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  • #5,421
  • Nov 12, 2021 6:40am Nov 12, 2021 6:40am
Quoting Koop
{quote} No you ignorant dweeb, it's simply a growing business adjusting it's terms and conditions as it continues to gather new information. If you run a business and notice that there may be some loop holes which unscrupulous customers continue to exploit, you do realize that it would be incredibly stupid of you not to plug them? Even if no one were to actually be exploiting this bonus thing, I don't see anything wrong with the firm adjusting the offer in a way they see fit and more reasonable. Stop whining around Paula. Btw, is there any way to...
Not really Koop.

All I can do is limit posters via ignored or by impact Diamond color.

I'll start putting some of these disruptive posters on the sidelines very soon.

Masterrmind ..........
Master your Mind then Master your Trades
  • #5,422
  • Nov 12, 2021 6:42am Nov 12, 2021 6:42am
Quoting CableJ
To the 300-600K funded FTMO & MFF guys trading FX & indices... liquidity is not infinite especially in retail FX, so what kind of position sizes are you filling on live accounts, and what kind of slippage in & out have you personally experienced?

I am clicking 100 contracts (10 futures) on DOW (on each 200k account) and I get some slippage but my strategy doesn't die if I get slipped because I'm stupid but not that stupid.

Don't need more than $100 per tick. I suspect if you went up to 300-500 the slippage would be pretty obscene.
  • #5,423
  • Nov 12, 2021 6:46am Nov 12, 2021 6:46am
Quoting JotaP
{quote} There is lot of room for improvement, namely in limiting their arbitrary discretionary judgements.
Jose with all due respect I do not think you are being fair with MFF. I have been with them for over 5 months and they have gone beyond
what I would ever imagine in trying to solve any issue or question I had.
I am also signed up with other firms but non come even close to the service I was provided from MFF.
Are they perfect, no,(for me yes), but who is? Any company that is growing in such a pace they will
most of the time play catch up, no business over stuffs so there always going to be small issues
till they adapt to the new level.
But common let's be logical and fair !
Those who don't believe in magic will never find it
  • #5,424
  • Nov 12, 2021 6:48am Nov 12, 2021 6:48am
Quoting Masterrmind
{quote} Members have always been welcome to voice their opinions provided such opinions are inline with the purpose of this thread. Post 1 outlines the purpose. I view your comments as being rather disruptive to the main purpose of the thread. I suggest you read and re-read members recent posts as they contain many gems. Masterrmind ..........

MM, you need to start policing this thread. Its becoming troll brigade. We actively disclose who has scammed us and reviewing all the firms and contribute constructively to this thread. They are not. You need to remove the ones who are not.
  • #5,425
  • Nov 12, 2021 6:51am Nov 12, 2021 6:51am
Quoting JotaP
{quote} I know the kind of people that believe are very smart and logical in their assertions. Many of them, usually the dumbest ones, can't resist to verbally call the others stupid or ignorant. Make a note. 1) Firms can only provide better service when users demand it, not when users are subservient to them. 2) MFF has all ingredients to fail in the short-term, we are already seeing red flags. 3) FTMO, as the market leader, may keep going. But users must demand more and more from them.
Your argument is exceedingly vague as there is no coherent thread of logic that binds your statements. Business ventures rise and some collapse, and for a good many it is not necessarily from the fact that they possess all the ingredients of failure as you claim. Many collapse from legal lapses, some collapse after the goal of setting up the venture has been achieved, some collapse when a partner leaves.... Do I need to school you on the various reasons businesses collapse and why administrative problems which all ventures must face do not always equate to liquidation?

I am in no way recommending any prop firm but going about sending false alarm in a bid to dent the image of the organisation in addition to denying the company in question the right to stabilise their operations after reasonable time is ludicrous. Something I have found you excel at in flying colours.
Fred
  • #5,426
  • Nov 12, 2021 6:53am Nov 12, 2021 6:53am
Quoting JotaP
{quote} You have to answer this sort of atypical questions that never crossed my mind. PS: Your English is too bad for someone from the UK. Can you do better?
Ad hominem? Really? The best you can come up with in response?
Fred
  • #5,427
  • Nov 12, 2021 6:54am Nov 12, 2021 6:54am
Quoting JotaP
{quote} I have not seen any profitable trader, the only one that posts Trade Explorers based on Prop Firm is me. I am not using bots either. Capisce, clown?
Incorrect.

Several traders here have posted TE's with challenge or verification or funded accounts, you obviously weren't following the thread very closely.

The fact that such TE's are not visible now is due to the traders choice to show or hide it at any time without ridicule from others.

I suggest you drop the arrogance you carry by stating that you are the only one.

You are now on the sidelines.

Best of luck with your trading,

Masterrmind .........
Master your Mind then Master your Trades
  • #5,428
  • Nov 12, 2021 6:59am Nov 12, 2021 6:59am
Quoting Takisd
{quote} MM, you need to start policing this thread. Its becoming troll brigade. We actively disclose who has scammed us and reviewing all the firms and contribute constructively to this thread. They are not. You need to remove the ones who are not.
A big thanks to the primary contributors of this thread.

Thinning out process has commenced, although I tend to be very patient with disrupters by allowing them to run their course, unfortunately some of them have not taken the hint.

Sidelines will be their fate.

Masterrmind ........
Master your Mind then Master your Trades
  • #5,429
  • Nov 12, 2021 7:01am Nov 12, 2021 7:01am
Quoting Chronus
{quote} Your argument is exceedingly vague as there is no coherent thread of logic that binds your statements. Business ventures rise and some collapse, and for a good many it is not necessarily from the fact that they possess all the ingredients of failure as you claim. Many collapse from legal lapses, some collapse after the goal of setting up the venture has been achieved, some collapse when a partner leaves.... Do I need to school you on the various reasons businesses collapse and why administrative problems which all ventures must face do not...
I've rested the chap Chronus.

Masterrmind .........
Master your Mind then Master your Trades
  • #5,430
  • Nov 12, 2021 7:07am Nov 12, 2021 7:07am
Quoting profitfarmer
{quote} "Funded trading" you refer to, is pretty much demo environment. Comes to live trading, 5-10 lots a click, and you will notice some changes in execution: more slippage. Go over 20 lots, a definitive. For one I am surprised that any and all these so called props allow 100 lot a click on demo, would be suicidal if really copied to live. A 2 pips slippage would literally mean half DD limit used up...now imagine that on a pair already have a wider spread to start with... And naive to think such slippage doesn't happen for real on an entry, especially...
I believe this is a major unstated reason a lot of noob traders that have never traded live with >mid 5 figure accounts quickly go up in flames once live... the realities of what is actually possible in real markets slaps them across the face.... especially the SMC 1-2 pip sl guys! What does a 200K account + 2 pip sl + 2-4% trade risk position size look like and how do you actually fill that live without your actual sl turning into 6 pips due to in/out slippage.
  • #5,431
  • Nov 12, 2021 7:09am Nov 12, 2021 7:09am
Quoting CableJ
{quote} I believe this is a major unstated reason a lot of noob traders that have never traded live with >mid 5 figure accounts quickly go up in flames once live... the realities of what is actually possible in real markets slaps them across the face.... especially the SMC 1-2 pip sl guys! What does a 200K account + 2 pip sl + 2-4% trade risk position size look like and how do you actually fill that live without your actual sl turning into 6 pips roundturn.

Those 1-2 pip SL guys are mega failures on any account with size because of slippage. No way is it a valid trading strategy, its why people have to teach it to make money not trade it.
  • #5,432
  • Nov 12, 2021 7:15am Nov 12, 2021 7:15am
Quoting Takisd
{quote} I am clicking 100 contracts (10 futures) on DOW (on each 200k account) and I get some slippage but my strategy doesn't die if I get slipped because I'm stupid but not that stupid. Don't need more than $100 per tick. I suspect if you went up to 300-500 the slippage would be pretty obscene.
ok that seem reasonable for the Dow... 20-30 Dow mini, 30-40 Nas mini & 100-150 S&P mini contracts are routine futures wise no more than 3-4 levels deep during UK/US session.
  • #5,433
  • Nov 12, 2021 7:19am Nov 12, 2021 7:19am
Quoting JotaP
{quote} I know the kind of people that believe are very smart and logical in their assertions. Many of them, usually the dumbest ones, can't resist to verbally call the others stupid or ignorant. Make a note. 1) Firms can only provide better service when users demand it, not when users are subservient to them. 2) MFF has all ingredients to fail in the short-term, we are already seeing red flags. 3) FTMO, as the market leader, may keep going. But users must demand more and more from them.
And what exactly are these ingredients? We have yet to encounter anyone who's had genuine payout issues.
  • #5,434
  • Nov 12, 2021 7:24am Nov 12, 2021 7:24am
Quoting JotaP
Not here to defend FTMO or MFF, they are not models, are simply the least bad. Most of the others are just unscrupulous smartass individuals and firms ready to take advantage of the fact that most traders are suckers (probably more than 95%). Although some people choose to be subservient and believe in fairytales, the only way is put these individuals/firms out of business ASAP by exposing them.

  • #5,435
  • Nov 12, 2021 7:32am Nov 12, 2021 7:32am
Quoting Masterrmind
{quote} I've rested the chap Chronus. Masterrmind .........
Well done, Masterrmind. I had been itching to hear that. Thanks for doing the needful.
Fred
  • #5,436
  • Nov 12, 2021 7:41am Nov 12, 2021 7:41am
Quoting Koop
{quote} Lol No They're not. Easy way to spot the TCF WLs right now is to look out for any firm currently announcing the removal of manual/secondary risk reviews. So that's Blue Edge, Ultra capital and The Funded Academy... and one other i can't remember. Btw MtiniFx, Best to go with MFF for now. If you're going to gamble/attempt challenges with any of these other "nobodies", might as well take your mind off the money, go for the lowest possible account offers and keep expectations low.
Thanks bud. Yes you're right of course. I should have gone for the 10k option just to try them out. Anyway you live and learn

You still with TCF? I have been looking closely at their OTF instant funding plan and it all checked out except for one thing. They offer capital growth which is obviously the big thing because one needs to grow the account balance to have a larger DD limit and of course the possibility of making much bigger profits (they offer 60/40 split). However the BIG problem is that if you want the capital growth you can't withdraw the target profits!!

Their evaluation is probably a much better deal but again they have these nasty little rules to knock people out. I was on their Telegram channel and one poor blighter has lost his account because he apparently "used martingale". Of course martingale is banned by a few prop firms but their (TCF'S) interpretation of "martingale" is totally different. If you open a new trade position in the same direction of any existing trade and it is of ANY bigger size then that's martingale in their view and you're OUT

So, right now there truly are only two options. Myff and FTMO. As I don't like Myff's trading conditions on Indices it leaves me with only one option.....
  • #5,437
  • Nov 12, 2021 7:50am Nov 12, 2021 7:50am
Quoting Mtinifx
{quote} Thanks bud. Yes you're right of course. I should have gone for the 10k option just to try them out. Anyway you live and learn You still with TCF? I have been looking closely at their OTF instant funding plan and it all checked out except for one thing. They offer capital growth which is obviously the big thing because one needs to grow the account balance to have a larger DD limit and of course the possibility of making much bigger profits (they offer 60/40 split). However the BIG problem is that if you want the capital...
Yes, that "SCALE OR WITHDRAWAL" but not both keeps me away from all TCF and their white labels. Well, that and the shitty split, the fact they can have their"risk" team kick you out for whatever reason,etc etc. One system I use is a pivot system with many small orders, I'm sure anytime you add when another position is losing would be considered martingale in their eyes, when clearly it is not.
  • #5,438
  • Nov 12, 2021 7:53am Nov 12, 2021 7:53am
Quoting Mtinifx
{quote} Thanks bud. Yes you're right of course. I should have gone for the 10k option just to try them out. Anyway you live and learn You still with TCF? I have been looking closely at their OTF instant funding plan and it all checked out except for one thing. They offer capital growth which is obviously the big thing because one needs to grow the account balance to have a larger DD limit and of course the possibility of making much bigger profits (they offer 60/40 split). However the BIG problem is that if you want the capital...

I dont get the indicies thing but you have said it before so I kinda get it.

I believe they are making them better with the new release that is delayed but lets see. I have no problem trading their indicies but i only trade NY and i dont keep things tight other than my booty.
  • #5,439
  • Nov 12, 2021 8:13am Nov 12, 2021 8:13am
Quoting Mtinifx
{quote} As I don't like Myff's trading conditions on Indices it leaves me with only one option.....
Can you explain this? I only trade US indices and Gold exclusively and found conditions on MFF more favorable then FTMO. FTMO seems to require double the margin of MFF. As a result I use MFF as my master account and FTMO as slaves with reduced lot sizes.
Trade with confidence, trade without fear.
  • #5,440
  • Nov 12, 2021 8:29am Nov 12, 2021 8:29am
Quoting Cryptosurf
{quote} Can you explain this? I only trade US indices and Gold exclusively and found conditions on MFF more favorable then FTMO. FTMO seems to require double the margin of MFF. As a result I use MFF as my master account and FTMO as slaves with reduced lot sizes.

Look I'm not sure what things are like now on the TradersGlobal platform - may have changed of course.

One lot on FTMO is one full lot whereas on MYff it is one-mini lot (I think?). So you have to trade 10 "lots" on Myff to equal one normal size lot. Should be the same margin requirement.

The spreads were definitely worse on Myff platform when I last checked. Up to 4 points (although I think it's 2.4 in the US session) on US30. On DAX it's better but DAX for strange reason is not open on their platform 24/7. This tends to produce gaps and messes up the MA values. I suppose one can always copy-trade after FF open but that's a pain in the neck.
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