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  • #43,241
  • Oct 14, 2024 11:51pm Oct 14, 2024 11:51pm
Quoting TrAndy1
Just secured a +3% payout request on my $50k funded acount at Quant Tekel prop. Let us see how smooth the payout process will be when I can request it next week.
Please keep us posted about this, please. I don't consider QT while they have the min duration trades (not because it affects me but because I make a lot of mistakes) but if they change the rule and pay I may drop some coins there from my reckless money bag.
  • #43,242
  • Oct 14, 2024 11:54pm Oct 14, 2024 11:54pm
Quoting CableJ
{quote} I have increased my trade risk @ props so my historical max DD is now 90% of available drawdown. Long term thinking with props has gone out the window.
Wise

I'm always in a dilema if I should go on milking them slowly the radar or if I should hit them fast and hard and say goodbye.
  • #43,243
  • Oct 15, 2024 12:00am Oct 15, 2024 12:00am
Quoting TrAndy1
{quote} Because I want you personally shaking your head all the time when you read my posts....no, joke beside. I do not complain about props. I write about my analysis, stats, experiences etc. Second I explained why I could not get a refund at Ascendx now Quant Tekel called. If they do not payout me the prop story is for me over, but I will watch them still for longer, maybe something interesting will pop up in the future then again. If Quant Tekel does payouts smoothly I will keep buying challenges from them as I also explained it does make sense...
Your opinions about props are a lot about the ratio you calculate, based in price and targets/SL/pay%, etc.

You end up saying that 5ers or E8 are expensive but then go with QT, despite you had already trouble in the past.

I think you should have an additional criteria in the calculation which is the probability of being paid. This would correct the final ratio you get. Yeah, it's subjective but you would have 2 ratios. One purely based in conditions and prices. Another one also considering probability of being paid.
  • #43,244
  • Oct 15, 2024 12:04am Oct 15, 2024 12:04am
I got a payout from Alpha but these guys are getting worse. Two complete business days to get the payout without being able to trade. Even worse than TFF in their glory days. And it was a very low 4 fig payout, nothing significative.

I always hated their system of 14 days payouts stone written. If we have a low amount we need to ask it anyway (and have acct frozen for 2 business days) or waiting another 14 days without a chance of asking in the meantime, as happens in most props.
  • #43,245
  • Oct 15, 2024 12:07am Oct 15, 2024 12:07am
In the meantime Finotive has been under attack with lots of claims about payout % reduced or accounts denied and obliging traders to repeat the challenge, based on too much risk. These guys always had this kind of behavior but it seems that it's again in full mode.
Sounds they're ready for me to drop there some coins from my reckless pocket money.
  • #43,246
  • Oct 15, 2024 12:17am Oct 15, 2024 12:17am
Blueberry funded had a blunder in their X, posting a challenge from Artic Funding. Apparently they are the same company.
Takisd were you aware of this ?

https://x.com/PFRT_X/status/1846052528364179732
  • #43,247
  • Oct 15, 2024 1:14am Oct 15, 2024 1:14am
Quoting Capablanca
Blueberry funded had a blunder in their X, posting a challenge from Artic Funding. Apparently they are the same company. Takisd were you aware of this ? https://x.com/PFRT_X/status/1846052528364179732
I don't think arctic and blueberry are the same company but it is likely they are using the same company for all their services. But so is vantage, oanda, hantec, icfunded, taurex etc.
  • #43,248
  • Oct 15, 2024 4:17am Oct 15, 2024 4:17am
Prop Firm MyFundedFutures Overhauls Affiliate Program and Suspends over 20 Countries
Tuesday, 15/10/2024 | 11:06 GMT+2 by Damian Chmiel

  1. Affiliate accounts failing to generate at least 50 trader deposits will be closed this month.
  2. MFF previously announced blocking access to clients from 21 different countries due to regulatory concerns

https://www.financemagnates.com/fore...-20-countries/

Consequently, the prop trading firm can no longer provide services to a list of 21 countries. Residents of these countries can no longer purchase new evaluations or challenges. However, this doesn't apply to individuals who already had active accounts with MyFundedFutures.

The list, in alphabetical order, includes Burkina Faso, Cameroon, China, Gibraltar, Haiti, Hong Kong, Jordan, Kenya, Macedonia, Mali, Mozambique, Myanmar, Namibia, Nigeria, Philippines, Qatar, Romania, Senegal, South Africa, Tanzania, and United Arab Emirates.

  • #43,249
  • Oct 15, 2024 10:20am Oct 15, 2024 10:20am
Alright guys.. some good updates after couple of months....

1. Secured 1200$x3 payout for MFFFU 50k funded accounts. Officially crossed threshold today now just need 100$ x 2days to ask for the payout.
2. Its a less profitable payout for me. Total money spent on mfffu in last couple of months is 1300$to get to a payout.

SO final NET PROFITABLE number is 2300$. Which will fund the 50kx5 (PASSED) topstep activations fees and takeprofittrader/tradeify challenges. (Waiting for apex for some offer)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-10-15 at 11.16.15 AM.png Size: 83 KB
Extreme gut feeling trader
  • #43,250
  • Oct 15, 2024 4:35pm Oct 15, 2024 4:35pm
Tradeify increased number of accounts (was 5)


Attached Image (click to enlarge)
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@MontyGold how is copy trading going with Tradeify ?
  • #43,251
  • Oct 16, 2024 12:19am Oct 16, 2024 12:19am
Quoting Stoneyrocks
Tradeify increased number of accounts (was 5) {image} @MontyGold how is copy trading going with Tradeify ?
Yes they have tradovate... tradovate copier is the best
Extreme gut feeling trader
  • #43,252
  • Oct 16, 2024 12:56am Oct 16, 2024 12:56am
Quoting Capablanca
I got a payout from Alpha but these guys are getting worse. Two complete business days to get the payout without being able to trade. Even worse than TFF in their glory days. And it was a very low 4 fig payout, nothing significative. I always hated their system of 14 days payouts stone written. If we have a low amount we need to ask it anyway (and have acct frozen for 2 business days) or waiting another 14 days without a chance of asking in the meantime, as happens in most props.
Stopped trading with them because I foresee I'll not be getting a payout due to a high dd (forgot to put a manual stop loss on one of the trades). My friend had the same issue where they gave him 25% of the 80% he was due because he had a high dd and closed his account there. The last funded account I had with them took 7 working days to be issued and the payout was 2+ days.
  • #43,253
  • Oct 16, 2024 12:59am Oct 16, 2024 12:59am
Quoting Capablanca
{quote} Your opinions about props are a lot about the ratio you calculate, based in price and targets/SL/pay%, etc. You end up saying that 5ers or E8 are expensive but then go with QT, despite you had already trouble in the past. I think you should have an additional criteria in the calculation which is the probability of being paid. This would correct the final ratio you get. Yeah, it's subjective but you would have 2 ratios. One purely based in conditions and prices. Another one also considering probability of being paid.
Just reminded me I still have a funded account with AscendX that hasn't been migrated over by QT. Been trying to get a payout on that account since AscendX days and I doubt it's ever coming. I gave up on them and forgot all about the migration after their last email in September promising a resolution in 24 hours.
  • #43,254
  • Oct 16, 2024 5:17am Oct 16, 2024 5:17am
Quoting pipmaster77
{quote} I do know that everything they have that is investor facing is heavily regulated. The CEO has a great interview on this. The broker is heavily regulated, their hedge fund is heavily regulated.....we are just signal providers. This is actual the real deal of what all of the prop firms we traded with were claiming to be. Hence, the 15% performance fee...they get 20%, which is global standard and then split 75/25 with us. https://www.youtube.com/watch?v=TiSeiIEzWew
So, the CEO says that it is impossible to make 10% per month with a 5% max dd for more than 3 months in a row.
It takes only one person to show that done in a real account to make him wrong.
Has anyone done that?

Has anyone done that on Darwinex?
  • #43,255
  • Oct 16, 2024 5:44am Oct 16, 2024 5:44am
Quoting OutThere
{quote} So, the CEO says that it is impossible to make 10% per month with a 5% max dd for more than 3 months in a row. It takes only one person to show that done in a real account to make him wrong. Has anyone done that?

I doubt it very, very much. (If anyone ever has, it would only be by wild gambling, and definitely not the kind of trader anyone would want on board anyway.)
  • #43,256
  • Oct 16, 2024 5:51am Oct 16, 2024 5:51am
Quoting Quickly
{quote} I doubt it very, very much. (If anyone ever has, it would only be by wild gambling, and definitely not the kind of trader anyone would want on board anyway.)
Well, apparently if it can be more than 3 months in a row, it will no longer be considered wild gambling, hence the suggested number 3 by the guy who oversees 4000 accounts at Darwinex. He set the bar at 10% for 3+ months.
10/3 is the barrier to human's trading ability.

It's like breaking this record:

9.58 seconds
The men's world record is 9.58 seconds, set by Jamaica's Usain Bolt in 2009, while the women's world record is 10.49 seconds, set by American Florence Griffith-Joyner in 1988.
  • #43,257
  • Oct 16, 2024 6:04am Oct 16, 2024 6:04am
Someone posted here a couple of weeks ago that for the past 4 years, he has been making 15-20% per month.

Meanwhile, this CEO who can see everyone's trades and performance for the past 12 years is yearning to see 10% achieved 3 months in a row.

Will somebody make this CEO's dreams come true and show him a 4th month profit of 10%?
  • #43,258
  • Oct 16, 2024 6:17am Oct 16, 2024 6:17am
This guy if legit can bring tears of happiness to one whishing upon a rainbow CEO hoping to one day see a 4th 10% achieved.
If only he would notch it down from 1000% to 10% but over 4 months instead of just one month.

https://www.forexfactory.com/thread/...now-10000-next


But he is nowhere to be found.
  • #43,259
  • Oct 16, 2024 6:34am Oct 16, 2024 6:34am
Quoting OutThere
This guy if legit can bring tears of happiness to one whishing upon a rainbow CEO hoping to one day see a 4th 10% achieved. If only he would notch it down from 1000% to 10% but over 4 months instead of just one month. https://www.forexfactory.com/thread/...now-10000-next But he is nowhere to be found.
Last year within my hedge fund role I made 4 months in a row like +20% monthly return with max. Drawdown of 10%, but no longer. Then I had up to 20% drawdown following. But it is possible to have a 2:1 Risk Reward Ratio on monthly base, I wanted to say. I mean just look at the other great hedge fund traders, there are many doing such great returns year after year. I could not do it for that long time, after 9 months I got kicked out, because my performance was not more good. It is doable.
  • #43,260
  • Oct 16, 2024 6:38am Oct 16, 2024 6:38am
Trading Signals Providers in South Africa Must Be Licensed: FSCA Imposes Debut Fine
Wednesday, 16/10/2024 | 13:23 GMT+2 by Arnab Shome

  1. The FSCA fined and debarred one individual for providing FX signal without a license.
  2. It clarified that “publishing signals… to online trading… falls within the definition of financial services.”

https://www.financemagnates.com/fore...es-debut-fine/


That implies that trading on prop firms needs to be licensed aswell in South Africa territory or residents from or ?.

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