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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 Artcool
https://www.myfundedfraudsters.com/ It's crazy that Sage admits this lady has followed all the rules but still doesn't want to pay her
It's now password protected. Probably Matt trying to do some damage control. Anyway, most of it can be read here. Some of the images were lost but the majority is there.
https://web.archive.org/web/20240701...raudsters.com/
Inserted Video


A guy had a payout denied by top step and account terminated.
The video is in Italian but we can understand it with English subtitles. To me seems wrongdoing from TST. Profits were legit.

He trades ZN, which is a very quiet market most of the hours, so it's normal to have small profits.
On 8:28 we see $69 avg win and $22 avg loss in one account, 52% wins. This is not abnormal.
On 9:29 we see $41 avg win and $18 avg loss in another account, 51% wins. Also normal.

They denied (min 11:20) and directed him to the huge page of exceptions - min 12:54.

The man has no clue what rule. among all that long list, did he violated and asked. And then asked again because got no answer.
They replied that they don't disclose the exact reason (16:40). This is not correct IMO.
a lot of disconnects on Apex server yesterday, today it seems that it will continue the same way. I really do not understand how they are unable to fix it. At least they could separate Evals and PAs on 2 different servers.
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  • Edited 7:18am Jul 2, 2024 7:05am | Edited 7:18am
Quoting Capablanca
https://www.youtube.com/watch?app=de...ature=youtu.be A guy had a payout denied by top step and account terminated. The video is in Italian but we can understand it with English subtitles. To me seems wrongdoing from TST. Profits were legit. He trades ZN, which is a very quiet market most of the hours, so it's normal to have small profits. On 8:28 we see $69 avg win and $22 avg loss in one account, 52% wins. This is not abnormal. On 9:29 we see $41 avg win and $18 avg loss in another account, 51%...
Summarized the video too for those who dont want to watch it:

He used algos. Violated contract limit he thought but he doesnt know why.
Possibly the rule Trading excessive contracts in one day or unrealistic numbers.
He is profitable scalper earning ticks by ticks. 10year ZN t-note futures
He started to criticize them in his reply to their email. By asking if they are fake. Which probably just made them upset to just block him forever in future too.
He tried two payouts of about $10 000. Denied but they didnt explain exactly why.
Dozens of trades per day according to him.
Last day was a non trading day? and he failed? Thus the reason of denial according to Topstep he thought?
His last profitable day was $25 000
Next payout would been $30 000 to $40000 the following week. Thus thats why he thought they became bit "scared".

So as usual go below the radar literally the first lesson as some in the comments mentioned too with prop firm online "casinos". But he just couldnt help himself and wanted to go all in and to test to see if premium bucketshops were legit. Right...He felt bad since he wasted 10 days and his wife started to bash him for it.
Quoting labu
{quote} Summarized the video too for those who dont want to watch it: He used algos. Violated contract limit but he doesnt know why. Possibly the rule Trading excessive contracts in one day or unrealistic numbers. He is profitable scalper earning ticks by ticks. 10year ZN t-note futures He started to criticize them in his reply to their email. By asking if they are fake. Which probably just made them upset to just block him forever in future too. He tried two payouts of about $10 000. Denied but they didnt explain exactly why. Dozens of trades per...
Very good resume.

My personal opinion is that the only rule he may violated is this one: ""Trading excessive or unrealistic number of contracts in the day;"

However this is too vague and arbitrary. What is "excessive" ?
"Unrealistic" is not even considered because if trading is real, like Patak and some others say, there is nothing as "unrealistic". Either there is a real trade or not. Period!

So, we just have the "excessive". What is this ? The same way they establish max contracts held at a time, they should also have max contracts trade per day, per week, per month. Having "excessive" is too ambiguous, which is convenient to ban people.

Furthermore, it's clear that they got scared because they didn't put him in live (this is just monopoly money, contrary to what they and others say). He's working in a videogame and was able to beat the game and beat them hard.

As this was not enough they refused to explain which of those rules were violated. This is like saying that you go to jail because you violated the law, not saying what was it.

They are shady as any other prop providing videogames, when someone is winning too much.
Do not forget that ZN is very very fat market, so what is really 'excessive'?
Quoting fx_rookie
Do not forget that ZN is very very fat market, so what is really 'excessive'?
Exactly. Very big and also slow market most of the time.
And it's normal that if you're going for 1/32 or 1/16 or 1/8 USD gains you trade a lot of contracts. Anyone that ever traded Ts knows this.
Quoting pipmaster77
{quote} I am being conservative at 2%. I can do 4-5% per month. I will do 2%, their risk engine will adjust my trades and I get paid on the ACTUAL return. No pressure of daily DD, trailing DD. profit targets, etc. However, if I can maintain 2% per month over a 1.5-2 year period, I'm certain I can attract 5 million. It sounds as if Darwinex is simply not the model you are looking for. For me, it's a perfect fit.
Yes, I hope it works that way for you. I just wanted to point out that it doesn't seem that "easy" and most Darwin's haven't really grown that big in all these years, have rather average returns and also very few investors have capital of 7+ figures.

Personally, it would be important to me that I can at least make a living from trading as quickly as possible, i.e. be able to pay my living expenses, fees and taxes from the profits I make. With Darwinex this doesn't seem to be achievable so quickly, although in the long term it may be within the realm of possibility.

I also think it's wrong to pay a monthly fee just to create my track record. For me, a prop trading company like FTMO seems to be the best choice, but as I said, I would first have to find a profitable trading plan for myself that achieves sufficiently consistent profits under all the rules. I think with the maximum capitalization that FTMO offers, this would be more realistic to achieve with a constant performance of 2-3% return per month, since you can supposedly keep most of it (80-90%).
Quoting sampat
{quote} Darwin will scale down thats the beauty of it. It will not wait for MT4 to go down 5%. Once account starts loosing money ratio will scale down. For example my darwin ratio is 0.07 so even if I loose 250K (my initial 100K account + 150K profit) I will loose only 5% of total 8% profit I made. Darwin index prevents trader to make too much money at the same time loosing too much. Only way to loose too 10% is when ratio is too high like pip master is having 2.0 and go on tilt and put 10 lots of NQ trade and it goes 100-200 points in few minutes...
Exactly. Still learning, but I may actually scale risk back a bit (just a bit). I'm thinking, in this way, risk engine does it's job and at the same time, I "protect" the higher risk engine. To me, my sole job is to keep DD as low as possible and profit/DD ratio as high as possible and they kind of do the rest for me. TBH, a profit target is one less thing to worry about.
Quoting lddd
{quote} Yes, I hope it works that way for you. I just wanted to point out that it doesn't seem that "easy" and most Darwin's haven't really grown that big in all these years, have rather average returns and also very few investors have capital of 7+ figures. Personally, it would be important to me that I can at least make a living from trading as quickly as possible, i.e. be able to pay my living expenses, fees and taxes from the profits I make. With Darwinex this doesn't seem to be achievable so quickly, although in the long term it may be within...
If you just hit minimum rating of 75 first month, you are guaranteed 30K euros allocation. You keep it for 3 months. They are cumulative, so you can be trading 3 allocations by month 3. A 1% gain at 15% covers your sub fee. In essence, you build your track record for free. If I cannot hit a 75, I won't be doing Darwinex.
I'm not looking for the quick money here, I use the casino props for that.
Quoting ladder
This is TURE. If your Darwin maintains 2% per month for 3 years, you will attract well over 10 million.
I was just trying to figure out what it would take to get X amount of investor capital (i.e. without the capital that comes from Darwinex itself). You can apparently see the expected performance fees, but you can't figure out how to get a certain amount of external investor capital? From a trader's point of view, this makes it even more difficult for me to somehow calculate/foresee how and when I can expect which profits. So Darwinex seems to be more for aspiring portfolio/fund managers than really traders who want to make a living from it, is that assessment correct? So I have to work my way up for several years to even reach the capital I need, with the uncertainty of whether I'll keep it or whether all the investors will run away from me next month.
What is the case with this Lanto guy? Why his payout is denied?
I saw that Alpine trader is scalping a lot. What is the minimum ticks you can go for without a problem?
Please who can point me in the right direction, i want to create a trade explorer website for a personal and private use.

Something like this Fxblue or Forexfactory explorer, a webpage were i will see every thing, statistics, analysis of all my trading accounts with different
brokers.
Something with detailed analysis of all my trading accounts, total balance of my portfolio bring the account with different brokers together, updating every at least every 60 seconds of my trading activities including withdrawals.

I guess you understand what i need.

The reason i don't want use anything out there is privacy.

So which company do i contact to create this comprehensive data for me or who do i get in touch with?? Thank you

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THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
Quoting pipmaster77
{quote} If you just hit minimum rating of 75 first month, you are guaranteed 30K euros allocation. You keep it for 3 months. They are cumulative, so you can be trading 3 allocations by month 3. A 1% gain at 15% covers your sub fee. In essence, you build your track record for free. If I cannot hit a 75, I won't be doing Darwinex. I'm not looking for the quick money here, I use the casino props for that.
Yes, that is right. I'm not saying that I won't try it, but I'm still having a hard time understanding the system at the moment. So you get the capital for 3 months based on the performance of the current month? So if at the end of the 3rd month I still have the minimum rating to get 30k, would I then start the 4th month with 120k?
Quoting fx_rookie
What is the case with this Lanto guy? Why his payout is denied? I saw that Alpine trader is scalping a lot. What is the minimum ticks you can go for without a problem?

you can go for 4 ticks... as long as your sl is 12-16 <4:1 risk:reward
Quoting lddd
{quote} I was just trying to figure out what it would take to get X amount of investor capital (i.e. without the capital that comes from Darwinex itself). You can apparently see the expected performance fees, but you can't figure out how to get a certain amount of external investor capital? From a trader's point of view, this makes it even more difficult for me to somehow calculate/foresee how and when I can expect which profits. So Darwinex seems to be more for aspiring portfolio/fund managers than really traders who want to make a living from...
Yes, if you have an immediate need for cash, you need to be doing something on the side. Trade a personal account for living expenses and copy trade to Darwin, perhaps? Like I said, no additional work, whatever $$$ it generates is simply extra.
No, I do not believe there is a way to determine you will receive x amount of external capital if you have an x% return. I don't believe you would have that anywhere though.....the casino props can tell you because it's not real money.
Quoting lddd
{quote} Yes, that is right. I'm not saying that I won't try it, but I'm still having a hard time understanding the system at the moment. So you get the capital for 3 months based on the performance of the current month? So if at the end of the 3rd month I still have the minimum rating to get 30k, would I then start the 4th month with 120k?
3 months cumulative, so at 4th month, 1st month allocation would drop. However, if you have been that consistent for 4 months, you are absolutely on track for gold. This will lead to higher allocations and open you up to the investors.
Quoting CableJ
{quote} you can go for 4 ticks... as long as your sl is 12-16 <4:1 risk:reward
10x!
I usually trade on 5m and go for 40 ticks, but going through my stats I think to try with 15-20.
Quoting pipmaster77
{quote} 3 months cumulative, so at 4th month, 1st month allocation would drop. However, if you have been that consistent for 4 months, you are absolutely on track for gold. This will lead to higher allocations and open you up to the investors.
For gold it is same rules only thing differs is allocation is for 6 months instead of 3 months and minimum allocation is 50K. Also if you don't maintain drawdown to profit ration of 2.5 they will downgrade to silver. Another negative thing about gold is they dont look previous months performance to calculate minimum score of 75 each month is judged based on that month performance which may or may not be good.
Quoting pipmaster77
{quote} Yes, if you have an immediate need for cash, you need to be doing something on the side. Trade a personal account for living expenses and copy trade to Darwin, perhaps? Like I said, no additional work, whatever $$$ it generates is simply extra. No, I do not believe there is a way to determine you will receive x amount of external capital if you have an x% return. I don't believe you would have that anywhere though.....the casino props can tell you because it's not real money.
Yeah right. I like how you dismiss the props as casino props since US traders were blocked? I seem to remember you talking about it in a much more positive way? ( I think I'll try FTMO again once I can somehow get a plan developed. I'm having a really hard time at the moment to figure out what to do.
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