- Search Metals Mine
- pipmaster77 replied May 22, 2021
Yes, exactly my point, you are not going to use the 1:50 and if you are using 1:8 or 1:9 with a 5% DD, you are probably not going to open another trade until you have that one locked at BE. That's where the higher leverage would definitely be an ...
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- pipmaster77 replied May 22, 2021
Yes, never did understand why someone would choose that model with MFF or FTMO.
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- pipmaster77 replied May 22, 2021
I've done some math for everyone to demonstrate the difference between eval and live on the MFF. Going to compare the 200K eval vs the 20K live conventional as they are approx the same cost. 949 vs 970. 1st "stage" requires 8% on eval, which pays ...
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- pipmaster77 replied May 22, 2021
Right, but my point is if you are actually going to use the 50:1, you are done with a 10 pip move against you. That's what I mean by irrelevant, it's still all about the DD. You simply can only lose so much, so you must adjust your leverage to ...
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- pipmaster77 replied May 22, 2021
Yes, I just feel the eval/challenge model is so much more superior. $499 for 12 K DD, and then you're funded at 100K , still with 12 % DD and 75/80/85% split. They are even paying, 2% and 4% on eval and verification, so $160 and $200, which equates ...
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- pipmaster77 replied May 22, 2021
When I have a couple of hours I can't find anything else to do with, I will post a spreadsheet. Actually someone else already has, for CTI, though, but same concept.
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- pipmaster77 replied May 22, 2021
Ah, no math rebuttal after stage 3? Correct, as there isn't one. Actually, my initial statement is the "fee" would be better in a personal account. I have proven, over and over again, after stage 3, personal account blows the 5%ers account away from ...
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- pipmaster77 replied May 22, 2021
Ok, now do the math through stage 3, they've now collected 4680, new DD is 4160. It just gets worse from there. You see after the initial 4x, it only doubles from that point. But, hey, spin it however you see fit.
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- pipmaster77 replied May 22, 2021
Just to clarify, I like MFF. I am doing a 100K eval right now and plan on maxing whatever they allow on THAT MODEL. Will trade it alongside my 200K FTMO. I just feel like these other models are an absolute "play on numbers" and very deceiving as I ...
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- pipmaster77 replied May 22, 2021
Leverage is irrelevant, if you max out the leverage on either model, you have a 10 pip stop loss before violating. The DD is the factor, and once again you will be reduced to trading sizes you can accomplish on your own.
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- pipmaster77 replied May 22, 2021
They are not taking a leap of faith if they have you on live from the get go. They made 50% of your profits on stage 1 plus your fee. Not quite equal to the new DD, but close enough. If you pass stage 2, from that point you are an ATM for them as ...
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- pipmaster77 replied May 22, 2021
Which brings up the point, there is absolutely 0 benefit to the trader with these models. I have 100% of my personal account which will allow the same size positions as the prop firm. Doesn't matter the leverage they are offering, 50:1 with 5% DD ...
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- pipmaster77 replied May 21, 2021
What I like about Dukas is it provides latest, 6 hours ago, 1 day ago and 5 days ago, so you can see the shift (if any) as well. Yes, using multiple brokers definitely the way to go.
Market Structure Only- keep your charts clean
- pipmaster77 replied May 21, 2021
Right, I trade weekly pivots and I use sentiment for confirmation mostly. For example, if I'm looking for a reversal say on a 61 or 78 pivot, but PA and sentiment say otherwise, it will either a. keep me out of a bad trade or b. I'll go with the PA ...
Market Structure Only- keep your charts clean
- pipmaster77 replied May 21, 2021
Also, keep in mind, if you are using a MM broker, and part of that model is B-booking...what stops them from skewing the data. They will do whatever it takes to get you on the wrong side. TRUST NOBODY!!! lol
Market Structure Only- keep your charts clean
- pipmaster77 replied May 21, 2021
Nice catch, Expo. I guess since the FTMO thread has become dormant, he's checking to see what everyone is up to?
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- pipmaster77 replied May 21, 2021
Yes, stock market opened. US30 up 100+ in 5 minutes. Meant to quote snail.
Market Structure Only- keep your charts clean
- pipmaster77 replied May 21, 2021
Here is a great tool from Dukascopy. Not sure which broker data you are using for sentiment. url
Market Structure Only- keep your charts clean
- pipmaster77 replied May 21, 2021
Yes, I guess these models are just not for me. I much prefer the 30 day challenge, pass and have 10-12% DD. Just as you state why would anyone think they can get funding the same day, my thought is why would I pay a fee that I can just drop in a ...
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