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  • #38,401
  • Jun 28, 2024 3:49pm Jun 28, 2024 3:49pm
Quoting Novazor
Thinkmarkets opened their propfirm as takisd mentioned that they would https://www.thinkcapital.com/
Takisd, these were the shady ones ?
  • #38,402
  • Jun 28, 2024 3:58pm Jun 28, 2024 3:58pm
Quoting Novazor
Thinkmarkets opened their propfirm as takisd mentioned that they would https://www.thinkcapital.com/
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I hope that they end up with cease and desists. By far the worst broker ever to grace us in prop firms.
  • #38,403
  • Jun 28, 2024 3:59pm Jun 28, 2024 3:59pm
Quoting Capablanca
{quote} Takisd, these were the shady ones ?
These are the ones who metaquotes told them to stop props they decide to tell props to send them 500k to continue using their meta.
  • #38,404
  • Jun 28, 2024 4:28pm Jun 28, 2024 4:28pm
I reviewed their business model for the prop and fail to see how what they aren't doing isnt money laundering. IT company in dubai is sending money directly to brokerage account for withdrawals.
  • #38,405
  • Jun 28, 2024 9:23pm Jun 28, 2024 9:23pm
Quoting montygoldy
{quote} bTw are you experiencing lag in tradovate i mean price go up first but the candles delayed by 30sec or more
//----

yes quite often, but it is trouble on my end..... it's cpu load.....

if i run metatrader it puts such a cpu load, any other program will lag..... that was why i was shuffling monitors......

it's best if i run only 1 platform/ broker per computer...... with apex i'm running 2 tradovates on a single computer but with 3 monitors...... one for the paapex's and a second platform running the appex's.....

topstepx is running on it's own computer..... so is takeprofit trader..... and so is amp, mq5......

with all being separate everything is fine.....

hp envy 34 all in one is on my just gotta have list for next month..... i'm using the hp 22 all in one's now, the 34 will be much better and match the samsung external monitors.....

tax deductible......h
to trade and code, keep both simple... no call to impress....h
  • #38,406
  • Jun 28, 2024 10:37pm Jun 28, 2024 10:37pm
Quoting hayseed
{quote} //---- yes quite often, but it is trouble on my end..... it's cpu load..... if i run metatrader it puts such a cpu load, any other program will lag..... that was why i was shuffling monitors...... it's best if i run only 1 platform/ broker per computer...... with apex i'm running 2 tradovates on a single computer but with 3 monitors...... one for the paapex's and a second platform running the appex's..... topstepx is running on it's own computer..... so is takeprofit trader..... and so is amp, mq5...... with all being separate everything...
I have a Dell workstation 3640 with 16Gig Ram and a Video card that supports 4 monitors. I bought it used from ebay. Cost was $220. I run 4 meta traders, and multiple tradovates, watch youtube all at the same time. Never an issue. For trading buy a Workstation instead of a Home use PC. They have a very different build quality.
Drawdown is more important than Account Size !
  • #38,407
  • Jun 28, 2024 11:24pm Jun 28, 2024 11:24pm
Quoting procrude
{quote} I have a Dell workstation 3640 with 16Gig Ram and a Video card that supports 4 monitors. I bought it used from ebay. Cost was $220. I run 4 meta traders, and multiple tradovates, watch youtube all at the same time. Never an issue. For trading buy a Workstation instead of a Home use PC. They have a very different build quality.
//-----

that 16 gig ram helps.....

mine are 16 gig also..... the tradovates, topstepx, metatraders, youtube and such are not the problem.... it's the data mining mq5 code i'm running.....

the mq4 and mq5 ea's and indicators i run now days are unlike anything commonly seen..... they will drag down the best computers..... the math they are doing is almost intolerable on tick.....

that picture in my profile was a dell all in one on the right side of my desk...... it ran those 4 monitors with no problems and multiple mq4's.....

need the larger size all in one's and multiple monitors so at a glance can see all 4 charts on 4 time frames..... each monitor is different timeframe.....

rarely touch the mouse except to buy, sell or close...... really despise changing symbols and timeframes......h
//------
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to trade and code, keep both simple... no call to impress....h
  • #38,408
  • Jun 29, 2024 2:25am Jun 29, 2024 2:25am
Quoting Takisd
I reviewed their business model for the prop and fail to see how what they aren't doing isnt money laundering. IT company in dubai is sending money directly to brokerage account for withdrawals.
Where they have their offshore seychelles is like unregulated, but still it those places they need to comply with AML right?
  • #38,409
  • Jun 29, 2024 2:31am Jun 29, 2024 2:31am
Quoting Novazor
{quote} Where they have their offshore seychelles is like unregulated, but still it those places they need to comply with AML right?
Yes but mostly the UAE entity sending that money there and not bringing it back. Its an IT company, so are those transactions going to be invoiced for IT services? It seems very illegal to me.
  • #38,410
  • Jun 29, 2024 5:41am Jun 29, 2024 5:41am
THis looks alright to me..... my personal opinion

Max out Apex first then topstep then takeprofitrader then either buleox(only downside no tradovate)/Myfundedfutures. then AlphaFutures coz of their forex reputation
REst of them have nonsense rules n policies not worth the time...
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Extreme gut feeling trader
  • #38,411
  • Edited 8:43am Jun 29, 2024 8:30am | Edited 8:43am
Quoting Expo33
{quote} Becuase when you hit 75 you get your first allocation then the rating resets back to a lower level for the next potential allocation. When I got my first allocation my rating went from 75 to about 66. At that point the calculator showed I only need 1.94% to get back to 75 to get my second allocation. Problem is my risk is down to 0.19 so in essence I'd have to make 10% to get that 1.94%. Not easy when a 2 lot trade is only 0.38 lots. I think I'll get to see what happens after 6 month when the VaR machine gets to know the new and improved...
So this is what I see this morning after 15 day calibration ended yesterday. I assume they apply the risk factor (although we don't see it) during calibration. My MT5 only shows 2.3% gain and max DD of -0.70%.
So looks like they applied over a 2.0? Not sure if that is good or bad. Guess I find out Monday.

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The good news is, those numbers get me an allocation. I am still not clear if I would receive that on Monday or do I now need to go through 30 days of silver first?

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Found the answer, need to maintain 75 at the end of silver.....so no seed money for me on Monday.
  • #38,412
  • Jun 29, 2024 12:35pm Jun 29, 2024 12:35pm
Quoting Tobiazzek
{quote} DAMN and you've been on here since 2009? … Hope i helped.
Thanks for your comment. Yes, it’s been a long time. I know all these YouTubers but it personally doesn’t help me in any way. It‘s more confusing/distracting watching these than anything else. Information overload by people but none of them show you how to reach x goal in a systematic way risking x. Discretionary trading is not for me.

I have clear goals that i want to reach but somehow I can’t find any effective help. Only dreamers, gamblers or wannabe pros who claim everything but can’t even show you a 2 years track record how they were able to trade for a living. I start to believe trading is one of the hardest ways to make money (consistently and not based on luck). The 1% who are able to trade as their main source seems to be right.
  • #38,413
  • Jun 29, 2024 1:10pm Jun 29, 2024 1:10pm
In an ocean of bad news, this is a bright one. Josh, ex-MFF and one of the best persons that worked in prop industry, became investor in Peaks. I hope he succeeds.


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Credits: https://x.com/FundTraders/status/1807103223766946099
  • #38,414
  • Jun 29, 2024 1:12pm Jun 29, 2024 1:12pm
Quoting montygoldy
THis looks alright to me..... my personal opinion Max out Apex first then topstep then takeprofitrader then either buleox(only downside no tradovate)/Myfundedfutures. then AlphaFutures coz of their forex reputation REst of them have nonsense rules n policies not worth the time... {image}
Looks decent.... but Mattl aka Mr. "I welcome regulation" can go FUCK himself! His firms are on my permanent banned list.
  • #38,415
  • Jun 29, 2024 1:20pm Jun 29, 2024 1:20pm
Quoting Capablanca
In an ocean of bad news, this is a bright one. Josh, ex-MFF and one of the best persons that worked in prop industry, became investor in Peaks. I hope he succeeds. {image} Credits: https://x.com/FundTraders/status/1807103223766946099
I hope he makes them better than MyForexFunds ..

anyone having experience with FundedPeaks ?

I see similarities with MFF in regards to commissions and targets/drawdowns , leverage …besides Connor working there..
  • #38,416
  • Jun 29, 2024 1:33pm Jun 29, 2024 1:33pm
Quoting Stoneyrocks
{quote} I hope he makes them better than MyForexFunds .. anyone having experience with FundedPeaks ? I see similarities with MFF in regards to commissions and targets/drawdowns , leverage …besides Connor working there..
I'm still in challenge (for a long time now). Didn't get an account yet.
Spreads, commissions and execution very similar to MFF.
They had a lot of bad press for associated themselves to shady influencers, changing rules in the middle of the game, denies some payouts and introducing the 2% risk per trade rule. They are also known for terminating accounts when people win too much.
Now there are a lot of delayed payouts, that's why they wanted a new investor to clean that backlog and try to go rebuild confidence.
  • #38,417
  • Jun 29, 2024 1:42pm Jun 29, 2024 1:42pm
Quoting CableJ
{quote} Looks decent.... but Mattl aka Mr. "I welcome regulation" can go FUCK himself! His firms are on my permanent banned list.
Same. Won’t go near him
A snails pace wins the race :-)
  • #38,418
  • Jun 29, 2024 2:02pm Jun 29, 2024 2:02pm
Josh already hard at work..


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  • #38,419
  • Jun 29, 2024 2:16pm Jun 29, 2024 2:16pm
Josh,Let’s make at least double as good as MFF …


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  • #38,420
  • Jun 29, 2024 2:21pm Jun 29, 2024 2:21pm
Quoting lddd
{quote} Thanks for your comment. Yes, it’s been a long time. I know all these YouTubers but it personally doesn’t help me in any way. It‘s more confusing/distracting watching these than anything else. Information overload by people but none of them show you how to reach x goal in a systematic way risking x. Discretionary trading is not for me. I have clear goals that i want to reach but somehow I can’t find any effective help. Only dreamers, gamblers or wannabe pros who claim everything but can’t even show you a 2 years track record how they were...

There are lots of working systems. With more than years of published result. Look at "Waka Waka EA" and "boring pips"
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