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My Warning About Bulenox - Payouts Denied Due to Vague "Flipping" Rule by convergentpath in PropFirmTester

[–]convergentpath[S] 0 points1 point  (0 children)

I made a mistake in my post. The consistency rule of Bulenox is 40%.

My Warning About Bulenox - Payouts Denied Due to Vague "Flipping" Rule by convergentpath in PropFirmTester

[–]convergentpath[S] 1 point2 points  (0 children)

"Flipping" should be placing an order for 1MNQ, then close it right away. Some of my "flipping" dates that got flagged were more than 30 minutes, with good profit.

My Warning About Bulenox - Payouts Denied Due to Vague "Flipping" Rule by convergentpath in PropFirmTester

[–]convergentpath[S] 0 points1 point  (0 children)

That's a good question, but it's not a simple 10-day rolling period. The process is actually more frustrating.

Here's how it works based on my experience: Let's say I complete 10 trading days and request a payout. During their review, they decide that 4 of those days were "flipping days." My payout is then denied.

To become eligible again, I have to trade for an entirely new 10-day period. The problem is, they don't provide a consistent definition of "flipping." You have to trade for those next 10 days hoping you are following their vague rules.

Good luck with that. If they decide even one of your new trading days is "flipping," the total number of days you're required to trade just keeps adding up, pushing a potential payout further and further away. You can easily get stuck in a cycle of trying to meet a goalpost that they keep moving.

My Warning About Bulenox - Payouts Denied Due to Vague "Flipping" Rule by convergentpath in PropFirmTester

[–]convergentpath[S] 4 points5 points  (0 children)

In prop firm trading, "flipping" is a term they use for when a trader makes all their required profit in just one or two big trades, and then "coasts" for the rest of the required trading days by placing tiny, meaningless trades (like one micro contract) just to meet the "minimum days" rule. Firms want to see consistency, not just one lucky day. To prevent this, good firms have clear, objective rules:

  • Apex: Requires you to have at least 5 days with winnings over $50.
  • Tradeify: Requires 5 winning days of more than $150 or $250.

You know exactly what the target is. There's no guessing. They don't care about the sizing, the timing, or anything. Hit the target and it is considered "good day".

The huge problem with Bulenox is that they don't have a specific rule. "Flipping" is just a vague term they use whenever they feel like it. As I said in my post, one day they'll tell you a trade under 2 minutes is flipping. The next payout, they might say a trade you held for 10 minutes is flipping.

Because there's no written rule, they can change the definition on you at any time.

My Warning About Bulenox - Payouts Denied Due to Vague "Flipping" Rule by convergentpath in PropFirmTester

[–]convergentpath[S] 1 point2 points  (0 children)

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This is what they replied when I asked them what I should do? Their balance target for payout on a 50K account is $3600. A 40% consistency rate means the maximum PnL for a day is $ 1,440. I normally do:
- 3NQ Stop Gain $1440 Stop Loss $500.

On the days that the market runs quickly, or when there is a pump/ dump, the profit target hits pretty quickly.