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Prop Firm Elite

  • #81
  • Nov 19, 2021 7:26am Nov 19, 2021 7:26am
Quoting Waveskierrob
{quote}
You promised to subscribe
  • #82
  • Nov 19, 2021 7:28am Nov 19, 2021 7:28am
Quoting JotaP
This is a new proprietary firm called Blue Guardian Capital. {image} There is something innovative about these young entrepreneurs . They cap the payouts at 4%.
"They cap the payouts at 4%" Not true.
  • #83
  • Nov 19, 2021 7:40am Nov 19, 2021 7:40am
Quoting Tim_isoara
{quote} Not true. They copy trades from demo accounts to real account.
This is exactly something they have never demonstrated, and it does not seem to be functional the way they described it.

However, even if they do it, retail traders still use the demo accounts.

I appreciated that you are so combative and fight till the end of your arguments but you have to surrender. Sorry.
Follow your guts, if you want to lose your money...
  • #84
  • Nov 19, 2021 7:42am Nov 19, 2021 7:42am
Quoting Tim_isoara
{quote} "They cap the payouts at 4%" Not true.
Yes, they have been watching what I said.

Attached Image
Follow your guts, if you want to lose your money...
  • #85
  • Nov 19, 2021 10:39am Nov 19, 2021 10:39am
Quoting PaulMF
{quote} I have to say something. They seem smart guys in those pictures.
I tend to agree, the cartoons are cute.
I may even risk a challenge with them, will think about it over the weekend.
Follow your guts, if you want to lose your money...
  • #86
  • Nov 19, 2021 1:18pm Nov 19, 2021 1:18pm
Quoting JotaP
{quote} I tend to agree, the cartoons are cute. I may even risk a challenge with them, will think about it over the weekend.
You already know what I think about that
Always ready to help
  • #87
  • Nov 19, 2021 2:32pm Nov 19, 2021 2:32pm
Quoting JotaP
{quote} This is exactly something they have never demonstrated, and it does not seem to be functional the way they described it. However, even if they do it, retail traders still use the demo accounts. I appreciated that you are so combative and fight till the end of your arguments but you have to surrender. Sorry.
"You know what? FTMO only uses Demo Accounts! "
Not true. FTMO use demo and real accounts.
  • #88
  • Nov 19, 2021 2:54pm Nov 19, 2021 2:54pm
Not true. FTMO uses real and demo accounts. You are wrong.
  • #89
  • Edited 8:44pm Nov 19, 2021 8:32pm | Edited 8:44pm
Quoting PaulMF
{quote} You already know what I think about that
My purpose is to deal with existing prop-gambling firms and help them improve their models in a such a way that they will not violate customer rights. My main interventions this far are:
1- I had subscribed to E8Funding Challenge. They have no basic knowledge of Forex Trading, to the point that essential currency pair was missing from the portfolio. The Symbols menu is illogically organized with all instrument categories in same folder. I asked for a refund. They tried to dispute part of the refund, something like $15.00 for the Paypal commissions. For me, is enough. Probably, they should continue in the Construction & Landscape business. Now, they boast to have reached the 1000 subscribers, come on Dylan, stop.
2- I subscribed to the The5ers 100K Bootcamp. I produced a post wondering the reason some pairs require an absurd margin (post https://www.forexfactory.com/thread/...0#post13777360). They did not fix it while coming up with arguments that don't stick. We all know that the The5ers is typically one of retail traders's last choices because their terms are very though and traders profitability is very marginal. I have also criticized their use of the forum thread to post BabyBips level trading teachings when they announce that their model is for Professional traders - a pure contradiction.
3- I subscribed to a MyForexFunds Challenge. Although many people here love their model I am sceptical. Their finances appear to be unbalanced and they are delaying the progression stages in order to gain time for the new subscriptions cash inflow to fill the pipeline. It looks like a pre-Ponzi situation. Let's see, they have the benefit of the doubt.

Have a good weekend!
Follow your guts, if you want to lose your money...
  • #90
  • Nov 19, 2021 8:34pm Nov 19, 2021 8:34pm
Quoting Tim_isoara
{quote} "You know what? FTMO only uses Demo Accounts! " Not true. FTMO use demo and real accounts.
Tell me more about your surprising findings.
Follow your guts, if you want to lose your money...
  • #91
  • Nov 19, 2021 8:35pm Nov 19, 2021 8:35pm
Quoting Ihlas
Not true. FTMO uses real and demo accounts. You are wrong.
Tell me more about your astonishing findings.
Follow your guts, if you want to lose your money...
  • #92
  • Nov 19, 2021 9:43pm Nov 19, 2021 9:43pm
Blue Guardian Capital actually looks pretty good.
I think it is the first 'no condition' funder I have ever seen.
If we can ignore suspicions about Ponzi schemes and no pay outs, and questionable founders' FX trading experience, it is pretty attractive.

I haven't read all the talks about them here or other threads but leaving the above mentioned suspicions, is there anything else wrong with them?

So far what I don't understand is these 2 terms:

4. Trading at a time of a market flash crash
5. Use of the guarantee of compliance with limit orders

Firstly, by definition, a flash crash is unpredictable, sudden and of various depth and length.
You could be in an ordinary trade and nothing is going and you step away and boom it goes. Why should that be called a Predatory trading practice?
Do they at least give you a break if you were in the trade/trades beforehand?

Secondly, what does "Use of the guarantee of compliance with limit orders" even mean and why is it a Predatory trading practice and while on the subject, how is it done and how can it be used to make money?
  • #93
  • Nov 20, 2021 12:10am Nov 20, 2021 12:10am
Quoting JotaP
{quote} Tell me more about your astonishing findings.
It was a joke just replaced the places
  • #94
  • Nov 20, 2021 1:16am Nov 20, 2021 1:16am
Finally a funder that doesn't mind no SL.
Attached Image
  • #95
  • Nov 20, 2021 1:18am Nov 20, 2021 1:18am
Quoting Ihlas
{quote} It was a joke just replaced the places
Nice one.
Follow your guts, if you want to lose your money...
  • #96
  • Nov 20, 2021 1:26am Nov 20, 2021 1:26am
Quoting OutThere
Blue Guardian Capital actually looks pretty good. I think it is the first 'no condition' funder I have ever seen. If we can ignore suspicions about Ponzi schemes and no pay outs, and questionable founders' FX trading experience, it is pretty attractive. I haven't read all the talks about them here or other threads but leaving the above mentioned suspicions, is there anything else wrong with them? So far what I don't understand is these 2 terms: 4. Trading at a time of a market flash crash 5. Use of the guarantee of compliance with limit orders Firstly,...
I think there are a few things wrong about them. They are committed to produce big omelettes and we don't see where the eggs will come from.

They lowered the Phase 1 Profit Target to 6%. With this small target I will not be surprised more than 1/3 subscribers will pass to the funding stage, in particular because some traders act fearlessly and trade huge lots in the evaluation stages, so they can make 6% in a couple of lucky strikes.
Assuming that, and that the average paid subscription is $400, we see that each $1200 in payments generate one funded trader.
To the funded trader, they return the paid subscription, so they are left with $800 to cover the future profits of the funded trader.
Surely, many traders will fail in the first couple of months as a funded trader. However, it will be enough a small number to persist month after month to create an expensive liability to the firm. Even worst, with uncapped payouts, if a couple of traders take a huge profit this will create serious problems to their Accounting Department.

I think they copied the Legal Market Compliance Terms from somewhere. In general, retail traders can't produce Data Freezing, Delayed Data Feed and other peculiars.
I am not sure what they mean about 5. Some brokers guarantee compliance when the trader pays extra (sort of a risk insurance policy). This is because when liquidity is small, significant gaps may exist and then significant slippage. So, the broker fills the order as if no gap existed. This may be useful for stop losses. I don't know if they mean that we can't pay Purple Trading for that, otherwise does not make sense.
Follow your guts, if you want to lose your money...
  • #97
  • Nov 20, 2021 3:06am Nov 20, 2021 3:06am
Aren't there any prop firms who seeks *ucking great traders with good ideas and strategies?
Sure, they can PM me if they want one.J\K
  • #98
  • Nov 20, 2021 5:30am Nov 20, 2021 5:30am
Quoting Ihlas
Aren't there any prop firms who seeks *ucking great traders with good ideas and strategies? Sure, they can PM me if they want one.J\K
I suggest you make a mailing list and spam them until they give you a job.
Follow your guts, if you want to lose your money...
  • #99
  • Nov 20, 2021 6:19am Nov 20, 2021 6:19am
Quoting JotaP
{quote} I suggest you make a mailing list and spam them until they give you a job.
Nah, I won't sell the ideas and strategies. Better they email me for job offer split 10/90.
Too many pips in the FX for one account, at least they can get a piece while the cake with candles is mine.
  • #100
  • Nov 20, 2021 6:54am Nov 20, 2021 6:54am
Quoting Ihlas
{quote} Nah, I won't sell the ideas and strategies. Better they email me for job offer split 10/90. Too many pips in the FX for one account, at least they can get a piece while the cake with candles is mine.
Of course and I hope you make it happen that way.
Follow your guts, if you want to lose your money...
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