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Forex Trade Alerts: Season 23 - Business (205) - Nairaland

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Re: Forex Trade Alerts: Season 23 by infofirst(m): 11:12pm On May 04, 2023
realone12:
abeg let this 2% DD no hold. I use God beg una....

in trading just as too much freedom no good, na so too much restrictions no good too.

everything should be moderate and balanced to give room to good traders to emerge.

the traditional 5% ain't bad at all.

cheesy grin grin grin grin grin grin grin
Re: Forex Trade Alerts: Season 23 by samfelly: 11:33pm On May 04, 2023
PrinceofWallstr:
Lets fix date guys, I will not be in Nigeria from nextweek, it might affect my activities here. So like I said any day after 16 is cool for me cuz I will be online by then.

We have done, already (below). Let us know if it's okay by you

Tradinggiant:
ha.. boss na till 22nd oo.

samfelly:
Okay, how about we kick off on the 17th. 14 days is still 14 days with FTMO's trial, it doesn't matter if it starts at the beginning of a trading week or not. So we start on the 17th and conclude on the 31st.

@Everyone, The link to join would be active on the 14th.
Re: Forex Trade Alerts: Season 23 by charly20(m): 11:39pm On May 04, 2023
realone12:
abeg let this 2% DD no hold. I use God beg una....

in trading, just as too much freedom no good, na so too much restrictions no good too.

everything should be moderate and balanced to give room for good traders to emerge. let's not make things more difficult than it should be.

the traditional 5% DD ain't bad at all.

cheesy

4 Likes

Re: Forex Trade Alerts: Season 23 by samfelly: 11:48pm On May 04, 2023
HumbleTrader:
So way tin go happen to those of us wet no dey trade news.

Please, make me understand you. I don't know where you driving at. Do you really mean you want 15% draw down so that you can trade news in the competition?
Re: Forex Trade Alerts: Season 23 by FXcandles(m): 12:33am On May 05, 2023
After heavy drop yesterday, oil price now move flat waiting breakout. Oil price steady near 68 and consolidated in the range bands, indecision market still waiting break high or break low near bands line.

Saudi Arabia cuts oil price to Asia,The cut, to go into effect next month, represents a $0.25 per barrel cut month over month.

Re: Forex Trade Alerts: Season 23 by dmahn(m): 3:40am On May 05, 2023
PrinceofWallstr:
2% is enough for u to smash the competition bro, risking big a recipe for disaster. Im an aggressive trader like you, in all honesty swing traders are the winners in this industry, my 200k aggressive account is not making any progress but you see my swing account, I have already made 8% from it this month, a month before Easter I made 15% from swing.

No shaking boss. The 2% is for everyone so why I even dey complain grin

3 Likes

Re: Forex Trade Alerts: Season 23 by PIPSMARSHALL: 4:21am On May 05, 2023
PrinceofWallstr:
2% is enough for u to smash the competition bro, risking big a recipe for disaster. Im an aggressive trader like you, in all honesty swing traders are the winners in this industry, my 200k aggressive account is not making any progress but you see my swing account, I have already made 8% from it this month, a month before Easter I made 15% from swing.

2% daily drawdown is good. Let's use it in the contest. Remove lotsize restrictions, multiple entries leads to gambling and over risking.

Every trade is different.
Re: Forex Trade Alerts: Season 23 by Mystiquefia: 4:54am On May 05, 2023
PrinceofWallstr:
2% is enough for u to smash the competition bro, risking big a recipe for disaster. Im an aggressive trader like you, in all honesty swing traders are the winners in this industry, my 200k aggressive account is not making any progress but you see my swing account, I have already made 8% from it this month, a month before Easter I made 15% from swing.

2%DD supported Sir
Re: Forex Trade Alerts: Season 23 by Riverrun: 5:06am On May 05, 2023
PrinceofWallstr:
2% is enough for u to smash the competition bro, risking big a recipe for disaster. Im an aggressive trader like you, in all honesty swing traders are the winners in this industry, my 200k aggressive account is not making any progress but you see my swing account, I have already made 8% from it this month, a month before Easter I made 15% from swing.

If the daily DD is set at 2%, then the competition has to run for 30days not 14days else no one will likely pass.

@samfelly take note, it should run for 30days not 14days.

4 Likes

Re: Forex Trade Alerts: Season 23 by BrightFuture48: 6:14am On May 05, 2023
samfelly:


Amen!!! And also boss Infofirst for planning to throw in some rewards, as well
Boss mi; Infofirst has been continuously collecting his prayers both publicly and privately. May God preserve him and bless him abundantly.

I haven't see such a big bro with large heart, down to earth and a pillar of encouragement to many of us here.

Do you know how many traders here he has been supporting and currently supporting privately through 101 trials? May God always keep him safe and show him mercy always and other bosses here with such good heart.

5 Likes

Re: Forex Trade Alerts: Season 23 by OfficialP: 6:37am On May 05, 2023
BrightFuture48:

Boss mi; Infofirst has been continuously collecting his prayers both publicly and privately. May God preserve him and bless him abundantly.

I haven't see such a big bro with large heart, down to earth and a pillar on encouragement to many of us here.

Do you know how many traders here he has been supporting and currently supporting privately through 101 trials? May God always keep him safe and show him mercy always and other bosses here with such good heart.

You are absolutely right. it hurts me that no one (including me) have been successful with prop firm. I know this coming one will be different
Re: Forex Trade Alerts: Season 23 by BrightFuture48: 6:38am On May 05, 2023
PrinceofWallstr:
2% is enough for u to smash the competition bro, risking big a recipe for disaster. Im an aggressive trader like you, in all honesty swing traders are the winners in this industry, my 200k aggressive account is not making any progress but you see my swing account, I have already made 8% from it this month, a month before Easter I made 15% from swing.
With a cap on lot size with 0.5 max lot and 2 positions at time has technically eliminate the possibility of violating 5% DD. You can hardly violate such rule, it near impossible unless on highly volatile pairs like gold or us30 which might even take days of losing trades before such happen. Infact I don't worry much again ever since boss inforfirst inculcate that discipline.

I lost my second phase challenge 2 times due to time pressure but never thru daily DD. I believe anyone with such lot size discipline can I attest to that.

2% DD would not help much in passing the real challenge except only in funded account.

Again, it will be very difficult to implement or monitor it during the challenge.

Lots size capping has eliminate so many weakness in us, so in my opinion no need for this rule again.

4 Likes

Re: Forex Trade Alerts: Season 23 by rainlover(m): 6:40am On May 05, 2023
HumbleTrader:
Remember to include those of us that will be using an expert advisor, high equity will be needed for this,the typical 5% won't help at all, we're going to need at least 15%
5% daily DD is too high for prop account. 2% max should be fair

3 Likes

Re: Forex Trade Alerts: Season 23 by Mystiquefia: 6:45am On May 05, 2023
Riverrun:


If the daily DD is set at 2%, then the competition has to run for 30days not 14days else no one will likely pass.

@samfelly take note, it should run for 30days not 14days.

Yes this is a welcome idea too.. seeing that the rewards will be plenty, it should run for a whole month. Na there we go take know real traders wey fit stand the test of time and not gamblers.
Re: Forex Trade Alerts: Season 23 by dmahn(m): 7:23am On May 05, 2023
Mystiquefia:


Yes this is a welcome idea too.. seeing that the rewards will be plenty, it should run for a whole month. Na there we go take know real traders wey fit stand the test of time and not gamblers.
Re: Forex Trade Alerts: Season 23 by OfficialP: 7:45am On May 05, 2023
The sponsor have said how he wants th contest to be, 14 days, 2% dd and 5 winners.
including boss mi extras.

so enough of the suggestions before it leads to confusion

3 Likes

Re: Forex Trade Alerts: Season 23 by samfelly: 7:53am On May 05, 2023
PrinceofWallstr:
Ist position= $25k
2nd position =2* 10k
3rd position $10k
4th position $10k.
5th position $ 5k

I don sleep wake and it is real.

God will bless and continue to bless you, boss. Whenever and wherever you go, God's divine protections shall accompany you. Your family will flourish in every spheres of life. Thank you so much.

7 Likes

Re: Forex Trade Alerts: Season 23 by PIPSMARSHALL: 7:55am On May 05, 2023
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Re: Forex Trade Alerts: Season 23 by PIPSMARSHALL: 7:57am On May 05, 2023
OfficialP:


You are absolutely right. it hurts me that no one (including me) have been successful with prop firm. I know this coming one will be different

Trust me, as long as we ar competing to pass the challenge and not highest profits wins, then its gonna be different. The new 2% daily drawdown rule should capp the failure rate on real challenges because, you've got 6 trading days to violate max drawdown which is a better failure than daily drawdown.

I believe I will grab a prize this time, get funded and do my contributions to the fta community.

6 Likes

Re: Forex Trade Alerts: Season 23 by samfelly: 8:00am On May 05, 2023
Riverrun:
If the daily DD is set at 2%, then the competition has to run for 30days not 14days else no one will likely pass.

@samfelly take note, it should run for 30days not 14days.

Mystiquefia:
Yes this is a welcome idea too.. seeing that the rewards will be plenty, it should run for a whole month. Na there we go take know real traders wey fit stand the test of time and not gamblers.

Ok, 30 days. But, which prop firm dey do FREE TRIAL for up to that 30 days? You know any?

2 Likes

Re: Forex Trade Alerts: Season 23 by Veenbanks(m): 8:01am On May 05, 2023
2 percent daily drawdown is okay and I suggest the time frame should be elongated for a month. God's continuous blessings to the Organizers and congrats in advance to the winners.
Re: Forex Trade Alerts: Season 23 by samfelly: 8:04am On May 05, 2023
OfficialP:
The sponsor have said how he wants th contest to be, 14 days, 2% dd and 5 winners.
including boss mi extras.

so enough of the suggestions before it leads to confusion

grin grin grin grin
Re: Forex Trade Alerts: Season 23 by Donsheddy: 8:07am On May 05, 2023
What im looking at today... Bought gu

Re: Forex Trade Alerts: Season 23 by pristinee: 8:10am On May 05, 2023
samfelly:




Ok, 30 days. But, which prop firm dey do FREE TRIAL for up to that 30 days? You know any?


I don't know of any propfirm with 30 days free trial. Is it possible to use only fxblue for your monitoring analysis, though DD will be hard to monitor, and stick to only maximum DD of say 6% which could be determined on fxblue. 14 days is actually very short as mentioned.

@PrinceofWallstr
Re: Forex Trade Alerts: Season 23 by Riverrun: 8:11am On May 05, 2023
samfelly:




Ok, 30 days. But, which prop firm dey do FREE TRIAL for up to that 30 days? You know any?


Maybe every participant should open a demo $10,000 mt4 or mt5 account with whichever broker and join the contest with their username here.

Or

They use ftmo twice then combine the result.
Re: Forex Trade Alerts: Season 23 by samfelly: 8:15am On May 05, 2023
PIPSMARSHALL:
Using more than one entry is how gambling starts. Before you know you start adding to losing trades.

Nice points

ABSOLUTELY!
Re: Forex Trade Alerts: Season 23 by GarkiAccessory(m): 8:20am On May 05, 2023
PrinceofWallstr:
So we actually have bright minds here? I'm so impressed.

Lets fix date guys, I will not be in Nigeria from nextweek, it might affect my activities here. So like I said any day after 16 is cool for me cuz I will be online by then.

Have seen lots of complaints about the prize sharing, I think I need to readjust , no more Data subscriptions.

Ist position= $25k
2nd position =2* 10k
3rd position $10k
4th position $10k.
5th position $ 5k
Organizer 10k MTN data plan
All accounts ( Mff evaluation challenge account)

I will reach out to you Samfelly, please drop your email, I lost access to my Nairaland email.

Please let everyone participate and showcase their skills , let the lotsize cap not affect swing traders, I don't know if is it's possible to modify the daily drawdown to be 2%?


A million thanks Boss for your generosity. May God replenish you abundantly.

1 Like

Re: Forex Trade Alerts: Season 23 by GarkiAccessory(m): 8:22am On May 05, 2023
In my humble opinion, 3% daily DD for the same 2 weeks duration is a fair deal.
Re: Forex Trade Alerts: Season 23 by samfelly: 8:26am On May 05, 2023
PrinceofWallstr:
Amen boss! learnt from u sir, you literally made me to do that. I'm reaching out a friend to come see what Young traders are doing over here but he is kinda turning me down, just wish he will come, u go see giveaway levels.

Heard you dey UK abi US, I'm moving my Fam to Gloucester UK, if u dey UK mk we connect nah.

Nice move, chief. Nice move. Abeg, no look back, go where your tax payments work for you.
Re: Forex Trade Alerts: Season 23 by MONEY247: 8:37am On May 05, 2023
PrinceofWallstr:
So we actually have bright minds here? I'm so impressed.

Lets fix date guys, I will not be in Nigeria from nextweek, it might affect my activities here. So like I said any day after 16 is cool for me cuz I will be online by then.

Have seen lots of complaints about the prize sharing, I think I need to readjust , no more Data subscriptions.

Ist position= $25k
2nd position =2* 10k
3rd position $10k
4th position $10k.
5th position $ 5k
Organizer 10k MTN data plan
All accounts ( Mff evaluation challenge account)

I will reach out to you Samfelly, please drop your email, I lost access to my Nairaland email.

Please let everyone participate and showcase their skills , let the lotsize cap not affect swing traders, I don't know if is it's possible to modify the daily drawdown to be 2%?


Waoh... amazing...
Supporting young and future millionaire traders..is the best thing sir...
Thank you for your support.....

God bless you

1 Like

Re: Forex Trade Alerts: Season 23 by HumbleTrader: 8:45am On May 05, 2023
Swing traders are in trouble, their long term positions better work out.
Re: Forex Trade Alerts: Season 23 by HumbleTrader: 8:45am On May 05, 2023
rainlover:
5% daily DD is too high for prop account. 2% max should be fair
This is a competition, with a shorter time frame.

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