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  • #801
  • May 1, 2021 12:24pm May 1, 2021 12:24pm
PERFORMANCE TARGET
A performance target of at least 10% has to be achieved during each performance cycle.
Example: If a trader has commenced trading on the 5th of a month, the target has to be achieved on the 5th of the next month, EOD (performance cycle).

from XL site
  • #802
  • May 1, 2021 12:26pm May 1, 2021 12:26pm
Also, XL, no daily loss limit, but the account total loss limit is 5%.
  • #803
  • May 1, 2021 1:02pm May 1, 2021 1:02pm
Quoting Rmg
{quote} Chill out Koop... {image}
Best answer ever

Best
Chriss
  • #804
  • Edited 2:02pm May 1, 2021 1:52pm | Edited 2:02pm
Quoting Koop
{quote} Lol not only are you always contradicting your self but you never fail to be dishonest. Did you just claim to have never referred to the FTMO challenge and the likes as "impossible "? adding that even industry professionals can't pass it? Search the word "impossible " on the FTMO thread and see the results Paula. First off, you imply SYO does not manually influence his trades and everything is done by automation. Do you know him/them personally or have any proof of that claim? Have you seen SYO or the big firms you love to reference in action?...
Very kind Koop! As always...

Quoting Koop
Did you just claim to have never referred to the FTMO challenge and the likes as "impossible "?
I wasn't referring to FTMO in that last post. I was answering to Tradista.


Relating to FTMO. Yes, I found the trading objectives and rules of the challenge and verification quite difficult to reach on a consistent way over the months and years. So, yes I find them impossible. In that context (looking for serious traders), I can repeat it again. And I say repeat because I have used that word in this context previously, exactly on March, 26: https://www.forexfactory.com/thread/...5#post13470795

By the way, you are obsessed with me and the word impossible, as we can see on March, 20 (prior any use from my side):
https://www.forexfactory.com/thread/...3#post13461293

I guess this word has an important commercial meaning that I'm not aware of.





Quoting Koop
First off, you imply SYO does not manually influence his trades and everything is done by automation. Do you know him/them personally or have any proof of that claim?
Have you seen SYO or the big firms you love to reference in action? What proof do you have that they don't manually get involved?
Rubbish claims.
That's what SYO claims. They provide automatic trading systems. I can't watch 24 hours a day what they are really doing. But, if they know how to automate their systems, I can't find a reason to operate manually. Why having to stay looking at charts?

Quoting Koop
Secondly, you say you don't comment about any one but almost every post you have made here has one reference or the other to "ftmo relatives" "those people" "that person", and subliminal references towards at least 4-5 people here, all the while quoting things said..
I don't comment on personal things. Like being a woman or not, being smart or not,... hey misogynist! got it now?

Quoting Koop
Lol oh and lastly Paula, no my friend, you don't know jack shite about trading.

I'm tired, I need psychological help to dig myself out this rabbit hole.

Matter of fact, Mastermindd, please Ban me from this thread if I ever respond to Paul's confrontational/argumentative/repetitive replies again
You may put me on ignore and your drama ends. After seeing your like to a post that asked for my ban, I know you don't want me here. I insist, you may click on ignore! Or are you in charge to discredit me at any time I mention something that is not good for FTMO? What's the strategy? I don't know about trading... I'm a woman... All I say is wrong... I lie...


You are always polluting any thread with insults, misogynistic comments, etc.

I don't want to talk about this type of things. So, please, you may put me on ignore.
Always ready to help
  • #805
  • Edited 7:28pm May 1, 2021 7:16pm | Edited 7:28pm
Quoting Koop
{quote} Interesting EA, is this how it trades consistently? Regarding results, how come more trades were triggered on FTMO? 9 trades is a large difference. We're you able to isolate the trades that weren't taken on Darwinex? We're they mostly losses? Thanks.
Hey Koop,

A bit of deeper digging analysis to break down the trades and result to compare apple to apple. My EA has inbuilt trade management for BE and trailing SL, overall account equity protection etc. so not counting the small/minor losses, 2 losses in FTMO 1) Cadchf on Wednesday and 2) USDJPY on Thursday are the reason for the difference in performance between two accounts.

Keen to see what happens next week, adding a third provider to the mix to compare.

Cheers
Garfield
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Trading is SIMPLE not EASY.
  • #806
  • May 1, 2021 7:26pm May 1, 2021 7:26pm
Quoting PaulMF
{quote} Interesting. I love this type of posts, where someone has made some research and shares it with us. Thanks Bear in mind that Darwinex is after traders and investors. It is a pure STP broker and is pretty interested on good performances that attract investors and succesful traders that attract also investors. Can we say the same about FTMO? One just have to read its challenges and verification objectives and rules to understand that getting traders and investors in not its main concern.
Thanks paul.
I don't know if FTMO is good or bad, doing my due diligence to see if it is worth pursuing. I have shortlisted around 12 from the first post to dig a bit deeper to see if they good to trade with or not. Darwinex is my benchmark, so they have to within 80% of the same performance/result to move to the next stage.

I will continue to post my results and finding here for everyone's benefit.

Cheers
Trading is SIMPLE not EASY.
  • #807
  • May 1, 2021 7:56pm May 1, 2021 7:56pm
Quoting garfield75
Sharing some info that may be helpful for traders thinking of getting into Prop trading challenges and subscriptions. Last week I traded my custom built EA on 2 separate accounts with same setting to see how it would perform (not copy trading from 1 account to many). Account 1 – Darwinex (Live). 13 Trades, 2.98% gain. 1.0% drawdown. Account 2 – FTMO Free Challenge (Demo). 22 trades, 1.62% gain. 1.75% drawdown. FTMO account has half of the gain with almost double the number of trades. Difference between them would be the price data from each broker....
I know several reasons why this has occurred but to understand it completely in your case requires a thorough analysis of every trade on both accounts to learn why more trades triggered via FTMO compared to Darwinex price feeds.

Price data between the 2 accounts is different.

EA not started at exact same time on both accounts.
Check EA logic.

Check wins versus losses on both accounts.

You would really need to look at open and close times of completed trades on a zoomed in chart to make detailed observations.

Certainly, the result via Darwinex appears quite good from a gain vs DD perspective but as always there will be several reasons for this occuring.

Feel free to post up some clear screenshots if you wish but if not that's perfectly fine.

Masterrmind .........
Master your Mind then Master your Trades
  • #808
  • May 2, 2021 11:49am May 2, 2021 11:49am
Does anyone know if MYFF have finally unveiled their direct/immediate funding program? I read that it was scheduled to drop by the end of April, but as always I can't find any related nfo on the website.
  • #809
  • May 2, 2021 12:52pm May 2, 2021 12:52pm
Quoting Koop
Does anyone know if MYFF have finally unveiled their direct/immediate funding program? I read that it was scheduled to drop by the end of April, but as always I can't find any related nfo on the website.
they post poned till may when they launch their new site.
  • #810
  • May 2, 2021 1:39pm May 2, 2021 1:39pm
Quoting PaulMF
I just said that I prefer 4% stop out level from starting balance than a relative daily drawdown of 5%. And I shared this example: Step 1: You have 2 accounts on The5ers and FTMO at the same time. Both with $10,000. Step 2: After several days you reach a balance of $15,000 in both accounts: FTMO and The5ers. Step 3: New trading day. The maximum possible loss allowed in both cases: - FTMO: $750 (relative to prior day balance) - The5ers: $5,400 (fix at stop out level of $9,600) 4% at stop out level is way better than 5% relative daily drawdown. The5ers...
PaulMF, if i been lucky one day and grew my account from 10.000 to 15.000. i would say "hey kids , we are gonna spend some joyfultime in MOA this weekend".
so my kids would be happily waiting and ofcourse i'm not gonna risk and throw out all my hard earnings on one single day ,and keep saying "sorry kids, next weekend".
so, different people, different views. some are here for trading, others for gambling.
  • #811
  • May 2, 2021 9:58pm May 2, 2021 9:58pm
Just had a chat with buoy trade... they are white label of FTMO, 100K eval is $298 and they are not giving 70% split...only catch is there is a 45 day eval to make 10% before the challenge and verification, so it's a 3 step process. Cool thing is if you're maxed at FTMO, you can still use them with the same feed as FTMO. Haven't done the math to see if the discounted price is worth the extra step. But 300K for $896???? Anyone using or considering them? They're new (late 2020), but white labeling FTMO makes me feel way more comfortable.
  • #812
  • May 3, 2021 1:19am May 3, 2021 1:19am
Quoting pipmaster77
Just had a chat with buoy trade... they are white label of FTMO, 100K eval is $298 and they are not giving 70% split...only catch is there is a 45 day eval to make 10% before the challenge and verification, so it's a 3 step process. Cool thing is if you're maxed at FTMO, you can still use them with the same feed as FTMO. Haven't done the math to see if the discounted price is worth the extra step. But 300K for $896???? Anyone using or considering them? They're new (late 2020), but white labeling FTMO makes me feel way more comfortable.
Hi pipmaster traderseed has offer the same opportunity cheek the out
  • #813
  • May 3, 2021 3:43am May 3, 2021 3:43am
Third Musketeer added to the mix. Will share the comparison result at the end of the week.
Attached Image
Trading is SIMPLE not EASY.
  • #814
  • May 3, 2021 8:33am May 3, 2021 8:33am
Now here's a cool cat guys. A real cool cat!


Inserted Video
  • #815
  • May 3, 2021 9:12am May 3, 2021 9:12am
Quoting Mtinifx
Now here's a cool cat guys. A real cool cat! https://www.youtube.com/watch?v=oGxpM1enlYw&t=189s
This guy, 've seen a couple of his FTMO challenge videos. Surprised to hear he's abandoned them... the news trading thing probably messed him up.
Lol dude just passed 3 challenges at the same time? Crazy!!. Starting with a 400k account.

Thepropfirm need to sit up and be as responsive and sharp as FTMO, if they can do that and also honour payouts without problems, they may gradually take over.
  • #816
  • May 3, 2021 9:51am May 3, 2021 9:51am
Hello,

can check bluFX, recently they amended some rules.
The scaling is very attractive for pro account which starts from 50k -> 100k -> 200k -> 1M
if you can meet 10% per month for 3 consecutive months. (fastest path i mean).
It is monthly fee based, but once you reached 1M, monthly fee will stop.

Inserted Video


Thanks
"The markets can remain irrational longer than you can remain solv
  • #817
  • May 3, 2021 9:59am May 3, 2021 9:59am
Quoting shyean
Hello, can check bluFX, recently they amended some rules. The scaling is very attractive for pro account which starts from 50k -> 100k -> 200k -> 1M if you can meet 10% per month for 3 consecutive months. (fastest path i mean). It is monthly fee based, but once you reached 1M, monthly fee will stop. https://www.youtube.com/watch?v=urry6hcEX_k Thanks

When you see the big AUM like 1 million, or 10 or 100 (bet on brains, what were you thinking). You have to check the leverage against it.

For example, if someone says "here is 1 million, with 1:10 leverage" it is a 100k account with 1:100. This means that the margin the provider is giving is actually 100k, and you are seeing a 1 mio account but only able to open trades the same size as a 100k account.

Its a nice little trick in the prop industry. use leverage to cover margin but provide a bigger account with lower leverage to the trader.

BluFX offer 1: 3 Leverage. (from their website). So none of these account sizes are actually true as blufx does not need to put up anywhere near the amount of money thats in the trading account to cover the positions.
  • #818
  • May 3, 2021 10:01am May 3, 2021 10:01am
Quoting shyean
Hello, can check bluFX, recently they amended some rules. The scaling is very attractive for pro account which starts from 50k -> 100k -> 200k -> 1M if you can meet 10% per month for 3 consecutive months. https://www.youtube.com/watch?v=urry6hcEX_k Thanks
If Blufx still offer a leverage of only 1:3, where you can't even open more than 3.7 lots at any given time on a friggin' $50,000 account, then they can shove it.
$50,000 + 1:3 lev = $150,000 margin
$500 + 1:300 Lev = $150,000

Withdrawals capped at 5% per month. Monthly subscription fees.

Lol no thank you.
  • #819
  • May 3, 2021 1:38pm May 3, 2021 1:38pm
Quoting Trader-IT
All right. Even if no one found me, I want to reveal the truth to you. PaulMF is my creature. I created it as an experiment. He is not a young or old. He's not even a man or a woman (or a weird mix of the two). He is an A.I. that I have planned and inserted in this Forum. The experiment consisted of verifying how a stupid set of bits could learn from their mistakes. My intention was that she understand his mistakes and learn from them to improve herself. He had to grow thanks to Your precious contribution in educating him. Instead the first thing...
OMG, I never ever know until today that FF can be hillariously funny!!!
Eccellente!!!

- X -
  • #820
  • May 3, 2021 3:09pm May 3, 2021 3:09pm
Quoting Takisd
{quote} When you see the big AUM like 1 million, or 10 or 100 (bet on brains, what were you thinking). You have to check the leverage against it. For example, if someone says "here is 1 million, with 1:10 leverage" it is a 100k account with 1:100. This means that the margin the provider is giving is actually 100k, and you are seeing a 1 mio account but only able to open trades the same size as a 100k account. Its a nice little trick in the prop industry. use leverage to cover margin but provide a bigger account with lower leverage to the trader....

Quoting Koop
{quote} If Blufx still offer a leverage of only 1:3, where you can't even open more than 3.7 lots at any given time on a friggin' $50,000 account, then they can shove it. $50,000 + 1:3 lev = $150,000 margin $500 + 1:300 Lev = $150,000 Withdrawals capped at 5% per month. Monthly subscription fees. Lol no thank you.

Those are the kind of things that I have been saying on at least one particular funder's thread and I've been getting chewed up for it many times.
There is apparently a market for this and has some very staunch believers thinking that it's the right thing to do by the funders and there are benefits to it.

Some people need to hear lies. Fleetwood Mac even sang a song about it: Tell me lies, tell me sweet little lies Tell me lies
Tell me, tell me lies.
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