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  • #40,461
  • Aug 10, 2024 4:14am Aug 10, 2024 4:14am
Look like we need to have a tally-board for Darwinians. Look interesting might join the race.
  • #40,462
  • Aug 10, 2024 5:08am Aug 10, 2024 5:08am
Quoting failinforex
Look like we need to have a tally-board for Darwinians. Look interesting might join the race.
I like Darwinex because they have a performance track record, providing proof for traders that even generating a standard profit of 5.95% per month (at least for me) is still very difficult. There’s also a statistical measure of consistency over six months. As long as you can afford the subscription fee. However, for some reason, not many traders on this forum join Darwinex Zero (with 967,646 registered members). In the July 2024 edition of Darwin Silver, only 1,103 out of 7,676 traders (14.4%) received an allocation. This means it’s not as easy as it seems. Plus, there are rules to follow from the start, helping to shape the character and skills of traders to be disciplined. Maybe there should be a dedicated thread for Darwinex Zero Traders on FF.
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  • #40,463
  • Edited 6:16am Aug 10, 2024 5:28am | Edited 6:16am
"In the July 2024 edition of Darwin Silver, only 1,103 out of 7,676 traders (14.4%) received an allocation."

I think that is excellent result. Either rules for allocation are easy or Darwinex attracts above average traders. Another question is how many are able to get new allocations and keep steady results. All in all, interesting option and variation for futures trading.

Personally I am keen to see all the statistics after 3, 6, 12 months.
  • #40,464
  • Aug 10, 2024 6:17am Aug 10, 2024 6:17am
Why do traders find it difficult to make money?

Because it is a skill to be profitable as trader. You need a lot of screening time to be a good discretionary trader. And discretionary trading is where the big edges come from and not from backtested systematic things. See this latest science study attached as proof for this argument. I backtested a lot in past years and can confirm this.

Inserted Video



Attached File(s)
File Type: pdf Price Action Reading.pdf   986 KB | 2,610 downloads
  • #40,465
  • Aug 10, 2024 6:18am Aug 10, 2024 6:18am
Anyone have an experience with traderswithedge?
  • #40,466
  • Aug 10, 2024 6:56am Aug 10, 2024 6:56am
Quoting maltrader
Just got paid by Alpha. My 25th with them. Took just under 72 hours this round.The payout time has slowly increased from a few hours when I started with them. Did see on discord that they are promising a 1 day payout to be implemented this month. Hope that's true but on the other hand, the mods on discord are saying expect up to 1+4 days for the payout (1 being the request day and 4 more business days). No news of the payout I submitted to ascendx on the same day as Alpha. I'm not putting much hope on that as I expect them to retroactively apply...
well, I got a refund on alpha as I was gamlbing to do phase 1 and phase 2...got refund really quickly..still have one live account there flat.

ascend did pay me after 3 weeks probably...now it seems they have more smooth operation...so expect 2 weeks
I made some moneyz there again - so ill request in middle of the month again to see how is the proces....rules are hardcore in ascend, but what you gonna do.
  • #40,467
  • Edited 8:18am Aug 10, 2024 8:08am | Edited 8:18am
Quoting TrAndy1
Why do traders find it difficult to make money? Because it is a skill to be profitable as trader. You need a lot of screening time to be a good discretionary trader. And discretionary trading is where the big edges come from and not from backtested systematic things. See this latest science study attached as proof for this argument. I backtested a lot in past years and can confirm this. https://www.youtube.com/watch?v=eNXybtOSI-8&t=47s {image}
If you’re talking about the real world, where skills can consistently make money, then becoming a dentist is the right choice. In the world of randomness, like markets with floating rates, skills and all other factors are necessary, but luck also plays a dominant role (timing or right period or right time, something like that). For example, in 9 years, let's say SYO has managed to dominate the trading world with 199% profits, but how many thousands of percent has the dentist mentioned above earned? At a certain broker, there is a warning that 81.76% of traders lose their money in this world of randomness; you would rarely find an expert car maker who loses money (a paid engineer).

I said we can only keep trying.
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  • #40,468
  • Aug 10, 2024 8:19am Aug 10, 2024 8:19am
Quoting TrAndy1
discretionary trading is where the big edges come from and not from backtested systematic things.

This is absolute nonsense: it’s just completely wrong.


Quoting TrAndy1
Attached File(s)
https://assets.faireconomy.media/images/attach/pdf.gif Price Action Reading.pdf


This is a good article, but (as its authors explain) everything in it is very specific to trading individual stocks: it has nothing to do with forex or indices CFD's at all.
  • #40,469
  • Edited 10:47am Aug 10, 2024 8:33am | Edited 10:47am
Quoting kalastaja
"In the July 2024 edition of Darwin Silver, only 1,103 out of 7,676 traders (14.4%) received an allocation." I think that is excellent result. Either rules for allocation are easy or Darwinex attracts above average traders. Another question is how many are able to get new allocations and keep steady results. All in all, interesting option and variation for futures trading. Personally I am keen to see all the statistics after 3, 6, 12 months.
Darvin says those who are getting 75 score is guaranteed of 30000 euros ?

How and why only 1103 trades only got allocation ?

You mean only 1103 got 75 score after risk engine ?
Intraday only.
  • #40,470
  • Aug 10, 2024 8:38am Aug 10, 2024 8:38am
Quoting RoelsMajor
At a certain broker, there is a warning that 81.76% of traders lose their money in this world of randomness; you would rarely find an expert car maker who loses money (a paid engineer).

That’s measured over a 3-month period, too, which is how most regulators require them to state it: over a year or more, the true figure is over 99% losing (that’s according to the UK’s FCA, by the way).
  • #40,471
  • Aug 10, 2024 8:53am Aug 10, 2024 8:53am
Quoting deroty
Which copier to use? In the near future I will use an EA in my forex challenge account. But my problem is: I have MT4 account in FTMO and MT5 account for the EA in my posession. As you can guess, I will use FX Blue Trade copier to copy from MT5 to MT4. Problem: Due to difference price feeds, what will happen if my sender account reached 220.000 USD and receiver account is 180.000 and vice versa? If I use multiplier = 1 in fx blue, receiver account will receive lower or higher grid or martingale lots. How can I setup Blue FX trade copier in a way...
Traders connect.

Or, you could simply merge them when you are at funded stage -ftmo


If you/SOMEONE has more experiance in copying your own trades to other prop firm please share your knowledge.

From which prop to which etc..
  • #40,472
  • Aug 10, 2024 9:08am Aug 10, 2024 9:08am
Quoting 21vs7
{quote} Traders connect. Or, you could simply merge them when you are at funded stage -ftmo If you/SOMEONE has more experiance in copying your own trades to other prop firm please share your knowledge. From which prop to which etc..
There are rules from Prop firms.

Some prop firms say they should be master only and not follower.

Some prop firms allow both master and followe style of copying
Intraday only.
  • #40,473
  • Aug 10, 2024 9:18am Aug 10, 2024 9:18am
Quoting 21vs7
{quote} well, I got a refund on alpha as I was gamlbing to do phase 1 and phase 2...got refund really quickly..still have one live account there flat. ascend did pay me after 3 weeks probably...now it seems they have more smooth operation...so expect 2 weeks I made some moneyz there again - so ill request in middle of the month again to see how is the proces....rules are hardcore in ascend, but what you gonna do.
What lot size or percentage of the margin did you use for it to be considered gambling there? I thought they had a anything goes style for the evaluation phases?
  • #40,474
  • Aug 10, 2024 9:24am Aug 10, 2024 9:24am
Quoting kalastaja
Darwin creation still in process but numbers already adjusted. First one is this morning and lower when creation started. No trading between first and second pic. {image} {image}
So looks like your risk engine will fall between 1.35-1.40.....perfect results, IMO. I prefer to trade smaller and have them increase my size than vice versa.
  • #40,475
  • Aug 10, 2024 9:26am Aug 10, 2024 9:26am
Quoting hayseed
{quote} //---- judging from your latest posts, assuming 20 trading days a month, your wanting to make 1000$ per day..... does that sound roughly correct..... the only trouble i've noticed with topstepx and tradovate platforms is you can only have one open per user name at a time..... switching back and forth between funded and evaluation accounts is a pain..... or in group trading, switching back and forth between apex tradovate groups or topstepx leads annoys me..... it would be nice to have those platforms open on multiple computers so the groups...
I fortunately went the rithmic route when starting with the futures props......Quantower allows copy traing accross all props that offer it, so you can have 20 apex, 5 take profit, 5 topstep, etc, all copied together or in whatever group(s) you prefer.
  • #40,476
  • Aug 10, 2024 9:34am Aug 10, 2024 9:34am
Quoting RoelsMajor
{quote} I like Darwinex because they have a performance track record, providing proof for traders that even generating a standard profit of 5.95% per month (at least for me) is still very difficult. There’s also a statistical measure of consistency over six months. As long as you can afford the subscription fee. However, for some reason, not many traders on this forum join Darwinex Zero (with 967,646 registered members). In the July 2024 edition of Darwin Silver, only 1,103 out of 7,676 traders (14.4%) received an allocation. This means it’s not...
It is a much better result than passing the prop firm challenges....I forget the exact numbers, but like 5% pass phase 1 and then 30% of that 5% pass phase 2 and then a very small percentage ever get paid. I do recall, less than 1% of challenge takers ever reach payout.
That % is understandably higher in this thread as some of us actually know what we are doing.
Personal account...once again Darwin appears to be a higher % than what most studies indicate the % of successful traders is trading their own money.
It will all line up, repeated this many times......Darwin, prop firms, etc. DOES NOT make you a better trader....these are tools for good/above average traders to exponentially grow their portfolios.
  • #40,477
  • Aug 10, 2024 9:36am Aug 10, 2024 9:36am
Quoting sheva89
{quote} Great result I had a look at mine. It was also adjusted. 1st one before and 2nd one after. {image} {image}
This is an odd one......DD has been exponentially increased more than return. My assumption is risk engine was higher during the DD period????
  • #40,478
  • Aug 10, 2024 9:38am Aug 10, 2024 9:38am
Quoting kalastaja
"In the July 2024 edition of Darwin Silver, only 1,103 out of 7,676 traders (14.4%) received an allocation." I think that is excellent result. Either rules for allocation are easy or Darwinex attracts above average traders. Another question is how many are able to get new allocations and keep steady results. All in all, interesting option and variation for futures trading. Personally I am keen to see all the statistics after 3, 6, 12 months.
Yes, futures trading on MT5.......just like amp.
  • #40,479
  • Aug 10, 2024 9:44am Aug 10, 2024 9:44am
Why the risk engine is a traders friend, not the enemy....


Inserted Video
  • #40,480
  • Aug 10, 2024 10:20am Aug 10, 2024 10:20am
Quoting pipmaster77
Why the risk engine is a traders friend, not the enemy.... https://www.youtube.com/watch?v=hSp4NWoUtc4
Pip, I need one more data. Could u share your current maximum and minimum VAR? Thanks before.
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