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TrAndy1 replied May 11, 2022Sharpe Ratio is a figure that can express how stable you can pass such Phase 1 challenge. Any Sharpe Ratio above 4 is indicating a RRR of about 1:1 monthly so you can pass Phase I for sure if you can hold that Sharpe ratio. Any Sharpe ratio below 3 ...
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TrAndy1 replied May 11, 2022@Fundednext Anyone can share his experiences with that prop firm please here ? Thanks, because I am considering them, they look good.
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TrAndy1 replied May 10, 2022Got the credentials on Monday morning for the funded account, so I missed one trading day on last Friday. // Regarding TTT I have seen it coming when they showed me there huge problems even with their paypal payment system. They are not that ...
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TrAndy1 replied May 6, 2022Today I could not trade on my funded account on TFF, no credentials so far. So you really cannot trade on the payout date, you loose 1 out of 10 days cycle, that is a bit much. I trade cautiously without leverage on my small funded account with TFF, ...
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TrAndy1 replied May 5, 2022I am still on their IC Markets server, they want to switch to their new own server. On IC Markets the spread for EU and GU is 0. On their own server it should be for both at 0.2. But the commission is reduced to $3.5 rtl so in total the trading cost ...
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TrAndy1 replied May 5, 2022TFF Update I got a congratulation email for my profit split which is tomorrow. Important is I could trade today until midnight and then close all trades before the payout day tomorrow. So there is no break here. Will let you know when I get my ...
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TrAndy1 replied May 4, 2022FOMC is so far so good for me. I made +17.5 pips on UJ and +22.6 pips on EU, quick profits. Now I closed also with +30.1 pips in GU and +7.2 pips on NC and +25.5 pips on NU and +20 pips on NJ. On my second NC trade I made -4.6 pips. I am ready for ...
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TrAndy1 replied May 4, 2022I get my profit split on this Friday, then I could tell you more. As I have read that matter with the profit split is solved and you can trade at once they make the profit split wire. So far everything went damn fast. Between Phase 2 and Funded ...
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TrAndy1 replied May 4, 2022url image or here as backup video In the meantime I am listening now url The first half an hour on every day is free. They are quite fast when it comes to news on the TV channel. image
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TrAndy1 replied May 4, 2022As I can recall all the futures prop firm have no favorable Drawdown rules, most of them are trailing in a kind. One exception I heard of but I am not 100% sure you need to look yourself is Earn2Trade as prop firm. They have one program with the ...
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TrAndy1 replied May 4, 2022An essential read if you do or consider Forex trading, this kind of read is a must if you do not already know what it is about. It is from Bradley Gilbert, Ex-Citibank Chief Foreign Exchange Trader in his pdf FX INSIDER with more than 20 years’ ...
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TrAndy1 replied May 4, 2022To find your edge you need to be aware of common types of trading strategies when designing a strategy. I hope this helps you. image image Here is also a comprehensive list of trading strategies in a scientific write up, as link and as file. ...
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TrAndy1 replied May 4, 2022file file Second part of lists of trading quotes for your joy. May it help you to find your edge. 1. “The goal of a successful trader is to make the best trades. Money is secondary.” - Alexander Elder Meaning: A quote to remind you to focus on ...
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TrAndy1 replied May 4, 2022If you want to build your edge you can read those lists of trading quotes below, because there is some truth in each quote. It can have some value. Forex Motivational Quotes 1. "I'm only rich because I know when I'm wrong. I basically have survived ...
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TrAndy1 replied May 4, 2022Never mind. You are welcome. For me the best example is that I spend less than 1 day in coding and three months of testing a new daytrading strategy which has actually a Sharpe Ratio of 7. That translated it means it shows an average RRR of 10:1 per ...
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TrAndy1 replied May 4, 2022The fun is you are in a way calculating you get rich by following certain rules. Also you would like to know if you do something in systematic manner does it really work? Also doing manual backtesting without coding is cumbersome and takes a lot of ...
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TrAndy1 replied May 4, 2022Of course, having an edge with your strategy is the most important. But when you have an edge and it is not fully automated your emotions also come into play which you need to take care of, otherwise if your stats are not that good you can easily ...
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TrAndy1 replied May 4, 2022How can you prevent building up negative emotions when trading ? You need to take care of the Loss Aversion Bias. That is why it is important not to underestimate the psychology of any bias. One needs to be aware of them. The noble prize winners ...
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TrAndy1 replied May 3, 2022Here is a list of cognitive bias as human errors which can be made (from various sources I found through a search). image Cognitive Biases A list of the most relevant biases in behavioral economics Biases Action Bias - Why do we prefer doing ...
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