My FTMO journey: trials, trials and maybe more anytime

IlIlIlIlI

Established member
648 615
I meant the risk to reward of each of your actual trades.
It's hard to find a RRR which makes sense for my trading.
Usually my setups are called scalping trades in the definition of scalping of today.

I only found something like a 6:1 ratio which meant 30 pips sl for 5 pips tp.
Transferred to my trading it could mean 60 pips sl for 10 pips tp as an average. Hypothetically, I would not calculate it for every single trade individually.

Currently I'm setting my sl on 105 pips for US100 and 95 pips for GER30 so I should stay inside the daily loss limit with 4 trades stopped out on sl.

I'll watch in the next days whether these 60 pips for sl will be enough.
 
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IlIlIlIlI

Established member
648 615
I don't think I will trade more today.

There were mainly scalping trades and two trades in the US opening.
Number of trades/lots varied in the trading sessions to stay away from higher DD.
I'm very satisfied with the result of today.
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IlIlIlIlI

Established member
648 615
Only small trades, without confidence in predicting market moves because of the triple witching Friday tomorrow.
Now there are 13 trading days left to do what could be done in 30 calendar days when a challenge is started.
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Edit:
Replaced the screenshots as the first edition didn't show the last 2 trades.
 
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IlIlIlIlI

Established member
648 615
Didn't have time to trade today.
So I had only a small trading session during my lunch break.
Small profit is better than none.
I wish a nice and happy weekend for everybody.
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IceThor

Active member
142 33
It's hard to find a RRR which makes sense for my trading.
Usually my setups are called scalping trades in the definition of scalping of today.

I only found something like a 6:1 ratio which meant 30 pips sl for 5 pips tp.
Transferred to my trading it could mean 60 pips sl for 10 pips tp as an average. Hypothetically, I would not calculate it for every single trade individually.

Currently I'm setting my sl on 105 pips for US100 and 95 pips for GER30 so I should stay inside the daily loss limit with 4 trades stopped out on sl.

I'll watch in the next days whether these 60 pips for sl will be enough.
Ok thanks for the explanation. PIps are irrelevant to me, all about %
 

IlIlIlIlI

Established member
648 615
Had some losing trades from hedging today as I got nervous whether my prediction was right.
Overall I made enough profit to be satisfied.
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IlIlIlIlI

Established member
648 615
If I would trade again tonight, I would add the trade list.
But it is not planned, today's result is good enough.
Had some pre-lunch trades which didn't work as fast as I thought and traded carefully in/after the US opening.
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IlIlIlIlI

Established member
648 615
Third bad day in this challenge - back to survival mode and hoping to get the next round for free.
Too many trades to publish.
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IlIlIlIlI

Established member
648 615
Need one or two or three other days next week like today to pass the challenge.
Until that I continue in survival mode to get a free second chance. I hope that is also valid for swing accounts as I didn't find anything opposite.
Had only four relevant trades which I held during the US opening and didn't get problems with the DD.
These trades were closed on the trailing stop generated by my EA.
The others were fun trades, as I call these short time scalping trades.
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IlIlIlIlI

Established member
648 615
Bad day 4 in this challenge.
Learning that it's better not to trade than a wrong set and forget trade set.
Now the only goal to get back to profit before the challenge runs out.
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IlIlIlIlI

Established member
648 615
80% win rate, yet down. What win rate do you need to be in profit.?

You need to let your winning trades run.
The win rate is sufficient, but I should check out more individual stop loss levels in the future.
I had 3 losing days with more than 3k DD each and that should be managed better.
The sum of theses 3 days is more than needed to pass the challenge.
 

Aston1st

Well-known member
271 36
The win rate is sufficient, but I should check out more individual stop loss levels in the future.
I had 3 losing days with more than 3k DD each and that should be managed better.
The sum of theses 3 days is more than needed to pass the challenge.
Go on we're all rooting for you. Take your time and wait for the wave then size the MF!
 
 
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