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So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

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Prop Firm Hub

Quoting deroty
Hi. FTMO sent me the below email. I did not use USA server but they say I did that. I am using forexvps.net . It appears they changed my server from London to Singapore. May be throughout that process they change and used USA. What to do now? Secondly I use FXBlue trade copier. FTMO is the sender account. Does FXBlue trade copier handle copying issue inhouse within VPS - or do they do log in to another server like USA? Please see below. How can I make sure FTMO does not ban me? Ed. ---------------------- I hope this message finds you well. We would...

I am trading from UK and I have been using FXBlue trade copier to copy trades from my FXpro account into FTMO funded account though my VPS server is set to London and I have never receive such warning from them. May be your VPS changed server location during downtime or so.
Quoting Cryptosurf
{quote} Honestly forget about one day pass. All you need is make an avg $500 a day and stop. Across 20 50k accounts. Doing that is mind numbingly easy. First three months you’re capped at 80k, after that cap is lifted. $500 a day is $200k a month. Intraday only, during waking hours when you can be focused. Trade only one or two that move during that time. It’s methodical, boring and uneventful. That’s how the game is played.
Do you know about Apex new rules- DCA.. dollar Cost Averaging.. they prohibit average down.. not sure how many entries are considerred violation ..
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Quoting Capablanca
{quote} How many lots aprox were you using in challenge phase ? This is useful information. Btw, they may revise that after a while and if they like what they see in funded account you may have those restrictions waived.
2-5 for gold, max 40 on forex but on 3 symbols in parallel once (usually 10-20 lots at a time), and 5-10 lots on DE40 and US100.

Didn't go into deep drawdown. Was quite smooth and took profit early so that no one single trade contributed most of the profits.
Quoting Boulder
{quote} Do you know about Apex new rules- DCA.. dollar Cost Averaging.. they prohibit average down.. not sure how many entries are considerred violation .. {image}
Maybe it was there already but I don't remember of having read that part of all orders with SLs.
Quoting Boulder
{quote} Do you know about Apex new rules- DCA.. dollar Cost Averaging.. they prohibit average down.. not sure how many entries are considerred violation .. {image}
Whoa. So many new rules but no clarity given with the vague descriptions.
The stop loss rules sound like a throwback to the ones some of the forex firms used to have. Think they should at least state how much can be risked so that the stop loss can be set.
Quoting Capablanca
{quote} Maybe it was there already but I don't remember of having read that part of all orders with SLs.
New rules., only apply to PA accounts.. all need SL ..RR 3:1
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Quoting stirmatt
{quote} I am trading from UK and I have been using FXBlue trade copier to copy trades from my FXpro account into FTMO funded account though my VPS server is set to London and I have never receive such warning from them. May be your VPS changed server location during downtime or so.

Thanks Stirmatt for the reply. FX Blue replied me and told me that copying is handle inhouse in VPS without using external server, same with you. I guess it is the VPS provider. This is not the first time they are doing that.
Quoting Boulder
{quote} New rules., only apply to PA accounts.. all need SL ..RR 3:1 {image}
RIP stackers.
APEX PA Accounts have so many restrictions. Damn !
Love Cars & Money !
Quoting deroty
{quote} Thanks Stirmatt for the reply. FX Blue replied me and told me that copying is handle inhouse in VPS without using external server, same with you. I guess it is the VPS provider. This is not the first time they are doing that.
You can use VPS to gives you permanent server location to avoid FTMO banning you.
Quoting Takisd
{quote} RIP stackers.
I hope they are clear in their rules. For HFT firms, max 2 positions were allowed to open when I traded..
I need to know about Apex on how many trades allowed to open in PA accounts..
Quoting Boulder
{quote} Do you know about Apex new rules- DCA.. dollar Cost Averaging.. they prohibit average down.. not sure how many entries are considerred violation .. {image}
Those rules were always in the PA agreement so it’s nothing new.

All the migrant FX yolo gamblers are getting reigned in.
Trade with confidence, trade without fear.
Quoting Boulder
Do you know about Apex new rules- DCA.. dollar Cost Averaging.. they prohibit average down.. not sure how many entries are considerred violation ..
-I agree with most of these rules, but I do not understand why firms prohibit DCA. Maybe someone can explain.

Being able to break trades up into smaller position sizes is a necessary part of trading. I do it to mitigate slippage and maintain flexibility on my entries.

I guess, fortunately for APEX, slippage is not much of an issue.
Quoting Nsak3y
{quote}-I agree with most of these rules, but I do not understand why firms prohibit DCA. Maybe someone can explain. Being able to break trades up into smaller position sizes is a necessary part of trading. I do it to mitigate slippage and maintain flexibility on my entries. I guess, fortunately for APEX, slippage is not much of an issue.
Adding to losing positions is losing strategy.
Trade with confidence, trade without fear.
Quoting Cryptosurf
Adding to losing positions is losing strategy.
-I am not talking about that. I am talking about breaking positions up into smaller sizes. There should be nothing wrong with that.
Quoting Cryptosurf
{quote} Adding to losing positions is losing strategy.
If it is a loosing strategy why APEX is banning . First time I am seeing casino wants players to win
Quoting anthon25
{quote} Day 12 {image}
Day 13 ; stress free tradings way. Almost there, Robot....
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I am completely a lazy Trader & Pennies Rebate Hunter
Quoting Nsak3y
{quote}-I am not talking about that. I am talking about breaking positions up into smaller sizes. There should be nothing wrong with that.
You can DCA to winners but not losers.
Trade with confidence, trade without fear.
Quoting Cryptosurf
{quote} Adding to losing positions is losing strategy.
Depends how they define it.

If they interpret it by the book, which these props may do, then any buy at 5000 and another at 4999.75 is already a violation.

I do that tons of times in fx to get better fills. Instead of buying 5 lots I buy 3+2 with minutes of difference. Sometimes the 2 lots are bought slightly lower than the 3 (so the 3 was losing), which is not a big deal for a positions that will be there for hours or days.

Quoting Takisd
{quote} RIP stackers.
Not really a surprise. They ar probably being hit hard by all the videogamers coming to futures.
Quoting sampat
{quote} If it is a loosing strategy why APEX is banning . First time I am seeing casino wants players to win
The FX yolo migrants have become dreadful to deal with. I saw tons of them screaming about losing accounts on CPI news.

Some people never learn and never will.
Trade with confidence, trade without fear.
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