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  • #35,501
  • Apr 27, 2024 1:17pm Apr 27, 2024 1:17pm
Quoting Capablanca
This is serious thing from Funded Engineer. Read if you have a funded account since before Feb 7th. You may have it reset to challenge 1 phaseb. https://twitter.com/TheTrustedProp/s...72575528390822 They seem in big troubles now.
Did they really just say not paying out until businesses stabilises? Not likely to happen with looming law suit, and very unhappy traders. They're done.
  • #35,502
  • Apr 27, 2024 1:21pm Apr 27, 2024 1:21pm
Quoting Capablanca
Also reports in X that FE discord suspended new invitations and new messages being deleted. Not looking good.
Complete shit show.
Trade with confidence, trade without fear.
  • #35,503
  • Apr 27, 2024 1:42pm Apr 27, 2024 1:42pm
Quoting Capablanca
{quote} Sorry, I missed this post. I got a lot of payouts from them. While they had Deel the payouts were really fast (a matter of hours). After that it was complete mess. We used to fill in a google form and then we had to cry over support after 48 hours. After a while, still with that google form, I started to receive some very fast and some I had to cry. Now they turned it to Rise and the same thing happens. Last one was fast (24 hours if I recall) but the one before I had to cry to support after 2 days. And during that period the account is...
Thank you very much. I'm here laughing about the "crying". Hahaha...
  • #35,504
  • Apr 27, 2024 1:49pm Apr 27, 2024 1:49pm
I have a question for the folks who have played with Darwinex Zero.

VaR - is it a "fair" tool to use to measure a users trading capabilities? In your experience has the scoring system been of benefit? I am trying to get an idea out of my head after a conversation today with an "ex" prop firm employee and so if anyone can shed some light would appreciate it .
  • #35,505
  • Apr 27, 2024 2:06pm Apr 27, 2024 2:06pm
Quoting rizla101
{quote} Did they really just say not paying out until businesses stabilises? Not likely to happen with looming law suit, and very unhappy traders. They're done.
Very unclear right now but it's confirmed that accounts before Feb 7th are back to square 1.
I don't understand what fking logic is that of treating customers differently. It's like first class and second class traders.

Tristan from FE:
"that not all funded accounts are being set back to phase 1. It’s only the ones prior to migration, those purchased before February 7th. All new accounts since the launch of our new dashboard are not affected and remain unchanged. However, all accounts purchased before February 7th and then funded are set back to phase 1."

If they are doing this for financial constrains it's a shoot in their own feet because nobody will buy new challenges from them right now, which will aggravate even more the situation. RIP FE.
Until today I thought they were a breath of fresh air in this industry.
  • #35,506
  • Apr 27, 2024 2:07pm Apr 27, 2024 2:07pm
Quoting Cryptosurf
{quote} Complete shit show.
People watching all those dramas in Netflix when all they'd need was to come to forex prop arena.
  • #35,507
  • Apr 27, 2024 2:35pm Apr 27, 2024 2:35pm
Hi everyone
came around here looking for suggestions.

I'm thinking to subscribe for a Topstep combine.

I wonder how does the connection with Tradingview and Tradovate actually works.
For what I see, there is a monthly cost (9$) and the tradingview subscription costs of course.
A part of that, I would like to know if anyone uses it, and if there is some lagging or some issues regarding on slippages, or anything eventually affecting the trade execution.

Tradovate itself looks a good platform btw, but I have some indicators missing and also some portability problems (trading view is perfect via my tablet).

Also, anyone experiencing issues with Topstep? They have pretty strange payout rules mostly about having the balance back to 0 if requiring a full withdrawal, so looks to me we need to leave part of profits left in the account to keep trading the same. Am I right?
90% of traders use TA, indicators and prediction
  • #35,508
  • Apr 27, 2024 3:01pm Apr 27, 2024 3:01pm
Quoting Takisd
I have a question for the folks who have played with Darwinex Zero. VaR - is it a "fair" tool to use to measure a users trading capabilities? In your experience has the scoring system been of benefit? I am trying to get an idea out of my head after a conversation today with an "ex" prop firm employee and so if anyone can shed some light would appreciate it .
I've found it a little odd personally. Between January - February I ran a darwinexzero account up 160% without exceeding 10% drawdown, and the VAR turned it into like 14% overall gain and 5% max drawdown which seems completely at odds with what I achieved. When I then went on a losing streak and ran it back to only 120% profit, my Darwinex drawdown exceeded the overall gains, and the gains disappeared. Never really been able to make sense of it or reconcile the two.
  • #35,509
  • Apr 27, 2024 3:35pm Apr 27, 2024 3:35pm
Quoting Capablanca
{quote} Very unclear right now but it's confirmed that accounts before Feb 7th are back to square 1. I don't understand what fking logic is that of treating customers differently. It's like first class and second class traders. Tristan from FE: "that not all funded accounts are being set back to phase 1. It’s only the ones prior to migration, those purchased before February 7th. All new accounts since the launch of our new dashboard are not affected and remain unchanged. However, all accounts purchased before February 7th and then funded are set...
Traders with accounts still alive >2 months are a problem... they are more likely to understand risk management and get too many payouts.
  • #35,510
  • Apr 27, 2024 3:38pm Apr 27, 2024 3:38pm
Lost my old account - not even spelt this one correctly...

Well imagine Funded Engineer being a shit show. Who'd have thought when they were faking payouts and defrauding their partners they may have issues...
  • #35,511
  • Apr 27, 2024 3:57pm Apr 27, 2024 3:57pm
Quoting CableJ
{quote} Traders with accounts still alive >2 months are a problem... they are more likely to understand risk management and get too many payouts.
Yeap and too many prop firms, we will see alot of prop firms going down and only the major ones surviving
  • #35,512
  • Apr 27, 2024 4:02pm Apr 27, 2024 4:02pm
Quoting Novazor
{quote} Yeap and too many prop firms, we will see alot of prop firms going down and only the major ones surviving
even some major ones will go down i think.
  • #35,513
  • Apr 27, 2024 4:03pm Apr 27, 2024 4:03pm
Quoting Takisd
{quote} even some major ones will go down i think.
Ftmo i think has the bank to sustain atleast to let the others die and the flow goes to them and they survey, but we never know they can be the ones to go bust tomorrow
  • #35,514
  • Apr 27, 2024 4:09pm Apr 27, 2024 4:09pm
the model is broken. If every trader was an honest individual trader, this would not happen. The gamification of the system has been gamified further by the predatory people. It will kill any prop as it did brokers many years ago. Where there is money involved there is always dishonesty.
  • #35,515
  • Apr 27, 2024 4:14pm Apr 27, 2024 4:14pm
5%ers for forex, apex for futures, funneling 70-80% profits into amp personal account....not sure how much some are truly needing to earn, but 100K *2 (scaled to 500K*2) in 5%ers, 50K * 20 in apex, and then funneling profits into a personal account.........what is everyone still shopping for?
It's almost as if we are asking to be screwed, just use the ones we know pay and have superior conditions. The 5%ers has better conditions not only of any prop, but of any broker I have ever used in 10+ years of trading. The spreads are 0 on the majors and under 0.5 on crosses. Apex is a well-oiled machine from eval to PA to payout.
  • #35,516
  • Apr 27, 2024 4:23pm Apr 27, 2024 4:23pm
Quoting pipmaster77
5%ers for forex, apex for futures, funneling 70-80% profits into amp personal account....not sure how much some are truly needing to earn, but 100K *2 (scaled to 500K*2) in 5%ers, 50K * 20 in apex, and then funneling profits into a personal account.........what is everyone still shopping for? It's almost as if we are asking to be screwed, just use the ones we know pay and have superior conditions. The 5%ers has better conditions not only of any prop, but of any broker I have ever used in 10+ years of trading. The spreads are 0 on the majors and...
The 5ers extra rules likely significantly heightens the failure rate and the gambling behavior is likely not there so its more sustainable. I really do not like the organization and owners of them nor their past.

The model without more rules and higher barrier to entry is not going to work. Any negative shift kills it. I will happily take more money from them trading legitimately (My current strategy is 1 trade per day) but people should not be fooled and understand the model has run its course. It will start to evolve from here.
  • #35,517
  • Apr 27, 2024 4:45pm Apr 27, 2024 4:45pm
Is chaostic FE right now
Most firm don't have enough income after US market close

I think will be the end of prop firm

Well I still thanks a lot to all prop firm able give me good income all this year's
  • #35,518
  • Apr 27, 2024 5:24pm Apr 27, 2024 5:24pm
Seems that Tristan, from FE, is proposing another thing:

"NOW - I hear the community loud and clear, as always In light of the feedback I’ve seen on socials , I understand not everyone is a fan of this, and we are offering for anyone who wants to keep their migrated funded account, can do so but there will be a 1% profit cap per month , for 90 days, which is open to discussion prior to the 90 days, as the business stabilizes."

https://twitter.com/tradertristian/s...44815368585369
  • #35,519
  • Apr 27, 2024 5:50pm Apr 27, 2024 5:50pm
Hi Capablanca
Did you fill out form ?get 1 % instead?

Or should we wait ?
What a shame FE really good firm have to go under
Not enough registered fee to pay trader
I
  • #35,520
  • Apr 27, 2024 6:31pm Apr 27, 2024 6:31pm
Quoting Takisd
{quote} The 5ers extra rules likely significantly heightens the failure rate and the gambling behavior is likely not there so its more sustainable. I really do not like the organization and owners of them nor their past. The model without more rules and higher barrier to entry is not going to work. Any negative shift kills it. I will happily take more money from them trading legitimately (My current strategy is 1 trade per day) but people should not be fooled and understand the model has run its course. It will start to evolve from here.
The only "extra" rule is 3 profitable days of 0.5%, othere than that it is traditional 2 step MFF, FTMO, with better scaling........every 10% without having to wait 3-4 months every time. I am the same, 1, maybe 2 trades daily.
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