Ftmo academy reddit strategy. com, a trading forum run by professional traders.

Ftmo academy reddit strategy But I wanted to see how I can use this strategy to be successful at FTMO. Trading breakouts and fakeouts Breakout trading is a popular trading strategy followed by many traders and trading algorithms. 6 days ago · FTMO Academy: An educational platform offering lessons on strategy development, trading psychology, technical analysis, and forward testing to improve trader performance. In this lesson, we will look at one of the most popular trading strategies that are part of many trading systems used by traders worldwide. I average 3-4 wins a month based on 10-12 trades . g. One thing connects all professional traders – they have 100% trust in their trading strategy. Nov 18, 2023 · The following is my strategy on how I plan to trade Petkos’ FTMO V5. So now I have my eyes on the high stakes program with 5%ers It goes without saying that risk management is the most important part of trading. In this lesson, we will cover how you can trade breakouts and fakeouts. There's an interview with FTMO CEO where he mentions 94%trader fail the challenge. There are two ways you can spot a breakout, the first one is by using price action, and the second is by using technical […] Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. The rule of thumb I go with is that most strategies are barely above break-even. I have a Myforexfunds live account and have recently failed phase 2 of another challenge. Equity Simulator: This tool allows traders to simulate potential equity curve outcomes, offering a better understanding of drawdowns and the randomness in trading strategies. I used FTMO in the past and they are legit, I was able to withdraw and everything but I had to change my strategy and it doesn't work with FTMO's parameters. Here are a few other examples of scalping strategies Welcome to FXGears. , chart patterns, volume analysis), or a combination of both. If we want to join this elite club of traders, we must know what to expect from our trading strategy. It bridges the gap between theoretical expectations, backed by data, and practical application in a live market environment. , economic reports, earnings), technical indicators (e. . Long story short, I want to aim for a €40,000 challenge next year and wanted to ask you what your experiences are with FTMO and what you can possibly give me tips along the way. Run the Backtest: The software will simulate trades based on your strategy over the selected historical period. By carefully executing forward testing, traders can validate their strategies […] I think the only two I would dare touch would be FTMO and 5%ers. 1 robots on a FREE 200K FTMO demo account on December 21st. Start with a demo account to practice your strategy and fine-tune it before risking real money. 331K subscribers in the Forex community. 1 robots: I started demo trading the FTMO v5. Basic elements The foundation of any trading strategy begins with the generation of an idea, which could come from market analysis, news events, or a broader economic perspective. Understanding the context and […] Guide to forex backtesting – gain confidence in trading strategy. If you are bullish or bearish on any given instrument, price rarely goes up or down in a straight line. co/4swy7mK 1st stage. Our Academy can help you to develop your own strategies based on your risk tolerance and goals. The Academy is designed to try equipping traders with the necessary knowledge and skills to navigate the volatile world of foreign exchange trading. The strategy focuses on the effective identification of the main trend, corrections and the precise timing of entries and exits. In this article, we will cover everything you need to […] Welcome to FXGears. So profitable 2:1 strategies tend to have slightly over 33% win rate etc. I would say go for it but you won't make life changing money because of how strict their rules are. but I hope you guys get the point. Practice and refine your strategy. com, a trading forum run by professional traders. Keep track of your trades and analyse your results to identify areas for improvement. With FTMO you can practice all acquired knowledge in a risk-free environment in real market conditions with our Free Trial. All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. The numbers are just an approximation leaning towards conservative side. So a 4:1 strategy would probably have slightly over 20% win rate and be profitable. Input Your Strategy: Enter your strategy’s rules into the backtesting software. Support and resistance So what is support and resistance trading? If you ever saw support or resistance drawn on the chart, most traders use straight or diagonal lines to do […] We are introducing a sophisticated trading strategy that combines technical analysis with the use of several advanced indicators and multi-timeframe analysis. Ideas can be driven by fundamental factors (e. Like any trading strategy, scalping requires practice and refinement. The following are the results so far. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. com's Reddit Forex Trading Community! Here you can converse… 80% win rate on 4:1, must be some kind of godly strategy. Thanks! Can you scale out to reduce drawdowns and improve accuracy? https://ibb. Analyse Results: The software will generate a report showing the performance metrics of your strategy, including total profit/loss, win rate, drawdowns Forward testing, also known as paper trading or walk-forward testing, is a crucial step in validating a trading strategy under real market conditions without risking actual money. This allows traders to gain experience without risking real money. Welcome to FXGears. Although most traders think they are losing money in trading because of flaws in their trading strategy, the truth is that in most cases they are not using proper risk management. Jan 27, 2024 · FTMO Academy is an educational segment associated with FTMO, a company known for offering proprietary trading solutions to up-and-coming forex traders. 242 votes, 229 comments. The key components of the described strategy are Ichimoku Kinko Hyo (Ichimoku Cloud), Relative […] Weekly open trading strategy A lot of traders spend their weekends doing market analysis, and they often come up with different ideas and price predictions for an upcoming trading week. vtzdd agpv lutnk taznltf uph tuzsbx bmgslaie ridewga kqcsm pkaz