Thanks for your great insight as always. So, do you have a quick effective way of determining a ranging market ?

Magic 100

Today was a red day using M5 for me, attempted 5 times, 3 losses and 2 BEs... probably wasn't able to see the market right... bit frustrated! how was your day Aliens?

Magic 100

Are you trading with MT4? Giraia might not work due to the symbol names containing a prefix/suffix.

The5ers - Trading & Growth Program

Alien, do you trade London and US session? is there any particular difference between them in terms of volatility and market direction that you've noticed and take into account in your decisions?

Magic 100

GU stopped out twice during US session (first entry was a mistake (green candle)) Looks like the time of day is critical for momentum. London seems to work quite better. image

Magic 100

GU 5R (missed this one, was not watching my charts) beautiful !! image

Magic 100

Thanks, yes I'm backtesting intensively and from the data I'm getting it seems that M5 can provide for 5R moves most of the times. Do you even look at the higher timeframes for direction ?

Magic 100

EU +5R (5m tf) image

Magic 100

Awesome! thanks for sharing this concept. Will give it a try too!

Magic 100

Right, I understand, but with a prop firm, making 10% a month consistently can bring anyone a joyful life. I appreciate a calm life too, that's what I'm also looking for, but family, kids, we have to pay for things, right? Anyway, I'm looking at ...

Magic 100

Aliens, have you considered becoming a funded trader? Should be fairly easy for you to pass the initial challenges and stay aligned with the minimum requirements.

Magic 100

I think its easier to understand if you focus on your SL amount. Assuming you trade one position at a time, your floating max loss will never exceed your SL distance in monetary value. If you have several orders then make sure your overall SL ...

FTMO - For serious traders

I definitely had the same issue in my trial, emailed support and solved, but it is worrying if this keeps happening on a funded account. They should get this fixed as it is a critical component of the whole operation.

FTMO - For serious traders

Rules are not clear on the website. How does the doubling of funds work? what are the exact criteria for it to happen? Is it recurring or just one time? Thanks.

The5ers - Trading & Growth Program

Great concept, but you might want to be aware that the giraia (if not all) csm might have had other values at the time of entry (quite some time before you took the screenshot)

Magic 100

from what I understand, after being funded you don't have profit requirements at all, just stay within the DD parameters and that's it, you can even have small losing months.

FTMO - For serious traders

He already got scaled up. Looks to me that FTMO is looking to change the game in this market, wanting to be the best prop firm and provide a good service to the retail trader. I'm just saying what I'm seeing after a lot of research, and believe me ...

FTMO - For serious traders

An acquaintance of mine has been with FTMO for more than 10 months and very happy. He's a highly skilled trader but you won't find him on forums or youtube but enjoying his low profile life and working towards new goals away from the spotlight. ...

FTMO - For serious traders

Yes, you are right, so you'd cancel the previous pending order and place a new one there. same thing

Magic 100

Nice! but if you'd used Minotaur's rules, you would have reached the 3R quite easily. image

Magic 100