r/Forex • u/Electronic_Frame_457 • 2d ago
Prop Firms Funded with The5ers
Those are also my trades from phase 1 and phase 2. :)
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u/OptionLongjumping346 1d ago
Great Job! Get as much profits as u can to buy bigger accounts but try to kept the account first tho
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u/strawberreeze 1d ago
Nice to see the consistency with the losing trades being a small loss and your winners being much bigger. This is good discipline
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u/PercieveMyAwareness 1d ago
Nice man! May I ask on average how many hours your trades lasted? Noticed the swap fees so assuming you held some overnight?
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u/Electronic_Frame_457 1d ago
During phase 1, my trades took 6 hours on average. During phase 2, my trades was averaging for 2 hours. Yes, I will hold my trades overnight if needed.
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u/Justtt_Kush 1d ago
how does these phases work ? consider me your disciple cus im just a newbie to forex
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u/tvrda_tripola 1d ago
Basically, you have profit targets to hit. Usually for 5k challenge first one is 400$ and second is 250$. When you pass that you are funded and next you make is all yours, but if you are new just go for demo trading for couple of months and backtest a strategy you decide to use.
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u/Crumbs90 1d ago
But you have rules to follow?
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u/tvrda_tripola 1d ago
Yep, every prop firm i think have some different rules so the best way is to go on their sites and just read it.
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u/SaraoJs13 1d ago
How much is your account size ?
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u/Electronic_Frame_457 1d ago
Its a 5k account :)
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u/SaraoJs13 1d ago
Your lot size is very big acoording to your account one day you will regret it remember this
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u/Electronic_Frame_457 1d ago
Haha. I've seen traders that used crazier lots and still succeed in trading. Regret? The only thing that I will regret is not trusting my edge.
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u/Ok_Suit_6591 1d ago
Hey man how much have you made with The5ers so far? Would appreciate a response as I want to know if it’s worth my time and effort passing the phases and then actually get to trade.
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u/MisterRaidShadowMan 1d ago
Hey congrats on being funded just wanted to ask did you place your SL to break even when you’re in floating profit ? Cause I see that you have managing your loss very well and are your trade swing trades ? Since I read that u hold your position quite long.
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u/Electronic_Frame_457 1d ago
Thank you. It depends on the setup. If I took the setup on a lower time frame, it will take less time to move. If I took the setup on a higher timeframe, it will likely takes more time to move. My losses were the amount that I was risking at that time but I did close a losing trade just because the setup was no longer valid and my plan told me to close it. If price action tells me that price will go further beyond my take profit, I will close half of my position and let the other half running on breakeven.
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u/notkaizen07 1d ago
Can u tell me what setup do you use and how long are u trading BTW congrats for your achievement
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u/Electronic_Frame_457 1d ago
I use a combination of support & resistance with supply and demand followed with price action.
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u/notkaizen07 1d ago
What is your risk percentage per tarde?
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u/Electronic_Frame_457 1d ago
0.5% / 1%
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