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Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)


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Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)

 
trade5000
Atlanta GA
 
Posts: 18 since Oct 2019
Thanks Given: 0
Thanks Received: 9

just checking back on when you are releasing the details


Earn2Trade View Post
We can't release any details at this time --- but stay tuned!



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 karentrader 
burlington, vt
 
Experience: Advanced
Platform: Sierra
Trading: NQ
Posts: 198 since Aug 2015
Thanks Given: 85
Thanks Received: 394

Hi ryan,

Can you confirm your micro commissions per r/t?

The help site lists $4.44 r/t but that doesn't seem right...?

For example, TST lists between $0.62-$1.12 r/t, and Amp lists between $0.78-$1.08 r/t.

Is Helios commissions literally 4x as much for the micros?

 
 rb55 
Manchester England
 
Experience: Intermediate
Platform: NT8, Tradingview, mt4/5
Trading: RTY, ES, YM, NQ, CL, DAX, FTSE, GC, NG
Posts: 49 since Oct 2016
Thanks Given: 8
Thanks Received: 33



karentrader View Post
Hi ryan,

Can you confirm your micro commissions per r/t?

The help site lists $4.44 r/t but that doesn't seem right...?

For example, TST lists between $0.62-$1.12 r/t, and Amp lists between $0.78-$1.08 r/t.

Is Helios commissions literally 4x as much for the micros?


Micros are cheaper, details in the links.

https://help.earn2trade.com/en/articles/3226606-commissions-on-micro-assets

http://help.earn2trade.com/en/articles/2280137-what-is-the-fee-structure-on-the-live-or-livesim-accounts

I requested I go on the cheaper structure and then you have to provide a list of instruments you will trade.

However I didn't realise this will block you from trading anything else not on your list.

For example, I gave them a list of the micros I want to trade but when it came to trying to trade the ES or ZN my orders were rejected. Yesterday (the 5th) I asked why I couldn't trade those contracts and was told it was because I had requested to go on the live commission structure of those specific assets. Left me a litle confused to be fair as I just assumed the larger contracts were a standard commision rate and my request was for the micros. Should make that clear on the web page.

The CS guy said he would sort it and I gave him a list of non-micro contracts I would like to trade but when I tried to trade ZN again today the orders were still rejected. Pretty frustrating as I missed some good signals on ZN today.

I asked why I couldn't trade them again today and after a long wait was told; 'This will most probably be ready today after the market closes and opens back again.'

Wasn't sure what that meant so I asked if that meant Monday and was told; Probably today after the market closes and then opens again.

Thanked by:
 
 karentrader 
burlington, vt
 
Experience: Advanced
Platform: Sierra
Trading: NQ
Posts: 198 since Aug 2015
Thanks Given: 85
Thanks Received: 394


rb55 View Post
Micros are cheaper, details in the links.

https://help.earn2trade.com/en/articles/3226606-commissions-on-micro-assets

http://help.earn2trade.com/en/articles/2280137-what-is-the-fee-structure-on-the-live-or-livesim-accounts

I requested I go on the cheaper structure and then you have to provide a list of instruments you will trade.

However I didn't realise this will block you from trading anything else not on your list.

For example, I gave them a list of the micros I want to trade but when it came to trying to trade the ES or ZN my orders were rejected. Yesterday (the 5th) I asked why I couldn't trade those contracts and was told it was because I had requested to go on the live commission structure of those specific assets. Left me a litle confused to be fair as I just assumed the larger contracts were a standard commision rate and my request was for the micros. Should make that clear on the web page.

The CS guy said he would sort it and I gave him a list of non-micro contracts I would like to trade but when I tried to trade ZN again today the orders were still rejected. Pretty frustrating as I missed some good signals on ZN today.

I asked why I couldn't trade them again today and after a long wait was told; 'This will most probably be ready today after the market closes and opens back again.'

Wasn't sure what that meant so I asked if that meant Monday and was told; Probably today after the market closes and then opens again.

Thanks for the clarification.
I contacted them and the live rates are double what the typical market rate is for the micros, at around $2.10 r/t. At that rate, scalping is definitely out of the question for sure, if on mNQ or something similar.

 
 
dyst's Avatar
 dyst 
Singapore
 
Experience: Intermediate
Platform: NinjaTrader, Sierra, MT4
Trading: ES, CL, NG, XAUUSD, USDJPY
Posts: 109 since May 2015
Thanks Given: 75
Thanks Received: 91

Thanks for the info bro.

I am interested in trading Micros on the Gauntlet Mini (good risk management)
It seems better suited since we have this trailing DD.



rb55 View Post
Micros are cheaper, details in the links.

https://help.earn2trade.com/en/articles/3226606-commissions-on-micro-assets

http://help.earn2trade.com/en/articles/2280137-what-is-the-fee-structure-on-the-live-or-livesim-accounts

I requested I go on the cheaper structure and then you have to provide a list of instruments you will trade.

However I didn't realise this will block you from trading anything else not on your list.

For example, I gave them a list of the micros I want to trade but when it came to trying to trade the ES or ZN my orders were rejected. Yesterday (the 5th) I asked why I couldn't trade those contracts and was told it was because I had requested to go on the live commission structure of those specific assets. Left me a litle confused to be fair as I just assumed the larger contracts were a standard commision rate and my request was for the micros. Should make that clear on the web page.

The CS guy said he would sort it and I gave him a list of non-micro contracts I would like to trade but when I tried to trade ZN again today the orders were still rejected. Pretty frustrating as I missed some good signals on ZN today.

I asked why I couldn't trade them again today and after a long wait was told; 'This will most probably be ready today after the market closes and opens back again.'

Wasn't sure what that meant so I asked if that meant Monday and was told; Probably today after the market closes and then opens again.


Numbers work... Magic lies in the numbers
 
 
dyst's Avatar
 dyst 
Singapore
 
Experience: Intermediate
Platform: NinjaTrader, Sierra, MT4
Trading: ES, CL, NG, XAUUSD, USDJPY
Posts: 109 since May 2015
Thanks Given: 75
Thanks Received: 91

@canoekoh You seem to have the same exact problems I used to have when doing the Gauntlet last year... with Rithmic/Sierra chart (Sierra refused to help too) and then with frequent d/c on rtrader at times

Then I moved into Finamark. It was cool but I noticed same disconnection problem will happen almost everyday at same time... let's hope it has improved this year. The only platforms I know how to use are Rithmic, Ninja, Sierra and Finamark yet unfortunately all 4 have issues lol.

I wish there was a way to add tradingview to it. Sure lots of people would agree


canoekoh View Post
yes, luckily i did not have any disconnects the past 3 days when the volatility was the highest so i've been fortunate. i've currently had a total of 4 disconnection incidents but luckily they happened last week and the week before that.

likewise, i do not know who is really at fault as i'm not an engineer but what i can say is: during the disconnects i experienced, it didn't seem to be a problem with the Rithmic data feed itself b/c i use the Denali datafeed + Rithmic order routing. perhaps the Rithmic datafeed is top-tier but there are clearly issues with Rithmic outside of just their datafeed that is causing these disconnects. the biggest tell imo was the fact that i couldn't login to Rithmic Trader Pro during these brief moments of disconnection.

i was also located in Asia during these incidents if that helps. i know with cqg, cqg automatically connects you to their Singapore server for example, if you're trading from a country near there. there have been many times when the CQG singapore server was down while the US server was perfectly fine. i remember complaining to AMP futures that CQG wasn't working only for them to think that the problem was on my side b/c they weren't getting any complaints from their users, most of whom are based in US + Europe.

whereas i was trading from the US this week and i didn't experience any disconnects with Rithmic (yet). so maybe this is similar to the situation described in the previous paragraph. or maybe not.

i remember asking Sierrachart engineering if their Rithmic Bridge Program affects only market data or both data+trading and they replied with both market data+trading so i admit there is an inherent risk with using Sierracharts with Rithmic. it's just that at this point, Sierrachart is essential to my trading, as i expect it to be with many others.


Numbers work... Magic lies in the numbers
 
 rb55 
Manchester England
 
Experience: Intermediate
Platform: NT8, Tradingview, mt4/5
Trading: RTY, ES, YM, NQ, CL, DAX, FTSE, GC, NG
Posts: 49 since Oct 2016
Thanks Given: 8
Thanks Received: 33

Just thought I would update my experience with e2t.


I was on the $50K mini and today running into the bell I had open just a single micro MES.

My PC crashed. Since the last W10 update I have had a couple of the dreaded blue screens of death.

By the time it went thru the closing process, rebooted and I reopened RT Pro it was 15:13 CT and I closed out the trade.

I went to E2T's website and saw that I had broken a rule as the cutoff time is 15:10 CT

I explained on the chat what had happened and asked if this rule could be overlooked but was told no despite the exchange closing at 15:15 CT which is something the rep wasnt aware of, he told me it was 15:10 CT

I respect the fact a rule was broken but sometimes I think you have to look at the circumstances, not everything is black and white.

My exposure was tiny, just a 1 lot micro in a $50K account.

It was closed before the exchange closed. (Oneuptrader's cutoff rule is 15:15 so not sure why e2t is 15:10)

And there is no function in Finamarks or RT Pros platform to close out all trades by a certain time so one is left with this risk regardless.


I asked the service rep if they could overlook this but was told they couldn't do anything and I would have to reset for $100 which I am not prepared to do as this could happen again. This leaves a bit of a bitter taste as I'm not sure what else I could do in this situation.

This is the real world and various things happen from time to time which you can't control and I think some things need to be taken into context and consideration if a rule is broken.

Not sure why a trading firm wouldn't want to help their traders rather than hurt them but alas, that is the business model I guess.

 
 SawDr 
Washington, DC
 
Experience: Intermediate
Platform: Ninja and TOS
Broker: Ninja
Trading: CL, ES
Posts: 100 since Dec 2009
Thanks Given: 114
Thanks Received: 62


karentrader View Post
Thanks for the clarification.
I contacted them and the live rates are double what the typical market rate is for the micros, at around $2.10 r/t. At that rate, scalping is definitely out of the question for sure, if on mNQ or something similar.

Yes - their rate for Micros is WAY out of line. $2.10 RT is ridiculous.

 
userque
Chicago IL
 
Posts: 180 since Apr 2016
Thanks Given: 573
Thanks Received: 129


rb55 View Post
Just thought I would update my experience with e2t.


I was on the $50K mini and today running into the bell I had open just a single micro MES.

My PC crashed. Since the last W10 update I have had a couple of the dreaded blue screens of death.

By the time it went thru the closing process, rebooted and I reopened RT Pro it was 15:13 CT and I closed out the trade.

I went to E2T's website and saw that I had broken a rule as the cutoff time is 15:10 CT

I explained on the chat what had happened and asked if this rule could be overlooked but was told no despite the exchange closing at 15:15 CT which is something the rep wasnt aware of, he told me it was 15:10 CT

I respect the fact a rule was broken but sometimes I think you have to look at the circumstances, not everything is black and white.

My exposure was tiny, just a 1 lot micro in a $50K account.

It was closed before the exchange closed. (Oneuptrader's cutoff rule is 15:15 so not sure why e2t is 15:10)

And there is no function in Finamarks or RT Pros platform to close out all trades by a certain time so one is left with this risk regardless.


I asked the service rep if they could overlook this but was told they couldn't do anything and I would have to reset for $100 which I am not prepared to do as this could happen again. This leaves a bit of a bitter taste as I'm not sure what else I could do in this situation.

This is the real world and various things happen from time to time which you can't control and I think some things need to be taken into context and consideration if a rule is broken.

Not sure why a trading firm wouldn't want to help their traders rather than hurt them but alas, that is the business model I guess.

Did you use bracket orders with rithmic?

 
 
Earn2Trade's Avatar
 Earn2Trade 
 
Posts: 201 since Jul 2018
Thanks Given: 9
Thanks Received: 299



trade5000 View Post
just checking back on when you are releasing the details

Should be within a month!

Earn2Trade
www.earn2trade.com
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