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Anyone trading with a Prop firm 31 replies

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  • #13,001
  • Dec 13, 2022 6:17pm Dec 13, 2022 6:17pm
Quoting wansiman
{quote} Total nonsense, Build a bankroll and don't complain all the time.
If I wanted to build my own bankroll, I wouldn't be using props.
  • #13,002
  • Dec 13, 2022 6:19pm Dec 13, 2022 6:19pm
Quoting maahome
{quote} Stocknet Institute. It is no big deal if you look at the numbers. The fee is 50% than the current offer with 50% extra Drawdown. To scale requires 50% higher earnings so at the end of the day you could purchase 2 accounts to get a similar deal and scale faster. In all fairness the leverage is 200:1 against 100:1. Don't see that it is a massive leap to be honest. Maybe I am missing something? cheers maahome
Right, just like all of the other "instant" models, DD allowed is equal to fee. No value here at all.
  • #13,003
  • Dec 13, 2022 6:46pm Dec 13, 2022 6:46pm
Quoting wansiman
{quote} Total nonsense, Build a bankroll and don't complain all the time.
You just came back from stone age, can you show us the way
  • #13,004
  • Dec 13, 2022 8:32pm Dec 13, 2022 8:32pm
Quoting navk
{quote} yes, in my funded account, 28 to 30 pips. Challenge account 40 pips slippage TFT guy says latency could be the issue for huge slippage
Yes definitely latency issues are present here, particularly in fast moving markets.

Traders should do all they can to minimize this issue.

Masterrmind...........
Master your Mind then Master your Trades
  • #13,005
  • Dec 13, 2022 9:05pm Dec 13, 2022 9:05pm
Quoting Masterrmind
{quote} Yes definitely latency issues are present here, particularly in fast moving markets. Traders should do all they can to minimize this issue. Masterrmind...........
what is the best way?

I have no idea.

And during normal market hours...it is fine
Intraday only.
  • #13,006
  • Dec 13, 2022 9:18pm Dec 13, 2022 9:18pm
Quoting navk
{quote} what is the best way? I have no idea. And during normal market hours...it is fine
Limit orders. I get + slippage all of the time. I trade very small as well, simply trying to grind 1, maybe 1.5% weekly.
  • #13,007
  • Dec 13, 2022 10:09pm Dec 13, 2022 10:09pm
To speed up mt4/mt5 :

https://get.exness.help/hc/en-us/art...etaTrader-4-5-
Intraday only.
  • #13,008
  • Dec 14, 2022 1:57am Dec 14, 2022 1:57am
What is the current spread of GOLD/XAUUSD at MFF? And are there commissions?
  • #13,009
  • Dec 14, 2022 4:07am Dec 14, 2022 4:07am
Quoting Olarion1975
What is the current spread of GOLD/XAUUSD at MFF? And are there commissions?
no commissions

right now the spread is fluctuating averaging mostly around 10 cents
  • #13,010
  • Dec 14, 2022 5:49am Dec 14, 2022 5:49am
Hi

Has anyone have problems with Mt4 by TFF today. Its lagging by me?

B
  • #13,011
  • Dec 14, 2022 6:42am Dec 14, 2022 6:42am
Quoting bosti
Hi Has anyone have problems with Mt4 by TFF today. Its lagging by me? B
Yes, experiencing the same.
Trade with confidence, trade without fear.
  • #13,012
  • Dec 14, 2022 7:23am Dec 14, 2022 7:23am
I have contact them and now is OK.
  • #13,013
  • Edited 8:50am Dec 14, 2022 7:39am | Edited 8:50am
Quoting bosti
I have contact them and now is OK.
Yeah i been busting their balls, still having the same issues on my end.

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EDIT: They fixed it finally shortly after the 9:30 open.
Trade with confidence, trade without fear.
  • #13,014
  • Dec 14, 2022 9:20am Dec 14, 2022 9:20am
Hi guys,
Can someone tell me which prop firm funds allows using the HFT system to pass all the challenge rounds?
  • #13,015
  • Dec 14, 2022 12:24pm Dec 14, 2022 12:24pm
Quoting Tuatuanlq
Hi guys, Can someone tell me which prop firm funds allows using the HFT system to pass all the challenge rounds?
I’m assuming you are talking about an EA? But you would need to talk to the prop firm about what kind of trading is forbidden and make sure your EA abides by that.
  • #13,016
  • Dec 14, 2022 12:25pm Dec 14, 2022 12:25pm
Wasn't FTMO's max account size 400k ?
now it's "trade up to " 200K ? WTF...
  • #13,017
  • Dec 14, 2022 1:09pm Dec 14, 2022 1:09pm
Quoting tradista
Wasn't FTMO's max account size 400k ? now it's "trade up to " 200K ? WTF...
-Max account size is 200K. But you can merge up to 400K, per strategy.
  • #13,018
  • Dec 14, 2022 9:41pm Dec 14, 2022 9:41pm
Hello,
I'm new to prop firm concept and this seems like a good place to get my head around it. Hoping it's not another in a long train of FX scams.
For example, anyone care to give an opinion of this "statement" of a prop firm challenge?
I do not trust these results. It goes on for pages ending with 20K profit in something like a day or three. I'm not sure how it's done, but I think there are ways to dupe the demo server.
Any thoughts appreciated!
Attached Image (click to enlarge)
Click to Enlarge Name: statement from propfirm challenge.PNG Size: 70 KB
  • #13,019
  • Dec 14, 2022 11:09pm Dec 14, 2022 11:09pm
Quoting Rippin
Hello, I'm new to prop firm concept and this seems like a good place to get my head around it. Hoping it's not another in a long train of FX scams. For example, anyone care to give an opinion of this "statement" of a prop firm challenge? I do not trust these results. It goes on for pages ending with 20K profit in something like a day or three. I'm not sure how it's done, but I think there are ways to dupe the demo server. Any thoughts appreciated! {image}

This is a really bad scalping strategy with no SL. If the market trends single direction it will lose. The market has bee favorable to such strategy lately as its retracing a lot.

I would ignore anyone offering that.
  • #13,020
  • Dec 14, 2022 11:19pm Dec 14, 2022 11:19pm
Quoting Rippin
Hello, I'm new to prop firm concept and this seems like a good place to get my head around it. Hoping it's not another in a long train of FX scams. For example, anyone care to give an opinion of this "statement" of a prop firm challenge? I do not trust these results. It goes on for pages ending with 20K profit in something like a day or three. I'm not sure how it's done, but I think there are ways to dupe the demo server. Any thoughts appreciated! {image}
I’m not sure what you are asking here. Looking at someone’s results with a prop firm doesn’t really tell you much about the prop firm.

I’ve been trading with various prop firms for years never been scammed and made withdrawals successfully.

So if you stick around here lots of information about various prop firms and experiences from traders who use them. Hope it helps…

Edit: I will add that most if not all of us posting here are not affiliates or working for any prop firm. We are just sharing our experiences…
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