Prop Firm Hub | Page 536 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #10,701
  • Sep 6, 2022 1:00pm Sep 6, 2022 1:00pm
Quoting mrdfx
This is interesting, a 500k account? {image}
Well, not exactly. They give you a 500K challenge. No cost, but still have the 2 phases to pass. You also must purchase 100K and/or 200K challenges to enter. Every 100K gets a ticket, 200K gets 2. Looks like a revenue generator to cover those recent huge payouts.
I guess my question is, if you can only have 400K and you are already funded and need to buy at least 1 100K to have 1 entry, if you pass your 100K and win and pass the 500K, are they allowing 600K over and above what you already have? TBH, too lazy to investigate....I hate lotteries.
  • #10,702
  • Sep 6, 2022 6:30pm Sep 6, 2022 6:30pm
Quoting Feelas
it's not about contract specifications. I am a heavy scalper on American indices, so I have to be careful enough when changing position between us30 and us500 as it could lead to risk 10 times than actual. and with many entries & exit, you can't be perfect.
-But knowing what you are trading, the lot/contract sizes etc. are all shown in the contract specifications. Whether you are trading USDJPY, gold or SPX500, you have to know and keep track of your sizes.

That being said, if you are copying trades across assets, there are ways to do that so that the sizes are automatically adjusted for you. Not to say that it would be an ideal solution, though.

Quoting pipmaster77
TBH, too lazy to investigate....I hate lotteries.
-I am doubtful, but I suppose that it could also be a way for them to collect data, either in the way of market research or testing larger account sizes. With their new changes, maybe they are considering offering bigger accounts with more allocated capital. But again, I am doubtful of that.
  • #10,703
  • Sep 6, 2022 7:15pm Sep 6, 2022 7:15pm
Just passed phased 2 on a $50K account with E8 Funding. I had a $250K funded account before which I blew up during my early stages of poor risk management. They did pay what I earned on the account when it was eligible when it reached the 8 day mark because it was in profit when I violated the daily drawdown. That's one of the reason I stuck with them. Hope this helps.
  • #10,704
  • Sep 7, 2022 5:56am Sep 7, 2022 5:56am
i bought 2 100 k accounts with myfundedfx but later realized the max capital they provide is 100 K. After discussions in sical media groups they agreed to confirmed refunding both challenge fees
  • #10,705
  • Sep 7, 2022 6:08am Sep 7, 2022 6:08am
Oooops FTMO


I am changing to Fundednext looks promising.
  • #10,706
  • Sep 7, 2022 6:37am Sep 7, 2022 6:37am
Quoting Feelas
Oooops FTMO I am changing to Fundednext looks promising.

why? I would like to know why you skipped all the good ones and landed at fundednext.
  • #10,707
  • Sep 7, 2022 6:57am Sep 7, 2022 6:57am
Quoting Takisd
{quote} why? I would like to know why you skipped all the good ones and landed at fundednext.
Hello Takisd
15000 eval account for $100
5 minday
15% from phase1&2

I just paid and received login credential.
Now i am trying to contact them about small issue
  • #10,708
  • Sep 7, 2022 7:12am Sep 7, 2022 7:12am
Quoting Takisd
{quote} why? I would like to know why you skipped all the good ones and landed at fundednext.
One thing I notice about them is that they are modelling their programs like MFF. Their express model seem very similar to the MFF Rapid
  • #10,709
  • Sep 7, 2022 7:18am Sep 7, 2022 7:18am
Quoting meck1
{quote} Hie, 1) soon as I was in profit I contacted the account manager via telegram and he told me the withdrawal date so waited for the date to arrive and got hold of him again. 2) The account is temporarily closed on the day of the withdrawal (unfortunately I didn't check how long until they unpaused it i was of the charts but I don't think it's for long) 3) I received my withdrawal in Bitcoin 4) wanted a bank transfer at first, so for that you go through Deel, but unfortunately Deel doesn't support the country I'm in, so I ended up opting for...
Thanks you for the answer Meck. That's why this topic is great. We can get first hand experiences with many "picky" details that we find nowhere.

Just some more questions:
1. I saw in their site that they have the 15% bonus over phase 1 and 2. Was that paid with the Payout ?
2. Did you get a fee refund like in other firms ? (and you had to request that or was together with the payout ?)
  • #10,710
  • Sep 7, 2022 8:05am Sep 7, 2022 8:05am
Quoting Feelas
{quote} Hello Takisd 15000 eval account for $100 5 minday 15% from phase1&2 I just paid and received login credential. Now i am trying to contact them about small issue

read the fineprint on that bonus. They changed it recently.
  • #10,711
  • Sep 7, 2022 10:44am Sep 7, 2022 10:44am
Quoting Eyefxtrader
i bought 2 100 k accounts with myfundedfx but later realized the max capital they provide is 100 K. After discussions in sical media groups they agreed to confirmed refunding both challenge fees

I am also thinking of buying 2 100K accounts.

And the first trade will be opposite to each other. So one will be about at 4% and the other -4% of the acoount. With this method I will try do decrease the pressure of time. And for the remaning part I will try to trade with just 1 lot. I will try to get the +4% with MFF, then to 8% will be easier.

I am now working therefore I miss the concentration to handle it directly. Or maybe I should put more focus and effort in it.
  • #10,712
  • Sep 7, 2022 11:52am Sep 7, 2022 11:52am
Quoting Takisd
{quote} read the fineprint on that bonus. They changed it recently.
ya no worry. consistence is my trading rule.
  • #10,713
  • Sep 7, 2022 12:36pm Sep 7, 2022 12:36pm
Just wanted to know how much volume in lots is needed to move FX majors. I heard that half a yard hardly moves the EURUSD. So I do not know if there is much difference to EBS/Reuters Dealing in comparison to Retail Brokers like IC Markets or FTMO/MFF. But I would like to know what slippage can be expected if suddenly a bunch of traders entered 1 yard or 10 yards. How much does the FX majors move here ? Anyone knows this or has some experience here or anything heard about it ?
  • #10,714
  • Sep 7, 2022 12:40pm Sep 7, 2022 12:40pm
Quoting Capablanca
{quote} Thanks you for the answer Meck. That's why this topic is great. We can get first hand experiences with many "picky" details that we find nowhere. Just some more questions: 1. I saw in their site that they have the 15% bonus over phase 1 and 2. Was that paid with the Payout ? 2. Did you get a fee refund like in other firms ? (and you had to request that or was together with the payout ?)
I know right, and yes I got 15% paid out for profits of both phase 1 and 2. Plus the refund. I only made a $200 profit in the challenge but ended get paid over $660 from the refunds and bonuses lol I can only imagine what kind money you get back if you pass their larger account .
"Cut your loses short and let the winners Run"
  • #10,715
  • Sep 7, 2022 3:12pm Sep 7, 2022 3:12pm
Quoting TrAndy1
Just wanted to know how much volume in lots is needed to move FX majors. I heard that half a yard hardly moves the EURUSD. So I do not know if there is much difference to EBS/Reuters Dealing in comparison to Retail Brokers like IC Markets or FTMO/MFF. But I would like to know what slippage can be expected if suddenly a bunch of traders entered 1 yard or 10 yards. How much does the FX majors move here ? Anyone knows this or has some experience here or anything heard about it ?
depends on the hour etc. No one is hitting a yard in 1 order but they may make 1 yard at a price and get filled in pieces on limit. If someone sent a 1 yard order into the market it would look like eur/chf floor pull.
  • #10,716
  • Sep 7, 2022 3:50pm Sep 7, 2022 3:50pm
Quoting Eren10
{quote} I am also thinking of buying 2 100K accounts. And the first trade will be opposite to each other. So one will be about at 4% and the other -4% of the acoount. With this method I will try do decrease the pressure of time. And for the remaning part I will try to trade with just 1 lot. I will try to get the +4% with MFF, then to 8% will be easier. I am now working therefore I miss the concentration to handle it directly. Or maybe I should put more focus and effort in it.
I love this kind of thinking. If you go for a 2rr risking 4%, 1 account can hit target on 1st trade. The trouble is, once funded, going back to the normal trading style might be another psychological battle.
  • #10,717
  • Sep 7, 2022 4:55pm Sep 7, 2022 4:55pm
Quoting Inception12
{quote} I love this kind of thinking. If you go for a 2rr risking 4%, 1 account can hit target on 1st trade. The trouble is, once funded, going back to the normal trading style might be another psychological battle.

The problem is 1 account will hit sl at -4%. If from that moment the price starts to return than you could end with -4% and 0% at the other account.

If you choose to use high lot size like 30 lots. SL will be 15 pips. For the other side a move of 30 pips is more likely, which will give 9%.

With 10 lots you will need 80 pips which is very difficult to get without large retracements.

Maybe 40 lots will perform better. SL at 10 pips and profit 20 pips will do it. But any oscillation will make it very diffcult to hold. 20 pips movement is more likely to get in one direction.
  • #10,718
  • Sep 7, 2022 11:54pm Sep 7, 2022 11:54pm
Quoting Takisd
{quote} depends on the hour etc. No one is hitting a yard in 1 order but they may make 1 yard at a price and get filled in pieces on limit. If someone sent a 1 yard order into the market it would look like eur/chf floor pull.
Of course I did not mean 1 order with 1 yard. But say 1000 orders with 10 lots, in what time they can be done with minimal impact but not getting too much variance of different quotes by waiting the 1000 orders are done ? Too make it easier just assume that all orders are done in the London/NY session overlap (3 hours) afternoon.
  • #10,719
  • Sep 8, 2022 12:40am Sep 8, 2022 12:40am
Quoting Feelas
{quote} it's not about contract specifications. I am a heavy scalper on American indices, so I have to be careful enough when changing position between us30 and us500 as it could lead to risk 10 times than actual. and with many entries & exit, you can't be perfect.
A trade management EA (Trade panel, Trade Manager, Magic Keys ect.) will save you alot of aggravation & mistakes. Just enter the Cash or % balance/equity risk per trade and let it calculate the correct position size... problem solved.
  • #10,720
  • Edited 1:18am Sep 8, 2022 1:01am | Edited 1:18am
Quoting TrAndy1
Just wanted to know how much volume in lots is needed to move FX majors. I heard that half a yard hardly moves the EURUSD. So I do not know if there is much difference to EBS/Reuters Dealing in comparison to Retail Brokers like IC Markets or FTMO/MFF. But I would like to know what slippage can be expected if suddenly a bunch of traders entered 1 yard or 10 yards. How much does the FX majors move here ? Anyone knows this or has some experience here or anything heard about it ?
Back when I had access to a Tier 2 PB institutional setup (Hotspot + EBS + Deutche Bank + Citi + UBS) before US regs completely shut that down in 2009, you could fill 100M in EUR/USD going about 1-3 pips deep in the book 3am-11am est. NO ONE is doing 1 yard @ market. Those sort of orders got phoned into the desk for a quote or were broken up into pieces and algorithmically filled over time.
92 traders viewing now