UPDATE ON MY FTMO STRATEGY V5.0
One of the FTMO strategies I am using is Petko’s FTMO v5.0. This strategy has been losing lately and has currently drawn down my FTMO 10K Challenge account by -3%. This is not a significant draw down of the account as it only takes a profit of 3.1% to get back to breakeven. What is a serious drawdown would be for an account to drawdown by 50%. In a $10,000 account this would mean the account value would then be $5,000. An account would then have to profit by 100% to get back to breakeven. This could take considerable time and that time represents a period of time where the trader is not able to use to grow his/her account from $10,000 to a larger amount. With a drawdown of 50% the cost to a trader is time and profit lost.
Since this account has only drawdown by 3% I will continue to trade FTMO V5.0 in my current 10K Challenge and see if it will start to move back upward.
I will not be adding any new FTMO 10K Challenges until after the first week of January due to the expected slow down in volatility during the holiday season!
