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  • #40,301
  • Aug 6, 2024 9:59am Aug 6, 2024 9:59am
I want to ask a question:

My prop firm FTMO does not allow servers in USA as you know. My current setup is IC Markets demo as a sender account and I use it for the reason that I need low latency with IC Markets in live. I use FX Blue copier. But I can not use it with sending from IC Markets to FTMO because USA server is banned by FTMO.

Which broker is best to use with FTMO? FTMO is in London and I want a reliable broker in London as the sender account with an unlimited demo. For receving and sending signals, I will rent a VPS in London server.
  • #40,302
  • Aug 6, 2024 10:43am Aug 6, 2024 10:43am
Quoting deroty
I want to ask a question: My prop firm FTMO does not allow servers in USA as you know. My current setup is IC Markets demo as a sender account and I use it for the reason that I need low latency with IC Markets in live. I use FX Blue copier. But I can not use it with sending from IC Markets to FTMO because USA server is banned by FTMO. Which broker is best to use with FTMO? FTMO is in London and I want a reliable broker in London as the sender account with an unlimited demo. For receving and sending signals, I will rent a VPS in London server.
You will be good with FxPro London as a broker and use https://www.accuwebhosting.com/ for your VPS and choose London server
  • #40,303
  • Aug 6, 2024 10:51am Aug 6, 2024 10:51am
Quoting stirmatt
{quote} You will be good with FxPro London as a broker and use https://www.accuwebhosting.com/ for your VPS and choose London server
FXPro are utmost reliable. Having a nice platform and allways fine support. BUT their spreads are allways minimum the double of FTMO. I know because I use both.
MetaTrader 4 - so many advantages.
  • #40,304
  • Aug 6, 2024 11:07am Aug 6, 2024 11:07am
Quoting RiskFighter
{quote} FXPro are utmost reliable. Having a nice platform and allways fine support. BUT their spreads are allways minimum the double of FTMO. I know because I use both.
That wouldn't affect your trading negatively with FTMO because that's how I have been doing it since.
  • #40,305
  • Aug 6, 2024 11:20am Aug 6, 2024 11:20am
Thank you Riskfighter. Stirrmath . Thank you for the assistance!...
  • #40,306
  • Aug 6, 2024 11:34am Aug 6, 2024 11:34am
Quoting stirmatt
{quote} That wouldn't affect your trading negatively with FTMO because that's how I have been doing it since.
Hi Stirmatt.... FXPro does not let me to open an account from my country Turkey. Any alternatives?
  • #40,307
  • Aug 6, 2024 11:39am Aug 6, 2024 11:39am
Quoting deroty
{quote} Hi Stirmatt.... FXPro does not let me to open an account from my country Turkey. Any alternatives?
They told they accept Turkish citizens. Thank you for the help Stirmatt.
  • #40,308
  • Aug 6, 2024 11:44am Aug 6, 2024 11:44am
Quoting deroty
{quote} Hi Stirmatt.... FXPro does not let me to open an account from my country Turkey. Any alternatives?
If FxPro UK is not accepting you, you can try FxPro global in Bahamas
  • #40,309
  • Aug 6, 2024 12:30pm Aug 6, 2024 12:30pm
Apex money hit the bank so bought 2 evals and nuked them right away......
CHecked news probably will try YOLO'ing 6 apex 150k evals on 13th Aug CPI......
No more evals before that gonna be donation to apex i feel it....
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Extreme gut feeling trader
  • #40,310
  • Aug 6, 2024 12:38pm Aug 6, 2024 12:38pm
Quoting RoelsMajor
Today, I monitored Propfirmmatch.com to see if there were any good challenge offers for MT4. I found one that looks interesting, 50k account 1 phase; they offer a price of 3.3% of the Profit Target and the challenge must be completed within a month. $99 is still expensive. Ideally, they should charge a subscription fee of $30 per month for testing and a 67% profit split, so 1/3 for them. They charge no commission. Does anyone have experience with The Trading Pit? {image}
After re-check, this is for future market.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #40,311
  • Aug 6, 2024 4:04pm Aug 6, 2024 4:04pm
Quoting Expo33
{quote} Nice profit but with a 13% drawdown it's likely that once the Darwin Index is created she will find out that her profit will be much lower and that her risk adjustment factor will also be much lower than 1.0 Like Roelsmajor. His account was at 103K on the platform but was at 98,800 when the Index was created due to the risk reduction factor. If your wife stays at 113K until the end of the calibration phase I highly doubt that her Index will be 113. Let's face it. If you are in a 13K drawdown then either the trader overleveraged or their...
This is how the return distribution stands for her
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Intraday only.
  • #40,312
  • Aug 6, 2024 6:37pm Aug 6, 2024 6:37pm
TOPSTEP -- Did you guys know this?

Let's say you have a 50k funded account with TopStep. You trade it for 5 days at $300 x 5 = $1500 profit for the week. Balance = $51500.

Say you take out half (-$750). This is the 50% max they let you take out after only 5 days live. Pretty cool. But...

Did you guys know that upon taking that withdrawal, the max loss (MLL, or account termination) is now $50000? I just learned that after your first withdrawal, TopStep automatically places your MLL at $0 -- so, $50000 in this example. That would only leave $750 of wiggle room before blow-up.

I thought the pre-first-withdrawal EOD of -$2000 would still apply. In other words, in the above example --> account value after 5 days before withdrawal was $51500, so I'd expect a MLL of $49500 (or -$2000).

Kind of lame. $750 of DD left instead of $1250. Small print sneakiness of it all makes me not wanna try them. Still probably will though, haha...
.
A snails pace wins the race :-)
  • #40,313
  • Aug 6, 2024 7:33pm Aug 6, 2024 7:33pm
Quoting Rmg
Well, my 3rd request is " under review" apex again. I have about 60k profits so far. Lets wait and see.
I understand that Apex denied your 60k pay out due to "eractic trading". But it does not mean they remove the 60K profit from your PA account right?
So if you follow their rules for the next request they might honour it, assuming that you still have that 60k in profit?
  • #40,314
  • Aug 6, 2024 8:15pm Aug 6, 2024 8:15pm
Quoting navk
{quote} This is how the return distribution stands for her {image} {image} {image}
The current risk ratio would be fined more severe than me, this is my account: the average peak of D-Leverage is around 50, and the current risk-reward ratio is 0.12 (after calibration). But i guess her profit percentage is quite helpful.
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #40,315
  • Aug 6, 2024 8:54pm Aug 6, 2024 8:54pm
Quoting RoelsMajor
{quote} The current risk ratio would be fined more severe than me, this is my account: the average peak of D-Leverage is around 50, and the current risk-reward ratio is 0.12 (after calibration). But i guess her profit percentage is quite helpful. {image}
You mean to say, the risk engine is blackbox so that nobody will be able to understand how to manage risk after knowing what risk one trader has to maintain ?

The risk has to be managed on adhoc basis by a trader. Unlike in prop firm, 5 % and 10 % rule
Intraday only.
  • #40,316
  • Aug 6, 2024 8:55pm Aug 6, 2024 8:55pm
Quoting RoelsMajor
{quote} The current risk ratio would be fined more severe than me, this is my account: the average peak of D-Leverage is around 50, and the current risk-reward ratio is 0.12 (after calibration). But i guess her profit percentage is quite helpful. {image}
My D Leverage high is around 10, which I assume is why my risk factor runs from 1.4-1.8. It is great that we can all share these stats to see what is most beneficial to us.
Obviously, I much prefer trading small and having them multiply me as opposed to reduce me.

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  • #40,317
  • Aug 6, 2024 8:59pm Aug 6, 2024 8:59pm
Quoting JustPipMe
TOPSTEP -- Did you guys know this? Let's say you have a 50k funded account with TopStep. You trade it for 5 days at $300 x 5 = $1500 profit for the week. Balance = $51500. Say you take out half (-$750). This is the 50% max they let you take out after only 5 days live. Pretty cool. But... Did you guys know that upon taking that withdrawal, the max loss (MLL, or account termination) is now $50000? I just learned that after your first withdrawal, TopStep automatically places your MLL at $0 -- so, $50000 in this example. That would only leave $750 of...
I think Apex is the same, that is the reason we need to build our buffer before requesting for withdrawal, else we are left with $500 for drawdown. I might be wrong on this.
  • #40,318
  • Aug 6, 2024 9:04pm Aug 6, 2024 9:04pm
Quoting pipmaster77
{quote} My D Leverage high is around 10, which I assume is why my risk factor runs from 1.4-1.8. It is great that we can all share these stats to see what is most beneficial to us. Obviously, I much prefer trading small and having them multiply me as opposed to reduce me. {image}
what should be the guideline for D Leverage ? My question is not to you but from Darwinex zero.

I still feel the risk engine is a blackbox
Intraday only.
  • #40,319
  • Aug 6, 2024 9:13pm Aug 6, 2024 9:13pm
Quoting JustPipMe
TOPSTEP -- Did you guys know this? Let's say you have a 50k funded account with TopStep. You trade it for 5 days at $300 x 5 = $1500 profit for the week. Balance = $51500. Say you take out half (-$750). This is the 50% max they let you take out after only 5 days live. Pretty cool. But... Did you guys know that upon taking that withdrawal, the max loss (MLL, or account termination) is now $50000? I just learned that after your first withdrawal, TopStep automatically places your MLL at $0 -- so, $50000 in this example. That would only leave $750 of...
Whatever is left after your withdrawal is basically your new draw down. I would only take out money If I can leave a $3000 buffer.
Drawdown is more important than Account Size !
  • #40,320
  • Aug 6, 2024 9:25pm Aug 6, 2024 9:25pm
Quoting pipmaster77
{quote} My D Leverage high is around 10, which I assume is why my risk factor runs from 1.4-1.8. It is great that we can all share these stats to see what is most beneficial to us. Obviously, I much prefer trading small and having them multiply me as opposed to reduce me. {image}
D-Factor is the MOST IMPORTANT THING one should care about.
As imagine if your risk factor is above 1 lets say 1.5 to 2 you just need to make 1-2% to achieve 2-4% of monthly target.
If your D-Factor is like 50 risk factor is reduced to 0.1 or 0.2 so to make 2-4% monthly one needs to make 20-40% in signal account which is not sustainable without larger drawdowns.
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