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  • #42,301
  • Sep 20, 2024 12:00pm Sep 20, 2024 12:00pm
Quoting TrAndy1
{quote} You said here that you wanted to start a $100k personal broker account to trade with at September, did you opened it and started already trading it ?
Dropped the plan for now... last couple of weeks went rough... AS i mentioned trying mffu only to gain some confidence once i do then i'll open it.....
Extreme gut feeling trader
  • #42,302
  • Sep 20, 2024 12:04pm Sep 20, 2024 12:04pm
Quoting sampat
{quote} Yes for Canadians we have luxury to not to move to live in takeprofittrader
Wow, a case where regulations actually benefit the trader? Say it ain't so.......
I mean, I'm assuming that is the reason, but why TPT and not others who push you to live?
  • #42,303
  • Sep 20, 2024 12:06pm Sep 20, 2024 12:06pm
Quoting montygoldy
{quote} Dropped the plan for now... last couple of weeks went rough... AS i mentioned trying mffu only to gain some confidence once i do then i'll open it.....
I am doing exactly opposite

I stopped trading futures, as I blown both MFFU and Apex account.

Wanted to reset atleast MFFU and then dropped it.

However, my mt4 with FXIFY is doing very well.

And thro FXIFY money, i will plan to open broker account. Good deposit.

Am still waiting for that situaltion
Intraday only.
  • #42,304
  • Sep 20, 2024 12:11pm Sep 20, 2024 12:11pm
Quoting navk
{quote} I am doing exactly opposite I stopped trading futures, as I blown both MFFU and Apex account. Wanted to reset atleast MFFU and then dropped it. However, my mt4 with FXIFY is doing very well. And thro FXIFY money, i will plan to open broker account. Good deposit. Am still waiting for that situaltion
Trailing drawdown is a bigger hurdle for newcomers turning to futures... but once its crossed... futures firms has the potential of payouts.....people making crazy money with topstep, apex, mffu etc.....I have cumulatively made more with futures than forex...
Extreme gut feeling trader
  • #42,305
  • Sep 20, 2024 12:12pm Sep 20, 2024 12:12pm
Quick Question y’all.

Does anyone have a break even script for NinjaTrader?

For example when trading forex and I think my position is about to move against me, I usually have a script on my chart that I can click on and it moves all open position to breakeven.

For y’all that trade futures with prop firms, is there an easy way to move all open positions to breakeven once I think a reversal might occur soon.
  • #42,306
  • Sep 20, 2024 12:15pm Sep 20, 2024 12:15pm
Quoting pipmaster77
{quote} Wow, a case where regulations actually benefit the trader? Say it ain't so....... I mean, I'm assuming that is the reason, but why TPT and not others who push you to live?
Less paperwork less regulation less hassle more marketing...
  • #42,307
  • Sep 20, 2024 12:17pm Sep 20, 2024 12:17pm
Quoting montygoldy
{quote} Trailing drawdown is a bigger hurdle for newcomers turning to futures... but once its crossed... futures firms has the potential of payouts.....people making crazy money with topstep, apex, mffu etc.....I have cumulatively made more with futures than forex...
yeah, exactly, traing drawdown was problem for me and that is why i blown both accounts.

And I will try demo may be..in futures.

Your method is perfect, one entry with an additional entry + stop loss and TP
Intraday only.
  • #42,308
  • Sep 20, 2024 12:22pm Sep 20, 2024 12:22pm
Apex trailing drawdown is killing me!!!

Blew one account today and took my last account from $300 trailing drawdown to $1881 trailing drawdown.

I think I need a new firm.

With Apex, I’ve to keep closing any positive position to capture profits and then reopen another position just to keep riding the momentum.

I’m realizing that style of trading doesn’t suit me because I’ve to keep worrying about trailing drawdown to avoid been liquidated while in a trade.
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  • #42,309
  • Sep 20, 2024 12:38pm Sep 20, 2024 12:38pm
Quoting montygoldy
{quote} Trailing drawdown is a bigger hurdle for newcomers turning to futures... but once its crossed... futures firms has the potential of payouts.....people making crazy money with topstep, apex, mffu etc.....I have cumulatively made more with futures than forex...
I would never go back to forex (even if the USA allowed me to).

The traling DD trick ( for me) is always grab profits and re enter, if warranted....this way you never give back a big move, especially important with the intraday trail. Bigger moves, and depending on where you are with your trailing, get stop to BE+. I will only risk 10% of the trail, so even losses never really hurt. Takes me longer, but I don't mind.

Once I pass the buffer, I trade it with about double the risk of a $2,500 personal account. The key is the copying.....my new goal is 40 accounts accross Apex, Bulenox, TPT, MFFU and Topstep....just get in and get out with $50 daily......$40k per month. 80% funneling into personal account

Just like I did in forex props, payouts fund the new accounts, so never any outlay on my part.

Of course, hoping for significant AUM with darwinex as well, with ultimate scenario just copying amp personal and Darwin. No need for props and their rules. Just need the props to accelerate the personal account.
  • #42,310
  • Sep 20, 2024 12:42pm Sep 20, 2024 12:42pm
Quoting montygoldy
{quote} Trailing drawdown is a bigger hurdle for newcomers turning to futures... but once its crossed... futures firms has the potential of payouts.....people making crazy money with topstep, apex, mffu etc.....I have cumulatively made more with futures than forex...
Also, it is fact that, analysing chart is easier in mt4.

User friendly in many ways.

Tradovate .... as you know.. even setting stop is difficult.

I have found out that i can set account liquidation setting possible though, and that i will make use of in future.
Intraday only.
  • #42,311
  • Sep 20, 2024 12:45pm Sep 20, 2024 12:45pm
Quoting Evasparkling
Quick Question y’all. Does anyone have a break even script for NinjaTrader? For example when trading forex and I think my position is about to move against me, I usually have a script on my chart that I can click on and it moves all open position to breakeven. For y’all that trade futures with prop firms, is there an easy way to move all open positions to breakeven once I think a reversal might occur soon.
If you think it's going to move against you, close it. Let it pull back and re-enter. If it keeps going re-enter. Giving back the intraday trail is the worst. I always try to close with as close to the full $2,500 (50K account) in tact.
  • #42,312
  • Sep 20, 2024 12:47pm Sep 20, 2024 12:47pm
Quoting navk
{quote} Also, it is fact that, analysing chart is easier in mt4. User friendly in many ways. Tradovate .... as you know.. even setting stop is difficult. I have found out that i can set account liquidation setting possible though, and that i will make use of in future.
Yes, I actually chart the indices on CFDs in an MT4 account. Then I have my amp on MT5, Darwinex on MT5 and props on quantower.
  • #42,313
  • Sep 20, 2024 1:01pm Sep 20, 2024 1:01pm
With all this talk about trailing DD. I must say, trading futures on Darwinex is so stress free compared to the props.......there are no rules, no trail, can DCA.
I also had some thoughts come to mind for those still trading forex props.....let's face it, 10% in a month is very unrealistic, so you're not passing a challenge in 30 days.
Let's use 2.5% as a realistic monthly profit.....it will take 4 months to pass phase 1 and another 2 for phase 2, you are already getting 2 payouts from Darwinex and with way less stress aiming for 2.5% monthly. You are also now 1 month shy of gold, where you will scale far, far faster than the props.
So for all bitching and complaining about the split, if you use realistic gains of 2.5% monthly, you will make more with Darwinex even your first year than with the props.....once again, only needing 0.12% daily.
Once again, this math applies to succesful traders, not those trying to flip an account in 30 days and needing to buy 7 more to do so. I am speaking of real, genuine trading here.
I can actually be -2% next month and still get another allocation. Of course, I won't make any money that way, but the point is your cumulative return matters.
  • #42,314
  • Sep 20, 2024 1:01pm Sep 20, 2024 1:01pm
Quoting navk
{quote} I am doing exactly opposite I stopped trading futures, as I blown both MFFU and Apex account. Wanted to reset atleast MFFU and then dropped it. However, my mt4 with FXIFY is doing very well. And thro FXIFY money, i will plan to open broker account. Good deposit. Am still waiting for that situaltion
Since you stopped posting your daily "I won 97 trades in row" it was kind of obvious you blew up.
Pride always comes before destruction.... -Proverbs 16:18
  • #42,315
  • Sep 20, 2024 1:04pm Sep 20, 2024 1:04pm
Quoting Expo33
{quote} Since you stopped posting your daily "I won 97 trades in row" it was kind of obvious you blew up.
Am not used to trailing DD frankly speaking.
Intraday only.
  • #42,316
  • Sep 20, 2024 1:35pm Sep 20, 2024 1:35pm
For y’all trading with Topstep.

How does the Maximum Loss Limit work for funded account?

From what I’m reading once your account reaches $52,000 in the express funded account,

Does that mean you need to lose the whole $52,000 for your account to be liquidated?

OR

Does you account get liquidated once you’re below $50,000 again.

I’m reading conflicting information on the web.
  • #42,317
  • Sep 20, 2024 1:48pm Sep 20, 2024 1:48pm
Incase my question is confusing,

I’m asking at what point does one fail the Topstep challenge after crossing $2,000+ profits in the express funded account and initiates withdrawal?

With Apex it trails until $50,100 and stops there. If your balance drops below $50,100 then you’ve failed.
  • #42,318
  • Sep 20, 2024 1:55pm Sep 20, 2024 1:55pm
Another day ending at ATH.

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  • #42,319
  • Sep 20, 2024 1:57pm Sep 20, 2024 1:57pm
Quoting navk
{quote} Am not used to trailing DD frankly speaking.
Yes, it will humble you and takes a bit of time (like everything) to perfect it.
  • #42,320
  • Sep 20, 2024 1:59pm Sep 20, 2024 1:59pm
Quoting Evasparkling
For y’all trading with Topstep. How does the Maximum Loss Limit work for funded account? From what I’m reading once your account reaches $52,000 in the express funded account, Does that mean you need to lose the whole $52,000 for your account to be liquidated? OR Does you account get liquidated once you’re below $50,000 again. I’m reading conflicting information on the web.
Def below $50K, I can answer that without even looking....you essentailly have a 2K account.....which is still a great value to cost.
Yes, all firms your DD is what you can lose, that is all.
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