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  • #2,101
  • Jan 31, 2026 2:52am Jan 31, 2026 2:52am
Quoting vidvad
{quote} I discovered Oanda has partnered with FTMO to offer an FTMO prop product to USA based traders. They offer 14 day free trial accounts, and I blew 2 of them before finally figuring out how lot sizes work in MT5 spreadbetting accounts (Gold and SP500 are NOT the same lol). This is not a "get funded" proposition. This is a straight up permanent sim environment for as long as FTMO is willing to pay you once you pass. The 200K account is $1250 USD. That's obviously a very dear price to pay for a prop account when compared to every other prop account...
Hey Vidvad, good to see you again. Since you are getting back into CFDs now, may I know what other CFD prop firms do you trust and which ones do you avoid.
  • #2,102
  • Edited 8:16am Jan 31, 2026 8:02am | Edited 8:16am
Quoting Rorex44
{quote} Hey Vidvad, good to see you again. Since you are getting back into CFDs now, may I know what other CFD prop firms do you trust and which ones do you avoid.
I'm exploring the FTMO set up with O and A. I'd not yet say I'm getting back to CFD's. Even yesterday, trading a sim environment on MT5, the spread manipulation was readily apparent to me. It was so obvious, I now wish I had recorded it and uploaded the video evidence to youtube.

I would say I really don't trust any CFD firm, especially as most appear to be headquartered in jurisdictions with questionable consumer protection.

If I do anything with FTMO it will be as a one-off because I do believe their set up, in spite of the MT5 spread manipulations in favor of the firm, offers a trader who trusts his or her edge and method, and only takes the set ups it gives, a fair opportunity to make a large payout quickly.

I'd still suggest that US based index futures are the best instrument available to those who live in countries where access is available.

I believe you said you are in India, so I have to wonder why you are still resisting trading CME listed futures? Don't both Topstep and TradeDay accept traders from India? And once you are ready for your own self-funded account, I believe Interactive Brokers and AMP Futures accept accounts from residents of India as well.
Life itself is a privilege, but to live life to the fullest is a choice
  • #2,103
  • Feb 1, 2026 3:47am Feb 1, 2026 3:47am
Quoting vidvad
{quote} I'm exploring the FTMO set up with O and A. I'd not yet say I'm getting back to CFD's. Even yesterday, trading a sim environment on MT5, the spread manipulation was readily apparent to me. It was so obvious, I now wish I had recorded it and uploaded the video evidence to youtube. I would say I really don't trust any CFD firm, especially as most appear to be headquartered in jurisdictions with questionable consumer protection. If I do anything with FTMO it will be as a one-off because I do believe their set up, in spite of the MT5 spread...
Noted. Btw I've bought a Tradeday account, since you've suggested me in the past, which is currently in evaluation stage. I'm using the 30m fixed bar strategy on gold and the equity curve is going back and forth but hopefully I'll pass it this month. Sometimes I even tried changing strategy and testing the 5 min reversal bars on NYSE open. But now I'm trying my best to resist the explorer in me and stick to one strategy first. For example your recent post on 1 min tf trade on gold caught my attention and almost made me to explore the 1 min price action, but I resisted.
  • #2,104
  • Feb 1, 2026 8:01am Feb 1, 2026 8:01am
FTMO looks like it's FOS.

It seems that one of their banned practices is adding to an already profitable position. They claim such practices are not sustainable in a real-world live account. What they mean is that they know, but won't admit, that adding to winners is the most profitable money management strategy in existence, and that it isn't sustainable for them as they will just constantly lose money to traders who are able to hold and add to their winners. This is the exact strategy that I would use for an FTMO account, so I will not be looking into them any further.

Inserted Video
Life itself is a privilege, but to live life to the fullest is a choice
  • #2,105
  • Feb 1, 2026 8:03am Feb 1, 2026 8:03am
Quoting Rorex44
{quote} Btw I've bought a Tradeday account ... hopefully I'll pass it this month.
Don't worry about passing it. Your focus should be not to lose it. Who cares how long it takes to pass it?
Life itself is a privilege, but to live life to the fullest is a choice
  • #2,106
  • Feb 1, 2026 11:25am Feb 1, 2026 11:25am
Got it, "process over outcome". Just finished watching your latest youtube video.
  • #2,107
  • Feb 6, 2026 12:34pm Feb 6, 2026 12:34pm
I've been trading micros lately when trading Gold and Naz, i.e. trading MGC and MNQ instead of the full mini's. At one point this morning while trading one of my accounts I switched my chart to the NQ to get the proper price for a buy stop to go long. I forgot to switch back to MNQ, placed the order, and the result of that trade was a blown funded account. I had just taken a payout from that account yesterday. Had I waited until today I'd still have that account.

Some mistakes are more costly than others. The mental lapses can cut deep at times.

Some say "$hit" happens," but this wasn't $hit happening to me, this was me doing it to myself.

Momentary lapses in focus are dangerous in this volatile environment.

Be mindful.

I don't mind paying another fee to do a new eval so I replace that particular account at all. I do resent the time I now have to put into sim trading for no reward while I endeavor to pass the eval. I still have my own self funded account and several other funded accounts. But losing this one bothers me because it was really mental carelessness and inattention to detail.

In short, I screwed myself.
Life itself is a privilege, but to live life to the fullest is a choice
  • #2,108
  • Feb 11, 2026 3:40pm Feb 11, 2026 3:40pm
Received an email today from TradeDay that GC will be a prohibited instrument until further notice.
Life itself is a privilege, but to live life to the fullest is a choice
  • #2,109
  • Feb 12, 2026 12:10am Feb 12, 2026 12:10am
Quoting vidvad
Received an email today from TradeDay that GC will be a prohibited instrument until further notice.
It's interesting that they've mentioned the volatility reason in the mail. But market is better now compared to the volatility before Feb. I guess they see something that we don't in near future.
  • #2,110
  • Feb 12, 2026 7:36am Feb 12, 2026 7:36am
Quoting Rorex44
{quote} It's interesting that they've mentioned the volatility reason in the mail. But market is better now compared to the volatility before Feb. I guess they see something that we don't in near future.
None of these prop firms seem to be run by traders in spite of the fact that almost all of these prop owners/founders claim to be successful traders.

I think that the concern isn't volatility. The real issue with gold and silver is the lack of liquidity resulting in enormous spreads. I have seen gold with more than a 3 point spread between bid and ask (a $300 spread) and a spread of 6 to 10 ticks is almost the norm at the moment.

Months ago gold was usually no more than a 2 tick spread during the NYC session.

Right now I haven't seen it smaller than 6 ticks in the past hour.
Life itself is a privilege, but to live life to the fullest is a choice
  • #2,111
  • Feb 12, 2026 8:01am Feb 12, 2026 8:01am
That's weird, how come they are not successful traders when they have access to all the information. Such as data from liquidity provider, top traders taking payouts from their firms etc.
  • #2,112
  • Feb 12, 2026 11:24am Feb 12, 2026 11:24am
Quoting vidvad
{quote} None of these prop firms seem to be run by traders in spite of the fact that almost all of these prop owners/founders claim to be successful traders. I think that the concern isn't volatility. The real issue with gold and silver is the lack of liquidity resulting in enormous spreads. I have seen gold with more than a 3 point spread between bid and ask (a $300 spread) and a spread of 6 to 10 ticks is almost the norm at the moment. Months ago gold was usually no more than a 2 tick spread during the NYC session. Right now I haven't seen it...
Back at the coal face I note the sp500 5 minute ORB and "Mebob" worked fine albeit you had to contend with sneaky fake pops outside of both minute methods to begin with.
I missed the entire opportunity to make money because I have just got back ( 5:15pm - UK time ) from lunching with the wife and buying things.
The point is though - keep plugging away and maintain discipline and trading time windows.
I don't post much now because I feel like I am repeating myself. But I did try these "prop" shops like Lucid trading etc but it takes me ages to make any money, I much prefer a self funded account and plug away without these weird ( to me) consistency rules etc and keep the real money profit. Some may disagree but that is fine since this is only my view which others may disagree with.
Charts are 5 and one minute UK time.
Green pips to all.
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every Saint has a past. Every Sinner has a Future
  • #2,113
  • Feb 12, 2026 2:17pm Feb 12, 2026 2:17pm
Quoting Rorex44
That's weird, how come they are not successful traders when they have access to all the information. Such as data from liquidity provider, top traders taking payouts from their firms etc.
Because none of that matters.

Have you learned nothing since landing here at Pricebob?
Life itself is a privilege, but to live life to the fullest is a choice
  • #2,114
  • Feb 12, 2026 2:31pm Feb 12, 2026 2:31pm
Quoting vidvad
{quote} Because none of that matters. Have you learned nothing since landing here at Pricebob?
Rorex44
Execution my friend...all the information in the world does a trader no good if you can't execute...

If one can't trade a simple method ex MeBob then one can't trade a methid with additional layers of rules data points etc.

Traders will trade... The prop.owners I would assume simply aren't that great of traders... Data won't make you a trader...NOR seeing or watching a good trader trade...

This is you vs you...my friend.

Stacey Burke a YouTube fella... People all the time knock him for not showing his live trades. It really doesn't matter what he can do... It will have zero effect on anyone else's ability to perform...

So all of these things data..info..copy traders etc...they are not the reason for success... You are.

Just some off the cuff thoughts
Master your Mind,,,Master the Market
  • #2,115
  • Feb 12, 2026 2:50pm Feb 12, 2026 2:50pm
Quoting vidvad
{quote} Because none of that matters. Have you learned nothing since landing here at Pricebob?
To elaborate on this further, literally nobody knows what will happen when you click that order button. Sure, the bigger players are looking to get into the market at a discount in whatever direction they require. But if you have been around long enough you see that seemingly 'predictable' events do not always push the market in the way you might expect. For example, bad news release for the USD, you'd instinctively expect the dollar to fall..... But what actually happens is it creates liquidity, which is in most cases, all you can 'predict'. The people that can actually make a difference here use the liquidity to either ditch their positions or get into new ones - and that is all that matters, and price can and does end up anywhere, but often at one of Bluesteeles levels or TimeTells trader attractors ;-)

Information can help generate an edge, but in isolation it won't make you profitable IMO. Just remember that every time you click an order, you are doing it because (hopefully) you understand your entry to be a statistical edge. The way you manage that trade in its lifecycle is another subject for discussion, but at any point you deviate from your defined edge/rules - take profit early, trail the stop because it doesn't look quite right, change your risk level etc etc - your edge is destroyed. You are now trading even more blind than you were to start with, you do not have a proven statistical edge.

In summary, more information doesn't make you profitable. Finding a proven edge, trading like a goldfish and managing your own responses to events does IMO. It seems so simple really but the truth is, it truly isn't for most of the population.

Hope that makes sense
  • #2,116
  • Feb 12, 2026 3:01pm Feb 12, 2026 3:01pm
Quoting rogerha
{quote} To elaborate on this further, literally nobody knows what will happen when you click that order button. Sure, the bigger players are looking to get into the market at a discount in whatever direction they require. But if you have been around long enough you see that seemingly 'predictable' events do not always push the market in the way you might expect. For example, bad news release for the USD, you'd instinctively expect the dollar to fall..... But what actually happens is it creates liquidity, which is in most cases, all you can 'predict'....
Incidentally Blue put it across much better and more simply than me.

Simple: Execution.

Nice one mate.
  • #2,117
  • Feb 12, 2026 3:11pm Feb 12, 2026 3:11pm
Quoting rogerha
{quote} To elaborate on this further, literally nobody knows what will happen when you click that order button. Sure, the bigger players are looking to get into the market at a discount in whatever direction they require. But if you have been around long enough you see that seemingly 'predictable' events do not always push the market in the way you might expect. For example, bad news release for the USD, you'd instinctively expect the dollar to fall..... But what actually happens is it creates liquidity, which is in most cases, all you can 'predict'....
I agree Roger..it's not easy at all...

Cheers
Master your Mind,,,Master the Market
  • #2,118
  • Feb 12, 2026 9:32pm Feb 12, 2026 9:32pm
Quoting rogerha
{quote}Sure, the bigger players are looking to get into the market at a discount in whatever direction they require.
Every market participant, even the biggest, needs other traders to come into the market afterwards in order to have a profit on any particular trade. Even the biggest can't do it all themselves. Even the biggest traders are dependent upon the future actions of others.
Life itself is a privilege, but to live life to the fullest is a choice
  • #2,119
  • Feb 13, 2026 12:42am Feb 13, 2026 12:42am
I agree with you all. One needs to have both edge and proper execution to become a profitable trader. Thanks
  • #2,120
  • Feb 13, 2026 1:40pm Feb 13, 2026 1:40pm
5 minute ORB and 5 minute "Mebob" UK time

Should have been easy trades right.
Well I messed up and managed a losing day. Must stop interfering and overtrading when my two main guys delivered.
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