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  • #2,021
  • Jul 4, 2021 1:43am Jul 4, 2021 1:43am
Quoting Simply-Me
{quote} MM I agree with you and I'm using advantage of 1:500 leverage on ma real accounts,where I don't have to keep my all capital in broker ,like pipmaster77 mentioned and very often my margin level runs close to 100%,but I'm always ready put more capital if needed. This strategy in not applicable with prop firms and with their daily and overall drawn down rules and don't see much room to use of higher leverage.
Same here.

I'm afforded leverage of up to 1:500 on any of my live personal FX accounts.

Often I trade them at 'higher risk' and may use some of the gained profit to pay for additional challenges at any Prop Firm I choose.

Higher leverage as we all know is a double edged sword but I enjoy what is offers me in my currency/cfd trading.

Stocks on the other hand well that's a very different story.

Masterrmind...........
Master your Mind then Master your Trades
  • #2,022
  • Jul 4, 2021 2:47am Jul 4, 2021 2:47am
Quoting BWilliam
{quote} I doubt anyone can pass the 3 step challenge. If anyone pass the challenge, post here. You must be the top 0.1% trader. Such trader has no problem making big money(50k and more a month) from MFF and FTMO, giving a combined $700k max funding before scaling.
Yes. I also said something similar regarding another firm who requires 3 straight stages of completed profit targets. I think this one even had a time constraint unlike 5ers.
Any one who can complete these requirements are is a great trader by any standard and the firms would be utterly stupid not to put real money behind such traders.

It's much more tasking than other challenges but the free initial offer makes it worth the shot if one has the time to spend.
  • #2,023
  • Jul 4, 2021 8:40am Jul 4, 2021 8:40am
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  • #2,024
  • Jul 4, 2021 9:04am Jul 4, 2021 9:04am
have anyone read, or tried MFF ACCELERATED /EMPHATIC PLAN?
it does not have any stages, although is 50/50 share but i think its better off

the company said no rules except DD, but trade anyhow you want
  • #2,025
  • Jul 4, 2021 9:16am Jul 4, 2021 9:16am
Quoting obobinde
Hi Wileyy, I signed up with Luxtrading. Beware of the 4% relative drawdown but otherwise the spread are around one point, usually less. It's perfect for me. I still think MT4 is not ideal for scalping but I've downloaded an EA which automatically sets my SL according to the risk percentage of my liking. For now 0.25%. I'll let you know how it goes.
Hey Obobinde,
Good luck on your journey. Took a brief look at Lux and seems like it'll take serious commitment with worthwhile prize at the end. For me, and I maybe shortsighted on this but, I'm drawn to these mt4 props cos of the refundable fees. The parameters seem passable especially sans the trailing dd used by most futures props and then just have a free run at it. I'm gonna give MFF a run and see if the trading costs(spread+commish) is workable for me.
  • #2,026
  • Edited 10:20am Jul 4, 2021 10:03am | Edited 10:20am
Quoting Samalin
have anyone read, or tried MFF ACCELERATED /EMPHATIC PLAN? it does not have any stages, although is 50/50 share but i think its better off the company said no rules except DD, but trade anyhow you want
Yes, I am doing it and it is really good in terms of spreads and slippage!
The only thing that I am not so hot about is I have to close positions over the weekend,
if you are a day trader you are ok
Also they only let you hedge 2 pairs at a time, that is a strange rule for me but they say
that a lot of losing traders are left with open hedge positions, it is obvious they are looking
at the bottom 90%
Those who don't believe in magic will never find it
  • #2,027
  • Jul 4, 2021 11:18am Jul 4, 2021 11:18am
Quoting obobinde
Hi Wileyy, I signed up with Luxtrading. Beware of the 4% relative drawdown but otherwise the spread are around one point, usually less. It's perfect for me. I still think MT4 is not ideal for scalping but I've downloaded an EA which automatically sets my SL according to the risk percentage of my liking. For now 0.25%. I'll let you know how it goes.
hi, I read that you have to place a stoploss BEFORE you take a position …!?
which EA you use ?
  • #2,028
  • Jul 4, 2021 11:22am Jul 4, 2021 11:22am
If a company offers big Crypto leverage and allows you to pass faster than the 10 days.. I think that yoloing BTC trades is the way of the future to pass such an eval.

Personally, I think that people shouldn't be able to coast the 10 day minimums at any firm, as it proves nothing, but I also thinks that companies without some sort of min time frame are silly. So, might as well put your money in and spin that roulette wheel.

Crypto with high leverage is so obscene, keep a stop tight, and yolo to victory.
  • #2,029
  • Jul 4, 2021 12:33pm Jul 4, 2021 12:33pm
hi, anyone knows about a prop firm - other than FTMO, EnFoid, or Fidelcrest - offering cTrader for funded account trading?
Money is made by sitting, not trading
  • #2,030
  • Jul 4, 2021 2:30pm Jul 4, 2021 2:30pm
Quoting Vitore
hi, anyone knows about a prop firm - other than FTMO, EnFoid, or Fidelcrest - offering cTrader for funded account trading?
Why would you go for cTrader?
Whether you think you can, or you think you can't,you're right. H.F.
  • #2,031
  • Jul 4, 2021 4:53pm Jul 4, 2021 4:53pm
Quoting Simply-Me
Why would you go for cTrader?
I have been using it for many years and have all my stuff developed and optimized there. Besides, I like it much better than MT4/5
Money is made by sitting, not trading
  • #2,032
  • Jul 4, 2021 5:06pm Jul 4, 2021 5:06pm
Quoting Vitore
{quote} I have been using it for many years and have all my stuff developed and optimized there. Besides, I like it much better than MT4/5
And are you able to run cTrader for more brokers and more accounts,lets say 5, simultaneously?
Whether you think you can, or you think you can't,you're right. H.F.
  • #2,033
  • Jul 4, 2021 5:12pm Jul 4, 2021 5:12pm
Quoting Simply-Me
And are you able to run cTrader for more brokers and more accounts,lets say 5, simultaneously?
yes i am, but why is it important?
Money is made by sitting, not trading
  • #2,034
  • Jul 4, 2021 5:20pm Jul 4, 2021 5:20pm
Quoting Vitore
{quote} yes i am, but why is it important?
Because I'm running now 6 live account + 2 challenges and I'll be adding another,so I'm asking.
Whether you think you can, or you think you can't,you're right. H.F.
  • #2,035
  • Jul 4, 2021 5:28pm Jul 4, 2021 5:28pm
Quoting Simply-Me
Because I'm running now 6 live account + 2 challenges and I'll be adding another,so I'm asking.
Why so many accounts? Why don't you merge them or use a copy service? Or is each of them with different prop firm?
Money is made by sitting, not trading
  • #2,036
  • Jul 4, 2021 5:30pm Jul 4, 2021 5:30pm
Quoting Vitore
{quote} yes i am, but why is it important?
which trade copier do you use ?
  • #2,037
  • Jul 4, 2021 5:31pm Jul 4, 2021 5:31pm
Quoting Saxio
{quote} which trade copier do you use ?
I don't use any
Money is made by sitting, not trading
  • #2,038
  • Jul 4, 2021 5:33pm Jul 4, 2021 5:33pm
Quoting PayTheBid
{quote} Yes, I am doing it and it is really good in terms of spreads and slippage! The only thing that I am not so hot about is I have to close positions over the weekend, if you are a day trader you are ok Also they only let you hedge 2 pairs at a time, that is a strange rule for me but they say that a lot of losing traders are left with open hedge positions, it is obvious they are looking at the bottom 90%
thanks for sharing i dont know about the weekend condition, i thought dey said any strategy
please which of their broker you use fxpig?
  • #2,039
  • Jul 4, 2021 5:46pm Jul 4, 2021 5:46pm
Quoting Vitore
{quote} Why so many accounts? Why don't you merge them or use a copy service? Or is each of them with different prop firm?

Reasons are not important.They might be investors accounts or just capital divided among more brokers for security reason etc etc.
Those are real accounts. I'm just working on prop accounts now,2 challenges with 2 firms.Copy services will be next stage.I still manage manually.
I use MT4/5 only to place and close trades.All my charting are done on tradingview and xtb xstation.
Whether you think you can, or you think you can't,you're right. H.F.
  • #2,040
  • Jul 4, 2021 7:14pm Jul 4, 2021 7:14pm
People wrongly confuse between Live personal account trading with a 10k account and Prop funded account 100k

In a personal account , with 1 : 500 leverage, one needs to trade in a copy book style, meaning, if you loose 500 dollar, you must make more than 500 dollar to survive long term.

In a prop funded account having 100k fund, one may risk upto 5 % ( though not preferable, but preferably can see a floating loss of upto 3000 dollar) to make just 500 to 1000 dollar on a dialy basis.

This is why I stated intraday trading or scalping is the best strategy to win long term in a funded account.

If this is maintained in a longer run, this is enough to survive and make money long term.
Intraday only.
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