Yes. It is a trailing drawdown of the highest account balance, even with unrealized open positions. I have a new video coming out soon going over trailing drawdown vs end of day drawdown in funding accounts.
Their rule on DCA is that you can take upto and only ONE additional entry to enhance your position. Apex could do a better job in enforcing this rule by either (1) enforcing this by prohibiting more than one addituonal entry (2) notify you ahead of time so that you do not waste your time trading additional days. imho no traders should really find this out after the payout request was made.
On the PA account, what does it mean by No News Trading? Does that mean only high impact news? If it's only high impact news, does it mean the entire trading day, or just within the time of the news release? For example, 2 minutes before and 2 minutes after release?
Thank you for the helpful information! I just passed my Evaluation with a $15,000 profitable day and now have a PA account. Does the 30% consistency rule start counting only after I'm funded, disregarding the big green day? Or do I need to earn another $35,000 so that the big day is less than 30% before I can request a withdrawal?
Question. If I hit my 53.000 target on a 50k account, do I need to close the position or does it automatically gives me the funded account once you hit the target equity? Reason I'm asking is because I trade multiple eval accounts which I didn't start at the same time, so it looks like I'll hit the target on my first eval sooner than the others.
In a EVAL account, what counts as trading day? I made 2.9k on the first day on my 50k eval and when I eventually get to 3k profit,can I just open and instantly close my trade or is there a minimum for it to count as a trading day?
Trading day goes from 6pm EST when futures open till close the next day. Technically they don't want you to do flipping to make days count, so you should try to have the remaining days with trades of at least a few minutes so it does not look like you're just trying to make the day count with no real strategy,.
Great video. For my 50k account if i make the profit target before the 7 days will i pass or do i need to trade all seven days to make it to PA account?
Great video. Quick question. If I hit my profit target of 26500 on a 25k account, then my account goes beneath that without hitting the trailing threshold, do I have to start over or do I just start my 7 days over?
You just keep trading until you bring back your account over the profit target. You can take more than 7 days if you need. As long as you don't hit the trailing drawdown you can keep going until the target is met in at least 7 trading days.
So how exactly does either Apex or I make money if the performance account is a Simulation as well??? Simulation meaning not with real money. I don’t understand that.
That's the whole business model of all these companies. They get money from new subscriptions and reset fees and pay out profitable funded traders with that. Once a trader has been funded and proven profitable in SIM for a while they will eventually move them into a real LIVE account with the order going to the CME.
In your video you mentioned "Traders cannot be long in one account and short in another at the same time". Is this true regardless of contract size and price level? Do you know if they allow having a long and a short position open at the same time on the same instrument, but *at different price levels and contract sizes* and using different accounts? eg: 1 ES contract long at $5000 (account 1) 2 ES contracts short at $4500 (account 2) thanks!
That is correct. You can not hedge against a position with a counter position. For example they dont let you be short onCL in one account and long in another. The only way around it is because ES and NQ trade in tue same pattern, you can be ES long in one account and NQ short in another as it is not the same ticker.
Not sure what you mean but one you select an account size that is what you will have in the evaluation and funded stage if you pass. Each account size has it’s contract max allowed per trade and there is no position scaling rule. The 30% consistency rule for payouts is only for funded accounts.
If you do not have any trades or orders opened during the actual news event then I don't see how that would qualify as a rule violation. So like for Non Farm Payrolls which occur at 8:30am EST, if you go flat at 8:25am that would not be a violation I'm sure.
As long as its your normal trading strategy and your not gambling on news you should not have a problem. But if you make most of it from the news trade then kight not get paid
It is technically not allowed, but in the evaluation they don't seem to penalize for it. But it might be problematic if you are trying to withdraw funds from a funded account doing that.
That's a NO - No!! They will not even allow you to be short in one ticker and long in another if the tickers are known to trade similarly. In other words, they could deny a payout and not qualify your combine account if you are long NQ and short ES at the same time as these 2 tickers are known to trade very similar to each other.
You earn the performance account after you pass the evaluation. Prices vary depending on the size and also they have sales going on often so you can get them sometimes for as low as $30 a month. The performance account will be the same size as the evaluation account that you used to pass.
Hi in 50k funded in apex it says 10 contracts only. What does it means? I should not trade more than 10 mini contracts until I pass the evaluation? or that is per day limit of contract to buy only? or I am allowed to trade 10 contracts only for the whole evaluation and must be reach 2500. Please answer.....
I trade both news and the bell. Thats literally my strategy. I like when the market is moving. I dont like choppy candle formation. So i personally came up with sticking to only trading to news and the bell. Can still keep that strategy and request a payout?? Since its literally my strategy? So for instance, my goal is 500 a day or 2500 a week. CPI, PPI, FOMC, NON FARM PAYROLL are all once a month. If i have big days there, while still being consistent in my strategy of 500 a day, will that count against me?
I have a mac (just upgraded over the week dropped big $) I signed up. I can't install software. Also, why 3 brokers? So confusing. Why does rithmic use tradovate and ninja to trade when rithmic is a broker? Also, I was told (by a guru) tradovate is "mac-friendly". Also, why does rithmic want me to download tradovate, isn't anothre broker their competition? Also, why do I have to pay tradovate to "sign-up" ($149 p/mo) when I already paid Apex $48 bucks (I got a 71% discount for $50k account). I'm lost I need help. They have NO customer service. Any help would help me so much.
First off you are confused by the datas. Rithmic is NOT Tradovate. Tradovate is a broker that works with CQG data. Rithmic is not a broker, they are just a data provider. Some platforms like Sierra Chart are not natively compatible with MAC. Yes, Tradovate is MAC friendly. You can use them through a web version or download their app for desktop/mobile. Also Tradovate allows you to link TradingView so you can connect and trade directly from TradingView using your Tradovate Apex evaluation/funded account. Every company is gonna charge a sign up fee when you get funded because you are technically now under the "professional" trader status, so data fees are a lot higher for the CME. The $48 bucks you paid originally is Apex's monthly membership and non-professional data costs.
When in the performance account can you average down in a trade. Say I buy one MNQ contract and it pulls back like 5 points can I add to that trade another say 1-2 MNQ contracts to have a beater position ?
Sure. As long as you don't go over the total position limit for your account size you can add as much as you want on the evaluation or performance accounts.
Not sure on that. They do note once funded that they don’t want traders just flipping contracts to make days count with no real attempt to trade those days.
@@PriceActionVolumeTraderI see a problem with that, what if I trade following my system and the market doesn't give me the reason and stars to consolidate and I close the position because I don't want to take risk of losing that trade... It happens some times to me, it would be considered a flip just because I closed a bad trade?
I'm not sure. I honestly have not heard of that rule. But all I saw was it referred to people that try to just count days and not trade. But again, I am not sure how they even would enforce this. I think it's obvious when someone is actually taking trades like what you were saying vs opening a micro position and closing it 5 seconds later many days in a row.
Do they really enforce the "NO AI Bot, algo, etc"? I feel like everybody is using them and theyre more consistent than discretionary trading. This feels like an easy out for them not to payout if they wanted to have a reason in the back pocket.
The reason for that rule is, when the time comes and they start copying your trades in the funded account, they may not be able to copy accounts that trade with a bot in high frequency, because this would not give them enough time to copy the entry and exits. So they want real human trading with limit orders as much as possible.
Good thing to remember is that they only Allow 20 accounts per household . Meaning you and your siblings cannot have 20 account each. but you can have lets say 10 accounts and your sibling can have the other 10 accounts .
There’s no time limit to complete. You can take as long as needed to reach the profit target as long as you don’t hit the trailing drawdown in the meantime.
So basically, you can gimmick/cheat your way through the evaluations but can't when they have to pay you out. Seems fair enough. It's a good deal. You're essentially buying the drawdown and the trade is to earn it back to get the payout/balance. ROI could be 1000%+ depending on the sale.
Yeah you can get lucky and hit a runner in the evaluation with big size and risking a quick liquidation. But for the funded account you do need some consistency before getting paid out. So best plan is to have the same strategy throughout.
@@PriceActionVolumeTrader Thats no problem lol I plan to buy 20 of those 300k accounts and max lever pass them in a trade I have planned for it. On the funded accounts, I'll just treat it like a normal $7500 account. Basically trading a few micros. 2-3 mnq, 5-6 mes.
Get 80% OFF and 1 day passing with code: PAVT: tinyurl.com/PAVTAPEX
I have 1 questions that didn't get answered
Dose the drow down go up as you grow your account?
Yes. It is a trailing drawdown of the highest account balance, even with unrealized open positions. I have a new video coming out soon going over trailing drawdown vs end of day drawdown in funding accounts.
I just came across your videos. You do the best job of explaining Apex that I have seen. Thank you so much for your help!
Is the 80% discount only good for the first month?
@@UdonTZai lifetime until you close the account.
Their rule on DCA is that you can take upto and only ONE additional entry to enhance your position. Apex could do a better job in enforcing this rule by either (1) enforcing this by prohibiting more than one addituonal entry (2) notify you ahead of time so that you do not waste your time trading additional days. imho no traders should really find this out after the payout request was made.
Looking for a short and sweet answer for PA account. Do I have to use a stop loss and take profit for each trade? Thank you!!
No, you can do however you want. If you want to just get in a position and manually close it you can do that.
On the PA account, what does it mean by No News Trading? Does that mean only high impact news? If it's only high impact news, does it mean the entire trading day, or just within the time of the news release? For example, 2 minutes before and 2 minutes after release?
Only high impact. Yes, a few minutes before and after. Not sure how strict they are in enforcing it. But it is in their rules.
Thank you for the helpful information! I just passed my Evaluation with a $15,000 profitable day and now have a PA account. Does the 30% consistency rule start counting only after I'm funded, disregarding the big green day? Or do I need to earn another $35,000 so that the big day is less than 30% before I can request a withdrawal?
It only starts counting on the funded account. So a good strategy is just set as realistic profit goal daily to try to keep everything consistent.
Question. If I hit my 53.000 target on a 50k account, do I need to close the position or does it automatically gives me the funded account once you hit the target equity? Reason I'm asking is because I trade multiple eval accounts which I didn't start at the same time, so it looks like I'll hit the target on my first eval sooner than the others.
You have to manually close and finish the day over the target/# of days required.
In a EVAL account, what counts as trading day? I made 2.9k on the first day on my 50k eval and when I eventually get to 3k profit,can I just open and instantly close my trade or is there a minimum for it to count as a trading day?
Trading day goes from 6pm EST when futures open till close the next day. Technically they don't want you to do flipping to make days count, so you should try to have the remaining days with trades of at least a few minutes so it does not look like you're just trying to make the day count with no real strategy,.
@@PriceActionVolumeTrader thank you!
Can you please explain what is "flipping". Is it not allowed in PA accounts?
flipping is not allowed
@@rajk.8534 - I don't see a definition or example of what "flipping" is.
Great video. For my 50k account if i make the profit target before the 7 days will i pass or do i need to trade all seven days to make it to PA account?
You need to trade at last 7 days.
Great video. Quick question. If I hit my profit target of 26500 on a 25k account, then my account goes beneath that without hitting the trailing threshold, do I have to start over or do I just start my 7 days over?
You just keep trading until you bring back your account over the profit target. You can take more than 7 days if you need. As long as you don't hit the trailing drawdown you can keep going until the target is met in at least 7 trading days.
@PriceActionVolumeTrader thanks so much for the quick response! Going to subscribe!
Good question and good answer. Love to see it.
I was in a position before news dropped. About 20min before trading my usual style. It went my way. Does that mean I won’t get paid out?
Not 100% sure if they would flag that in a payout request. In the evaluation it is allowed to trade news.
So how exactly does either Apex or I make money if the performance account is a Simulation as well??? Simulation meaning not with real money. I don’t understand that.
That's the whole business model of all these companies. They get money from new subscriptions and reset fees and pay out profitable funded traders with that. Once a trader has been funded and proven profitable in SIM for a while they will eventually move them into a real LIVE account with the order going to the CME.
@@PriceActionVolumeTrader do you know what the time frame is for that to happen with apex?
Not sure
Thank you for clarifying I was wondering why it said demo on the top and simulation when you log in….
Used your code to fund 5. You're welcome :)
I heard you must trade Sunday to Thursday? Is this correct? This means you can’t trade on Friday? This doesn’t make sense to me
It goes by the CME schedule. Most markets will open Sunday at 6pm EST and the week closes Fridays at 5pm EST.
@@PriceActionVolumeTrader Thanks for the swift reply, this really clears things up!
In your video you mentioned "Traders cannot be long in one account and short in another at the same time". Is this true regardless of contract size and price level? Do you know if they allow having a long and a short position open at the same time on the same instrument, but *at different price levels and contract sizes* and using different accounts?
eg:
1 ES contract long at $5000 (account 1)
2 ES contracts short at $4500 (account 2)
thanks!
I don't believe that is allowed under the same dashboard/email setup.
That is correct. You can not hedge against a position with a counter position. For example they dont let you be short onCL in one account and long in another. The only way around it is because ES and NQ trade in tue same pattern, you can be ES long in one account and NQ short in another as it is not the same ticker.
Actually they do not allow that either because of how similar they trade to each other.
Is this rule based on ticker? Say I have a long setup in ES but coming to a short setup in CL, this isn't allowed?
Is it possible to trade like half an hour after the fomc for example?
I'm sure you can.
Can I use 100k out of my 350k to trade as long as I stay consistent and on the 30% rule? I have been trading for many yrs. I consider myself semi pro.
Not sure what you mean but one you select an account size that is what you will have in the evaluation and funded stage if you pass. Each account size has it’s contract max allowed per trade and there is no position scaling rule. The 30% consistency rule for payouts is only for funded accounts.
What about trailing drawdown? Is that still a thing on PA accounts?
Yes, that is always on both scenarios.
There are news all the time, which news applies on the NO NEWS Trading?
It refers mainly to the most important ones like FOMC, Federal Reserve Interest Rate Decisions, Non Farm Pay Rolls, CPI, PPI
Top quality content as always. What is your opinion/view/advices on the PA Monthly payment or the Lifetime payment ?
It depends. If you are very confident in holding the accounts long term then lifetime is worth it.
Also, will trades closed 5-10 minutes before nfp news or any high impact news be counted as news trading ?
If you do not have any trades or orders opened during the actual news event then I don't see how that would qualify as a rule violation. So like for Non Farm Payrolls which occur at 8:30am EST, if you go flat at 8:25am that would not be a violation I'm sure.
As long as its your normal trading strategy and your not gambling on news you should not have a problem. But if you make most of it from the news trade then kight not get paid
hi great video 1 qestion in the evaluation account can i be long in 1 account and short on the other ?
It is technically not allowed, but in the evaluation they don't seem to penalize for it. But it might be problematic if you are trying to withdraw funds from a funded account doing that.
That's a NO - No!! They will not even allow you to be short in one ticker and long in another if the tickers are known to trade similarly. In other words, they could deny a payout and not qualify your combine account if you are long NQ and short ES at the same time as these 2 tickers are known to trade very similar to each other.
What does “profit goal” mean? Is it just for the evaluation account or is there a goal what I have to reach with my performance account also? Cheers
The profit goal is in the evaluation account. Once funded you want to win as much as possible while managing risk accordingly.
@@PriceActionVolumeTrader but you have to pay a monthly fee correct ?
@@PriceActionVolumeTrader trouble with apex is you can use only ninja and tradovate which basically suck for mt4 and mt5 traders
Can I trade while traveling ? I'm based in ny.
Yeah. I don’t see why not.
For the 50k eval account it says i can trade 100 micros, is that daily? If i traded 100 one day does that mean i can trade again 100 the next day?
That is per position. You can open max 10 minis or the equivalent of 100 micros in a trade.
Does no news trading only mean all the big news like cpi and fomc? Or all of them? There is every day something coming up.
Just the big ones. If you go to an economic calendar, for example the forexfactory calendar any news in red would be considered important.
What is the cost of a Performance Account??
You earn the performance account after you pass the evaluation. Prices vary depending on the size and also they have sales going on often so you can get them sometimes for as low as $30 a month. The performance account will be the same size as the evaluation account that you used to pass.
How does swing traders use this firm or its only day traders
You cannot hold trades over the daily close. So it’s just for day trading.
Hi in 50k funded in apex it says 10 contracts only. What does it means? I should not trade more than 10 mini contracts until I pass the evaluation? or that is per day limit of contract to buy only? or I am allowed to trade 10 contracts only for the whole evaluation and must be reach 2500. Please answer.....
It means any single trade cannot be over 10 contracts. Or if you have multiple trades open at once all together cannot be over 10 contracts.
Is it possible to trade small lots news days? And not all in or show to say
In the evaluation yes. When funded I believe they are more restrictive.
I trade both news and the bell. Thats literally my strategy. I like when the market is moving. I dont like choppy candle formation. So i personally came up with sticking to only trading to news and the bell. Can still keep that strategy and request a payout?? Since its literally my strategy? So for instance, my goal is 500 a day or 2500 a week. CPI, PPI, FOMC, NON FARM PAYROLL are all once a month. If i have big days there, while still being consistent in my strategy of 500 a day, will that count against me?
You can trade the open, you can’t trade the news. Period.
Learn a better strategy
I have a mac (just upgraded over the week dropped big $) I signed up. I can't install software. Also, why 3 brokers? So confusing. Why does rithmic use tradovate and ninja to trade when rithmic is a broker? Also, I was told (by a guru) tradovate is "mac-friendly". Also, why does rithmic want me to download tradovate, isn't anothre broker their competition? Also, why do I have to pay tradovate to "sign-up" ($149 p/mo) when I already paid Apex $48 bucks (I got a 71% discount for $50k account). I'm lost I need help. They have NO customer service. Any help would help me so much.
First off you are confused by the datas. Rithmic is NOT Tradovate. Tradovate is a broker that works with CQG data. Rithmic is not a broker, they are just a data provider. Some platforms like Sierra Chart are not natively compatible with MAC.
Yes, Tradovate is MAC friendly. You can use them through a web version or download their app for desktop/mobile. Also Tradovate allows you to link TradingView so you can connect and trade directly from TradingView using your Tradovate Apex evaluation/funded account.
Every company is gonna charge a sign up fee when you get funded because you are technically now under the "professional" trader status, so data fees are a lot higher for the CME. The $48 bucks you paid originally is Apex's monthly membership and non-professional data costs.
When in the performance account can you average down in a trade. Say I buy one MNQ contract and it pulls back like 5 points can I add to that trade another say 1-2 MNQ contracts to have a beater position ?
Sure. As long as you don't go over the total position limit for your account size you can add as much as you want on the evaluation or performance accounts.
@@PriceActionVolumeTrader False, DCA is not allowed on Funded account, only in evaluation.
@@tradewithhamzahe said “evaluation and PA accounts” not funded accounts.
What about the 20% of flipping days rule?
I heard something about it
Not sure on that. They do note once funded that they don’t want traders just flipping contracts to make days count with no real attempt to trade those days.
@@PriceActionVolumeTraderI see a problem with that, what if I trade following my system and the market doesn't give me the reason and stars to consolidate and I close the position because I don't want to take risk of losing that trade... It happens some times to me, it would be considered a flip just because I closed a bad trade?
I'm not sure. I honestly have not heard of that rule. But all I saw was it referred to people that try to just count days and not trade. But again, I am not sure how they even would enforce this. I think it's obvious when someone is actually taking trades like what you were saying vs opening a micro position and closing it 5 seconds later many days in a row.
Do they really enforce the "NO AI Bot, algo, etc"? I feel like everybody is using them and theyre more consistent than discretionary trading. This feels like an easy out for them not to payout if they wanted to have a reason in the back pocket.
I’ve never heard of this rule being enforced. But pretty much all companies have it in their restrictions.
The reason for that rule is, when the time comes and they start copying your trades in the funded account, they may not be able to copy accounts that trade with a bot in high frequency, because this would not give them enough time to copy the entry and exits. So they want real human trading with limit orders as much as possible.
Good thing to remember is that they only Allow 20 accounts per household . Meaning you and your siblings cannot have 20 account each. but you can have lets say 10 accounts and your sibling can have the other 10 accounts .
Good point
@@PriceActionVolumeTrader This rule should be changed. My son is learning to trade and will eventually start with he eval and funded account.
@@TradeDrifter at one point you're right, but at the same time, don't you think 20 accounts is too much for a beginner?
What happens if my evaluation still does not reach the goal and the 7 days are completed?
There’s no time limit to complete. You can take as long as needed to reach the profit target as long as you don’t hit the trailing drawdown in the meantime.
Thanks a very good video great expiations
Glad you enjoyed it
If I straddle CPI what happens on eval
Nothing. You are allowed to trade news events.
So basically, you can gimmick/cheat your way through the evaluations but can't when they have to pay you out. Seems fair enough. It's a good deal. You're essentially buying the drawdown and the trade is to earn it back to get the payout/balance. ROI could be 1000%+ depending on the sale.
Yeah you can get lucky and hit a runner in the evaluation with big size and risking a quick liquidation. But for the funded account you do need some consistency before getting paid out. So best plan is to have the same strategy throughout.
@@PriceActionVolumeTrader Thats no problem lol I plan to buy 20 of those 300k accounts and max lever pass them in a trade I have planned for it.
On the funded accounts, I'll just treat it like a normal $7500 account. Basically trading a few micros. 2-3 mnq, 5-6 mes.
@@xRedNationxhow this work for you? Funded yet?
@@joserojas7994can’t shoot for the moon out of nowhere
@@joserojas7994nope lol