Question... With MFF & FTMO if you get an extension but still don't hit 8%/10% targets, however you also don't violate 5% daily or 10%/12% draw down limits and end with positive balance... can you still get free retakes?

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It depends on your system. 30:1 might not be enough for smaller stop or multiple simultaneous open trade systems. personally, I need more than 30:1 in phase 1 for my smallest sl position size @ higher risk, but in phase 2 and live @ lower risk 30:1 ...

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Out of 100 31% passed phase 1, out of those 31 14% passed phase 2 = 4.3 out of 100 passed both phase 1 & 2.

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MFF posted their Feb stats.... MyForexFunds February Statistics Are Here! | My Forex Funds 4% of those who took the evaluation were able to pass both phases 6 of their long term traders (8 or more payouts) lost their accounts in Feb. Back in Dec ...

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The direct funding models ONLY work if you're in a regulated market with leverage restrictions + you refuse to consider offshore trading + your stop size is <20 pips requiring a position size you could not trade restricted to 30-50:1 leverage. Other ...

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ok that seem reasonable for the Dow... 20-30 Dow mini, 30-40 Nas mini & 100-150 S&P mini contracts are routine futures wise no more than 3-4 levels deep during UK/US session.

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I believe this is a major unstated reason a lot of noob traders that have never traded live with >mid 5 figure accounts quickly go up in flames once live... the realities of what is actually possible in real markets slaps them across the face.... ...

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To the 300-600K funded FTMO & MFF guys trading FX & indices... liquidity is not infinite especially in retail FX, so what kind of position sizes are you filling on live accounts, and what kind of slippage in & out have you personally experienced?

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@ pipmaster You mentioned you only use 1.5:1 leverage and have routinely hit 10% in a month to pass 6 challenges?!?!?... How is this possible? Are your stops massive + you have a ton of trades per day or did you mean 1.5:1 win to loss?

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Are you guys that did the 5%ers summer deal still grinding away?

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I will say this about the accredited/rapid/direct payment plans... I think the one scenario where they could be more rewarding than dumping the fee in a personal account is if you reside in a regulated jurisdiction (Can/EU/UK/US/Japan ect) limited ...

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A lot of people get hyped up by social media, they see the highlighted massive payout interviews on youtube and they jump in without a plan and no risk management strategy. The challenge model also encourages over risking because gaining 8%-10% in a ...

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It was a reputable but smaller retail offshore broker. Before US FX regulations hit defcon 3 in 09 in the US, I had access to a tier 2 prime aggregated order book (ebs, hotspot + a couple single banks) when the cost of entry was significantly ...

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If i'm understanding you correctly, if the broker or LP is B booking >10M with minimal slippage is possible? I've been slipped on a 3M ticket in USD/JPY... so the other poster saying 100M was possible in crosses with no slippage is news to me.

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So you're saying one could fill 100M in CAD/CHF with no slippage... have you ever traded with any size?

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Fair enough, I don't trade crosses but I do trade the major USD pairs including aud, cad & nzd.

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I fully expect slippage on a consistent basis with size managing 500K-1M capital, however if it's 1-3 pips in and out consistently it could be highly problematic.

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1st post... long time lurker Read entire thread over a few days, very informative. Takisd, You seem to be very knowledgeable on the broker side of things. For a system with tighter stops in the 6-20 pip range @ 1% risk per, would liquidity be a long ...

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