BasedMayne

Rate my setup guyys

Here is a backtest of this exact strategy, as defined by this post. -Backtest is from current day to prior 5 years. -IB defined as 6pm ET to 7pm ET -Waits for IB range to close. -IB has not yet been broken. -If low formed first, buys the mid point, stop loss is IB low, PT is IB high. -If high formed first, shorts the mid point, stop loss is IB high, PT is IB low. Pic one shows how the strat mechanically works. The second pic is the 5 yr backtest results.

No consistency rule on sim-funded E8 One accounts add-on 🚨 The only rule on payout would be minimum profitable days and minimum profit set as half of the daily drawdown. There would be a 40% consistency rule on phases, but none on sim-funded. Vote! Let the community know they can decide it!

It’s about time we just fucking say it. Props aren’t trading. They are a trading themed carnival game designed with a bent rim and a slightly overinflated basketball. So you can’t judge a trader’s skill by their prop trading skills. No real trader does in real trading what they do in props. Prop firms are great though, for new traders and traders who can’t fund themselves yet, people still learning. But also great for people who want to get an ROI on a chunk of money quickly (more on that later). Prop firms are designed on top of risk models that after a certain ROI a trader goes to live. 5x-10x and you’re at that threshold. They all are about the same. Props do not just sit back and let someone 100x their investment. You go live/get denied/soft banned, etc… They have risk teams creating that sweet spot, and setting rules/parameters that set a failure rate that secures solvency. So don’t think for a minute someone pays $300 for an eval and turns it into $1mil payout every Tuesday. Winning the lottery is more likely. Your average prop god will be doing 5x-10x their spend on average. Which means for every million they make they are spending at least $100k. Just accept it already. If you’re shocked a person spent $50k, $100k, $300k, as long as ROI is there that prop god has figured out the system. There is so much “lol I can’t believe you spent this much” or “whoa that payout is awesome how do I join discord” on my feed this week. But it seems so many here went to elementary school in the small portables behind the normal elementary school where their teacher is telling them not to eat glue instead of oh I don’t know… teaching division? So it seems my feed is full of folks that never learned to divide profit by spend to get ROI. If you are making ROI - it doesn’t matter what you bet! The prop game is who is the best and figured out how to cheese the ROI system. Great traders make excellent prop traders. But great prop traders might not be good traders. Let that sink in.