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I passed the 25K eval again in 15 days using the same strategy.
I also traded a 2nd evaluation account to profit target, but left it at 14 days (it requires 1 micro, 1 tick, win or lose to activate). In the event I make a mistake on the live account, I can convert the backup eval account into a live account within a day.
I passed the 25k Live account in 3 days using the same entry strategy, but picking further targets as there are no consistency constraints. Requested withdrawal at $1800 profit.
I'm currently waiting for the 50k account to be setup. It takes another 7 days to setup the 50k account as you have to fill out all the paperwork again (submit Driving Licenses, tax forms, etc.) I'm not sure if they do this for psychological reasons, or if they're just inefficient.
Hey can you please explain the difference between professional execution only feed and nonprofessional market data feed? I appreciate any answer thanks
The trading platform needs to support having two feeds, and displaying data from one and sending orders through the other.
R-Trader Pro does not allow you to set different credentials for market data and execution. But you can just enter the execution part and leave the market data blank. This allows you to manage your risk and see your balances, etc. But the DOM will be blank as there is no market data.
Sierra Chart works in conjunction with their Denali data feed. This is the cheapest option and the one I use.
Jigsaw seems to work with 2 Rithmic feeds, but I didn't test it extensively.
Quantower, Optimus Flow, MotiveWave, EdgeProX, Bookmap do not support this configuration.
There are three parts to a data feed:
1. Historical market data
2. Live market data
3. Execution and account management
If you are a professional, than the cost to get (1) and (2) is more than if you are a non-professional. When you get a live account with Earn2Trade, you are classed as a professional and therefore you need to pay the higher fees.
However, if you have another source for (1) and (2), then you can ask Earn2Trade to provide you with (3) only, therefore avoiding any data fees. If you opt for just (3) it is called an execution only feed and is free.
In summary:
Execution only feed = (3) only
Non-Professional feed = (1) and (2) and (3) at the lower cost
Professional feed = (1) and (2) and (3) at the higher cost (no difference other than price)
Non-Professional market data only feed = (1) and (2) only at the lower cost
Professional market data only feed = (1) and (2) only at the higher cost (no other difference other than price)
Some trading platforms allow you to have multiple feeds, and choose which is used for historical, live and execution.
Wow, its great to hear that. Can I PM you to get the website blog link?
Also can you share what happens when you get to the profit goal of 200k acc and withdraw the profit, do you have to get new acc or stay using the same acc?
I am planning to do the evaluation for career path 50k, so trying to see if anyone has been successful with this program.
What is the main advantage of trading under this type of account versus trading your own money? The rules seem quite limiting and almost built to make you fail.
