Prop Firm Ninja's Prop Firm Journey

[Prop Firm Ninja]

As of the start of this journal I am currently funded with Apex Trader Funding. No other prop firms at this point.
Apex Trader Funding Goal: 20 "funded" 300k accounts that pay out beyond the 3 month restricted payouts
Current status: 2 x 300k accounts funded (no payout yet), 2 x 300k evals in progress

I will be trading NQ futures as I build the account(s) and adding in others as needed to take full advantage of the full contract amounts available. ES and CL for example.

Expected first payout on the current 2 funded accounts is probably first week of June. Just depends on me and the markets.

I will also be trading my small personal account at the same time. Using a trade copier from Flowbots called Replikanto. I have it set up that my personal account is the lead and all others are follower accounts within Replikanto.

Will I be sharing my system with the group? Probably not. This is a journal and not a discussion of how to trade or how I trade. Suffice it to say that it is a trend following system that uses a very specific candlestick pattern for entries.

I will be posting screen shots of some of the trades each day along with an end of day report for the active PA accounts.

I use Ninjatrader for my trading platform. Hence the username. I have considered moving over to Quantower but I haven't fully committed to it yet. Quantower has many features I like but there are a few things they need to fix first before making the move.

My long term goal is to be funded by as many prop firms as possible. Why not just trade a personal account? I plan on doing both. Mostly because cost of entry for a prop firm account is so cheap and most are giving out 90% payouts on the profits.

 

[Chuck Rost]

Does Apex allow you to copy to retail or are you doing this on the sneak?

 

[trader221]

As of the start of this journal I am currently funded with Apex Trader Funding. No other prop firms at this point.
Apex Trader Funding Goal: 20 "funded" 300k accounts that pay out beyond the 3 month restricted payouts
Current status: 2 x 300k accounts funded (no payout yet), 2 x 300k evals in progress

I will be trading NQ futures as I build the account(s) and adding in others as needed to take full advantage of the full contract amounts available. ES and CL for example.

Expected first payout on the current 2 funded accounts is probably first week of June. Just depends on me and the markets.

I will also be trading my small personal account at the same time. Using a trade copier from Flowbots called Replikanto. I have it set up that my personal account is the lead and all others are follower accounts within Replikanto.

Will I be sharing my system with the group? Probably not. This is a journal and not a discussion of how to trade or how I trade. Suffice it to say that it is a trend following system that uses a very specific candlestick pattern for entries.

I will be posting screen shots of some of the trades each day along with an end of day report for the active PA accounts.

I use Ninjatrader for my trading platform. Hence the username. I have considered moving over to Quantower but I haven't fully committed to it yet. Quantower has many features I like but there are a few things they need to fix first before making the move.

My long term goal is to be funded by as many prop firms as possible. Why not just trade a personal account? I plan on doing both. Mostly because cost of entry for a prop firm account is so cheap and most are giving out 90% payouts on the profits.

http://bit.ly/3JZ711j15
Apex trader funding prohibits copy trading between accounts.
One of my funded accounts was disqualified because it copied trades from another account.

 

[Prop Firm Ninja]

Apex trader funding prohibits copy trading between accounts.
One of my funded accounts was disqualified because it copied trades from another account.

They sell a trade copier. LOL! I am the owner of all the accounts. This is from their site.

 

[s trader]

20 funded accounts you inspire me. Good luck.

 

[Prop Firm Ninja]

ok, so over the weekend I wrote a very simple trade manager . The red horizontal line can be placed where I want the entry, then I click the h-line button (lower right hand corner) and it turns green to let me know it is active. If I move it the line turns red again to keep from accidently entering a trade. Whatever direction price crosses the line is the direction of the trade. In auto mode the trade manager will move the stop to break even when it is supposed to, then track 3 different levels of trailing stop. First the white line is tracked, then the red line and once a specified profit target is reached it switches to track the low or high of the previous candle depending on direction of the trade. I can advance it early by clicking the "Protect Profit" button. The "Close" button doesn't close the trade. Uh... wut?? Instead it moves the stop close to the current price. The offset is set by me and is currently set for 6 ticks. I found that for me, I closed trades way too early. This allows me to move the stop very near current price but if it continues on it continues on.

First two trades I had a bug and it closed it way before it should have. LOL! The joys of coding. Too bad since they turned out to be nice runners. Fixed the bugs and the next trade was nice at about 22 points of profit. Next trade was a small loser. Next 3 I turned chicken and instead of letting it go like it should I kept hitting the break even button (bottom of screen) which moves the stop to 4 ticks beyond the entry price.

Because I was testing my code I did not trade the PA accounts today. Will do so tomorrow.

The blue ellipse is just to help me see where losing trades occur, they are added manually.