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  • #17,601
  • Jul 7, 2023 4:37pm Jul 7, 2023 4:37pm
Quoting Capablanca
Today one of the Telegram groups is on fire with Dylan from E8 and Matt from MFFx attacking eachother. I'm eating porcorn.
-In Matt's call, he mentioned the crap-talk that occurs between him and other props on social media. He basically said that they do it for fun, if I recall correctly.

Probably, they do it for the buzz and exposure. Come on Barbie, let's go party.
  • #17,602
  • Edited 5:06pm Jul 7, 2023 4:40pm | Edited 5:06pm
Quoting Capablanca
{quote} The bad thing, in general, with merges is that seniority is lost, which can be bad if we were already counting towards the scaling period. I never asked the merge in TFT, for example, because of that. One of the account got scaled in the meantime but not the others. I ended up with 3 accounts which I would prefer rather not.
The advantages :

1) We go cry for extra loss limits ( more than 10000 usd in 100 k account ) in order to pass evaluation.

In merged account, I have 24k loss limit and 10k daily loss limit.

I can trade like 100 k account and not like 200k account.

Meaning I can trade..same 5 lots or 6 lots... with increased dd limits.

2) If I make 400 to 500 dollars in a 100k account, the same 400 to 500 dollars is enough for me while trading 200k merged account with no risk of loosing the account

I made today 792 $ and happy with this , absolutely no fear of loosing account to make this money.

3) Every account will be seperately scaled. If I earn another 100 k account in another 30 days, the scaling for 200k is different than 100 k account.

They call VIP when some one makes 5 withdrawals. VIP for merged 200 k is different and 100 k account is differently calculated.

Do not know what seniority you talk about.
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Intraday only.
  • #17,603
  • Jul 8, 2023 12:30am Jul 8, 2023 12:30am
Quoting MJurban
{quote} I got Information from the Trading Pit, scalping is allowed but a delay of 2 minutes is needed bitwin open and close. that's terribly for an scalper like me, when I have stop buy or sell with tp and SL in the market the open and close can bee in seconds.
after Email to the Support the answer,
This 2 Minute rules does not effekt normal trading like I do but only those traders who try to make big Profits by trading the News with big Position. that's why this Kind of trading is very risky and the TradinPit will not allowed this in the challange
So, no sweat at all, im still fine I have 67 days left to Master the challange.
My stile of trading is with very los Risk, so it will take me some time to make 10% profit,
If I make 10% in 60 days, its a good return for me

llang
  • #17,604
  • Jul 8, 2023 2:47am Jul 8, 2023 2:47am
Quoting MJurban
{quote} after Email to the Support the answer, This 2 Minute rules does not effekt normal trading like I do but only those traders who try to make big Profits by trading the News with big Position. that's why this Kind of trading is very risky and the TradinPit will not allowed this in the challange So, no sweat at all, im still fine I have 67 days left to Master the challange. My stile of trading is with very los Risk, so it will take me some time to make 10% profit, If I make 10% in 60 days, its a good return for me llang

Do you have experience trading futures with them?
  • #17,605
  • Jul 8, 2023 5:07am Jul 8, 2023 5:07am
Quoting LehmanBrotha
{quote} this comes as a big surprise
I called the admins grifters for accepting payments
  • #17,606
  • Jul 8, 2023 5:30am Jul 8, 2023 5:30am
Quoting Takisd
{quote} I called the admins grifters for accepting payments
I mean, it is true. But better to enjoy the show from the sidelines than show your hand.
  • #17,607
  • Jul 8, 2023 10:27am Jul 8, 2023 10:27am
Quoting LehmanBrotha
{quote} Do you have experience trading futures with them?
nö only Forex by now Maybee futures Later
  • #17,608
  • Jul 8, 2023 11:58am Jul 8, 2023 11:58am
Quoting navk
Do not know what seniority you talk about. {image}
When I say losing seniority when merging account is, for example, having an account for 2 months with TFT and 3% profitability (and some other small conditions).
If you achieved 3 months and 6% you get a scaling of 25% (which is basically free money with higher DD).

If on the second month you merge this old account with another one, the new merged account will start from zero towards the objective of 6% and 3 months. So you start from scratch again. That's what I mean losing seniority on the old account when they are merged.

That's one of the disadvantages of merging IMO. The other one is having higher payouts which I also avoid.
  • #17,609
  • Jul 8, 2023 2:28pm Jul 8, 2023 2:28pm
Quoting Capablanca
{quote} When I say losing seniority when merging account is, for example, having an account for 2 months with TFT and 3% profitability (and some other small conditions). If you achieved 3 months and 6% you get a scaling of 25% (which is basically free money with higher DD). If on the second month you merge this old account with another one, the new merged account will start from zero towards the objective of 6% and 3 months. So you start from scratch again. That's what I mean losing seniority on the old account when they are merged. That's one of...
Yes, once again, I see no advantadge to merging. The only advantadge obviously is the larger DD allowing larger postions, easily accomplished by splitting the positions accross the accounts. The disadvantadges are the scaling starts over, your payout period and profit split defaults to the lower %, payouts are higher exposing you to more scrutiny. The big one, though is if you have a 600K account vs. 6x 100K, you blow the 600K you are done, with the latter, you can have different levels of risk accross each, if you blow 2-3, you still have 300-400K in funding
Personally, I like to trade different instruments in different acounts, from a risk perspective, this limits exposure to being too heavy in one instrument. You can also scale-in to positions across multiple accounts, the possibilities are just far greater.
  • #17,610
  • Jul 8, 2023 2:37pm Jul 8, 2023 2:37pm
Quoting pipmaster77
{quote} Yes, once again, I see no advantadge to merging. The only advantadge obviously is the larger DD allowing larger postions, easily accomplished by splitting the positions accross the accounts. The disadvantadges are the scaling starts over, your payout period and profit split defaults to the lower %, payouts are higher exposing you to more scrutiny. The big one, though is if you have a 600K account vs. 6x 100K, you blow the 600K you are done, with the latter, you can have different levels of risk accross each, if you blow 2-3, you still have...
Theoretically, I agree with you.

Practically, 100k account with 5k dd has more chance of blowing the account than 600k account with DD limit 30k.

One should use the merger to manage risk parameters and not to expose to full leverage.

I agree 600 k account will be in radar... but as long as one makes 3 to 5 % in a month... I do not think it is going to be an issue.

On the other hand, it is easy to trade one merged account than trading multiples od 25k accounts. ( unless one uses trade copier )
Intraday only.
  • #17,611
  • Jul 8, 2023 2:44pm Jul 8, 2023 2:44pm
I keep a spreadsheet of prices accross all firms I use or are on my list of "possibles". Only 6 firms are on the list, 4 I use....MFF,FTMO,TFTP and TFF, with 5%ers high stakes and E8 extended being the other 2. FTMO and TFF prices are adjusted regularly as they are paid in euro and change slightly with the exchange rate.
I wanted to share this for anyone with limited capital looking to start small and scale up with profits and refunded fees:
At the lowest price point, you have the 5%ers and MFF offering 5K accounts, for $39 and $49 respectively. $500 max loss with the 5%ers and $600 with MFF.
At the 10K level, MFF is $84 for $1200 max loss and TFF is $97 (89 eur) for $1000.
At the 20-25K, MFF is $139 for $2400 max loss, 5%ers is $165 for $2000, TFTP is $199, TFF $206, E8 $228 and FTMO $273 all for $2500 max loss.
The takeaway is if you are starting small, MFF IS BY FAR THE BEST VALUE. MFF 20K with $2400 is literally half the cost of FTMO 25K with $2500 max loss. For $26 more ($299 vs. $273) you can get an MFF 50K with 6K loss vs. FTMO 25K with $2500 loss.
In addition your target is 8% with 12% (67% return), vs. 10/10 (100% return).
I understand, with FTMO, you are paying a premium for reputation, longevity, etc.......but MFF now has that as well and are truly the better firm at this point......AND LITERALLY HALF THE COST at the lower entry points.
  • #17,612
  • Jul 8, 2023 3:07pm Jul 8, 2023 3:07pm
Quoting navk
Practically, 100k account with 5k dd has more chance of blowing the account than 600k account with DD limit 30k.
-I personally believe that there are pros and cons to both approaches (two larger accounts vs. several smaller accounts, for example). For someone that is willing to take on more risk with bigger position sizes and less trading etc., then going for a couple of larger accounts makes sense, especially given the fact that you will not have to pass as many challenges and you will pay less money, overall.

For example, if someone is only using prop firms to feed their personal account, then the long and slow game may not benefit them as much as going bigger, faster. On the other hand, for someone that sees these props as a long-term earner, then splitting accounts up and going slow and steady will do them well. Then there are those that may do a hybrid approach by having their slow and steady earners while also playing the high-risk game on separate accounts.

The best approach may depend on the trader's goals and circumstances. Nothing wrong with any of these, in my opinion, unless your goals require a dependency to prop funds over the long-term.
  • #17,613
  • Jul 8, 2023 4:34pm Jul 8, 2023 4:34pm
Personally going all in is thrilling.
  • #17,614
  • Jul 8, 2023 5:57pm Jul 8, 2023 5:57pm
Quoting Takisd
Personally going all in is thrilling.
-It beats going all-in at a casino where the odds are not as favorable.
  • #17,615
  • Jul 8, 2023 11:28pm Jul 8, 2023 11:28pm
Quoting Takisd
Personally going all in is thrilling.
Personally loosing all at one time and at the same time also will be thrilling.

Try your best.

Intraday only.
  • #17,616
  • Jul 9, 2023 4:57am Jul 9, 2023 4:57am
Quoting navk
{quote} Personally loosing all at one time and at the same time also will be thrilling. Try your best.
for extra points, do it on Gold or Bitcoin

  • #17,617
  • Jul 9, 2023 5:16am Jul 9, 2023 5:16am
News from TFT :

DD 10% Standard Challenge are now active

Addon (12%) : 64$ for a 50 K !!! (363$ vs 299$ for 10%)
  • #17,618
  • Jul 9, 2023 5:35am Jul 9, 2023 5:35am
I will buy tomorrow 200k so out there gets to see the lovely slippage settings of TFT.

they also added some rules about news scalping and lot size limits. So my experiments will have restrictions.
  • #17,619
  • Jul 9, 2023 6:18am Jul 9, 2023 6:18am
Quoting pipmaster77
I keep a spreadsheet of prices accross all firms I use or are on my list of "possibles". Only 6 firms are on the list, 4 I use....MFF,FTMO,TFTP and TFF, with 5%ers high stakes and E8 extended being the other 2. FTMO and TFF prices are adjusted regularly as they are paid in euro and change slightly with the exchange rate. I wanted to share this for anyone with limited capital looking to start small and scale up with profits and refunded fees: At the lowest price point, you have the 5%ers and MFF offering 5K accounts, for $39 and $49 respectively....
This is good post.

And I would appreciate if you take your time to compare the trading conditions too.

Like spread, commision, slippage, server, feed, freezing and hidden agenda of firm to make traders to loose.
Intraday only.
  • #17,620
  • Jul 9, 2023 6:23am Jul 9, 2023 6:23am
Of late i am not trading with FTMO for reasons, I find MFF is the best at this time. I noticed some 60 pips slippage in gpusd pair some 2 years ago... in a challenge account.

How is their spread and slippage during news events ?
Intraday only.
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