## Demo 1: Default Output (Challenge Playbook) **Model:** Claude 5 Sonnet **Input:** - PROP_FIRM: FTMO - ACCOUNT_SIZE: $25,000 - CHALLENGE_PHASE: Phase 1 - RISK_PROFILE: moderate - TRADING_STYLE: SMC - M15 breaker + FVG **Output:** > **Disclaimer:** Educational simulation only — not financial advice. Hypothetical rules and math for paper trading. # Prop Firm Challenge Study Plan (Simulation) *Firm: FTMO | Account: $25,000 | Phase: Phase 1 | Risk: moderate | Style: SMC - M15 breaker + FVG — Hypothetical* ## Executive Summary **Study Verdict:** STUDY **Confidence:** MEDIUM FTMO $25k Phase 1 needs $2,000 profit (8%) in 30 days with 5% daily / 10% max loss. At moderate 0.75% per trade ($187.50) and M15 SMC, you need ~11 net winners at 1:2 — paced at $100/day, you pass in 20 trading days without forcing. Two losses = flat for the day. **Next:** Start Monday London killzone, max 2 trades/day, journal every close. --- ## 1. Firm Rules Decoded (For This Phase) ### Rules Table | Rule | Value | Source / Note | |---|---|---| | Profit Target | 8% = $2,000 | FTMO Phase 1 | | Max Daily Loss | 5% = $1,250 | Equity-based | | Max Total Loss | 10% = $2,500 | Equity-based | | Min Trading Days | 4 days | Must place at least one trade | | Time Limit | 30 days | Can extend free on request | | Other | No weekend hold on some asset classes | Check FTMO docs | ## 2. Risk Mathematics (For The Given Account) ### Per-Trade Math | Account | Risk Per Trade | Stop Distance | Lot Size | Daily Loss Ceiling | Daily Profit Ceiling | |---|---|---|---|---|---| | $25,000 | 0.75% = $187.50 | 30 pips EURUSD | 0.62 lots | $375 (2 losses) | $250 | Math: $187.50 / 30 pips / $10 per pip per lot (EURUSD) = 0.62 lots. Daily ceiling = 2 × per-trade risk to stay well under 5% daily. ### Daily Budget - Max 2 trades per day, max 3 per week if at -2R - Daily profit target $100 (pace to $2k in 20 days) - If daily loss $375 hit → flat, no second session ## 3. Trading Style Fit ### Style × Phase Assessment M15 SMC suits FTMO 30-day window: 2-3 setups per week, fits 4-day minimum easily, no need to scalp. Breaker strategy respects 5% daily because stops are 25-35 pips. ### Recommended Universe EURUSD + GBPUSD, M15, London 08:00-11:00 NY, no news 5 min either side ## 4. Target Ladder (Time-Aware) ### Day-by-Day Profit Ladder | Day | Target Profit | Cumulative | Status | |---|---|---|---| | 1-4 | $100/day | $400 | Build buffer | | 5-10 | $100/day | $1,000 | Halfway | | 11-20 | $100/day | $2,000 | Pass | Buffer: 10 extra days unused; no forcing. ### Circuit Breakers - Daily loss $375 → flat, review - Weekly loss $750 → pause 2 days - Profit +$1,500 → reduce to 0.5% to lock consistency ## 5. Pre-Trade & Daily Checklists ### Pre-Trade (All Must Pass) - ☐ FTMO equity vs balance checked (daily loss is equity) - ☐ Spread < 0.2, news clear, breaker intact - ☐ Lot 0.62 computed, stop 30 pips, TP 60 pips ### Daily Close Checklist - ☐ Logged, equity drawdown checked, tomorrow's lot set ## 6. Execution Plan ### Sessions to Trade London killzone only, M15 closes only ### What to Avoid No news trades, no adding to losers, no >2 trades/day ### First Action Tomorrow Mark breakers on EURUSD/GBPUSD H1, set alerts at OBs ## 7. After Passing ### What Changes Phase 2 target 5% ($1,250) with same risk — tighter, easier. Verification is 60 days. ### Common Post-Pass Mistakes Halving risk too early, changing style after passing