{quote} Its not though mate, you have to be at 75%+ for the "button" to appear. Less than 75%/ -6%, then you have to send them an email. It could have been a possibility that you could have started a new 30 days with a 5.5% head start. Although I shouldnt be having to use the word possibility, this is what we need to clear up.
{quote} I can confirm MFF gives you a one time extension regardless of the profit you are at. I have done it 3 times. Obviously, as it is a one ti me extension in lieu of unlimited free retries, if you are below 3-4%, decision needs to be extension or retry. It has been several months since I used the extension, so not sure if the rules have changed, but I do not recall seeing anything related to any certain profit level being required, FTMO is 50% profit required and they only give 14 days, MFF is 28 days. I know nothing about a "button" appearing...
{quote} Nope. Read the wording again from the post above. At least 6%. If I tagged $12000 in profit on a $200,000 challenge I would get an extension, no doubt about it based on their wording. In any case I'm not in that space now. New free challenge coming my way soon. Masterrmind .........
{quote} I can confirm MFF gives you a one time extension regardless of the profit you are at. I have done it 3 times. Obviously, as it is a one ti me extension in lieu of unlimited free retries, if you are below 3-4%, decision needs to be extension or retry. It has been several months since I used the extension, so not sure if the rules have changed, but I do not recall seeing anything related to any certain profit level being required, FTMO is 50% profit required and they only give 14 days, MFF is 28 days. I know nothing about a "button" appearing...
{quote} Sorry mate, bit confused with that. So your saying that....when you had 5.5% profit....then you Wouldnt qualify for an extension?
{quote} Not automatically. I would have had to request an extension via email with no guarantee that such an extension would be granted and if it was granted I would have no idea whether it was going to be 1 week, 2 weeks, 3 weeks or 4 weeks. Although based on the trading statistics at the time it was a very good record, risk control, leverage, time in trade, symbol used and when it was used etc etc. But that's all over now the account rests at +1.5% gain and that's it. Masterrmind ..........
{quote} But surely there is a way to determine which type of trading behaviour corresponds to to the length of the extension. There has to be a method that MFF are using, and if we know this we can plan in advance. Not all good traders will make 8% per month based on their average sensible trading methods......but thats not to say that the cant manipulate their risk based on the time and rules to make sure that they do pass. Mastermind is a good example, he went balls to the wall on the last day and will now have to settle for a free retry, where...
{quote} Not automatically. I would have had to request an extension via email with no guarantee that such an extension would be granted and if it was granted I would have no idea whether it was going to be 1 week, 2 weeks, 3 weeks or 4 weeks. Although based on the trading statistics at the time it was a very good record, risk control, leverage, time in trade, symbol used and when it was used etc etc. But that's all over now the account rests at +1.5% gain and that's it. Masterrmind ..........
And now, slightly less clarity. (Im assuming this guy is an MFF admin with the "dm is allowed" thing. But he could just be some random guy) {image} {image} {image}
{quote} I will be getting a free retake aswell next week mate. il put up a TE aswell when the new logins come through. Good luck
{quote} I don't think you could have done more in your attempt at reaching for the answer. He simply didn't know how the criteria is set or what determines it. I dislike grey areas. I will say this again, you do need a certain degree of good fortune to pass these challenges in the 30 calendar days. Next time if I don't hit the full target but get say 6% then I'll use the one time extension and hope for 4 weeks extra because that would be nice with only $4000 to make on a $200K account. Time will tell I guess. Masterrmind ............
{quote} I'm fairly confident looking at your TE, you would have received the 28 days. Sorry for the late imput, I'm in US and "slept in" until 5:30 am today. I wish they were way more active in their thread. These are extremely important issues being brought up
{quote} Very true about good fortune needed for 30 days, unless going heavier on the risk than one should. This has always been my "gray area", if the firms are looking for good traders, why the FORCED unnecessary risk? Then you have the no time limit firms, but they are a complete rip off when paying more for the fee than the loss they allow. Don't get me wrong here, I believe these challenge type models are a great way to boost one's capital, but two months is a much more realistic time frame for both the trader and the firm. I've always approached...
