Billytt Die happy trading e/j daily breakout

Quoting ia1979

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{quote} Thanks. Yeah looks the spreads are definitely different. Paul has been negative on that thread for a while. Some of his points are valid but a lot of it seems to be useless as well as baseless. The way I see it is, I pay them 500 for one attempt. If I pass it, this fee gets refunded plus the profit potential is pretty decent. If I fail it, it is only 500, which is like one bad morning trading GU with my own money. And you are right, it really needs a mechanical approach. Have a mental stop loss for the day. Once hit, move on. Come back tomorrow....

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Quoting lemercenaire

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{quote} Used to be they didn't allow you to keep making your profits with one-shotters per day - ie one 50 Lot banger. They saw that as guessing and they are looking for Steady-Eadies. We Aliens have been having a discussion over in The Other Galaxy about this stuff.

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Quoting ia1979

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{quote} Cheers Lem. I'll pop in and say hello . Saw on the official thread that a guy who manages a 300k account is on 100k profit this month. He must have had a few large lot trades in there.

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Quoting lemercenaire

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{quote} I see you have done some searching and yes, you're on the mark. I will run fibs inside fibs basically to identify trigger zones for fine-tuning Z-Lines. They are also useful for Wick-Zone turning/hesitation points and I would use them originally with my Dead Zone trades.

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Quoting ia1979

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Nicely done on the FTMO account (you absolutely smashed it lol). I have recently passed the 100k challenge (had to generate 10k profit within 1 calendar month), without losing 5k in one day or 10k in the month.

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Quoting ia1979

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{quote} Nicely done on the FTMO account (you absolutely smashed it lol). I have recently passed the 100k challenge (had to generate 10k profit within 1 calendar month), without losing 5k in one day or 10k in the month. It was a lot harder than I thought, especially due to the daily drawdown limit. The most I lost was 3.5k in one day. Then I started being extra careful after that. Came down to the very last day before I managed to pass it. Doing the verification phase now, which is 5k profit within 2 calendar months. Drawdown parameters remain the...

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Quoting lddd

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{quote} I was looking at FTMO some time ago and some of the other proprietary trading providers. From what i found FTMO seems to be the best at least. What worries me is that you not only trade against the market (which is already hard enough) no, you also have to play accordingly to their own TOS. There are some ridiculous rules if you read through the small prints. So they can can kick you out at any time if they want to (they will find a reason easily) + you never trade a real live account? You keep trading a demo account and they will copy the...

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Quoting ia1979

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{quote} Thanks. The statistics are even higher in their favour. They have openly conceded on their thread that 92% of people fail their evaluation. I don't think the challenge is impossible, but the fact that you only have around 22 days to make 10%, and that you cannot trade any red news events, certainly makes it tough. Although I am not a fan of their max daily drawdown limit of 5%, I believe it has instilled a bit of discipline in me.

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Quoting lddd

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{quote} You are exactly right. The strict drawdown limits and rules regarding news are a challenge on it's own. I do not have a strategy for it. The BillyBar at 1% / Pip would probably exceed the drawdown limit. Funny, there are people who already made a business from it. For example look at this offer https://www.fiverr.com/diteshpatel/p...ftmo-challenge "I will help you get funded with FTMO. I only do 50k and 100k challenge. I use an EA to pass the challenge." "Only" €878.47 to get to a 100k funded account achieved by a robot....

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Quoting ia1979

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{quote} He should just use his EA to pass this test 4 times and have 400k under his management. And then use his magical EA for wonderful gains each month. Makes you wonder why he’s selling his services for 800 lol. Once you have paid him the money, he’ll probably Martingale the hell out of your account. Some he will help pass, and some (most) will probably fail. But you’ll have no recourse at all.

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Quoting claudia1

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{quote} Waste of time and money. Just need a simple plan and V6 will do the work. How about S&P?

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Quoting ia1979

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AJ 12-2am (UK time) range break. A couple of people have reached out and said they were unable to open my AJ set file I posted a few days ago. I have attached a screenshot with some brief annotations. Any questions, just ask. Trade worked out very well today with minimal drawdown. Cheers Claudia for the intro to this . {image}

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Quoting MichaelG

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{quote} Hi Mate. Just a quick question if you don't mind. My interpretation of this 2 hour range that Claudia first introduced me too, was that it was the first 2 Hour range AFTER NY close. (highlighted in Red on my chart) But you have mentioned that you are taking the 12-2am UK time as the range.....which would be the range highlighted in Blue on my chart. Is that correct? and if so......Claudia, if you read this.....would that be correct please? Just trying to get my ducks in a row here. Signed. Confused lol. {image}

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Quoting MichaelG

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{quote} Hi Mate. Just a quick question if you don't mind. My interpretation of this 2 hour range that Claudia first introduced me too, was that it was the first 2 Hour range AFTER NY close. (highlighted in Red on my chart) But you have mentioned that you are taking the 12-2am UK time as the range.....which would be the range highlighted in Blue on my chart. Is that correct? and if so......Claudia, if you read this.....would that be correct please? Just trying to get my ducks in a row here. Signed. Confused lol. {image}

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Quoting claudia1

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{quote} Don't worry it's me changing things. Both breaks are valid - at the moment I prefer 00.00-02.00 being the blue arrow. As always there is no perfect answer. Just saw TS posted as I'm writing. He's not wrong !

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Quoting MichaelG

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{quote} Hi Mate. Just a quick question if you don't mind. My interpretation of this 2 hour range that Claudia first introduced me too, was that it was the first 2 Hour range AFTER NY close. (highlighted in Red on my chart) But you have mentioned that you are taking the 12-2am UK time as the range.....which would be the range highlighted in Blue on my chart. Is that correct? and if so......Claudia, if you read this.....would that be correct please? Just trying to get my ducks in a row here. Signed. Confused lol. {image}

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Quoting ia1979

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{quote} Have looked at that before for range break but Lem had suggested the US30 instead I think. Break of 12-1pm range. I’ve played about with it but can’t seem to get consistent results. I think AJ at night and/or FTSE in the morning will hopefully do the trick. I’ve set up a 15 lot trade on AJ for tonight using the EA, 15 pips SL and trail starts after 15 pips profit. 1st break only. This is a brand new challenge account that I’m just starting today. I’ll try and run this one fully automated. By the morning I’ll either be 2.25% closer to the...

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Quoting ia1979

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{quote} AJ short (large trade) lost last night, but FTSE long (smaller trade) was a winner this morning. Claudia if this was you, would you take 2 breaks on AJ per night, or just 1. A small sample I checked recently suggested 1 break was better but would love to hear your thoughts. And I didn’t know what to aim for on FTSE so I went for +5 lol. Does that seem reasonable? Thanks

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