zedegit:
It will be impossible to fail an equity based DD if we apply money management.

Now the lowest DD is 4%. On a $5000 account, it's $200. If you trade 0.02 lotsize on it, it's about $20 per 100 pips.

What this means is that market has to move against you 1000 pips for you to fail. Is this possible on a swing position? No. Unless you're wrong and it would hardly happen in 1 week. It can't even happen as your stoploss is 200 pips.

Exactly it will be very hard to breach DD on equity based rules except in case of profit pnl which can be solved by simply taking your profit at the EOD then re-enter after mtk close.

People always complaining of equity based dd or balance based dd me personally i prefer myfundedfx equity based...
For me i feel its the best but greed no go gree us....

Once you're in profit your daily drawdown increases..
and when in loss it reduces...

Wetin you dey swing wey your trade go move 5% in profit and den lose the 5% on a single trade ..
ABI you're trying to pass the challenge in one trade?

BrightFuture48:

Exactly it will be very hard to breach DD on equity based rules except in case of profit pnl which can be solved by simply taking your profit at the EOD then re-enter after mtk close.

Which prop firms offer Balance based DD?

PIPSMARSHALL:


If u dey hold 6% profits and u don't close trade, then maybe news happen, it reversed. U don breach their equity rule b dat o.

Breach the equity rule after losing how many % out of the 6%.


You should increase the hustle for giveaways on Twitter. Be tagging me so you dont need to be looking for names to tag. @BinaryRocks don Tage me paaaa @BinaryRocks, I will start tagging you too. One account must enter by fire by fire




I hope you know that @meshpips is a registered, confirmed and shameless Scammer on this thread. Spread the news if you don't know.

PIPSMARSHALL:


U can fail equity drawdown if u hold %profits and d trade hits breakeven or stoploss.

Dem no go send ur papa, F9.
The best is just risks to reward. And play accordingly.

But why wait for like 5% profit to evaporate just like that. Why can't you take profit and re-enter at the same or approx. level after mrkt close. It doesn't diminish your profit ot anything.

It harder to close negative pnl than to take profit. I can't understand how a trader will allow floating 5% profit go down the drain.

dmahn:


It's sad you are deriving pleasure in taking from the innocent ones, you even have the confidence to post and defend nonsense instead of apologising to this entire community and change your ways. People are ready to help you but this pride is just too much.. This is 2023, you are still using an "E" connection, not even 3G nor 4G network

Register for Tft competition by September.. Make 10% and win boss infofirst price. I will even support boss by giving extra 50gb worth of data to trade for the next month......We love you... Stop scamming!!!!

Abeg o if he doesn't need the data,m need the data badly abeg o,ha no dey proud o abeg once again even if not up to the 50gig o

infofirst:


Breach the equity rule after losing how many % out of the 6%.


I hope you know that @meshpips is a registered, confirmed and shameless Scammer on this thread. Spread the news if you don't know.

...

Meshpips try change oh... So that fta go let you breathe oh...

Donsheddy:
...

Meshpips try change oh... So that fta go let you breathe oh...

The wicked no go sleep.




I hope you know that @meshpips is a registered, confirmed and shameless Scammer on this thread. Spread the news if you don't know.

infofirst:


Breach the equity rule after losing how many % out of the 6%.


You should increase the hustle for giveaways on Twitter. Be tagging me so you dont need to be looking for names to tag. @BinaryRocks don Tage me paaaa @BinaryRocks, I will start tagging you too. One account must enter by fire by fire


[b]

I hope you know that @meshpips is a registered, confirmed and shameless Scammer on this thread. Spread the news if you don't know.[/b]

😂😂😂 Abeg don't kill m na🥺🥺🥺,we know already na

Donsheddy:
People always complaining of equity based dd or balance based dd me personally i prefer myfundedfx equity based...
For me i feel its the best but greed no go gree us....

Once you're in profit your daily drawdown increases..
and when in loss it reduces...

Wetin you dey swing wey your trade go move 5% in profit and den lose the 5% on a single trade ..
ABI you're trying to pass the challenge in one trade?

If I understand what Pipmarshal was saying.

Let's say you have a $5000 account and the total DD is 6%. You use 0.02 lotsize to gain a floating profit of $300.

How possible is it for you to lose $300 profits on a swing position with 0.02 lotsize?

It's just not possible. What news will move market 1500 pips against you?

zedegit:


If I understand what Pipmarshal was saying.

Let's say you have a $5000 account and the total DD is 6%. You use 0.02 lotsize to gain a floating profit of $300.

How possible is it for you to lose $300 profits on a swing position with 0.02 lotsize?

It's just not possible. What news will move market 1500 pips against you?

Asin eh... With such profit you suppose close the trade self... Hunt for another trade

infofirst:


Breach the equity rule after losing how many % out of the 6%.


You should increase the hustle for giveaways on Twitter. Be tagging me so you dont need to be looking for names to tag. @BinaryRocks don Tage me paaaa @BinaryRocks, I will start tagging you too. One account must enter by fire by fire




I hope you know that @meshpips is a registered, confirmed and shameless Scammer on this thread. Spread the news if you don't know.

Donsheddy:
People always complaining of equity based dd or balance based dd me personally i prefer myfundedfx equity based...
For me i feel its the best but greed no go gree us....

Once you're in profit your daily drawdown increases..
and when in loss it reduces...

Wetin you dey swing wey your trade go move 5% in profit and den lose the 5% on a single trade ..
ABI you're trying to pass the challenge in one trade?

It's all about money management.

Donsheddy:


Asin eh... With such profit you suppose close the trade self... Hunt for another trade

Not when you understand where the price is heading.(Target)

One can lock in some profits though.

zedegit:


Which prop firms offer Balance based DD?

FTMO and Partially MFF.

zedegit:


It's all about money management.

It is but that man no wan gree.

BrightFuture48:

But why wait for like 5% profit to evaporate just like that. Why can't you take profit and re-enter at the same or approx. level after mrkt close. It doesn't diminish your profit ot anything.

It harder to close negative pnl than to take profit. I can't understand how a trader will allow floating 5% profit go down the drain.

E dey happen o.
Dem agba wey dey swing anything trending.
You won't go broke taking some profits.

zedegit:


If I understand what Pipmarshal was saying.

Let's say you have a $5000 account and the total DD is 6%. You use 0.02 lotsize to gain a floating profit of $300.

How possible is it for you to lose $300 profits on a swing position with 0.02 lotsize?

It's just not possible. What news will move market 1500 pips against you?

Now I don't trade with 0.02, norms on 5k account its 0.2max lots I start closing at 4% 1-3% risks.
I wan reduce am, but the upside is higher if I can just maintain discipline and control the greed on d upside. Make I no go dey imagine profits wey neva show evidence.

PIPSMARSHALL:


If u dey hold 6% profits and u don't close trade, then maybe news happen, it reversed. U don breach their equity rule b dat o.

If you understand that 6% means 1500 pips, you can't breach it even if news goes against you.

Besides I found out that news is often correction in a trending market. So las las it will still continue in your favour or worse hit your stoploss without breach.

zedegit:


If you understand that 6% means 1500 pips, you can't breach it even if news goes against you.

Besides I found out that news is often correction in a trending market. So las las it will still continue in your favour or worse hit your stoploss without breach.

Where u wan see 1500pips in 30days?.
Our risks differs, its the knowledge that the market pays profitable traders.

And won't trade gold? And u ar not a Player like peterru

Price traded through the 31-05-23 level and closed below it on Daily tf.

I would like to see price trade to 03-11-22 Daily low.

Monday would give more insight.

abham:
AU consolidated this week even if the weekly closed bearish.

If June’s monthly low is traded through and no significant sms up on the daily then this negates my expectations for a bullish AU.

If it continues going lower I would like to see 31-05-23 low taken but the new week will tell us more on this.

PIPSMARSHALL:


Now I don't trade with 0.02, norms on 5k account its 0.2max lots I start closing at 4%
I wan reduce am, but the upside is higher if I can just maintain discipline and control the greed on d upside. Make I no go dey imagine profits wey neva show evidence.

Uncle infofirst come oh. I am arguing 0.02 lotsize with someone on 0.2 lotsize.

NB: 0.2 lotsize on 100 pips is $200.
It's fearful to imagine on a $5000 account.

Small movement your heart will be beating. You can't even close your laptop and enjoy your day with peace of mind knowing that breach is around the corner.

zedegit:


Was it a 2 phase account? This sounds unbelievable for a prop firm many here say is among the best prop firms. These were some of the hidden rules I warned about.

According to the mods, they told me Wednesdays have a special swap fees multiplier, i.e. fees are increased in multiple fold . I don't know what that even means and why must it be Wednesday for huge fees...

My own is prop firms that don't allow traders to withdraw all their profits without losing their account.

Dat one weak me.

karkinase:

How come you not aware that Wednesdays carry 3X overnight fees..(positive or negative) more higher with JPY pairs especially when you sell .
also trading minor pairs will mostly get you frustrated cos of large spreads and slippage.
Nutin like Balance based it’s just marketing gimmicks . If a firm does balance based nobody go fail challenge acct na.

I didn't know Wednesday have something like that and the balance based isn't what I thought it was... that gimmick did sell

JasonNOTStatham:
I didn't know Wednesday have something like that and the balance based isn't what I thought it was... that gimmick did sell

It’s always been like that .. it’s just that you don’t know

Even if one is a risk taker the maximum on $5000 should be 0.05 with peace of mind.

RKTexpert:
no mind them...them dey use trailing drawdown dey monitor us like U.S detective

karkinase:

Na MFF first do me this tin .. even if you make 91% and you lose 5% on any single day.. that acct. is gone like Otilo.

This trailing DD is common with 1 step plans... But wait oo, aren't they supposed to be happy traders are passing out and paying them via profit splits? Sha, till a true DD will come out, all the prop firms will adjust... As in, how DD go pursue traders from back even with profits...

Donsheddy:


Asin eh... With such profit you suppose close the trade self... Hunt for another trade

Personally I don't believe in closing of trades prematurely, I believe it is part of the growth and learning process as a trader, the day my trades will start to hit TP will be the day I know how far I have developed as a trader.

zedegit:
It will be impossible to fail an equity based DD if we apply money management.

Now the lowest DD is 4%. On a $5000 account, it's $200. If you trade 0.02 lotsize on it, it's about $20 per 100 pips.

What this means is that market has to move against you 1000 pips for you to fail. Is this possible on a swing position? No. Unless you're wrong and it would hardly happen in 1 week. It can't even happen as your stoploss is 200 pips.

Thank you... This is where I made blunders, trusting balance based with full assurance that equity based isn't considered.

zedegit:


Uncle infofirst come oh. I am arguing 0.02 lotsize with someone on 0.2 lotsize.

NB: 0.2 lotsize on 100 pips is $200.
It's fearful to imagine on a $5000 account.

Small movement your heart will be beating. You can't even close your laptop and enjoy your day with peace of mind knowing that breach is around the corner.

It was this year I discovered my own peace in the markets on higher timeframe, any 15min surprise frm d market can trigger my animal nature, and I start spoiling days worth of profits. I wished I had d confidence sooner but counting the days looks far, living each day as unique won't allow u worry about time.

I don't know how to explain, u av to be in the zone every market day. No excuse. Don't swith to stupid behaviour no matter what. Even Jesus wept, who I con be make ai no cry if e don red. If u no fit cry, take pain killer. Shayo, chop life, spend money, chop beta, E no easy atall. I understand you.

Trading on higertimeframe is the last piece of the puzzle to becoming a profitable trader because u cannot make too many stupid decisions and put ur self at risks.
Jesus turned water into wine for a purposes, na d evidence wey I put my life on.
God is the Greatest