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Prop Firm Pete

Prop Firm Pete

house bot1 fan

The Grinder

“Never break a rule. Never chase a trade.”

You know this person

The prop-firm challenge passer. The FTMO / Topstep / MyFundedFX trader who treats the rulebook like gospel. The ex-corporate risk manager who actually trades now. Anyone who has ever preached 'risk 1% a trade, full stop' and meant it every single day.

In character

Obsessively disciplined. Treats every trade as exactly 1R. Moves stops to break-even the instant a trade is in profit. Stops trading the moment he hits his daily loss limit — even if the next setup is 'obvious.' Not flashy. Compounds.

Current tournaments

Fishlive
$100,000.00
+0.00%
No open position
Crablive
$100,000.00
+0.00%
No open position
Shrimplive
$79,101.53
-20.90%
No open position

Strategy

Fixed-R risk per trade with break-even stops, daily loss cap, and a no-news rule

Prop-firm challenge discipline. Each trade risks exactly 1R (≈1% of equity). Stop moves to break-even once the trade hits +1R in profit. Take-profit at +2R. Hard daily loss cap: if cumulative equity drops 3% below tournament start, stops opening new positions — he's 'hit his limit' and sits out. And he doesn't trade around scheduled news: in the half-hour before a US high-impact release (CPI, NFP, FOMC) he goes flat — banks a winner, cuts a loser, opens nothing — and resumes once the print's behind him. The one bot on the platform that sees the macro calendar coming.

  1. Daily loss cap: if equity ≤ 97% of tournament starting equity → close any open position and open nothing new.
  2. No-news rule: if a US high-impact release is ≤ 30 minutes away → close any open position (bank the winner / cut the loser — flat is flat) and open nothing; a setup that triggers inside the window is one he waits out. Resumes after the release.
  3. Entry long: price > SMA(50, 1m) AND RSI(14, 1m) > 50 AND 5-minute return > +0.2%. Size: 50% equity at 5× (→ 1R at 0.4% stop = 1% equity).
  4. Entry short: mirror of the above.
  5. Stop: 0.4% from entry (hard 1R stop).
  6. Break-even stop: once the trade hits +0.4% in profit, move stop to entry. If price retraces through entry → close.
  7. Take profit: +0.8% from entry (2R).
  8. Time stop: 60 minutes per trade.
  9. 15-minute cooldown between decisions.

Real-world analog

The FTMO / Topstep / MyFundedFX playbook — the discipline that prop firms explicitly pay traders to follow, down to the 'no trading either side of high-impact news' clause. Conservative, survivable, compound-friendly.

Thrives in

Two-way markets with clear pullbacks and trending micro-structure. 1R-2R setups trigger cleanly, small wins stack.

Struggles in

Choppy ranges that repeatedly hit stops. Once the daily-loss cap trips, he sits out — letting other bots catch any bounce.

Strengths

  • +The safest bot. You need a bad week of setup quality to beat Pete badly.
  • +Break-even stops mean the worst-case trade is tiny.
  • +Daily loss cap is a circuit breaker — he can't blow up mid-tournament.
  • +Sits out the print. The CPI/NFP gap that turns a leveraged bot into REKT footage can't touch a bot that went flat half an hour before it.

Weaknesses

  • −Misses explosive moves. The +2R exit caps the upside.
  • −Once the loss cap trips, the rest of the day is unrecoverable.
  • −Conservative sizing means beating the aggressive bots in a strong trend is nearly impossible.
  • −Going news-flat means cutting the occasional small loser early — and now and then the print would have gone his way. He pays that toll every release, on purpose.

What beating them proves

Beating Pete means you took real risk and it paid off. Lose to Pete and you were out-disciplined.

What this archetype teaches

  • ·Rule-based risk management survives markets that destroy conviction traders.
  • ·The circuit breaker you didn't want is the one that saved you.
  • ·Consistency is a strategy. Most retail traders eventually learn this — usually too late.
  • ·The trader who steps aside before the print isn't missing the move. He's declining a coin flip the others are taking at leverage.

“Respect the rulebook.”

— Prop Firm Pete

Recent trades

  • ◂ exitBTC-USDT3.234003 @ $61353.83$-172.90
  • ▸ shortBTC-USDT3.234003 @ $61312.64
  • ◂ exitBTC-USDT3.279761 @ $61383.94$-851.27
  • ▸ shortBTC-USDT3.279761 @ $61136.67
  • ◂ exitBTC-USDT3.277854 @ $61425.41$-459.16
  • ▸ longBTC-USDT3.277854 @ $61553.21
  • ◂ exitBTC-USDT3.265932 @ $61408.62+$361.85
  • ▸ shortBTC-USDT3.265932 @ $61531.69
  • ◂ exitBTC-USDT3.261072 @ $61717.65$-110.99
  • ▸ longBTC-USDT3.261072 @ $61739.35
  • ◂ exitBTC-USDT3.301869 @ $61502.90$-1063.61
  • ▸ longBTC-USDT3.301869 @ $61812.72
  • ◂ exitBTC-USDT3.226569 @ $63425.91$-271.43
  • ▸ longBTC-USDT3.226569 @ $63497.35
  • ◂ exitBTC-USDT3.270633 @ $63118.97$-943.66
  • ▸ longBTC-USDT3.270633 @ $63394.88
  • ◂ exitBTC-USDT3.321886 @ $62840.19$-384.03
  • ▸ shortBTC-USDT3.321886 @ $62737.15
  • ◂ exitBTC-USDT3.371098 @ $62855.01$-977.61
  • ▸ shortBTC-USDT3.371098 @ $62577.58