Ultimatetraders Q & A

You will learn a simple Money Management Model to be used with this simple trading strategy to ensure your success. A strategy that uses Higher Timeframe Fair Value Gaps and Orderblocks as key reference points to frame setups in the Lower Timeframe 3mins or 1mins. Trade executions using the 3mins and 1min charts. Scalping Intraday 1-3 Hours In Duration. High Probability Trade Frequency of 2-5 times per week.
Specific times of day and days of the week to focus on in your trading.

11 days ago

By: MMaanali85

Yes, traders are allowed to use multiple trading strategies during the evaluation and challenge time in Ultimate Traders. They can use strategies like arbitrage or other prop trading strategies to manage risk and reach the required profitability target. The Classic Challenge is a two-step evaluation.

11 days ago

By: MMaanali85

Scalping aims for quick profits from small price fluctuations, and an Expert Advisor automates the process, executing trades with speed and precision.. An Expert Advisor allows for the execution of a large number of trades in a short period, maximizing the potential for profit in rapidly changing market conditions.

12 days ago

By: LalpkMohan

Yes, it is allowed to apply multiple trading strategies during the evaluation and classic/speedy challenge time on Ultimate Traders. Seasonal trading, Swing trading, Trend trading, Range trading, Breakout trading and Reversal trading etc.

12 days ago

By: LalpkMohan

They do not impose severe rules on trading strategies, so, choose any style according to your preferences. The main is to hit the profit target and not to let significant drawdown during the challenge

4 days ago

By: Bishnu_W

Come on, dude! Nobody can restrict you to trade the way you want, it would be nonsense. Of course, Ultimate Traders allows you to use those strategies, it doesn’t matter what and how exactly you trade. The main rule is that you must reach the target of profit and don’t lose more than it’s allowed.

11 days ago

By: Ujwal_Golla

Scalping
Some trading challenges prohibit scalping, which is a trading strategy that involves making many small trades to profit from small price changes. Scalpers typically hold positions for seconds or minutes, and close all trades before the end of a trading session.
News trading
Some trading challenges prohibit trading within a certain time frame before and after high-impact news events

12 days ago

By: LalpkMohan

Yes, prop trading firms may have specific rules and guidelines for using Expert Advisors (EAs). Firms may maintain a list of approved EAs that meet their risk management standards.
Proprietary trading, or "prop trading", is when a financial firm or commercial bank uses its own money to trade securities, such as stocks, bonds, or mutual funds.

18 days ago

By: dinabg5186

Ultimate Traders lets you use EAs but make sure they follow risk rules (like drawdown limits). Good EA performance boosts your chances of passing evaluations and getting funded.

18 days ago

By: J_Bhakta

Daily, or... speedy? If so, then actually the name speak for itself. Speedy challenge is for more advanced traders who have already built a good risk and money management strategy, know how to balance between mistakes and profits, increasing the number of successful deals + they can easily meet the profit target and not to let significant drawdown.
Speedy is fast, number of phases is shrunk.

27 days ago

By: kerrygray197052

The Classic Challenge is a two-step evaluation. During the Ultimate Traders Challenge phase (first step) the trader must reach a specific profit target. The Speedy Challenge offers quicker access to capital, with multiple account sizes ranging from $5,000 to $200,000, allowing traders.

30 days ago

By: meegta_jat

The main difference between the Classic Challenge and the Speedy Challenge in Ultimate Traders is the risk controls and the speed. The Classic Challenge has a 6% maximum acceptable loss threshold, while the Speedy Challenge has a 4% daily drawdown limit and a 6% all-time maximum loss threshold. The Speedy Challenge is faster and more strict than the Classic Challenge. It offers quicker access to capital with account sizes ranging from $5,000 to $200,000.

30 days ago

By: meegta_jat

months and weeks wont work here! Need to be done in a week, tops. So you will have to relearn a bit. Can''t just expect the trend to reverse etc.
But Classic challenge is obv better for such cases.

23 days ago

By: PanduSabanis

I would advise you to go for the Classic challenge, because speedy is seemingly the one for day traders or scalpers. Classic challenge is a full-fledged one with multiple phases, so you will be able to balance well in terms of your deposit. It''s not about immediate hit of profit target like in case of scalping with big leverage, as well as you protect yourself from exceeded max. drawdown.

Nov 19, 2024 10:04 PM

By: YogeshTiwari200

Traders must first test their skills during our challenge program. Classic account provides simpler assessment. I''m currently trading on live account. When I first applied for a challenge, it was successful (classic) and on the second step I just risked too much.

Nov 07, 2024 06:28 PM

By: ParpkinB81

Ultimate Traders funded trading allows a lot of flexibility regarding your trading strategy or tools you can use. One good thing is that this evaluation phase is that it imitates the real-life trading world. In fact, it is after traders pass this challenge their accounts will be funded appropriately as they move to trading officially.

11 days ago

By: MMaanali85

To take part in both challenges offered by Ultimate Traders, you will use the MetaTrader4 platform.

Oct 31, 2024 02:43 AM

By: Benegal_Jagatap

MetaTrader is arguably the world’s most popular currency trading popular among millions of traders. A prop trading firm is a group of investors that offers traders the opportunity to participate in prop-trading. They offer a 14-day Free Trial through which can put trading skills to the test. Once you’ve gained more confidence, you can then move on to entering one of our Ultimate Trader Challenges

Oct 30, 2024 05:14 PM

By: Joratrgees

Traders are required to complete the Classic Challenge or the Speedy Challenge to enable them a funded account. One can easily benefit from trading on the Ultimate Traders funded account. Traders are required to complete the Classic Challenge or the Speedy Challenge to enable them a funded account.

18 days ago

By: dinabg5186

For instance, when using an account of $10,000, the Classic assessment method is preferable.
It provides a detailed assessment of your performance as a trader.

Oct 20, 2024 03:09 PM

By: ChandraMoyt

Hello Raghavan_Bose421,
If you want to operate the amount as of $10,000, you can go with both Classic and Speedy accounts. The offers of the Speedy account are available starting with $10,000. Hope it answers your question.

Oct 19, 2024 12:55 PM

By: ChetturSinha

Speedy Challenge is more demanding than the Classic Challenge because there is less room for error with drawdown limits. However, for the experienced trader who can manage this effectively, it is a faster route to a funded account.

Oct 09, 2024 05:27 PM

By: VMipkhra93

Prop firm trading is legitimate and offers benefits like financial backing, shared resources and scaling opportunities. The evaluation challenge is simply a way for prop firms to make money off of failed traders and that the challenges are intentionally made difficult to achieve.

18 days ago

By: dinabg5186

Yes, man. You can take as many chances as you want. Until you run out of money basically:)

Jul 17, 2024 04:44 PM

By: BrockPratap

traders may be required to fund their trading accounts with an initial amount. The firm may also have scaling plans. Profits from trades are generally divided between the firm and the prop trader.

Jul 16, 2024 04:03 PM

By: komerunjal

Being a Prop trader, the main reason for which I do prop trading rather than trading with my own money would be the lack of capital to invest. Many people find it much easier to trade or work if they have external control.

18 days ago

By: dinabg5186

Traders should only use leverage when they have a clear advantage.. Leverage is often expressed as a ratio or multiple. potential loss of capital should be no more than 3% of the trading capital. Traders have different levels of experience and risk parameters, so they may choose to deviate from the general guideline of 3%.

30 days ago

By: meegta_jat

Proprietary trading refers to a financial firm or commercial bank that invests for direct market gain rather than earning commission dollars. Prop trading is when a firm provides a trader with company capital and technology, in exchange for a share of the trader''s profits.

Oct 10, 2024 04:45 PM

By: anuapanwar

When you decide to use a platform like Ultimate traders, ensure that you strategies and plans align with the limits of the platform.

Aug 28, 2024 04:08 PM

By: EkbalKaul

The rules of prop firms are pretty much the same across the industry but UT has good pricing and leverage. Those were the dividing factors for me since leverage plays big role in my trading system. I couldn’t do it properly with 1:30

Jul 13, 2024 08:09 PM

By: Mustafa7fd

Depending on what you mean by consistent. If you mean trading without ever making a loss.. then that is nearly impossible. But if you mean always making more profit than loss in your trades, then that is all trading is all about.

Apr 24, 2024 12:19 AM

By: Bharat_Brar

Yes, it is possible for individuals living outside of India to engage in intraday trading through an Indian broker. it is possible. You have to create an account with one of the brokers listed below, such as 1. Interactive brokers.

18 days ago

By: dinabg5186

Indians can invest in the US stock market. There is more than one way to buy and hold US stocks in your portfolio. Direct equities, ETFs, and mutual funds are just one of the few popular options. Key Takeaways. Buying stocks directly in a foreign market like India or China is possible

Apr 17, 2024 04:35 PM

By: Shedetan_G

The evaluation process gives to you the demo account experience. You get the full functionality of the real account, but you have virtual funds to trade with. All the instruments you can trade on the real account, you can trade during the valuation.

Apr 16, 2024 08:39 PM

By: JavierVVargas

My opinion on passing prop firm challenges is that you should only attempt for a prop funded account if you are able to pass their challenges every single time.

Nov 07, 2024 06:32 PM

By: ParpkinB81

If you''re at a loss, cannot meet the minimum trading day requirement, and fail to meet the consistency rule in your account, as a result, your account will be breached.

Apr 17, 2024 04:37 PM

By: Shedetan_G

I thought am quite a risk appetite person and could withstand a 2% drawdown on a daily basis and a 15% drawdown overall. Designed a system with proper backtesting as per this risk management and started trading.

Nov 07, 2024 06:38 PM

By: ParpkinB81

You mean that 12% of max depo drawdown for challenge?
Yeah, I think it''s an optimal size, and I would even say, through the prism of my experience, of working with some prop trading firms, this one is the most user-friendly.
I have an experience of passing through the assessment, when max drawdown was just 8% and that was... inconvenient, actually.
This size is very optimal, at least I speak for myself.

Mar 19, 2024 11:13 PM

By: Dumisani1341

Scalpers can profit in today''s electronic trading environment by using technical indicators that are custom-tuned to very small time frames. Scalpers should keep track of economic indicators such as GDP, inflation, and employment data, as these can impact market sentiment.

18 days ago

By: dinabg5186

You guys scalpers are always in hurry :D
So I think speedy plan will suit you. It almost doesn''t differ from classic standard one and judging by conditions it is quite suitable for scalpers.
As far as I know, you guys don''t have big drawdowns on your deposit, so you definitely won''t break any rules.

Mar 31, 2024 02:48 PM

By: Isaac_Segarra3

If you trade scalping, I would advise you to choose definitely the speedy challenge.

Mar 16, 2024 03:33 PM

By: Steven_Hanekom

Minimum 3 Trading Days . At least one position must be opened on at least 3 separate days to qualify. This applies to both the Challenge (first) phase and the Verification (second) phase but not the funded Ultimate Trader account.

9 days ago

By: taian_devi

The minimum trading day requirement is 10 trading days. Traders are expected to actively trade for a minimum of 10 trading days in the Express account.

Nov 07, 2024 07:00 PM

By: afsdeatoon

uhm... no, pal, there is no strict limitation on the minimum number of trades executed daily. as far as I remember there are only restrictions on trading days, minimum ones, and some others like max drawdown or max daily loss. never heard of the minimum number of trades, sincerely speaking.
if you are still hesitating about this, feel free to reach out to the client assistance team, they are amiable enough to resolve this issue :)

Feb 25, 2024 05:16 PM

By: kabelo684

Beginners should prioritize reducing risk over other considerations. Diversifying your portfolio by investing in different stocks and sectors can help reduce risk. A trading plan should include strategies that make money and perform well in different market conditions. Swing trading is a low-speed strategy that''s good for beginners, but it''s still important to take risk seriously. Some platforms offer tools to analyze indicators and execute trades.

10 days ago

By: MMaanali85

Beginners should prioritize reducing risk over other considerations. Diversifying your portfolio by investing in different stocks and sectors can help reduce risk. A trading plan should include strategies that make money and perform well in different market conditions. Swing trading is a low-speed strategy that''s good for beginners, but it''s still important to take risk seriously. Some platforms offer tools to analyze indicators and execute trades.

11 days ago

By: MMaanali85

The Speedy Challenge involves just one phase of trading but under tighter risk-management constraints. There is no second step required to progress to the Ultimate Traders live account since it is comparatively much more demanding than the classic evaluation.

Nov 07, 2024 07:04 PM

By: afsdeatoon

Well, if you are confident in your abilities then choose Speedy. You can pass the evaluation very quickly and get your hands on an increased deposit in a very short time.

Dec 17, 2023 01:33 PM

By: PurshottamaM_a

I wanted to try it out myself as a managing trader and one of my old friends who is also a trader, recommended to me this prop trading company because he has already passed the assessment and now he is getting payouts up to 90% from Ultimate Traders.

9 days ago

By: taian_devi

To determine if a prop trading firm is trustworthy, you can consider its reputation, history, and online presence. A firm''s standing in the trading community can indicate its reliability and ability to provide a secure trading environment. A legitimate firm will have a professional tone, active social media accounts, and a polished website.

12 days ago

By: LalpkMohan

I got convinced of the safety of my data and funds. plus, they are working together with the t4trade broker which is also quite a well-known platform in trading circles. Ultimate Traders prop trading platform is a respected and trusted firm.

30 days ago

By: meegta_jat

Yeah, basically that was the reason why I actually decided to give them a try.
I had had an experience of working with prop trading companies before I stumbled into this one.
In fact, when you encounter a prop trading firm, you need to be convinced of its reliability, as it happens with conventional trading brokers.
It''s operated under the T4Trade broker which is considered to be a legit and trustworthy brokerage firm, so no worries about that.

Dec 02, 2023 04:24 PM

By: Rajesh_kJR