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  • #1,621
  • Jun 18, 2021 1:32am Jun 18, 2021 1:32am
Quoting Koop
{quote} Thanks for the Spoilers Doji I hope Blake has learnt his lesson from the TradingProp debacle. No more mindless/reckless shilling.
is his "ranking" based on his affiliate links income?
just how relevant a guy like this really is?

* judging by this thread, for some of you looks like a lot...which is a bit sad, really.

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there is always, always another trade!!
  • #1,622
  • Jun 18, 2021 2:15am Jun 18, 2021 2:15am
Quoting pipmaster77
So if a trader is consistently profitable month over month with a prop firm, let's use FTMO as an example, as they payout over a million per month......Do we think they ever copy those particular traders? I mean, that would actually be a smart business decision at that point, no? I am pretty confident My Forex Funds clients are trading on live accounts once funded as well and am almost 100% certain 5%ers traders are as well.
FTMO do appear to have separate servers for demo and funded. Some of their rules for the funded accounts imply that they are genuinely worried about slippage and gapping, rather than just laying traps, which implies copying*. They should certainly have sufficient income from challenge fees to fund traders. Essentially, though, any money they use to fund traders is their own, so they fall outside the financial regulation for brokers and asset managers.

* With Darinex, you can see statistics on how accurately trades copy to investor funds, right down to the individual trade. They call any copying discrepancy 'Divergence', and it can be both positive and negative. It is one of the ways they rank Darwins. So it's down to you as a trader to manage the issues that could affect copying; volatility around news, low liquidity and high spreads at rollover.

* With PAMM accounts, all the investors' funds are aggregated, so there are no copying issues

If these other 'prop' firms wanted to, they could provide similar statistics on copy divergence, etc. It is not a technical limitation, so I presume they have commercial reasons for the lack of transparency.
Always read Post #1
  • #1,623
  • Edited 2:50am Jun 18, 2021 2:15am | Edited 2:50am
Quoting profitfarmer
{quote} is his "ranking" based on his affiliate links income?
Lol seems like it. He lists ThePropTrading as top 5 which has had a number of bad reports and complaints from disgruntled customers, but leave out Funding talent who have had only great reviews. Guess which one he is affiliated to.

Then BluFX? Blu Freaking FX?? smh.
  • #1,624
  • Jun 18, 2021 2:21am Jun 18, 2021 2:21am
Quoting doji
https://www.youtube.com/watch?v=kpspQq0inzM Have you, guys, seen this? Top 3 are: 1. MyForexFunds 2. FTMO 3. Lux
Another PooTube link ... aaaah!!
Always read Post #1
  • #1,625
  • Jun 18, 2021 2:56am Jun 18, 2021 2:56am
Quoting Koop
{quote} Lol seems like it. He's gonna list ThePropTrading as top 5 which has had a number of bad reports and complaints from disgruntled customers, but leave out Funding talent who have had great reviews. Guess which one he is affiliated to. Then BluFX? Blu Freaking FX?? smh.
irrelevant to quote i just wanted to ask you something here since you follow my thread.

do you genuinly believe that any trader, trading the way i do, can succed with news restrictions?

ps. for all the other readers here, i do not scalp news, news just move the market in my favor 80-90% of the time and when its slow i just wait for them to move it without cosing positions
offering my system to copy trade. check my link
  • #1,626
  • Jun 18, 2021 3:47am Jun 18, 2021 3:47am
Quoting nikosk0
{quote} irrelevant to quote i just wanted to ask you something here since you follow my thread. do you genuinly believe that any trader, trading the way i do, can succed with news restrictions? ps. for all the other readers here, i do not scalp news, news just move the market in my favor 80-90% of the time and when its slow i just wait for them to move it without cosing positions
I do. I believe the strategy can succeed with news restriction .... BUT not as efficiently/effectively as it would if at any time you could close trades that the news momentum has helped you push.
  • #1,627
  • Jun 18, 2021 4:14am Jun 18, 2021 4:14am
Quoting Koop
{quote} Lol seems like it. He lists ThePropTrading as top 5 which has had a number of bad reports and complaints from disgruntled customers, but leave out Funding talent who have had only great reviews. Guess which one he is affiliated to. Then BluFX? Blu Freaking FX?? smh.
I have no idea why traders would even bother with this guy's 'recommendations'.

Masterrmind ........
Master your Mind then Master your Trades
  • #1,628
  • Jun 18, 2021 4:25am Jun 18, 2021 4:25am
Quoting profitfarmer
{quote} is his "ranking" based on his affiliate links income? just how relevant a guy like this really is? * judging by this thread, for some of you looks like a lot...which is a bit sad, really. {image}

I take Blake's reviews with more than a grain of salt, PF.

But to be fair, he provides some measure of service: his interviews with prop firm founders give us info about what's going on in this space. It is then up to us to winnow the chaff from the grain (read: do due diligence).

(Tbh, I even used his code to get a discount when I signed up with the one I'm currently using).
Amor Fati--F. Nietzsche
  • #1,629
  • Jun 18, 2021 5:33am Jun 18, 2021 5:33am
Quoting nikosk0
{quote} irrelevant to quote i just wanted to ask you something here since you follow my thread. do you genuinely believe that any trader, trading the way i do, can succeed with news restrictions? PS. for all the other readers here, i do not scalp news, news just move the market in my favor 80-90% of the time and when its slow i just wait for them to move it without closing positions
Very much true Nikosk0. The news act very often as accelerator for the price in already set direction.
  • #1,630
  • Jun 18, 2021 6:03am Jun 18, 2021 6:03am
Quoting nikosk0
{quote} irrelevant to quote i just wanted to ask you something here since you follow my thread. do you genuinly believe that any trader, trading the way i do, can succed with news restrictions? ps. for all the other readers here, i do not scalp news, news just move the market in my favor 80-90% of the time and when its slow i just wait for them to move it without cosing positions
MyForexFunds, the 5%ers, both allow holding through the news. With the 5%ers, I ONLY recommend the "summer plan".
  • #1,631
  • Jun 18, 2021 7:17am Jun 18, 2021 7:17am
Quoting pipmaster77
{quote} MyForexFunds, the 5%ers, both allow holding through the news. With the 5%ers, I ONLY recommend the "summer plan".
Their support sucks though. I noticed they've introduced this fibie bot since end of Apr which replaces humans on live help and the bot is no good. circular logic over there

Now when you write to their email, their agent replies via help ticket. Problem is I cannot login to their help center website to view tickets; it keeps saying id/pw invalid although I have no problems logging on with that combination on main site? Wrote to them again to help me fix this login problems, but no replies until today...

Dropped the rep here a PM but no reply from him yet.

Quoting Koop
{quote} I do. I believe the strategy can succeed with news restriction .... BUT not as efficiently/effectively as it would if at any time you could close trades that the news momentum has helped you push.
Exactly. If one were trading commodities like Crude or Natural gas in fact, you would see the weekly reports can cause huge swings in your favor esp if you got into a good position much earlier, thus I never understood why a lot of these 'prop firms' demand we be flat before news? They should factor in the person's trading style, e.g is he a scalper vs longer term trader.

I mean if you took signals based on daily or hourly charts, news is just a small blip on your overall plan. But if on other hand, one takes 10-20 trades an hour based on 1-3 min then ok maybe they do have an issue with news trading esp if guy is usually scalping 1-8 ticks/ pips then suddenly decides to 'gamble' 100+ pips/ticks on upcoming report.
  • #1,632
  • Jun 18, 2021 9:36am Jun 18, 2021 9:36am
Quoting pipmaster77
{quote} MyForexFunds, the 5%ers, both allow holding through the news. With the 5%ers, I ONLY recommend the "summer plan".
Add Funding Talent to that list.

In other news, They recently launched their own MT4 server too and the spreads and execution is incredibly good. Support is great as well.
  • #1,633
  • Jun 18, 2021 9:39am Jun 18, 2021 9:39am
There appears to be a vast number of posts based on theory and speculation and seemingly about 0.5% from people who are actually trying these 'prop' firms out and next to zero from any traders who are making a regular income using them.

That says a great deal to me....
He was looking for the card so high and wild hed never need to deal another
  • #1,634
  • Jun 18, 2021 10:28am Jun 18, 2021 10:28am
Quoting doji
{quote} I take Blake's reviews with more than a grain of salt, PF. But to be fair, he provides some measure of service: his interviews with prop firm founders give us info about what's going on in this space. It is then up to us to winnow the chaff from the grain (read: do due diligence). (Tbh, I even used his code to get a discount when I signed up with the one I'm currently using).
Agree.

Like the Trader's Prop interview where the "CEO" was sitting in his bed and couldn't be bothered to even comb his hair for the big Blake interview. I mean how much more of a red flag do you need?
Pride always comes before destruction.... -Proverbs 16:18
  • #1,635
  • Jun 18, 2021 11:33am Jun 18, 2021 11:33am
Quoting dr_who
There appears to be a vast number of posts based on theory and speculation and seemingly about 0.5% from people who are actually trying these 'prop' firms out and next to zero from any traders who are making a regular income using them. That says a great deal to me....
Hey Doc, you just haven't looked in the right places. This particular thread wasn't necessarily started in order to share results or profit earnings, rather for the purpose of discussing issues, terms/conditions surrounding these pseudo prop firms based on individual first hand experience or otherwise.

For proof of pay outs received by Traders(some of which engage here daily) you should visit the individual or official threads of some of the prop firms discussed here.

The FTMO thread has a slew of pay out proofs..
Likewise the 5ers thread.
Some Trading Journals from Traders like Freefox, Akarmp, Fxsniper and Mtinifx etc. also contain proof of received profit split payments from Funding Talent, FTMO and MyForexFunds.

Here, what you'll mostly see is people searching for newer firms to try ... guys funded with other firms who just want to diversify and First timers alike.

So calm the f. Down Doc.

Also taking my first challenge with Funding Talent. I should have some report for you in a few weeks.
  • #1,636
  • Jun 18, 2021 11:41am Jun 18, 2021 11:41am
Quoting Expo33
{quote} Agree. Like the Trader's Prop interview where the "CEO" was sitting in his bed and couldn't be bothered to even comb his hair for the big Blake interview. I mean how much more of a red flag do you need?
Come on Expo, the man is a Multi-millionaire, he doesn't care about such irrelevancies.
  • #1,637
  • Jun 18, 2021 12:57pm Jun 18, 2021 12:57pm
Quoting Koop
{quote} Come on Expo, the man is a Multi-millionaire, he doesn't care about such irrelevancies.
Don't laugh. There is one such person too in my country, who does not even have his 'investment and portfolio' company registered as a business entity yet he is selling courses to noobs online and promising them they can manage his money if they become his star student?

Guy has no trading records, no tax returns to show (he claims he pays 0 taxes despite making millions but impossible according to taxman here unless you earn below 20k a yr as employee or below 6k as self employed) either. I saw he runs a family office so I checked it out and his paid up capital is so small that there's no way any MM will let him run a 10million USD acct based on that alone. Also, he is his own registered employee in their 2 man firm.
  • #1,638
  • Jun 18, 2021 2:18pm Jun 18, 2021 2:18pm
One miracle down, two to go. First phase of the no-risk 5ers summer gambling program completed in 9 revenge trading days. (I mean they are looking for really good traders that have no skin in the game)

Hey, there's always time for fun and self-promotion on someone else's thread, right?
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Pride always comes before destruction.... -Proverbs 16:18
  • #1,639
  • Jun 18, 2021 2:23pm Jun 18, 2021 2:23pm
Quoting Expo33
One miracle down, two to go. First phase of the no-risk 5ers summer gambling program completed in 9 revenge trading days. (I mean they are looking for really good traders that have no skin in the game) Hey, there's always time for fun and self-promotion on someone else's thread, right? {image}
Nice job, I am trading that thing so small probably going to take 3 months lol. At the end....$300 for 4K in DD is a pretty good deal though.
  • #1,640
  • Jun 18, 2021 3:38pm Jun 18, 2021 3:38pm
Quoting pipmaster77
{quote} Nice job, I am trading that thing so small probably going to take 3 months lol. At the end....$300 for 4K in DD is a pretty good deal though.
Thanks!

No pressure just trade like a maniac and enjoy it.
Pride always comes before destruction.... -Proverbs 16:18
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