Earn 2 Trade the gauntlet

what do you mean 30% versus 20%

 

Minimum profit split is 70/30. You can receive up to 80/20, which most who have good R:R will receive.

 

i dont think the issue is the profit split thats inline with the competition. Its the unknown reward perimeters of the test.

 

I think we can agree it all comes down to how you trade....

 

Three questions for Ryan (earn2trade) on the new Gauntlet and Helios trading rules sent out this morning.

1. You said that the Gauntlet will end with a 10% drawdown. Is the "Drawdown" calculated at the end of the trading day or "intraday" after each closed trade or even if the "open" loss in an active trade gets the account below the $22,500 balance.

2. A trader gets off to a good start and increases the Gauntlet balance to $30,000 then loses $3,100 to a $26,900 balance. Is the trader kicked out of the Gauntlet because he/she had more than a 10% drawdown but remains in a net profit position?

3. Helios also wants to see a "Profit to Drawdown Ratio" of 1.5 to 1.0. Is the "Drawdown" calculated only from the reduction of the initial $25,000 and is the "Profit" the amount above $25,000 at the end of the Gauntlet. For example the low point of the Gauntlet was $24,000 and the ending Gaunlet balance was $29,000. Is that a "Profit to Drawdown Ratio" of 4.0 to 1.0

 

1) It includes open trade equity

2) No, it's not trailing. In this case they have a lot more room.

3) The main drawdown they look at is from the starting capital and yes

 

another variable to determine the award is the plan you select up front.

 

If by plan you mean the trading plan and rules you set for yourself, they can only serve to make your offer better, not worse.

 

I wish I had chosen freestyle...

 

You gain nothing by freestyle.