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  • #17,921
  • Jul 15, 2023 10:40pm Jul 15, 2023 10:40pm
Quoting beastwork
{quote} Dude can you please stop raging? MFF allows copiers. Your interpretation of their rules is wrong. There are people all over internet showing that they use copiers with them. And instead of spamming the thread why not just communicate directly with them.
Dude, can you please stop raging?

I don't care about copy trading as I don't copy trade.
My concern is EA trading. That is a legit concern when choosing a prop. That is within the topic. No one has replied from the firm and therefore I am asking the public with vested interest.

Go watch one of those Netflix specials to relax yourself.
  • #17,922
  • Jul 15, 2023 10:55pm Jul 15, 2023 10:55pm
OK, let me rephrase the question.
Has anyone used an actual trading EA with mff, not a trade manager, not a copier, but one that does the deed at the command of the account holder?
Without any trouble?
Both in challenge and funded?
Without having to hand it over for inspection and approval?
Without being picked on lot size, sl, news. or whatever other rules other than the usual dd rules?

If yes, then with unlimited time, it maybe a contender now.
  • #17,923
  • Jul 15, 2023 10:58pm Jul 15, 2023 10:58pm
Quoting OutThere
{quote} They are a couple of old antiquated dinosaurs that finally as a reactionary measure decided to catch up with the caravan and make it unlimited time. They know if they didn't they were finished and there is still a chance for them to drown under the weight of the newcomers if they don't give up their other stupid idiosyncrasies like fear of news trading and EAs.
What fear of news trading? MFF has no restrictions and neither does the FTMO swing account.
  • #17,924
  • Edited 11:20pm Jul 15, 2023 11:04pm | Edited 11:20pm
Quoting pipmaster77
{quote} What fear of news trading? MFF has no restrictions and neither does the FTMO swing account.
I didn't claim mff had news restrictions but thanks for confirming that.
As for ftmo swing, at first glance, leverage is at 1:30 instead of 1:100 but that should be np.
phase 1, 10% profit target as opposed to 8%.
I'll look farther into it.
  • #17,925
  • Jul 15, 2023 11:52pm Jul 15, 2023 11:52pm
Quoting OutThere
OK, let me rephrase the question. Has anyone used an actual trading EA with mff, not a trade manager, not a copier, but one that does the deed at the command of the account holder? Without any trouble? Both in challenge and funded? Without having to hand it over for inspection and approval? Without being picked on lot size, sl, news. or whatever other rules other than the usual dd rules? If yes, then with unlimited time, it maybe a contender now.
Yes, I've used an EA in all phases and funded.

Imo, it's not a traditional EA. It allows me to draw a line on a chart and the EA buys/sells when price hits the line. TP/SL/TS etc can all be set in advance as well. Never had any problem and never had to send in any code to MFF.
Pride always comes before destruction.... -Proverbs 16:18
  • #17,926
  • Jul 16, 2023 2:21am Jul 16, 2023 2:21am
Lol and to think I spent $500 to prove this asshole wrong. What a fucking idiot I am.
  • #17,927
  • Jul 16, 2023 2:33am Jul 16, 2023 2:33am
Quoting pipmaster77
{quote} What fear of news trading? MFF has no restrictions and neither does the FTMO swing account.
Very bad slippage on MFF during news.
  • #17,928
  • Jul 16, 2023 2:36am Jul 16, 2023 2:36am
Quoting OutThere
OK, let me rephrase the question. Has anyone used an actual trading EA with mff, not a trade manager, not a copier, but one that does the deed at the command of the account holder? Without any trouble? Both in challenge and funded? Without having to hand it over for inspection and approval? Without being picked on lot size, sl, news. or whatever other rules other than the usual dd rules? If yes, then with unlimited time, it maybe a contender now.
I have traded several EA's on their Rapid challenge without any issues other than constant slippage especially on gold.
  • #17,929
  • Jul 16, 2023 5:29am Jul 16, 2023 5:29am
Quoting OutThere
OK, let me rephrase the question. Has anyone used an actual trading EA with mff, not a trade manager, not a copier, but one that does the deed at the command of the account holder? Without any trouble? Both in challenge and funded? Without having to hand it over for inspection and approval? Without being picked on lot size, sl, news. or whatever other rules other than the usual dd rules? If yes, then with unlimited time, it maybe a contender now.
Yes, I have. It is not allowed on some programs like Accelerated, but is allowed on the Evaluation program. You have to read the rules for each program, because they are not the same.
  • #17,930
  • Jul 16, 2023 6:37am Jul 16, 2023 6:37am
Quoting Takisd
Lol and to think I spent $500 to prove this asshole wrong. What a fucking idiot I am.
Where did you spent $500?
What asshole?
What are you proving wrong?
  • #17,931
  • Jul 16, 2023 7:16am Jul 16, 2023 7:16am
Quoting ladder
{quote} Hey navk, I saw you passed several MFF challenges in a few days. If I execute a 20 or 10 Lots GBPUSD trade during the challenge (demo account), is there any slippage due to the size of the trade? If yes, how big is the slippage? I can accept 0.5 pip. Thanks!
I do not trade big lot positions.

Max position size is 3 to 5 lots I traded.

MFF, slippage... I did not see much.

Usual slippage...any time in gbpusd is 0.1 extra
Intraday only.
  • #17,932
  • Jul 16, 2023 7:20am Jul 16, 2023 7:20am
Quoting beastwork
{quote} If you can't find success with prop firms without a time limit you simply are not ready. If you are not READY you should NOT be trading with prop firms. Free retries are no longer necessary unless you are not READY
yes.
Intraday only.
  • #17,933
  • Jul 16, 2023 7:23am Jul 16, 2023 7:23am
Quoting Capablanca
{quote} You seem to assume that a person is waiting hours, days or week for ONE setup and then passes with only that setup. Instead, you can think about someone that uses a cross of a sma200 and something else. That person can be weeks or even months without a signal. He would have to be lucky to be able to get a signal in the 30 days. Now with unlimited he can buy and wait.
GBPUSD moves minimum 200 pips in a week.

ADR for this pair is 90 pips.

If some one catches daily candle in line with weekly candle, he can easily pass in 1 week challenge.
Intraday only.
  • #17,934
  • Jul 16, 2023 7:46am Jul 16, 2023 7:46am
Quoting KoyaAndy18
Passing Prop Challenge with Newstrading : Forex (reddit.com) any thoughts on this thread on reddit, i already read this idea on the same subreddit, but i dont think its a good idea because i only see people crying on MFF discord a few minutes after a red news. someone said he gets more profit, back then i was wondering why i get more profit than what i expected due to news trading on mff. now im no longer trading the news but will this be a good...
Sometimes in the first minute of the news the change in price is huge. Basically price jumps from A to B. The prices netween A and B are then not filled. Trades are then filled around B.

I don’t know how good the trades between A and B are filled at the real brokers. Maybe need to test this with 0,01 lot.
  • #17,935
  • Jul 16, 2023 8:09am Jul 16, 2023 8:09am
I give a clue.

I see downtrend started in gbpusd.

It can be called down trend or retrace.

Catching this trend/retrace will enable traders to pass challenge, phase 1 or 2 within next week.

100 to 150 pips retrace is what i expect.

It is not a signal but my analysis. Risk management and entry price is absolutely important.
Intraday only.
  • #17,936
  • Jul 16, 2023 8:11am Jul 16, 2023 8:11am
Quoting navk
{quote} I do not trade big lot positions. Max position size is 3 to 5 lots I traded. MFF, slippage... I did not see much. Usual slippage...any time in gbpusd is 0.1 extra
Ditto. I trade small in relation to the account size and I do not experience slippgae. If one uses limit orders, you will see positive slippage more often than not. Same with TPs, I see positive slippage quite often. The size lots folks see slippage on, would have more slippage on a traditional, retail broker account. Once again, this is the forex market, I'm not sure as to why folks expect UNREALASTIC conditions with the props.
  • #17,937
  • Jul 16, 2023 8:15am Jul 16, 2023 8:15am
Quoting KoyaAndy18
Passing Prop Challenge with Newstrading : Forex (reddit.com) any thoughts on this thread on reddit, i already read this idea on the same subreddit, but i dont think its a good idea because i only see people crying on MFF discord a few minutes after a red news. someone said he gets more profit, back then i was wondering why i get more profit than what i expected due to news trading on mff. now im no longer trading the news but will this be a good...
It's called straddling and it doesn't work. You may get lucky one or two times. If trading was as easy as placing abuy stop above price and a sell stop below price......well, no need to finish the statement.
  • #17,938
  • Jul 16, 2023 9:21am Jul 16, 2023 9:21am
Quoting pipmaster77
{quote} It's called straddling and it doesn't work. You may get lucky one or two times. If trading was as easy as placing abuy stop above price and a sell stop below price......well, no need to finish the statement.
we were all there.

I was there in 2016
  • #17,939
  • Jul 16, 2023 9:30am Jul 16, 2023 9:30am
Quoting pipmaster77
{quote} It's called straddling and it doesn't work. You may get lucky one or two times. If trading was as easy as placing abuy stop above price and a sell stop below price......well, no need to finish the statement.
By straddling ( I came to the technical name after your post ) lost personal trading account/s. in the past
Intraday only.
  • #17,940
  • Jul 16, 2023 10:45am Jul 16, 2023 10:45am
Quoting navk
{quote} By straddling ( I came to the technical name after your post ) lost personal trading account/s. in the past
It's a painful lesson that most will likely experience. Regardless there are those that still chase it, thinking that's the only way to make money trading.
Trade with confidence, trade without fear.
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