Prop Firm Hub | Page 1977 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #39,521
  • Jul 18, 2024 12:49pm Jul 18, 2024 12:49pm
Quoting lddd
{quote} So the rating/calculator is based on the trader’s account and not of the final outcome to the Darwin index?
NO, everything is based on the Darwinex Index. Rating, profit, etc.

We trade creating a signal account and Darwinex filters that through their risk engine which creates the Index.

If I need to make 2% percent to get an allocation and open a 2 lot GBP/USD trade and win 100 pips for 2K (2%) but my risk adjustment is at 0.5 then the Index will only increase by 1K or 1%

Keep in mind once the calibration phase is over you can see in real time exactly what your risk factor is at so you always now exactly what's needed to get to a certain profit %.
Pride always comes before destruction.... -Proverbs 16:18
  • #39,522
  • Jul 18, 2024 1:04pm Jul 18, 2024 1:04pm
Quoting lddd
{quote} So the rating/calculator is based on the trader’s account and not of the final outcome to the Darwin index?
Here's a live shot of what's happening on one of my
accounts. The one I'll end up cancelling. So my risk adjustment factor started the day at 0.73. So I decided I'd rip 20 lots long on SP500 to see what happened.

So it should give me 14.6 lots right? (20 x 0.73 = 14.6). NO, the risk engine steps in as 20 lots is well outside the acceptable VAR range and reduces my exposure down to a bit over 5 lots. And I can see that on the website. Keep in mind the current drawdown of the trade also plays a roll as Sampat stated.

And because of my crazy 20 lot trade I can guarantee that by tomorrow the risk adjust will be lower than 0.73

Attached Image (click to enlarge)
Click to Enlarge Name: IMG_2728.jpeg Size: 67 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #39,523
  • Jul 18, 2024 1:04pm Jul 18, 2024 1:04pm
Quoting Evasparkling
{quote} Risk setting not set as well.
//-----

just noticed you are using the desktop platform..... usually i use the web based platform......

just tried the desktop platform..... chart placed orders and targets went in...... the dom placed orders and targets went in..... dom has it's own atm setting which must be set.....

so not sure why yours are not working.....h
to trade and code, keep both simple... no call to impress....h
  • #39,524
  • Jul 18, 2024 2:07pm Jul 18, 2024 2:07pm
Quoting navk
{quote} Avearge and consistency has different meanings. To tell you... Darwinex is unlike any prop firm in my mind. FTMO or FXIFY are fair how they calculate the risk and it is open to public ( by 5 % and 10 % rule.) In Darwinex, it is the risk engine based on some alogrithms trying to calculate risk which is not open to public. The only difference... Darwinex pays 15 %, FTMO or FXIFY may pay, 75 % share
FTMO has changed a little bit now. They nearly deny my last pay out because I made lost amount to 2.5% on two occasions and I recovered. I have to signed/agreed to new terms that say make maximum floating negative positions must not be more than 1% at any given time. It is becoming really difficult to make decent profit from FX prop firms now.
  • #39,525
  • Jul 18, 2024 2:28pm Jul 18, 2024 2:28pm
Quoting Expo33
{quote} NO, everything is based on the Darwinex Index. Rating, profit, etc. We trade creating a signal account and Darwinex filters that through their risk engine which creates the Index. If I need to make 2% percent to get an allocation and open a 2 lot GBP/USD trade and win 100 pips for 2K (2%) but my risk adjustment is at 0.5 then the Index will only increase by 1K or 1% Keep in mind once the calibration phase is over you can see in real time exactly what your risk factor is at so you always now exactly what's needed to get to a certain profit...
Yes, so you cannot clearly estimate what rating you will achieve at the beginning of a trading month or even during it. The calculator on the website only helps you if you know the Darwin Index values, which you only get at the end of the month.

That’s why I asked if the risk engine adjustments are so variable/dynamic that you can't predict the rating even if you trade a constant position size and know your own maximum drawdown and potential profit in your account.

So even if I can say in August my max drawdown will be -5%, my profit will be +10% and the same applies to the last 5 months, I still can't know what rating I will get for it.
  • #39,526
  • Edited 2:57pm Jul 18, 2024 2:28pm | Edited 2:57pm
Ending day with stacking losses on one PA...
Positive thing is second PA crossed threshold... will be requesting max payout tomorrow... so for this payout cycle - 2750$x2
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-07-18 at 3.57.08 PM.png Size: 18 KB
Extreme gut feeling trader
  • #39,527
  • Jul 18, 2024 2:40pm Jul 18, 2024 2:40pm
Quoting stirmatt
{quote} FTMO has changed a little bit now. They nearly deny my last pay out because I made lost amount to 2.5% on two occasions and I recovered. I have to signed/agreed to new terms that say make maximum floating negative positions must not be more than 1% at any given time. It is becoming really difficult to make decent profit from FX prop firms now.
Wtf. Why should you sign/agree to new individual terms? If the rules are that you can risk -5% a day and you haven’t violated them, the rules are the rules!

So what if you don’t agree, you get kicked? Are you sure you didn’t violate any rule or they officially changed their rules for everybody?
  • #39,528
  • Jul 18, 2024 3:20pm Jul 18, 2024 3:20pm
Quoting lddd
{quote} Wtf. Why should you sign/agree to new individual terms? If the rules are that you can risk -5% a day and you haven’t violated them, the rules are the rules! So what if you don’t agree, you get kicked? Are you sure you didn’t violate any rule or they officially changed their rules for everybody?
I mean is there any other option either their way or move out.....We as individual prop traders have no rights...
Extreme gut feeling trader
  • #39,529
  • Jul 18, 2024 3:24pm Jul 18, 2024 3:24pm
Quoting lddd
{quote} Wtf. Why should you sign/agree to new individual terms? If the rules are that you can risk -5% a day and you haven’t violated them, the rules are the rules! So what if you don’t agree, you get kicked? Are you sure you didn’t violate any rule or they officially changed their rules for everybody?
They have changed their rules which I was not aware until I requested for pay out. I have risk 4% on a single trade in the past but it is longer allow now. If I did not agree then that will be the end of our agreement together. Below is part of their mail to me

"For further information, please refer to our article describing dubious practices and ensure that your trading will not resemble any of those described in the article: https://ftmo.com/en/gambling-is-not-...-to-make-money
You can also refer to the Terms & Conditions and familiarize yourself with the Forbidden Trading Practices, especially clause 5.4.

Based on experience, risking between 0,5% and 1% per any trade idea is perceived as safe risk management and we recommend that you adopt this notion to your trading on all your accounts, regardless of the stage.

The risk of every trade idea is calculated based on the stop loss set or the maximum drawdown of the position(s). Please note that a trade idea is defined as the cumulative exposure of a specific symbol (or correlated symbol) on your account at a given moment or a specific timespan. Needless to say, splitting a bigger position into smaller positions or into sequential trades that, combined, can be considered as a continuation of the same trade is still considered the same trade idea."

You either agree with them or move somewhere else
  • #39,530
  • Jul 18, 2024 3:27pm Jul 18, 2024 3:27pm
Quoting stirmatt
{quote} They have changed their rules which I was not aware until I requested for pay out. I have risk 4% on a single trade in the past but it is longer allow now. If I did not agree then that will be the end of our agreement together. Below is part of their mail to me "For further information, please refer to our article describing dubious practices and ensure that your trading will not resemble any of those described in the article: https://ftmo.com/en/gambling-is-not-...-to-make-money You can also refer to the Terms & Conditions...
One can break down lots into small size so that no position will be in DD 0.5 to 1 %
If a trader wishes to trade 4 lots, he can break the positions into 0.5 , 0.25 like that
Intraday only.
  • #39,531
  • Jul 18, 2024 3:46pm Jul 18, 2024 3:46pm
The rating in DarwinIA resets every 1st of the month, but if you receive capital allocation, that allocation will be allocated for 3 months, here you have detailed information for you to Understand Zero capital allocations and also the Performance fees.
Intraday only.
  • #39,532
  • Jul 18, 2024 4:06pm Jul 18, 2024 4:06pm
Quoting stirmatt
{quote} They have changed their rules which I was not aware until I requested for pay out. I have risk 4% on a single trade in the past but it is longer allow now. You either agree with them or move somewhere else
I didn’t see FTMO changed the rules. I‘m no lawyer but it you signed a legal binding contract saying x rules and you haven’t violated these rules i don’t see the problem.

If you clearly violated a rule that you agreed to that’s another thing and you can be happy they didn’t terminate your funded account.

However, if you intentionally risk 4% per trade, you should think about whether trading is right for you, especially for a prop company.
  • #39,533
  • Jul 18, 2024 4:14pm Jul 18, 2024 4:14pm
Quoting lddd
{quote} I didn’t see FTMO changed the rules. I‘m no lawyer but it you signed a legal binding contract saying x rules and you haven’t violated these rules i don’t see the problem. If you clearly violated a rule that you agreed to that’s another thing and you can be happy they didn’t terminate your funded account. However, if you intentionally risk 4% per trade, you should think about whether trading is right for you, especially for a prop company.
Apparently trading is invented since last year before that trading was gambling and it was allowed
You are missing point, it was not because FTMO cares about traders and being some sort of angel. They are doing it as they don't have enough signups to cover withdrawals. Why they don't have problem till MyFF got busted? Think about that.
  • #39,534
  • Jul 18, 2024 4:27pm Jul 18, 2024 4:27pm
Quoting sampat
{quote} Apparently trading is invented since last year before that trading was gambling and it was allowed You are missing point, it was not because FTMO cares about traders and being some sort of angel. They are doing it as they don't have enough signups to cover withdrawals. Why they don't have problem till MyFF got busted? Think about that.
If that’s true they wouldn’t warn him about his obviously reckless risk management and simply wait a few days, weeks until he would finally violate and terminate his account?

I don’t see any new rules on their website or terms of services. It still says 5% daily drawdown, 10% total. I can’t find anything about a risk per trade limit.
  • #39,535
  • Jul 18, 2024 4:34pm Jul 18, 2024 4:34pm
Quoting lddd
{quote} If that’s true they wouldn’t warn him about his obviously reckless risk management and simply wait a few days, weeks until he would finally violate and terminate his account? I don’t see any new rules on their website or terms of services. It still says 5% daily drawdown, 10% total. I can’t find anything about a risk per trade limit.
Do you understand without warning if they will BAN how much noise it will create? Do you expect FTMO will ban him without coverup?
This is exactly my point they dont have anything in their website.
2.5% risk is not reckless. It depends on how you treat prop firm accounts. if you think like traditional trading account than why to use them you can get 500:1 leverage with offshore broker without rules.
  • #39,536
  • Jul 18, 2024 4:36pm Jul 18, 2024 4:36pm
Quoting navk
{quote} One can break down lots into small size so that no position will be in DD 0.5 to 1 % If a trader wishes to trade 4 lots, he can break the positions into 0.5 , 0.25 like that
He doesn’t has to split lots. All he has to be aware of is not risking -5% in total of all floating/opened positions at any time.
  • #39,537
  • Jul 18, 2024 4:51pm Jul 18, 2024 4:51pm
Quoting sampat
{quote} Do you understand without warning if they will BAN how much noise it will create? Do you expect FTMO will ban him without coverup? This is exactly my point they dont have anything in their website. 2.5% risk is not reckless. It depends on how you treat prop firm accounts. if you think like traditional trading account than why to use them you can get 500:1 leverage with offshore broker without rules.
In his last message he was already talking about 4% risk on a trade. Maybe he doesn’t even know what he is doing or if he violated any rule he signed to or not?

I am not here to defend FTMO. If he didn’t violate the rules there should be no problem and no reason for him to agree to a new individual agreement.
  • #39,538
  • Jul 18, 2024 4:52pm Jul 18, 2024 4:52pm
Quoting lddd
{quote} He doesn’t has to split lots. All he has to be aware of is not risking -5% in total of all floating/opened positions at any time.
No, they won't allow that. They consider all open trades on the same symbol or correlated symbols to be a single trade idea and thus limited to 1% risk combined. There are terms in their agreement that they can change the terms at any time per individual. Almost all prop firms have such terms.
  • #39,539
  • Jul 18, 2024 4:56pm Jul 18, 2024 4:56pm
I grabbed 10k account with FTMO with their current Cheap price and basically opened 10 Lots short with S&P and passed with one trade. I holded trade 3 days and didn't touch it. Lets see if FTMO Says anything about best short risky trade in this scary longterm uptrend just need Complete next 4 days. Its just 1 Phase so maybe they will not care much about it...

Can i trade crypto on swing FTMO account during weekend on challenge?? Maybe this will speed up required 4 days
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20240718_224909.jpg Size: 199 KB
  • #39,540
  • Jul 18, 2024 5:11pm Jul 18, 2024 5:11pm
Quoting AaronPriest
{quote} No, they won't allow that. They consider all open trades on the same symbol or correlated symbols to be a single trade idea and thus limited to 1% risk combined. There are terms in their agreement that they can change the terms at any time per individual. Almost all prop firms have such terms.
I hear this for the first time. Please refer me to where a „1% risk combined per trade/idea“ is written on FTMO‘s website.

I talked to them a few days ago and they told me there is no specific percentage risk limit on a individual per trade base.
74 traders viewing now