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  • #4,121
  • Sep 27, 2021 11:22am Sep 27, 2021 11:22am
Quoting Vitore
{quote} How old are you? "Czechoslovakia" ceased to exist almost 30 years ago, just to put things right As for defending FTMO - I don't care about their origin. What I do care about however, is that MFF does not offer cTrader. For me, that's a deal breaker. Also, not sure how you came to the double price. 100k account is 499$ MFF and 632$ FTMO. That's only +27%, definitely not double. Considering the better profit split (90% vs 85%), more favorable daily DD buffer (can get several times bigger with FTMO compared to MFF) and the overal...
I just use both, this way instead of max 600K or 400K (before scaling, which MFF scales quicker) I can have 1 million max. Not sure why one needs to pick one over the other, you are not signing a non-compete.
  • #4,122
  • Sep 27, 2021 11:25am Sep 27, 2021 11:25am
Quoting Takisd
{quote} lol In 2 seconds i found their physical address 9131 Keele st. They have also told everyone this publicly 100 times. I have been paid by them multiple times. They also stopped the EA analysis stuff months ago other than for Rapid which is a demo account so makes sense. Cool talking points though, pull up details from 6 months ago and complain about them in a forum.
I found the address of that multi-tenant building mentioned twice for MMF in Google, one of them here in ForexFactory.
As for the EA, this is in their website.

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Follow your guts, if you want to lose your money...
  • #4,123
  • Sep 27, 2021 11:27am Sep 27, 2021 11:27am
Quoting pipmaster77
{quote} Yes, I've been getting paid since August, when I first got the account. 1st payment was monthly and 3 bi-weekly payments since.
That is nice then. Thank you for confirming.
Follow your guts, if you want to lose your money...
  • #4,124
  • Sep 27, 2021 11:31am Sep 27, 2021 11:31am
Quoting Takisd
{quote} Thats what I'm getting. But I can see FT is 0.7.... Perhaps he is confused.
Yes, must be confused with FT, I don't believe I've even seen EURUSD get up to 0.2 today, shit, GBPUSD is only 0.2-0.3.
  • #4,125
  • Sep 27, 2021 11:35am Sep 27, 2021 11:35am
Quoting Takisd
{quote} They just removed the hedging rule. They don't terminate people who are dollar averaging ... where you got that from? Its never been the case even before their boom. They warned people for news straddling for like a week then bam FOMC and everyone is crying about slippage during FOMC because of their straddles. But anyone with an IQ above 10 knows that straddling doesn't work. Arbitrage... FTMO banned that, so does MFF, FTMO doesn't let you trade 2 mins before or after news, MFF does... You can scalp, swing, martingale w/e with MFF. FTMO...
I got it from their Discord where many traders used complain about it but you're right its a few months old now. They were pretty restrictive about it in those days. I don't know what exactly their risk management is after nowadays, they may have discontinued some of the most meaningless restrictions, which is good.

However, I never liked the fact that whatever rules they use to have back then, they were never completely specified and documented. And that's a practice common to many other new(er) prop firms as well. FTMO on the other hand has always had everything transparent and clearly described so that you always knew exactly what you were allowed to do. If MFF improved since those times, good for them, but I simply don't trust that they would be absolutely transparent all of the sudden. It may be just my personal feeling, but based on experience I gained with them in the past.

Despite my negative past experience I was even considering MFF as my next prop firm until recently. With the recent FTMO improvements and MFF not implementing cTrader (still after 6+month of promising it) I now prefer FTMO. But I still consider both MFF and FTMO the 2 leading prop firms worth using.
Money is made by sitting, not trading
  • #4,126
  • Sep 27, 2021 11:39am Sep 27, 2021 11:39am
Quoting pipmaster77
{quote}Not sure why one needs to pick one over the other, you are not signing a non-compete.
cTrader
Money is made by sitting, not trading
  • #4,127
  • Sep 27, 2021 11:53am Sep 27, 2021 11:53am
Again, about MFF.

Their rapid consistency rule is interesting...
"A safe way to increase or decrease your risk parameters is to keep within +/- 200% of your average or deviation by a factor of 2. Two main KPI we use here are trades and lot size"

10 lots of EURUSD with SL at 10 pips distance (risk 1%). 1 lot of EURUSD with SL at 100 pips distance (1% risk).
Their criteria has nothing to do with risk, the risk is 1%. The maximum we can lose is $1000 in a $100000 account.
Follow your guts, if you want to lose your money...
  • #4,128
  • Edited Sep 28, 2021 12:25am Sep 27, 2021 12:02pm | Edited Sep 28, 2021 12:25am
Quoting JotaP
{quote} As for the EA, this is in their website. {image}
I was wondering if I'm required to disclose my IP. Based on what I received from MFF it's not required when one goes with Eval. program.

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  • #4,129
  • Sep 27, 2021 12:03pm Sep 27, 2021 12:03pm
Quoting JotaP
Again, about MFF. Their rapid consistency rule is interesting... "A safe way to increase or decrease your risk parameters is to keep within +/- 200% of your average or deviation by a factor of 2. Two main KPI we use here are trades and lot size" 10 lots of EURUSD with SL at 10 pips distance (risk 1%). 1 lot of EURUSD with SL at 100 pips distance (1% risk). Their criteria has nothing to do with risk, the risk is 1%. The maximum we can lose is $1000 in a $100000 account.
I thought they got rid of the silly consistency rules. Does that mean they still have it???
Forcing traders to follow lot or pip based limits has nothing to do with risk management. What's the point of forcing traders to use comparable lot sizes for all trades under various market conditions? That increases the risk more than the opposite
Money is made by sitting, not trading
  • #4,130
  • Sep 27, 2021 12:06pm Sep 27, 2021 12:06pm
Quoting Vitore
{quote} I thought they got rid of the silly consistency rules. Does that mean they still have it??? Forcing traders to follow lot or pip based limits has nothing to do with risk management. What's the point of forcing traders to use comparable lot sizes for all trades under various market conditions? That increases the risk more than the opposite
Man, when people comment it would be great if they knew what they were commenting on. 3 different models at MFF, Rapid, Accelerated and Evaluation. For comparison to FTMO, one only needs to look at the eval model. For comparison to 5%ers, CTI and such, look at accelerated. Rapid is what they started with over a year ago and I have no idea what the hell it even is.
  • #4,131
  • Sep 27, 2021 12:08pm Sep 27, 2021 12:08pm
Quoting pipmaster77
{quote} Man, when people comment it would be great if they knew what they were commenting on. 3 different models at MFF, Rapid, Accelerated and Evaluation. For comparison to FTMO, one only needs to look at the eval model. For comparison to 5%ers, CTI and such, look at accelerated. Rapid is what they started with over a year ago and I have no idea what the hell it even is.
Ok, I know they have more different models and thought the info was related to the evaluation. So all good, no consistency on their eval
Money is made by sitting, not trading
  • #4,132
  • Sep 27, 2021 12:16pm Sep 27, 2021 12:16pm
Above, I mentioned rapid consistency rule.
Of course, it is a filter to reduce people's odds of success, nothing new here, but call it "risk" is not a proper word.
Follow your guts, if you want to lose your money...
  • #4,133
  • Sep 27, 2021 12:28pm Sep 27, 2021 12:28pm
Quoting Vitore
{quote} I thought they got rid of the silly consistency rules. Does that mean they still have it??? Forcing traders to follow lot or pip based limits has nothing to do with risk management. What's the point of forcing traders to use comparable lot sizes for all trades under various market conditions? That increases the risk more than the opposite
Lol Calm down Vitore. It's as if the fact that they do not yet offer Ctrader makes you view everything else about them with some negative bias.

I think the Rapid model is garbage. I Once tried it out and got paid the measly 10% of my profits for the first two weeks before i crashed out trying to adhere to the position size consistency rule. I think i got fed up partly too.
But there are loads of MFF traders that swear by the Rapid model and prefer it to taking challenges even though they have to settle for these weird rules and the 10% bi-weekly bonuses.

Nonetheless, when comparing the Challenge models, i personally think MFF currently have the most pros than cons compared to all the firms available.

Still, FTMO is no.1 on my list because i'm sentimental.
  • #4,134
  • Sep 27, 2021 12:32pm Sep 27, 2021 12:32pm
Quoting JotaP
Above, I mentioned rapid consistency rule. Of course, it is a filter to reduce people's odds of success, nothing new here, but call it "risk" is not a proper word.
Actually, being funded with both FTMO and MFF, I would say MFF is definitely looking out for the success of their traders, where FTMO could care less. I believe the fees are a much larger component to FTMO revenue. So I guess, unless you're using both companies, you wouldn't be able to comment on that. As I said, I trade with both, they both serve me well, they pay on time and it affords the opportunity to trade 1 mil instead of 400K or 600K. I can basically reduce risk to bare minimum and just grind out 1-1.5% per week and live very, very comfortably.
  • #4,135
  • Sep 27, 2021 12:40pm Sep 27, 2021 12:40pm
Quoting pipmaster77
{quote} Actually, being funded with both FTMO and MFF, I would say MFF is definitely looking out for the success of their traders, where FTMO could care less. I believe the fees are a much larger component to FTMO revenue. So I guess, unless you're using both companies, you wouldn't be able to comment on that. As I said, I trade with both, they both serve me well, they pay on time and it affords the opportunity to trade 1 mil instead of 400K or 600K. I can basically reduce risk to bare minimum and just grind out 1-1.5% per week and live very, very...
If i may Pip, is 1-1.5% the minimum you target weekly or will you close up shop for the week once that target is met?
  • #4,136
  • Sep 27, 2021 12:47pm Sep 27, 2021 12:47pm
Quoting pipmaster77
{quote} Actually, being funded with both FTMO and MFF, I would say MFF is definitely looking out for the success of their traders, where FTMO could care less. I believe the fees are a much larger component to FTMO revenue. So I guess, unless you're using both companies, you wouldn't be able to comment on that. As I said, I trade with both, they both serve me well, they pay on time and it affords the opportunity to trade 1 mil instead of 400K or 600K. I can basically reduce risk to bare minimum and just grind out 1-1.5% per week and live very, very...
I would not question your satisfaction with MFF. It is a testimony. I am aware as well that lots of people are not happy with MFF. I am just clarifying things a bit.
But there is an important difference between FTMO and MFF. FTMO uses Absolute Drawdown, MFF uses Relative Drawdown.
Follow your guts, if you want to lose your money...
  • #4,137
  • Sep 27, 2021 12:52pm Sep 27, 2021 12:52pm
Quoting pipmaster77
{quote} Man, when people comment it would be great if they knew what they were commenting on. 3 different models at MFF, Rapid, Accelerated and Evaluation. For comparison to FTMO, one only needs to look at the eval model. For comparison to 5%ers, CTI and such, look at accelerated. Rapid is what they started with over a year ago and I have no idea what the hell it even is.
Agreed, so far MFF eval program has been insanely easy.
Trade with confidence, trade without fear.
  • #4,138
  • Sep 27, 2021 1:00pm Sep 27, 2021 1:00pm
About MFF again.

Actually this rule is in their website for the Evaluation Program:

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They say one thing when approached directly by email, they mention another on their website. In case of doubts, which version will be used? I can guess.
Follow your guts, if you want to lose your money...
  • #4,139
  • Sep 27, 2021 1:06pm Sep 27, 2021 1:06pm
Quoting JotaP
About MFF again. Actually this rule is in their website for the Evaluation Program: {image} They say one thing when approached directly by email, they mention another on their website. In case of doubts, which version will be used? I can guess.
Someone will have to try it
  • #4,140
  • Sep 27, 2021 1:12pm Sep 27, 2021 1:12pm
Quoting Koop
{quote} Lol Calm down Vitore. It's as if the fact that they do not yet offer Ctrader makes you view everything else about them with some negative bias. I think the Rapid model is garbage. I Once tried it out and got paid the measly 10% of my profits for the first two weeks before i crashed out trying to adhere to the position size consistency rule. I think i got fed up partly too. But there are loads of MFF traders that swear by the Rapid model and prefer it to taking challenges even though they have to settle for these weird rules and the 10% bi-weekly...
Well, this isn't about cTrader. As I said, I even considered them my first choice for some time and quite liked them overall. But I really dislike hidden rules, especially the consistency one. Irrespective of the prop firm. If FTMO ever introduces consistency or apply some new rule without making it public and documented first I'll be same critical about it here, maybe even more so. You can bet on it
Money is made by sitting, not trading
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