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Anyone trading with a Prop firm 6 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

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Quoting pipmaster77
{quote} No issues either day here...... apex-rithmic-quantower
Many unsuspecting were caught in the contract roll. Rookie mistake.
Trade with confidence, trade without fear.
Quoting Cryptosurf
Platform and feed providers Rithimic, CQG, etc are going to kneecap them at the first sign of shenanigans.
-We would hope so. But I wonder what could be possible.

There are some reports of shenanigans already, it seems:
Quoting montygoldy
Ladies and Gentlemens secured 450k funding from myfundedfutures.
CON's - Bigger spread between 2-3points on dow, slippage 1-2 points.
Quoting pipmaster77
With the futures props, shouldn't spreads should all be the same?......the feed is pulled from a centralized exchange. Slippage may vary, of course, depending on size and time of day. Of course it is Matt and MyFundedFutures, so I am sure he is gaming the feed somehow. That is why these scumbags from forex prop will ultimately ruin the futures props as well (if allowed in).
Quoting montygoldy
usually its 1 point spread whatever the time of the day… no slippage at all. There is a fixed slippage on myfundedfutures
I am not aware of anyone else that is trading with them to confirm.
Quoting Nsak3y
{quote}-We would hope so. But I wonder what could be possible. There are some reports of shenanigans already, it seems: {quote} {quote} {quote} I am not aware of anyone else that is trading with them to confirm.
I have inquired about this in the past, and was assured there is no technology (that is provided via feed providers) to alter feed data. This was by reps at both Rithmic and CQG. CME would cut them off and the various regulators would step in. Plus it would be the end of them. Feed providers have total control and provide limited access as it is.

The various tools that are available to CFD feeds like Dealer plug in's, etc are not available in Futures feeds.

EDIT: Feed providers are the only ones that can affect spreads and commissions. Example; Optimus is a IB with AMP. AMP is still clearing trades but your support is Optimus. That comes at a cost with slightly higher commissions.
Trade with confidence, trade without fear.
Quoting ForexGalVA
{quote} It may be that your TV connection to Tradovate expired. You have to re-add every 30 days. Click on Application Settings on Tradovate chart in upper right corner. Then click Add Ons. Make sure Trading View is activated.
My tradovate addon is active for TV
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Quoting dolamite
{quote} The only time this happens is if either your tradingview sub didn't renew or you're on the free version.
my paid version is still active..
Just very strange this happened the other day,.. all futures live quotes changed into delayed quotes, I thought this impacted others as well , not just me
can you tell me which S & P futures symbol in TradingView do you use?
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Quoting procrude
I wish topstep comes up with a good promotion this week. Its about time
Also waiting. No weird PA rules and I love TopstepX
Pride always comes before destruction.... -Proverbs 16:18
Quoting Boulder
{quote} my paid version is still active.. Just very strange this happened the other day,.. all futures live quotes changed into delayed quotes, I thought this impacted others as well , not just me can you tell me which S & P futures symbol in TradingView do you use? {image}
What symbol where you using? Current quarterly contract rolled this week from June to Sept. ES should be MESU4 for micro Micro E-mini S&P 500 Index Futures Quotes - CME Group
Trade with confidence, trade without fear.
Quoting Cryptosurf
{quote} What symbol where you using? Current quarterly contract rolled this week from June to Sept. ES should be MESU4 for micro Micro E-mini S&P 500 Index Futures Quotes - CME Group
in tradingview, this is how I got my futures quotes, currently, they are all delayed quotes. this happened 2 days ago.. it used to be live quotes
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Quoting Expo33
{quote} Also waiting. No weird PA rules and I love TopstepX
That is why I like Topstepx too... straightforward..... also I like that it shuts you down automatically if you hit the daily loss limit
Quoting Boulder
{quote} Nova HFT firm will start to exclude US citizens too,,. For this month, they have 15% discount, the code: 1yearofNova {image}
Just update my experience with HFT firm Nova, I have gotten 18 payouts from them so far. Yesterday I got my payout in 29 hours from my request to payment credit to my coinbase account,
I am glad I traded with Nova, an American firm, I have never had any issues with my payouts. Unfortunately, they don't accept US citizens any more since Mar, 2024
Quoting Boulder
{quote} in tradingview, this is how I got my futures quotes, currently, they are all delayed quotes. this happened 2 days ago.. it used to be live quotes {image}
Make sure you're connected to your TDV account in TV.

Look for the correct symbol.

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Add to your list.

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Trade with confidence, trade without fear.
Quoting Cryptosurf
Feed providers have total control and provide limited access as it is. The various tools that are available to CFD feeds like Dealer plug in's, etc are not available in Futures feeds.
-I sure hope that you are correct. Dealing with the CFD side, I am very cynical about such things already. The fact that these props are dealing with demo feeds makes it even worse.

As I understand it, some platform providers offer custom builds for companies (e.g. Quantower). What sort of customizations are offered is unknown to me, but I do know that synthetic instruments can be created, with customizable spreads. Not to say that anything fishy is happening, but nothing would surprise me at this point.
Quoting Cryptosurf
{quote} Make sure you're connected to your TDV account in TV. Look for the correct symbol. {image} Add to your list. {image}
Thank you Crypto.. that solved the problem!!! .
Quoting Nsak3y
{quote}-I sure hope that you are correct. Dealing with the CFD side, I am very cynical about such things already. The fact that these props are dealing with demo feeds makes it even worse. As I understand it, some platform providers offer custom builds for companies (e.g. Quantower). What sort of customizations are offered is unknown to me, but I do know that synthetic instruments can be created, with customizable spreads. Not to say that anything fishy is happening, but nothing would surprise me at this point.
Im not sure what you mean by synthetics. If it’s available via the CME, CBOT, etc then everyone is trading the same price provided by the feed. All of feeds will be the same on the same instrument. Only difference maybe spread and commissions.
Trade with confidence, trade without fear.
Quoting Boulder
{quote} my paid version is still active.. Just very strange this happened the other day,.. all futures live quotes changed into delayed quotes, I thought this impacted others as well , not just me can you tell me which S & P futures symbol in TradingView do you use? {image}
Sorry, I rid my paid plan with Tvw a while back. I'm on a live futures platform and it's usually ES or MES(mini and micro) for me, both on the Chicago Merc ex.

They both should definitely show up on Tvw with the corresponding expiry.

Looks like you figured it out. GReat!
Quoting Boulder
{quote} That is why I like Topstepx too... straightforward..... also I like that it shuts you down automatically if you hit the daily loss limit
That's a soft breach ? Meaning that you can go on next day ?
Quoting Cryptosurf
{quote} I have inquired about this in the past, and was assured there is no technology (that is provided via feed providers) to alter feed data. This was by reps at both Rithmic and CQG. CME would cut them off and the various regulators would step in. Plus it would be the end of them. Feed providers have total control and provide limited access as it is. The various tools that are available to CFD feeds like Dealer plug in's, etc are not available in Futures feeds. EDIT: Feed providers are the only ones that can affect spreads and commissions. Example;...
I'm sure that any mediocre coder can pick the official feed and add some parametrized ticks on the top of it to show fake spreads. These cowboys of CFDs are capable of doing that and much more.
I agree with you, though, that this would be their death sentence, if not even criminal prosecutions because there's nothing like an "unofficial feed". In futures the feed is the feed. There is only one, the real one.

For the slippage on execution, I can imagine the worst possible things knowing how these crooks work. It should ne complete savagery.
Quoting Capablanca
{quote} I'm sure that any mediocre coder can pick the official feed and add some parametrized ticks on the top of it to show fake spreads. These cowboys of CFDs are capable of doing that and much more. I agree with you, though, that this would be their death sentence, if not even criminal prosecutions because there's nothing like an "unofficial feed". In futures the feed is the feed. There is only one, the real one. For the slippage on execution, I can imagine the worst possible things knowing how these crooks work. It should ne complete savagery....
These futures feeds are never offloaded to any third party. Meaning there are no feed servers that come under the control outside of Rithimic, CQG, etc. You rent the data feed and have limited control for account creation etc, but feed quality is strictly controlled by the source. There would be no ability to intercept code.

In CFD’s there were tools available to manipulate due to its decentralized nature. Third party access was readily available.

In futures it’s centralized and strictly controlled. Third party access is virtually none existent.

Example: Apex’s latest headaches have been partially due to Rithmic expanding their servers, that Apex has no control over.
Trade with confidence, trade without fear.
I suspect that it could be possible, but not probable. You would need to have a custom platform (and restrict traders to using only that), then you would need to be able to spoof a whole lot of data (including DOM) in order to artificially pad the spreads and slippage. You would have to do all of that while hoping that nobody suspects anything, which would be really difficult since it's so easy to cross-check everything.

So, maybe possible, but not probable. We are just so used to dealing with snakes, that it's sort of difficult to put our guard back down, I think.
Quoting Nsak3y
I suspect that it could be possible, but not probable. You would need to have a custom platform (and restrict traders to using only that), then you would need to be able to spoof a whole lot of data (including DOM) in order to artificially pad the spreads and slippage. You would have to do all of that while hoping that nobody suspects anything, which would be really difficult since it's so easy to cross-check everything. So, maybe possible, but not probable. We are just so used to dealing with snakes, that it's sort of difficult to put our guard...
Yeah I get it. I’ve had my personal amp account with CQG feeding MT5 for years. My Tradovate account with Apex is running CQG as well. Price and feed quality is basically the same.

Maybe at higher trade volumes i may notice a difference between the live and demo.
Trade with confidence, trade without fear.
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