{quote} @Koop -- thanks. Yes -- of course, you're right. Why worry about weekends if you can't hold trades overnight. I was curious whether others had similar concerns. Setting aside the actual limits, since prop firms have well-defined rules then I've found they lend themselves to algorithmic trading. Until recently I would mostly focus on maximizing profit -- which makes sense when trading your own account and have the luxury of waiting-out DD periods. But with prop trading you don't have that luxury and you are forced to trade differently --...
gold sell orders. Going with the trend , weekly and daily is the key. {image}
how much left to reach target?
{quote} I personally would never risk it but this sounds like a workable situation no? From live chat -- {image} {quote}
{quote} they will not give a specific answer on this. There is more money to be made managing incoming orders than to be made copying orders. I dont care how they do it, but you should consider the FTMO as a giant C-book where the company manages orders like a brokers dealing desk. This would be the most profitable way to manage the trades than to just copy them all and definitely the most risk averse given you have "rules" that stop traders from doing things when it would be more complicated to do. It also explains the whole weekend/hedging thing...
{quote} @Takisd -- you're post got me to thinking. I don't know for sure, but I highly doubt FTMO (or other prop firms) make their money from challenge schemes. The challenges are simply a way of filtering serious traders from non-serious traders. And your C-book explanation makes sense to me. I used to wonder why the FTMO folks even needed us. I mean, if they are such great traders and have access to all this money then why don't they just trade it themselves? In fact, after you get funded, the bar goes way down and you don't even have to do such...
{quote} We are already replaceable. I remember a few years ago, an article about a major London bank. Had fired something like 3,000 traders. There was also a photo of some people with the classic box of personal effects walking out of the building. Crisis? No! HFT BOT
