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  • #35,561
  • Apr 28, 2024 1:13pm Apr 28, 2024 1:13pm
Quoting Alesamo
ICFunded obviously updated their FAQ; EAs are not allowed (unless "you own the source code")... So a NO GO for me, as I am an EA trader... Quite disappointing, also I did not receive a single message from them since I signed up for the pre-phase... I am a long term customer with IC Markets, but if they are affiliated with ICFunded I am really considering to move my funds to other brokers... {image}
They are using a fall guy Dennis Ye to run ICFunded. Dennis has the IQ of a lab rat. Brokers in general do not like EA flow as its harder to B-book. That obviously tells a large story.
  • #35,562
  • Apr 28, 2024 1:34pm Apr 28, 2024 1:34pm
Quoting mcquak
{quote} 1. Go to the folder, where your cTrader is installed. On my machine it's %LOCALAPPDATA%\Spotware\cTrader 2. You will see there a folder with the name in form of GUID {image} 3. Copy and paste the whole folder, so it creates an exact copy of the original folder content, and names the folder with the same string having "Copy" suffix. {image} 4. I do not like having a folder name with the Copy suffix. So, because the folder name is GUID I generate...
Man, I can't thank you enough for all this. I just tested and this works like I wanted. No more wasted time alternating between accounts. Many many thanks !

I have 3 folders and created 3 shortcuts, one for each, and I'm able to run the 3 ctraders apps, with 3 different emails and different ctrader ID.

What I notice is that when I close all the 3 instances of ctrader, when I start them again I have to enter again the login credentials. This I guess is not possible to solve, right ? I mean, for each folder to have his own password saved from last session.

Anyway, even if I have to enter credentials everyday this is just once a day. It's a brutal improvement of what I had (which was constantly having to enter credentials to alternate accounts).
  • #35,563
  • Apr 28, 2024 2:01pm Apr 28, 2024 2:01pm
With all the noise of FE going on, there is another one that was not much noticed since Friday.

There's a prop called Real Funds Trader (RFT) that "innovated" in the news rules and I would not be surprised if more would follow because all bad practices use to be copied by crooks if they allow to deny more payouts. Be warned about this, not just for RFT.

Their news is +/- 5 minutes, which seems pretty normal. However, if someone like Powell or Lagarde is speeching the rule means 5 minutes AFTER they stop speaking. So if the speech takes 1 hours, this is 1 hour and 5 minutes. It's not like in other props.

There's a guy in twitter that was denied 3600 USD payment because he put a 0.01 trade (to count trading days - this is not forbidden by them) 45 minutes after Powell spoke. However this was an event where Powell participated for 3 hours, as far as I undestood.
So, he was denied a payout for brutal 0.01 "mistake" and the account was banned.

The rule was unclear about this and after all the buzz in twitter they amended it, as we see here:
https://twitter.com/fre_fre88/status...37607788282213
Nevertheless they kept the decision, if if they felt the urgency of clarifying the rule.

It seems to me that Real Funds Trader is a clear scam.

If someone wants to see the details of the case:
https://twitter.com/fre_fre88/status...13339901788224
https://twitter.com/fre_fre88/status...65939362341016

Worse than this, Gocho, the CEO (I think his name is Fraklin) tried to dox this guy, saying that he never contacted support, which he proved he did several times, and that he called him scammer, which he didn't and could not prove.
https://twitter.com/fre_fre88/status...39738325815580

I didn't see a character like this since Kaler from Bespoke, in his old glory days. He's really an arrogant guy, beside an prop artist, like so many more out there.

Just check this tweet as an example (ask browser for a translation if you don't understand Spanish)
https://twitter.com/gocholive/status...46846593183913

And it's funny their name. Real Funds Trader. Then in conditions, as expected it's more Fictitious Funds Trader:
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  • #35,564
  • Apr 28, 2024 2:05pm Apr 28, 2024 2:05pm
Quoting Capablanca
With all the noise of FE going on, there is another one that was not much noticed since Friday. There's a prop called Real Funds Trader (RFT) that "innovated" in the news rules and I would not be surprised if more would follow because all bad practices use to be copied by crooks if they allow to deny more payouts. Be warned about this, not just for RFT. Their news is +/- 5 minutes, which seems pretty normal. However, if someone like Powell or Lagarde is speeching the rule means 5 minutes AFTER they stop speaking. So if the speech takes 1 hours,...
this guy basically self proclaimed as the savior of latino prop traders. when opportunity strikes...
  • #35,565
  • Apr 28, 2024 2:15pm Apr 28, 2024 2:15pm
Quoting Takisd
{quote} this guy basically self proclaimed as the savior of latino prop traders. when opportunity strikes...
I had a different impression from him, just like Kahled (or back in the days form Matt). It's the problem of twitter and social media. People can create a fake character of themselves.
  • #35,566
  • Apr 28, 2024 2:54pm Apr 28, 2024 2:54pm
Quoting Capablanca
{quote} What I notice is that when I close all the 3 instances of ctrader, when I start them again I have to enter again the login credentials. This I guess is not possible to solve, right ? I mean, for each folder to have his own password saved from last session).
This is an inconvenience which I do not know how to overcome :/. It must be caused by the way how cTrader stores latest session.
  • #35,567
  • Apr 28, 2024 3:00pm Apr 28, 2024 3:00pm
Quoting Takisd
{quote} Yes as much as I like the word "seed"
From a risk mitigation standpoint it would make more sense for Darwinex to B-book the seed capital funds. For one the risk engine will keep traders from making outrageous gains. Also, I believe the initial amount you get is 10K/20K/30K and you're guaranteed to have it for 3 months.

Scenario 1) You're the worst trader on the planet, use max VaR, and lose 30% on 30K over the 3 month period. A-book costs Darwinex $9,000.

Scenario 2) You're the best trader on the planet, use max VaR, and profit 30% on 30K over the 3 month period. B-book costs Darwinex $1,350
Pride always comes before destruction.... -Proverbs 16:18
  • #35,568
  • Apr 28, 2024 3:00pm Apr 28, 2024 3:00pm
Quoting Alesamo
ICFunded obviously updated their FAQ; EAs are not allowed (unless "you own the source code")... So a NO GO for me, as I am an EA trader... Quite disappointing, also I did not receive a single message from them since I signed up for the pre-phase... I am a long term customer with IC Markets, but if they are affiliated with ICFunded I am really considering to move my funds to other brokers... {image}
Hantec is also turning out to be a disappointment as all funded accounts have trailing equity stop.
  • #35,569
  • Apr 28, 2024 3:04pm Apr 28, 2024 3:04pm
Quoting Expo33
{quote} From a risk mitigation standpoint it would make more sense for Darwinex to B-book the seed capital funds. For one the risk engine will keep traders from making outrageous gains. Also, I believe the initial amount you get is 10K/20K/30K and you're guaranteed to have it for 3 months. Scenario 1) You're the worst trader on the planet, use max VaR, and lose 30% on 30K over the 3 month period. A-book costs Darwinex $9,000. Scenario 2) You're the best trader on the planet, use max VaR, and profit 30% on 30K over the 3 month period. B-book costs...
I like the idea of the VaR. It also is a positive for traders as it controls them to be traders rather than what they appear to be right now in the eval prop world. Almost every screenshot i have scraped the last 4 days has way more risk than should ever be on the balances given. But whatever gets the likes I guess.
  • #35,570
  • Apr 28, 2024 3:05pm Apr 28, 2024 3:05pm
Quoting TraderTero
{quote} Hantec is also turning out to be a disappointment as all funded accounts have trailing equity stop.
Hantec is a crappy broker, so doesn't surprise me to be a crappy prop. Oanda is likely to disappoint as well.
  • #35,571
  • Apr 28, 2024 3:32pm Apr 28, 2024 3:32pm
Quoting Takisd
{quote} I like the idea of the VaR. It also is a positive for traders as it controls them to be traders rather than what they appear to be right now in the eval prop world. Almost every screenshot i have scraped the last 4 days has way more risk than should ever be on the balances given. But whatever gets the likes I guess.
I like the VaR as well.

Friday I got greedy. After making my daily profit I got my hand caught in the cookie jar and ended up with 12 lots of drawdown exposure and now holding over the weekend.

BUT the VaR reduced that down to about 7.3 lots saving me from the full consequences of my stupidity or more precisely my lack of discipline. Just because I'm only 57 doesn't mean I don't need my diapers changed once in a while.
Pride always comes before destruction.... -Proverbs 16:18
  • #35,572
  • Apr 28, 2024 3:44pm Apr 28, 2024 3:44pm
Quoting Expo33
{quote} I like the VaR as well. Friday I got greedy. After making my daily profit I got my hand caught in the cookie jar and ended up with 12 lots of drawdown exposure and now holding over the weekend. BUT the VaR reduced that down to about 7.3 lots saving me from the full consequences of my stupidity or more precisely my lack of discipline. Just because I'm only 57 doesn't mean I don't need my diapers changed once in a while.
I am trying to come up with some math for this to build a different prop firm program for fun (I am a nerd like that). I have a few accounts lately at "different" prop firms for research not for suggestions or comments or even profits. Thetradingpit is another one i have to see what its like as well. I think there is potential for a great new model that could lead to some sort of "a book" or feed more into a quant strategy than the random walk gambling that exists out there now.

Maybe tomorrow I will obsess about something else but the existing 2 phase profit target model is nothing more than a glorified lottery now and there are now too many groups who have beaten that system. I have 4 strategies now that virtually guarantee passing fast and effectively and the trading itself is not sustainable long term. Model is broken.
  • #35,573
  • Apr 28, 2024 4:45pm Apr 28, 2024 4:45pm
Quoting Takisd
{quote} I have 4 strategies now that virtually guarantee passing fast and effectively.
Lend me one you only trade dow?
  • #35,574
  • Apr 28, 2024 4:47pm Apr 28, 2024 4:47pm
Quoting Takisd
Hearing rumors Fundingpips is going to rug. I suspect that it’s not rug but they will take the moment to do something whilst others down
Can you elaborate a little please?
  • #35,575
  • Apr 28, 2024 4:53pm Apr 28, 2024 4:53pm
New payout with My Flash Funding but :

Before, as soon as you requested the payout, you were able to trade and initiate a new cycle. Now it's no longer possible.
You have to wait the payment. Requested on 25th, first trade will be tomorrow 29. Means 4 days lost.

Like MFFX, they decided to stop the refund fees (same news with same text !!!)

Finally, they took the decision to propose standard 2 steps challenge (8 DD, 8 (1), 5(2) ) , probably because the challenge (8, 6, 6) is becoming borderline.
  • #35,576
  • Apr 28, 2024 5:08pm Apr 28, 2024 5:08pm
Quoting rizla101
{quote} Lend me one you only trade dow?
no, but dow is easiest to pass on time wise.

To the folks praising the conditions of 5ers, I am looking at their order book as they are publishing it in mt5. Its horrendous. Top of the book is great, maybe even second layer. After that really bad.
  • #35,577
  • Apr 28, 2024 6:39pm Apr 28, 2024 6:39pm
Quoting Takisd
{quote} no, but dow is easiest to pass on time wise. To the folks praising the conditions of 5ers, I am looking at their order book as they are publishing it in mt5. Its horrendous. Top of the book is great, maybe even second layer. After that really bad.
up till what size you will have good fills on that top of the book ?
  • #35,578
  • Edited 10:04pm Apr 28, 2024 8:25pm | Edited 10:04pm
Finally the challenge account passing streak broke at 33(includes 20 apex) with topstep lost 3x150k in 2days. Going to take day or 2 off then probably buy reset.
Mistake in losing these accounts is on my stupidity, went for some nonsense RISK management which is 15 contracts per trade.
For the next reset going to follow the same scaling plan like myfundedfutures which i like it as the profit increases so does the contracts sizing.
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Extreme gut feeling trader
  • #35,579
  • Edited 11:28pm Apr 28, 2024 10:44pm | Edited 11:28pm
Quoting montygoldy
{quote} I only know of fxify which gives mt4 otherwise i think rarely any other firm provided mt4
Quoting rizla101
{quote} Fundednext and fundedpeaks also have.
Compairing between fxify and fundednext; i choosed fundednext : a Stellar 2-Step Challenge 15K worth usd 119
which gave more oppurtunity :

FundedNext is the only firm to offer a 15% profit sharing from the profit we make during the challenge phases

and i wrote a simple EA to trade.

I open for any suggestion of running the account with my simple AZR EA to accieve good goal.
any suggestion will be very high apreciated.
Here the credintial :

MT4
Login: 22134726
Pass : ysdIG16##
Server: FundedNext-Demo

I'll share the result on this thread : https://www.metalsmine.com/thread/po...5#post14848345

It will take at least 3 months to pass the challenge to succesed
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I am completely a lazy Trader & Pennies Rebate Hunter
  • #35,580
  • Apr 28, 2024 10:51pm Apr 28, 2024 10:51pm
Quoting montygoldy
Finally the challenge account passing streak broke at 33(includes 20 apex) with topstep lost 3x150k in 2days. Going to take day or 2 off then probably buy reset. Mistake in losing these accounts is on my stupidity, went for some nonsense RISK management which is 15 contracts per trade. For the next reset going to follow the same scaling plan like myfundedfutures which i like it as the profit increases so does the contracts sizing. {image}
Thanks for the update. You will come back stronger. The apex 80% expires soon. I hope they roll out a 90% off like they had before. Hope you get your payout this week from the Apex PA's. Good Luck
Drawdown is more important than Account Size !
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