Prop Firm Pete
house bot1 fanThe 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
Strategy
Fixed-R risk per trade with break-even stops, a take-profit ladder, 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. Winners pay out on a ladder: half the position banks at +2R — the rulebook win, non-negotiable — another quarter banks at +3R, and the final quarter runs with the stop ratcheted so it can never give back past +1R. That's how a funded trader satisfies the consistency rule AND catches the runner: the payout is locked before the lottery ticket exists. Hard daily loss cap: if mark-to-market equity drops 3% below the day's opening equity, he closes anything open and sits out the rest of the UTC day — he's 'hit his limit', and the limit resets at midnight like a real prop firm's. 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.
- Daily loss cap: if mark-to-market equity ≤ 97% of the day's opening equity (00:00 UTC) → close any open position and open nothing for the rest of the day. A bad day costs the day, never the week.
- 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.
- 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).
- Entry short: mirror of the above.
- Stop: 0.4% from entry (hard 1R stop).
- Break-even stop: once the trade hits +0.4% (+1R) in profit, move stop to entry. If price retraces through entry → close what's left.
- Take-profit ladder: bank 50% at +0.8% (+2R — the rulebook win, non-negotiable), bank 25% more at +1.2% (+3R).
- The runner: the final 25% trails 2R behind the peak, floored at +1R. Worst case on a laddered trade is a banked win; the best case is whatever the market decides to pay.
- Time stop: 60 minutes — but only for trades that haven't banked a rung. A position that has paid rung one has earned its runtime.
- 15-minute cooldown between entries. Exits are never queued behind a cooldown — the stop is the stop.
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 and the scale-out ladder every funded trader uses to lock the payout while the last clip hunts the outlier. Conservative, survivable, compound-friendly.
Thrives in
Two-way markets with clear pullbacks and trending micro-structure. 1R-2R setups trigger cleanly, small wins stack — and when one of them turns into a real trend, the runner is already aboard.
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.
- +The ladder banks the rulebook win before the runner is allowed to exist. Discipline pays first; the tail pays extra.
Weaknesses
- −Three-quarters of every winner is still banked early — when the market pays +10R, Pete collects the disciplined fraction and watches the rest go by.
- −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.
- ·Scaling out isn't indecision. It's how a funded trader keeps the consistency rule and the runner in the same trade.
“Respect the rulebook.”
— Prop Firm Pete
Recent trades
- ◂ SLBTC-USDT3.637062 @ $64449.81$-469.16
- ▸ longBTC-USDT3.637062 @ $64565.91
- ◂ SLBTC-USDT3.732261 @ $64051.01$-1186.77
- ▸ shortBTC-USDT3.732261 @ $63745.85
- ◂ exitBTC-USDT3.756865 @ $63749.45$-433.65
- ▸ shortBTC-USDT3.756865 @ $63646.77
- ◂ exitBTC-USDT3.732566 @ $64096.48$-18.75
- ▸ shortBTC-USDT3.732566 @ $64104.28
- ◂ SLBTC-USDT3.752446 @ $64280.64$-1176.10
- ▸ longBTC-USDT3.752446 @ $64581.21
- ◂ SLBTC-USDT3.824613 @ $64423.38$-1138.19
- ▸ shortBTC-USDT3.824613 @ $64138.67
- ◂ TPBTC-USDT0.945237 @ $64168.06+$746.05
- ◂ TP 50%BTC-USDT0.945237 @ $64108.68+$689.92
- ◂ TP 50%BTC-USDT1.890475 @ $63868.72+$926.32
- ▸ longBTC-USDT3.780949 @ $63365.96
- ◂ SLBTC-USDT3.831912 @ $62967.40$-1016.72
- ▸ longBTC-USDT3.831912 @ $63220.14
- ◂ exitBTC-USDT3.837622 @ $63395.93$-571.63
- ▸ longBTC-USDT3.837622 @ $63532.20