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  • #8,461
  • Jun 10, 2022 11:53am Jun 10, 2022 11:53am
Quoting TrAndy1
By the way I find the simulated slippage experience at MFF and also other props who are doing that just ridiculous. I mean you can open within 1 second several 2.5 lots orders without any slippage and then do bulk closing in MT5 too without slippage. That volume can exceed 10 lots by far. But then you cannot open 5 lots at the same ?
Put limit order 1 or 2 pip below market, that will guarantee no slippages. Stop loss order also have slippages which you can't avoid.
  • #8,462
  • Jun 10, 2022 11:57am Jun 10, 2022 11:57am
Quoting TrAndy1
What do you think about risk minimzing by using several accounts for getting payouts and not trade them all simultaneously (maybe with copy trading too) ? When I hear that one single trader at FTMO got over 50 consecutive payouts, I can only think of having multiple, say 4 100k accounts. Until you have one good trade or one good day, then you move to the next account. In that way you are securing your payout. This is also what CableJ mentioned but it does not need to be with higher risk on each trade, I mean in that case. You move to one account...
Execution is the key if trader is profitable or scalping. Price is secondary as if you trade 20 lots and put 5pip or 10 pip stop. 1 pip slippage with be huge like 200$ and 400$ round trip. If you are swing trader MyFF makes more sense as slippage and spread etc doesn't matter much.
Having small accounts is way better as you can get mulitple payouts at different times and diversify plus if trader is in revenge mode he or she can blow up only one.
  • #8,463
  • Jun 10, 2022 12:16pm Jun 10, 2022 12:16pm
Quoting sampat
{quote} Put limit order 1 or 2 pip below market, that will guarantee no slippages. Stop loss order also have slippages which you can't avoid.
Even with a limit order on 5 lots I have noticed slippage. Not at FTMO but on other props. A limit order in MT4/5 does not help you, once hit it will be executed market.
  • #8,464
  • Jun 10, 2022 12:31pm Jun 10, 2022 12:31pm
Quoting endgame99
{quote} Hi, I trade regularly 10 lots on EURUSD on MFF. Slippage is almost always around 0.5pip. I traded 20 lots too and slippage was close to 1pip. So, if you get 300K merged account, then you will either get huge slippage or will have to place many <5 lot orders to minimize slippage. If you are scalper then forget trading size larger than 5 lots on MFF. I have also traded 10 lots on EURUSD on FTMO, TFT, TFF and E8. None of them come even close to slippage on MFF. FTMO seems to have great fills of all. Unfortunately, MFF has the worst slippage...

are your entry/exits breakout related with stops laying above/below a previous bar high/low or obvious support/resistance levels? There tends to be way more slippage with those types of entries/exits since the trader's order is completing with tons of other orders @ the same price levels. I remember Josh @ MFF saying they have about 10M at every pipette on the major USD pairs.
  • #8,465
  • Jun 10, 2022 12:35pm Jun 10, 2022 12:35pm
Quoting Olarion1975
Update on my prop trading with E8 Funding: Earlier than expected, but I passed Phase 2 today . Let's see how the next steps are and how long it takes to get the funded 250k account. {image}
Update: The process was really quick - I signed the 9 pages of contract agreement online and uploaded a copy of my ID card. 2 hours later I got my certificate and the new credentials. Let's see how much profit I can make in 8 days before the first payout.
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  • #8,466
  • Jun 10, 2022 1:28pm Jun 10, 2022 1:28pm
is there any propfirms that offers a broker that can be directly connected to tradingview e.g oanda
  • #8,467
  • Jun 10, 2022 1:30pm Jun 10, 2022 1:30pm
Just got a promo code for BGC. The score raises to 6.7 here. Do not know much about the copy trading restrictions, would like to know more from experienced users.
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  • #8,468
  • Jun 10, 2022 3:19pm Jun 10, 2022 3:19pm
I’ve tried to ask MFF live chat this question but everytime I’ve been #65 in que (or worse). If I finish my phase 1 challenge +0.01% do I get a free retry?
  • #8,469
  • Jun 10, 2022 3:23pm Jun 10, 2022 3:23pm
Quoting bojack34
I’ve tried to ask MFF live chat this question but everytime I’ve been #65 in que (or worse). If I finish my phase 1 challenge +0.01% do I get a free retry?
Anything positive even with 1 cent is eligible for retry
  • #8,470
  • Jun 10, 2022 3:53pm Jun 10, 2022 3:53pm
Quoting bojack34
I’ve tried to ask MFF live chat this question but everytime I’ve been #65 in que (or worse). If I finish my phase 1 challenge +0.01% do I get a free retry?
Yes
  • #8,471
  • Jun 10, 2022 5:03pm Jun 10, 2022 5:03pm
Ty for the response guys!
  • #8,472
  • Jun 11, 2022 1:28pm Jun 11, 2022 1:28pm
Quoting TrAndy1
Just got a promo code for BGC. The score raises to 6.7 here. Do not know much about the copy trading restrictions, would like to know more from experienced users. {image}
Any payout proofs for these people I wonder? They look good, very low profit target for challenges and high leverage offered. Only downside is the 4% maximum daily drawdown.
  • #8,473
  • Jun 11, 2022 5:01pm Jun 11, 2022 5:01pm
Could someone post the spreads form The Prop Trading please ? I noticed they are improving a lot, from monthly to bi-weekly payouts to no minimum trading days...
  • #8,474
  • Jun 11, 2022 5:07pm Jun 11, 2022 5:07pm
Quoting TrAndy1
Could someone post the spreads form The Prop Trading please ? I noticed they are improving a lot, from monthly to bi-weekly payouts to no minimum trading days...
Their spreads are like FTMO and MyFF not much difference but they dont have fees (spreads makes up fees).
The good part of the firm is they dont have slippages like MyFF and TFF but you can't trade more than 10 lots per pair on 200K account (first 3 months)
Execution is the most underrated things but for day trader or short term trader its the most important thing.
  • #8,475
  • Jun 11, 2022 8:22pm Jun 11, 2022 8:22pm
Quoting Bizziebee
{quote} Any payout proofs for these people I wonder? They look good, very low profit target for challenges and high leverage offered. Only downside is the 4% maximum daily drawdown.
Payout proofs are posted on their official telegram channel
Inserted Code
https://t.me/BlueGuardianCapital
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  • #8,476
  • Jun 11, 2022 9:21pm Jun 11, 2022 9:21pm
By the way Garfield75 is having a crack at the MyFF $300,000 challenge.

Currently visible via his profile page.

I wish him the very best of trading.

Masterrmind .............
Master your Mind then Master your Trades
  • #8,477
  • Jun 12, 2022 9:59am Jun 12, 2022 9:59am
Quoting Olarion1975
{quote} Update: The process was really quick - I signed the 9 pages of contract agreement online and uploaded a copy of my ID card. 2 hours later I got my certificate and the new credentials. Let's see how much profit I can make in 8 days before the first payout. {image}
Thanks a lot for the info. Seems pretty efficient and automated!
You sound to be the most advanced here with them, at least from the guys that write in the topic.
Please keeps us posted if you get to a payout+fee refund and how it went. I'm sure this is interesting for a lot of people reading this topic.
Good luck mate !
  • #8,478
  • Jun 12, 2022 10:05am Jun 12, 2022 10:05am
Quoting Bizziebee
{quote} Any payout proofs for these people I wonder? They look good, very low profit target for challenges and high leverage offered. Only downside is the 4% maximum daily drawdown.
Rules and targets seems pretty decent. Only out of the normal rule is to demand 4% target before the first payout. after that there's no target.
I don't think this rule is much of a restrictions but it's worth to mention as an alert.
  • #8,479
  • Jun 12, 2022 3:28pm Jun 12, 2022 3:28pm
Quoting Capablanca
{quote} Rules and targets seems pretty decent. Only out of the normal rule is to demand 4% target before the first payout. after that there's no target. I don't think this rule is much of a restrictions but it's worth to mention as an alert.
Is that 4% target rule per account or per trader on BGC ? When it is per funded account, on every new account you need that 4% even when merged ? Anyone knows ?
  • #8,480
  • Jun 12, 2022 3:33pm Jun 12, 2022 3:33pm
Quoting TrAndy1
{quote} Is that 4% target rule per account or per trader on BGC ? When it is per funded account, on every new account you need that 4% even when merged ? Anyone knows ?
Only red flag is if you finish challenge earlier and trade 0.01 lots to fill up remaining days they wont give you funded account as per couple of reviews in trust pilot.
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