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  • #34,321
  • Apr 7, 2024 8:08pm Apr 7, 2024 8:08pm
Quoting ranilo.vince
{quote} Congrats! I've been researching further on Apex and it seems you really need to close your trade the same day? So, if you're a swing trader, it won't work? Or am I missing something?
all the future prop firms are like that same day close. Only scalpers can pass apex coz of trailing threshold.
Extreme gut feeling trader
  • #34,322
  • Apr 7, 2024 8:12pm Apr 7, 2024 8:12pm
Quoting hayseed
{quote} //----- hey 21..... you are absolutely correct, at least in my mind..... 100%...... to pass step 1 with topstepfx in 2019/20 we had to double our accounts in 30 days...... that was not easy, for me at least..... still have my trade explorers..... 100%..... there is no shame in trading responsibly and taking your time...... personally i'm comfortable at 10% per month, so it takes me roughly 20 days to pass the average 100k challenge...... myfundedfx having that unlimited time helped...... losing mq4 in prop firms was unfortunate.... apex...
not slow thats great. For me its a probablity game. So in short each try cost 35$ buck usually i pay 300$ for 100k account in forex so. I yolo with 10contracts with 10 tries and atleast pass 2. thats how i accumulates 12 total funded with 40 tries in 3 days (my win rate is high the issue is trailing price goes up 40points and then come to breakeven and boom lost the challenge and then hit the tp happened atleast 7 out of 10 failed ones). First 15 tries can be neglected as it was my first time made some mistakes and accidently copied same trade in them rather than doing individually.
Extreme gut feeling trader
  • #34,323
  • Apr 7, 2024 8:57pm Apr 7, 2024 8:57pm
Quoting maltrader
{quote} Yes, all trades and orders must be closed by EOD.
I'm only trade EURJPY
If I wanna trade Future, what is your recommend?
  • #34,324
  • Edited 10:41pm Apr 7, 2024 9:33pm | Edited 10:41pm
Quoting HengkiTjen
{quote} I'm only trade EURJPY If I wanna trade Future, what is your recommend?
I think there is a something for euro. Something for Jpy not together.... whatever the case swing/holding for tp is not recommended for futures coz of trailing. Quick scalp is the way
Extreme gut feeling trader
  • #34,325
  • Apr 7, 2024 9:36pm Apr 7, 2024 9:36pm
Diamond hands trade on ftmo accounts.. down 4% … first gold smoked me on friday.. now holding this 2350 to pass the phase 2 … fingers crossed .. secured 5k with positive sl
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Extreme gut feeling trader
  • #34,326
  • Edited 9:53pm Apr 7, 2024 9:40pm | Edited 9:53pm
Quoting montygoldy
Diamond hands trade on ftmo accounts.. down 4% … first gold smoked me on friday.. now holding this 2350 to pass the phase 2 … fingers crossed .. secured 5k with positive sl {image} {image}
just posted the setup and its a done deal lol lovely passed ftmo 2x200k in one trade while 4% down
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Extreme gut feeling trader
  • #34,327
  • Apr 7, 2024 10:05pm Apr 7, 2024 10:05pm
Quoting montygoldy
not slow thats great. For me its a probablity game. So in short each try cost 35$ buck usually i pay 300$ for 100k account in forex so. I yolo with 10contracts with 10 tries and atleast pass 2. .
//----

hey monty....... yes, i read and closely study your posts..... you are one of the very few that are openly upfront in results, good and bad..... i admire your openness....... please continue.....

we are on opposite ends of the spectrum in regards to risk and there is nothing wrong with that.....

my list tolerance is $100 a trade.... my largest apex futures loss so far in over $40,000 is 79$.... average loss is 19$.....

i knew yesterday, quite accurately how many trades will be made this week, approximate win/loss, $ gain and so on...... as you said, it's all probabilities...... and probably i'll make less than you this week......

nothing wrong with that either......h
to trade and code, keep both simple... no call to impress....h
  • #34,328
  • Apr 7, 2024 10:14pm Apr 7, 2024 10:14pm
Quoting montygoldy
{quote} all the future prop firms are like that same day close. Only scalpers can pass apex coz of trailing threshold.
Noted. Now I guess I have no choice but to setup an alarm just to close my trade before trading session closes. Because right now, I am used to letting my trade run even for the following day.
We're not here to be right, we're here to Profit Consistently!
  • #34,329
  • Apr 7, 2024 10:14pm Apr 7, 2024 10:14pm
Quoting maltrader
{quote} Yes, all trades and orders must be closed by EOD.
Thanks for confirming Maltrader.
We're not here to be right, we're here to Profit Consistently!
  • #34,330
  • Apr 7, 2024 10:31pm Apr 7, 2024 10:31pm
Quoting montygoldy
{quote} I think there is a something for euro. Something for Jpy not together.... whatever the case swing/holding for tp is recommended for futures coz of trailing. Quick scalp is the way
Yes
How you go with the future trade ?
  • #34,331
  • Apr 7, 2024 10:32pm Apr 7, 2024 10:32pm
Quoting montygoldy
{quote} just posted the setup and its a done deal lol lovely passed ftmo 2x200k in one trade while 4% down {image} {image}
Let us know if you receive a warning email from FTMO about gambling/one-sided betting. Your margin level was 157%.
  • #34,332
  • Apr 7, 2024 10:35pm Apr 7, 2024 10:35pm
Quoting HengkiTjen
{quote} I'm only trade EURJPY If I wanna trade Future, what is your recommend?
Not sure. I just started a few weeks ago and trade indices and gold. Not much difference for me. From what I see, https://www.cmegroup.com/markets/fx/...l#venue=globex this is what you're looking for But I haven't seen any of the prop firms offering it.

Tried Apex, Bulenox, Top step and MFFu so far.
  • #34,333
  • Apr 7, 2024 10:36pm Apr 7, 2024 10:36pm
Quoting hayseed
{quote} //---- hey monty....... yes, i read and closely study your posts..... you are one of the very few that are openly upfront in results, good and bad..... i admire your openness....... please continue..... we are on opposite ends of the spectrum in regards to risk and there is nothing wrong with that..... my list tolerance is $100 a trade.... my largest apex futures loss so far in over $40,000 is 79$.... average loss is 19$..... i knew yesterday, quite accurately how many trades will be made this week, approximate win/loss, $ gain and so on.........
i wasn't comparing. Keep up the good work. Just showing other the other side of coin. If you have a good edge and high win percentage. Its ok to take risks and get done faster
Extreme gut feeling trader
  • #34,334
  • Apr 7, 2024 10:37pm Apr 7, 2024 10:37pm
Quoting ladder
{quote} Let us know if you receive a warning email from FTMO about gambling/one-sided betting. Your margin level was 157%.
Don't think they bother on challenges. I got my warning on the live account.
  • #34,335
  • Apr 7, 2024 10:39pm Apr 7, 2024 10:39pm
Quoting ladder
{quote} Let us know if you receive a warning email from FTMO about gambling/one-sided betting. Your margin level was 157%.
Its a swing account and 5lot on gold is good enough. Thats what i used on phase 1 as well. Its pretty low compared to 200k. ON regular account 10lot is like nothing.
Extreme gut feeling trader
  • #34,336
  • Apr 7, 2024 10:40pm Apr 7, 2024 10:40pm
Quoting maltrader
{quote} Don't think they bother on challenges. I got my warning on the live account.
what was the exact warning and what type of account...
Extreme gut feeling trader
  • #34,337
  • Apr 7, 2024 10:48pm Apr 7, 2024 10:48pm
Quoting montygoldy
{quote} i wasn't comparing. Keep up the good work. Just showing other the other side of coin. If you have a good edge and high win percentage. Its ok to take risks and get done faster
I noticed you martingale a lot (as in you enter same direction when 1st trade goes negative). Is martingale an edge that helps you achieve your goals?
  • #34,338
  • Apr 7, 2024 10:49pm Apr 7, 2024 10:49pm
Quoting montygoldy
{quote} what was the exact warning and what type of account...
Switched to swing when I got funded. Went to near max margin for gold.

Said I was doing one-sided betting and left near 0 margin, and a healthy risk is 0.5% to 1% of account size.
  • #34,339
  • Edited Apr 8, 2024 12:21am Apr 7, 2024 11:41pm | Edited Apr 8, 2024 12:21am
Quoting OutThere
{quote} I noticed you martingale a lot (as in you enter same direction when 1st trade goes negative). Is martingale an edge that helps you achieve your goals?
not martingale my positions are same size and with fixed loss and one at time.... I built my edge by experience and price action. Then using multiple time frames to build a bias. Then enter at potential places from where price can move in my direction. When i am wrong stop loss hit then enter at another potential spot. Once i have a daily bias its hard for me to switch so after couple losses i stop trading that instrument.
If you think thats martingale i would have been banned every where
Extreme gut feeling trader
  • #34,340
  • Apr 8, 2024 12:03am Apr 8, 2024 12:03am
Finally got around to signing up with Darwinex Zero. This is going to be a fun little adventure. Bye bye YOLO trading. Hello flawless risk management.

I was surprised that my original account with Darwinex was from 2017 when they were planning on accepting US customers. Then they terminated that plan due to the cost and aggravation associated with doing business in the US.

Anyways, I got my Meta4 credentials immediately after paying the initial $103 fee. (Darwinex-Live-Tradeslide Trading tech Limited).

Now I am in the "calibration" stage where I just need to trade for 10 days before the risk engine can analyze my sexy trading and generate my Darwinex Index.

An excellent 8 minute video here explaining the calibration phase
Inserted Video
Pride always comes before destruction.... -Proverbs 16:18
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