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  • #42,461
  • Sep 24, 2024 8:01am Sep 24, 2024 8:01am
Quoting genuine007
{quote} Yeah, there it is, but of course it incurs extra cost, as futures data is not free at all. {image}
Yep, craziest thing.....trading requires money.
  • #42,462
  • Sep 24, 2024 8:32am Sep 24, 2024 8:32am
Quoting failinforex
{quote} Yes, will verify the payout on the next request. Today add 1 more $50k. {image} If Apex extend the $85 lifetime fee I will get more.
Good JOb but i am liking 150k more than 50k..... I wont spend a dime until i get a payout........So mfffu is something i am going to work for now...... Always Payout funds further evals... I have already forgot previous winnings. Now i am starting again from zero - 400$ (6 evals and now have 5 funded) spent on MFFU need a 3600$ payout to buy further evals.... will take out 400$ out of the loop and then again start with house money.....
Extreme gut feeling trader
  • #42,463
  • Sep 24, 2024 9:20am Sep 24, 2024 9:20am
Quoting pipmaster77
{quote} Yep, craziest thing.....trading requires money.
will you put some comment on the TRADING COMPETITIONS these props organize for example funded NeXT
like 7,000 $ cash for 1st place, I am mean how is this possible that someone making 100%
means 20 times of 5% daily drawdown & 10 times of 10% max drawdown available
sometimes its even more than 100% like 150%, 200%
how is this possible to make such amount of return
like people are competing for prizes, so they are not taking it in demo sense though they are demo trading but still emotions are there
what are they using to make such huge return and following the same rules which we have to follow when we purchase their challenges
and I have seen same people again and again participating in just trading competitions either they become addicted to it or they really know something
how to tackle and perform in these TRADING COMPETITIONS
Attached Image (click to enlarge)
Click to Enlarge Name: competition.jpg Size: 116 KB
  • #42,464
  • Sep 24, 2024 10:27am Sep 24, 2024 10:27am
Quoting Expo33
{quote} Thanks for posting a video from some random nobody on the internet. So what you're saying is APEX is bad so I should use this guy's affiliate link to Tradeify? That definitely makes sense especially since Tradeify has 25 reviews on TrustPilot There's always more to the story which we rarely get from Youtube affiliate pimps {image}
He might be trading bonds or taking advantage of price lag or spreads. My personal opinion he is not scaming just like prop firm offering 1 day pass expecting consistency for 10 days. But again their house their rules. Just milk it or find another firm.
  • #42,465
  • Sep 24, 2024 4:00pm Sep 24, 2024 4:00pm
Indigo Rug pull story
Inserted Video
  • #42,466
  • Sep 24, 2024 4:47pm Sep 24, 2024 4:47pm
Quoting TrAndy1
Indigo Rug pull story https://www.youtube.com/watch?v=tPsncgIAKXo
Since fundedengineer n other went down which were a bit honourable at paying traders... Who th h@ll in sane mind will buy challenges from the good to not to know about them firms....THey are basically websites with some text nothing else. They cry over they didnot pay me, ban me blah blah.... Its on you you took the risk. At this point i feel all the prop firm youtubers are out of content so they desperately trying to create stuff specifically negative stuff about the prop firms...
Extreme gut feeling trader
  • #42,467
  • Sep 24, 2024 5:15pm Sep 24, 2024 5:15pm
Quoting montygoldy
{quote} Since fundedengineer n other went down which were a bit honourable at paying traders... Who th h@ll in sane mind will buy challenges from the good to not to know about them firms....THey are basically websites with some text nothing else. They cry over they didnot pay me, ban me blah blah.... Its on you you took the risk. At this point i feel all the prop firm youtubers are out of content so they desperately trying to create stuff specifically negative stuff about the prop firms...
Right, it's not news anymore. FTMO might survive because of sheer size, but they have all kinds of new rules to limit/cap payouts as well.
The industry is dead for forex and yes, if you actually pay for these challenges, at this point, it's more like you deserve to get scammed.
If the older ones have not been able to survive like TFTP and TFF, obviosly MFF, how the hell can someone think a 12 year old with a website is going to pay you?
  • #42,468
  • Sep 24, 2024 5:16pm Sep 24, 2024 5:16pm
Got it now. Interesting to hear that story. I was not aware of that scam.
"Lets Expose the Scam and Scammers Trying to Ruin Futures PropFirms"
Inserted Video
  • #42,469
  • Edited 6:06pm Sep 24, 2024 5:56pm | Edited 6:06pm
Quoting pipmaster77
{quote} Right, it's not news anymore. FTMO might survive because of sheer size, but they have all kinds of new rules to limit/cap payouts as well. The industry is dead for forex and yes, if you actually pay for these challenges, at this point, it's more like you deserve to get scammed. If the older ones have not been able to survive like TFTP and TFF, obviosly MFF, how the hell can someone think a 12 year old with a website is going to pay you?
The futures prop industry is relatively young based on the focus and attention they recently got. The problem is, their datafeed on sim is not comparable to live in certain instances which can lead to arbitrage profits. It is just not that much discussed here, but there are several loopholes to get guaranteed payouts aswell on futures.

1.) You only need to look what have been banned. They banned DCA for martingale profits, a sure method to gamble which can lead to short term great success with huge payouts. If lost then only a small amount for the fee is lost.

2.) Second, the negative RR "scam". You take 40 ticks risk to make 4 to 8 ticks profit. That way you can make 98% win rate with some great short term success too.

3.) The bond market scalping strat is banned now recently from Apex, where some organized group of scammers arbitraged the SIM feed on Rithmic here.

4.) Level 2 scam as you can get much better fills across 20 accounts because each account gets the fill like one account has been traded, so less slippage in SIM...

5.) ...?

6.) ...?

Let us discuss more of those strategies, so we are aware all of them. Scammers should not be rewarded against other honest traders. Futures props should know all.
Otherwise the Futures props will have same fate like the Forex props and who wants that ? Nobody of course. Every business opportunity more for us, is better for us.
  • #42,470
  • Sep 24, 2024 7:31pm Sep 24, 2024 7:31pm
Quoting TrAndy1
{quote} The futures prop industry is relatively young based on the focus and attention they recently got. The problem is, their datafeed on sim is not comparable to live in certain instances which can lead to arbitrage profits. It is just not that much discussed here, but there are several loopholes to get guaranteed payouts aswell on futures. 1.) You only need to look what have been banned. They banned DCA for martingale profits, a sure method to gamble which can lead to short term great success with huge payouts. If lost then only a small amount...
Why should be aware of that stuff ??
It’s useless discussing those strategies , we cant stop people using those strategies ,it is up to the props to deal with and ban those people

let’s stick to what makes a difference to US …thanks
  • #42,471
  • Sep 24, 2024 8:39pm Sep 24, 2024 8:39pm
It is frustrating to just be a normal trader, just trying to grab my 2.5% monthly on personal/darwin......my $50 per day on my futures props.
You have the firms implementing rules to avoid be scammed. Not just that, they also don't want to pay, if no real trading, payouts are a liability on the balance sheet.
On the other side, you have the traders trying to scam the firms, which directly affects us doing it right, as it compromises the sustainability of the firm.
I guess that is why I am so attracted to the Darwin model. It's real trading, not gambling. It's real capital, you are aligned with a common interest of being successful.
Of course, the "brokers"are no better, bucketing your deals and hoping you lose. Market making bucket shops shouldn't even be allowed to be called a broker. They are not arranging deals between buyer and seller, they are the buyer or seller.
  • #42,472
  • Sep 25, 2024 12:30am Sep 25, 2024 12:30am
Futures props are more vulnerable because they are offering the real market, which is known and public for everyone.

Anyone with a real feed, faster than the demo feed from Tradovate/Rythmic, is at an advantage in execution. It's like anticipating the future. It was just a question of time until smart guys developed systems to exploit these free risk bets.

In forex props they can mitigate this having parametrized slippage (like we saw in MFF legal case), which mitigated this.
  • #42,473
  • Sep 25, 2024 12:59am Sep 25, 2024 12:59am
Quoting Takisd
{quote} % balance equity = daily balance/equity * % = dd % balance = daily balance * % = dd Static = daily balance - fixed value (Lets use 5k on 100k as example.) If balance is 102,000 at start of day, your balance/equity cannot go below 97000. = 5k static If balance is 102,000 at start of day your balance/equity cannot go below 96900 = 5% balance dd Am I wrong on what static DD is ?
Not really if we make a more extreme example (which may be the case for swing traders).

Picking you example:
If balance is 102,000 at start of day, your balance/equity cannot go below 97,000. = 5k static
If balance is 102,000 at start of day and equity is at 106,000 (4K unrealized profits), your balance/equity cannot go below 100,700.
  • #42,474
  • Sep 25, 2024 2:47am Sep 25, 2024 2:47am
Quoting Capablanca
{quote} Not really if we make a more extreme example (which may be the case for swing traders). Picking you example: If balance is 102,000 at start of day, your balance/equity cannot go below 97,000. = 5k static If balance is 102,000 at start of day and equity is at 106,000 (4K unrealized profits), your balance/equity cannot go below 100,700.
You just confuse me even more. I did not do the balance equity example, But is your static correct? If so then i think we say the same thing.
  • #42,475
  • Sep 25, 2024 2:56am Sep 25, 2024 2:56am
Quoting Takisd
{quote} You just confuse me even more. I did not do the balance equity example, But is your static correct? If so then i think we say the same thing.
I'm passing this because right now I don't know anymore what we are discussing here
  • #42,476
  • Sep 25, 2024 2:58am Sep 25, 2024 2:58am
Quoting Capablanca
{quote} I'm passing this because right now I don't know anymore what we are discussing here
proof positive of why prop traders fail. We cant even get drawdown right.
  • #42,477
  • Sep 25, 2024 3:02am Sep 25, 2024 3:02am
Quoting Takisd
{quote} proof positive of why prop traders fail. We cant even get drawdown right.
  • #42,478
  • Sep 25, 2024 3:31am Sep 25, 2024 3:31am
Morning guys.
Is there a platform that wont let you open another trade after you reach your daily goal or loss?
  • #42,479
  • Sep 25, 2024 4:08am Sep 25, 2024 4:08am
Quoting MoHoSK
Morning guys. Is there a platform that wont let you open another trade after you reach your daily goal or loss?
I think that depends on the prop and not on the platform. There were some props that were passing people to the next phase automatically, as soon as people reached target (and so any addition trade entered by mistake would be irrelevant). If I remember well Blue, Bespoke and Lark had some thing like this.
  • #42,480
  • Sep 25, 2024 5:43am Sep 25, 2024 5:43am
Quoting Capablanca
{quote} I think that depends on the prop and not on the platform. There were some props that were passing people to the next phase automatically, as soon as people reached target (and so any addition trade entered by mistake would be irrelevant). If I remember well Blue, Bespoke and Lark had some thing like this.
Apparently you can do that in Tradovate settings. Im going to test it today.
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