Pride always comes before destruction.... -Proverbs 16:18
DARWINEX ZERO All Time Return:
23.5%
prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
DislikedFunded Academy New kid on the block with a new model. They have the traditional challenge model but they have an interesting low-risk way for traders to earn a free challenge. Registered in NSW on July 29th. They allow you to use Trader's way, Fxchoice, or Tc Bridge to trade your own money to try and earn the free challenge. Taksid, if you're feeling well enough and have some free time could you rip this company to shreds for us. Thanks in advance. https://www.fundedacademy.com.au/own-deposit-program {image} It's almost like they are...Ignored
Dislikedbroker tcbridge.. i saw this name on traders central site so probably another "white label" .Ignored
DislikedFunded Academy New kid on the block with a new model. They have the traditional challenge model but they have an interesting low-risk way for traders to earn a free challenge. Registered in NSW on July 29th. They allow you to use Trader's way, Fxchoice, or Tc Bridge to trade your own money to try and earn the free challenge. Taksid, if you're feeling well enough and have some free time could you rip this company to shreds for us. Thanks in advance. https://www.fundedacademy.com.au/own-deposit-program {image} It's almost like they are...Ignored
DislikedMFF Challenges $100K :: BE+ [most likely will opt for the free retake unless I manage to get the 200K account back to BE or hit PT early in the week] $200K :: ~4.1% under water. I have about 3 trading days left to turn the 200K challenge around so time is against me. Since time is against me I have only a few options: 1. Trade at 'reasonable' volume and attempt to get the account back to $200000 over a 3 day period for a free retake; 2. Trade at 'significantly' higher volume and use most of the allowable daily DD as my stop (MFF Daily DD = 5% of...Ignored
Disliked{quote} When the market opens tomorrow, I am sure you will know which option you going to go with. All the best for whichever option you select.Ignored
Disliked{quote} Yes already know which option but it will be cemented once I see the charts. Symbol will be Gold. 20 lots on Gold over a ~$12.13 favorable asset move and PT is hit ! On the flip side it only takes about a $4.50 asset move against me and I'm out for the day ! If it pear shapes then I start the next day and have another go. Masterrmind............Ignored
Disliked{quote} Fingers crossed! Do you bet on golds recovery next week or you decide according to the price action? Pitty MFF does not offer weekend crypto trading (i guess)Ignored
Disliked{quote} Yes certainly a weekend trading opportunity might be useful but with MFF not possible. As for Gold my analysis has it on a longer term pivot. It could go either way short term. I'll see how it's moving early on and if there's an opportunity to get into a trade. TE will show the trade. Masterrmind .........Ignored
Disliked{quote} Maybe trade as you would on any normal day for the first two days... Then YOLO the account with the highest lot size possible on the last day, especially if you would be losing it anyways. Good Luck. May also be best to focus of the currently available accounts before thinking of purchasing another..The pressure can be overwhelming.Ignored
Disliked{quote} Who cares it's pain for a broker? It's their problem, not mine. For manual traders, it maybe does not matter. However, algo traders like me do not have other reasonable options for how to skip UI (the platform) and connect directly to the server. I know only JForex and cTrader alow it. Metatrader is behind both of hundred light-years (and even MT5 with its Python capabilities). MQL is rather funny than a tool for serious algo trading. There is also FIX available but it's not usually for free (apart from FxPig offer) and has got its own limitations....Ignored
Disliked{quote} but they aren't a broker? They are a prop firm. And whilst they accept EA's, prop's become quants very quickly when they provide full spec tech to algo builders. You manage the two different types of entities very differently. If you have a lot of automated flow as well your liquidity gets more expensive and the likelihood of rejections increases 10 fold. I would put money on any entity running C-trader warehousing almost all the orders because they dont want to have a base spread of 0.6 on EUR/USD to tailor to the automated toxic flow....Ignored
Disliked{quote} Certainly if hitting the target is achieved under these conditions it's not really good trading rather it's simply good fortune. Let's see how the 1st and 2nd days pan out. Hold on tight ! ps. Post 1 shows what happened to the other accounts. Masterrmind .........Ignored
Disliked{quote} Fair enough. But retail low frequency algo trading is not HFT nor Market Making HFT so it can not be identified or categorized as toxic order flow at all. So your assumption is not correct. Never mind. It derails the thread's subject anyway.Ignored
Disliked{quote} I think its an interesting topic re: prop firms and Algo trading. The only thing I will say is that institutional spreads aren't 0 or 0.1 for EURUSD. You can only get retail feeds that low and so all automated trading is toxic on those feeds.Ignored