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Anyone trading with a Prop firm 31 replies

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  • #8,101
  • May 21, 2022 10:23pm May 21, 2022 10:23pm
Quoting Nsak3y
30 seconds to copy trades? No way. If that is true, then that is unacceptable in my opinion.
Totally agree !

In this modern age of technology they still want 30 seconds ...you have got to be kidding.

Masterrmind ...........
Master your Mind then Master your Trades
  • #8,102
  • May 21, 2022 10:34pm May 21, 2022 10:34pm
I am not sure if e8 firm offers scaling for normal e8 accounts.

As I could see, the overall loss of 8 % is scaled up upon every withdrawal.

However capital scaling not offered.

ELEV8 account offers though.
Intraday only.
  • #8,103
  • May 21, 2022 10:35pm May 21, 2022 10:35pm
Quoting Expo33
{quote} 8% overall drawdown, 60% profit split, not a single review on Trust Pilot, Basil the resurrector missing in action for 3 weeks? I wouldn't touch tentoptraders with a ten foot pole. But good luck. Hope it somehow works out
At least he has been emailing but not active on the FF forums lately.

Could it be that Sam and Basill are one and the same person ... nah couldn't be could it

From my situation, I have a $20K challenge 'gifted' to me by the 'new T10T' operator, Basill however, my head hurts trying to make sense of it.

Woeful conditions, makes me wonder if I should just not bother and move on.

Masterrmind ........
Master your Mind then Master your Trades
  • #8,104
  • May 21, 2022 11:43pm May 21, 2022 11:43pm
Quoting Masterrmind
Check out the 'Scale Up' on the post above ! Scaling Up sequence involves doubling the account twice, then after the hard work has been done they scale you at 20% for 20% gain. Masterrmind ..........
Recall the T10T Scale Up !

Just think for a moment how long it is likely to take to double an account using 4% DD and a 2% max open risk strategy !

Then if by pure magic you manage to double the account ... wait for it ... you gotta do it all over again ...

This song comes to mind:

Inserted Video


Masterrmind .............
Master your Mind then Master your Trades
  • #8,105
  • May 22, 2022 12:32am May 22, 2022 12:32am
Quoting Masterrmind
{quote} At least he has been emailing but not active on the FF forums lately. Could it be that Sam and Basill are one and the same person ... nah couldn't be could it From my situation, I have a $20K challenge 'gifted' to me by the 'new T10T' operator, Basill however, my head hurts trying to make sense of it. Woeful conditions, makes me wonder if I should just not bother and move on. Masterrmind ........
Hey MM,

Personally I think your energy would be better spent elsewhere. I do not know how many even got the "recovery" account details. So far you are the only one I have heard of....

good luck with it.
  • #8,106
  • May 22, 2022 12:49am May 22, 2022 12:49am
Quoting maahome
{quote} Hey MM, Personally I think your energy would be better spent elsewhere. I do not know how many even got the "recovery" account details. So far you are the only one I have heard of.... good luck with it.
The more I think about it the less motivated I become due to the unfavorable conditions.

You are right,energy could be better spent elsewhere.

Funny really since this account didn't cost me a dime but I feel tired just thinking about it and what it entails.

Might be best to simply sit back and let the Bank team complete their investigation.

Are you saying you didn't receive an account ?

Basill emailed them out yesterday.

Ditto Trade is feeling like hitting the jackpot at this stage but I'm still waiting to get started with them due to strict ASIC conditions, hopefully ready by month end for an early June start, fingers crossed.

Masterrmind .........
Master your Mind then Master your Trades
  • #8,107
  • May 22, 2022 1:07am May 22, 2022 1:07am
Quoting maahome
{quote} Hey MM, Personally I think your energy would be better spent elsewhere. I do not know how many even got the "recovery" account details. So far you are the only one I have heard of.... good luck with it.
Email from T10T as follows:

"
tenTOPtraders ( TTT )

Below, you will find your Mt4 Phase1 evaluation account login credentials
The enclosed attachments contain rules & conditions.
After you login to your MT4 account, be sure to adhere to the Trading Objectives and Rules.
Upon meeting the Trading Objectives in evaluation phase1, you will advance to Phase2 evaluation account with new credentials.

Instruments allowed: Please be sure not to trade any instrument not listed. The provider of our accounts dictates this rule & any breach will lose the account for you & TTT.
All Forex.ECN pairs…Plus Cash Indices1: US30, SPX500, GER30…. & XAUUSD.ecn
Trading any instruments not specified will not count towards total profit and could lead to disqualification.
For more details regarding Program Rules please refer
to: https://www.tentoptraders.com/faq/

When your evaluation account reaches the profit target, please stop trading & notify us by email.
Your statement analysis can be found here.
Should you have any questions or concerns please do not hesitate to contact us at [email protected]

Mt4 Evaluation account
MexAtlantic-Demo.

Login:xxxxxxxx80
Password:xxxxxxxx
Investor:xxxxxxx


Best of luck,
Basill
TTT

"
Note: The only part modified in the above quote is the account number and login passwords, the rest is exactly what I received along with the 4 attachments which I have posted in an earlier post.

The statement analysis link was NOT active in the email sent to me !

I didn't even know it was going to be $20,000 until I logged into the account but ofcourse from previous correspondence I did have a pretty good idea, just hoping for a bigger account start.

Masterrmind ............
Master your Mind then Master your Trades
  • #8,108
  • May 22, 2022 1:25am May 22, 2022 1:25am
Anyone Using Blue Guardian Capital ? how was spread ?
and what broker they use ? thank you
  • #8,109
  • May 22, 2022 1:54am May 22, 2022 1:54am
Quoting HengkiTjen
Anyone Using Blue Guardian Capital ? how was spread ? and what broker they use ? thank you
Never used them but a simple search of their FAQ reveals the broker they use.
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Pride always comes before destruction.... -Proverbs 16:18
  • #8,110
  • May 22, 2022 2:05am May 22, 2022 2:05am
I haven’t done any further research apart from browse their site.

They claim to have their own LP and at least identify the owners and provide a bit of a background, UK based. I’ll have a closer look later but if anyone has any experience of them, might be interesting to hear your views?

https://alphachain.co.uk/about-us/
  • #8,111
  • Edited 3:00am May 22, 2022 2:36am | Edited 3:00am
Quoting navk
I am not sure if e8 firm offers scaling for normal e8 accounts. As I could see, the overall loss of 8 % is scaled up upon every withdrawal. However capital scaling not offered. ELEV8 account offers though.
The regular e8 accounts scale based on profit made per payout period...

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  • #8,112
  • May 22, 2022 4:46am May 22, 2022 4:46am
Quoting CableJ
{quote} The regular e8 accounts scale based on profit made per payout period... {image}
Scaling in that diagram is basically not withdrawing the money and keeping it there. That's what happens in almost all firms (I think only FTMO cuts his share of the profit if trader doesn't withdrawal the profits).
  • #8,113
  • May 22, 2022 5:34am May 22, 2022 5:34am
hmmmmm that is not how its described in the FAQ... maybe I'm misinterpreting it?

Do you offer scaling? | E8 Funding Help Center

We have two different scaling programs. Our ELEV8 Program is the most aggressive scaling option for traders who want to rapidly increase their trading balance. All other E8 Funded accounts have a more conservative approach to scaling which rewards consistency and lets you grow your account balance at your own pace.

How it works:
Request your profit share at the end of each trading period, and we will send you 80% of the profits you have earned and add back the balance before the withdrawal to increase your account size.
  • #8,114
  • May 22, 2022 6:31am May 22, 2022 6:31am
Quoting CableJ
hmmmmm that is not how its described in the FAQ... maybe I'm misinterpreting it? Do you offer scaling? | E8 Funding Help Center We have two different scaling programs. Our ELEV8 Program is the most aggressive scaling option for traders who want to rapidly increase their trading balance. All other E8 Funded accounts have a more conservative approach to scaling which rewards consistency and lets you grow your account balance at your own pace. How it works: Request your...
What a mess... I had read the normal FAQs and T&C but haven't checked that help centre.
I think you're interpreting it correctly. It sound that we can withdraw profits and they put it back in the account if we request.
Thanks for noting this !
  • #8,115
  • May 22, 2022 9:27am May 22, 2022 9:27am
Quoting CableJ
hmmmmm that is not how its described in the FAQ... maybe I'm misinterpreting it? Do you offer scaling? | E8 Funding Help Center We have two different scaling programs. Our ELEV8 Program is the most aggressive scaling option for traders who want to rapidly increase their trading balance. All other E8 Funded accounts have a more conservative approach to scaling which rewards consistency and lets you grow your account balance at your own pace. How it works: Request your...
I checked with them in chat.

They said :

After you make a withdrawal, the daily loss and overall drawdown is calculated from your scaled balance.
Intraday only.
  • #8,116
  • Edited 10:24am May 22, 2022 9:39am | Edited 10:24am
Good news from E8, I was right, they do increase the max DD to 14% for both programs within 3 months ! So I am still very interested. Expectancy score on 14% DD is 6.9 times ! So you get up to 7 times as value for the fee you pay them. That is one of the best programs on any prop out there.

'Hello!

You get to scale your initial deposit drawdown up to 14%.
Every single withdrawal that is processed, increases your initial deposit drawdown by 1%, up to 14%.

Is this for the challenge model and or ELEV8 program ?

Fot both account.'
  • #8,117
  • May 22, 2022 11:08am May 22, 2022 11:08am
Quoting TrAndy1
Good news from E8, I was right, they do increase the max DD to 14% for both programs within 3 months ! So I am still very interested. Expectancy score on 14% DD is 6.9 times ! So you get up to 7 times as value for the fee you pay them. That is one of the best programs on any prop out there. 'Hello!  You get to scale your initial deposit drawdown up to 14%. Every single withdrawal that is processed, increases your initial deposit drawdown by 1%, up to 14%. Is this for the challenge model and or ELEV8 program ? Fot...
So, they basically scale you 75% from a drawdown perspective( which is truly the only number that matters). To put it in perspective, it would be the equivalent of a 200K FTMO account with 10% DD scaled to a 350K FTMO account with 10% DD within 3 months. This would take 1 year with FTMO.
The drawback is that is the end of the scaling, where FTMO can scale up to 2 million (200K DD), although that would take 12 years if you didn't add another 200K yourself, and still 5+ years on a 400K.
  • #8,118
  • May 22, 2022 12:00pm May 22, 2022 12:00pm
Interesting details about E8. They should consider making this information more accessible and known to the public. Thanks for sharing.
  • #8,119
  • Edited 3:01pm May 22, 2022 1:20pm | Edited 3:01pm
Bad marketing.... in my opinion, their account balance & drawdown scaling plans for the regular account are appealing... why are they not front and center?

Maybe they are trying to entice people into the gimmicky ELEV8 account requiring 200% performance on DD in 20 trading days, which will inevitably lead to over risking and blown accounts to achieve those results.
  • #8,120
  • May 23, 2022 4:21am May 23, 2022 4:21am
This new UK firm is still making its way in the world of prop firm hubs and may deserve attention.
https://www.fundedtradingplus.com

It also has a Discord site but the last trader could be on dangerous grounds with his approach - just lucky so far with his first
couple of trades ?
https://discord.com/invite/8fjYcFUXx7
every Saint has a past. Every Sinner has a Future
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