DislikedI cannot execute 2 lots or bigger trade on summer plan. I am risking only 0.5% per trade or per pair. Is it just me or everyone else?Ignored
slip may occur and lead to risk violation.
not sure.
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DislikedI cannot execute 2 lots or bigger trade on summer plan. I am risking only 0.5% per trade or per pair. Is it just me or everyone else?Ignored
Disliked{quote} 1% of 2 lots is about 12 pips stoploss. i think they consider it risky specially when stoploss order is not guaranteed slip may occur and lead to risk violation. not sure.Ignored
Disliked{quote} Same here. I can open over 2 lots but Something's not right about the leverage. I don't have access to the full margin that a 25k with 1:10 leverage account should allow. As the account grows it gets better but still, something's not right.Ignored
Disliked{quote} Hello koop Can you please specify what lot size you were trying for what pair, and what other positions were live at that time?Ignored
Disliked{quote} That can't be it. Look closer, he's risking only 0.50% ($125) per trade and that's taking into consideration his stop loss. 5ers allow upto 1% ($250) SL per trade.Ignored
Disliked{quote} Depends on the pair. 2 lots on GCHF needs $27,000 in margin. He wouldn't have enough in his account. He would have enough for AUDUSD, that only needs about $14900. When calculating margin its important to remember that if the currency is stronger than your account base currency (GBP is stronger than USD) than you need more margin to open that pair. As of speaking GBPUSD is 1.389. So you gotta multiply 1 USD x 1.389 (GBPUSD) first THEN divide it by your magin (account is 1:10). So it'd be 200,000 (2 lots is 200,000 units) x 1.389 divided...Ignored
Disliked{quote} Oh yeah that makes sense. I thought the same thing but in one of my cases i was trading pairs with smaller margin requirements like AUDCAD & NZDCAD. It stll didn't add up. I'll watch for an occurrence this week and report back here.Ignored
Disliked{quote} Btw, where have you been man? blowing all that prop firm money?Ignored
Disliked{quote} Two pairs I especially dislike! I can't with them wicks. If I ever trade them I switch over to Heiken Ashi candles to drown out some of that noise. {quote} Haha. Once things got back to normal I couldn't be a hermit anymore! Just went back to traveling, eating out a lot, summer time fun with the kids so lots of Zoo days and Universal Studios. True story. I actually failed a 5ers challenge a few months ago from the psychology of trying to trade at two firms at once. When Forex is sloppy usually CFD's and metals are moving nicely. So my other...Ignored
QuoteDislikedHaha. Once things got back to normal I couldn't be a hermit anymore! Just went back to traveling, eating out a lot, summer time fun with the kids so lots of Zoo days and Universal Studios.
QuoteDislikedThe pips rule is easy for me. I just do 0.20% risk, minimum RR of 1:1 but my average is like 1:1.75. I'm only up a couple hundred dollars but up like 200+ pips. The pips are the easy part with positive RR
DislikedPlease, I just found out the summer program is over, but we that already have an active account but haven't passed the challenge yet, are we still good to go with out trades....my dashboard still shows "in progress" statusIgnored
DislikedFolks, I am still confused about the stop loss limit 1% (summer plan) and 1.5% (normal program) is it calculated from the initial balance Or current balance/equity ? Example summer plan starting balance $25,000 . then made $250 profits, now my current balance is $25,250 so what would be the next stop loss limit ? is it $250 Or $500 ? thanksIgnored
Disliked{quote} Hey Feelas Each position (or multiple positions on the same pair) should not risk more than 1% of your account balance. If your initial balance is $25K, then don't risk more than $250. If now your balance is $27K, then don't risk more than $270 per position. Best RegardsIgnored