11/02/2020

Traders,

We are excited to announce the platform transition to IFT PRO for the Equity Program is officially complete! The resumption of your trading results will begin again on Monday November 2nd.

We would like to thank all of you for your support, patience, and feedback during this time, you should be proud to have been part of the biggest platform transition in company history, and know that your help contributed to us being able to do it in record time!

We still have some more improvements to make with our newest technology, so until further notice the automated profit trail stops made by the platform will NOT be in effect. We will send another update when that risk setting will be implemented, which we expect to be in the very near future. This does not impact the new daily loss limits; those in place along with the other program risk settings.

As a reminder, all the history for the beta testing period will be removed by the end of this coming week. If you still see history showing in your reports for the beta testing period at that time, please send an email to Dr. Dan, but please wait until the end of the week to verify if the history has been removed before sending the email.

***Please note this recent change does not impact the Forex Program in any way, there has not been any change to the Forex platform.

10/21/2020

Attention IFT Equity Traders,

We are all very excited about our new platform, and we are also excited to have some brand new never before available technology specifically programmed for IFT, and in order to take advantage of it, we are going to be making some program changes.

Due to our program size and strength, we were able to have some unique risk management tools developed which will start to “force” traders to be profitable. One of the most common things we have seen far too often over the years is when traders have a profitable start to their day and then they end up losing it all, and keep losing until they reach a max loss for the day….. and that will no long be allowed to happen.

Our newest risk management program will now have stop features for both max losses and for trailing profits. We will also be eliminating the weekly loss limit and moving to only daily loss limit to ensure traders are able to trade every day of the week.

The new daily loss limit will be $200 for all accounts at the $50k BP level, and $350 for all accounts at the $100k BP level, and as previously mentioned there is no longer a weekly stop out limit, these new daily loss limits are available to you 5 days a week, so you are assured of trading every day. The auto shutdown feature will work the same as before when the max loss is reached for the day.

The new profit trail stop feature will work as follows

For the 50k accounts, once your overall profitability of realized and unrealized gains (both open and closed PL) reaches $100, your daily stop will be moved to zero, meaning you cannot go negative on the day and if you lose your $100 you will be shut down the same way you would be if you reached a max loss for the day. When your overall profitability reaches $200 your daily stop will be moved to a positive $100 ensuring that you are profitable for the day. You may continue to trade for more gains and your daily stop will remain at positive $100, and it is up to you to continue to trail any gains from that point forward.

For the 100k accounts, once your overall profitability of realized and unrealized gains (both open and closed PL) reaches $200, your daily stop will be moved to zero, meaning you cannot go negative on the day and if you lose your $200 you will be shut down the same way you would be if you reached a max loss for the day. When your overall profitability reaches $300 your daily stop will be moved to a positive $200 ensuring that you are profitable for the day. You may continue to trade for more gains and your daily stop will remain at positive$200, and it is up to you to continue to trail any gains from that point forward.

Beginning today, October 21, 2020, we will be implementing and testing these new risk settings, so you will experience shut downs based on the above criteria for the next three days in preparation for the official restart next Monday. This is our first beta test of these new settings on a large group, so please do not hesitate to reports any errors you may experience in regards to the new auto risk features.

10/19/2020

To all IFT Equity Traders,

Last week’s transition to the new IFT PRO (powered by Sterling) trading platform was a major success and we would like to thank all of you for your patience, cooperation and feedback, all of which helped make this transition the smoothest and most successful transition in our history!

We are aware that not every trader was able to have the full week to practice, and based on the fact that thousands and thousands of traders were being moved at the same time, and typically they only move 200-300 traders at time, we are not surprised there were some minor transition issues.

You also helped us get some deep beta testing done on this newest version of the platform, which has technology that was created and added specifically for our traders, so again we did expect to find some bug. As a group, you all did a tremendous job in putting the platform through some serious testing and provided us with invaluable feedback.

We have decided that it would be in everyone’s best interest, the traders and the firm, that we continue testing for one more week. We are aware that some of you are more than ready to go, while others are still feeling a bit behind the learning curve. From our viewpoint we still want to test the auto liquidation and max loss shutdown features,
as well as fixing some of the order bugs, and to make sure the reporting features are working correctly. Overall we believe there will be a much bigger benefit from extending the testing by one more week instead of rushing to start tomorrow.

Monday October 19th will be the same open lab format as last week.
As the week progresses we will be updating you as to which risk setting will be implemented each day so you are aware of what to focus on and what we will be focusing on for testing and feedback purposes. We will also be adding the new IFT stock list. Our expectations are for everything to be fully implemented this week and to resume trading with results being recorded and counting towards your PL totals as of Monday October 26th.

Please continue to trade as much as possible and provide us with your valued feedback in regards to any new issues you come across this week, we are all very excited about the new platform and features now available to IFT traders, and we look forward to returning back to regular program trading, thank you again for your cooperation, feedback and patience during this long awaited and highly anticipated transition.