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  • #39,261
  • Jul 15, 2024 8:57am Jul 15, 2024 8:57am
A message in twitter from the guy of Engineer
https://x.com/tradertristian/status/1812842199153041430
  • #39,262
  • Jul 15, 2024 9:02am Jul 15, 2024 9:02am
Quoting Capablanca
A message in twitter from the guy of Engineer https://x.com/tradertristian/status/1812842199153041430
Others firms will follow too soon(coz good ones cant survive there is no way bad will).... as money is drying up in forex prop firms ..... coz of so any insolvencies all the forex prop firm HYPE is gone......
Extreme gut feeling trader
  • #39,263
  • Jul 15, 2024 9:07am Jul 15, 2024 9:07am
Quoting montygoldy
{quote} Others firms will follow too soon(coz good ones cant survive there is no way bad will).... as money is drying up in forex prop firms ..... coz of so any insolvencies all the forex prop firm HYPE is gone......
I believe Flash and Smart Prop Trader can be the next ones being flushed
  • #39,264
  • Jul 15, 2024 9:24am Jul 15, 2024 9:24am
Quoting Capablanca
{quote} I believe Flash and Smart Prop Trader can be the next ones being flushed
FXIFY is the only one out there which may live a bit longer than rest (for US Traders).
Drawdown is more important than Account Size !
  • #39,265
  • Jul 15, 2024 9:43am Jul 15, 2024 9:43am
Quoting montygoldy
{quote} Others firms will follow too soon(coz good ones cant survive there is no way bad will).... as money is drying up in forex prop firms ..... coz of so any insolvencies all the forex prop firm HYPE is gone......
The5ers, FTMO doesn't seem to be planning to close down any time soon, nor do regulators seem to have a problem here. It's actually quite good if the majority of the prop trading companies that only started out for quick money close down and only the most reputable ones remain.

MyForexFunds has probably shot itself in the foot.
  • #39,266
  • Jul 15, 2024 9:59am Jul 15, 2024 9:59am
Quoting procrude
{quote} FXIFY is the only one out there which may live a bit longer than rest (for US Traders).
Also believe that, though last week I saw a lot of people saying the same that was already said here by Vitore and Takisd. They seem to:
1. Prevent profitable people from buying more accts
2. Allow them to buy but then deny the account and refund, with the argument of too risk.

I can't confirm this. FXIFY has been very profitable for me. I did 3 challenges and was unusually lucky to get 2 funded, both of them very old now, one even scaled. So I can't really know if they really block profitable people from purchasing more accounts. I'm assuming that when I blow these accounts I'll be forced to leave them.
  • #39,267
  • Jul 15, 2024 10:00am Jul 15, 2024 10:00am
Quoting lddd
{quote} The5ers, FTMO doesn't seem to be planning to close down any time soon, nor do regulators seem to have a problem here. It's actually quite good if the majority of the prop trading companies that only started out for quick money close down and only the most reputable ones remain. MyForexFunds has probably shot itself in the foot.
The grandmaster firms will survive but they already making it hard for Big winner traders....... SO in short all the HYPE is going away.
Extreme gut feeling trader
  • #39,268
  • Jul 15, 2024 10:02am Jul 15, 2024 10:02am
I just checked i had enough prop firm match points to redeem a free 50k account.....

SO i went forward redeemed it for a alpha account..

And passed phase 1 in 2 hours.....
Attached Image(s) (click to enlarge)
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Extreme gut feeling trader
  • #39,269
  • Jul 15, 2024 10:21am Jul 15, 2024 10:21am
Quoting montygoldy
I just checked i had enough prop firm match points to redeem a free 50k account..... SO i went forward redeemed it for a alpha account.. And passed phase 1 in 2 hours..... {image} {image}
Savage !

But someone had to replace yolo king Expo33, now that he disgraced his life into that degrading thing of Darwin, worried with risk ratios, sharpes, sortinos and some other infamous things.
  • #39,270
  • Jul 15, 2024 10:32am Jul 15, 2024 10:32am
Quoting Capablanca
{quote} I believe Flash and Smart Prop Trader can be the next ones being flushed
lots of buzz around aqua but why doesnt ol bainty boy just prop it up with bg?
  • #39,271
  • Jul 15, 2024 10:53am Jul 15, 2024 10:53am
Quoting Takisd
{quote} lots of buzz around aqua but why doesnt ol bainty boy just prop it up with bg?
The same question valid for flash. I think he is connected with both Acqua and Flash. I hope that Blue at least stands. Has been a good ride.
  • #39,272
  • Jul 15, 2024 11:41am Jul 15, 2024 11:41am
Quoting Capablanca
{quote} Also believe that, though last week I saw a lot of people saying the same that was already said here by Vitore and Takisd. They seem to: 1. Prevent profitable people from buying more accts 2. Allow them to buy but then deny the account and refund, with the argument of too risk. I can't confirm this. FXIFY has been very profitable for me. I did 3 challenges and was unusually lucky to get 2 funded, both of them very old now, one even scaled. So I can't really know if they really block profitable people from purchasing more accounts. I'm assuming...
How many times have you been funded with FXIFY? I am planning on getting a $400K Challenge with them soon
Drawdown is more important than Account Size !
  • #39,273
  • Jul 15, 2024 12:04pm Jul 15, 2024 12:04pm
Quoting procrude
Something definitely going on with tradovate / Apex. My 5 accounts closed by them self and lost almost $600 each. Going to send send an email to there support.
//----

apex tradovate still down, 12 hours..... takeprofit trader tradovate has been working entire time.....

few weeks go something similar happened..... sent in a ticket, with dozens of screenshots of rejected orders and inability to close orders for verification..... lost a couple pa accounts.....

nothing was ever done, at least with my accounts.... after maybe 2 weeks i manually closed the ticket.....

few days later apex sent a 'how'd we do email'......h
to trade and code, keep both simple... no call to impress....h
  • #39,274
  • Jul 15, 2024 12:07pm Jul 15, 2024 12:07pm
Quoting procrude
{quote} How many times have you been funded with FXIFY? I am planning on getting a $400K Challenge with them soon
I have 2 funded accounts (both in DD now). Not sure if they will let me buy another one if I blow one of them.
  • #39,275
  • Jul 15, 2024 12:11pm Jul 15, 2024 12:11pm
Quoting hayseed
{quote} //---- apex tradovate still down, 12 hours..... takeprofit trader tradovate has been working entire time..... few weeks go something similar happened..... sent in a ticket, with dozens of screenshots of rejected orders and inability to close orders for verification..... lost a couple pa accounts..... nothing was ever done, at least with my accounts.... after maybe 2 weeks i manually closed the ticket..... few days later apex sent a 'how'd we do email'......h
Tradovate issues today is widespread across all firms, Topstep, MFFU, etc. Tradovate support confirmed long before the open today.
Trade with confidence, trade without fear.
  • #39,276
  • Jul 15, 2024 12:22pm Jul 15, 2024 12:22pm
Quoting Cryptosurf
{quote} Tradovate issues today is happen across all firms, Topstep, MFFU, etc. Tradovate support confirmed long before the open today.
//----

takeprofit trader might be the exception then...... i have been trading using tradovate on it since yesterdays opening with no issues.....

and i was wrong about the date last post, it was around 6/13/24..... back when all those youtube and discord guys were throwing a fit......

sent a polite request to tradovate then also..... never heard a word.....

no big deal to me at all..... for sure not upset...... kinda funny actually......h
to trade and code, keep both simple... no call to impress....h
  • #39,277
  • Jul 15, 2024 12:31pm Jul 15, 2024 12:31pm
Quoting hayseed
{quote} //---- takeprofit trader might be the exception then...... i have been trading using tradovate on it since yesterdays opening with no issues..... and i was wrong about the date last post, it was around 6/13/24..... back when all those youtube and discord guys were throwing a fit...... sent a polite request to tradovate then also..... never heard a word..... no big deal to me at all..... for sure not upset...... kinda funny actually......h
How you like takeprofit? They always seemed like a one man operation.
Trade with confidence, trade without fear.
  • #39,278
  • Jul 15, 2024 12:55pm Jul 15, 2024 12:55pm
In my previous post, I told I had an equity stoploss and quitted trading with FTMO. Is is currently in the beginning balance, it I asked them to freeze challenge. They agreed. May be I can come acros a system I will find attractive for FTMO. I advise who quit trading for bad results to freeze accound instead of closing or abrubtly quitting.
  • #39,279
  • Jul 15, 2024 1:35pm Jul 15, 2024 1:35pm
Quoting Cryptosurf
{quote} Tradovate issues today is widespread across all firms, Topstep, MFFU, etc..

Just untrue. Working perfectly all day on Topstep, Tradeday, everywhere but Apex. I hope Darrell pays you well for all the crap you post whenever anyone criticises Apex - must be becoming a major expense for him, though.
  • #39,280
  • Jul 15, 2024 1:39pm Jul 15, 2024 1:39pm
Quoting Cryptosurf
{quote} How you like takeprofit? They always seemed like a one man operation.
//-----

you know i never thought about it but your right, it does feel like a one man operation.....

only signed up because pipmaster mentioned they might be a good third possibility......

have not passed yet but that's cause my contract size is small...... takes me a month to do what many do in a week.....

have not had any problems...... their rules are industry typical..... each rule is well laid out in a single sentence immediately under each account on the control center page ......

trailing drawdown is end of day, 2000 for a 50k account.....

their web site is well laid out..... the control center page contains almost everything needed......

there currently is a nofee40 code, the no fee refers to the activation charge..... seems like the 50k might have cost me 100$..... of course that appears more expensive than apex.....

the no activation charge ever might bring it more in line....h
//-----
Attached Image (click to enlarge)
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to trade and code, keep both simple... no call to impress....h
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