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  • #18,121
  • Jul 20, 2023 3:41pm Jul 20, 2023 3:41pm
Quoting Takisd
{quote} I am fairly certain it is not.
Why not? In any case there are several similar modules available.
  • #18,122
  • Jul 20, 2023 3:43pm Jul 20, 2023 3:43pm
Quoting TraderTero
{quote} Why not? In any case there are several similar modules available.
I'm curious about that too. I don't know much about MT4 plugins . But when I see things like :
Advantages

  1. Invisibility: market-like behaviour through randomized delays and slippages.

Come on lol. This is something I would probably use myself if I was a MT4 "Broker" who offered demo accounts to left and right in simulated environment. So its that easy to create a prop firm. Get some investors who can take the first payout hits. Then good to go with the thug marketing. "Look at all these payouts. Hey this interview with this dude he got massive payout. Maybe a discount? Hey we got unlimited time now. You sure you dont want to try your luck? I forgot to mention this ranking list high payout huh how can you not want to try?"

Copy paste here.

  • #18,123
  • Jul 20, 2023 3:46pm Jul 20, 2023 3:46pm
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From one of the Telegram groups.
  • #18,124
  • Jul 20, 2023 3:51pm Jul 20, 2023 3:51pm
Quoting labu
{quote} I'm curious about that too. I don't know much about MT4 plugins . But when I see things like : Advantages Invisibility: market-like behaviour through randomized delays and slippages. Come on lol.
I know that this type of modules are quite widely used by b-bookers. Matt seems to be pissed off by passing services who know how to circumvent them.
  • #18,125
  • Jul 20, 2023 4:01pm Jul 20, 2023 4:01pm
Quoting TraderTero
{quote} Why not? In any case there are several similar modules available.
Firstly because its 500 bucks. And no broker like 8cap or thinkmarkets or any massive one would put such a plugin on their server risking every user on their server.

Secondly, because when you execute using such shitty plugins, you will see all sorts of magnificent feed spikes and obvious manipulation patterns.

Whilst its right to accuse brokers and props of "manipulation" its just not the way they do it. Everything is done at bridge level now.

I'll give you an example.

Because retailers believe bullshit and want to arbitrage for free money, the only way to combat it is to put a 300+ms execution delay in the bridge. That means on all market orders (market or stop) there is a delay in execution. Its necessary to stop arbitrage (if you dont do it this way it becomes rampant) but it leads to micro slippage, so perhaps you see 0.1 0.2 slippage on most orders, thats because of the time it takes to execute being slower than a tick.

If you want to add slippage layers to mimic real order book trading conditions you can.

What you do is you put slippage at X pips or pip range if order = greater than y. This is what TFT and fundednext do. MFF used to do it but now they seem to be using a roaming vwap method that is based on actual order book size.

Plugins are like early 2000's, once VDP got found out everyone stopped using them. They are dangerous anyway, because if they bug they can completely mess up your trading server.
  • #18,126
  • Jul 20, 2023 4:07pm Jul 20, 2023 4:07pm
Quoting Takisd
{quote} Firstly because its 500 bucks. And no broker like 8cap or thinkmarkets or any massive one would put such a plugin on their server risking every user on their server. Secondly, because when you execute using such shitty plugins, you will see all sorts of magnificent feed spikes and obvious manipulation patterns. Whilst its right to accuse brokers and props of "manipulation" its just not the way they do it. Everything is done at bridge level now.
They could very well put such plugin on their demo server. However, it's really insignificant whether they do it on bridge level or server level as the end result is the same.
  • #18,127
  • Jul 20, 2023 4:10pm Jul 20, 2023 4:10pm
Quoting TraderTero
{quote} They could very well put such plugin on their demo server. However, it's really insignificant whether they do it on bridge level or server level as the end result is the same.
Sure and you are right to say they do something, but so do the brokers. Literally all of them.
  • #18,128
  • Jul 20, 2023 8:18pm Jul 20, 2023 8:18pm
Quoting Boulder
I know quite a few traders here don't like MFFX. I want to make a comment about MFFX to be fair. I like MFFX, they pay fast. I think they are the first one who started no time limits, which is benefitial for us traders. I have gotten 7 payments from them since May, more is coming. I am happy with their platiform and service. I didn't have much spread issue since I only traded EurUsd using 8 cap. {image}
FWIW - I made this account because some people weren't sure about the MyFundedFX paying out on 100k. For those of you who know me from years ago, I am Chris....clockwork71. FF won't let me post in my original account as it was deemed commercial many moons ago. (I really don't care if they ban me, at this point I make my living in various forms through the FX world.)

They paid pretty quick, I think it was like 3 days from start to finish, and I asked for the withdraw on a Friday to be fair. Also, part of the issue is that Deel is a pain in the ass. Had some hurdles when dealing with the5ers as well. Anyway, they pay. As far as I can tell, the game is to get aggressive as all fuck when the market is moving in your direction during the evaluation. Once funded, you trade with little to no leverage at all. In fact, the first payout I think I had no more than like 30k in notional value on at any given moment, in a 100 k account.

This firm seems ok, although I really liked the5ers previously, however - they have gone to shit with the changes. I think that a lot of the firms are in trouble, as they are all changing rapidly, and offering "sales." I mean, they are running out of gamblers. I expect several of them to go under in the next 12 months. However, I am hoping to do my part to help that along.

These guys seem legit. I mean as legit as a "prop firm" that offers trading to anyone with a pulse can be.

Cheers all,
Chris
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  • #18,129
  • Jul 20, 2023 8:47pm Jul 20, 2023 8:47pm
Quoting clockz71
{quote} FWIW - I made this account because some people weren't sure about the MyFundedFX paying out on 100k. For those of you who know me from years ago, I am Chris....clockwork71. FF won't let me post in my original account as it was deemed commercial many moons ago. (I really don't care if they ban me, at this point I make my living in various forms through the FX world.) They paid pretty quick, I think it was like 3 days from start to finish, and I asked for the withdraw on a Friday to be fair. Also, part of the issue is that Deel is a pain in...
Nice view from the greener side.

You say: the game is to get aggressive as all fuck when the market is moving in your direction during the evaluation. Once funded, you trade with little to no leverage at all.
You also say: they are running out of gamblers.

So, aren't you basically saying the way to make it is to gamble?
I have a severe non-gambler issue and as such, I fully comply with your statement "you trade with little to no leverage at all" except in the evaluation. Any advice on how to get aggressive without being a gambler? Or there is no way?
  • #18,130
  • Jul 20, 2023 9:41pm Jul 20, 2023 9:41pm
Quoting OutThere
{quote} Nice view from the greener side. You say: the game is to get aggressive as all fuck when the market is moving in your direction during the evaluation. Once funded, you trade with little to no leverage at all. You also say: they are running out of gamblers. So, aren't you basically saying the way to make it is to gamble? I have a severe non-gambler issue and as such, I fully comply with your statement "you trade with little to no leverage at all" except in the evaluation. Any advice on how to get aggressive without being a gambler? Or there...
There is no need any longer as 99% of the firms have no time limit. You can trade the evaluation as slow as you'd like. I absolutely agree with "once funded, use little to no leverage". Exactly the way I trade the funded accounts. You can now do the same in the evaluations.
  • #18,131
  • Jul 20, 2023 11:13pm Jul 20, 2023 11:13pm
Quoting pipmaster77
{quote} There is no need any longer as 99% of the firms have no time limit. You can trade the evaluation as slow as you'd like. I absolutely agree with "once funded, use little to no leverage". Exactly the way I trade the funded accounts. You can now do the same in the evaluations.
Very interesting. Hello Pipmaster. Hope you're doing great. Been a while off the thread, not as dialed in as I once was. Have you got "reliable" examples of this please?
  • #18,132
  • Jul 20, 2023 11:30pm Jul 20, 2023 11:30pm
Quoting Takisd
..If you want to add slippage layers to mimic real order book trading conditions you can. What you do is you put slippage at X pips or pip range if order = greater than y. This is what TFT and fundednext do. MFF used to do it but now they seem to be using a roaming vwap method that is based on actual order book size..
Hope youre doing good Takisd.

Yeap, I can confirm that. It didn't bother me previously; but whatever they use now is an itsy bitsy annoyance, I'm considering whether to invest the time to code up something to counter the effects. Still really love them though..
  • #18,133
  • Jul 21, 2023 12:02am Jul 21, 2023 12:02am
I'd like to request a moment of silence. Today, we have lost one of the great pioneers in the prop firm space.

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Pride always comes before destruction.... -Proverbs 16:18
  • #18,134
  • Jul 21, 2023 12:08am Jul 21, 2023 12:08am
Quoting clockz71
{quote} FWIW - I made this account because some people weren't sure about the MyFundedFX paying out on 100k. For those of you who know me from years ago, I am Chris....clockwork71. FF won't let me post in my original account as it was deemed commercial many moons ago. (I really don't care if they ban me, at this point I make my living in various forms through the FX world.) They paid pretty quick, I think it was like 3 days from start to finish, and I asked for the withdraw on a Friday to be fair. Also, part of the issue is that Deel is a pain in...
I've noticed this advice from others here. To totally gamble in evaluation stages and hope for the best. I don't understand why anyone think this is a good idea in the long run. I mean even if you trade lower lower amount in Funded stage doesn't your account slowly vaporize even so. If you arent consistent in the evaluation stages ?
Since the markets are the same right. They will still act the same. Slow easy in some periods then more choppy in others. Its just that using your gamble method you try to pass the evaluation methods in the slow easy periods. Then try to trade with lower amounts later on with same trading tactics.
So that means you might get lucky when you are funded too. But eventually hit that DD or something regardless of the amounts you trade. Since you from start use a method that isnt working in evaluation and also in the long run. This is one of the reasons I think unlimited time is useless. Since gamblers will learn even less now and adapt even less now to use better trading methods.

Why not just buy lotto tickets? I dont get it. Or even horse racing. Horse race betting would have higher chances than using that method I think since more logics involved than hoping the market will be good enough for the gamble period with evaluations.
  • #18,135
  • Jul 21, 2023 1:17am Jul 21, 2023 1:17am
Quoting clockz71
{quote} FWIW - I made this account because some people weren't sure about the MyFundedFX paying out on 100k. For those of you who know me from years ago, I am Chris....clockwork71. FF won't let me post in my original account as it was deemed commercial many moons ago. (I really don't care if they ban me, at this point I make my living in various forms through the FX world.) They paid pretty quick, I think it was like 3 days from start to finish, and I asked for the withdraw on a Friday to be fair. Also, part of the issue is that Deel is a pain in...
Not despising your payout, far from it, but the problem is not with payouts of 1K, 2K, 5K, unless the cheat is so evident that they ban the trader. I also received multiple payouts from MFFx so far, without any issues.
They are smat because keeping a lot of low payouts they build a big network of people saying that they pay without problem, just like you (or myself) just did.

The problem with tricky companies is when you come for much higher payouts. Then you will "deserve" a much special investigation. And some complains about being denied and blocked with them is a "source". They provide no more explanation and there are print screens of support being very rude when explanation are asked.

It's not like being at a court where they present evidence, you refute it and a judge decided. No. They are the judge and decide as they please without appeal.
  • #18,136
  • Jul 21, 2023 2:36am Jul 21, 2023 2:36am
Quoting Capablanca
{quote} Not despising your payout, far from it, but the problem is not with payouts of 1K, 2K, 5K, unless the cheat is so evident that they ban the trader. I also received multiple payouts from MFFx so far, without any issues. They are smat because keeping a lot of low payouts they build a big network of people saying that they pay without problem, just like you (or myself) just did. The problem with tricky companies is when you come for much higher payouts. Then you will "deserve" a much special investigation. And some complains about being denied...
That's the thing.

Experiences have to be weight-contributed.
Someone paid 50k is worth way more than an army of those trading $5k accounts and claiming fast payouts.

That said, I've been receiving MFFX payouts without issues, but this is low 4 figures. Slow and steady. Just looking to build a diversified prop portfolio and milk it steadily.
  • #18,137
  • Jul 21, 2023 2:53am Jul 21, 2023 2:53am
It feel so good to hear that i pass phase 1 of mff account even though its just 5k acc
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  • #18,138
  • Jul 21, 2023 3:52am Jul 21, 2023 3:52am
The Lot size of Nasdaq of MFF is different than that of other brokers? It seems to be one tenth of the size of other brokers. When Nasdaq price changes from 15000 to 15001, a position of 1 Lot only changes 1$ at MFF, while it changes 10$ at other brokers.

As the max Lots of a Nasdaq trade at MFF is limited to 100, it is really small.
  • #18,139
  • Jul 21, 2023 4:04am Jul 21, 2023 4:04am
Phase 1 passed of true forex funds
Lets see with phase 2
I have to must win these challenges account and earn profit and take payouts in order to come out of trading mess and losses
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  • #18,140
  • Jul 21, 2023 4:08am Jul 21, 2023 4:08am
Quoting Expo33
I'd like to request a moment of silence. Today, we have lost one of the great pioneers in the prop firm space. {image}
My life...... it just has no meaning anymore.
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