Ninja_On_The_Roof

The drawdown is $2500. But some folks think this is a solid number. Not realizing that there are also fees to add with each opening and closing trade. They keep going and going to some almost $2000. Then wondering why they have blown their accounts. Hey, I have $2500 for drawdown, why did you fail me, they ask. I only lost $2000. But yeah, they do not realize they have been opening and closing at least 50 trades and the fees kept adding and piling up.

This, we are not even talking about what instrument you are choosing to trade. This makes a big difference as well. ES is one story but NQ is another. It is a beast. So the risk and reward or your stoploss and target might need to be adjusted for each. Stoploss for NQ might need to be bigger to give it some breathing rooms, since it moves up and down like a nutcase on weeds.

The truth is, just because someone passes in 1 day, that does not mean at all, that this trader is going to be successful trading his or her funded account with the same way. It might just be pure luck he or she hit on the very first day, with a big win from a big drop or push. Yes, it is possible. I have done that myself and I know many traders have as well. But I blew my funded accounts as quickly as I passed. Gone with the wind. Thinking, with the same mentality and actions when I passed that I could again use with funded accounts. I was a fool. I was dumb. That is, the honest truth on my part.

If you know that your strategy is to risk 20 points and a reward ratio of 40 points, then you already know how many trades you could throw out in a day, your max trades. Only imagine, with that ratio you have, if you come in right at the start and you hit 3 losses back to back. Then, should that be an indication for you to just now stop trading for the day? If you hit 3 winners straight. Then should that also be an indication for you to now stop for the day? Not even to mention that, there are prop firms with daily capped amount, whether it is 30% or 50% based off your your given target goal.

With a 50K account, I suggest to go slow with micros. Yes, it will take longer to pass but this aint a marathon. You have 30 days to complete. Why do it in such a hurry, only to blow your accounts left and right. Screw that psychology trap of "pass in 1 day". Screw that 7 max contracts. You have it there to know that you still have the ability to add on contracts, when in deed, you really need to do so...But never, ever come in straight with max contracts. That is a disaster waiting to happen.

Trading, to some degree, is a gamble. Yes, true so but then it is a type of gamble with knowledge, sheer concentration and with educated thinking, analyzing and actions. Unlike a type of gamble when we hit Las Vegas, put $10 bucks in a slot machine and pull. That is just pure luck, if we do actually win. But again, everything in life, really is a gamble. We win. We lose. We are down. We are up. We fight with life to survive, left and right with every single decision that we make.

To me at least, in my view, the "max contract size" and the "one day pass" are purely psychological traps. Folks, especially the "desperates" and newbies, think they can just come in with maximum contracts allowed, in order to pass in just 1 day. That is insane. Only to blow them all in 1 trade or two, or in a single day.

They cant answer you because, for once, they do not know your choice of prop firm. Everyone of them has slightly different rules. Some have intraday drawdown. Some do not. Some have EOD drawdown. Some have daily loss limit and the others, dont. It does make a huge difference when it comes to this and that is just, on the surface.

The Roadmap, Scalper4, News, Atlas have been educated and posted.

Huh?🤔

What type of virus is it?

Agreed with @rcarlos1947 Loading up your chart with a bunch of indicators only spin your head like no tomorrow. You get confused and dazed, not knowing which now to follow or to "trust". These photos were just for examples that we can clearly see, sometimes, craps people have and sell on their sites for 10 and thousands of dollars or hundreds per month, are just nothing really, but just the same indicators, repackaged, renamed and re-colored to please the eyes.

They have their videos on Youtube. Of course, just because someone else has a stoploss of 100 ticks and a target of 50 ticks, that does not mean, you should follow them to the Z. Everyone is different. Everyone has different types of account sizes and pain threshold. They can withstand a 100 tick for their stoploss but you might not and probably should not. They can come in with the max allowed contracts but you might not and probably, should not.😮 Gotta adapt and adjust your trades accordingly based on your trading styles, personality, emotions and also your account sizes/capital. Just my humble 5 cents.❤️

By the way, I am a big fan of the DTB Trend Analysis indicator. I recall, Viper also has something similar to it but its limitation is on up to 4 time frames/boxes. TWST also has something similar, called TrafficLight/Traffic ATIBX. Still, I like the DTB one better as it has a wider range of time frames. However, I do not stay in my trades long. More of a scalper I am. I think it is the "reasonable" way to beat and to sustain your prop firm accounts intact with their intraday drawdown rule. Some of course, have only EOD drawdown. Noted, I try to avoid saying it is the "best" way or the "only way" to trade these prop firms that have intraday drawdown because it really aint so. There are many other ways to trade and to pass them and to of course, keep your accounts safely. Thus, with the DTB, I focus more from the 1 minute time up to 15 - 30 minutes for the most part. The rest, only there to help and to keep me informed of a bigger, overall direction of the trend.

Here's another one for example. The possibility is endless. This time, I used the DynamicDTS HeatMap instead of the Trend Dots, for the bottom charts, with all 4 common instruments, ES, NQ, YM and RTY. The top charts, I used one of those Ninza stuff, the CCI Trend Pro. Obviously, you could just use anything you desire that produces signals. Doesnt have to be this same one. Noted, this time, I left the labels on, so you can see. Unlike last time, I deleted them out so they wont clutter up my charts. But of course, I know which was which, in order of ES, NQ and YM. In reality, you dont need the labels on, as you would know and remember them in the order you created your charts. Of course, this isnt fancy and colorful as the original Synergy from Ninza, but hey, it saves you some serious bucks. Now, not to say, I would do this to trade live with my accounts. But to just show, sometimes, you can just do stuff that can mimic the same craps people sell for thousands out there.

https://workupload.com/file/7CZKtxBtVgf

Follow this.

This pack works with everything included. Start from bottom up.

Or, you could just do like this and save yourself $700 bucks to purchase this. All I did was to assign the trend dots on the bottom to each instrument. Top dots for ES, second dots for NQ and third dots for YM. Of course, you can assign more for whichever other instruments your heart desires, such as another RTY, for example. As for the top charts, each is for different instrument that matches with the trend dots down on the bottom. When everything is in sync, then it is a go. Just as the Multi-Instrument Synergy. If you have a small screen and want to save some space, then all you need to do is to merge all charts into one. Move NQ and YM up into the main ES chart. Voila, you have a complete "system" to play all day!😂

I think it is inside these ones. Not certain 100%. https://workupload.com/archive/5VeZqQX9xv

Is this the same Barbie from DHS?🤔

It could be. I remember I posted the old versions before here somewhere months ago.

Yes of course, right here...🤪 https://youtube.com/shorts/-PutJdqpBTo?si=xD6DtQAKhJ50zmBo I believe TWST can do that, with a huge and long roll-down list of various types of strategies that you can choose to tell the bot what to follow. If you really wanna do this yourself, something that I have tried in the past. Use the Ninza MACrossOver. In setting, change your numbers for the EMA or SMA or whatever types of moving averages listed from the roll-down box for 1 chart with a time frame you desire, then another one with another higher time frame. Intertwine them both together in 1 single chart for Ninjatrader. As for the S/R, supply/demand, easy stuff. There are quite many free S/R/S/D indicators out there. From the infamous Ncat, the TDU, the NinzaCo, BuySideGlobal, Trading123, Viper, XBrat, LuxAlgo... and many many more imbedded in pretty much any indicator packages. Just add them on chart. The one from Ncat actually can take trades automatically for you as well when price hits these levels. Just as the ZoneVue Pro 5. Then, use any of your favorite strategy builders to crank out your own automated robot, whether it would be the Captain Optimus or the Engine Infinity, or the PredatorX, or more sophisticated one from TDU Studio Pro or TDU Auto Strategy Builder, or BloodHound SharkIndicators... https://tradedevils-indicators.com/products/auto-strategy-builder?selling_plan=2616983751&variant=45908364591303 https://www.sharkindicators.com/products/bloodhound/ Still, my humble suggestion is to really wind down on how to automate stuff or spend way too much time on backtesting indicators, strats or bots. Just pick a few solid and LEADING indicators, make a system of your own and stick to it. How the rich would do. They find something that works best and they stick to it and they keep repeating and doing it.🤔 I am assuming you have your daily goal set up. Most importantly, I am almost sure that nobody, none of us would wanna sit and stare at our screens all day from the time market opens until market closes. That aint living our lives. We wanna be in and out as quickly as we can. We aim to hit our daily goal and we then run as fast as we can from our computers. We got a life to lead. Cats to feed, dogs to walk. Wives and husbands to cuddle. Kids to buy Robux points for their gaming obsession...😂So to me, personally, it is almost irrelevant to spend a great deal of time on running and backtesting stuff. That is just me. I am not enabling my bots on and leaving them there for a whole day or a whole month straight nonstop, 24/7. I am in and I am out, hopefully within seconds or mintues!💥 (Unfortunately and sadly enough, this is what my beloved wife has always been complaining about me in the bedroom...In & out in mintues🤪🤪🤪)

Hello, I thought it would be a good thing to create this thread which might just be informative, valuable and beneficial to many, especially with those who are just starting out with their trading journey. I am certain that some of us already have some favorite traders from whom they have been or are following each single morning to guide them with their trading activities, whether it is for educational purposes or for specific trading entries and exits as well as on how to manage the plays to the end. If we can, collectively, provide here the YouTube links of our recommended traders, who stream their trading LIVE each trading day, this would be awesome. We can all learn a thing or two from each other and their recommend traders. Of course, with all due respect to the house and our beloved Admin, we would need her permission FIRST since we do not want to be mistaken as for people affiliated with our posted links. Keep in mind though, only post ones with actual FREE LIVE TRADING and the main key thing of all this is for "EDUCATIONAL PURPOSES" only. Whether you decide to follow through with any of their "recommendations" and/or for their live "signals & alerts", that would rest entirely on your own merit and you are fully and personally responsible for your own decisions and actions. You certainly acknowledge all the risks inherent to this. As for now, I shall go first with one of mine... Thank you guys and gals.🤗

The files for NT8 can be downloaded from their site, if I remember it correctly. However, this is one of those set of indicators that couldn't be educated for quite sometimes, just as the T3 NexGen.