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Anyone trading with a Prop firm 31 replies

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  • #26,881
  • Dec 2, 2023 9:27am Dec 2, 2023 9:27am
[quote=coastie0194;14676040]I just started a 100K account challenge account with ACG,

Hi coastie, did you get an email from them after your purchase giving you the credentials i.e. link to download platform, account nbr, and log in details.

I bought a challenge with them last friday 24th but not hearing from them. I've sent them several emails only got one reply back stating that
everything is in the dashboard. I went to dashboard to sign in and fill out their form but they request for a "referal code" at the bottom of the page. Do you know what this code is or where to get it from. thanks mate..
I'm not too familiar with all this stuff, only had one account with MFF and they were straight forward and simple. Hoping they come back as my account is still live with them.
  • #26,882
  • Edited 10:06am Dec 2, 2023 9:46am | Edited 10:06am
Quoting Capablanca
{quote} I wonder if you will resist 3 months to receive the payout GL mate !
Cap is lifted after 3 months. You can withdrawal anytime after you hit $52,600 (on 50K) account. DD becomes static at that point. So your first $2,500 becomes your DD. If you wish to keep it at $2,500, you can withdrawal anything above $52,600, although minimum withdrawal is $500.
You may also pass eval, get to $52,600 and w/d $2,000, only leaving $500 DD. This would be, IMO, a 2 stage process to pay $17+ $85 to make $2,000.
Now, being you must 1.2 to pass eval and then essentially flip to get that 2K payout, the math makes more sense to pass, flip and flip again to get your payout and retain $2,500 DD.
If you keep rinse and repeat you must 1.2 AND flip everytime to get payout and start over every time, where 1.2 and flip 2x, your DD is static and you juust withdrawal whatever you earn.
You can also just 1.2 and flip 1x and then just withdrawal every time you make $500, $1,000, whatever, you are NOT REQUIRED to withdrawal 2K, it is just the cap first 3 months. Now, keeping in mind, you may do this across 20 accounts, $500 per account is not a horrible bi-weekly payout.
Least risk strategy......buy 1 at $16.70, pass, pay the $140, take first $3000 profit, buy 19 more at discount and the 3K covers the eval and lifetime fee for all.
You now have 50K DD (we know how to get it static) and you have risked $16.70.
Of course, we could throw that $16.70 into a persoanl account and turn it into 50K MUCH QUICKER
Of course, somebody is going to come along now and say....PROP BAD, BROKER GOOD, RISK PERSONAL FUNDS INSTEAD
  • #26,883
  • Dec 2, 2023 10:11am Dec 2, 2023 10:11am
Quoting pipmaster77
{quote}Now, keeping in mind, you may do this across 20 accounts, $500 per account is not a horrible bi-weekly payout.
Thats the crux of the game right there. Make $500 a day then stop. Easy af to get there during RTH on indices.
Trade with confidence, trade without fear.
  • #26,884
  • Edited 10:52am Dec 2, 2023 10:26am | Edited 10:52am
Quoting pipmaster77
{quote} Cap is lifted after 3 months. You can withdrawal anytime after you hit $52,600 (on 50K) account. DD becomes static at that point. So your first $2,500 becomes your DD. If you wish to keep it at $2,500, you can withdrawal anything above $52,600, although minimum withdrawal is $500. You may also pass eval, get to $52,600 and w/d $2,000, only leaving $500 DD. This would be, IMO, a 2 stage process to pay $17+ $85 to make $2,000. Now, being you must 1.2 to pass eval and then essentially flip to get that 2K payout, the math makes more sense to...
will work , as long many hundred or many thousand people will lose this game fee (if they also take the discount game fee) you play there for your win, or they cant pay out because there is no money inside to pay out. thats the game.
but your plan is unrisky and sounds smart.

who did say prop are bad until now? they are just like casino style business, so of course different to a broker. games and trading are 2 separate markets.
the fake marketing and a lot of fake big winners are maybe bad, but thats an other story.
not allowing any negative reviews or talk about them also makes them very untrustful, but so bad marketing works and another rule to delete accounts.
for sure a big network of people fake speak good about their payments and fake reports are helping such companies for their marketing, but never was different in such a business.

but like you told, you risk very low money , so no risk at all and your plan sounds smart.
  • #26,885
  • Dec 2, 2023 10:28am Dec 2, 2023 10:28am
Quoting pipmaster77
{quote} Cap is lifted after 3 months. You can withdrawal anytime after you hit $52,600 (on 50K) account. DD becomes static at that point. So your first $2,500 becomes your DD. If you wish to keep it at $2,500, you can withdrawal anything above $52,600, although minimum withdrawal is $500. You may also pass eval, get to $52,600 and w/d $2,000, only leaving $500 DD. This would be, IMO, a 2 stage process to pay $17+ $85 to make $2,000. Now, being you must 1.2 to pass eval and then essentially flip to get that 2K payout, the math makes more sense to...
This is excellent stuff Pip !
I hadn't even realized that we don't need to wait 3 months for withdraw (that's why I was joking at our Expo33 mate). What happens at month 3 is the waive of the cap. Good, it's even better than I thought !

I just didn't get when you say this:
"You now have 50K DD (we know how to get it static)"
  • #26,886
  • Dec 2, 2023 10:31am Dec 2, 2023 10:31am
Quoting Cryptosurf
{quote} Thats the crux of the game right there. Make $500 a day then stop. Easy af to get there during RTH on indices.
Pip was speaking about $500 per bi-weekly withdraw and then you come and say $500 day. I'm surrounded by greedy animals. I even feel sorry for the Apex guys

Jokes apart, this fck* thing of the trailing stop is really a beast difficult to manage.
  • #26,887
  • Dec 2, 2023 10:40am Dec 2, 2023 10:40am
Quoting Capablanca
{quote} I wonder if you will resist 3 months to receive the payout GL mate !
Thanks!

I'll take a look at all the rules and withdrawal requirements over the weekend,

You know my motto, buy now, read the rules later.
Pride always comes before destruction.... -Proverbs 16:18
  • #26,888
  • Dec 2, 2023 11:15am Dec 2, 2023 11:15am
Quoting pipmaster77
{quote} Cap is lifted after 3 months. You can withdrawal anytime after you hit $52,600 (on 50K) account. DD becomes static at that point. So your first $2,500 becomes your DD. If you wish to keep it at $2,500, you can withdrawal anything above $52,600, although minimum withdrawal is $500. You may also pass eval, get to $52,600 and w/d $2,000, only leaving $500 DD. This would be, IMO, a 2 stage process to pay $17+ $85 to make $2,000. Now, being you must 1.2 to pass eval and then essentially flip to get that 2K payout, the math makes more sense to...
You know they are rambling in a full page with very big caps, flashy font colors and angry smileys (ok i lied for this one) about how they hate what they call "withdrawal strategies" and that they would be cruel if they spot some traders playing them... I dunno if this is what they are thinking about
Don't give up on your dreams. Keep sleeping.
  • #26,889
  • Dec 2, 2023 11:56am Dec 2, 2023 11:56am
Quoting Capablanca
{quote} Pip was speaking about $500 per bi-weekly withdraw and then you come and say $500 day. I'm surrounded by greedy animals. I even feel sorry for the Apex guys Jokes apart, this fck* thing of the trailing stop is really a beast difficult to manage.
If you know how to play the game, then its mind numbingly easy. Every single day.

Attached Image (click to enlarge)
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Trade with confidence, trade without fear.
  • #26,890
  • Dec 2, 2023 12:44pm Dec 2, 2023 12:44pm
This is fck*ing unbelievable. As it is public holiday in UAE Funding Pips doesn't allow to trade normally, only closing trades.

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  • #26,891
  • Edited 8:18pm Dec 2, 2023 1:52pm | Edited 8:18pm
Quoting lddd
{quote} Discord is for teens with too much time. There is a discord for everything nowadays. Total waste of life time in my opinion but you might realize that if you become a little older.
yea but still a good source of info from the community (real product using people) opinions, any issues or anything whatsoever rather than a random guy saying heavenly things on Trustpilot review.
Extreme gut feeling trader
  • #26,892
  • Dec 2, 2023 2:54pm Dec 2, 2023 2:54pm
Quoting Capablanca
This is fck*ing unbelievable. As it is public holiday in UAE Funding Pips doesn't allow to trade normally, only closing trades. {image}
Losing one trading day is not the end of the world, especially if there are no time limits for challenges, but it starts a very bad precedent when there is not even one business day's notice and they are shutting down trader's accounts on a day a worldwide market is open. These things just are not done in international markets, and it looks very unprofessional. If the market is open, trading should be open, barring an emergency like a server crash. Take the day off for staff and tech support, absolutely, 100% agree--go enjoy a holiday! But if the market is open, trading should still be open. I would hate to see this become a new norm for every prop firm or broker in every country, so a public complaint like this should be made so the practice is not repeated. Thankfully people can at least close trades on Monday, or there would be a real outrage. But hey, it's their money ["simulated", fake money anyway], and their rules, so obviously they can do whatever they want. And we can say whatever we want about it and avoid using them in the future, and so I have.
  • #26,893
  • Dec 2, 2023 3:21pm Dec 2, 2023 3:21pm
Quoting AaronPriest
{quote} Losing one trading day is not the end of the world, especially if there are no time limits for challenges, but it starts a very bad precedent when there is not even one business day's notice and they are shutting down trader's accounts on a day a worldwide market is open. These things just are not done in international markets, and it looks very unprofessional. If the market is open, trading should be open, barring an emergency like a server crash. Take the day off for staff and tech support, absolutely, 100% agree--go enjoy a holiday! But...
Yep, nobody dies for not trading one day but it's pretty ridiculous. And it's not just one day because now you need to know all UEA holidays. Imagine that all the others do the same.
At some point we have to track the holidays of the indexes themselves (US, Europe and others), the red news and the public holidays in US, Hungary, Czech Republic, UAE, UK, Spain and wherever there are props.
Imagine, even more ridiculous, that real brokers do the same. At some point we need to know all the holidays in those small offshore islands
  • #26,894
  • Dec 2, 2023 3:28pm Dec 2, 2023 3:28pm
Quoting Capablanca
{quote} Yep, nobody dies for not trading one day but it's pretty ridiculous. And it's not just one day because now you need to know all UEA holidays. Imagine that all the others do the same. At some point we have to track the holidays of the indexes themselves (US, Europe and others), the red news and the public holidays in US, Hungary, Czech Republic, UAE, UK, Spain and wherever there are props. Imagine, even more ridiculous, that real brokers do the same. At some point we need to know all the holidays in those small offshore islands ...
Yup, that right there is why I said a very public complaint should be made. Because if this becomes a precedent, it's bad for the entire industry. It's pretty ridiculous indeed!
  • #26,895
  • Dec 2, 2023 4:18pm Dec 2, 2023 4:18pm
Quoting youngD
{quote} Your post is all about me 3 years ago. And I still face this problems. It's more about your personality and accumulated emotions I believe. You really need to spend time to recognise your C game (overtrading, lack of patience etc.) B game (average) and A game (best emotional balance, trading right way). The catch is you want to be the best all the time, but the most reasonable is balancing around B and A game and not fall to often to C game, and the most important is progress within C game. This is job I done. Now C game for me is for example...
Hey Young, you couldn't have said it better. Appreciate the feedback!
  • #26,896
  • Edited 4:30pm Dec 2, 2023 4:20pm | Edited 4:30pm
Quoting AaronPriest
{quote} Losing one trading day is not the end of the world, especially if there are no time limits for challenges, but it starts a very bad precedent when there is not even one business day's notice and they are shutting down trader's accounts on a day a worldwide market is open. These things just are not done in international markets, and it looks very unprofessional. If the market is open, trading should be open, barring an emergency like a server crash. Take the day off for staff and tech support, absolutely, 100% agree--go enjoy a holiday! But...
if they dont have intern or technical stuff working this day, they cant react to how people trade to merge risk perfect by slippage and bring some accounts down by just normal b book market maker tricks. its a lose situation for a game or b book broker, when noone works on this day. stop to think about a game like about a normal broker, in a game constructed like the social props you want and you need to bring the players in loss and down, thats what you need to do to win, so you cant let it be uncontrolled. thats the reality in such a game any day.

this celebration day is quite big in this area. all banks closed too.

think as basic rule with prop : anything you can imagine what will make you lose will get integrated (fake marketing, fake winners,any rules to make you negative edge (so you need to have bigger edge to come over this)....all what sounds not to bad or crazy, best to integrate is always something you can double name as a positive thing by try to improve this and this...) and what will let prop Company lose will get avoided (time of no employers in house, big winners, less money coming then then out this month,....)
  • #26,897
  • Dec 2, 2023 4:24pm Dec 2, 2023 4:24pm
Quoting Lrg
Quoting coastie0194
I just started a 100K account challenge account with ACG, Hi coastie, did you get an email from them after your purchase giving you the credentials i.e. link to download platform, account nbr, and log in details. I bought a challenge with them last friday 24th but not hearing from them. I've sent them several emails only got one reply back stating that everything is in the dashboard. I went to dashboard to sign in and fill out their form but they request for a "referal code" at the bottom of the page. Do you know what
...
Hi Lrg, I received the email immediately after I made the purchase. Your situation doesn't sound normal and it's unfortunate that no one replied. I used the November 20% discount at the top of main page. Hopefully it's resovled soon.
  • #26,898
  • Dec 2, 2023 4:29pm Dec 2, 2023 4:29pm
Quoting Trader191
{quote} take a strategy that match your mind (like montygoldy did), and not change the mind to the strategy. any strategy is easy to design to match youself! thatswhy copy others dont work. always think logic, thats the biggest advantage in trading. like with props: when props show even coaching inside their website, when they have a lot of statistics, a lot of whatever trader can help.... then only because of one reason: they know their statistical house rule advantages are so big that this will be not enough to help the traders (so that they need...
Yes, I usually wait for UJ to trade near or bounce off a DPP around 7pm to 10pm. I have a couple of moving averages and that's it. I try to keep the chart clean. I've debated removing the MAs but they prove useful when the PP and MAs line up. I also watch CJ as it correlates most days with UJ. When both of those pairs are at the same PP, whether bullish or bearish, at the same time, it's usually a solid trade. My goal is 240 pips a month and if I'm patient and wait on the setup, I will pull money out the market. When I chase or take those "C" setup Young mentioned is when the market hands me my ass. Then I revenge trade and dig a deeper hole. That I'm working on daily.
  • #26,899
  • Dec 2, 2023 4:32pm Dec 2, 2023 4:32pm
Quoting montygoldy
{quote} yeps buddy i have planned alot after finishing the current 600k worth of challenges going to buy atleast 1million worth of more challenges. I do manual trading so cant handle more than 5 accounts at a time…so far except the 1 pip slippage all the firms are used are good
Yes, I was going to use social trader but opted to manual trade to prevent any issues with copy trading.
  • #26,900
  • Dec 2, 2023 4:33pm Dec 2, 2023 4:33pm
Quoting coastie0194
{quote} Yes, I usually wait for UJ to trade near or bounce off a DPP around 7pm to 10pm. I have a couple of moving averages and that's it. I try to keep the chart clean. I've debated removing the MAs but they prove useful when the PP and MAs line up. I also watch CJ as it correlates most days with UJ. When both of those pairs are at the same PP, whether bullish or bearish, at the same time, it's usually a solid trade. My goal is 240 pips a month and if I'm patient and wait on the setup, I will pull money out the market. When I chase or take those...
its american time 7-10 pm or? so japan market open time?
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