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  • #7,361
  • Apr 6, 2022 7:02am Apr 6, 2022 7:02am
Quoting Masterrmind
{quote} Yes indeed. MFF Best to let them know in advance if you plan to use an EA. Plenty of others you could try though such as FTMO. Best wishes and may good fortune be on your side Understand that it's not far off a 100% return on the DD so ofcourse it's damn hard to pass. Masterrmind ............
Thank you for desire me luck. But it's better pray because software is like hell. You never know what bad surprises hide

About DD, problem are DD spikes. You can have a good MM and any uncontrollable market moment can make pass limit. It's not fair destroy your work for a transient short moment. But as life, you are free to accept the deal. Then if you accept firm rules, you have do it with all consequences...

I have add fmto rules to my report tool. When it's ready i will post MM strategy taking what % of DD limit allowed as peak. I'm thinking 50% of daily DD. I have curiosity too about leverage difference between normal and swing account. Allow weekend trades compensate leverage difference? Many things to check before try challenges
Try don't lose pants never...
  • #7,362
  • Apr 6, 2022 7:09am Apr 6, 2022 7:09am
Quoting Masterrmind
{quote} Interesting you mention slippage. That's the reason the previous challenge attempt ended. Actually got slipped enough to end the challenge even though my stop was applied well inside the Daily DD limit. However, I was pushing hard with a 15 lot entry on Gold making full use of the daily limit and ended up a few hundred dollars over. Got slipped alright. Masterrmind ..........
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2022-04-06-22-08-18-17_a068875e8d70110f8d1ec48729c67374.jpg Size: 95 KB
Might only be 50c slippage but that equates to about $750 on Gold.

Yes as I have mentioned I was pushing hard.

Masterrmind ..........
Master your Mind then Master your Trades
  • #7,363
  • Apr 6, 2022 7:10am Apr 6, 2022 7:10am
Quoting Mtinifx
{quote} Interesting post. I would love to know about your MM plan. I think, in fact I know it's the cause of challenge failures I think that by far the biggest problem is hanging on to and worse still, adding to losing trades. It is built into our psyche that we don't like being wrong! That's what the big boys want. They want us to hang on to a losing trade and they cleverly hang out a few carrots to make us think that the trade will eventually come back in our favour. It's just the opposite of what you should be doing and that is closing...
Interesting topic. I posted my opinion in a thread called Stsck MM. I never use hard stops and i will not use in firm challenges.

Only thing i can tell you, talking my own experience, your thinking can change a lot when you plot objective data in a trading problem.

I learnt argue any trading fact and check objective answer based in data study. And hard stops have many surprises when you check data. Its safer use exits using market logic. Hard stops are like fibo. "Fixed" and so subjective. But just its my opinion
Try don't lose pants never...
  • #7,364
  • Apr 6, 2022 7:20am Apr 6, 2022 7:20am
theproptrading.com

Anyone else experiencing difficulties with clients “support “?
I used to be indecisive but now I'm not so sure...
  • #7,365
  • Apr 6, 2022 7:44am Apr 6, 2022 7:44am
Quoting Filipo1
theproptrading.com Anyone else experiencing difficulties with clients “support “?
Avoid them at all cost, unprofessional.
I used to be indecisive but now I'm not so sure...
  • #7,366
  • Apr 6, 2022 7:45am Apr 6, 2022 7:45am
Quoting Mtinifx
Be like what? Brutally honest? It's the usual story mate - in 95% of the cases anyway!
Quoting franz
I agree with you Mtinifx. Navk is an amateur, he is not a real trader. If you look at any of his 13.000(!) posts, you understand that he is naive, he asks questions like an 8 year old child. Navk has lost and will lose many live accounts.
Such negative comments will not provide any benefit to this thread. Navk has shown courage by posting his results here, which can inspire others and provide valuable data to some traders. Your behavior will only discourage this kind of sharing and transparency, which will derail the purpose of this thread.
  • #7,367
  • Apr 6, 2022 8:09am Apr 6, 2022 8:09am
Quoting braintheboss
{quote} Interesting topic. I posted my opinion in a thread called Stsck MM. I never use hard stops and i will not use in firm challenges. Only thing i can tell you, talking my own experience, your thinking can change a lot when you plot objective data in a trading problem. I learnt argue any trading fact and check objective answer based in data study. And hard stops have many surprises when you check data. Its safer use exits using market logic. Hard stops are like fibo. "Fixed" and so subjective. But just its my opinion
Nothing is new is it? We all enter trades at the same places more or less. All these mad systems on FF....! It's either going up or it's going down.

How you get out is what counts...
  • #7,368
  • Apr 6, 2022 8:22am Apr 6, 2022 8:22am
Quoting Fagin
{quote} Nothing is new is it? We all enter trades at the same places more or less. All these mad systems on FF....! It's either going up or it's going down. How you get out is what counts...
If you are talking people place an opposite trade in a congestion area ( undefined direction moment ) then you are right. But success depends how trader understand market moment.

In auto systems just they are dumb then you have play with probabilities and correct behavior with current system performance. You have many tricks for convert a dumb software in something look like smart ( software never is smarter than his creator as base ). That create a question. How really smart/dumb are EA creators?
Try don't lose pants never...
  • #7,369
  • Apr 6, 2022 8:25am Apr 6, 2022 8:25am
Quoting Filipo1
theproptrading.com Anyone else experiencing difficulties with clients “support “?
Yep, I also added a note about that in my review:
https://www.forexfactory.com/thread/...8#post13951368

Unfortunately bad customer service is more common than not in prop firms.
  • #7,370
  • Apr 6, 2022 8:46am Apr 6, 2022 8:46am
Quoting Capablanca
{quote} Yep, I also added a note about that in my review: https://www.forexfactory.com/thread/...8#post13951368 Unfortunately bad customer service is more common than not in prop firms.
Thanks for the detailed feedback.
I used to be indecisive but now I'm not so sure...
  • #7,371
  • Apr 6, 2022 9:47am Apr 6, 2022 9:47am
Quoting Nsak3y
{quote} {quote} Such negative comments will not provide any benefit to this thread. Navk has shown courage by posting his results here, which can inspire others and provide valuable data to some traders. Your behavior will only discourage this kind of sharing and transparency, which will derail the purpose of this thread.
I would think that posts that point out the pitfalls and dangers are just as relevant. You are obviously living in cloud cuckoo land sir.
  • #7,372
  • Apr 6, 2022 10:11am Apr 6, 2022 10:11am
What's nice about this thread is a common aim for us to trade with funded money and find the flaws/strengths in these companies, without a private agenda.

No need for immature arguments or ego inflation here I think...
  • #7,373
  • Apr 6, 2022 10:18am Apr 6, 2022 10:18am
Quoting TrAndy1
{quote} The only better prop firm without any time limit on profit goals I know is Lux trading firm. Otherwise you need to be lucky to reach the profit goal like on FTMO or TFF. Or you need to adapt your strategy to shorter time frames like daytrading to have a better chance to get consistency from more trades. I do not see better options. You can also try tentoptraders.com, they are free of any cost, so there is no risk for you, just your trading time. But the spreads are not the best ones here.

Lux requires stop loss at time of order.
And 4% trailing dd.
And choose 1 type of instrument only, forever.
And consistent combined risk per trade under 5% of available dd, iirc.
And consistent trade size.

But no time limit.
And they have their reasons, agree or not, for all the above.
They could make some of these more clear from the start for prospective traders,
but choose not to. That's their right, I guess.
  • #7,374
  • Apr 6, 2022 10:31am Apr 6, 2022 10:31am
Quoting Bizziebee
I would think that posts that point out the pitfalls and dangers are just as relevant. You are obviously living in cloud cuckoo land sir.
-Pointing out the pitfalls and dangers of trading is not the same as making negative assumptions about other traders. There is no need for that.
  • #7,375
  • Apr 6, 2022 12:25pm Apr 6, 2022 12:25pm
Quoting ClaudeK23
{quote} 50c slippage on gold is a lot, as you said. Slippage makes it impossible to scalp effectively.
Might be worth challenging with MFF support.

It is a demo account afterall !

Hmmm.

Masterrmind ..........
Master your Mind then Master your Trades
  • #7,376
  • Apr 6, 2022 3:12pm Apr 6, 2022 3:12pm
Quoting Filipo1
theproptrading.com Anyone else experiencing difficulties with clients “support “?
The guy in the telegram support replies via voice message and his attitude is pretty weird. Not a good quality service that's for sure.
  • #7,377
  • Apr 6, 2022 3:22pm Apr 6, 2022 3:22pm
Quoting doyathink
{quote} Lux requires stop loss at time of order. And 4% trailing dd. And choose 1 type of instrument only, forever. And consistent combined risk per trade under 5% of available dd, iirc. And consistent trade size. But no time limit. And they have their reasons, agree or not, for all the above. They could make some of these more clear from the start for prospective traders, but choose not to. That's their right, I guess.
4% trailing DD is Pretty bad for me. The pressure is on.. if you get losses on your first trades. I feel they want as to risk 0.25 % per trade or less.
Personally I would love to pay monthly like topstep does till I reach my targets. With no trading restrictions only DD 5 %daily and 10% overall.
  • #7,378
  • Apr 6, 2022 10:28pm Apr 6, 2022 10:28pm
Quoting Mtinifx
{quote} I doubt it. He blew the other accounts and he's starting again more likely
ha..ha... the experience speaks.

Anyways, my live account is intact. I am not trading though as I am extremely busy with personal works.

The important thing for me is to pass another evaluation to acquire another 100 k account.

These 2 days i can trade this week.

Same next week too. Two days, I can trade.
Intraday only.
  • #7,379
  • Apr 6, 2022 11:40pm Apr 6, 2022 11:40pm
Quoting Masterrmind
{quote} {image}Might only be 50c slippage but that equates to about $750 on Gold. Yes as I have mentioned I was pushing hard. Masterrmind ..........
Gold is a wild boy and their CFD has low market depth vol... Most of the complaints on their discord since Feb concerning slippage has been 99.9% XAU or news release related.
  • #7,380
  • Apr 7, 2022 12:44am Apr 7, 2022 12:44am
The Funded Trader (from Discord):

Quote
Community Update
One Step Challenge has officially been discontinued. It was overall an unpopular challenge and a bit controversial. We have decided to transparently remove it from being available.

EightCap testing has gone according to plan but we are still working on a few things therefore it won't be available for purchase quite yet. There are a few users who have gotten EightCap accounts for one reason or another. You are OK to trade them. We will publicly release it towards the end of this week to make sure everything goes smoothly. Aiming...

What's EightCap ?
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