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  • #28,581
  • Jan 24, 2024 6:16am Jan 24, 2024 6:16am
Quoting sanmiguell
Sorry guys, can you suggest me from which prop firm to start with my challenge (100k)? I just need a trustworthy firm, with max DD not less than 5%. From where do you suggest me to start?
FTMO or 5ers
  • #28,582
  • Jan 24, 2024 6:26am Jan 24, 2024 6:26am
Quoting Capablanca
{quote} FTMO or 5ers
Capa, are your TFF accounts functioning normally at the moment?
  • #28,583
  • Jan 24, 2024 6:47am Jan 24, 2024 6:47am
Quoting Capablanca
{quote} FTMO or 5ers
Thank you buddy. Another stupid question. In the 100k challenge on FTMO (I guess it is the same for any other firms) the Maximum Daily Loss and Maximum Loss are fixed values 5k and 10k or are in percentage of the current balance, which is different than the initial one through the days?
  • #28,584
  • Jan 24, 2024 6:59am Jan 24, 2024 6:59am
Quoting Capablanca
Is there any software that I can connect to all my props accounts, multiple firms, in order to have the balances/equity in real time, all in one place ?
You have tradezella, tradersync,tradesviz
  • #28,585
  • Jan 24, 2024 7:15am Jan 24, 2024 7:15am
Quoting DeltaCapital
{quote} You have tradezella, tradersync,tradesviz
which one’s you have used yourself ?
  • #28,586
  • Jan 24, 2024 7:41am Jan 24, 2024 7:41am
Quoting rizla101
{quote} Capa, are your TFF accounts functioning normally at the moment?
Yes, but I'm in MT4. I read somewhere that they were having troubles (again !) with MT5.
  • #28,587
  • Jan 24, 2024 7:42am Jan 24, 2024 7:42am
Quoting Capablanca
Is there any software that I can connect to all my props accounts, multiple firms, in order to have the balances/equity in real time, all in one place ?
Paid... www.tradezella.com/pricing & www.tradervue.com/plans
Free... I use www.fxblue.com/live, www.fxblue.com/live/account-sync

I set up a portfolio with all my accounts... Prop evals & live accounts + Offshore brokers + AMP futures (mt5)
  • #28,588
  • Jan 24, 2024 7:43am Jan 24, 2024 7:43am
Quoting DeltaCapital
{quote} You have tradezella, tradersync,tradesviz
Thanks, I will have a look.
Is this software considered an EA from prop perspective ? I was in doubt between using something existent or trying to developing something by myself with Python API.
I'm trying to mitigate risk of being flagged for this. We know props pick any good reason to deny payouts and kick peoples out.
  • #28,589
  • Jan 24, 2024 8:00am Jan 24, 2024 8:00am
Quoting Capablanca
{quote} Thanks, I will have a look. Is this software considered an EA from prop perspective ? I was in doubt between using something existent or trying to developing something by myself with Python API. I'm trying to mitigate risk of being flagged for this. We know props pick any good reason to deny payouts and kick peoples out.
With the FXblue free option I mentioned above, I just let it connect & sync via the mt4 read only pass without using the publisher ea.
  • #28,590
  • Jan 24, 2024 8:00am Jan 24, 2024 8:00am
Quoting Capablanca
{quote} Yes, but I'm in MT4. I read somewhere that they were having troubles (again !) with MT5.
Ok thanks I am having issues on an MT5 account. This is why you need several accounts several props.
  • #28,591
  • Jan 24, 2024 8:01am Jan 24, 2024 8:01am
Quoting Stoneyrocks
{quote} which one’s you have used yourself ?
i used tradesviz but they only connect to metatrader by EA, tradersync i just took demo test it was decent and i am using tradezella is the most expensive but is good
  • #28,592
  • Jan 24, 2024 8:02am Jan 24, 2024 8:02am
Quoting Capablanca
{quote} Thanks, I will have a look. Is this software considered an EA from prop perspective ? I was in doubt between using something existent or trying to developing something by myself with Python API. I'm trying to mitigate risk of being flagged for this. We know props pick any good reason to deny payouts and kick peoples out.
tradesviz you connect with EA and tradezella and tradersync is by investor password
  • #28,593
  • Jan 24, 2024 8:34am Jan 24, 2024 8:34am
I skimmed through those options. They seem good for analysis and journaling but I'm not sure if they really present balance and equity of each firm, which is basically what I need (export to excel would be nice to have but not mandatory).

I just need something like the bottom part of this, one line for each prop account, balance, equity and profit and that's all. In fact I don't need anything else.
Do the options mentioned have something like this ?
Is this multiterminal MT4 a viable option ?

Attached Image (click to enlarge)
Click to Enlarge Name: Multiterminal.PNG Size: 56 KB
  • #28,594
  • Jan 24, 2024 8:45am Jan 24, 2024 8:45am
Quoting Capablanca
Is there any software that I can connect to all my props accounts, multiple firms, in order to have the balances/equity in real time, all in one place ?
I use FXBlue's free publisher and connect all my accounts into a portfolio that I can monitor. I have it set to update every 5 minutes. Maybe not the "best" solution, but it works. Myfxbook can do something similar with a portfolio.
  • #28,595
  • Jan 24, 2024 9:45am Jan 24, 2024 9:45am
Quoting Capablanca
I skimmed through those options. They seem good for analysis and journaling but I'm not sure if they really present balance and equity of each firm, which is basically what I need (export to excel would be nice to have but not mandatory). I just need something like the bottom part of this, one line for each prop account, balance, equity and profit and that's all. In fact I don't need anything else. Do the options mentioned have something like this ? Is this multiterminal MT4 a viable option ? {image}
that screenshot is a broker multi terminal some brokers offer that to managers but i think it only works for accounts in that broker
the best free version is myfxbook where you can create a portofolio or multiple portfolios and you can configure what to combine and show like balance equity ect
tradezella i did not use yet but they seem pretty good and always adding features
  • #28,596
  • Jan 24, 2024 12:10pm Jan 24, 2024 12:10pm
Just saw this in twitter regarding Smart Prop Trader.

When we think that props can't go lower on stupidity, then we discover gems like this:


Detailed Overview of Prohibited Trading Strategies:
Martingale Trading

  1. The Martingale trading approach involves incrementally increasing investment size after each simulated loss, anticipating that a successful trade will recover prior simulated losses and yield a simulated profit. Regarded as a form of gambling, this strategy carries significant risk, potentially resulting in substantial simulated drawdowns and the simulated loss of entire capital in the event of an extended series of simulated losses.
  2. Theoretically, this strategy appears foolproof, but in reality, its success hinges on having limitless simulated capital (which isn't the case when trading with a firm). Trading firms establish a pre-determined threshold for the maximum simulated drawdown, and traders must tailor their strategy to align with this pre-defined level of maximum risk.

Anti/Reverse Martingale Trading

  1. Anti/Reverse Martingale Trading is a form of Martingale trading wherein a trader halves their lot size when a trade is in profit.
  2. Reverse trading is typically executed between two or more different firms. Please note that Smart Prop Trader communicates with other firms. Therefore, if reverse trading from the same trader is detected across 2 or more different firms, Smart Prop Trader reserves the right to shut down the trader's account and ban the trader from future use of Smart Prop Trader's services.
  3. For example, a trader purchases 10 lots and proceeds to be in profit, then proceeds to halving their lot position to 5, which is a form of Martingale trading and is prohibited on the platform.

https://help.smartproptrader.com/en/...aren-t-allowed

Blake is fighting hard with the kid from Bespoke to win the championship of the most stupid rules ever. Not easy to pick a winner.

  • #28,597
  • Jan 24, 2024 12:22pm Jan 24, 2024 12:22pm
Quoting Capablanca
Just saw this in twitter regarding Smart Prop Trader. When we think that props can't go lower on stupidity, then we discover gems like this: Detailed Overview of Prohibited Trading Strategies: Martingale Trading The Martingale trading approach involves incrementally increasing investment size after each simulated loss, anticipating that a successful trade will recover prior simulated losses and yield a simulated profit. Regarded as a form of gambling, this strategy carries significant risk, potentially resulting in substantial simulated drawdowns...
So , wait a minute, I eneter a trade, it goes in profit..... I book half and move the stop to break even.......I can't do this at this firm? or are they speaking about the opposite trading thing between multiple firms?
Once again, everyone, use the firms that we have been stating for several years......funny, MFF NEVER did shit like this, but they're the ones shut down, yet there are about 15 firms that SHOULD BE SHUT DOWN and still operational. It's literally bizarro world at this point.
  • #28,598
  • Jan 24, 2024 12:32pm Jan 24, 2024 12:32pm
Quoting pipmaster77
{quote} So , wait a minute, I eneter a trade, it goes in profit..... I book half and move the stop to break even.......I can't do this at this firm? or are they speaking about the opposite trading thing between multiple firms? Once again, everyone, use the firms that we have been stating for several years......funny, MFF NEVER did shit like this, but they're the ones shut down, yet there are about 15 firms that SHOULD BE SHUT DOWN and still operational. It's literally bizarro world at this point.

No kidding, that’s next level absurdity.
Trade with confidence, trade without fear.
  • #28,599
  • Jan 24, 2024 12:36pm Jan 24, 2024 12:36pm
This is your 1:30 pm EST wake up call. Blake is a charlatan with 0 knowledge of forex or financial markets. Buying a prop firm account from him is like trying to cut your wrists with a butter knife.
  • #28,600
  • Jan 24, 2024 12:37pm Jan 24, 2024 12:37pm
Quoting Capablanca
Just saw this in twitter regarding Smart Prop Trader. When we think that props can't go lower on stupidity, then we discover gems like this: Detailed Overview of Prohibited Trading Strategies: Martingale Trading The Martingale trading approach involves incrementally increasing investment size after each simulated loss, anticipating that a successful trade will recover prior simulated losses and yield a simulated profit. Regarded as a form of gambling, this strategy carries significant risk, potentially resulting in substantial simulated drawdowns...
This is the dumbest rule ever. Take all or nothing but don't you dare take half profit.
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