for a 12 months period, it’s a long term, right? 🙂 On the other hand, position sizes point at short term trading sesions, but it’s not important are they 20 or 50 days long.

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      • True, thank you. 🙂 How long do you trade something like this?

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        • For a long time I didn’t trade with such a small capital size, but last time when I was successful I needed 9 working days.

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  • Mario thanc you like first, second system and analysys are our own, or you plane to post something about that in future days. Thanc you!?

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    • You’re welcome mizi. No, I don’t have intention to give trading advices or entry tips if that’s what you think. But, I will post my own trading results/statement when I finish. Btw. My strategy is more aggressive then this one, they are not the same.

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      • Egxactly that was what i mean thanc you for the strategy anyway 😉

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  • Nice as always, I told you how we miss this Mario. 🙂 In average how much positions we need for one stage, cause of losing ones.

    Liked by 1 person

    • Well, there are no rules, it all depens how much you will lose. 🙂 As I wrote, best targets are in between 30 and 35 pips, stop losses as well, depens on previous trade. If everything is going well, you need aprox 3 trades for 1 stage. But, it’s impossible to keep a winning streak all the time and that’s why you should be careful when you make a mistake. Don’t overtrade and don’t try to finish this quickly, duration it’s not important, right!?

      Liked by 1 person

  • I’m disappointed unfortunately :/ Why do we need a plan if we lose 7 trades with each 10 trades we take ?? I tough you going to teach us a strategy on how to take trades with high probability

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    • Yes, unfortunely it is not an strategy is a money management, it is very important but nothing new

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    • @housinne
      If you can’t find right positions and if your positions are mostly losing ones, then neither strategy can be good for you. But, that doesn’t mean that the FXtreme strategy is not good. This strategy is mostly for diciplined traders with low profitability, it shows how to make money in the market, not how to take a high probability trades, unfortunately for you, agree. Sorry.

      Like

  • great Bro ..

    Liked by 1 person

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