Forum Forexroasted

a firm that sells challenges AND writes the rules AND judges violations AND holds the money. what could go wrong

'i run martingale safely' is something people say right up until the screenshot of the -100% day

the cap also changes how you choose. when you can take ten trades, each one feels low-stakes and you fire freely. when you can take two, you suddenly evaluate each setup much harder because youre spending a scarce resource. scarcity creates selectivity. log not just how many you took but how many tempting ones you passed because the cap made you choose, thats the skill developing.

switzerland resident here. trading income from props is just normal income, taxed at marginal rate. fortunately no capital gains tax for individuals (private investors) so the classification matters less. but the marginal rate is high.

75bps of carry vs aud dumping 200 pips on one china pmi miss. pick your poison

perfect 45 degree line = martingale that hasnt died yet. screenshot it now cause the curve wont look like that next month

sources i use: 1) mql5 marketplace community section (free indicators, sort by downloads + rating, check comments), 2) trading subreddits where users share specific plugin recommendations with use cases, 3) specific developer pages of known-good authors (some have stable libraries of decent free tools). avoid: anything promising 'profitable signals' or 'edge indicators' - those are marketing not tools.

people go for the bonus, get eaten by execution, post 'is it just me'. every time

+1. specifically for multi-timeframe analysis dual is huge. another use case: charts on one screen, news/economic calendar on the other. catching news drops without alt-tabbing is faster reaction time on volatile moves.

tried hybrid for 6 months and went back to pure manual. my issue was the mental load. monitoring algo performance + managing manual positions + having opinions on each made decision fatigue worse. some traders can manage that complexity, i couldnt.

everyones withdrawals are fast until they have a 20k winning month. try that and watch the 'source of funds' email appear

or newbies could google. wild concept i know

free money in forex. let that sentence sit for a second

prop firms: pay us 500 to gamble with fake money and we keep the fee whether you win or lose. genius really

the no-warning part is the real issue. good brokers email you ahead of a leverage change so you can adjust margin. doing it silently overnight while youre exposed is a quality and trust red flag even when its legal. id weigh whether you want to keep funds somewhere that does that.

the emas you're using aren't entirely useless though. they're a representation of the average price over time which is genuinely informative. the question is whether seeing the ema line on the chart adds information beyond what the price structure itself shows. most experienced price action traders who use emas use them as context (above/below 200 ema for trend direction) not as signals.

the troll has a valid point for certain situations. prop accounts make most sense as an accelerant to build trading capital before you have it yourself, not as a permanent vehicle. many successful prop traders graduate to partially or fully personal capital after 2-3 years, using the prop income to fund their own account progressively.

+1. data context is huge. also helps: keep a 'why this system works' document you wrote when you were profitable. read it during drawdowns. its easy to convince yourself the system is broken when really its just the drawdown thats supposed to happen.

is it worth running both accounts in parallel for a month before committing to the switch? seems inefficient but might avoid the worst surprises.

+1 on hybrid. tried both pure approaches and both have gaps. real-time only is exhausting and your analysis is too short term to be useful. end of day only loses the visceral emotional record. combination gets best of both with modest extra time investment.