Archives for October 2024

AFT8: Upcoming Changes and Updates

We’re rolling out some important changes to AFT8 to ensure a win-win situation for all traders who operate with integrity. The AFT8 Update is still pending, so keep a lookout for notices!

Unfortunately, these changes come in response to widespread end-user abuse of the EULA and subscription requirements—three times as many users are exploiting the system compared to those using it legitimately. It’s disheartening to see how prevalent cheating and piracy have become, not only within the vendor ecosystem but also among the traders who choose dishonesty over fairness, the majority without even leaving credit or referrals. This behavior negatively impacts everyone, especially honest traders like you.

Let’s make it a win-win!

• We understand that some EULA infringements, particularly those involving the use of AFT for evaluation, prop trading, or live accounts without a valid subscription, may stem from confusion or a lack of communication or loopholes a trader was not aware they had breached.
• Our goal is to create a compliant, ethical environment that benefits everyone—a true win-win. So we are providing notice to those who are not yet compliant to get a suitable subscription from today onwards with no back charges—no fuss, clean slate starting now.
• Now that AFT has matured with comprehensive features and support, we’re taking action to ensure fairness. We are committed to building a platform for serious, legitimate traders with a winning mindset.
• While EULA infringements will not be tolerated—and we need to cover our R&D costs and aim to break even one day, ROI which may take years—there’s no need for drama.
• We’re offering an opportunity to wipe the slate clean. Any users currently utilizing AFT8 for evaluation, prop, or live trading through outdated versions or loopholes can easily upgrade to become compliant with the EULA and pricing rules.
• We encourage traders who use AFT for evaluation, prop, or live trading to take this step to ensure a fair and ethical trading environment for all.
• Please see here for details on Pricing

What’s Changing:

Pending release will implement the following AFT modes of operation and licensing for connection/account modes:

• Backtest/historical/replay – free all modes to allow assessment/testing
• NT sim mode/NT demo – indicators free, license required for algo/trade management – GFA/Full
• Prop eval – license required for indicators/algo/trade management – GFA
• Prop Perf – license required for indicators/algo/trade management – Full License
• Unknown live/demo – license required for indicators/algo/trade management – Full License
• Live trading – license required for indicators/algo/trade management – Full License

1. Limited Access with Freemium
   To prevent misuse of trade copiers and demo accounts to avoid licensing fees or violate the EULA, we will no longer offer unlimited access to automated features on the freemium plan. Freemium users will have access to free indicators, manual trade entries, and NinjaTrader ATM for trade management.
2. Old Versions & License Evasion
   Traders using outdated versions of AFT to bypass subscription fees for evaluation or live prop trading will face restrictions. AFT8 will automatically uninstall itself, remove all files, and reclaim ATS property from the system. This will be enforced after a two-week grace period.
3. Going Forwards
   1. Trade Copiers
      Detection and restrictions may be enforced to prevent users from evading subscriptions, particularly those who lead and send signals to other traders who don’t pay. We might instead write an AFT trade copier and allow that—to get around it and to be honest, our trade copier would be far better (for AFT trading)! Can’t wait to do that; I have envisaged how I would use it and need it myself 😉
   2. Identity Proof to Stop Free Trial Abuse
      User account identity proof to stop free trial abuse may be enforced by Twilio or Stripe—this shows how bad it has got. We are investigating how to do this without becoming like a big brother regime, but again, there are some users with 10 email accounts who consistently abuse and use the system for free and don’t even give a review!

Price Comparison

We have introduced and polished the pricing model to make this accessible to all and competitive for all. For details, visit here: Pricing

The Future’s Bright!

Sorry about the pun, but we need to end this on a high note!

These measures are necessary to maintain a fair environment for all legitimate users, and we believe this is the right step forward. We look forward to working with sincere traders and improving the ecosystem for everyone by removing those who don’t respect it.

Sorry to the good traders and people who are affected by the bad players!

Best regards and happy trading!

Tom