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GermanSeeking Advice: Developing a Strategy for Prop Firm Challenge Exams
3 replies
macaufatboyfood
9 months ago #287352
Hello fellow traders,
I’m preparing for a prop firm challenge exam and looking for advice on developing a robust trading strategy. Specifically, I’m trying to figure out how to create a strategy that can pass the challenge while avoiding common pitfalls like hitting daily loss limits or maximum drawdown thresholds.
Some key points I’m considering:
- Daily loss limit: How can I structure my trades to avoid hitting the typical 5% daily loss limit?
- Maximum drawdown: What techniques can I use to keep my overall drawdown under the common 10% threshold? ( I know we can dismiss those over Max DD%>=10% strategy during testing in SQX)
- Risk management: What are some effective ways to manage risk without overly limiting potential gains?
- Consistency: How can I develop a strategy that performs consistently throughout the challenge period?
- Adapting to different market conditions: What approaches work well for maintaining performance across varying market environments?
- Position sizing: Any tips on optimal position sizing to balance risk and reward?
- Stop loss placement: How should I approach setting stop losses to protect capital while allowing trades room to breathe?
If you’ve successfully passed a prop firm challenge, I’d love to hear about your experience and any strategies that worked well for you. Any advice, tips, or resources would be greatly appreciated!
Thank you in advance for your insights!
ivan chavelas
9 months ago #287375
Very interesting post, if I find something related to that I will gladly share it with you
Theo Gottwald
8 months ago #287728
I did not yet develope the Holy Grail Strategy” that can foresee the future but i would like to share some insights:
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Video: The only Risk Management for Prop Firms that you need
Video: Secret Strategy that passes any Prop Firm Test
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Theo Gottwald
8 months ago #287858
Ok, i think i have found what you need.
Check this:
5-Robots Package for Prop Firms
**Mit besten Grüßen | With best regards | Cordiali saluti**
**Theo Gottwald**
*Leading Expert in SPR & Visual Automation*
???? **What's New in the Q4 Update?**
1️⃣ Open AI Vision: Empower your SPR with cutting-edge visual recognition. See the unseen. ????????
2️⃣ Open AI TTS: Seamlessly transform text into natural, lifelike speech. Hear the difference. ????️????
3️⃣ GPT-4 with 128k Token Context Window by OpenAI: Dive into unparalleled depth in AI conversations. Think deeper. ????????
4️⃣ DALLE-3 by OpenAI: Command revolutionary AI to generate stunning images. Imagine more. ????️????
5️⃣ ElevenLabs Text to Speech: Experience text-to-speech so lifelike, it speaks to you. ????️
6️⃣ Stable Diffusion Local & Online via Automatic1111: Unlock creativity with both local and cloud-based image generation. Create anywhere. ☁️????
7️⃣ GPT4All & LM Studio: Harness powerful offline AI capabilities. Your studio, smarter. ????️????
8️⃣ DeepL Translator with SPR Integration: Achieve real-time, accurate translations. Speak the world's language. ????????
9️⃣ ChatGPT by OpenAI: Engage with your SPR through natural, dynamic conversations. Connect genuinely. ????️
???? WHISPER by OpenAI: Convert voice to text with effortless precision. Listen, transcribe, act. ????️????
???? Mistral AI: Scale your AI integration with seamless efficiency. Elevate your AI journey. ????????
???? Claude 3 by Anthropic: Experience next-level AI understanding and interactivity. Discover AI with a human touch. ????????
???? **Address:**
Herrenstr. 11, 76706 Dettenheim, Germany
???? **Phone:**
Office: +49 (7247) 9851112
Mobile: +49 160 6688 222
Fax: +49 (7247) 9851113
???? **Email:**
[[email protected]](mailto:[email protected])
???? **Websites:**
[IT-Berater](http://www.it-berater.org) | [Smart Package](http://www.smart-package.com)
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