Prop Firm Hub | Page 46 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #901
  • May 8, 2021 7:03pm May 8, 2021 7:03pm
Quoting garfield75
Posting my result from last week on trading FTMO, 5% & Darwinex. No manual trades. All 3 accounts had the same EA with the same configuration. I had reduced risk per trade on 5%, and it still was the worst performance. The EA activated at the same time on all 3 accounts and also catered for 5% broker time being 2 hours behind FTMO & Darwinex. Surprising no a single winning trade on 5%. Next week onward it will be copy trades from Darwinex to FTMO and 5%. I don't think it is a good idea to trade all 3 accounts on individual EA setting, there is some...
very interesting info. Thanks for sharing that. What other variables could be the reason for the discrepancy? I want more confirmation that FTMO's feed is ass.

I was experiencing similar things but their data was messing with my indicators that I used to measure averages because of tick stuffing.


To everyone else,

Fxtallents.com reminds me way too much of theproptrading and is also in Australia. Even the poor spelling grammar to boot. Clearly dodgy.
  • #902
  • May 8, 2021 8:46pm May 8, 2021 8:46pm
Quoting Takisd
{quote} very interesting info. Thanks for sharing that. What other variables could be the reason for the discrepancy? I want more confirmation that FTMO's feed is ass. I was experiencing similar things but their data was messing with my indicators that I used to measure averages because of tick stuffing. To everyone else, Fxtallents.com reminds me way too much of theproptrading and is also in Australia. Even the poor spelling grammar to boot. Clearly dodgy.

I can't think of any other variables, since all of these terminals are running on the same AWS instance and there is no other terminal besides these 3 on the server.
All setting are identical, except for risk per trade on 5%ers.
Based on initial trade results, I am tempted to think service provider manipulation for both FTMO and 5%ers is the primary cause for negative trade results. Their primary revenue model is from trader subscriptions not from trading profit of successful traders.
If an EA that can perform sub-second calculation on price movement across currency pairs and timeframes to take trade cannot be profitable with these feeds, what chance a human has on manipulated price feed.
Even with the copy trader approach next week, I won’t be surprised if a lot of trades are not filled due to pricing mismatch. Will publish the results end of next week.
Trading is SIMPLE not EASY.
  • #903
  • May 8, 2021 11:51pm May 8, 2021 11:51pm
Quoting garfield75
{quote} I can't think of any other variables, since all of these terminals are running on the same AWS instance and there is no other terminal besides these 3 on the server. All setting are identical, except for risk per trade on 5%ers. Based on initial trade results, I am tempted to think service provider manipulation for both FTMO and 5%ers is the primary cause for negative trade results. Their primary revenue model is from trader subscriptions not from trading profit of successful traders. If an EA that can perform sub-second calculation on price...
Different risk+ different equity...
I would probably look into the position sizes the copier picks...it may have to make a rounding up or down, and that can be responsible with just enough discrepancy.
Happens to me on the copier, especially when smaller lot sizes involved.
there is always, always another trade!!
  • #904
  • Edited 2:29am May 9, 2021 1:53am | Edited 2:29am
Quoting profitfarmer
{quote} Different risk+ different equity... I would probably look into the position sizes the copier picks...it may have to make a rounding up or down, and that can be responsible with just enough discrepancy. Happens to me on the copier, especially when smaller lot sizes involved.
Hey Profitfarmer,

There is no trade copier used for the results I have shared so far.

Cheers
Trading is SIMPLE not EASY.
  • #905
  • May 9, 2021 2:49am May 9, 2021 2:49am
Ok.
Is the EA able to proportionately to equity trade the exact same size every entry across all acct?
Does the EA use variable sizes?

Ie. If a 10k acct trade 0.15 lot....what the EA opens on a 1k acct? Surely not 0.015.
When the same accts trade 0.3 lot and 0.03, it is a more correct proportion.
If EA took 10 pip win first entry and 5 pip loss second with above example, ( ignore spread+comm for simplicity),
In theory would expect different result, in reality since there was no 0.015 to place but 0.01 or 0.02, depend the size chosen, the smaller acct will either win or lose but not have the others BE outcome.

Not sure if this is the case, but maybe something like this is behind.

Other thing that come to mind,
If trades sizes variable, EA may have a lower leverage and won't trade proper proportion bcos lack of available free margin.

The rest leaves actual spread at time, and commission rate.

If direct running of EA each acct resulting discrepancy, should expect even more of it with a copier added, bcos it is an extra delay, between different servers and brokers not the advertised 1-2 ms for sure.
there is always, always another trade!!
  • #906
  • May 9, 2021 3:18am May 9, 2021 3:18am
Quoting garfield75
Posting my result from last week on trading FTMO, 5% & Darwinex. No manual trades. All 3 accounts had the same EA with the same configuration. I had reduced risk per trade on 5%, and it still was the worst performance. The EA activated at the same time on all 3 accounts and also catered for 5% broker time being 2 hours behind FTMO & Darwinex. Surprising no a single winning trade on 5%. Next week onward it will be copy trades from Darwinex to FTMO and 5%. I don't think it is a good idea to trade all 3 accounts on individual EA setting, there is some...
Please keep posting these comparisons, very interesting.

Lol even with the reduced risk on 5ers, you have only 0.4% of DD left to breach the limit?
They're gonna offer such a tight DD, and still offer such problematic feed? I wonder what the spreads are like..

What kind of broker is Itexsys? Apparently they're not a broker, more of an MT4 white label. Why couldn't they just directly use MT4 with a broker.
  • #907
  • Edited 3:50am May 9, 2021 3:36am | Edited 3:50am
Quoting garfield75
Even with the copy trader approach next week, I won’t be surprised if a lot of trades are not filled due to pricing mismatch. Will publish the results end of next week.
I copy from Darwinex to FTMO. The results of the FTMO account are better because of the lower transaction costs but the difference is minimal. I also copied from IC Markets to FTMO, results were the same.

If you copy from one broker to another you shouldn’t copy the exact price because there will always be differences in price. If the master account executes a trade, the slave account should execute the trade as well no matter the difference in price.
  • #908
  • May 9, 2021 3:48am May 9, 2021 3:48am
Quoting profitfarmer
If direct running of EA each acct resulting discrepancy, should expect even more of it with a copier added, bcos it is an extra delay, between different servers and brokers not the advertised 1-2 ms for sure.
This shouldn’t make a big difference over a serie of trades because sometimes there is a disadvantage because of the delay and other times the delay is beneficial. Unless you pinpoint all your entries to the tenth of a pip.
  • #909
  • May 9, 2021 7:49am May 9, 2021 7:49am
Not sure if that adds anything, but..

the different liquidity providers use different price models on lower timeframes
- for instance in Wyckoff terms, 1 may use a type 1 schematic and another will use a type 2 schematic on the 5m timeframe, but both respect the same 1Hr candle
  • #910
  • May 9, 2021 2:46pm May 9, 2021 2:46pm
Quoting garfield75
{quote} I can't think of any other variables, since all of these terminals are running on the same AWS instance and there is no other terminal besides these 3 on the server. All setting are identical, except for risk per trade on 5%ers. Based on initial trade results, I am tempted to think service provider manipulation for both FTMO and 5%ers is the primary cause for negative trade results. Their primary revenue model is from trader subscriptions not from trading profit of successful traders. If an EA that can perform sub-second calculation on price...
thanks for sharing your results on the testing you're doing, that's an absolute gem of information for everyone here.
  • #911
  • May 9, 2021 7:23pm May 9, 2021 7:23pm
Quoting blablabla
Not sure if that adds anything, but.. the different liquidity providers use different price models on lower timeframes - for instance in Wyckoff terms, 1 may use a type 1 schematic and another will use a type 2 schematic on the 5m timeframe, but both respect the same 1Hr candle
Is this from your own personal knowledge, @blablabla?

Care to elaborate, esp about its implications for trading?
Amor Fati--F. Nietzsche
  • #912
  • May 9, 2021 8:44pm May 9, 2021 8:44pm
Quoting Dmh
{quote} I copy from Darwinex to FTMO. The results of the FTMO account are better because of the lower transaction costs but the difference is minimal. I also copied from IC Markets to FTMO, results were the same. If you copy from one broker to another you shouldn’t copy the exact price because there will always be differences in price. If the master account executes a trade, the slave account should execute the trade as well no matter the difference in price.
Which program do you use for copying ?
  • #913
  • May 9, 2021 9:02pm May 9, 2021 9:02pm
Quoting snail69
{quote} Which program do you use for copying ?
I use the free one from FXBlue. It is a good one in my opinion, easy to set up, reliable, comprehensive user guide, MT4 and MT5.
https://www.fxblue.com/appstore/2/mt...l-trade-copier
  • #914
  • May 9, 2021 9:14pm May 9, 2021 9:14pm
Added FTMO 10K Challenge to the mix this week.

  1. Will 5%ser recover or blow up this week?
  2. Will FTMO start on a positive note/result?
  3. Will Darwinex continue to deliver positive results?
  4. Will the trade copier make any difference?

These are some of the questions likely to be answered by end of this week.

Attached Images
Trading is SIMPLE not EASY.
  • #915
  • May 9, 2021 10:40pm May 9, 2021 10:40pm
Quoting garfield75
{quote} I can't think of any other variables, since all of these terminals are running on the same AWS instance and there is no other terminal besides these 3 on the server. All setting are identical, except for risk per trade on 5%ers. Based on initial trade results, I am tempted to think service provider manipulation for both FTMO and 5%ers is the primary cause for negative trade results. Their primary revenue model is from trader subscriptions not from trading profit of successful traders. If an EA that can perform...
Disappointing if it is manipulation, but yet to be proven.

As for the comment regarding the 5ers primary revenue model is subscriptions, do you mean to say they are not actually in the business of funding long-term traders?
If yes on what do you base the comment?.....4% max DD and 1:6?
  • #916
  • May 9, 2021 11:59pm May 9, 2021 11:59pm
Quoting Le.Metier
{quote} Disappointing if it is manipulation, but yet to be proven. As for the comment regarding the 5ers primary revenue model is subscriptions, do you mean to say they are not actually in the business of funding long-term traders? If yes on what do you base the comment?.....4% max DD and 1:6?

This is my view and it is based on the results of comparative testing so far to use an automated trading strategy. The DD and Leverage is easy to configure in EA's, but it seems the price feed is the issue.
Trading is SIMPLE not EASY.
  • #917
  • May 10, 2021 12:37am May 10, 2021 12:37am
Quoting garfield75
{quote} This is my view and it is based on the results of comparative testing so far to use an automated trading strategy. The DD and Leverage is easy to configure in EA's, but it seems the price feed is the issue.
Have you tested your EA with other brokers/firms than Darwinex, FTMO and the 5%ers? If yes, do they match the results of Darwinex? If no, I would do that before I tempted to think about price manipulation.

The information you have given until now only shows that your EA produces three different results with three different price feeds. Nothing more.

I'm sure that if you copy from Darwinex to FTMO and you have set up your trade copier correctly so that the slave(receiver) account executes the trades with market orders(best available price) that the results will be the same. I think most trade copiers have that as standard setting, otherwise it becomes a mess with not executed orders/pricemismatches.
  • #918
  • May 10, 2021 12:53am May 10, 2021 12:53am
Quoting garfield75
{quote} This is my view and it is based on the results of comparative testing so far to use an automated trading strategy. The DD and Leverage is easy to configure in EA's, but it seems the price feed is the issue.
would you kindly include the actual equity + lot size for each acct, for the trades in question. you shared only results, without details. very limited info to try to find the issue.
i still feel it may be more a rounding issue of the position size, which doesnt match between accts to the dot, bcos likely cant.
there is always, always another trade!!
  • #919
  • May 10, 2021 12:57am May 10, 2021 12:57am
Quoting Dmh
{quote} Have you tested your EA with other brokers/firms than Darwinex, FTMO and the 5%ers? If yes, do they match the results of Darwinex? If no, I would do that before I tempted to think about price manipulation. The information you have given until now only shows that your EA produces three different results with three different price feeds. Nothing more. I'm sure that if you copy from Darwinex to FTMO and you have set up your trade copier correctly so that the slave(receiver) account executes the trades with market orders(best available price)...
I am sure copy trader will give me the correct result this week when I copy from Darwinex to FTMO and 5%.
Isn't that the whole point of this thread is to figure out how to get the edge with these Prop funds? with all their conditions they have stacked the deck against traders who want to get funding.

if my research and result can help someone else to make an informed decision on how they can approach the process to get a foot in the door, then it meets the objective of the thread IMHO.

"EA produces three different results with three different price feed" is a correct and accurate observation on your part. As a trader, I am questioning the discrepancy between them and providing the benefit of the doubt to Darwinex due to positive result and questioning the underlying motive of the other two provider at this point. This is backed by the result's I have got so far not just an opinion from reviewing their website or online material.
Trading is SIMPLE not EASY.
  • #920
  • May 10, 2021 3:12am May 10, 2021 3:12am
Quoting garfield75
{quote} I am sure copy trader will give me the correct result this week when I copy from Darwinex to FTMO and 5%. Isn't that the whole point of this thread is to figure out how to get the edge with these Prop funds? with all their conditions they have stacked the deck against traders who want to get funding. if my research and result can help someone else to make an informed decision on how they can approach the process to get a foot in the door, then it meets the objective of the thread IMHO. "EA produces three different results with three different...
shabs has the perfect answer for you: https://www.forexfactory.com/thread/...1#post13530311
137 traders viewing now