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  • #39,481
  • Jul 17, 2024 7:14pm Jul 17, 2024 7:14pm
Quoting lddd
{quote} Yes. The risk engine controls the max. drawdown at around 6.5% per month. But how can you estimate what performance the Darwin will have at the end of a month since a certain minimum performance is expected in order to grow the account. The calculator on their website only shows which rating is necessary in order to receive certain capital increases, but how do I know, for example, how much profit my Darwin must achieve under which Drawdown to secure X rating? The minimum rating seems to depend on the performance of the Darwin and not on...
As per darwinex Risk is based on leverage and volatility of the instrument. If you trade 1 lot EUR/USD and make 200$ for a day is valued more than if you trade 1 lot of NQ and make 200$. Similarly if you trade 0.1 lot of EUR/USD and make 200$ it is even better and valued more.
They have their own D-Leverage concept where they compare 1 lot of units traded with existing volatility of the instrument with EUR/USD.
1% risk is practically no value because market can gap down 100 points without hitting your stop loss. Only thing they care about is leverage and floating drawdown they dont even have access to your stop losses.
  • #39,482
  • Jul 17, 2024 7:42pm Jul 17, 2024 7:42pm
Quoting pipmaster77
{quote} 50K is the only one that makes sense. From a DD to target ratio, especially with trailing DD, it blows the other accounts away. What is the 150K, twice the DD of the 50K and 5 times the target? Never understood why anyone would do anything but the 50K. The ability to only withdrawal slightly more the first 3 months does not justify the added difficulty of passing the eval.
for me half price activation fees thats why…..coz i always purchase 5-10-15 accounts so need cheaper activation fees..
150k is easier to pass with end of the day drawdown i have passed numerous topstep and mfffutures 150k accounts… its just trailing stings me ……..
Extreme gut feeling trader
  • #39,483
  • Edited 9:21pm Jul 17, 2024 7:43pm | Edited 9:21pm
Quoting pipmaster77
{quote} Lots of differences.... Real capital vs. fake Regulated vs. not No conflict vs. conflict of interest Trade as you wish vs. Rules designed to make you fail MT4/5 vs. shitty platform or trying to sneakily use MT4 and getting caught and pulled with zero notice Get paid vs. maybe get paid Etc Etc Etc It's not for everyone, but I am 100% confident I will be in a better spot with them in 18-24 months than any of the firms mentioned here. After passing/building and scaling with 5 firms for the past 4+ years, 4 out of 5 no longer exist, all of that...
FTMO and FXIFY are there to survive.

FTMO for sure.

Take 30 leverage with FTMO and make 300 $ every day.

in 2 months, one can pass.

Then 75 % profit share
Intraday only.
  • #39,484
  • Edited Jul 18, 2024 12:11am Jul 17, 2024 10:56pm | Edited Jul 18, 2024 12:11am
Just saying...

I find it hard to trust all the payment proofs that a trader can achieve sustainable profit or something simply get paid from prop firm or broker. The only reliable evidence is official records from the bank, account statements showing proof of funds being transferred to the account, just like when we buy a challenge or pay for a subscription. The same applies in the world of stocks or crypto. Certificates from influencers or similar payment proofs produced by firms or brokers are unhelpful and very difficult to verify.

Note:
- Fundednext Bank Account based on Limassol
- Darwinex Bank Account based on London

Trust, but Verify. Simply as it is.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #39,485
  • Jul 18, 2024 12:24am Jul 18, 2024 12:24am
Quoting pipmaster77
{quote} So I trade futures with them, they provide 1,000,000 demo for that, micros not available, only minis. I aim for 2k per day. On forex, I know they give 100K. I would simply aim for $200 per day. It is 0.2% times 20 trading days is 4%. If you keep DD under control, which should be fairly easy only shooting for $200, your risk engine should get you 6-7%. Just my experience, I grab 0.2% per day and they credit me 0.36%. Hit the 75 score within 2 weeks, now just aiming for higher allocation.
Not sure if I'm understanding correctly but not having micros can be very bad if the allocation is 30K. Normal eminis are too big contracts for a 30K account.
  • #39,486
  • Jul 18, 2024 12:26am Jul 18, 2024 12:26am
Quoting Expo33
{quote} The risk engine doesn't change your SL/TP it just reduces your position size. Example: You trade the pound for 1 lot with 20 pip SL and a 30 pip TP. Risk $200 to win $300 and that's your general tendency over a week or two. Now, you lose 4 or 5 trades in a row and you decide to revenge trade and trade 5-10 lots with same SL/TP. The risk engine will step in and reduce your position size to keep your VaR in line with their parameters. In this way you are competing on the same playing field against other Darwinians AND more importantly it protects...
Interesting. Does the risk engine steps in before you open the revenge trade or how does it work ? Does it close the position ?
  • #39,487
  • Edited 12:59am Jul 18, 2024 12:48am | Edited 12:59am
Quoting Capablanca
{quote} Interesting. Does the risk engine steps in before you open the revenge trade or how does it work ? Does it close the position ?
It's hard to say exactly when the risk engine reduces your trade size because you don't see the reduced size on the platform. You still see the trade size that you opened no matter what the engine does. I would guess that the engine reduces the trade size fairly quickly (but thats just a guess).

Also, it definitely doesn't close the trade. The engine's only objective is to get your overall position back into the acceptable VaR range. Of course revenge trading huge lots is an obvious time when the engine reduces your lot size but the overall engine scheme is based on other factors as well.

As an example I was trading 2 lots UJ all week. Never more and never less. Always only one 2 lot position opened at once. My risk factor stayed at 0.8 all week so anytime I opened a 2 lot UJ trade it was equivalent to a 1.6 lot trade. Perfect, no problem.

Then, I decided to hold a 2 lot trade over the weekend (something I rarely do) and when the market reopened on Sunday my risk factor went down to 0.78. Why?

From their website:
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Overall I don't think the engine is as conplicated or mysterious as I originally thought. For the forex account of 100K, for the most part, if you stay between 1-3 lots the engine shouldn't change your risk factor that much if at all.

Just trading 2 lots max at once is more than enough to make 3-5% a month if you have a system with an edge and solid risk managment. Trading only 2 lots for the Pound/Euro and harvesting 50 pips a week nets $1000 a week or 1% so 4% a month.
Pride always comes before destruction.... -Proverbs 16:18
  • #39,488
  • Jul 18, 2024 2:13am Jul 18, 2024 2:13am
Quoting genuine007
{quote} FINALLY PASSED first it went under -7% drawdown then I try to recover it and got successful in bringing this account to breakeven and 70 $ to 100 $ above then again it went into drawdown - 6% drawdown then again I try to recover and got successful in bringing this account to breakeven and now I have made 8% profit target as well ie. 400 $ profit in my 5k 5%ers 2 Phase Challenge 1st trade on 30th May, 2024 Winning trade on 16th July, 2024 Just in a matter of 1 month & 15 days You can image the real % of profit I had to make in order to pass...
Here the drawdown comes again in fresh 5k 5%ers Phase 2
Its like become a norm with me
Account has to directly go into drawdown
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  • #39,489
  • Jul 18, 2024 4:19am Jul 18, 2024 4:19am
i entered some conversations today about prop firms and regulations, lets just say that its a bloody mess and on one knows what to do about them. before my thought and most indicators were that something would move soon but it now seems highly unlikely due to the inability for people to agree
  • #39,490
  • Jul 18, 2024 4:39am Jul 18, 2024 4:39am
Quoting Capablanca
{quote} Interesting. Does the risk engine steps in before you open the revenge trade or how does it work ? Does it close the position ?
Lets say your risk factor is 1 and you are trading like 1 lot position regularly and suddenly during revenge mood you open 10 lots. Risk engine will open 10 lots but once your account goes into drawdown lets say 1% it will close down your partial positions on only darwinex index. Your original signal account remains untouched.
It is even detrimental as you will see your signal account goes to profit from draw down but darwinex index is not recovered as its position already trimmed.
  • #39,491
  • Jul 18, 2024 6:13am Jul 18, 2024 6:13am
Quoting Takisd
i entered some conversations today about prop firms and regulations, lets just say that its a bloody mess and on one knows what to do about them. before my thought and most indicators were that something would move soon but it now seems highly unlikely due to the inability for people to agree
You're refering to any specific region ? US, EU, etc. ?
  • #39,492
  • Edited 6:42am Jul 18, 2024 6:23am | Edited 6:42am
Quoting montygoldy
Another horrible day for Evals.... 1. 600$ away for reachong threshhold on second PA... try to do it tomorrow so that i'll apply for payout this cycle.... Cancelled all 150k evals. no more resetting. Only evals i'll be buying is 50k from now on {image}
There is a reason Apex is heavily promoting the >150K accounts now. They know the numbers. Even if yolo traders are correct with direction, If it's not a clean direct move the intraday trailing can still easily take you.

Any eval that is not <1.5 Target/DD = hard pass.
  • #39,493
  • Jul 18, 2024 6:33am Jul 18, 2024 6:33am
Quoting Capablanca
{quote} Not sure if I'm understanding correctly but not having micros can be very bad if the allocation is 30K. Normal eminis are too big contracts for a 30K account.
You always trade a 1,000,000 account. The profits generated will be applied to the allocation(s).
  • #39,494
  • Jul 18, 2024 6:41am Jul 18, 2024 6:41am
Quoting Takisd
i entered some conversations today about prop firms and regulations, lets just say that its a bloody mess and on one knows what to do about them. before my thought and most indicators were that something would move soon but it now seems highly unlikely due to the inability for people to agree
It would probably have to be the EU to get something done. The CFTC may lose the MFF case due to incompetence and faces a very likely wipeout of leadership in a few months.
  • #39,495
  • Jul 18, 2024 6:57am Jul 18, 2024 6:57am
Quoting Capablanca
{quote} You're refering to any specific region ? US, EU, etc. ?
eu
  • #39,496
  • Jul 18, 2024 7:08am Jul 18, 2024 7:08am
Quoting CableJ
{quote} It would probably have to be the EU to get something done. The CFTC may lose the MFF case due to incompetence and faces a very likely wipeout of leadership in a few months.
EU is like an elephant. Takes time to start moving and when moves smash everything where it passes. I hope it will still take some time because the final result we can expect to be the worse.
These are the same guys that are protecting me, preventing me from buying SPY or TLT ETFs, we should not forget that.
  • #39,497
  • Jul 18, 2024 7:17am Jul 18, 2024 7:17am
Quoting Capablanca
{quote} EU is like an elephant. Takes time to start moving and when moves smash everything where it passes. I hope it will still take some time because the final result we can expect to be the worse. These are the same guys that are protecting me, preventing me from buying SPY or TLT ETFs, we should not forget that.
there is a confusion because many think that it can be covered with brokerage license and others think it needs new framework. new framework is year+ brokerage license exists now. round and round and round
  • #39,498
  • Jul 18, 2024 7:24am Jul 18, 2024 7:24am
Quoting Takisd
{quote} there is a confusion because many think that it can be covered with brokerage license and others think it needs new framework. new framework is year+ brokerage license exists now. round and round and round
Good, I love that the several soviets are not agreeing. This may delay things in EU because there's not a Brezhnev to make a decision threating to execute them.
  • #39,499
  • Jul 18, 2024 7:25am Jul 18, 2024 7:25am
Quoting Capablanca
{quote} EU is like an elephant. Takes time to start moving and when moves smash everything where it passes. I hope it will still take some time because the final result we can expect to be the worse. These are the same guys that are protecting me, preventing me from buying SPY or TLT ETFs, we should not forget that.
IUSE best spy ETF
  • #39,500
  • Jul 18, 2024 7:27am Jul 18, 2024 7:27am
In the meantime another payout from Blue. This time a bit longer than the last two but still OK.
13 hours since request until money got in Rise.
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