Ok, I will sign up for the Gauntlet today and work with E2T support to use my Sierra feed to connect to the Gauntlet rather than continue to use this public forum.
Earn 2 Trade the gauntlet
- Thread starter caacapital
- Start date
Ok, I will sign up for the Gauntlet today and work with E2T support to use my Sierra feed to connect to the Gauntlet rather than continue to use this public forum.
Ryan, One more direct question for you. Did you lose any functionality by switching to R/Trader/Finamark? For example do they have chart "Delta Volume Bars" and Charts down to the seconds.
Earn2Trade-Ryan
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I didn't but I don't use any indicators. You'd need to check with the platforms and see if they provide what you need.
TOPSTEPTRADER SWING MICRO CONTRACT PROGRAMM is the best option for start.
In addition this program is more suitable for those who have other activities such as employees and students .
I trade with this programm after losing test with other TostepTrader programm.
You also have collective2 trade which is a free social trading platform.
In addition this program is more suitable for those who have other activities such as employees and students .
I trade with this programm after losing test with other TostepTrader programm.
You also have collective2 trade which is a free social trading platform.
The thing that distinguishes Earn2Trade above all competitors (for US traders) is that the profits are taxed to you the same as if it was your own trading account, ie. 60% LT gain and 40% short term gain. With the others you are a independent contractor which not only subjects all income as ordinary income but subjects you to self-employment tax. For the successful trader E2T is the only viable option.
I’m my opinion none of these firms are worth the time and effort due to intraday trailing stop applied to unrealized profit. The argument that will be put forward is it provides a check on the traders exit strategy when it’s main purpose is to cut successful trader intake numbers. It encourages traders to shorten runners and play for a fixed R/R or scalp. There’s not the wiggle room allowed to bring a traders trailing stop down say 50% and rest it above price structure with the possibility of price continuation in traders direction.
A rule purely to apply further unnecessary Pressure to the applicant.
A rule purely to apply further unnecessary Pressure to the applicant.
Nobody's asking for you guys to get rid of the trailing drawdown. We all understand as a prop firm, Helios needs to reduce their risk from traders whose only track record is a 15-day evaluation. It's the fact that Earn2Trade/Helios' trailing DD trails based on unrealized profit that's the issue here. If you need me to explain why this rule is bullshit to anyone that's not a scalper, then you clearly haven't traded for long enough or you're ignoring the probabilistic characteristics inherent in trading.
No, you did not "only" post what was written on their site. You specifically posted that in response to the previous poster's mention of TST as an alternative to Earn2Trade's trailing DD, effectively trying to insinuate that TST's trailing DD is no different from your's in the live account. You were effectively spreading misinformation, albeit unintentionally. You're just trying to backtrack after I caught you with your pants down.
Translation: Implementing a trailing DD based on only realized PnL (which benefits traders and gives them proper odds of succeeding) is clearly possible with Rithmic as evidenced by TST, but fuck that, we have no intention of changing the trailing drawdown calculation.
Yes, though it might seem like I have some kind of beef with Earn2Trade and am advertising for TST, the fact is TST has drawbacks that don't exist with E2T. They each have their pluses and negatives. The only reason why I'm vocal about this specific aspect of trading evaluations (trailing DD based on unrealized PnL) is that it's the #1 cause of failure for those attempting these trading evaluations, without contest.
It's not due to trading during economic events. It's not due to mistakenly putting on more contracts than one's allowed to. It's not due to lacking consistency or what not. No, it's overwhelmingly due to the trailing DD based on unrealized PnL.
Your chances of successfully passing a trading evaluation goes up exponentially with a trailing DD based on realized PnL, or a fixed DD like in the original Gauntlet. Hence the only evaluations I could conscientiously recommend is TST and the orginal Gauntlet (NOT the Gauntlet Mini).
Exactly my point that I've been hammering for months now. You basically get fucked if you're anyone that's not scalping for ticks.
I explained this to Ryan (founder of E2T) on the very first day that he announced the release of the Gauntlet Mini here on ET (search my posts). He said it's outside of their control because risk management is done via Rithmic and Rithmic only calculates it via unrealized PnL.
THEN HOW DOES TOPSTEPTRADER MANAGE TO OFFER A TRAILING STOP APPLIED TO REALIZED PROFIT ON BOTH THEIR EVALUATION AND LIVE ACCOUNTS WHEN THEY USE RITHMIC TOO?
Wake the fuck up peeps. If even a sleazy company like TST can offer a trailing DD based on realized profit, it's clearly possible for all the other evaluation companies like E2T, Oneup, Leeloo, etc. Their excuse that it's a technical limitation of Rithmic has no merit when there's literally a major competitor using Rithmic that proves otherwise.
I failed by trading 3 contracts by accident. I find it ridiculous since there is daily loss limit and maximum draw down. There are also other little things that may fail you, if you traded at the wrong time for example. Being from Asia, I also had constant connection problems.
With the macro futures, one can trade a mini account with a few hundred dollars fairly comfortable. If one has a winning strategy, he can grow an account very quickly. For learning traders, it's much better to trade one MES contract than a simulation account.
Macro e-mini futures make the prop firms pointless, IMHO.
With the macro futures, one can trade a mini account with a few hundred dollars fairly comfortable. If one has a winning strategy, he can grow an account very quickly. For learning traders, it's much better to trade one MES contract than a simulation account.
Macro e-mini futures make the prop firms pointless, IMHO.
The only way you can be trading at the wrong times is if you are holding overnight. We've removed all restrictions on event trading.
It is absolutely within every individual's right to go trade Marco e-mini futures with their own money. In fact, the Small Exchange offers an even cheaper option with effectively no exchange fees. We just wrote an in depth article about it here:
https://blog.earn2trade.com/the-small-exchange-everything-that-you-need-to-know-about-it/
We also have a video about it on YouTube as well:
There isn't much volume on the exchange yet, but seeing as it just launched we're it will pick up shortly.