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  • #40,841
  • Aug 17, 2024 9:46pm Aug 17, 2024 9:46pm
My max draw down was 3.19 % by end of friday.

My actual profit as per mt4 is 2 %. by end of friday.

But, surprisingly all numbers are changed to my advantage today with just 1 day to go for darwing creation.

Real black box. ha..ha..

Darwin experts : Can you say why and what could have changed in my trading for this new numbers ?
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Intraday only.
  • #40,842
  • Aug 17, 2024 9:57pm Aug 17, 2024 9:57pm
Quoting navk
My max draw down was 3.19 % by end of friday. My actual profit as per mt4 is 2 %. by end of friday. But, surprisingly all numbers are changed to my advantage today with just 1 day to go for darwing creation. Real black box. ha..ha.. Darwin experts : Can you say why and what could have changed in my trading for this new numbers ? {image}
They adjust their statistics at certain points in time. August might make your task a bit more challenging. I would like to see ur risk ratio after.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #40,843
  • Aug 17, 2024 10:00pm Aug 17, 2024 10:00pm
Quoting RoelsMajor
{quote} They adjust their statistics at certain points in time. August might make your task a bit more challenging. I would like to see ur risk ratio after.
They adjust...I understand.

But, what I did better ? I dunno
Intraday only.
  • #40,844
  • Aug 17, 2024 10:03pm Aug 17, 2024 10:03pm
Quoting navk
{quote} They adjust...I understand. But, what I did better ? I dunno
Until now you did very good. At this point of time.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #40,845
  • Aug 17, 2024 10:04pm Aug 17, 2024 10:04pm
Quoting RoelsMajor
{quote} They adjust their statistics at certain points in time. August might make your task a bit more challenging. I would like to see ur risk ratio after.
By August end, i want to get first allocation.
Intraday only.
  • #40,846
  • Aug 17, 2024 10:12pm Aug 17, 2024 10:12pm
Quoting RoelsMajor
{quote} Until now you did very good. At this point of time.
You know what...

My trades on friday went against me.

I set stop loss, and it got hot.

I think risk management point of view, the darwin likes setting stop loss.

It is only my guess. Not sure.
Intraday only.
  • #40,847
  • Edited 10:22pm Aug 17, 2024 10:12pm | Edited 10:22pm
Quoting navk
My max draw down was 3.19 % by end of friday. My actual profit as per mt4 is 2 %. by end of friday. But, surprisingly all numbers are changed to my advantage today with just 1 day to go for darwing creation. Real black box. ha..ha.. Darwin experts : Can you say why and what could have changed in my trading for this new numbers ? {image}
Ah, so the risk engine is no longer the "enemy".
Logically, only explanation here, is during your DD your D-Leverage was too high, so the risk engine scaled you back, and the opposite occurred on your profit, so the risk engine scaled you up. Normally, you would see both profit and DD both increase or decrease. Your situation, DD is lower and profit is higher, so this is only explanation I can assume.
This is what I keep trying to explain, the risk engine is there to prevent you from losing too much. Darwin is only looking for 2-2.5% per month.....I think I can do 3-3.5% while still keeping DD under 6.5%. My max DD is 6.13%, it calculates from your HWM, I will never allow more than 3% from my HWM.
Focus on the things that will get you the most AUM...... 2-2.5% monthly, 30-35% annual return, with 3:1 overall profit to max DD......this should yield a significant AUM where 2-2.5% will be extremely rewarding. Darwin is only going to get bigger and better as more props fail........above average traders see the big picture.
  • #40,848
  • Aug 17, 2024 10:15pm Aug 17, 2024 10:15pm
Quoting pipmaster77
{quote} Ah, so the risk engine is no longer the "enemy". Logically, only explanation here, is during your DD your D-Leverage was too high, so the risk engine scaled you back, and the opposite occurred on your profit, so the risk engine scaled you up. This is what I keep trying to explain, the risk engine is there to prevent you from losing too much. Darwin is only looking for 2-2.5% per month.....I think I can do 3-3.5% while still keeping DD under 6.5%. My max DD is 6.13%, it calculates from your HWM, I will never allow more than...
I can do monthly 3 to 3.5 % with minimum risk.

I will try out minimal lot size.

It has become like toy to me now
Intraday only.
  • #40,849
  • Aug 17, 2024 10:22pm Aug 17, 2024 10:22pm
Quoting pipmaster77
{quote} Ah, so the risk engine is no longer the "enemy". Logically, only explanation here, is during your DD your D-Leverage was too high, so the risk engine scaled you back, and the opposite occurred on your profit, so the risk engine scaled you up. Normally, you would see both profit and DD both increase or decrease. Your situation, DD is lower and profit is higher, so this is only explanation I can assume. This is what I keep trying to explain, the risk engine is there to prevent you from losing too much. Darwin is only looking...
I also believe the longer you are with them, the more stable the risk engine. Mine has been at 1.34 for almost a month. I only trade 1-2 contracts on YM and ES and only 1 on NQ. This is so simple on a 1,000,000 signal account.
Unlike the futures props, where I am scalping and trying to make 200-300 on essentially a 2500 account, it's 10-15% daily as opposed to 0.2% daily on Darwinex
  • #40,850
  • Edited 10:48pm Aug 17, 2024 10:36pm | Edited 10:48pm
Quoting navk
{quote} You know what... My trades on friday went against me. I set stop loss, and it got hot. I think risk management point of view, the darwin likes setting stop loss. It is only my guess. Not sure.
If I may say, that's not risk management. According to N.N. Taleb, there is no such thing as risk management, just vague words. He advocates for learning to take risks that do not cause harm, in other words, avoiding tail risk. Darwinex does not teach how to avoid tail risk but rather to take small risks without limiting the number of trades per day. They should have this in place so that explosive traders can be restricted by maximum drawdown, applied directly during calibration. So, Darwinex's VaR model can still cause damage, and they only limit it after the fact. They're not true risk experts, but they're decent enough. They wait until a trader experiences a significant drawdown, boom, and then they drain him until he has no energy left.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #40,851
  • Aug 17, 2024 10:58pm Aug 17, 2024 10:58pm
Quoting RoelsMajor
{quote} If I may say, that's not risk management. According to N.N. Taleb, there is no such thing as risk management, just vague words. He advocates for learning to take risks that do not cause harm, in other words, avoiding tail risk. Darwinex does not teach how to avoid tail risk but rather to take small risks without limiting the number of trades per day. They should have this in place so that explosive traders can be restricted by maximum drawdown, applied directly during calibration. So, Darwinex's VaR model can still cause damage, and they...
Honestly speaking, I dunno how risk engine evaluates.
There are some guidelines, though. That 6.5 %
And there are few things that i picked up in this forum.
Like never trade more than 2 lots. And try to make 2 to 2.5 %
Intraday only.
  • #40,852
  • Aug 17, 2024 11:09pm Aug 17, 2024 11:09pm
Quoting navk
{quote} Honestly speaking, I dunno how risk engine evaluates. There are some guidelines, though. That 6.5 % And there are few things that i picked up in this forum. Like never trade more than 2 lots. And try to make 2 to 2.5 %
Darwinex still provides opportunities; it depends on you whether you repeat the same mistakes or continue to do as they expect. They give rewards and punishments after the fact, while the fact itself is a random process that keeps repeating.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #40,853
  • Aug 17, 2024 11:18pm Aug 17, 2024 11:18pm
Quoting pipmaster77
{quote} I also believe the longer you are with them, the more stable the risk engine. Mine has been at 1.34 for almost a month. I only trade 1-2 contracts on YM and ES and only 1 on NQ. This is so simple on a 1,000,000 signal account. Unlike the futures props, where I am scalping and trying to make 200-300 on essentially a 2500 account, it's 10-15% daily as opposed to 0.2% daily on Darwinex
On Apex futures account, the time allowed is 7 days to achieve target profit. Is there no time limit or they allow only 7 days?
Intraday only.
  • #40,854
  • Aug 18, 2024 1:25am Aug 18, 2024 1:25am
Quoting RoelsMajor
{quote} The concept is wrong to compare. In video games, there's not much about luck; it's more about skill. In trading, you can never know when you'll get lucky, even if you have excellent skills, because of the random nature of the market. Some of us might have learned one or two safe betting strategies mathematically (such as the Kelly criterion), but not many understand it, including myself. A casino is a random process, not a video game. The market falls into the category of speculation theory with behavioral elements. The machine has been...
I just explained how the internet prop system works. It's pretty simple. Props is like a machine where you drop coins and if you get positive results you receive coins. Either you accept it or go and drop your coins elsewhere.

Real trading statistics are not applied to props because this is not real trading and odds are different due to the nature of their model.

In other words, in props you don't even need to beat the market. You just need to beat the guys who are playing in the same machine (prop) than you because they are the ones that will pay you.

It's like playing poker in a table where you are the best of the table. You can still make money even if you are not a great player. You just need to be better than the remaining ones.
  • #40,855
  • Aug 18, 2024 2:00am Aug 18, 2024 2:00am
Quoting navk
{quote} Honestly speaking, I dunno how risk engine evaluates. There are some guidelines, though. That 6.5 % And there are few things that i picked up in this forum. Like never trade more than 2 lots. And try to make 2 to 2.5 %
I'm confident in your trading skills, so wouldn't it be easier to trade in a way that feels natural to you, rather than constantly trying to anticipate what Darwinex might 'expect'? After all, trading is a long game, and to succeed, you need to be fluent and confident in your own approach.
  • #40,856
  • Aug 18, 2024 2:01am Aug 18, 2024 2:01am
Quoting navk
{quote} On Apex futures account, the time allowed is 7 days to achieve target profit. Is there no time limit or they allow only 7 days?
What is it you are asking?
  • #40,857
  • Aug 18, 2024 2:51am Aug 18, 2024 2:51am
Quoting Capablanca
{quote} I just explained how the internet prop system works. It's pretty simple. Props is like a machine where you drop coins and if you get positive results you receive coins. Either you accept it or go and drop your coins elsewhere. Real trading statistics are not applied to props because this is not real trading and odds are different due to the nature of their model. In other words, in props you don't even need to beat the market. You just need to beat the guys who are playing in the same machine (prop) than you because they are the ones that...
I don't think that's a fitting example either. In poker, luck is the same for every player regardless of their skills, a little bit different if u have so much capital. In trading, you need to have both and much much more variances. But I think we'll leave it at that. In general, we already have a bit of knowledge about how prop firms work. Thanks.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #40,858
  • Aug 18, 2024 3:35am Aug 18, 2024 3:35am
the a-book b-book conversation is very boring. If props a-book there are no props if props b-book retail customers think the world is against them. If retail prop can eliminate the gamification of the prop there is no reason to a-book anyone because statistically it will be profitable.
  • #40,859
  • Aug 18, 2024 4:51am Aug 18, 2024 4:51am
Account 2 update after adjustment
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  • #40,860
  • Aug 18, 2024 5:05am Aug 18, 2024 5:05am
I know we already talked about this but:

 

  1. FTMO generated a turnover of almost CZK 5 billion (over $213 million) in 2023. The figure jumped 20 percent from the previous year’s CZK 4 billion (about $170 million) in turnover.
  2. The EBITDA of the company also reached nearly $100 million.
  3. Furthermore, the number of open trading accounts with the Czech company reached more than 2.3 million in 2024, which is 33 percent higher year-over-year.
  4. Regarding payouts to prop traders, the company highlighted that it paid 80 percent more money to its traders in the first seven months of 2024 than in the same period last year

Im sorry for US traders but thats the playground now. 80% potentially 90% performance fee to the other Brand of Darwins 15% as industry standard.
While we see further consolidation on the props; we see FTMO getting stronger and stronger in my view. Only one who could actually bring capital to the table when regulation kicks in in 17 years time.

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