Trying to Manage these Trading Combines. Anyone else?

trade2020 said:
Not sure how the below is a good thing.

the daily loss limit are permanently removes after the lower threshold of the trader's maximum drawdown reaches the account's starting balance and the Drawdown is EOD

What this means is: The daily loss limit is removed after you make in profit equal or greater than the starting drawdown amount

however you must realize at that point (when they remove the loss limit) they are no longer providing you with any funding from that point forward and you are only trading with your profit as your cushion so you are then essentially handing over 20% to them for trading with your own money

Example: your live account has a $4500 drawdown limit. You generate $4,500 in profits
And your account is +$4,500. They inform you of the news that your daily loss limit has been eliminated

now at that point if you withdraw all $4500 you made guess what—your account is closed—why?
Because now you now longer have funding from them. They took away the loss limit and now your new “loss limit” is your own $4,500
If you withdraw $4,000 at that time then your loss limit is now only the $500 you have left
If you withdraw all $4500 your acct is closed because their is no funding from them anymore
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You are absolutely right, this is a big disadvantage with all "Prop Firms" except Apteros Trading. Normally it would not make sense to keep going with these firms after 10-20 K profits. In Germany we have a new tax law that make it impossible to trade for yourself , that is why it make sense for me in my special case. In my case its important that the daily drawdown removed, thereby I am able to trade more contracts.
 
No, not even close.
Take a look at Earn2Trade!
50% Sale thru Nov 30th
Real Money (not a sim) to the real Exchange(s) after passing.
EOD drawdown during evaluation.
Not one of those sim accounts where when you win a little too much, they will kick you to the curb for some made up reason because it's money out of their pocket.
 
Last weeks was not good because I was on the verge of qualifying for 5 accounts with LeeLoo Trading but the unthinkable happened. I was down $300 on all accounts for the day but I suspect that FOMC would transpire and so I timed it and it worked. I only wanted to see $800 on the PNL before I pulled my orders in which I did. Up $500 on 4 of the account but one of them is Break Even, just about not sure why after all I am using the apex software to link my accounts. I tried to get back in, but the system says see Administrator. I could not understand why so I gave it a few minutes since the MNQ was going berserk still. Tried to get back in again, same response so I contacted LeeLoo about the ordeal and explained the situation.

After about a week LeeLoo finally got info from Rithmic to let me know what really happened. which is in quotes below. I won't be mentally interested in Live Trailing Unrealized profits anymore. I am looking at Elite Trader Funding for linked trades at the moment.
LiveSillyTrailing.PNG



"We have heard back from Rithmic and they stated the following:
"Please note that CME Group implements Velocity Logic. From time to time, during the trading day, if the Velocity Logic is triggered on the CME Group, then the market will enter a brief trading Halt. While the market is in this trading Halt, Market Orders cannot be entered into the Market, and if entered they will be rejected.
Our Simulator implements the logic described above based upon Market Mode messages published by CME Group."
 
legionx said:
Last weeks was not good because I was on the verge of qualifying for 5 accounts with LeeLoo Trading but the unthinkable happened. I was down $300 on all accounts for the day but I suspect that FOMC would transpire and so I timed it and it worked. I only wanted to see $800 on the PNL before I pulled my orders in which I did. Up $500 on 4 of the account but one of them is Break Even, just about not sure why after all I am using the apex software to link my accounts. I tried to get back in, but the system says see Administrator. I could not understand why so I gave it a few minutes since the MNQ was going berserk still. Tried to get back in again, same response so I contacted LeeLoo about the ordeal and explained the situation.

After about a week LeeLoo finally got info from Rithmic to let me know what really happened. which is in quotes below. I won't be mentally interested in Live Trailing Unrealized profits anymore. I am looking at Elite Trader Funding for linked trades at the moment. View attachment 293514


"We have heard back from Rithmic and they stated the following:
"Please note that CME Group implements Velocity Logic. From time to time, during the trading day, if the Velocity Logic is triggered on the CME Group, then the market will enter a brief trading Halt. While the market is in this trading Halt, Market Orders cannot be entered into the Market, and if entered they will be rejected.
Our Simulator implements the logic described above based upon Market Mode messages published by CME Group."
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That's a lot of BS from Rithmic. If that were the case, thousands of traders would have been affected, some of whom would have posted in other forums. Did you see any? No. Rithmic is notorious for coming up with these ridiculous excuses as to why their software sucks. I know several people who are in these combines and have nothing but problems with Rithmic. Read the last few pages from this forum: https://futures.io/trading-reviews-vendors/57707-apextraderfunding-com-experience-review-14.html
Find a company that uses Tradovate. It's stable. Use your Ninja platform along side Tradovate and just use the Tradovate DOM for order execution.
 
legionx said:
Last weeks was not good because I was on the verge of qualifying for 5 accounts with LeeLoo Trading but the unthinkable happened.
More...

I lost you for a bit there.

But, basically, you lost the accounts because of software issues that were no fault of your own?
 
Laissez Faire said:
I lost you for a bit there.

But, basically, you lost the accounts because of software issues that were no fault of your own?
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If you look at the Auto Liquidate Peak Balance, I was up that much during the “halt” . Firstly, I was not aware of a halt. Secondly, as soon as I saw $800 on my PNL I canceled my trades. Was the system canceling my trades while I was canceling my trades after the so called “halt”? I surely don’t know that. I still find it suspicious but to not experience something like this again, I will stick to EOD/no live trailing programs. I am still confused by this, was shell shocked for several days but I am over it. Software issues to no fault of mine, hence the reason I lost the accounts, “yes”.
 
legionx said:
If you look at the Auto Liquidate Peak Balance, I was up that much during the “halt” . Firstly, I was not aware of a halt. Secondly, as soon as I saw $800 on my PNL I canceled my trades. Was the system canceling my trades while I was canceling my trades after the so called “halt”? I surely don’t know that. I still find it suspicious but to not experience something like this again, I will stick to EOD/no live trailing programs. I am still confused by this, was shell shocked for several days but I am over it. Software issues to no fault of mine, hence the reason I lost the accounts, “yes”.
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Trade your own money. How much would you have had to fund your own account if you saved up everything you used on Combines?

These programs don't have your best interest in mind. This incident proves that.

I was once with E2T and they actually deleted some "bad trades" after a software issue with Rithmic.

Maybe ask LeeLoo kindly if they'll consider deleting these "bad trades". If no go, tell them you'll out them on EliteTrader.

Honestly, I feel like these firms are only doing their best to eliminate you and really don't want you to succeed.
 
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