Maybe it’s just me but when I tried to do this I never got the same price and because the bid and ask also has spreads the total TP and SL are not in sync. If the loosing trade is making -1%, the winning trades is making only +0,8% and over a couple amounts of trades the difference is adding up. How dot you deal with that. For general information I’m using a trade copier and trades are being opened and closed at the same time (as fast as possible for the copier) but in general I believe spread is the biggest difference not time of closing the trade
Ive done this with options and micro contracts....in order for this to work to its full potential the prop accounts MUST have a static drawdown. If you're using a firm with trailing drawdowns its not worth it.
@jumparmy7043 with a trailing dd account/test you could blow the account and be essentially even in the account. Example, you're up $2500 in a topstep 50k account with a $3000 target, you proceed to lose $2500 in the topstep account and you failed the challenge because the dd trailed to the account starting balance. If this happens you made zero or almost zero on your hedge account...in addition to fees
@@jumparmy7043 The whole hedging concept relies on some statis symmetry between the prop accounts and the hedging accounts. If any of these elements become dynamic, the whole hedging system is void.
What risk reward are u using? Cerrect me if I am wrong. If you use 1:1 RR is fine, however higher Risk Reward than that and one scenario is not covered. Lets say we have 1:2 RR. When market moves in the direction of the initial position, on the half way, on 1:1, your hedge is stopped out, while initial position is still running. If market reverses and does not TP out your initial trade, you lost on hedge and at best BE on initial position. Its a net loss. Depending on the strat, you might have many this kind of BE trades, then you fucked basically. When you hedge with 2:1, to cover the initial trade entirely, then the math doesnt add up at all. Costs are then way higher.
Awesome strategy, instead of 1 phase challenges, I know 2 good indipendent prop firms that offer instant funding with weekly payouts. You are guaranteed to 6-7X your capital per week. If intrested in knowing these propfirms let me kow and i'll drop their names Under this comment. To those saying that the video should be deleted, stop being arrogant and make guaranteed money while you can 😂. Nice video mate.
Please reply,in funded acc you loss 3% means loss fee 400usd.and how in real acc u make 3% means 800usd?? Isn't it true that if you follow the 0.10 lot, you will only get 300usd?can you explain?
Brother i have one more strategy where we hedge 2 propfirms with your ea both opposite like if we go long on one we go short on one this way if we fail on one prop we recover money with ea but pass on the other prop this way we have a 50% guaranteed win rate...? Reply plz❤
@@kakakuka9611 brother you using this method also don't you think we would have problem while getting withdrawals even with top props like E8 have you been using this?
Wouldnt a risk be a position being a stopped out on one broker but not the other (maybe due to spread or slippage differences between the prop firm broker and personal account broker). And then the market reverses and stops out the other position. Then a loss would have occurred on both accounts. Could this be possible? It would have been great if we were able to hedge on the same prop firm but with different accounts but pretty sure prop firms would not allow that.
We don't use typical stop losses... we generally risk 1 or 2% per trade and once it hits that we close the trade out with our EA on both prop account & hedge account.
Yes it could happen, (It happened to me), but it was to the upside (luckily). My prop account hit the max drawdown, and all trades were closed, but for a reason my copier didn't catch the closures, and hence the hedged account positions were still open, till I manually closed them, even with much higher profit but this was so dangerous. If the market would have reversed, both prop and the hedge account would have blown. So it is imperative to keep a very very close eye on your accounts when using this system.
@@amberbrehaut7045 Thanks for your reply. It seems anything with a big dollar value requires a discovery call or some kind of call! ie: Disguised sales calls. There are many copy trade EA's available at a much lower price point even free, and I think that is what is required. Thanks again. Good luck with your trading.
Hey Adam. Very good system for sure. I am not really sure if this would work for trailing overall drawdown rule (which is applied on most of the 1 phase prop challenges). Also, guys please ditch the background music in your videos :) so distracting.
LOL. Who is spending $400 my man. I know I sound rude, but I am not trying, I am serious. Most props are like $50 these days, $150 if you want upwards of $150k. Serious question.
IF YOU FAIL THE EVALUATION, AND YOUR CHANCES ARE 90% FAILURE RATE, THEN HEDGING AT .1 LOTS AGAINST 1 LOT WILL NOT BE A PERFECT HEDGE, AND YOU WILL STILL END UP IN THE HOLE.. HEDGE IS NOT BALANCED
@@BlueEdgeForex we dont care about what YOU think ,,we care about the facts and consequences .. myfundedfx cancelled the 1 step max plan .. and most probably E8 is gonna follow by cancelling E8 Pro .. STOP HARMING THE INDUSTRY !
Please bro delete this video. It's litteraly an exploitation of prop firms trading and they wont survive with these challenges prices... they wont even survive at all because as long as u can cover the downsides, u could pay 2000 to have 10 000 margin they would still loose. This practice is the reason why propfirms wont be in the market too long. If too much people start to do it, it will be over
I'm curious, how does this hurt the prop firm? I would think if anything it would help them because the trader would be able to buy another challenge from them right away where before they wouldn't have the extra money to purchase that new challenge. The trader is hedging the challenge with a separate broker with his/her own money so that shouldn't effect the prop firm. I could see it being bad for the prop firm if the trader was taking opposite trades in a separate challenge account with that same prop firm. This hedging strategy seems like a win win for the trader and prop firm, since the prop firm will be seeing an increase in challenge fees being paid to them and that's how most of these prop firms make their money with those fees.
@@BlueEdgeForex im not sure guys. Because the trader on one side has zero risks. Even if there is 3x more challenges paid, if they have to give payout to 1.5 of these challenges paid, their model will only loose more and more money, since the hedgers will reroll and get max fundings at one time. The only way it help them is because they have 10% more challenges paid and it bring the same amount of New traders because of their New popularity. But i cant see how in the long run they will profit from it since they will be more and more hedgers to a point that the firm will end.
@@BrettWarren not actually explain me that if a prop looses money after you getting funded you don't loose money cos you hedge but the props does loose money and I don't think they would have recovered all money from your challenges fees
Maybe it’s just me but when I tried to do this I never got the same price and because the bid and ask also has spreads the total TP and SL are not in sync. If the loosing trade is making -1%, the winning trades is making only +0,8% and over a couple amounts of trades the difference is adding up. How dot you deal with that. For general information I’m using a trade copier and trades are being opened and closed at the same time (as fast as possible for the copier) but in general I believe spread is the biggest difference not time of closing the trade
Definitely.
How do you manage different costs between prop firm and real account ? Mainly spreads impacting when SL and TPs are hit ?
Ive done this with options and micro contracts....in order for this to work to its full potential the prop accounts MUST have a static drawdown. If you're using a firm with trailing drawdowns its not worth it.
Could you elaborate on this pls
@jumparmy7043 with a trailing dd account/test you could blow the account and be essentially even in the account.
Example, you're up $2500 in a topstep 50k account with a $3000 target, you proceed to lose $2500 in the topstep account and you failed the challenge because the dd trailed to the account starting balance.
If this happens you made zero or almost zero on your hedge account...in addition to fees
correct
@@jumparmy7043 The whole hedging concept relies on some statis symmetry between the prop accounts and the hedging accounts. If any of these elements become dynamic, the whole hedging system is void.
What risk reward are u using? Cerrect me if I am wrong. If you use 1:1 RR is fine, however higher Risk Reward than that and one scenario is not covered. Lets say we have 1:2 RR. When market moves in the direction of the initial position, on the half way, on 1:1, your hedge is stopped out, while initial position is still running. If market reverses and does not TP out your initial trade, you lost on hedge and at best BE on initial position. Its a net loss. Depending on the strat, you might have many this kind of BE trades, then you fucked basically. When you hedge with 2:1, to cover the initial trade entirely, then the math doesnt add up at all. Costs are then way higher.
Awesome strategy, instead of 1 phase challenges, I know 2 good indipendent prop firms that offer instant funding with weekly payouts.
You are guaranteed to 6-7X your capital per week.
If intrested in knowing these propfirms let me kow and i'll drop their names Under this comment.
To those saying that the video should be deleted, stop being arrogant and make guaranteed money while you can 😂.
Nice video mate.
Hey men would you mind providing your social media or telegram so we can talk about it .
@@zionogidi342 brother can do share more information for us
The problem with the instant funding is the cost. They are normally a lot more.
Can I know these prop firm names
Thankyou which prop firms are they please.
Please reply,in funded acc you loss 3% means loss fee 400usd.and how in real acc u make 3% means 800usd?? Isn't it true that if you follow the 0.10 lot, you will only get 300usd?can you explain?
Brother i have one more strategy where we hedge 2 propfirms with your ea both opposite like if we go long on one we go short on one this way if we fail on one prop we recover money with ea but pass on the other prop this way we have a 50% guaranteed win rate...? Reply plz❤
I Legit tought bout this. Also want the answer..😂
@@kakakuka9611 brother you using this method also don't you think we would have problem while getting withdrawals even with top props like E8 have you been using this?
Ask yourself, how do u get to a 3% on the funded acc without loosing money... using your money and prop firm is d only way my dear ❤.
@@izzytrades bro it's not about how it's about can we do props have no problem giving payouts using this (talking about top props)
I did that and face no problem at all. @@redstoneryt5226
Wouldnt a risk be a position being a stopped out on one broker but not the other (maybe due to spread or slippage differences between the prop firm broker and personal account broker). And then the market reverses and stops out the other position. Then a loss would have occurred on both accounts.
Could this be possible?
It would have been great if we were able to hedge on the same prop firm but with different accounts but pretty sure prop firms would not allow that.
We don't use typical stop losses... we generally risk 1 or 2% per trade and once it hits that we close the trade out with our EA on both prop account & hedge account.
Yes it could happen, (It happened to me), but it was to the upside (luckily). My prop account hit the max drawdown, and all trades were closed, but for a reason my copier didn't catch the closures, and hence the hedged account positions were still open, till I manually closed them, even with much higher profit but this was so dangerous. If the market would have reversed, both prop and the hedge account would have blown. So it is imperative to keep a very very close eye on your accounts when using this system.
How to deal with 2 % daily pause allowence please answer me
is there a free good trading copier that I can use? and also what R:R is the best for this?
Does the leverage on both accounts need to be the same or would it be an advantage to have a higher leverage on the personal account side?
No, we normally actually go with higher leverage on the live account.
Where can we find the Hedging Bot Pls?
they costs thousands of dollars just so you know. They never talk about it. They are expensive.
@@amberbrehaut7045 Thanks for your reply. It seems anything with a big dollar value requires a discovery call or some kind of call! ie: Disguised sales calls. There are many copy trade EA's available at a much lower price point even free, and I think that is what is required. Thanks again. Good luck with your trading.
but why not hedging against 2 ftmo accounts? as FTMO allows hedging in the challenge phase
They do not allow hedging 2 accounts against each other, as the risk is on them and not you.
I see E8 doesn't allow hedging....how do you get around that?
They don't allow hedging between 2 E8 accounts, but no reason you cannot hedge on your own live account as it is you who is taking all the risk.
What if the market goes to one direction after it touch your both stop loss
I don't understand why this would make a difference
Hey Adam. Very good system for sure. I am not really sure if this would work for trailing overall drawdown rule (which is applied on most of the 1 phase prop challenges). Also, guys please ditch the background music in your videos :) so distracting.
Thanks for the feedback.
Why is ~3x the challenge cost needed in the personal account?
You dont have to have that amount in from the start. You can scale as you go.
Lovely video bro
I want to be able to edit the google doc for this, please how do I do that?
you can make a copy of it
@@BlueEdgeForex thanks
Hey, can this work on an open challenge that is currently in drawdown?
It can help gain some back if you continue to lose but it is suggested to do this from the start of a challenge.
Got it thanks. I got two accs in 2% DD
But what Risk to Reward are you using? That's important to know
Doesn't matter I use 1:1 or 1:1.5 generally
I tried but this didn't work, they banned me and i lost 2000$ too, there's no easy money guys
Can you explain a bit more about what happened and how you lost $2,000? Would love to hear a bit more about what led to the loss?
@@BlueEdgeForex exactly he applied it in wrong way . Thanks for this I am using it personally in different way but method is same .c
Which prop firm banned you?
Learn to trade on your own. Don't rely on bots. Put in the time and effort and it will pay off 10 fold in the long run! :)
Anyone tell me how to deal with 2% daily pause allowence
You just have to use a 2% EP setting.
You just have to use a 2% EP setting.
LOL. Who is spending $400 my man. I know I sound rude, but I am not trying, I am serious.
Most props are like $50 these days, $150 if you want upwards of $150k.
Serious question.
Brother in E8 there is only 2% daily pause allowence what about this
Also the trailing drawdown rules. I don't think hedging concept would work.
IF YOU FAIL THE EVALUATION, AND YOUR CHANCES ARE 90% FAILURE RATE, THEN HEDGING AT .1 LOTS AGAINST 1 LOT WILL NOT BE A PERFECT HEDGE, AND YOU WILL STILL END UP IN THE HOLE.. HEDGE IS NOT BALANCED
We are now also doing an over hedging option, where you can make money on failed challenges.
I am using this strategy😂 but pls delete this video this is a gem i thought only i am using this😅
😂
I agree with this please delete 😂😂😂
Which copy trader do you use to achieve this?
u making money with this strategy ?
Looks good on paper, but market structure might prove otherwise. Or maybe you're closing the buys and sells simultaneously.
Ya close at the same time
To anyone willing to try this. You will be caught and banned . This guys is selling you his ea and this is his only way to promote it
How will the prop firm know about your personal account ?
There is no way for them to know, nor should a prop firm care, as they will likely make more money as ppl will take more challenges.
@@BlueEdgeForexexactly they can’t know lol 🤣
@@BlueEdgeForex we dont care about what YOU think ,,we care about the facts and consequences .. myfundedfx cancelled the 1 step max plan .. and most probably E8 is gonna follow by cancelling E8 Pro .. STOP HARMING THE INDUSTRY !
Please bro delete this video. It's litteraly an exploitation of prop firms trading and they wont survive with these challenges prices... they wont even survive at all because as long as u can cover the downsides, u could pay 2000 to have 10 000 margin they would still loose. This practice is the reason why propfirms wont be in the market too long. If too much people start to do it, it will be over
I'm curious, how does this hurt the prop firm? I would think if anything it would help them because the trader would be able to buy another challenge from them right away where before they wouldn't have the extra money to purchase that new challenge. The trader is hedging the challenge with a separate broker with his/her own money so that shouldn't effect the prop firm. I could see it being bad for the prop firm if the trader was taking opposite trades in a separate challenge account with that same prop firm. This hedging strategy seems like a win win for the trader and prop firm, since the prop firm will be seeing an increase in challenge fees being paid to them and that's how most of these prop firms make their money with those fees.
Brett - yes you get it!
Prop Firms will make more money because of this, not less.
@@BlueEdgeForex im not sure guys. Because the trader on one side has zero risks. Even if there is 3x more challenges paid, if they have to give payout to 1.5 of these challenges paid, their model will only loose more and more money, since the hedgers will reroll and get max fundings at one time.
The only way it help them is because they have 10% more challenges paid and it bring the same amount of New traders because of their New popularity.
But i cant see how in the long run they will profit from it since they will be more and more hedgers to a point that the firm will end.
@@BrettWarren not actually explain me that if a prop looses money after you getting funded you don't loose money cos you hedge but the props does loose money and I don't think they would have recovered all money from your challenges fees
@@redstoneryt5226 of course u get it ! even a primary school would. The more u withdraw from them, the more u pay account and withdraw again more :')