My trading diary with apex trader funding

[mason macgregorson]

That is pointless. As i know most funded companies do not want news trading on funded accounts. They want flat position some minutes before and after.

not true - we did it yesterday -11 funded Apex combine accounts at $3000; so this is combine, not cash accounts.

 

[trader221]

That is pointless. As i know most funded companies do not want news trading on funded accounts. They want flat position some minutes before and after.

Apex allows news trading even if, personally, I don't like trading during news

 

[oshjdf]

Interesting prop firm. I went through their rules. It seems like they are the best among others except drawdown based on open profit (both evaluation and funded) and withdrawal twice per month. They have 80% discount until 23th. Pretty good deal.

 

[hilmy83]

My trading diary with apex trader funding.
This thread will be my diary on my trading adventure with a $50k apex test account.
Great enthusiast of algorithmic trading and taking advantage of their current promotion, I will only use algorithmic trading to pass the test.
I hope the adventure will be long.

Trailing drawdown is like the worst thing they can implement to ensure most traders fail.

Unlike hard drawdown, you're basically have to follow a trailing stop to make sure you don't go beyond the trailing loss from the highest equity point.

So not only you have to make sure your entries, stops are at the right spot, now you have to make sure you take profits have less volatility too! You multiply all your probabilities, you're just going to end up a loser long term with these dumb rules.

You want to know what wil make traders succeed? Remove ALL the rules except for minimum return. Have a longer evaluation period based on # of trades based on style so that proper evaluation can be done.

People get so caught up with speed of funding they don't realize how effed up the rules are for long term trading

 

[hilmy83]

They're basically making sure you stick to this arbitrary MFE rule so that you end up just scalping your profits.

 

[mason macgregorson]

Interesting prop firm. I went through their rules. It seems like they are the best among others except drawdown based on open profit (both evaluation and funded) and withdrawal twice per month. They have 80% discount until 23th. Pretty good deal.

lots to choose form:

 

[mason macgregorson]

My trading diary with apex trader funding.
This thread will be my diary on my trading adventure with a $50k apex test account.
Great enthusiast of algorithmic trading and taking advantage of their current promotion, I will only use algorithmic trading to pass the test.
I hope the adventure will be long.

Bob Amico, head trader for TTP , is a super live real time transparent trader that uses $500 for daily goal in Apex trading. Today he sequentially got $500, $665, $585, $610 and $470 (ran out of time) on 5 individual Apex accounts using mostly order flow.

 

[qlai]

I will only use algorithmic trading to pass the test.

Do you mean they allow you to trade automatically, or that you simply using your algo to generate signals and then manually enter trades?

 

[trader221]

3rd trading day (01/19/2023) with the apex trader funding 50K account.
Profit: +467$

 

[s trader]

Bob Amico, head trader for TTP , is a super live real time transparent trader that uses $500 for daily goal in Apex trading. Today he sequentially got $500, $665, $585, $610 and $470 (ran out of time) on 5 individual Apex accounts using mostly order flow.
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Pretty interesting. But that day is a trending day. Can he do that regularly, like today? I can only manage to break even today. A typical hard day for my trading way.