Yesterday's $1,100 headroom is not today's risk budget
Your dashboard shows $1,100 above the loss floor. Why that number can be stale before your next trade.
Read on HashnodeBlog · Arnold Holm
Blog for prop challenge traders
Daily loss, drawdown, prop rules and strategy tests. Short pieces with numbers from my own tests and simulations. None of them predicts future results.
95% had no second funded account: keep four counters in your simulation
In my 24-month model about 95% of paths never reached a second funded account. What to count before the next challenge fee.
Read on HashnodeWhy can your $100,000 challenge dashboard turn green with no data?
Missing data is not a clean day. How a $2,000 daily limit can look safe when nothing was recorded.
Read on DEVYour account finished flat. Did it cross the loss limit first?
A $100,000 close can hide an earlier dip below the loss floor. Why the first crossing is what counts.
Read on HashnodeYour MT5 daily loss lock must survive recovery and reinitialization
A daily loss lock that forgets its state after a restart is no lock at all. What to check before you trust it.
Read on Hashnode$177 still open: does midnight erase your challenge loss?
My MT5 simulation still carried a $177 open loss after midnight. What a new trading day resets and what it does not.
Read0.47% a year: why your challenge target needs a different test
A test with 0.47% a year after costs is positive. It still says nothing about reaching a challenge target before a loss rule stops you.
Read on DEVYour trading bot has "0 errors". That doesn't mean it works.
Before you call a bot finished, look at what happens when the same signal appears again.
Read on MediumBefore coding a trading bot, write the case where it must do nothing
Your rules need a buy, a sell and a no-trade example. The no-trade case is the one most bots get wrong.
Read on MediumYour Donchian win rate needs a cost threshold
A win rate means little without the break-even rate after costs. A worked example from a Donchian test.
Read on Medium6 viral strategies tested
5 of 6 were below break-even after costs in this simulation under stated costs. Six frozen historical tests with the files.
ReadYour MT5 tester and your terminal do not share a daily loss lock
A loss lock that works in the Strategy Tester needs its own check on the terminal that trades your account.
Read on MediumSurviving the prop firm challenge: why clean code beats high win rates
Why a bot that keeps every rule matters more in a challenge than a strategy with a high win rate.
Read on MediumWrite the trading rules before the EA
Turn entries, exits and sizing into decisions a bot can follow, before anyone writes code.
ReadTest report: Opening Range Breakout, 12 months on MT5
An unedited MT5 Strategy Tester export with three rule cases and one open point. A sample of what you get.
ReadWant your own strategy to keep its limit?
I build your rules as an MT5 bot with a daily-loss lock. Free demo first if you like.