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  • #24,461
  • Oct 22, 2023 6:29am Oct 22, 2023 6:29am
Quoting HengkiTjen
{quote} i just received pay out last Thursday hopefully all good
- How long did it take to receive since you requested the payout ?
- Are you able to trade the account while they are processing or the account is frozen during the payout ?
  • #24,462
  • Oct 22, 2023 6:35am Oct 22, 2023 6:35am
Quoting Vitore
{quote} no rules? They also prohibit DCA which they even wrongly call Martingale. I better avoid them as they don't seem to like copy trading either
I haven't seen anything about DCA in CTI.

What I saw in T&C, besides the 60 rule, is this:
Quote
‎‎Performing prohibited trading activity, such as High-Frequency Trading, Ultra-Fast Scalping, Latency Arbitrage Trading, any Tick Scalping Strategies, any Copy Trading of other person's ‎signals, any Reverse Arbitrage Trading, any Hedge Arbitrage Trading, any use of emulators, and Martin Gale Style EAs.
  • #24,463
  • Oct 22, 2023 6:45am Oct 22, 2023 6:45am
Quoting Capablanca
{quote} I haven't seen anything about DCA in CTI. What I saw in T&C, besides the 60 rule, is this: {quote}
It is in the definition how one is defining martingale strategies as this is prohibited at CTI. If you already cannot enter with same lot size when you are in drawdown, then this is also DCA considered (normally), but here as Martingale. So it depends on the definition as each prop can interpret this differently.
  • #24,464
  • Edited 7:31am Oct 22, 2023 7:12am | Edited 7:31am
I also would say in addition the statistic facts I got from different websites for being consistent profitable with or without trading experience, it depends on volume and volatility too (more is better).

So for daytrading you need low transaction cost to get in and out easily. So heavy volume traded products are better. Then you also need some volatility as you can only profit from movements in one direction.

So daytrading EURUSD (for volume focus) or GBPJPY (for volatility focus) is best here in FX (if you want to daytrade FX).

Swing Trading should be done preferable on Majors in FX (if you want to swing trade FX). [Swing trading on Exotics can be a nightmare from time to time.]

Daytrading non-FX which is easier should be done on SP500 or Nasdaq100 (first or preferable before you consider other products).
Also swing trading on those products.

If anyone is trading Gold it is hybrid of FX and commodity so should be easier than pure FX trading but more difficult than Indices trading.

Again daytrading should be 3 to 4 times more difficult than swing trading (compared on same asset class).

--------
Also if you daytrade you are much more sensitive to any relevant news. So you would need a newsfeed with good coverage and fast realtime feed here too. On swing trading those news can be much less important and not so fast reaction is needed. On daytrading you need to check whether to be flat before important news comes out.
  • #24,465
  • Oct 22, 2023 7:50am Oct 22, 2023 7:50am
Quoting TrAndy1
I also would say in addition the statistic facts I got from different websites for being consistent profitable with or without trading experience, it depends on volume and volatility too (more is better). So for daytrading you need low transaction cost to get in and out easily. So heavy volume traded products are better. Then you also need some volatility as you can only profit from movements in one direction. So daytrading EURUSD (for volume focus) or GBPJPY (for volatility focus) is best here in FX (if you want to daytrade FX). Swing Trading should...
Interesting, I'm guessing SP500 and NAS would be so much easier becasue they have a lot of days when they are just trending in one direction. When talking about trading different asset classes what would a proffesional like yourself say that is the optimal backtesting data for a strategy? Personally I am trading a system that has had really good performance during the last 2 years on 2 instuments (eu and uc) with around 200 trades worth of data. Would you consider that sufficient in your line of work or would you go for a year more as in theory we would have 3 different market conditions in the last 3 years. This year pretty much consolidation, last year bearish, the year before that bull run. Also will want to work on a second strat bases around similar concepts I trade rn so just wanted to see how a professional would think of that. Just trying to get better in this game of trading after finally seeing results.
  • #24,466
  • Oct 22, 2023 7:57am Oct 22, 2023 7:57am
Quoting Tobiazzek
{quote} Interesting, I'm guessing SP500 and NAS would be so much easier becasue they have a lot of days when they are just trending in one direction. When talking about trading different asset classes what would a proffesional like yourself say that is the optimal backtesting data for a strategy? Personally I am trading a system that has had really good performance during the last 2 years on 2 instuments (eu and uc) with around 200 trades worth of data. Would you consider that sufficient in your line of work or would you go for a year more as in...
I do not think there is a specific time period you need at least. It really depends. 6 months can be sometimes sufficient (on tick data for example) versus sometimes you would need 10 years of data. But the key is to adapt over time, as there is always sometimes a new shift in the market where you quickly need to adjust your settings. And that varies too. So the key is to look on new data and whether it fits still within the old model or you need to adapt some settings of it. That is my opinion on that.
  • #24,467
  • Oct 22, 2023 8:04am Oct 22, 2023 8:04am
Quoting TrAndy1
{quote} It is in the definition how one is defining martingale strategies as this is prohibited at CTI. If you already cannot enter with same lot size when you are in drawdown, then this is also DCA considered (normally), but here as Martingale. So it depends on the definition as each prop can interpret this differently.
I can't see anything preventing martingale in CTI (except Martingale EAs)
  • #24,468
  • Oct 22, 2023 8:11am Oct 22, 2023 8:11am
Quoting Capablanca
{quote} I can't see anything preventing martingale in CTI (except Martingale EAs)
cannot does not mean anything you know...because then it is just a grey hidden rule ? (as you get know this in detail when you failed because of that (if they ever explained in full detail to you)).
  • #24,469
  • Oct 22, 2023 8:21am Oct 22, 2023 8:21am
Quoting TrAndy1
{quote} I do not think there is a specific time period you need at least. It really depends. 6 months can be sometimes sufficient (on tick data for example) versus sometimes you would need 10 years of data. But the key is to adapt over time, as there is always sometimes a new shift in the market where you quickly need to adjust your settings. And that varies too. So the key is to look on new data and whether it fits still within the old model or you need to adapt some settings of it. That is my opinion on that.
Thanks!
  • #24,470
  • Oct 22, 2023 8:38am Oct 22, 2023 8:38am
Quoting TrAndy1
{quote} cannot does not mean anything you know...because then it is just a grey hidden rule ? (as you get know this in detail when you failed because of that (if they ever explained in full detail to you)).
So it's an hidden rule ? I thought this was a rule written in CTI site.
Anyway, doesn't affect me. I don't martingale.
  • #24,471
  • Oct 22, 2023 8:54am Oct 22, 2023 8:54am
Quoting Capablanca
{quote} So it's an hidden rule ? I thought this was a rule written in CTI site. Anyway, doesn't affect me. I don't martingale.
As long as one does not open second trade 1 xxx is not martingale.

First trade 1 lot..second position onwards, 0.9, 0.8, o.5 lots is not martingale.

1 lot, 2 lots, 3 lots, 5 lots is martingale
Intraday only.
  • #24,472
  • Oct 22, 2023 9:13am Oct 22, 2023 9:13am
Quoting navk
{quote} As long as one does not open second trade 1 xxx is not martingale. First trade 1 lot..second position onwards, 0.9, 0.8, o.5 lots is not martingale. 1 lot, 2 lots, 3 lots, 5 lots is martingale
Some con artists will say that's DCA or grid
  • #24,473
  • Oct 22, 2023 9:32am Oct 22, 2023 9:32am
Quoting Capablanca
{quote} Some con artists will say that's DCA or grid
yeah, yeah.

But mostly DCA is allowed. By most firms.
Intraday only.
  • #24,474
  • Oct 22, 2023 9:35am Oct 22, 2023 9:35am
looks like funding pips removed a bunch of rules.


What you have been asking for has now been delivered. Funding Pips has officially removed 4 rules and is introducing a new Scaling Plan!
What you have been asking for is now delivered, Funding Pips has officially removed the following rules:
1. Removal of Stop loss rule.
2. Removal of Griding rule.
3. Removal of Layering rule.
4. Removal of Martingale rule.
You asked for it, we delivered!
But wait, it is not over yet...
We are thrilled to announce the new Scaling Plan
  • #24,475
  • Oct 22, 2023 9:48am Oct 22, 2023 9:48am
Quoting navk
{quote} yeah, yeah. But mostly DCA is allowed. By most firms.
Not by CTI. They prohibit adding position of ANY size while at least one open is on loss. They consider it all Martingale. Confirmed on their Discord.
Money is made by sitting, not trading
  • #24,476
  • Oct 22, 2023 9:53am Oct 22, 2023 9:53am
Quoting Vitore
{quote} Not by CTI. They prohibit adding position of ANY size while at least one open is on loss. They consider it all Martingale. Confirmed on their Discord.
So, they allow only one position to trade ??
Intraday only.
  • #24,477
  • Oct 22, 2023 10:42am Oct 22, 2023 10:42am
Quoting labu
Regarding the statistics of the traders vs profitable ones. I wonder what would happen if those 99.3% would demo trade for 5 years several hours straight instead of gambling.
-If more traders were willing and able to do that, then more traders would be consistently profitable. Period.
  • #24,478
  • Oct 22, 2023 10:42am Oct 22, 2023 10:42am
Quoting Vitore
Not by CTI. They prohibit adding position of ANY size while at least one open is on loss. They consider it all Martingale. Confirmed on their Discord.
-I assume that they do not apply any slippage, then?
  • #24,479
  • Oct 22, 2023 11:00am Oct 22, 2023 11:00am
Quoting Nsak3y
{quote}-I assume that they do not apply any slippage, then?
The question is then, if you want to build your position on multiple entries if each position needed to be with higher floating profit or just the average price of all orders?.
  • #24,480
  • Oct 22, 2023 11:15am Oct 22, 2023 11:15am
Quoting Vitore
{quote} Not by CTI. They prohibit adding position of ANY size while at least one open is on loss. They consider it all Martingale. Confirmed on their Discord.
If that's the case then it's an HIDDEN rule. Totally hidden.
I would like to see that. What keywords should I search in their Discord ?
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