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  • #661
  • Apr 27, 2021 7:17am Apr 27, 2021 7:17am
Quoting Takisd
I sit in a few chat rooms for prop as i have mentioned before. The number of times i see people trying to calculate their drawdown rates to the cent before getting failed is astonishing. No one should be anywhere near the drawdown numbers if they are going to last in this game. Its kinda getting to the point where its just sad.
I have 10,000 max daily DD with FTMO, my R per trade is 1,000, my rule is 3x R and I am done for the day. However, if a trade is going against me, I never let it run all the way to the stop, I get out and look for a better entry or move on to another instrument. So, yes, you are absolutely correct, 1-2% per day and the platform should be shut down for the day!!
  • #662
  • Apr 27, 2021 7:31am Apr 27, 2021 7:31am
Quoting pipmaster77
{quote} I use another broker for charting and technical analysis. Simple solution.
Thanks but with respect I'm not looking for a solution. I have been in the game long enough to overcome the issue. However I do know there will be less experienced traders and especially scalpers who may not have the luxury or time to move between charts easily/quickly.


I am highlighting the point that it is a poor show from FTMO to supply data for MT4 but not cTrader especially without advising the consumer of those facts. Should not have to chart on one package execute on another. That was back in the day.to trade
There should not be a feed in the land that isn't supplying 20 years of data in today's era.

I think the feed is provided by Lmax and if my memory serves me right back in the day they used to charge extra for beyond a year or two of chart history.
  • #663
  • Apr 27, 2021 10:55am Apr 27, 2021 10:55am
Quoting pipmaster77
{quote} I have 10,000 max daily DD with FTMO, my R per trade is 1,000, my rule is 3x R and I am done for the day. However, if a trade is going against me, I never let it run all the way to the stop, I get out and look for a better entry or move on to another instrument. So, yes, you are absolutely correct, 1-2% per day and the platform should be shut down for the day!!
In my prop accounts i have retrained myself against my personal trading to never let an account go beyond 3% down. Ever. hell I will fkn walk away from the account if its down 3% ... It would mean I failed.

Others are like. HOW MUCH MONEY CAN I MAKE IF I OPEN 100 LOTS OF GOLD AND I WIN?
  • #664
  • Apr 27, 2021 12:49pm Apr 27, 2021 12:49pm
Quoting profitfarmer
{quote}...every aspiring traders should as themself this question: am i spending my time at something that can last, or am i trying to chase a unicorn?
Some good points there but regardless if the whole industry goes down, one thing is certain, if in the meantime you've become a good trader you've developed one of the best skills you could have to being able to make huge money under any circunstances for the long run. That's the best investment of your time.
  • #665
  • Apr 27, 2021 1:44pm Apr 27, 2021 1:44pm
Quoting tradista
{quote} Some good points there but regardless if the whole industry goes down, one thing is certain, if in the meantime you've become a good trader you've developed one of the best skills you could have to being able to make huge money under any circunstances for the long run. That's the best investment of your time.
looking forward for the large number of those best skilled traders able to show X months of solid track record.
if you are right, not long to wait and the likes of FTMO will start to promote in the videos not the one-hit unicorns with big gains, but those 1-2 years with them making say solid 4-5 digit monthly gains.
hold the horses! the FTMO thread running since 2017 Oct...3.5 yrs.
me for one would enjoy seeing some of those improved traders in the regular promo videos they shoot.
would you think i am only the minority, and ppl rather salivate on the huge gain, lifestyle forex (fake) videos type , or would you think they can produce more of those and less of traders lasting a long/er period, bcos probably few and far between tick that box?

oh, and i like prop trading. i do.
but not the brainless noob type of approach what so many around the forum displays, from that BS i am tired of!
this thread was looking interesting, one of maybe 3 i read nowadays, but didnt take long when free demo trial 1 day result started to pop up for "motivation"...
maybe it is my fault trying to "discuss" something there is no actual open mind to discuss beyond links to the newest popup prop and their price, or such motivating posts. my bad.
once in a while i raise my hope that maybe a thread that will be exception.
by the look it will be/is also a thread like any others on prop topic. little actual discussion. that, still, best discussed in private with very few only in details.

just to be clear: not any point is referring to 'tradista', just used his answer as the quote to my post.
rant is over. i am out.
happy trading!
Z
there is always, always another trade!!
  • #666
  • Apr 27, 2021 3:13pm Apr 27, 2021 3:13pm
Quoting FX-DON
{quote} Thanks but with respect I'm not looking for a solution. I have been in the game long enough to overcome the issue. However I do know there will be less experienced traders and especially scalpers who may not have the luxury or time to move between charts easily/quickly. I am highlighting the point that it is a poor show from FTMO to supply data for MT4 but not cTrader especially without advising the consumer of those facts. Should not have to chart on one package execute on another. That was back in the day.to trade There should not be a...
I'm guessing this is a problem mostly for someone who's back testing a strategy? Just as you said "scalpers may not have the luxury to move between charts easily/quickly",
I'm not sure a scalper with an already established strategy is wasting any time consulting years of historical price before making any instant 5 secs trading decisions.

But you're right on one thing, they should inform potential customers before hand of the shortcomings of one platform compared to another to help one make a satisfactory decision.
  • #667
  • Apr 27, 2021 10:25pm Apr 27, 2021 10:25pm
Quoting FX-DON
{quote} Sufficient if price within the prior 12 months range maybe yes but above/below is not great for me. My main point is to inform people. cTrader is my preferred platform having used for 8 or 9 years now and pretty sure others will take the challenge with that preference too and fully expect a decent chart history. FTMO should make this point clear that chart history is very limited with this platform choice. I am using personal account now for analysis but it isn't ideal, it's another screen occupied which is otherwise well used real estate....
Yes I agree with you.

I also like plenty of data and as price tests upper or lower 12 month levels the lack of additional data can be a technical concern.

I like cTrader too in fact it's my choice when compared to MT4 or MT5.

Limited data in cTrader should have been vocalised.

Masterrmind .........
Master your Mind then Master your Trades
  • #668
  • Apr 28, 2021 12:50am Apr 28, 2021 12:50am
Quoting Koop
{quote} I'm guessing this is a problem mostly for someone who's back testing a strategy? Just as you said "scalpers may not have the luxury to move between charts easily/quickly", I'm not sure a scalper with an already established strategy is wasting any time consulting years of historical price before making any instant 5 secs trading decisions. But you're right on one thing, they should inform potential customers before hand of the shortcomings of one platform compared to another to help one make a satisfactory decision.
I have scalped for years and trust me historical data is important to me, years on the market remembers it's footprints and takes the same well trodden path over and over. I digress yes that is the real issue, lack of information from FTMO. If I knew I would have selected MT4 despite not my dislike for it and not using it for so long.
  • #669
  • Apr 28, 2021 7:16am Apr 28, 2021 7:16am
Quoting FX-DON
{quote} I have scalped for years and trust me historical data is important to me, years on the market remembers it's footprints and takes the same well trodden path over and over. I digress yes that is the real issue, lack of information from FTMO. If I knew I would have selected MT4 despite not my dislike for it and not using it for so long.
Same bro and my sl is only 0.1 pip and if someone slips me then they are a scam. Historical data is only relevant to those running a HFT algo. And in retail FX historical data doesnt really exist, even if you take it direct from dukascopy or where ever the retail EA sellers say the best data is from.
Ctrader is no different, nor is saxo's platform. You might get lucky with Interactive brokers maybe when it comes to data but you didn't come here and say that. You came here and said "I have scalped for years and trust me historical data is important to me". Which would lead me to believe that either a) you haven't scalped for years, at least in a profitable way or b) you have hundreds of thousands of dollars worth of historical data sitting in servers direct from multiple prime LP's...

In my years as a broker, I have seen 1.. Just 1 person, from south korea, use historical data to scalp. It was an AI bot and he had hundreds of thousands of dollars worth of infrastructure attached to 5 of the big aggregator LP's and a cross connect on the CME.
We could only fill him toxic because all the other LP's would just drop the feed when he traded. So his spread was raw at 0.8 on eur/usd on a good day with a max 10 mio click.

You see, its these real facts that make peoples online stories hogwash. The data that goes into any retail platform is aggregated, fake and not real data. It cannot be used long term for any strategy because of the way its filtered. The only purpose of that data is to get trades to execute at best available price. Even the dealing desks themselves do not store the data required to create a trading strategy behind it.
  • #670
  • Apr 28, 2021 8:42am Apr 28, 2021 8:42am
Quoting Takisd
{quote} Same bro and my sl is only 0.1 pip and if someone slips me then they are a scam. Historical data is only relevant to those running a HFT algo. And in retail FX historical data doesnt really exist, even if you take it direct from dukascopy or where ever the retail EA sellers say the best data is from. Ctrader is no different, nor is saxo's platform. You might get lucky with Interactive brokers maybe when it comes to data but you didn't come here and say that. You came here and said "I have scalped for years and trust me historical data is...
Always one who feels they have to comment on aspects that are not relevant to the topic or indeed should not be of any concern to them and yet they insist on putting their shovel where nothing exists. The fact that you think historical data is only relevant to HFT is of course just conjecture on your part as you know nothing about me or my history. The fact you have been a broker is of no consequence either and really should make you more open minded, as just when you think you know everything and have seen everything, it turns out you haven't. Again your observation about the data being fake and aggregated is of little consequence, it has and continues to serve my needs, hence the reason for my original post and the annoyance at it not being readily available within their platform.

Why concern yourself whether or not my desire for historical data and my trading experience is hogwash or not? Rhetorical.

Ok so to be specific the main point of the post is to draw attention to the fact that the cTrader platform supplied by FTMO for their challenge only has 12 months of data for all instruments apart from EU & GU. If this is of no concern to you that is absolutely fine but it is to me.
  • #671
  • Apr 28, 2021 9:24am Apr 28, 2021 9:24am
Quoting FX-DON
{quote} Always one who feels they have to comment on aspects that are not relevant to the topic or indeed should not be of any concern to them and yet they insist on putting their shovel where nothing exists. The fact that you think historical data is only relevant to HFT is of course just conjecture on your part as you know nothing about me or my history. The fact you have been a broker is of no consequence either and really should make you more open minded, as just when you think you know everything and have seen everything, it turns out you haven't....
He doesn't know anything about you and any other. Probably, he doesn't also know anything about himself. He is rude. Not to mention those obscene posts that sometimes, I have to read from his side.

And the way he approaches every post also reveals their lack of skills and knowledge. He is pure fantasy.

Spot Forex historical data is also possible. And having only 12 months of it, clearly reveals the lack of resources to support a team of serious traders. And there is no need for "hundreds of thousands of dollars".

No worries FX-DON. It is a common practice here. Every time that someone says something that is not good for FTMO, their relatives show up with their disrespectful posts, trying to discredit the person being answered, and always distracting the attention from the asked question.

You may post some stupid thing that is good to FTMO. No one will come back to you with some theory about your lack of knowledge.
Always ready to help
  • #672
  • Apr 28, 2021 10:27am Apr 28, 2021 10:27am
Quoting FX-DON
{quote} Always one who feels they have to comment on aspects that are not relevant to the topic or indeed should not be of any concern to them and yet they insist on putting their shovel where nothing exists. The fact that you think historical data is only relevant to HFT is of course just conjecture on your part as you know nothing about me or my history. The fact you have been a broker is of no consequence either and really should make you more open minded, as just when you think you know everything and have seen everything, it turns out you haven't....

I also have been scalping for a long time and yes for me too historical data is useful. I use it in many ways, but mainly for adaptation, to optimize my params every so months, or to work on newer strategies that need a bit more forward testing(need the history for that also !) for confirmation, or that had perhaps mediocre results in the past but that have been getting better.... yes I need some of the older data to track some of that also...

Main point is, I myself understand. BUT, and I dont know your full situation so dont get me wrong, I am sharing what it is FOR ME.

If I was with FTMO, I would do what I already have been doing for years, and keep using my good old databases, accounts and platforms through which I have been already copying trades...

Anyways, good luck finding a solution that fits you best !


P.S I wish I would not hear some negative judgements here towards other fellow traders. No one knows the full situation of the other and it just sucks as a vibe, and the bitterness brings absolutely no value or deters too many if there is any, in my opinion.

I like this thread a lot thanks MasterrMind! I very much am interested in these prop firms adventures. This thread here also helped me get away from the toxic FTMO one. Unfortunately, I am a baby and am scared that it could become just as bad as the FTMO one, in terms of decency and critical thinking...

PSS IS Paul any better here, or should I keep my ignore on still ?? Dont take it personally Paul, I dont know you, but 1000s repetition too many for me back on FTMO...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #673
  • Apr 28, 2021 10:37am Apr 28, 2021 10:37am
Quoting PaulMF
{quote} He doesn't know anything about you and any other. Probably, he doesn't also know anything about himself. He is rude. Not to mention those obscene posts that sometimes, I have to read from his side. And the way he approaches every post also reveals their lack of skills and knowledge. He is pure fantasy. Spot Forex historical data is also possible. And having only 12 months of it, clearly reveals the lack of resources to support a team of serious traders. And there is no need for "hundreds of thousands of dollars". No worries FX-DON. It is...

Spot Forex historical data is a falacy. No two providers have the same data. If you are visually backtesting a strategy, then use whatever brokers data it will suffice. If you are using ticks, and raw data. Good luck. It changes regularly.

My response wasn't because I give a damn about FTMO. I don't use them anymore and have complained heavily about their data manipulation for months. I am tired of people expecting spot forex to be the CME. Expecting retail brokers with a 50k server cost and running an aggregator feed to be accurate. They are not... ever.

In order to get a feed from aggregated liquidity to the metatrader GUI you have to filter it. Metatrader, ctrader, whatever trader, is too slow to replicate all the data that is sent from liquidity and too slow to update the data accordingly. Its not to discredit, its the fact that the data doesn't mean anything. Its filtered. No broker doesn't not filter their data and depending on the number of LP's they filter it more and more. Historical data sets for backtesting EA's from whichever broker, It was once alpari, now its dukas or whatever is still filtered data. And data filtering will always change regularly depending on the liquidity adjustments of a broker or even the amount of orders the execute.

If you are visually backtesting for a strategy, that is not mathematical, then all you need is to get a platform from where ever with so much historic data and do so. But historic data does not affect anyones trading if they are not operating a mathematical system.

Good to see you again though Paul. Also good to see you aren't shitting up the FTMO thread anymore with your nonsense.
  • #674
  • Apr 28, 2021 11:39am Apr 28, 2021 11:39am
Quoting mtako
{quote} I also have been scalping for a long time and yes for me too historical data is useful. I use it in many ways, but mainly for adaptation, to optimize my params every so months, or to work on newer strategies that need a bit more forward testing(need the history for that also !) for confirmation, or that had perhaps mediocre results in the past but that have been getting better.... yes I need some of the older data to track some of that also... Main point is, I myself understand. BUT, and I dont know your full situation so dont get me wrong,...
Lol Paula is no different here. Nothing more to contribute other than to attack others and pick fights.
It's a welcome occasionally entertainment amidst the serious talks.
  • #675
  • Apr 28, 2021 11:46am Apr 28, 2021 11:46am
Quoting Takisd
{quote} Spot Forex historical data is a falacy. No two providers have the same data. If you are visually backtesting a strategy, then use whatever brokers data it will suffice. If you are using ticks, and raw data. Good luck. It changes regularly. My response wasn't because I give a damn about FTMO. I don't use them anymore and have complained heavily about their data manipulation for months. I am tired of people expecting spot forex to be the CME. Expecting retail brokers with a 50k server cost and running an aggregator feed to be accurate. They...
Quote
Spot Forex historical data is a falacy. No two providers have the same data.

No one said it has to be the same. Each source provides the data from its market.

Quote
I am tired of people expecting spot forex to be the CME. Expecting retail brokers with a 50k server cost and running an aggregator feed to be accurate. They are not... ever.

Who says it has to be?

Quote
In order to get a feed from aggregated liquidity to the metatrader GUI you have to filter it. Metatrader, ctrader, whatever trader, is too slow to replicate all the data that is sent from liquidity and too slow to update the data accordingly. Its not to discredit, its the fact that the data doesn't mean anything. Its filtered. No broker doesn't not filter their data and depending on the number of LP's they filter it more and more. Historical data sets for backtesting EA's from whichever broker, It was once alpari, now its dukas or whatever is still...

Who talked about from where some broker or the other get a feed? The topic is historical data for more than 12 months in FTMO.

Quote
If you are visually backtesting for a strategy, that is not mathematical, then all you need is to get a platform from where ever with so much historic data and do so. But historic data does not affect anyones trading if they are not operating a mathematical system.

What do you know about in which way the data is going to be used by FX-DON? FX-DON only points out that 12 months historical data is not good enough.

Quote
Good to see you again though Paul. Also good to see you aren't shitting up the FTMO thread anymore with your nonsense.

You can't find shit from my side on any post.

Just read the FX-DON post and later read your answers. You'll understand the definition of nonsense.
Always ready to help
  • #676
  • Apr 28, 2021 12:01pm Apr 28, 2021 12:01pm
Quoting profitfarmer
{quote} looking forward for the large number of those best skilled traders able to show X months of solid track record. if you are right, not long to wait and the likes of FTMO will start to promote in the videos not the one-hit unicorns with big gains, but those 1-2 years with them making say solid 4-5 digit monthly gains. hold the horses! the FTMO thread running since 2017 Oct...3.5 yrs. me for one would enjoy seeing some of those improved traders in the regular promo videos they shoot. would you think i am only the minority, and ppl rather salivate...
I have asked for those track records several times and still waiting.

I have to fight on a daily basis with many different traders, styles and backgrounds to make some profit and when I read some posts here I get lost.

From my point of view, it is inflammatory to post that someone can make 3, 4, 5 or 10% monthly without showing any proof. It is inflammatory to say that someone makes 10% one month and 5% in two consecutive months without showing any proof.

Intead, I'm the one who picks fights (Koop says) when I'm just asking for proofs of things that I have never seen. I'm the one who repeats himself 1000s times (mtako says..), when I'm just asking for proofs to those wonderful traders that arise 1000s times.
Always ready to help
  • #677
  • Apr 28, 2021 12:21pm Apr 28, 2021 12:21pm
Quoting PaulMF
{quote} I have asked for those track records several times and still waiting. I have to fight on a daily basis with many different traders, styles and backgrounds to make some profit and when I read some posts here I get lost. From my point of view, it is inflammatory to post that someone can make 3, 4, 5 or 10% monthly without showing any proof. It is inflammatory to say that someone makes 10% one month and 5% in two consecutive months without showing any proof. Intead, I'm the one who picks fights (Koop says) when I'm just asking for proofs of...
No one is obliged to show anyone proof here. You will have to chase YouTube or Instagram.
Here mostly wannabies, so take your tape recorder elsewhere please.
on a postive roll...
  • #678
  • Apr 28, 2021 12:30pm Apr 28, 2021 12:30pm
Quoting Rmg
{quote} No one is obliged to show anyone proof here. You will have to chase YouTube or Instagram. Here mostly wannabies, so take your tape recorder elsewhere please.
Who says is obliged to?

No one is obliged to say: I make (or someone else) 3, 4, 5 or 10% monthly.
Always ready to help
  • #679
  • Apr 28, 2021 12:33pm Apr 28, 2021 12:33pm
Quoting PaulMF
{quote} Who says is obliged to? No one is obliged to say: I make (or someone else) 3, 4, 5 or 10% monthly.
I made 28% in 3 weeks so what?
on a postive roll...
  • #680
  • Apr 28, 2021 12:35pm Apr 28, 2021 12:35pm
Quoting Rmg
{quote} I made 28% in 3 weeks so what?
Who asked you? I just talked about making 3, 4, 5 or 10% on a monthly basis. So what?
Always ready to help
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