Tomas-ftmo, I understand that it is your business and your rules, but is there any special reason behind the "only" 4 weeks with the Challenge?
Thanks
Thanks
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DislikedTomas-ftmo, I understand that it is your business and your rules, but is there any special reason behind the "only" 4 weeks with the Challenge? ThanksIgnored
Disliked{quote} From their website: "If you manage NOT to violate any of the Trading Objectives (regardless of whether that is Challenge or Verification) and your final account balance being positive at the end of the trading duration, with all positions being closed, you will receive a new Challenge free of charge"Ignored
Disliked{quote} for 100k, your challenge is to get 10% in 30 days (20 trading days), the verification is to get 5% in 60 days (40 trading days)Ignored
Disliked{quote} In my view, to achieve a 5% or even 10% target in 28 days is not unreasonable with 1:100 leverage. I suppose it's really a test of skill isn't it? They are only looking for the more experienced, "pro" traders to trade their money which is understandableIgnored
Disliked{quote} Yes and 5% to 10% on 10k is not really motivational however, the same monthly gain on 300,000 now that's motivational to almost anyone. 0.7*10/100*10 000 = 700. 0.7*10/100*300 000 = 21 000. Quite a difference considering that identical strategies could be traded on both accounts. Several posts back they said that a 1M funded account was possible and would take 16 months or so to get it to about 600 000 and then I believe another 2 years to get it to the magic million, although they hinted towards faster progression based on high trading...Ignored
Disliked{quote} I hope you make it through mate. Not sure how many more days you have to go but it must be getting close. The last few weeks have been interesting to say the least. Masterrmind........Ignored
Disliked{quote} The last few weeks have been interesting to say the least. Masterrmind........Ignored
Disliked{quote} So true. Glad I’m not the only one feeling this. Leweg1 you’ve got this mate, you’ll pass. Looks like your risk control is solid on these tougher stretches.Ignored
Disliked{quote} You're doing fine but don't really know why you paid the guys an extra 200 euros - you never went anywhere near the 5% loss limit did you? You would have already achieved the target and not far away from starting to make real money! Anyway you'll get your money back eventually of course - only another 3.8% to goIgnored
Disliked{quote} thanks MT, my max daily loss has been $1430, if i was going for 50k my risk would be half of what it is now so i would have only earn't 3.1% on 50K if my thinking/calculation is right. But your on the up mate 4%Ignored
Disliked{quote} I think the only question I have left which I would like answered is: if one starts with a 50k account and gets verified, does one have to go through the whole process again if one wants another 50k account? I suppose one doesIgnored
DislikedGuys if you have multiple trades open and you're worried about exceeding your limits it's good to be able to close them all instantly. Also sometimes it's nice to be able to place instant SL and TP levels. These scripts I've attached I have found very useful in this regard! You can just click on them or drag on to your chart. If you use them don't forget to have your "autoTrading" button depressed at all times otherwise they won't work. {file} {file} {file}Ignored
DislikedGuys if you have multiple trades open and you're worried about exceeding your limits it's good to be able to close them all instantly. Also sometimes it's nice to be able to place instant SL and TP levels. These scripts I've attached I have found very useful in this regard! You can just click on them or drag on to your chart. If you use them don't forget to have your "autoTrading" button depressed at all times otherwise they won't work. {file} {file} {file}Ignored
Disliked{quote} In my view, to achieve a 5% or even 10% target in 28 days is not unreasonable with 1:100 leverage. I suppose it's really a test of skill isn't it? They are only looking for the more experienced, "pro" traders to trade their money which is understandableIgnored
Disliked{quote} in my last try, 1% loss each trade, 1:2 RR. I made 17 trades and i beat the target in three days. this is the second time. all it needs is a half decent strat with a good RR. and you'll be fine.Ignored
Disliked{quote} I dont think you can rely on doing 10% in two days with the challenge....I would atleast do 3 weeks more on demo with the strategie you are to use.....I am not trying to talk you down,but like me you have gotten into some serius trubble and almost blown up several times when trying to do 5% a day on MRDFX`S challenge.....The first rule to follow is to cut the loosers as fast as possible and that takes a lot of disipline......I had to start using a hidden stoploss so i am not able to move it cause i am very bad at taking losses and even i...Ignored
Disliked{quote} I have removed my trial TE - just wanted to prove to myself what was possible! Gives me the encouragement to give this a go. Haven't yet decided on what account size yetIgnored