Apex Trader Funding Journal - 29May2024 - London Session

Price action drifting slowly lower after the London open.  Due to low volatility but clear price action, the plan is to take scalps with close profit targets.

Trade 1: Order Flow scalp

Trade 2: Order Flow scalp

Trade 3: Order Flow scalp

Trade 4: Order Flow scalp.  This trade moved against me, but within the allowable average 4 (risk) to 1 (reward) required by Apex.  Due to steady market conditions, there is no reason to exit this trade at a loss as it is with-trend, and therefore preferable to DCA.

Trade 5: DCA scalp but with a conservative Take-Profit.  Reason for entry here is based on the previous low (see left of orange horizontal line) and being one tick above the previous high (marked with a red triangle).

Green lines indicate winning trades.  Red lines indicate losing trades.

Trade: The trade number on this day.

DCA: Dollar Cost Average - This increases each time a trade is added to a losing trade.  As per Apex rules, this should never be greater than 1.

AIP: Add In Profit - This increases each time a trade is added to a winning trade.  This can be unlimited.

Entry: Time in UTC.

Exit: Time in UTC.

Size: The number of ES contracts traded.

Direction: Long or Short.

MAE: Maximum Adverse Excursion.  This is the maximum number of ticks the trade moved against me during the duration of the trade.  As per Apex rules, this should average less than 4 (risk) to 1 (reward).  Apex have stated that this is not a hard rule providing risk is sensibly managed.

TC: Ticks Captured.  The number of ticks captured by the trade.  A negative number indicates a loss.  To calculate the profit, multiple TC by Size.