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  • #34,361
  • Apr 8, 2024 7:50am Apr 8, 2024 7:50am
Quoting montygoldy
{quote} Its a swing account and 5lot on gold is good enough. Thats what i used on phase 1 as well. Its pretty low compared to 200k. ON regular account 10lot is like nothing.
I don't trade gold but out of curiosity is that more difficult in futures than it was in CFDs ?
  • #34,362
  • Apr 8, 2024 7:59am Apr 8, 2024 7:59am
Quoting Takisd
Last night I replaced 5ers with Fortraders and bought a 100k account at fortraders. I put a stop loss at +2 on US30, it hit and slipped to -4. The trade was only 10 lots of 1 contract. I checked depth and ticks institutionally at the time an this is clearly fraud. Such a tiny trade gets slipped so much during quiet market - it is essentially 1 lot of FX. I should add, I have 50 lots somewhere else and it slipped 1 tick.
Didn't know this Fortraders. Any reason for chosing them ?
  • #34,363
  • Apr 8, 2024 8:01am Apr 8, 2024 8:01am
Quoting UST
{quote} Doesnt change anything what I said? The leverage is not increasing your risk and with your last sentence you are literally agreeing with what I said in my past post. Dont understand your point, neither do you it seems. I also don't know about that screwed 10% logic that people came up with, just because of the drawdown restrictions. I risk 1% with my prop form account and I get based on that my profit. That's all there is to it. Leverage or not.
Well when you put 1% of account at risk on prop firm account lets say 10K account. Do you have 100% of account? Technically you have 10% of drawdown account. So if you are trading long enough you should know its 10% of account as you only have 1K account which means by traditional thing it is even higher.
Let me give you an example if 5er hypergrowth program allows only 1:3 leverage for indices and If I want to pass their 1st stage with 10 or 20 pip stop loss it is going to take probably 200-300 winning trades just with 2:1 risk to reward to pass. It is good when you are learning but when you have some skills it is waste of time.
  • #34,364
  • Apr 8, 2024 8:07am Apr 8, 2024 8:07am
Quoting Capablanca
{quote} I don't trade gold but out of curiosity is that more difficult in futures than it was in CFDs ?
never tried futures... But gold is way too much volatile these days to my liking....
Extreme gut feeling trader
  • #34,365
  • Apr 8, 2024 8:08am Apr 8, 2024 8:08am
Quoting Capablanca
{quote} Didn't know this Fortraders. Any reason for chosing them ?
It was in a trusted with metatrader list and they were 100k max per challenge which is what i was looking for to start with.
It used to be called billions club i believe. Also their business has a lot of money from investment (confirmed) so they might as well donate some of it to me. I think i know their thresholds so I can play inside them now.
  • #34,366
  • Apr 8, 2024 8:12am Apr 8, 2024 8:12am
Quoting Takisd
{quote} It was in a trusted with metatrader list and they were 100k max per challenge which is what i was looking for to start with. It used to be called billions club i believe. Also their business has a lot of money from investment (confirmed) so they might as well donate some of it to me. I think i know their thresholds so I can play inside them now.
Did you do standard challenge? I notice the lite version closes your account once you hit 10k withdraw. But the fee is cheap to 10k a good return awayway.
  • #34,367
  • Apr 8, 2024 8:23am Apr 8, 2024 8:23am
Quoting rizla101
{quote} Did you do standard challenge? I notice the lite version closes your account once you hit 10k withdraw. But the fee is cheap to 10k a good return awayway.
Yes standard.

My currently open +4 trade and under the 40% margin useage max trade is chunking out a lot of the total to pass, if the dow opens up I will liekly be almost passed and then just need to do two more trading days.
  • #34,368
  • Apr 8, 2024 9:13am Apr 8, 2024 9:13am
Quoting HengkiTjen
But that's USDJPY,
No, the opposite: it’s actually JPY/USD.

In its style/movements/influences, it’s the nearest you can get, though, so it will clearly be the best and easiest for you, given what you asked.
  • #34,369
  • Apr 8, 2024 9:29am Apr 8, 2024 9:29am
Quoting Capablanca
{quote} What is considered a one-side betting ?
They say it's maximising your leverage betting on the instrument moving in a single direction.
  • #34,370
  • Apr 8, 2024 9:31am Apr 8, 2024 9:31am
Quoting Capablanca
{quote} I don't trade gold but out of curiosity is that more difficult in futures than it was in CFDs ?
Think spreads are better in futures. It's usually 1 tick or 0.1. CFD I usually see 15-30 pips or 0.15 to 0.30.
  • #34,371
  • Apr 8, 2024 9:52am Apr 8, 2024 9:52am
Quoting Capablanca
{quote} What is considered a one-side betting ?
Adding position in a rally or selloff. Bullshit rule imo.

At one point I had received a warning about it, even though was only using less then 25% margin. Thats when I knew they were complete bullshit.
Trade with confidence, trade without fear.
  • #34,372
  • Apr 8, 2024 9:56am Apr 8, 2024 9:56am
Quoting Cryptosurf
{quote} Adding position in a rally or selloff. Bullshit rule imo. At one point I had received a warning about it, even though was only using less then 25% margin. Thats when I knew they were complete bullshit.
lol......can't averge into a winner, can't average into a loser.....everything possible to not pay....."you're success is our success"
  • #34,373
  • Apr 8, 2024 10:14am Apr 8, 2024 10:14am
Message from CITY TRADERS IMPERIUM

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  • #34,374
  • Apr 8, 2024 10:15am Apr 8, 2024 10:15am
Quoting pipmaster77
{quote} lol......can't averge into a winner, can't average into a loser.....everything possible to not pay....."you're success is our success"
With so many hidden rules, FTMO seems to still have a very good reputation on review sites.
  • #34,375
  • Apr 8, 2024 10:26am Apr 8, 2024 10:26am
Quoting Takisd
Last night I replaced 5ers with Fortraders and bought a 100k account at fortraders. I put a stop loss at +2 on US30, it hit and slipped to -4. The trade was only 10 lots of 1 contract. I checked depth and ticks institutionally at the time an this is clearly fraud. Such a tiny trade gets slipped so much during quiet market - it is essentially 1 lot of FX. I should add, I have 50 lots somewhere else and it slipped 1 tick.
I do not think it is that bad ALWAYS. Sometimes I also noticed server are faster and then any stop or limit get executed within 100ms, and then it can take some seconds even, when the servers are slow or sleeping, what the hell so ever. It really depends. That is what I noticed on some props already. So this slipp depends a lot.
  • #34,376
  • Apr 8, 2024 10:29am Apr 8, 2024 10:29am
Quoting Takisd
I now have another trade +4 trailing stop to counter the slippage - lets see the result. If it hits that is.
Dow is tiny contract and can move fast sometimes, so 1 or 2 sec delay, explains it all here. Maybe you try SP500, it should be better. On Nasdaq100 there are several times a day, with 20 ticks bumps in less than 1 second. As you know CFD is market maked from Futures, it moves almost same. My suggestion would be SP500 here.
  • #34,377
  • Apr 8, 2024 10:30am Apr 8, 2024 10:30am
Quoting Capablanca
{quote} What is considered a one-side betting ?
It depends but it has to do with margin usage. Some props do say, when you use more than 40% of available margin on 1 symbol on one side, that is forbidden here.
  • #34,378
  • Apr 8, 2024 10:36am Apr 8, 2024 10:36am
Quoting Stoneyrocks
Message from CITY TRADERS IMPERIUM {image}
gee......how shocking
  • #34,379
  • Apr 8, 2024 10:43am Apr 8, 2024 10:43am
Quoting Takisd
{quote} It was in a trusted with metatrader list and they were 100k max per challenge which is what i was looking for to start with. It used to be called billions club i believe. Also their business has a lot of money from investment (confirmed) so they might as well donate some of it to me. I think i know their thresholds so I can play inside them now.
Tastier than a hot fresh pizza?

I've dismissed everything apart from FTMO, be good if you can share more about them as last time I saw a high production video intro like that was from that dodgy Indian set up.. smells the same?
  • #34,380
  • Apr 8, 2024 11:00am Apr 8, 2024 11:00am
Quoting Fagin
{quote} Tastier than a hot fresh pizza? I've dismissed everything apart from FTMO, be good if you can share more about them as last time I saw a high production video intro like that was from that dodgy Indian set up.. smells the same?
It's done. Even FTMO is obviously having cash flow issues. TBH, whatever the 5%ers is doing seems to be the way.......I never hear of any payout denials, anti-gambling bs or banned traders from them.
As much as I hated it at first, I am happy to have moved on to futures.........kudos to all of you continuing to put up with this bullshit on a daily basis.
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