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  • #40,921
  • Aug 19, 2024 8:46am Aug 19, 2024 8:46am
For the same reason even on TopstepX I heard, some profitable funded traders do have a daily loss limit, a rule designed especially for those. Because those trader have built up multiple times the trailing DD and are far above initial capital. This is to ensure that they cannot take greater risks, so payouts are reduced for them. Wake up.
  • #40,922
  • Aug 19, 2024 8:50am Aug 19, 2024 8:50am
Quoting deekay4x
What the the prop firm options for the traders in USA, could you please point me the sheet/link. Sorry if that already answered. Thanks for your time reading and pointing to answer.
Alpha Capital group & Blue guardian are probably your best options on the FX side. Apex (20 max accounts), Take profit(5), Topstep(5) & Bulenox(11) on the Futures prop side. Darwinex zero for the long term investor capital management plan.
  • #40,923
  • Edited 9:16am Aug 19, 2024 8:56am | Edited 9:16am
Quoting CableJ
{quote} Alpha Capital group & Blue guardian are probably your best options on the FX side. Apex (20 max accounts), Take profit(5), Topstep(5) & Bulenox(11) on the Futures prop side. Darwinex zero for the long term investor capital management plan.
For now i put myfundedfuture in the mix as well...as they are paying their offering is cheaper than all....
Also its not just me some good youtube streamers also use it....
Extreme gut feeling trader
  • #40,924
  • Aug 19, 2024 8:59am Aug 19, 2024 8:59am
Quoting montygoldy
{quote} For now i put myfundedfuture in the mix as well...as they are paying their offering is cheaper than all....
I reluctantly agree with you about MFFU since there have been no payment shenanigans with them since opening last year... so far.
  • #40,925
  • Aug 19, 2024 9:06am Aug 19, 2024 9:06am
Quoting CableJ
{quote} I reluctantly agree with you about MFFU since there have been no payment shenanigans with them since opening last year... so far.
Yes, if we didn't know Matt's history with his fx prop, I'd feel much better about them.
  • #40,926
  • Aug 19, 2024 9:14am Aug 19, 2024 9:14am
Quoting TrAndy1
For Bernd this trading is a gimmick. His main income and focus is on selling "his" courses. All info is public available he is selling. He got it from a former floor trader in the USA, he paid $50k he said and he is happy with that amount. That tells me, if anyone is saying that, paying that huge amount, that Bernd had no prior knowledge and mostly he gets sometimes trading signals from this floor trader, thus he can have or show good track record. No way with this 4 indicators you can get that often so good timings. Also his Price Action talk is...
but you know that you say the story as coach often "i had also a very expensive mentor and thats why i am successful" because he wants to sell his courses and want booked as mentor? all can be marketing talk and nonsense of course too.

if someone dont trade a private account with a big broker , of course anything can be just a marketing action of a prop to work together with one trader. i dont know is he trading private account and for how many years / decades, then with this you could evaluate is he good or bad trader. all rest info is useless to analyse.
  • #40,927
  • Aug 19, 2024 9:23am Aug 19, 2024 9:23am
Quoting Trader191
{quote} but you know that you say the story as coach often "i had also a very expensive mentor and thats why i am successful" because he wants to sell his courses and want booked as mentor? all can be marketing talk and nonsense of course too. if someone dont trade a private account with a big broker , of course anything can be just a marketing action of a prop to work together with one trader. i dont know is he trading private account and for how many years / decades, then with this you could evaluate is he good or bad trader. all rest info is...
I listened to more interviews with Bernd also in German language. You need to go back far, where is telling more about his past. In his latest interviews with the german influencer at youtube he was talking about his former floor trader mentor. All makes sense to me the way he is talking about trading at all. He is saying he had not traded any personal broker account for years since joining the prop space over 2 years ago starting with FTMO. I will add here some german youtube interviews where I have some of the info I posted here in last post about Bernd S. from Germany. You need to autotranslate over google to read it in english while they are interviewing.
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  • #40,928
  • Aug 19, 2024 9:37am Aug 19, 2024 9:37am
How I know Bernd is just bluffing. I have backtested his indicators years ago before he was starting to sell it on his courses. COT Indicator and seasonal indicator a ka Larry Williams style are well known, to name 2 of his 4 indis. I can say each indicator has some value but not much, you can only build very mediocre strats out of it. Not good systems. If you take 2 indicators it is filtering out a lot of trades when optimizing, so in the end you get almost no trades, so it is not statistically significant what is backtested with it. The results are better, but if you take into all 4 indicators there would be no trade if each indi needs to show a "signal sign". So his trades are very discretionary chosen, because you need to choose 1 or 2 indicators out of those 4 at the right time. Selection bias to name one word here. Price Action becomes most important which is discretionary when Bernd is finding a trade and good timing. How can he be that good in discretionary trading with that way he is talking ? His mentor that floor trader from one of those US exchanges is helping him out. I would speculate if this trader gets a part of the whole marketing selling. I don't know that.
  • #40,929
  • Aug 19, 2024 9:41am Aug 19, 2024 9:41am
Quoting OranJuice
So it seems like its a trend that brokers are setting up shop in the propfirm space. This can be either an extremely well anticipated reversal in the downturn trend of propfirms due to the numerous scams recently, or, their presence can make the whole situation much worse. Lets see! Some open questions to everybody 1) Anyone has traded ICMarkets and got funded/payouts? Small number of reviews only on trustpilot, and no discord. Really curious about that one 2) Blueberrymarkets just entered a week ago and already has 3.8k discord members. So it seems...

1) I'm trading IC Funded but still in phase 1, so not great help. Things are pretty good in terms of spreads and execution, just like their real ICMarkets broker account (where I also have a real account).
  • #40,930
  • Aug 19, 2024 9:45am Aug 19, 2024 9:45am
Quoting pipmaster77
{quote} If folks have funding with prop fx firms.......keep milking it until it's done If you are not already funded.....you are absolutely insane to sign up with an fx prop.....trade futures prop ( probably some time left), personal or Darwinex. The resources (time AND money) you put in will be a complete waste of time with an fx prop at this point.
I don't think it's 100% insane if we keep payouts lows. There's still money to be made there IMO.
Anyway we need to be prepared for some road blocks and losses (if we can't make card reversals), because no matter how "well" we select it, we don't know who is the next to go down.
  • #40,931
  • Aug 19, 2024 9:45am Aug 19, 2024 9:45am
Just on the fly my feedback about todays results. I had one trade opened from last Friday with ca. <1k in floating profit, which I closed today. The other trades shown were daytrades. My other swing position in Gold is still and open and also in some floating profits, not shown below. So todays results I added €5k to my account.
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  • #40,932
  • Aug 19, 2024 10:07am Aug 19, 2024 10:07am
Quoting Capablanca
{quote} I don't think it's 100% insane if we keep payouts lows. There's still money to be made there IMO. Anyway we need to be prepared for some road blocks and losses (if we can't make card reversals), because no matter how "well" we select it, we don't know who is the next to go down.
Yes, while I agree to a point, the roadblocks keep increasing. I guess my thoughts are if you are going invest resources, both time and money, there is less risk and better rewards elsewhere. Keep in mind also, this is a USA trader point of view, who did fairly well with these firms.
  • #40,933
  • Aug 19, 2024 10:23am Aug 19, 2024 10:23am
Quoting Capablanca
{quote} 1) I'm trading IC Funded but still in phase 1, so not great help. Things are pretty good in terms of spreads and execution, just like their real ICMarkets broker account (where I also have a real account).
Hey Cap, What is your general approach to challenges? Over risk style (1-5d pass) or slow grind approach (weeks-months pass)?
  • #40,934
  • Aug 19, 2024 10:26am Aug 19, 2024 10:26am
Quoting TrAndy1
Just on the fly my feedback about todays results. I had one trade opened from last Friday with ca. <1k in floating profit, which I closed today. The other trades shown were daytrades. My other swing position in Gold is still and open and also in some floating profits, not shown below. So todays results I added €5k to my account. {image} --- {image}(better readable)
nice trades. maybe more easy when you put in trade explorer inside forexfactory and hide all informations there you dont want to show, because looks like you use metatrader and so people see you are a winner or loser on this day (because with seeing only some trades, you could simple have many open floating losses and nobody knows or show different accounts any day, like open buy and sell in different and show the winning side.... and so on), because from this what you show they dont know even you are winner or loser even in this account.
same time will make your presentation more easy.

you have always to remember, because many people cheat in results by presenting only parts of the game..... nobody often take serious just some trades presented.
  • #40,935
  • Edited 11:27am Aug 19, 2024 10:51am | Edited 11:27am
Alright guys purchased 50kx3 for alpha-futures evaluations with a 20% off "ALPHA20" code. Will keep you guys updated how it goes till payout...... Their payout only downside is first 2 payout 70% then next 2 80% and after that 90%. No hidden rule thats what they say... Only platform option is alphaticks (SAME AS TOPSTEPX). which is copy of topstepx. And same 50% consistency for evaluations....

EDIT - DONE FOR THE. Hit the profit target will try to pass it in asian session
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Extreme gut feeling trader
  • #40,936
  • Aug 19, 2024 11:05am Aug 19, 2024 11:05am
For all you penny pinchers..
For Darwinexzero:
Get 30% off with the ZEROREFDWX discount code.
(found on the darwinex homepage)
Muni loves you all!
  • #40,937
  • Aug 19, 2024 11:20am Aug 19, 2024 11:20am
Quoting Capablanca
{quote} 1) I'm trading IC Funded but still in phase 1, so not great help. Things are pretty good in terms of spreads and execution, just like their real ICMarkets broker account (where I also have a real account).
Thats awesome m8. Hows the general feel of that prop? Do they have a solid support?

Do you get the feeling they will payout? They dont have a discord, so its very hard to get any insights on them as of right now.
  • #40,938
  • Aug 19, 2024 11:47am Aug 19, 2024 11:47am
The end of Ascendx might be near. Such offers are only made when the collapse is already there. Fire Sale 50% + 1 free account same size. Avoid this prop I would say.
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  • #40,939
  • Aug 19, 2024 12:08pm Aug 19, 2024 12:08pm
Quoting montygoldy
Alright guys purchased 50kx3 for alpha-futures evaluations with a 20% off "ALPHA20" code. Will keep you guys updated how it goes till payout...... Their payout only downside is first 2 payout 70% then next 2 80% and after that 90%. No hidden rule thats what they say... Only platform option is alphaticks (SAME AS TOPSTEPX). which is copy of topstepx. And same 50% consistency for evaluations.... EDIT - DONE FOR THE. Hit the profit target will try to pass it in asian session {image}
What's the advantage of Alpha Futures vs Topstep? Seems like topstep is slightly cheaper. I can understand the 100k account with a higher max drawdown on Alpha Futures.
  • #40,940
  • Aug 19, 2024 12:11pm Aug 19, 2024 12:11pm
Quoting CableJ
{quote} Hey Cap, What is your general approach to challenges? Over risk style (1-5d pass) or slow grind approach (weeks-months pass)?
Slow, several weeks usually. Sometimes more than a month.
Usually 5 to 10 lots in EURUSD or GBPUSD challenges. Less than that in funded.
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