How to Pass Apex Trader Evaluations (2 FAST Methods) NinjaTrader 8

Summary

In this video, the creator shares two effective strategies for passing the Apex Trader funding evaluations. The first involves using red folder news events like non-farm payrolls or core CPI, where price movements can be substantial. The creator demonstrates a technique using NinjaTrader 8 to set orders before the news release. The second strategy is simpler, focusing on buying the dip and selling the rip with small, consistent targets to pass evaluations quickly. With these methods, the creator has successfully passed multiple evaluations and accumulated significant profits, sharing insights for aspiring traders aiming to achieve similar results.

Takeaways

• 😀 Using red folder news events (like nonfarm payroll and core CPI) can lead to large market moves, making them ideal for passing Apex trader evaluations.
• 😀 News events that typically cause large market moves include nonfarm payroll, core CPI, and core PPI. These events often move markets by 20-100 points or more.
• 😀 It’s crucial to wake up 15-30 minutes before a red folder news event to prepare your trading setup and ensure you can react swiftly.
• 😀 Using NinjaTrader 8, a specific preset strategy (OC5) with a 62-tick profit target can help achieve consistent results during volatile news events.
• 😀 Place buy and sell stop orders 20-30 points above and below the current price just before the news release to capture significant market moves in either direction.
• 😀 Avoid placing orders too close to the current price as the market can sometimes move earlier than expected, leading to losses.
• 😀 Instead of using the OCO (One-Cancels-the-Other) order strategy, you can split your risk across multiple accounts for better coverage and security.
• 😀 If using multiple accounts, apply the Apex trade copier to synchronize trades across accounts for larger potential profits and to hedge against losses.
• 😀 The second method to pass Apex evaluations involves trading by buying dips and selling rips, aiming for small but consistent profits (5-10 points on NQ).
• 😀 Aim for a $2,000 profit target per trade to pass the evaluation, with 10 successful trades needed to complete the 300K account pass in a few days.

Q & A

What is the first strategy for passing Apex Trader funding evaluation?

The first strategy involves using red folder news events, such as Non-Farm Payrolls, Core CPI, and Core PPI. These events typically cause large market movements, providing an opportunity to pass the evaluation if timed correctly.

Why are red folder news events effective for passing the evaluation?

Red folder news events often lead to significant price movements (e.g., 20-100 points or more), especially during important releases like Non-Farm Payrolls, which makes them a good opportunity to place trades and pass the evaluation.

How should one prepare for trading during red folder news events?

You should wake up 15-30 minutes before the news event to set up your trading account, ensuring you have preset strategies and are ready to execute trades as soon as the event happens.

What platform and settings are used for executing trades during red folder news events?

The strategy is executed using NinjaTrader 8, with a preset ATM strategy called 'red folder oc5' for a 50K account. The profit target is set to 62 ticks to account for commissions.

What’s the reasoning behind the 62 tick profit target in NinjaTrader 8?

The 62 tick profit target is chosen because each point on the NQ is equivalent to 4 ticks. The target is adjusted for commissions, ensuring the evaluation is passed even after the commission is accounted for.

What is the process for setting up orders during the red folder news event?

You should place a buy stop and sell stop 20-30 points higher and lower than the current price, right before the news event. This ensures that you're prepared for either direction the market might move.

What is the potential problem when placing orders too early for red folder news events?

Placing orders too early can cause unexpected trades if the market jolts before the news event, potentially resulting in losses. It’s recommended to place the orders just 10-15 seconds before the event to avoid this.

What is an OCO (One Cancels Other) order, and why should you be cautious with it?

An OCO order ensures that if one order is triggered (either the buy or the sell), the other is canceled. It’s important to be cautious with this setup because if the market reverses quickly after a trigger, you could lose the trade and blow your account.

What alternative strategy is suggested if the OCO order doesn’t work well?

Instead of relying on an OCO order, the suggestion is to place multiple trades in both directions on separate accounts, increasing the chances of passing the evaluation if one direction moves against you.

What is the second strategy for passing Apex Trader funding evaluation?

The second strategy is to trade using a simple approach: buy the dip, sell the rip, and cover on the dip. This strategy involves taking smaller profits consistently, aiming for 5-10 points per trade.

How does the 'buy the dip, sell the rip' strategy work for passing the evaluation?

The strategy involves buying when the market dips and selling when it rips (moves upward). The goal is to take profits from small, consistent price movements, typically aiming for 5-10 points, which can accumulate into significant profits when trading multiple contracts.

How can trading multiple contracts affect the results of this strategy?

Trading multiple contracts amplifies the potential gains. For example, using 11 contracts with a 5-point target can result in a profit of $1,100. When a trade moves in your favor by more than 5 points, the profits can significantly increase.

What is the target profit per trade for passing a 300K evaluation?

The target is to make $2,000 per trade. To pass the 300K evaluation, this needs to be achieved 10 times, though sometimes larger price movements can lead to higher profits from a single trade.

Why is it important not to be greedy with this strategy?

Greed can lead to holding onto trades for too long, hoping for more profits. This can backfire if the market reverses quickly, leading to large losses and potentially blowing the account. The key is to take profits when they are available and avoid holding and hoping for larger moves.

What happens after passing the evaluation and getting funded?

Once the evaluation is passed and the account is funded, the trading strategy changes. The strategy shared in the video is primarily for passing the evaluation, and a new strategy for managing a funded account will be shared in future content.