Earn 2 Trade the gauntlet

[TRS]

You can still trade the micro currency futures, it might not give al lot of options for exotic currency pairs but it solves the sizing issue, 1 pip is just 1.25$ there (EUR/USD).

Yeah thanks, but they aren't really an adequate substitute.

 

[p0box4]

Yeah thanks, but they aren't really an adequate substitute.

Why not?

 

[TRS]

Why not?

For starters the Spot Gauntlet was running on the OANDA MT4 platform.
There's a myriad of other reasons

 

[Ol'Newb]

Ryan,

Can you help me out with the reasoning for not offering SpotFX anymore? I was hoping to try a Gauntlet in a couple of months as I currently Trade SpotFX with Oanda.

Thank you

 

[TRS]

This is very interesting --- the depth of the Helios analysis --- and the fact that they look at how you handle every single trade. It is not just the end result that matters.

True. Although the end result is indicative of the sum of all your trades.
If you have a statistically proven trade plan, follow it and don't deviate.
Following your rules is the key to consistency.

 

[Ol'Newb]

Why not?

My strategy is dependant on not just the majors but the crosses as well. FX Futures does not offer the crosses that I trade on a regular basis.

 

[Earn2Trade-Ryan]

@Earn2Trade-Ryan, I note you have made changes to the Gauntlet as well as removing the Spot FX Gauntlet.
The sizing possibilities as well as pair availability made Spot Fx an attractive proposition. Not to mention a point of difference with product offering in comparison to your competitors.

From the notice we sent:
"We’ve done our utmost to provide the most realistic Forex experience possible to our customers. This means providing access only to the largest US brokers that offer the maximum legal trading leverage. We’ve been overwhelmed with requests for access to proprietary trading firms that will use offshore brokerages that can offer more leverage to customers. We fully understand that there can be financial advantages to dealing with offshore brokerages, but we are not interested in pursuing a business direction that would be contrary to any legal or regulatory restrictions. Furthermore, our proprietary trading associates, Helios Trading Partners have realigned their attention to focus primarily on Futures. While Currency Futures are still an option to be traded, the Forex variant of The Gauntlet™ will be discontinued for the time being."

In addition to this there are some other reasons, two of which:
- The retail Forex industry, at least in the United States has seen a pretty significant decline
- Current available US regulated RFED's do not have an adequate account or risk management configuration to be able to properly support a prop firm.

 

[Ol'Newb]

From the notice we sent:
"We’ve done our utmost to provide the most realistic Forex experience possible to our customers. This means providing access only to the largest US brokers that offer the maximum legal trading leverage. We’ve been overwhelmed with requests for access to proprietary trading firms that will use offshore brokerages that can offer more leverage to customers. We fully understand that there can be financial advantages to dealing with offshore brokerages, but we are not interested in pursuing a business direction that would be contrary to any legal or regulatory restrictions. Furthermore, our proprietary trading associates, Helios Trading Partners have realigned their attention to focus primarily on Futures. While Currency Futures are still an option to be traded, the Forex variant of The Gauntlet™ will be discontinued for the time being."

In addition to this there are some other reasons, two of which:
- The retail Forex industry, at least in the United States has seen a pretty significant decline
- Current available US regulated RFED's do not have an adequate account or risk management configuration to be able to properly support a prop firm.

Ryan,

Thank you. I understand the business decision. Does that rule out FX Futures as well?

 

[Earn2Trade-Ryan]

Ryan,

Thank you. I understand the business decision. Does that rule out FX Futures as well?

Not at all - You can absolutely trade FX futures!

 

[Ol'Newb]

Any suggestions for a way to demo trade futures?

I have been doing Spot FX but would want to demo trade my strategies for a couple months in Futures and make any necessary adjustments before taking the plunge and doing a Gauntlet.