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  • #38,421
  • Jun 29, 2024 12:26pm Jun 29, 2024 12:26pm
Quoting Capablanca
In an ocean of bad news, this is a bright one. Josh, ex-MFF and one of the best persons that worked in prop industry, became investor in Peaks. I hope he succeeds. {image} Credits: https://x.com/FundTraders/status/1807103223766946099
Competence is back.
  • #38,422
  • Jun 29, 2024 12:39pm Jun 29, 2024 12:39pm
Quoting Capablanca
{quote} I'm still in challenge (for a long time now). Didn't get an account yet. Spreads, commissions and execution very similar to MFF. They had a lot of bad press for associated themselves to shady influencers, changing rules in the middle of the game, denies some payouts and introducing the 2% risk per trade rule. They are also known for terminating accounts when people win too much. Now there are a lot of delayed payouts, that's why they wanted a new investor to clean that backlog and try to go rebuild confidence.
Good to hear i didnt buyed a challenge from fundedpeaks because of the influencer that is involved with others like jade paladin ect
  • #38,423
  • Edited 2:46pm Jun 29, 2024 1:55pm | Edited 2:46pm
Quoting Capablanca
Now there are a lot of delayed payouts, that's why they wanted a new investor to clean that backlog and try to go rebuild confidence.
-Perhaps they should have considered rebranding under a different name. Since they are making Josh CEO, it shouldn't have been difficult to just say that Josh was buying them out and restructuring everything from the ground up. Would have given them a better foot forward, I imagine. Although, I suppose that they may have invested in marketing already.
  • #38,424
  • Jun 29, 2024 2:13pm Jun 29, 2024 2:13pm
Quoting lddd
{quote} Thanks for your comment. Yes, it’s been a long time. I know all these YouTubers but it personally doesn’t help me in any way. It‘s more confusing/distracting watching these than anything else. Information overload by people but none of them show you how to reach x goal in a systematic way risking x. Discretionary trading is not for me. I have clear goals that i want to reach but somehow I can’t find any effective help. Only dreamers, gamblers or wannabe pros who claim everything but can’t even show you a 2 years track record how they were...
In that case all I can say is that YOU ARE the problem, a bunch of them use pretty mechanical systems, the discretion is minimal like Scott Taylor, Sam KB is another one that is heavily statistic based. I mean IF you really have tested everything out and still don’t see anything that makes sense to you, you might as well give up.
  • #38,425
  • Jun 29, 2024 3:24pm Jun 29, 2024 3:24pm
Quoting Capablanca
In an ocean of bad news, this is a bright one. Josh, ex-MFF and one of the best persons that worked in prop industry, became investor in Peaks. I hope he succeeds. {image} Credits: https://x.com/FundTraders/status/1807103223766946099

I was just thinking about this last week, like why won’t they just tap Murtuza or other MFF guys as an investor. And now here is Josh as CEO.
I will try Funded Peaks again. I have great respect for the guy.

On the other hand, I am losing my patience with ACG. The news rule is just crazy, wait for a speech to end and trade 2 mins after that, and 2 news sources to check: forex factory and myfxbook. Can’t close trades you’ve been holding for hours during news/speech. If you trade during news, they will deduct the profit made and the rest of the profit will be paid the following payout period, and it’s not in the FAQ. People were clamoring for a change to the news rule and even asked for a swing account like FTMO’s— lower leverage but can trade news. What ACG did was sneakily lower the leverage, no announcement whatsoever, and kept the very strict news trading rule. Oh and funded account issuance and payout delays. There are people waiting for days/weeks and it takes forever to get feedback from the payments dept. Not sure what that was about. So far the discord mods and support are cool.

Alpha Futures looks promising though. They need to look good and competitive to get a big piece of the pie.
The COO, Ben, is young and likeable/charismatic.
  • #38,426
  • Jun 29, 2024 3:25pm Jun 29, 2024 3:25pm
Quoting Stoneyrocks
Josh,Let’s make at least double as good as MFF … {image}
No surprise to those that knew him from Josh. I'm sure regular updates will come.
I don't know if they will make it or not but the ship couldn't be in better hands. Let's see.
  • #38,427
  • Jun 29, 2024 3:30pm Jun 29, 2024 3:30pm
Quoting Nsak3y
{quote}-Perhaps they should have considered rebranding under a different name. Since they are making Josh CEO, it shouldn't have been difficult to just say that Josh was buying them out and restructuring everything from the ground up. Would have given them a better foot forward, I imagine. Although, I suppose that they may have invested in marketing already.
Some people even say that Josh should have started his own prop using his prestige and knowledge, instead of trying to save a burned brand. I guess the deal was probably very good.
  • #38,428
  • Edited 5:36pm Jun 29, 2024 5:18pm | Edited 5:36pm
Quoting pipmaster77
{quote} So this is what I see this morning after 15 day calibration ended yesterday. I assume they apply the risk factor (although we don't see it) during calibration. My MT5 only shows 2.3% gain and max DD of -0.70%. So looks like they applied over a 2.0? Not sure if that is good or bad. Guess I find out Monday. {image} The good news is, those numbers get me an allocation. I am still not clear if I would receive that on Monday or do I now need to go through 30 days of silver first? {image} Found the answer, need to maintain 75 at the end of silver.....so...
I think you can get one right away. I don't see how this will allow me to manage millions of dollars. With the calculator with a DD of -2% you can have a 5 month return of 35% and only get allocated around 30-50k , what's the point of this? and with my trading style the 15 day risk assessment will start me off looking bad, since I'm a swing trader, and haven't even gotten a decent swing trade in yet, just silly positioning trades that get stopped out, so the calibration is of course underestimating my abilities, it will take more like 70 trading days to really see how I trade. Right now it's like I'm the A's in the playoffs, Burns and Tejada are fouling away and striking out against the Yankees so far for my 15 days ( I havent watched baseball in a while)
  • #38,429
  • Jun 29, 2024 5:40pm Jun 29, 2024 5:40pm
Quoting Capablanca
Some people even say that Josh should have started his own prop using his prestige and knowledge, instead of trying to save a burned brand. I guess the deal was probably very good.
-Yeah. I suspect that doing that would have cost quite a lot of time and money. Going this route, everything is already in place and he probably didn't have to spend a penny (maybe?).
  • #38,430
  • Edited 6:36pm Jun 29, 2024 6:20pm | Edited 6:36pm
Most of the people bitching here are only bitching for one reason, they can not make any money.

That is because you are dealing with bucket shops and your own MindFuck.

Come on. admit it and this thread will be cleaner with only 3-4 people who are actually happy about presence of the bucket shops. Happy people do make money.

Friday Dow Futures 10 Min TF +3.4% Last trade is still ongoing live for +76 points. You do not have to look but you probably will - Happy trader here - no bitching.

www.forexfactory.com/attachment/image/4748739?d=1719607023
  • #38,431
  • Jun 29, 2024 6:44pm Jun 29, 2024 6:44pm
Discord Question to josh...

What's you thoughts on the industry currently? Many firms vanishing, a lot of drama, what do you think is the main problem, and other than money, what are you going to do differently to avoid problems like that. Even other reputable firms like TFF and, at the time, TFT went under. What makes FP different?

Peaks Josh
If you read the link in the announcements I have specified the difference, when I took the leap with Peaks I had a few companies on the table to look at Pasquale and his teams work is the key value in the equation. There is more than just a website behind the company. The market itself has shrunk quite a bit because of things you have mentioned. One discovery is that size isn't the only measurement but quality is and in my tenure I will try to guide us down that route.


From strictly a web traffic stand point.. peaks has been really struggling in the market. I really like Josh, so I wish them the best going forward.
  • #38,432
  • Jun 29, 2024 7:39pm Jun 29, 2024 7:39pm
Quoting driven18
Most of the people bitching here are only bitching for one reason, they can not make any money. That is because you are dealing with bucket shops and your own MindFuck. Come on. admit it and this thread will be cleaner with only 3-4 people who are actually happy about presence of the bucket shops. Happy people do make money. Friday Dow Futures 10 Min TF +3.4% Last trade is still ongoing live for +76 points. You do not have to look but you probably will - Happy trader here - no bitching. www.forexfactory.com/attachment/image/4748739?d=1719607023...
i love bucket shops n prop firms they help me save tens of thousand dollars………
if i have to flip my personal 2.5k to pull 2k out there is a higher chance i’ll fail… but on the other hand 2.5k worth of apex accounts my odd of pulling 2k is much much higher…..,,
btw success guys 50kx10 approved that means 20k in the bag …. This will fund the transition of 50k accounts to 150kx20 at apex
Other 50kx8 ready for next payout cycle
Extreme gut feeling trader
  • #38,433
  • Edited 10:57pm Jun 29, 2024 7:46pm | Edited 10:57pm
There is a cool stat i just checked i will hit 100k++ profits from prop firms with my next 50kx8 apex payout….. that in 5 months period coz i received my first ever payout in feb….
The real stat is out of which the nett profit after reinvesting in challenges will be around 70%…. The biggest reason is apex ate alot of my profits
payout list

1. 30k myflasgfunding
2. 6k fundingtraders
3. 9k total skilled funder trader
4. 13.5k myfundedfutures
5. 20k apex payout
6. 20k apex payout (approved)
7. 16k apex payout (upcoming)

Apex ate most of my profits -
Currently i am at 77 no. Pa that means 160$ x77 = 12320$ and 212 on evals lets take an average of 20$ x 212 = 4240 to grand total of = 16550$ spent till now and pulled HOPEFULLY 56k and many more to come
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-06-30 at 1.56.46 AM.png Size: 16 KB
Extreme gut feeling trader
  • #38,434
  • Jun 29, 2024 7:55pm Jun 29, 2024 7:55pm
Quoting montygoldy
{quote} i love bucket shops n prop firms they help me save tens of thousand dollars……… if i have to flip my personal 2.5k to pull 2k out there is a higher chance i’ll fail… but on the other hand 2.5k worth of apex accounts my odd of pulling 2k is much much higher…..,, btw success guys 50kx10 approved that means 20k in the bag …. This will fund the transition of 50k accounts to 150kx20 at apex Other 50kx8 ready for next payout cycle

I love bucket shops too. We try them, we rave or bitch about them to share our experience with the group here, right? Then we move on.
Don’t know why he bitches when we’re bitching. Oh, in the guise of “caring” for us then moves on to brag about his trades, about his being owner/partner of bucket shops in the past long gone… pffff. Annoying old fuck.
  • #38,435
  • Edited 8:43pm Jun 29, 2024 8:28pm | Edited 8:43pm
Quoting pipmaster77
{quote} So this is what I see this morning after 15 day calibration ended yesterday. I assume they apply the risk factor (although we don't see it) during calibration. My MT5 only shows 2.3% gain and max DD of -0.70%. So looks like they applied over a 2.0? Not sure if that is good or bad. Guess I find out Monday. {image} The good news is, those numbers get me an allocation. I am still not clear if I would receive that on Monday or do I now need to go through 30 days of silver first? {image} Found the answer, need to maintain 75 at the end of silver.....so...
Congrats!

2.0 is great. You did it the right way. Means you won't have any issue having enough leverage going forward. Unlike me, at 0.19, I'm running around like a castrated bull ready to hump anything that moves but I'm impotent.

YOLOing to get to that 75 rating and the first allocation is a huge mistake. Once you're put in risk reduction prison you're stuck in a subscription model with no way of knowing when or IF you'll ever get any leverage back. I've heard the engine takes 6 months to get to know your trading habits/style before truly being able to adjust the risk properly (uh huh, ok sure). In my case I traded for 45 days and never had a drawdown of more than 1%, no more than 2 positions opened at once, and no more than 3 total lots and they told me my VaR was still at 20%? Huh, what, really?
Pride always comes before destruction.... -Proverbs 16:18
  • #38,436
  • Jun 29, 2024 8:59pm Jun 29, 2024 8:59pm
Quoting montygoldy
There is a cool stat i just checked i will hit 100k++ profits from prop firms with my next 50kx8 apex payout….. that in 5 months period coz i received my first ever payout in feb…. The real stat is out of which the nett profit after reinvesting in challenges will be around 70%…. The biggest reason is apex ate alot of my profits payout list 1. 30k myflasgfunding 2. 6k fundingtraders 3. 9k total skilled funder trader 4. 13.5k myfundedfutures 5. 20k apex payout 6. 20k apex payout (approved) 7. 16k apex payout (upcoming)
I like your style Monty, didn't ever get any bitching from you. Just honest and direct reviews of your performance and we appreciate that.
  • #38,437
  • Jun 29, 2024 10:16pm Jun 29, 2024 10:16pm
Quoting Contessa22
{quote} I love bucket shops too. We try them, we rave or bitch about them to share our experience with the group here, right? Then we move on. Don’t know why he bitches when we’re bitching. Oh, in the guise of “caring” for us then moves on to brag about his trades, about his being owner/partner of bucket shops in the past long gone… pffff. Annoying old fuck.
You did not move on, you still bitching, and as I said, only losers bitch. And now you are bitching and moaning. Start making money and that feeling will disappear.
  • #38,438
  • Jun 29, 2024 11:26pm Jun 29, 2024 11:26pm
Quoting driven18
{quote} You did not move on, you still bitching, and as I said, only losers bitch. And now you are bitching and moaning. Start making money and that feeling will disappear.
Don't come here spewing you hit wasteless air. You did admit you were partners with the same bucket shop that you're downing other traders for joining. Either contribute or get loss you arrogant ass.
  • #38,439
  • Jun 30, 2024 12:03am Jun 30, 2024 12:03am
Quoting montygoldy
There is a cool stat i just checked i will hit 100k++ profits from prop firms with my next 50kx8 apex payout….. that in 5 months period coz i received my first ever payout in feb…. The real stat is out of which the nett profit after reinvesting in challenges will be around 70%…. The biggest reason is apex ate alot of my profits payout list 1. 30k myflasgfunding 2. 6k fundingtraders 3. 9k total skilled funder trader 4. 13.5k myfundedfutures 5. 20k apex payout 6. 20k apex payout (approved) 7. 16k apex payout (upcoming) Apex ate most of my profits...
You rock bro!
Don't give up on your dreams. Keep sleeping.
  • #38,440
  • Jun 30, 2024 1:45am Jun 30, 2024 1:45am
Quoting hayseed
{quote} //----- that 16 gig ram helps..... mine are 16 gig also..... the tradovates, topstepx, metatraders, youtube and such are not the problem.... it's the data mining mq5 code i'm running..... the mq4 and mq5 ea's and indicators i run now days are unlike anything commonly seen..... they will drag down the best computers..... the math they are doing is almost intolerable on tick..... {image}
Your running tasks on MT are probably CPU heavy. Think about an appropriate upgrade. Other approach may be optimizing MQL code. Do you really need recalculations on every tick on all of the time frames? Maybe on the bigger frames you can use less frequent updates?
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