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Anonymous
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Hi Alan,

Your opinion on the daily drawdown limit in FTMO is very valid. It is by far the most difficult requirement and I also trade my own accounts to avoid the restriction. However in doing the challenge your risk should be reduced as you progress through the process, by its very nature it is a challenge and to pass that phase your risk needs to be pretty high, however this should be reduced up to half for the verification and then definitely reduced by half again when trading ongoingly.

I did notice you were flying a little close to the sun in terms of the daily drawdown limit with the challenge results, but I assume that the intention was to reduce your risk considerably when trading ongoingly? In this case I don’t think there is any reason to be overly concerned with the daily drawdown limit right?

You did the hard work to get through (Which with these is also a case of the market aligning well for during the challenge), just set set your risk to a quarter of what you used for the challenge phase and keep running your system and that way the daily drawdown should be pretty far off really.

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