5K MY FOREX FUNDS CHALLENGE
For this Challenge, I will follow some strict rules that helped me pass challenges. These are the rules:
- Only Two Trades per day Max
- Only Trade (EUR/USD, AUD/USD, GBP/USD, XAU/USD)
-
Only Trade London and New York Session
- Only Trade the 5 or 1H chart
For Risk Management this is the plan. At the start I will only be risking 0.5% of the account once I am 2% up overall on the account I start risking 1%. If I go below 2% of the account I will only be risking 0.25% of the account until I am above 2% in drawdown.
Start of the Challenge:
03/01/2023
- Risk 0.5%
- Target 1:2
- New York Time Zone
- XAU/USD
- Link to the Chart
04/01/2023
- Risk 0.5%
- Target 1:2
- London Time Zone
- XAU/USD
- Link to the Chart
Once I am up 1r on the trade I put my stop loss on the entry so, I am risk-free for that trade. Account at 5052.80 $
04/01/2023
- Risk 0.5%
- Target 1:2
- New York Time Zone
- EUR/USD
- Link to the Chart
Sadly this one was a loss. Back to 5025.94$
05/01/2023
- Risk 0.5%
- Target 1:2
- London Time Zone
- EUR/USD
- Link to the Chart
05/01/2023
- Risk 0.5%
- Target 1:2
- London Time Zone
- EUR/USD
- Link to the Chart
05/01/2023
- Risk 0.5%
- Target 1:2
- New York Timez Zone
- GBP/USD
- Link to the Chart
Last trade of the day ended up here with the account at 5030.99$
06/01/2023
- Risk 0.5%
- Target 1:2
- London Time Zone
- EUR/USD
- Link to the Chart
06/01/2023
- Risk 0.5%
- Target 1:2
- London Time Zone
- EUR/USD
- Link to the Chart