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  • #43,421
  • Oct 20, 2024 8:13pm Oct 20, 2024 8:13pm
Quoting TrAndy1
So anyone who is trading with Apex, are the new rules better or make it worse for you ? What is your opinion on that ? They should be effective since today now.
I would also like to hear from the experts in Apex, please.
Still have the funded Accounts there which I have not been using because I still have too many forex stuff in my plate. I just wanted to know if I should go there and kamikaze them.
  • #43,422
  • Oct 20, 2024 9:04pm Oct 20, 2024 9:04pm
Quoting Capablanca
{quote} I would also like to hear from the experts in Apex, please. Still have the funded Accounts there which I have not been using because I still have too many forex stuff in my plate. I just wanted to know if I should go there and kamikaze them.
Rules are great except I dont like 30% profit rule. It is still ambiguous they say one can't loose more than 30% per trade and since it is not daily DD I can still open same trade with another 30% SL and one more and wipe out account. Is that ok?
DCA is allowed but since it is future not FOREX. How they will calculate risk 5 profit 1 or 5:1 risk reward.
For example If I open one buy trade of MNQ at 20500 with SL of 50 pips and 10 pips target which is good but if I am in loss of 40 pips and I DCA and add one position with 10 pips target 50 pip stop and my second position TP hits since it is futures my first order SL is hit and my second order TP is still pending and I can go on for 500 pips drawdown and keep only 1 position open will they allow that?
  • #43,423
  • Oct 21, 2024 1:53am Oct 21, 2024 1:53am
New prop https://www.financemagnates.com/fore...ding-platform/
  • #43,424
  • Oct 21, 2024 2:31am Oct 21, 2024 2:31am
New prop from ATFX broker on the way...https://www.financemagnates.com/fore...s-in-november/
  • #43,425
  • Oct 21, 2024 2:40am Oct 21, 2024 2:40am
Inserted Video
  • #43,426
  • Oct 21, 2024 2:46am Oct 21, 2024 2:46am
Anyone trading with FastTrackTrading and waiting longer for his payout ? Please report here.
  • #43,427
  • Oct 21, 2024 3:39am Oct 21, 2024 3:39am
Quoting Capablanca
{quote} I would also like to hear from the experts in Apex, please. Still have the funded Accounts there which I have not been using because I still have too many forex stuff in my plate. I just wanted to know if I should go there and kamikaze them.
//-----

hey cap...... keep in mind, by no means am i a apex expert.....

however, most of the changes in no way will effect me...... there are 2 exceptions.....

the increased buffer amount now makes my 150k accounts less valuable to me...... admittedly only a minor inconvenience..... perhaps should have stuck with 25k's and 50k's......

the positive effect open dca will more than balance out any negative......

my contract size is always a single 1..... losses and profits are small..... so, i'm on the winning end of the changes......

just got back from a solid month of 19 hour days storm work in st pete area.....

anything apex can dream up will be a cake walk compared to that......h
to trade and code, keep both simple... no call to impress....h
  • #43,428
  • Oct 21, 2024 4:06am Oct 21, 2024 4:06am
Why you cannot trust Vantage prop firm ? Because they entire Vantage broker is only breakeven for years. They can hardly survive, see here
https://www.financemagnates.com/fore...duced-revenue/
  • #43,429
  • Oct 21, 2024 4:15am Oct 21, 2024 4:15am
Quoting hayseed
{quote} //----- hey cap...... keep in mind, by no means am i a apex expert..... however, most of the changes in no way will effect me...... there are 2 exceptions..... the increased buffer amount now makes my 150k accounts less valuable to me...... admittedly only a minor inconvenience..... perhaps should have stuck with 25k's and 50k's...... the positive effect open dca will more than balance out any negative...... my contract size is always a single 1..... losses and profits are small..... so, i'm on the winning end of the changes...... just got...
You should have swung by, I'm just north of there, maybe 6-7 miles north of Clearwater. Yes, St. Pete got hammered TWICE. The difference of being a couple miles inland as I am is HUGE.
  • #43,430
  • Oct 21, 2024 4:21am Oct 21, 2024 4:21am
Profit cap systems are nice for discipline but the good moves are limited
  • #43,431
  • Oct 21, 2024 4:31am Oct 21, 2024 4:31am
Another arbitrageur...
Inserted Video
  • #43,432
  • Oct 21, 2024 5:08am Oct 21, 2024 5:08am
Quoting hayseed
{quote} //----- hey cap...... keep in mind, by no means am i a apex expert..... however, most of the changes in no way will effect me...... there are 2 exceptions..... the increased buffer amount now makes my 150k accounts less valuable to me...... admittedly only a minor inconvenience..... perhaps should have stuck with 25k's and 50k's...... the positive effect open dca will more than balance out any negative...... my contract size is always a single 1..... losses and profits are small..... so, i'm on the winning end of the changes...... just got...
Well I look it in another way, bigger accounts are more beneficial now. For example with 150K account, Just withdraw 500$ instead of 2750 for 3 payouts make 50$ daily once reach threshold and after 6 payouts remove every thing instead of waiting for 4 months.
  • #43,433
  • Oct 21, 2024 6:31am Oct 21, 2024 6:31am
Quoting sampat
{quote} Well I look it in another way, bigger accounts are more beneficial now. For example with 150K account, Just withdraw 500$ instead of 2750 for 3 payouts make 50$ daily once reach threshold and after 6 payouts remove every thing instead of waiting for 4 months.
//-----

hey sampat...... thanks for that info.....

just looked fully into the '2750' amount you mentioned...... all this time i was thinking i needed to make the full original profit goals on the 150k and 300k accounts , 9000 and 20,000, again before requesting a payout...... and it's only 5100 and 7600......

now i really feel dumb......h

//--------

Quoting pipmaster77
{quote} You should have swung by, I'm just north of there, maybe 6-7 miles north of Clearwater. Yes, St. Pete got hammered TWICE. The difference of being a couple miles inland as I am is HUGE.
//-----

hey pip...... thought about it but your kinda a prisoner on storm jobs like that......

clearwater got sandblasted good...... we were at the st pete downtown hilton and tropicana base camp...... strange, none of the boats in the marina were damaged......

my trading has suffered heavily the past 3 weeks....... but nothing compared to the damage done by both those storms......h
to trade and code, keep both simple... no call to impress....h
  • #43,434
  • Oct 21, 2024 6:34am Oct 21, 2024 6:34am
Quoting Takisd
Profit cap systems are nice for discipline but the good moves are limited
ideal for short term traders, scalpers

E8 has 1 step with daily 2% cap just like Myfundedfx , any others I have missed ?
  • #43,435
  • Oct 21, 2024 6:40am Oct 21, 2024 6:40am
Quoting Stoneyrocks
{quote} ideal for short term traders, scalpers E8 has 1 step with daily 2% cap just like Myfundedfx , any others I have missed ?
Not that i am aware, i have both accounts. Both hit cap today but could have hit 2x cap if there was no cap and my fingers are itchy.
  • #43,436
  • Oct 21, 2024 8:16am Oct 21, 2024 8:16am
My take on APEX.......

Opinion -

1. Need to build threshold - then payout afterward profits (I have personally no issue with that but it'll hurt apex alot as its their main USP otherwise why would anyone pay for intra trailing drawdown firm as there are so many offering End of day which are cheaper as well)
2. They are becoming similar to Elitetraderfrunding/bulenox kinda firms too many rules to work with to get a payout..... whereas the industry is moving in the other direction making things simpler.

THey should have taken pointers from topstep/mffu.....
Extreme gut feeling trader
  • #43,437
  • Oct 21, 2024 8:42am Oct 21, 2024 8:42am
Quoting Takisd
{quote} Not that i am aware, i have both accounts. Both hit cap today but could have hit 2x cap if there was no cap and my fingers are itchy.
which copier do you use , if any ?
  • #43,438
  • Oct 21, 2024 8:45am Oct 21, 2024 8:45am
Quoting montygoldy
My take on APEX....... Opinion - 1. Need to build threshold - then payout afterward profits (I have personally no issue with that but it'll hurt apex alot as its their main USP otherwise why would anyone pay for intra trailing drawdown firm as there are so many offering End of day which are cheaper as well) 2. They are becoming similar to Elitetraderfrunding/bulenox kinda firms too many rules to work with to get a payout..... whereas the industry is moving in the other direction making things simpler. THey should have taken pointers from topstep/mffu.....
Thats the price for having 20 accounts , MyFF and Top step has 5 and 3 instead of 20.
  • #43,439
  • Oct 21, 2024 8:51am Oct 21, 2024 8:51am
Quoting sampat
{quote} Thats the price for having 20 accounts , MyFF and Top step has 5 and 3 instead of 20.
Elitetraderfudning also giving 20 accounts in their new promotion... the thing is 20 accounts not gonna keep them apart from rest of competition... In my eyes now they are not leaders anymore just any regular firm..... Their hype gonna die soon if they keep on this path....
Thats my 2 cents...
Extreme gut feeling trader
  • #43,440
  • Oct 21, 2024 8:52am Oct 21, 2024 8:52am
Quoting montygoldy
{quote} Elitetraderfudning also giving 20 accounts in their new promotion... the thing is 20 accounts not gonna keep them apart from rest of competition... In my eyes now they are not leaders anymore just any regular firm..... Their hype gonna die soon if they keep on this path.... Thats my 2 cents...
Yep they have lot more options EOD and Diamond etc.
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