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  • #43,381
  • Oct 19, 2024 4:10am Oct 19, 2024 4:10am
Quoting Stoneyrocks
{quote} that is Quantower on Rithmic feed ? with a REAL prop firm like Apterostrading , Sierracharts with their own Denaili feed , is by far the most popular , if you dont need the advanced charting of Sierra , Ninja and EdgeProX are the other favourites
It's dxfeed. Seems to be new and used by prop firms.

But Rithmic is crap for me as well. Guess that's what happens when you live in country with no Rithmic server located there.

Will check out the options you stated when it's time to move on. Thanks.
  • #43,382
  • Oct 19, 2024 6:07am Oct 19, 2024 6:07am
Alpha Capital Groups unbelievable buisiness practices.

Hello my dear Traders , I would like to share my terrible experience with ACG as soon as I passed Phase 1&2.

Upon passing I received an email where I was told that I wont get an funded account because " You CLEARLY used prohibited trading strategies to exploit our price feed.

My Account Balance was at 54.800 out of 55.000 at the time i placed those "manipulative orders". These Trades were actually the last trades of my Account to pass the challenge. 3x 1 Lots on EurUsd and 4x 1 Lots on GbpUsd

Ive opened different positions in the same manner , no problem there because they were 5 lots? But as soon as u open a couple 1 Lot orders its Manipulative?

Ive traded a total of 780 Lots on that account , 140 total trades and those orders are the reason they terminated my Account.
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  • #43,383
  • Oct 19, 2024 7:34am Oct 19, 2024 7:34am
Quoting Stoneyrocks
{quote} they had much bigger discount for starter plan ?
they have a 20% off running for expert plan.. but for starter only 5%
Extreme gut feeling trader
  • #43,384
  • Oct 19, 2024 7:36am Oct 19, 2024 7:36am
What I do not like with MFFU is their scaling plan.

Not at all looking good.
Intraday only.
  • #43,385
  • Oct 19, 2024 8:05am Oct 19, 2024 8:05am
Quoting Capablanca
{quote} That's fcking impressive. There's no better advertisement than fast payouts.
MFFU payouts are very fast and also the path for live funded account [brokerage one] is well planned.
  • #43,386
  • Oct 19, 2024 9:01am Oct 19, 2024 9:01am
Scaling plans are just for show. Barely anyone touches them, it shouldn’t be a consideration
  • #43,387
  • Oct 19, 2024 9:25am Oct 19, 2024 9:25am
Quoting Takisd
Scaling plans are just for show. Barely anyone touches them, it shouldn’t be a consideration
my hands are limited to trade just 5 micros or 1 mni.

I can not even make 1 additional entry.

IMO, They should allow in SIM account also to trade 3 minis or 30 micros which is allowed for evals
Intraday only.
  • #43,388
  • Oct 19, 2024 10:32am Oct 19, 2024 10:32am
Quoting Yahya.Trade
Alpha Capital Groups unbelievable buisiness practices. Hello my dear Traders , I would like to share my terrible experience with ACG as soon as I passed Phase 1&2. Upon passing I received an email where I was told that I wont get an funded account because " You CLEARLY used prohibited trading strategies to exploit our price feed. My Account Balance was at 54.800 out of 55.000 at the time i placed those "manipulative orders". These Trades were actually the last trades of my Account to pass the challenge. 3x 1 Lots on EurUsd and 4x 1 Lots on GbpUsd...
That hidden rule from ACG is ridiculous only designed to failure hard earned funded accounts. They should not breach you because of that is my opinion. They 're scam.
  • #43,389
  • Oct 19, 2024 10:37am Oct 19, 2024 10:37am
Quoting Yahya.Trade
Alpha Capital Groups unbelievable buisiness practices. Hello my dear Traders , I would like to share my terrible experience with ACG as soon as I passed Phase 1&2. Upon passing I received an email where I was told that I wont get an funded account because " You CLEARLY used prohibited trading strategies to exploit our price feed. My Account Balance was at 54.800 out of 55.000 at the time i placed those "manipulative orders". These Trades were actually the last trades of my Account to pass the challenge. 3x 1 Lots on EurUsd and 4x 1 Lots on GbpUsd...
Unfortunate for you, but this is clearly stated as a banned trading practice. They probably could've removed the trades and made you trade another day, but they've been looking at ways to avoid funding or paying out recently.
Their reluctance to clearly define their policy on gambling or one-sided betting is worse. They'll cite it and reduce your payout and terminate your account or deny you a funded account. Should have a clearly stated "You are allowed to only risk X% on a trade. No equity drawdowns after this point is allowed, even if it recovers and doesn't breach the daily drawdown amount."
They were good before but clearly deteriorating for the past few months. Funded accounts were taking 7-10 working days to be issued and payouts were taking 2 working days to be approved.
  • #43,390
  • Oct 19, 2024 10:45am Oct 19, 2024 10:45am
Quoting TrAndy1
{quote} That hidden rule from ACG is ridiculous only designed to failure hard earned funded accounts. They should not breach you because of that is my opinion. They 're scam.
It isn't hidden, though. They've put it there for a couple of months now but it was vague, if I remember correctly. Not sure when they added the details as the page seems to have been updated recently:
https://help.alphacapitalgroup.uk/en...ing-strategies
  • #43,391
  • Edited 11:16am Oct 19, 2024 11:03am | Edited 11:16am
Quoting maltrader
{quote} It isn't hidden, though. They've put it there for a couple of months now but it was vague, if I remember correctly. Not sure when they added the details as the page seems to have been updated recently: https://help.alphacapitalgroup.uk/en...ing-strategies
I do not agree with that, it is still a hidden rule, because there is too much room for interpretation left. Maybe it is kind of half hidden rule, but still hidden kind of.

"Example of Order Book Spamming:
A trader entering multiple orders (e.g., 0.1 lots) in a short period instead of placing a single order with all the intended buying power (e.g., 1 lot). This activity can be seen as an attempt to manipulate the price feed in a simulated environment."

So they say you cannot replace 1 lot with 10 0.1 lot orders. But they do not say you cannot even replace 2 lots with 1 lot size each or in that above example of a breach that 3 lots replaced through 3 times 1 lot orders is already a breach. If they have clear internal rules hear, they should publish them too, otherwise the rule stays hidden.

Also what does short period of time mean here ? If you add 1 lot after 5 minutes or after 1 hour is that also as a short time period considered ? Or is that only considered as short time when a bigger or any payout is requested, or they do not want to issue a funded account at all ? It seems they will interprete it each time different, regarding of the outcome from traders perspective. You cannot trust those prop firms who has such rules. It is all the time questionable how strict they are.

The best is they have a contradictory rule of Stacking, which is explicitly allowed. How does it match with the other above rule, which is prohibited ? Too funny.

"Stacking is also allowed and is classified as having 3 or more open trades on the same instrument. This means you can concurrently have multiple positions in the same direction on the same asset." https://help.alphacapitalgroup.uk/en...g-and-stacking

So you can open 3 or more trades on the same instrument. But in any case you are replacing one bigger lot size with multiple lower lot size, which is always the case with Stacking then you are subject to no order book spamming rule. This is really ridiculous what I meant earlier. You cannot say this and that and then punish traders.

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A fresh review that Stacking is not allowed because it is always an attempt to manipulate prices from ACG perspective. This is ridiculous and scammy from ACG prop.
  • #43,392
  • Oct 19, 2024 1:28pm Oct 19, 2024 1:28pm
making progress...
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  • #43,393
  • Oct 19, 2024 4:30pm Oct 19, 2024 4:30pm
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  • #43,394
  • Edited 7:44pm Oct 19, 2024 4:37pm | Edited 7:44pm
This week, update from broker-backed prop firms for the 50k 1-step account, shows that the best pricing is still held by Blueberry Funded (234 USD). No firm offer a static profit target of +6% (except Axi +5% and The Forex Funder Axe +6%). Blueberry Funded still leading the way with -6% static total drawdown. No firm offer a time target 30 days.
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #43,395
  • Oct 19, 2024 5:09pm Oct 19, 2024 5:09pm
Quoting Stoneyrocks
https://www.youtube.com/watch?v=8k4CADFKZik
-I am curious if the 30% of profits rule will include your available draw-down (or be applied post-safety net), because if it doesn't, then this is an absolutely terrible rule. It's going to force people to over-trade in the beginning and potentially push people out of consistency. Hopefully, this will be better-explained in the interview.

Edit: It is not explained better in the interview. We need clarification on this.
  • #43,396
  • Oct 19, 2024 8:29pm Oct 19, 2024 8:29pm
Quoting montygoldy
Elite Trader funding has my attention with their new offering 20 Accounts Cheaper challenges than APEx but their activation is 150$ n more for bigger accounts Tradovate {image} {image} {image}
Well they have strict consistency rule. Each trading day should be alteast 23% of highest trading day and need atleast 10 trading days so you are looking around 1 month payout window.
  • #43,397
  • Oct 19, 2024 8:31pm Oct 19, 2024 8:31pm
Quoting Nsak3y
{quote}-I am curious if the 30% of profits rule will include your available draw-down (or be applied post-safety net), because if it doesn't, then this is an absolutely terrible rule. It's going to force people to over-trade in the beginning and potentially push people out of consistency. Hopefully, this will be better-explained in the interview. Edit: It is not explained better in the interview. We need clarification on this.
If common sense prevails it has to be above threshold otherwise whats the point let say if I make 100$ on first trading day I can loose only 30$ per trade on following day which is insane.
  • #43,398
  • Oct 19, 2024 11:51pm Oct 19, 2024 11:51pm
Apex new rules.
Safety net.
Again unclear - You can't risk more than 30% of your starting profits for the day on one trade
TrApex
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  • #43,399
  • Oct 20, 2024 12:09am Oct 20, 2024 12:09am
Summary in details from BrianStonk in X https://x.com/thebrianstonk/status/1847844126072463467
  • #43,400
  • Oct 20, 2024 2:04am Oct 20, 2024 2:04am
Quoting fx_rookie
Summary in details from BrianStonk in X https://x.com/thebrianstonk/status/1847844126072463467
I didn't understand those
- 6th withdrawal, 100% available -> What does it mean ?
- Safety net required—only profits above buffer can be requested. -> wasn't this already the case since the beginning ?

Let's see what comes up from this:
- Program to track MAE (Maximum Adverse Excursion) vs. realized profits.
It can be bad if wrongly implemented.
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