UPDATE
Nominal Assets Under Management (AUM)
FTP = $12,500
Surge = $25,000
CTI = $20,000
Total = $57,500
Nominal Assets Under Management (AUM)
FTP = $12,500
Surge = $25,000
CTI = $20,000
Total = $57,500
In my quest to automate everything I am testing a new strategy on the H4 time frame which has so far made money even though the win rate is 50/50
I'll do this for 125 completed trades and then have some data to work with.
The current EA on the 3 live accounts is having a nightmare of a week, with a lot of false breakouts due to markets going sideways ahead of the FOMC and US CPI. We have also had headline news risk from comments coming out of the central bankers that have been speaking at the IMF etc,
I'll do this for 125 completed trades and then have some data to work with.
The current EA on the 3 live accounts is having a nightmare of a week, with a lot of false breakouts due to markets going sideways ahead of the FOMC and US CPI. We have also had headline news risk from comments coming out of the central bankers that have been speaking at the IMF etc,
CTI account blown up!
Sounds dramatic and I guess it is. But the truth is it was dying a death by a thousand cuts.
First of all, here is the warning.
I hope you’re well and we value your enrolment into our Funded Trader Program.
As a valued customer, we would like to notify you that our Risk Management System has closed your position USTEC with ticket number 1168685 due to exceeding 1.5% risk of Initial Account Balance.
We would like to remind you that any position must not exceed 1.5% x 20 000.00 = $300.00.
Please be aware that we allow up to 2 warnings before disqualification from our Funded Trader Program.
On the 3rd time breaking this rule, you will be disqualified and your Funded Account will be terminated without prior notice for frequent violations of the 1.5% risk per position rule.
Please reduce your risk to prevent disqualification.
Here is the termination.
We are sorry we had to terminate your account due to breaching the Max Absolute Drawdown Rule.
We strongly suggest that you review your risk management plan and make the necessary amendments to adapt to our risk management guidelines before signing up again for one of our funding programs.
We completely understand how disappointed you must feel.
We are traders ourselves, and we have experienced many blow-ups and setbacks in our trading. The most important thing is to extract all the lessons and keep improving.
What makes CTI unique is that we genuinely want you to succeed as a Funded Trader and that’s why we have built a free a course to help you develop your risk management and, most importantly your trading psychology.
We decided to offer this complimentary course so that you can start improving right away without having to fork out more of your hard-earned money.
In this free course, you will learn: 
I had two choices today. Turn the CTI platform off or go full-tilt myself. I chose Full Tilt and made some discretionary trades on Nasdaq. Now I could have taken these trades and made money, as I also took the trade on my FTP account. I happened to go too big on CTI and that's when they started closing trades. If they had just left them, I would have made all my money back for the morning. But I was too big and hit their limits. So I take full responsibility of course.
Whilst I have been pushing the EA on these 3 accounts I have also been testing a manual strategy on a demo account. This is on the H4 time frame rather than the m30. It has very few signals. The RRR is 1:2, with a Breakeven at 1:1. This sort of strategy would be a better one for CTI as it would max out the profits and limit the commissions. That's what I am thinking anyway. So I'll come back to CTI when I have fully fwd tested this new strategy. In the meantime, I am leaving Surge to do its thing and I am pushing for a 10% increase on FTP to see if I can get a scale up.
Sounds dramatic and I guess it is. But the truth is it was dying a death by a thousand cuts.
First of all, here is the warning.
I hope you’re well and we value your enrolment into our Funded Trader Program.
As a valued customer, we would like to notify you that our Risk Management System has closed your position USTEC with ticket number 1168685 due to exceeding 1.5% risk of Initial Account Balance.
We would like to remind you that any position must not exceed 1.5% x 20 000.00 = $300.00.
Please be aware that we allow up to 2 warnings before disqualification from our Funded Trader Program.
On the 3rd time breaking this rule, you will be disqualified and your Funded Account will be terminated without prior notice for frequent violations of the 1.5% risk per position rule.
Please reduce your risk to prevent disqualification.
Here is the termination.
We are sorry we had to terminate your account due to breaching the Max Absolute Drawdown Rule.
We strongly suggest that you review your risk management plan and make the necessary amendments to adapt to our risk management guidelines before signing up again for one of our funding programs.
We completely understand how disappointed you must feel.
We are traders ourselves, and we have experienced many blow-ups and setbacks in our trading. The most important thing is to extract all the lessons and keep improving.
What makes CTI unique is that we genuinely want you to succeed as a Funded Trader and that’s why we have built a free a course to help you develop your risk management and, most importantly your trading psychology.
We decided to offer this complimentary course so that you can start improving right away without having to fork out more of your hard-earned money.
In this free course, you will learn:
- How to approach trading with CTI with the correct mindset
- Best practices on how to manage your risk to ensure your success
- Case Studies on failed evaluation and account review
- Psychology course focused on Greed and Fear that drive our decision-making process
Here is what I did today.
I have been running the same strategy across three accounts, as detailed in previous posts. The CTI account has been lagging even when the strategy had been making money on the other accounts. The only reason for this is the level of commissions paid. Each trade idea with the EA opens 3 positions. Today was pretty crazy in the USDJPY as we approach 150.00, as the world is expecting the BoJ to step in. I don't know if it's a liquidity problem up here or whether the algos are on full tilt, but the outcome was I was stopped out numerous times in the first 2 hours of trading today. The frustration didn't come from being stopped out but that the other two accounts for some reason were not getting stopped out as much.
I had two choices today. Turn the CTI platform off or go full-tilt myself. I chose Full Tilt and made some discretionary trades on Nasdaq. Now I could have taken these trades and made money, as I also took the trade on my FTP account. I happened to go too big on CTI and that's when they started closing trades. If they had just left them, I would have made all my money back for the morning. But I was too big and hit their limits. So I take full responsibility of course.
Whilst I have been pushing the EA on these 3 accounts I have also been testing a manual strategy on a demo account. This is on the H4 time frame rather than the m30. It has very few signals. The RRR is 1:2, with a Breakeven at 1:1. This sort of strategy would be a better one for CTI as it would max out the profits and limit the commissions. That's what I am thinking anyway. So I'll come back to CTI when I have fully fwd tested this new strategy. In the meantime, I am leaving Surge to do its thing and I am pushing for a 10% increase on FTP to see if I can get a scale up.
- #52
- Last Post: Feb 23, 2023 8:05am Feb 23, 2023 8:05am
I was a dick for a tick, because I wanted my EA to trade itself all alone.
Earlier today my EJ short hit the profit target, and then around the start of the US session, my UJ hit the profit target.
Leaving only GJ to not work out.
So here is my internal problem.
I saw the flush lower and EJ hit the target, with GJ also falling hard. I saw the bid come down and seemingly touch the TP line but didn't get the win at the close of the 5-minute candle. My thinking for not closing right then was, let us leave the EA to do the work as if I were not present. Maybe I was out shopping, or maybe I was eating lunch with friends. But I wasn't. What I did do was move to BE thinking I didn't want to turn a winner into a loser.
So many times I have moved to Break Even and been stopped out. So many times if I had just closed the trade instead I would have made 95% of my target for the trade.
Even though this is not a losing trade, I effectively lost 90% of my profits from the time I decided to go to Break Even.
Take my advice, if you are nearly at TP, and the thrust lower or higher doesn't quite hit the target. Close the trade, don't wait, don't get to BE and don't let it hit your stop loss.
Obviously talking to myself, you guys can do what you want
https://www.macrobriefing.com/post/d...ick-for-a-tick - the post above inspired me to write a longer blog post
Earlier today my EJ short hit the profit target, and then around the start of the US session, my UJ hit the profit target.
Leaving only GJ to not work out.
So here is my internal problem.
I saw the flush lower and EJ hit the target, with GJ also falling hard. I saw the bid come down and seemingly touch the TP line but didn't get the win at the close of the 5-minute candle. My thinking for not closing right then was, let us leave the EA to do the work as if I were not present. Maybe I was out shopping, or maybe I was eating lunch with friends. But I wasn't. What I did do was move to BE thinking I didn't want to turn a winner into a loser.
So many times I have moved to Break Even and been stopped out. So many times if I had just closed the trade instead I would have made 95% of my target for the trade.
Even though this is not a losing trade, I effectively lost 90% of my profits from the time I decided to go to Break Even.
Take my advice, if you are nearly at TP, and the thrust lower or higher doesn't quite hit the target. Close the trade, don't wait, don't get to BE and don't let it hit your stop loss.
Obviously talking to myself, you guys can do what you want
https://www.macrobriefing.com/post/d...ick-for-a-tick - the post above inspired me to write a longer blog post