FTMO Challenge 160k PMT

I am trading together with a good friend.
In this journal we will document our journey and trades in respect of the FTMO challenge.
We opened a FTMO challenge with 160k funding.
Challenge is to achieve 10% profit in 30 days. Max day loss allowed 5% and overall 10%.
We will execute max 3 trades a dax with a SL of 0,5% of the trading capital.
R:R should be minimal 1 and preferrable above 1,5.
We trade DAX, NQ100 and DOW based on the daily timeframe.

This journal is just for ourselves to document the trades and to help us to follow our system with discipline.

Trade 1:
Instrument: DAX
Direction of trade: Long
Entry level: 12720
Target: 13090
Stop loss: 12605
R/R: 3,22

Result: loss, SL hit -/- € 842

New balance amount: € 159.158

Trade 2:
Instrument: NQ
Direction of trade: Long
Entry level: 13770
Target: 13837
Stop loss: 13705
R/R: 1,03

Result: win, TP hit +/+ € 692

New balance amount: € 159.848

Good luck buddy.

yes mate, lets Go !!

Thanks mate!

I believe you can extend the challenge for another 2 weeks if you see you cannot succeed in 30 days. Important is to ask them to extend it not later than the 28th.
Good Luck!

Thanks for the tip!

No trades today.
System has no edge today.
Tomorrow new possibilities.

Trade 3:
Instrument: DAX
Direction of trade: Short
Entry level: 13296
Target: 13020
Stop loss: 13345
R/R: 5,59

Result: loss, SL hit -/- € 489

New balance amount: € 159.360

Trade 4:
Instrument: NQ
Direction of trade: Short
Entry level: 13571
Target: 13264
Stop loss: 13672
R/R: 3,04

Result: loss, SL hit -/- € 749

New balance amount: € 158.618

Trade 5:
Instrument: DOW
Direction of trade: Short
Entry level: 33152
Target: 32615
Stop loss: 33408
R/R: 2,1

Result: loss, SL hit -/- € 695

New balance amount: € 157.922

Trade 6:
Instrument: DAX
Direction of trade: Long
Entry level: 13742
Target: 13845
Stop loss: 13690
R/R: 1,98

Result: win, TP hit +/+ € 1.557

New balance amount: € 159.477

Trade 7:
Instrument: NQ
Direction of trade: Long
Entry level: 13530
Target: 13739
Stop loss: 13362
R/R: 1,28

Result: win, manual close +/+ € 571

New balance amount: € 160.048

Good trading result today, we are happy with that!
First time above our starting capital.
Tomorrow new chances :-)

Trade 8:
Instrument: NQ
Direction of trade: Short
Entry level: 13772
Target: 13579
Stop loss: 13870
R/R: 1,79

Result: win, +/+ € 904

New balance amount: € 160.952

Stats after week 1 in the challenge:



A profitable week and good recovery, but still a long way to go!!

Have a nice weekend.

Just wanna ask you trading with profitable results and try to do ftmo or you are trying to learn with ftmo? What got you into doing ftmo? I'm asking to learn from your experience. I am doing ftmo to learn to control my MM.

Profitable system in backtest and trying FTMO to gain serious trading capital.

Trade 9:
Instrument: DAX
Direction of trade: Short
Entry level: 13832
Target: 13560
Stop loss: 13970
R/R: 2,09

Result: loss, -/- € 984

New balance amount: € 159.968

Trade 10:
Instrument: DOW
Direction of trade: Short
Entry level: 33161
Target: 32952
Stop loss: 33357
R/R: 1,12

Result: loss, -/- € 919

New balance amount: € 159.049