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  • #16,901
  • Jun 22, 2023 5:12pm Jun 22, 2023 5:12pm
Quoting Capablanca
2. You may be interviewed either after phase 2 or before a payout. .
All these interview requests are tiring (almost all the props) I never know how to refuse, it's uncomfortable. How are you doing about yourself ?
  • #16,902
  • Jun 22, 2023 5:19pm Jun 22, 2023 5:19pm
Quoting Takisd
If you have so little faith in your system that you can’t bump your r:r a bit to pass an ftmo challenge you probably shouldn’t be getting funded anywhere. No time limits is a gimmick to pray on traders who already lose. They think “wow what a relief” but they still hit the data point of failing writhing 10-15 days. Time limit or not
Sorry Takisd but what a load of crap you are dishing out with your opinion about No time limits. Maybe just stick with your 30 day quick screw traders over plans and leave the no time limit to pro's who can handle it.
  • #16,903
  • Jun 22, 2023 5:55pm Jun 22, 2023 5:55pm
Quoting SkullCandy
{quote} p.s. dont rush
Ya no need to rush. 20 business days with limitations on news trading should be plenty to make 10%.
  • #16,904
  • Jun 22, 2023 6:21pm Jun 22, 2023 6:21pm
Attached Image
Pride always comes before destruction.... -Proverbs 16:18
  • #16,905
  • Jun 22, 2023 7:20pm Jun 22, 2023 7:20pm
Quoting OutThere
I don't know how the traders that like a 30 day limit and enjoying it so much, can make 8 or 10% required in this slow month of June.
-I do not think that anyone likes or enjoys having a 20/30-day time limit. It is more of a concession than anything.

If anyone is having trouble meeting the profit targets in time, I can suggest a few tips:

1. Trade a volatile pair, during a volatile session (indices during NY session work well).
2. Trade lower time-frames to increase trading opportunities.
3. Take on bigger position sizes, or, take on more trades throughout each day to increase profit-potential.

If this is not possible, then there are firms that offer unlimited and/or extended time.
  • #16,906
  • Jun 22, 2023 7:31pm Jun 22, 2023 7:31pm
Quoting Nsak3y
{quote}-I do not think that anyone likes or enjoys having a 20/30-day time limit. It is more of a concession than anything. If anyone is having trouble meeting the profit targets in time, I can suggest a few tips: 1. Trade a volatile pair, during a volatile session (indices during NY session work well). 2. Trade lower time-frames to increase trading opportunities. 3. Take on bigger position sizes, or, take on more trades throughout each day to increase profit-potential. If this is not possible, then there are firms that offer unlimited and/or extended...
Your suggestions are pretty much what blows up an account.
How about: Don't trade a volatile pair especially during ba volatile session. Don't trade lower time-frames to eliminate false signals and whiplash. Don't trade bigger position sizes cause they also do come with bigger losses. And yes, what is the hurry when there are firms that offer unlimited time?
Got it. Thanks.
  • #16,907
  • Jun 22, 2023 7:40pm Jun 22, 2023 7:40pm
Quoting OutThere
Your suggestions are pretty much what blows up an account.
-This is what is required in order to flip an account in 20-30 days; you must take on more risk. You said that you did not understand how others were doing it. This is how.

Quoting OutThere
Got it. Thanks.
-No problem.
  • #16,908
  • Jun 22, 2023 7:57pm Jun 22, 2023 7:57pm
Quoting Nsak3y
{quote}-This is what is required in order to flip an account in 20-30 days; you must take on more risk. You said that you did not understand how others were doing it. This is how. {quote}-No problem.
Yup, become a cowboy and hit it hard. That's how they rush you to make decisions you wouldn't make if you had the no time limit.
BTW, to flip an account in 20-30 days, no time limit props can be used too, so why go with a prop that limits you instead of one that lets you do whatever you like?
My not understanding was an expression that meant 'it doesn't make sense..' but you did clarify it for me by saying it is just a matter of taking on more risk which is exactly what the props want you to do, so they can pocket some easy money from you making rash decisions.
  • #16,909
  • Jun 22, 2023 8:05pm Jun 22, 2023 8:05pm
Quoting OutThere
{quote} Yup, become a cowboy and hit it hard. That's how they rush you to make decisions you wouldn't make if you had the no time limit. BTW, to flip an account in 20-30 days, no time limit props can be used too, so why go with a prop that limits you instead of one that lets you do whatever you like? My not understanding was an expression that meant 'it doesn't make sense..' but you did clarify it for me by saying it is just a matter of taking on more risk which is exactly what the props want you to do, so they can pocket some easy money from you...
The only logic to hate unlimited time model is it posts a great disadvantage to the darlings - FTMO and MFF.
maybe should do a challenge for these 2 models, like you did sometime back to prove a point.
Rabbit and Tortoise race challenge. Any taker?
  • #16,910
  • Jun 22, 2023 8:06pm Jun 22, 2023 8:06pm
See, all the guys loving the 20 days to make 10% deal encourage/advise to trade bigger, faster, lower time frame...bla bla bla. All that is music to the ears of props. The props don't even have to engage in sneaky suggestive behaviour to encourage the trades to hurry and give up their fee as fast as possible when they have guys in the forums that push the same thing.
https://www.forexfactory.com/thread/...5#post14471695
  • #16,911
  • Jun 22, 2023 8:07pm Jun 22, 2023 8:07pm
Quoting failinforex
{quote} The only logic to hate unlimited time model is it posts a great disadvantage to the darlings - FTMO and MFF. maybe should do a challenge for these 2 models, like you did sometime back to prove a point.
Haha, lol. Thanks for remembering.
I'm up for it. Idea is who lasts longer, not who comes in fastest.
  • #16,912
  • Jun 22, 2023 8:12pm Jun 22, 2023 8:12pm
A while back, the guy from Blue Guardian asked me what they could do to improve themselves and be a better prop. I replied; offer unlimited time. He never replied.
Now I see them (probably struggling to keep up) offering an extension in time. I forgot how long is the extension but it is certainly a strain for them and obviously it risks having to deal with more traders who have passed. It shows how hard it is for these firms to forgo the juicy 20 day paydays for themselves.
  • #16,913
  • Jun 22, 2023 8:15pm Jun 22, 2023 8:15pm
Quoting OutThere
{quote} Haha, lol. Thanks for remembering. I'm up for it. Idea is who lasts longer, not who comes in fastest.
I remember when I recoup a live account with MFF it was around $92,300, it was my first live account. I place very small orders 0.2 lot and within 3 months I recovered the account, this experience taught me a great lesson on trading.
  • #16,914
  • Jun 22, 2023 8:19pm Jun 22, 2023 8:19pm
Quoting failinforex
{quote} I remember when I recoup a live account with MFF it was around $92,300, it was my first live account. I place very small orders 0.2 lot and within 3 months I recovered the account, this experience taught me a great lesson on trading.
Ya, EASY DOES IT.
Good job for recovering.
  • #16,915
  • Jun 22, 2023 8:29pm Jun 22, 2023 8:29pm
Beloved prop, their time limit and this is the result:
https://www.forexfactory.com/thread/...7#post14441597
  • #16,916
  • Jun 22, 2023 8:37pm Jun 22, 2023 8:37pm
unlimited time is the best,no pressure,many are profitable,they just can't do the 10% in a month coz of psychological pressure
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  • #16,917
  • Jun 22, 2023 8:41pm Jun 22, 2023 8:41pm
I have to be careful here when it comes to the phrase 'No Time Limit'.
It could also mean no time limit to pass.....as in day one and one trade you pass.
Yes, that would definitely encourage someone high on 20 Espressos (Think Kramer) to want to pass the challenge as fast as possible and obviously, the prop would love customers like that.
  • #16,918
  • Jun 22, 2023 9:11pm Jun 22, 2023 9:11pm
Quoting OutThere
BTW, to flip an account in 20-30 days, no time limit props can be used too, so why go with a prop that limits you instead of one that lets you do whatever you like?
-I think, there may be different reasons for why traders may choose different firms. Some of the no-time-limit firms are still pretty new, I think, also.

Quoting OutThere
it is just a matter of taking on more risk which is exactly what the props want you to do, so they can pocket some easy money from you making rash decisions.
-Sure. I think that traders understand this, mostly. The model probably would not work if it were easy.
  • #16,919
  • Edited 10:48pm Jun 22, 2023 9:12pm | Edited 10:48pm
Quoting Takisd
If you have so little faith in your system that you can’t bump your r:r a bit to pass an ftmo challenge you probably shouldn’t be getting funded anywhere. No time limits is a gimmick to pray on traders who already lose. They think “wow what a relief” but they still hit the data point of failing writhing 10-15 days. Time limit or not
'shouldn’t be getting funded anywhere.'
Check the Top trader on Darwinex. The probability of him passing ftmo challenge is low according to his trading history. But he is managing 35 million. I guess he is not interested in getting 0.2 million account from ftmo.

Have you ever realized that your comment is a paradox？
You said 'No time limits is a gimmick to pray on traders who already lose, they still fail within 10-15 days'. Whether 30 days or no time limit, those traders will fail quickly, no difference for them. So why you worry about providing no time limit? The reason is very simple. You know the main income for every so-called prop firm is the challenge fees. As you are already funded by ftmo /mff, you do not want traders who can generate around 2% per month consistently to get funded by those prop firms. All traders profit splits mainly come from the challenge fees. If many 2% consistent traders get funded, the prop firms may not be able to pay profit split in the long run and your profit split will be affected. By setting 30 calendar days limit, they reject 2% consistent traders, and their business can continue for a long time. There is also a possibility that you are connected to MFF, based on your previous posts. You are worried that losing traders are attracted to no time limit prop firms and MFF may lose its market share and have less revenue.

Anyway, every prop firm can choose their business model. If consistent traders do not like the terms of a prop firm, they can go to other prop firms, or regulated asset management companies like Darwinex which also provides no time limit.
  • #16,920
  • Jun 22, 2023 9:21pm Jun 22, 2023 9:21pm
Quoting failinforex
The only logic to hate unlimited time model is it posts a great disadvantage to the darlings - FTMO and MFF.
-I think that, from a business perspective, there are some considerations that can be made regarding the potential downfalls for the unlimited model.

For example, pass (fail) rates are a driving force behind the sustainability of these prop firms, especially long-term. So if unlimited time allows for greater pass rates (fewer fail rates), then this could be a potential downfall.

There are also potential issues that may arise with server costs, data processing and efficiency, administrative time/costs etc., which can not only impact your bottom line, but can potentially effect other traders.

I think, both of these issues may be valid concerns for firms and traders.
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