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  • #38,961
  • Jul 10, 2024 5:46am Jul 10, 2024 5:46am
Quoting Expo33
{quote} A guy with no experience and 19 posts in 10 years on a site I've never heard of. Definitely game over. Im going with Trade Day 250K account only $600/month {image}
That's like the biggest futures trading forum (ex bigmiketrading, high on ninja) together with elitetrader...

You are probably not very seasoned in futures so you don't know it.

Just trying to reinstate the guys status because you mocked his 19 posts and the others followed you; most of you guys here know futures only for the past year because fx prop firms failed and you had to move to future props, so check your sources better.
  • #38,962
  • Jul 10, 2024 6:00am Jul 10, 2024 6:00am
Quoting Stoneyrocks
{quote} Hi Capa, how long you have been with Peaks ? ctrader ? what is your experience ? Good spreads ?
Never got to a funded account there, yet. It's just my second challenge. I blow my first long time ago and this second one is running for several months. I've not been very enthusiastic about it with all what was happening in Peaks so I was just trading it once in a while. Now with Josh back I restarted trading it. Let's see. Still in phase 1.

I was in Meta but was moved to ctrader this morning.

In EURUSD and GBPUSD, which is what I mostly trade, spreads are 0.4 / 0.8, not fantastic.
Execution up to 5 lots is not significant. About 0.1 or 0.2 (London session out of news time).
Commissions in Meta were $2 per lot. Now in ctrader it's my first trade but they charged $1 per lot (still running) so I believe another $1 per lot will be charged on the close, as it's usual in ctrader, matching it with the $2 per lot they were charging in Meta.
  • #38,963
  • Jul 10, 2024 6:03am Jul 10, 2024 6:03am
Quoting Artcool
{quote} Yeah, it seems that Emails are a thing from the past now. Everyone is supposed to be "connected" now. And it has many benefits for businesses, including being able to modify their communication on the fly depending on instant feedbacks!
It's a fundamental wrong principle from them.

Having it in Discord, twitter. etc. it's me who has to find the information. Everyday I need to go to ALL firms, trying to find out if anything changed overnight.

If email is used, the information comes to me, not me coming after the information.
  • #38,964
  • Jul 10, 2024 6:04am Jul 10, 2024 6:04am
Quoting Artcool
{quote} Yeah, it seems that Emails are a thing from the past now. Everyone is supposed to be "connected" now. And it has many benefits for businesses, including being able to modify their communication on the fly depending on instant feedbacks!
I am not a fan of receiving email as i get so many of them from so many places and sometimes unwanted places but i also do not like social media, call me on the rotary please
  • #38,965
  • Jul 10, 2024 6:14am Jul 10, 2024 6:14am
2nd email FP, received after broker crash.
Outlook for the compensation of losses:
- a flat rate of 0.5% of the initial balance, payable after clearing ...
- later migration to MT5 if desired
- if you wish account termination, allowed if equity/balance > initial numbers
  • #38,966
  • Jul 10, 2024 6:20am Jul 10, 2024 6:20am
Quoting Takisd
{quote} I am not a fan of receiving email as i get so many of them from so many places and sometimes unwanted places but i also do not like social media, call me on the rotary please
Well, then I'm afraid that only telepathy will work for you
  • #38,967
  • Jul 10, 2024 6:23am Jul 10, 2024 6:23am
Quoting Isabella_D
2nd email FP, received after broker crash. Outlook for the compensation of losses: - a flat rate of 0.5% of the initial balance, payable after clearing ... - later migration to MT5 if desired - if you wish account termination, allowed if equity/balance > initial numbers
It's a bit unfair to force people to use ctrader when they signed up for meta.

On the other side, if they allowed everybody to be refunded, anyone with a drawdown, special deep draw down, could ask a refund and purchase a new fresh challenge.

A third solution would be to allow refund to anyone but prevetnt people from purchasing any future ctrader challenge, which probably they don't want.

Not ideal solutions here.
  • #38,968
  • Jul 10, 2024 6:30am Jul 10, 2024 6:30am
OK, I received now the email from Peaks


If you were effected by the Metatrader migration to C-Trader please pay attention to the following:

• All phase accounts will receive a balance increase of 0.5% of initial balance as compensation
• All funded accounts will receive a balance increase of 0.2% of initial balance as compensation
• If you have an account that is break even or better and wish to have a refund please fill in this form
• Traders who do not wish to use C-Trader but need to keep their account can freeze their account until a MT5 option is available a new form will be distributed for this when things are complete
  • #38,969
  • Jul 10, 2024 6:47am Jul 10, 2024 6:47am
Quoting Capablanca
{quote} Es ist ein bisschen unfair, Leute zu zwingen, Ctrader zu verwenden, wenn sie sich für Meta angemeldet haben. Andererseits, wenn sie jedem eine Rückerstattung erlauben würden, könnte jeder mit einem Drawdown, einem speziellen Deep Drawdown, eine Rückerstattung verlangen und eine neue, frische Herausforderung kaufen. Eine dritte Lösung wäre, jedem eine Rückerstattung zu erlauben, aber die Leute daran zu hindern, zukünftige Ctrader-Herausforderungen zu kaufen, was sie wahrscheinlich nicht wollen. Das sind keine idealen Lösungen.
FP now communicates quickly (2nd email today) and clearly and focused.
It is unclear when the repayments will come. The 0.5% is also debatable (my view).
I lost more then this. (100K, building a hedged pyramid = expected main swing price development + (partially redeemed) pending orders with expected retracements.
But fuck. Things happen---> compromise, but hopefully better communication soon.
Back to work whats really to do: work with contracts as seen. I would also prefer MT4, but which broker is now joining in with this MT4 license problem?
The problem that keeps coming up is MQ4 I think. I suspect a mixture of the owners' desire for progress (MQ4 is outdated) and political ties between the USA and Russia - who is dominant in the conglomerate council?
Seems you don't buy the car as seen, you can just imagine the wheels gone... And if the rear-view mirror is missing, the police come or your losses.
  • #38,970
  • Jul 10, 2024 6:48am Jul 10, 2024 6:48am
Quoting Capablanca
{quote} Well, then I'm afraid that only telepathy will work for you
send me a telegram or carrier pigeon
  • #38,971
  • Jul 10, 2024 6:52am Jul 10, 2024 6:52am
Quoting Isabella_D
{quote} FP now communicates quickly (2nd email today) and clearly and focused. It is unclear when the repayments will come. The 0.5% is also debatable (my view). I lost more then this. (100K, building a hedged pyramid = expected main swing price development + (partially redeemed) pending orders with expected retracements. But fuck. Things happen---> compromise, but hopefully better communication soon. Back to work whats really to do: work with contracts as seen. I would also prefer MT4, but which broker is now joining in with this MT4 license problem?...
i think metatrader will be fixed for all props being legitimate soon. there are some rumors metaquotes have granted permission to some overseers of props. unfortunately eightcap is one of them
  • #38,972
  • Jul 10, 2024 6:57am Jul 10, 2024 6:57am
Quoting Takisd
{quote} i think metatrader will be fixed for all props being legitimate soon. there are some rumors metaquotes have granted permission to some overseers of props. unfortunately eightcap is one of them
That sounds good so far. My guesses were just sentiments from observation over the last few weeks
  • #38,973
  • Jul 10, 2024 7:25am Jul 10, 2024 7:25am
Quoting Takisd
{quote} i think metatrader will be fixed for all props being legitimate soon. there are some rumors metaquotes have granted permission to some overseers of props. unfortunately eightcap is one of them
legitimate and eightcap in the same sentence
  • #38,974
  • Jul 10, 2024 7:54am Jul 10, 2024 7:54am
Quoting pipmaster77
{quote} legitimate and eightcap in the same sentence
it was my reaction as well the other two in the list i wont mention but they are legit.
  • #38,975
  • Jul 10, 2024 8:01am Jul 10, 2024 8:01am
Quoting pipmaster77
{quote} legitimate and eightcap in the same sentence
I'm still laughing. Fck !
  • #38,976
  • Jul 10, 2024 8:05am Jul 10, 2024 8:05am
no MNQ feed on Apex today? rithmic
  • #38,977
  • Jul 10, 2024 8:20am Jul 10, 2024 8:20am
Apex Discord being down is giving me some funny feelings about them.... hope I am wrong.
Drawdown is more important than Account Size !
  • #38,978
  • Jul 10, 2024 8:22am Jul 10, 2024 8:22am
Poll.....
Do you think any of the prop firms are concerened with these type of analytics on their traders?
Attached Image (click to enlarge)
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  • #38,979
  • Jul 10, 2024 8:25am Jul 10, 2024 8:25am
Quoting Takisd
it seems to be a trend with props. social first email later. I dont know why but probably because the social channels are quicker than a mass email system.
-Generational gap. Most look like they are still in high school. I guess email has become antiquated.
  • #38,980
  • Edited 8:54am Jul 10, 2024 8:28am | Edited 8:54am
Quoting sakisf
Just trying to reinstate the guys status because you mocked his 19 posts and the others followed you
-Nothing to do with the site or the commenter, but the general message that was being made to sauerkraut is why people probably agree.
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