Chimelem Akani

My 2024/2025 Trading Portfolio myfxbook.com/members/Tradin…

NZDCHF from 2021 - 2025 I’m thinking Short Only Grid Based Strategies could really apply well here, especially for passing prop accounts.

USDT or USDC?

@MrBeast .

If this tweet has exactly 1 like in 24 hours I’ll give that person $1,000,000

@PropFconnect @BrightFunded Exactly what happened to me on my @InstantFunding_ account. But mine was +100 points, reached out to support, got reimbursed for the loss, then when I got to payout, they breached my account for the same loss the reimbursed me for. Crazy how prop firms are these days.

I do no recommend @BrightFunded I do first payout then I get ban, so I put review of 1 star on truspilot that helps ceo to write me and he tell me to quit the review to get the account back I did but the new account go with 1%daily loss and with this manipulation entry

@Thissstyrex From what broker? I need that please

@Tony_tradingk Unlimited

₦200k - 10M Failed❌ Was Planning To do 50rr on a 10rr Set Up and That little retracement did me dirty and I miscalculated, the 60k taken by spread. That 60k Cost me the whole move. Disasdvantage of Zero spread is the commission. Yes I know it was risky and was ready for it😀

If a Gap is formed on Monday on any USD PAIR, prioritize that Gap getting filled as superior.

@KorabiTrades The rules are becoming shitty by the day

🚨 ARE PROP FIRMS DYING? 🚨 If you’ve noticed what’s happening with a lot of firms recently, you might want to consider a live account very soon in the next coming months. Firms should be a stepping stone to build capital to fund your live accounts, but I believe a lot of people have formed bad habits blowing accounts and easily being able to just re-purchase. You can’t do that with a live account. Be careful :)

@BostonRobTrades This is good, but have you considered moving to weekly? When it comes to Trend Trading, the idea is to try and Hold those long trends for as long as possible, rather than opening new trades everyday.

Market Open Trend Strategy - Long Only Nasdaq As promised ... here is my best strategy, It's the most simple yet effective strategy I run and is a framework traders can build off of! It's based on the stat that over time the markets trend upwards. We capture those trends by getting in at the open then outperform by using adaptive position sizing and filtering out bad environments. We get in early then before the markets trend then let our winners ride. Momentum + Vwap + Sizing = Edge 1. Time: 9:30 Market Open Markets trend over time so we want to get in as early as possible to give our positions as much time as possible to be able to participate in any trends. I personally even wait for the end of the opening range to get in once the chaos has settled. Both work 2. Entry: Time & Filter Enter at market open IF - Price is above yesterdays open (Simple momentum filter) - Price is above vwap (Anchor at 18:00 session open) 3. Position Size: VWAP At entry measure how close price is to vwap measured in % then scale accordingly. Ex: 1% = min size 0.5% = med size 0.25% = max size 4. Exit: Time or Price Only close 1 of 2 ways. - Market close at 4 - 5m close below vwap 5. Bonus: % scaling IF you are using your own account and not trading via prop firms then I have yet another way you can look into boosting your performance... % sizing instead of Contract sizing. Instead of a base of 1 contract and max of 3, try using a base of 33% and a max of 100% of your account. I showed the crazy difference due to compounding gains down below. same strat, same rules, just using % instead of fixed amount. Below is the 15 year NQ backtest with cost/slippage included. I am so comfortable with dropping my strategies because these seem to be the lowest hanging fruit and most robust concepts out there. Plus I struggled for years to find profitable strategies and always wished that someone would help me out and just explain a simple one to help. Going forward I will continue to create posts like these, how I verify strats, and will also be getting into other parts of the process / biz. Thank you for all the engagement in my last few posts, I have really enjoyed connecting with the community! Question for the community: - Is it overfitting to a dataset by only trading a strategy long instead of L/S? even when both L & S are profitable? - Is it overfitting to wait for the market open to play out then automatically enter say 15m into market open instead of at the exact open to avoid volatility? my testing says its ok but would love to hear from someone who has more experience than me. #NQ #Algotrading

@RangeTrader_ It’s not even $500 bro, if you have a $500 account you could risk $100 on a trade and if you make a profit, you could get a withdrawal, but you are not guaranteed a payout on a prop firm, you could get breached for using a different IP, or breaching a max risk per trade rule.

After yesterday’s post… I realized something. A lot of traders don’t actually understand what they’re paying for in prop firms They just see: “cheap challenge” “high drawdown” and jump in No calculations or comparison to make sure they get the value of what they paid for So they prefer to pay ~$27 for access to a ~$600 account… when that same money can get you access to ~$5k elsewhere When you don’t understand value, it becomes very easy to fall for anything that looks attractive. And that’s exactly why so many traders get scammed

@TradeQuantiX The moment you place a trade, you are betting on what the universe would do.

Yes but I do everything systematically. I don’t want to bet on what a universe will do in the future. Hence why I trade systems on many universes so I’m less subject to the unlucky outcome where it does underperform the past. That said, I do think it will continue to perform well.

If you are creating a trend trading system on the NASDAQ 100, there is an inherent selection bias. We know the NASDAQ 100 has performed very well the past 15 years, so your backtest results will probably look pretty good. What we don’t know is how the NASDAQ 100 will perform over the next 15 years. If you truly believe the NASDAQ 100 will continue to perform well into the future, just know that even though your strategy is systematic, you are using discretion to pick the universe it trades. To mitigate your risk of future underperformance, it’s probably better to take that same trend system and trade it on multiple universes such as NASDAQ 100, S&P 500, Russell 1000 etc. Even if these other universes don’t perform as well in your backtest, you lower your risk of future under performance if the NASDAQ 100 is lackluster over the next 15 years. Give it some thought…

Almost there!

The owners of this firm @atlasfunded should be investigated and arrested. This firm has a 36% (1 star rating), and I’m sure that more than 50% of the (51%, 5 stars) are forced due to giveaways. This means more than 50% of the reviews are probably (1 star rated)

Before you buy a Prop Challenge from a firm, head over to trust pilot and read the 1 star reviews, if you don’t, you would be the person typing that 1 star review in a few weeks. Just read this VPS review from this guy, if it’s real then it’s real sad @AquaFunded @PropFirmMatch

@RealXavier011 Wait till you see this one.

I don't wanna laugh 😂 😂 😂 😂 😂

@TradeQuantiX and if you had the right data, then you already have the edge, AI models were never built to predict future price and they probably never will.

@TradeQuantiX I spent the whole of last year researching AI models for market prediction, and my conclusion was simple, AI models do not have the capacity to generate an informational edge, not because they are not good enough, it’s because they are fed with the wrong data.

AI just makes curve fitting easier and losing money faster. Now instead on spending months manually building your own infrastructure and strategies, you can just use ai to build it for you in hours and lose all your money that much quicker!

@dmartin_nq Breakouts are more profitable than reversals on Gold bro, Buy Only, I can’t drop the rest information here, but that should be the direction you should be looking at.

I’ve just been informed that I'm trading my strategy incorrectly! Apparently I should stop buying breakouts on Gold, tighten my SL, start day trading/scalping and switch to the superior supply and demand approach because “markets have changed.” But my backtest says this breakout strategy has been working on Gold since 2008. I have a tough call to make here. Do I trust nearly two decades of data or this veteran retail trader in my replies?

@hamza_xau Download the Volume Profile Indicator for MT5 here tradingkernel.com/product/volume…

The Volume profile is the only profitable indicator But most traders using it still lose. Here's how to use it the right way & turn it insanely profitable:🧵👇