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- pipmaster77 replied May 22, 2021
Leverage is irrelevant, if you max out the leverage on either model, you have a 10 pip stop loss before violating. The DD is the factor, and once again you will be reduced to trading sizes you can accomplish on your own.
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- pipmaster77 replied May 22, 2021
They are not taking a leap of faith if they have you on live from the get go. They made 50% of your profits on stage 1 plus your fee. Not quite equal to the new DD, but close enough. If you pass stage 2, from that point you are an ATM for them as ...
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- pipmaster77 replied May 22, 2021
Which brings up the point, there is absolutely 0 benefit to the trader with these models. I have 100% of my personal account which will allow the same size positions as the prop firm. Doesn't matter the leverage they are offering, 50:1 with 5% DD ...
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- pipmaster77 replied May 21, 2021
What I like about Dukas is it provides latest, 6 hours ago, 1 day ago and 5 days ago, so you can see the shift (if any) as well. Yes, using multiple brokers definitely the way to go.
Market Structure Only- keep your charts clean
- pipmaster77 replied May 21, 2021
Right, I trade weekly pivots and I use sentiment for confirmation mostly. For example, if I'm looking for a reversal say on a 61 or 78 pivot, but PA and sentiment say otherwise, it will either a. keep me out of a bad trade or b. I'll go with the PA ...
Market Structure Only- keep your charts clean
- pipmaster77 replied May 21, 2021
Also, keep in mind, if you are using a MM broker, and part of that model is B-booking...what stops them from skewing the data. They will do whatever it takes to get you on the wrong side. TRUST NOBODY!!! lol
Market Structure Only- keep your charts clean
- pipmaster77 replied May 21, 2021
Nice catch, Expo. I guess since the FTMO thread has become dormant, he's checking to see what everyone is up to?
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- pipmaster77 replied May 21, 2021
Yes, stock market opened. US30 up 100+ in 5 minutes. Meant to quote snail.
Market Structure Only- keep your charts clean
- pipmaster77 replied May 21, 2021
Here is a great tool from Dukascopy. Not sure which broker data you are using for sentiment. url
Market Structure Only- keep your charts clean
- pipmaster77 replied May 21, 2021
Yes, I guess these models are just not for me. I much prefer the 30 day challenge, pass and have 10-12% DD. Just as you state why would anyone think they can get funding the same day, my thought is why would I pay a fee that I can just drop in a ...
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- pipmaster77 replied May 20, 2021
Yikes!!! Thought they would do a much better job with this. Their eval model beats the competition, but this.....$4900 for a 50,000 account with 5K DD, $99 for a 2000 account with 100 DD and everything in between. What do they all have in ...
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- pipmaster77 replied May 20, 2021
mine is an even 2 today, been holding at 2 all morning. I think it's actually fixed as there is no commish.
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- pipmaster77 replied May 20, 2021
Well, I'm seeing 2.8 now. Maybe when stock market opens it gets thinner. I think I looked yesterday midday when I said 1. I'll check midday again today.
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- pipmaster77 replied May 19, 2021
what takisd is saying if you make those returns CONSISTENTLY, you'd be a billionaire in a year. I call BULLSHIT. Unless of course, you are doing it on a $50 account. 150-200% per month. C'mon now.
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- pipmaster77 replied May 19, 2021
I'm with you 100%. I am not judging anyone, just looking out for fellow traders. I posted the math a few days ago. By stage 3, personal account is literally double your 5%ers account. Added benefit....you keep 100%. However, if somehow you can twist ...
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- pipmaster77 replied May 19, 2021
No, I have not, but Thank You, looks like some very good info I may be able to use.
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- pipmaster77 replied May 19, 2021
Value per pip depends on the broker. On FTMO 1.00 is 10 contracts so $10/point. On Tickmill 1.00 is 1 contract so you would need 10.00 position for $10/point. So, $1 per point per contract. That is US30. If you go in properties of the instrument on ...
Market Structure Only- keep your charts clean
- pipmaster77 replied May 19, 2021
Yes, US30 has ranged over 400 pips today, but that is only 125% of its 20 day avg ADR.
Market Structure Only- keep your charts clean