My FTMO journey: trials, trials and maybe more anytime

The US100 gives about 8euro per pip per lot.

With a 1-lot trade and a 4000 limit, you could survive a 500 pip drawdown.
With 4-lots open, you can survive a 125 pip drawdown.
With 6-lots, around an 85-pip drawdown.

All assumes price reverts. Actually, all your trades seem to show reversion is a high probability.

Notwithstanding the Daily Max Limit, this is still a significantly positive method.
Good luck on next few days.

EDIT: do you not have a failsafe exit rule?
You never seem to take a loss. (not criticizing, I have blown about 5 accounts so far!)
 
trendie said:
EDIT: do you not have a failsafe exit rule?
Click to expand...
Yes, but more on the chart figures than on pips.
I didn't and don't see a turnaround for today yet, maybe in 20 minutes or 1 1/2 hours.
Maybe not today, but tomorrow.

For a while I traded with sl on open trades, and I lost more than without sl.
There is a lot of room for improvement.
 
IlIlIlIlI said:
Yes, but more on the chart figures than on pips.
I didn't and don't see a turnaround for today yet, maybe in 20 minutes or 1 1/2 hours.
Maybe not today, but tomorrow.

For a while I traded with sl on open trades, and I lost more than without sl.
There is a lot of room for improvement.
Click to expand...
I understand the dilemma.
On my "other" accounts, I aggregate trades, and hedge, and if I do it properly, even a losing proposition can be managed with a much lower accumulated exit price, if not for break-even.

Its always those fat-tails tripping you up.
 
Today I broker the chain of winning trades as I closed the last trade (# 100) with a small loss.
I didn't like the market moves after the US opening and wanted to end the trading session.
I had enough profit to take the profit target of the challenge with this trial account after 7 days.
Didn't hold the 4 lots always but the trades were under control, the max. daily loss today was always significantly less than 1k.
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Didn't hold any rules when the market started to fool my impatient lunch time trade analysis ;)
Should I learn and practice more discipline?
Traded up to 10 lots today, the DD shown in MT4 was a little bit higher than 2k, the daily loss limit was less than 2k as there were some trades closed with profit.
Got the second loss trade of this trial today when I entered a typical "my-broker-hates-me-for-that" scalping trade with originally 1.5 pips tp and got a worse fill to turn it into a small loss.
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Day 9 - done fast.
I traded only (better: disciplined ;)) 4 positions, starting with a pair short as the M1 RSI left the 70 line downwards.
The market didn'r react in the educated ;) way immediately, so I waited for the same signal on GER30 and added a third trade for US100 and one for GER30.
That worked.
I just had to cut my tp to 14632 to get the fill - the lowest price for buyers shown in MT4 was 14631.80.
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Last edited:
IlIlIlIlI said:
Day 9 - done fast.
I traded only (better: disciplined ;)) 4 positions, starting with a pair short as the M1 RSI left the 70 line downwards.
The market didn'r react in the educated ;) way immediately, so I waited for the same signal on GER30 and added a third trade for US100 and one for GER30.
That worked.
I just had to cut my tp to 14632 to get the fill - the lowest price for buyers shown in MT4 was 14631.80.
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Click to expand...
so are you fully funded now?
 
IceThor said:
so are you fully funded now?
Click to expand...
No, unfortunately not, I'm still training with the free trials.
If I would have been funded I would have lost it again when I broke the daily loss limit some days ago.

I think now - surviving the last days without breaking the rules - I'm ready for the challenge.
I'll decide that on the weekend.
 
Last edited:
Last day of this trial.
Only lunch trades, I traded two sets as the first closed on tp and trailing stop and the result was less than 400 EUR.
Tomorrow I want to start a new round.
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IlIlIlIlI said:
No, unfortunately not, I'm still training with the free trials.
If I would have been funded I would have lost it again when I broke the daily loss limit some days ago.

I think now - surviving the last days without breaking the rules - I'm ready for the challenge.
I'll decide that on the weekend.
Click to expand...
I will follow your updates with interest
 
Started the new round in the wrong direction and hoped too long to get a fill for my tp.
Didn't hold the 4 lots the whole time and had to close nearly 3k losses to avoid violating the daily loss limit - close to the worst point.
The market fooled me after that so when the positions were closed it went back near to the entries.
So I changed direction but could trade only 1 lot without risking to violate the rules.
I added a second one when the first one got its break even stop but that was closed soon after it also got a break even stop.
In a later trading session I exceeded the daily loss by some 100 EUR but got the fills with profit, manual and tp.
So from now on the daily average is 500 EUR - 25% more than the usual 400 EUR - but that should be possible without changing the strategy.
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I think I'm done for today with trading.
I didn't want to trade the US opening today as I expected too high volatility.
Before my trades were closed it was exciting whether the tp would be reached or not, but it worked.
My new average daily profit target is reached today.
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I had three small trading session with a max. of 2,3 and 4 lots simultaneously open.
Didn't like to open the third session, but I did to reach my daily profit target.
So I closed these trades when I could be sure to get some profit as the market was jumping several pips during the typical closing delay I saw today.
The last session was very exciting for me, much more than the complete last round.
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I think I'm done for today - it's Friday and I got my target.
Back to profit again.
Opened a trade set of 4 trades during lunch time, but it didn'r behave the way expected and I closed the trades earlier - the pt was reached later.

Current volatility is bad for trading with sl.
When the market started moving on the oopening of some trade books in the US an hour before the market opens, I added two fun trades in these moves to reach my daily pt, opened to be closed manually via smartphone - the first one was closed after 25 seconds and the second one after less than two minutes.
Do you know a broker or liquidity provider who likes that? ;) Thank God that it does not violate the FTMO rules.
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This was a bad day, too much went wrong.
No more comments necessary.
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Switching to survival mode to end with profit without violating the rules to get a free retry.
 
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