This thread is for my FTMO free retry trading journal.
Unfortunately I didn't reach the profit target in the last challenge account ( I had failed for more than 5 times in the past ) but I didn't break the daily dd/max dd rules ( this is my first time didn't break this 2 rules ! ) , and thanks god I managed to recovered my -$6xxx and get $115 positive profit to get the free retry..
By the way, I failed more than 5 times challenge in the past and all the strategies I used in the past is trading in lower time frame(M15,M30) , and I managed to recovered the losses -$6xxx is using Daily TF strategy.

I decided totally move my lower TF strategy to Daily TF strategy, and I already practice for sometimes, now it's time to give it a try.

I'll update my trades daily in this post. Wish me good luck !

jng640 wrote: Sun Sep 26, 2021 10:46 pm This thread is for my FTMO free retry trading journal.
Unfortunately I didn't reach the profit target in the last challenge account ( I had failed for more than 5 times in the past ) but I didn't break the daily dd/max dd rules ( this is my first time didn't break this 2 rules ! ) , and thanks god I managed to recovered my -$6xxx and get $115 positive profit to get the free retry..


By the way, I failed more than 5 times challenge in the past and all the strategies I used in the past is trading in lower time frame(M15,M30) , and I managed to recovered the losses -$6xxx is using Daily TF strategy.

I decided totally move my lower TF strategy to Daily TF strategy, and I already practice for sometimes, now it's time to give it a try.

I'll update my trades daily in this post. Wish me good luck !

This FTMO challenge has peeked my interest - first time hearing about this. Can you tell me more? How does it work?

For the News Events, I'll only avoid the listed below:

AUD-INTEREST RATE,EMPLOYMENT
CAD-INTEREST RATE,EMPLOYMENT,RETAL SALES,CPI
CHF-LIBOR RATE(INTEREST RATE)
EUR-INTEREST RATE,DRAGHI
GBP-INTEREST RATE,MPC VOTE,GDP
NZD-EMPLOYMENT,GDP,GDT(GLOBAL DAIRY TRADE)**,INTEREST RATE
JPY-INTEREST RATE
USD-NFP,INTEREST RATE,FOMC MEETING MINUTE,POWELL(AFTER FOMC SPEECH),CPI
METALS- USD INTEREST RATE

Deez wrote: Sun Sep 26, 2021 11:18 pm

This FTMO challenge has peeked my interest - first time hearing about this. Can you tell me more? How does it work?

I'm wondering still have someone didn't know about FTMO..
Now the day have many Proprietary Firm(Prop Firm) out there, they will fund you capital if you passed their 2-stage challenge.
prop Firm list :
1).The Funded Trader Program
2).FTMO
3).Funding Talent ( Many ppl complaint this company due to they give some reason to declined the payout, e.g. huge lot size, news scalp)
4). My Forex Fund ( Their rules not user friendly to swing trade)

Usually you have to buy the challenge, 25K,50K,100K,200K etc.
For 100K challenge the average price is around $6xx.
Usually their target is,
for stage-1: Minimum 10 trading days (some prop firm have lower requirement on this or even do not need), 8-10% target profit in 30 days(depends on which prop firm,so it's about 20 trading days per mth), max 5% daily DD(floating DD), max 10% relative DD(floating DD).

for stage-2: Minimum 10 trading days (some prop firm have lower requirement on this or even do not need),4-5% target profit in 60 days(depends on which prop firm,so it's about 40 trading days per mth),max 5% daily DD(floating DD), max 10% relative DD(floating DD).

Once you passed 2-stages of challenge, you'll get the fees refund to you when you make your first withdrawal (If you didn't break any rules/loss your funded account).

jng640 wrote: Sun Sep 26, 2021 11:42 pm I'm wondering still have someone didn't know about FTMO..
Now the day have many Proprietary Firm(Prop Firm) out there, they will fund you capital if you passed their 2-stage challenge.
prop Firm list :
1).The Funded Trader Program
2).FTMO
3).Funding Talent ( Many ppl complaint this company due to they give some reason to declined the payout, e.g. huge lot size, news scalp)
4). My Forex Fund ( Their rules not user friendly to swing trade)

Usually you have to buy the challenge, 25K,50K,100K,200K etc.
For 100K challenge the average price is around $6xx.
Usually their target is,
for stage-1: Minimum 10 trading days (some prop firm have lower requirement on this or even do not need), 8-10% target profit in 30 days(depends on which prop firm,so it's about 20 trading days per mth), max 5% daily DD(floating DD), max 10% relative DD(floating DD).

for stage-2: Minimum 10 trading days (some prop firm have lower requirement on this or even do not need),4-5% target profit in 60 days(depends on which prop firm,so it's about 40 trading days per mth),max 5% daily DD(floating DD), max 10% relative DD(floating DD).

Once you passed 2-stages of challenge, you'll get the fees refund to you when you make your first withdrawal (If you didn't break any rules/loss your funded account).

So you pay them to participate in a challenge? If you lose they keep your money?

For 100K challenge the average price is around $6xx.

Do you keep the profit you make from this 100k capital?

Nice idea for the thread. I'll be keeping an eye. I see they have recently moved the profit split to 90/10

Deez wrote: Mon Sep 27, 2021 2:11 am So you pay them to participate in a challenge? If you lose they keep your money?


Do you keep the profit you make from this 100k capital?

If you passed the challenge and get funded, you'll get 80% of the totally profit.

LuckyMac wrote: Mon Sep 27, 2021 2:16 am Nice idea for the thread. I'll be keeping an eye. I see they have recently moved the profit split to 90/10

The 90/10 is only after your funded account has been scale up, mean at least need maintain 6 mths with some percentage of profit target.. for now is 80/20.

Deez wrote: Mon Sep 27, 2021 2:11 am So you pay them to participate in a challenge? If you lose they keep your money?


Do you keep the profit you make from this 100k capital?

If you failed the challenge, you'll lose your registration fees of cuz..

As Daily TF trading, have to enter the trade 15mins before the Daily candle appear (Tues-Fri), if Monday suggest to enter trade 1-2 hrs after the market opened(as long as after the huge spread period).

Entered few trades:

Sell: USDCAD
Buy:AUDJPY,GBPJPY,US30,XPTUSD(Platinum)

I'll not going to see the chart until the very next day