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  • #22,261
  • Sep 20, 2023 8:56am Sep 20, 2023 8:56am
I would like to take this moment to highlight that the person behind TFT is also behind skilledfundedtraders, rocket, securethebag and more.

The same person scammed people with fxseed. But coupons apparently create goldfish memory.
  • #22,262
  • Sep 20, 2023 8:57am Sep 20, 2023 8:57am
Quoting LetsGoPitt
{quote} Yeah, man. Avoid TFT like the plague. I did get my payout of $34, but they sent it without the refund and the live chat doesn't even respond. And it's strange that they don't pay people first-in-first-out. Some have been waiting since September 1-9. I requested mine on the 15th. Furthermore they only let people request via crypto, if Wise doesn't support their country/Wise closes their account... and most of the crypto requests apparently get denied. Like wtf is the problem??? Stinks from all sides.
That is what I said too. Bespoke is payout out recently too. They all handle chronologically. It is fair and still fast. All is done via bank wire. The money comes for sure. You cannot say that on TFT, we see that. Also other props have much more problems than Bespoke. Others like FXIFY and ACG are also still fine. My opinion.
  • #22,263
  • Sep 20, 2023 8:57am Sep 20, 2023 8:57am
Quoting TrAndy1
{quote} I just got it confirmed by the CFO. That DCA is allowed with Bespoke NOW. Martingale and Grid is still not allowed. So do not add same (or higher) positon size in same direction with same symbol while being in floating loss. Scaling out with too many limit orders (more than 2) is also not welcomed because of no Grid trading. That is all.
This is precisely the inconsistency I am talking about. It doesn't match what their CEO said yesterday, or what he will say tomorrow. DCA is NOT allowed because they gave it a new special term called "smooth martingale" on their website. When asked what smooth martingale is, the reply is the same definition as DCA from days before, as seen in the screenshots I provided. So they don't allow DCA now, they just switched labels around because they were catching so much grief for it. If you only ever place 1 trade per symbol, you will never have a problem with this. But be aware that the terms and rules are not clear with them and change frequently.
  • #22,264
  • Sep 20, 2023 8:59am Sep 20, 2023 8:59am
Quoting TrAndy1
{quote} For 5-figure payouts I am listening and have no problems with my mental capacity
For 5-figure payouts I prefer firms that understand what they do allow and what they don't without changing their mind every other day
Money is made by sitting, not trading
  • #22,265
  • Sep 20, 2023 9:00am Sep 20, 2023 9:00am
Quoting AaronPriest
{quote} This is precisely the inconsistency I am talking about. It doesn't match what their CEO said yesterday, or what he will say tomorrow. DCA is NOT allowed because they gave it a new special term called "smooth martingale" on their website. When asked what smooth martingale is, the reply is the same definition as DCA from days before, as seen in the screenshots I provided. So they don't allow DCA now, they just switched labels around because they were catching so much grief for it. If you only ever place 1 trade per symbol, you will never have...
Because they don't give a f about the trading styles. They look for the most efficient way of preventing larger payouts
Money is made by sitting, not trading
  • #22,266
  • Sep 20, 2023 9:01am Sep 20, 2023 9:01am
Quoting AaronPriest
{quote} This is precisely the inconsistency I am talking about. It doesn't match what their CEO said yesterday, or what he will say tomorrow. DCA is NOT allowed because they gave it a new special term called "smooth martingale" on their website. When asked what smooth martingale is, the reply is the same definition as DCA from days before, as seen in the screenshots I provided. So they don't allow DCA now, they just switched labels around because they were catching so much grief for it. If you only ever place 1 trade per symbol, you will never have...
Sorry that you do not understand so far. Let me clarify for you. The mods and CFO stating DCA is allowed, which is Factor < 1.00. Adding with Factor = 1.00 and >1.00 is called (soft) martingale and not allowed from the THIRD position on. So on any two positions per symbol you can do whatever you want. Again this is only a soft breach when not respected. So no hard breach or violation. Hope this helps.
  • #22,267
  • Sep 20, 2023 9:01am Sep 20, 2023 9:01am
Quoting TrAndy1
{quote} Sorry that you do not understand so far. Let me clarify for you. The mods and CFO stating DCA is allowed, which is Factor < 1.00. Adding with Factor = 1.00 and >1.00 is called (soft) martingale and not allowed from the THIRD position on. So on any two positions per symbol you can do whatever you want. Again this is only a soft breach when not respected. So no hard breach or violation. Hope this helps.
Do you not see that these rules are built to make people fail?
  • #22,268
  • Sep 20, 2023 9:04am Sep 20, 2023 9:04am
Quoting AaronPriest
{quote} Bespoke doesn't know the difference between Martingale, grid, and DCA. They keep confusing the terms, removing some, adding some, inventing their own definitions, and then saying they removed DCA and confirming my trading style will now work with them, but then days later introducing new terms like "soft martingale" with the exact same definition that they just confirmed they had removed. Too inconsistent for me. Screenshots for clarification: {image} {image} {image} {image}
What a bunch of jokers. Are they trying to establish "LIMIT ORDER" as an illegal activity? By pushing for the "MARKET ORDER" only, their intention is quite obvious, that is to prey on the newbies.

DCA, grid, martingale, or whatever it is, as long as the DD is within the limit, what the fu** their problem is??
Success = Practice + Patience + Persistence
  • #22,269
  • Sep 20, 2023 9:04am Sep 20, 2023 9:04am
You cannot fail on soft breach. Only a part of profits will be deducted. But I will leave it now as I do not want to be the big defender of Bespoke here.
  • #22,270
  • Sep 20, 2023 9:04am Sep 20, 2023 9:04am
Quoting TrAndy1
{quote} Sorry that you do not understand so far. Let me clarify for you. The mods and CFO stating DCA is allowed, which is Factor < 1.00. Adding with Factor = 1.00 and >1.00 is called (soft) martingale and not allowed from the THIRD position on. So on any two positions per symbol you can do whatever you want. Again this is only a soft breach when not respected. So no hard breach or violation. Hope this helps.
I understand clearly. What you are saying now is not what they said days ago, and it's not what they will say next week. This is what you aren't understanding. But carry on...
  • #22,271
  • Sep 20, 2023 9:10am Sep 20, 2023 9:10am
Quoting TrAndy1
{quote} I just got it confirmed by the CFO. That DCA is allowed with Bespoke NOW. Martingale and Grid is still not allowed. So do not add same (or higher) positon size in same direction with same symbol while being in floating loss. Scaling out with too many limit orders (more than 2) is also not welcomed because of no Grid trading. That is all.
The question is why? If one does not violate daily or overall DD and you are not tick scalping, arb, HFT or any other possible cheating?
Martingale and grid is NOT CHEATING and when one trades small enough, it can actually be very effective. I trade pivots, for example, I may enter at the 61, again at the 78 and again at the 100.......the latter ones should be heavier as the farther away price goes, the grester the probability of it returning to mean. I also use ADR, obviously if an istrument goes 1.5 or 2x ADR, yes, I am going heavier.
Of course, I am experienced enough to read price action and not step in front of a moving train. However, what I am saying is those particular rules are there for ONLY ONE REASON- TO DENY PAYOUTS!!!!
  • #22,272
  • Sep 20, 2023 9:16am Sep 20, 2023 9:16am
Quoting LetsGoPitt
{quote} Yeah, man. Avoid TFT like the plague. I did get my payout of $34, but they sent it without the refund and the live chat doesn't even respond. And it's strange that they don't pay people first-in-first-out. Some have been waiting since September 1-9. I requested mine on the 15th. Furthermore they only let people request via crypto, if Wise doesn't support their country/Wise closes their account... and most of the crypto requests apparently get denied. Like wtf is the problem??? Stinks from all sides.
They should, after all, FIFO is a CFTC rule.
  • #22,273
  • Edited 12:24pm Sep 20, 2023 9:17am | Edited 12:24pm
Quoting TrAndy1
{quote} Sorry that you do not understand so far. Let me clarify for you. The mods and CFO stating DCA is allowed, which is Factor < 1.00. Adding with Factor = 1.00 and >1.00 is called (soft) martingale and not allowed from the THIRD position on. So on any two positions per symbol you can do whatever you want. Again this is only a soft breach when not respected. So no hard breach or violation. Hope this helps.
Traders need to read the rules and understand it before they purchase the account. A lot complaints came from traders not following the rules.
I have to follow the rules in two new firms that I just passed using HFT, for example, Nova has rules : no grid trading ( two positions are fine, not 3) no martingale, no weekend holding.
You want to get paid, you got to follow the rules
If you dont want to follow those rules, you should trade other firms that you are comfortable with.
  • #22,274
  • Sep 20, 2023 9:17am Sep 20, 2023 9:17am
Quoting LetsGoPitt
{quote} Yeah, man. Avoid TFT like the plague. I did get my payout of $34, but they sent it without the refund and the live chat doesn't even respond. And it's strange that they don't pay people first-in-first-out. Some have been waiting since September 1-9. I requested mine on the 15th. Furthermore they only let people request via crypto, if Wise doesn't support their country/Wise closes their account... and most of the crypto requests apparently get denied. Like wtf is the problem??? Stinks from all sides.
The problem is people stopped buying challenges. As we all know, no challenge money= no payouts. It is all coming tumbling down.
CFTC 1, Traders 0.
  • #22,275
  • Sep 20, 2023 9:18am Sep 20, 2023 9:18am
After so many confusions in Telegram and Diwcord, even from their own employees, a serious company would have already changed their page and defined the concepts. However they still have this in their FAQs:

What strategies are not permitted ?

Although we do not allow EA's for HFT, Grid, Martingale, Arbitrage and tick scalping, we do not allow them to be manually traded this way either
Martingale - You are not permitted to use martingale, smooth martingale, or any other form of martingale manually.
Grid - No form of manual grid trading is allowed. You can not have limits on either side of price and increase these limits further in the opposite direction of price.
Arbitrage - You can not manually arbitrage the account
Tick scalping - You are not permitted to manually tick-scalp or trade with high frequency

This is far from being clear and undisputable rules. Why do people have to go to support (and sometimes even get a wrong answer) ? Why can't they have some examples to make it clear ?
I know why..... Most os us know why. This is intentional.
  • #22,276
  • Sep 20, 2023 9:19am Sep 20, 2023 9:19am
Quoting Boulder
{quote} Traders need to read the rules and understand it before they purchase the account. A lot complaints came from traders not following the rules. I have to follow the rules in two new firms that I just passed using HFT, for example, Nova has lot size and profit consistency rules of 33% , no allow any one of profit is 33% total, also no grid trading ( two positions are fine, not 3) no martingale, no weekend holding. You want to get paid, you got to follow the rules If you dont want to follow those rules, you should trade the firms that you are...
But what if they keep changing the rules?
  • #22,277
  • Sep 20, 2023 9:19am Sep 20, 2023 9:19am
Quoting Boulder
{quote} Traders need to read the rules and understand it before they purchase the account. A lot complaints came from traders not following the rules. I have to follow the rules in two new firms that I just passed using HFT, for example, Nova has lot size and profit consistency rules of 33% , no allow any one of profit is 33% total, also no grid trading ( two positions are fine, not 3) no martingale, no weekend holding. You want to get paid, you got to follow the rules If you dont want to follow those rules, you should trade the firms that you are...
Yes, if the rules are clear. Read my previous post and tell us if you think grid and martingale soft martingale and other forms of martingale are clearly defined.
  • #22,278
  • Sep 20, 2023 9:30am Sep 20, 2023 9:30am
Quoting pipmaster77
{quote} The question is why? If one does not violate daily or overall DD and you are not tick scalping, arb, HFT or any other possible cheating? Martingale and grid is NOT CHEATING and when one trades small enough, it can actually be very effective. I trade pivots, for example, I may enter at the 61, again at the 78 and again at the 100.......the latter ones should be heavier as the farther away price goes, the grester the probability of it returning to mean. I also use ADR, obviously if an istrument goes 1.5 or 2x ADR, yes, I am going heavier....
I guess, they dont want traders to use those strategies because they know by heart that, those models really work. In other words, they allow only momentum (BO) trading whereas, pullback or retest trading is not allowed. What if I have a strong market bias, and the market offers me a better price but I won't be allowed to open any additional positions since I am in a floating loss?

Better to watch the porn hub instead of poking the Willy at this kinda shit hole (Prop firm). Stay way, my friend.
Success = Practice + Patience + Persistence
  • #22,279
  • Sep 20, 2023 9:30am Sep 20, 2023 9:30am
Quoting TrAndy1
Okay this is official crowd opinion here of still legit prop firms. 1. FTMO 2. FXIFY 3. ACG 4. Tradingpit 5. 5ers 6. ....?
Blue Guardian
Funding Trader [not too sure abt them]
  • #22,280
  • Sep 20, 2023 9:30am Sep 20, 2023 9:30am
Quoting Takisd
{quote} Check contract size.
//-----
Quoting Vitore
{quote} bigger lot size? 1 vs 10 maybe?
//----

nice catch..... thanks..... that was it.....

the marketinfo variables do not include that spec..... you must use , SymbolInfoDouble.....

SymbolInfoDouble(Symbol(),SYMBOL_TRADE_CONTRACT_SIZE)......

will require slight edit to ea's , scripts and indicators in some cases......h
to trade and code, keep both simple... no call to impress....h
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