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  • #18,141
  • Edited 4:28am Jul 21, 2023 4:13am | Edited 4:28am
Quoting Thoughts
{quote}Hope youre doing good Takisd. Yeap, I can confirm that. It didn't bother me previously; but whatever they use now is an itsy bitsy annoyance, I'm considering whether to invest the time to code up something to counter the effects. Still really love them though..
You shouldn't need to "counter the effects". The effects are pretty minimal and are related to what happens if you actually do get hedged in the real market.

I will scream it till the cows come home, institutional spreads that can fill a full standard lot are not 0-0.2 pips on eurusd unless the market is very very tight ranged. Basically using vwap or book depth, any slippage is bringing you in line with the market.
Tiered slippage is essentially doing that in a rough way but making hard levels of where the conditions change. TFT right now has the worst tiers i have ever seen, fundednext used to be far worse but is a little tighter now probably because they saw their business get set on fire.

The best thing someone can do and it seems many have done, is tune their strategy to handle the tiers better. I believe navK has done well to do so by chopping orders into multiple orders.

Oh I forgot to add, these systems are built to stop down the line scam complaints. For example, when you trade at a broker, they have you on b book, you go on a run and they a-book you then all of a sudden you are getting slippage to spread on volume and people start scremaing OMG I MADE MONEY AND NOW BROKER IS AGAINST ME... The truth is, b book gives way better conditions than real market and the real market is rough.
  • #18,142
  • Jul 21, 2023 4:49am Jul 21, 2023 4:49am
Quoting Takisd
{quote} You shouldn't need to "counter the effects". The effects are pretty minimal and are related to what happens if you actually do get hedged in the real market. I will scream it till the cows come home, institutional spreads that can fill a full standard lot are not 0-0.2 pips on eurusd unless the market is very very tight ranged. Basically using vwap or book depth, any slippage is bringing you in line with the market. Tiered slippage is essentially doing that in a rough way but making hard levels of where the conditions change. TFT right now...
what you keep saying A book, B book, vwap, it seems from your talks that this thing is a disaster designed just to make people lose, and if it is designed so why people are doing this when they already know they will lose?? is their any trick, hack or secret that those people have who are millionaire doing this and trading with care free state of mind..
  • #18,143
  • Jul 21, 2023 5:06am Jul 21, 2023 5:06am
Quoting Takisd
You shouldn't need to "counter the effects"..
Hey Takisd. I appreciate the expo..and I see what you're saying.

True, per chopping up orders, thats exactly what I do on entries. I'm at about 20 lots a click on the US30. I've had size up to 400 lots on occasion..the entries don't bother me none. Its the execution on exits that pose the inconvenience.

As an instance, up 25K on a trade cycle; after running low latency exit machine execution; all positions closed and profits are 22K. I can optimize the process with a spread filter, just haven't made up my mind.
  • #18,144
  • Jul 21, 2023 5:21am Jul 21, 2023 5:21am
Quoting labu
{quote} I've noticed this advice from others here. To totally gamble in evaluation stages and hope for the best. I don't understand why anyone think this is a good idea in the long run. I mean even if you trade lower lower amount in Funded stage doesn't your account slowly vaporize even so. If you arent consistent in the evaluation stages ? Since the markets are the same right. They will still act the same. Slow easy in some periods then more choppy in others. Its just that using your gamble method you try to pass the evaluation methods in the slow...
Everyone is missing the point. ADDING TO WINNING POSITIONS is the point? I don't just go all in for the hell of it. I go with longer trend, and when we get momentum, add. A little higher, add more.

It riskier, but makes sense. If the day is moving. I passed another evaluation doing this on gold a couple of days ago.

Can I fail doing this? Sure, but it works. Even if I do once or twice, the longer-term gains will cover that.

That being said, I also do analysis for several websites everyday, and am watching the markets anyways. Might as well take advantage of these firms while they are still around.

I am NOT saying you can't wait and take your time, but there are a handful of days where the market make the most gains. (This is why buy and hold works in the S&P for retirement accounts for most people.)
Just looking at things differently.
  • #18,145
  • Jul 21, 2023 7:45am Jul 21, 2023 7:45am
Quoting Expo33
I'd like to request a moment of silence. Today, we have lost one of the great pioneers in the prop firm space. {image}
I just saw her on an interview last month, she had just passed The Funded Trader and was funded. I wonder what could have happened?
  • #18,146
  • Jul 21, 2023 8:18am Jul 21, 2023 8:18am
Quoting pipmaster77
{quote} I just saw her on an interview last month, she had just passed The Funded Trader and was funded. I wonder what could have happened?
got slipped on NFP
  • #18,147
  • Jul 21, 2023 8:51am Jul 21, 2023 8:51am
Quoting Expo33
I'd like to request a moment of silence. Today, we have lost one of the great pioneers in the prop firm space. {image}
That old Brittany Spears tune comes to mind.

"Grift me baby, one more time"
  • #18,148
  • Jul 21, 2023 8:59am Jul 21, 2023 8:59am
You guys. If you already posted this new firm, I apologize. I'm only up to page 895 on the thread.

For your entertainment, I offer GLOW NODE. For real. Yes, you guessed it, another 8crap firm.
https://www.glow-node.com/

Shouldn't 8crap be maxxed out by now?
  • #18,149
  • Jul 21, 2023 9:03am Jul 21, 2023 9:03am
Quoting Expo33
I'd like to request a moment of silence. Today, we have lost one of the great pioneers in the prop firm space. {image}
We should collect money to send a wreath.

I'm already feeling some remorse for all I took from funding talent.
  • #18,150
  • Jul 21, 2023 9:04am Jul 21, 2023 9:04am
Quoting genuine007
Phase 1 passed of true forex funds Lets see with phase 2 I have to must win these challenges account and earn profit and take payouts in order to come out of trading mess and losses {image} {image}
Well done mate. You're on fire. MFF and TFF.
  • #18,151
  • Jul 21, 2023 9:06am Jul 21, 2023 9:06am
Quoting clockz71
{quote} Everyone is missing the point. ADDING TO WINNING POSITIONS is the point? I don't just go all in for the hell of it. I go with longer trend, and when we get momentum, add. A little higher, add more. It riskier, but makes sense. If the day is moving. I passed another evaluation doing this on gold a couple of days ago. Can I fail doing this? Sure, but it works. Even if I do once or twice, the longer-term gains will cover that. That being said, I also do analysis for several websites everyday, and am watching the markets anyways. Might as well...
Don't you face problems with this approach due to the daily limit (specially in the props that have equity daily DD instead of balance daily DD) ?
I think that is the main challenges of swing / medium term traders in props.
  • #18,152
  • Jul 21, 2023 9:33am Jul 21, 2023 9:33am
A reminder that MFF is having a 3rd-anniversary sale through tonight (July 21) at 5 pm EST.
15% off. Code: 3YEARSMFF
  • #18,153
  • Jul 21, 2023 11:24am Jul 21, 2023 11:24am
Quoting pipmaster77
{quote} I just saw her on an interview last month, she had just passed The Funded Trader and was funded. I wonder what could have happened?
Well, she probably has come to terms with the fact that her credibility is about as good as Merrick Garland and Anthony Fauci.
Pride always comes before destruction.... -Proverbs 16:18
  • #18,154
  • Jul 21, 2023 11:33am Jul 21, 2023 11:33am
Quoting Expo33
{quote} Well, she probably has come to terms with the fact that her credibility is about as good as Merrick Garland and Anthony Fauci.
I love the analogies.......but wait, you mean WE DON"T NEED 7 vaccines? Of course, all the key players have stepped down and yet still 50% of the country is completely blind.
  • #18,155
  • Jul 21, 2023 11:38am Jul 21, 2023 11:38am
Quoting Expo33
I'd like to request a moment of silence. Today, we have lost one of the great pioneers in the prop firm space. {image}
Sorry to see this post.

Onething pl. keep in mind.

We traders loose money, hence wealth, home, prosperity, and finally all.

There are many cases.

Prop firms.. Jessika... lost too and she lost due to not much knowledge and clever traders robbed her if If i remember right.

She finds a way to another life. Best wishes to her.

We, traders, inspite of losses, stick on to this. And that is also sad part.
Intraday only.
  • #18,156
  • Jul 21, 2023 2:12pm Jul 21, 2023 2:12pm
Quoting navk
{quote} Sorry to see this post. Onething pl. keep in mind. We traders loose money, hence wealth, home, prosperity, and finally all. There are many cases. Prop firms.. Jessika... lost too and she lost due to not much knowledge and clever traders robbed her if If i remember right. She finds a way to another life. Best wishes to her. We, traders, inspite of losses, stick on to this. And that is also sad part.
Jessica lost due to ego and the inability to ask for help without threatening everyone.

She decided to undercut the market and put 0 spread, whilst getting scammed by cue banks, which everyone knows is a scammer anyway. Then when she was burning and flailing started to point fingers at everyone else.

Ultimately, it was her own fault she failed because she tried to cheat but instead got cheated on.
  • #18,157
  • Jul 21, 2023 2:14pm Jul 21, 2023 2:14pm
Quoting pipmaster77
{quote} I love the analogies.......but wait, you mean WE DON"T NEED 7 vaccines? Of course, all the key players have stepped down and yet still 50% of the country is completely blind.
vax me baby yeh
  • #18,158
  • Edited 3:06pm Jul 21, 2023 2:42pm | Edited 3:06pm
Anybody change their phase 1 risk approach based on unlimited?

Josh @ MFF mentioned that it's basically a marketing gimmick & not much will change. He also thinks less people will pass now since a large % that eventually passed phase 1 were lucky yolos at the end of 30d eval period.

I'm not sure if I would rather....
a. 1-4 months to pass phase 1 @ responsible risk, not losing accounts but having to waste time digging out of potential drawdowns
b. <1 month to pass @ gambling risk, blowing accounts 35-40% of the time but possibly passing 1-2 more challenges in the same time as scenario a.
  • #18,159
  • Edited 3:11pm Jul 21, 2023 2:58pm | Edited 3:11pm
Quoting Takisd
{quote} Jessica lost due to ego and the inability to ask for help without threatening everyone. She decided to undercut the market and put 0 spread, whilst getting scammed by cue banks, which everyone knows is a scammer anyway. Then when she was burning and flailing started to point fingers at everyone else. Ultimately, it was her own fault she failed because she tried to cheat but instead got cheated on.
whatever of Jessika... old. That does not matter now. she has now realized what is good for her.

Criticising a trader or Fund owner individual who lost money..is not in good taste.

Traders inspite of loosing stay on with ego.

That is the difference.

The fact is i was sympathetic to Jessika. Nothing more nothing less.

I lost one challenge money with Funding talent.
Intraday only.
  • #18,160
  • Jul 21, 2023 3:15pm Jul 21, 2023 3:15pm
Quoting CableJ
Anybody change their phase 1 risk approach based on unlimited? Josh @ MFF mentioned that it's basically a marketing gimmick & not much will change. He also thinks less people will pass now since a large % that eventually passed phase 1 were lucky yolos at the end of 30d eval period. I'm not sure if I would rather.... a. 1-4 months to pass phase 1 @ responsible risk, not losing accounts but having to waste time digging out of potential drawdowns b. <1 month to pass @ gambling risk, blowing accounts 35-40% of the time but possibly passing 1-2 more...
I did mention the samething in this thread, people did not accept my view.

IMO, the traders with edge only ( highest accuracy combined with strict risk management ) can pass eval.
Intraday only.
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