Yes, however i hoped for the 20% DD since back then they never mentioned rarely giving out 20%, if i remember correctly there was even a post made here where a funded trader received more draw down after reaching his limit because of his good Gauntlet results. It is only beceause of the max 10% now that i have decided to go with another funding company.
Yes, based on how someone does, Helios may grant more drawdown to the trader. It's really all about risk management. Anyone who needs more than 10% drawdown to start might want to take a deeper look at their strategy and sizing. As a for instance, we just had an individual pass today with a 201% return and a 0% drawdown from their initial starting $25,000. Over the course of their gauntlet, they did experience a 10.31% peak drawdown, however, that was only after building up a safety net of profits to be able to properly size up.
wow was the gauntlet price for E2T always 350?? The rules just keep going downhill to get 2000 max DD 750 to get full funding max DD 500 anything less than 2k is really not worth the cost and time if your simply looking to get funded(of course most ppl wont get funded or will blow out once funded but to risk 750 for 2500 in 60 days 300+% return with 2 contracts . Was looking for a place to lick my wounds from horrible trading but dont want to pay 350.
Hello Caacapital, Regarding your first question, the price was always a one time payment of $349.00 for 60 days, and the pricing remains the same. Secondly, our rules haven’t changed at all, we’ve just made the offer transparent in line with the many requests of our candidates. You can still trade however you like and hold overnight, and the drawdown is still NON-trailing, only now you can be certain you will receive $25,000.00, with a corresponding drawdown based on your performance in the Gauntlet. I can’t say I’m not a bit surprised to hear that you believe the offer has gotten worse. We’ve had an amazing reaction from candidates thanking us for the clarity and the fixed higher offer. On top of the better offer we’ve also included our entire Beginner Crash Course over the 60 days you take the Gauntlet. That includes 62 educational lessons and over 50 webinars with new webinars added each week. If the $349.00 price tag is too high, please take advantage of our 30% discount over the next week before it ends on June 17th. That discount brings the price down to $244.30 for the 60 day Gauntlet and access to our Beginner Crash Course.
We’re sorry you feel that way. We’ll keep improving the Gauntlet for our candidates and hopefully in the future we’ll be able to win back your affection.
the drawdown offered should be based not on absolute drawdown % but based on profit:drawdown ratio that you guys had implemented previously. the reason is this: E2T likes to set itself apart by giving traders more flexibility with less rules. but if you're not a daytrader or you're a daytrader that holds positions much longer than just a few minutes, you're most likely going to have a larger stop-loss with a larger profit-take. with the new gauntlet, if you're aiming for the $2500 or $2000 drawdown, a swing or overnight trader has no room for error. if the first 5 swing trades results in 3 consecutive losses and then 2 subsequent profits, those 3 losses would already put the trader out of the running for a $2000-2500 drawdown since those swing trades are likely to come with wider stops. if the drawdown offered was based not on absolute drawdown % but based on profit:drawdown ratio like before, a swing trader could simply make up those losses with their much wider profit-targets. but in the new Gauntlet, in order to avoid the 2-3% drawdown, they will be forced to adopt a scalping/daytrading style (which is not their trading method) in the beginning to build a buffer, after which they might resume trading in their usual swing style. or they might just hope they're lucky with their first few swing trades and continuously reset and reset, pouring more money into your pockets. i agree you guys have improved the Gauntlet in some ways but the aforementioned downgrade actually kills what set the Gauntlet apart in the first place. to get a $2000+ drawdown in the funded account now means you can never go beyond a 3% absolute drawdown. so this excludes swing and overnight traders, not to mention this is also a very difficult task even for shorter-term traders. even for shorter-term traders, this 2-3% drawdown limit (for $2000-2500 drawdown offer) is going to hamper their trading in a similar way to how the trailing drawdowns that TST and OUT affect their combine traders: by forcing them to take profits quickly to build a buffer. so you've essentially created a new Gauntlet that is more similar to TST or OUT (when aiming for the $2000+ drawdown, since in TST and OUT, you're always given a $2000-$2500 DD as long as you pass so that's the comparison i'm focusing on). except your's is 60 days instead of their 15 days so there's even less of an incentive to attempt the Gauntlet than before. unless you change the Gauntlet drawdown from an absolute-based DD to a profit:drawdown ratio-based DD like you guys had before, this actually is a downgrade believe it or not. the only reason to attempt these funded trader evaluations is to get access to capital that we otherwise wouldn't have. that's why despite w/e improvement you made to the Gauntlet, most people think it's actually worse than before b/c it's all about the DD in the funded account that truly matters at the end of the day.
You have to keep in mind that the thing that puts E2T in a class by themselves and far above their competition is that your profits are treated as Futures profits and taxed 60% Long Term and 40% Short Term. The others tax you as Professional Services subject to Self Employment Tax and ordinary income tax rates. So if you can make it with them that is definitely the way to go.