How I TRADE 20+ PROP FIRM ACCOUNTS
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- Опубликовано: 16 май 2024
- Breaking down how I use a trade copier to trade prop firms and personal trading capital.
📈 Trade Copier Link: tradersconnect.com/?ref=kimmel
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DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational and entertainment purposes ONLY. I'm simply documenting my trading journey so that you have the potential to take ideas and inspiration from the videos that may help you within your own journey. But remember, trading/investing of any kind involves risk. Your trading/investments are solely your responsibility.
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Let me know your risk management protocol! I'm giving away 3 tradersconnect subscriptions for someone that uses the link
📈 Trade Copier Link: tradersconnect.com?ref=kimmel
🗡 The Funded Trader - bit.ly/TheFundedTraderRK (10% OFF code: KIMMEL)
🔷 Alpha Capital - bit.ly/Alphacapital (Code: Kimmel)
📕 Tradezella Journal: bit.ly/TradeZella (10% OFF: KIMMEL)
Bro you've not got a code for funding pips?
im in
Tradersconnect isn't taking in any new subs,
They're just quickly solving mt4 issues and then should be back up@@timbatee7433
where's the proof that u managing $5m dude?
Love this video I’ll be using the trader connect for sure
Risk management is the main key in trading. My failures have been due to poor risk management. From now on I try to always be disciplined in taking a 0.5% risk on all my challenge accounts. Thank you for sharing your knowledge for free, champion.
We appreciate you, Good Luck
Signed up through your link. Cant wait to test it out
My risk management protocol is to risk 0.5% on the challenge phase until i have a buffer of 4% then i risk 1% to pass the challenges. For the funded phase i aim for 1-2% and wait for payouts. Great video as always appreciate it
Good stuff, and what about your trading plan? do you follow it?
Yes of course, staying disciplined is hard but i trust my system. Focusing on 1 model is the key in this ocean of knowledge
Nah go risk 1-2% per challenge, trust me
the least thing u wanna do is to spend too much time during challenge phase, just go for 1-2% a trade and passed it asap. its not like personal account that small gain is still gain, challenge phase r wasting ur time and energy and the opportunity cost is too large
Why do you make 1-2% in the funded phase and then wait for payout?
I am going to assume that it is necessary to stay under the radar but could you not just take 1-2% in payout to not set off alarm bells
Or
Do you approach it like that so that you don't lose your gains?
Or
Simply because of the risky nature you are not putting in more effort than is necessary
Used your link for the trade copier. Thank you!
Risk Plan: 0.5% risk per trade, reduce risk by half when in drawdown or every 2 consecutive losses. Risk returns to 0.5% once back at BE on account.
I like your style KIMMEL
You risk management parameters are one to study and follow, which I intend doing asap.
$5M worth of capital is huge and from where I stand I believe strongly it's something you KIMMEL can achieve and even surpass.
My target for 2024 first of is to get a FIRST EVER PAYOUT! Then to begin scaling my capital to a DREAM $1M before the year end.
I'm so so confident of achieving this by copying your strict RISK MANAGEMENT rules and letting my technical edge play out in the long run. Not forgetting a STRONG PSYCHOLOGICAL and POSITIVE MINDSET👌✅
Thanks brother for this beautiful insight... Wishing you all the best in all your endeavors this year🙏🙏🙏
I had to watch the video 3 times to understand, because I don't speak English and I didn't find anything similar and well explained in Portuguese, thank you, it helped me a lot.
Hey Kimmel! Thanks for the video , very on point as most of us here (I presume) will one day be in the same situation as you are now with the trade copier. Account management is SO important and your video demonstrates this perfectly. Good luck for 2024. Hope you hit your 200k in payouts 🤞👌
Thanks for that kind of vidéo !
Always bringing values to the table thanks a lo Kim Looking to meet you one day
Sweet video😊❤.... we need market breakdown/trade of the week.. anticipation of the week ahead...😢
Nice video Kimmel! Keep them coming. So, on my risk protocol, I risk 0.33% on challenges and 0.11% on funded accounts. As you can see, it's a very conservative approach. As traders, in order to make more money, we have to focus on getting more capital instead of trying to make huge percentage returns by risking too much capital.
Perfectly said
Man you got trading completely backward.
Wow it's too small risking this at least 0.50% is good.
I use trade copier too for management. Will look into this you have introduced, thanks for sharing.
Thank you for sharing bro
My risk management protocol is stick to 0.5% per entry when in drawdown. After my drawdown hit -2%, I will decrease my risk to 0.25% and stay more in the game until reach breakeven. The key to pass is make sure we got much time as the challenge nowadays was unlimited times. So no need to rush with risking more to stay out the drawdown phase. Simple but powerful strategy. Thank you kimmel for this opportunity. You are the best man.
Let's go ! 🔥🔥🔥 Thank You for this video !😇😇😇
This video is a lifesaver, I was thinking of how would a trade copier work if the slippage is different
Amazing vid. Cheers!
Thanks for the usual knowledge kim, I quite understand this but what if the account one is taking both have spread, in such cases, what would advise someone to do?
And for some reasons I don't know, I prefer getting done with one challenge before moving on to the other rather than trading both at once, what would you say is the cause of this? could it be because I am not professional yet? I have registered through the link too.
set a risk of 0.25% on the live accounts, resulting in a risk of 2% on the challenges. also explains how to manage the challenges for the live phases for Phase 1 and Phase 2.
Awesome video so far ♥️
My risk management protocol is very conservative because I can't afford to buy another challenges if I go aggressive and eventually I blow the account
So, I risk 0.5% per trade until I'm up 2%, then I risk 1% until I pass or back to original balance
Everytime I lose a trade a reduce a risk by half, cause probably can be a losing streak coming in. To compliment that, I allow maximum 2 losses or win per trading day.
I watched vedio completely,
Kimmel you are sharing your hard learned experience, ❤
Traders are successful because of their time they put for years and the struggle they have been through.
Appreciate it brother ❤
My risk management is , 0.25% of capital per trade , this makes me less worried if trade goes against me.
Risk to reward ratio is 1- 2.4 usually
Excelente canal Bro! Subscrito!
I believe that VAR should depend on once style of trading and statistical win percentage. As a swing trader, my trading frequency is very low that I have to risk more per trade to have a livable returns at the end of the year. I risk 1-2% per trade.
With regards to RRR, I don’t have a fix one because I usually trail my stops. I take partials @ 1:1 and let my trade run until it hits my trailing stops or exiting when it shows signs of reversal.
My risk management protocol is to risk 0.5% per trade while aiming for 3r. I stop trading for the day after two wins or 3 losses.
I do not intend to exceed 0.5% risk because it's a pretty decent amount to risk when trading huge amount of Capital so I have to train myself to get used to 0.5% risk.
It could be the best Serie you did ever.
With longest video like live trading.
I will follow your journey
Good luck
Great Vid! So if I understand correctly If you set the Main accounts TP and SL but dont copy it to the copied accounts the main account will close out the TP and SL of the copied accounts anyway thus allowing you to use the spread of the main account is that correct Kimmel? I hope this makes sense as I was always wondering how to manage the difference in spread from the different Prop firms when copy trading but it seems like you just showed us!
Awesome video! Thanks! What is your monthly yield target? Regarding your $200k+ yearly target with $5m, that's like 0.5% yield per month... I was told that trading bots for funded accounts exist that can do 1-3% monthly conservatively and passively (maybe I'm wrong), so I'm thinking you could expect a lot more. Also, are there any such bots that you recommend for funded accounts? Thank you!
Great Video Kimmel...But here the the FTMO closed the trade in loss? Because of the spread?🤔
I have risk management plan from ict:
start with 0.5% risk
if im in profit then 1% risk
After any lose we are back to 0,5% risk, but if my next trade is win and im still in profit then I can risk 1% on next trade
After 5x wins in a row we are back to 0.5%
Let me use this risk management plan on a challenge from you ❤
My risk protocol is 0.5% on challenges until I’m up 2% then increase to 1%
Same risk on funded account until 2% in profit which I request payout/get refund and then go for another challenge account with a fraction of the split
Hello thanks for this video. I will be doing 2 challenges at the same time at the end of this month. So all together i will be trading around 3 accounts at the same time. I think this will help me So much!! Thanks for demonstrating how it works
A Ques :-
What is the Best way to adapt when M.S & Volatality changes in a particular Pair ?
For EX :- From 2021 to 2023 EU was in preety clean Bearish M.S . But , Once ECB increase Intrest Rates on Jan 2023 , It broke all the MS and End up way more volatile in that situation Daily looks Bad but 1H,4H can make sense . So How should a Trader Adapt Time to Time According to Market Conditions ?
( To me it looks best to just Trade Pro-Trend & Follow the Price & Analyse HTF 1D , 1W to understand bigger picture , Am i missing something or is there a Better Way to Reasses ? )
The trade copier is really good on managing multiple accounts. I have 10 account with different size. It is easier to enter a trades with just a main acc and the rest will automatically enter. The price also is really affordable. Gonna subscribe it for sure. Thank you for the information kimmel.
🙏🙏🙏
nice video. i saved the video bcz i hope i will need it one day 🙏
Is ot possibile have more master account? And how it works if the account they have different capital amd different sizing?
My go to risk protocol is.
I never trade with more than 1% risk no matter what.
And i use that 1% risk only in the trades which are in the direction of the Higher time frame direction.
And when i am trading in the retracements. I will only use 0.25-0.5% per trade. And if i lose a trade i lower my risk by half.
pretty decent content you have here,,, keep bring it on :)
I manage my risk by means of RR and then by locking up as soon as possible to BE & then followed by closing partials.
Risk management is key tu sucess specialy for beginners 🎉
Hello, appreciate your video. Do you know if it's possible to use the trade copier for Fundingpips and Alpha capital group? Does it breach any of their rules?
Thanks
This all account you logged in one device,.or what you do because payout time they give this reason so I just want to know
Lot of prop firms doesn't accept copy trading unless there account is the master account so how did you solved that problem?? Hope you are doing well😊
Kimmel , can you make a video about how we can run another business side by side with trading??
This is genuiss
Do we not suppose to have a stop loss on prop firms and on funded accounts. ?
Plz do reply.
my risk management protocol is to take 2 trades in the NY AM session. The first one I use 0.5%, if it is a loss the next trade will be 0.25%.
please make a playlist videos of ict to get good learn
Boas Kimmel, gostaria de saber se a situação que explicaste sobre o TP também funciona no caso do StopLoss ou seja, não programando o Stop nas contas que estão a copiar mas se o mesmo for atingido na conta que estás a operar se automaticamente fecha nas contas que estão a copiar? Abraço e bons trades 💪💪💪
Kimmel, what if the contract size is different for each broker? for example entering 0.25on NAS100 in FP is equivalent to 25lot on Alpha capital. should there will be any issue?
Good AD
I have been learning lots from your vids on trade copiers. Do you use tradingview and does that work with trade copiers?
This no copying buy limits and SL and TP does this work on the basic traders connect package? And how does it then TP on the slave accounts if it’s not set I’d love to do this but am scared it might not work and you didn’t show example of the limit order doing this
Tank you Kimmel, i love it. I was wondering the funding pips account you use for you master account. Is that your funded account as well? or is this just a demo account? if so how do you set that up. I have a funded pips 100k account and was wondering if i was gonna use that as master account. Also, dont do funding pips challenges with trade copier because its not allowed :)
Hi, love your videos. May i know how does this differ from a regular EA that can be bought for a cheaper price? as this is a subscription model
This copies the trades. EAs don't copy trades
Hey Kimmel, not really related to this video but since you are an expert for prop firms. How do i write invoices to firms like TFT? Here in germany we also need to register business to trade funded accounts and many of the new prop firms dont even accept business bank accounts. Thats so strange because we basically providing a service and if we do that we have to write invoices when we receive a payment just like any other firm….
Honestly ive been pondering on this for some time as it relates to scaling up funding. I feel like sub 1 million funding the safest thing is 0.5% risk which ensures once u stick to your rules u can secure payouts and reinvest back into firms to scale funding. Once you enter 1 mil or mutliple 7 figs of funding id personally play with mixing risk. Half of the accounts on 0.5% risk and the other half on 1%. Especially if u focus on hitting scaling with firms where some firms give u increased drawdown, if u have multiple account and can diversify risk then you can play with 1% risk with ease. If drawdown goes to 4-5 then reduce risk on 1% risk accounts but the 0.5% risk stays the same as once u have lower risk drawdown is easier to recover. For my style of trading id be fine putting all accounts on a copier but also scale off accounts when I hit 3-5% for the payout. Have some accounts you leave on to see how far you can push but make sure to secure payouts accordingly
Very true!! Great comment! Congrats! You won one of the challenge accounts!!
Messaged on Instagram just gotta accept the dm request 🎉
I would focus less on how much $ "funding" you have and more on how much you saved up from withdraws.
Risk management is the hold grail in trading, I learnt that the hard way tho. I have decided to always risk 0.5% on all my challenge accounts since they’re phase 1 accounts. Then be patient till I pass the phase, since I won’t be going through phase 2. Btw. Thank you for sharing your knowledge for us for free champ! We appreciate you ❤️
🙏🙏🙏
Isnt risky 0.5% more likely risking 5-10% depending on the draw down?
@@William.-. 5-10% ? I’m talking of 0.5% risk on each trade.
@@Liverightfx Still over risking like the majority of the comments more likely to fail instead of passing the challenges. Risking 0.5% to 1% is actually risking 5% to 10% on a challenge account if you trade with an challenge that has a 10% max draw down
If you risk 1% per account and lose 10 time you fail (hit max draw down) or lose 5 time ( hit daily draw down)
@@William.-. are you going to lose 10 times straight on 1% risk? Trading is a probability game.
My risk management protocol is to risk 0.5% and am for 1:3 in every trade sometimes I aim for 1:2 depending on the trade and setup risking 0.5%
Risk management protocols for my challenge phase is 1%. And when i get to 4%, i risk 2% .
On the flip side, should i get into 4% drawdown, i reduce risk to 0.5%.
While on the funded phase, i risk 1%. In drawdown like 4%, i go back to 0.5%. i actually like to aim to 3-4% before payouts so I can reinvest into bigger accounts.
I risk 1% usually the only time i reduce it to half is when drawdown goes below 3%,Doing this allows me to keep the acc for longer.💆
Trading 0.5% in Phase 1 and 0.25% in Phase 2 as well as funded account with 1/2 RR. 1 trade per session 2 trades max regardless if win or loss. It may take a long time to pass the challenge but it's worth it to avoid hitting max DD.
What about different contract sizes from prop firm to prop firm how the trade copier gon do that
either ytou get more funding or you can just increase your expectancy RR per month through optimization
I giving the proof that I'm waiting for your video kimmel. 🎉
if i close the trade manually on the master account will it close on the slaves too?
Hi, Thanks for your video.. Can you please make a video about which bank will be the best for EU citizen to save all those money we earn from prop trading. Lets say i make 100K in a month, but i don't want to hold my money in Wise or Revolute , then what is the best option to receive and hold money in EU. I mean best Bank account which is easy to open for EU citizen and keep the money there long term with safe protection ??
Your risk management is highly influenced by where you stand financially. If I have already secured some payouts, then I can lean more on the aggressive side, 2/3% per trade, but for someone that's trading thier first challenge/funded account then 0,5% is the way, only when you are up 2% or more then you can start risking 1% per trade
great stuff Kim loved the video! ❤
My risk management are as follows
In the wining scenario
1%/trade targeting 1:3 mim = 3% gain on the account
The second trade
2%/ trade targeting 1:2 mim = 4% compounded growth on the account
In losing scenario
1%/trade = lose
0.5%/trade ( -50% of the original risk)= lose
If it continues
0.25% ( -50% of the original risk)= lose
Untill I go break even on my account have something in hand to get back normal!
Stay disciplined, embrace patience ⚡
Small, consistent wins pave the path to trading success. 🏆💰
With 5m capital how much do you earn last in January?
Well, if I have an account on mt4 that is copying trades from a certain group, is it poosible to link this account with my 200k funded account? I mean as prop firms don't allow copy trading unless the account copying from is under your name
@kimmelTrading is The Funded Trader ( TFT ) allow to use this trade copier ??
Nice video Kimmel. I'm doing a fun experiment where I treat each eval account as 1 trade. On futures there are cheaper evals but harder rules with the trailing draw. Do you have any experience with trailing draws? If you have any tips/tricks for how to pass the challenges with trailing draws that would be interesting to hear. My idea is that on the first trade I go big so if I lose sure I have eaten into the draw but at least not the trailing draw. If I win and I'm up say $2k on that first trade and my eval goal is $3k and I have $2,500 in draw, now I trade smaller because I have a much larger draw relative to profit target available to work with.
Can we still copy trades from Funding Pips account?
🔥🔥
is it possible to connect an evaluation account and a live prop account?
Thanks for content good to know how to do in order to do my yearly goal of a 1M funded
Which prop frim you will use to get 25 accounts ?
Is trade copier or anything like can be a cause of firm challenge violation???
My risk is 1% or 2% (1% when in draw down), keep it nice and simple
What if you have no stop on some trades on a funded account ... is this ok with the firms ?
Does this work with Futures?
Can you help give a list of some of the propfirms you want to trade with, you know most propfirms don't allow the use of trade copiers, so I'll like if you can just mention the firms you're comfortable trading with
Bro i have a question if I use trade copiers in funding pips prop to my personal account then my prop account got banned or not because I asked them in discord they are saying I can't copy trade
Hi Kimmel, how is the 5M funding challenge going on, any updates on it.
But the funding pips don't allow me to use trade copier??😢
Most prop firms do not allow trade copiers. Can you tell me which prop firms you brought together a total of 25 x 200k accounts?
Hello Kimmel ,
How does the fact of you not using stops losses in the FTMO account does't breach any rules of the propfirm?
good question!
Got one question how does it hit tp or stoploss though u didn't set it to copy ?
how did it copy take profit when you did not tick the box?
🎯Mark S/D on 5M TF
🎯Then Mark S/D on 1M TF
🎯Draw Trendline on 1M TF and wait for the breakout and wait for Retest
🎯Draw Trendline for the support of the retest
🎯 Waiting for the reversal candle and then entry
🎯5 pip SL and 10 pip TP
🎯1:2 RR and enjoy the profit
What prop firms allowed trade copier?
I risk 1% on challenge phases . I like being a bit aggressive in challenge phases. And at the funded stage i would like to half my risk size to 0.5%.
On Challenge Accounts
I risk 1% till down 5% then 0.5 till im down 7.5% then 0.25% till i lose the account
On Funded Accounts
I will risk 0.25% and never change the risk, if im in a lot of drawdown I will increase my RR/ Targets from my 1:2.5 average to 1:4
If i use traders connet do prop firm will suspend my account for group trading because if i have 3 accountes in trader connect with same prop firm they may suspect of group trading??
bro what are those spreads wthh