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Anyone trading with a Prop firm 31 replies

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  • #30,461
  • Feb 14, 2024 8:09am Feb 14, 2024 8:09am
Quoting pipmaster77
{quote} I apologize in advance for this, but judging by every post I read by you......WTF are you even doing trying to trade? You are not even close to ready. You can thank me later.
You will not believe that I am just 100 $ profit away in 100K $ account to pass phase1
and now that account is going through loss trades of running loss of 2,000 $ and Stop loss is set at 3,000 $
if the SL gets hit, I have to made 3,100 $ profit inspite of just 100 $

By this you can yourself understand
that this is the worst time of my life that I have been going through

Another incident I tell you that I grow 300$ account to 30,000$ in 7 months
but later it lost, and I get nothing and it was when I started my trading journey and from that day I am not able to come out of that and just loss increasing and i am in loss of around 50,000 $
  • #30,462
  • Feb 14, 2024 8:19am Feb 14, 2024 8:19am
Quoting Desbinary
{quote} Hello Capablanca; I trust you are well. Please note I replied to the Funded Next Enquiry from another Trader 2 Saturdays ago with reference to this clause from Funded Next. The way I understand it, as outlined in my previous post, is not Grid Or Martingale. They have come up with a loophole to ensure that a Trader with a considerable level of conviction with a certain directional bias cannot exploit the movement if they are stopped out. The example I quoted in my previous post was that if a Trader goes Long Cable at 1.27 & stopped out at...
Absolutely bizarre. Yet another example of these firms being run by folks with little to no trading experience. I take many trades where the bias is correct and I'm off a bit on the entry, as I'm sure all of us do. Almost all of my positions are actually broken up into 5-6 smaller "trades" to account for my imperfection.
  • #30,463
  • Feb 14, 2024 8:20am Feb 14, 2024 8:20am
Quoting genuine007
{quote} You will not believe that I am just 100 $ profit away in 100K $ account to pass phase1 and now that account is going through loss trades of running loss of 2,000 $ and Stop loss is set at 3,000 $ if the SL gets hit, I have to made 3,100 $ profit inspite of just 100 $ By this you can yourself understand that this is the worst time of my life that I have been going through Another incident I tell you that I grow 300$ account to 30,000$ in 7 months but later it lost, and I get nothing and it was when I started my trading journey and from that...
OK. If you are $100 away from target, why is position so large that you can lose 3K?
  • #30,464
  • Feb 14, 2024 8:21am Feb 14, 2024 8:21am
Quoting Capablanca
{quote} I didn't even thought about this possibility. You may be right ! FundedNext is the clear champion, by a large margin, of the most stupid and weird rules in prop industry. No one can beat them.
Hello again Capablanca;

Thanks for your reply. The probability of me interpreting it is incorrect is highly improbable. This is since I gave them a fair shake and tried to engage their chap operative in order to give them the benefit of clearing that confusion.

The operative I was chatting to clearly didn't have the foggiest idea concerning Trading and for good measure what the rule meant. I suspect he/she/they asked someone at the back-end & they progressed to dance on egg shells so as to not unambiguously state their posture.

Thereafter, I logged out since I am of the view they may keep such "violations" as their own Ace up their sleeve to deny payouts of profits which is not commensurate with their expectations or risk tolerance.

It's as you pointed out, they are in close contention with the previous notorious "The Prop Firm", Australia who until this company held the more or less undisputed title for peculiar rules.

I know you trading with them as well from historical posts & will no doubt recall that they used to leave the MetaTrader Open on weekends but traders who pulled the trigger on Crypto Instruments found their accounts closed without any further warning.

The uproar caused them to change it after some time but the horse had long since bolted the stable with the reputational Brand damage, much like this company Funded Next.

Thank You!
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #30,465
  • Feb 14, 2024 8:23am Feb 14, 2024 8:23am
Quoting genuine007
{quote} You will not believe that I am just 100 $ profit away in 100K $ account to pass phase1 and now that account is going through loss trades of running loss of 2,000 $ and Stop loss is set at 3,000 $ if the SL gets hit, I have to made 3,100 $ profit inspite of just 100 $ By this you can yourself understand that this is the worst time of my life that I have been going through Another incident I tell you that I grow 300$ account to 30,000$ in 7 months but later it lost, and I get nothing and it was when I started my trading journey and from that...
& I will not be shocked even if I passed phase1 again doing trades, pass phase2 and receive funded account and made a little profit say 4k
that prop firm also go done.. i was so close to payout and may be that prop firm go down
because things like going on with me,, nothing positive happening to me, all negative,, i don't know why
when I am so close, things go bad
and this is going on loop
  • #30,466
  • Feb 14, 2024 8:25am Feb 14, 2024 8:25am
Quoting genuine007
{quote} & I will not be shocked even if I passed phase1 again doing trades, pass phase2 and receive funded account and made a little profit say 4k that prop firm also go done.. i was so close to payout and may be that prop firm go down because things like going on with me,, nothing positive happening to me, all negative,, i don't know why when I am so close, things go bad and this is going on loop
You are non US and had a funded engineer account right?

If so, what I have seen from their discord posts is you are highly likely to have your account back.
  • #30,467
  • Feb 14, 2024 8:26am Feb 14, 2024 8:26am
Quoting pipmaster77
{quote} OK. If you are $100 away from target, why is position so large that you can lose 3K?
because I thought that it will go in my direction anyway but it did not happen
normally if something goes up, comes down,
went down, goes up quiet a percentage
but naaah... when things have to go wrong, then price just keeps going one way
I thought of averaging but it did not worked.

at present my positive tp and negative tps all set at 100$ profit say 120$ profit with sl set at 3,000 $
  • #30,468
  • Feb 14, 2024 8:29am Feb 14, 2024 8:29am
Quoting Takisd
{quote} You are non US and had a funded engineer account right? If so, what I have seen from their discord posts is you are highly likely to have your account back.
Yeah.. FE seems legit, but who knows when they will be live
I also went -6% drawdown in that as well bring account back to life at the time FE went down I was up 2%
I am trading from the new year till now.. no challenge is passed... its almost 45 days of trading
  • #30,469
  • Feb 14, 2024 8:30am Feb 14, 2024 8:30am
Quoting Takisd
{quote} They are going around 1 by 1. There are thousands of servers to go through. Their time will come.
What do you think Metaquotes is specifically looking for? Non US regulated broker/prop meta servers connecting to significant numbers of US IPs? Broker meta servers linked to props?
  • #30,470
  • Feb 14, 2024 8:37am Feb 14, 2024 8:37am
Quoting pipmaster77
{quote} Absolutely bizarre. Yet another example of these firms being run by folks with little to no trading experience. I take many trades where the bias is correct and I'm off a bit on the entry, as I'm sure all of us do. Almost all of my positions are actually broken up into 5-6 smaller "trades" to account for my imperfection.
Hello PipMaster77;

I trust you are well.

Their bizarre rule surely amplifies the adage, Truth Is Stranger Than Fiction.

If you're currently planning to try Alpha Capital Fund I respectfully suggest you fasten your seatbelt for their layer of bizarre. This is since, like you, I also break down my risk per order into parts. This enables to take partials of the table at intervals I deem suitable & scale back in at pull-back zones, therefore maximizing gains with minute risk per trade.

I normally use a standard multiple trade opener so the SL & TP zones are fired in at once as opposed to keep typing them in. As a matter of pure precaution I asked their support whether use of the standard downloaded from MQL5 Trade Opener & Close All Script was acceptable.

Their Support Division, after a long-winded exchange which spanned 3 days eventually returned with their feedback that such scripts are not allowed since it looks to them like, wait for this one, High-Frequency Trading!

I deduced the gentleman engaging was likely not a first language English speaker since I took extreme care to explain these orders are all loaded at once, but the actual closing happens, weeks or even months later, with the first few closed Intra-Day only if there are violent retracement pull-backs.

The hubaloo that he replied with resulted in me deleting his e-mail & trading that account Intra-Day, One-Shot One-Kill Trades. Single order between 0.25-0.50 with 40-50 PIP SLs with 90-125 PIP TPs.

I don't really like Intraday Trading but I like engaging with their support even less.

May The Markets Go With You.
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #30,471
  • Feb 14, 2024 8:38am Feb 14, 2024 8:38am
Quoting CableJ
{quote} What do you think Metaquotes is specifically looking for? Non US regulated broker/prop meta servers connecting to significant numbers of US IPs? Broker meta servers linked to props?
I dont know. I dont think its so regulatory in nature but they don't appear to know whats going on in their own house if that makes sense.

All the legit platforms don't accept US already without the correct registrations. But I think metaquotes didnt realise what is going on and now they do. There are so many scam props, all those "HFT accepted" ones and so on. I think they are doing the right thing in one way, wrong in the other.
  • #30,472
  • Feb 14, 2024 8:38am Feb 14, 2024 8:38am
Quoting genuine007
{quote} because I thought that it will go in my direction anyway but it did not happen normally if something goes up, comes down, went down, goes up quiet a percentage but naaah... when things have to go wrong, then price just keeps going one way I thought of averaging but it did not worked. at present my positive tp and negative tps all set at 100$ profit say 120$ profit with sl set at 3,000 $
You're trolling us, right?
Your tp is $100 and your s/l is $3K?
Please. Just stop now. Trolling or trading, just stop. Hard stop.
  • #30,473
  • Feb 14, 2024 8:42am Feb 14, 2024 8:42am
Quoting genuine007
{quote} You will not believe that I am just 100 $ profit away in 100K $ account to pass phase1 and now that account is going through loss trades of running loss of 2,000 $ and Stop loss is set at 3,000 $ if the SL gets hit, I have to made 3,100 $ profit inspite of just 100 $ By this you can yourself understand that this is the worst time of my life that I have been going through Another incident I tell you that I grow 300$ account to 30,000$ in 7 months but later it lost, and I get nothing and it was when I started my trading journey and from that...
Hi genuine,

My suggestion (NOT ADVICE), is to take a breather from trading. Something is clearly wrong. I wish you the best & just maybe the trade will turn in your favor......I wish you the best my friend.
  • #30,474
  • Feb 14, 2024 8:43am Feb 14, 2024 8:43am
I did not trade any challenge account and any retail broker for the past 4-5 months because I had no money left
I somehow arranged money 1,500 $ and broke into different parts

put 300$ in retail broker and bought 3 challenges 100k 100k 100k before the new year after the christmas to take advantage of discounts

I just need one push in my life, just one push
I am not a bad trader, its just my time is bad
I am a talented guy, but it seems like talent is not what requires in trading

I can also be on top, passing challenges back to back, and recovering all that previous losses of around 50k, better say 55k
after recovering the loss, I will be at breakeven
recovering 50k loss to 55k loss is not that tough when you have prop firms in place
prop firms are very good source for losing traders to atleast recover your losses

but again what I said its written that I will face all these bad things in my life thats why I indulge into that big loss
If just good things written for me then I would not have been going through this bad phase

I just keep silent all day in my home
I speak nothing to anyone at home
I feel like I am burden to my family

I am not a bad trader, My time is bad
  • #30,475
  • Feb 14, 2024 8:45am Feb 14, 2024 8:45am
Quoting pipmaster77
{quote} You're trolling us, right? Your tp is $100 and your s/l is $3K? Please. Just stop now. Trolling or trading, just stop. Hard stop.
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  • #30,476
  • Feb 14, 2024 8:47am Feb 14, 2024 8:47am
Quoting genuine007
{quote} because I thought that it will go in my direction anyway but it did not happen normally if something goes up, comes down, went down, goes up quiet a percentage but naaah... when things have to go wrong, then price just keeps going one way I thought of averaging but it did not worked. at present my positive tp and negative tps all set at 100$ profit say 120$ profit with sl set at 3,000 $
This has to be a typo... 25/30:1 R:R!!! If correct... I wish you luck, you're going to need it.
  • #30,477
  • Feb 14, 2024 8:48am Feb 14, 2024 8:48am
Requested payout from Funding pips. Let's see
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  • #30,478
  • Feb 14, 2024 8:59am Feb 14, 2024 8:59am
Quoting youngD
Requested payout from Funding pips. Let's see {image}
hope you get it
  • #30,479
  • Feb 14, 2024 9:03am Feb 14, 2024 9:03am
Quoting Takisd
{quote} hope you get it
Now they may say that they will pay when they sort out the tech problems, like TFF did, despite one thing is not related with the other. I'm still waiting for a small TFF payout.
  • #30,480
  • Feb 14, 2024 9:11am Feb 14, 2024 9:11am
Quoting Capablanca
{quote} Now they may say that they will pay when they sort out the tech problems, like TFF did, despite one thing is not related with the other. I'm still waiting for a small TFF payout.
Yes probably you right, but it's good test to see how they treat traders. Amount is very small, so they basically should pay to show they respect agreement with trader. I even forgot that I can request payout, plan was earn below 500$ profit and withdraw by crypto to not deal with rise.
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