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  • #38,781
  • Jul 7, 2024 8:29am Jul 7, 2024 8:29am
Quoting Stoneyrocks
"Beginning of the End": Axi Predicts Collapse of Demo Account Prop Trading Model https://www.financemagnates.com/fore...trading-model/
That article is from February and yes, they were correct.
  • #38,782
  • Jul 7, 2024 8:40am Jul 7, 2024 8:40am
Quoting Stoneyrocks
"Beginning of the End": Axi Predicts Collapse of Demo Account Prop Trading Model https://www.financemagnates.com/fore...trading-model/
an article that has about as much substance as paris hilton.
  • #38,783
  • Jul 7, 2024 9:02am Jul 7, 2024 9:02am
Dont you guys think, the article is written based with Commercial Intention ?

AXI is probably targeting FTMO.

But they can not.

FTMO are the pioneers since Inception.

AXI is pioneers in Forex trading model. For them to come up to FTMO Level, long way to go.
Intraday only.
  • #38,784
  • Jul 7, 2024 9:05am Jul 7, 2024 9:05am
Quoting navk
Dont you guys think, the article is written based with Commercial Intention ? AXI is probably targeting FTMO. But they can not. FTMO are the pioneers since Inception. AXI is pioneers in Forex trading model. For them to come up to FTMO Level, long way to go.
If Axi's broker is a b-book trash heap run by croatian mobsters, what makes their prop offering any different?
  • #38,785
  • Jul 7, 2024 9:06am Jul 7, 2024 9:06am
Quoting Takisd
{quote} If Axi's broker is a b-book trash heap run by croatian mobsters, what makes their prop offering any different?
Do you think mt4 broker concept is same as Prop model ?
Intraday only.
  • #38,786
  • Jul 7, 2024 9:07am Jul 7, 2024 9:07am
Quoting RoelsMajor
MT4 Prop Firms/Brokers, at least 75% profit split: -------------------------- GFT - 40% and 80% FXIFY - 75% FN - 80% FTMO - 80% -------------------------- OPT - 80% ICF - 75% and 80% HT - 90% AS - 90% --------------------------
One more Prop Broker MT4
Profit Split 80:20 to 95:5
Trading Cult (TC)

https://www.financemagnates.com/fore...-new-platform/
Attached Image (click to enlarge)
Click to Enlarge Name: 20240707_220244.jpg Size: 59 KB
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,787
  • Jul 7, 2024 9:09am Jul 7, 2024 9:09am
You and me are here to stay whatever model is offered.

That article was written in Feb 2024.

We shall watch the future how it goes.

We know how even mt4 brokers collapsed.
Intraday only.
  • #38,788
  • Jul 7, 2024 10:22am Jul 7, 2024 10:22am
Quoting navk
{quote} Do you think mt4 broker concept is same as Prop model ?
there are many types of brokers most aren't just b-book anymore but some are like sway markets. Axi have a dealing desk but its not very sophisticated. The performance metrics are the same, money in vs money out.
  • #38,789
  • Jul 7, 2024 10:39am Jul 7, 2024 10:39am
Quoting Takisd
{quote} there are many types of brokers most aren't just b-book anymore but some are like sway markets. Axi have a dealing desk but its not very sophisticated. The performance metrics are the same, money in vs money out.
Q1 ) AXI may not be B Book broker and that is good for normal mt4/mt5 traders. But i do not understand in what way it makes them better and feel they are better than Demo type Prop firm models

Q2 ) Some prop firms allow martingale type trading. Meaning adding trades on one side but with increased lot size.

2x..3x...4x ... like that.

Some prop firms do not allow martingale.

Saying that the risk of blowing account is bigger in martingale strategy.

I fail to understand, why some firms do not allow martingale. If the firms feel martingale eventually will blow the account, it is good for them ?

So, martingale is in general good strategy if 5 %daily dd or 10 % account dd risk is managed ?
Intraday only.
  • #38,790
  • Jul 7, 2024 10:46am Jul 7, 2024 10:46am
Quoting navk
{quote} Q1 ) AXI may not be B Book broker and that is good for normal mt4/mt5 traders. But i do not understand in what way it makes them better and feel they are better than Demo type Prop firm models Q2 ) Some prop firms allow martingale type trading. Meaning adding trades on one side but with increased lot size. 2x..3x...4x ... like that. Some prop firms do not allow martingale. Saying that the risk of blowing account is bigger in martingale strategy. I fail to understand, why some firms do not allow martingale. If the firms feel martingale eventually...
If anything, the brokers are probably no different other than older people with more business management. If brokers were the ones to start props the bannings would have happened way earlier and way more aggressive.
  • #38,791
  • Jul 7, 2024 11:06am Jul 7, 2024 11:06am
Quoting RoelsMajor
{quote} One more Prop Broker MT4 Profit Split 80:20 to 95:5 Trading Cult (TC) https://www.financemagnates.com/fore...-new-platform/ {image}
Bad martingale rule:

Martingale involves opening multiple positions on a particular instrument in the same direction when the initial position opened on that instrument is experiencing a drawdown. This technique is considered Martingale if any of the following conditions are met:
Any subsequent positions are opened at a multiplier greater than 1x.
The subsequent positions are opened with varying volumes but at similar prices and times. Consequently, the combined volume of these positions exceeds 1x of the original position.
  • #38,792
  • Jul 7, 2024 11:27am Jul 7, 2024 11:27am
navk asks:
So, martingale is in general good strategy if 5 %daily dd or 10 % account dd risk is managed ?

I say yes. I think it's important to be willing to take a loss on it once you hit, say, 2%. That also means starting out with small size, and accepting low, but steady, profits.
  • #38,793
  • Edited 11:49am Jul 7, 2024 11:28am | Edited 11:49am
Quoting TraderTero
{quote} Bad martingale rule: Martingale involves opening multiple positions on a particular instrument in the same direction when the initial position opened on that instrument is experiencing a drawdown. This technique is considered Martingale if any of the following conditions are met: Any subsequent positions are opened at a multiplier greater than 1x. The subsequent positions are opened with varying volumes but at similar prices and times. Consequently, the combined volume of these positions exceeds 1x of the original position.
If
Subsequent position multiplier greater than 1x? No.
Subsequent positions are opened with varying volumes but at similar prices and times? No.
The combined volume of these positions exceeds 1x of the original position? Yes

Modus Ponens
If P, then Q.
P.
Therefore, Q.

Not Valid.

Modus Tollens
If P, then Q.
Not Q.
Therefore, not P.

A valid one. A good Martingale.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,794
  • Jul 7, 2024 11:34am Jul 7, 2024 11:34am
Averaging "rules" transformed into Martingale in your nearest premium bucketshop to make sure that you cannot make use of their fake buying power and only use the DD limits.
  • #38,795
  • Jul 7, 2024 11:42am Jul 7, 2024 11:42am
Martingale is different from Dollar cost averaging.

Martingale is : 0.1, 0.2, 0.3..... in same side.

Dollar cost averaging :

  1. Dollar-cost averaging is the practice of systematically investing equal amounts of money at regular intervals, regardless of the price of a security.


I do not know if Dollar cost averaging is considered as HFT. ( Some prop firms )

Intraday only.
  • #38,796
  • Jul 7, 2024 12:21pm Jul 7, 2024 12:21pm
Quoting Takisd
{quote} there are many types of brokers most aren't just b-book anymore but some are like sway markets. Axi have a dealing desk but its not very sophisticated. The performance metrics are the same, money in vs money out.
sway markets ?
  • #38,797
  • Jul 7, 2024 12:49pm Jul 7, 2024 12:49pm
Quoting Stoneyrocks
{quote} sway markets ?
a company that gives introducing broker link to introducers and a b-book split whilst giving them fake profiable statements to lure unsuspecting victims. People involved you can see writing "they not like us" all over social media any time someone calls them out.
  • #38,798
  • Jul 7, 2024 1:24pm Jul 7, 2024 1:24pm
Quoting montygoldy
Alright Birthday month....... 1. Apex June payout hit the bank... 2. July first cycle Payout approved as well...... 3. So went forward and cancelled the 10x50k (for me time is money so not gonna invest a single second in them coz 280$ worth of drawdown there) 4. July second cycle only 2750$ available for withdraw and will try to get the other PA to payout by then as well. 5. Prepping for 150kx20 it'll lovely if i pass them this month... (So i am going to be copying same A+ PA setup on evals so its going to be a bit slow grind) {image}
SWEET !!!!!!!!!

How much was your payout?
Drawdown is more important than Account Size !
  • #38,799
  • Jul 7, 2024 5:51pm Jul 7, 2024 5:51pm
Quoting procrude
{quote} SWEET !!!!!!!!! How much was your payout?
20k hit the bank and 18k approved….
Extreme gut feeling trader
  • #38,800
  • Jul 7, 2024 9:30pm Jul 7, 2024 9:30pm
Quoting navk
{quote} Q1 ) AXI may not be B Book broker and that is good for normal mt4/mt5 traders. But i do not understand in what way it makes them better and feel they are better than Demo type Prop firm models Q2 ) Some prop firms allow martingale type trading. Meaning adding trades on one side but with increased lot size. 2x..3x...4x ... like that. Some prop firms do not allow martingale. Saying that the risk of blowing account is bigger in martingale strategy. I fail to understand, why some firms do not allow martingale. If the firms feel martingale eventually...
averaging down ist all kind of bring average buying price lower then you bought with your old orders for buy orders (or higher for sell orders), so even many grid systems and of course martingale systems (simple averaging down with special factor)..... are averaging down systems.

all of this averaging down is of course big beginner level and no money win machine until you dont find stupid investors who are not educated about this small chance to win longterm by same time high risk only on their side. only because some traders (in this case pure gamblers) dont know where to place orders correct or dont have knowledge to trade or analyze, its used so often by beginners and of course most use case is for scammers and fraud. in this strategies you have advantage of higher chance to survive tomorrow with disadvantage of when you lose, you lose near all or very high depot values (when you dont lose all then you lose more often high amounts).

the ideal idea of such strategies is find an idiot (investor, copy follow traders, prop...... anyone who pay you performance fee) and then hope you survive until performance fee is calculated and payed out. because you have extrem high risk to lose all when you lose (but no high risk that this happens each day, so shortterm) so high risk of some wins until lose, you dont change anything in the edge of the strategy to the positiv, you reduce even the overall win extrem. but for investor money for scammers and cheaters its perfect, because you cheat the investor extrem by this. no prop company with brain would allow this investor cheater style trading types. plan is to win performance fee fast and then dont get influenced with the consequences of this idiot strategy, because you dont invest big yourself in this. the chance the investor lose all longterm is very high, for many in some months -2 years already.

if someone would invest deposits (like b-book broker), the broker would love you do this bullshit trading.... super easy wins for the broker long term and they can really win big when they would have only this kind of clients.
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