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  • #34,221
  • Apr 6, 2024 2:25am Apr 6, 2024 2:25am
Quoting FocusWinReal
{quote} So what platform is Funded Engineer using now if you know? Tried looking at the website but can't find shit other than how good they are messaging.
MT5.

No one knows what is happening with metaquotes so my understanding is they and a few others are hiding that fact. Its fine.
  • #34,222
  • Apr 6, 2024 2:38am Apr 6, 2024 2:38am
Quoting Takisd
{quote} MT5. No one knows what is happening with metaquotes so my understanding is they and a few others are hiding that fact. Its fine.
Ok thanks.
  • #34,223
  • Apr 6, 2024 3:09am Apr 6, 2024 3:09am
Quoting CableJ
{quote} Apex also earn on resets + >30d renewals instead of unlimited time for free. The common 80% discount + activation fee combo cost is simply in line with slightly discounted evals for same DD on FX side. Eval+PA cost is also non refundable. Trailing + 30% consistency + 10 trading day min (only 20% 1 micro days) also destroys yoloers in live stage. There is also no meta trader for an avalanche of scammers & cheaters to take advantage of. Apex also has a grey beard running the company instead of some 20 year old that purchased "a prop in a box"...
Is the reset any worth when they're running almost a permanent +80% discount ?
  • #34,224
  • Apr 6, 2024 3:11am Apr 6, 2024 3:11am
Quoting CableJ
{quote} I almost got my head chopped off in here when I 1st mentioned Apex as an option last summer lol... The recent point of view shift is heavily skewed by my fellow Americans who have gotten royally screwed and forced out the FX prop market in recent months. If you're outside the US, there are still viable options available and the big brokers getting involved is good news for traders outside the US.
I would still chop your head today if you would propose me a trailing stop anything if I had an ocean of decent forex props paying
  • #34,225
  • Apr 6, 2024 4:36am Apr 6, 2024 4:36am
Takisd any insight on this guy that created Real Funds Trader ?
https://twitter.com/gocholive
  • #34,226
  • Apr 6, 2024 4:47am Apr 6, 2024 4:47am
Quoting JustPipMe
Or? Or are we (USA) doomed? Are we this stupid?
I think so, probably. Eventually. And that’s a self-inflicted tragedy.

Your education system is just like your healthcare system: at the top end, it’s superbly, amazingly good, clearly among the very, very best in the world; the catch is that more than 90% of your population don’t effectively have any access to it.

That’s why so many other countries (e.g. the whole of Scandinavia), where that isn't so at all, put you to shame.

And that’s also why, as your previous-and-probably-next President so eloquently put it, you don’t get immigrants from Norway or Denmark, only from shithole countries.

You seem like a very highly intelligent and very highly educated guy, and you’re obviously already very well aware of all this. Your problem arises because most of your compatriots are not.
  • #34,227
  • Apr 6, 2024 5:08am Apr 6, 2024 5:08am
Quoting Capablanca
{quote} Is the reset any worth when they're running almost a permanent +80% discount ?
It's worth on the bigger accounts since the reset price is the same for any account size.
Don't give up on your dreams. Keep sleeping.
  • #34,228
  • Apr 6, 2024 6:52am Apr 6, 2024 6:52am
Quoting Takisd
{quote} Fundedpeaks even though they have some hidden 2% rule i am starting to see online
What's the 2% rule?
  • #34,229
  • Apr 6, 2024 6:56am Apr 6, 2024 6:56am
Quoting ladder
{quote} What's the 2% rule?
Max risk of 2% per trade idea otherwise you get removed for gambling or whatever. I saw a few pepole complaining about it already.
  • #34,230
  • Apr 6, 2024 6:56am Apr 6, 2024 6:56am
Quoting Capablanca
Takisd any insight on this guy that created Real Funds Trader ? https://twitter.com/gocholive
I dont know him and i dont like the company name then it states virtual or whatever but apparently he is a trusted person on that platform.
  • #34,231
  • Apr 6, 2024 7:04am Apr 6, 2024 7:04am
Quoting ranilo.vince
{quote} Ohh. Okay. Sorry to hear that. Thanks for letting me know. I guess I have no choice but to try Futures now as well. Are you able to recommend futures companies that can be used by people here in Asia?
i started with apex alot of people here already using it and alot of big youtube live trading streamers with big payouts also using like patrick
Extreme gut feeling trader
  • #34,232
  • Apr 6, 2024 7:07am Apr 6, 2024 7:07am
Quoting ladder
{quote} What's the 2% rule?
mind it if it says 2% dont do 1.5% at all as well. Coz i am being denied funded account because of having 1.5% losses or downgraded my 200k to 100k account coz i am aggressivse with 1.5% losses. When i confirmed with one of their guys in chat silently they say 0.5% risk is acceptable. This is for fundingtraders.com. Their mt5 server name is also gone on mobile phone so they transferring people to tradelocker
Extreme gut feeling trader
  • #34,233
  • Apr 6, 2024 7:15am Apr 6, 2024 7:15am
Quoting Takisd
{quote} I am thinking the following: I have FTMO already on lower leverage ACG (even though i strongly dislike) 5ers (again above) Funded engineer FXIFY Fundedpeaks even though they have some hidden 2% rule i am starting to see online Fundednext but I will keep well under the radar. If I max fund all those I should have like 3m right?
my experience with few challenges fxify (1.2pips slippages only issue when opening and closing), fundedpeaks(bigger spreads and bigger slippage meaning 2.5-3points fixed slippage on opening and closing on all), fundednext tried last year they have a ip rule which is BS. I got flagged coz i used different device. Not sure if they improved it or not.
Acg is best in the bunch after ftmo, 5%ers. Everything similar like ftmo trading conditions. Only downside for me is they dont do cryto payouts.
Extreme gut feeling trader
  • #34,234
  • Apr 6, 2024 7:18am Apr 6, 2024 7:18am
Quoting Takisd
{quote} I dont copy trade I rotate on the accounts taking small piece at each one (after passing).
same strategy means you can't use same pair on more than 300k funding
Extreme gut feeling trader
  • #34,235
  • Apr 6, 2024 10:38am Apr 6, 2024 10:38am
It seems you cannot risk little bit more on funded accounts with FTMO and that even without breaking any (news) rule here. Bad to see, that payouts got rejected here.
Inserted Video
  • #34,236
  • Apr 6, 2024 11:05am Apr 6, 2024 11:05am
Quoting Novazor
i know that excess regulation kills markets too
Do you really? In that case, answer me this: futures are very well, firmly and clearly regulated and CFD's, by comparison, are barely regulated at all - but which market is currently growing and which one is shrinking?

Are you sure you really have a clue what you're talking about?!
  • #34,237
  • Apr 6, 2024 12:12pm Apr 6, 2024 12:12pm
Quoting Quickly
{quote} Do you really? In that case, answer me this: futures are very well, firmly and clearly regulated and CFD's, by comparison, are barely regulated at all - but which market is currently growing and which one is shrinking? Are you sure you really have a clue what you're talking about?!
Now tell me if US didnt ban CFDs Which one you think traders would go? Of course is CFDs i know that futures are way better in terms of regulation they are safe no manipulation ect but traders will always go cfds because they want more leverage or atleast have other choiches, they going to futures because is the only alternative
  • #34,238
  • Apr 6, 2024 12:24pm Apr 6, 2024 12:24pm
Quoting TrAndy1
It seems you cannot risk little bit more on funded accounts with FTMO and that even without breaking any (news) rule here. Bad to see, that payouts got rejected here. https://www.youtube.com/watch?v=jiWlUR8rb-Y
FTMO want to have their cake and ear it.

They give 100/1 leverage, which is obviously far too much for any sensible risk management given the drawdown limits. No one needs $10 million of buying power with $10,000 worth of initial drawdown.

Higher leverage = more failures, more failed challenge accounts and more fees.

However, when people are funded they can take action based on people using the same leverage that causes / part causes others to fail.

If they cared about helping their trades manage risk they'd limit the leverage.
  • #34,239
  • Apr 6, 2024 12:57pm Apr 6, 2024 12:57pm
Quoting TrAndy1
It seems you cannot risk little bit more on funded accounts with FTMO and that even without breaking any (news) rule here. Bad to see, that payouts got rejected here. https://www.youtube.com/watch?v=jiWlUR8rb-Y
here are some comments of that video ;

”Have anyone read the email? He is gambling. He was trading 120 lots. His margin was about 60% of the account. Do you think that’s proper risk management? Or the 2-3% he was talking about. Gamblers should stay away.”

“Read the letter first, half of the information is not stated in the video, but the fact that they warned him in advance that his trading system resembles a casino is nothing? It is logical that he is not paid him”

”regardless of if any rules were broken, they contacted him multiples times telling him to stop doing what he’s doing. And he continued anyways, now he wants to play victim? His fault if you ask me, they want real traders on their platform, not casuals making money off luck”

“I feel for this guy but upon seeing his account metrics, he is nowhere near consistency and his trades can not be used by FTMO as signals since they do A booking/B booking. Risk is way too high and the chart shows roller coaster highs and lows. That is NOT a sign of consistency.”

“Get an FTMO swing account and you escape all FTMO rules. On the other hand I see you failed a whooping $20000 challenges and passed one challenge with a $22000 profit? Well if that is the case FTMO must have realise you were gambling by swinging huge lots sizes and finally made it by say buying Bitcoin at $17000 and riding it up to say $23000 so no real traders work done there. They want consistency in your trading pattern”


if I was FTMO I would also not pay out , it is pretty clear that this guy was LUCKY …
  • #34,240
  • Apr 6, 2024 1:00pm Apr 6, 2024 1:00pm
Quoting PropDude1234
{quote}FTMO want to have their cake and ear it. They give 100/1 leverage, which is obviously far too much for any sensible risk management given the drawdown limits. No one needs $10 million of buying power with $10,000 worth of initial drawdown. Higher leverage = more failures, more failed challenge accounts and more fees. However, when people are funded they can take action based on people using the same leverage that causes / part causes others to fail. If they cared about helping their trades manage risk they'd limit the leverage.
everyone's always banging on about how high leverage equals high risk in trading. But honestly, I think people just simply dont understand the usage of it.

Here's the thing: if you're a smart trader who sticks to, let's say, risking just 1% of your trading capital on each trade, whether you're using 1:30 leverage or 1:100 leverage, the risk is the same, right? It is still 1% doesnt matter the leverage.

And when you've got a decently funded account or you're in some trading challenge with a healthy balance, the whole leverage debate seems kinda irrelevant. As you can take several trades either way with such an account. whether its high or low leverage account. If you are taking 20 1% trades at once, because of you have a 1:1000 leverage then... you are just plainly dumb. Its not the leverage fault that you decide to casino your account.

The leverage is useful for Traders that use very small accounts, as those wouldnt normally be able to trade at all without the help of leverage.... and well lets face it.. normally you shouldnt be trading to begin with, with such a small account as its simply put rather useless and a waste of time.
So either way trading with a small account is pretty much a gamble, as you cant even manage your risk properly to begin with.
The subconscious mind is in control, not the conscious mind.
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