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  • #15,621
  • May 12, 2023 8:16am May 12, 2023 8:16am
Quoting pipmaster77
{quote} Yes, that would be the other issue. Scale into a winner and overall position goes against you. The first issue is they are defing any second entry onto a losing position as martinglae. THIS IS NOT MARTINGALE. Not sure about everyone else, but almost all of my positions have more than one entry, I can then peel on and off as I see fit. So what they are saying is I can go 5 lots on a single entry, and risk say 2%, but I cannot have 5 entries of 1 lot each at 0.4% risk per (same 2%) risk? Guess what firm I will NEVER be using?
Yep, and you can't change strategy from challenge phase to funding. So if the market was trending when you pass the challenge you have to keep trading like a trend follower despite the market is going sideways now.

These BeSpoke guys understand zero about trading.
  • #15,622
  • May 12, 2023 8:17am May 12, 2023 8:17am
Quoting Capablanca
{quote} Yep, even with the old red news they were always very elusive until admitting that red news were affecting all trades and not just the related instruments (this rule was eliminated now, just to be clear). I wonder where did you see that grid is forbidden ? I know it is but I could not find anything in their site when Vitore mentioned the problem with them. I could only find the rules I stated here but none are grid. Do you have a link or a quote for that ? Thanks....
It's under the FAQ on their website, under "Can I use an Expert Advisor". They mention Grid / Martingale.
  • #15,623
  • May 12, 2023 8:19am May 12, 2023 8:19am
Quoting Capablanca
{quote} Yep, and you can't change strategy from challenge phase to funding. So if the market was trending when you pass the challenge you have to keep trading like a trend follower despite the market is going sideways now. These BeSpoke guys understand zero about trading.
Ugh. That's too bad, because the rest of their rules are actually very good. But you know what they say about "too good"...
  • #15,624
  • May 12, 2023 8:21am May 12, 2023 8:21am
Quoting Capablanca
{quote} BeSpoke Funding

thanks
  • #15,625
  • May 12, 2023 8:24am May 12, 2023 8:24am
Quoting AaronPriest
{quote} It's under the FAQ on their website, under "Can I use an Expert Advisor". They mention Grid / Martingale.
Thanks, I have not noticed that because I don't use EA and so I have not read that section.

Hummmm.....

Yes, you can trade using an Expert Advisor. We do not allow any malicious expert advisors such as:

  1. HFT
  2. Grid / Martingale
  3. Arbitrage
  4. Tick scalping


What about grid trading manually ? It's not stated anywhere that grid trading (manual) is fobidden. It's stated for DCA and martingale but not for grid.
And how much grid is grid ? How many positions.

This is the kind of prop to avoid. Too vague rules.

  • #15,626
  • May 12, 2023 8:31am May 12, 2023 8:31am
Quoting Capablanca
{quote} Yep, and you can't change strategy from challenge phase to funding. So if the market was trending when you pass the challenge you have to keep trading like a trend follower despite the market is going sideways now. These BeSpoke guys understand zero about trading.
Their CEO tried to explain that this is their protection against passing eval using HFT EA and then trading manually the funded account. But it is nowhere stated in their T&C. So they are free to apply it to any slightest change in your strategy and, after the whole month of profit generation, just fu*k up with you saying you hard breached their rules. Losers who are scared of profitable traders as they might cost them a fortune.

It was funny watching their CEO to start posting the payout proofs on the telegram channel worth $418, $646, one even $1,586 when I was rejected a fee refund bonus of $6,000 just for the qualification. Should they allow me to trade for the first month I would help them pay out at least 30K+ more. I think this answers all potential questions about their business model. You are allowed either to fail or to win small with them. Profitable traders not wanted.

Also interesting is that all 3 payout proofs (only a few hours old) contained full names. I'm sure they assured the traders' consents prior posting it
Money is made by sitting, not trading
  • #15,627
  • May 12, 2023 8:51am May 12, 2023 8:51am
Quoting smiley1910
{quote} Jeez, following the price in the trend direction(in BFP terms) would be more dangerous than scaling in since your SL has to get bigger instead of smaller. That makes no sense if you like to spread orders through an orderblock/fibs levels.
Exactly. Some firms are simply NOT TRADER FRIENDLY.
  • #15,628
  • May 12, 2023 8:55am May 12, 2023 8:55am
Quoting Capablanca
{quote} Yep, and you can't change strategy from challenge phase to funding. So if the market was trending when you pass the challenge you have to keep trading like a trend follower despite the market is going sideways now. These BeSpoke guys understand zero about trading.
Yes, would never work for me. Forex I am more of a swing trader, indices I only day trade. Sometimes I may go heavier, close half at 10 pips and set SL to be and hope for a runner. The point is......I CONTROL MY RISK. As long as that risk doesn't cause me to violate my daily max or overall drawdown, I SHOULD NOT HAVE ANY ISSUES.
I will ONLY use firms where the above is true.
  • #15,629
  • May 12, 2023 9:07am May 12, 2023 9:07am
Quoting Vitore
{quote} Their CEO tried to explain that this is their protection against passing eval using HFT EA and then trading manually the funded account. But it is nowhere stated in their T&C. So they are free to apply it to any slightest change in your strategy and, after the whole month of profit generation, just fu*k up with you saying you hard breached their rules. Losers who are scared of profitable traders as they might cost them a fortune. It was funny watching their CEO to start posting the payout proofs on the telegram channel worth $418, $646,...
Protection of passing one way and trading live another?
YOU HAVE TO.......I do not trade live trying to flip an account in 30-45 days. Man, some of these firms are truly a joke. Hey, flip this account in 30-45 days, then some say if you do that live it is "too risky", other firm says you need to keep trading that way or it's different strat.
Simpe rules are the way to go........challenge....make x%, can't lose x%.......live.....trade how you wish, just don't lose x%. If the firm is smart and has "real market conditions", the trade as you wish will still not allow cheating, if they do not have real live conditions, it is their own fault and they probably shouldn't be in this business OR they are just looking to scam people.
This has become way more difficult than it should be.
  • #15,630
  • May 12, 2023 9:12am May 12, 2023 9:12am
TFT owner has gone full clown mode with the instagram style "No one knows how hard the grind is" like posts and "we are amazing posts" meanwhile their trustpilot is dead because they decided their promotion isnt financially viable so killing everyones account is the only way to go.
  • #15,631
  • May 12, 2023 9:38am May 12, 2023 9:38am
Quoting Takisd
TFT owner has gone full clown mode with the instagram style "No one knows how hard the grind is" like posts and "we are amazing posts" meanwhile their trustpilot is dead because they decided their promotion isnt financially viable so killing everyones account is the only way to go.
Do you think the slippage failure is intentional or consequence of ignorance/incompetence of bad server config. deployment on his teams part? My wishful thinking is the second, my fear is the first.
  • #15,632
  • May 12, 2023 9:53am May 12, 2023 9:53am
Quoting smiley1910
That's a bizarre rule, I used lower tf's with limit orders to help cut spreads and slippage so another prop to avoid.
-Yes. The example that they provide is reasonable, however, without additional clarification on the rule, it could easily be applied to any case where limit orders are used, which is nuts.
  • #15,633
  • May 12, 2023 9:58am May 12, 2023 9:58am
Quoting Capablanca
Yep, and you can't change strategy from challenge phase to funding.
-Having a rule like this is so unbelievable. Not only is it unwise to continue trading the same way, but they could claim that anything is different if it's not exactly the same.
  • #15,634
  • May 12, 2023 10:04am May 12, 2023 10:04am
Quoting Takisd
TFT owner has gone full clown mode with the instagram style "No one knows how hard the grind is"
-You are either very brave and unmovable or very insane to spend so much time in discord and on instagram.

"No one knows how hard the grind is"...

Just ugh.
  • #15,635
  • May 12, 2023 10:40am May 12, 2023 10:40am
Quoting solarpower
{quote} Do you think the slippage failure is intentional or consequence of ignorance/incompetence of bad server config. deployment on his teams part? My wishful thinking is the second, my fear is the first.
In this case it seems intentional. The margin on prop accounts is not 50% so giving 50% discount is just stupid.
  • #15,636
  • May 12, 2023 10:40am May 12, 2023 10:40am
Quoting solarpower
{quote} Do you think the slippage failure is intentional or consequence of ignorance/incompetence of bad server config. deployment on his teams part? My wishful thinking is the second, my fear is the first.
I see very different slippage in all 8cap props (and I'm trading several of them). Which shows that this is something clearly parametrized.
I remember that Funded Next was ALWAYS around 1.2 pips, no matter I traded 0.1 lot or 5 lots EURUSD.
Now in TFT seems to have happened a terrible parametrization because it is not acceptable that they charge 2.x pips per 0.5 lots EURUSD. They will start to be flogged if they do that.
  • #15,637
  • May 12, 2023 10:40am May 12, 2023 10:40am
Quoting Nsak3y
{quote}-You are either very brave and unmovable or very insane to spend so much time in discord and on instagram. "No one knows how hard the grind is"... Just ugh.
I have nothing else to do lately i completed my contracts waiting for swimming weather.
  • #15,638
  • May 12, 2023 10:50am May 12, 2023 10:50am
Quoting Takisd
I have nothing else to do lately i completed my contracts waiting for swimming weather.
-No indoor pool and lambo?
  • #15,639
  • May 12, 2023 10:58am May 12, 2023 10:58am
Quoting Nsak3y
{quote}-No indoor pool and lambo?
I;m a forex trader not a drug dealer.
  • #15,640
  • May 12, 2023 11:45am May 12, 2023 11:45am
Good news.

Angelo posted:

"Dear TFT Community, I would like to personally address the recent changes that have been implemented on our platform. We have listened to your concerns and have promptly reverted the settings back to their previous state. Our team is committed to investigating the potential issues that may have arisen during the implementation of the new conditions. At this time, we are focused on conducting a thorough internal assessment to ensure that any future changes are carefully tested and evaluated before they are introduced. We understand that communication is key in this process and will provide advance notice of any upcoming adjustments to our platform. ................"

Emphasis is mine.

It seems they were experimenting and realized a mistake.
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