The Prop Trader Challenge

[jungles]

EURJPY
sell 7.30
SL 7.44
TP 7.16
RR 2%

.

 

[jungles]

EURJPY
sell 6.55
SL 6.73
TP 6.36
RR 2%

.

 

[jungles]

EURJPY
sell 6.85
SL 6.99
TP 6.71
RR 2%

.

 

[jungles]

After 5 weeks, staring at a screen 10hrs each day, and losing -6%, any edge I thought my renko strategy had, is looking suspect.

Perhaps, over a 6 month period, I may be able to extract some profit. But I imagine the equity curve will be a roller-coaster and therefore stressful on significant lot size.

Considering the current loss, the labour-intensive nature of the strategy, plus future sustainability even if an edge can be extracted, I will shelve this strategy for the time being.

Rest assured, The Prop Trader Challenge continues………here.

.

 

[prometeo1984]

good luck

 

[D.Gilberto]

You only need 6% return compounded (i.e. dont make any withdrawals) and you'll achieve around a 100% return on your intial trading account over a 12 month period...

 

[jungles]

D.G, you live!

yes i know, but it's for income, withdrawals required

You only need 6% return compounded (i.e. dont make any withdrawals) and you'll achieve around a 100% return on your intial trading account over a 12 month period...

 

[D.Gilberto]

Did you manage to get off the mark then? Wondering where this is at, as I am applying for prop firms too...

 

[jungles]

D.G, i wont be applying until Aug/Sept this year. But yes, I am on track.

Good luck with your applications.

 

[Mr Fox]

May I just ask what RR, and TP stand for.

 

[SlowlyButSurely]

RR - Risk to Reward
TP - Take Profit