Search results

It was posted that IB clients actually make money. While I can't find that for now, I saw on their website IB's forex trader profitability is almost 50-50, see attachment. Which brings us to an important point. Trading successfully has exactly zero to do with passing some try out firm's...

I ran the numbers on the Gauntlet Mini "$150,000" fictional account. With an open-trade trailing drawdown of $4,500 and a profit goal of $9,000, I assumed excellent trading of Sharpe 3. The most one can trade is between 10 and 15 MES to not hit the trailing stop. It takes 5 to 6 months on...

You see what you want to see. My suggestion actually was to get a job, i.e. in the future, and keep it until trading pays off. The guy's posts suggest he's not unemployable, rather he was making decent money.

@userque Life is about taking calculated risks, not absurd risks with severe downsides. Going to the casino and betting your life savings on red five times in a row is not a strategy. Sure you can win, but you're setting yourself up for failure. Don't go in so weak into any situation that...

$1,100 from CME page is intra-commodity margin for a calendar spread. CME margin for outrights is $12,000 as of now. These numbers are for holding overnight. Regardless of that, I agree with you, intraday margin is to be set by the broker and can be much lower. E.g. $3,300 intraday initial for...

Your code is the issue, the conditional only worked on the print statement. Try it like this: If Close < Average(Close,50) and Close[1] > Average(Close,50) then begin Print("Selling") ; Sell next bar at market ; end;

Source: https://help.earn2trade.com/en/articles/1479506-what-offer-will-i-receive-upon-completing-the-gauntlet Another gem from their website. Spells it out that "funded" traders of E2T/Helios are net losers after passing their "examination", so much so that E2T/Helios is happy to be their...

You should know how your simulator works and if it results in adverse selection of trades compared to the live market. If it does, the "LiveSim" thing is strikingly similar to Ryan Masten's binary options endeavor. Deflecting responsibility to a third party doesn't work because no simulator was...

Except that of course you're all hat and no cattle, as I said you would be.

If my post causes you that much facepalm, it should be a breeze for you to point out if/how I might be wrong on a factual/logical level. Can't do that? Thought so.

Yes, it's exactly how I said in the case you're winning. In the case you're losing, you lose the entry fee you've paid ("exam" fees and resets) to enter their bucket shop casino. How would you know? There are parameters to be set for every trading simulator. I already explained to you that...

Then the prop firm must be taking the other side against their "traders" because money doesn't come from the market in "LiveSim". If "traders" win, Helios must assume the loss, and that's indeed the other side. What's the logic of limit order fills in the "LiveSim"? Does it 1. fill on touch, or...

Who assumes the loss when a "backed" E2T trader withdraws gains from "LiveSim"?

Forget about maintenance margin for opening trades, it really only matters to avoid being liquidated once you have the trades on. Initial margin over all positions, existing and new, is always required to open trades. So the answer to your thread title is no, you need sufficient initial margin...

From their website: https://help.earn2trade.com/en/articles/3313030-what-is-the-livesim And post on previous page of this thread:

Obviously there's no $150,000, rather $4,500 drawdown. And even that might be "LiveSim" as per Juni085's post above. But more importantly, the opposite is true about long-term success: Simulate a Sharpe 2.0 equity curve and it averages 3-4 losing months a year -- wouldn't pass a Gauntlet...

CME only supports stop-limit and stop-with-protection. Ordinary stops are simulated by the broker and don't make it to the exchange before being triggered. In TWS, working orders are green when native to the exchange, blue when simulated by IB. Other traders can't see orders simulated by the...

As smart as not supporting negative oil pricing.

It's hardly reasonable to subject oneself to overly tight rules that most likely result in termination and loss of signup fee. Feel free to prove me wrong by stating the actual failure rate in percent of Gauntlet/Mini. To correct my earlier post, TradeStation also provides Globex market depth...

How about I offer you a $1 trillion funded account (with the small restriction of $500 max adverse excursion until termination). Yes, there'll be a $750 exam fee upfront, but it's tiny compared to the $1 trillion you may get. Remember doctors and universities charge for examination, too. To...