Ftmo academy reddit strategy Start with a demo account to practice your strategy and fine-tune it before risking real money. Our FTMO Challenge is the first step of our Evaluation Process. Welcome to FXGears. We express our warm welcome to our new FTMO traders. 3. 1 to 0. Market environments – range vs trend Recognizing these early on and adjusting our trading strategy to them is one of the most important things to do. Searching for it online is a waste of time. One week ago I increased the lot size from 0. even if it's just a simulation. Trading breakouts and fakeouts Breakout trading is a popular trading strategy followed by many traders and trading algorithms. How do you deal with such a situation? Even the best […]. In the ever-evolving realm of finance and investing, the rise of the internet has sparked a wave of modern trading concepts and strategies. Utilize the Golf Clash Discord for questions and chatter. The chart below shows the FTMO 10K Challenge balance line of FTMO V4. 331K subscribers in the Forex community. There are two ways you can spot a breakout, the first one is by using price action, and the second is by using technical […] Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. In the first category of the Academy, within the section on the Basics, you will find four chapters. I used FTMO in the past and they are legit, I was able to withdraw and everything but I had to change my strategy and it doesn't work with FTMO's parameters. 4^x) where x is number of trial, 5 trial yields 98. Support and resistance So what is support and resistance trading? If you ever saw support or resistance drawn on the chart, most traders use straight or diagonal lines to do […] Welcome to FXGears. ” Welcome to FXGears. It bridges the gap between theoretical expectations, backed by data, and practical application in a live market environment. A trading plan. Using technical indicators in trading is a never-ending discussion among traders. The main reason is rules and laws. In this lesson, we’ll look at […] Nov 26, 2024 · Developing a strategy to build consistent results over time; Improving your trading strategy and FTMO Challenge EA with every trade; This course is designed to give you practical tools to pass the FTMO Challenge and Verification quickly, with confidence and precision. Input Your Strategy: Enter your strategy’s rules into the backtesting software. 33 lots to represent an account risk of 1%. Weekly open trading strategy A lot of traders spend their weekends doing market analysis, and they often come up with different ideas and price predictions for an upcoming trading week. Analyse Results: The software will generate a report showing the performance metrics of your strategy, including total profit/loss, win rate, drawdowns I think the only two I would dare touch would be FTMO and 5%ers. Equity Simulator: This tool allows traders to simulate potential equity curve outcomes, offering a better understanding of drawdowns and the randomness in trading strategies. Trading ranges and trends require almost diametrically different approaches. FTMO only lets you trade CFDs, which is illegal in the U. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. If you are bullish or bearish on any given instrument, price rarely goes up or down in a straight line. As long as your trading is legitimate (in line with proper risk management), conforms to the real market conditions, and does not resemble forbidden practices, we have no reasons for limiting or restricting your trading strategy, whether it’s discretionary trading, algorithmic trading, EAs It is often said that being well prepared for the trading day is a battle half won. In the next part of the series on successful FTMO Traders, we will look at a trader who diversified his trades between gold and US indices and discovered quite early that overtrading would not help him to make long-term profits. 3 robots from mid December to the end of December 2023. […] Welcome to FXGears. Only reason I kept going through all the failures is because I remembered that first payout feeling. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the future, we can use your simulated trades performed via the FTMO Account when trading on our own account on real financial markets. Jan 27, 2024 · FTMO Academy consistently updates its content, trying to ensure traders are equipped with the latest trends, tools, and strategies. Understanding the context and […] Guide to forex backtesting – gain confidence in trading strategy. However, there is no strategy that will make the same profit for all traders, as something different may suit everyone. If we want to join this elite club of traders, we must know what to expect from our trading strategy. 242 votes, 229 comments. But is this concept, born in the digital age, really worth the attention of investors and traders? This […] Welcome to FXGears. Thanks for reading this FTMO review. In this article, we will cover everything you need to […] Welcome to FXGears. 976% passing rate. In our article today, we will look at the use of Fibonacci strategies for scaling in, as well as possible ways and when to effectively close a position in profit. We offer the education, training, and support needed to develop the skills and knowledge necessary to become a serious FTMO Trader who can trade up to $200,000 with an FTMO Account. The rule of thumb I go with is that most strategies are barely above break-even. Some would say they are useless, some can’t imagine trading without them. Practice and refine your strategy. We picked the top 11 technical indicators, which in our opinion […] Savings are hard to come by because FTMO doesn't give them out very often. g. A comprehensive topic on methods of trading strategy development is covered in later lessons of FTMO Academy. As the famous author and trader Mark Douglas once said: “Great traders are not born, they are made. We cannot jump to an empty chart, start trading right away and think we can profit. Basic elements The foundation of any trading strategy begins with the generation of an idea, which could come from market analysis, news events, or a broader economic perspective. If you believe your strategy proven to be VERY consistent, then my simulation might catch up to reality. There can be more than one trading strategy in your plan. So profitable 2:1 strategies tend to have slightly over 33% win rate etc. FTMO is searching for serious traders around the world, and this Academy allows us to unlock the potential of hundreds of thousands of future traders around the world. -Share FUNNY Trading In the last section, dedicated to our FTMO Evaluation Process, we explain the basic rules you need to follow to pass an FTMO Challenge and a Verification. We need to have a plan. Newcomers to Forex often fail quickly because instead of testing their own strategy and finding what is best for them, they try strategies from more successful traders with the vision of easy and quick profits. The chart shows a loss of 0. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. , chart patterns, volume analysis), or a combination of both. The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. , trading my strategy, consistently. In this lesson, we will look at one of the most popular trading strategies that are part of many trading systems used by traders worldwide. Nov 18, 2023 · UPDATE ON MY FTMO STRATEGY V4. In the next part of our series on successful traders, we will look at two traders who have achieved exciting returns by trusting their strategy. Overtrading is a problem for many traders who feel that the more trades they execute, […] Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse… 80% win rate on 4:1, must be some kind of godly strategy. Here are a few other examples of scalping strategies Welcome to FXGears. The subreddit has not kicked you out or gone private. So a 4:1 strategy would probably have slightly over 20% win rate and be profitable. Understanding the technical indicators is something every trader should master, regardless if he or she decides to use them or not. com, a trading forum run by professional traders. In this lesson, we will cover how you can trade breakouts and fakeouts. A trading strategy is allowed, provided it doesn’t interfere with legitimate trading or exploit practices that are intended to cause us any harm or misuse the Evaluation Process and/or FTMO Account in any way and breach the forbidden trading practices. If you have confidence in your strategy and can weather periods of significant losses, you have practically won in Forex trading. This cannot be far from the truth. Keep track of your trades and analyse your results to identify areas for improvement. Trading using Fibonacci sequences and retracements is a popular technique that helps traders identify key price levels to enter and exit positions. Run the Backtest: The software will simulate trades based on your strategy over the selected historical period. It can be caused by unsuitable conditions in the markets or poor mental attitude of the trader. Among these innovative approaches, Smart Money Concepts (SMC) has emerged as a compelling force. By carefully executing forward testing, traders can validate their strategies […] It goes without saying that risk management is the most important part of trading. So now I have my eyes on the high stakes program with 5%ers Forward testing, also known as paper trading or walk-forward testing, is a crucial step in validating a trading strategy under real market conditions without risking actual money. But before we go […] A series of losing trades in Forex trading is not uncommon. The top performer remains EURUSD. One thing connects all professional traders – they have 100% trust in their trading strategy. Which instruments can I trade and what strategies am I allowed to use? Your trading style is up to you. Expert Instructors: Learners benefit from insights provided by seasoned professionals with firsthand trading experience, trying to ensure both theoretical knowledge and practical insights are imparted. We have already […] Hello traders, in this lesson, we will have a look at different types of trading environments. S. Financial markets. - To be with other like-minded forex traders. Our first trader in today’s selection is a typical […] Let me help you develop the tools, insights, and psychological strategies that you need to ensure you are well-positioned for moving forward towards your goals. The Complete FTMO Challenge. It felt SO good, I got greedy and blew my account, and just NOW - 1 1/2 years later, I have a 50k FTMO account, using proper risk mgt. , economic reports, earnings), technical indicators (e. Step 1 – FTMO Challenge. Has it been challenging for you to pass the FTMO Challenge? Whether you have already failed or are about to take your first challenge, you’ve come to the right place! Welcome to the FTMO Challenge Course! This course will dramatically increase your chances of passing the FTMO Challenge on your first attempt. The key components of the described strategy are Ichimoku Kinko Hyo (Ichimoku Cloud), Relative […] Welcome to FXGears. The strategy focuses on the effective identification of the main trend, corrections and the precise timing of entries and exits. Ideas can be driven by fundamental factors (e. Trader Nabeel putting the emphasis on proper journaling […] FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. With low passing rate ~60% for 1st stage, you can definitely try few more time, using normal distribution, you should pass FTMO with rate of (1-0. Take a look into how they managed to score the FTMO Challenge and what methods they used to pass our Evaluation process. Like any trading strategy, scalping requires practice and refinement. This feedback is very valuable to new traders or those seeking some trading motivation. All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. 😕 Customers from the US are no longer welcome. Although most traders think they are losing money in trading because of flaws in their trading strategy, the truth is that in most cases they are not using proper risk management. We are introducing a sophisticated trading strategy that combines technical analysis with the use of several advanced indicators and multi-timeframe analysis. Your Trading Strategy. For now, note that the methodology of analysis and trade execution is just one part of the entire trading plan. However, in rare cases, it can happen that an incorrectly chosen strategy is behind the losses. 33% over this period. 5 days ago · FTMO Academy: An educational platform offering lessons on strategy development, trading psychology, technical analysis, and forward testing to improve trader performance. brnnm lqn mnmvb xmh uvzyom puvqd tojl kkow cljryp ugxc