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


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

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  #1 (permalink)
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Orianna Foucault, Director of Support and Candidate Relations at Earn2Trade will be monitoring this thread so that she may answer any questions that you post here relating to Earn2Trade's products and services.

Please keep in mind that some customer service/technical support issues are best handled through proper channels at Earn2Trade, and not here in this thread.

Earn2Trade LLC (E2T) is an education company that teaches Forex and Futures trading, and matches its successful students with proprietary trading firms. They recruit and train Futures and Forex traders and offer personalized education, mentoring sessions and live webinars, as well as hands-on experience with a trading simulator. Students who successfully complete our Bootcamp, Gauntlet™ or Gauntlet Mini™ evaluation programs will receive a guaranteed offer from our partners.

Orianna Foucault, Director of Support and Candidate Relations has been a valued member of the Earn2Trade family for a long time.

Ms. Foucault has gained extensive experience in customer service and client relations at multiple international organizations. She has worked as a community manager and has been working as the manager of day-to-day customer service tasks.

Feel free to ask any questions below and we'll do our best to get them answered.

The futures io "AMA" (Ask Me Anything) series is by invitation only.

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Welcome @Earn2Trade Ryan, and thanks for being here to answer questions!

I am certain there will be many, many questions. But first, I wanted to let everyone know that Earn2Trade will be holding an introductory webinar on August 9th. I will post details in the next post so everyone can attend and/or watch the recording.

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I also want to let everyone know that there is this AMA thread, and also a separate Vendor Review 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.

Link for vendor review thread:


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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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Mike

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Last but not least, I want to let everyone know that Earn2Trade has a special offer for Elite Members of futures io:

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

For details, important restrictions, and to request your discount, visit:
https://futures.io/elite_membership/

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Do you offer day trade margins?

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TWDsje View Post
Do you offer day trade margins?

Great question! Unfortunately we do not. We use the full exchange margin. This allows us to let clients trade during news and overnight. In addition, there are not any position limits other than what your balance can support with margin.

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@Earn2Trade

Big question here. What if we use various time frames in our trading styles? Will we get marked down?

For example, I may usually daytrade CL (Crude Oil) but when I see it hit some longer term support/resistance I may decide to hold it for a swing trade... So instead of the usual 20-40 ticks profit from daytrade, you may suddenly see 0 ticks for the days held for the swing trade, and then suddenly a few hundred tick profit (hopefully or maybe 100++ tick loss).

Does that count as inconsistency? Or it does not matter much as long as these are described as a possibility in the plan? Thanks!

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Hi Ryan,

Re: your 60 day trial:

For trading FX,
1 Can I trade using Ninjatrader / FXCM (which is available to me as a mon-US trader)
2 What Margin is possible? Are the Margin rules the same as designated by FXCM?
3 Can I use Ninja with with my own indicators?
4. Can I use another known Forex broker, registered with Australian and/or UK authorities?

For Futures:
Can I use Ninja with with my own indicators and linked to Dorman?

Should I be granted funds to trade, post-60 days, must I use a specific broker or platform?
If yes, what are the RTurn fees for Spot FX?
If no, can I assume that the current RTurn fees apply as set by my preferred broker?

thank you
Sienna

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dyst View Post
@Earn2Trade

Big question here. What if we use various time frames in our trading styles? Will we get marked down?

For example, I may usually daytrade CL (Crude Oil) but when I see it hit some longer term support/resistance I may decide to hold it for a swing trade... So instead of the usual 20-40 ticks profit from daytrade, you may suddenly see 0 ticks for the days held for the swing trade, and then suddenly a few hundred tick profit (hopefully or maybe 100++ tick loss).

Does that count as inconsistency? Or it does not matter much as long as these are described as a possibility in the plan? Thanks!

@dyst, absolutely! That’s fine. Just explain your normal frequencies when you describe your style. It’s very flexible! The main thing is that if you say you only take one trade a day and then all of a sudden lose a trade and try and make it back by over trading the rest of the day and you make the situation worse, they may want to talk to you about that. Even more so if they saw it happen multiple times. Or being a scalper who all of a sudden held a losing trade for days. None of these inconsistencies will make you fail but it may reduce your offer.

I hope that helps!

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sienna View Post
Hi Ryan,

Re: your 60 day trial:

For trading FX,
1 Can I trade using Ninjatrader / FXCM (which is available to me as a mon-US trader)
2 What Margin is possible? Are the Margin rules the same as designated by FXCM?
3 Can I use Ninja with with my own indicators?
4. Can I use another known Forex broker, registered with Australian and/or UK authorities?

For Futures:
Can I use Ninja with with my own indicators and linked to Dorman?

Should I be granted funds to trade, post-60 days, must I use a specific broker or platform?
If yes, what are the RTurn fees for Spot FX?
If no, can I assume that the current RTurn fees apply as set by my preferred broker?

thank you
Sienna

@sienna, thanks for the questions!

Unfortunately you have to use the broker that the prop firm uses. It’s their account structure you would be under since you would actually be under their firm ownership.

The broker for FX is OANDA. The broker for Futures is INTL FCStone, which is one of the bigger ones. The margin is the max allowed by US regulation, 50:1.

Regarding NT, you can currently use it during the 60 day test only if you have a paid license. We are working with NT to get a free key permissioned for our environment while they do their test. That should hopefully be set up in the next week.

You can absolutely use your own indicators but for FX, OANDA is only available via NT8.

Let me know if you have more questions!

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Earn2Trade View Post
OANDA is only available via NT8.

That's a surprise, because Oanda's own "advanced charting package" is a white-label version of TradingView - wondering why that isn't available?

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Tymbeline View Post
That's a surprise, because Oanda's own "advanced charting package" is a white-label version of TradingView - wondering why that isn't available?

Let me clarify, in regards to NinjaTrader usage (which the post was asking about), NinjaTrader does not support OANDA on NT7 thus NT8 must be used.

OANDA is available on any platform which supports their v20 REST API or via MT4. Unfortunately fxTrade and their web platform are unavailable due to the account permissions that OANDA allows for. OANDA does not allow for multiple users to login to their own platforms and have access only to a certain sub-account and not the entire account structure. Due to the fact that the live account is owned by the prop firm and not the individual, the individual can only have access to their specific sub-account.

I hope that clarifies things!

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So maybe I am confused here, can I use NinjaTrader 8, as that is my current platform?

As far as taxes go, is this taxed as ordinary income, short term capital gains, or the preferred futures tax rate?

thanks

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cshrum View Post
So maybe I am confused here, can I use NinjaTrader 8, as that is my current platform?

As far as taxes go, is this taxed as ordinary income, short term capital gains, or the preferred futures tax rate?

thanks

So sorry for the delayed response. Never got a notice of this post.
To answer your questions:

1) Yes you can use NT8 as long as you have a paid license and it supports Rithmic.
2) The income for futures would be passed through as short/long term capital gains, which is how futures are taxed.

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Earn2Trade View Post
So sorry for the delayed response. Never got a notice of this post.
To answer your questions:

1) Yes you can use NT8 as long as you have a paid license and it supports Rithmic.
2) The income for futures would be passed through as short/long term capital gains, which is how futures are taxed.

Is there a reason we have to use rithmic data feed?

Sent using the futures.io mobile app

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cshrum View Post
Is there a reason we have to use rithmic data feed?

Sent using the futures.io mobile app

Yes unfortunately it's because CQG cannot currently provide a realistic simulator environment. For instance, no commissions can be charged.

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Can I use Motivewave? Can I use MW and NT8 in the same Gauntlet? Can you present a sample of a trader describing their style?

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KahunaDog View Post
Can I use Motivewave? Can I use MW and NT8 in the same Gauntlet? Can you present a sample of a trader describing their style?

Yes you sure can! MotiveWave supports Rithmic.
You can also use MW/NT8 in the same Gauntlet, assuming you have a license for NT8 that supports Rithmic (typically paid licenses are required by NT since the Gauntlet is not at their brokerage).

Regarding a sample of a trader describing their style, not really. Reason being that we keep all of that confidential. That said, really anything is acceptable you want to disclose. The more the better and if you adhere to it, the better the offer. We have traders that post very little and traders that send us very detail (pages) of information. The idea is just so that when the prop firm reviews your results in accordance with what you described, how well did you stick to your description and rules you set for yourself.

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Hi @Earn2Trade, Ryan, a few questions on Forex for you:
  1. What is the spread/commission structure? Is everything spread based, or is there a discounted spread plus commission? Is this consistent in both the Gauntlet and Funding stages?
  2. I understand that spreads will increase/decrease based on liquidity conditions but do you have any data on average spreads? I am specifically interested in spreads for EURUSD, GBPUSD, USDJPY, & USDCAD.
  3. How does position sizing work? I'm currently with Oanda and can trade any trade size (within margin requirements of course). Does this also apply to the Gauntlet/Funding, or do specific lot sizes have to be used?
Thanks!

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MWG86 View Post
Hi @Earn2Trade, Ryan, a few questions on Forex for you:
  1. What is the spread/commission structure? Is everything spread based, or is there a discounted spread plus commission? Is this consistent in both the Gauntlet and Funding stages?
  2. I understand that spreads will increase/decrease based on liquidity conditions but do you have any data on average spreads? I am specifically interested in spreads for EURUSD, GBPUSD, USDJPY, & USDCAD.
  3. How does position sizing work? I'm currently with Oanda and can trade any trade size (within margin requirements of course). Does this also apply to the Gauntlet/Funding, or do specific lot sizes have to be used?
Thanks!

Hi there! OANDA is the RFED (broker) for both the Gauntlet and live accounts. Everything is spread based. Helios has a premium OANDA account so the spreads offered are the premium OANDA spreads. No commissions.

No specific lot sizes have to be used, you can use whatever your margin allows.

Hope that helps!

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Dear Traders & Aspiring Traders,

In cooperation with Helios Trading Partners, we have a couple of announcements to make regarding Earn2Trade’s, The Gauntlet trader evaluation program, and Helios Trading Partner’s, Partnership Trading Program. We’ve had an amazing year since taking The Gauntlet live in February, with many traders successfully going through the evaluation and receiving funding from our proprietary trading associates, Helios Trading Partners. We’re proud of what we’ve accomplished to date and look forward to providing more opportunities to traders in the future.

We’ve strived to make The Gauntlet trader evaluation program the final step in education before traders go on to handle live funds. Our goal is to see more traders passing The Gauntlet and have a wide number of proprietary trading firms that accept The Gauntlet as a standard certification for recruitment purposes. We look forward to refining and improving our program as much as possible in order to achieve those ends.

Upon concluding detailed examinations into the successful trading habits of The Gauntlet candidates, we will be making some adjustments to the evaluation program, as well as providing a more detailed review procedure for those traders who receive funding and become limited shareholders of Helios Trading Partners. Therefore, on October 17th, 2018 the following new criteria will become effective.

The Gauntlet Trader Evaluation Program Updates
We want to stress that any candidates currently enrolled in The Gauntlet trader evaluation program will be able to complete their evaluation according to those rules which they signed up for. These updates will only affect candidates who sign up on October 17th or after.

1) Discontinuing the Forex Variant of The Gauntlet
We’ve done our utmost to provide the most realistic Forex experience possible to our customers. This means providing access only to the largest US brokers that offer the maximum legal trading leverage. We’ve been overwhelmed with requests for access to proprietary trading firms that will use offshore brokerages that can offer more leverage to customers. We fully understand that there can be financial advantages to dealing with offshore brokerages, but we are not interested in pursuing a business direction that would be contrary to any legal or regulatory restrictions. Furthermore, our proprietary trading associates, Helios Trading Partners have realigned their attention to focus primarily on Futures. While Currency Futures are still an option to be traded, the Forex variant of The Gauntlet™ will be discontinued for the time being.

2) Instituting a 10% Maximum Drawdown on The Gauntlet™
Many traders have dropped well below a 1:1 profit to drawdown ratio, and it’s here where we’ve identified the most glaring issue. We have found that the majority of traders who pass a 10% drawdown do not end up recovering their losses. The few that do, recoup them by placing larger trades and taking increased risks which are not the kind of responsible trading habits that Helios wants to see or encourage. In order to pass The Gauntlet™, candidates must now keep their drawdown under 10% ($2,500).

3) 60 Calendar Day Evaluation Period with Mandatory 30 Trading Days and Minimum One Unique Trade Per Week
While this has not been an issue for most of our Intraday candidates, many of our Overnight candidates have been trading at a very limited, if negligible pace. In particular, we’ve had many cases of traders opening and closing the same position week after week, effectively holding the same position over an entire 60 days. While we don’t frown upon this trading style in theory, in practice it doesn’t provide our proprietary trading associates with enough information to effectively evaluate the candidate over the 60 day period.

Helios Trading Partners, Partnership Trading Program Updates
In addition to amendments to The Gauntlet™ trader evaluation program, Helios Trading Partners will also be making the following updates and clarifications to its Partnership Trading Program.

1) Detailed Account Review Every 30 Days
Helios Trading Partners has committed to providing trader reviews every 30 days to its limited partners. Each review offers an opportunity to adjust the terms of the agreement based on the trading habits of its partners.

2) Clarifications Regarding Data, Exchange and Brokerage Fees
The trader does not have to pay any out of pocket expenses for any fees related to trading. All trading fees are deducted directly from the trader’s account balance, and therefore require no additional cost to the trader.

3) Clarifications Regarding Starting Offers
Many candidates have requested clarifications regarding the initial offer by Helios Trading Partners upon successful completion of The Gauntlet™. Helios Trading Partners reserves the right to provide customized offers to its potential traders, and bases its offers entirely on the performance of the candidate throughout The Gauntlet™. Customized offers can include asset, exchange, drawdown, stylistic and/or other limitations.

In addition, the minimum offered starting capital is $10,000.00, and the maximum offered starting capital is $25,000.00. The minimum drawdown offered is 10% and the maximum drawdown is 25%. While Helios Trading Partners examines all aspects of the report produced by The Gauntlet™ trader evaluation program, in order to achieve higher starting capital and drawdown, the candidate should exhibit a consistent trading style that reflects the trading plan submitted at the start of his/her evaluation program. In addition, the profit to drawdown ratio should be stronger than 1:1 and reach more standard industry targets of 1.5:1 or better.

In other developments, The Gauntlet™ dashboard should finish its integration with a new Rithmic API in the next 30-60 days, which will permit all trading statistics to become available in The Gauntlet™ dashboard. We’re very excited about this feature which will enable traders to simply check the dashboard for all of their up to date trading statistics.

We look forward to serving you and helping you on your journey to becoming a professional trader.

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  #26 (permalink)
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What are the commissions for equity futures in the funded account?

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MichaelFlowTrader View Post
What are the commissions for equity futures in the funded account?

It depends on what platform you want to use. What would you be looking to trade on?

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Earn2Trade View Post
It depends on what platform you want to use. What would you be looking to trade on?

TT or Sierra Charts

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MichaelFlowTrader View Post
TT or Sierra Charts

In that case, I would reference the below link for the most up to date information:
http://help.earn2trade.com/en/articles/2280137-what-is-the-fee-structure-on-the-live-or-livesim-accounts

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Hi
gauntlet = drawdown 2500, target 2500, 30 days, $349, split 80-20
Oneup = 2500, 3000, 15 days, $120, 100% first $5000
Why i choose gauntlet?

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remarka View Post
Hi
gauntlet = drawdown 2500, target 2500, 30 days, $349, split 80-20
Oneup = 2500, 3000, 15 days, $120, 100% first $5000
Why i choose gauntlet?

Key reason:

1) Depending on what you trade, you can trade a lot more than our competitors in the Gauntlet™.
2) No trailing drawdown.
3) No daily loss limit.
4) Others aren't ONLY 15 days, it's a minimum of 15 days. It could take you a few months, just depends on your trading.
5) No restrictions on trade times.
6) Real prop firm. Traders become limited member owners of the prop firm, not contractors.
7) Trade any CME product, not just certain "permitted" ones.
8) No current rules about "consistency".
9) No scaling targets on funded. For instance, on the competitor you mentioned, if you get that $50k account, you can still only trade 2 contracts from the go until you profit $1500.

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Earn2Trade View Post
Dear Traders & Aspiring Traders,



3) 60 Calendar Day Evaluation Period with Mandatory 30 Trading Days and Minimum One Unique Trade Per Week
While this has not been an issue for most of our Intraday candidates, many of our Overnight candidates have been trading at a very limited, if negligible pace. In particular, we’ve had many cases of traders opening and closing the same position week after week, effectively holding the same position over an entire 60 days. While we don’t frown upon this trading style in theory, in practice it doesn’t provide our proprietary trading associates with enough information to effectively evaluate the candidate over the 60 day period.


We look forward to serving you and helping you on your journey to becoming a professional trader.

What is this "Minimum One Unique Trade Per Week"???

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SawDr View Post
What is this "Minimum One Unique Trade Per Week"???

We used to say just "minimum one trade per week", however, some people were trying to get around this by simply taking one trade and then closing and reopening that same trade each week, effectively just caring the same trade through the entire gauntlet. This Gauntlet structure is not meant for long swing trades like that. It's simply not enough performance data for Helios to analyze and make an offer. Due to this, we've just changed the rule so it must be a unique trade. By unique trade we mean that it can just be an open and close of the same position and asset each week. It must be an actual unique trade.

If anyone carries positions overnight and has a question or concern about this particular rule, email us or chat us on our website. We are more than happy to listen to how you trade and see if there would be any issues with it.

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Is the 10 percent drawdown an end of day or end of week or live during the day?

Sent using the futures.io mobile app

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cshrum View Post
Is the 10 percent drawdown an end of day or end of week or live during the day?

Sent using the futures.io mobile app

The 10% max drawdown cannot be reached at any time. This means it includes open trade equity.

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Any changes been made to the income being treated the same as if I were trading futures?

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cshrum View Post
Any changes been made to the income being treated the same as if I were trading futures?

Sent using the futures.io mobile app

No, since you're a member of the LLC, generally the profits would be passed to you on the K1 as 60/40 capital gains. The one time this would be different is if you made profits, withdrew profits, and then proceeded to lose more than you ever made. In this instance, since you're technically net negative, the profits the prop firm paid to you would be considered ordinary income. So as long as you end the year net positive, profits you take should be considered 60/40 cap gains.

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Have you known anyone to get the full 25k 80/20 offer?

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Can we have multiple trading plans in one Gauntlet?

For example, I am a scalper and I have multiple strategies based on context and market conditions. I also have intraday position hold strategies that use entries that do not happen that often, maybe once or twice a week.

Is it possible to write up a detailed plan with both base strategies, my risk management, the context around when I trade.

What are the amount of size we can trade in the Gauntlet and live on the 10k and 25k?



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MichaelFlowTrader View Post
Can we have multiple trading plans in one Gauntlet?

For example, I am a scalper and I have multiple strategies based on context and market conditions. I also have intraday position hold strategies that use entries that do not happen that often, maybe once or twice a week.

Is it possible to write up a detailed plan with both base strategies, my risk management, the context around when I trade.

What are the amount of size we can trade in the Gauntlet and live on the 10k and 25k?



Sent using the futures.io mobile app

You absolutely can! Just describe the different plans you may deploy when you submit.

Both Earn2Trade and Helios use exchange maintenance margin, no intraday margin. Your max trade size is determined by this.

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cshrum View Post
Have you known anyone to get the full 25k 80/20 offer?

Sent using the futures.io mobile app

At this point, none. They have extended a 15k 80/20 offer with a large drawdown, but not a 25k one. Unfortunately the vast majority of people who have passed have had pretty bad risk:reward, actually most of them have a reverse ratio (more risk than reward). That's just not something that will earn the max offer right off the bat, they may gain it over time though.

This is not to say it's not possible, you just need to post up a good risk:reward and show that you really deserve the best initial offer.

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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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@Earn2Trade A question for you guys — I think about going for the Gauntlet right now. Assuming I submit a dedicated journal about it here for the contest would you be willing to refund the gauntlet fee in the unlikely event that I “win” the journal contest? Probably won’t skew my decision either way but nice to know in advance.

Cheers, ST.

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Scalpingtrader View Post
@Earn2Trade A question for you guys — I think about going for the Gauntlet right now. Assuming I submit a dedicated journal about it here for the contest would you be willing to refund the gauntlet fee in the unlikely event that I “win” the journal contest? Probably won’t skew my decision either way but nice to know in advance.

Cheers, ST.

Yes we absolutely can!

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Earn2Trade View Post
Yes we absolutely can!

That's awesome! Another couple questions that I haven't seen an answer to:

1) Margin at Ninjatrader. I understand that the issue with OCO through Rithmic is that both orders are at the exchange, thus 2x overnight margin requirement per contract traded. Can you check/confirm that, if I use the "Market-if-touched" functionality with @NinjaTrader (holding the limit order locally until a market order is triggered to close the position) this margin multiplication does not take place? i.e. 1 contract long + sell stop market + sell limit (MIT) = 1x overnight margin.

2) looking at the live account - are the professional fees due once for the entire CME group or for each exchange individually? With non-professional there is individual & bundle options so I am unsure which applies here..

3) also live account ... is a review of the account & potential increase in leverage + drawdown limits contingent on retaining profits in the live account? This is one of the core reasons why TST & 1Up imho fail to be an attractive option for live trading, as you cannot get paid and grow your account at the same time. So from an opportunity standpoing no benefits compared to trading your own account (assuming you have 2-3k to spare).

I am sure there will be more questions over time, but for now that'll be it

Thanks a ton,
ST.

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Scalpingtrader View Post
That's awesome! Another couple questions that I haven't seen an answer to:

1) Margin at Ninjatrader. I understand that the issue with OCO through Rithmic is that both orders are at the exchange, thus 2x overnight margin requirement per contract traded. Can you check/confirm that, if I use the "Market-if-touched" functionality with @NinjaTrader (holding the limit order locally until a market order is triggered to close the position) this margin multiplication does not take place? i.e. 1 contract long + sell stop market + sell limit (MIT) = 1x overnight margin.

2) looking at the live account - are the professional fees due once for the entire CME group or for each exchange individually? With non-professional there is individual & bundle options so I am unsure which applies here..

3) also live account ... is a review of the account & potential increase in leverage + drawdown limits contingent on retaining profits in the live account? This is one of the core reasons why TST & 1Up imho fail to be an attractive option for live trading, as you cannot get paid and grow your account at the same time. So from an opportunity standpoint no benefits compared to trading your own account (assuming you have 2-3k to spare).

I am sure there will be more questions over time, but for now that'll be it

Thanks a ton,
ST.

1) You'd need to check with NT on this but from what I understand of how they work, an MIT order is held locally so I wouldn't think it would need extra margin. That said, please check with NT since it's their platform before you sign up! I don't want you to have the wrong info.

2) Each individually, there is no bundle on pro fees unfortunately. That said, don't forget that the fees come out of your account, not your pocket directly.

3) That would need to be a question you can ask helios directly if you need to (traders@heliostp.com) but generally speaking, Helios is happy to further fund traders that can show consistency while at the same time being able to withdraw profits.

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Earn2Trade View Post
1) You'd need to check with NT on this but from what I understand of how they work, an MIT order is held locally so I wouldn't think it would need extra margin. That said, please check with NT since it's their platform before you sign up! I don't want you to have the wrong info.

@NinjaTrader - could guys confirm this for us? Thanks!

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Scalpingtrader View Post
1) Margin at Ninjatrader. I understand that the issue with OCO through Rithmic is that both orders are at the exchange, thus 2x overnight margin requirement per contract traded.

The above statement is incorrect. You will only need 1X margin NOT 2X. Additionally, overnight margin is NOT used for working orders, only open positions. So in the case of NinjaTrader Brokerage, it would be $500 margin on ES.


Scalpingtrader View Post
Can you check/confirm that, if I use the "Market-if-touched" functionality with @NinjaTrader (holding the limit order locally until a market order is triggered to close the position) this margin multiplication does not take place? i.e. 1 contract long + sell stop market + sell limit (MIT) = 1x overnight margin.

As above, you only need 1X margin. So in the case of a working STOP MARKET and LIMIT, only 1X is required. Same is true if you use a STOP MARKET and MIT, 1X is still only required.

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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NinjaTrader View Post
The above statement is incorrect. You will only need 1X margin NOT 2X. Additionally, overnight margin is NOT used for working orders, only open positions. So in the case of NinjaTrader Brokerage, it would be $500 margin on ES.

As above, you only need 1X margin. So in the case of a working STOP MARKET and LIMIT, only 1X is required. Same is true if you use a STOP MARKET and MIT, 1X is still only required.

Thanks @NinjaTrader. Then maybe @Earn2Trade should do some investigating on where exactly their issue is with NT platform and margins, as they seem to be unable to reproduce this as described (see their website as linked below) and seem to believe that this is a software limitation (in combination with Rithmic).

https://help.earn2trade.com/platform/how-does-margin-work-with-ninjatrader

Would be awesome if you guys could clarify/resolve this topic!

Cheers, ST.

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NinjaTrader View Post
The above statement is incorrect. You will only need 1X margin NOT 2X. Additionally, overnight margin is NOT used for working orders, only open positions. So in the case of NinjaTrader Brokerage, it would be $500 margin on ES.



As above, you only need 1X margin. So in the case of a working STOP MARKET and LIMIT, only 1X is required. Same is true if you use a STOP MARKET and MIT, 1X is still only required.


The above statement is not incorrect. NinjaTrader does NOT utilize server side OCO/brackets with Rithmic. Thus, if you use an ATM strategy, as soon as the trade is entered the stop/target is entered as working orders within Rithmic and uses extra margin. Please see: https://help.earn2trade.com/platform/how-does-margin-work-with-ninjatrader. This has already been discussed, in depth, with NT support staff, NT brokerage staff, and Rithmic.

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Scalpingtrader View Post
Thanks @NinjaTrader. Then maybe @Earn2Trade should do some investigating on where exactly their issue is with NT platform and margins, as they seem to be unable to reproduce this as described (see their website as linked below) and seem to believe that this is a software limitation (in combination with Rithmic).

https://help.earn2trade.com/platform/how-does-margin-work-with-ninjatrader

Would be awesome if you guys could clarify/resolve this topic!

Cheers, ST.

The only time extra margin would not be required when using an ATM strategy with Rithmic is if the order is being held locally and has not yet been submitted to Rithmic.

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Earn2Trade View Post
Please see: https://help.earn2trade.com/platform/how-does-margin-work-with-ninjatrader. This has already been discussed, in depth, with NT support staff, NT brokerage staff, and Rithmic.

Maybe there was a misunderstanding or misinformation somewhere along the line, but as I understand it, my statement is not incorrect.

Rithmic RMS calculates worst case position. If you are long 1 and the ATM enters a stop and target, you only need $500 margin (for ES). The open position uses $500 and Rithmic RMS calculates the worst case position if both the stop and target are filled. In the worst case event that both orders are filled, the position would reverse resulting in a requirement of $500. Margin requirement = 1 contract, not double.

The only time it appears to require double is when the max leverage is used and the position causes the balance to go under the requirement. In those cases, only 1 order is approved to close the position. The additional order is rejected since there are insufficient funds to cover the 1 contract.

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NinjaTrader View Post
Maybe there was a misunderstanding or misinformation somewhere along the line, but as I understand it, my statement is not incorrect.

Rithmic RMS calculates worst case position. If you are long 1 and the ATM enters a stop and target, you only need $500 margin (for ES). The open position uses $500 and Rithmic RMS calculates the worst case position if both the stop and target are filled. In the worst case event that both orders are filled, the position would reverse resulting in a requirement of $500. Margin requirement = 1 contract, not double.

The only time it appears to require double is when the max leverage is used and the position causes the balance to go under the requirement. In those cases, only 1 order is approved to close the position. The additional order is rejected since there are insufficient funds to cover the 1 contract.

Before I comment any further, I'm going to try and get an NT license to test this with and show what's happening. If you have one I can use, please PM me so we can get this settled. Of course we would be 1000000% happy if we were incorrect but from our knowledge on a daily basis dealing with clients and directly from the Rithmic owner, this is unfortunately how it appears to be, at least with our setup.

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I tested and it worked as we expected it to.

This is on a $25,000 account, with NQ using the maintenance margin of $7000. This should be able to trade 3 contracts of NQ. Which it can, just not with an ATM strategy. NT uses too much margin and it rejects. RTrader/Sierra, or other platforms using server side OCO's can use 3 contracts with a stop and target no problem.

As you can see here, extra margin. A $25k account cannot trade 3 contracts NQ and use an ATM strategy.



3 contracts, $21000 margin (no ATM)





1 Contract, no ATM, $7000





1 Contract, ATM, $14000 (2x)



Thus the reject on 3 with ATM


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Thanks for checking.

I realize what you are doing, your account is set up to use SMAC risk settings. It’s a relatively new option with Rithmic, one that NinjaTrader Brokerage does not use.

So to summarize for accuracy, using NinjaTrader with ATM strategy:

A) At NinjaTrader Brokerage and any other FCM that uses worst case position risk in Rithmic RMS, a 1X margin requirement is used

B) Any Rithmic instance that uses the SMAC risk settings are subject to 2X margin requirement

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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NinjaTrader View Post
Thanks for checking.

I realize what you are doing, your account is set up to use SMAC risk settings. It’s a relatively new option with Rithmic, one that NinjaTrader Brokerage does not use.

So to summarize for accuracy, using NinjaTrader with ATM strategy:

A) At NinjaTrader Brokerage and any other FCM that uses worst case position risk in Rithmic RMS, a 1X margin requirement is used

B) Any Rithmic instance that uses the SMAC risk settings are subject to 2X margin requirement

Not trying to be a pain here but @Earn2Trade - is SMAC absolutely necessary for your purposes?

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Earn2Trade View Post
Thanks for the questions!
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.

As soon as I make the necessary 10% profit, my risk of losing this profit will be many times greater than the reward to improve the conditions of your offer.
There is NO POINT in trading the same style further. We are traders, and we must correctly assess the risks.
"Trade a minimum of 30 Calendar days and once per week"
Is this rule not enough for the trader to show his skills?
Ok, let it be 40 days, but why force it to trade further? This is contrary to common sense.
Change your opinion about this, please
And I will be yours

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Not trying to be a pain here but @Earn2Trade - is SMAC absolutely necessary for your purposes?

And, I would add, what's the point of it? Obviously there has to be one, so what is being accomplished with it? It seems to be an extreme safeguard for the FCM, but apparently is not widely used, because it was described as a new option with Rithmic.

I would add the question, for anyone familiar with it, of whether other FCM's, using Rithmic or not, do something similar. In other words, is it industry standard practice?

Bob.

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remarka View Post
As soon as I make the necessary 10% profit, my risk of losing this profit will be many times greater than the reward to improve the conditions of your offer.
There is NO POINT in trading the same style further. We are traders, and we must correctly assess the risks.
"Trade a minimum of 30 Calendar days and once per week"
Is this rule not enough for the trader to show his skills?
Ok, let it be 40 days, but why force it to trade further? This is contrary to common sense.
Change your opinion about this, please
And I will be yours

You make a good point when you say "we are traders and we must correctly assess the risks". Showing good risk management in general is the key to get the best possible offer, as I believe it has been pointed out here as well. Therefore we can't really blame you for managing your risk, albeit on a different level.

However please try to think about it this way: you are essentially trying to impress the prop firm to get the best offer you can get. What is more impressive? Hitting the bare minimum and stopping there, or showing consistency all the way through? By continuing trading successfully, you are showing them that there was likely no fluke, no luck involved, Earn2trade just caught you on a random 60-day period, which is just as profitable as any other 60-day period would be. Many successful professionals know that you never know what that market is going to give you so they keep on going. I can say I've never seen a successful money manager just stop trading once they hit a certain % on the month, let alone over a 2 months period.

Once again, you make a good point, but Helios has a different viewpoint and it is unlikely to change.

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Thanks for checking.

I realize what you are doing, your account is set up to use SMAC risk settings. It’s a relatively new option with Rithmic, one that NinjaTrader Brokerage does not use.

So to summarize for accuracy, using NinjaTrader with ATM strategy:

A) At NinjaTrader Brokerage and any other FCM that uses worst case position risk in Rithmic RMS, a 1X margin requirement is used

B) Any Rithmic instance that uses the SMAC risk settings are subject to 2X margin requirement

I tested it last night with other risk algo's too. I'm being told by the person that wrote the Rithmic software (for a 3x position):

"I don't think the algorithm matters, I would expect the same behavior if you use SMAC or Margin and Quantity Limits.

The Target and Stop are both free if you use Rithmic Server Side Brackets. I could be wrong, but I believe that Ninja chooses not to use Rithmic Server Side Brackets, which means if you are using Ninja then it would be 3x for the position + the first exit order is free and the other exit order (i.e. the stop) is not free so another 3x."


I'm going to test it again this morning and report back.

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And, I would add, what's the point of it? Obviously there has to be one, so what is being accomplished with it? It seems to be an extreme safeguard for the FCM, but apparently is not widely used, because it was described as a new option with Rithmic.

I would add the question, for anyone familiar with it, of whether other FCM's, using Rithmic or not, do something similar. In other words, is it industry standard practice?

Bob.

We use SMAC (and several FCM's do too) for a number of reasons:

- we allow for spread trading. It's the only Rithmic risk algo that allows for giving spread margin credit.
- SMAC is the only risk algorithm that allows a trader to trade any asset on the exchange without having to specifically allow it. We don't care what you trade, so rather than have to key in an approved list for every trader, SMAC is used to they can trade anything.
- exchange margin, smac is the only risk algo that automatically uses the maintenance margin. this means we don't have to keep the margin rates updated or key them in because the system does it automatically.

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Earn2Trade View Post
I tested it last night with other risk algo's too. I'm being told by the person that wrote the Rithmic software (for a 3x position):

"I don't think the algorithm matters, I would expect the same behavior if you use SMAC or Margin and Quantity Limits.

The Target and Stop are both free if you use Rithmic Server Side Brackets. I could be wrong, but I believe that Ninja chooses not to use Rithmic Server Side Brackets, which means if you are using Ninja then it would be 3x for the position + the first exit order is free and the other exit order (i.e. the stop) is not free so another 3x."


I'm going to test it again this morning and report back.

Deal breaker for those of us that use Ninja - can't trade multiple contracts with that large of a margin requirement.

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Deal breaker for those of us that use Ninja - can't trade multiple contracts with that large of a margin requirement.

Many of our users still use NinjaTrader. You can absolutely trade multiple contracts, just can't use a bracket with a target and stop if you're going to use your max available number of contracts. In addition, with this volatility, many traders are using a lot lower trade sizes.

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Earn2Trade View Post
Many of our users still use NinjaTrader. You can absolutely trade multiple contracts, just can't use a bracket with a target and stop if you're going to use your max available number of contracts. In addition, with this volatility, many traders are using a lot lower trade sizes.

Good points, but still, if a trader wants to have a stop and target entered automatically and then let the trade management be handled by those orders, it will crimp their style somewhat, because one of the sides of the OCO will require an extra 1X margin per contract, which could be a significant limitation in terms of the size available, depending on how the trader trades.

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bobwest View Post
Good points, but still, if a trader wants to have a stop and target entered automatically and then let the trade management be handled by those orders, it will crimp their style somewhat, because one of the sides of the OCO will require an extra 1X margin per contract, which could be a significant limitation in terms of the size available, depending on how the trader trades.

Bob.

If they really need to max their margin, yes, that's true.

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After speaking with Rithmic and NTB while doing extensive testing, it appears that there is a current issue with the SMAC implementation we and some FCM's use that causes this issue. Rithmic stated they are going to check with those FCM's and see if they have any problems with addressing this issue and if there is no push back, they should be able to get it addressed very soon. I will keep everyone updated.

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NinjaTrader View Post
We tested as well, from our VP of Trading Operations:

I confirmed the risk settings we use only require 1x margin. I set the error account to $800 and was able to use a bracket on a 1 lot of ES ($500 margin). The risk algo Ryan uses specifically requires 2x margin because of the way it it is designed to manage spread symbols.

So what I will attest to is that at NinjaTrader Brokerage using Rithmic, you will have 1X margin.

Yes, this is correct. Even the guys at Rithmic who wrote the software did not expect it to be related to the Risk algo. I'm glad it's been figured out and Rithmic is working on trying to see if they can patch the issue.

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Earn2Trade View Post
If they really need to max their margin, yes, that's true.

They would only be maxing their margin because using ATM on Ninja with you currently requires $14,000 margin (using the NQ from your example). That means even somebody offered the full $25,000 deal could only trade a one lot as things currently stand. If I have read this correctly.

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They would only be maxing their margin because using ATM on Ninja with you currently requires $14,000 margin (using the NQ from your example). That means even somebody offered the full $25,000 deal could only trade a one lot as things currently stand. If I have read this correctly.

Good news is, this doesn't matter anymore. Rithmic is fixing a bug in SMAC (the Rithmic risk algo we use) so that it won't use extra margin when NT trades it. If someone joins before they fix it and you only trade a handful of assets, please let our support know and we have a work around that Rithmic gave us that we can do for your account to fix it

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Earn2Trade View Post
Good news is, this doesn't matter anymore. Rithmic is fixing a bug in SMAC (the Rithmic risk algo we use) so that it won't use extra margin when NT trades it. If someone joins before they fix it and you only trade a handful of assets, please let our support know and we have a work around that Rithmic gave us that we can do for your account to fix it

Great news, glad that a solution came out of this discussion!

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Earn2Trade View Post
Good news is, this doesn't matter anymore. Rithmic is fixing a bug in SMAC (the Rithmic risk algo we use) so that it won't use extra margin when NT trades it. If someone joins before they fix it and you only trade a handful of assets, please let our support know and we have a work around that Rithmic gave us that we can do for your account to fix it

Hi. I just wanted to be clear. I have someone I have been mentoring that might want to try The Gauntlet..but really wants to stick with the Ninja Chart Trader because of certain indicators..etc.
Are you saying you have a solution..or will in the near future that eliminates the double margin issues that been brought up? The instruments he will be trading are CL, NQ and YM.

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Hi. I just wanted to be clear. I have someone I have been mentoring that might want to try The Gauntlet..but really wants to stick with the Ninja Chart Trader because of certain indicators..etc.
Are you saying you have a solution..or will in the near future that eliminates the double margin issues that been brought up? The instruments he will be trading are CL, NQ and YM.

Yes, we have a solution =)

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For the Gauntlet, you mentioned there is a 10% drawdown ($2500). Trying to understand it better.

Is this in relation to the initial balance only, or does it technically trail? For example, if I'm starting out with a $25,000 account and make $5000, is my max drawn down $2500 (meaning if my account dips under $27,500, I'm out)? Or is my max draw down $7000 ($5000 + $2500)?

I guess I'm asking is the drawdown $2500 at any given time in relation to the initial balance or the $2500 follows the profit? Or basically the account can never go below $22,500 period no matter what you do. You can tell I'm a little confused. lol.

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emini2000 View Post
For the Gauntlet, you mentioned there is a 10% drawdown ($2500). Trying to understand it better.

Is this in relation to the initial balance only, or does it technically trail? For example, if I'm starting out with a $25,000 account and make $5000, is my max drawn down $2500 (meaning if my account dips under $27,500, I'm out)? Or is my max draw down $7000 ($5000 + $2500)?

I guess I'm asking is the drawdown $2500 at any given time in relation to the initial balance or the $2500 follows the profit? Or basically the account can never go below $22,500 period no matter what you do. You can tell I'm a little confused. lol.

It's not trailing. So $22,500 is the minimum balance. Hope that helps explain!

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Hi guys,

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

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do we know of anyone in the futures.io community actively going through the earn2trade bootcamp?

considering the black friday deal (only way i'd even consider it to be honest, its still out of my budget, but tempted none-the-less. I'd really like to hear some feedback from someone who is already doing it before making a decision though.

I see some gauntlet journals, but nothing bootcamp related.

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KillerJukeBox View Post
do we know of anyone in the futures.io community actively going through the earn2trade bootcamp?

considering the black friday deal (only way i'd even consider it to be honest, its still out of my budget, but tempted none-the-less. I'd really like to hear some feedback from someone who is already doing it before making a decision though.

I see some gauntlet journals, but nothing bootcamp related.

What is the coupon code or a link for the Black Friday discount?

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as it doesn't seem to be restricted in any way , here it is :

BLKCAMP

valid until 27th

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KillerJukeBox View Post
as it doesn't seem to be restricted in any way , here it is :

BLKCAMP

valid until 27th

What is the discount?

Sent using the futures.io mobile app

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60% off bootcamp. not sure if it does anything for gauntlet, go try it.

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Ryan,

It is a shame that NT8 chose to cancel their relationship with your company. Topstep must have gotten their panties in a wad because why would NT simply leave a money making relationship with a vendor like you. Well, I will be checking out AgenaTrader as an NT8 alternative. Unfortunate! All the best, Ryan!

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jeffalan View Post
Ryan,

It is a shame that NT8 chose to cancel their relationship with your company. Topstep must have gotten their panties in a wad because why would NT simply leave a money making relationship with a vendor like you. Well, I will be checking out AgenaTrader as an NT8 alternative. Unfortunate! All the best, Ryan!

I just saw this. So any version of Ninja Trader can not be used for the Gauntlet? Even Ninja Trader 7 ?

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I'm curious about this recent development as well. I haven't heard anything to the contrary, so would like to better understand what has happened?

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I did hear I believe in a webinar not too long ago with E2T that they said you cannot use Ninjatrader, but they didn't say why.

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  #85 (permalink)
Chicago IL
 
 
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From the earn2trade website as of the time of this post (I don't know if this is a "new" development; or has been the case for awhile):

http://help.earn2trade.com/en/articles/2090521-what-platforms-can-i-use-for-the-gauntlet-gauntlet-mini

"NOT OFFICIALLY SUPPORTED:

NinjaTrader (you must have a live license key enabled for Rithmic, not trial, and we suggest checking this before signup with NT support). NinjaTrader is not available to Helios live traders. VIEW MARGIN NOTICE & VIEW LIVE ACCOUNT NOTICE"

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  #86 (permalink)
Atlanta GA USA
 
 
Posts: 278 since Aug 2013
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Cue the Final Jeopardy music.

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  #87 (permalink)
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 946 since Oct 2011
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I was wondering anyone had a suggestion for using Ninja for charting, but executing trades on another platform. Someone I have helped with their trading wants to do the Gauntlet, but needs Ninja for their indicators etc. Just wondered what might be a good platform to pull up the trade execution window and have it next to a Ninja chart. Would that use up too much of a P.C.'s resources to have two platforms going?

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  #88 (permalink)
Atlanta GA USA
 
 
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lancelottrader View Post
I was wondering anyone had a suggestion for using Ninja for charting, but executing trades on another platform. Someone I have helped with their trading wants to do the Gauntlet, but needs Ninja for their indicators etc. Just wondered what might be a good platform to pull up the trade execution window and have it next to a Ninja chart. Would that use up too much of a P.C.'s resources to have two platforms going?

I use R Trader Pro DOMs for practice with NT8 charts up. You can get a 30 day free feed with R Trader from Dormantrading.com. I'm going to do the Gauntlet in January. Works fine for me. The RT DOMs take a little getting used to, but once you set them up and get familiar with them, I really like them.

I'm using a Dell laptop with a large monitor connected, and it's only an i5 chip but it does have 24GB RAM. Works fine.

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  #89 (permalink)
west palm beach florida usa
 
Experience: Advanced
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emini2000 View Post
I use R Trader Pro DOMs for practice with NT8 charts up. You can get a 30 day free feed with R Trader from Dormantrading.com. I'm going to do the Gauntlet in January. Works fine for me. The RT DOMs take a little getting used to, but once you set them up and get familiar with them, I really like them.

I'm using a Dell laptop with a large monitor connected, and it's only an i5 chip but it does have 24GB RAM. Works fine.

Thanks, I've used R Trader and it seemed like at the time, you had to execute on a DOM..which i didn't like.

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  #90 (permalink)
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lancelottrader View Post
Thanks, I've used R Trader and it seemed like at the time, you had to execute on a DOM..which i didn't like.

Yeah. If it has a chart trader like NT I'm not aware of it. But Pro does have charts

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  #91 (permalink)
Atlanta GA USA
 
 
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lancelottrader View Post
Thanks, I've used R Trader and it seemed like at the time, you had to execute on a DOM..which i didn't like.

Well let me revise. It does have it. Check out this video.



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  #92 (permalink)
west palm beach florida usa
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: Cl, TF
 
Posts: 946 since Oct 2011
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emini2000 View Post
Well let me revise. It does have it. Check out this video.



Thank you.

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  #93 (permalink)
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Hi all, sorry for the late reply about NT. I didn't receive an email notification of new posts so I missed it!

We try and keep our FAQ updated with the latest information: http://help.earn2trade.com/en/articles/2522126-ninjatrader-live-account-notice

We'd love to work with NinjaTrader and we hope they change their minds in the future. If we have any further updates, we will make sure to update everyone.

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  #94 (permalink)
Atlanta GA USA
 
 
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Earn2Trade View Post
Hi all, sorry for the late reply about NT. I didn't receive an email notification of new posts so I missed it!

We try and keep our FAQ updated with the latest information: http://help.earn2trade.com/en/articles/2522126-ninjatrader-live-account-notice

We'd love to work with NinjaTrader and we hope they change their minds in the future. If we have any further updates, we will make sure to update everyone.

Thanks for the response. They sound pretty unreasonable.

Just to clarify, we can use the R Trader DOMs to enter trades and still use NT or any other platform for charts for the funded account, correct? I assume this is addressing actually being able to use NT DOMs or chart trader to actually execute trades in the funded account.

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  #95 (permalink)
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emini2000 View Post
Thanks for the response. They sound pretty unreasonable.

Just to clarify, we can use the R Trader DOMs to enter trades and still use NT or any other platform for charts for the funded account, correct? I assume this is addressing actually being able to use NT DOMs or chart trader to actually execute trades in the funded account.

We believe so.. Yes. This is dependent on your NT license being enabled for Rithmic data feed. Unfortunately as mentioned in the FAQ, we cannot guarantee how long they'll allow this. This being said, we have some users with a very old grandfathered NT license that they allow to connect to other brokerages, in this case, they can use it with a live account.

We suggest if anyone is considering using NT, please first contact NT and figure out what they exactly will allow with your particular license.

I hope that helps.

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  #96 (permalink)
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We wanted to extend a Happy New Year to all of you by offering a new feature of our Gauntlet™ challenge. Henceforth if you reach a target in your Gauntlet™ we will be able to offer a full refund of the price of that Gauntlet™.

The Gauntlet™ Guarantee
If you reach a 4:1 profit to drawdown ratio that meets the 10% profit requirement and doesn't dip below the 10% max drawdown rule, then you will be entitled to a full refund of your current Gauntlet™ fee.

A 4:1 profit to drawdown ratio within the Gauntlet™ requirements could include any of the following results:

12% profit: 3% drawdown
16% profit: 4% drawdown
20% profit: 5% drawdown
24% profit: 6% drawdown
28% profit: 7% drawdown
32% profit: 8% drawdown
36% profit: 9% drawdown
40% profit: 10% drawdown

*Please note that only your Gauntlet™ in which you reached a 4:1 profit to drawdown ratio will be refunded. If you reset The Gauntlet™, and you achieve the the 4:1 profit to drawdown ratio, your reset price will be refunded.

**You will receive the cost of your Gauntlet™ reimbursed to you in your professional Helios Trading Account. You can withdraw this money immediately at your discretion through ACH or wire transfer, or choose to add it to your trading balance.

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  #97 (permalink)
United Kingdom
 
Experience: Beginner
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If I passed the Gauntlet and was offered an account at the lower end say $10-12k could this be increased if I showed consistency?

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  #98 (permalink)
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ibrown View Post
If I passed the Gauntlet and was offered an account at the lower end say $10-12k could this be increased if I showed consistency?

Yes, absolutely!

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  #99 (permalink)
Atlanta
 
 
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(1) What is our max contract size on the 25k account and the 10k?

(2) Is Finamark a Tradovate skin/white label?

Sent using the futures.io mobile app

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  #100 (permalink)
Atlanta GA USA
 
 
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MichaelFlowTrader View Post
(1) What is our max contract size on the 25k account and the 10k?

(2) Is Finamark a Tradovate skin/white label?

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I believe the contract size is whatever the overnight margins are. Say if the overnight margin for CL was $6k, then on a $25k account your limit would be 4 contracts. On a $10k account that would only be one. You'd need $12k to trade 2 contracts.

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