₦airaland Forum

Slimtuns:
The way gold dey dribble traders this week ehn

hokabs:
Pls Anybody using Exness,
I had being trying to deposit when I used card it told me unavailable at the moment and when using the online transfer (Recommended) it provides an account to pay in within a given period but when I transfer the money using bank transfer code,it does not go
Pls is there any other way to do this.

Use bank transfer and save yourself the stress

MONEY247:
Has anyone bought a 2k maven prop account... someone is. Asking me for help...i don't know how.... but explanation here can be useful

Avoid Maven at all cost if your SL is not as wide as 50pips or even more. They will use slippage and finish you. They once closed my trade at 138usd against 50usd that was SL. Funny enough all the other brokers I entered the exact same trade close at my SL

Donsheddy:
Third withdrawal from 15k account recieved

Nice one bro...

Luada:
Just get ready to send the 20k
Yes you entered before me I entered around 2324, and also existed by 2336 in which gold actually reached, so do the calculation on your calculator, I can't upload pictures here on nairaland.

But one thing is that I don't mislead people, I get into position at critical level and if you would have held that trade a little while you would know am not lieing.

If you want to confirm that I lie about my trades I can add you up on WhatsApp cause I post my trades from when i entered to my exist, see it took me time to perfect trading gold, I only trade gold on red news day only in the morning, so am not misleading anyone here I remember when you told me to post my entries and you saw what I posted and it went well.

You see it took me over half a year to perfect my gold strategy cause it's an exotic instrument, went through months of historical data, so if you want to keep slandering me you can continue.

I am curious as to why you can't upload pictures on here?

LAxYMAN:
1:1RR is gold especially if you have a +80% Winrate strategy.

This is a backtest of the 1:1RR strategy I'm working on.
Omo it just eaze the whole process and the simpler you make the strategy the less emotions is involved.

And with a high Winrate strategy the way your confidence will skyrocket ehn.

Exactly, the 1:1 RR seems to put less pressure on one's emotion. Even with a 70% win rate 1:1 is still profitable.

Cashhy11:
@pipfisher. No one here really treats trading based on daily returns only. But the daily results are what turns the weekly results which later shows on monthly performance.

I currently aim for just 50% win rate now even though I'm around 70%. So I trade without worries now when I know winning just 10 out of 20 trades is gonna put me at a very huge profit at the end of the month. Now imagine winning 15 out of 5 with a 1:2rr.

When I was trading a 1:1 then, I was always cautious of my entries because one loss means I had to win twice which put a little pressure on me trading then. Was just trying to let you see it can be improved on a lil bit. But it's fine if you're good with the current system.

Well, I am testing the 1:1 thing to see If it's gonna give me a Positive result after 1 month. I will switch to it. I want to beat slippages and manipulations that comes with Prop accounts, I can only achieve that by using a reasonable SL. So for my SL which is average of 40pips, 1:1 is way easier to achieve that 1:2

Luada:
I can say 1r is easy to get aiming 1r isn't stable at all at least a 1.5.

If you are a commodity trader like gold and silver you would know on a Red day during London session 2r up is easy to get

For xauusd trades 1:2 is easy truly. EURAUD and GBPAUD are always good at delivering 1:2 based on look at back. That been said, the target is strictly 1:1 for all trades but some come out at 1:1.3 or 1.5

Cashhy11:
I was a staunch 1:1rr trader about two months ago, but after achieving the consistency I craved for, I increased to 1:2rr now at least. And this has made me more profitable than when I was doing 1:1rr.

Look at these trades I took on AU yesterday. The first one stopped me out, when I saw another signal to long, I did and it returned 1:2.2rr. I could have targeted my initial TP for the first failed trade which would have been around 1:5rr but I didn't want to be greedy for two reasons.

Firstly, the Asian session was about closing, because the second signal came late around 5:30am or thereabouts. So hoping for it to do 1:5rr before the session closure is logically impossible when there's no red news.
Secondly, I don't trade AU during the London session.

I would have been at breakeven yesterday if I was still doing 1:1rr, if calculated with the commission on the lot size, that's a little negative over there. I'm even planning on going 1:4rr soon based on results I've been getting on my trades.
Just trying to let you see from another angle boss, since that was how I traded also just few months ago.

I don't treat trading as something that starts and ends in a day.
My aim is being profitable at the end of the week or at least in two weeks. If going break even is what I achieve, definitely I will still make it up. I traded CHFJPY buy and took profit and sold same and took profit because I did 1:1. If I had aimed for 1:2. I would still be hovering around with the trade.

Davigle:
Bossmi, e ma bi nu si mi

ebi like say your gold chart dey very different from us ooo, because I don't understand how gold hit 2360 this week, the highest price gold reach this week was 2339 and that was yesterday Friday before it sold off to 2325. 🤪

Let's assume he actually closed before that price because it's not every time we wait to hit TP Secondly, let's also assume he doesn't know how to count pips.

Cashhy11:
Hope you're talking about Nick Shawn? You need 1:1rr to build consistency, then after you're certain of the results, you can scale up from there.

No, not Nick Shawn. I don't really take anything from forex tubers serious, most of them are fake gurus. I will go back and check the man's name. The man should be in his 60's.
Well on average my entry gives me a little bit above 1:1 if their is opportunity to enter at a better premium price. That been said, if after 2 months of testing and I am still seeing positive result, why should I scale up? The forex market is about consistent profits.

randy01:
I trade so much pair but eurgbp is not among.avoid that pair especially if you are day trader.
That pair is for people who trade minute or swing trade.
That pair always ranging.if your strategy work in ranging market then that pair is for you.

As a day trader you are looking for hbp coz you will see profit now then you will see loss few minutes later.you will not hit either TP or SL.it will just dancing in the middle

Also prone to high slippage too

LincolnOnyeabor:
Opened one GU sell this morning and Price did like 1:1.5 before retracing back to my SL.

Omo, which way man wan come follow for Trading na
Na Cent Account sha

I decided to explore this 1:1, 1:1.2 RR after I lost straight 7 trades that all of them at one point touched 1:1 and in some cases even more. I was aiming for 1:2 but hit SL in all. After looking at those trades in downed on me that if I had actually targeted 1:1 that would have been 7 winners for me. So I went to YouTube to see if there are people trading with such target and saw a video of a professional trader that said he doesn't aim for more than 1:1.2 no matter what and he is very successful.
So I decided to open a demo account and experiment on it. At the end of this week I made 4.4% Trading based on 1:1 , 1:1.3.
Attached is the trades I took for the week. I intend running this experiment for at least 2 months to see if it's going to be consistent.

1:1, 1:1.2 RR could be the holy grail you need for your strategy. Just testing it out and I can say its amazing.

AK284:
Gentleman and ladies
My phone was stolen and b/4 I know it my hard earned money cleared from my two bank accounts but I know the name of the Opay account the funds were transferred.
Pls if anyone here knows a way someone can be tracked Tru opay account,will appreciate that help.
You can reach me Tru @knjide@gmail.com

Like seriously? You didn't put a pin on your SIM?

Elliotwaveforec:
It's like one and two used EA hence their disqualification. Shocking seeing 97% profit in a month.

Someone has made 900% for Fundednext competition that started today.

My worst trading week. Straight losses from Monday to Friday.

Since after last week's slippage on GBPUSD, my trading psychology was messed up. Lost 3.5% of my account instead of 1% risk I took. For this prop firm thing 2.5% is like 25%.

Emmizay12:
as far as I don't have time limit to pass a prop challenge, I can't test the sweetness of freedom and tow the path of pressure..

they may get to retain oldies, but remember, the profitable traders are just 5%

In real forex Market. In prop industry they are less than 2%

pipfisher:
My ultimate Forex goal...

To build a personal $500k account...

No matter how long it takes, that's where I want to get.

The journey has begun.

Proudpolygamist:
lol... it really can be frustrating my man...
It seriously dealt wif me this month ahswearogod😂😂😂

you'll come back stronger brother, just take out some time to heal and analyze your strategy. don't rush into a new challenge pls

MFF is a big no for me. Trading is difficult, adding equity drawdown to it is witchcraft!

dmahn:
Evil work of brokers 2

Price didn't even get to my SL price on Trading view, yet I was stopped out 😅.. These are the things that makes the business difficult. I don't get emotional about losses anymore but if you are a newbie BE PREPARED for all these things... They ll happen times without number

Your broker has wide spread.

Nice one

Adeleke2023:
The swap fee for holding trade overnight with some prop firm can be so high... Dis guy hold a trade for just 27 hours and look at the swap fee... From $130 profit to just $30...

It's their spread not swap. By morning the spread will come down and the profits will increase again. That one entered a trade with a spread of 2pips for instance doesn't mean that when spreads increase on that pair the person is exempted.
You can see the spread on GBPAUD? 42.5 pips! This is actually a criminal way they intend to make traders lose money. There is no normal broker that would have this kind of ridiculous spread on weekends.

Donsheddy:
..

Rules are rules...
Wetin you dey trade wey you go lose 2% in a day....

When prop firm come out na so people shout say 5% d.d too much but now every body don adjust...

Even if d.d na 1% ALL YOU HAVE TO DO IS REDUCE YOUR RISK APPITITE..

WHAT THIS MEANS IS THAT WE WON'T BE SEEING BOGUS FIGURES FOR CONTEST...

NOTHING LIKE LUCK BUT NIGGAS GO WAIT PATIENTLY FOR SETUP BEFORE THEM TRADE...

2% D. D VERY MUCH OKAY...
THE RULES APPLIES TO EVERYONE SO I NO SEE HOW THIS ONE GO BE ISSUES....

WE TRADE TO GET BETTER BIKO

I suggest the DD should be 0.5% then. That way we get bestest

Donsheddy:
..

Rules are rules...
Wetin you dey trade wey you go lose 2% in a day....

When prop firm come out na so people shout say 5% d.d too much but now every body don adjust...

Even if d.d na 1% ALL YOU HAVE TO DO IS REDUCE YOUR RISK APPITITE..

WHAT THIS MEANS IS THAT WE WON'T BE SEEING BOGUS FIGURES FOR CONTEST...

NOTHING LIKE LUCK BUT NIGGAS GO WAIT PATIENTLY FOR SETUP BEFORE THEM TRADE...

2% D. D VERY MUCH OKAY...
THE RULES APPLIES TO EVERYONE SO I NO SEE HOW THIS ONE GO BE ISSUES....

WE TRADE TO GET BETTER BIKO

I suggest then that it should be made 0.5% DD since the aim is to eliminate risk... Trading is not for the faint hearted. It's about risk. 5% is absolutely fine.
Only someone with $10M account and above should be talking about such ridiculous DD drawdown.
Draw down appetite is directly proportional to gain. If someone has such a low DD rule and the account is 10k what profit is he going to make in a month that can match his time and effort?

realone12:
abeg let this 2% DD no hold. I use God beg una....

in trading, just as too much freedom no good, na so too much restrictions no good too.

everything should be moderate and balanced to give room for good traders to emerge. let's not make things more difficult than it should be.

the traditional 5% DD ain't bad at all.

2% drawdown is no long risk management. Even for a 10million dollar account, no one will force a professional trader into such corners.

samfelly:
Come to think of it, why boss PrinceofWallstr wants the 2% DD is because 2% of 50k is 1k, which is not bad.

Oya nah, 2% DD stays.

But the question now is, are we using prop firm free trials account for the competition or we are using none prop firm (random broker), which have no drawdown parameters drawn into the accounts?

Remember, fxblue no get Daily Draw in their settings.

Modified: I think we can use that Max drawdown (cash) to work for the 2% daily drawdown

2% draw down limit is ridiculous. Trading should not be treated as slave trade.