V
Viro Major
Well honestly, to get the kind of forum criticism which exists (PPP), there’s no point to lose energy
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Alternatives to Darwinex
- Thread starter Viro Major
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CavaliereVerde
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Somewhere I required that if you have a single darwin every account should be public but we will never have total transparency, people would use other brokers, or other identities.
itstradingtime
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Yes, I agree on that. They require 10% profit in 4 months to increase the capital by 25%, while the maximum drawdown is still 10%. Since, in case I passed the challenge, I would set my trading strategy with an expected max drawdown of 6-7%, for me 10% would be a return hard to reach even in one year of trading, let alone 4 months. But, you know, from time to time you can also be lucky and cash in that additional 25%. It doesn't hurt for sure, unless you try to reach it by all means... a bit like Darwinia
Absolutely agree. No harm in doing both.
CavaliereVerde
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I studied FTMO more carefully.
I would define it almost convenient.
Phase 1 and 2 require gambling to reach profit targets.
So more than a proof of skill I would define it a test for the ability to design martingales with the right risk profile.
Even if the martigale is carefufully designed there is at least 50% probability to fail.
The good news is that you have a free second attempt if the profit is lower.
The real selection is phase 3 with no profit targets, to avoid a DD of 10% you need to trade with a var of 4% and an expected annualized return of 5-6%.
With this risk profile it wiil be very difficult to produce a lucky row of 4 months to reach 10%.
I think it could happen once every 2 years.
The real way to scale up is to add a second and a third account up to 300k.
5% per year is 15k for a net 10.5k profit.
Not a living but you can sum it to Darwinex and other stuff.
I would define it almost convenient.
Phase 1 and 2 require gambling to reach profit targets.
So more than a proof of skill I would define it a test for the ability to design martingales with the right risk profile.
Even if the martigale is carefufully designed there is at least 50% probability to fail.
The good news is that you have a free second attempt if the profit is lower.
The real selection is phase 3 with no profit targets, to avoid a DD of 10% you need to trade with a var of 4% and an expected annualized return of 5-6%.
With this risk profile it wiil be very difficult to produce a lucky row of 4 months to reach 10%.
I think it could happen once every 2 years.
The real way to scale up is to add a second and a third account up to 300k.
5% per year is 15k for a net 10.5k profit.
Not a living but you can sum it to Darwinex and other stuff.
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TLN
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Agreed!
Just, if no apply martigale or grid, we have to adjust our original strategy to low R:R. And just, patiently, follow the plan of risk, wait for our favor market.
I think just trade conservatively in 1st year. After that with bigger buffer, we can risk more to get better return.
Of course, with skilled traders, they know well how to handle this.
Just check underlying of IRY, SUG, HFD, SRI, AZG, VRT with good buffer at 1st years and some luck, more profit (or even huge profit) can be achieved in next years.
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TLN
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FYI!
www.traderscentralfund.com
I've just checked it out.
Another seem-to-be-reasonable option!
-Standard risk policy: 350$ for 50k capital
+ Evaluation phase 1: +5%/-10% target. No time limit. No positive day rule. Leverage 1:10
+ Evaluation phase 2: same as phase 1. Just, leverage 1:3.
+ Get 50k and split 80%.
+ Double capital for each 10%. (If happy with current capital, just withdraw money)
+ -10% max loss is same as FTMO is absolute DD from initial capital.
Just, there is no much evidence about the participants and withdarwal as FTMO.
Capital Growth — Traders Central
Double your account balance automatically once you make 10% profit
www.traderscentralfund.com
I've just checked it out.
Another seem-to-be-reasonable option!
-Standard risk policy: 350$ for 50k capital
+ Evaluation phase 1: +5%/-10% target. No time limit. No positive day rule. Leverage 1:10
+ Evaluation phase 2: same as phase 1. Just, leverage 1:3.
+ Get 50k and split 80%.
+ Double capital for each 10%. (If happy with current capital, just withdraw money)
+ -10% max loss is same as FTMO is absolute DD from initial capital.
Just, there is no much evidence about the participants and withdarwal as FTMO.
V
Viro Major
I read some comments on YT some of these low profile programs could fail to pay, up to invent excuses not to. So definitely get some feedback first
I don’t know why FTMO would require gambling or martingales. Just use proper leverage and keep your losses cut tightly. Too ample trading, which is often the case with mechanical trading, is the bad habit to fight. Otherwise, there are 30 occurences to make it, 30 days
Another approach is to accept the idea to pay for more ticket entries with the idea to pass the test quicker just due to accelerating the cycle of opportunities calibrated to be sufficient. With adequate leverage, with 50:50 success, it could happen as soon as the 2nd time. You get the big picture
Because time is money, and getting funded 1 month earlier can eventually be time enough to refund the participation fee once funded
In the end, EnFoid is very similar to FTMO, with almost exactly the same parameters. But he‘s the opposite of popular / mainstream and thus comes with doubts and should not be a first wise choice. That said, apparently there is a Discord server with users, just like you can find Facebook groups of FTMO
I don’t know why FTMO would require gambling or martingales. Just use proper leverage and keep your losses cut tightly. Too ample trading, which is often the case with mechanical trading, is the bad habit to fight. Otherwise, there are 30 occurences to make it, 30 days
Another approach is to accept the idea to pay for more ticket entries with the idea to pass the test quicker just due to accelerating the cycle of opportunities calibrated to be sufficient. With adequate leverage, with 50:50 success, it could happen as soon as the 2nd time. You get the big picture
Because time is money, and getting funded 1 month earlier can eventually be time enough to refund the participation fee once funded
In the end, EnFoid is very similar to FTMO, with almost exactly the same parameters. But he‘s the opposite of popular / mainstream and thus comes with doubts and should not be a first wise choice. That said, apparently there is a Discord server with users, just like you can find Facebook groups of FTMO
V
Viro Major
Got to bear in mind that this phenomeom cannot be granted the title of guaranteed viable entrepreneurship but could be fragile for many reasons. That’s why I would stay with the dominant leading references of the sector as well as adapt and definitely focus on the quick-to-fame programs and also calibrate yourself to succeed quicker than taking your time forever long. I think you’d commit a mistake thinking it’s okay to take it very slow over months or years. Hence my previous remark about accelerating your participation.
There is no guarantee these companies will last forever. Many indicators suggest they could absolutely fail and crash at some point due to uncontrollable outcomes. That’s to factor in (outside of bad faith)
There is no guarantee these companies will last forever. Many indicators suggest they could absolutely fail and crash at some point due to uncontrollable outcomes. That’s to factor in (outside of bad faith)
FYI!
Capital Growth — Traders Central
Double your account balance automatically once you make 10% profit
I've just checked it out.
Another seem-to-be-reasonable option!
-Standard risk policy: 350$ for 50k capital
+ Evaluation phase 1: +5%/-10% target. No time limit. No positive day rule. Leverage 1:10
+ Evaluation phase 2: same as phase 1. Just, leverage 1:3.
+ Get 50k and split 80%.
+ Double capital for each 10%. (If happy with current capital, just withdraw money)
+ -10% max loss is same as FTMO is absolute DD from initial capital.
Just, there is no much evidence about the participants and withdarwal as FTMO.
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TLN
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Totally agree!
And thanks for pointing out above points of TradersCentrakFund
V
Viro Major
The guy running EnFoid
Which could be translated as : “Please make a donation” if I’m being humourous 🤣
Which could be translated as : “Please make a donation” if I’m being humourous 🤣
V
Viro Major
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TLN
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Sr! Still not figure out what your point is?
CavaliereVerde
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This is the reason I pretend transparency, not to tease losers but to verify what happens to other partecipants.
A single user complainig does not prove nothing, you wil never know if he is a frustrated loser/hater.
A single user complainig does not prove nothing, you wil never know if he is a frustrated loser/hater.
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TLN
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It seems that you missed my conclusion about The5ers. Post in thread 'Alternatives to Darwinex' https://www.trade2win.com/threads/alternatives-to-darwinex.238827/post-3177889
At first, like you, I think The5er is better but think twice. FTMO is much better.
The5ers is just for our dream.
CavaliereVerde
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The selection is a always a farce, there are no profit targets in real sustainable trading.
So it is better to focus on what you get after the farce/selection.
The real selection is alwyas vs the maket: being able to profit for years.
On FTMO the farce lasts for 3 months while on 5ers it lasts for 6 months.
So it is better to focus on what you get after the farce/selection.
The real selection is alwyas vs the maket: being able to profit for years.
On FTMO the farce lasts for 3 months while on 5ers it lasts for 6 months.
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V
Viro Major
There are a few entirely free plans (more or less a a guarantee required) based on prior quality assessment, that can analyse external TR eventually
www.traderscentralfund.com
www.enfoid.com
www.enfoid.com
Beta Program — Traders Central
www.traderscentralfund.com
Get Forex Funding for Free
Get your Funding FREE!, Enrol for Free to get your Funded Forex Account!
Sign Up for EnFoid Prop Trading
just Select the ytype of trader you are, fill the form and you are up as running in just 1 Day! funding guaranteed on completion.
V
Viro Major
Hum there are a few details that make Enfoid interesting if it were to be legit
www.enfoid.com
www.enfoid.com
EnFoid Proprietary Trading
Get a Funded Forex Trading account, keep 50% of the profits!
Prop Trading FAQ
Simple rules to stay sucessful with your funded Forex Trading account, keep 50% of the profits!
V
Viro Major
Bloke related to Enfoid’s trading room: SwingFish
Live trading filmed on an ongoing basis, with positive conservative consistent results
Repost
discord.gg
So being a part of this group and endorsed by a veteran there enables a quicker free evaluation process
Live trading filmed on an ongoing basis, with positive conservative consistent results
Repost
Discord - A New Way to Chat with Friends & Communities
Discord is the easiest way to communicate over voice, video, and text. Chat, hang out, and stay close with your friends and communities.
So being a part of this group and endorsed by a veteran there enables a quicker free evaluation process
V
Viro Major
Admitting their site is not the most neatly written but seems less manipulating than other ones, you got access to $700k with 1:100 leverage right away for either 1% or for free if your performance is validated through previous track record at their discretion, so many succesful Darwinex users could actually reach them as a potential viable additional funding source. And it promises black on white to apparently provides real funds at excellent brokers, while many other programs are likely running idle on virtual money
Otherwise, the growth plan is clear and more entitling than The5ers (max $1.28M) and on par with FTMO (2M €)
www.enfoid.com
2.2% on avg for 3 months leads to +20-25% equity size (better than The5ers at 2.5% requested during 4 months)
Lastly, for an extra “insurance” fee of about $500 per account, the maxDD which is really equity loss, not trailing, can be increased from -10% to -20%
Otherwise, the growth plan is clear and more entitling than The5ers (max $1.28M) and on par with FTMO (2M €)
Scale up your EnFoid Funded account
Get funds up to 3 Million USD to Trade, here is how to scale up
Lastly, for an extra “insurance” fee of about $500 per account, the maxDD which is really equity loss, not trailing, can be increased from -10% to -20%
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V
Viro Major
I mistook The5ers for FTMO
To clarify
FTMO and Enfoid also have no more time limit after only 2 feasable steps
And Enfoid, could have zero time limit as long as you’re vetted through personal screening
However, there are some notably worse points about The5ers :
- low maxDD of -4% , whereas -10% for FTMO and -10%/-20% for Enfoid
- low maxDD reseted at each steps
- way too many steps (5) when FTMO has 2 and Enfoid 0/1/2
- marked asymetrical performance versus maxDD expected +10%/-4% as soon as the second step, during 4 more, whereas FTMO and Enfoid have 2 equilibrated steps of +10%/-10%
In other words, The5ers is way harder close to impossible and will take you a lot more time to complete (if at all). I’m guessing it it takes forever, there’s to pray thatthey you don’t runaway for your life / disappear in the meantime, wasting all your our efforts
To clarify
FTMO and Enfoid also have no more time limit after only 2 feasable steps
And Enfoid, could have zero time limit as long as you’re vetted through personal screening
However, there are some notably worse points about The5ers :
- low maxDD of -4% , whereas -10% for FTMO and -10%/-20% for Enfoid
- low maxDD reseted at each steps
- way too many steps (5) when FTMO has 2 and Enfoid 0/1/2
- marked asymetrical performance versus maxDD expected +10%/-4% as soon as the second step, during 4 more, whereas FTMO and Enfoid have 2 equilibrated steps of +10%/-10%
In other words, The5ers is way harder close to impossible and will take you a lot more time to complete (if at all). I’m guessing it it takes forever, there’s to pray that
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