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  • #42,321
  • Sep 20, 2024 2:02pm Sep 20, 2024 2:02pm
Anyone tried this? A new futures prop.

Seems like there's no evaluation with EOD trailing DD. Consistency target is 20%.

Just saw that they made lots of payout on payout junction. No sure how sustainable it is.

https://www.fasttracktrading.net/#plans
  • #42,322
  • Sep 20, 2024 2:12pm Sep 20, 2024 2:12pm
Quoting pipmaster77
{quote} 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...
I reached that goal recently i blew it 20x150k apex , 5x50k topstep and 3x150k mffu ...... your mindset is great aim for 50 bucks only ..... i was aiming 2k lol..... same i am doing on 50k mfffu trying to capture 1300 a day like 50% of the drawdown in a day lol..... i want to finish the last few months of the year strong..... so lets build the accounts and aim for less dollars
Extreme gut feeling trader
  • #42,323
  • Sep 20, 2024 2:15pm Sep 20, 2024 2:15pm
Quoting maltrader
Anyone tried this? A new futures prop. Seems like there's no evaluation with EOD trailing DD. Consistency target is 20%. Just saw that they made lots of payout on payout junction. No sure how sustainable it is. https://www.fasttracktrading.net/#plans
I dont know about the payouts there... there was some drama few days back the owner account was freezed with like 3million or something (photshopped possibility). that he was out of electricity as well.... I mean with these firms its all about timing get in first get your payout.... there is another one popped up tradeify only best of that firms is they offer tradovate thats it....
Extreme gut feeling trader
  • #42,324
  • Sep 20, 2024 2:17pm Sep 20, 2024 2:17pm
Quoting Evasparkling
Apex trailing drawdown is killing me!!! Blew one account today and took my last account from $300 trailing drawdown to $1881 trailing drawdown. I think I need a new firm. With Apex, I’ve to keep closing any positive position to capture profits and then reopen another position just to keep riding the momentum. I’m realizing that style of trading doesn’t suit me because I’ve to keep worrying about trailing drawdown to avoid been liquidated while in a trade. {image}
With Apex the best possible way to make money is to get 20 accounts and aim 100-200 a day.... coz of the trailing..... Thats why you wont feel 200 is less as 200x20 = 4000$ a day
Extreme gut feeling trader
  • #42,325
  • Sep 20, 2024 2:51pm Sep 20, 2024 2:51pm
Quoting montygoldy
{quote} I reached that goal recently i blew it 20x150k apex , 5x50k topstep and 3x150k mffu ...... your mindset is great aim for 50 bucks only ..... i was aiming 2k lol..... same i am doing on 50k mfffu trying to capture 1300 a day like 50% of the drawdown in a day lol..... i want to finish the last few months of the year strong..... so lets build the accounts and aim for less dollars
Yes, just sit on your hands and wait for that 2 micro lot 50 point move on DOW or 25 point move on 1 micro NAS.
  • #42,326
  • Edited 3:51pm Sep 20, 2024 3:13pm | Edited 3:51pm
Quoting montygoldy
{quote} I dont know about the payouts there... there was some drama few days back the owner account was freezed with like 3million or something (photshopped possibility). that he was out of electricity as well.... I mean with these firms its all about timing get in first get your payout.... there is another one popped up tradeify only best of that firms is they offer tradovate thats it....
My red flag is if they don't offer all of the feeds/platforms.....tradeovate, rithmic, ninja, etc.......reason being a lot of these new firms are not being granted access.......which is a GREAT thing to hopefully prevent what happended on the forex side from happening to futures.
I think the real big issue was the CFDs being offered in the USA, not so much the casino model of the props or the virtual/demo environment. The products being traded are illegal in the USA, then once CFTC got involved and then Meta wanted to protect themselves......it was just a cascade from there.....and tha's where the model did come into play as with no new revenue, completely unsustainable model.
Atleast with the futures props, although SIM/virtual, the products being traded are legal, which hopefully is the reason they have been unscathed.
  • #42,327
  • Sep 20, 2024 4:18pm Sep 20, 2024 4:18pm
Has SabioTrade trade been discussed?
  • #42,328
  • Sep 20, 2024 5:48pm Sep 20, 2024 5:48pm
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...
Do you know, any firm offers demo to trade in Tradovate ?

I signed up tradovate demo itself, but when i try to open contract, it says, " update market data subscription " required to place a trade
Intraday only.
  • #42,329
  • Sep 20, 2024 6:05pm Sep 20, 2024 6:05pm
Got to hand it to mffu. Fastest payout approval I've seen. Just 11 minutes.

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  • #42,330
  • Edited 6:29pm Sep 20, 2024 6:18pm | Edited 6:29pm
Quoting pipmaster77
{quote} My red flag is if they don't offer all of the feeds/platforms.....tradeovate, rithmic, ninja, etc.......reason being a lot of these new firms are not being granted access.......which is a GREAT thing to hopefully prevent what happended on the forex side from happening to futures. I think the real big issue was the CFDs being offered in the USA, not so much the casino model of the props or the virtual/demo environment. The products being traded are illegal in the USA, then once CFTC got involved and then Meta wanted to protect themselves......it...
Ninja and Tradingview on the way to Fasttrack according to Scott

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moving to a live account

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it is all about consistency with Fasttrack..

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  • #42,331
  • Sep 20, 2024 6:59pm Sep 20, 2024 6:59pm
Quoting Stoneyrocks
{quote} Ninja and Tradingview on the way to Fasttrack according to Scott {image} moving to a live account {image} it is all about consistency with Fasttrack.. {image}
Think I'm going to give fasttrack a try.
  • #42,332
  • Sep 20, 2024 8:23pm Sep 20, 2024 8:23pm
Quoting maltrader
Got to hand it to mffu. Fastest payout approval I've seen. Just 11 minutes. {image}
i told ta buddy we all are sleeping on mffu….. they are right there or maybe in some sense better from topstep n apex in aspect of everything as a futures prop firm… all pltaforms available, fastest approval, no grey area rules, cheapest challenges, eod drawdown, fast support etc … what else anyone want….
Extreme gut feeling trader
  • #42,333
  • Sep 20, 2024 8:24pm Sep 20, 2024 8:24pm
Quoting navk
{quote} Do you know, any firm offers demo to trade in Tradovate ? I signed up tradovate demo itself, but when i try to open contract, it says, " update market data subscription " required to place a trade
nope… but why dont go buy cheap evlad like bulenox has 17 buck 50k eval to play with with 90% off
or buy apex 25k account also cheap
Extreme gut feeling trader
  • #42,334
  • Sep 20, 2024 8:26pm Sep 20, 2024 8:26pm
Quoting pipmaster77
{quote} My red flag is if they don't offer all of the feeds/platforms.....tradeovate, rithmic, ninja, etc.......reason being a lot of these new firms are not being granted access.......which is a GREAT thing to hopefully prevent what happended on the forex side from happening to futures. I think the real big issue was the CFDs being offered in the USA, not so much the casino model of the props or the virtual/demo environment. The products being traded are illegal in the USA, then once CFTC got involved and then Meta wanted to protect themselves......it...
exactly now a green flag for me is if a firm provides tradovate…. Coz onlyhandful of them do… which are top firms….
Extreme gut feeling trader
  • #42,335
  • Sep 20, 2024 8:30pm Sep 20, 2024 8:30pm
Quoting montygoldy
{quote} exactly now a green flag for me is if a firm provides tradovate…. Coz onlyhandful of them do… which are top firms….
Not to mention, it's really difficult to trade copy Rithmic with Ninja Trader since their API only allows one connection at a time, where Tradovate can connect to multiple accounts at once. You have to do silly things with VPNs or VPSes and network or internet copying with Replikanto, etc. if you use more than one Rithmic account with prop firms on Ninja Trader.
  • #42,336
  • Sep 20, 2024 8:42pm Sep 20, 2024 8:42pm
Quoting RiskFighter
I don't get it. Prop firms make their living by people blowing accounts and buying new accounts. At FTUK they have a rule that you are not allowed to risk more than 2% per trade. If you do so, they used to issue a warning. Now they even made a tool closing the trade automatically, so that the trader does not violate - and thereby might blow the account. WHY???? What's in it for them to keep the accounts from blowing? {image}
I was thinking about using them...but when i read about that floating loss, I was like wait a minute. I used Chat GPT to make sense of it. The ultimate fact is, as it seems to me, is that you will never be able to reach the 6% drawdown because of the floating loss. Thus, it will take much longer an quite a number of trades to hit 10% targets, whilst not incurring losses. Even with a 50% win loss ratio, and aiming for a 1:1 profit...thats very disheartening. with 25k to make 2500 to get to a 100k account, you can risk losing $500 per trade. I am still to be sure, but it seems that floating losses are on unrealized losses (loss on an open trade). So even if the trade is profitable before after beign in a losing state, it will close. And this may be a cumulative figure across several trades. So 10 trades leading up to a 2% loss will be a breach. Now if this is on a daily reset, or a hard breach its not feasible. Will still see if the FAQ section has more details on this... but if this is what it is they aint getting my money. when a 100k instant funded account is over 1k
  • #42,337
  • Sep 20, 2024 8:47pm Sep 20, 2024 8:47pm
Quoting montygoldy
{quote} nope… but why dont go buy cheap evlad like bulenox has 17 buck 50k eval to play with with 90% off or buy apex 25k account also cheap
ok, i will do that.

Thanks
Intraday only.
  • #42,338
  • Sep 20, 2024 8:56pm Sep 20, 2024 8:56pm
Quoting AaronPriest
{quote} Not to mention, it's really difficult to trade copy Rithmic with Ninja Trader since their API only allows one connection at a time, where Tradovate can connect to multiple accounts at once. You have to do silly things with VPNs or VPSes and network or internet copying with Replikanto, etc. if you use more than one Rithmic account with prop firms on Ninja Trader.
One can use quantower. Way better than tradovate or any other platform for copying across different prop firms.
  • #42,339
  • Sep 20, 2024 9:27pm Sep 20, 2024 9:27pm
Quoting AaronPriest
{quote} Not to mention, it's really difficult to trade copy Rithmic with Ninja Trader since their API only allows one connection at a time, where Tradovate can connect to multiple accounts at once. You have to do silly things with VPNs or VPSes and network or internet copying with Replikanto, etc. if you use more than one Rithmic account with prop firms on Ninja Trader.
True, but I think quantower is superior to Tradeovate. Personal opinion of course.
Posted, of course, before reading through all posts....sampat beat me to it.
  • #42,340
  • Sep 20, 2024 9:42pm Sep 20, 2024 9:42pm
Quoting montygoldy
i told ta buddy we all are sleeping on mffu….. they are right there or maybe in some sense better from topstep n apex in aspect of everything as a futures prop firm… all pltaforms available, fastest approval, no grey area rules, cheapest challenges, eod drawdown, fast support etc … what else anyone want….
-A different owner?
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