India is a country full of really good traders. Chetan might be one of the best ones. He is an algo trader with a very interesting strategy. He passed the Challenge and the Verification on the first attempt and he is doing very well on the FTMO Account as well.
"I would recommend the Challenge to every serious trader. It is a good opportunity by risking a small amount of money"
Chetan is an Electrical Engineer, who was working in Oil and gas sector till 2017. One of his friends introduced him to trading in 2014 and since then he was trading in Indian markets. It was recently that he started trading FOREX and now he is trading full time. And he is doing really well!
How is Chetan trading? He is a scalper. He takes positions with the help of VWAP and 50 EMA. Chetan sometimes takes counter-trend positions with the help of MACD divergence and volume. Chetan is particularly proud that he managed to complete the Trading Objectives of the Challenge and Verification although he had few bad days during the trading period. You can see these down spikes both in the Verification and in the Challenge. Important is that his confidence in the trading plan helped him to achieve Challenge and Verification objectives without violating any of the rules. To eliminate the big losing days will be his focus area in his future trading endeavours.
For the questions, "Was the Challenge beneficial to you?" He answered:
The Challenge helped me in improving discipline in my trading activities and also daily loss limit helped me to curtail my trading activities on a bad trading day. I would recommend the Challenge to every serious trader. It is a good opportunity by risking a small amount of money.