03.17.2023 - Day 5 of 100 Day Challenged - N/A - no trades
03.20.2023 - Day 6 of 100 Day Challenged - N/A - no trades
03.21.2023 - Day 7 of 100 Day Challenged - SIM - 1 trade: average down.
03.22.2023 - Day 8 of 100 Day Challenged - FAILED - 2 trades: …
RTP has trader imposed trails or SL most props will let you set. I break copy trade rules and copy trade my Sim leader account use it to manage my max contract and stop loss for the day. // I just need to keep my positions tab open to make sure if sim closes the followers hit too. (Right click flatten)
The following user says Thank You to doyalalexander for this post:
Search for Equity Guard NT8 Strategy and install it to help you manage # of contracts, daily drawdown and daily profit. I hope this helps you in your trading endeavor.
The following 2 users say Thank You to benmarkal for this post:
If you don't mind my frend.
Stay away from your trading desk before you read "Best Loser Wins by Tom Hougaard".
You have to have a clear trading plan before you start.
Otherwise you'll get used to nonsense that you'll never get out of your head.
Otherwise it's just gambling.
See this picture from Tom Hougaard.
And take this steps from this Video !!!
Hope this helps
grafik
The following user says Thank You to maxmeier for this post:
Read through your thread. If I were in your shoes, I would trade the same size all the time and completely forget about adding to "winners". And trade small. Stop adding to "winners" because you don't know how far it's going to go (no one does). A few times you're right. Then one time you're wrong and it costs you the account.
Create a spreadsheet and list all your trades. Now cut the size in half and eliminate the "runners" where you added regardless the outcome.
Then do it in replay i.e. cut size in half, no runners, just trades with profit target and stop loss. Analyze the results. If you still are at risk of failure,
cut the size again all the way down to 1 lot if you have to. Calculate the worst possible scenario and take it seriously. Because that's exactly what's
going to happen over and over if you continue trade too much size. You simply can't get by the allowable drawdown.
The point is you need to have a trade size setup that survives the long term. What you're doing is destined to failure because you're trading too much size.
That's how they get you - they let you trade up to 15 lots (not sure Apex's size allocation), traders go for the gusto, and then bamm, they're out.
Trading smaller may take longer, but at least you would be more comfortable in a trade knowing that statistically, even if it's stopped, you're not out of the
ball game. Test it in replay. You might be surprised to see that it's the size you're trading that is the big problem.
The following 7 users say Thank You to phantomtrader for this post:
found an indicator that will toggle 5 EMAs .. although some of the details differ, it seems your trading strategy is very typical ..
my 2¢ is .. if you look at the requirements .. APEX's $300K evaluation account is the hardest to trade/pass ..
from APEX's website >>
the $25K account .. has a $1500 profit target and limit of 4 contracts with a $1500 trailing threshold
the $50K account .. has a $3000 profit target and limit of 10 contracts with a $2500 trailing threshold
..
the $150K account .. has a $9000 profit target and limit of 17 contracts with a $5000 trailing threshold
the $300K account .. has a $20000 profit target and limit of 35 contracts with a $7500 trailing threshold
compared to the $50K account .. the $300K account .. which is 6X greater
.. has a profit target that is 6.3X greater
.. has a contract limit that is 3.5X greater
.. has a trailing threshold that is 3X greater
I did this for each of the APEX accounts .. in my opinion, the easiest APEX eval account to pass is probably the $25K account and the hardest to pass is probably the $300K
again, my opinion .. a trader would be better suited to use a trade copier and trade 6-$50K accounts to get 6-$2500 trailing thresholds .. or effectively, a $15000 trailing threshold ..
but in the end .. nothing beats a good strategy .. good money management .. and good discipline
The following 7 users say Thank You to mewddsltd for this post:
not withstanding my previous post .. I have seen trades placed that did not make any sense ..
there have been at least two instances where my market order trade was filled at a price that was not consistent where the price was at the time
there was an instance where my profit target was cancelled just before the price reached the profit target and then the price reversed .. so the trade ended as a loser ..
I'm not sure if this is something to do with APEX .. Rithmic .. or some aberrant trade that could be explained by Order Flow Volume Profile ..
WTF 23 01 29 ES 03-23
WTF 23 03 20 ES 06-23
WTF 23 01 26 ES order
WTF 23 01 26 ES trades
The following user says Thank You to mewddsltd for this post:
@mew
The PA accounts are demo accounts - so there's no real fill.
If your PA is being mirrored, then maybe the Help Desk would like to know so they can contact their broker if they want to.
It's not your money, so you have no recourse to get an order execution corrected.
I get all that .. offered the examples to the OP so he/she checks the trades and makes sure the trades were what was expected ..
as far as my post .. I completely accept failure when it is something I did .. but these examples were two evaluation accounts that failed and one performance account failure .. for things that don't make any sense .. that is the frustrating part ..
and the learning part .. so I took it for what it was, made some adjustments and got better
The following user says Thank You to mewddsltd for this post:
