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  • #35,041
  • Apr 17, 2024 7:48am Apr 17, 2024 7:48am
It seems I'm being paid by Funded Engineer today but I really like this. Addressing in a clear way the accusation from some cheater.
https://twitter.com/tradertristian/s...74828761923843

I'm really sorry for not having yet achieved any funded account with them.
  • #35,042
  • Edited 8:55am Apr 17, 2024 8:17am | Edited 8:55am
Quoting Bizziebee
{quote} OK well good luck to your wife. Let us know how she gets on
In more specific terms, one can trade 1 lot for 1k account.

This is applicable for major fx pairs and intraday scalping only, which I do.

1k account - 1lot
2k account - 2 lot
3k to 5 k account - 3 lots.

This is aggressive approach.

This way one can make 4 to 10 % in a day in personal trading account.

For prop account, 100 k - 5 lots max. This is practically 5k account, keeping in mind daily loss limit of 5k. ( 50 pips or 2500 $ risk )
Intraday only.
  • #35,043
  • Apr 17, 2024 8:22am Apr 17, 2024 8:22am
I have been focused just on E Mini dow - taking small positions. so far not bad.
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Drawdown is more important than Account Size !
  • #35,044
  • Apr 17, 2024 8:27am Apr 17, 2024 8:27am
Quoting Capablanca
{quote} You're right, it's a small detail but yes. About 30 hours for approval (which unfreezes the account allowing us to resume trading) and 31 hours (in my case) for the money to hit the bank (I'm not using Rise with them yet).
Actually, I didn't notice they reset the daily drawdown after the withdrawal. Previously, they asked not to trade until the next day because it wasn't reset. I've just been leaving my account until the next day for months now without checking.
  • #35,045
  • Apr 17, 2024 8:28am Apr 17, 2024 8:28am
Quoting Capablanca
5ers introduced a Visa card. I don't know details and if this will broadly available, but it may be a good initiative. https://twitter.com/the5erstrading/s...08455925567591 {image}
From their discord or twitter, sounds like for countries outside of the EU, it will be an electronic card.
  • #35,046
  • Apr 17, 2024 8:32am Apr 17, 2024 8:32am
Quoting Capablanca
Does anyone understand this Alpha rule ? {image} I can't understand how someone with 2x200K accounts is limited 300K per strategy. Is that $300K worth per strategy ? I doubt, otherwise we could not trade more than aprox 3 lots EURUSD, for example. If not, then what ? I think this is a very ambiguous and possibly stupid rule.
Each 200k will need a different strategy.
If you have 200k and 2 100k then one of the 100k can share the strategy with the 200k
  • #35,047
  • Apr 17, 2024 8:55am Apr 17, 2024 8:55am
Quoting Capablanca
It seems I'm being paid by Funded Engineer today but I really like this. Addressing in a clear way the accusation from some cheater. https://twitter.com/tradertristian/s...74828761923843 I'm really sorry for not having yet achieved any funded account with them.
With which ones you are funded and which ones are in process and which ones on the to do list ?
  • #35,048
  • Apr 17, 2024 9:01am Apr 17, 2024 9:01am
Quoting CableJ
{quote} As requested... {image} {image} US traders getting banned almost everywhere + the metaquotes fallout definitely had an impact. FTMO with their MT4 license intact wins again! Futures props were also winners of the fallout. MFF must be getting a lot of "are they back yet" traffic. No advertising or affiliate marketing and they are still in the top 10... WTF
Hi CableJ,

any updates for march ?
  • #35,049
  • Apr 17, 2024 9:01am Apr 17, 2024 9:01am
Quoting maltrader
{quote} Each 200k will need a different strategy. If you have 200k and 2 100k then one of the 100k can share the strategy with the 200k
If it's like that it's very dumb IMO.

If I have 2x200K I can't trade 1 lot EURUSD in both accounts.
But I can trade 30 lots EURUSD in one while the other one rests ?

Where's the logic of that ?
  • #35,050
  • Apr 17, 2024 9:07am Apr 17, 2024 9:07am
Quoting Stoneyrocks
{quote} With which ones you are funded and which ones are in process and which ones on the to do list ?
I'm not the best guy here because I have a reckless approach to props (meaning I add a lot of rubbish, props I don't trust but I try to milk anyway).
FXIFI, Alpha, Blue, Next, TFF, 5ers funded
Waiting in Real Funds Trader (which has been a complete piece of sh* until now)
Engineer, Finotive, Peaks challenges

In some I have 2 accounts and/or scaled accts.

I'm just waiting for the dust to settle to add some more rubbish to the portfolio. Again, I'm very reckless. Not a good example to anyone.
  • #35,051
  • Apr 17, 2024 9:21am Apr 17, 2024 9:21am
Quoting Capablanca
If I have 2x200K I can't trade 1 lot EURUSD in both accounts. But I can trade 30 lots EURUSD in one while the other one rests ? Where's the logic of that ?

My guess is that it prevents some obvious abuses, avoids some legal problems and makes life easier for the funding company, from their compliance perspective. (I may be wrong, also.)
  • #35,052
  • Apr 17, 2024 9:28am Apr 17, 2024 9:28am
Quoting Capablanca
{quote} I'm not the best guy here because I have a reckless approach to props (meaning I add a lot of rubbish, props I don't trust but I try to milk anyway). FXIFI, Alpha, Blue, Next, TFF, 5ers funded Waiting in Real Funds Trader (which has been a complete piece of sh* until now) Engineer, Finotive, Peaks challenges In some I have 2 accounts and/or scaled accts. I'm just waiting for the dust to settle to add some more rubbish to the portfolio. Again, I'm very reckless. Not a good example to anyone.
Capablanca realfundstrader not worth take challenge? how is conditions in fundedpeaks?
  • #35,053
  • Apr 17, 2024 9:34am Apr 17, 2024 9:34am
Quoting HengkiTjen
{quote} Yes I max $300k with them Because this rules I only purchased $100k and $200k I just followed them, now is my fourth payout The band me using my pending order EA That's help me execute trade during I'm working Well they still pay me so far
ACG needs to just straight up say that EAs are not allowed at all. Because they really aren't; they rarely approve them, they won't tell you what the extra qualifications are to get one approved (it's more stringent than the risk rules they publicly state, and they refuse to tell you what they are), and even if you do manage to get an EA approved, they usually ban it a few months later after enough payouts.
  • #35,054
  • Apr 17, 2024 9:45am Apr 17, 2024 9:45am
Quoting Novazor
{quote} Capablanca realfundstrader not worth take challenge? how is conditions in fundedpeaks?
RFT is a disappointment so far in customer service (real bad). I will provide more details when time is appropriate, not now. I had a good impression of Franklin but it seems to me that he is as shady as a lot of other CEOs.

And be careful if you have 2 accounts with them. Even if you trade different strategies it only takes one similar trade among 50 or 100 trades for them to void both accounts. I already saw several cases in twitter and telegram. I know it's written but it's unique. Never saw such a strict rule like this.
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Funded Peaks spreads are good during liquid times. 2 pips in EURUSD, 3 to 5 pips in GBPUSD, for example.
Slippage is not bad but it's not the best around. Commissions are low. $2 per lot for forex

They have a set of shady rules of not being able to risk more than 2% per strategy but they don't demand SLs in all orders so I guess they can only know the real risk after we close the trade(s). I don't know, also, if the system is able to calculate the total risk when someone has a lot of entries.
And also don't know what happens if someone loses 2% and then opens a new position, immediately, in the same instrument and direction to lose another 1 or 2%.
Worth to note also this one:
https://help.fundedpeaks.com/en/arti...pen-at-anytime


The more rules props implement the shadier becomes the situation and the more reasons they find to deny things.
  • #35,055
  • Apr 17, 2024 9:48am Apr 17, 2024 9:48am
Quoting KarlKraus
{quote} My guess is that it prevents some obvious abuses, avoids some legal problems and makes life easier for the funding company, from their compliance perspective. (I may be wrong, also.)
I don't really get it because someone with 2x200K still can use 300K for a single strategy, according with their rules.

What does that mean ? That I can buy 20 lots in account 1 + 10 lots in account 2 ?
But no 1 lot in account 1 + 1 lot in account 2 ?

It doesn't make any sense. The rule as it is stated is just a piece of crap, very dubious without even an example.

I would say the best is never use them in simultaneous, unless using it for complete different pairs/instruments like EURUSD and S&P or EURUSD and CHFJPY (because don't even know what strategy means there)
  • #35,056
  • Apr 17, 2024 9:48am Apr 17, 2024 9:48am
Quoting maltrader
{quote} Thanks for the response. I'm connecting to Singapore, closest to my location. Doesn't seem to help. RTT shows as 216ms on Quantower, but when I try to look at some charts, they complain about delays above 1s some times. Yeah, have the problem of forgetting (I think) to close the orders remaining. Been lucky with them so far as they've been profitable mistakes, but really have to make sure all are closed before stepping away. I'm not sure if they are left over after manually closing all the orders or I just failed to close the SL/TP orders...
I'm relatively lucky then, with RRT anywhere between 60 and 90 ms. That said, you may find some help if you increase the "Data Latency Limit" under General Settings, which is default set at 1000ms i.e. 1 second.
  • #35,057
  • Edited 11:02am Apr 17, 2024 10:47am | Edited 11:02am
Quoting Stoneyrocks
{quote} Hi CableJ, any updates for march ?
here you go

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  • #35,058
  • Apr 17, 2024 10:59am Apr 17, 2024 10:59am
Does FTMO even have live chatt anymore?
  • #35,059
  • Apr 17, 2024 12:24pm Apr 17, 2024 12:24pm
I want to learn something.

If I pass challenge for a 200.000 USD with FTMO, will I have 2x200K accounts or only one?

I remember in MFF (now defunct) it was told that if we pass a 200K account they were giving 2x200K accounts. Is this true?

This is why I am confused. I emailed FTMO 2 times and there is no answer. Why I doubt is because they did not respond me even if it is not possible.

Thank you.
  • #35,060
  • Apr 17, 2024 12:27pm Apr 17, 2024 12:27pm
Quoting Capablanca
The rule as it is stated is just a piece of crap, very dubious without even an example.

No, I’m not arguing with that, certainly.
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