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  • #29,481
  • Feb 7, 2024 1:03am Feb 7, 2024 1:03am
Quoting AaronPriest
{quote} Yeah, I think this makes sense to wait until at least level 5 or 6 and maybe withdraw every other level after that if you want. Take advantage of that accelerated scaling on the lower levels for sure.
The way things are going right now with all this turmoil and being an American. I would not be leaving anything at any Prop Firm because even the best can be gone overnight as we have seen. If it takes longer to scale up, so be it. If they were, to all close to Americans tomorrow I would not have thousands of dollars tied up like some with MFF. Even though I'm living in Germany right now with a German residency I will not take that chance because my Residency Permit says I'm American.
  • #29,482
  • Feb 7, 2024 1:05am Feb 7, 2024 1:05am
Quoting Nsak3y
{quote}-Another thing to keep in mind is that you would not want the cap to be too low, else many traders that would normally blow their account, could get 'locked-in' and receive a payout. So it would need to be reasonable but not too easy. Again, keeping in mind how many traders will actually reach that level, based on statistics. You could also have some kind of model that allowed traders to continue trading beyond their monthly cap, and if they reach x% on the account, then they could receive double. So, for example, 15k cap, but if you reach...
Am really enjoying this , i just hope they are listening.

But come to think of it, if more smaller account are open, ie, you have 100k account broken down to 20 smaller ones then won't they have
another problem like the server problem in their hands?
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #29,483
  • Feb 7, 2024 1:09am Feb 7, 2024 1:09am
Quoting woody70
{quote} The way things are going right now with all this turmoil and being an American. I would not be leaving anything at any Prop Firm because even the best can be gone overnight as we have seen. If it takes longer to scale up, so be it. If they were, to all close to Americans tomorrow I would not have thousands of dollars tied up like some with MFF. Even though I'm living in Germany right now with a German residency I will not take that chance because my Residency Permit says I'm American.
I agree. That's why Alpha scaling program sucks. They demand that we have the 10% in the account for scaling (although we can withdraw them after the scale completed). No way I'm leaving 10% profits there waiting for a scale (if it wasn't that I would have scaled for a long time now in Alpha).
  • #29,484
  • Feb 7, 2024 1:11am Feb 7, 2024 1:11am
Quoting Capablanca
{quote} I agree. That's why Alpha scaling program sucks. They demand that we have the 10% in the account for scaling (although we can withdraw them after the scale completed). No way I'm leaving 10% profits there waiting for a scale (if it wasn't that I would have scaled for a long time now in Alpha).
Exactly!
  • #29,485
  • Feb 7, 2024 2:03am Feb 7, 2024 2:03am
Quoting Nsak3y
{quote}-I suspect that, more than willingness, an actual ability to figure out how to deal with the order flow will be necessary. I think that any company that can find out how to achieve that holy-grail, win-win scenario, will be more than willing to bring it to market; not only because it will be highly profitable and set them apart from all of the other firms, but it will help to legitimize this space, help to ensure that all winning traders can be paid, while also positioning the prop firms to be on the trader's side in lieu of this conflict...

so many tried this, all failed.

because the reality is this: in games and props attend not the best traders, there are the traders who got it not in last years or decades and thatswhy dont have a big amount of wins already traded in private accounts and so dont have this high opportunity costs for cant use prop. so only traders who are not so good in past attend in prop or trading games (they are maybe beginners, good traders who failed in live accounts because of whatever reason and restarting, traders who grow and maybe will be good consistent traders some day....) ... thats why all attempts to use the trades of this people failed. they are just not consistent enough over last many years or decades. after 5-10 years (or at least many thousand trades) you can see if someone is a good consistent trader or not, before the chance is very high that its no valid data. so never copy someone without valid data, and even then you have the risk this person has a crazy mind day by personal problems..... its hard to control without supervising.
  • #29,486
  • Feb 7, 2024 3:16am Feb 7, 2024 3:16am
What do you think of prop firms that don't allow news trading? Will you go with them or ignore them ?
Because what I see everyday there is news, offcourse it can be of different colors, and offcourse the movement during news will be different all the time,
sometimes it can hit your sl or tp within those 4 minute window and sometimes not and if hits then you will lose the challenge.
Offcourse, we are not trading news. Our trades opened way earlier may be in Tokyo where there was no news at all and market was very slow.

FundingPips has good SCORING or RATING when we see dollar value receive per every dollar we give them
But on the other they don't allow news trading, and also there will be no refund, refund will be given when we receive our 5th payout.
  • #29,487
  • Feb 7, 2024 3:24am Feb 7, 2024 3:24am
Quoting genuine007
What do you think of prop firms that don't allow news trading? Will you go with them or ignore them ? Because what I see everyday there is news, offcourse it can be of different colors, and offcourse the movement during news will be different all the time, sometimes it can hit your sl or tp within those 4 minute window and sometimes not and if hits then you will lose the challenge. Offcourse, we are not trading news. Our trades opened way earlier may be in Tokyo where there was no news at all and market was very slow. FundingPips has good SCORING...
If you trade news stay away from props that don't allow it. Some do some don't. I close trades before news so I don't lose profit. You can always enter again later on a pullback. I go to the one-minute time frame when news is released and if the numbers look good I enter trades on the 3rd candle of the one-minute time frame if there is a pullback or continuation. By entering on the third candle you ensure that you are following the rules. I have had success doing so and never had any problems.
  • #29,488
  • Edited 3:57am Feb 7, 2024 3:44am | Edited 3:57am
Quoting Capablanca
Apex casino started today a new promo {quote} I still don't get this reset 50% discount thing. For a 50K account we pay $167 x 20% = $33.4 For a 50K reset we pay $80 x 50% = $40 Why would I pay a reset if I can purchase a new fresh account ? I guess discounts in resets are only good for higher accounts ?
The 80% sales happen so often that I pretty much go with a 2 loss = bust high risk strategy in both eval + live now (pass/payout threshold in 2 wins). So far I'm getting 43% of the accounts through eval and past the 2.6K payout level. From there I drop the risk down to 30% max DD (1.5%) of total 5% DD. I also raise my R:R >1:1 since the trailing is no longer an issue and the Apex account functions pretty much like a personal account once the trailing stops.
  • #29,489
  • Feb 7, 2024 4:00am Feb 7, 2024 4:00am
Quoting woody70
{quote} If you trade news stay away from props that don't allow it. Some do some don't. I close trades before news so I don't lose profit. You can always enter again later on a pullback. I go to the one-minute time frame when news is released and if the numbers look good I enter trades on the 3rd candle of the one-minute time frame if there is a pullback or continuation. By entering on the third candle you ensure that you are following the rules. I have had success doing so and never had any problems.
The only drawback of that is being hit with higher spreads. Anyway, better that than losing the account.
  • #29,490
  • Feb 7, 2024 4:07am Feb 7, 2024 4:07am
Quoting Capablanca
{quote} The only drawback of that is being hit with higher spreads. Anyway, better that than losing the account.
At the 3-minute mark spreads usually normalize at least from what I've encountered, maybe I've been lucky.
  • #29,491
  • Feb 7, 2024 4:31am Feb 7, 2024 4:31am
Quoting pipmaster77
{quote} Just use the formula.......It works on all models, line 1 on 1stage you only have 1 number to multiply, 3 stage you have 3. Example %5ers 100K for $495 $495 * 1.8 (8% target/10% DD phase 1) * 1.5 (5% target/10% DD) = $1,336.50 Upon passing, you have 10K max loss @80% split =$8,000 $8,000/ $1,336.50= $5.98 For each $1 you would have on personal account, you have $5.98 AVAILABLE LOSS with this example. All things being the same, you can literally trade 6 times the size and therefore earn 6 times the profit.
What comes in my mind is that.. Why are you thinking so much to give a score or rating to prop firm using this formula when it is just a matter until you get a refund, after the refund its a free funding from the company to you.. & then what matters most the features, freedom company is giving in terms of news resrtrictons, payout credibility, support system etc

FXIFY score is way lower than FundingPips
but still FXIXY is a good prop firm
FIXIFY allowes news trading, FundingPips don't
and because of news restriction there will not be any undue pressure

So I think this scoring is good just for the introspection but actually it is not of that much use
Its not going to effect our trading and progress in anyway
  • #29,492
  • Feb 7, 2024 4:47am Feb 7, 2024 4:47am
Quoting CableJ
{quote} The 80% sales happen so often that I pretty much go with a 2 loss = bust high risk strategy in both eval + live now (pass/payout threshold in 2 wins). So far I'm getting 43% of the accounts through eval and past the 2.6K payout level. From there I drop the risk down to 30% max DD (1.5%) of total 5% DD. I also raise my R:R >1:1 since the trailing is no longer an issue and the Apex account functions pretty much like a personal account once the trailing stops.
Don't you fear being flagged as gambler and they terminate it ?
I saw 2 or 3 claims about that in fake pilot (which is not a lot in the middle of so many thousands)
  • #29,493
  • Feb 7, 2024 4:52am Feb 7, 2024 4:52am
Quoting genuine007
{quote} What comes in my mind is that.. Why are you thinking so much to give a score or rating to prop firm using this formula when it is just a matter until you get a refund, after the refund its a free funding from the company to you.. & then what matters most the features, freedom company is giving in terms of news resrtrictons, payout credibility, support system etc FXIFY score is way lower than FundingPips but still FXIXY is a good prop firm FIXIFY allowes news trading, FundingPips don't and because of news restriction there will not be any...
Getting a refund is not a guaranteed thing so the higher the ranking the less you risk.

Exaggerated example: paying $300 for a 100K challenge or paying $2500, same TP/DD and profit split %.

With your logic any of them will be refunded so price doesn't matter.
To me I prefer the $300 because I'm risking less and with $2500 I can try 8 times the cheaper one.

It's an exaggerated example but I think it illustrates the importance of the ranking.
All the other points you mention are also important, course, but they are more sujective and difficult to put in a table. The table gives you a quick grasp of what's cheaper.
  • #29,494
  • Feb 7, 2024 5:22am Feb 7, 2024 5:22am
Few pages back there was a YT vid posted about Andrewfx, the guy that achieved 6mil in funding..just seen a vid posted by him stating that he lost half the funding in the last few weeks, hes now left with about 2.8mil...
  • #29,495
  • Feb 7, 2024 5:31am Feb 7, 2024 5:31am
Quoting Lrg
Few pages back there was a YT vid posted about Andrewfx, the guy that achieved 6mil in funding..just seen a vid posted by him stating that he lost half the funding in the last few weeks, hes now left with about 2.8mil...
Yeah that's true!
But there is nothing shocking in this news!
Anybody can lose, At the end its just a speculation game!
He might be filled with so much greed want to make up for the 2 of his sports car very fast and therefore might have risked a lot more than usual.
  • #29,496
  • Feb 7, 2024 5:32am Feb 7, 2024 5:32am
Quoting Lrg
Few pages back there was a YT vid posted about Andrewfx, the guy that achieved 6mil in funding..just seen a vid posted by him stating that he lost half the funding in the last few weeks, hes now left with about 2.8mil...
he reverse trades to pass so ... whatever. hes not an important person.
  • #29,497
  • Edited 9:52am Feb 7, 2024 5:34am | Edited 9:52am
Quoting Capablanca
{quote} Don't you fear being flagged as gambler and they terminate it ? I saw 2 or 3 claims about that in fake pilot (which is not a lot in the middle of so many thousands)

A youtuber I follow that is pretty transparent (daily live trading) has received 60K payouts from Apex since Aug. He has taken >100 challenges and 30% have reached payout. He scalps indices with a <1m avg holding time. He churns through accounts since his system is not great (6:1 negative R:R @ 2 loss bust risk), He always withdraws max 2K of DD every time leaving $600 remaining & busts most live accounts <1 month.

By comparison I have taken 14 50K Challenges, I only withdraw >52600 amounts per account, my total payouts are around 9K so far, I don't scalp, my avg hold time is much longer & once >52600 I keep my accounts @ very low risk per trade... well that 1 may actually be a bad thing in their eyes lol.
  • #29,498
  • Feb 7, 2024 5:37am Feb 7, 2024 5:37am
Quoting Lrg
Few pages back there was a YT vid posted about Andrewfx, the guy that achieved 6mil in funding..just seen a vid posted by him stating that he lost half the funding in the last few weeks, hes now left with about 2.8mil...
he also mentioned he lost funding account many times and then he reinvest in challenges…. He is a high risker so highr chance of failure..
Extreme gut feeling trader
  • #29,499
  • Feb 7, 2024 5:47am Feb 7, 2024 5:47am
Quoting Takisd
{quote} he reverse trades to pass so ... whatever. hes not an important person.
If you know that (I also heard it) how is he still allowed in props, knowing that he is a "public" figure ?
  • #29,500
  • Feb 7, 2024 5:57am Feb 7, 2024 5:57am
Quoting Capablanca
{quote} If you know that (I also heard it) how is he still allowed in props, knowing that he is a "public" figure ?
The girlfriends account story @ FTMO smelled like it was missing critical details.

Influencers do have more rope than regular traders since props don't want the very public social media heat from denying their payments or cancelling accounts.
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