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  • #32,381
  • Mar 2, 2024 7:43am Mar 2, 2024 7:43am
Probably not the attention MetaQuotes wanted:
https://financefeeds.com/john-oliver...chering-scams/
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  • #32,382
  • Mar 2, 2024 7:44am Mar 2, 2024 7:44am
Quoting TraderTero
{quote} MT4/MT5 to DxTrade copier is now available on MQL5 for $100. Should be useful to many US traders.
It's missing way too many features compared to the "Ultimate Trade Copier" that I already use between MT5 and MT4 accounts.
  • #32,383
  • Mar 2, 2024 7:51am Mar 2, 2024 7:51am
Quoting AaronPriest
{quote} It's missing way too many features compared to the "Ultimate Trade Copier" that I already use between MT5 and MT4 accounts.
Better than nothing as it should allow you to use your EA's when your only choice is using DxTrader.
  • #32,384
  • Mar 2, 2024 8:10am Mar 2, 2024 8:10am
Quoting TraderTero
{quote} Better than nothing as it should allow you to use your EA's when your only choice is using DxTrader.
I've quit Forex entirely instead, because it's just a matter of time before DXTrade and Match Trader also ban US citizens (I read Match Trader already did 2 weeks ago?), just like cTrader did years ago. I'm not playing the cat and mouse game anymore, it's a waste of time and money at this point.
  • #32,385
  • Mar 2, 2024 8:36am Mar 2, 2024 8:36am
Quoting AaronPriest
{quote} I've quit Forex entirely instead, because it's just a matter of time before DXTrade and Match Trader also ban US citizens (I read Match Trader already did 2 weeks ago?), just like cTrader did years ago. I'm not playing the cat and mouse game anymore, it's a waste of time and money at this point.
At this point not worth for US traders if props start making better conditions in futures props that would be nice, i am trading futures too and i am liking it, now we just that prop firms could offer a model like forex prop firms 8% target 10% drawdown that would be nice
  • #32,386
  • Mar 2, 2024 8:55am Mar 2, 2024 8:55am
Quoting TrAndy1
How does FTMO treat successful traders? Let's take a look at their practices. Don't ignore this just because you think @FTMO_com is a saint. That is far from the truth. They are the same scammers as the others, they just do it smarter and better. A trader contacted me. It turned out that he too was one of the successful traders who did not suit @FTMO_com . He first received the legendary email accusing him of one-sided betting and that his strategy was broken in...
MFF is the best.
  • #32,387
  • Mar 2, 2024 10:27am Mar 2, 2024 10:27am
Quoting TrAndy1
he had a track record of approximately 900 trades in FTMO stats with a 59% success rate at an RR of 1:1

You say that as if that somehow makes him God’s gift to trading, but in practice that’s about the minimum requirement to trade profitably and safely for the long term (granted, it’s better than most people ever achieve).


Quoting TrAndy1
He traded extra with a maximum of 15 lots per trade idea on a 100k account. This is a very reasonable lot size for a 100k account.

BS. It’s an insanely dangerous position-size, given the metrics mentioned above.


Quoting AaronPriest
I've quit Forex entirely instead
Quoting DeltaCapital
i am trading futures too and i am liking it

The message is getting through to some people.


Quoting DeltaCapital
now we just that prop firms could offer a model like forex prop firms 8% target 10% drawdown that would be nice

How about 5% target, 4% max drawdown and no daily loss-limit - not quite as good as you're asking for, I can see (you'd want 4% target and 5% drawdown to be pro rata to the figures you gave?), but pretty nearly?? Is that good enough for you?
  • #32,388
  • Mar 2, 2024 10:32am Mar 2, 2024 10:32am
Quoting KarlKraus
{quote} You say that as if that somehow makes him God’s gift to trading, but in practice that’s about the minimum requirement to trade profitably and safely for the long term (granted, it’s better than most people ever achieve). {quote} BS. It’s an insanely dangerous position-size, given the metrics mentioned above. {quote} {quote} The message is getting through to some people. {quote} How about 5% target, 4% max drawdown and no daily loss-limit - not quite as good as you're asking for, I can see (you'd want 4% target and 5% drawdown to be...
If it's static-ABSOLUTELY!! I'm already figuring out how to manage the trailing, but, we all know it is ONLY there for folks to fail. So, if , as you have stated many times, this is an honest and transparent market, and the prop firm wins when we win as they are actually putting orders to live market.....once again, all FACTS you have stated.....why are they trying to fail folks by having a trailing DD?
  • #32,389
  • Mar 2, 2024 10:33am Mar 2, 2024 10:33am
Quoting KarlKraus
The message is getting through to some people.
It's not a "message". It's force by tyranny. And people should be hanged for it frankly.
  • #32,390
  • Mar 2, 2024 10:54am Mar 2, 2024 10:54am
Quoting AaronPriest
{quote} It's not a "message". It's force by tyranny. And people should be hanged for it frankly.
Exactly. I am being forced to switch to futures simply because I reside in the "most free" country in the world. Yet, when you hop on Tickmill, ICMarkets, Pepperstone and every other HIGHLY REGULATED broker in the world who actually PROTECT YOUR FUNDS and offer LIVE FEEDS WITH NO
SPREAD MARK UP...the disclaimer reads we cannot accept residents of the US, North Korea and Iraq....how is the US even in that same group?
How one can not see that the CFTC is protecting the futures market and NOT the trader is beyond my comprehension....they protect me by only allowing garbage offerings? and limiting leverage to 30:1?...... because 'leverage is bad" yet day trading futures under the SAME CFTC guidance I have nearly 400:1.
  • #32,391
  • Mar 2, 2024 10:58am Mar 2, 2024 10:58am
Quoting pipmaster77
{quote} If it's static-ABSOLUTELY!! I'm already figuring out how to manage the trailing, but, we all know it is ONLY there for folks to fail. So, if , as you have stated many times, this is an honest and transparent market, and the prop firm wins when we win as they are actually putting orders to live market.....once again, all FACTS you have stated.....why are they trying to fail folks by having a trailing DD?
The ONLY way to manage trailing drawdown is to go slow, in other words, to lower leverage. How can there be any other way if you have consistent methdology, I do not understand.

From the perspective current evaluation model, I think the trailing drawdown is a good way to gather data on the trader profile (to hedge/not). How? Responsible trader would decrease position size, that woud amount to equal to profit target being raised (proportionally) and having more time to pass and doing more trading, giving more data for the firm to judge sharpe or luck element of trader performance. So, intention can also be to increase sustainability. But I agree trailing drawdown should turn into static somewhere. I was thinking about opening a solid prop firm, those were my thoughts. (joke)
  • #32,392
  • Mar 2, 2024 11:09am Mar 2, 2024 11:09am
Quoting solarpower
{quote} The ONLY way to manage trailing drawdown is to go slow, in other words, to lower leverage. How can there be any other way if you have consistent methdology, I do not understand. From the perspective current evaluation model, I think the trailing drawdown is a good way to gather data on the trader profile (to hedge/not). How? Responsible trader would decrease position size, that woud amount to equal to profit target being raised (proportionally) and having more time to pass and doing more trading, giving more data for the firm to judge sharpe...
Exactly right, I have lowered the size. My current group of apex evaluations are within $50 balance of peak, meaning I still have $2,450 in DD....targeting $300/day I'll still be done in 10 days. Then it will take another 9-10 days once live to make the DD static at $50,100 per account. Once I get to first payout, I will reinvest the payout from this batch (same way I did with fx props), max out at 20, rinse and repeat and it is the same thing as having a $50K personal account. I can win at any game once I figure out how to play it.
  • #32,393
  • Mar 2, 2024 11:15am Mar 2, 2024 11:15am
Quoting solarpower
{quote} The ONLY way to manage trailing drawdown is to go slow, in other words, to lower leverage. How can there be any other way if you have consistent methdology, I do not understand. From the perspective current evaluation model, I think the trailing drawdown is a good way to gather data on the trader profile (to hedge/not). How? Responsible trader would decrease position size, that woud amount to equal to profit target being raised (proportionally) and having more time to pass and doing more trading, giving more data for the firm to judge sharpe...
I will state, the trailing is most likely there to avoid the YOLO traders, the 3 month payout cap to avoid huge payouts, the subscription model to keep revenue flowing....to put a positive spin on it, these can be viewed as a good thing in terms of longevity, no denied payouts, no banned traders.........much better risk management than 99% of the fx props + the CFTC loves futures.....so I should be good for awhile.
nsak3y has mentioned several times the fxprops might be better served with a sub based model and payout caps.
  • #32,394
  • Mar 2, 2024 11:17am Mar 2, 2024 11:17am
Quoting pipmaster77
{quote} Exactly right, I have lowered the size. My current group of apex evaluations are within $50 balance of peak, meaning I still have $2,450 in DD....targeting $300/day I'll still be done in 10 days. Then it will take another 9-10 days once live to make the DD static at $50,100 per account. Once I get to first payout, I will reinvest the payout from this batch (same way I did with fx props), max out at 20, rinse and repeat and it is the same thing as having a $50K personal account. I can win at any game once I figure out how to play it.
that discipline deserves respect.
  • #32,395
  • Mar 2, 2024 11:19am Mar 2, 2024 11:19am
Quoting pipmaster77
if , as you have stated many times, this is an honest and transparent market, and the prop firm wins when we win as they are actually putting orders to live market.....once again, all FACTS you have stated.....why are they trying to fail folks by having a trailing DD?

Because in reality that's the bulk of their income?

It's FUTURES that are the "honest and transparent market" I keep referring to, in contrast to CFD's: you know this perfectly well.

Nobody's saying futures prop firms are an honest and transparent market. All I'm saying is that they're hugely better than CFD prop firms because after you're funded at least you're trading in an honest and transparent market rather than a scammy, fraud-ridden one.

And as I keep on saying, that's factual.

I don't disagree with you about the trailing DD. I never have done!!

There are companies that don't have that after you're funded, aren't there?

For the purposes of getting funded, they mostly (maybe all??? I don't know) have some kind of trail on the max DD to help people to fail. Nobody's arguing with that. I'm certainly not, anyway.

But for people like yourself, who can pass evaluations consistently and cope with an end-of-day trailing DD to do so, futures are clearly a far cleaner, honest and more transparent market, and that's factual. Which is why I'm continually surprised that nobody will acknowledge it, and everyone is idiotic enough to keep accusing me of being a "shill" for prop firms collectively and regulators collectively, and "announcing" that I'm "paid to post here," and so on. And that I have more than one username here. Imbeciles!! I am not and I don't. I'm an individual member, just like you.
  • #32,396
  • Mar 2, 2024 11:29am Mar 2, 2024 11:29am
Quoting KarlKraus
{quote} Because in reality that's the bulk of their income? It's FUTURES that are the "honest and transparent market" I keep referring to, in contrast to CFD's: you know this perfectly well. Nobody's saying futures prop firms are an honest and transparent market. All I'm saying is that they're hugely better than CFD prop firms because after you're funded at least you're trading in an honest and transparent market rather than a scammy, fraud-ridden one. And as I keep on saying, that's factual. I don't disagree with you about the trailing DD. I never...
I 100% agree, the futures is a much cleaner market......regulated on an exchange vs. OTC. It's a no brainer.
I also do not believe 99% of the folks on here are disputing this fact.
This is a thread on prop firms and the fx PROP FIRMS offer a far superior opportunity than the furtures PROP FIRMS....that is also factual and non disputable as it's all based on math.
As far as regualtion, I and most here are simply explaining the real agenda behind the CFTC "banning" fx props and CFDs in general, in addition to the over reaching, strong arm way in which they do it......and it is crystal clear it is not to PROTECT anyone or anything other than the futures market
  • #32,397
  • Mar 2, 2024 11:33am Mar 2, 2024 11:33am
Quoting solarpower
{quote} that discipline deserves respect.
no rush, market will be here tomorrow, next week, next year.......especially futures
  • #32,398
  • Mar 2, 2024 11:38am Mar 2, 2024 11:38am
I still don't get the whole buy 100 50k accounts vs 1 300k account thing with futures. Must be scam.
  • #32,399
  • Mar 2, 2024 11:39am Mar 2, 2024 11:39am
Quoting pipmaster77
I 100% agree, the futures is a much cleaner market......regulated on an exchange vs. OTC. It's a no brainer.

It’s the first time you’ve ever said that (but I’m still pleased to see it, so thank you.)


Quoting pipmaster77
As far as regualtion, I and most here are simply explaining the real agenda behind the CFTC "banning" fx props and CFDs in general, in addition to the over reaching, strong arm way in which they do it......and it is crystal clear it is not to PROTECT anyone or anything other than the futures market

You (and others here) are not “simply” explaining that: you’re explaining that (maybe rightly - I wouldn’t know for sure and I strongly suspect you don’t either, though you obviously think you do!!) AND you're saying a whole lot of other stuff, too, much of it bullshit, and just recently, while I've been posting in this thread, 4 or 5 other people have also asked you to give the "alt right crap" a rest. So don't pretend it's just me.
  • #32,400
  • Mar 2, 2024 11:50am Mar 2, 2024 11:50am
Please hold my ego whilst I applaud you and insult you at the same time.
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