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Failed Prop Trader Rebuilding System

kbs, Mon Sep 11, 2023 11:47 pm

Hello,

I've been trading demo/prop firms consistently for 1 year. I've failed 2 auditions. I've been trading all 28 FX pairs primarily on the daily chart. I'd like to continue using daily charts, trading all symbols, and I want to pass my audition at the same firm or another one.

Here are the pieces I am missing:
- Is there a way I can filter out certain pairs that have high swap fees? Is there an indicator for this?
- I have 2 new indicators on my chart. They are designed for trading trends. I'm using iTrend as my primary confirmation and HILO channel OMA BT as my secondary confirmation. Do I need a third indicator for exits? Any suggestions?
- I am using Position Sizer for risk management. 1.5 ATR for Stop losses, first TP at 1.5 atr and 2nd TP no level. As far as risk percentages go, I don't know whether to have less positions open at 2% risk or more positions open at .5-1 % risk. Any suggestions?

Indicators used:
https://www.earnforex.com/metatrader-ex ... ion-Sizer/
viewtopic.php?p=1295454737#p1295454737
viewtopic.php?p=1295476158#p1295476158

OANDA MT4 Demo Account for Analysis
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