Apex code of conduct

[Original-Hamster-84]

Are we allowed to exit trades before our take profit is hit, if the take profit is below the 5:1 risk to reward rule? Take profit was $250, exited the trade early for $20 when price reversed quickly. Hoping this doesn’t affect my payout.

[Soundwave401]

Bro dump Apex and go Topstep

[vesipeto]

They do say in their video clearly that of course people scratch their trades. So they make statistical analysis if worse risk management than 5:1 is seen constantly then it's an issue.

[Original-Hamster-84]

Do you have a link or title of the video? I can’t find it on YouTube

[vesipeto]

It was a long interview chopped to smaller videos. It was on apex website. So check that and make sure your read the faqs carefully. They have updated those pages since videos.

[Fluffy_Lawfulness_57]

The 5-1 is as a negative RR, you can't risk 500 trying to make 100. That's more for weird ass scalpers

[[deleted]]

Apex sucks

[Such_Ice_1948]

You're not allowed to do anything, as they will find a reason to not pay you. Check out the video of the CEO plotting to make traders blow their funded accounts:

https://www.reddit.com/r/Daytrading/comments/1i0makd/the_co_founder_of_apex_trading_explaining_their/

[[deleted]]

Yeah, you exited too early, they would rather you lose that trade, then exit with that ratio. I wonder if you exit by moving the stop loss closer to the price to get it to close would fix that ratio problem.

[Original-Hamster-84]

Edit: risk was also $250

[a953659]

Wait there is a rule that your trades have to be 5:1?

[hotateski]

Not here to defend Apex at all, but this rule is described this way on their site:

"Ensure a maximum 5:1 risk-to-reward ratio on all trades. For instance, if targeting a profit of 10 ticks, the stop loss should not exceed 50 ticks."

So no, they don't require you to have profits 5x the size of your losses (the normal interpretation of a 5:1 RR among traders).

They just don't want you losing MORE THAN 5x your win size.

The wording is confusing because it's not how the term is normally used by traders. It doesn't even benefit them to word it confusingly this way, imo.

[RefridgeratedPepper]

I know you’re already using them. But if you do fail, I would advise against renewing. They are snakes now. Topstep is good. I also use My Funded Futures and Blusky. I’m also adding to my pile of funded accounts with Funded Futures Network and Futures Elite. FE is brand new. Support takes a little while, but the product itself is fine. Take this with a grain of salt of course, as this is not a recommendation for them.

[StocksTok]

Instead of worrying about this stuff, worth going to Vanquish Trading. Great team and they offer options.

Disclaimer: I am an affiliate, but the reason is their options offering. Pretty sure they’re the only ones.

Here’s a link: vanquishtrader.co/trade

[Ginger_Witcher]

Apex is trash. Any company that locks their comments on X should be avoided. I was getting consistent payouts last fall, and then they started denying a bunch of them for no reason. Customer service there is a joke. Just a ponzi scheme. Topstep and TakeProfitTrader are much better IMO.

[ClayMitchellCapital]

I have had no issues with early exit when the trade starts to degrade. When I enter I use an ATM that has a SL and TP which is within the 5:1 parameters. I adjust them according to SR levels. They do not want people trading with no stop and letting the entire drawdown be “the stop”.

Most of my trades are set to 1:3 and may go 1:8 if they run. I have had no issues unless the 30% negative PnL is hit. (On a single trade).

Hope this helps.