Disliked{quote} You can do it once or twice with the required performance but not for 17 timesIgnored
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Disliked{quote} You can do it once or twice with the required performance but not for 17 timesIgnored
Disliked{quote} or you could do 100 trades per day and be there in 17 daysIgnored
Disliked{quote} Hey pipmaster77 It's always a pleasure! I want to point out some small mistakes you have. When you sign up for the 20K Instant Funding program, you do pay $875 to start trading on a real account, and yes, at this stage, we are not committing direct money risk, although we also do not profit if a trader loses. This stage evaluates traders. You need to earn 7% in 6 months; when you succeed, you get 50% of the profit and an 80K account. If I am not wrong, at this point in other prop firms, you have not yet completed the first evaluation step...Ignored
Disliked{quote} Hey pipmaster77 It's always a pleasure! I want to point out some small mistakes you have. When you sign up for the 20K Instant Funding program, you do pay $875 to start trading on a real account, and yes, at this stage, we are not committing direct money risk, although we also do not profit if a trader loses. This stage evaluates traders. You need to earn 7% in 6 months; when you succeed, you get 50% of the profit and an 80K account. If I am not wrong, at this point in other prop firms, you have not yet completed the first evaluation step...Ignored
Disliked{quote} and some small mistakes you've made.....you are asking for 7% profit with 4% DD.....a 175% return. The challenge model asks for 8% with 12% (67%, stage 1) and then 5% with 12% (41.6%, stage 2). So, actually, by the time one has completed your 175%, they have passed, are funded and have probably received 2or 3 payouts, which by the way, are significantly higher as the 10 times higher DD allowed permits much larger positions AND the split is 80-90% vs 50%.Ignored
Thanks.
Disliked{quote}-Just watched the video and commented with some questions. I wanted to share them here, for others. Thanks. Does the performance factor reset after the account balance is scaled up? Is the max draw-down that is used to calculate the performance factor based on the initial account balance, or, is this a relative draw-down that is based on the current balance/equity? Is the fee refundable upon successful completion? Are challenge attempts unlimited? Can partial withdrawals be made so that traders can leave some funds in the account for additional...Ignored
Disliked2. The drawdown calculated for the performance factor is a relative drawdown that is can occurred from any one of your 100trades. Once you get funded, your DD is 10% absolute, and there is no daily DD.Ignored
Disliked4. You have one free reset on the account if you are positive and didn't reach the factor target.Ignored
DislikedWe are planning to add indices, but I still do not know when it will be.Ignored
DislikedThank you for responding. I appreciate it. I was hoping that you could clarify a few things: {quote}-If a trader makes 3K profit on the account (putting them at 53K), then loses 1K, is that counted towards draw-down, or, does the trader need to drop below 50K in order to see any draw-down that would impact the performance factor? If a positive loss like this does count towards draw-down, then how does this work, because this could cause traders to have to constantly be digging themselves out of a hole in order to improve their performance factor...Ignored
DislikedHey Nsak3y * The max drawdown is calculated from the peak balance to the lowest equity that follows it. So if the traders goes from $50K to $53K and from there to $52K, there's a drawdown of (52-53)/53 = -1.89%Ignored
Disliked{quote}-Thank you. This clears things up. After looking at this more closely, it does not seem so bad since the draw-down is divided by the net profit percentage for calculating performance. At first, it seemed problematic, since the trader would be in a 1.89% draw-down, even if the account balance was positive, however, the performance factor would still be >2, which is good. The downside is that the trader must maintain a 1:2 R:R in order to satisfy the performance requirements. So, if a trader profits 5K, then loses 5K, the trader will then need...Ignored
DislikedHey Nsak3y It stays fixed at the largest drawdown, it does not accumulate. Best regardsIgnored
DislikedHello, again. I have another question relating to the Freestyle program: With regard to netting, how does this work from a trade-execution and slippage standpoint? Are all trades closed simultaneously, causing added slippage? Is there an added delay when closing out the position due to multiple position closures? Thanks.Ignored
DislikedHello, again. Regarding the Freestyle program, please consider removing or reducing the 50-trade wait period for first withdrawal. Or, please explain the reasoning for this so that traders have a better understanding. Thanks.Ignored
DislikedHey Nsak3y Netting happens automatically in the trading platform, by adjusting the position size and average prices (entry / SL / TP). So it's one position - not multiple positions - and therefore it causes no slippage or delay. Best regardsIgnored
DislikedHey Nsak3y The reason behind the 50-trade rule once funded is that we want to see seriousness, consistency, and responsibility after the evaluation phase. Basically, a trader can pass the evaluation phase by making a profit of $150. Once getting funded, a trader might want to go 'all-in' to make a profit as fast as possible since the only limitation is the 10% stop-out, and the 50-trade rule protects both us and the trader from impulsive trading. Best regardsIgnored