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Earn2Trade (Helios) - "The Gauntlet"


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Earn2Trade (Helios) - "The Gauntlet"

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  #1 (permalink)
Toronto Canada
 
 
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Has anyone tried this program and passed? Any feedback is appreciated.

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  #3 (permalink)
Legendary Market Wizard
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You probably posted this in the wrong forum ... Commodities Trading isn't the busiest forum here. Maybe @Big Mike can move it.

I also received the email from another website (one where trolling and disparaging remarks almost seem to be encouraged). To pass you have to make a 10% profit in 60 Calendar days. That's an annualized profit of about 78%. I would assume that anybody who could make 78% annually consistently wouldn't need this!

While slighly different than @xplorer's recent "Definition of a prop firm" thread, I wonder whether the point of this challenge is to find people who can pass or make as many $349 fees as possible.

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  #4 (permalink)
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I've seen there stuff on Facebook adds and anyone who is asking you to post "1" if your interested in the program is fake!!

I haven't used them but from looking at there site for all of 5 minutes they look to be selling a dream like everyone else.
my 0.02

Edit: don't trust people in polo's trying to sell you anything!

-P

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  #5 (permalink)
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SMCJB View Post
You probably posted this in the wrong forum ... Commodities Trading isn't the busiest forum here. Maybe @Big Mike can move it.

I also received the email from another website (one where trolling and disparaging remarks almost seem to be encouraged). To pass you have to make a 10% profit in 60 Calendar days. That's an annualized profit of about 78%. I would assume that anybody who could make 78% annually consistently wouldn't need this!

While slighly different than @xplorer's recent "Definition of a prop firm" thread, I wonder whether the point of this challenge is to find people who can pass or make as many $349 fees as possible.


1) Well it is a futures program and this is a futures trading forum.

2) Despite the return expectations it seemed an improvement compared to TopStep or OneUp. That is the information I was looking for.

3) It's not the 10% return that's important it's the Sharpe ratio or drawdown to returns, since with appropriate capital you can always leverage a consistent program for a higher return.

I'm reaching out to them directly, but naturally I wanted an independent opinion.

thanks anyway

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  #6 (permalink)
Market Wizard
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let us know what happens/what you think


-P

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Legendary Market Wizard
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Northernlimit View Post
1) Well it is a futures program and this is a futures trading forum.

Agreed but there's a lot more ES traders here and they won't be looking in here. Wasn't trying to be critical.


Northernlimit View Post
3) It's not the 10% return that's important it's the Sharpe ratio or drawdown to returns, since with appropriate capital you can always leverage a consistent program for a higher return.

I read the email and clicked delete. The email doesn't mention any risk controls in anyway so wasn't aware of that. Of course risk/reward is far more important.


Northernlimit View Post
I'm reaching out to them directly, but naturally I wanted an independent opinion.

Good Luck to you

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  #8 (permalink)
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MiniP View Post
let us know what happens/what you think


-P

Since you asked I spoke with one of the people at The Gauntlet. Here is the feedback IMHO:

There are only 2 benchmarks for funding: 1 trade trade per week, minimum; and 10% return over 2 months. If you achieve that you are guaranteed funding. They assume you are a professional trader...by this I mean that you explain your approach, your expected drawdown, instruments traded, and trading style BEFORE you begin. In this way no ones time is wasted, unlike Topstep or 1Up. They actually fund 25k in margin unlike the phony money amounts Topstep and 1Up use and they are more forgiving of drawdowns unlike the 3% or 4% drawdowns at TopStep/1Up. The key issue as a professional is that you must stay within the benchmarks that you have defined for yourself as part of your strategy, you can't just experiment trade. Like everyone they are looking for consistency and if all goes right you actually get 25k in your funding account.

To me it's a much better deal than TopStep/1Up...the guys are friendly and helpful and pro traders.

IMHO, compared to TopStep/1Up it's a better deal, cheaper to participate, and ultimately more honest than the others. There are many complaints about Topstep/1Up but I find most complaints revolve around either newbies wasting money not knowing what they are doing or pros frustrated with the artificial restrictions (which are put in place by Topstep/1Up to protect their capital from the newbies who are lucky enough to pass); so for pros I would seriously consider The Gauntlet and if you are a newbie instead of wasting time and money floundering consider paying for the earn2trade course.

I have no vested interest in promoting The Gauntlet; I don't know them, and I have never been funded by them.

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  #9 (permalink)
Market Wizard
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Northernlimit View Post
Since you asked I spoke with one of the people at The Gauntlet. Here is the feedback IMHO:

There are only 2 benchmarks for funding: 1 trade trade per week, minimum; and 10% return over 2 months. If you achieve that you are guaranteed funding. They assume you are a professional trader...by this I mean that you explain your approach, your expected drawdown, instruments traded, and trading style BEFORE you begin. In this way no ones time is wasted, unlike Topstep or 1Up. They actually fund 25k in margin unlike the phony money amounts Topstep and 1Up use and they are more forgiving of drawdowns unlike the 3% or 4% drawdowns at TopStep/1Up. The key issue as a professional is that you must stay within the benchmarks that you have defined for yourself as part of your strategy, you can't just experiment trade. Like everyone they are looking for consistency and if all goes right you actually get 25k in your funding account.

To me it's a much better deal than TopStep/1Up...the guys are friendly and helpful and pro traders.

IMHO, compared to TopStep/1Up it's a better deal, cheaper to participate, and ultimately more honest than the others. There are many complaints about Topstep/1Up but I find most complaints revolve around either newbies wasting money not knowing what they are doing or pros frustrated with the artificial restrictions (which are put in place by Topstep/1Up to protect their capital from the newbies who are lucky enough to pass); so for pros I would seriously consider The Gauntlet and if you are a newbie instead of wasting time and money floundering consider paying for the earn2trade course.

I have no vested interest in promoting The Gauntlet; I don't know them, and I have never been funded by them.

Thank you for doing some research , do you think you will be participating?

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  #10 (permalink)
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MiniP View Post
Thank you for doing some research , do you think you will be participating?

I haven't decided yet....I have other considerations to take into account, but if I was to do it I would pick Gauntlet over the others.

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  #11 (permalink)
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Haven't tried either but reviewed their terms. Looks attractive aside from the rather big fee to sign up for a gauntlet trial which will last for 60 days.

Been waiting for someone else to post about it here, but seems no one has tried it either?

Noticed they had a promo code for 50% off in another forum posted months ago. Wish I knew about it...
Would have been definitely tried them instead of OneUP if I had known since the terms are more to my liking.

ps: Promo code is not working anymore btw. hope they have more attractive promo for members of this forum too!

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  #12 (permalink)
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I am going to start The Gauntlet in next few days.
I was TST funded trader for past 4 month until today.

It just didn't work out for me. Daily loss limit, trailing stop and many more restriction didn't allow me to be successful with TST with the way "I" trade.

Wish me luck with The Gauntlet.

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skfutures View Post
I am going to start The Gauntlet in next few days.
I was TST funded trader for past 4 month until today.

It just didn't work out for me. Daily loss limit, trailing stop and many more restriction didn't allow me to be successful with TST with the way "I" trade.

Wish me luck with The Gauntlet.


Good luck...let us all know how it goes!

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  #14 (permalink)
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skfutures View Post
I am going to start The Gauntlet in next few days.
I was TST funded trader for past 4 month until today.

It just didn't work out for me. Daily loss limit, trailing stop and many more restriction didn't allow me to be successful with TST with the way "I" trade.

Wish me luck with The Gauntlet.

Good luck

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We are welcoming on board a new site sponsor, Earn2Trade, and they are offering a special Elite Members discount as follows:

Receive 25% off The Gauntlet™, or receive 30% off the Bootcamp program

Full details are here as always:
https://futures.io/elite_membership/

We will be creating a new AMA thread for Earn2Trade in the next few days. Please look for that if you have any questions you want to ask about their products and services.

As always, futures.io has made special arrangements with these companies to provide discounted services for FIO Elite Members. These discounts are only offered to Elite Members.

Note: futures.io does NOT receive compensation for these referrals, we simply worked out these special deals to help our Elite Members who have chosen to support the site. Even though we believe these are great products and services, you should always do your own research before doing business with a company.

Here are all the current deals.


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  #16 (permalink)
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And i have already paid for the gauntlet with full price t.t

Sent using the futures.io mobile app

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  #17 (permalink)
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skfutures View Post
And i have already paid for the gauntlet with full price t.t

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Thanks for joining! We've issued you a 25% refund since you're an Elite member
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Good luck, buddy!

I'm waiting for the AMA thread (hopefully soon) before diving in


skfutures View Post
I am going to start The Gauntlet in next few days.
I was TST funded trader for past 4 month until today.

It just didn't work out for me. Daily loss limit, trailing stop and many more restriction didn't allow me to be successful with TST with the way "I" trade.

Wish me luck with The Gauntlet.


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  #19 (permalink)
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Yes hope it goes well buddy. I thought I would ask my questions here so we can all benefit from any fresh info.

Ok so I like that you can confirm your own risk parameters that fit your own style. That's great and should promote more success. The profit target is also very achievable in the timeframe, great.

Questions:

What is the cost of wire transfers on withdrawals ? Topstep is free over $250

Ok so profit split can range from 70%-80% which is trader dependant. Lets say 80%, so Helio takes 20% of profits at the end of each month. Do they also take 20% on withdrawals ? or is it just the 20% of end of month profits regardless of withdrawals.
Are there any other hidden costs traders need to be aware of.



Thank you in advance


Adam

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  #20 (permalink)
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traderadam View Post
Yes hope it goes well buddy. I thought I would ask my questions here so we can all benefit from any fresh info.

Ok so I like that you can confirm your own risk parameters that fit your own style. That's great and should promote more success. The profit target is also very achievable in the timeframe, great.

Questions:

What is the cost of wire transfers on withdrawals ? Topstep is free over $250

Ok so profit split can range from 70%-80% which is trader dependant. Lets say 80%, so Helio takes 20% of profits at the end of each month. Do they also take 20% on withdrawals ? or is it just the 20% of end of month profits regardless of withdrawals.
Are there any other hidden costs traders need to be aware of.



Thank you in advance


Adam

Hey Adam - Wire transfers are $15-35, depending on domestic or international. You can also elect for a direct bank payment (ACH), which is free.

Helios takes their cut at minimum once per month. If a trader requests a withdrawal more frequently, then they take their cut when the trader gets theirs.

Please remember that your trading profits will flow through on a K1 statement which means you'll keep the capital gains rates rather than 1099 ordinary income. This can be a huge savings if you're profitable.

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  #21 (permalink)
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Ok thanks Ryan,

so to confirm...if a trader withdrawals once a month Helio take only the initial 20% of end of month profit. But if a trader makes more than one withdrawal in a month, Helio take an extra 20% of the withdrawal amount on any withdrawals thereafter.


And the $25 wire fee, does that include international transfers to the UK?


Lastly what are the per round turn total costs per contract (not including data) for ES & NQ?

Thank you for your time

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traderadam View Post
Ok thanks Ryan,

so to confirm...if a trader withdrawals once a month Helio take only the initial 20% of end of month profit. But if a trader makes more than one withdrawal in a month, Helio take an extra 20% of the withdrawal amount on any withdrawals thereafter.


And the $25 wire fee, does that include international transfers to the UK?


Lastly what are the per round turn total costs per contract (not including data) for ES & NQ?

Thank you for your time

Think of it this way - Whenever the trader gets their share, Helios gets theirs. If the trader doesn't withdraw, Helios is getting their share once a month. Helios only ever gets their proper share, nothing more. If the trader decides to withdraw every week, then Helios is getting their cut every week too.

I spoke too soon regarding wire transfers and I edited my prior post. As of today, it's now $15 for domestic and international is $35. These are straight pass through fees from the bank. No additional tacked on fees to it.

ES/NQ = $0.50 commission + $0.02 NFA + $1.18 exchange = $1.70/side = $3.40RT/contract

If you're using Rithmic data feed add an additional $0.25/side/contract. If you use TT, then replace the Rithmic fee with theirs. If you use Finamark it's $0.20 instead of $0.25.

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  #23 (permalink)
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Ok thanks for the info Ryan. If there is anything else you can share to build confidence it would be greatly appreciated. Like the number of traders you have funded through Gauntlet, a traders experience with Helio etc

Kind regards

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traderadam View Post
Ok thanks for the info Ryan. If there is anything else you can share to build confidence it would be greatly appreciated. Like the number of traders you have funded through Gauntlet, a traders experience with Helio etc

Kind regards

We’ve just launched earlier this year and at this rate we’re on track to reach 100 traders who will pass the Gauntlet™ by the end of the year. We plan on having an AMA thread here soon as well as a webinar where we believe we can help answer some more questions. As always, anyone is more than welcome to come chat with us live on our website if they have any additional questions.

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@Earn2Trade, some questions:
1. Do you give additional rules after passing the gauntlet (like topstep or 1up)?
2. Do we have to trade the whole 60 days even we pass it before?
3. 1 trade min / week?
4. What if we just can't trade for whatever reasons for extended period time? Can we stop paying the professional data while we're out and still get funded when we're back?
5. Can the elite member keep using the 25% discount after failing? or is it ongoing subscription thing monthly until the goal is reached?
6. Is there a restriction on how many lot we use?

For the community here:
I thought the gauntlet fee is reasonable especially for elite member. The 10% goal is also doable in 2 months time. I will give it a try early next year since it's been awfully busy year work wise and just wanted a break from future trading.

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rintin2x View Post
@Earn2Trade, some questions:
1. Do you give additional rules after passing the gauntlet (like topstep or 1up)?
2. Do we have to trade the whole 60 days even we pass it before?
3. 1 trade min / week?
4. What if we just can't trade for whatever reasons for extended period time? Can we stop paying the professional data while we're out and still get funded when we're back?
5. Can the elite member keep using the 25% discount after failing? or is it ongoing subscription thing monthly until the goal is reached?
6. Is there a restriction on how many lot we use?

For the community here:
I thought the gauntlet fee is reasonable especially for elite member. The 10% goal is also doable in 2 months time. I will give it a try early next year since it's been awfully busy year work wise and just wanted a break from future trading.

Thanks for the questions!

1) No. Helios will explain in their offer what the restrictions are. This typically is just telling you what your drawdown/loss limit is (it's not trailing), making sure you trade the same way you did in the Gauntlet, and making sure you use stops.

2) Yes, you must continue to trade the account at least once per week until the 60 days is up. As a note, if you hit your 10% and completely change your trading style to limit your trading until the 60 days it up, this will reflect poorly and you are likely to receive a lower funding offer. To receive the best possible offer you should continue trading with the same style and frequency throughout the entire 60 day period.

3) Yes, that's the only minimum trade requirement.

4) Yes! Just let Helios know of your extended leave and they will make the arrangements.

5) It's a one time offer per user. Unlike others, this is not a subscription service and there is no auto-renewal. We do not suggest attempting The Gauntlet™ until you're confident you can pass. We believe that discounted fees lead to poor trading choices. If people know it's just a low re-entry cost if they mess up, they may take risk they maybe wouldn't normally take in order to pass. This is another reason we don't have cheap "reset" fees. We do our best to make sure the experience is as "realistic" as possible.

6) The only limit is by your balance. Whatever you have available, you can use.

I hope that answers your questions!

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  #27 (permalink)
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I like that answer no.5
Thanks for the answers Ryan.

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  #28 (permalink)
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Hi guys was doing some research trying to find reviews or other traders currently funded through Helios...no luck. If anyone else does please post.

To Ryan, can you please confirm that once a trader has passed the Gauntlet that they are guaranteed a funded account of some sort?

Kind regards

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Hi guys was doing some research trying to find reviews or other traders currently funded through Helios...no luck. If anyone else does please post.

To Ryan, can you please confirm that once a trader has passed the Gauntlet that they are guaranteed a funded account of some sort?

Kind regards

I think they are relatively new to the scene so finding reviews may be difficult.

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  #30 (permalink)
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traderadam View Post
Hi guys was doing some research trying to find reviews or other traders currently funded through Helios...no luck. If anyone else does please post.

To Ryan, can you please confirm that once a trader has passed the Gauntlet that they are guaranteed a funded account of some sort?

Kind regards

Absolutely, it's guaranteed.

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www.earn2trade.com
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  #31 (permalink)
Site Administrator
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Experience: Advanced
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Hi guys,

It is my pleasure to welcome Csaba Nahoczky @ Earn2Trade for a webinar on Thursday, August 9th @ 4:30PM Eastern US.

The title for the event is "An Introduction to Earn2Trade - Vision and Business Model", and bullet points include:

- The increase in the number of day traders and why trading is an attractive career direction
- The problems that beginners face when they want to switch to trading for a living
- Earn2Trade’s solution to the problems beginners face
- An introduction to Earn2Trade’s founders and core team
- Education as Earn2Trade’s forte
- Evaluation for funding - the Gauntlet™ program
- Funding through Earn2Trade’s business partners
- What is next for Earn2Trade?
- Q&A Session

Register for the event:
https://on.futures.io/0ifjn

Mike

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Experience: Advanced
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Mike

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  #33 (permalink)
Site Administrator
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Posts: 49,387 since Jun 2009
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Hi guys,

I also want to let everyone know that we've opened a new AMA thread so that Ryan, the founder of Earn2Trade, can answer your questions directly.

Here is the Earn2Trade AMA thread:


The difference between the AMA thread and the Vendor Review thread is -- AMA thread is meant for people to ask questions. Whereas the vendor review thread is meant for traders to share their review of the products and services offered by Earn2Trade.

Please help respect these differences, and post your question in the appropriate area.

Mike

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  #34 (permalink)
Orlando
 
Experience: None
Platform: Ninjatrader
Trading: Ym
 
traderjoefx's Avatar
 
Posts: 4 since Feb 2017
Thanks: 1 given, 21 received

Hello traders,
I was one of the luckiest guys who took advantage of an early promotion Earn2tradr was offering( 50% off the guantlet).my experience was a wonderful one.they were always available to answer any questions, received calls from them during the evaluation on a regular basis to check how Im doing.moreover I love it when they switched to rithmic and now support ninjatrader platform .I just finished the guantlet and I immediately received an initial offer, so still waiting for the next step.Im grateful for the opportunity they offered.as far as their rules I can say that its way more relaxed than topstep and 1up.they are forgiving and feel that they do their best so you dont fail.will I do it again? Absolutely ! Totally worth it.

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  #35 (permalink)
Singapore
 
Experience: Intermediate
Platform: NinjaTrader, Sierra, MT4
Trading: ES, CL, NG, XAUUSD, USDJPY
 
dyst's Avatar
 
Posts: 107 since May 2015
Thanks: 73 given, 89 received

Wow, so lucky! Yea, I am sad to have missed out on the 50% offer (did not know about it in time). Do keep us posted, when about funded life


traderjoefx View Post
Hello traders,
I was one of the luckiest guys who took advantage of an early promotion Earn2tradr was offering( 50% off the guantlet).my experience was a wonderful one.they were always available to answer any questions, received calls from them during the evaluation on a regular basis to check how Im doing.moreover I love it when they switched to rithmic and now support ninjatrader platform .I just finished the guantlet and I immediately received an initial offer, so still waiting for the next step.Im grateful for the opportunity they offered.as far as their rules I can say that its way more relaxed than topstep and 1up.they are forgiving and feel that they do their best so you dont fail.will I do it again? Absolutely ! Totally worth it.


You always ask the best questions xD


rintin2x View Post
I like that answer no.5
Thanks for the answers Ryan.


Numbers work... Magic lies in the numbers
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  #36 (permalink)
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Webinar recording:



Mike

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  #37 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: Bookmap
Broker: AMP, Rithmic
Trading: GC, ES
 
Posts: 67 since Aug 2014
Thanks: 25 given, 103 received

Just wanted to let everyone know that I started the Gauntlet today. So far there customer service has been excellent. They responded to all my emails extremely quick. I’ll start trading on Monday and will report back in 60 days to give an update.


Sent using the futures.io mobile app

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  #38 (permalink)
Sulphur, LA USA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES, NQ
 
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msemryck View Post
Just wanted to let everyone know that I started the Gauntlet today. So far there customer service has been excellent. They responded to all my emails extremely quick. I’ll start trading on Monday and will report back in 60 days to give an update.


Sent using the futures.io mobile app

Good luck, I'm in it also.

Sent using the futures.io mobile app

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  #39 (permalink)
Johor, Malaysia
 
Experience: Beginner
Platform: Sierra Chart
Trading: CL, GC
 
Posts: 186 since Oct 2013
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msemryck View Post
Just wanted to let everyone know that I started the Gauntlet today. So far there customer service has been excellent. They responded to all my emails extremely quick. I’ll start trading on Monday and will report back in 60 days to give an update.


Sent using the futures.io mobile app

I am also working on the Gauntlet challenge. In the 2nd month now. Good luck!

Just a note of caution when trading near report/announcement time. The slippage might not be as "forgiving".

Sleep well, Eat Healthy, Breathe...
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  #40 (permalink)
Melbourne, Australia
 
Experience: Beginner
Platform: Ninja Trader
Broker: Ninjatrader Brokerage
Trading: Many
 
Posts: 135 since May 2012
Thanks: 156 given, 88 received


traderjoefx View Post
Hello traders,
I was one of the luckiest guys who took advantage of an early promotion Earn2tradr was offering( 50% off the guantlet).my experience was a wonderful one.they were always available to answer any questions, received calls from them during the evaluation on a regular basis to check how Im doing.moreover I love it when they switched to rithmic and now support ninjatrader platform .I just finished the guantlet and I immediately received an initial offer, so still waiting for the next step.Im grateful for the opportunity they offered.as far as their rules I can say that its way more relaxed than topstep and 1up.they are forgiving and feel that they do their best so you dont fail.will I do it again? Absolutely ! Totally worth it.

Hi Traderjoefx,
Would you mind sharing on the following?
1- What is the initial capital amount which they have offered you for live trading?
2 - Did you stick to your rules in your trial period (not asking for your trade rules) and if no, did they give you an indication of what they would have offered you in initial capital, had you stuck by them?
3 - Have you spoken with them on the next step, that being a greater capital amount to trade with and what it would take to be offered that?

thanks in advance

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  #41 (permalink)
Orlando
 
Experience: None
Platform: Ninjatrader
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Posts: 4 since Feb 2017
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msemryck View Post
Just wanted to let everyone know that I started the Gauntlet today. So far there customer service has been excellent. They responded to all my emails extremely quick. I’ll start trading on Monday and will report back in 60 days to give an update.


Sent using the futures.io mobile app

hello again traders
to answer few questions, I didnt really set up rules as I chose the freestyle trading but of course I was cautious with my trading. I reached the 10 % required in the first month or so but got some family issues going on combined with an intense summer work schedule at my other job so wasnt able to trade as much. long story short I was offered a capital of 15 thousands and 25% drawdown, and 70/30 profit split.It s been almost a month now since I started working for helios and it s been a great experience. have I sat rules and stuck by them I probably would have gotten more capital and 80/20 split, but I dont worry much about it cause I know that is something you can always negotiate once you proove good trading in the long term ,so it s little early to predict but overall I see room for growth with these guys.
what s the max capital I can ask for? that s a question I wish I could have answer to, we ll see but Im not in a hurry.just a step at a time.

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  #42 (permalink)
Bridgeport, Ct
 
Experience: None
Broker: Tasty
Trading: STONKS
 
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Posts: 505 since Jun 2012
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traderjoefx View Post
hello again traders
to answer few questions, I didnt really set up rules as I chose the freestyle trading but of course I was cautious with my trading. I reached the 10 % required in the first month or so but got some family issues going on combined with an intense summer work schedule at my other job so wasnt able to trade as much. long story short I was offered a capital of 15 thousands and 25% drawdown, and 70/30 profit split.It s been almost a month now since I started working for helios and it s been a great experience. have I sat rules and stuck by them I probably would have gotten more capital and 80/20 split, but I dont worry much about it cause I know that is something you can always negotiate once you proove good trading in the long term ,so it s little early to predict but overall I see room for growth with these guys.
what s the max capital I can ask for? that s a question I wish I could have answer to, we ll see but Im not in a hurry.just a step at a time.

Are you now considered "professional" as far as data fees go?

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  #43 (permalink)
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little ES, GE, GC, SI & Bitcoin
 
Posts: 3,796 since Dec 2013
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TheShrike View Post
Are you now considered "professional" as far as data fees go?

That's a good question, I think you may have hit an interesting point, one of the non-professional requirements is
be limited to managing the Subscriber’s own assets, and not be used in connection with the management of any assets of any third party(ies) in any capacity
which is no longer true, so I suspect CME would classify them as "professional" ~ $105/month per exchange please

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  #44 (permalink)
Orlando
 
Experience: None
Platform: Ninjatrader
Trading: Ym
 
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Posts: 4 since Feb 2017
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TheShrike View Post
Are you now considered "professional" as far as data fees go?

Yes you become a professional trader,thus you are responsible for the data exchange fee.the good thing it s deducted from your account balance,I believe it s$105 smthg like that per exchange.
Good luck!

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  #45 (permalink)
West Palm Beach, FL / USA
 
Experience: Beginner
Platform: NinjaTrader
Trading: I'll trade anything with volatility and momentum.
 
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Posts: 48 since Jan 2014
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Traders,

It's doable. I did it on my first try!

If I can do it, so can you.

I posted all my trades on my FB blog: https://www.facebook.com/capitaldynasty/

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  #46 (permalink)
Vancouver, Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ninjatrader Continuum
Trading: RTY, ES, and Directional Options on QQQ, SPY, IWM, AMZN, AAPL, TSLA
 
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MarthaChiriboga View Post
Attachment 256890

Traders,

It's doable. I did it on my first try!

If I can do it, so can you.

I posted all my trades on my FB blog: https://www.facebook.com/capitaldynasty/

Congratulations and thanks for posting your trades.

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  #47 (permalink)
West Palm Beach, FL / USA
 
Experience: Beginner
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NGtrader View Post
Congratulations and thanks for posting your trades.

Tomorrow, I will post all my stats so that all the statisticians can review my performance on a granular-level.

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  #48 (permalink)
Market Wizard
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 945 since Oct 2011
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I think if I were going to try to be a funded trader, these are the folks I would go with. It seems like a lot less hoops to jump through than the others. Maybe they actually want good traders as opposed to the one's who just want to make it virtually impossible to succeed.
Of course I am interested in seeing what happens with the people who actually get funded and how things go.
So far, I like what I am seeing.

Failure is not an option
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  #49 (permalink)
Antwerp
 
 
Posts: 454 since Jun 2016

I will probably start my Gauntlet next week.

I have some experience with TST and OneUp trader, the rules at Earn2Trader are much more realistic and everything feels much more professional.
With these guy's you really get the impression that they are looking for good and profitable traders so both the funding partner and the traders them self can benefit from a partnership.

Both OneUp and TST feels more like they are after the subscription fee's since some of their rules are near impossible, definitely on the longer term.

I will keep you guy's updated on how things are going for me.




Ps; For everyone reading this: A like/thanks to my original post in the link below would be very much appreciated since i can win a price with it!

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  #50 (permalink)
Syracuse, NY
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Mirus Futures/Zen-Fire
Trading: NQ
 
Posts: 114 since Jan 2011
Thanks: 21 given, 82 received

Just finished with them....it seems yes they give you a 25000 acct to test your trading skills...but know when you trade a single contract they set aside 6200 of the acct for Margin....for each contract...full maintenance not Day Trading Margins....If you use NT as your platform NT doubles that....so a single contract is 2 times the 6200 so 12400 is gone out of your 25000 acct...I was trading a simple 3 contract Scalp and getting margin calls...the margin was being calculated to 36000 and the acct only had 25000....just be aware of that …..they say they wont refund the monies because they had to setup a trading acct.....but I cant use them with my techniques....Just saying....If you use Sierra not the same problem as with NT....but they do use full margins in their calculations....

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  #51 (permalink)
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
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loantelligence View Post
Just finished with them....it seems yes they give you a 25000 acct to test your trading skills...but know when you trade a single contract they set aside 6200 of the acct for Margin....for each contract...full maintenance not Day Trading Margins....If you use NT as your platform NT doubles that....so a single contract is 2 times the 6200 so 12400 is gone out of your 25000 acct...I was trading a simple 3 contract Scalp and getting margin calls...the margin was being calculated to 36000 and the acct only had 25000....just be aware of that …..they say they wont refund the monies because they had to setup a trading acct.....but I cant use them with my techniques....Just saying....If you use Sierra not the same problem as with NT....but they do use full margins in their calculations....

Wierd. Margins are set by the exchange and by brokers, not by software.

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  #52 (permalink)
Syracuse, NY
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Mirus Futures/Zen-Fire
Trading: NQ
 
Posts: 114 since Jan 2011
Thanks: 21 given, 82 received

True....what ever the Maintenance is with Rithmic for a Full Day....no intraday margins is what is charged to the Acct...I trade NQ...I think its around 6380 with Rithmic...According to Earn2Trade...When using NT...the Margins are doubled...

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  #53 (permalink)
Stuttgart + Germany
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, CL
 
Posts: 15 since Oct 2016
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Are you using OCO orders?

Please see the Link for the explanation.

https://forum.ampfutures.com/forum/amp-brokerages-and-trading-information/tradin...uired-margin-explanation

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  #54 (permalink)
Syracuse, NY
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Mirus Futures/Zen-Fire
Trading: NQ
 
Posts: 114 since Jan 2011
Thanks: 21 given, 82 received

So just to clarify....If I go long 1 contract with a target of x and stop of x ….still only 1 $400 margin correct....no OCO

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  #55 (permalink)
Stuttgart + Germany
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, CL
 
Posts: 15 since Oct 2016
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loantelligence View Post
So just to clarify....If I go long 1 contract with a target of x and stop of x ….still only 1 $400 margin correct....no OCO

No, if you go long 1 contract with a target and a stop, with full maintance margin required, it will make


loantelligence View Post
so a single contract is 2 times the 6200 so 12400 is gone out of your 25000 acct...


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  #56 (permalink)
Sulphur, LA USA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES, NQ
 
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Posts: 56 since May 2014
Thanks: 36 given, 65 received


loantelligence View Post
Just finished with them....it seems yes they give you a 25000 acct to test your trading skills...but know when you trade a single contract they set aside 6200 of the acct for Margin....for each contract...full maintenance not Day Trading Margins....If you use NT as your platform NT doubles that....so a single contract is 2 times the 6200 so 12400 is gone out of your 25000 acct...I was trading a simple 3 contract Scalp and getting margin calls...the margin was being calculated to 36000 and the acct only had 25000....just be aware of that …..they say they wont refund the monies because they had to setup a trading acct.....but I cant use them with my techniques....Just saying....If you use Sierra not the same problem as with NT....but they do use full margins in their calculations....

I'm using Sierra and it's the same problem. I can't put a Stop and TP (take profit). If I trade 2 contracts its like I'm trading 6. I have had some big losses since I can not put a Stop.

Sent using the futures.io mobile app

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  #57 (permalink)
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little ES, GE, GC, SI & Bitcoin
 
Posts: 3,796 since Dec 2013
Thanks: 3,088 given, 7,362 received

I assume we can agree that if you send a bracket order to YOUR SOFTWARE PROVIDER, that your are sending two orders, one above the market and one below the market. Many of you will argue that this is only one order because only one can get executed. The important issue is, how does YOUR SOFTWARE PROVIDER handle this, If YOUR SOFTWARE PROVIDER actually sends two orders to the exchange, then it makes sense that you get charged margin for having two open orders. If YOUR SOFTWARE PROVIDER instead manages these orders and only sends one order to the exchange, it's a very different margin scenario. From the conversation it sounds like the reason that when using NT you get charged double margin when sending a bracket order is because NT sends BOTH orders to the exchange. SC on the other hand probably only sends one order to the exchange. Having a (sporadically used) Tradestation account, I know that if you send a bracket order to Tradestation, they in turn only send to the exhange the order nearest to the current market price.

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  #58 (permalink)
Syracuse, NY
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Mirus Futures/Zen-Fire
Trading: NQ
 
Posts: 114 since Jan 2011
Thanks: 21 given, 82 received

I am still at a loss...intraday margin on an NQ contract is $500....now if I add a Stop (Long contract with Stop) is that now $1000 in margin....and if there is a target is that another $500 so $1500 in Margin???

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  #59 (permalink)
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little ES, GE, GC, SI & Bitcoin
 
Posts: 3,796 since Dec 2013
Thanks: 3,088 given, 7,362 received

Exchange margins are the MINIMUM OVERNIGHT MARGINS. These are the margins that brokers are required by the exchange to collect from customers for positions HELD AT THE END OF THE DAY. From an exchange perspective there is no such thing as "intraday margin" they only care about end of day positions*. As such "intraday margin" is something 100% FCM dependent. Hence what Broker A charges you to have an intra-day position may be completely different than Broker B. But what Broker A charges you to have an overnight position while it may be different than Broker B both of them will be equal to or greater than exchange minimums. Having experience of dealing with many FCMs I can confidently state that in most cases "intraday margin" is as much 'know your customer' as it is a formula.

For what its worth if your using a broker that charges more than exchange margins for overnight positions in my opinion your using the wrong broker!

* There are rare times in extremely high volatility periods where the exchange can and does margin FCMs "intra-day" at the overnight margin rate but these are a) very rare and b) not defined as normal margin rates

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  #60 (permalink)
Antwerp
 
 
Posts: 454 since Jun 2016

So just to simplify things.

If would enter a trade, 2 contracts with a 2 contract target and a 2 contract stop, i would need to provide the margin for 6 contracts?
I was also planning on doing the Gauntlet, however if this is the case and i need to provide the overnight margin for 6 contracts each trade it seems to make it impossible for my strategy to work there.





Ps; For everyone reading this: A like/thanks to my original post in the link below would be very much appreciated since i can win a price with it!

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  #61 (permalink)
Legendary Elite_Member
Wiltshire, United Kingdom
 
Experience: Beginner
Platform: Jigsaw daytradr
Trading: US Equity Index Futures
 
matthew28's Avatar
 
Posts: 939 since Sep 2013
Thanks: 2,274 given, 1,670 received

I had a look through the Earn2Trade website the other day.

This is why anybody trading with Ninjatrader is requiring double margin if entering a stop:
https://help.earn2trade.com/platform/how-does-margin-work-with-ninjatrader

This is where they say full exchange margin is required:
http://help.earn2trade.com/how-much-margin-will-i-be-able-to-trade-with

As people mention the NQ, looking at the exchange page will tell you the product margin ($6,150):
https://www.cmegroup.com/trading/equity-index/us-index/e-mini-nasdaq-100_performance_bonds.html

Earn2Trade use the full margin because unlike the competitor day trading only firms, they allow traders to hold positions overnight so that is the necessary margin amount required. This is mentioned on their site and in the webinar they did for futures.io:
https://www.youtube.com/watch?v=21o6JdgN0mo

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Antwerp
 
 
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RDK91 View Post
So just to simplify things.

If would enter a trade, 2 contracts with a 2 contract target and a 2 contract stop, i would need to provide the margin for 6 contracts?
I was also planning on doing the Gauntlet, however if this is the case and i need to provide the overnight margin for 6 contracts each trade it seems to make it impossible for my strategy to work there.





Ps; For everyone reading this: A like/thanks to my original post in the link below would be very much appreciated since i can win a price with it!

I have found the answer to my question.

Turns out this is only the case when one is using NT.
Since i will be using the RTrader DOM for my execution there is no problem for me.

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Hi guys,

Our November Journal Challenge is about to begin, and is sponsored by Earn2Trade. One of the prizes is a free 60-day Gauntlet, which can be used towards earning a fully-funded trading account.

You can check out the main event thread here:


My goal with these events is to encourage journaling. It is my absolute belief that the more you journal, the more you improve your trading. I hope to see you participate!

Mike

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  #64 (permalink)
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Wouldn't a workaround in NT be to use simulated stops?

I know its not the ideal solution, but at least that way you aren't reserving more margin.

Downside of course is the additional latency involved , and of course your internet connection quality needs to be solid.

I started the Gauntlet lask week. Really hopeful this is a good avenue for me to accumulate funds for my own personal futures account.

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KillerJukeBox View Post
Wouldn't a workaround in NT be to use simulated stops?

I know its not the ideal solution, but at least that way you aren't reserving more margin.

Downside of course is the additional latency involved , and of course your internet connection quality needs to be solid.

I started the Gauntlet lask week. Really hopeful this is a good avenue for me to accumulate funds for my own personal futures account.

It was determined through discussion in another thread on this forum that there was a bug in Rithmic resulting in a double margin requirement when a NinjaTrader ATM was used connected to Rithmic. Once Rithmic resolves this bug, NinjaTrader will only require 1X margin.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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  #66 (permalink)
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@NinjaTrader

that's great, has Rithmic give you an ETA on when to expect a fix on their end?

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KillerJukeBox View Post
@NinjaTrader

that's great, has Rithmic give you an ETA on when to expect a fix on their end?

No they have not. For clarification, this bug only impacts Rithmic installations that use SMAC risk settings. NinjaTrader Brokerage does not use these settings and thus is not impacted by this bug. Rithmic at NinjaTrader Brokerage only uses 1X margin.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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Hi guys,

Just a quick note to say "Happy Anniversary" to Earn2Trade, a sponsor of futures io.

We sent them a cake and cupcakes to celebrate. They posted this on social media:

https://www.facebook.com/earn2trade/posts/2217600355231056




Mike

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I'm posting this as I have been asked about my eventual success with the Gauntlet as I was a big supporter when the Gauntlet first came out. When I founded this post few had heard of them and there was a lot of misinformation about the company. After calling them I felt they were a big improvement over TopStep and OneUp, and I still believe that.

I have yet to attempt the Gauntlet, because at the time it wasn't possible for me to do so and now it looks like, sadly, I never will for the original rules have changed. I expect success bred the changes or maybe it was wisdom, I don't know, but if my memory serves correctly originally the sim drawdown was subjective (up to 30% as defined by the trader's experience and style), and the capital allocation was $50k. It was exciting to see an entry trader program that made sense for those aspiring to a real hedgefund-style allocation. However now the capital allocation has dropped to $25k and the drawdown is a meager 10%. It's so tight that now most sustainable traders likely to be accepted are day traders and weekly swingers.

Not that there is anything wrong with that, I still think Helios is an opportunity, but the new rules don't fit my style like the old rules and to try to shoehorn my style into the new rules is not worth the time or the grief. I would suggest who are like me try Collective2.

I wish them, and every Gauntlet trader, a prosperous New Year.

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I got a email from the Earn2Trade.
They made a rewards for becoming the funded trader.

Everyone should definitely check the website.

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Antwerp
 
 
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skfutures View Post
I got a email from the Earn2Trade.
They made a rewards for becoming the funded trader.

Everyone should definitely check the website.

They only reward you with a refund if you manage to make 20% with a maximum draw down of 5%.

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  #72 (permalink)
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Or 40% with 10% drawdown

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  #73 (permalink)
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skfutures View Post
I got a email from the Earn2Trade.
They made a rewards for becoming the funded trader.

Everyone should definitely check the website.

Yes, if you reach 5k total profit with no more than a $1250 drawdown for the Gauntlet.

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  #74 (permalink)
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Northernlimit View Post
Since you asked I spoke with one of the people at The Gauntlet. Here is the feedback IMHO:



There are only 2 benchmarks for funding: 1 trade trade per week, minimum; and 10% return over 2 months. If you achieve that you are guaranteed funding. They assume you are a professional trader...by this I mean that you explain your approach, your expected drawdown, instruments traded, and trading style BEFORE you begin. In this way no ones time is wasted, unlike Topstep or 1Up. They actually fund 25k in margin unlike the phony money amounts Topstep and 1Up use and they are more forgiving of drawdowns unlike the 3% or 4% drawdowns at TopStep/1Up. The key issue as a professional is that you must stay within the benchmarks that you have defined for yourself as part of your strategy, you can't just experiment trade. Like everyone they are looking for consistency and if all goes right you actually get 25k in your funding account.



To me it's a much better deal than TopStep/1Up...the guys are friendly and helpful and pro traders.



IMHO, compared to TopStep/1Up it's a better deal, cheaper to participate, and ultimately more honest than the others. There are many complaints about Topstep/1Up but I find most complaints revolve around either newbies wasting money not knowing what they are doing or pros frustrated with the artificial restrictions (which are put in place by Topstep/1Up to protect their capital from the newbies who are lucky enough to pass); so for pros I would seriously consider The Gauntlet and if you are a newbie instead of wasting time and money floundering consider paying for the earn2trade course.



I have no vested interest in promoting The Gauntlet; I don't know them, and I have never been funded by them.



Hi, was wondering how it went with them? Did you get funded?...


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  #75 (permalink)
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Alexawl View Post
Hi, was wondering how it went with them? Did you get funded?...


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I have never applied for funding...I can't guarantee that I would make 1 trade per week. My strategy is a daily swing program with a holding period of a few days to a few weeks, so while I might have open positions every week but not necessarily a new trade. With my style I would be over-trading if I did that, which is obviously counter-productive. And of course I asked them about a "fake" trade, inputting a trade then selling it a few minutes later to get over the hurdle, and they would not bend on that; also it's not an "average" number you can't have 2 trades one week then zero the next and average them out to 1 per week.

While I don't agree with it, I understand their rationale in driving consistency and eliminating a lucky few trades, but as professionals I think they could see past those strategies that game the test rather easily, but it is what it is, so I think their requirement is better suited to an intraday approach.

For those in my position I would recommend Collective2 as an alternative.

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  #76 (permalink)
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Alexawl View Post
Hi, was wondering how it went with them? Did you get funded?...


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If you have any questions about the process, i recently passed my Gauntlet and now i am waiting for my funded account.
Check my journal for regular updates:


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  #77 (permalink)
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RDK91 View Post
If you have any questions about the process, i recently passed my Gauntlet and now i am waiting for my funded account.

Check my journal for regular updates:






Thank you, I will be looking into them.. I am tire of paying Topstep to follow their almost impossible drawdown rules...


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  #78 (permalink)
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Hey guys,

Some recent news from Earn2Trade to share (I am quoting their press release below):


Quoting 
We are happy to announce a partnership between Earn2Trade and Journalytix. Earn2Trade Gauntlet™ participants will now have access to Journalytix trade analytics to help them maximize the returns from their trading efforts.

The Gauntlet™ is a 60 day trader examination that leads to a funded account at Earn2Trade’s Proprietary firm partner. Traders must meet a 10% profit target without exceeding a 10% drawdown limitation in a 60 day trial and if successful go on to be given a funded trading account. The Gauntlet™ provides a flexible environment for traders by permitting trading at all times, including overnight trading, with no trailing drawdown restriction.

Journalytix is the next generation automated trade analytics and journaling tool with a built-in real- time news feed. The tools reveal patterns in trading data that help traders understand what’s working for them and what isn’t. Traders not only get up to the minute analytical information about their day in terms of both P&L and Risk, they also get a heads up in terms of both scheduled economic releases and market moving news, tailored to events that are likely to impact their trading.

This partnership is geared towards giving Earn2Trade Gauntlet™ candidates an increased probability of passing and earning a funded account. “By integrating Journalytix directly into the Gauntlet™ dashboard, our candidates will have an unprecedented level of analytics available at their fingertips, at no additional cost.” remarked Ryan Masten, Founder of Earn2Trade LLC.

This partnership will help candidates in terms of having the tools to recognize and maximize profitable trading behaviors, and also to avoid getting caught offside when the market switches from technical to news-driven. Peter Davies at Jigsaw commented “The Gauntlet™ is an amazing way for traders to disconnect themselves from the limitations of their own account balance. With this partnership, existing Journalytix users will benefit from continuity in their trading analytics as they move through the Gauntlet™ and beyond”.

To celebrate this event, Earn2Trade are offering a special 20% discount to Jigsaw/Journalytix customers. Simply click this link to learn more.

The link mentioned is here:
https://www.earn2trade.com/gauntlet?discount=jigsaw&a_pid=jigsaw

I think it sounds like a positive move for everyone. Both Earn2Trade and Jigsaw Trading (Journalytix) are site sponsors of futures io as well, and I'm glad to see them teaming up to encourage users to journal -- and by extension, improve their trading performance. As you guys know, I am a huge believer in journaling!

Mike

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  #79 (permalink)
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skfutures View Post
Or 40% with 10% drawdown

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not true. once you hit 10% DD you are disqualified. So max is actually 9.9%

Numbers work... Magic lies in the numbers
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Hey guys,

@Earn2Trade recently released their new Gauntlet Mini and I received an email with a few details, so I wanted to share it here for those interested in this new program:










Direct link with the coupon code attached:
https://www.earn2trade.com/gauntlet-mini?discount=gmini25bt

If you have questions about this new service, please direct to @Earn2Trade on their AMA page:


Mike

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Some changes from Earn2Trade:


Quoting 
Dear Traders,

We’d like to start off by thanking all of you for helping make the launch of The Gauntlet Mini™
last month an immense success. We’re especially grateful to everyone who signed up and gave
us their feedback on it so we can continue improving it as we go. Going forward we’ll be making
the following trader oriented changes to The Gauntlet Mini™.

We’re removing LiveSim, traders will go directly to Helios after passing the evaluation.
Traders previously had to go through a Live Simulator phase which was a paper trading account
with the same terms and conditions as your offer, including the ability to request withdrawals
immediately. It wasn’t a second evaluation, but rather a risk management procedure for the
prop. firm. Helios decided to allow traders to skip this process for The Gauntlet Mini™ because
its rules are stricter than the original Gauntlet™ so less risk management is necessary. The way
you benefit from it is being able to request performance reviews for additional funding or
trade-able assets from them sooner.

We’re removing the daily loss limit for live accounts after the trader reaches profitability.
After getting funded you will no longer be subject to a daily loss limit once you make enough
profit for your loss limit to reach your starting balance. As an example, if you start your live
account at $25,000 and grow your balance over $25,550 your daily loss limit will be removed.

We’re raising the maximum position size and the progression ladder for micro contracts
times ten.

You will be able to trade up to ten contracts of all respective micros and it'll only count as one
contract towards the progression ladder and maximum number of positions. For example if the
progression ladder allows you 2 contracts then you can either trade up to 2 ES, 1 ES & 10 MES
or 20 MES. This change will go live after 5:00 p.m. Central Time October 1st, 2019.

Traders will no longer need to pay Helios for their data fees after getting funded if they
already have their own data feed.

If you already have your own paid data feed you can continue using it for charting after getting
funded without having to pay Helios the additional monthly $105 per exchange, however, you
will still need to execute trades through the feed they provide.

Traders will be able to keep using NinjaTrader after getting funded regardless of license
type.

Previously you were only able to keep using NinjaTrader after getting funded if you had a
license grandfathered into trading with 3rd party brokerages. Helios has now added a
Leader-Follower service that will allow you to copy your trades from NT to Helios through a
paper trading account. This means you're not interacting directly with the live market so there
could be a small delay and you may not get the same fill. Traders who choose this option are
responsible for monitoring their Helios account, since their loss limits are based on the Helios
account, not the paper trading account. There's also an additional $25 ($50 if your user is more
than 6 months old) data fee to maintain the paper trading account.

We hope that these changes will enhance your Gauntlet Mini™ experience and make
completing it even more rewarding. Please look forward to more future developments.As
always our support staff is happy to answer any related questions. We welcome any
feedback and appreciate your continued support, thank you.
========================================================================

PDF attached.

Mike

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  #82 (permalink)
wa/ usa
 
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What you are saying Mike and whats on website are two different things

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  #83 (permalink)
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garyboy275 View Post
What you are saying Mike and whats on website are two different things

That shouldn't be there, what Mike said is accurate. See: https://help.earn2trade.com/en/articles/3292347-what-offer-will-i-receive-upon-completing-the-gauntlet-mini.

I'll let the website team know it's still under that section.

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Hi guys,

It is my pleasure to welcome back Csaba Nahoczky @ Earn2Trade for our 367th webinar event, on Thursday, November 7th @ 4:30 PM Eastern US.

The title for the event is "An Introduction to Earn2Trade's The Gauntlet & The Gauntlet Mini", and bullet points include:

- Earn2Trade - Company Introduction
- Learn about The Gauntlet™ Classic
- Learn about The Gauntlet Mini™
- Learn how to get Funded with Earn2Trade
- Product Related Q&A
- Attend Live to get all your questions answered



Register for this event:
https://on.futures.io/3radq

Mike

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  #85 (permalink)
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@anyone please,
I just attended the webinar. They posted a special discount of 25% off for elite members. Does anyone know how long the offer lasts?
Thank you for your time and any information you can provide.

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eminitrdr View Post
@anyone please,
I just attended the webinar. They posted a special discount of 25% off for elite members. Does anyone know how long the offer lasts?
Thank you for your time and any information you can provide.

The offer is part of their sponsorship of FIO and can be accesses here: https://futures.io/elite_membership/

My understanding of these are they are available as long as they are a site sponsor. Now that being said the offers can change from time to time. So there is no real way to determine how long the offer will be available. If you are interested I would take advantage of it as soon as you are able.

Terry

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Webinar recording:



Please give us feedback and comments:

If you liked it, click here and share your feedback:
https://futures.io/email-feedback.php?title=168&liked=1

If you didn't like it, click here and share your feedback:
https://futures.io/email-feedback.php?title=168&liked=-1

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I was taking the GAUNTELT challenge - and have registered for it about two weeks ago.

There were ISSUES from day one - and I have waited to run into a few of them before posting as I have also been a founder of a few businesses - so I shy away from complaining/criticizing - until I feel the business is "insulting my intelligence" :

1. Using Ninja Trader for executions was NOT straight forward - and I luckily of me having a LIFETIME license for Ninja prior to 2014 enables people to trade using it after all (This ISSUE is something you have to DIG up on Earn2Trade site to find)

2. It took them a FEW DAYS to set up my account - and this is AFTER WRITING to them that I cannot start trading *someone must have forgotten to initialize the system on their part)

3. Understanding MAX position size : This is PURE MISREPRESENTATION - it says n the $50K that you can use "UP TO 6 contracts" -but that is NOT TRUE - GO and CLICK TWO pages on the site and find their special "Progression ladder" - COMMON GUYS - put this on your HOMEPAGE in BOLD and the lack of use of NINJA trader support for most people !!!!

4. If your browser if not FULL SCREEN - some of this CRITICAL info I mentioned above will NOT DISPLAY - have you guys heard of USABILITY when building the site - and when you use your SAFARI Mobile - some of the menu items like the LOGIN - do NOT Show and you have to FLIP your mobile screen to see it !!!!

But my biggest issue with EARN2Trade was today- after trading for SEVEN Days and making $700 always using a stop-loss - never hitting the daily drawdown - I by mistake clicked on Ninja DOM and added another SINGLE LOT - realizing this - I immediacy CLOSED it within 4-5 SECONDS - and guess what? - I was FAILED by the system!!

Now, granted this isa "TECHNICAL FAILURE" - and I feel was NOT fair to say the least - especially after reading on either futures.io forum or somewhere else that either Earn2Trade or their competitors have RESET - ignored this problem as long as the mistaken position was closed on less than 10 seconds or so. Writing to support juts yielded the "WE CANNOT DO ANYTHING ABOUT THIS - as Its an AUTOMATIC System"

@Earn2Trade - NOT A WAY to treat a customer!!!

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  #89 (permalink)
Lewiston Idaho
 
Experience: Intermediate
Platform: NinjatTrader
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I just finished a chat with the founder of Earn2Trade, Ryan, resolving an issue with rules violation, and was impressed with the integrity with which he stepped in on the chat from top level management to honorably resolve the issue.

My account had been violated regarding trading 1 min before or after identified events. I didn't understand why, because I was flat well before and after the event. In reviewing the Gauntlet Mini rules I observed that the position had to be closed 1 minute before and after identified events in their events calendar, but on the rules page it said nothing about also cancelling any standing orders. There is an unrelated restriction about not leaving standing orders at the end of the day. I brought this to Earn2Trade's attention and asked them to reopen my account and extend my subscription 2 days to adjust for the delay. Lower level support is not authorized to make such a decision, but all of their responses struck me as very intelligent and well-trained to give top level support, respect, and attention to detail. Apparently they have good inter-company communication avenues at Earn2Trade because their founding CEO, Ryan, stepped in on the chat.

At first Ryan pointed out the reference to removing standing orders regarding end of day. As soon as I pointed out that removal of all standing orders was not included in the restriction regarding events, he immediately recognized that a key phrase had not been included in the rule regarding events, although he pointed out that in the Q and A such verbiage had been included. His response to the inconsistencies between their FAQ and rules page showed what I regard as the highest level of integrity. Here's that clip quoted from our chat

"I just checked our website, you're correct. They failed to list working orders on https://www.earn2trade.com/gauntlet-mini?approved-times. It does however say it on the FAQ's:

I very much appreciate you bringing this to our attention that it was missing from the approved times page and it will be corrected within the hour. I'll go ahead and approve the team to clear your failure and extend your subscription date. Thanks again for letting us know so that we can correct it."
9:50 am

I responded:
"And I very much appreciate your integrity in immediately recognizing and correcting the inconsistency in your representation of the rules, It forestalled a firestorm of bad public relations, as this industry is very quick to warn others of untrustworthy vendors. Thank you. You remain in good standing with me."

They are correcting the omission in the rule listing so be advised you must close all standing orders as well as your position 1 min before and after a restricted event.

I took the opportunity to discuss comparisons with competitors and concluded Earn2Trade is doing all they can to meet the needs of their clients. We did discuss the max contracts rule and a possible grace period for error. Ryan pointed out security issues I was not aware of, and it appears they are seeking the best solutions for everyone.

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ziggy123 View Post
I was taking the GAUNTELT challenge - and have registered for it about two weeks ago.

There were ISSUES from day one - and I have waited to run into a few of them before posting as I have also been a founder of a few businesses - so I shy away from complaining/criticizing - until I feel the business is "insulting my intelligence" :

1. Using Ninja Trader for executions was NOT straight forward - and I luckily of me having a LIFETIME license for Ninja prior to 2014 enables people to trade using it after all (This ISSUE is something you have to DIG up on Earn2Trade site to find)

2. It took them a FEW DAYS to set up my account - and this is AFTER WRITING to them that I cannot start trading *someone must have forgotten to initialize the system on their part)

3. Understanding MAX position size : This is PURE MISREPRESENTATION - it says n the $50K that you can use "UP TO 6 contracts" -but that is NOT TRUE - GO and CLICK TWO pages on the site and find their special "Progression ladder" - COMMON GUYS - put this on your HOMEPAGE in BOLD and the lack of use of NINJA trader support for most people !!!!

4. If your browser if not FULL SCREEN - some of this CRITICAL info I mentioned above will NOT DISPLAY - have you guys heard of USABILITY when building the site - and when you use your SAFARI Mobile - some of the menu items like the LOGIN - do NOT Show and you have to FLIP your mobile screen to see it !!!!

But my biggest issue with EARN2Trade was today- after trading for SEVEN Days and making $700 always using a stop-loss - never hitting the daily drawdown - I by mistake clicked on Ninja DOM and added another SINGLE LOT - realizing this - I immediacy CLOSED it within 4-5 SECONDS - and guess what? - I was FAILED by the system!!

Now, granted this isa "TECHNICAL FAILURE" - and I feel was NOT fair to say the least - especially after reading on either futures.io forum or somewhere else that either Earn2Trade or their competitors have RESET - ignored this problem as long as the mistaken position was closed on less than 10 seconds or so. Writing to support juts yielded the "WE CANNOT DO ANYTHING ABOUT THIS - as Its an AUTOMATIC System"

@Earn2Trade - NOT A WAY to treat a customer!!!

Hello Ziggy123,

Thank you for sharing your experience in a venue where we can respond. We want to make it clear that we never had any intention of insulting your intelligence and if we offended you we apologize for doing so. On that note, we don’t know who you are specifically but we would appreciate that you contact customer support to let us know who you are so we can determine that if you were mistreated by any agents that they be properly disciplined for doing so.

1. We do have a way of working with NinjaTrader and agree that it might not be entirely straight forward, however it is very clearly explained on our platform page (https://help.earn2trade.com/en/articles/2090521-what-platforms-can-i-use-for-the-gauntlet-gauntlet-mini), which also directs you to specific information about how to use NinjaTrader (https://help.earn2trade.com/en/articles/2522126-ninjatrader-live-account-notice).

2. Unfortunately we can’t comment on this as we’re not sure who you are. In the past, if there was any problem on our part to setup your account we would adjust the billing date of your account. However, now we have a system in place that automatically sets up your account so these rare problems should no longer occur.

3. We strongly disagree with you on this point. There is absolutely no misrepresentation of the Max Position Size. The truth is that you CAN trade “Up to 6 Contracts” as stated in the account. That “up to” is very important because that is the maximum possible limitation. You can see on the account page (https://www.earn2trade.com/gauntlet-mini) that there is an asterisk on Max Position Size which directs you to the Progression Ladder, and if you just scroll down just a few inches directly under the accounts there is a list of all of the rules with links to them in more detail, including the progression ladder which is one of the rules (https://help.earn2trade.com/en/articles/3292351-what-is-the-progression-ladder-in-the-gauntlet-mini).

4. Yes, we have considered usability when we designed our site. We recommend all our users to view our website in Chrome as it was designed with Chrome in mind, although it does work very well for other browsers as well. Thank you for the note about Safari Mobile, we will ask the design department to look into it.

5. We are surprised that your biggest issue with our site was that when you broke one of the rules the system failed you exactly as it said it would. You are taking an examination in order to acquire risk capital from a proprietary trading firm. It is no less serious than a driving test or an SAT. There are rules in place that determine the willingness of the firm to provide that capital. There are no hidden rules and they are certainly not misrepresented on the site. You may argue that you disagree with that rule, but that rule was also in place before you took the test.

We pride ourselves on the way we treat our customers. We offer live customer support 10 hours a day, and otherwise respond by morning CET. We do our best to serve our customers and to address any problems they face immediately and with the utmost sincerity. Thank you very much for your feedback.

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boston
 
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I have to say that Ryan (@earn2trade) is indeed a gentleman - and has reached out in an email to me and has addressed issue(s) to my satisfaction - I am a happy customer now - and will be staying with their service (thank you again Ryan - much appreciated)

By the way Ryan - as previously stated - I read that other companies do provide a “grace period” of up to 10 seconds to close an additional ONE contract that may have been open by mistake (it is really easy to do that on he Ninja DOM - as we work orders and market may move fast and we try to get in or out )

Maybe someone knows a way in Ninja to RESTRICT the MAX orders to only TWO - so once two orders are filled - if by mistake and additional limit order is on the bid/ask - it is REJECTED ?

Cheers - and have a splendid weekend,
S

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ziggy123 View Post
I have to say that Ryan (@earn2trade) is indeed a gentleman - and has reached out in an email to me and has addressed issue(s) to my satisfaction - I am a happy customer now - and will be staying with their service (thank you again Ryan - much appreciated)

By the way Ryan - as previously stated - I read that other companies do provide a “grace period” of up to 10 seconds to close an additional ONE contract that may have been open by mistake (it is really easy to do that on he Ninja DOM - as we work orders and market may move fast and we try to get in or out )

Maybe someone knows a way in Ninja to RESTRICT the MAX orders to only TWO - so once two orders are filled - if by mistake and additional limit order is on the bid/ask - it is REJECTED ?

Cheers - and have a splendid weekend,
S

We do have a way to help restrict the orders, please speak with our support and they can help you out! Thanks for the kind words.

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  #93 (permalink)
Sydney, NSW, Australia
 
Experience: Intermediate
Platform: NinjaTrader with Jigsaw DOM
Trading: CL, 6E, ES, Piano
 
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Posts: 264 since Nov 2014
Thanks: 229 given, 240 received

Hi I am interested in the 50k mini gauntlet. I have one concern.

First, for position sizing will the sim account automatically block you from accidently over clipping? Years ago this was the case with topsteptrader but now I feel they deliberately allow you to overclip so you pay more for resets e.g. Max size on step 1 50k is 5 lots but they will allow you to go to 6, step 2 max size is 2 but you can clip 3 and then the whole account is bust. This is very frustrating as I have to be paranoid about my sizing all the time as going over just 1 lot busts your account, just recently I put up 1.5k over 3 consecutive positive days just to find out I accidently had 6 lots on then that account went to waste (I was spread across 3 markets so that made it harder monitor positions). In reality having an extra 1 lot on is a non event as you can easily get out quick for a small cost and should not be so harshly penalised.



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TickedOff View Post
Hi I am interested in the 50k mini gauntlet. I have two concerns.

First, for position sizing will the sim account automatically block you from accidently over clipping? Years ago this was the case with topsteptrader but now I feel they deliberately allow you to overclip so you pay more for resets e.g. Max size on step 1 50k is 5 lots but they will allow you to go to 6, step 2 max size is 2 but you can clip 3 and then the whole account is bust. This is very frustrating as I have to be paranoid about my sizing all the time as going over just 1 lot busts your account, just recently I put up 1.5k over 3 consecutive positive days just to find out I accidently had 6 lots on then that account went to waste (I was spread across 3 markets).

Secondly, after completing the gauntlet, it says you have to do a livesim. What are the parameters for that?

Thanks

Hello!

1) By default, no it doesn't prevent it. This is because most clients want the ability to scale without having us adjust the limits. You are able to let the staff know before you start to limit you and they can do it!

2) For the regular Gauntlet™ yes but not for the Mini. There is an example offer for Livesim posted at https://www.earn2trade.com/gauntlet.

Hope that helps!

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Earn2Trade View Post
Hello!

1) By default, no it doesn't prevent it. This is because most clients want the ability to scale without having us adjust the limits. You are able to let the staff know before you start to limit you and they can do it!

2) For the regular Gauntlet™ yes but not for the Mini. There is an example offer for Livesim posted at https://www.earn2trade.com/gauntlet.

Hope that helps!

How do I contact staff? I tried support@earn2trade but got a reply that it couldn't be delivered because of maintenance. Would those limits automatically go up with my account size?

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TickedOff View Post
How do I contact staff? I tried support@earn2trade but got a reply that it couldn't be delivered because of maintenance. Would those limits automatically go up with my account size?

No reason you should have gotten that message - I apologize if you did! You can absolutely email support@earn2trade.com. You can also go to our website and talk with livechat. If you have them limit your account, you'll need to have them raise the limits once you qualify for the increase.

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Baton Rouge, LA - USA
 
 
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TickedOff View Post
How do I contact staff? I tried support@earn2trade but got a reply that it couldn't be delivered because of maintenance. Would those limits automatically go up with my account size?

Since I've contacted support so many times, I would like to chime in and say you can contact support by clicking on the chat icon when you're logged into your dashboard. From my experience, the response have been very quick (within a few minutes or less) during business hours. Earn2Trade support is top-notched! I also receive an email of my conversation with support afterwards.

On the side note regarding Max Position...

I don't understand why there can't be a scaling limit placed by default on max position for the Gauntlet Mini. I understand some traders may want to scale but they're still limited on the max number of contracts allowed based on their profits. So why can't the system place that limit by default and increase/decrease max position as their account grows, much like the Gauntlet.

There is new player in the funded trader space that allows full max positions without and scaling or progression, no trailing max drawdown, and no restrictions on trading around new releases as it is a central part of some traders strategy, and minimum 10 trading days. I think these features are attractive to traders trying to get funded. Give a trader access to max number of contracts, if they fail (daily loss, max loss) they fail because they didn't manage their trades/risk properly. I think that's better way to judge a trader than judging them for failing due to errors whether that may be human error or technical error. In real life, they would still have to correct the error and/or manage the trade.

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nguyen74 View Post
Since I've contacted support so many times, I would like to chime in and say you can contact support by clicking on the chat icon when you're logged into your dashboard. From my experience, the response have been very quick (within a few minutes or less) during business hours. Earn2Trade support is top-notched! I also receive an email of my conversation with support afterwards.

On the side note regarding Max Position...

I don't understand why there can't be a scaling limit placed by default on max position for the Gauntlet Mini. I understand some traders may want to scale but they're still limited on the max number of contracts allowed based on their profits. So why can't the system place that limit by default and increase/decrease max position as their account grows, much like the Gauntlet.

There is new player in the funded trader space that allows full max positions without and scaling or progression, no trailing max drawdown, and no restrictions on trading around new releases as it is a central part of some traders strategy, and minimum 10 trading days. I think these features are attractive to traders trying to get funded. Give a trader access to max number of contracts, if they fail (daily loss, max loss) they fail because they didn't manage their trades/risk properly. I think that's better way to judge a trader than judging them for failing due to errors whether that may be human error or technical error. In real life, they would still have to correct the error and/or manage the trade.

Regarding a global max position limit, a couple issues make that setup either impossible or not practical.

First, a global max position limit is rendered useless by the micros. You can either limit the number of contracts to 2-3 or so, which would mean that micro traders don't get the benefit of the smaller contracts sizes provided by those assets, or to 20-30, which would mean that people can just as easily fail with regular contracts.

Second, limiting people's accounts asset-by-asset is not something that we can implement, as people trade dozens of assets through us and setting up each individually would not only take a very long time, but would also lock traders to only ever trade those assets throughout the Gauntlet.

Third, people would have to wait for us to change their trading setup when they wanted to scale up/scale down based on their account balance.

Thank you for the feedback, nonetheless, let me quickly correct you in one thing, the minimum number of trading days is 15.

We can set up individual limits, if you ask our colleagues at support, but please note that 1. it takes a bit of time, 2. it needs to be done at every purchase and reset, 3. you won't be able to trade anything else than what you have already disclosed and 4. that the micros will render the setup ineffective.

Thanks for the suggestions and the thoughts that you shared.

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Earn2Trade View Post
Regarding a global max position limit, a couple issues make that setup either impossible or not practical.

First, a global max position limit is rendered useless by the micros. You can either limit the number of contracts to 2-3 or so, which would mean that micro traders don't get the benefit of the smaller contracts sizes provided by those assets, or to 20-30, which would mean that people can just as easily fail with regular contracts.

Second, limiting people's accounts asset-by-asset is not something that we can implement, as people trade dozens of assets through us and setting up each individually would not only take a very long time, but would also lock traders to only ever trade those assets throughout the Gauntlet.

Third, people would have to wait for us to change their trading setup when they wanted to scale up/scale down based on their account balance.

Thank you for the feedback, nonetheless, let me quickly correct you in one thing, the minimum number of trading days is 15.

We can set up individual limits, if you ask our colleagues at support, but please note that 1. it takes a bit of time, 2. it needs to be done at every purchase and reset, 3. you won't be able to trade anything else than what you have already disclosed and 4. that the micros will render the setup ineffective.

Thanks for the suggestions and the thoughts that you shared.

I was referring to another funded trader program that requires 10 minimum days.

Thank you for your reply. Earn2Trade has always been top-notched when it comes to customer service!

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  #100 (permalink)
Raleigh, NC
 
Experience: Intermediate
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Ryan,

I am reaching out to you to inform you @Earn2Trade that there is a serious issue with the RTrader (Rithmic) and Ninjatrader gateway that you are providing and that I was using during my Gauntlet. There seems to be an issue with Rithmic cancelling/ Modifying and even attempting to place trades without my knowledge. I know this is not an NT issue as I have discussed it with them and also had a phone conversation with Eric over at Rithmic operations. I got in touch with Eric through Francis at your firm and he put me in contact with Eric. I will attempt to show some examples of what is going on.

As you can see On Friday, Dec. 27, 2019 I am short Soybeans and letting it run over the weekend. I look at it Monday afternoon and notice that I it is now against me. Notice it is showing down 9.5 points but now having an opening price of 930.00 instead of the original 937.75. Also, where are my stop loss and take profit levels? There are NONE. Rithmic has changed the order so I am now in a NAKED position. Horrifying to say the least. This is not the only incident of Phantom orders from Rithmic. I had a similar incident with a Wheat position I took on December 6. As my Gauntlet is now completely toast I am bringing this to your attention to please look into this further with Eric from Rithmic. He did state to me that exchanges to cancel orders I find this highly improbable but what do I know. Please let Francis know as well as I should have contacted him back on this. The only thing I am not happy about is that I am paying for this!

P.S. Last screenshot is of this trade still open. Ninja won't allow me to close it! It is LOCKED UP! I have tried to close this trade since New Years!

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