infofirst:
Kindly open the Ftmo trial of $10k and Follow the Ftmo challenge rules but no single trade should be more than 0.1 lot at a time. Only 2 positions can be opened at a time. 5% DD /DAY rule applies. 10% Maximum DD allowed. Any 2 instruments can be traded in one competition.( You can only trade any 2 . A trader can trade EU AND GU and another can decide to trade gold and oil.
Ten min trading days. Winner after 14 days .Must hit 4% returns to win. One winner but others can be considered based on organizer view. In the event of a tie, the contestant with higher returns win.
Use your FTA moniker as usual. Contribute on the thread as well. No use of pin to hide trades. All orders must be opened.
The rate at which contestants were violating was high, so am trying to modify until the violations reduce significantly

These are the rules for the next contest starting March 20. Kindly read and request for invite from me through Dm. Only those that are comfortable with the rules should request please. Discipline is needed with no exception please. The market is mean and only for those that can play by the rules and not those that wanted to play by their emotions or personal believe.

rainlover:
I don't get. Pls can you throw more light on this?

Assume my account balance is $1k and I want to risk 2% ($20) . how do I calculate leverage and lot size?

Donsheddy:



Perfect

rainlover:
I don't get. Pls can you throw more light on this?

Assume my account balance is $1k and I want to risk 2% ($20) . how do I calculate leverage and lot size?

karkinase:

Now I believe what Feshizzy has been saying.. you not a trader just filling this place with useless content.

orchin:

karkinase:

Now I believe what Feshizzy has been saying.. you not a trader just filling this place with useless content.

Tony142:



There is nothing hard about prop firm trading, the reason I do not like prop firm is because their spread is too big for me, I am a scalper who trades on the 1 minutes timeframe and aim for 1 - 3 pips per trades, now imagine if their spread is like 3 pips, what will now be my profit?



Prop firm is good for swing, and positional traders not scalpers (especially the ones who uses the 1 minutes TF)

infofirst:
Kindly open the Ftmo trial of $10k and Follow the Ftmo challenge rules but no single trade should be more than 0.1 lot at a time. Only 2 positions can be opened at a time. 5% DD /DAY rule applies. 10% Maximum DD allowed. Any 2 instruments can be traded in one competition.( You can only trade any 2 . A trader can trade EU AND GU and another can decide to trade gold and oil.
Ten min trading days. Winner after 14 days .Must hit 4% returns to win. One winner but others can be considered based on organizer view. In the event of a tie, the contestant with higher returns win.
Use your FTA moniker as usual. Contribute on the thread as well. No use of pin to hide trades. All orders must be opened.
The rate at which contestants were violating was high, so am trying to modify until the violations reduce significantly

These are the rules for the next contest starting March 20. Kindly read and request for invite from me through Dm. Only those that are comfortable with the rules should request please. Discipline is needed with no exception please. The market is mean and only for those that can play by the rules and not those that wanted to play by their emotions or personal believe.

Tony142:




Alright boss, as for the 0.4-0.5 pips you said, I will check to confirm if it is true


Lol, u said 1 - 3 pips is sign of no strategy? Hahahaha, sir, 1 pips profit on a 100 lot size can feed you for 3 months

GreatestManEver:
for gold just divide the 20$ by number of pips you’re risking .If you’re risking 500pips on gold . That’s 20/500= 0.04
So 0.04 is your lotsize.
For gold o

infofirst:


Sir, I do not know of other prop firms, but for mff and ftmo, their spreads are not as high as you mentioned esp with major pairs, eu spread is like 0.4-0.5 pips etc.

And targeting 1-3pips is no trade to me but gambling. I might be wrong. If you can not trade and make 50+ pips , you are not there yet. 1-3 pips target is sign of no strategy in place.
Prop firms do not really encourage swing trading. Fear of weekend gaps.

rainlover:
I don't get. Pls can you throw more light on this?

Assume my account balance is $1k and I want to risk 2% ($20) . how do I calculate leverage and lot size?

rainlover:
I don't get. Pls can you throw more light on this?

Assume my account balance is $1k and I want to risk 2% ($20) . how do I calculate leverage and lot size?

Englishisamust:


I swear na waiting I dey always do be datoo. . You sabi die

rainlover:
I don't get. Pls can you throw more light on this?

Assume my account balance is $1k and I want to risk 2% ($20) . how do I calculate leverage and lot size?

Englishisamust:


Let say you have 100 dollars account and you want to be risking 2 percent per trade that will be 2 dollars. Assuming you see a setup with a sl of 12 pips if u trade the setup. You are going to divide 2/120 that should give you 0.016 then you round it off to 0.02 as your lot size.

Note the 120 is 12 pips.

:oo

Thanks. Can I use same formula to calculate that of BTCUSD?

DannyFX2638:
infofirst e no good ooo.. u day tell person way day inside the box .. that he's not there yet.. who come day for the box na

DannyFX2638:
I went through your page before I reply you but discovered that you are too dumb to know that mistake Is inevitable..

Tony142:




What sha it profit you if u know how to calculate lot size without calculator but still do not know how to trade

Tony142:




Alright boss, as for the 0.4-0.5 pips you said, I will check to confirm if it is true


Lol, u said 1 - 3 pips is sign of no strategy? Hahahaha, sir, 1 pips profit on a 100 lot size can feed you for 3 months

rainlover:
ok. Thanks a lot boss.

In this case, how do I know how much 1pip will be worth?


What about that for BTCUSD?

infofirst:





Watch out

Competition stopped and review in progress.
Can @tonnieblaise @princeify72 @ogashman dropped their ftmo metrix as well?

infofirst:


You are Mr Woos.
You talked of rewards and not risks. Time bomb. In this same market?
1pip on 100lots is $1000. You talked too much bro. That is not even up to my house rent in one month

DannyFX2638:
infofirst e no good ooo.. u day tell person way day inside the box .. that he's not there yet.. who come day for the box na

tonnieblaise:


Gained alot from the competitions, thanks for the opportunity.

However, we might have to review the 10 days minimum trading days because it somehow forces one's hand to be in the market all days of the week regardless of the condition ( and i dont mean market condition only).

GreatestManEver:
each pip worth 0.04 $
For btcusd the same thing as Gold
Please to make life easy for yourself ,when you draw your short/long position tool on trading view it’ll bring the amount you’re risking as SL in pips
I.e if BTC Dey 40000 and your SL is 39700
You’re risking 300pips not 30pips
If you’re risking 20$ I.e 20/300= 0.066
0.066 is your lots
For every pip move, 0.066$ goes in or out of your balance
As easy as setting IV line

Tony142:




What sha it profit you if u know how to calculate lot size without calculator but still do not know how to trade

Tony142:




Alright boss, as for the 0.4-0.5 pips you said, I will check to confirm if it is true


Lol, u said 1 - 3 pips is sign of no strategy? Hahahaha, sir, 1 pips profit on a 100 lot size can feed you for 3 months

infofirst:







You can just open and close immediately, thats no issue bro

GreatestManEver:
for gold just divide the 20$ by number of pips you’re risking .If you’re risking 500pips on gold . That’s 20/500= 0.04
So 0.04 is your lotsize.
For gold o