Ultimate Traders
Questions & Answers

Nice question. I actually dont mind giving away mine, a little, since I already passed anwyay, and there's room for almost infinite retail traders here, we still wont ever compare to hedge funds or big banks. I managed to do it through XAU trading, with swinging it (holding for 1-2 days, till it reaches local top, from local bottom). I think scalping for that would work well too. Its just the trend is so strong right now, its almost surefire win.

I wouldn’t say that, most people prefer to choose a classic challenge because of its simplicity and it doesn’t require to follow a tight risk management unlike a speedy one. If you’re an experienced trader, then of course, I think it won’t be hard for you to complete this assessment successfully, but if you still can’t call yourself a professional, you’re welcome to a classic test.

Thank god it’s not a trailing stop loss, that would not be very good. I don’t understand how some traders go for prop firms with intraday trailing stop loss. Like imagine you just opened position, it unfortunately goes to stop loss, but your overall drawdown is still going high, that’s unfair! With Ultimate traders it’s a normal end of the day drawdown, meaning that every 24 hours period your equity will be recorded and affect your drawdown if you went to the profits. Anyway, that was a great question to ask, I hope this one helped you to understand if they are the right first for you.

You can’t bypass the system. When you hit 12% maximum drawdown which is by the way one of highest ones you can find on classic challenges and funded accounts over the industry, the game will be over. So the main thing is to keep below this level and at the same time don’t break classic rules of prp firms like no hedging, no EAs, no copytrading. My way to increase my odds of success is very basic and obvious- risk management and patience. Only trades with 2-3 entry confluences, only trading in London open and New York 2 hours after this session is opened. 0.5-1% risk per trade, depending on number of confirmations. No rush, only a cool head decision. And one small tip, less frequent trades on bigger accounts to enjoy it once I’m at the funded stage.

Well usually, the pro traders with more experience can go for higher capital challenge because they are sure in their skills, or they can go for 1 step speedy challenges, and that is the average tendency. However this is not tailoring to experience, and any trader can go with $100k account if they pay the price. But it's just if you don't have much experience, it; s wiser to risk less at the first time and get to know the platform/

You decide, whether to extend your time, by making super multi confirmation deals, since at Ultimate traders, you have an unlimited time for passing the challenge. Or to finish it with a few trades, randomly, LOL. So, I can’t know about your skills, just follow the rule of min 3 trading days and reach the target of 10%. It’s not actually important what acc you have, 50k or 200k, with the right risk management and average 50% winrate, I believe challenge can be passed in 1-2 months. Occasional trading, of course…

If you are a beginner, classic is always better because you can so the assessment in 2 phases which would give you more time to be relaxed and confident.