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  • #34,021
  • Apr 3, 2024 12:19pm Apr 3, 2024 12:19pm
Quoting pipmaster77
{quote} My son uses Tradovate with Ninja and he is able to see his stats through Ninja I believe.....I will ask him when I speak with him later today. He has seen my setup though and says his next batch he is going rithmic.
i am a mac user so tradovate is the only option for me now....
Extreme gut feeling trader
  • #34,022
  • Apr 3, 2024 12:40pm Apr 3, 2024 12:40pm
Quoting montygoldy
{quote} thats good question which options is best monthly payment or one shot payment for PA accounts @pipmaster77 your input also highly appreciated. Also if you guys using tradovate how check the daily pnl
minthly. If making money, can afford it. If account is blown within a month, keep the difference.

in Tradovate, I have an accounts tab I keep open. It shows my PnL for the day
A snails pace wins the race :-)
  • #34,023
  • Apr 3, 2024 12:41pm Apr 3, 2024 12:41pm
Quoting PropDude1234
Futures firms are shit, most CFD firms are a scam. Prop is a slightly more sophisticated form of gambling that most punters are addicted to. The statistical overwhelming probability is you'll all lose money in the long-term. I'm not in touch with him anymore, but I knew a senior director at one of the largest and one of the first CFD firms in Europe. He said out of the 100s of 1000s of traders he saw, there was only one who was consistently profitable more than a couple of years. Naturally no one on here, because everyone on a trading forum is profitable....
I don’t know you from Adam, but what you’ve written here sounds very bitter
A snails pace wins the race :-)
  • #34,024
  • Apr 3, 2024 1:04pm Apr 3, 2024 1:04pm
Quoting JustPipMe
{quote} I don’t know you from Adam, but what you’ve written here sounds very bitter
No bitterness. That's the reality of those traders digging for gold.

I've always been on the other side selling the shovels so long may they continue!
  • #34,025
  • Apr 3, 2024 1:07pm Apr 3, 2024 1:07pm
Quoting montygoldy
{quote} i am a mac user so tradovate is the only option for me now....
Tradovate is pretty expensive (percentage wise) like per challenge and activation it is like 10-15 bucks extra plus 10-15 extra for PA. So it is almost equivalent of 50K free challenge. A laptop will be much cheaper if you are targeting 20 challenges
Also you can't use quanttower for different broker. You can't copy trades if trading take profit is less than 15 ticks...Lots of restrictions.
  • #34,026
  • Apr 3, 2024 1:12pm Apr 3, 2024 1:12pm
Quoting montygoldy
{quote} Also if you guys using tradovate how check the daily pnl
Drag the trade performance module to your workspace.
  • #34,027
  • Apr 3, 2024 1:13pm Apr 3, 2024 1:13pm
Quoting PropDude1234
{quote}No bitterness. That's the reality of those traders digging for gold. I've always been on the other side selling the shovels so long may they continue!
So you own or work for a prop firm or broker
  • #34,028
  • Apr 3, 2024 1:20pm Apr 3, 2024 1:20pm
Quoting pipmaster77
{quote} Yes, I am $688 away in this this batch, my peak threshold is $23 away from the balance, so $2,477 in DD available. I think I trade much better without the added stress of worrying about the broker, the firm, the platform, MT4, payout denials, etc.........makes sense I guess. Full disclosure, I've blown a few as well. But my ROI is 400% against investment at this point and should only climb quickly and exponentially from here
Trailing DD will always remains 2500$ in profit if one uses limit order for taking profit. Only issue comes when we want more profit.
For example if I want 100$ from the trade if I put limit limit order to take profit my trailing DD will always remains 2500$ for 50K account as long as target hits.
  • #34,029
  • Apr 3, 2024 1:22pm Apr 3, 2024 1:22pm
Prop allows 10 lots in gold. One uses it and gets a message saying it's too much risk.
Prop doesn't have minimum average time. One scalps 15 seconds and that's too quick.
Prop allows 1:100. Traders uses 1:70 and they say he is a gambler.
Prop allows no SL order and/or only daily DD. Trader risks 4% in a single trade and is a gambler

This only shows that every prop CEO is an incompetent or a scammer because every single problem they point out can be easily solved with objective rules.

They know, though, that if they implement it they will be eaten alive by competition.
  • #34,030
  • Apr 3, 2024 1:26pm Apr 3, 2024 1:26pm
Quoting Artcool
{quote} Welcome bro. You will make it with less frustration. I saw you asked a question on Apex discord. I sent you a DM there. You can ask me any question there about Apex. I am a mod with them.
Is this something you can reply here Artcool ?
https://www.forexfactory.com/thread/...9#post14787709
  • #34,031
  • Apr 3, 2024 1:27pm Apr 3, 2024 1:27pm
Quoting Capablanca
Prop allows 10 lots in gold. One uses it and gets a message saying it's too much risk. Prop doesn't have minimum average time. One scalps 15 seconds and that's too quick. Prop allows 1:100. Traders uses 1:70 and they say he is a gambler. Prop allows no SL order and/or only daily DD. Trader risks 4% in a single trade and is a gambler This only shows that every prop CEO is an incompetent or a scammer because every single problem they point out can be easily solved with objective rules. They know, though, that if they implement it they will be eaten...
Same thing can happen with any prop firm (including APEX or FTMO) if number of registrations reduces they start scamming people with ridiculous rules.
Everything in Forex prop firm was good untill CFTC touches MyFF ass and after that everyone got contaminated.
Even with regulated so called Forex.com broker. I have heard they closes down account if making too much money.
  • #34,032
  • Apr 3, 2024 1:30pm Apr 3, 2024 1:30pm
Quoting PropDude1234
{quote}They're fine. Very much a 'bad workman blames his tools'. Those and all the EA cheats / abusers who aren't happy.
I know a couple of very good traders that criticize interactive brokers platform, despite using it successfully.

Evaluating a platform has nothing to do with being a good of bad trader. It's about how friendly the platform is and anyone, winner or loser, can evaluate it.
Match Trader and Dx are horrendous when compared with Meta or even ctrader.
  • #34,033
  • Apr 3, 2024 1:30pm Apr 3, 2024 1:30pm
Quoting Capablanca
Prop allows 10 lots in gold. One uses it and gets a message saying it's too much risk. Prop doesn't have minimum average time. One scalps 15 seconds and that's too quick. Prop allows 1:100. Traders uses 1:70 and they say he is a gambler. Prop allows no SL order and/or only daily DD. Trader risks 4% in a single trade and is a gambler This only shows that every prop CEO is an incompetent or a scammer because every single problem they point out can be easily solved with objective rules. They know, though, that if they implement it they will be eaten...
The real issue is, they don't give two shits if you trade like this during the evals....it's only after you pass that THEIR OWN RULES become an issue.
  • #34,034
  • Apr 3, 2024 1:32pm Apr 3, 2024 1:32pm
Quoting Capablanca
In Apex, assuming that my funded already passed the 2600 threshold, what happens in this exaggerated example ? {image} Total payout is 2000 Is that coming +30% from a single day ? Theoretically yes (it's all from the last day) However the 2000 is only 16.7% of the total 12000 profits I wonder how Apex system reads this. I hope it's like 16.7%
You wont get paid. You need to make 6666.667 (2000/0.3) to be eligible. Sometimes they relax rules but this case is way beyond it. Rule is any days profit should be less than 30% of total profit. Your case total profit is 2K or (2.6K + 2K). They might give you but case by case basis.
  • #34,035
  • Apr 3, 2024 1:36pm Apr 3, 2024 1:36pm
Quoting sampat
{quote} Same thing can happen with any prop firm (including APEX or FTMO) if number of registrations reduces they start scamming people with ridiculous rules. Everything in Forex prop firm was good untill CFTC touches MyFF ass and after that everyone got contaminated. Even with regulated so called Forex.com broker. I have heard they closes down account if making too much money.
I say the same that I said about 3 years ago or so when I started here about forex props. I also don't trust a bit in these futures casino. I only look at it as machines where we insert coins and that spit coins if we are lucky enough. It's just a game, nothing else.
The real trading happens in my real accounts.
  • #34,036
  • Apr 3, 2024 1:44pm Apr 3, 2024 1:44pm
Quoting pipmaster77
{quote} But the point is......then they should change their rules. You cannot have someone trade within the rules YOU SET OUT and then tell them they cannot play. That is 100% bullshit and simply a way of not paying. To be clear, risk management in a forex prop (protecting of firm capital) is simply coming up with creative ways to not pay. MFF was the exception, they paid, they had internal processes to deter the cheaters and gamblers. They were shut down because of it......... Can we all look back now and agree the way MFF detered cheaters and...
Now we know that MFF was a big scam. Now we know they don't pay a lot of traders. Good job CFTC.
  • #34,037
  • Apr 3, 2024 1:46pm Apr 3, 2024 1:46pm
Quoting sampat
{quote} You wont get paid. You need to make 6666.667 (2000/0.3) to be eligible. Sometimes they relax rules but this case is way beyond it. Rule is any days profit should be less than 30% of total profit. Your case total profit is 2K or (2.6K + 2K). They might give you but case by case basis.
Well, in my example total profit is 12.000. Total net profit is 2.000 but I think Apex doesn't talk about net profit.
Thus my doubt.
(anyway I agree that your interpretation is the correct - that's what I expect and the way I'm planning it)
  • #34,038
  • Apr 3, 2024 1:49pm Apr 3, 2024 1:49pm
Quoting Capablanca
{quote} Well, in my example total profit is 12.000. Total net profit is 2.000 but I think Apex doesn't talk about net profit. Thus my doubt. (anyway I agree that your interpretation is the correct - that's what I expect and the way I'm planning it)
For 50K, accounts needs to be at 52600 to be eligible for withdrawal. So with 2K profit your dashboard wont even allow to pass request.
  • #34,039
  • Apr 3, 2024 2:13pm Apr 3, 2024 2:13pm
Quoting pipmaster77
{quote} The real issue is, they don't give two shits if you trade like this during the evals....it's only after you pass that THEIR OWN RULES become an issue.
Many members in this thread reported that they received warning letters from FTMO about gambling/one-sided betting, even the leverage they were using was below 15 or 10. But everyone knows that FTMO is happy if you use 80 and fail the challenge.
  • #34,040
  • Apr 3, 2024 2:16pm Apr 3, 2024 2:16pm
Quoting Novazor
{quote} So you own or work for a prop firm or broker
Have worked for a broker, but involved in risk software for brokers/ institutions now - was asked to look at retail prop space and found some people I knew were involved in it, and with all the unregulated bullshit that goes on, it's pretty interesting.

Traditional risk-management doesn't really apply to the prop model given the lack of upfront capital, leverage used and way the 'traders' trade.
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