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  • #5,621
  • Nov 19, 2021 5:27pm Nov 19, 2021 5:27pm
Quoting Takisd
*Seering eyes... and itchy hands* oh reaaaaaaaaaaally... hmmm perhaps i will add it to my gamble list... but if I find out its related to TCF in any way im comin' for ya
-Hopefully not associated with TCF. Either way, your money your decisions.

Quoting Tim_isoara
"Some possible reasons for a payout cap" Not True, don't have payout cap.
-Your mom goes to college.

Quoting LuXing
Add USD 4 per lot to get an idea of what my bottom line would look like. My opinion: a no go for scalpers.
-May depend for indices. Would be curious about that.
  • #5,622
  • Nov 19, 2021 8:03pm Nov 19, 2021 8:03pm
Quoting Nsak3y
{quote}-Hopefully not associated with TCF. Either way, your money your decisions. {quote}-Your mom goes to college. {quote}-May depend for indices. Would be curious about that.
Theyre in here watching us

whoever’s running there Instagram is having a laugh, you’ve kind of got to respect it ahaha
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  • #5,623
  • Nov 19, 2021 8:19pm Nov 19, 2021 8:19pm
Quoting mlseenie
Theyre in here watching us
-So it is confirmed then. Didn't you join recently?

Since they are monitoring this thread, I will say that the daily draw-down limit is not competitive. Everything else looks okay on the surface. Would need to dig deeper to be sure.
  • #5,624
  • Nov 19, 2021 8:35pm Nov 19, 2021 8:35pm
Quoting Nsak3y
{quote}-So it is confirmed then. Didn't you join recently? Since they are monitoring this thread, I will say that the daily draw-down limit is not competitive. Everything else looks okay on the surface. Would need to dig deeper to be sure.
Yh i joined recently, im not a spy if thats what you’re asking lol just interested to see if their models actually maintainable. I personally thought the payout cap was pretty intelligent to maintain everyones payouts but clearly it wasn’t working for them.
  • #5,625
  • Nov 20, 2021 4:38am Nov 20, 2021 4:38am
Quoting B.C
Wonder a bit about if the smart people here can paint me in the right direction as a swing trader. Clearly the math doesn't work for something like the 5%ers, you're better off using your own money, but as far as I can see a swing trader who might only take 4 or 5 trades a month is pretty much gambling they pass a challenge. I'm still working out the kinks in my system, but that's about what I'm looking at. Maybe half a dozen trades a month, 2:1 reward to risk and ~50% win rate. I don't see how something like that gets though a challenge using good...
Well I’m not one of the smart ones here but since you haven’t had a reply I’ll chip in. As a higher timeframe swing trader I’ve tried to make it fit and it failed twice. I gave up trying to make it fit and now scalp day trade.

Maybe if you had more than one swing strat and you could overlay your entries and exits it could work.

Forget about FTMO “swing” account because it’s just a euro FX ESMA retail account marketed to mislead folks. Anything under 22 trading days is a waste of time for a long term trader.

Possibly you might get an MFF Eval with an extension which might get you 44 trading days…. Maybe this could work for you and you get a lucky run?

But I have to say they don’t want low freq traders IMO. They are all looking for short burn outs.. 6 months and you’d be a legend.

My business plan is to build and trade independent accounts and if I lose one because I get toasted by the market I have another 5 or 6 running to trade the next day and replace the busted one with a fresh one.

So maybe think about layering accounts?
  • #5,626
  • Nov 20, 2021 5:38am Nov 20, 2021 5:38am
Quoting mlseenie
{quote} Theyre in here watching us whoever’s running there Instagram is having a laugh, you’ve kind of got to respect it ahaha {image}
Okay.....so they grabbed my meme, post #5596. I'm still going to give'em a few months before I pull the trigger. The changes and sale they made are quite tempting though but I don't do challenges during this time of the year.
  • #5,627
  • Nov 20, 2021 9:28am Nov 20, 2021 9:28am
Quoting B.C
Wonder a bit about if the smart people here can paint me in the right direction as a swing trader. Clearly the math doesn't work for something like the 5%ers, you're better off using your own money, but as far as I can see a swing trader who might only take 4 or 5 trades a month is pretty much gambling they pass a challenge. I'm still working out the kinks in my system, but that's about what I'm looking at. Maybe half a dozen trades a month, 2:1 reward to risk and ~50% win rate. I don't see how something like that gets though a challenge using good...
Not smart by any means, but have been pretty successful trading with these firms....One of my suggestions has already been posted....MFF, if you're a swing trader, you would certainly qualify for the free one time extension, so you'd have 60 days to make 8%. My other is to look at your trade history (your DD in particular) and see if there is any way you can bump the risk up and still stay under the DD limits. One of my strategies is a weekly pivot method, which involves scaling in and out of multiple entries, some are held for several days. Works great once you've passed and are funded, but yes, need to adjust risk parameters and/or use a different strategy to pass.
  • #5,628
  • Nov 20, 2021 9:37am Nov 20, 2021 9:37am
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Payday on one of my accounts. (bi weekly)

My last time I will post an evidence of such a thing because proving your income to internet strangers is stupid.

Some guys got massive payments this month I have been seeing but weirdly. I have been reading stuff about FTMO slipping people into violation on trustpilot and facebook. Hasn't happened to me but am concerned.
  • #5,629
  • Nov 20, 2021 10:25am Nov 20, 2021 10:25am
blue guardian capital has a minimum profit of 4% for the first withdraw

EDIT: that's from a couple of minutes ago
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  • #5,630
  • Nov 20, 2021 10:27am Nov 20, 2021 10:27am
Quoting Capablanca
blue guardian capital has a minimum profit of 4% for the first withdraw EDIT: that's from a couple of minutes ago {image}
I guess it was their way of tackling removing the profit cap
  • #5,631
  • Nov 20, 2021 10:33am Nov 20, 2021 10:33am
Quoting mlseenie
{quote} I guess it was their way of tackling removing the profit cap
lol, right, now instead of a cap, you just get nothing at all....MUCH BETTER!!!!
I am so glad I am funded and not new to this. A lot of newbies to prop firm's are going to end up getting screwed with some of these new offerings.
  • #5,632
  • Nov 20, 2021 11:13am Nov 20, 2021 11:13am
I did say I would post my result so I'm keeping my word.
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  • #5,633
  • Nov 20, 2021 11:20am Nov 20, 2021 11:20am
Quoting Mtinifx
I did say I would post my result so I'm keeping my word. {image}
Ouch, you just screwed things calculating max daily loss. It hurts....
  • #5,634
  • Nov 20, 2021 11:32am Nov 20, 2021 11:32am
Quoting pipmaster77
A lot of newbies to prop firm's are going to end up getting screwed with some of these new offerings.
A good thing of having experienced several props is being able to quickly screen over the rules and detect the negative points.

It doesn't prevent the unknow rules/things that we were not aware, though, but that's part of the risk.

For example, I was very annoyed to find out that The Funded Trader takes 9 (nine !) business days to provide a funded account.
They made huge fuss when they decrease to 5 trading days but what's the point of 5 trading days if they take almost 2 weeks to provide a funded account ?

And this was not bad luck. It's officially stated in their email after phase 2:

"Within 9 business days after receiving the signed Traders agreement documentation, you will be given your funded account credentials where you will begin your journey to build your empireail after phase 2."

And they "respected" the 9 days. Not one day less.

This is the kind of thing we only find out if it's shared by someone else. Not in the official rules.
  • #5,635
  • Nov 20, 2021 11:43am Nov 20, 2021 11:43am
Quoting Takisd
{image} I have been reading stuff about FTMO slipping people into violation on trustpilot and facebook. Hasn't happened to me but am concerned.
how can they do that if 1 doesn t break any rules?

=FTMO is under an avalanche of accusations in TrustPilot for hangs, data freezing and absurd roll over spikes and slippage, with the purpose of breaking funded traders accounts.= i guess u meant this
  • #5,636
  • Nov 20, 2021 11:45am Nov 20, 2021 11:45am
Quoting 1odi
{quote} how can they do that if 1 doesn t break any rules?

Basically anyone playing near the daily is getting slipped by just enough to violate. Thats my interpretation of it, its very easy to do if you have feed rights on your platform.
  • #5,637
  • Nov 20, 2021 11:50am Nov 20, 2021 11:50am
Quoting Takisd
{quote} Basically anyone playing near the daily is getting slipped by just enough to violate. Thats my interpretation of it, its very easy to do if you have feed rights on your platform.
if that s really the case, then it would be the begining of the end..then again they are ranked no1 prop, why would they risk that?
  • #5,638
  • Nov 20, 2021 12:13pm Nov 20, 2021 12:13pm
Quoting 1odi
{quote} if that s really the case, then it would be the begining of the end..then again they are ranked no1 prop, why would they risk that?

It hasn't happened to me as it wouldn't be possible with my trading but to be honest it would explain the lack of mega payouts lately being reported from FTMO because the guys with the massive payouts are pretty much all in all the time so if someone trades like that and slips 5 pips to violate, they wont get paid.
  • #5,639
  • Nov 20, 2021 12:42pm Nov 20, 2021 12:42pm
Quoting Takisd
{quote} It hasn't happened to me as it wouldn't be possible with my trading but to be honest it would explain the lack of mega payouts lately being reported from FTMO because the guys with the massive payouts are pretty much all in all the time so if someone trades like that and slips 5 pips to violate, they wont get paid.
so far i see no proof of that, only bogus claims and people marketing MFF bashing FTMO. if their bussiness model wouldn t be sustainable i doubt they would ve lasted this far. plus, i also doubt that the % of profitable traders has all of a sudden increased exponentialy in such manner to pose a problem, if the fees would be used as a lifeline type of model. i m not advocating for any prop in particular, just beeing objective. if they are really messing with funded traders surely some proof of that will surface soon.
i noticed a lot of folks advocating for MFF lately, but they are fairly new hence the fear in beeing negated a payout is there. prblms with customer support, plus their daily DD rule is a bust imo, unless i am misunderstanding. say i am in profit with over 5% on a trade, BE is set and i m gonna let it reach target. from what i gather the DD is based on equity so if my trade does a deep pullback for instance and kicks me out at BE(and even if it doesn t but my equity went 1 cent below 5%), i broke the daily DD, which is insane. if they change that i d be more then glad to take a challenge with them but for me that s just limiting the upside for a trader putting a cap on potential profits 1 can achieve.
  • #5,640
  • Nov 20, 2021 1:13pm Nov 20, 2021 1:13pm
Quoting 1odi
{quote} so far i see no proof of that, only bogus claims and people marketing MFF bashing FTMO. if their bussiness model wouldn t be sustainable i doubt they would ve lasted this far. plus, i also doubt that the % of profitable traders has all of a sudden increased exponentialy in such manner to pose a problem, if the fees would be used as a lifeline type of model. i m not advocating for any prop in particular, just beeing objective. if they are really messing with funded traders surely some proof of that will surface soon. i noticed a lot of folks...
MFF are basically the second oldest major firm. FTMO being the first, I am at both but I keep my eyes on the pulse.

You would have to be up like 5.05 % for a BE to lose on daily on MFF's DD, but if you give up 5% of your profits I have nothing nice to say so I'll zip my lip. 5% is a lot of money, especially on the big accounts these firms are offering.

The only guy i see promoting MFF in those reviews is smeraldo or whatever his name is and hes batshit crazy, look at his reviews. The amount of chatter regarding the slippage matter I am keeping my eye on and it will mean I am also way more particular on my FTMO drawdown calculation the same way I am with TFTP program because their spreads are strange and their price feed is slow.
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