Numbers speak for them selfs. Go on MyFxbook and Search for public Systems with the Name ICT, they all lose (80-90%) of them and those who winn arent Consitent. Go on public trading leaderboards and Search for Systems with ICT in their Name, they ...

Gold

I have to Call you out, becouse everything you sayed doesnt make sense. Every single thing! Lets Start with the leverage, you sayed 1:300 is too much. You cant have too much leverage. In CFD trading the leverage indicates your margin requirement ...

Best Brokers for XAUUSD (Gold Trading)

There is a trick to manually refresh MyFxbook every 5minutes. Go to settings on your portfolio, then on verification, then click the "connect" button. Once it reconnected just refresh the page. sometimes my myfxbook doesent automaticly update for ...

What is your favourite trading journal?

I saw a lot of People here try to give you trading advice. Talking about trade management or trading skills or even talking about how Steve Jobs never gave up. This wont Change your Situation, the hard reality is, putting more Time and Energy into ...

A Cry for help

Your target is unrealistic and what makes you short 1h befor CPI + unemployment claims? Just wondering and just my opinnion. I personally would wait for bad data and a bullish push and see if i can scalp it with shorts back down (depending on Data), ...

S&P500 trading

This is not a longterm soloution and Not a Universal Key to trading success. You have big exponentiall risks for linear rewards, the risk reward ratio doesnt make sense. Simply sayed the total risk is not worth the linear rewards, you cant compound ...

Martingale Hedging Recovery Strategy

FTMO doesnt trade CFDs, they simulate CFD trading, its a gray area. Its not real in the first place. But i personally think they should be punished for their greed, offering Services where its not allowed, or for Kind of claiming to offer CFD ...

Prop Firm Hub

This is exponetiall risk For linear rewards, its not Smart and its not good trading. This wont work longterm, this wont make you a consistently profitable trader. You have a constant big risk for small or linear profits, dont put your self im that ...

Hedging Because You Don't Want To Lose

Whats your guys longterm view on gold? I personally See it bullish, specially as wars continiu and bad economic data + election uncertianty. This doesnt mean i randomly buy Gold, just wanna hear some longterm opinnions and explanations.

Gold

Drawdown usually means floating/Open losses. The numbers make sense, the question is, is the risk worth the rewards? If you make 10% a month and you manage to stay below 20% total drawdown, you will build and close profits which will Cover drawdowns ...

What is the best Drawdown?

The key variable is how did the drawdown happen? Do you Start with a big lotsize, do you add into losses and have exponetiall growhing risk? Will the drawdown gain Speed against you? I would say you need a small lotsize to blance ratio and room for ...

What is the best Drawdown?

The risk is your failure and losing the fee. The potential reward is questionable, (in my opinnion). I personally dont think its worth it, becouse its not the most efficiant move to maximize your trading, but besides that the risk depends on your ...

Prop Firm Hub

First of all, its right to avoid dubbling down, i agree. You want to stay away from exponetiall risks! You asked " is it possible to avoid risking a entiere Account by hedging?" The Answer is simple, dont put your self in that Position in the first ...

Hedging Because You Don't Want To Lose

[quote=booker21;14704085] What exactly where you testing? Did you review your data? Where did things go bad and where did things go good? For example times of the day, results during News, Trending market vs ranging market and all that. Im sure we ...

Is a 100% systematic approach possible?

You should look into copy trading, its all about maximization If you know you are profitable, then why not give others the opportunity to copy your live trades and earn a Performance fee? I think its even better then prop Firms in the first place, ...

Self funded vs prop firm… truth behind it

I have a HFT tick scalping EA which turned 3.000$ into 12.7 Million USD on demo on US30 The Problem is, it only seems to work on certin demo accounts with certin Server conditions. It can be used to Pass some demo prop challenges, thats the only ...

HFT trading - possible?

I do look for divergences, but Not for my scalping entrys. For example, if there would be a bearish divergence on US indicies in the 4h or daily timeframe, i just wouldent scalp buys. I rather stay out or look for high quality short setups. I have a ...

Why do people entitle scalping as invalid trading approach?

8x months and 640x trades, its an average of 4x trades per day, but i tradet 1xlots since thats the minimum lotsize for US indicies on icmarkets, looking back at it there was some luck involved. I had a good profit buffer in the first month, from ...

Why do people entitle scalping as invalid trading approach?

It depends on the setup, i mainly trade US indicies. I use the vix, DXY and SQQQ to get a idea about the higher timeframe cycle. There are multiple variables, not only how many pips price moved against me, but also with what lotsize the first hedge ...

Why do people entitle scalping as invalid trading approach?

You should look into rebates. Signing up through a parter link and receiving commissions for the Volume you create. Such a breakeven EA would be good for that. Ofcurse it would be more profitable with a higher trade freqeuncy (volume), but the point ...

Trading Initial Balances and EA