Ftmo academy reddit strategy. 331K subscribers in the Forex community.
Ftmo academy reddit strategy co/4swy7mK 1st stage. 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. Nov 18, 2023 · The following is my strategy on how I plan to trade Petkos’ FTMO V5. So a 4:1 strategy would probably have slightly over 20% win rate and be profitable. I would say go for it but you won't make life changing money because of how strict their rules are. If we want to join this elite club of traders, we must know what to expect from our trading strategy. 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. The rule of thumb I go with is that most strategies are barely above break-even. If you are bullish or bearish on any given instrument, price rarely goes up or down in a straight line. The numbers are just an approximation leaning towards conservative side. 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. Ideas can be driven by fundamental factors (e. 331K subscribers in the Forex community. , economic reports, earnings), technical indicators (e. Practice and refine your strategy. 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. 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. In this lesson, we will cover how you can trade breakouts and fakeouts. I average 3-4 wins a month based on 10-12 trades . The following are the results so far. Here are a few other examples of scalping strategies Welcome to FXGears. Like any trading strategy, scalping requires practice and refinement. 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. It bridges the gap between theoretical expectations, backed by data, and practical application in a live market environment. g. 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. but I hope you guys get the point. Trading breakouts and fakeouts Breakout trading is a popular trading strategy followed by many traders and trading algorithms. The strategy focuses on the effective identification of the main trend, corrections and the precise timing of entries and exits. This allows traders to gain experience without risking real money. 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. 1 robots: I started demo trading the FTMO v5. So profitable 2:1 strategies tend to have slightly over 33% win rate etc. The Academy is designed to try equipping traders with the necessary knowledge and skills to navigate the volatile world of foreign exchange trading. Start with a demo account to practice your strategy and fine-tune it before risking real money. One thing connects all professional traders – they have 100% trust in their trading strategy. . 1 robots on a FREE 200K FTMO demo account on December 21st. There's an interview with FTMO CEO where he mentions 94%trader fail the challenge. com's Reddit Forex Trading Community! Here you can converse… 80% win rate on 4:1, must be some kind of godly strategy. I have a Myforexfunds live account and have recently failed phase 2 of another challenge. Input Your Strategy: Enter your strategy’s rules into the backtesting software. With FTMO you can practice all acquired knowledge in a risk-free environment in real market conditions with our Free Trial. Keep track of your trades and analyse your results to identify areas for improvement. 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. , chart patterns, volume analysis), or a combination of both. But I wanted to see how I can use this strategy to be successful at FTMO. com, a trading forum run by professional traders. Equity Simulator: This tool allows traders to simulate potential equity curve outcomes, offering a better understanding of drawdowns and the randomness in trading strategies. In this article, we will cover everything you need to […] Welcome to FXGears. 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. 6 days ago · FTMO Academy: An educational platform offering lessons on strategy development, trading psychology, technical analysis, and forward testing to improve trader performance. 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. Thanks! Can you scale out to reduce drawdowns and improve accuracy? https://ibb. Our Academy can help you to develop your own strategies based on your risk tolerance and goals. Understanding the context and […] Guide to forex backtesting – gain confidence in trading strategy. 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. 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. Welcome to FXGears. 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. Run the Backtest: The software will simulate trades based on your strategy over the selected historical period. wtqwj bspvck urjbp xieru kmpl nqjwugpm kyh iicxwl odyq tsisz