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  • #28,121
  • Jan 11, 2024 3:29pm Jan 11, 2024 3:29pm
Quoting Expo33
{quote} It's still irrelevant. A trader winning or losing has nothing to do with the prop firm's business model. A, B, C, LGBTQ+ alphabet soup booking does not affect a trader's results. Like I've said before, the average retail trader is a moron with a victim mentality which is on full display in this thread. Not you, of course, you're amazing!
Expo33,
So true. The world is becoming more littered with victims every day. When they lose its always the brokers fault & when their losing can't be tied to the broker, they are victims of the system. It is never the victim fault. How many of those illegals be of the victim mentality? A hell of a mess we have.
  • #28,122
  • Jan 11, 2024 3:40pm Jan 11, 2024 3:40pm
Next Monday I had planned to sign up with FTMO for their 50K challenge, well we all know how that turned out. Now I'm considering E8 or the 5ers as an alternative.
So, one more time from you that are far more experienced in the prop arena which would be the better choice? The 5ers has my interest at the moment.

If I try one of these & fail the challenge, I will just go away from forex market & continue with futures trading. Life seems much simpler so far in the futures arena.

Thank you to those offering their views.
______________________________________
  • #28,123
  • Jan 11, 2024 4:33pm Jan 11, 2024 4:33pm
Quoting acetrader
Next Monday I had planned to sign up with FTMO for their 50K challenge, well we all know how that turned out. Now I'm considering E8 or the 5ers as an alternative. So, one more time from you that are far more experienced in the prop arena which would be the better choice? The 5ers has my interest at the moment. If I try one of these & fail the challenge, I will just go away from forex market & continue with futures trading. Life seems much simpler so far in the futures arena. Thank you to those offering their views. ______________________________________...
I'm live with 5%ers high stakes....very happy with them. I have never used E8.
  • #28,124
  • Jan 11, 2024 5:28pm Jan 11, 2024 5:28pm
As an us trader, i am paniced.....will 5%er be next to stop accepting us client?
  • #28,125
  • Jan 11, 2024 5:41pm Jan 11, 2024 5:41pm
Quoting PandaPaws
As an us trader, i am paniced.....will 5%er be next to stop accepting us client?
The strategy now in the US is risk mitigation. Same way I did for years with the offshore brokers......85% of my roll protected in my own accounts, 15% spread accross 5 brokers. Broker goes down, I've lost 3% of my capital.
Now, in the prop world, it's 100K at 15 firms.........keep using until they close/ban US/stop paying, replace as needed. Of course, I need to find the 15 firms that have a semi-chance of paying me.
All of you pro regulation folks, look at what I've just posted. Is this how we should need to operate to be able to earn a living from trading. If I must do the above things, please explain how regulation is in any way benefiting me.
Instead of just allowing me to use good brokers with regulation that actually protects my capital, I must go offshore and/or use props to get much better conditions, trade the instruments I wish, etc. AND do my own risk mitigation as the CFTC doesn't even allow forex brokers to offer protection of funds.
Trading is difficult enough and then the need to have to work around the government body that has supposedly got my back? They are a hindrance. not a help.
  • #28,126
  • Jan 11, 2024 5:43pm Jan 11, 2024 5:43pm
anybody had experience with audacity ?
My issue with some prop firms is mt5 as only choice, still we are far from same number of e'sa and indicators that are mt5 based, comparing to mt4.
  • #28,127
  • Jan 11, 2024 5:51pm Jan 11, 2024 5:51pm
Quoting pipmaster77
{quote} I'm live with 5%ers high stakes....very happy with them. I have never used E8.
ca n you tell me what's wrong with FMTO
I m workin the free trail challange and plan to buy a challenge as soon as I pass the free trail
  • #28,128
  • Jan 11, 2024 5:53pm Jan 11, 2024 5:53pm
Quoting pipmaster77
{quote} I'm live with 5%ers high stakes....very happy with them. I have never used E8.
Whats their indicie trading conditions look like? Same as FTMO?
Trade with confidence, trade without fear.
  • #28,129
  • Jan 11, 2024 5:54pm Jan 11, 2024 5:54pm
Quoting acetrader
Next Monday I had planned to sign up with FTMO for their 50K challenge, well we all know how that turned out. Now I'm considering E8 or the 5ers as an alternative. So, one more time from you that are far more experienced in the prop arena which would be the better choice? The 5ers has my interest at the moment. If I try one of these & fail the challenge, I will just go away from forex market & continue with futures trading. Life seems much simpler so far in the futures arena. Thank you to those offering their views. ______________________________________...
please what is wrong with FTMO
  • #28,130
  • Jan 11, 2024 6:22pm Jan 11, 2024 6:22pm
They are dropping US traders.
  • #28,131
  • Jan 11, 2024 7:47pm Jan 11, 2024 7:47pm
Quoting Cryptosurf
{quote} Whats their indicie trading conditions look like? Same as FTMO?
Spreads are great. I'll post a screenshot tomorrow after opening bell. They do charge commission $2/lot, which on the 5%ers is $10/pt.
  • #28,132
  • Jan 11, 2024 10:28pm Jan 11, 2024 10:28pm
Well boys I am over Apex/Futures. Nothing wrong with them, I just have no love for Ninja Trader/Tradovate and felt it was taking some of the fun of trading out for me(especially after losing my ass). That is even after investing in the Replikanto software just to keep multiple accounts trading with risk management settings.
Pushed all accounts full throttle super scalper mode and hit the wall hard, no fault but my own. It was a fun distraction but I can't tell you how happy I am putting my focus back into MT4. So much easier for me to use and less glitchy. Maybe I am just getting too old but MT4 just works good, I don't care about a bunch of special drawing tools for charts, not using it to make a F'n art project, I use the software for taking trades to make profits.
Was getting ready to grab an FTMO challenge only to find more BS news for US traders with us being discriminated against yet again.
No surprise a lot of US traders that make it big renounce their US Citizenship in trade for a citizenship from a country that won't continually be seeking ~50% their earnings no matter where they are making money on the planet. As well as having access to Grade A Brokers.
Going to keep trading my regular FX accounts (@500:1lev) and grab a 5ers high Stakes Challenge. Although 25:1 leverage for indices sucks.
It is looking like 2024 is going to bring some huge volatility so get your mouse pointers tuned and be ready to make those big profits gang.
  • #28,133
  • Jan 11, 2024 10:39pm Jan 11, 2024 10:39pm
Quoting josh1111
Well boys I am over Apex/Futures. Nothing wrong with them, I just have no love for Ninja Trader/Tradovate and felt it was taking some of the fun of trading out for me(especially after losing my ass). That is even after investing in the Replikanto software just to keep multiple accounts trading with risk management settings. Pushed all accounts full throttle super scalper mode and hit the wall hard, no fault but my own. It was a fun distraction but I can't tell you how happy I am putting my focus back into MT4. So much easier for me to use and less...
Good for you Josh.

The only problem with 5%ers is they don't have mt4 and only glitchy mt5. My experience has been glitchy even with only mt5 and no other stuff loaded. It seems to load slowly with lag in ma's etc. unlike my mt4 with other stuff and loads pretty awesomly fast.

Is ninja trader glitchy?
  • #28,134
  • Jan 11, 2024 10:43pm Jan 11, 2024 10:43pm
Quoting josh1111
Well boys I am over Apex/Futures. Nothing wrong with them, I just have no love for Ninja Trader/Tradovate and felt it was taking some of the fun of trading out for me(especially after losing my ass). That is even after investing in the Replikanto software just to keep multiple accounts trading with risk management settings. Pushed all accounts full throttle super scalper mode and hit the wall hard, no fault but my own. It was a fun distraction but I can't tell you how happy I am putting my focus back into MT4. So much easier for me to use and less...
Josh,
I feel your pain my friend. Monday was going to my day to start a challenge with FTMO, but you know what happened there. Its MT4 for me too. I'm old school & don't need the extra gadgets that accompany some charts. Use to using charts for analyzing potential trades & what use to be called TradeStation's in the FXCM days for entering the trades. Now its dashboards. Considering going with the 5ers High Stakes since FTMO is out. Best of trades to you.
  • #28,135
  • Jan 11, 2024 10:46pm Jan 11, 2024 10:46pm
Quoting pipmaster77
{quote} I'm live with 5%ers high stakes....very happy with them. I have never used E8.
pipmaster,
Thats the one I have interest in also. Thank you.
  • #28,136
  • Jan 11, 2024 10:47pm Jan 11, 2024 10:47pm
Quoting PropDude1234
{quote}Yes, a Futures broker doesn't care, where as OTC CFD do.
Propdude can you explain why video game fx doesn't like scalpers? Because it's too risky for them to mitigate? And how is futures different in that respect?
  • #28,137
  • Jan 11, 2024 10:54pm Jan 11, 2024 10:54pm
Quoting StreetPunk
anybody had experience with audacity ? My issue with some prop firms is mt5 as only choice, still we are far from same number of e'sa and indicators that are mt5 based, comparing to mt4.
I see CTI which has mt5 only had their own coding service for mt4 indicators to mt5. Not sure what they charge etc. I won't promote their link. You'll have to look it up.
  • #28,138
  • Jan 11, 2024 10:57pm Jan 11, 2024 10:57pm
Quoting pipmaster77
{quote} I'm live with 5%ers high stakes....very happy with them. I have never used E8.
PM what do you think the logic is behind their rule of having minimun of 3 days of 0.5% return per phase?
  • #28,139
  • Jan 11, 2024 11:00pm Jan 11, 2024 11:00pm
Quoting acetrader
{quote} pipmaster, Thats the one I have interest in also. Thank you.
for what it’s worth, I too have had no problems with 5%ers
A snails pace wins the race :-)
  • #28,140
  • Jan 11, 2024 11:02pm Jan 11, 2024 11:02pm
Quoting Nsak3y
{quote}-We also have some weird rules about traditional casinos. In my state, the total number of licenses is currently limited to just 13, and all of those 13 casinos must be built on water, either on, or near, the Missouri or Mississippi rivers, within 1000 feet. If not built literally on the river (riverboat), then they can be built on artificial water, like a pool of 2k gallons beneath the structure. It's pretty ridiculous, actually, because one design that I know of is literally floating on water, but the amount of water between the floating...
Because they are liquid? You know, not under water so to speak? By the river BANK etc? Couldn't resist that. Sorry.
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