₦airaland Forum

Elliotwaveforec:
If you want to turn nothing to something, abeg study Gold very well.

I had a drawdown of 85% on my cent account with a balance of $1; I traded Gold on Friday and the balance now $5.

Gold is bae

smilinguy:
More trades doesn't always mean more wins.

This person won Lark Funding May Competition with just two trades.

His/her patience level is insane!!!!!!!!!!!

Wow! This is insane. kudos to the guy.

Galleryeasy:
A wave of Nostalgia..
Just feel like to share this beautiful moment with some of us that are still struggling in this game! Rodrigo my friend from CTI(City Trader Imperium) wants to have a quick interview with me as one of their portfolio managers as today mark one year of working with them filled with tremendous growth.

Now, here is the real deal.. January last yr I was dead broke but I knew for sure that I have a Skill set that can make me a millionaire in few months. I didn't bother anyone to lend me money , even though I have an elder bro who can catch a grenade for anyday anytime.

I started surfing internet about prop firms , and I found out that CTI was holding a trading competition. I participated in their first competition and won $50k live funded account and also won $10k live funded account after the first one. Around March or April I won $100k challenge account with TFT and lost after getting funded.

Remember I started this game with $0, by Gods grace before the end of December last year I was already managing account worth more than $300k.. I can't forget what my elder bro who is a radiographer in UK told me, bro you made more than my annual take home, without paying house rent of $900 per month, no 25% tax and Bills within 6 months. We laughed it.

Listen guys , don't allow to anyone to tell you otherwise, that u need 100% winning rate to mk it in FX, or u need mk 20% in a month to be comfortable, that's BS. The only thing i urge us to do is to backtest. I have a trading journal that I saved all my trading setups that happened on chart from 2015 to 2023 ,both entry models and trade management..

Did you know that I wired my brain in such a way that I only target 10% for 3 months? If I'm consistent that is 40% annual return. This days I see some sisters in the church saying that he is investment banker and some are saying he is into G .. let me stop here, pls don't pay anyone for any goddam trading system ,if is that true , the person would have been the richest man in his village, don't buy the idea of 100% winning rate cuz it only exit in illusions. Take advantage of prop firms competitions to practice all your strategies u gat nothing to loose and all above seek supernatural power, I love Jesus with all my life ,I don't know about you. We go dey Ok las las .

Mk I still dey watch GU, still much interested in selling,if I see confirmation setup.

Thanks for the word of encouragement

OfficialP:
Now buying GU 2330
TP 2390
SL 2310

Wait for London open before making any decision. Don't be trapped by the MM

Emmizay12:
buy low, sell high is the biggest lie in the forex industry

I don't think so.

VeeVeeMyLuv:
Is not advisable, better to trade on laptop.

Trading on phone is full of agony

I don't believe so. It depends the strategy u are using.

DigitalyYours:
None of the clone and parallel apps are working. It will clone perfectly but won't be able to login

Mine is working perfectly.

DigitalyYours:
Abeg anybody using multiple MetaTrader in phone?

Yep. You can use parallel space to clone the app on your phone.

iichidodo:
[color=#1986BC] It's official...Seatazain is back from the dead..He dug himself into a massive hole in the afternoon and boom! Resurrection. I told y'all,we had faith in him.But talk about brain farts, just when we thought achemz had it bad then he goes "hold my beer" and dug himself a deep borehole from second position before building his Crocodile nest there. sampz and phemite keep inching along , switching positions like a DRS train in Formula 1 at Monza.. Pipmarshall seems to be eroding his gains ever so slightly. Come Monday, he gon have a dozen laser telescopes from a dozen guns aimed at his back .[/color]

I'm loving this commentary.

infofirst:
It is important to refrain from making any judgments until you have heard from him directly. He mentioned that he is in the process of relocating his family, so their well-being takes precedence. Even if he decides not to continue with the competition, that is perfectly fine. There will always be another opportunity in the future. Let's prioritize humanity above all else.

As I write this, I am currently unable to stand or walk without feeling like I might collapse. This condition is expected to persist for several days as per my doctor's instructions to rest and stay indoors. Consequently, it is highly likely that I will have to cancel or reschedule most of my appointments for this week. There are often underlying factors or circumstances that are not apparent in online comments.



Na beg I dey beg you boss @humbletrader. Take it easy. None of us will b here forever

Get well soon. Wish you speedy recovery

samfelly:
No bi small task o. What I think we will be doing next time is MAKE ALL PARTICIPANTS SEND IN THIER METRIX LINK TO ORGANIZER THE MINUTES THEY JOIN COMPETITION.

I'm out. I violated the daily drawdown rule.

Copied:
MUST READ guys.
Want to be in the top 1% of traders?Look at these statistics by MFF:
60% of people who buy challenges don't use stop losses. Use a SL and you're already top 40%.
10% of traders who purchase a challenge pass the Phase 1 of the challenge. If you passed Phase I, you're already top 10%.
24% of traders who passed Phase I pass Phase II. If you passed both phases, you're already top 2.4%.
3% of traders who passed both phases got their first payout. If you've had your first payout, you're already top 0.072% of the traders who purchased a challenge.
The traders who reach their 4th payout have a maximum daily drawdown rule of 3%. I still think that's a lot. I would do no more than 1% of a live account a day.
The profitable traders are in the market less than 4 hours a day. I try to do no more than two 3 hour windows. But preferably I just trade one of those windows.
The most profitable traders don't hold trades overnight. I see no real problem with this besides swap fees. If your strategy allows it, go for it
A trader who holds trades over the weekend has a high chance of failing or losing the account. Monday open tends to be really volatile, but again, if you've backtested your strategy go for it.
When the markets are volatile more traders fail due to lack of discipline & risk management. Set a maximum daily drawdown, don't trade messy PA, and stay out of high impact news events.
Traders who are on their 8th payout never risk more than 2% on a trading day and stop trading once they've reached 4-8%. These traders make sure they get paid. There's no need of pushing upwards of 10%+ each month. Scale the accounts up instead of trying for crazy returns.

Donsheddy:
For those that's confused with mff and ftmo d.d rules....


In mff your d.d increases as you go in profit and decreases in loss.....


Example if you start today with 10k balance.
Your d.d will be 5% of 10k which is 500$.

Let's assume you made a profit of 200$ and you start the next day with 10200$.

Your d.d will be 5% of 10200 with is 510....

Same applies if you lose.
Let's assume you loss 200$ and start the day with 9800$ your d.d will be 5% of 9800 which is 490$......


Now d.d Is calculated based on equity or balance which ever one is higher.....


Let's assume at the end of the day you have a running trade which is still in profit 200$. Since you've not closed the trade your balance is 10k dollars....

It is assumed you closed the day with 10200 even tho it's running trade so your d.d will be 510$....

That means if your trade goes back to entry the next day. That means you've lost 2% from your d.d and you're left with 3% of the 10k balance......


Same applies which in loss...

Let's assume your balance is 10k and you end the day with running trades thats in loss of -200%,.

Your d.d for the next day will calculated based on the the balance since it's the higher than equity....

That means you have only have 3% loss for the next day since you're already in 2% loss.....


I think this model is to help curtail over trading.......



But ftmo is fixed at 5% of the 10k given....

If you close the day with 2% profit 10200 the next day your d.d will be only 500% ....

That means you can Loss your 200% profit and extra 300$...

Same applies if you lost your d.d will still be 500 dollars.....


If your trades is running trade....
At the end of the day... Your d.d is calculated from your closing balance not your running trade.....

I don tire to type

Thanks for this explanation. God bless you

samfelly:
I go soon request for that guy MetriX now . Make e no bi say he don hit drawdown then him come dey threaten us here with huge profits that is now making us fear to take trades sef

samfelly:
Update, Phase 2 delivered, today. The target small. Today or next tomorrow, by God's amazing grace, I ought to conquer it, as well.

Wow!!! Congrats. Wish you more wins.

Proudpolygamist:
Ahbeg, make una nor too shout am. If una too shout am, Dem go too dey cautious.
Them gast forget so that them fit hit the DD

samfelly:
As long as them no hit drawdown, they are perfectly fine . Person like Realone12 really wan eat his heart out . Omo, that guy wowed me

The guy is doing wonders. But I fear many will hit the daily drawdown.

samfelly:
It's truly eat your heart out o. No Organizer's rule or anything. Only play safe with FTMO'S rules and their drawdown. Remember, you have to pass the ftmo account to be counted a worthy trader and grab the prize from the sponsor. Nameste, brother

With the way some people are already trading only few will pass the ftmo account.

BrightFuture48:
Alhamdulillah! we are pushing it. take a look down the present status.

Impressive

friendbee:
I tire oooooo for this guy o

The guy na your partner in crime.

Donsheddy:
Abeg realone12 wetin dey occur na......
Slow down small

Realone12 no get joy. He doesn't like playing on ground level.

May this year come with joy, happiness, laughter, favour and blessings in Jesus name amen. Happy new year

BrightFuture48:
My guy vex Comot enter 1 standard lot to make things happen sharp sharp. No dulling at all lol

I Didn't even know that I wasn't disqualified. I just trying out something since I've already violated the 5% DD rule.

Jameselias:
Ha! darkpal1 take it easy na

Already out of the contest o! I should have been disqualified by now.

nountma1:
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Pls I need help with Gst302 business plan. Anticipating your response sir. Thanks

infofirst:
@charly20 @darkpal1 @jammer777 @samfelly @ Mystiquefia @kaesyrn@riverrun @Dennison4luv @gramps @natanata77 @gasive @onelove23@prospero @zonal @yetown @smith530 @everyother contestants
As we are about to start the contest this period, kindly do not forget to read the rules again and please lets be mature and strive to trade responsibly. Been active on this thread is a requirement as well.
And going in to the new week, what are the two pairs you intend to trade? What will be your risk and rewards per trade? What do you look out for when taking entries and exits? What have you learnt in this fx journey? What's your risk mgt like? How about your trading psychology?

My pairs are gold and us30. And my R:R is 1:1. Thanks for this opportunity

Adenugbaraphael:
Can one of our bosses please give us the Nigeria time for these trading sessions...

Asian session

London session

New York session

Thanks bosses

Here you go

ebenezary:
I just registered for FTMO $50,000.00 account this afternoon. please wish me well

and l will be posting my update here

Good luck!

GabsonFX:
The $US50K Prop Firm Challenge/Funding.
Sept/Oct = Challenge
Oct/Nov = Funding
Nov/Dec = Jolly

In order to join the challenge - I need to send you an invitation, pls post your email here OR dm me ONLY via NL message

dakphil@yahoo.com

Gasive:
I'm interested Boss...
And i believe many of us here will be interested too.
So I will suggest that you open a contest, with same rule as the main trading account and interested persons can participate.
You can then deal with those that reached the target.

How do you see it?

Good suggestion