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  • #17,541
  • Jul 6, 2023 3:42pm Jul 6, 2023 3:42pm
Quoting Expo33
Rut Roh. Looks like we all pissed off Dougie boy {image} PS. Sorry I rarely offer anything of value on this thread
You provide the most value to this thread. Who is dougie? And why is he Angelo?
  • #17,542
  • Jul 6, 2023 4:42pm Jul 6, 2023 4:42pm
Quoting OutThere
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...
In any case...40 to 50 pips spike is not acceptable on earth with any broker.

One can not pass evaluation with 0.01 lots.

Trading 0.01 lot in funded account is not necessary. One can trade in 100 usd account with same 8 cap broker. No need to sweat for passing challenge.

The idea of prop firm passing is to have huge capital ....
Intraday only.
  • #17,543
  • Jul 6, 2023 4:44pm Jul 6, 2023 4:44pm
The idea of posting this is to expose bad/scam firms.

One can have plans to escape from scams..by trading 0.01 lots. That is trading plan ..your skill. Nothing to speak about quality of firms.

Expose bad firms. Encourage real good firms. That is why this thread
Intraday only.
  • #17,544
  • Jul 6, 2023 4:51pm Jul 6, 2023 4:51pm
I wish to trade with good firms with 2 lots..instead of mitigating the risk of scam firm by my trading skill.
Intraday only.
  • #17,545
  • Edited 5:19pm Jul 6, 2023 4:54pm | Edited 5:19pm
There was a post... he passed phase 1 evaluation , 8 % in 6 hours.

That speaks volumes about his skill...

He waited for a set up so as to achieve 8 % profit in a single swing.

That must be appreciated and not to be criticized.

One can pass evaluation by swaeating every day. Or wait for set up to occur and go at it ,

It all depends on individual skill and trading plan.

One can not trade evaluation like funded account and neither funded account to be traded like evaluation.
Intraday only.
  • #17,546
  • Jul 6, 2023 5:26pm Jul 6, 2023 5:26pm
Quoting navk
{quote} One can not pass evaluation with 0.01 lots.....
One can pass evaluation with .01 lots, except it will take longer hence unlimited time account.
  • #17,547
  • Jul 6, 2023 5:31pm Jul 6, 2023 5:31pm
Quoting navk
There was a post... he passed phase 1 evaluation , 8 % in 6 hours. That speaks volumes about his skill... He waited for a set up so as to achieve 8 % profit in a single swing. That must be appreciated and not to be criticized. One can pass evaluation by swaeating every day. Or wait for set up to occur and go at it , It all depends on individual skill and trading plan. One can not trade evaluation like funded account and neither funded account to be traded like evaluation.
You have a lot of one can do this and one can't do that.
YES, One can trade evaluation like funded account and funded account like evaluation.
  • #17,548
  • Edited 7:30pm Jul 6, 2023 5:40pm | Edited 7:30pm
Quoting OutThere
{quote} One can pass evaluation with .01 lots, except it will take longer hence unlimited time account.
I have few grey hairs on my head after strting to trade prop firm account.

By the time, I pass evaluation with 0.01 lots with unlimited time option, my head will have full of grey hairs.

lol

Individual choice and risk appetite.

The firm must be suitable for any traders with any risk appetite.

That is my point.

Frankly speaking, I traded with :

MFF ( one can have max 600k account size )
FTMO ( One can have max 400k account size )
TFf ( One can have max 400k account size )
TFTP

AnD I find that the top three better. Why to waste and loose money with TFTP ? When I have good options ?
Intraday only.
  • #17,549
  • Jul 6, 2023 5:52pm Jul 6, 2023 5:52pm
One can trade small lot size due to risk management. Less risk appetite. or not sure of what PA might do next.

One should trade small lot size to mitigate scam broker's spread spike ? Answer is strange.
Intraday only.
  • #17,550
  • Edited 9:15pm Jul 6, 2023 6:10pm | Edited 9:15pm
Quoting Capablanca
I hate when companies are this ambiguous. One always feel that the rule is there, handy, to be used if they want to kick us or deny payouts. It seems the martingale, soft martingale and grid of Bespoke. Too unclear. Alpha, for example, prevents martingale but they have a clear definition of what they think it's martingale.
bro my strategy doesn't use martingale, so are they gonna be decent prop firm if one trade without martingale? or are there any popular reasons they deny to pay their traders?
  • #17,551
  • Jul 6, 2023 6:20pm Jul 6, 2023 6:20pm
Quoting navk
One can trade small lot size due to risk management. Less risk appetite. or not sure of what PA might do next. One should trade small lot size to mitigate scam broker's spread spike ? Answer is strange.
Yes, trading small simply to avoid a scammish broker/prop firm slipping you is definitely not the best option. However, when one takes on less risk, the chances of this happening are obvioulsy much less. I believe that is the point OutThere was making. If one is trading where the max daily DD will be violated with a 50 pip move, yes, you need to be very selective with not only the firm, but also the instrument, time of day, upcoming news, etc, etc......
On the other side, that same trade with the 50 pip stop is going to pass phase 1 with an 80 pip move in your favor. I've posted earlier today and I believe last week....you can trade the evals as single trades as if you were risking $500 per trade. However, with the prop an 8:5 trade, which would yield you $800 profit for $500 risk in a personal account, giving you a $1300 account to trade with, will yield you a $10K account to trade with (of course you must pass phase 2 as well).
If one can hit a 33% win rate on 8:5 RR, you can pass 1 out of 3 challenges, a 1.3% profit once funded plus the passed challenge fee back puts you at break even. Anything above 1.3%, including ALL future payouts is profit. You can plug win rates, RR and potential profit once funded to find your exact sweet spot. Everyone is different.
Of course, everything also depends on your start up capital. This is a business. If you only have $500 start up, you are probably going to be more risk adverse. If you have 10K to throw at challenges, then treating each one as an individual trade may be much quicker and more efficient.
Then there is also reinvesting profits, let's say you hit 1 out of 3 challenges, but make 3.5% on your funded account, now you're up 1800-1900, this can be reinvested in more challenges RISK FREE, it is house money.
  • #17,552
  • Edited 7:28pm Jul 6, 2023 7:00pm | Edited 7:28pm
Quoting pipmaster77
{quote} Yes, trading small simply to avoid a scammish broker/prop firm slipping you is definitely not the best option. However, when one takes on less risk, the chances of this happening are obvioulsy much less. I believe that is the point OutThere was making. If one is trading where the max daily DD will be violated with a 50 pip move, yes, you need to be very selective with not only the firm, but also the instrument, time of day, upcoming news, etc, etc...... On the other side, that same trade with the 50 pip stop is going to pass phase 1 with...
I understand his point of view regarding lot size.

And I agree fully to your post here.

After blowing funded accounts, I have now reduced a lot in lot sizing... which if fetches 0.03 to 0.5 % a day, I would be extremely happy.

I would aim max 0.5 to 0.7 % in a funded account per account ( For 2 x 100 k accounts )

One can have 3 to 5 nos 100k account. ( In this case, I would aim max 0.3 to 0.5 % per account in a day
Intraday only.
  • #17,553
  • Jul 6, 2023 7:01pm Jul 6, 2023 7:01pm
Quoting navk
I passed yet another phase 2 and earned another 100k funded account today. I will now merge 2x100k accounts and trade {image}
in latest post you stated that you trade 600k with MFF. Here you said you are merging the two 100k accounts, are these extra accounts? So you definitely have experience merging account with MFF, may I ask after merging the account into 200k, when will be your first payout 14 days or 30 days for this 200k account?
  • #17,554
  • Edited 8:07pm Jul 6, 2023 7:26pm | Edited 8:07pm
Quoting failinforex
{quote} in latest post you stated that you trade 600k with MFF. Here you said you are merging the two 100k accounts, are these extra accounts? So you definitely have experience merging account with MFF, may I ask after merging the account into 200k, when will be your first payout 14 days or 30 days for this 200k account?
I stated what is max allowable account size in those prop firms.

MFF, will pay first month after 30 days, ( with minimum 10 trading days ) 75 % share

Second month 80 % share, every 14 days. ( no minimum trading days )

Third month onwards, 85 % share every 14 days ( no minimum trading days )
Intraday only.
  • #17,555
  • Jul 6, 2023 8:05pm Jul 6, 2023 8:05pm
Quoting navk
I passed yet another phase 2 and earned another 100k funded account today. I will now merge 2x100k accounts and trade {image}
my inspiration
  • #17,556
  • Jul 6, 2023 8:33pm Jul 6, 2023 8:33pm
Quoting beastwork
{quote} Do you think the Bootcamp is a waste of time with it's lousy 1:10 leverage? I can't quite decide between Hypergrowth and Bootcamp. The 3% daily shutdown in Hypergrowth is a real turnoff.
I've never liked 3 phase programs. I'd rather 2 phase, single phase, or instant funding, and of the three usually 2 phase is a better value. With Bootcamp, the cost of entry is cheap, but you have to hit 6% three times before your funded account. I'd rather go for the Hyper Growth over Bootcamp because you are getting paid from day one on an instant account in comparison, and the target is 10% instead of 6% x 3. Yes, there is a daily "pause" of 3%, but that's half your max drawdown which is all I would risk in a day anyway on any account's max drawdown amount. I wouldn't risk more than half my total drawdown in a single day, no matter what the daily drawdown is. I like that it's a pause instead of a breach though, that's a cool feature. Also, the leverage is 1:30 instead of 1:10. So yeah, I think Hyper Growth is a better value than Bootcamp, but maybe others have a different opinion and can shed some light on their thought process.

Of all three programs, the 2 step High Stakes is definitely the best bargain. I just don't like that pesky news rule. However, I've now been told that if a trade is opened several minutes before news and it hits TP or SL within the 4 minute news window and you aren't specifically trading news throughout the course of your trading, then it will not be considered a violation. So it's a bit of an open-ended rule, subject to interpretation, and I'd feel more comfortable seeing it defined better in writing on their website. The5ers has a very good reputation though, so I would trust they would do the right thing and make a good judgment call or listen to an appeal if you are definitely not gambling on news and putting their capital at risk. I don't think they are intending to use this as a loophole to fail traders on purpose. If you are comfortable with all that, then High Stakes is the way to go.
  • #17,557
  • Jul 6, 2023 8:44pm Jul 6, 2023 8:44pm
Quoting navk
{quote} I stated what is max allowable account size in those prop firms. MFF, will pay first month after 30 days, ( with minimum 10 trading days ) 75 % share Second month 80 % share, every 14 days. ( no minimum trading days ) Third month onwards, 85 % share every 14 days ( no minimum trading days )
Ok you edited the post that gives the impression that you have maxed out with all the prop firms.
After you merged the two 100K accounts with MFF it become a 200K account.
With this 200k account will your first withdrawal be 14 days or 30 days?

I believe they are many here that have merged their accounts anyone can help to answer.

another question is if you have two 100k accounts that are more than 6 months and enjoying 85% and you merge them, will you still enjoy the same 85% and 14 days payout with the newly merged account?
  • #17,558
  • Jul 6, 2023 9:18pm Jul 6, 2023 9:18pm
Quoting navk
{quote} I stated what is max allowable account size in those prop firms. MFF, will pay first month after 30 days, ( with minimum 10 trading days ) 75 % share Second month 80 % share, every 14 days. ( no minimum trading days ) Third month onwards, 85 % share every 14 days ( no minimum trading days )
mff vip offering 90% share..with no limited time withdrawal..are you vip navk? because i wanna ask.. vip is just for 1 account or all acount in dashboard..?
  • #17,559
  • Jul 6, 2023 9:20pm Jul 6, 2023 9:20pm
Quoting voeltoez
{quote} mff vip offering 90% share..with no limited time withdrawal..are you vip navk? because i wanna ask.. vip is just for 1 account or all acount in dashboard..?
my bro u are playing dota in sea, and also a trader, can we follow each other. It seems you are a successful trader, dont worry imma not asking u anymoney or anything like that.
  • #17,560
  • Jul 6, 2023 11:17pm Jul 6, 2023 11:17pm
Quoting KoyaAndy18
{quote} my bro u are playing dota in sea, and also a trader, can we follow each other. It seems you are a successful trader, dont worry imma not asking u anymoney or anything like that.
im not play anymore my bro..my latest play was 7 yrs ago..
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