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  • #37,061
  • May 29, 2024 7:07pm May 29, 2024 7:07pm
What will be the symbol for Gold futures now since contract expired today. Is it GCN4 (tradovate)?
Drawdown is more important than Account Size !
  • #37,062
  • May 29, 2024 7:11pm May 29, 2024 7:11pm
Quoting procrude
What will be the symbol for Gold futures now since contract expired today. Is it GCN4 (tradovate)?
//-----

i've been using the june....... mgcm4 .......h
to trade and code, keep both simple... no call to impress....h
  • #37,063
  • May 29, 2024 9:46pm May 29, 2024 9:46pm
Alpha has a ridiculously long prohibited news restrictions list out now

https://help.alphacapitalgroup.uk/en...n-i-trade-news

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  • #37,064
  • May 29, 2024 9:50pm May 29, 2024 9:50pm
Quoting Lrg
Hi Capa, Can you please adv which is a better option with FXIFY regarding their price feed. I'm wanting to buy the 15K 2 phase eval for day trading..thankx mate {image}
I have one of each and honestly don't find much different.
The free commission has wider spreads, while the raw spreads are tighter but they charge $6 per forex lot.
Most of the time the wider spreads of free commission is equal to those $6 per lot.

The best I can do is to take a print screen of the spreads during London session, in a couple of hours, and then you can decide for yourself. What instruments and pairs are you planning to trade ? I would take a print screen with those.
  • #37,065
  • May 29, 2024 9:55pm May 29, 2024 9:55pm
Quoting maltrader
Alpha has a ridiculously long prohibited news restrictions list out now https://help.alphacapitalgroup.uk/en...n-i-trade-news {image}
And on the top of that we need to check 2 different calendars.

Btw, be careful if you trade XAU. This week they denied payouts because a XAUUSD trade was closed during EUR news. They assumed that they need to update FAQs but they didn't pay anyway.
https://x.com/Prop_Guard/status/1795756605432123767

Alpha became shadier and shadier these last 2 weeks.
  • #37,066
  • May 29, 2024 10:00pm May 29, 2024 10:00pm
Quoting Capablanca
{quote} And on the top of that we need to check 2 different calendars. Btw, be careful if you trade XAU. This week they denied payouts because a XAUUSD trade was closed during EUR news. They assumed that they need to update FAQs but they didn't pay anyway. https://x.com/Prop_Guard/status/1795756605432123767 Alpha became shadier and shadier these last 2 weeks.
Not just 2. They have a trademate calendar on their dashboard as well.

It's getting ridiculous. They should just clearly state the prohibited events on their dashboard's calendar instead of telling people to check a few calendars and base it on the highest impact one.

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  • #37,067
  • May 29, 2024 10:05pm May 29, 2024 10:05pm
Quoting maltrader
{quote} Not just 2. They have a trademate calendar on their dashboard as well. It's getting ridiculous. They should just clearly state the prohibited events on their dashboard's calendar instead of telling people to check a few calendars and base it on the highest impact one. {image}
WTF ?! Never noticed that (and never consulted it). Absolutely ridiculous.
  • #37,068
  • May 29, 2024 10:13pm May 29, 2024 10:13pm
bought 5%ers 5k 2step challenge for 39 $
(trusted one as people call it)
(with last money left in my wallet)

Current Progress :
5%ers = 5k Phase 1 (Fresh) (bought just now)
Funding Pips = 5k Live (currently down by 5.5%)
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  • #37,069
  • May 29, 2024 10:17pm May 29, 2024 10:17pm
Quoting Capablanca
{quote} WTF ?! Never noticed that (and never consulted it). Absolutely ridiculous.
I'm surprised they don't make you walk through a field full of IED's blindfolded to get a payout
Pride always comes before destruction.... -Proverbs 16:18
  • #37,070
  • May 29, 2024 11:00pm May 29, 2024 11:00pm
Quoting Capablanca
{quote} WTF ?! Never noticed that (and never consulted it). Absolutely ridiculous.
I just discovered it yesterday after someone mentioned it on discord.
  • #37,071
  • May 29, 2024 11:08pm May 29, 2024 11:08pm
Just watched some ridiculously long videos (if you know what I mean). Left a bad taste in my mouth to be honest.
A snails pace wins the race :-)
  • #37,072
  • May 29, 2024 11:17pm May 29, 2024 11:17pm
Actually it is not as bad as it appears. My only concern is DCA is not allowed might be good for mini traders but for micro scalpers it is not as good as they are projecting. One trader lost 1.2 million (100K each on 12 accounts). No wonder they are starting to enforce rules
  • #37,073
  • May 30, 2024 12:47am May 30, 2024 12:47am
Hey chaps, what's your opinion from City Traders Imperium?
On paper their rules looks ok. MT5 is good. Earlier it seems they required a video for social media when going funded. Do they still require such as it's a bit no no for me?
  • #37,074
  • May 30, 2024 1:13am May 30, 2024 1:13am
Quoting Capablanca
{quote} I have one of each and honestly don't find much different. The free commission has wider spreads, while the raw spreads are tighter but they charge $6 per forex lot. Most of the time the wider spreads of free commission is equal to those $6 per lot. The best I can do is to take a print screen of the spreads during London session, in a couple of hours, and then you can decide for yourself. What instruments and pairs are you planning to trade ? I would take a print screen with those.
Thank you Capa, really appreciate it.
No need for a screen shot as your explanation is good enough for me, I'll go with the comm free account.
I only trade the EU and GU pairs and in in NY session I trade US30, US500, OIL and Gold whichever one gives a clean set up.
Thank you and take care.
  • #37,075
  • May 30, 2024 3:06am May 30, 2024 3:06am
I've not been paying attention to TST but these last days there's a lot of buzz about changes, etc.
I checked their site and don't see anything outstanding.
50K accounts for $49 and also noticed that the activation fee - $149 - is much higher than apex.
They have trailing EOD, which is better than Apex, but apart from that is there anything better in TST than in Apex in terms of conditions, like consistency, min days, etc. ?
  • #37,076
  • May 30, 2024 3:28am May 30, 2024 3:28am
Quoting Capablanca
I've not been paying attention to TST but these last days there's a lot of buzz about changes, etc. I checked their site and don't see anything outstanding. 50K accounts for $49 and also noticed that the activation fee - $149 - is much higher than apex. They have trailing EOD, which is better than Apex, but apart from that is there anything better in TST than in Apex in terms of conditions, like consistency, min days, etc. ?
TST is topstep? One positive I can think of is no consistency rule AFTER you pass the evaluations.
  • #37,077
  • May 30, 2024 4:16am May 30, 2024 4:16am
Quoting maltrader
{quote} TST is topstep?
Yes, it is. (Formerly “TopStepTrader”, hence the abbreviation).

Quoting Capablanca
the activation fee - $149 - is much higher than apex.
Yes, it is. The difference is that unlike Apex they’ll be around for the long-term to pay people out, and are paying them from funds received from genuinely funded accounts on CME, not just from the (in Apex’s case “ever-diminishing”) fees received from other triallists.

Quoting Capablanca
They have trailing EOD, which is better than Apex
That eclipses all the other factors.

Who in their right mind wants an evaluation with a permitted drawdown that trails open equity?!

Quoting Capablanca
is there anything better in TST than in Apex in terms of conditions, like consistency, min days, etc. ?
Topstep, E2T and TradeDay are, and will always be, the "big 3" to look at. TradeDay is faster/more flexible for paying out, maybe, but for someone profitable that isn't relevant anyway.

TradeDay's more expensive.

Topstep's much longer established, and their current pricing offer looks pretty good, to me.

All three seem safe and reliable enough.
  • #37,078
  • May 30, 2024 4:22am May 30, 2024 4:22am
Quoting maltrader
{quote} TST is topstep? One positive I can think of is no consistency rule AFTER you pass the evaluations.
That is again a myth. It is more restrictive than apex. For example 50K account has total drawdown of 2K instead of 2.5K.
Daily loss limit of 1k. In order to withdraw you need atleast 5 200$ days. Only able to withdraw 50% of account.
Total 30 days of 200$+ to qualify for all withdrawal.
Do you need more consistency
  • #37,079
  • May 30, 2024 5:26am May 30, 2024 5:26am
Quoting Quickly
{quote} TradeDay's more expensive.
One of the reasons is TradeDay need to pay you(Karl) for posting here and in other places.
  • #37,080
  • May 30, 2024 5:56am May 30, 2024 5:56am
Quoting Quickly
{The difference is that unlike Apex they’ll be around for the long-term to pay people out, and are paying them from funds received from genuinely funded accounts on CME
Thss has been repeated here a lot of times but TST says this in FAQs:

Quote
The Express Funded Account, sometimes referred to as the "XFA", is the simulated Funded Level account traders earn after passing the Trading Combine. After you’ve passed your Trading Combine and completed the necessary steps, you can start taking Payouts from your Express Funded Account based on our Payout Policy.
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