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  • #30,901
  • Feb 17, 2024 2:26pm Feb 17, 2024 2:26pm
Quoting Takisd
I truly don't think people should bank on dxtrade. My opinion is that match trader will be the more likely replacement of metaquotes to firms who wish to skirt the law. Its more functional the team are better and its just a better platform in general. Plus its cheaper. Dxtrade is clunky, awful and forked off freeware.
You are 90% wrong so...Dxtrade is very good. But we don't need Dxtrade, we have a lot of prop firm with MT4 and MT5. You told as that MFF is the best prop firm in the world and now is dead. Why you don't learn to trade?
  • #30,902
  • Feb 17, 2024 2:27pm Feb 17, 2024 2:27pm
Quoting Tim_isoara
{quote} You are 90% wrong so...Dxtrade is very good. But we don't need Dxtrade, we have a lot of prop firm with MT4 and MT5. You told as that MFF is the best prop firm in the world and now is dead. Why you don't learn to trade?
If I learned to trade then what will you use to think you are smarter than me?
  • #30,903
  • Feb 17, 2024 2:30pm Feb 17, 2024 2:30pm
Quoting navk
{quote} UAE does not levy persoanl Income tax on work permit holders If one can get a work permit, ( work visa ), he is given an ID. With that ID, a bank account can be created.
You must to come 2 times in the year to keep be resident. But you can't stay 11 months in Canada
  • #30,904
  • Feb 17, 2024 2:35pm Feb 17, 2024 2:35pm
Quoting Takisd
{quote} If I learned to trade then what will you use to think you are smarter than me?
I just claim that you can't trade and you will have a good life if you can trade. Now you are hater. I don't claim that I am smarter than you. I can trade and you don't. So focus on trading don't live on forex factory.
  • #30,905
  • Feb 17, 2024 2:43pm Feb 17, 2024 2:43pm
Quoting Takisd
{quote} There are 2 countries in the world that tax people no matter what country they live. One is USA, the other is Eritrea. Australia and Canada are both discussing doing the same. Tax on any citizen regardless of location.
Again 90% wrong. You don't understand what is resident means.
So why don't answer a lawyer about conditions?
  • #30,906
  • Feb 17, 2024 2:53pm Feb 17, 2024 2:53pm
Quoting Takisd
{quote} Interesting to know, thank you.
Connected to XTB: https://www.forexfactory.com/thread/...0#post14403240
  • #30,907
  • Edited 11:44pm Feb 17, 2024 3:01pm | Edited 11:44pm
Quoting Nsak3y
{quote}-US citizens are subject to US income taxes, regardless of where they live. Some may qualify for foreign-earned income exclusion, but it is not unlimited or foolproof, and there are requirements for qualification that would prohibit you from returning home for most of the year.
You are wrong. You pay tax where you resident.But...you can't stay all year in USA and pay tax to another contry. So ask a lawyer...
  • #30,908
  • Feb 17, 2024 3:11pm Feb 17, 2024 3:11pm
Quoting Tim_isoara
You are wrong. You pay tax where you resident.But...you can stay all year in USA and pay tax to another contry. So ask a lawyer...
-Please stop. Respectfully, you do not know what you are talking about. You make comments with partial truths and then rebuttal with confusing nonsense in an effort to sound correct.
  • #30,909
  • Feb 17, 2024 3:54pm Feb 17, 2024 3:54pm
Quoting TrAndy1
Is that not martingale style ? He is at least averaging in when being in drawdown, if you do this one time it is averaging in of course, but if you do it several times, then this seems to be a method of entering a trade or do you see it different ? I think he broke the rule by martingale which is a high risk style, because you never know when the move against stops or not and then you have exponential risk against you. So I really understood the prop firm behind what they were saying to him. Other opinions ? I mean it was in their rule before, that...
I'm not watching a 40 minute video, but if you size each position and stop loss correctly there's no reason you can't average in 10 times without exceeding 1% risk.

I often take 3-5 positions using a lower lot value than I would usually take when entering a position, so that I can scale out as price moves in my favour.

If I'm stopped on all positions the aggregate stop is equivalent to the single stop if I had entered using one position but a higher lot value.

By definition martingale involves increasing bet size, which averaging down with a consistent bet size doesn't do.
  • #30,910
  • Feb 17, 2024 4:03pm Feb 17, 2024 4:03pm
Quoting EF-Hutton
{quote} BlueFX has a copier for DXtrade https://dx.trade/partners/
reliable according to your experience ?
  • #30,911
  • Feb 17, 2024 4:09pm Feb 17, 2024 4:09pm
Quoting Nsak3y
{quote}-Please stop. Respectfully, you do not know what you are talking about. You make comments with partial truths and then rebuttal with confusing nonsense in an effort to sound correct.
Hes a pro trader be careful.
  • #30,912
  • Feb 17, 2024 4:09pm Feb 17, 2024 4:09pm
Quoting TrAndy1
Is that not martingale style ? He is at least averaging in when being in drawdown, if you do this one time it is averaging in of course, but if you do it several times, then this seems to be a method of entering a trade or do you see it different ? I think he broke the rule by martingale which is a high risk style, because you never know when the move against stops or not and then you have exponential risk against you. So I really understood the prop firm behind what they were saying to him. Other opinions ? I mean it was in their rule before, that...
He does what you were considering doing.
  • #30,913
  • Feb 17, 2024 4:20pm Feb 17, 2024 4:20pm
Quoting Takisd
{quote} He does what you were considering doing.
The most famous Martingale EA is Waka Waka I have heard. But even with that EA you cannot do more than 3% per months when risking 10% as MDD. So in case here he made around 10% profits on a payout cycle. We know from statistics now that he will loose his account with Martingale style doing so much profits per month. Maybe that month was an exception. But anyway martingale style is not everywhere allowed and I know why, because you never know how long the market can go against you when you have full loaded your multiple entries. Though I do not like this rule too, as everyone needs to know on his own what to do. So you are confirming that it is martingale style which was not allowed by the prop in their initial terms. So he only got a partial payout because he is famous on social media, right ? There are also other props like ACG who do not allow all-or-nothing style or any gambling style, which is not so clear what is meant. Maybe risk per trade here, but if you do not need to place any SLs so that is not so obvious then.
  • #30,914
  • Feb 17, 2024 4:29pm Feb 17, 2024 4:29pm
Quoting TrAndy1
Is that not martingale style ? He is at least averaging in when being in drawdown, if you do this one time it is averaging in of course, but if you do it several times, then this seems to be a method of entering a trade or do you see it different ? I think he broke the rule by martingale which is a high risk style, because you never know when the move against stops or not and then you have exponential risk against you. So I really understood the prop firm behind what they were saying to him. Other opinions ? I mean it was in their rule before, that...
The issue with ALL of these "new" firms with all the rules prohibiting certain strategies is complete bullshit.......
MFF,FTMO,TFF, ...............................make 8%, 10%(FTMO), do not lose 10% total or 5% daily.................That's it
How a trader chooses to get there.....who gives a fuck. If I wish to risk 4.5% per 1 trade or 0.5% across 9 trades to make 1 position.....I am not violating the rules THEY CREATED. All of this hidden bullshit....I cannot see how anyone gives any of these firms any business.
  • #30,915
  • Feb 17, 2024 4:33pm Feb 17, 2024 4:33pm
Quoting pipmaster77
{quote} The issue with ALL of these "new" firms with all the rules prohibiting certain strategies is complete bullshit....... MFF,FTMO,TFF, ...............................make 8%, 10%(FTMO), do not lose 10% total or 5% daily.................That's it How a trader chooses to get there.....who gives a fuck. If I wish to risk 4.5% per 1 trade or 0.5% across 9 trades to make 1 position.....I am not violating the rules THEY CREATED. All of this hidden bullshit....I cannot see how anyone gives any of these firms any business.
Fully agree with you. But that is not the point I was asking here. The prop said on website no martingale style is allowed and he entered 3 times more when he was in drawdown and that way on screen when he exited it shows to me that this is martingale style or not for you ? I mean when you do something which is prohibited by the prop and you agree the terms before you enter the challenge, why to hell does he even get a partial payout then ? Because he has significant social media followers ?
  • #30,916
  • Feb 17, 2024 4:48pm Feb 17, 2024 4:48pm
Quoting TrAndy1
{quote} The most famous Martingale EA is Waka Waka I have heard. But even with that EA you cannot do more than 3% per months when risking 10% as MDD. So in case here he made around 10% profits on a payout cycle. We know from statistics now that he will loose his account with Martingale style doing so much profits per month. Maybe that month was an exception. But anyway martingale style is not everywhere allowed and I know why, because you never know how long the market can go against you when you have full loaded your multiple entries. Though I...
He hedges to pass with yolo trades. Then trades one or two yolo sets and then waits for payout on live. Or loses the live and is hedged.

Although FCF is a scam and uses fpfx. Just like FCFF. Andrew is also a dishonest person. His twitter proves that over and over again.
  • #30,917
  • Feb 17, 2024 4:53pm Feb 17, 2024 4:53pm
Quoting Takisd
{quote} He hedges to pass with yolo trades. Then trades one or two yolo sets and then waits for payout on live. Or loses the live and is hedged. Although FCF is a scam and uses fpfx. Just like FCFF. Andrew is also a dishonest person. His twitter proves that over and over again.
Yeah, that is exactly what I thought. Reverse hedging with broker live account and then lying in front of the camera. He is even not patient enough to risk less per trade.
  • #30,918
  • Feb 17, 2024 4:55pm Feb 17, 2024 4:55pm
Quoting Takisd
{quote} He hedges to pass with yolo trades. Then trades one or two yolo sets and then waits for payout on live. Or loses the live and is hedged. Although FCF is a scam and uses fpfx. Just like FCFF. Andrew is also a dishonest person. His twitter proves that over and over again.
Just a question do you strongly assume this or do you have any proofs that he is reverse trading across account and therefore always hedged ? Do you have broker interna data where you could see this from him ? Or do you have heard this from other sources, if yes, which ones please ?
  • #30,919
  • Feb 17, 2024 6:30pm Feb 17, 2024 6:30pm
Maybe end of 2024 will have better conditions than today on currency futures. Then you do not need offshore FX brokers anymore or Oanda crap. See:
https://www.cmegroup.com/markets/fx/...spot-plus.html

  1. Initially available on G7 currency pairs
  2. Complements CME FX futures and the EBS Market primary venue
  3. Improves liquidity access and transparency
  4. Expands trading possibilities across futures and spot FX
  5. Brings centralized liquidity to the fragmented FX marketplace
  6. Offers access via existing EBS/CME Globex connections

  • #30,920
  • Feb 17, 2024 6:41pm Feb 17, 2024 6:41pm
Andrew was using martingale and he is saying he isn't lol. So what do you call it when you keep going into drawdown and adding more positions with same/higher lotsizes?
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