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Congratulations, Alan!
Happy to see your results! Keep it up!
One question, how come the Max loss is smaller than the Daily loss you had? 🙂
Hi Petko,
Good question! The max Daily loss is the max draw down during a trading session. When the daily draw down was getting close to the Daily loss limit I quite trading for the day so I wouldn’t go pass the max loss amount. On the next trading day the Daily loss is reset to zero so you again have a max daily drawdown limit of $500. Max Loss is the the max loss below the initial starting balance of the account.  Hope this helps!
Hey Alan,
Thanks for the clarification. 🙂 I passed a challenge myself and did my best to record a few videos about it. I will publish one tomorrow, I hope it helps, but it is for manual trading. I am working now on algorithmic trading, and I will surprise you with something shortly.
Here is the first video for Youtube:
The course is live on the website as well:
The part for the algorithmic trading will be added later.
Cheers,
Well Done Alan, that’s a great achievement.
Stick to your plan for the evaluation and it’s looking like you have a really good chance of landing the account. Keep us posted
Dear Petko,
I started going through your “The Complete FTMO Challenge Course: Get Funded Quickly” course. In the first or second lecture you mention that you have already discussed your 4 setups. However, I don’t seem to be able to find your 4 setups. Where are they located?
Awesome Alan, well done. You clearly have an edge and are practicing good risk management and consistency in what you are doing.
That first paycheck is certainly going to feel great and be well deserved!
That is great! Can you share a bit more about the trading strategies you used? Like did you use EAs, or manual trading, what time frames and assets are you trading, etc.
It would be useful to everyone reading this Forum topic.
I used 10 M15 EURUSD EAs and 10 GPDUSD EAs, I failed the verification by a margin of Max Daily Loss. I will try again and definitely share my full strategies when I get funded.
Hey Augustine,
Glad to hear from you. I guess you used too many EAs, and if a few it the SL on the same day, you would exceed the max loss permitted.
You better lower the number of EAs or the lots traded.
Augustine – This is exactly why I have been pressing Petko (see “EA Studio Updates” topic) to have the overall risk in percent and in dollars added to the Portfolio Stats. This way it would be possible to set the proper lot size so that the overall risk i.e. daily drawdown is not violated. Right now this has to be done manually looking at the SL of each of the 10 strategies within the Portfolio and calculating total risk and then set the lot size of the Portfolio so the daily drawdown risk is not violated.
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