School · First steps If you have never traded This page is for someone who has never placed a trade. You do not need a broker, a chart, or a strategy to start. You need the picture of what a market is, what a price is, and what it costs to stand in one. The named setup comes last on purpose. 61 sheets · Open on this screen Staff · Due diligence Host and place The shop trading host expires 5 September 2026. That is not the website server. You log the terminal into the firm's book from a host that firm allows. Named trader must be the clicker. 16 sheets · Open on this screen Staff · Seats Multi-seat operations A power of attorney between partners does not bind a prop firm. Who the firm named is who may click, unless that firm wrote a different path. 13 sheets · Open on this screen Staff · Hosts Trading host and VPS One Windows host can run two or three MT5 installs for the same person. Do not use /portable on a VPS. Disconnecting RDP is not signing out of the firm. 11 sheets · Open on this screen School · How to use How to use this institute Read in this order. Click the figures. Ask the tutor the question on the page, not a question about next week's edge. The book, the walkthroughs, and the diagrams are the same curriculum in three speeds. 22 sheets · Open on this screen School · Mechanics Market mechanics: what you are actually trading A pair is two positions. A pip is a convention. A lot is volume. Spread is a tax you pay on the way in. Leverage is a loan. Notional is the size of the bet. Confuse any two of those and an account that 'looks fine on margin' is already dead. 27 sheets · Open on this screen School · Price Reading price: structure, liquidity, and gaps A candle is an auction. The wick is where the auction failed. Pools of stops sit beyond obvious highs and lows. A fair value gap is skipped inventory, not a magic portal. None of this, by itself, is a trade. 20 sheets · Open on this screen School · Risk Risk, ruin, and why systems exist Win rate is not the business. Expectancy is average R per trade. Drawdown is a path, not an average. Prop daily-loss rules bind before any of that math. Psychology is relocated into the system so a Tuesday mood cannot raise size. 12 sheets · Open on this screen Staff · Chapter 4 The guard pipeline: propose, then dispose A strategy proposes at most one intent. It does not size. It cannot override risk. Independent guards then accept or deny. Most intents die there. This split is why 2026-08-19 was survivable. 12 sheets · Open on this screen School · Silver Bullet Silver Bullet, step by step One hour of New York. Sweep the pool and close back inside. Tap a volume node. Displacement leaves a three-candle gap. Stop beyond the node-tap wick — not the sweep wick. The volume filter's edge is Unknown. This is education, not a live signal. 22 sheets · Open on this screen Staff · Chapter 6 Holdout discipline: when a backtest is a costume Most archived backtests here are not out-of-sample. 3 of 62 stage files qualify. One window was shared across 23 files inside about 2,900 runs. A healthy profit factor on a burned window is what overfitting looks like. 6 sheets · Open on this screen Staff · Chapter 7 Building an EA in this stack The Expert Advisor is not a script that 'just trades'. It is a proposer behind a guard wall, compiled for a specific terminal, with evidence that can be replayed. Line-by-line MQL5 lives next to the engine, not in this book. 8 sheets · Open on this screen Staff · Chapter 8 Running the desk Seats, not heroes. Checkpoints, not time served. Fulfilment never needs research clearance. Owner-only forever: portal logins, signing keys, the vault, weakening a fail-closed default. 8 sheets · Open on this screen