In a recent interview, Abduttawwab, a trader from Surabaya, Indonesia, discussed his trading experience and insights.
In a recent interview, Abduttawwab, a trader from Surabaya, Indonesia, discussed his trading experience and insights.
Here are the Highlights of the article “Abduttawwab Shares His Success Story in FundedNext Interview”:
In a recent interview, Abduttawwab, a trader from Surabaya, Indonesia, discussed his trading experience and insights while navigating the world of prop trading with FundedNext. With over a year and a half of trading under his belt, Abduttawwab has embraced a strategy that combines breakout and pullback techniques, focusing primarily on gold, GBP/JPY, the US index, oil, and cryptocurrencies like Bitcoin and Ethereum.
During the interview, Abduttawwab explained his transition to FundedNext after his previous firm, MFF, faced issues with the SEC. He highlighted the importance of “following the trend” in trading, emphasizing its role in his consistent success.
He demonstrated one of his go-to strategies: waiting for a breakout, followed by a pullback, and then riding the trend upward. With a keen eye on the 1-hour chart, Abduttawwab aims for a one-to-one risk-reward ratio but adjusts based on market news. He mentioned that during periods of significant USD news, such as in May 2024, he adapted his strategy to account for the volatility.
On using technical indicators, he mentioned, “I sometimes use stochastic indicators, but not always. I rely mostly on price action and market structure.”
Abduttawwab is currently evaluating for a $100K funded account after passing phase one with FundedNext. He shared his satisfaction with the firm’s offerings, particularly praising the flexibility of their minimum trading days rule and the 95% profit split. “FundedNext’s client service has been excellent, and the guaranteed payout if there’s a delay is an amazing feature. I’m relieved they aren’t based in the US, unlike my previous firm,” he noted, referencing the recent troubles in the US prop trading industry.
When asked if he had any advice for traders struggling to get funded, Abduttawwab kept it simple: “Just follow the trend, man. Just follow the trend.”
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