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Forex Trade Alerts: Season 23 - Business (307) - Nairaland

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Re: Forex Trade Alerts: Season 23 by Lanshile(m): 4:54pm On May 31, 2023
I make use of something similar to mesh pip vap but a much more better version in which entry is base on calculation of candles using arithmetic with limit order only
I had to say this cos you will be wondering what calculation I'm talking about
As it is not Everytime the limit order get activated that is why I don't want to litter this place with my limit order that did not activate
but once it activate I have a high rate of it going right
It will take me in so that I can put my sl at entry and make it run that is why the loss really pain me a lot
The picture is why I don't post trade on here
Meshpips I'm in a better position to help u improve ur vap cos it is a good system
Come and resume ur posting of trades then I will be correcting u if uve made the wrong calculation but just humble yourself we are all learners when it comes to the market

2 Likes

Re: Forex Trade Alerts: Season 23 by pristinee: 4:54pm On May 31, 2023
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Re: Forex Trade Alerts: Season 23 by Lanshile(m): 4:55pm On May 31, 2023
peteregwu:


Pls, why don't you go to their discord platform or any of their platform, give them screenshot of your issue and see what they would say about it.
Okay thanks
I had to ask first cos I always get my answer here

2 Likes

Re: Forex Trade Alerts: Season 23 by Niceguy24: 4:57pm On May 31, 2023
pristinee:


So how many traders are in the top of this craft? How is this misleading when about 95% of their customers will sure fail with there rules....
I think we should stop quoting this 95% traders failure of a thing. While it's obvious most traders fail, i believe that 95% figure is exaggerated.

It's also not something we should always bring in into any discussions or arguments because its not a thing of joy. Let's think positively pls.

A trader that is part of the failed prop firm stats for this month, could be among the successful ones in the next month. This journey is all about growth.

Thanks.

8 Likes 1 Share

Re: Forex Trade Alerts: Season 23 by pristinee: 4:57pm On May 31, 2023
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3 Likes 2 Shares

Re: Forex Trade Alerts: Season 23 by pristinee: 4:58pm On May 31, 2023
Niceguy24:
I think we should stop quoting this 95% traders This journey is all about growth.

Thanks.

Ok
Re: Forex Trade Alerts: Season 23 by dmahn(m): 4:59pm On May 31, 2023
Lanshile:
I make use of something similar to mesh pip vap but a much more better version in which entry is base on calculation of candles using arithmetic with limit order only
I had to say this cos you will be wondering what calculation I'm talking about
As it is not Everytime the limit order get activated that is why I don't want to litter this place with my limit order that did not activate
but once it activate I have a high rate of it going right
It will take me in so that I can put my sl at entry and make it run that is why the loss really pain me a lot
The picture is why I don't post trade on here
Meshpips I'm in a better position to help u improve ur vap cos it is a good system
Come and resume ur posting of trades then I will be correcting u if uve made the wrong calculation but just humble yourself we are all learners when it comes to the market

Guy na overtrading I dey see here so oo.. Imagine all those orders on the 25th got triggered and went straight to SL. Is the account still save from Daily DD.. If its save then youve done well cool
Re: Forex Trade Alerts: Season 23 by teemy(m): 4:59pm On May 31, 2023
samfelly:


https://dashboard.thefundedtraderprogram.com/competitions

https://myfundedfx.tech/competitions

https://www.nostro.co/

https://contest.surgetrader.com/

https://app.alphacapitalgroup.uk/competitionlist

https://competitions.toptiertrader.com/




My Guide to Winning

Pls for most of these competitions, TODAY is the last day of registration. Please no double registration and do not tell someone using the same internet connection with you about this. ANY two logins from the same IP address are taken as double registration and you will forfeit a win. Wisdom is required.

thefundedtraderprogram
Starting balance is $100k
100 winners with first getting a $300k Challenge account plus $5k cash with the 100th position getting a $10k Challenge.
BONUS: Make 20% profit without breaking any rule to win a $25k Challenge account.
Make 70% profit to guarantee your winning position
Max lots for Forex pair is 5 lots. 3 lots for Crypto, Indices and Gold.
Maximum 5 Trades running at a time
Minimum 5 Trading Days
NO Eas!
Max Drawdown of 3% per day (based on equity growth)
Max Drawdown of 10% of your starting $100k
MT5 - ThinkMarkets

myfundedfx
Starting balance is $100k
10 winners with first getting a $300k Challenge account plus $1k cash with the 10th position getting a $25k Challenge
Make 70% profit to guarantee your winning position
Max lots for ANY pair is 5 lots.
Max OVERALL Running lots is 5 lots. (NEVER allow more than 5 lots SUMMATION on all trades. Exit some lots if you wish to trade more lots)
NO Eas!
Max Drawdown of 3% per day (based on equity growth)
Max Drawdown of 8% of your starting $100k
MT5 - EightCap

nostro
I'm having issues registering at Nostro. Seems the site is down. A good reason to not wait till last day of a deadline.

surgetrader
Surge Trader seems to have their June Contest on pause for the meantime

alphacapitalgroup
Alpha Capital seems to have stopped contests. No entry for June.

toptiertrader
Starting balance is $100k
8 winners with the first getting a $100k Challenge account till the 8th getting a $10k Challenge account
Don't lose more than 3% in a day and 10% max throughout.
Compounding as account grows is possible.
Make a profit of at least $400k on your initial $100k to guarantee yourself a win. Trading Oil helps a lot.
Trade at least 7 days. Also, Place trades at least once every 10 days.
MT4 - Vital Markets

https://www.litefinance.org/contests/demo/best (My Addition)
litefinance
Starting balance is 5k.
Several metrics are used to calculate the returns/risk ratio which determines the final winners. $4k for first prize on to $1k for fifth prize.
Try to use a max of 0.5 lots per trade and never more than 1 lots (still risky) in total for every $5k balance to lower your margin percentage used. Nothing more than 2% risk per trade.
Compounding in tranches of $5k is recommended.
The aim is to make as much money with as little drawdown as possible. Raise the 5k to 15k for assured winning.
MT4 - LiteFinance

Attached below is my Volume allocator excel file to help you with position sizing.
If you've been lucky with Surge Trader, Alpha Capital or Nostro, do let me know.

Wishing you well - Teemy

12 Likes 5 Shares

Re: Forex Trade Alerts: Season 23 by Nwadaka: 5:02pm On May 31, 2023
Lanshile:

It is not spread
I always make provision for spread
I still don't understand
I made the calculation for the major news at 3pm this afternoon and i entered the same thing on the live account
I think it may be slippage
I will have to be monitoring it when I'm trading fundamental
The way people cap about prop ehh, even people wey no account with Dem go still gt involved.

Listen bro, you took the trade before the economic released, which is flaw on your own part, you must be hit by slippage. No matter the account u are trading with expect demo account.

Try to analyze with forex.com chart on tradingview, that's the only chart that comes close to brokers charts on prop firm, each prop firms has different chart , you will get to notice that MFF Bid/ask price is different from TFT bid/ask price cuz they from different liquidity providers. But you can barely notice it , it's obvious when you are trading US30/Nas100. So for you to correct this try to use limit orders and not market order, make sure you use ur broker's chart before placing your order. Avoid high impact news when trading with prop firms, you are more likely to be hit by slippage, it's well stated on their platforms.

4 Likes

Re: Forex Trade Alerts: Season 23 by Lanshile(m): 5:04pm On May 31, 2023
dmahn:


Guy na overtrading I dey see here so oo.. Imagine all those orders on the 25th got triggered and went straight to SL. Is the account still save from Daily DD.. If its save then youve done well cool
It is safe
I only enter one trade at a time and with the 0.30 and 30 pips sl that's 90 dollars and the maximum drawdown I have is 9 pips before it reverse
Re: Forex Trade Alerts: Season 23 by Lanshile(m): 5:06pm On May 31, 2023
Nwadaka:
The way people cap about prop ehh, even people wey no account with Dem go still gt involved.

Listen bro, you took the trade before the economic released, which is flaw on your own part, you must be hit by slippage. No matter the account u are trading with expect demo account.

Try to analyze with forex.com chart on tradingview, that's the only chart that comes close to brokers charts on prop firm, each prop firms has different chart , you will get to notice that MFF Bid/ask price is different from TFT bid/ask price cuz they from different liquidity providers. But you can barely notice it , it's obvious when you are trading US30/Nas100. So for you to correct this try to use limit orders and not market order, make sure you use ur broker's chart before placing your order. Avoid high impact news when trading with prop firms, you are more likely to be hit by slippage, it's well stated on their platforms.
You don't understand what I'm talking about but thanks for ur input
Re: Forex Trade Alerts: Season 23 by Nwadaka: 5:12pm On May 31, 2023
Lanshile:

You don't understand what I'm talking about but thanks for ur input
oh I see, where u expecting that position to be triggered during JOLTS job opening? grin the spread was wide crazy at the time.
Re: Forex Trade Alerts: Season 23 by Lanshile(m): 5:16pm On May 31, 2023
Nwadaka:
oh I see, where u expecting that position to be triggered during JOLTS job opening? grin the spread was wide crazy at the time.
I placed my limit at 173.528 both on the account and my live account but i don't know how it reduced to 173.368 on the prop acct and it wasn't a mistake from my side
Re: Forex Trade Alerts: Season 23 by infofirst(m): 5:21pm On May 31, 2023
Lanshile:
Good afternoon
Please I have an issue
I placed a limit order on my propfirm account and at the same time on my live account
The point of entry was at 173.528 and it was activated on my love account but was shocked when I saw that the entry was shifted to a much more lower point on the 2nd account to that point
I cross checked and saw that I made the correct figure before closing my mt4
Infofirst,galleryeasy please I need ur input on this
The reason why I knew the fault wasn't from me is that I always draw an horizontal line to my poi and the entry point was at the line before I close my mt4

There might have been red news around the time nd their spread increased.. Try nd find out if there was news around the time

3 Likes

Re: Forex Trade Alerts: Season 23 by infofirst(m): 5:24pm On May 31, 2023
peteregwu:


Prop firm is not created for the good of traders, they are created for traders to fail. That's just the whole thing about prop firm.


Why did you say that? Traders greediness, indiscipline nd inpatience cause the mass failure.

8 Likes

Re: Forex Trade Alerts: Season 23 by Lanshile(m): 5:31pm On May 31, 2023
infofirst:


There might have been red news around the time nd their spread increased.. Try nd find out if there was news around the time
Yeah Thanks a lot
Re: Forex Trade Alerts: Season 23 by dmahn(m): 5:33pm On May 31, 2023
dmahn:
Took a very annoying $43 loss today. Normally I dey use Trading view check the amount of my RR so as to adjust my lots size. My Pepperstone live account shows that with 0.10 lot on Nasdaq, I'm only risking $25. So I believe it's going to be the same with that of my Mt5 Eightcap challenge account. But to my surprise just little movement away from price I dey see -$50. I had to accept the loss faster coz if I should hold on to it, I will end up loosing my entire account without even getting to the stop loss.

Why has Mt5 not upgraded to the entent of showing how much in $$$ we ll be loosing on a particular trade just like Trading View

Tommorow we go again o jare undecided

Risk Management is Key

I tot I was done.. Thanks to the GU sell limit order.. At least I've reduced the unintentional loss a bit

Re: Forex Trade Alerts: Season 23 by infofirst(m): 5:35pm On May 31, 2023
dmahn:


I tot I was done.. Thanks to the GU sell limit order.. At least I've reduced the unintentional loss a bit

Oil bleeding no b small thing. I think there should be some buying atleast for now
Re: Forex Trade Alerts: Season 23 by charly20(m): 5:46pm On May 31, 2023
GU has been the lagging pair this month relative to EU. If I'm skeptical about the short position on GU, today's candle in EU will reinforce my bias.

Be safe.
Re: Forex Trade Alerts: Season 23 by dmahn(m): 5:48pm On May 31, 2023
infofirst:


Oil bleeding no b small thing. I think there should be some buying atleast for now

I swear boss. The idiat no even retest the head and shoulder wey I see not to talk of picking my sell limit. I will set a buy limit if the H4 candle closes at 70.00
Re: Forex Trade Alerts: Season 23 by charly20(m): 5:49pm On May 31, 2023
dmahn:


I swear boss. The idiat no even retest the head and shoulder wey I see not to talk of picking my sell limit. I will set a buy limit if the H4 candle closes at 70.00

I let it be since the last time I called it.
Re: Forex Trade Alerts: Season 23 by Crownwealth4409(f): 5:53pm On May 31, 2023
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Re: Forex Trade Alerts: Season 23 by dmahn(m): 6:21pm On May 31, 2023
charly20:


I let it be since the last time I called it.

Omo see levels 😍. I need to change this my habit of not holding trade overnight. I'm afraid of the swap fee taking out a decent part of the profit..Charly go dey smile go bank like this grin
Re: Forex Trade Alerts: Season 23 by Lanshile(m): 6:38pm On May 31, 2023
Uj

1 Like

Re: Forex Trade Alerts: Season 23 by Elliotwaveforec: 6:45pm On May 31, 2023
Elliotwaveforec:
Withdrawing.

Risky trade after withdrawal
Closed!

1 Like

Re: Forex Trade Alerts: Season 23 by nzechu(m): 6:56pm On May 31, 2023
teemy:




My Guide to Winning

Pls for most of these competitions, TODAY is the last day of registration. Please no double registration and do not tell someone using the same internet connection with you about this. ANY two logins from the same IP address are taken as double registration and you will forfeit a win. Wisdom is required.

thefundedtraderprogram
Starting balance is $100k
100 winners with first getting a $300k Challenge account plus $5k cash with the 100th position getting a $10k Challenge.
BONUS: Make 20% profit without breaking any rule to win a $25k Challenge account.
Make 70% profit to guarantee your winning position
Max lots for Forex pair is 5 lots. 3 lots for Crypto, Indices and Gold.
Maximum 5 Trades running at a time
Minimum 5 Trading Days
NO Eas!
Max Drawdown of 3% per day (based on equity growth)
Max Drawdown of 10% of your starting $100k
MT5 - ThinkMarkets

myfundedfx
Starting balance is $100k
10 winners with first getting a $300k Challenge account plus $1k cash with the 10th position getting a $25k Challenge
Make 70% profit to guarantee your winning position
Max lots for ANY pair is 5 lots.
Max OVERALL Running lots is 5 lots. (NEVER allow more than 5 lots SUMMATION on all trades. Exit some lots if you wish to trade more lots)
NO Eas!
Max Drawdown of 3% per day (based on equity growth)
Max Drawdown of 8% of your starting $100k
MT5 - EightCap

nostro
I'm having issues registering at Nostro. Seems the site is down. A good reason to not wait till last day of a deadline.

surgetrader
Surge Trader seems to have their June Contest on pause for the meantime

alphacapitalgroup
Alpha Capital seems to have stopped contests. No entry for June.

toptiertrader
Starting balance is $100k
8 winners with the first getting a $100k Challenge account till the 8th getting a $10k Challenge account
Don't lose more than 3% in a day and 10% max throughout.
Compounding as account grows is possible.
Make a profit of at least $40k on your initial $10k to guarantee yourself a win
Trade at least 7 days. Also, Place trades at least once every 10 days.
MT4 - Vital Markets

https://www.litefinance.org/contests/demo/best/ (My Addition)
litefinance
Starting balance is 5k.
Several metrics are used to calculate the returns/risk ratio which determines the final winners. $4k for first prize on to $1k for fifth prize.
Try to use a max of 0.5 lots per trade and never more than 1 lots (still risky) in total for every $5k balance to lower your margin percentage used. Nothing more than 2% risk per trade.
Compounding in tranches of $5k is recommended.
The aim is to make as much money with as little drawdown as possible. Raise the 5k to 15k for assured winning.
MT4 - LiteFinance

Attached below is my Volume allocator excel file to help you with position sizing.
If you've been lucky with Surge Trader, Alpha Capital or Nostro, do let me know.

Wishing you well - Teemy
omo.one bottle of gulder for u, nice one

5 Likes 1 Share

Re: Forex Trade Alerts: Season 23 by peteregwu(m): 7:02pm On May 31, 2023
infofirst:



Why did you say that? Traders greediness, indiscipline nd inpatience cause the mass failure.

Well, that's another point sha.
Re: Forex Trade Alerts: Season 23 by peteregwu(m): 7:04pm On May 31, 2023
peteregwu:
On AUDJPY, from weekly timeframe, I see that AUDJPY might go for like 1000pips . I could be wrong though. I would be going short if it touches 92.158. My target is 81.743. Fingers crossed, the coming weeks would tell.

AUDJPY dropping already. I jumped in from 91.57. I am still fingers crossed

1 Like

Re: Forex Trade Alerts: Season 23 by Elliotwaveforec: 7:14pm On May 31, 2023
Elliotwaveforec:


Pullback complete, let's go to Arewa till 10467.
DXY: Target eventually hit! 100% accuracy.

1 Like

Re: Forex Trade Alerts: Season 23 by samfelly: 7:14pm On May 31, 2023
seeteazain:


Tft or mffx

You have to login to be able to see it.

For TFT, use link on the 1st page. When you are in, click the STANDINGS of which ever past competition's month you wish to view

2 Likes

Re: Forex Trade Alerts: Season 23 by samfelly: 7:16pm On May 31, 2023
raphemmanuel:
haaa shocked shocked
Where will I stand among over 80,000 traders.

I can't do that, I know my limit, no need wasting time there grin
I just registered with TFT, my target is going above 20%, since there is prize for that. (Though I don't know their account size)...

Thanks so much, you just saved me from wasting my time and my resources.

cheesy cheesy Ma fo ya (fear not). George Soros no get ten head
Re: Forex Trade Alerts: Season 23 by samfelly: 7:20pm On May 31, 2023
infofirst:


Now 1-40

Oh, I didn't know. The last time I bothered about them was last 2 months. TFT has been my area of concentration. Until I hear MFF has increased the number of winners to 100 or more before I reason them again

2 Likes

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