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Anyone trading with a Prop firm 6 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

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Quoting Tobiazzek
{quote} In that case all I can say is that YOU ARE the problem, a bunch of them use pretty mechanical systems, the discretion is minimal like Scott Taylor, Sam KB is another one that is heavily statistic based. I mean IF you really have tested everything out and still don’t see anything that makes sense to you, you might as well give up.
In that case all I can say is that YOU ARE the problem He is the problem, dont waste your time with him

you might as well give up. Well said
B4 Elvis there was nothing
Quoting pipmaster77
{quote} Yes, I did this with two. One for futures and one for forex. I am considering getting 2 more for futures, and then trading DOW, NAS and S&P on 3 different accounts. Curious as to wheteher that would violate the 95% corelation rule, I'm thinking not as it's 3 separate instruments????
Correlation depends on profits and losses NOT on instrument traded. Most likely all indices goes in one direction in one day more or less percentage wise.
Also same user correlation threshold is 75 and different user 95
So I can trade gold and you can trade dow if both moves in one direction 20 days in month one with highest ranking gets selected.
Also correlation is inverse too so if both DOW and NQ moves in one direction you can't short on one and long on another.
So only way to work on separate account is to trade them individually on separate days. if you are going to do that why to have separate account just trade one daily.
Quoting sampat
{quote} Correlation depends on profits and losses NOT on instrument traded. Most likely all indices goes in one direction in one day more or less percentage wise. Also same user correlation threshold is 75 and different user 95 So I can trade gold and you can trade dow if both moves in one direction 20 days in month one with highest ranking gets selected. Also correlation is inverse too so if both DOW and NQ moves in one direction you can't short on one and long on another. So only way to work on separate account is to trade them individually on...
So I have one forex and one futures......will they be checking for corelation here as well? Completely different markets.....
Quoting pipmaster77
{quote} So I have one forex and one futures......will they be checking for corelation here as well? Completely different markets.....
Yes as technically one can go long both CFD and futures and also hedge them.
Only way to avoid correlation is not to trade them different days so there wont be any match.
Once darwin is created there is correlation tab. Chances of two different users with 95% correlation is pretty much not possible unless use same algo.
Also if you have two separate account and both of them are verified, you need to have correlation less than 75 percent. Chances of same user trading different account on same day 75% is too less, so high probability to be flagged as correlated.
Shouldn't be too difficult to trick a correlation algo by breaking up your trades into smaller sizes on one of the accounts; maybe use different take-profit sizes between accounts. If more is needed, then simply using a different time-frame for entries should be enough.

If these things do not work, then I would suspect that their correlation algo is not real.
Quoting Nsak3y
Shouldn't be too difficult to trick a correlation algo by breaking up your trades into smaller sizes on one of the accounts; maybe use different take-profit sizes between accounts. If more is needed, then simply using a different time-frame for entries should be enough. If these things do not work, then I would suspect that their correlation algo is not real.
Yea one may fool system on silver stages or till account is unverified but once trader is in golden they will closely monitor it.
Quoting sampat
{quote} Yes as technically one can go long both CFD and futures and also hedge them. Only way to avoid correlation is not to trade them different days so there wont be any match. Once darwin is created there is correlation tab. Chances of two different users with 95% correlation is pretty much not possible unless use same algo. Also if you have two separate account and both of them are verified, you need to have correlation less than 75 percent. Chances of same user trading different account on same day 75% is too less, so high probability to be...
Yes, but I am only trading the indices on futures and only currencies on forex, not doing the index CFDs. I'll see shortly, I am only keep the futures one anyway as I am really beginning to despise forex more and more on a daily basis.
Quoting Fisher755
{quote} Don't forget the 95% strategy match rule- If Darwin's strategy matches 95% or more, then only one gets funding- the one with higher % gain. You need to diversify to get funded on more then one. Prevents copy trading. {quote} The pic is TOP
Thanks for that information. I'll definitely have to keep that in mind beofre I buy another account.
Pride always comes before destruction.... -Proverbs 16:18
Quoting sampat
{quote} Yes as technically one can go long both CFD and futures and also hedge them. Only way to avoid correlation is not to trade them different days so there wont be any match. Once darwin is created there is correlation tab. Chances of two different users with 95% correlation is pretty much not possible unless use same algo. Also if you have two separate account and both of them are verified, you need to have correlation less than 75 percent. Chances of same user trading different account on same day 75% is too less, so high probability to be...
You would think that if you trade only one pair like AUD/NZD on one account and GBP/USD on another account that the correlation bewtween pairs is low enough that you wouldn't get flagged. Maybe I'm looking at this the wrong way though
Pride always comes before destruction.... -Proverbs 16:18
Quoting Expo33
{quote} You would think that if you trade only one pair like AUD/NZD on one account and GBP/USD on another account that the correlation bewtween pairs is low enough that you wouldn't get flagged. Maybe I'm looking at this the wrong way though
Lets assume pip value of both of them same. if you trade 1 lot with 10 pip stop and 10 pip target and if 75% of times both of them hit wins or losses at the same time it will be flagged as correlated. I was listening to one of the video where Darwinex was telling their intent is not to diversify assets diversify risk so if two pairs are trading similarly they will be at same risk.
They dont go asset by asset or trade by trade basis. Daily how much P&L is correlated for the month.
So if a trader makes 100$ daily with 10 trades of gold and another trader makes 100$ daily with 2 trades trading indices both of them are considered as same risk.
User correlation should be less than 75% (same user) and if different less than 95% for the month. It resets every month.
Quoting sampat
{quote} Lets assume pip value of both of them same. if you trade 1 lot with 10 pip stop and 10 pip target and if 75% of times both of them hit wins or losses at the same time it will be flagged as correlated. I was listening to one of the video where Darwinex was telling their intent is not to diversify assets diversify risk so if two pairs are trading similarly they will be at same risk. They dont go asset by asset or trade by trade basis. Daily how much P&L is correlated for the month. So if a trader makes 100$ daily with 10 trades of gold and...
What if I scalp 20 trades on one asset for 100 per day and make 2K for the month, and then on another asset make 4 swing trades with 500 profit for 2K total profit for the month?

Strange they don't advertise that you can have multiple accounts but have a system in place to make it hard to get multiple funding allocations.

Also where is this correlation information on their website?

AND........(sorry you seem to know your DZero stuff), in layman's terms, what does having a 20% VaR mean to you.

Thanks in advance. I appreciate your knowledge on these subjects!
Pride always comes before destruction.... -Proverbs 16:18
Quoting montygoldy
Asia Opens done for the day in 5 mins..... Working on 150k evals n PA ONLY... SO in total 1PA and 9Evals they will replace the approved 50kx10 as the drawdown is only 560$ left in them..... 50K ALL ACCOUNTS ON STANDBY UNTIL PAYOUT {image} {image}
Dude
Stop POSTING YOUR SHIT screenshot over here, this ain't the personal space. Its really annoying.
Get your own journal page and post your shit over there.

/end
Quoting Expo33
{quote} What if I scalp 20 trades on one asset for 100 per day and make 2K for the month, and then on another asset make 4 swing trades with 500 profit for 2K total profit for the month? Strange they don't advertise that you can have multiple accounts but have a system in place to make it hard to get multiple funding allocations. Also where is this correlation information on their website? AND........(sorry you seem to know your DZero stuff), in layman's terms, what does having a 20% VaR mean to you. Thanks in advance. I appreciate your knowledge...
Swing trade will have different P&L at the end of Day so it should be good also remember it is very unlikely unrealized profit swing trade different from closed scalps.
Correlation documentation
https://www.darwinexzero.com/docs/de...ation-analysis

The VaR or Value at Risk is a forward looking way of measuring the risk of an investment which answers the questions how much you might lose, how likely it is, and over what timespan. So 20% VAR means if I have investment of 1000$ my strategy is likely to loose 200$.
Quoting sampat
{quote} Swing trade will have different P&L at the end of Day so it should be good also remember it is very unlikely unrealized profit swing trade different from closed scalps. Correlation documentation https://www.darwinexzero.com/docs/de...ation-analysis The VaR or Value at Risk is a forward looking way of measuring the risk of an investment which answers the questions how much you might lose, how likely it is, and over what timespan. So 20% VAR means if I have investment of 1000$ my strategy is likely to loose 200$.
I just realized the correlation is to keep people from copying other traders. Probably wasn't initially intended for traders with multiple accounts

The support guy told me my VaR for the past 45 days was still at 20%. I can't see how that's possible when my max drawdown during that time was only 1%.

Anyways thanks for the info.
Pride always comes before destruction.... -Proverbs 16:18
Quoting deroty
{quote} There are lots of working systems. With more than years of published result. Look at "Waka Waka EA" and "boring pips"
waka is like an EA from an idiot, its pure martingale for cheating the dumb investors.
you should learn what is trading or gambling and simple an idea to cheat the people. any kid can program such simple things and backtest to total wins,when you are interested in cheat people with results.

never invest in such total unexperienced traders inventing an EA , its good to learn maybe why not to do trading so stupid... but basics you can learn more easy.

you should not let cheat yourself so easy and fall for such cheat/scam systems (that hide losses)! start learning the basics, it will save you a lot of money.
Quoting Expo33
{quote} I just realized the correlation is to keep people from copying other traders. Probably wasn't initially intended for traders with multiple accounts The support guy told me my VaR for the past 45 days was still at 20%. I can't see how that's possible when my max drawdown during that time was only 1%. Anyways thanks for the info.
Yes thats pretty much black box darwin thing. My gut feeling is if you have any single day with VAR 20% it will remain like credit history for 45 days (3 years credit score) I was trading 0.01 lots (2 trades daily) from last 2 weeks and My VAR is increased from 49 to 65%
Also one thing to be noted about consistency is trading 2 times 1 lot is not similar to trading 2 lots one time as per lot consistency (As per some youtubers)
Quoting Capablanca
Several rumors circulating that Smart Prop Trader is not paying for 2 or 3 weeks now and that Blake is trying to sell it. Another artist going down. What bothers me in all this is that these guys all go down very rich and with no jail time.
That’s what happens when you deal with someone that hasn’t hit puberty and started to shave yet.
Quoting sampat
{quote} Yes thats pretty much black box darwin thing. My gut feeling is if you have any single day with VAR 20% it will remain like credit history for 45 days (3 years credit score) I was trading 0.01 lots (2 trades daily) from last 2 weeks and My VAR is increased from 49 to 65% Also one thing to be noted about consistency is trading 2 times 1 lot is not similar to trading 2 lots one time as per lot consistency (As per some youtubers)
That sounds about right. When I asked the support guy in our running email conversation about that 20% VaR he basically stopped responding. Almost like, I've run out of lies so I can't respond.

That's why I may open another account and trade exactly the same lot with exactly the same risk every single trade from day 1 to infinity.

They are smart not to have a Disocrd channel because it would be blowing up daily about the VaR issue
Pride always comes before destruction.... -Proverbs 16:18
Quoting Expo33
{quote} I just realized the correlation is to keep people from copying other traders. Probably wasn't initially intended for traders with multiple accounts The support guy told me my VaR for the past 45 days was still at 20%. I can't see how that's possible when my max drawdown during that time was only 1%. Anyways thanks for the info.
Thats the smart move. Opening new account and trade lot size like max 1 lot in 100K and keeping it consistent is the way to go rather than fixing existing account. As higher Dawin ratio more returns and less work.
If anyone follows trades my matt on youtube.... he blew 20 PA which is kinda a shocker for me as i have seen his stream regularly. Pretty darn disciplined and consistent apex trader had 9k worth of drawdown on thursday....
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