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  • #42,361
  • Sep 21, 2024 9:19am Sep 21, 2024 9:19am
I have a question, did any of you tried OANDA prop firm or IC Funded?
If yes, how was the experience?
Thanks!
...I Bet You Ain't Never Seen A Donkey Fly!
  • #42,362
  • Sep 21, 2024 9:23am Sep 21, 2024 9:23am
Quoting navk
{quote} I will now demo it thro Trade day to see how to avoid trailing DD and then comeback to new challenge. 50k account, thought 47.5 k limit but, it due to trailing dd, my account with apex got blown up. At one time, my account was upto 52.6k and then wanted to finish it off but then when account reached below 50k blown up.( due to 2.5k loss rule from max equity )
Just wait for the price of 1-Step Blueberry 50k to drop to $150. Static drawdown 6%, and you can use MT4. In the meantime, free time to practice. There's no need to rush after a series of losses.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #42,363
  • Edited 9:41am Sep 21, 2024 9:24am | Edited 9:41am
Quoting pipmaster77
{quote} When you get that close, scale back size, so a losss will not take you back far. You'll figure it out, as I stated, it just takes a bit. Easiest way for me to explain it is where your isk was based on your static DD in forex props, you must base it on your trail in futures. However, when you have $400 left to pass as you did, just do a 1:1 trade risking $400. How did you lose $2,500 with a $400 target? your stop was 6x your target or was it simply a bad streak of losses?
Beautiful explanation on how to manage trailing DD.

Yeah, with FXIFY, the daily loss limit is 5 % on daily balance / equity. 5 % Fixed. And the Analytics says how much i can loose on a given day

Futures ist is different.

And yes, i fully agree with you on 1 :1

Intraday only.
  • #42,364
  • Sep 21, 2024 9:33am Sep 21, 2024 9:33am
Quoting RoelsMajor
{quote} Just wait for the price of 1-Step Blueberry 50k to drop to $150. Static drawdown 6%, and you can use MT4. In the meantime, free time to practice. There's no need to rush after a series of losses.
Yeah, series of losses in futures account due to lack of understanding of trailing DD.

However, my FXIFY account is doing well, that is satisfactory to me.

I set a target here ( whether loss or profit ) in a day, and then quit trading that day.

Bluebery, i will go for 2 step only, i do not understand the advantage in 1 step.
Intraday only.
  • #42,365
  • Sep 21, 2024 9:42am Sep 21, 2024 9:42am
Quoting navk
{quote} Yeah, series of losses in futures account due to lack of understanding of trailing DD. However, my FXIFY account is doing well, that is satisfactory to me. I set a target here ( whether loss or profit ) in a day, and then quit trading that day. Bluebery, i will go for 2 step only, i do not understand the advantage in 1 step.
1 Step, profit target 10% plus, let's say, a 6% target after funding = 16% before being able to withdraw profit.
2 Step, profit target 10% + 5% plus, let's say, a 6% target after funding = 21% before being able to withdraw profit.

Unless there is a straight-to-funded-account model in that prop firm.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #42,366
  • Sep 21, 2024 9:49am Sep 21, 2024 9:49am
Quoting RoelsMajor
{quote} 1 Step, profit target 10% plus, let's say, a 6% target after funding = 16% before being able to withdraw profit. 2 Step, profit target 10% + 5% plus, let's say, a 6% target after funding = 21% before being able to withdraw profit. Unless there is a straight-to-funded-account model in that prop firm.
i understand.

But unless i master on trailing DD option, i will not take that option
Intraday only.
  • #42,367
  • Sep 21, 2024 9:50am Sep 21, 2024 9:50am
Quoting pipmaster77
{quote} The problem with the payout sites is I believe they only track rise. I mean it's better than nothing, but I'm sure Apex, Topstep are the top payouts on the futures side, most likely not even close......we also don't see FTMO or the 5%ers on forex? So someone who doesn't understand this, is missing all of the top paying firms......which, IMO, should be used first before diversifying to others.
5ers is there, just that they haven't done any payouts in the last 24 hours.
  • #42,368
  • Sep 21, 2024 10:08am Sep 21, 2024 10:08am
Quoting navk
{quote} i understand. But unless i master on trailing DD option, i will not take that option
1 Step and 2 Step Blueberry Static DD
Rapid Blueberry Trailing DD
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #42,369
  • Sep 21, 2024 10:13am Sep 21, 2024 10:13am
Quoting RoelsMajor
{quote} 1 Step and 2 Step Blueberry Static DD Rapid Blueberry Trailing DD
yeah, i noticed 1 step or 2 step static DD like FXIFY.

Rapid is trailing DD

Intraday only.
  • #42,370
  • Sep 21, 2024 10:37am Sep 21, 2024 10:37am
Just after October 1st I've decided to take a challenge using the TopsStepX platform. Would appreciate input from anyone currently using that platform. I currently trade a private futures account but want to see I can obtain funds through a future prop firm to compliment the private account. Thank you to anyone for sharing your experiences with TopStepX or TopStep in general.
  • #42,371
  • Sep 21, 2024 11:53am Sep 21, 2024 11:53am
Quoting pipmaster77
{quote} My red flag is if they don't offer all of the feeds/platforms.....tradeovate, rithmic, ninja, etc.......reason being a lot of these new firms are not being granted access.......which is a GREAT thing to hopefully prevent what happended on the forex side from happening to futures. I think the real big issue was the CFDs being offered in the USA, not so much the casino model of the props or the virtual/demo environment. The products being traded are illegal in the USA, then once CFTC got involved and then Meta wanted to protect themselves......it...
besides Ninja and Tradingview

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tradovate with CQG feed also on it’s way



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FastTrack looks promising , monday they should have their own private Rithmic server
  • #42,372
  • Sep 21, 2024 12:43pm Sep 21, 2024 12:43pm
Quoting navk
{quote} Beautiful explanation on how to manage trailing DD. Yeah, with FXIFY, the daily loss limit is 5 % on daily balance / equity. 5 % Fixed. And the Analytics says how much i can loose on a given day Futures ist is different. And yes, i fully agree with you on 1 :1
Why not just put take profit order and stop loss order (OCO) when you put trade. If targeting 10-20 points and trailing should not be a problem especially in challenge phase. Also why not YOLO it when you have good setup. For learning platform it is good to go slowly but my personal opinion it is waste of time to take 150 trades just to pass eval.
  • #42,373
  • Sep 21, 2024 12:52pm Sep 21, 2024 12:52pm
Quoting Stoneyrocks
{quote} besides Ninja and Tradingview {image} tradovate with CQG feed also on it’s way {image} FastTrack looks promising , monday they should have their own private Rithmic server
Well I am hearing it from last 2 months looks like they are just dodging things as they are overwhelmed and can't even handle current traffic. It is not rocket science to move to tradovate they are not doing it on PURPOSE to add more traffic which they are not equipped to handle.
  • #42,374
  • Sep 21, 2024 2:16pm Sep 21, 2024 2:16pm
folks with rational mind. Is static DD the happy medium between balance and balance/equity?
  • #42,375
  • Sep 21, 2024 3:43pm Sep 21, 2024 3:43pm
Quoting Takisd
folks with rational mind. Is static DD the happy medium between balance and balance/equity?
Yes
Trade with confidence, trade without fear.
  • #42,376
  • Sep 21, 2024 7:40pm Sep 21, 2024 7:40pm
what's the best prop firm for news trading (low spreads and slippage during the news)? thx
You have to have an IQ higher than 90 to interact with this user.
  • #42,377
  • Sep 21, 2024 7:54pm Sep 21, 2024 7:54pm
Quoting RoelsMajor
{quote} 1 Step and 2 Step Blueberry Static DD Rapid Blueberry Trailing DD
Blueberry Rapid prices got me sexually aroused. Do they accept US clients?
Pride always comes before destruction.... -Proverbs 16:18
  • #42,378
  • Sep 21, 2024 8:07pm Sep 21, 2024 8:07pm
Quoting Expo33
{quote} Blueberry Rapid prices got me sexually aroused. Do they accept US clients?
Lol. So, the enticing offer from a prop firm becomes a more potent cure for erectile dysfunction than sildenafil.

They don't accept US Traders. They might accept Canadian Traders. You guys who are already wealthy here, any plans to open your own prop firm for FF traders? This pool money game business can give you a faster thrill than the brothel business.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #42,379
  • Sep 21, 2024 8:32pm Sep 21, 2024 8:32pm
Quoting RoelsMajor
{quote} Lol. So, the enticing offer from a prop firm becomes a more potent cure for erectile dysfunction than sildenafil. They don't accept US Traders. They might accept Canadian Traders. You guys who are already wealthy here, any plans to open your own prop firm for FF traders? This pool money game business can give you a faster thrill than the brothel business.
yea, they accept canadian clients
Intraday only.
  • #42,380
  • Sep 21, 2024 8:58pm Sep 21, 2024 8:58pm
Quoting Expo33
{quote} Blueberry Rapid prices got me sexually aroused. Do they accept US clients?
Not sure why it is arousing....How it is better than 2 step challenge or even 1 step?
Frankly speaking I find it difficult to get erected even after taking VIAGRA.
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