Prop Firm Hub | Page 440 | Forex Factory

Options

Go to
Permalinks
Print Thread

Featured US Prop Firms

Similar Threads

Anyone trading with a Prop firm 31 replies

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

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #8,781
  • Jun 26, 2022 6:16am Jun 26, 2022 6:16am
MFF is not about if they catch you, they will catch you, its an automated process. FTMO as well. Many groups banned by FTMO and MFF for the same thing. It makes complete sense why, you only have to look at how liquidity occurs to understand having people copying each other is bad. Forget the whole prop firms are out to get us conspiracy, you cannot execute 100 people with 50 lots each of gold on the same price. Or 1000 people with 100 lots of US30 at the same price. You will see the price feed spike every time a group takes a trade and it will only happen on their feed and all of a sudden morons are screaming "YOUR FEED IS GLITCHED AND NOT LEGIT YOU SCAMMERS".
  • #8,782
  • Jun 26, 2022 8:20am Jun 26, 2022 8:20am
Anyone has a better idea to master trading the SP500 ? I am still trying and testing for Indices trading, not for FX trading. I attached 4 currencies to the SP500 as correlation indicators. For Gold as fear indicator I replaced it with AUDUSD, for Oil as economy indicator I replaced it with inverse USDCAD, for T-Note as safe heaven indicator I replaced it with USDJPY and for outside money coming to the US, I attached EURUSD as indicator. You see in mid March it predicted right a temporary low of the SP500 for some days. Now EURUSD must go up and USDJPY down, OR SP500 must come down OR BOTH, to match each other. I know the charts depends on scaling, but actually I have no better idea for a fine tuned SP500 trading strategy. Any ideas and recommendations are welcomed. I heard with AI & ML a lot is possible.
Attached Image (click to enlarge)
Click to Enlarge Name: Corr_ExampleI.gif Size: 160 KB
  • #8,783
  • Jun 26, 2022 9:38am Jun 26, 2022 9:38am
Quoting Immortal99
....someone just got paid over $500k by FTMO .... meanwhle u guys are busy arguing how? how long? how when? how where? whom? whom what? how whom where?
  • #8,784
  • Jun 26, 2022 9:46am Jun 26, 2022 9:46am
Quoting Nsak3y
{quote} ..I also think that there are not many opportunities for retail traders to discuss shop with others..
Absolutely 1000% spot on! Even on this wonderful thread (Thank you Masterrmind ), there's only so much you would want to say. I imagine that putting out what you're making and how you're doing it isn't something you'd want to jump at in a public space..
  • #8,785
  • Jun 26, 2022 9:48am Jun 26, 2022 9:48am
Quoting TrAndy1
Anyone has a better idea to master trading the SP500 ? I am still trying and testing for Indices trading, not for FX trading. I attached 4 currencies to the SP500 as correlation indicators. For Gold as fear indicator I replaced it with AUDUSD, for Oil as economy indicator I replaced it with inverse USDCAD, for T-Note as safe heaven indicator I replaced it with USDJPY and for outside money coming to the US, I attached EURUSD as indicator. You see in mid March it predicted right a temporary low of the SP500 for some days. Now EURUSD must go up and...
You're making things complicated by thinking about all the different co-relations.
You can reach me on Telegram @ KramerFx
  • #8,786
  • Jun 26, 2022 10:03am Jun 26, 2022 10:03am
Quoting Nsak3y
I just noticed that theproptrading allows unlimited funding capital (with merging up to 500K for each account) so long as the accounts are traded separately. I do not know if they are any good since I have not been following anything on them, but this is an interesting detail.
Are you talking about the Aussie one? I'm not with them, and never have been.

However a friend of mine who got onboard early when they launched was denied an account then because (wait for it) he traded an instrument available on their MT5 platform (which they didn't say was prohibited), and made less than 20 bucks from that trade. They refused to provide the account AFTER he had passed the evaluation on a 100K account. I don't know anything else about them, but I don't want to.
  • #8,787
  • Jun 26, 2022 10:07am Jun 26, 2022 10:07am
Quoting Nsak3y
{quote}I saw a program the other day offering a done-for-you (challenges) service with a guarantee attached to it, or your money back (including the challenge fee, supposedly). I personally do not think that it is worth it, even just to save time.
Personally, I think it would have been totally worth it, except...the props don't like it; and for good reason.
  • #8,788
  • Jun 26, 2022 10:14am Jun 26, 2022 10:14am
Quoting KramerFx
{quote} How do you know this is true? Sincere question.
I don't know how MM knows, and can't say with certainty either; but I think I either read something or saw a photo of their office floor with what seemed like prop-trader setups a while ago..
  • #8,789
  • Jun 26, 2022 10:19am Jun 26, 2022 10:19am
fyi
Inserted Video
  • #8,790
  • Jun 26, 2022 10:22am Jun 26, 2022 10:22am
Quoting KramerFx
{quote} Indeed...you're an intelligent man, Masterrmind. For me, I prefer to trade my own capital, but I do not mind funding others to trade for me on prop firm accounts...money makes money...smart people divest and diversify risk..
The legal way to do this would be to purchase an account for the other trader in their name. They get paid by the prop, and profit splits would have to be a private matter between you both. This could probably suit talented traders from developing nations, but since you're looking for funded traders, like other folks have said on the thread, I'm not sure the offer would be worth it..
  • #8,791
  • Jun 26, 2022 10:28am Jun 26, 2022 10:28am
Quoting Thoughts
{quote}The legal way to do this would be to purchase an account for the other trader in their name. They get paid by the prop, and profit splits would have to be a private matter between you both. This could probably suit talented traders from developing nations, but since you're looking for funded traders, like other folks have said on the thread, I'm not sure the offer would be worth it..
1. They should have max out in their own names if they are truly good.
2. Would you risk buying the account in that fella's name?
You can reach me on Telegram @ KramerFx
  • #8,792
  • Jun 26, 2022 10:41am Jun 26, 2022 10:41am
Quoting KramerFx
{quote} 1. They should have max out in their own names if they are truly good. 2. Would you risk buying the account in that fella's name?
1. True (provided they could afford any of the accounts)
2. Nope
  • #8,793
  • Jun 26, 2022 10:48am Jun 26, 2022 10:48am
Quoting TrAndy1
Anyone has a better idea to master trading the SP500 ? I am still trying and testing for Indices trading, not for FX trading. I attached 4 currencies to the SP500 as correlation indicators. For Gold as fear indicator I replaced it with AUDUSD, for Oil as economy indicator I replaced it with inverse USDCAD, for T-Note as safe heaven indicator I replaced it with USDJPY and for outside money coming to the US, I attached EURUSD as indicator. You see in mid March it predicted right a temporary low of the SP500 for some days. Now EURUSD must go up and...
Love your thinking TrAndy.

To understand a little more, could I ask what's the tick size for your average preferred or expected TP?
  • #8,794
  • Jun 26, 2022 10:48am Jun 26, 2022 10:48am
Quoting Thoughts
{quote} 1. True (provided they could afford any of the accounts) 2. Nope
If they are making good profits, they would be able to afford.
You can reach me on Telegram @ KramerFx
  • #8,795
  • Edited 2:53pm Jun 26, 2022 11:15am | Edited 2:53pm
Quoting Thoughts
{quote}I don't know how MM knows, and can't say with certainty either; but I think I either read something or saw a photo of their office floor with what seemed like prop-trader setups a while ago..
There is one youtube video, do not ask me which one, where the CEO of FTMO is saying they have or had an own trading floor with their capital traded for some traders in their office. One who was trading futures extremely successfully as prop trader went away (to the USA ? not sure) when they started heavily on offering challenges. The CEO also said, that was the reason to provide more capital for more outside prop traders as a business, because they have experienced themselves the lack of capital. They were only trading futures if I can recall correctly. At that time CFDs trading was not popular. But he also stated to make decent gains more capital is needed for everyone making a living from prop trading. The CEO and others traded all for themselves too, but could not make decent profits because of missing capital.
  • #8,796
  • Jun 26, 2022 11:29am Jun 26, 2022 11:29am
Quoting KramerFx
{quote} You're making things complicated by thinking about all the different co-relations.
Thanks for the comment. I tried a more simple setup without co-relations and it was good this year on unseen CME tick data. This year it made me with commissions and slippage included 164 points per contract with a 65 point max DD in one month or 27 points per average month and 28 points as average DD per month. But last year there were some huge Drawdowns despite some profitability but overall I have no real trust in it. Now I will try something in between in the next weeks. Let's see.
  • #8,797
  • Jun 26, 2022 11:40am Jun 26, 2022 11:40am
Quoting TrAndy1
{quote} Thanks for the comment. I tried a more simple setup without co-relations and it was good this year on unseen CME tick data. This year it made me with commissions and slippage included 164 points per contract with a 65 point max DD in one month or 27 points per average month and 28 points as average DD per month. But last year there were some huge Drawdowns despite some profitability but overall I have no real trust in it. Now I will try something in between in the next weeks. Let's see.
K...for those distances, do you think looking at something like the spread between Dow and the S&P would make sense?
  • #8,798
  • Jun 26, 2022 12:56pm Jun 26, 2022 12:56pm
Quoting Thoughts
{quote}K...for those distances, do you think looking at something like the spread between Dow and the S&P would make sense?
Actually do not really know. But as far as I already tested, the answer is no. If you want to have indices spread a user from Elitetrader forum said that Nasdaq100 and Russell2000 spreads would make sense and should work, with short term traded too. Because the Nasdaq100 is large cap momentum and the Russell2000 is more small cap value style. So money flows between those two totally different styles. Did not check so far myself with tick data, but you can give it a try and tell us more here.
  • #8,799
  • Jun 26, 2022 2:32pm Jun 26, 2022 2:32pm
Quoting Thoughts
{quote}Love your thinking TrAndy. To understand a little more, could I ask what's the tick size for your average preferred or expected TP?
Do not have any kind of preferred or expected TP, it depends on the market and the strategy. Of course it must be profitable enough to trade it after comms and slipp.
  • #8,800
  • Jun 26, 2022 8:11pm Jun 26, 2022 8:11pm
Quoting Thoughts
{quote}I don't know how MM knows, and can't say with certainty either; but I think I either read something or saw a photo of their office floor with what seemed like prop-trader setups a while ago..
Exactly right.

Unfortunately, I have been unable to find that photo to add credit to my post.

I'm sure it will turn up sooner or later and when I find it I shall post it.

Masterrmind...........
Master your Mind then Master your Trades
56 traders viewing now