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Anyone trading with a Prop firm 31 replies

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  • #13,241
  • Dec 30, 2022 11:21am Dec 30, 2022 11:21am
Quoting Bizziebee
{quote} Sorry, we must BAN Traderseco as well Traderseco terms and conditions: Prohibited Strategies High Frequency Trading (Manual / EA) : multiple & very short-term trades (positions opened and closed under a minute, seconds or fractions of seconds) so if you open and close a trade in under a minute you will lose your money!
No. High Frequency Trading is when you open very many trades within a short timeframe and close them shortly after. You then earn just a few pips on each trade. If there are many trades, then you can make a living. Few trades closed if the trend goes against you are not a subject of HFT.
MetaTrader 4 - so many advantages.
  • #13,242
  • Dec 30, 2022 11:31am Dec 30, 2022 11:31am
TFT website down?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB
Plan your trade, trade your plan
  • #13,243
  • Dec 30, 2022 11:54am Dec 30, 2022 11:54am
https://thefundedtraderprogram.com/#choose-your-path
Intraday only.
  • #13,244
  • Dec 30, 2022 11:55am Dec 30, 2022 11:55am
TFT website very much working
Lol
Intraday only.
  • #13,245
  • Dec 30, 2022 12:42pm Dec 30, 2022 12:42pm
With all that is happening in the crypto world, I am very surprised that many prop firms still want to carry on accepting crypto and paying out in crypto. We know that it involves tax/juristiction issues when it comes to making and holding profits but let us hope they do not get their fingers burnt.
  • #13,246
  • Dec 30, 2022 12:53pm Dec 30, 2022 12:53pm
Quoting symmtrytradr
TFT website down? {image}
Not a problem here

What's this ? (also TFT)

Enjoy 10% off, 125% refund, 10 EXTRA days + 15% profits from challenge on ALL challenges until December 31st. Use code "SANTACLAUS" at checkout!

Does this have any hidden condition or do they really pay 15% of challenge profits in first payout ?

I remember that Funded Next also had something like that but demanded 10% profit in the real account.
  • #13,247
  • Dec 30, 2022 1:09pm Dec 30, 2022 1:09pm
Quoting Capablanca
{quote} Not a problem here What's this ? (also TFT) Enjoy 10% off, 125% refund, 10 EXTRA days + 15% profits from challenge on ALL challenges until December 31st. Use code "SANTACLAUS" at checkout! Does this have any hidden condition or do they really pay 15% of challenge profits in first payout ? I remember that Funded Next also had something like that but demanded 10% profit in the real account.
Same condition applies here.
You have to make 10 % profit to be eligible to claim 15 %
Intraday only.
  • #13,248
  • Dec 30, 2022 1:23pm Dec 30, 2022 1:23pm
Quoting navk
{quote} Same condition applies here. You have to make 10 % profit to be eligible to claim 15 %
Thanks
Is this once we have an accumulated 10% or I need to achieve 10% in just one payout ?
I mean, what if I make 6% and then, on the second payout, another 4% ? Is this OK ? Or I need to achieve 10% in one of the payouts ?
  • #13,249
  • Dec 30, 2022 1:25pm Dec 30, 2022 1:25pm
Quoting forexbali
Coming next months is written here... added in my table https://docs.google.com/spreadsheets...it?usp=sharing waiting to know the full details of the program, if the fee will be refundable will be the same of FTP as ratios {image}
Just checked with Funded Trading Plus and they also have no max time limit on their Advanced Programme but is still two phase 10 and 5 %. I didn’t spot this at first and was originally put off by looking at their other low dd single phase offering.

Seems like the first to offer a 5% daily with a 10% overall DD and 80/20 split without the time limit/gamblers fallacy 30/60 day rule, interesting. 500 bucks for 100k… will sign up and post on here if I have any problems etc.
  • #13,250
  • Dec 30, 2022 1:34pm Dec 30, 2022 1:34pm
Quoting Fagin
{quote} Just checked with Funded Trading Plus and they also have no max time limit on their Advanced Programme but is still two phase 10 and 5 %. I didn’t spot this at first and was originally put off by looking at their other low dd single phase offering. Seems like the first to offer a 5% daily with a 10% overall DD and 80/20 split without the time limit/gamblers fallacy 30/60 day rule, interesting. 500 bucks for 100k… will sign up and post on here if I have any problems etc.
I think their catch is the trailing max loss, right ?
  • #13,251
  • Dec 30, 2022 1:43pm Dec 30, 2022 1:43pm
Quoting Capablanca
{quote} I think their catch is the trailing max loss, right ?
Yes but it’s what they call “relative” and something I have worked with in the past so no big deal for me personally. Also you don’t just withdraw your full profits like the other props, at first this put me off but I’m looking for a scalable funder and I do now understand their logic which preserves their risk. Fair enough.

This is also interesting I think “The Daily Drawdown level on Experienced and Advanced can be removed for traders who reach a balance of 10%. This removal is not automatic and we require that traders request for a change to be made to their account.
  • #13,252
  • Dec 30, 2022 1:47pm Dec 30, 2022 1:47pm
Quoting Fagin
{quote} Yes but it’s what they call “relative” and something I have worked with in the past so no big deal for me personally. Also you don’t just withdraw your full profits like the other props, at first this put me off but I’m looking for a scalable funder and I do now understand their logic which preserves their risk. Fair enough. This is also interesting I think “The Daily Drawdown level on Experienced and Advanced can be removed for traders who reach a balance of 10%. This removal is not automatic and we require that traders request for a change...
The relative drawdown/equity as DD is like a hybrid of direct funding but with a better profit share and refunded fee. So it’s their money once you go live. No risk to us apart from our time of course.
  • #13,253
  • Dec 30, 2022 2:24pm Dec 30, 2022 2:24pm
[quote=fxValue;14271153]This is WHY you will NEVER make money from any Challenge Accounts if I took these exact same trades with a regulated futures broker the commissions would be 1/5th this amount. Many people will try and FIGHT me in this post because there are so many people LYING to you out of their own personal interest to keep you addicted to these scams and you might want to really believe these Challenges are possible but they are not possible. My close business partner owns a Challenge company and he told me that 99.9999% of people will fail eventually after...[/

You are right sir. I want to learn from you.
  • #13,254
  • Dec 30, 2022 4:25pm Dec 30, 2022 4:25pm
Quoting Tim_isoara
Quoting fxValue
This is WHY you will NEVER make money from any Challenge Accounts if I took these exact same trades with a regulated futures broker the commissions would be 1/5th this amount. Many people will try and FIGHT me in this post because there are so many people LYING to you out of their own personal interest to keep you addicted to these scams and you might want to really believe these Challenges are possible but they are not possible. My close business partner owns a Challenge company and he told me that 99.9999% of people will
...

tim isoara, you made 300% in few days, soon you will be billionaire
in holiday till end of November
  • #13,255
  • Dec 30, 2022 4:53pm Dec 30, 2022 4:53pm
Quoting fxValue
My close business partner owns a Challenge company and he told me that 99.9999% of people will fail eventually after 4 months The costs and the bad spreads and the faulty platforms and unrealistic rules will eventually get you.
-Sorry to say, but most traders will fail in less than 4 months, regardless of conditions.
  • #13,256
  • Dec 30, 2022 4:53pm Dec 30, 2022 4:53pm
Quoting RiskFighter
No. High Frequency Trading is when you open very many trades within a short timeframe and close them shortly after.
-Sorry to say, but such wording could apply to any trades (2 or more) that are opened and then closed in under one minute.
  • #13,257
  • Dec 30, 2022 4:54pm Dec 30, 2022 4:54pm
Looks like FTMO's 10% discount will be ending very soon, for anyone that is interested.
  • #13,258
  • Dec 30, 2022 5:23pm Dec 30, 2022 5:23pm
Quoting Nsak3y
{quote}-Sorry to say, but such wording could apply to any trades (2 or more) that are opened and then closed in under one minute.
Yes - and Forex Trader could be a person buying 5 dollars in the bank and selling them next day for a small profit. But it is not. There is no reason to look for ghosts if there aren't any.

There is a term called High Frequency Trading and that is common knowledge, so of cause it is that.

High-frequency trading | Trader Wiki | Fandom
MetaTrader 4 - so many advantages.
  • #13,259
  • Dec 30, 2022 5:33pm Dec 30, 2022 5:33pm
Quoting forexbali
{quote}{quote} tim isoara, you made 300% in few days, soon you will be billionaire 


It's public now. I made from 280, I think, 2956 profit. Very high risk. Was an experiment for me, a positive one. I must to learn from FxValue.
  • #13,260
  • Dec 30, 2022 5:38pm Dec 30, 2022 5:38pm
Quoting RiskFighter
There is no reason to look for ghosts if there aren't any.
-Sorry to say, but there are reasons to look at such terms very carefully in lieu of applying or own definitions and understanding to them, no matter how reasonable we believe our own understanding to be.

In fact, when TFF started out, they had a similar rule and stood by it, claiming that trades could not be copied over in time, all while traders were complaining about terminated accounts for manually scalping and other, legitimate forms of trading.

Other firms have also clarified such matters, stating also that ample time is needed for trades to be properly copied over and using such reasoning as justification.

As such, it is always better to have matters clarified and to not make assumptions.

You are obviously free to do as you like, but probably it would be better to not speak so matter-of-factly about something that you could be incorrect about, especially on a public forum where some newbie trader might read your comment and erroneously assume that you know what you are talking about. No offense.
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