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  • #36,101
  • May 7, 2024 12:47pm May 7, 2024 12:47pm
Another motivation guys this guy made it. 200k with apex. I've been following him for a while. Follows his rules strictly not gonna comment on his trading style.
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Extreme gut feeling trader
  • #36,102
  • May 7, 2024 1:00pm May 7, 2024 1:00pm
Quoting montygoldy
Another motivation guys this guy made it. 200k with apex. I've been following him for a while. Follows his rules strictly not gonna comment on his trading style. {image}
mostly vwap.
  • #36,103
  • May 7, 2024 1:04pm May 7, 2024 1:04pm
Quoting pipmaster77
{quote} mostly vwap.
yep whatever works for him the KEY is CONSISTENCY.
Extreme gut feeling trader
  • #36,104
  • May 7, 2024 1:07pm May 7, 2024 1:07pm
Quoting montygoldy
Just a random post one of the streamers lost alot of apex funded accounts in 2min. I dont like to see others losing but its good for me to show to my brain NEVER DO THIS on my accounts. Apex not cheap 4k in total evals + activation fee. {image}
Well I would do If I already milked 250K, it is just 2 payments by the time. The game is not spending your money and using props money to invest itself.
  • #36,105
  • May 7, 2024 1:17pm May 7, 2024 1:17pm
Quoting Capablanca
{quote} Expo, reading your detailed posts, which have been excellent for whoever wants to dive into Darwin, I have a main doubt, even before wasting time in the technicalities of the program. Do you think Darwin is worthwhile for whoever doesn't want to create an auditable record, which is my case ? I mean, Darwin seems to take a bit of time and, in my case, I usually only make 1 or 2 trades a day. It seems I would take a long time until being trading a reasonable capital. All my other alternatives, either forex or futures, with easier/faster money...
Just to follow up on what I said.

I get my beloved Meta4(for now anyways).

I can trade any way I like. No SL rules, news rules, weird consistency rules, IP address issues, and on and on.

I don't have to rush for fear that the rug pull may be just around the corner.

No ridiculous profit caps.

All I need to do is earn 3-5% per month and I'll have a nice gig for my retirement years

And I just like the idea of attracting real capital from real investors.

Nobody named Matt, Blake, or Scamgelo.

Plus in the first year the total cost to me is 106 + (40 x 11 months) = $546 so basically a bit more than ONE 100K challenge.

Plus Darwinex Zero just sounds kind of cool
Pride always comes before destruction.... -Proverbs 16:18
  • #36,106
  • May 7, 2024 1:19pm May 7, 2024 1:19pm
Quoting Expo33
{quote} I got the answers to my two questions.{image} At this point for me it's best to just trade tiny until the end of the month to get that 30K just to make sure we get the ball rolling. Afterall, it's all about track record. If I was still below the 75 rating I'd continue overleveraging as there seems to be no personal penalty for doing that.
How do they define Value at Risk? I can use 20 lots on 100K account an put 5 pip stop. So technically my Value at risk is 1% (1K) In their example it says High water mark to low water mark which makes sense.
But that happens only when overleveraged position reaches to some level of unrealized losses.
Alternatively I can divide same position into 100 parts but risk still remains same.
I am trying to understand overleverage on darwin context.
  • #36,107
  • May 7, 2024 1:22pm May 7, 2024 1:22pm
Quoting Takisd
{quote} I think you will find if you had the data posted January 2023 their a-book was significantly more and their VIP accounts were mostly A-booked. They were fine via risk mitigation and some fairly good know how. They were also at 35m/month when they were shut down. From the public record there are some spreadsheets and conversations they were part taking in to monetize as well. So in terms of them vs others - built different. But hey, an out of context catch phrase and the fact murtuza had a bugatti is all that matters.
Days before shutdown Josh was hinting that they figured something out with the data and they were about to start paying traders even if they blew accounts... do you have any idea what that may have been?
  • #36,108
  • May 7, 2024 1:25pm May 7, 2024 1:25pm
Quoting Expo33
{quote} Just to follow up on what I said. I get my beloved Meta4(for now anyways). I can trade any way I like. No SL rules, news rules, weird consistency rules, IP address issues, and on and on. I don't have to rush for fear that the rug pull may be just around the corner. No ridiculous profit caps. All I need to do is earn 3-5% per month and I'll have a nice gig for my retirement years And I just like the idea of attracting real capital from real investors. Nobody named Matt, Blake, or Scamgelo. Plus in the first year the total cost to me is 106...
You're doing forex, correct? Futures is also an option. I'm sure the indices are available as cash instruments on the forex side?
  • #36,109
  • May 7, 2024 1:26pm May 7, 2024 1:26pm
Quoting CableJ
{quote} Days before shutdown Josh was hinting that they figured something out with the data and they were about to start paying traders even if they blew accounts... do you have any idea what that may have been?
I remember that post by Josh.
  • #36,110
  • May 7, 2024 1:29pm May 7, 2024 1:29pm
Quoting montygoldy
Another motivation guys this guy made it. 200k with apex. I've been following him for a while. Follows his rules strictly not gonna comment on his trading style. {image}
I watch him almost daily. I love he does not take emotional trades. He sits calm and makes his move at the rite time.
Drawdown is more important than Account Size !
  • #36,111
  • May 7, 2024 1:30pm May 7, 2024 1:30pm
Quoting pipmaster77
{quote} You're doing forex, correct? Futures is also an option. I'm sure the indices are available as cash instruments on the forex side?
Yes they have indices on the Forex model
Pride always comes before destruction.... -Proverbs 16:18
  • #36,112
  • May 7, 2024 1:33pm May 7, 2024 1:33pm
I did ok on the NQ drop just now. Could not take screen shot market was too fast. I also started my $100k FXIFY this week. Had a rough start with Drawdown but came out of it quick. Lets see how it plays out rest of the week.
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Drawdown is more important than Account Size !
  • #36,113
  • May 7, 2024 1:37pm May 7, 2024 1:37pm
Quoting sampat
{quote} How do they define Value at Risk? I can use 20 lots on 100K account an put 5 pip stop. So technically my Value at risk is 1% (1K) In their example it says High water mark to low water mark which makes sense. But that happens only when overleveraged position reaches to some level of unrealized losses. Alternatively I can divide same position into 100 parts but risk still remains same. I am trying to understand overleverage on darwin context.
I don't know. I missed the last webinar. Maybe I'll be available for the next one and ask some questions

The risk engine seems odd to me. I mean it reduces your position size in real time if you go coo coo for Cocoa Puffs but takes 45 days to recalibrate if you start trading normal again. Since there's apparently no penalty for trading like a maniac it kind of makes the risk engine mute.(other than protecting investor capital)

I'll just ham and egg 2 lot positions for the rest of the month since they'll be reduced down to 0.4 lots just to keep my rating above 75. But if I was still at a rating of say 65 I would just keep trading 10 lots just to counteract the risk engine reduction and have the ability to make larger profits.
Pride always comes before destruction.... -Proverbs 16:18
  • #36,114
  • May 7, 2024 1:43pm May 7, 2024 1:43pm
Quoting CableJ
{quote} Days before shutdown Josh was hinting that they figured something out with the data and they were about to start paying traders even if they blew accounts... do you have any idea what that may have been?
Yes. But it won't happen anymore, given the regulatory risk no one will be that generous anymore if they figure some things out.
  • #36,115
  • May 7, 2024 1:43pm May 7, 2024 1:43pm
Quoting Capablanca
{quote} Expo, reading your detailed posts, which have been excellent for whoever wants to dive into Darwin, I have a main doubt, even before wasting time in the technicalities of the program. Do you think Darwin is worthwhile for whoever doesn't want to create an auditable record, which is my case ? I mean, Darwin seems to take a bit of time and, in my case, I usually only make 1 or 2 trades a day. It seems I would take a long time until being trading a reasonable capital. All my other alternatives, either forex or futures, with easier/faster money...
You might go with Darwinex classic live with account as low as 1 or 2K deposit (depending on your resident country). Both Darwinex classic and zero are same except on one signal account is your real account and on another it is demo account. I think small live account will get more skin in the game plus no fees and no pressure of wasting and recovering money on fees.
  • #36,116
  • May 7, 2024 1:52pm May 7, 2024 1:52pm
Quoting sampat
{quote} You might go with Darwinex classic live with account as low as 1 or 2K deposit (depending on your resident country). Both Darwinex classic and zero are same except on one signal account is your real account and on another it is demo account. I think small live account will get more skin in the game plus no fees and no pressure of wasting and recovering money on fees.
Im in the US that's why I had to use DZero.

Looked into Darwinex live 7 years ago when they were trying to break into the US market. I was drooling over their model. Ultimately they abandoned that plan due to the nightmare and cost. Thank you US regulations for protecting me from a great opportunity.

Imagine having a 7 year track record already.
Pride always comes before destruction.... -Proverbs 16:18
  • #36,117
  • May 7, 2024 1:52pm May 7, 2024 1:52pm
Quoting Expo33
{quote} Yes they have indices on the Forex model
You make some great points....for about the cost of a "traditional" 100K challenge (spread over a year), you get MT4, all of the instruments, build a track record, trade real funds and no need to worry about not being paid.
  • #36,118
  • May 7, 2024 1:57pm May 7, 2024 1:57pm
Quoting Expo33
{quote} Im in the US that's why I had to use DZero. Looked into Darwinex live 7 years ago when they were trying to break into the US market. I was drooling over their model. Ultimately they abandoned that plan due to the nightmare and cost. Thank you US regulations for protecting me from a great opportunity. Imagine having a 7 year track record already.
Yea it is banned for Canadians too. Good thing is one can pay fees via 15% performance fees from allocated seed.
  • #36,119
  • May 7, 2024 1:58pm May 7, 2024 1:58pm
Quoting pipmaster77
{quote} You make some great points....for about the cost of a "traditional" 100K challenge (spread over a year), you get MT4, all of the instruments, build a track record, trade real funds and no need to worry about not being paid.
Yup, like I said in the post above I could have had a 7 year track record and been managing millions already. (assuming I could make a few percent a month)

Thank you to the US regulators for protecting me from myself. Phew, that was close. I almost got sucked into a great opportunity.
Pride always comes before destruction.... -Proverbs 16:18
  • #36,120
  • May 7, 2024 2:04pm May 7, 2024 2:04pm
Quoting Expo33
{quote} Yup, like I said in the post above I could have had a 7 year track record and been managing millions already. (assuming I could make a few percent a month) Thank you to the US regulators for protecting me from myself. Phew, that was close. I almost got sucked into a great opportunity.
But would you invite me to your harem.
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