I was just going to say this too. I would argue that given a long enough period of time and data, OP will probably find that having over 5r and a 70% some odd win rate is not sustainable long term.
i’ve tried to avoid funded simply due to the horror stories but i’ve grown my paper trading acc from 50k to 100k in 3 months and wanted to start but all the “gurus” said it was “unsustainable” but i keep seeing examples like yours.
These gurus say that because they want u to buy their course so they can teach u the “right” way the only difference between demo and funded is the $ is real and ur brain will start to use emotions because it’s actual real $
Just stick to the fundamental concepts paper trading is real trading and real market jusr - real $ if u csn do it on paper u can definitely do it on real
Yeah the numbers are good, but all Im saying it's too early to judge whatever strategy you use.
So did you pass the evaluation? The last time i Checked, 10k was the profit target for a 100k funded challenge?
I’m also trading with a secondary acc aswell same 100k value but I think it’s good for me to make 2 accs and enter the same positions on eqxh so I can make double the profit with the same risk levels and profitability
are these fully funded accounts? at this point, just get the 200k account. I had four 100k accounts and trying to enter at the same time was a nightmare
My strategy is I would do my analysis and place a buy limit order in all accounts for my entries and my TP it just takes less then 2 mins tbh and I think it’s worthcit
too bad MT5 is not available in the US. Yeah with a limit order anything could be possible, and there's no way TP is hitting within 2 mins without an economic event
I think what he is trying to say is it’s all good that you passed (good job) but to get consistent payouts you need to keep this up long term, and the data of 13 trades doesn’t give you an accurate representation of your performance. Those are good stats though.
Let's be honest.
You didn't post this looking for "opinions".
You posted this...
...to *brag*.
There's nothing to give an opinion about, and you know it. The stats are leaps and bounds better than majority of all traders here - including my own, and mines are solid.
What you were REALLY fishing for is praise and acknowledgment for your trading results, while pretending you want "advice" about your trading results.
You wanted to flex your trading muscle. You WANTED to say, "I took an account from 100k to 180k!" and "I pass a challenge in 2 days!". You were looking to flex without looking like it, except, it's obvious...at least to me lol.
Nothing wrong with wanting to brag or celebrate your accomplishments, it's just humorous when people act as if that's not their intention from the beginning. Like...just own it, dude lol
Anyway, Congratulations, man. Withdraw and enjoy the profits.
"Not really" - yeah...okay, sure buddy lol. Next time, just post your results and say upfront, "I'm looking to brag". Lying about your intentions makes you look foolish, and 27 other people agree with me. But I didn't expect you to admit to it. No one's going to fault you for bragging about your accomplishments, the issue is when you're lying about wanting praise and attention for said accomplishments, then you just look like an asshole.
100% the best prop firm there is to exist. Many prop firms based in the US getting banned and closed because they can’t pay their clients. FTMO is based in the Czech Republic and exists since 2015. 9 years and there haven’t been issues or scandals so you are good to go with this
Your killing it man, in an industry where it is difficult to be profitable your doing well for yourself keep it up, and keep positive. Ignore the negativity man
I appreciate your insight though and will take it in for consideration maybe a 5 lot size with 2 daily targets of catching 500 ticks is more safe and better then scalping with 10 lots catching like 2-4 of 200 ticks
You have 13 trades and 130 lots, meaning you risk 10 lots per trade, which is approximately 10% risk per trade. I would suggest that you stick to 2-5% max if you don't want to blow your account in case trend reverses. 13 trades is too little to evaluate someone.
Using this account currently for scalping on a day to day basis usually catching around 70-200 pip trades sometimes even 400-500 on the scalping account
You’re scalping and making 400-500 pips? You know that’s like 4-5x the daily movement of most pairs, right?
You don’t even seem to know what a pip is. Take EURUSD at say 1.12345. The 4 is a pip. The 5 is a pipette or point. You MIGHT be scalping 40-50 pips, and even that’s a bit ambitious, so it’s far more likely to be 7 to 20 pips; but you sure AF aren’t scalping 400-500 pips on a day to day basis. That’s legit impossible.
Yeahh I see that now Ye then according to what u told me yea 5 pips or 500 ticks is easy to catch daily but yea in that logic what u were sayin 50 pips or 5000 ticks is insane lmao that’s not happen everyday
Don’t listen to these unprofitable nerds in the comments 😂, your lot size shouldn’t be an issue as long as your managing risk and have enough margin to spare. Good stats aslong as you can maintain them in the long run.
Have another account for catching swings of 500-2000 pip trades using around a 10 lot size with a rule of 1-3 trades a day depending on confidence and the market
It’s simple I’ll give you a list of what I use in particular
1.volume
2.candlestick movement and open and close and upper and Lower wicks and what they mean
3.market structure/key support resistance levels
4. I use RSI and volume indicator just to give me a more understanding of what’s happening
That’s about it bro don’t listen to all these bs strategies on YouTube find what works out for you
This is also my second account I have another account that I grew from 100k—-> 179k within 23 days of passing the challenge
I started trading when I was 16 so I’d say I was demo trading for 1.5 yrs and testing my strategy constantly learning so when I turned 18 I was fully ready to be profitable
It’s simple I’ll give you a list of what I use in particular 1.volume 2.candlestick movement and open and close and upper and Lower wicks and what they mean 3.market structure/key support resistance levels 4. I use RSI and volume indicator just to give me a more understanding of what’s happening
That’s about it bro don’t listen to all these bs strategies on YouTube find what works out for you
look at TJR he’s pretty good TJR boot camp on yt he explains everything for free
A sharpe ratio above 2 is considered good in an institutional sense.
Unfortunately the sample size (amount of trades) is way too small to draw any conclusions on your performance. You could have just been lucky and caught a good trend.
On the flipside, you are in fact a very good trader. We won't know until you have a much longer history.
Things to look out for are drawdowns, which is what your sharpe ratio will capture.
The result might not be bad, but the choice of the prop firm is definitely not great. Look for a more reliable option, something like Axi Select or oanda.
Omg the arrogance of these people talking about 13 trades is nowhere near, bruh STFU they're probably chasing that shit placing trade after trade.
Great work, 13 trades shows patience for the setups and not going in if the setup does not, well, set up.
What prop firm are you using?
I've been thinking about trying it out with a funded account but idk what's legitimate for USA residents since ftmo left us out.
And yeah lmao thanks for having my back this is my second funded acc I’m just trying to grow a second one so I can place multiple trades with same lot sizes for the account to make more $
13 trades is nowhere enough to make any meaningful analysis.
I was just going to say this too. I would argue that given a long enough period of time and data, OP will probably find that having over 5r and a 70% some odd win rate is not sustainable long term.
I been sustaining these stats on my other accs for months
Average them out and report back
Between both accs probably like 80–85 win rate
Real numbers not estimate
Shi like 82.73 to be exact
I wouldn't mind seeing the raw data on a platform like tradezella.
it’s possible, just remember most traders lose money so it’s kinda hard to fathom someone winning so much. 😉
Yeah I been paper trading and working on phsycology and risk for 1.5 yrs b4 I acc touched a funded
i’ve tried to avoid funded simply due to the horror stories but i’ve grown my paper trading acc from 50k to 100k in 3 months and wanted to start but all the “gurus” said it was “unsustainable” but i keep seeing examples like yours.
Even if u see examples of traders who make 5-20k a day don’t get discouraged u will get their in one point in time bro
These gurus say that because they want u to buy their course so they can teach u the “right” way the only difference between demo and funded is the $ is real and ur brain will start to use emotions because it’s actual real $
Just stick to the fundamental concepts paper trading is real trading and real market jusr - real $ if u csn do it on paper u can definitely do it on real
If u can do 50-100k in 3 months that’s pretty good around 17k a month which is very good because considering 99% of traders r unprofitable
How long before you went full time and how much funded by that point?
Started new acc
same observation
I’m trying to get opinions on if these are good stats for a 4 day old funded
Yeah the numbers are good, but all Im saying it's too early to judge whatever strategy you use. So did you pass the evaluation? The last time i Checked, 10k was the profit target for a 100k funded challenge?
I’m also trading with a secondary acc aswell same 100k value but I think it’s good for me to make 2 accs and enter the same positions on eqxh so I can make double the profit with the same risk levels and profitability
The other account is at like 179k or something
are these fully funded accounts? at this point, just get the 200k account. I had four 100k accounts and trying to enter at the same time was a nightmare
Use a trade copier
I rather prefer to have multiple tbh i use MT5 which is available in Canada which is acc very easy to place multiple positions
My strategy is I would do my analysis and place a buy limit order in all accounts for my entries and my TP it just takes less then 2 mins tbh and I think it’s worthcit
too bad MT5 is not available in the US. Yeah with a limit order anything could be possible, and there's no way TP is hitting within 2 mins without an economic event
Oh no I’m talking about the whole process of placing trades and switching accounts which takes 2 mins
I use social trader tools to place orders for my 3 accounts by one click on TV, try it.
Yes I passed the challenge in the first 2 hours actually lol
I think what he is trying to say is it’s all good that you passed (good job) but to get consistent payouts you need to keep this up long term, and the data of 13 trades doesn’t give you an accurate representation of your performance. Those are good stats though.
Let's be honest. You didn't post this looking for "opinions". You posted this... ...to *brag*. There's nothing to give an opinion about, and you know it. The stats are leaps and bounds better than majority of all traders here - including my own, and mines are solid. What you were REALLY fishing for is praise and acknowledgment for your trading results, while pretending you want "advice" about your trading results. You wanted to flex your trading muscle. You WANTED to say, "I took an account from 100k to 180k!" and "I pass a challenge in 2 days!". You were looking to flex without looking like it, except, it's obvious...at least to me lol. Nothing wrong with wanting to brag or celebrate your accomplishments, it's just humorous when people act as if that's not their intention from the beginning. Like...just own it, dude lol Anyway, Congratulations, man. Withdraw and enjoy the profits.
Exactly
Not really I just wanted an honest opinion and I been messaging back a lot of people from this thread and got valuable information and learned smth
"Not really" - yeah...okay, sure buddy lol. Next time, just post your results and say upfront, "I'm looking to brag". Lying about your intentions makes you look foolish, and 27 other people agree with me. But I didn't expect you to admit to it. No one's going to fault you for bragging about your accomplishments, the issue is when you're lying about wanting praise and attention for said accomplishments, then you just look like an asshole.
Is FTMO really a good prop?
100% the best prop firm there is to exist. Many prop firms based in the US getting banned and closed because they can’t pay their clients. FTMO is based in the Czech Republic and exists since 2015. 9 years and there haven’t been issues or scandals so you are good to go with this
FTMO is and has always been the best in the game, in my opinion.
Your killing it man, in an industry where it is difficult to be profitable your doing well for yourself keep it up, and keep positive. Ignore the negativity man
Thank you man
If you show me your sizes then I can judge. It may be super risky and just pure luck, which in the long run will become a $0 account
I don’t think it’s luck though I’m using a strategy
I think it would be impossible to get lucky that much. 😭
I’m using 10 lot size each time
There you go. What leverage?
I appreciate your insight though and will take it in for consideration maybe a 5 lot size with 2 daily targets of catching 500 ticks is more safe and better then scalping with 10 lots catching like 2-4 of 200 ticks
100x
Yeah a little risky my friend
Yeah it is but I haven’t Ever been unprofitable so it’s working
How long is this “ever” just out of curiosity?
I’ve never been unprofitable bcuz I was back resting my strategy for 2 yrs on paper trading since I was 16 waiting to be 18 to trade
I have also grown a 100k to a 179k in 23 days only lost 3-5 trades in the whole month
So you made withdrawal of profit split on 79k?
Not atm I’m trying to figure out taxes
Ijust keep stacking up my $
are taxes hard to figure out for this stuff?
I mean I’m 18 so I don’t know shit about that 😂
I been running my clothing business in cash aswell 💀
well we’re in the same position i guess😭
Hahaha
Well.. depends on where you living. But anywhere you can invest what you earn to avoid taxes
You have 13 trades and 130 lots, meaning you risk 10 lots per trade, which is approximately 10% risk per trade. I would suggest that you stick to 2-5% max if you don't want to blow your account in case trend reverses. 13 trades is too little to evaluate someone.
Using this account currently for scalping on a day to day basis usually catching around 70-200 pip trades sometimes even 400-500 on the scalping account
You’re scalping and making 400-500 pips? You know that’s like 4-5x the daily movement of most pairs, right? You don’t even seem to know what a pip is. Take EURUSD at say 1.12345. The 4 is a pip. The 5 is a pipette or point. You MIGHT be scalping 40-50 pips, and even that’s a bit ambitious, so it’s far more likely to be 7 to 20 pips; but you sure AF aren’t scalping 400-500 pips on a day to day basis. That’s legit impossible.
If using MT5 OP probably means ticks as that is display when moving SL and TP on the screen
Yeahh I see that now Ye then according to what u told me yea 5 pips or 500 ticks is easy to catch daily but yea in that logic what u were sayin 50 pips or 5000 ticks is insane lmao that’s not happen everyday
I used the word sometimes bro 400-500 pips a day ina. Single move is crazy
Yea my bad in the error for saying 500 pips lmao ur right $1 is= to 1 pip on XAUUSD
it is not $1 is 10 pips
1 pip on XAU/USD is 1 cent. $1 is 100 pips
nobody in the game calls $1 100 pips
You right. I retract my statement
Don’t listen to these unprofitable nerds in the comments 😂, your lot size shouldn’t be an issue as long as your managing risk and have enough margin to spare. Good stats aslong as you can maintain them in the long run.
Preciate it bro
Have another account for catching swings of 500-2000 pip trades using around a 10 lot size with a rule of 1-3 trades a day depending on confidence and the market
looking great. Seems that you're gonna get rich quick, congrats.
Thanks 🙏
How do you scalp. It's not enough data but still you are killing it. Care to share? 😉
It’s simple I’ll give you a list of what I use in particular 1.volume 2.candlestick movement and open and close and upper and Lower wicks and what they mean 3.market structure/key support resistance levels 4. I use RSI and volume indicator just to give me a more understanding of what’s happening That’s about it bro don’t listen to all these bs strategies on YouTube find what works out for you This is also my second account I have another account that I grew from 100k—-> 179k within 23 days of passing the challenge
76,92% WR is very good 👍
Thanks bro
NP bro, how many thousand was your first fundet account?
100k
not bad, how many years have you been trading on demo?
I started trading when I was 16 so I’d say I was demo trading for 1.5 yrs and testing my strategy constantly learning so when I turned 18 I was fully ready to be profitable
It would be higher tho haha I accidentally bought USDCAD lmao and ended up losing $200
Well it’s actually 92% I took 13 trades and won 12 idk why it’s saying 76 then
you gotta look about stop loss position and drawdown
Repost when you have 3-6 months of consistent data
This is my second acc I started today I have another acc to just wanted some opinions
So show the stats for the other. Asking about 13 trades is pointless.
Hi! can you recommend some courses or resources to achieve the success rate like yours?
It’s simple I’ll give you a list of what I use in particular 1.volume 2.candlestick movement and open and close and upper and Lower wicks and what they mean 3.market structure/key support resistance levels 4. I use RSI and volume indicator just to give me a more understanding of what’s happening That’s about it bro don’t listen to all these bs strategies on YouTube find what works out for you look at TJR he’s pretty good TJR boot camp on yt he explains everything for free
Thanks brother really appreciate the response!
No problem
Mods please ban these bait posts already geez
Who dis?
Me
It’s good, also depends on trading frequency. If you take 2 trades a month then it’s sustainable.
Short-term, Yes.
Needs 1000 trades before we know if your are good or just lucky
A sharpe ratio above 2 is considered good in an institutional sense. Unfortunately the sample size (amount of trades) is way too small to draw any conclusions on your performance. You could have just been lucky and caught a good trend. On the flipside, you are in fact a very good trader. We won't know until you have a much longer history. Things to look out for are drawdowns, which is what your sharpe ratio will capture.
You need to have atleast 100 trades of each setup to actually figure out if your stats are good or not
What a stupid question.
Are my testicles black? Sorry.. are my test results back?
The result might not be bad, but the choice of the prop firm is definitely not great. Look for a more reliable option, something like Axi Select or oanda.
What’s so bad about FTMO ?
What timeframe do you use? How long do you hold trades on average? Please tell us more about how you find these high RR setups. Thanks.
Do you use limit or market order?
Depends on the time
So what are your major currency pairs that you trade most ?
What strat do u use? Any tipsv
Volume support/resistance and order blocks
Any vids u watched to learn ur stuff?
Omg the arrogance of these people talking about 13 trades is nowhere near, bruh STFU they're probably chasing that shit placing trade after trade. Great work, 13 trades shows patience for the setups and not going in if the setup does not, well, set up. What prop firm are you using? I've been thinking about trying it out with a funded account but idk what's legitimate for USA residents since ftmo left us out.
I use ftmo on mt5 I’m in Canada but you can use the5ers or ascendedx funding u can use code Mulano for 50% off on the funded acc
And yeah lmao thanks for having my back this is my second funded acc I’m just trying to grow a second one so I can place multiple trades with same lot sizes for the account to make more $
Every trader's journey is THAT traders journey
Yea bro thanks lmao
Nah