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Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

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  • #12,761
  • Dec 2, 2022 8:44am Dec 2, 2022 8:44am
Quoting sampat
https://www.youtube.com/watch?v=IEiX7QMXxHM
He should wear that outfit permanently - it suits him
  • #12,762
  • Dec 2, 2022 9:51am Dec 2, 2022 9:51am
Quoting Bizziebee
Hi every person taking Prop challenge, I'm going to be Father Christmas now I have been testing an EA for the last week or so and have had really excellent results. It is very suitable for passing Prop trading challenges. It is a recovery EA and makes sure you always end up with a profit. If you guess right you win big (depend on settings) and if you guess wrong, you still end up with a small profit. Ideally you need to use it manually at London/NY session open times so that you take advantage of volatility - doesn't matter if you're...

Can you make almost 100% with this in a month ? You have to start with very low lot size.
  • #12,763
  • Dec 2, 2022 10:14am Dec 2, 2022 10:14am
Quoting Bizziebee
Hi every person taking Prop challenge, I'm going to be Father Christmas now I have been testing an EA for the last week or so and have had really excellent results. It is very suitable for passing Prop trading challenges. It is a recovery EA and makes sure you always end up with a profit. If you guess right you win big (depend on settings) and if you guess wrong, you still end up with a small profit. Ideally you need to use it manually at London/NY session open times so that you take advantage of volatility - doesn't matter if you're...

It will lose in a range market.
  • #12,764
  • Dec 2, 2022 10:15am Dec 2, 2022 10:15am
Quoting Eren10
{quote} Can you make almost 100% with this in a month ? You have to start with very low lot size.
Well since Monday I made 10% on an FTMO trial 50k account quite easily.

The big problem is a ranging market which can cause problems if the EA opens multiple trades. Ideally 3 or 4 trades is the maximum so as I said, best to use it during high volatility or trending market.

This afternoon I opened 7 trades and all were winners because of the high volatility. The great advantage is that it doesn't matter if you're wrong when volatility is high. Of the 7 trades, I guessed right 5 times. Normally I would have tried scalping a few ticks here and there and probably blown my account in the process

Best for you to test it yourself - I have been mainly testing on Gold and Indices
  • #12,765
  • Dec 2, 2022 10:16am Dec 2, 2022 10:16am
Quoting navk
hi guys, is there any instrument that can be traded on saturday/sunday with TFTP ?
If you have standard swing account crypto.
  • #12,767
  • Dec 2, 2022 10:27am Dec 2, 2022 10:27am
Quoting Bizziebee
{quote} Well since Monday I made 10% on an FTMO trial 50k account quite easily. The big problem is a ranging market which can cause problems if the EA opens multiple trades. Ideally 3 or 4 trades is the maximum so as I said, best to use it during high volatility or trending market. This afternoon I opened 7 trades and all were winners because of the high volatility. The great advantage is that it doesn't matter if you're wrong when volatility is high. Of the 7 trades, I guessed right 5 times. Normally I would have tried scalping a few ticks here...

So actually you completed the challenge, very good. I have done the double selling/buying when I am wrong at critical levels and that worked well.


Did you completed the challenge because you were right most of the time or because of the method ? And what is your starting lot size?
  • #12,768
  • Dec 2, 2022 10:31am Dec 2, 2022 10:31am
Quoting Takisd
{quote} It will lose in a range market.

Absolutely. Which is why it matters when and what one trades. Gold and Indices are safe especially during news event and London/US open

I think it's really a good tool to help one overcome fear. As you probably agree, fear of when to open a trade and fear of loss are the killers in our game and this tool can help to allay those fears.

I do believe that the advantages outway the disadvantages. Of course using an appropriate initial lot size is the key.
  • #12,769
  • Dec 2, 2022 10:37am Dec 2, 2022 10:37am
Hi

so what about Smart Prop Trader?
in holiday till end of November
  • #12,770
  • Dec 2, 2022 10:38am Dec 2, 2022 10:38am
Quoting Eren10
{quote} So actually you completed the challenge, very good. I have done the double selling/buying when I am wrong at critical levels and that worked well. Did you completed the challenge because you were right most of the time or because of the method ? And what is your starting lot size?
Right most of the time - we normally are!

I used one lot on trial but on a real challenge I would use .5 lots but it really depends on the size of your account as well as how confident you feel. If it opens a recovery trade, you don't get much profit so it's probably better to have an easily achievable TP

Best you test it yourself - you'll soon learn how to use it
  • #12,772
  • Dec 2, 2022 10:40am Dec 2, 2022 10:40am
Quoting forexbali
Hi so what about Smart Prop Trader?
Inserted Video
  • #12,773
  • Dec 2, 2022 11:36am Dec 2, 2022 11:36am
Quoting Bizziebee
{quote} It wasn't
they gave away a free $200,000 trading account on Day 1. I'd say that was pretty cool. It was also the first day of 20+ days of free prizes and giveaways
  • #12,774
  • Dec 2, 2022 11:57am Dec 2, 2022 11:57am
Quoting Bizziebee
{quote} Right most of the time - we normally are! I used one lot on trial but on a real challenge I would use .5 lots but it really depends on the size of your account as well as how confident you feel. If it opens a recovery trade, you don't get much profit so it's probably better to have an easily achievable TP Best you test it yourself - you'll soon learn how to use it

Thanx for sharing.
  • #12,775
  • Dec 2, 2022 12:04pm Dec 2, 2022 12:04pm
Quoting Bizziebee
Hi every person taking Prop challenge, I'm going to be Father Christmas now I have been testing an EA for the last week or so and have had really excellent results. It is very suitable for passing Prop trading challenges. It is a recovery EA and makes sure you always end up with a profit. If you guess right you win big (depend on settings) and if you guess wrong, you still end up with a small profit. Ideally you need to use it manually at London/NY session open times so that you take advantage of volatility - doesn't matter if you're...
Key of using such algo is regular withdrawals as sooner or later account will blow up.
  • #12,776
  • Dec 2, 2022 12:50pm Dec 2, 2022 12:50pm
Quoting TheDoug
{quote} they gave away a free $200,000 trading account on Day 1. I'd say that was pretty cool. It was also the first day of 20+ days of free prizes and giveaways
I think the vast majority would hve preferred to see a new and exciting product rather then some sort of lottery
  • #12,777
  • Dec 2, 2022 12:57pm Dec 2, 2022 12:57pm
To celebrate hitting 10,000 members, Prop Traders Club are running a giveaway. The giveaway is sponsored by FundedNext who a generously giving us two $15,000 evaluation challenges to give away.

Head over to the Facebook group now to put in your entry. Alternatively, enter directly from the website here.

Winners will be announced in the FB group on the 21st of December.
  • #12,778
  • Dec 2, 2022 9:59pm Dec 2, 2022 9:59pm
If a liquidity crisis is coming, what do we think that means for props?
  • #12,779
  • Dec 3, 2022 12:00am Dec 3, 2022 12:00am
Quoting Thoughts
If a liquidity crisis is coming, what do we think that means for props?
now where have you heard that? such a thing imo can only be induced, and CBDC comes to mind now that i think about it.
  • #12,780
  • Edited 12:23am Dec 3, 2022 12:04am | Edited 12:23am
Quoting sampat
{quote} https://www.youtube.com/watch?v=eiVMmUTjuxE
FTMO copy with better prices, lower targets. haven t looked into the leverage offered, min trading days or BS hidden rules in TC but looks ok thus far. payout history? Nvrmd.
Saw Blakes video.
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