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  • #19,041
  • Aug 26, 2023 9:10pm Aug 26, 2023 9:10pm
Quoting ladder
{quote} With Lux, You must trade the same lot size with the same risk(stop loss)，no matter how market conditions change. They call this consistency, LoL. Can you imagine you trade the same way on a 500 pips day and on a 40 pips day?
actually they updated it so that its only risk size not lot size but its still tough because as I've said, why would I risk a fixed amount on every trade if I can risk less. But the problem is you can't fine tune the lot size of the agricultural commodities (integers) as well as the ones that are in tenths and hundredths such as metals.
  • #19,042
  • Aug 26, 2023 10:12pm Aug 26, 2023 10:12pm
Quoting navk
{quote} yes my plan includes : 1. MFF 1X 200 2.FTMO 1X100 3. MY FUNDEDFX 1 X 100 4. FXIFY 1X100 The above four already done. Future plans : 1) MFF 1 X 100 2) Myfundedfx 1x 100 3) FXIFY 1 X 100 4) TFF - 1 X100 ( If I miss doing this, I will add 1 x 100 with MFF ) 5 ) 5 ers 1x100 ( May be ) and If i do not do this, I will add 1 x 100 with MFF If I miss out adding FXIFY, I will add another 1 x 100 with MFF If situaltion with some firms do not work out for me, I will max out with MFF. The reason to add more MFF accounts in my name, I can do copy trade...
Which trade copier you're using to manage all accounts? which one is primarily account?
  • #19,043
  • Aug 26, 2023 10:29pm Aug 26, 2023 10:29pm
Quoting simjo
{quote} Which trade copier you're using to manage all accounts? which one is primarily account?
trade copier should not be used to copy trades from one firm to another firm .

Not advisable.

However you can use trade copier between challnge account to live account, vice versa with in same prop firm
Intraday only.
  • #19,044
  • Aug 27, 2023 5:58am Aug 27, 2023 5:58am
Quoting navk
{quote} The Firms will open their eyes if some one trades from different locations (other than the given address ) , different devices and on top of it, they will suspect for accounts from specific countries. To overcome all, I have some ideas to follow. : 1) Trade from one location. If you move out to different location, inform the same to Firm's support. I did the same with MFF when I moved into canada after short visit to my Parent country. I have even asked them if I do another time KYC, they said no need. 2 ) REstrict the trading like this...
Navk do you mean in point 2 that we should use different device for each prop firm and different connection?? What is wrong in using same laptop or network with few props if u do not hedge between them?? I used to trade manually small accounts 10k mainly indeces with few prop firms, always same direction at same time and never had any problems... Maybe I didn't understand correctly your post....
  • #19,045
  • Aug 27, 2023 6:26am Aug 27, 2023 6:26am
Quoting navk
{quote} trade copier should not be used to copy trades from one firm to another firm . Not advisable.
Why? Can you please elaborate? I am about to open 3 challenges all different prop firms and add them to my already existing portfolio, and this got me intrigued as I am already using one.
  • #19,046
  • Aug 27, 2023 6:56am Aug 27, 2023 6:56am
Quoting youngD
{quote} Navk do you mean in point 2 that we should use different device for each prop firm and different connection?? What is wrong in using same laptop or network with few props if u do not hedge between them?? I used to trade manually small accounts 10k mainly indeces with few prop firms, always same direction at same time and never had any problems... Maybe I didn't understand correctly your post....
MFF , 1 legal account, 1 device i meant.

With same firm, avoid at any cost legal account 2. The legal account 2 may be in your wife name or brother name or sister name.

If you trade legal account 1 and 2 for MFF in same device, then same IP address will appear for both legal accounts.

However, account in your name with different firms can be traded in same device is ok.

My wife too trades. I made it a point that she trades in different device with different firm in which I am not trading.

With IP address, the network engineers can find out, we two trade from same address , postal code.
Intraday only.
  • #19,047
  • Aug 27, 2023 7:28am Aug 27, 2023 7:28am
Quoting ashark69
{quote} Why? Can you please elaborate? I am about to open 3 challenges all different prop firms and add them to my already existing portfolio, and this got me intrigued as I am already using one.
copying trades from Firm - A to Firm - B not advisable. Legally.

For copy trading in general, all accounts should be in one legal name.

MFF do not allow trades to be copied from FTMO legally.

MFF can be master account and other firms can be slave account as long as other firms allow copy trading.

Some firms, for example myfundedfx and FXIFY allows copy trading as long as the account name is yours in both firms.

And note that FXIFY says their account should be master account.

TFF allows copy trading in any manner
Intraday only.
  • #19,048
  • Aug 27, 2023 7:41am Aug 27, 2023 7:41am
Quoting navk
{quote} copying trades from Firm - A to Firm - B not advisable. Legally. For copy trading in general, all accounts should be in one legal name. MFF do not allow trades to be copied from FTMO legally. MFF can be master account and other firms can be slave account as long as other firms allow copy trading. Some firms, for example myfundedfx and FXIFY allows copy trading as long as the account name is yours in both firms. And note that FXIFY says their account should be master account. TFF allows copy trading in any manner
As for using the copy trading in general:

Most of the top firms do allow using copying of trades even from your own trading account with a broker.

By allowing this they basically allow trader to use whatever ip address and whatever device id at any time and change them frequently. As this is exactly how cloud based copy services work. (Eg. Duplikium).

If in the same time they suggest using unique ip address or device id or advice not using same eq computer by 2 different legal names then they demonstrate their lack of understanding of even the basics of this topic. Or worse, they intentionaly contradict themselves in their own rules.

They simply cannot allow copy trading and then try to idenfify traders by ip address and/or device id. Thats absurd and absolute nonsense.

Honestly im surprised even prop firms such as MFF still dont understand this
Money is made by sitting, not trading
  • #19,049
  • Aug 27, 2023 7:53am Aug 27, 2023 7:53am
Quoting navk
{quote}MFF do not allow trades to be copied from FTMO legally. MFF can be master account and other firms can be slave account as long as other firms allow copy trading.
True, but MFF allows copying from your own account by which you can work around this. If you trade your broker account as the master and copy from it to FTMO and MFF in the same time you do not violate MFF rules.
https://myforexfunds.com/faq/can-i-u...ade-copier-ea/

Btw imho this is the best way of using trade copying when you need it
Money is made by sitting, not trading
  • #19,050
  • Aug 27, 2023 8:08am Aug 27, 2023 8:08am
Quoting navk
{quote} copying trades from Firm - A to Firm - B not advisable. Legally. For copy trading in general, all accounts should be in one legal name. MFF do not allow trades to be copied from FTMO legally
Not sure that is accurate. I have funded accounts with both and have used both as masters and slave without any problems. I prefer MFF as a master account. Localhost copier ea being used.

Did something change with them that makes you say this?
Trade with confidence, trade without fear.
  • #19,051
  • Aug 27, 2023 8:21am Aug 27, 2023 8:21am
Quoting Cryptosurf
{quote} Not sure that is accurate. I have funded accounts with both and have used both as masters and slave without any problems. I prefer MFF as a master account. Localhost copier ea being used. Did something change with them that makes you say this?
Hi Cryptosurf, what is a "Localhost copier ea", is it different to STT/Duplikium?

Thanks.
  • #19,052
  • Aug 27, 2023 8:27am Aug 27, 2023 8:27am
Quoting Cryptosurf
{quote} Not sure that is accurate. I have funded accounts with both and have used both as masters and slave without any problems. I prefer MFF as a master account. Localhost copier ea being used. Did something change with them that makes you say this?
Legal name - A to Legal name - B within same firm or different firm is illegal for most prop firms. TFF allows copy trading from Legal name - A to Legal Nmae - B within TFF or any other firm.

Copy trading from Legal name - A to Legal name - A ( from live to challenge and vice versa ) within same firm is definitely acceptable thoguh.

In general,

1. I would avoid copy trading from one firm to another firm

2. I would avoisd copy trading from legal name - A to Legal name - B within same firm.
Intraday only.
  • #19,053
  • Aug 27, 2023 8:28am Aug 27, 2023 8:28am
Is there an instant funding type acc that is not a scam that gives you less than your money as max drawdown?

not looking to use one, just curious
  • #19,054
  • Aug 27, 2023 8:28am Aug 27, 2023 8:28am
Quoting Vitore
{quote} True, but MFF allows copying from your own account by which you can work around this. If you trade your broker account as the master and copy from it to FTMO and MFF in the same time you do not violate MFF rules. https://myforexfunds.com/faq/can-i-u...ade-copier-ea/ Btw imho this is the best way of using trade copying when you need it
yes
Intraday only.
  • #19,055
  • Aug 27, 2023 8:36am Aug 27, 2023 8:36am
Quoting navk
{quote} Legal name - A to Legal name - B within same firm or different firm is illegal for most prop firms. TFF allows copy trading from Legal name - A to Legal Nmae - B within TFF or any other firm. Copy trading from Legal name - A to Legal name - A ( from live to challenge and vice versa ) within same firm is definitely acceptable thoguh. In general, 1. I would avoid copy trading from one firm to another firm 2. I would avoisd copy trading from legal name - A to Legal name - B within same firm.
Quoting Cryptosurf
{quote} Not sure that is accurate. I have funded accounts with both and have used both as masters and slave without any problems. I prefer MFF as a master account. Localhost copier ea being used. Did something change with them that makes you say this?
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  • #19,056
  • Aug 27, 2023 8:53am Aug 27, 2023 8:53am
Quoting navk
{quote} Legal name - A to Legal name - B within same firm or different firm is illegal for most prop firms. TFF allows copy trading from Legal name - A to Legal Nmae - B within TFF or any other firm. Copy trading from Legal name - A to Legal name - A ( from live to challenge and vice versa ) within same firm is definitely acceptable thoguh. In general, 1. I would avoid copy trading from one firm to another firm 2. I would avoisd copy trading from legal name - A to Legal name - B within same firm.
Where are you getting this information it being “illegal”. This is completely counter to what they state and from real world experience.
Trade with confidence, trade without fear.
  • #19,057
  • Aug 27, 2023 9:04am Aug 27, 2023 9:04am
Quoting Cryptosurf
{quote} Where are you getting this information it being “illegal”. This is completely counter to what they state and from real world experience.
Copying trades from Legal name A to Legal name B with same device, waarants further investigation by firms. Because copy trading is nothing but same strtegy.

I mean, you copy the trade from your brother account is illegal within same firm, for example MFF.
Intraday only.
  • #19,058
  • Aug 27, 2023 9:05am Aug 27, 2023 9:05am
MFF clearly states the rules for copy trading.

Via Discord Eval FAQ's


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Trade with confidence, trade without fear.
  • #19,059
  • Aug 27, 2023 9:06am Aug 27, 2023 9:06am
Quoting Cryptosurf
MFF clearly states the rules for copy trading. Via Discord Eval FAQ's {image}
Yes, Correct. That is what I said too.
Read the second sentence in discord channel
Intraday only.
  • #19,060
  • Aug 27, 2023 9:09am Aug 27, 2023 9:09am
Quoting navk
{quote} Yes, Correct. That is what I said too. Read the second sentence in discord channel
Is it? That's not what you stated earlier.

Quoting navk
{quote} Legal name - A to Legal name - B within same firm or different firm is illegal for most prop firms. TFF allows copy trading from Legal name - A to Legal Nmae - B within TFF or any other firm. Copy trading from Legal name - A to Legal name - A ( from live to challenge and vice versa ) within same firm is definitely acceptable thoguh. In general, 1. I would avoid copy trading from one firm to another firm 2. I would avoisd copy trading from legal name - A to Legal name - B within same firm.
Trade with confidence, trade without fear.
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