Disliked{quote} I agree, my first impressions of Ninjatrader and Tradovate are not good. I am researching a software bridge to use MT4 to control the futures accounts.Ignored
1
prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} I agree, my first impressions of Ninjatrader and Tradovate are not good. I am researching a software bridge to use MT4 to control the futures accounts.Ignored
DislikedWow is it me or do these platforms just plain suck? I am humbled to have to ask such a newbie question here for something that comes so easily in MT4. After watching videos, reading through the help section, etc. I still can not figure out how to close a particular position when there are multiple positions open! Feels ridiculous, what am I missing? Example: I take a buy position on Nas100Emicro bla blah blah. Then the price moves away from me and I decide to add another NCA Buy position. Next the second position is now in profit but the first is...Ignored
Disliked{quote} Almost all high level traders specialize in 1,2, maybe 3 instruments. Another common trait is a minimal (think 1 or 2 daily) amount of trades. Much easier to manage than tracking multiple instruments accross multiple asset classes and being in and out all day. Persoanlly, I prefer being OUT of the market. The quicker and easier I can accomplish my profit goals, the better.Ignored
Disliked{quote} This may actually be better than "why did my GBPNZD trade get closed at 5 pm?....I had a 10 pip stop" Now we have folks looking for instruments to trade that aren't even there.Ignored
Disliked{quote} this doesn't really deserve a response but most people who claim to be futures gurus only trade metals and indices which are highly correlated to the usd. For me, what I like about futures over fx is the idiosyncratic movements of the commodities. The reason why I like agricultural commodities, oil, and nat gas is they move idiosyncratically. This way you can diversify, have multiple positions open without your account blowing up. That is only an advantage if you can predict everything though. If you can only trade indices or fx futures...Ignored
iS Risk employee deposition...
MFF/TGG - disgorgement cannot exceed 10M fees paid by current live accounts holders
CFTC - seeks disgorgement of 151-310M in total customer fees - 159M paid to successful customers
Court order - restraining order extended to 14th
If they get through this... Pay hefty 5-10M fine for deceptive marketing, add monthly pass fail statistics to homepage, add A/B book reality to disclaimers and contract, payout traders, reset evals in drawdown, offer 15% discount for 1-2 weeks... I think they would be back on top with FTMO in no time.
DislikedMaven
Thefundedtrader
Skilledfundedtrader
Smartproptrading
Fundingpips
e8funding
fxifyIgnored
https://ftuk.com/
DislikedSince this thread is very futures centric, I will give a list of firms to avoid for financial reasons: Maven Thefundedtrader Skilledfundedtrader Smartproptrading Fundingpips e8funding fxify Cant show my sources on this but I have them from a few groups, but if you are playing with retail props, avoid these for a while until they sort their nonsense out. Sorry I haven't had a chance to play with futures with you guys, I have been working on something semi-prop related thats not really prop related and its occupied my time a long with various other...Ignored
DislikedSample of MFF's A Book/STP group performance from CFTC case... ugly! {image}Ignored
DislikedCFTC - seeks disgorgement of 151-310M in total customer fees - 159M paid to successful customersIgnored
Disliked{quote} And idiots clamming that everybody should be A-booked, otherwise is a scam.Ignored
Disliked{quote} So, if I'm reading this correctly CFTC wants to retrieve back all payouts done ?Ignored
Disliked{quote} So, if I'm reading this correctly CFTC wants to retrieve back all payouts done ?Ignored
DislikedSample of MFF's A Book/STP group performance from CFTC case... ugly! {image} But then again, those capped losses per month on the most profitable trader group is pretty good considering they were bringing in 10-20M a month in fees.Ignored
Disliked{quote} Not sure if people have missed an interesting point from this screenshot. 3.5 billion volume on STP is a lot. Given their size maybe not but to run that volume and have a net loss of 25k it appears they did cover a huge amount of risk.Ignored
Disliked{quote} I was unsure about what the volume means. And if that was notional (which means margin is a lot less).Ignored
Disliked{quote} its notional volume of 3.5 billion. It doesn't matter about the margin thats a lot of volume for very little change in equity. Put it in perspective, if you opened 17500 lots and lost it wouldn't be -25kIgnored
Disliked{quote} its notional volume of 3.5 billion. It doesn't matter about the margin thats a lot of volume for very little change in equity. Put it in perspective, if you opened 17500 lots and lost it wouldn't be -25kIgnored