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  • #37,341
  • Jun 3, 2024 2:36pm Jun 3, 2024 2:36pm
Quoting Capablanca
{quote} This is becoming more and more complex by the day. On the positive side the cowboys of CFDs wouldn't miss the opportunity of failing the account and tell him there is nothing we can do.
I do not see much positivism. It's refined approach, more sophisticated one, but with almost same result in their books.
If you made 100% for 15 days, what are the chances to make another 100% for the next 15? Where does this stand in the bell curve of the normal distribution? I bet that chances are not great at all, they are not idiots and are fully aware of the stats. The more you trade, the more you will get to the mean.

Quoting sampat
{quote} We can't complain with 250K promo. Imagine if one puts 27 lots on 20 accounts using trade copier with limits and stops. Any system will crash.
I really do not understand that mentality. Again fault is thrown to the clients. Why?
They are making promo, which is extended several times, but did not take care of the hardware to handle the rising load. Blaming Rithmic, but actually haven't paid for enough computing power and infrastructure.

Complaining that there are people with many evals in reserve, but not limiting them?!?
Giving you crazy leverage and if you lose - no problems you are welcome, if you win - you are a gambler and not consistent?!?
Yes, I agree that there are problems with people who trade in different directions simultaneously or their accounts are run but 3rd parties, or reaching target with one trade, but instead of going after them, first thing they do is going after ones who have added to losing position?!? Retroactive policy implementation, after the many newcomers from the promo.
  • #37,342
  • Jun 3, 2024 2:51pm Jun 3, 2024 2:51pm
Quoting fx_rookie
{quote} I do not see much positivism. It's refined approach, more sophisticated one, but with almost same result in their books. If you made 100% for 15 days, what are the chances to make another 100% for the next 15? Where does this stand in the bell curve of the normal distribution? I bet that chances are not great at all, they are not idiots and are fully aware of the stats. The more you trade, the more you will get to the mean. {quote} I really do not understand that mentality. Again fault is thrown to the clients. Why? They are making promo,...
It is rhythmic. They don't control it.
  • #37,343
  • Jun 3, 2024 3:04pm Jun 3, 2024 3:04pm
No, that is not true. They are buying from Rithmic a service. This service can and maybe will be upgraded, but it is not done yet. Actually they are admitting it.
It's from their discord.
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  • #37,344
  • Jun 3, 2024 3:10pm Jun 3, 2024 3:10pm
Quoting fx_rookie
No, that is not true. They are buying from Rithmic a service. This service can and maybe will be upgraded, but it is not done yet. Actually they are admitting it. It's from their discord. {image}
well it is like forex prop firms using E8 as provider and e8 has not upgraded severs. How it is apex issue?
  • #37,345
  • Jun 3, 2024 3:15pm Jun 3, 2024 3:15pm
As you can see in the screenshot it can be done. These services are scalable. This is a paper trading server which Apex is buying. It can be upgraded. Do you really think that on live server you have issues everyday?
  • #37,346
  • Jun 3, 2024 3:24pm Jun 3, 2024 3:24pm
Quoting fx_rookie
As you can see in the screenshot it can be done. These services are scalable. This is a paper trading server which Apex is buying. It can be upgraded. Do you really think that on live server you have issues everyday?
rithmic doesn’t license out their feed servers. They maintained control (for obvious reasons) and address issues when they arise.

They did have to expand for the ever increasing traffic from Apex and was discussed weeks ago.
Trade with confidence, trade without fear.
  • #37,347
  • Jun 3, 2024 3:30pm Jun 3, 2024 3:30pm
Quoting sampat
{quote} well it is like forex prop firms using E8 as provider and e8 has not upgraded severs. How it is apex issue?
He has no idea what’s he’s talking about. Futures data feeds are night and day different from what’s used in CFD space. You’re dependent on whatever feed
CQG, Rithmic, etc to maintain feed quality.

There have been times when CQG had problems and it was widespread for everyone. Rithmic as well. They had to expand Dow to the volume increase from Apex.

Before that, when rithmic went down all the future prop firms went down.
Trade with confidence, trade without fear.
  • #37,348
  • Jun 3, 2024 3:32pm Jun 3, 2024 3:32pm
Sure, that's what I am saying. This have to be done before the promotion. Not to act after is late.

p.s. It's not representative but gives some insights about the percent of denials
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  • #37,349
  • Jun 3, 2024 3:53pm Jun 3, 2024 3:53pm
Quoting fx_rookie
Sure, that's what I am saying. This have to be done before the promotion. Not to act after is late. p.s. It's not representative but gives some insights about the percent of denials {image}
Insights indeed...

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Trade with confidence, trade without fear.
  • #37,350
  • Jun 3, 2024 4:14pm Jun 3, 2024 4:14pm
Quoting TheDoug
is AMP different in some way?
//---

amp offers metatrader 5...... that's difference enough.....

metatrader opens the door to instantaneous precision...... it can send, modify or close orders in seconds which would take minutes manually.....

automation, true system building, data mining.....

and that's not even getting started......h

//-----

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//------

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to trade and code, keep both simple... no call to impress....h
  • #37,351
  • Jun 3, 2024 5:17pm Jun 3, 2024 5:17pm
Quoting hayseed
{quote} //--- amp offers metatrader 5...... that's difference enough.....
Good point, it does work well and have never had any issues with it.
Trade with confidence, trade without fear.
  • #37,352
  • Jun 3, 2024 5:58pm Jun 3, 2024 5:58pm
Quoting procrude
I'll take the $10k and invest in other firms lol...f* the interview.
-Just another way to dissuade and deter profitable traders, I'm sure.
  • #37,353
  • Jun 3, 2024 5:59pm Jun 3, 2024 5:59pm
Quoting genuine007
UPDATE Funding Pips 5k Live Funded = down by 8% 5%ers 5k Phase1 = down by 6% EVERY TRADE IS JUST ENDING AS A LOSING TRADE FOR NO REASON
-Not for no reason. The universe is trying to tell you something. You should listen. We all have our own path and our own lessons in life. Figure out what this is teaching you and embrace the lesson. Things happen for us, not to us.
  • #37,354
  • Edited 7:30pm Jun 3, 2024 6:09pm | Edited 7:30pm
I just sort of watched part of an APEX video at 3x speed about "what happens if your payout is denied because of DCA"?

The guy is too funny. Saying, hey its no big deal Expo. If you made 4K in 10 days using DCA and got denied all you have to do is make $400/day for a 10 day period somewhere along the line going forward before you resubmit your withdrawal request. No problemo!

Kind of like robbing a million bucks from a bank and then the bank saying, "hey man, no problem, all you have to do is get an honest job that pays a million dollars and we'll let you keep the million dollars you stole from us"

Seems strange (not really) that they want you to replicate the same profits you made breaking their rules by trading for 10 days while not breaking their rules. Good thing I didn't make 20K on my 50K account yoloing like a madman then I'd have to make 2K per day for 10 days to get approved. Who knows, maybe I'm missing something.

Anyways, my payout is still pending. I sometimes open 2 positions in a tight zone during my quasi scalping kind of intraday but not really trading session. They say 2 positions is fine. BUT, I may have opened 3 small positions once. Can't remember.
Pride always comes before destruction.... -Proverbs 16:18
  • #37,355
  • Jun 3, 2024 7:44pm Jun 3, 2024 7:44pm
Quoting Expo33
I just sort of watched part of an APEX video at 3x speed about "what happens if your payout is denied because of DCA"? The guy is too funny. Saying, hey its no big deal Expo. If you made 4K in 10 days using DCA and got denied all you have to do is make $400/day for a 10 day period somewhere along the line going forward before you resubmit your withdrawal request. No problemo! Kind of like robbing a million bucks from a bank and then the bank saying, "hey man, no problem, all you have to do is get an honest job that pays a million dollars and we'll...
Yes, this DCA is an inconvenience for sure. 80% of my positions consists of many small trades within a range. I've been trading like this for years. Always been more of a swing, hold 2-3+ days trader. However, day trading indices with props doesn't afford the luxury of multi-day holding, so I am not adding as much.
The hypocrisy of pass in 1 day but trade normal once live doesn't even bother me as we are not forced to pass in 1 day, but for $17 dollars, hit a 1.2:1 trade and you get $2,500 in DD for a nominal fee of $85, I get why folks yolo it.
What irks me is I trade micros and if I DCA and add 9 additional micros as price goes against me, I now have 1 mini at a much better price. The guy that enetered a mini at my orignal price is in way more DD but that is OK and he/she/it/they can even add another mini to the loser and still not be in violation....who is more of a threat to the company?
  • #37,356
  • Jun 3, 2024 7:54pm Jun 3, 2024 7:54pm
Just received email from apex they increasing timelimit to 250k one time fee promotion till july 15th to something…. Enticing me to try another 250x20 (not yolo’ing) …. I AM CONVINCED JUST TAKE MY MONEY APEX.
@Expo you’re payout is it waiting coz of me. Lemme purchase some evals…
Greedy….
Extreme gut feeling trader
  • #37,357
  • Jun 3, 2024 8:10pm Jun 3, 2024 8:10pm
Quoting pipmaster77
{quote} Yes, this DCA is an inconvenience for sure. 80% of my positions consists of many small trades within a range. I've been trading like this for years. Always been more of a swing, hold 2-3+ days trader. However, day trading indices with props doesn't afford the luxury of multi-day holding, so I am not adding as much. The hypocrisy of pass in 1 day but trade normal once live doesn't even bother me as we are not forced to pass in 1 day, but for $17 dollars, hit a 1.2:1 trade and you get $2,500 in DD for a nominal fee of $85, I get why folks...
I think DCA rule is doing disservice to micro traders. Mini trader can't DCA much with such a little drawdown.
There should be cap size on size of DCA like trader can trade 10 micro how ever they want.
  • #37,358
  • Jun 3, 2024 9:13pm Jun 3, 2024 9:13pm
Quoting Expo33
Seems strange (not really) that they want you to replicate the same profits you made breaking their rules by trading for 10 days while not breaking their rules. Good thing I didn't make 20K on my 50K account yoloing like a madman then I'd have to make 2K per day for 10 days to get approved.
-Personally, I think it beats getting denied, then account closed, then blacklisted etc.. At least this way, you have a chance to earn it honestly even though you clearly broke the rules. I also think that the 10-days is a minimum, so 2k per day may not be accurate. Probably, you could make back the 20k honestly, over as many days as you wish, so long as it is 10-days minimum.

The fact that you still get to keep the original 20k that was earned by breaking the rules is no small thing, either. Probably, they could say that the original 20k is void, and that you do not have to earn 20k again before next payout. Perhaps this would be the better approach.
  • #37,359
  • Jun 3, 2024 9:13pm Jun 3, 2024 9:13pm
Quoting pipmaster77
What irks me is I trade micros and if I DCA and add 9 additional micros as price goes against me, I now have 1 mini at a much better price. The guy that enetered a mini at my orignal price is in way more DD but that is OK and he/she/it/they can even add another mini to the loser and still not be in violation....who is more of a threat to the company?
-Yes. But it is a necessary compromise, I think. Having this DCA rule will be better for the firm's longevity (assuming that their claims of DCA-bot services are true). People like us are collateral damage for those that need DCA in order to remain profitable, I suppose. A small concession, considering the opportunity.
  • #37,360
  • Jun 3, 2024 9:15pm Jun 3, 2024 9:15pm
Quoting sampat
There should be cap size on size of DCA like trader can trade 10 micro how ever they want.
-Ideally, yes. But if Apex is really facing a huge problem from people using DCA-bot services, then even allowing multiple micros would allow for the abuse to continue.
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