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  • #38,701
  • Jul 4, 2024 5:30pm Jul 4, 2024 5:30pm
No Topstep 4th of July promo? Disappointing
Pride always comes before destruction.... -Proverbs 16:18
  • #38,702
  • Jul 4, 2024 6:50pm Jul 4, 2024 6:50pm
Quoting Capablanca
On the other side, if there is multiple people saying that they can't open or close a trade it's an early sign that something is wrong.
-Yes, but I was speaking from a perspective of the firm. I also think that such notices could be easily posted within discord while keeping things cleaner and easier to read. I suspect that if a few traders are experiencing problems, that the firm will quickly learn about it and would want to keep traders informed to avoid the heavy backlog of support requests etc..
  • #38,703
  • Jul 4, 2024 8:32pm Jul 4, 2024 8:32pm
I think the no activation fee from myfundedfutures is a good deal. Buying 3, 100k's tonight.
Attached Image (click to enlarge)
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Drawdown is more important than Account Size !
  • #38,704
  • Jul 5, 2024 4:21am Jul 5, 2024 4:21am
What's the deal with some of the "reliable" prop firms in recent weeks?
ACG has been acting quite suspiciously lately. Firstly, they have introduced new rules that seem utterly nonsensical. These rules appear to be deliberately designed to create confusion, providing the firm with numerous opportunities to arbitrarily deny high payouts to traders.
Here are some examples:

  1. What constitutes high-impact news events? Are all high-impact news events affecting some of the currency pairs, or do some affect all pairs? Specifically, consider the controversial XAUUSD. Initially, only high-impact USD news affected it, but some traders were denied payouts because high-impact EUR news occurred while XAUUSD was open. Now, unexpectedly, ALL high-impact news events affect XAUUSD.
  2. Why was MyFXBOOK introduced as an additional source to check news? Why not stick with ForexFactory? Traders now need to monitor 25 news items and cross-check both ForexFactory and MyFXBOOK to ensure no violations occur, making it extremely challenging to find suitable trading hours. This is absolutely ridiculous.
  3. And what about speeches? Is it two minutes after Powell stops speaking? The rules are vague and inconsistent.

This purposeful introduction of confusion is concerning. Increasingly, traders are reporting more denials in the Discord community. ACG's Trustpilot rating has declined from a solid 4.6 to now 4.4.

Despite these issues, I have a live account with ACG, have received multiple payouts, and am still making a profit. However, this trend is alarming. Is anyone consistently getting payouts from them?

And what on earth is happening with FundingPips? I have had multiple payouts from them, but recently, people are being interviewed. Is anyone else experiencing this?

Everyone, please share your insights. This will benefit us all.

  • #38,705
  • Jul 5, 2024 4:57am Jul 5, 2024 4:57am
These are big red flags. Once they go this way it will just get worse. At some point every prop will do the same. Either you accept the fact or just do not waste time and money with them.
  • #38,706
  • Jul 5, 2024 7:54am Jul 5, 2024 7:54am
First time Yolo'ing NFP..... nearly there on one eval

1. Pa x 150k - 300 bucks away from reaching threshold
2. Purchased 4 evals - try to yolo on market open.....
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Extreme gut feeling trader
  • #38,707
  • Jul 5, 2024 7:55am Jul 5, 2024 7:55am
Quoting OranJuice
What's the deal with some of the "reliable" prop firms in recent weeks? ACG has been acting quite suspiciously lately. Firstly, they have introduced new rules that seem utterly nonsensical. These rules appear to be deliberately designed to create confusion, providing the firm with numerous opportunities to arbitrarily deny high payouts to traders. Here are some examples: What constitutes high-impact news events? Are all high-impact news events affecting some of the currency pairs, or do some affect all pairs? Specifically, consider the controversial...
Hi Oranjui.

I know this issue is a trouble but you say how can I follow dozens of news events. There are news indicators and EA's if you need.
  • #38,708
  • Jul 5, 2024 8:00am Jul 5, 2024 8:00am
this is a sick game. Your attention should be only on markets. Not what freaking rules they have introduced.
  • #38,709
  • Jul 5, 2024 8:09am Jul 5, 2024 8:09am
Quoting fx_rookie
this is a sick game. Your attention should be only on markets. Not what freaking rules they have introduced.
i remember my last days with forex prop firms couple of months back.... my biggest concern till now is payout stability even if you follow all the rules there are always grey area where they deny and you can do nothing about it ..... Atleast on futures side there is a payout stability if you follow rules forsure you'll be paid
Extreme gut feeling trader
  • #38,710
  • Jul 5, 2024 8:10am Jul 5, 2024 8:10am
Quoting fx_rookie
this is a sick game. Your attention should be only on markets. Not what freaking rules they have introduced.
Exactly correct. Trading is difficult enough. However, with that being said, nobody is forcing anyone to use a prop firm. It requires a specific skill set and mind set. If you can do it, it will exponentially grow your personal account....that is the only purpose.
We all know, they are all designed to collect fees and hope you fail....there is no allignment of being on the same side....when you win, we win. There is a conflict of interest, just like a bucket shop B-book broker.....You can beat them, but they will pull every trick to see that you don't. The irony is the B-book brokers that are "regulated" are still able to get away with it.
  • #38,711
  • Jul 5, 2024 8:21am Jul 5, 2024 8:21am
Quoting procrude
I think the no activation fee from myfundedfutures is a good deal. Buying 3, 100k's tonight. {image}
Its good but i'll wait for some offer..... Only downside for me is contract size..... pretty low... + scaling when funded... but otherwise good offering i have a feeling they will throw some promotion soon to fast track this new offering

My personal approach is to build 150kx20 first before moving to another firm... coz their offering is pretty sweet right now with 85$ activation
Extreme gut feeling trader
  • #38,712
  • Jul 5, 2024 8:36am Jul 5, 2024 8:36am
Quoting montygoldy
First time Yolo'ing NFP..... nearly there on one eval 1. Pa x 150k - 300 bucks away from reaching threshold 2. Purchased 4 evals - try to yolo on market open..... {image}
It happened Pretty Quick..... passed 1 lost 3.... done for the day....
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Extreme gut feeling trader
  • #38,713
  • Jul 5, 2024 8:59am Jul 5, 2024 8:59am
Quoting fx_rookie
Your attention should be only on markets.
Always have one eye on news events and how they might impact your trades, especially if daytrading on anything other than D1 timeframe. Trading 101. I don't find the news rules anything difficult to follow with my props. I use myfxbook, forex factory, and tradingview to monitor news every day, not a huge deal. the speech duration is another thing, but if its a high impact speech, just stay out of the market for a bit. Another trade will come along eventually.
  • #38,714
  • Jul 5, 2024 9:01am Jul 5, 2024 9:01am
Quoting pipmaster77
{quote} Exactly correct. Trading is difficult enough. However, with that being said, nobody is forcing anyone to use a prop firm. It requires a specific skill set and mind set. If you can do it, it will exponentially grow your personal account....that is the only purpose. We all know, they are all designed to collect fees and hope you fail....there is no allignment of being on the same side....when you win, we win. There is a conflict of interest, just like a bucket shop B-book broker.....You can beat them, but they will pull every trick to see...
But the problem comes with the dishonesty. Its really a ponzi scheme when you think about it. Whenever there is a quick money grab, retarded scamartists come from the woodworks and ruin the market.

2 years ago there was like 7 solid props.

Today? Prolly over 200+!

All distrubuting marketshare, lower conditions. This in turn leads to lower profitability and thus higher risk of denying payout.

Higher risk of denying payout leads to less confidence in the entire space.

And this is the problem.

I wish one could drop a hydrogen bomb on all the scam artists and we could continue here on the honest work.
  • #38,715
  • Jul 5, 2024 9:02am Jul 5, 2024 9:02am
Quoting montygoldy
{quote} It happened Pretty Quick..... passed 1 lost 3.... done for the day.... {image}
You are the YOLO King of Futures !
Drawdown is more important than Account Size !
  • #38,716
  • Jul 5, 2024 9:55am Jul 5, 2024 9:55am
Quoting montygoldy
{quote} It happened Pretty Quick..... passed 1 lost 3.... done for the day.... {image}
How do you keep track of all your spending on accounts purchase to know if you are merely breaking even or making profit? Just curiosity
  • #38,717
  • Jul 5, 2024 9:59am Jul 5, 2024 9:59am
Quoting OranJuice
What's the deal with some of the "reliable" prop firms in recent weeks? ACG has been acting quite suspiciously lately. Firstly, they have introduced new rules that seem utterly nonsensical. These rules appear to be deliberately designed .
Reading those trustpilot comments since a few days back is like watching a slaughter house. True shame since they do have a pleasant UI and now its all ruined. No idea how they will recover from this. Once the ball starts going in these bucketshop firms its either fast or slow crash. I dont get it. Why dont they just focus on 10k to 25k accounts if thats all they can pay out in longer term. Oh right, pump and dump...
  • #38,718
  • Jul 5, 2024 10:05am Jul 5, 2024 10:05am
I have a question.

I plan to use MQL5.com VPS.

How can I see the settings of the EA in the MQL VPS?

I have a fear that I can login and synchronize an enviroment in another computer or another instance of MT4, replacing the original environment by accident.

Can I see the settings of the EA on VPS server, like downloading .set file, seeing the environment or seing the settings?
  • #38,719
  • Jul 5, 2024 10:45am Jul 5, 2024 10:45am
Quoting stirmatt
{quote} How do you keep track of all your spending on accounts purchase to know if you are merely breaking even or making profit? Just curiosity
You can see the PA number and Eval number in screenshot basic math multiply PA x 160$(coz i always purchase lifetime) and evals(230 x 20$(average coz most of them are 90% off))..

I only keep track of payout vs challenge ratio per firm so i dont go deep in small numbers... Also i dont use prop firm/trading money for my personal use so profits funds further evals....
For apex 20K already hit bank and another 20k approved on the way alos another 18k pending applied this cycle...... all from 50kx20 PA's ... now i am not trading them anymore just waiting for all the Money to hit the bank and then probably lose them coz only 550$ drawdown in them n replace with 150k....
Extreme gut feeling trader
  • #38,720
  • Jul 5, 2024 10:48am Jul 5, 2024 10:48am
Hello everyone!

I'm probably following this thread since I've started with remote props in 2021 but I've never posted anything before. Anyway, I've noticed something really weird today that I must share.

The thing is that there has been some really suspicious attempts to login into my microsoft account since last month. What made them look very suspicious is the timing: they started to happen really close to my payouts via Rise and I believe they might have started after the ACG leak where I had a Funded account which had Rise as the payment processor verification.

By the way, today was the first notification that I got from microsoft and for my surprise there was other attempts since last month that I was not notified about.
If anyone was affect by the leak and uses Rise to receive payouts I would just check it to make sure everything is fine.

I don't know what info was really leaked and if there was a leak of passwords too, but mine was exclusive for them.

Does anyone know the exact day the leak happened and what might have been leaked?

By the way, I also got the Funded Elite promotional email as other people that had an account there.

It might be just a weird coincidence but the timing is really suspicious.
Better safe than sorry!
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