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  • #40,421
  • Edited 11:37pm Aug 8, 2024 11:00pm | Edited 11:37pm
Quoting Stoneyrocks
Some inside information ; “ The reason why so many props these days are using the words Platform 4/5 is because they dont hold the main license to be able to call it Metatrader 4/5 “ P.S. this was told to me in a discord chat by a CEO of a prop firm
Quoting RoelsMajor
{quote} MT5 grey label from a broker that has a full MT5 license. MT/MT4 grey label is cheaper (around 25k like ctrader or ninjatrader, or any other platform) compared to a full MT5/MT4 license, which costs around 250k and also requires a dedicated team for its operation.
Full license is very expensive, somewhere between 250k to 500k. This is an indicative proof that many prop firms do not have sufficient capital when starting their business. So they seek cheaper alternatives.

Quoting Expo33
{quote} It's just the overall philosophy that "we are looking for consistent professional traders" so we allow you to YOLO like a crack addict because that's how we find the best traders. Now that you've shown us you can gamble your way to the TP without getting bitten by our trailing drawdown we are ready to give you a PA account where you need to trade like a professional. (Don't forget that lifetime fee fellas because you don't want to get burned by our monthly subscription with those pesky 3 week payouts) It's cool though. I like capitalism....
Yes, I forgot about the activation fee, so in the end, it's not that cheap either (the cost for the first time). Prop Firms should find a middle ground, a model between Darwinex and other Prop Brokers or Firms. Ironically, Prop Brokers with sufficient capital still follow the model of other Prop Firms, which seems like there's no change. The monthly subscription model is a good form of capitalism. If I succeed (though it’s not certain I’ll pass the test) for example with Darwinex, the longer the subscription duration, without additional fees. Darwinex’s monthly subscription is equivalent to $42, which means around $504 a year, and that’s pure revenue without needing to be returned to the Trader. I will wait until a Prop Broker adopts the subscription model like Darwinex, and that will be a sign of change. For Prop Firms, still no hope, that's just how they are.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #40,422
  • Aug 9, 2024 12:49am Aug 9, 2024 12:49am
Quoting Stoneyrocks
Some inside information ; “ The reason why so many props these days are using the words Platform 4/5 is because they dont hold the main license to be able to call it Metatrader 4/5 “ P.S. this was told to me in a discord chat by a CEO of a prop firm
Thanks. Was just wondering about this. Saw a few with platform 5 when scouting around. Cross checked on propfirmmatch and saw that they were supporting MT5. So I guess it was MT5.
  • #40,423
  • Aug 9, 2024 2:10am Aug 9, 2024 2:10am
Quoting RoelsMajor
{quote} {quote} Full license is very expensive, somewhere between 250k to 500k. This is an indicative proof that many prop firms do not have sufficient capital when starting their business. So they seek cheaper alternatives. {quote} Yes, I forgot about the activation fee, so in the end, it's not that cheap either (the cost for the first time). Prop Firms should find a middle ground, a model between Darwinex and other Prop Brokers or Firms. Ironically, Prop Brokers with sufficient capital still follow the model of other Prop Firms, which seems like...
https://uptrader.io/en/news/107/meta...trader-5-white

MetaQuotes remains the main trading platform provider and it still sells the Full License MetaTrader and companies are still looking forward to the opportunity to work with MetaTrader. It’s still possible, but the price for the base version has been increased from $5000 to $7500. For those companies who can’t handle this price, a good alternative is c-Trader White Label.
  • #40,424
  • Aug 9, 2024 2:32am Aug 9, 2024 2:32am
Quoting TraderTero
{quote} https://uptrader.io/en/news/107/meta...trader-5-white MetaQuotes remains the main trading platform provider and it still sells the Full License MetaTrader and companies are still looking forward to the opportunity to work with MetaTrader. It’s still possible, but the price for the base version has been increased from $5000 to $7500. For those companies who can’t handle this price, a good alternative is c-Trader White Label.
A prop will need the $10000 license due to the number of users but yes, its not 250k as suggested. It has other expenses, bridge, price feed, server, admin. So maybe for like 70ka month you can run your own metatrader.
but the metatrader issue is not price its that prop is not allowed by metatrader unless you are operating a brokerage OR have one of the old contracts with old terms and conditions.
  • #40,425
  • Aug 9, 2024 3:11am Aug 9, 2024 3:11am
Darwin will be created next Monday on 1st account. I need to check how much adjustment will be made for the creation. 2nd account have to wait until a week after Monday.
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  • #40,426
  • Aug 9, 2024 3:13am Aug 9, 2024 3:13am
Quoting TraderTero
{quote} https://uptrader.io/en/news/107/meta...trader-5-white MetaQuotes remains the main trading platform provider and it still sells the Full License MetaTrader and companies are still looking forward to the opportunity to work with MetaTrader. It’s still possible, but the price for the base version has been increased from $5000 to $7500. For those companies who can’t handle this price, a good alternative is c-Trader White Label.
Quoting Takisd
{quote} A prop will need the $10000 license due to the number of users but yes, its not 250k as suggested. It has other expenses, bridge, price feed, server, admin. So maybe for like 70ka month you can run your own metatrader. but the metatrader issue is not price its that prop is not allowed by metatrader unless you are operating a brokerage OR have one of the old contracts with old terms and conditions.
250k to 500k is the overall cost, including the team, development, and maintenance. That’s for a full license, but I'm not sure if it's still being sold. For a white label, it's different; the cost can be cheaper, around 50k, including the team, development, and maintenance. With MT4, referred to as Platform 4/5, or "Grey Label", it’s even cheaper.

Quoting sheva89
Darwin will be created next Monday on 1st account. I need to check how much adjustment will be made for the creation. 2nd account have to wait until a week after Monday. {image} {image} {image} {image} {image}
The adjustment is already visible; your drawdown has been reduced from -7.49% to -1.29%. Returns have been trimmed. What’s important now is the current risk ratio; if it meets the standard of 1.00, then you’re safe. Congrats.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #40,427
  • Aug 9, 2024 3:21am Aug 9, 2024 3:21am
Quoting RoelsMajor
{quote} The adjustment is already visible; your drawdown has been reduced from -7.49% to -1.29%. Returns have been trimmed. What’s important now is the current risk ratio; if it meets the standard of 1.00, then you’re safe. Congrats.
Apologies if the images are confusing. In fact the first 2 images are from 1st account and the bottom 2 are from 2nd account. So I'm wondering how much drawdown, returns will be adjusted based on 4.71% and -1.29%.
  • #40,428
  • Aug 9, 2024 3:21am Aug 9, 2024 3:21am
Quoting RoelsMajor
{quote} {quote} 250k to 500k is the overall cost, including the team, development, and maintenance. That’s for a full license, but I'm not sure if it's still being sold. For a white label, it's different; the cost can be cheaper, around 50k, including the team, development, and maintenance. With MT4, referred to as Platform 4/5, or "Grey Label", it’s even cheaper. {quote} The adjustment is already visible; your drawdown has been reduced from -7.49% to -1.29%. Returns have been trimmed. What’s important now is the current risk ratio; if it meets...
Metaquotes stopped doing white labels long ago.
  • #40,429
  • Aug 9, 2024 3:24am Aug 9, 2024 3:24am
Quoting sheva89
{quote} Apologies if the images are confusing. In fact the first 2 images are from 1st account and the bottom 2 are from 2nd account. So I'm wondering how much drawdown, returns will be adjusted based on 4.71% and -1.29%.
Owh I see, congratz for 1st account. Very good. D-Leverage in the range 10. I thought the risk ratio would just normal.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #40,430
  • Aug 9, 2024 5:52am Aug 9, 2024 5:52am
Quoting RoelsMajor
{quote} Owh I see, congratz for 1st account. Very good. D-Leverage in the range 10. I thought the risk ratio would just normal.
The risk engine is black box, unfortunately, no one will be able to asses what the risk factor is going to be.

Having siad, we can just follow normal trading rule, 0.5 % for any position
Intraday only.
  • #40,431
  • Aug 9, 2024 5:56am Aug 9, 2024 5:56am
my account update as of today.

Will have to trade for 2 more days for calibration to complete
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Intraday only.
  • #40,432
  • Aug 9, 2024 6:10am Aug 9, 2024 6:10am
Mine will be ready at Monday as well (pic from yesterday).
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  • #40,433
  • Aug 9, 2024 6:16am Aug 9, 2024 6:16am
On the 4-hour chart, a Double Bottom pattern is visible. The Heikin-Ashi candles are forming consecutively in green, indicating a possible upward correction. The price is above the 20-period Moving Average (MA), while the Standard Deviation (SD) indicator suggests a potential strengthening of the trend.

I see the possible rising
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  • #40,434
  • Aug 9, 2024 6:21am Aug 9, 2024 6:21am
Quoting kalastaja
Mine will be ready at Monday as well (pic from yesterday). {image}
great result
Intraday only.
  • #40,435
  • Aug 9, 2024 6:25am Aug 9, 2024 6:25am
Quoting navk
{quote} great result
Thanks! You are doing good as well.
  • #40,436
  • Aug 9, 2024 6:28am Aug 9, 2024 6:28am
Quoting kalastaja
Here’s also one example. Mainly indexies, few UJ, AUD/jpn or xau/usd pairs. {image}
Quoting kalastaja
Mine will be ready at Monday as well (pic from yesterday). {image}
Superb result and great risk control (D-Leverage). Congratz
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #40,437
  • Aug 9, 2024 6:42am Aug 9, 2024 6:42am
Quoting RoelsMajor
{quote} {quote} Superb result and great risk control (D-Leverage). Congratz
Thanks! I try to do my best. I trade this account similar way and execute same set up's than I do in my personal and futures prop accounts.

Interesting to see how the stat will look. Will share more here at Monday.
  • #40,438
  • Aug 9, 2024 6:56am Aug 9, 2024 6:56am
Quoting kalastaja
{quote} Thanks! I try to do my best. I trade this account similar way and execute same set up's than I do in my personal and futures prop accounts. Interesting to see how the stat will look. Will share more here at Monday.
If the going is like this, you are likely to get maximum allocation
Intraday only.
  • #40,439
  • Aug 9, 2024 8:08am Aug 9, 2024 8:08am
Quoting navk
{quote} If the going is like this, you are likely to get maximum allocation
That would be nice, but unlikely. I just go one trade at the time. At the end of month, it is what it is.
  • #40,440
  • Aug 9, 2024 8:49am Aug 9, 2024 8:49am
Quoting Capablanca
Btw, they have a mistake in their 1 step page. The DD is not static, it's trailing. It's static just for the 2 step model.
Just a correction about Blueberry. I was wrong. The one trailing is therapid one. The 1 step and 2 step is static. I'm going to edit my post to avoid misunderstanding. Sorry about that.
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