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  • #35,941
  • May 5, 2024 9:33am May 5, 2024 9:33am
Looks like Topstep also moves people to live. One person shared Topstep's email on fb group.
  • #35,942
  • Edited 8:23pm May 5, 2024 9:49am | Edited 8:23pm
Quoting anthon25
{quote} Day 5. EA is closed facing new market on Monday {image}
The age of EA is just 5 days and its has good performance to pass the challenge. just take a peek on account detailed mentioned

Max DD reached only 0.52% (below 1% !! , usually for max firm DD is 5% daily)
Profit factor : (lets not talk about this for a while, just focus how not to blow up your account. (as fundednext has no limit time to reach his 8% profit on first challenge & 5% on second)

Human can not take this challenge as we can loss our focus during the trade.
I bellieve, No body can manage their "greed" ( I can't count how many accounts I have blowed them up )
Therefore if you take the challenge, my sugestion is use your trading style which is converted to the EA.
by this way we can create consistency and no body can do that. Human is inconsistence
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I am completely a lazy Trader & Pennies Rebate Hunter
  • #35,943
  • May 5, 2024 11:20am May 5, 2024 11:20am
Quoting pipmaster77
{quote} Yes, was looking at TakeProfitTrader as well. Once over the buffer, withdrawal how much you'd like, whenever you like.....it's truly like your own account at that point.............. BUT, once you make 5K, your SIM days are over, you (I believe) are forced to PRO+ on a live account. Nothing necessarily wrong with that, as long as the expense of the pro fees still make it worth it to not simply trade your own account. I am of the opinion, once your SIM days are over AT ANY FIRM and you are forced live, you no longer need the firm, they are...
The only reason to keep it in pro (while 100% profit split is yet in place) is if people can get higher leverage (if they want to use it).
AMP Futures have pretty good leverage but they restrict in some news.
  • #35,944
  • May 5, 2024 11:31am May 5, 2024 11:31am
Quoting Takisd
{quote} Its twitter. I posted that it took me 5 seconds to figure out how to game the new programs of e8 and mffx. All of a sudden multiple people start to send me their ways of cheating.

Gaming a program is slightly different from cheating it IMO.
  • #35,945
  • May 5, 2024 11:32am May 5, 2024 11:32am
Quoting sampat
{quote} Most probably it will be like Bulenox. You can't have 10 or 11 accounts like Apex. One needs to cross threshold for first 3 and additional accounts may be requested one by one.
Isn't Bulenox the one that doesn't allow to withdraw the buffer ? I may be confusing but I thing there was one prop not allowing it.
  • #35,946
  • May 5, 2024 11:46am May 5, 2024 11:46am
Quoting Capablanca
Gaming a program is slightly different from cheating it IMO.
-Their activity creates additional risk for the firm, which could ultimately lead to the program ending, which would hurt everyone, all without the actual skill of trading. They are cheating their way through it, contrary to honest traders.

If trading at these firms was an isolated activity, then perhaps we could make the argument that what they are doing is not considered cheating. But since trading at these firms is a group activity, in that their compounded efforts and results could affect everyone else, similar to how all players at a poker table are essentially fighting for the same pot, then what they are doing is considered cheating. It is a dishonorable activity that skews statistics and leads to changes that hurt honest traders.

We accept the true nature of these firms and how they operate. Since no live trading is actually occurring, then all payouts need to come from trader challenge fees. This is why their activity should be considered as cheating and not simply gaming the system. If all traders that successfully passed the challenge were put on live accounts, then that would be different.
  • #35,947
  • May 5, 2024 12:18pm May 5, 2024 12:18pm
Quoting Capablanca
{quote} Gaming a program is slightly different from cheating it IMO.
At a casino you can end up disappearing for a few hours only to return with no clothes and blurry vision if you game the system.
  • #35,948
  • May 5, 2024 1:27pm May 5, 2024 1:27pm
Quoting Capablanca
{quote} Isn't Bulenox the one that doesn't allow to withdraw the buffer ? I may be confusing but I thing there was one prop not allowing it.
Yea no one allows to withdraw from buffer except apex and elitetrading firm. For example for 50K account threshold is 2.6K so unless trader crosses 52.6K (3 accounts in case of bulenox) they wont issue 4th PA account (11 is max).
  • #35,949
  • May 5, 2024 2:07pm May 5, 2024 2:07pm
Quoting Nsak3y
{quote}-Their activity creates additional risk for the firm, which could ultimately lead to the program ending, which would hurt everyone, all without the actual skill of trading. They are cheating their way through it, contrary to honest traders. If trading at these firms was an isolated activity, then perhaps we could make the argument that what they are doing is not considered cheating. But since trading at these firms is a group activity, in that their compounded efforts and results could affect everyone else, similar to how all players at a...
Quoting Takisd
{quote} At a casino you can end up disappearing for a few hours only to return with no clothes and blurry vision if you game the system.
Don't confuse cheating with gaming.

Nobody can win in a negative statistic value casino game without cheating. That's pure math. And all of the casino games are negative value, except blackjack when you count cards (and hedge is very thin when they have 8 decks or even negative when there is automatic shuffle after each deal). So, no cheating = no value in a casino.

The problem with props model is that they are a positive expected value for anyone gaming, even without cheating.

A challenge 100K with 10% DD, TP1 10% and TP2 5% it's not difficult to beat without cheating.

Flip once with 50% chance. Flip second time with 66% chance. You have 33% chances of getting a funded account, slippage and commissions aside.

So, if you pay 500$ for the challenge, the statistical cost is 500 / 0.33 = 1515 for a funded with a 10K DD. It's super positive value for anyone gaming the system.

This is the reason props are in trouble and will go on having lot's of trouble.

Gaming this system is not pure cheating. Props are the ones that should develop rules to avoid the gaming (they may learn something with the futures props brothers with all the rules that avoid gaming)
  • #35,950
  • May 5, 2024 2:18pm May 5, 2024 2:18pm
Quoting Capablanca
Nobody can win in a negative statistic value casino game without cheating.
-People win all of the time. Winning consistently is a different matter.

Quoting Capablanca
Gaming this system is not pure cheating.
-But we are literally talking about people that are cheating, not just gaming the system using statistically favorable outcomes.
  • #35,951
  • May 5, 2024 3:14pm May 5, 2024 3:14pm
Quoting Capablanca
{quote} {quote} Don't confuse cheating with gaming. Nobody can win in a negative statistic value casino game without cheating. That's pure math. And all of the casino games are negative value, except blackjack when you count cards (and hedge is very thin when they have 8 decks or even negative when there is automatic shuffle after each deal). So, no cheating = no value in a casino. The problem with props model is that they are a positive expected value for anyone gaming, even without cheating. A challenge 100K with 10% DD, TP1 10% and TP2 5% it's...
Exactly. Props CFD props offer a game with positive expectation without even understanding it and then come to talk about cheating, gambling, etc. People must understand that a monkey alone can easily beat a prop. No need for cheating, hedging or any prohibited method. Of course this is not the case with the rules on futures. This is why I find the v1 of E8 very interesting which will perhaps finally allow traders to express their talent in another way (without playing heads or tails) And I hope that other props will follow the movement (we can finally talk about trading and no longer cheating or gambling)
  • #35,952
  • Edited 4:59pm May 5, 2024 4:07pm | Edited 4:59pm
Quoting Capablanca
{quote} The only reason to keep it in pro (while 100% profit split is yet in place) is if people can get higher leverage (if they want to use it). AMP Futures have pretty good leverage but they restrict in some news.
AMP doesn't set leverage. Its inherent of the contact specs of the instrument being traded.

They do adjust margins on high impact news but there's a reason for that. Not sure I would consider that a "restriction" tho.
Trade with confidence, trade without fear.
  • #35,953
  • May 5, 2024 4:33pm May 5, 2024 4:33pm
Quoting Capablanca
{quote} {quote} Props are the ones that should develop rules to avoid the gaming (they may learn something with the futures props brothers with all the rules that avoid gaming)
If the rules for futures firms prohibit or reduce cheaters, why has no no forex prop just copy pasted the same rules to ensure survival? Maybe that's what E8 is trying to replicate with their new rules.
  • #35,954
  • Edited 5:18pm May 5, 2024 5:03pm | Edited 5:18pm
Quoting Capablanca
{quote} The only reason to keep it in pro (while 100% profit split is yet in place) is if people can get higher leverage (if they want to use it). AMP Futures have pretty good leverage but they restrict in some news.
i dont know what happened ...my other post got deleted...you're right Capablanca amp does change their "leverage" during news

but anyways don't listen to these dummies cause most of them talk out of their asses

its always better to trade with a real futures broker than dumbshit props especially since deep discount futures brokers have 40 and 50 dollar margins on micro ndexes so what the fook does anyone need prop firms for
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short trump and go long the deepstate
  • #35,955
  • May 5, 2024 5:09pm May 5, 2024 5:09pm
Quoting Cryptosurf
{quote} AMP doesn't set leverage. Its inherent of the contact specs of the instrument being traded. They do adjust margins on high impact news but there's a reason for that. Not sure I would consider that a "restriction" tho.

I see you edited your post 50 minutes later after I called you a dummy for talking out of your ass about your original response to Capablanca LOL LOL
short trump and go long the deepstate
  • #35,956
  • May 5, 2024 5:24pm May 5, 2024 5:24pm
Quoting Zebi
{quote} I see you edited your post 50 minutes later after I called you a dummy for talking out of your ass about your original response to Capablanca LOL LOL
Yeah you deleted your original post, then bailed out like a pussy as always. In the words of Takisd the great, "you ate a bag of cement" trying to form your thoughts into words.
Trade with confidence, trade without fear.
  • #35,957
  • May 5, 2024 5:30pm May 5, 2024 5:30pm
Quoting Cryptosurf
{quote} Yeah you deleted your original post, then bailed out like a pussy as always. In the words of Takisd the great, "you ate a bag of cement" trying to form your thoughts into words.
this is what you said

and then after I called out your dumb ass you edited your post 50 minutes later...everyone can see that for themselves ROFLMAO

I don't even think you trade with AMP or any futures broker if you didn't know deep discount brokers change margin requirements during news events LOL

save your bullshit for pipmaster and all the other dipshits that believe you LOL
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short trump and go long the deepstate
  • #35,958
  • May 5, 2024 5:34pm May 5, 2024 5:34pm
Quoting Zebi
{quote} this is what you said and then after I called out your dumb ass you edited your post 50 minutes later...everyone can see that for themselves ROFLMAO I don't even think you trade with AMP or any futures broker if you didn't know deep discount brokers change margin requirements during news events LOL save your bullshit for pipmaster and all the other dipshits that believe you LOL {image}
I get the notices emailed several times a week fool.

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Trade with confidence, trade without fear.
  • #35,959
  • May 5, 2024 5:39pm May 5, 2024 5:39pm
Quoting Cryptosurf
{quote} I get the notices emailed several times a week fool. {image}

so why the dumb original post to Capablanca?....keep weaseling out of the corner you got yourself into ROFLMAO

so gentlemen...watch out what this so called expert has to say about futures cause he prolly doesn't even trade AMP or if he has doesn't trade with them anymore

beware of people that edit their posts 50 minutes later gentlemen and say something completely different LOL....match up this dopes two posts and see for yourselves whos the fool LOL

so you trade with AMP and get emails from them but never read those emails? so that's why you said such a dumb thing originally to Capablanca?

just say you had a brainfart and we can call it quits
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short trump and go long the deepstate
  • #35,960
  • May 5, 2024 5:49pm May 5, 2024 5:49pm
Quoting Zebi
{quote} so why the dumb original post to Capablanca?....keep weaseling out of the corner you got yourself into so gentlemen...watch out what this so called expert has to say about futures cause he prolly doesn't even trade AMP or if he has doesn't trade with them anymore since beware of people that edit their posts 50 minutes later gentlemen and say something completely different LOL....match up this dopes two posts {image}
Says the clown who deleted his entire post.

I did change my response to Capa, so what? There's been some confusion in the past regarding futures broker vs CFP vs Prop, etc.

If you're offending and enraged by someone clarifying a statement on a forum, then you need to step away from the keyboard and get professional help.
Trade with confidence, trade without fear.
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