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  • #14,621
  • Mar 27, 2023 4:47am Mar 27, 2023 4:47am
Quoting forexbali
{quote} which trading technique are you using? I think you can pause that account and wait for payout? and trade other accounts?
Yes, I'm slowing down expecting payout at the end of this week. I also switch some accounts off (the copying) so will see.

I trade discretionally and enter at market when I see a good setup but I have no hard criteria (so cannot really automate it for example). I mainly use PA on 5-15min supported by pivots, VWAP's, Ichimoku and selected main MA's on various TF's.
Money is made by sitting, not trading
  • #14,622
  • Mar 27, 2023 5:12am Mar 27, 2023 5:12am
Quoting Vitore
{quote} Yes, I'm slowing down expecting payout at the end of this week. I also switch some accounts off (the copying) so will see. I trade discretionally and enter at market when I see a good setup but I have no hard criteria (so cannot really automate it for example). I mainly use PA on 5-15min supported by pivots, VWAP's, Ichimoku and selected main MA's on various TF's.
yes I understand you what is that... as a scalper and now swing trader, I use also 15M and 1M just to check precision, 5M not anymore.

which kind of pivots do you use? classic or traditional?
in holiday till end of November
  • #14,623
  • Mar 27, 2023 5:19am Mar 27, 2023 5:19am
Quoting Vitore
{quote} Thanks, it's just a few days, I hope I won't screw it up as usually
My friend and everyone who is experienced trader but suffer screwing accounts from time to time, you really should read "Mental game of trading" By Jared Tandler and work around your weaknesses, this happen from time to time to everyone, but you can learn how to suck less when worse time come, for example overconfidence greed or any other danger aspects.
  • #14,624
  • Mar 27, 2023 5:33am Mar 27, 2023 5:33am
Quoting forexbali
{quote} yes I understand you what is that... as a scalper and now swing trader, I use also 15M and 1M just to check precision, 5M not anymore. which kind of pivots do you use? classic or traditional?
Actually I switch from 1m up to 30 min on one chart while having 4h, daily and weekly next to it on 3 other charts to see the big picture

As for the pivots I use daily Fibonacci on the short TF chart, weekly on 4h, monthly on daily chart, and yearly on weekly

I developed my own set of indicators on cTrader which allow me to place indicators of different TF on any chart, that's quite useful
Money is made by sitting, not trading
  • #14,625
  • Mar 27, 2023 5:36am Mar 27, 2023 5:36am
Did anyone check out Consummate Traders, I think they are new
https://www.consummatetraders.com/

Their Express Lite seems to be ok.
If you make 10% within 2 months then you get funded.
DD 6%
Max Loss 10%

Will someone please take a look at them.
Thanks..
  • #14,626
  • Mar 27, 2023 5:40am Mar 27, 2023 5:40am
Quoting youngD
{quote} My friend and everyone who is experienced trader but suffer screwing accounts from time to time, you really should read "Mental game of trading" By Jared Tandler and work around your weaknesses, this happen from time to time to everyone, but you can learn how to suck less when worse time come, for example overconfidence greed or any other danger aspects.
Thanks for the tip - I actually have it on my "read next" list. I finished "Best Loser Wins" by Tom Hougaard and it was also excellent. Helped me a lot to lose less by losing more I can also recommend it
Money is made by sitting, not trading
  • #14,627
  • Mar 27, 2023 5:48am Mar 27, 2023 5:48am
Quoting Lrg
Did anyone check out Consummate Traders
-Questionable name choice.
  • #14,628
  • Mar 27, 2023 5:50am Mar 27, 2023 5:50am
Quoting forexbali
{quote} I use also 15M and 1M just to check precision, 5M not anymore.
Any particular reason for not using 5m?

For example I found out that 10m works best for me (us indices and gold), then 5m and 15m the worst I would say. But that's just my feeling
Money is made by sitting, not trading
  • #14,629
  • Mar 27, 2023 6:03am Mar 27, 2023 6:03am
Quoting Vitore
{quote} Any particular reason for not using 5m? For example I found out that 10m works best for me (us indices and gold), then 5m and 15m the worst I would say. But that's just my feeling
Because I have to take care already of many timeframes like 1H 4H etc I have to limit the number of timeframes, so when you have experience, like you do, you can imagine what is happening on a 5 m chart even just watching a 15M, 15M is perfect to have a view of what is or will happen to intraday and also give you alerts to going to check 1H time frame etc etc

so I have to limit. And so I've abandoned the 5M, also when I was doing scalping I was using just 1M and 15M for a view.
in holiday till end of November
  • #14,630
  • Mar 27, 2023 6:04am Mar 27, 2023 6:04am
Quoting Vitore
{quote} Any particular reason for not using 5m? For example I found out that 10m works best for me (us indices and gold), then 5m and 15m the worst I would say. But that's just my feeling
and yes agree, 10M charts are also very effective, I liked in the past th 45M charts and 3H that many times were giving a more accurate view of 60M and 4H,

for crypto however I'm in love with the 2H charts, 1H are not so good due to volatility, the 2H works better even with indicators I use like BB.
in holiday till end of November
  • #14,631
  • Mar 27, 2023 6:07am Mar 27, 2023 6:07am
I'm looking in tradingview an indicator like this for forex, showing the strength of each of the 7 majors

anyone know some indicator for tradingview similar to this? on MQL5 I found "fx trend" and "fx power" but still not using them,

I'm looking to check if there is something in tradingview so it can be used even on mobile app.
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in holiday till end of November
  • #14,632
  • Mar 27, 2023 10:14am Mar 27, 2023 10:14am
Quoting Vitore
{quote} Why? One example - I trade multiple accounts with multiple prop firms and I don't use MT for trading (never have and never ever will). So I copy everything from my personal cTrader master account. Also, I don't use limit or stop orders. I trade everything at market only. Edit: And when trading multiple accounts, they have various sizes too. One master account allows me to use my own (constant) balance which greatly simplifies my risk management. All I do is then maintain multiplication factors among the accounts I copy to. Much easier than...
I agree with your situation but 99% people uses within MT4.
  • #14,633
  • Mar 27, 2023 10:43am Mar 27, 2023 10:43am
Quoting sampat
{quote} I agree with your situation but 99% people uses within MT4.
Reading all the recent prop firm discord and telegram discussions I'd even say that 99% people never used anything before so they simply take what is being offered
Money is made by sitting, not trading
  • #14,634
  • Mar 27, 2023 11:18am Mar 27, 2023 11:18am
Quoting Vitore
I'd even say that 99% people never used anything before so they simply take what is being offered
-That is probably true.
I personally did not start out using Metatrader, but when I switched to trading via broker, I had no choice. I've always felt that Metatrader was archaic and limited, personally. And from what I understand now, it even seems that many brokers prefer it for questionable and unspoken reasoning.

People tend to get comfortable in their ways, especially as they get older and have more experience with a particular method or approach. I think, if I used CTrader now, that there is a strong chance that I would prefer it over Metatrader, but as most brokers/firms do not offer it, it seems likely that I would have extra hurdles to jump through and a larger learning curve just to get it going probably.

Or maybe not. I don't know. But the assumption is currently strong enough to dissuade me to look into it at the moment. If it works, don't fix it, as they say, so I would probably need more convincing. It seems now, that, even if I did want to switch, that I would not be able to use it anyway due to my country of residence. But that is a joke for another day.
  • #14,635
  • Mar 27, 2023 11:21am Mar 27, 2023 11:21am
Please anyone knows why the GER30 and Uk100 in MFF was trading with that abnormal gap?

I posted before the chart.... quite scaring, what is that?
in holiday till end of November
  • #14,636
  • Mar 27, 2023 1:08pm Mar 27, 2023 1:08pm
Quoting Nsak3y
{quote}-Questionable name choice.
Thanks..just thought I'll bring it to the attention to fellow traders here as lots of them looking out for "instant funding" and this is close to it..
  • #14,637
  • Mar 27, 2023 2:21pm Mar 27, 2023 2:21pm
Quoting Lrg
{quote} Thanks..just thought I'll bring it to the attention to fellow traders here as lots of them looking out for "instant funding" and this is close to it..
A few negative comments about them on the trustpilot site...

https://www.trustpilot.com/users/641...1a950013bcb3ac

https://www.trustpilot.com/users/634...dc8a001168b81c

https://www.trustpilot.com/users/63a...a58300121e8782
  • #14,638
  • Mar 27, 2023 5:32pm Mar 27, 2023 5:32pm
Quoting Vitore
{quote} Thanks for the tip - I actually have it on my "read next" list. I finished "Best Loser Wins" by Tom Hougaard and it was also excellent. Helped me a lot to lose less by losing more I can also recommend it
I've read "best loser wins" And the stories Tom says from his or other traders experience are really interesting, and some facts from brokers as well. But Jareds book is like different world for me. He structured everything so I became like my own mentor now, and I am aware of so many things happening with my emotions during trading that I can say after reading this book my trading was never the same. It is hard to read, takes time and practice to sort things he says about but after few months it just pays off.
  • #14,639
  • Mar 27, 2023 7:30pm Mar 27, 2023 7:30pm
Quoting Nsak3y
{quote}-Questionable name choice.
Good work bringing forward new prop firms however never touch a prop firm that offers synthetic indices .. 100% dodge.
  • #14,640
  • Mar 28, 2023 1:10am Mar 28, 2023 1:10am
Quoting Spearion
{quote} Good work bringing forward new prop firms however never touch a prop firm that offers synthetic indices .. 100% dodge.
What is the reason behind this?
I have never seen a prop offer synthetics before but it is only an option, you are not forced to trade them
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