not true - we did it yesterday -11 funded Apex combine accounts at $3000; so this is combine, not cash accounts.
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.
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
They're basically making sure you stick to this arbitrary MFE rule so that you end up just scalping your profits.
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.
Do you mean they allow you to trade automatically, or that you simply using your algo to generate signals and then manually enter trades?
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.