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  • #24,981
  • Oct 30, 2023 11:21am Oct 30, 2023 11:21am
Quoting Cryptosurf
{quote} And no shenanigans you see in FX Prop, IP address issues, etc. There’s big opportunities in Future Props that people are missing out on.
I may have to revisit that but my idea is that all of them are trailing stop and most of them intraday real time.
  • #24,982
  • Oct 30, 2023 11:23am Oct 30, 2023 11:23am
Quoting Artcool
{quote} I'd just drink 10 shots of vodka, wait a little bit and switch on the video. Should do the trick.
Quoting AaronPriest
{quote} I'd send an awkwardly uncomfortable 30 second video of me staring at the camera... and then at the very end say, "Mmmmm-yeah... it's OK." and end video. LOL
See ? Team brainstorm is already producing solutions
  • #24,983
  • Edited 11:50am Oct 30, 2023 11:31am | Edited 11:50am
Quoting Capablanca
{quote} {quote} See ? Team brainstorm is already producing solutions
When video starts you could say first you have Tourette Syndrome. Then continue what you always wanted to say (when they probably don't do payouts assuming).
  • #24,984
  • Oct 30, 2023 11:57am Oct 30, 2023 11:57am
Bahamas is implementing a 15% corporate tax in 2024 (because of OECD pressure). After Portugal, Puerto Rico and Thailand, VAE, this is another country destroying zero tax expats.
  • #24,985
  • Oct 30, 2023 12:28pm Oct 30, 2023 12:28pm
Can anyone tell how much is a learning curve for Intermediate Forex trader to move to FUTURES specifically FUTURE PROP FIRMS
Extreme gut feeling trader
  • #24,986
  • Oct 30, 2023 12:30pm Oct 30, 2023 12:30pm
Quoting montygoldy
Can anyone tell how much is a learning curve for Intermediate Forex trader to move to FUTURES specifically FUTURE PROP FIRMS
With their trailings DD forget it. It is much, much more difficult.
  • #24,987
  • Oct 30, 2023 12:33pm Oct 30, 2023 12:33pm
Quoting Cryptosurf
{quote} And no shenanigans you see in FX Prop, IP address issues, etc. There’s big opportunities in Future Props that people are missing out on.
Also, it appears the Futures prop firms are already registered with our 'friends' the CFTC.

Challenges at Apex when on sale are dirt cheap ($16.xx to $18.xx for 50k). They have another 90% off sale now through the 7th, I think it is. If you choose Tradovate for your platform (NinjaTrader), you have lots of options to use instead of Tradovate including Trading View which many people like. This is what I'm doing. Watched videos on how to connect Tradovate to TV. Now learning my way around TV. TP goal is 6% ($3k) for the 50k level. Trailing DD of $2500.

I don't find trading Futures much different than CFDs on FTMO demo challenges (I never had a live account).
  • #24,988
  • Oct 30, 2023 12:41pm Oct 30, 2023 12:41pm
Quoting TrAndy1
{quote} With their trailings DD forget it. It is much, much more difficult.
I considered the trailing DD with Apex Trader Funding. I usually detest trailing DDs but made an exception. First, the challenge price is dirt cheap. If I screw up, I'm out $18.70 (price for Tradovate option $50k challenge). This pales in comparison to the cost of a $50k challenge with 5ers or FTMO. Second, the DD is $2500 or 5%. For me that is more than adequate using RR and money management.

I would only purchase when they have a sale (they seem to have 70-90% off sales regularly). Also, your next month (if you don't pass in 30 day period from day of purchase), is 80% off thereafter until you do. Or, you can cancel and buy a new challenge.
  • #24,989
  • Oct 30, 2023 12:57pm Oct 30, 2023 12:57pm
Quoting montygoldy
Can anyone tell how much is a learning curve for Intermediate Forex trader to move to FUTURES specifically FUTURE PROP FIRMS
If you’re not pulling regular profit from FX, you won’t do any better with futures.
Trade with confidence, trade without fear.
  • #24,990
  • Oct 30, 2023 12:59pm Oct 30, 2023 12:59pm
Quoting ForexGalVA
{quote} I considered the trailing DD with Apex Trader Funding. I usually detest trailing DDs but made an exception. First, the challenge price is dirt cheap. If I screw up, I'm out $18.70 (price for Tradovate option $50k challenge). This pales in comparison to the cost of a $50k challenge with 5ers or FTMO. Second, the DD is $2500 or 5%. For me that is more than adequate using RR and money management. I would only purchase when they have a sale (they seem to have 70-90% off sales regularly). Also, your next month (if you don't pass in 30 day period...
Don’t listen to that numpty, there’s plenty of opportunity with Apex, you’re on the right track.
Trade with confidence, trade without fear.
  • #24,991
  • Oct 30, 2023 1:00pm Oct 30, 2023 1:00pm
Quoting ForexGalVA
{quote} I considered the trailing DD with Apex Trader Funding. I usually detest trailing DDs but made an exception. First, the challenge price is dirt cheap. If I screw up, I'm out $18.70 (price for Tradovate option $50k challenge). This pales in comparison to the cost of a $50k challenge with 5ers or FTMO. Second, the DD is $2500 or 5%. For me that is more than adequate using RR and money management. I would only purchase when they have a sale (they seem to have 70-90% off sales regularly). Also, your next month (if you don't pass in 30 day period...
What about professional data fees for EACH account you get funded ?

"
You have the choice on that check out page to choose a monthly Rithmic PA Fee option of $85 monthly, or you have an option for a one time, Lifetime Payment for that particular account. NOTE: Once you choose monthly or Lifetime, you are not able to change it later on this particular account.

25k PA Activation Account Lifetime Fee $130
50k PA Activation Account Lifetime Fee $140
75k PA Activation Account Lifetime Fee $180
100k PA Activation Account Lifetime Fee
(full and static account) $220
150k PA Activation Account Lifetime Fee $260
250k PA Activation Account Lifetime Fee $300
300k PA Activation Account Lifetime Fee $340

You have the choice on that check out page to choose a monthly Tradovate PA Fee option of $105 monthly, or you have an option for a one time, Lifetime Payment for that particular account. NOTE: Once you choose monthly or Lifetime, you are not able to change it later on this particular account.
25k PA Tradovate Activation Account Lifetime Fee $150
50k PA Tradovate Activation Account Lifetime Fee $160
75k PA Tradovate Activation Account Lifetime Fee $200
100k PA Tradovate Activation Account Lifetime Fee $240
150k PA Tradovate Activation Account Lifetime Fee $280
250k PA Tradovate Activation Account Lifetime Fee $320
300k PA Tradovate Activation Account Lifetime Fee $360"
  • #24,992
  • Oct 30, 2023 1:02pm Oct 30, 2023 1:02pm
Quoting Cryptosurf
{quote} If you’re not pulling regular profit from FX, you won’t do any better with futures.
Making enough to fund my other endeavours. Nearly 2 years away from my goal of being fulltime trader (AIMING FOR MID/HIGH END OF 6 FIGURE PERSONAL ACCOUNT BEFORE TURNING FULLTIME). BTW my last deposit in forex was literally 5 years ago. After that its only reinvesting my profits to play around.
Extreme gut feeling trader
  • #24,993
  • Oct 30, 2023 1:05pm Oct 30, 2023 1:05pm
More consistency rules on Apex nobody wants to hear. But here is it:

"
It will trail by the max drawdown until you reach the max drawdown plus $100, i.e., if max drawdown is $2500 on a $50,000 account, it will stop trailing at $50,100. NOTE: PA trailing stops at Threshold plus $100, as where Evaluation accounts can continue to trail longer until profit goal is reached. This is a big advantage with PA accounts!

You can trade up to your max contracts. No contracts can be added. You would need to add an additional account instead.
There are limits on the first three payouts, then no cap on the fourth payout as shown here: https://apextraderfunding.zendesk.com/knowledge/articles/4405136448411/en-us?brand_id=1260802074550
Withdrawals can be made monthly at the end of the month.
You keep 100% of the first $25,000, and 90% of the profits thereafter.
You cancel your evaluation account and no longer incur the evaluation fee for it.
There is a PA fee of $85 (Rithmic) $105 (Tradovate) per month or you can chose a one-time fee that varies by account size, which is an all-inclusive fee for non-professional traders.
You continue to get to use the Free NinjaTrader License Key.

Trade during the news - your normal Trading Strategy, we do not allow news Trading strategies or news directional or multi directional news trades of any kind, these are prohibited. Straddles, strangles, or any type of news trading is prohibited and considered high risk and the pursuit of lucky windfalls that can place funds at high risk and not accepted.

At no time can a trader be both long and short in their accounts, nor multiple accounts, nor in arrangement with other trader/s. This result in immediate closure of accounts and forfeiture of accounts and funds.

Trader understands Company is seeking "to fund and payout" traders who follow a consistent trading plan in size, stops, and targets. This means not trading max contracts on one trade, seeking “lucky windfalls” while trading micros the rest of the time, not constantly changing sizes, not dollar cost averaging, not doing high-frequency trading, and being consistent in the trading plan, including your entries, stops, and take profits. Trader funding and paid funded is designed to be a long-term relationship of consistency and steady growth for both parties"

---------------------------------

"
When The Apex Trailing Threshold Is Calculated?

The trailing threshold is calculated Intra trade.

It is important to point out that the allowed minimum balance is not determined by the account’s value when a trade is closed but rather by the highest balance the trader attained on the account at any time while trading in the market.
Let’s start with the $100K account size, and let us assume that the trader made open a trade that gets the balance to $103,000, but the trader does not close the trade with that profits, but he closes that trade when the balance is $102,500.
The acceptable minimum balance, in this case, is not:
$102,500 – $3,000 = $99,500
But rather is:
$103,000 – $3,000 = $100,000

You enter a trade and get up to $52,000, but don't close the trade until your balance is at $51,000. Then, your threshold will be $49,500 ($2,500 behind the highest live value of $52,000).

So, as you can see, the drawdown threshold liquidation is not based on when you close the trade but is based on the highest balance of when you are in a trade.

This is important to keep in mind, especially if you are trailing trades, since when you give up profit on the trail, you still raise your trailing threshold."


++++++++++++++++++++++++++++
COMMENT:
With these live trailing max. Drawdown and also the discretionary consistency rules what APEX is looking for you cannot make it more difficult for any trader. I cannot imagine more difficulty than this!
  • #24,994
  • Oct 30, 2023 1:07pm Oct 30, 2023 1:07pm
Quoting ForexGalVA
{quote} I considered the trailing DD with Apex Trader Funding. I usually detest trailing DDs but made an exception. First, the challenge price is dirt cheap. If I screw up, I'm out $18.70 (price for Tradovate option $50k challenge). This pales in comparison to the cost of a $50k challenge with 5ers or FTMO. Second, the DD is $2500 or 5%. For me that is more than adequate using RR and money management. I would only purchase when they have a sale (they seem to have 70-90% off sales regularly). Also, your next month (if you don't pass in 30 day period...
Any bad news about payouts or everything fine with them ?
  • #24,995
  • Oct 30, 2023 1:11pm Oct 30, 2023 1:11pm
Quoting CableJ
{quote} It's quite interesting... since MFF's shutdown, I have not seen any denied payment issues on the retail futures prop side (Apex, Tradeday, Topstep, Tick tick, Uprofit, Earn2trade, Bulenox ect.) I'm actually live @ Apex with 4 50Ks... I yoloed all 4 evals during their last 90% off sale @ $16 each. I'm currently 2% away from their payout threshold so I will see how the payout process works out.

Are Futures Prop any good? I know nothing about them. Will start researching.
  • #24,996
  • Oct 30, 2023 1:21pm Oct 30, 2023 1:21pm
Quoting montygoldy
{quote} Making enough to fund my other endeavours. Nearly 2 years away from my goal of being fulltime trader (AIMING FOR MID/HIGH END OF 6 FIGURE PERSONAL ACCOUNT BEFORE TURNING FULLTIME). BTW my last deposit in forex was literally 5 years ago. After that its only reinvesting my profits to play around.
Then pull the trigger and go for it.
Trade with confidence, trade without fear.
  • #24,997
  • Oct 30, 2023 1:26pm Oct 30, 2023 1:26pm
Quoting TrAndy1
I cannot imagine more difficulty than this!
Because you're not really who you pretend to be. For someone who "Trades for a hedge fund" you seem to be clueless af.
Trade with confidence, trade without fear.
  • #24,998
  • Oct 30, 2023 1:34pm Oct 30, 2023 1:34pm
I can only warn against APEX. From what I read on trustpilot that they are removing negative reviews and pay for positive reviews. And they have many (!) consistency rules when you are funded for sure. If you cannot list all their rules before you start here then you do a mistake. Also other fut props do not have live trailing DD.
  • #24,999
  • Oct 30, 2023 1:37pm Oct 30, 2023 1:37pm
Quoting montygoldy
Can anyone tell how much is a learning curve for Intermediate Forex trader to move to FUTURES specifically FUTURE PROP FIRMS
Good place to start is go to a Futures Only forum like NexusFi community
Trade with confidence, trade without fear.
  • #25,000
  • Oct 30, 2023 1:39pm Oct 30, 2023 1:39pm
Quoting youngD
{quote} I was waiting 2 weeks for small withdrawal, plenty on people complaining for delays, also you have to go to fxify telegram and ask there. Why promote joining them now. No reason.
Not promoting anything just passing along information and then "adults" can make decisions.
Pride always comes before destruction.... -Proverbs 16:18
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