cdec01:


This is not always the case. You can still hit maximum daily DD.

From your example, if my RR is 1:2, and the combination of my trades are 5.5% up. If the trades go back to break even or even a little above break even, you could lose the account.

KingPipmarshall:
EurAud Trade,5/10/21

This trade hit stop loss and I think this was because I couldn't identify the trend. I was thinking the price would reverse here. I won't be a cunt again.

charly20:


It has been decided. I'll be looking for shorting opportunities at 1.2750 price area, target at 1.25.

zonall:


1791 -1794 looks like a good ceiling to dump XAUUSD till 1764.

Close beyond 1794 is strongly indicative of further bullish run to 1806.

haryodehjia:

I don't think a sell will happen around 1791-1794 you highlighted.. Check the previous weekly candle close

charly20:
I have one little question for some us who may have tried myforexfunds.

How does a swing trader manage the drawdown since it is read from whichever is higher(equity or balance)?

My question stems from the fact that the market does what it wants and I trade accordingly. This means an open trade may be few percentage into profit and if the market retraces, I stand to lose the evaluation because reading from my equity to the point of retracement, I may go below the stated DD.

FTMO no give me that kain headache when I do my free trials last month and I cleared it. It's just because of cost that's why I'm looking at MFF but the condition no dey gree.

@GabsonFX, @Donvic4u @any other respectable trader that has tried these firms.

Help a lad

charly20:


Here is an idea of what I'm trying to get at;
10k account
Open trade : 1% risk
target return (based on opportunity presented):
8%

First price impulse moves equity from 10k to 10,500 (i.e 5% gain),

Market makes a retracement for second impulse sending equity from 10,500 to 10,000 (I.e 5% DD)

Account lost

This is what I mean. I'm trying to understand if that is how the system works so I may plan accordingly if I'm to consider the option

Donvic4u:



Not a good advice to tweak ur system,
But u can close ur trades before end of day and reopen it the following morning,

GreatestManEver:
thats a lie

jammer777:
Here we go again this week.

cdec01:


Please explain because that is what I understand about their daily DD

jammer777:


It went well.

Elliotwaveforec:

The retracement is completed; long 1778 SL 1760 TP 1845

Short Uchf 9257 SL 9275 TP 9120

Feshizzy:


Just read the article about it,
It's more of a practical thing than theory,
I don't know why traders always like to target the edge of the DD
It's quite simple to beat though, just trade at most 1.5% of trade, worst comes to worst, the trade would go 3%.
1% a day profit everyday is about 20% in a month.

I don't even risk up to 1% per trade sef.

So all these DD talk is just greed talk,
Limit your exposure to at most 1.5% on all open trades, you should be fine.

Them give una 30 days to meet target
Una hand never strong, una go wan dey compete with pros and want to achieve in 2 days,
Money wein you know as you struggle get am, you no go humble and get it right.

Some people trade fx like their life is on a countdown, like if they don't make it within certain period that they will die or something

charly20:


.... See Charly, see wahala.

Thank you for contribution,sir.
I just hope everything turns out okay next year.

Piptocoin:


great trade...more like this in the future..

Elliotwaveforec:

You never ready to trade Forex; you no be fan to Oga them with live accounts and consistent profit we all see here.

zonall:
SELL @ 1791
Retest of D1 Swap Zone
SL: 1794
TP: 1777
RR- 1:4.6

boom99:
USDCAD about to sell

charly20:
I have one little question for some us who may have tried myforexfunds.

How does a swing trader manage the drawdown since it is read from whichever is higher(equity or balance)?

My question stems from the fact that the market does what it wants and I trade accordingly. This means an open trade may be few percentage into profit and if the market retraces, I stand to lose the evaluation because reading from my equity to the point of retracement, I may go below the stated DD.

FTMO no give me that kain headache when I do my free trials last month and I cleared it. It's just because of cost that's why I'm looking at MFF but the condition no dey gree.

@GabsonFX, @Donvic4u @any other respectable trader that has tried these firms.

Help a lad

Elliotwaveforec:

You never ready to trade Forex; you no be fan to Oga them with live accounts and consistent profit we all see here.

femora007:

Their dd calculation is only favourable for day-trading not swing traders

GreatestManEver:
Aftermath of the trade I posted earlier

samfelly:
Greatestmanever, Haryodehjia, Charly20 Zonall, Copyjoe, Piptocoin, Donvic4u, Elliotwaveforec and every other persons I couldn't mention, how do you guys trade Inside Bar, pls?

Check M5 on Gold. One forming already.

samfelly:
Greatestmanever, Haryodehjia, Charly20 Zonall, Copyjoe, Piptocoin, Donvic4u, Elliotwaveforec and every other persons I couldn't mention, how do you guys trade Inside Bar, pls?

Check M5 on Gold. One forming already.