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  • #17,481
  • Jul 5, 2023 3:33pm Jul 5, 2023 3:33pm
The problem with 8crap is that they allow parametrization from the prop firms for slippage. Many people, myself included, already noticed same trades, at the same time, with very different slippage in 8crap.

When I was trading Funded Next, for example, even in a 0.1 lot I would get always around 0.8 pips slippage on EURUSD, London session, out of news. Always. like a clock. It was a clearly (bad) parametrized thing that didn't even consider the volume traded.

All the other 8craps, with more or less slippage, have the same thing.
  • #17,482
  • Jul 5, 2023 3:35pm Jul 5, 2023 3:35pm
Quoting Takisd
{quote} No sir, I have a brain sometimes. Give me a firm you want me to do it at. I might fail but i will grab some nice random slippage screenshots in the process for you. I will accept any 8cap company other than myfundedfx cos i dont want to give my money to a troglodyte.
Best would have been myfundedfx but how about TFT? Owner claims it is worth 100 Mil.
  • #17,483
  • Jul 5, 2023 3:37pm Jul 5, 2023 3:37pm
Quoting OutThere
{quote} Best would have been myfundedfx but how about TFT? Owner claims it is worth 100 Mil.
Ok but waiting for them to do their upgrade to no time limit on friday then ill buy TFT again. I gave it up because of how bad it was so.... so ill donate to the ego beard.

Edit: I am going to test my AI signals I am building to see if my theory works. They are not scalping trades if it matters.
  • #17,484
  • Jul 5, 2023 3:46pm Jul 5, 2023 3:46pm
Quoting Takisd
{quote} Ok but waiting for them to do their upgrade to no time limit on friday then ill buy TFT again. I gave it up because of how bad it was so.... so ill donate to the ego beard. Edit: I am going to test my AI signals I am building to see if my theory works. They are not scalping trades if it matters.
TFT is also coming with ThinkMarkets too, so lets see how slippage is there
  • #17,485
  • Jul 5, 2023 3:57pm Jul 5, 2023 3:57pm
Quoting DeltaCapital
{quote} TFT is also coming with ThinkMarkets too, so lets see how slippage is there
Great one shit box for another shit box.

If you were going to deposit your money somewhere in a broker, i am sure you wouldnt choose 8cap or thinkmarkets.
  • #17,486
  • Jul 5, 2023 4:15pm Jul 5, 2023 4:15pm
Quoting Takisd
{quote} Great one shit box for another shit box. If you were going to deposit your money somewhere in a broker, i am sure you wouldnt choose 8cap or thinkmarkets.
First see how badly you do before jumping to conclusion.
Based on 8cap's performance so far, I wouldn't hesitate to open a personal account with them.
  • #17,487
  • Jul 5, 2023 4:42pm Jul 5, 2023 4:42pm
Quoting Takisd
{quote} Great one shit box for another shit box. If you were going to deposit your money somewhere in a broker, i am sure you wouldnt choose 8cap or thinkmarkets.
What broker you would suggest or think that prop firms should use?
  • #17,488
  • Jul 5, 2023 6:41pm Jul 5, 2023 6:41pm
Quoting OutThere
Can some of you 8cap haters qualify you claims by showng some proof? I find them great. No complaints whatsoever.
If Takisd hates 8cap then I hate 8cap. I trust him with my hate. No proof needed. 8cap sucks
Pride always comes before destruction.... -Proverbs 16:18
  • #17,489
  • Jul 5, 2023 7:25pm Jul 5, 2023 7:25pm
If 8cap is allowing props to control all of the trading conditions that you see on your demo account, then maybe it does not matter much how good or bad 8cap may be as a broker.
  • #17,490
  • Jul 5, 2023 7:27pm Jul 5, 2023 7:27pm
Quoting Capablanca
The problem with 8crap is that they allow parametrization from the prop firms for slippage.
-This is even more concerning when CEO of TFTP seems to want to apply different slippage for different traders, based on how they trade.
  • #17,491
  • Jul 5, 2023 8:29pm Jul 5, 2023 8:29pm
Quoting Nsak3y
{quote}-This is even more concerning when CEO of TFTP seems to want to apply different slippage for different traders, based on how they trade.
Well then, I am immune from those ills so far.
I guess at this very point in time, I can declare for a fact that bad things do indeed happen....to other people.
  • #17,492
  • Jul 5, 2023 8:35pm Jul 5, 2023 8:35pm
Based on his interview, I believe that such measures have not yet been implemented. If I recall correctly, a blanket approach has been used, up to this point, that applies the same conditions for all traders.
  • #17,493
  • Jul 5, 2023 8:47pm Jul 5, 2023 8:47pm
Quoting navk
8 cap as individual broker feed may be good. I never traded with them so I am not sure My opinion is TFTP does simulate the feed received from 8 cap in such a way that the traders fail. I had 100 k funded account and 100 k phase 2 account with them... both violated daily loss limits. The slippage in GBPUSD was 48 pips that time. Had fights with TFTP and abandoned them since then. TFTP is bad firm. Scam. Never loose money in this firm. A good firm will not give promotions... TFTP on daily basis sending email promotions..
It was said that you have previously exposed 8Cap in a way that it justified calling them 8Crap. But the way I read this is that there might have been an external filter added by the prop to manipulate your trades and therefore fail you.

That is obviously different from 8Cap being bad.

Next ideas I am reading around here is that 8Cap allows props to have operational access to their normal feed. Other brokers don't allow that or they don't even take on props and their clients because they are not dishonest and don't engage in shady practice.

So, anyone can throw some light on these types of filters. Something that is not just gossip or innuendo or 'I noticed' this or that or someone claimed it on rant site etc.

I'm not siding with possible cheating brokers and props. I'm just trying to find something real. In this business so many ppl lose money and cry foul that they have been manipulated that it has gotten just so old.

Another thing everyone forgets is that all these spikes and real or installed in slippage is 2 sided. One can benefit from slippage.
Maybe the effort shouldn't be put towards finding cheaters but to flow with it. You can't stop them if there is intentional and surgical effort goes on in everyone's account. Complaining won't solve the issue. One needs to find a way to become immune to it or even profit from it. INDUSTRY DOES IT THAT WAY. If a problem is recognised, a solution is sought and that often leads to having an item with a potential for profit in hand. Sounds like there is a problem recognised already.
  • #17,494
  • Jul 5, 2023 9:07pm Jul 5, 2023 9:07pm
I can almost guarantee that the issue of losing an account due to a spike, be it real or fake, is the lot size chosen. You can't tell me that you blew your 100k account because you had a few .01 lots open. Even 100 of them. It'd take quite a spike to kill a 100K account with a one lot+random spike. Or maybe they bought a 10K account.

So, for a moment, lets say, there is a bit of that heavy trading going on. Some traders want it now and and a lot of times, they get it now. We see "I passed in only 4 hour" posts. That time a spike didn't happen...or maybe spike did happen. I don't recall any such trader complain about a spike that carried them supersonically home.

Just saying, easing off the pedal is helpful most times.
  • #17,495
  • Jul 5, 2023 9:22pm Jul 5, 2023 9:22pm
Quoting OutThere
Next ideas I am reading around here is that 8Cap allows props to have operational access to their normal feed. Other brokers don't allow that or they don't even take on props and their clients because they are not dishonest and don't engage in shady practice.

So, anyone can throw some light on these types of filters. Something that is not just gossip or innuendo or 'I noticed' this or that or someone claimed it on rant site etc.
Inserted Video
  • #17,496
  • Jul 5, 2023 10:39pm Jul 5, 2023 10:39pm
Quoting Nsak3y
{quote} https://youtu.be/d40wmmj9NeE?t=1315
I think I saw that.
The thing is, there a model to run every business.
I don't put it past these guys to be the most unscrupulous greedy sob's but even bad guy, supposedly, need to structure their business in a way that works first of all and secondly be profitable on a scale of reasonable to high. They would also want to stay in business.

I think some of the controls available to him, you would also seek to have if you wanted to stay in business and get real competitive.

MS made so much money from their monopolies but they innovated too. I'm sure they stuck it to the masses with sale of their OS.
It's just that corporations aren't saints. We nag to make them tilt a little closer to being fair but corps can't help it. Anyone remembers Google's moto; don't do evil? (or something like that)

I feel like i am being a shill or something but unfortunately, those who can and have started their prop business, get to possess a lot of power. Also, seems like everyone and their cousin is starting a prop, so the field is open to start that GOOD prop.

Considering we are in wild wild west stage of things, I think things are going quite smoothly other than a few spike wankers complaining.

This Friday morning is going to be great for spike chasers. Looking forward to see some screenshots of those widow maker spikes that were applied to traders that killed their accounts...or attempted to.
  • #17,497
  • Jul 5, 2023 10:51pm Jul 5, 2023 10:51pm
Quoting OutThere
I think I saw that. The thing is, there a model to run every business. I don't put it past these guys to be the most unscrupulous greedy sob's but even bad guy, supposedly, need to structure their business in a way that works first of all and secondly be profitable on a scale of reasonable to high. They would also want to stay in business. I think some of the controls available to him, you would also seek to have if you wanted to stay in business and get real competitive.
-I am just providing what you asked for. I am not making any argument here.
  • #17,498
  • Jul 5, 2023 10:55pm Jul 5, 2023 10:55pm
Quoting Nsak3y
{quote} https://youtu.be/d40wmmj9NeE?t=1315
That guy always wearing oversized headphones bugs my eyes to watch. did he lose his ears somehow and he is covering their memory up? Or do they work like a security blanket? Maybe he has relaxing music pumped into his ears to keep him calm. Could be a continuous loop of Kuching Kuching. Any other theories?

I know I am mean but when you are in public eyes gratuitously, it comes with the territory.
  • #17,499
  • Jul 5, 2023 11:03pm Jul 5, 2023 11:03pm
Quoting Nsak3y
{quote}-I am just providing what you asked for. I am not making any argument here.
Half the time he is so ambiguous. You think when the owner of a prop says things, it means a lot but he just mumbles ideas around as in streaming his conscious or subconscious that it is hard to sometime tell if he did it or just thought about it or even if he has a future plan the he is weighing right now. He also doesn't seem all that confident. He is constantly beside himself that he is where he probably has no business to be. He has a knack of creating more questions with his answers and all the while, one cannot help themselves wonder if he is really the guy behind the prop firm.

I give myself permission to be very judgemental cause I invested time watching the vid. lol
  • #17,500
  • Jul 6, 2023 12:03am Jul 6, 2023 12:03am
Quoting donfriday
{quote} you didnt check the rules? bootcamp and highstake is 14 days inactive now all account is unlimited
We may expect MFF will going unlimited as well in the near future
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