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  • #1,301
  • Edited 10:47pm May 25, 2021 10:08pm | Edited 10:47pm
Quoting Koop
{quote} I would call being content with 12.5% profit split on a paid prop firm account mediocre thinking. You supposedly make money for a firm and you think it's greedy to ask for a 50% or more share of the profits? Before you got your first pay out, how many accounts did you fail, reset or refresh? Did your first 10%/12.5% split cover the cost of all the accounts you've paid for? Because I know a solid 50-70% would. I wouldn't spend my money on prop firms if i was just looking for "pocket money".
well even they changed the rules so if you sign up now its flat 12% and no target for live accounts on raphid also fee is over 700 now i payed 450 i think and had reset off 330 on one off them...For me that obly old rules its a working progress making some money while heading towards "live" accounts so after this month i will make 15% and if i made 10% profit within thoose 3 months (3.33% a month ore max 3.5% that get transfered to "live")i get the "live" account with a much better split i think 50-70 and 85% on the "live" accounts and can still trade the demo for transfer off 3.5% a month to add to my "live" accounts...So for me without needing to gamble on a challenge i made 4.5% on one account and 1.2% on one,but the last where in some drawdown at start..So no i havent gotten back all the fee i payed yet,but will after next payout i guess...I will also get my initial fee back when getting the "live" accounts not a bad deal i think...Because if you spend 20 days on a challenge and failes the verification face its been all for NOTHING...They also removed monthly fees for all raphid accounts....And should i have a bad month within thoose 3 months i start over with no ekstra pay in fees....Maximum DD is 12% daily is 5%...I trade two 100k accounts so if i where to make 8% on each like a challenge i would get almost 2k payout with 12.5% as i have this month and that is a nice addition to my pension...MFF has been greate so far to me..Even i donth think theese funding models will be here for years to come...
Insanityoing same ting over expecting different results..Einstein
  • #1,302
  • May 25, 2021 10:45pm May 25, 2021 10:45pm
Quoting garfield75
{quote} I attended one of their session in person. Noted couple of comments made during the session. 1) "There is no guarantee you will be funded even if you meet the criteria" 2) No clear criteria on how or what triggers the move from 10K to 40K to 150K and so on. When asked the response was "We assess everyone individually"
That wreaks of indecision.

The trader may very well be left out in the cold after jumping through all the hoops just to be disappointed.

No thanks....

Masterrmind ........
Master your Mind then Master your Trades
  • #1,303
  • May 26, 2021 9:24am May 26, 2021 9:24am
My aggressive approach

For the past 6 days, 21.6k

This is after violation of account with soft strategy.
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Intraday only.
  • #1,304
  • May 26, 2021 11:52am May 26, 2021 11:52am
Quoting navk
My aggressive approach For the past 6 days, 21.6k This is after violation of account with soft strategy. {image} {image}

I can do that too. I think we all can once the pressure is off, Navk
  • #1,305
  • Edited 12:34pm May 26, 2021 12:21pm | Edited 12:34pm
Quoting Mtinifx
{quote} I can do that too. I think we all can once the pressure is off, Navk
That is the game, Pressure is the game.

I am practising that.

Want to do like a Robot.
Intraday only.
  • #1,306
  • May 26, 2021 1:10pm May 26, 2021 1:10pm
Quoting navk
{quote} That is the game, Pressure is the game. I am practising that. Want to do like a Robot.
will shadow boxing ever teach you how to take a punch properly?
Navk, you are wasting your time on the wrong thing.
drop that acct, at this point it wont teach you no lesson you would badly need to learn!
there is always, always another trade!!
  • #1,307
  • Edited 2:14pm May 26, 2021 2:02pm | Edited 2:14pm
Quoting profitfarmer
{quote} will shadow boxing ever teach you how to take a punch properly? Navk, you are wasting your time on the wrong thing. drop that acct, at this point it wont teach you no lesson you would badly need to learn!
no.

Intraday only.
  • #1,308
  • May 27, 2021 2:55am May 27, 2021 2:55am
Guys Funding Talent is apparently going the FTMO way and starting their own server. Some of the spreads below (courtesy of Facebook thread):
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  • #1,309
  • May 27, 2021 2:59am May 27, 2021 2:59am
ha..ha... going with aggressive strategy.

No daily limit violations today.
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Intraday only.
  • #1,310
  • Edited 10:19am May 27, 2021 7:52am | Edited 10:19am
Hey guys,

I am stopping this.

This is too much .....in a day ( today ) evaluation phase 1 target is met.

Violated loss limit in the initial 10 days, but Did not violate daily loss limit in the last 7 days .. I am happy with that. Total 19 days traded. Last 7 days all in profit, never vilated daily loss limit.

Now, will move on.
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Intraday only.
  • #1,311
  • May 27, 2021 8:02am May 27, 2021 8:02am
I was chatting with MFF.

He clarified :

"Any latency arbitrage trading will be cancelled,banned and not refunded Any tick scalping strategies will be cancelled,banned and not refunded Any copy trading of other persons signals if caught will be cancelled,banned and not refunded Any reverse arbitrage trading will be cancelled, banned and not refunded Any hedge arbitrage trading will be cancelled, banned and not refunded Any use of emulators will be cancelled, banned and not refunded "

The first and last point, I do not understand. Can someone pls. clarify pls ?
Intraday only.
  • #1,312
  • May 27, 2021 8:34am May 27, 2021 8:34am
Can anyone tell me how the Funding Talent spreads compare to FTMO?
I'm wondering if I should make a switch
  • #1,313
  • May 27, 2021 11:21am May 27, 2021 11:21am
Quoting navk
{quote} In the first place, initial 10 days, let me tell you, I violated the daily loss and max loss by soft strategy. Taking 3 lots...waiting...4 lots..taking wrong side...looking for 30 pips etc. This did not work. In the last 7 days, I traded for 7 to 10 pips. Sometimes for more pips. Aggressive strategy. Risk is same, 7 to 10 pips. It is 1 : 1 What i felt is that, I predict correctly, 7 to 20 pips clean move correctly. So take that with large lot sizes. My risk is 2 to 3 k $. For each basket of trades. If my risk is 10 pips, I trade those lots....
getting somewhere.
but 2 negative basket still would break the daily dd rule...a risk at start, and a risk at any point when you get confident.
a risk that is still too high, unless luck is on your side to get net 5 baskets without 2 losing one.
falling short you get a retake, breaking the rule you dont. a clear distinction.
when you have a few % cushion then is the time to go for the kill; you may be able to lose net 3 ( maybe 4) basket in a row, not 2.
gives you the best chance potentially ( unless decide poot gamble, but then it is better to have all on 1 basket from the start).
cheers

ps. cant give thumb up/down, but a thumb up for stop wasting time for a what-if demo that is irrelevant! took time to get there....but better late then never.

pps: few of you mentioned being interested AxiSelect/Psyquation the last time. tomorrow will open up comments on my Axi journal, for 1 week. so this is a heads up only, if there are questions...
there is always, always another trade!!
  • #1,314
  • May 27, 2021 1:57pm May 27, 2021 1:57pm
Quoting Dao-trades
Can anyone tell me how the Funding Talent spreads compare to FTMO? I'm wondering if I should make a switch
Depends what broker you chose with Funding Talent. Roboforex is the one most chose. I would say that the spreads are pretty much the same.
  • #1,315
  • May 27, 2021 10:38pm May 27, 2021 10:38pm
Quoting navk
I was chatting with MFF. He clarified : "Any latency arbitrage trading will be cancelled,banned and not refunded Any tick scalping strategies will be cancelled,banned and not refunded Any copy trading of other persons signals if caught will be cancelled,banned and not refunded Any reverse arbitrage trading will be cancelled, banned and not refunded Any hedge arbitrage trading will be cancelled, banned and not refunded Any use of emulators will be cancelled, banned and not refunded " The first and last point, I do not understand. Can someone pls....
MFF.....

No thanks.

Masterrmind ........
Master your Mind then Master your Trades
  • #1,316
  • May 28, 2021 12:29am May 28, 2021 12:29am
Quoting Masterrmind
{quote} MFF..... No thanks. Masterrmind ........
for me, first prefrence is FTMO.

Second is MFF.

MFF qualifies 1 x 100 k in my opinion.
Intraday only.
  • #1,317
  • Edited 12:44am May 28, 2021 12:31am | Edited 12:44am
MFF has stopped 2 % payment after 1 st phase and 4 % after phase 2.

However, on completion of both phases, they return fee paid + 12 %.

This will be paid along with first payout as funded trader.

Hi there,
Unfortunately we dont have that %2 of phase 1 and %4 of phase 2 payments anymore. However you still get %112 refund with your first live profit split.
Best Regards,
Intraday only.
  • #1,318
  • May 28, 2021 10:01am May 28, 2021 10:01am
Quoting navk
MFF has stopped 2 % payment after 1 st phase and 4 % after phase 2. However, on completion of both phases, they return fee paid + 12 %. This will be paid along with first payout as funded trader. Hi there, Unfortunately we dont have that %2 of phase 1 and %4 of phase 2 payments anymore. However you still get %112 refund with your first live profit split. Best Regards,
There is correction in my statement.

Though the chat guy said, no 2 % + 4 % is applicable for evaluation program, thier accounts team clarified as under :

Considering that our traders are eligible for a pay even during the evaluation, your first payout of 2% with respect to your profit in the Evaluation phase (Phase I) will be at the Establishment phase (Phase II).
Your Second payout with respect to your profits in the Establishment phase will be made in Phase III along with your refund & first withdrawal.

Further more I noticed MFF matrix updates in real time. This is good.
Intraday only.
  • #1,319
  • May 29, 2021 8:13am May 29, 2021 8:13am
Quoting navk
Hey guys, I am stopping this. This is too much .....in a day ( today ) evaluation phase 1 target is met. Violated loss limit in the initial 10 days, but Did not violate daily loss limit in the last 7 days .. I am happy with that. Total 19 days traded. Last 7 days all in profit, never vilated daily loss limit. Now, will move on. {image} {image}

Move on to where and to what?

I think this something we all should take on board (I saw this idea posted somewhere) - before starting any challenge one needs to have formulated a definite daily strategy. Have a daily stop out level. Maybe around 1% of the account. So let's say one is trading a $25k Funding Talent account, you would have a daily stop out once you've lost say $300. That applies to gains as well. So if you gain say $500 on the day and you lose $300 you're stopped out for the day. Come back again tomorrow and start all over again, same formula. The idea is to put a stop that emotional response to start chasing losses, increasing leverage, etc., all of which inevitably end up destroying one's account This means of course that you can afford around 7 bad days in a row before you're in danger of blowing the account. 7 bad days in a row is unlikely unless you have no idea what you're doing!
  • #1,320
  • May 29, 2021 8:21am May 29, 2021 8:21am
Quoting Mtinifx
{quote} Move on to where and to what? I think this something we all should take on board (I saw this idea posted somewhere) - before starting any challenge one needs to have formulated a definite daily strategy. Have a daily stop out level. Maybe around 1% of the account. So let's say one is trading a $25k Funding Talent account, you would have a daily stop out once you've lost say $300. That applies to gains as well. So if you gain say $500 on the day and you lose $300 you're stopped out for the day. Come back again...
Moving on to Real world.

Never feel tired in Real.

But let me tell you, I got tired on that day when I made 10 k in violated account.
Intraday only.
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