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darwin discussion

  • #61
  • Aug 25, 2024 4:52pm Aug 25, 2024 4:52pm
Let us not forget, for the last 3 years, we discussed and most of us stayed with Prop firm model untill CFTC involvement.
Intraday only.
  • #62
  • Aug 25, 2024 5:04pm Aug 25, 2024 5:04pm
We need to be honest, for the first time in our trading history, we are trading, D Leverage, risk factor and var ratio charts and not eurusd or gbpusd charts.

They have done this to collect 2 months subscription as minimum to collect from every one.

In prop firm, they do not fail us, we fail ourselves.

At times, some firms, do not pay, that is true.
Intraday only.
  • #63
  • Aug 25, 2024 9:28pm Aug 25, 2024 9:28pm
Quoting sampat
{quote} This may not be true. Any profit making trader is liability until it gets external funding which take atleast 1.5 to 2 years. Why would they want profitable traders. There are already enough with 5-10 years of track record. It is all about fees.
Yes, I would say their seed allocation with small monthly subscription runs break even or perhaps even at a small profit or loss. Looks as if about 15% of all silvers get the minimum allocation, if the average profit is 1% monthly and factoring in the top traders receive much higher allocations, I'd say pretty close +/- to break even.
End game is still the same....they are looking for good traders, IMO. If good traders attract real capital, Darwinex is making money and trader is making money.
This is nothing in comparison to the $500 challenge with a 98% failure rate with no intention EVER of real funding.
  • #64
  • Aug 26, 2024 11:48am Aug 26, 2024 11:48am
Darwin done for the day.

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  • #65
  • Aug 26, 2024 9:42pm Aug 26, 2024 9:42pm
darwin risk only x0.03

should I continue the account or
should I restart new account ?

which is better and faster ? what's your opinion ?
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  • #66
  • Aug 26, 2024 9:44pm Aug 26, 2024 9:44pm
Quoting newbiforever
darwin risk only x0.03 should I continue the account or should I restart new account ? which is better and faster ? what's your opinion ?{image} {image}
For $20 just start over and get your risk management plan together

With that much risk reduction you'll end up paying $38euros/month for a long time with little to no chance of getting an allocation
Pride always comes before destruction.... -Proverbs 16:18
  • #67
  • Aug 26, 2024 10:17pm Aug 26, 2024 10:17pm
Quoting newbiforever
darwin risk only x0.03 should I continue the account or should I restart new account ? which is better and faster ? what's your opinion ?{image} {image}
Start over, 2-3 lots max and no more than 2 trades open simultaneously.
  • #68
  • Aug 26, 2024 11:30pm Aug 26, 2024 11:30pm
thank you for your opinion
  • #69
  • Aug 27, 2024 2:13pm Aug 27, 2024 2:13pm
Darwin update.

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  • #70
  • Aug 27, 2024 3:50pm Aug 27, 2024 3:50pm
Quoting pipmaster77
Darwin update.
//-----

still have at least 4 days in calibration...... look forward to seeing all the calculations they give for us..... should allow me to make far better decisions, at least in darwins eyes.....

markets must have made a bet with someone the day with end within a few points of where it started......h
to trade and code, keep both simple... no call to impress....h
  • #71
  • Edited Aug 29, 2024 2:05am Aug 28, 2024 8:26pm | Edited Aug 29, 2024 2:05am
Darwinex Silver Update August 2024
See Strategy Analysis, Signal Account Risk Management

Based Darwinex Rules VAR < 6.5% a month:

#1 MSDK - Gambler Type
#2 ATWF - Darwinex Type
#3 OSC - Gambler Type
#4 AFEH - Darwinex Type (Exceed a bit)
#5 FVX - Gambler Type
#6 IGZD - Gambler Type
#7 INDS - Gambler Type
#8 PCLQ - Gambler Type
#9 IVBF - Gambler Type
#10 BZZP - Gambler Type

The fact from a small sample shows that only 1 or 2 out of 10 traders, even at Darwinex Zero, are Gambler Type Traders. Comprehensive data is important to study in order to provide a complete and accurate picture. Unlike the prevailing narrative, the general fact is that almost all traders can be categorized as Gambler Types if you want to classify them. The same applies to Darwinex Zero.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #72
  • Aug 28, 2024 8:42pm Aug 28, 2024 8:42pm
Quoting RoelsMajor
Darwinex Silver Update August 2024 See Strategy Analysis, Signal Account Risk Management Based Darwinex Rules VAR < 6.5% a month: #1 MSDK - Gambler Type Trader #2 ATWF - Darwinex Type Trader #3 OSC - Gambler Type Trader #4 AFEH - Darwinex Type Trader (Exceed a bit) #5 FVX - Gambler Type Trader
I dont see MSDK as gambler type trader...If you look he has traded 1800 trades only on gold. I think he is trading micro lots with hedge
This type of win rate is only possible when you hedge instead of using stop losses.
Gambling is like when you open 15-20 lots and get 10-20% gain in one shot.
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  • #73
  • Aug 28, 2024 8:49pm Aug 28, 2024 8:49pm
Quoting sampat
{quote} I dont see MSDK as gambler type trader...If you look he has traded 1800 trades only on gold. I think he is trading micro lots with hedge This type of win rate is only possible when you hedge instead of using stop losses. Gambling is like when you open 15-20 lots and get 10-20% gain in one shot. {image}
Opening many trades and achieving an 83% win rate doesn't necessarily mean one isn't a gambler type. A trader can open numerous trades and win during a trending market, but that doesn't mean the risks they take don't exceed Darwin's guidelines. The fact is that they are taking risks beyond what Darwinex Zero allows. In this context, we are talking about the requirement that the VaR (Value at Risk) must not exceed 6.5% per month.
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #74
  • Aug 28, 2024 8:53pm Aug 28, 2024 8:53pm
Quoting RoelsMajor
Darwinex Silver Update August 2024 See Strategy Analysis, Signal Account Risk Management Based Darwinex Rules VAR < 6.5% a month: #1 MSDK - Gambler Type #2 ATWF - Darwinex Type #3 OSC - Gambler Type #4 AFEH - Darwinex Type (Exceed a bit) #5 FVX - Gambler Type Trader #6 IGZD - Gambler Type #7 INDS - Gambler Type #8 PCLQ - Gambler Type #9 IVBF - Gambler Type #10 BZZP - Gambler Type The fact from a small sample shows that only 1 or 2 out of 10 traders, even at Darwinex Zero, are Gambler Type Traders. Comprehensive data is important to study in order...
Who cares how someone classifies some other trader. Only thing that matters is how I trade. Which, to be honest, is pretty impressive
Pride always comes before destruction.... -Proverbs 16:18
  • #75
  • Aug 28, 2024 8:56pm Aug 28, 2024 8:56pm
Quoting RoelsMajor
{quote} Opening many trades and achieving an 83% win rate doesn't necessarily mean one isn't a gambler type. A trader can open numerous trades and win during a trending market, but that doesn't mean the risks they take don't exceed Darwin's guidelines. The fact is that they are taking risks beyond what Darwinex Zero allows. In this context, we are talking about the requirement that the VaR (Value at Risk) must not exceed 6.5% per month. {image}
If you open multiple position darwinx will reduce your VAR and if you see his dashboard he has volatility below 15% which is not bad. DARWINEX considers all open positions as single however if you hedge it nullifies and you wont see it as open position.
  • #76
  • Aug 28, 2024 9:03pm Aug 28, 2024 9:03pm
FYI, based on my cumulative return and max DD, next month I need 0.1% to score a 75, that will be three staright months and 90K AUM. I only need 3% to get 60K, which will give me 120K.
I only bring this up to demonstrate how small and steady is rewarded at Darwinex.
2.5% per month with 1 mil AUM makes you 50K/yr, 2 mil obviously makes you 100K.
Nothing earth shattering, but in addition to other trading activities, pretty significant.
  • #77
  • Aug 28, 2024 9:04pm Aug 28, 2024 9:04pm
Quoting Expo33
{quote}Who cares how someone classifies some other trader. Only thing that matters is how I trade. Which, to be honest, is pretty impressive
If you say it like that, we go back to the mindset that profit is everything. It's not me who made the categorization, but Darwinex Dzero itself; we can see many of Darwinex videos told that.

Quoting sampat
{quote} If you open multiple position darwinx will reduce your VAR and if you see his dashboard he has volatility below 15% which is not bad. DARWINEX considers all open positions as single however if you hedge it nullifies and you wont see it as open position.
Still does not change the assessment given by Darwinex Dzero in categorizing its traders. For us is Okay.

Quoting pipmaster77
FYI, based on my cumulative return and max DD, next month I need 0.1% to score a 75, that will be three staright months and 90K AUM. I only need 3% to get 60K, which will give me 120K. I only bring this up to demonstrate how small and steady is rewarded at Darwinex. 2.5% per month with 1 mil AUM makes you 50K/yr, 2 mil obviously makes you 100K. Nothing earth shattering, but in addition to other trading activities, pretty significant.
You are successfull. Darwinex Type.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #78
  • Aug 28, 2024 9:06pm Aug 28, 2024 9:06pm
Quoting sampat
{quote} If you open multiple position darwinx will reduce your VAR and if you see his dashboard he has volatility below 15% which is not bad. DARWINEX considers all open positions as single however if you hedge it nullifies and you wont see it as open position.
Yes, hedge flattens it and is viewed as no risk.
  • #79
  • Aug 28, 2024 9:07pm Aug 28, 2024 9:07pm
Quoting RoelsMajor
{quote} Opening many trades and achieving an 83% win rate doesn't necessarily mean one isn't a gambler type. A trader can open numerous trades and win during a trending market, but that doesn't mean the risks they take don't exceed Darwin's guidelines. The fact is that they are taking risks beyond what Darwinex Zero allows. In this context, we are talking about the requirement that the VaR (Value at Risk) must not exceed 6.5% per month. {image}
So, the number 1 trader in silver has VaR of 3 times what is acceptable?
I definitely think I'm going to fire up another account and increase the risk some.
  • #80
  • Aug 28, 2024 9:11pm Aug 28, 2024 9:11pm
Quoting pipmaster77
{quote} So, the number 1 trader in silver has VaR of 3 times what is acceptable? I definitely think I'm going to fire up another account and increase the risk some.
He is not considered a 'good' type by Darwin, so I think you should avoid it.
fooled by randomness in art
Meditation All Time Return: 8.9%
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