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  • #39,461
  • Jul 17, 2024 4:10pm Jul 17, 2024 4:10pm
Quoting Rmg
{quote} 50k is my preference too 150k is bit stretched targets. Lost too many got close to the targets then boom.
I lost 30 accounts at 154K it is horrible (all of them traded individually). Unless I hedge one account with another I am quitting 150K it looks good on paper but not logically. Saving 60$ on one time lifetime fees (140$ for 50K) I spent more on evals
  • #39,462
  • Jul 17, 2024 4:12pm Jul 17, 2024 4:12pm
Quoting Expo33
{quote} Yes, your calculation is correct, $450 As far as more allocations going forward first and foremost you will need to have a rating of 75 or higher. Let's say you maintain that 75 rating thru the first silver month. Then you will get the first 30K. As soon as you get that allocation your rating will reset back to about 66 or something close to that. Now, to get a second allocation you need to get your rating back to 75 which only takes about 2% in profits. As far as 375K that might also depend on your rank among other traders. I don't know...
well, thank you.

Lots of points noted.

Maintaining 75 is not an issue for my wife account ( atleast ). She trades better than me.

Going forward, 2 to 5 % earning is not that difficult i guess
Intraday only.
  • #39,463
  • Jul 17, 2024 4:17pm Jul 17, 2024 4:17pm
Quoting navk
{quote} well, thank you. Lots of points noted. Maintaining 75 is not an issue for my wife account ( atleast ). She trades better than me. Going forward, 2 to 5 % is not that difficult i guess
So I trade futures with them, they provide 1,000,000 demo for that, micros not available, only minis. I aim for 2k per day.
On forex, I know they give 100K. I would simply aim for $200 per day. It is 0.2% times 20 trading days is 4%. If you keep DD under control, which should be fairly easy only shooting for $200, your risk engine should get you 6-7%.
Just my experience, I grab 0.2% per day and they credit me 0.36%. Hit the 75 score within 2 weeks, now just aiming for higher allocation.
  • #39,464
  • Jul 17, 2024 4:18pm Jul 17, 2024 4:18pm
Quoting sampat
{quote} I lost 30 accounts at 154K it is horrible (all of them traded individually). Unless I hedge one account with another I am quitting 150K it looks good on paper but not logically. Saving 60$ on one time lifetime fees (140$ for 50K) I spent more on evals
50k allows 10 lots more then enough leverage.
Just need to slowly build buffer .
on a postive roll...
  • #39,465
  • Jul 17, 2024 4:19pm Jul 17, 2024 4:19pm
Quoting pipmaster77
{quote} So I trade futures with them, they provide 1,000,000 demo for that, micros not available, only minis. I aim for 2k per day. On forex, I know they give 100K. I would simply aim for $200 per day. It is 0.2% times 20 trading days is 4%. If you keep DD under control, which should be fairly easy only shooting for $200, your risk engine should get you 6-7%. Just my experience, I grab 0.2% per day and they credit me 0.36%. Hit the 75 score within 2 weeks, now just aiming for higher allocation.
I am wondering how do they allow hedge on futures in MT5?
  • #39,466
  • Jul 17, 2024 4:21pm Jul 17, 2024 4:21pm
Down day today. That is the disadvantage of risk facor over 1. I lost 0.12%, but actually lost 0.22%

Attached Image (click to enlarge)
Click to Enlarge Name: DarwinIA0717.PNG Size: 14 KB
  • #39,467
  • Jul 17, 2024 4:25pm Jul 17, 2024 4:25pm
Quoting sampat
{quote} I am wondering how do they allow hedge on futures in MT5?
Interesting you bring that up. I'm assuming because it's a demo feed. I do, on occasion, close partial by hedging....it opens a completely separate trade, with it's own profit/loss. Of course, on my MT5 in amp, it will just reduce the size of the one position.
  • #39,468
  • Jul 17, 2024 4:29pm Jul 17, 2024 4:29pm
Quoting pipmaster77
{quote} So I trade futures with them, they provide 1,000,000 demo for that, micros not available, only minis. I aim for 2k per day. On forex, I know they give 100K. I would simply aim for $200 per day. It is 0.2% times 20 trading days is 4%. If you keep DD under control, which should be fairly easy only shooting for $200, your risk engine should get you 6-7%. Just my experience, I grab 0.2% per day and they credit me 0.36%. Hit the 75 score within 2 weeks, now just aiming for higher allocation.
yes, I aim 250 $ in my forex account. 100k

For me, it is not so difficult
Intraday only.
  • #39,469
  • Jul 17, 2024 4:30pm Jul 17, 2024 4:30pm
Quoting Rmg
{quote} 50k allows 10 lots more then enough leverage. Just need to slowly build buffer .
50K is the only one that makes sense. From a DD to target ratio, especially with trailing DD, it blows the other accounts away. What is the 150K, twice the DD of the 50K and 5 times the target? Never understood why anyone would do anything but the 50K.
The ability to only withdrawal slightly more the first 3 months does not justify the added difficulty of passing the eval.
  • #39,470
  • Jul 17, 2024 4:31pm Jul 17, 2024 4:31pm
Quoting navk
{quote} yes, I aim 250 $ in my forex account. 100k For me, it is not so difficult
That should lead you down a very successful path with Darwinex.
  • #39,471
  • Jul 17, 2024 4:49pm Jul 17, 2024 4:49pm
Quoting Expo33
{quote} Yes, my trade explorer shows 118K but my Darwin Index is around 102 so 102K. That's because my risk was reduced by 80% when I YOLOED the calibration phase to get to the 75 rating. Turns out that was stupid on my part because I didn't realize that I still had to trade another month to get the actual allocation. And since my risk is back to .78 I've traded like a chimp.
Good to know, thanks!
  • #39,472
  • Jul 17, 2024 4:57pm Jul 17, 2024 4:57pm
Quoting lddd
{quote} It sounds like the risk engine makes all kind of adjustments to a trader‘s linked Darwin. So position sizing, leverage, SL/TP values and what else (don’t know). If that’s the case you basically doesn’t seem to have any control over what you have to do to reach a certain performance with the Darwin. So all you can do is trade small and „hope“ the Darwin will come out to your advantage?
The risk engine doesn't change your SL/TP it just reduces your position size.

Example: You trade the pound for 1 lot with 20 pip SL and a 30 pip TP. Risk $200 to win $300 and that's your general tendency over a week or two.

Now, you lose 4 or 5 trades in a row and you decide to revenge trade and trade 5-10 lots with same SL/TP. The risk engine will step in and reduce your position size to keep your VaR in line with their parameters.

In this way you are competing on the same playing field against other Darwinians AND more importantly it protects investor $$$. An investor needs to know that there is a safety net for their capital. At 38 Euros a month a trader could go YOLO crazy at anytime with the comfort of knowing they can just start over.

That's obviously one reason traders aren't eligible for investor capital until they reach Gold status after a minimum of 8 months. Doesn't mean they won't go crazy after showing a solid 8 month track record but it's really a moot point because if they did, the risk engine will bitch slap them as much as needed to contain the potential damage.
Pride always comes before destruction.... -Proverbs 16:18
  • #39,473
  • Jul 17, 2024 5:13pm Jul 17, 2024 5:13pm
Quoting sampat
{quote} I lost 30 accounts at 154K it is horrible (all of them traded individually). Unless I hedge one account with another I am quitting 150K it looks good on paper but not logically. Saving 60$ on one time lifetime fees (140$ for 50K) I spent more on evals
trailing part always kills me... most of the time i am above 5000$ profit i lose it .... 50k is the way from now on....
Extreme gut feeling trader
  • #39,474
  • Jul 17, 2024 5:25pm Jul 17, 2024 5:25pm
Quoting navk
{quote} I mean 0.5 % per day profit in a 30k silver account. Which means in 20 trading days, 20 x 0.5 % = 10 % on 30k. = 3000 euros Which produces profit share of 3000 x 15 % = 450 euros And 2 nd silver month, by maintaining my max drawdown, and if i make a profit of 0.5 % in a day on 30k account, I end up making 10 % profit in 20 calander month. With this I am eligible for 375 k account {image}
If you can make 0.5% a day (consistently) you wouldn’t write to this forum in the first place :-D
  • #39,475
  • Edited 6:01pm Jul 17, 2024 5:47pm | Edited 6:01pm
Quoting lddd
{quote} If you can make 0.5% a day (consistently) you wouldn’t write to this forum in the first place :-D
Avearge and consistency has different meanings.

To tell you... Darwinex is unlike any prop firm in my mind.

FTMO or FXIFY are fair how they calculate the risk and it is open to public ( by 5 % and 10 % rule.)

In Darwinex, it is the risk engine based on some alogrithms trying to calculate risk which is not open to public.

The only difference... Darwinex pays 15 %, FTMO or FXIFY may pay, 75 % share
Intraday only.
  • #39,476
  • Jul 17, 2024 5:56pm Jul 17, 2024 5:56pm
Quoting navk
{quote} Avearge and consistency has different meanings. To tell you... Darwinex is unlike any prop firm in my mind. FTMO or FXIFY are fair how they calculate the risk and it is open to public ( by 5 % and 10 % rule.) In Darwinex, it is the risk engine based on some alogrithms trying to calculate risk which is not open to public. The only difference... Darwinex pays 15 %, FTMO or FXIFY may pay, 75 % share
Another difference Darwinex is 100% drawdown (as long as one is ready to pay 38$ monthly for life time )
  • #39,477
  • Jul 17, 2024 5:57pm Jul 17, 2024 5:57pm
Quoting sampat
{quote} Another difference Darwinex is 100% drawdown (as long as one is ready to pay 38$ monthly for life time )
Yes, they take @ 38 $ by allowing your account ( no 5 % and no 10 % rule )

lol
Intraday only.
  • #39,478
  • Jul 17, 2024 6:17pm Jul 17, 2024 6:17pm
Quoting navk
{quote} Avearge and consistency has different meanings. To tell you... Darwinex is unlike any prop firm in my mind. FTMO or FXIFY are fair how they calculate the risk and it is open to public ( by 5 % and 10 % rule.) In Darwinex, it is the risk engine based on some alogrithms trying to calculate risk which is not open to public. The only difference... Darwinex pays 15 %, FTMO or FXIFY may pay, 75 % share
Lots of differences....
Real capital vs. fake
Regulated vs. not
No conflict vs. conflict of interest
Trade as you wish vs. Rules designed to make you fail
MT4/5 vs. shitty platform or trying to sneakily use MT4 and getting caught and pulled with zero notice
Get paid vs. maybe get paid
Etc
Etc
Etc
It's not for everyone, but I am 100% confident I will be in a better spot with them in 18-24 months than any of the firms mentioned here. After passing/building and scaling with 5 firms for the past 4+ years, 4 out of 5 no longer exist, all of that work and time gone.
For me, time for something way different
  • #39,479
  • Jul 17, 2024 6:25pm Jul 17, 2024 6:25pm
Quoting Expo33
{quote} The risk engine doesn't change your SL/TP it just reduces your position size.
Yes. The risk engine controls the max. drawdown at around 6.5% per month. But how can you estimate what performance the Darwin will have at the end of a month since a certain minimum performance is expected in order to grow the account.

The calculator on their website only shows which rating is necessary in order to receive certain capital increases, but how do I know, for example, how much profit my Darwin must achieve under which Drawdown to secure X rating?

The minimum rating seems to depend on the performance of the Darwin and not on my own account as a trader. Since this differs from my own results due to the variable intervention of the risk engine, it seems It's hard to estimate exactly how I'll end up with which rating?

Let’s say i risk a fixed percentage of -1% per trade (not changing position sizes, no revenge trading…) and make +2% at the end of a month while managed my own max. drawdown to -1% at any given time. What rating do i get?
  • #39,480
  • Jul 17, 2024 6:40pm Jul 17, 2024 6:40pm
Quoting navk
{quote} Avearge and consistency has different meanings. To tell you... Darwinex is unlike any prop firm in my mind. FTMO or FXIFY are fair how they calculate the risk and it is open to public ( by 5 % and 10 % rule.) In Darwinex, it is the risk engine based on some alogrithms trying to calculate risk which is not open to public. The only difference... Darwinex pays 15 %, FTMO or FXIFY may pay, 75 % share
Averaging a 10% monthly return (~214% APY) is just as unrealistic. But hey, i don’t want to kill your dreams :-)
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