Please explain what is ... an evaluation account with a funding company with real trading emotions built in! ? All I get from the quoted is that it is NOT a live funded account, and I do not understand how "real trading emotions" are "built-in". Please explain what is ... only using executed data? +1
fwiw..again ..been there and done that in relation to volume analysis and trading for ticks I laugh now when I see all the hype about order flow and the buzz words such as icebergs..etc..load of rubbish..does nothing but prevent you from looking at what you should be looking at!!!!!!! anyway..more than one way to skin a cat..but very few ways to hold on to the money you do make..and not give it back trading without stops can work out..lIke the MES trade I done recently that made around $160 odd..but..that is BAD trading..I got filled with a buy limit order I put in just in case!!!! with MES it is not a big deal..but with ES it is .and as the goal is to test ES strategies live with MES for lower risk..then every trade has to be taken as if it were ES trading you are not going to find it easy unless you use wider stops..but..as always..current price action determines current actions..so..the stop is really just a safe guard against an erratic move..that can..and will..happen the key is in the timing..for which I found the volume analysis misleading..so in my books it was useless..and dumped right away the only true way to master it is to trade live..so..you are definitely on the right track..just make sure you are heading for the right destination
An evaluation account that I paid for has much lower risk that a live account, but it still has a monthly fee that continues each month unless I pass the test or give up. I DON'T want to keep paying evaluation fees, so I have to reach the $9000 profit target, which still represents a 9% daily ROI on the available draw down of $5000 if completed in 20 trading days (on month). If completed in 2 months, then the ROI is 4.5% PER DAY. I am going to go out on a limb and suggest that the trading emotions are at least 80% of that of a live account. Regarding the cumulative delta and the volume delta I am looking at real time and sales data, not DOM orders (which can be pulled at the last second).
Simplified... you are paying for a combine "test". If successful you get funded and will share profits you generate. Real money on the line is what you pay in fees, and that's a guaranteed loss since it is not offset by a refund if you pass, nor by profits you generate during the test, pass or fail. Also simplified... Time and sales data. Thanks for answering my questions. Good luck.
It is a demo account that you pay a fee for. You attempt to reach the companies profit objectives. If you do, you will qualify for a live account with other peoples money that you manage. At FTMO, they pay you 70% of profits made per month. If you violate one of the risk parameters for the month, they basically fire you.
I wasn't trading the stock market then, but I called the May sell off the previous March in this other forum. Used my cycle analysis. https://www.trade2win.com/threads/stock-market-sell-off-coming-in-may.234819/