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Anyone trading with a Prop firm 6 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
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Prop Firm Hub

Quoting TraderTero
{quote} CFTC claimed MFF being fraud so I don't see their statement making any difference. It might actually be worse for the props as they also state focusing on going after fraudsters and most probably consider props being such.
I think the statement means they will only chase slam dunk that makes them financially happy. Prop is not slam dunk unless it is TFT or SFT type company
Quoting genuine007
{quote} He is on silence mode which is really benefiting him to focus on hunting out the future space. He made goals like 1 million profits this year. So I think he is totally focused on his goals. TURNING DREAMS INTO REALITY - montygoldy
There are few honest firms, one can trust.

MFFU, Tradeify are the ones I know of. People talk Topstep as great but I never traded with them for futures.

On FX front ( prop firm ), I am completely out now.
Intraday only.
Quoting navk
{quote} There are few honest firms, one can trust. MFFU, Tradeify are the ones I know of. People talk Topstep as great but I never traded with them for futures. On FX front ( prop firm ), I am completely out now.
I know you know all of them. FTMO is fine for forex. And importantly - Darwinex has no DD limit. Not only forex.

Forum:

https://www.forexfactory.com/thread/...win-discussion
Quoting navk
{quote} There are few honest firms, one can trust. MFFU, Tradeify are the ones I know of. People talk Topstep as great but I never traded with them for futures. On FX front ( prop firm ), I am completely out now.
How is this possible that you don't trust any forex prop firm now?
Do you think that forex props don't pay?
Is darwinex style model with highest payout split more interesting than 2phase?
Quoting Takisd
Is darwinex style model with highest payout split more interesting than 2phase?
Not profitable as other PROP firms. But because there is no DD limit you do not leave anything to chance.
Quoting deroty
{quote} Not profitable as other PROP firms. But because there is no DD limit you do not leave anything to chance.
My question is if it is same model darwinex but with 60% profit split is it more interesting?
Quoting Takisd
Is darwinex style model with highest payout split more interesting than 2phase?
yes no doubt, complete trading freedom - no rules
one worries only about loss, margin and profits...in that order
PVSRA
Quoting Fisher755
{quote} yes no doubt, complete trading freedom - no rules one worries only about loss, margin and profits...in that order
and the scoring system. This is key to make it not stupid for a prop firm
Quoting Takisd
{quote} and the scoring system. This is key to make it not stupid for a prop firm
Yes, but scoring Psyquation also had and it was not as good as Darwinex because of one important difference - the risk engine. It is brillant solution against luck and scammers - and overtrading. If a trader gets punished everytime he overtrades or trades too much assimetric- Darwinex cuts excessive risk, he will learn to adopt to the right margin in time. This way they protect investors and the traders in the aftermath - let's take your example when you were drunk - the story you were telling once: If you would trade Darwinex account back then they would limit your loss by much because excessive risk would not be copied to signal account. They would cut it right away for you. Martingale is also punished much- that's why we can hear the traders cry about it.

Because of risk engine you need no extra rules.
PVSRA
Quoting Fisher755
{quote} Yes, but scoring Psyquation also had and it was not as good as Darwinex because of one important difference - the risk engine. It is brillant solution against luck and scammers - and overtrading. If a trader gets punished everytime he overtrades or trades too much assimetric- Darwinex cuts excessive risk, he will learn to adopt to the right margin in time. This way they protect investors and the traders in the aftermath - let's take your example when you were drunk - the story you were telling once: If you would trade Darwinex account back...
Right so risk engine will take a position that is a "tall poppy" position size and cut it down.
Quoting Takisd
{quote} Right so risk engine will take a position that is a "tall poppy" position size and cut it down.
It levels up all traders to the same margin% , which is 6.5:1 for the risk engine to be at 1.0. You should try that shit out really. I played with it much at the start until I tested all the possibilities around it.
PVSRA
Darwinex's risk engine, in simple terms, calculates a range of 3.25% minimum to 6.50% maximum per month (using monthly VAR). So, let's say there are 21 trading days in a month; the minimum position to open per day is 0.15%, and the maximum is 0.31%. That’s my conclusion based on my understanding and some exp.
And, behold, with every hardship comes ease:
  • #46,734
  • Quote
  • Edited 5:40pm Feb 8, 2025 5:29pm | Edited 5:40pm
Quoting RoelsMajor
Darwinex's risk engine, in simple terms, calculates a range of 3.25% minimum to 6.50% maximum per month (using monthly VAR). So, let's say there are 21 trading days in a month; the minimum position to open per day is 0.15%, and the maximum is 0.31%. That’s my conclusion based on my understanding and some exp.
No, this is oversimplified and overaveraged. One can take 1% risk per trade without any problem. The margin you use cannot excede much for long and also if your risk engine is at 1.0 for example they will cut your signal account trade if you excede your average margin by too much, especialy overnight and over the weekend but also at scalps of course. That's why it is very very hard to get to 5% constant monthly profits unles you are trading stocks , but is it also damn hard to get to 10% DD.
PVSRA
I feel like both of you said different things but the consistent part seems to be that its a margin usage calculation.
Quoting Takisd
I feel like both of you said different things but the consistent part seems to be that its a margin usage calculation.
I only listen when she speaks; I don’t dare to argue or challenge her. I think I’ll reconsider later. Ahem.
And, behold, with every hardship comes ease:
  • #46,737
  • Quote
  • Edited 6:50pm Feb 8, 2025 6:33pm | Edited 6:50pm
Quoting genuine007
{quote} How is this possible that you don't trust any forex prop firm now? Do you think that forex props don't pay?
FTMO and of course MFF were paying and paid me in the past.

FXIFY paid me once.

Now, I am out of all FX Prop firms

And after 3 months practice with futures, my first payout req . 3k is denied by tickticktrades.

I am now with futures elite. Currently have one 100 k funded account and one 100k eval account
Intraday only.
  • #46,738
  • Quote
  • Edited 6:51pm Feb 8, 2025 6:40pm | Edited 6:51pm
I am currently chatting with a person who traded 3 nos 150k account with ticticktrader.com
He earned 7700 $ + in all three accounts. ( 23k + )

His payout request is denied.

Lots of issues going in discord about this firm.

Real scammers
Intraday only.
Quoting navk
I am currently chatting with a person who traded 3 nos 150k account with ticticktrader.com He earned 7700 $ + in all three accounts. His payout request is denied. Lots of issues going in discord about this firm. Real scammers
How much is one account plus the activation fee?
And, behold, with every hardship comes ease:
Quoting RoelsMajor
{quote} How much is one account plus the activation fee?
It is 450 +
Intraday only.
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