trendies FTMO Adventure IV: A New Hope

trendie

Legendary member
6,840 1,398
In a galaxy, far, far away...
A 35K Challenge.
Same trading rules.
Same risk rules.
More diligence.
Take profits when they present themselves.
(I am not a natural scalper, so tend to think a trade will last a whole day. So, I give it too much room to breathe, this usually means giving away too much profit before realising I should have bailed.)
 
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trendie

Legendary member
6,840 1,398
Started today.
Only 1 trade. A loss of -20 pips.
No need for a graph for the moment.
ftmo4-aug03a.PNG
 
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trendie

Legendary member
6,840 1,398
Missed the morning. Afternoon was wild, took a short (of course!) on 1-lot on US30.
Was doing well, but came back up, so bailed at +3pips or so!
Poor concentration for the day.
ftmo4-aug05a.PNG
 
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trendie

Legendary member
6,840 1,398
No trades today,
 
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trendie

Legendary member
6,840 1,398
2 trades.
First trade was a good short, the US30 was on a ledge, and I went short on the break down.
But, I watched £400+ profit disappear into just +6 pips.
I think the secret to scalping is to take a profit, and not care how far the market goes without you.

Took another short. Loser. But happy that I didnt hold onto it.
Nett loss, but managed loss.
ftmo4-aug10a.PNG
 

trendie

Legendary member
6,840 1,398
A trading today!
2 losses, 2 wins.
Short DAX; could of got out for a smaller loss, but took a 18 pip loss (technically a 20 pip SL)
Short US30; full 20 pip loss. (I think if I held on for a little longer, I could have got out at break-even. But I cannot tell that in advance)
Short US30: ( a technical 1-2-3 trade.) Plus 30 pips.
Long US30: + 35pips, BUT 1/2 scale. so +17.5.
(Non-standard trade: The market fell, and I looked Left, and noticed the Low of yesterday. I took a Long, on the basis that the Low of yesterday would hold as support. It did!)
Nett, gain +99£.
ftmo4-aug17a.PNG
ftmo4-aug17b.PNG
ftmo4-aug17c.PNG
ftmo4-aug17d.PNG
 
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trendie

Legendary member
6,840 1,398
As a meta-analysis, I think I am being a tad timid!
Maybe I am being a little over-cautious on risk, seeing as I have a low usage of my "Max Daily Loss".
Perhaps I should cut loose and shoot for the fences!
Should I trade bigger size, or be more lax on SLs?
Hmmmmm.
 
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IlIlIlIlI

Established member
588 554
Should I trade bigger size, or be more lax on SLs?
Be more lax on SLs would have increased the losses of that two trades, I fear.
Can you imagine to setup a second trade with less (half?) size and less (half?) TP sometimes?
 

trendie

Legendary member
6,840 1,398
4 trades. 3wins, 1 loss (sort of)
Short US30; +10.
Short DAX; +11.
Short DAX; -1 !! (yes, a finger slip short of a null trade!)
Short US30; +14.
Nett gain over 500£.
Note: I went short the DAX, and rather than stick to a fixed 20pipSL, I took a second short, which closed for a profit, and thought I could close the first one for null.

I am STILL fixated with shorts.
ftmo4-aug18a.PNG
ftmo4-aug18b.PNG
ftmo4-aug18c.PNG
ftmo4-aug18d.PNG
 
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trendie

Legendary member
6,840 1,398
Be more lax on SLs would have increased the losses of that two trades, I fear.
Can you imagine to setup a second trade with less (half?) size and less (half?) TP sometimes?
Actually, my current style on my spread-betting is to have multiple longs and shorts open via an EA at different times, and I then manually nett off the trades to harvest profits.
(A kind of dynamic grid, but the drawdowns would blow the FTMO limits.)

But, since its over several days (and weekends), and I use small amounts (0.1lots, etc), it wont work on FTMO.
Am looking to make an FTMO-friendly method.
Its also quite interesting to develop real-time a new method!
 

counter_violent

Legendary member
11,266 3,005
Actually, my current style on my spread-betting is to have multiple longs and shorts open via an EA at different times, and I then manually nett off the trades to harvest profits.
(A kind of dynamic grid, but the drawdowns would blow the FTMO limits.)

But, since its over several days (and weekends), and I use small amounts (0.1lots, etc), it wont work on FTMO.
Am looking to make an FTMO-friendly method.
Its also quite interesting to develop real-time a new method!
Hmm, now where have I heard that before !
 
 
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