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  • #26,101
  • Nov 13, 2023 2:46am Nov 13, 2023 2:46am
Quoting labu
Instead of buying 100s accounts pumping and dumping hoping trading it wild I would suggest to trade more carefully and spend that time trading in history analyze why u need 100s of accounts with discounts to get profitable with prop firms. Some justify this by saying, but oh I wont use that method on my personal account. Then why do it and take that risk? Since if you are consistent and careful prop firms are just fine without wild west trading as long u keep within the trailing DD or fixed DD simple. It just takes a lot of analysis and dedication...
I think you are not missing a point. At least in my view it's a mistake to create a long term relationship with most (if not all) props.

The right approach to me is to extract the most I can from them in the shorter period of time (before they stop paying, close doors or even ban myself).
That money goes straight to my account and there, yes, I trade normally, carefully and not in a reckless way.
-------
For the calculations, things are very simple.

Apex has 3000 target for a 2500 trailing.
Let's say you have bad luck and only consider 1000 trailing.

To play this game of 3/1 you pay 16.5 USD.

If you lose, you lose 16.5

If you win you pay another 140 as lifetime fee.

So, for 16.5+140=156.6 you have a 2500 trailing DD.

It's the kind of thing that even justo looking at numbers, without any further calculation, it's easy to see how good is it.
  • #26,102
  • Nov 13, 2023 2:58am Nov 13, 2023 2:58am
Quoting montygoldy
Is it everyone on here boarded the FUTURES ship?? I mean nobody doing fx funded/challenges on prop firms. Any experiences, Any news???
Still only FX props for me,unlikely I'll change unless fx props die and futures props survive. All the futures talk did peak my interest but i will resist for now. All FX firms I'm using are paying without issue, so carry on with what I know.
  • #26,103
  • Nov 13, 2023 3:07am Nov 13, 2023 3:07am
Quoting CableJ
{quote} Currently.... FX - 400K @ FTMO, 200K @ TFF, 200K @ TFT (not trading), 100K @ E8 (not trading), 100K @ 5%ers Futures - 200K (50K x 4) @ Apex + 100K (50K x 2) in evaluation Interested in 100K @ both FE & Trading Pit, but I'm not taking any new FX prop challenges until MFF's case decision
I have been paid by TFT and E8 multiple times since MFF incident. Nothing to lose by trading your accounts.
  • #26,104
  • Nov 13, 2023 3:13am Nov 13, 2023 3:13am
Quoting montygoldy
Is it everyone on here boarded the FUTURES ship?? I mean nobody doing fx funded/challenges on prop firms. Any experiences, Any news???
I'm not a futures fan. I never really liked it and all the pictures of the trading tools I've seen and explanation about how easy it is to trade scared me to death.
I remain loyal to cfd and the only prop firm I'm currently with - The Trading Pit - and their VIP cfd program. Other then that I only trade my personal account and keep waiting what happens next. Except for FTMO I cannot see any other cfd prop firm reliable enough for to join.
Money is made by sitting, not trading
  • #26,105
  • Nov 13, 2023 3:50am Nov 13, 2023 3:50am
Quoting Expo33
Just pulled the trigger on a 50K BOTTOMStep Combine for a whopping $11 and got this message: {image} No worries I can check with support. Oh wait they aren't open on the weekends. Sidenote: I looked at my previous billing and it showed I bought a challenge in May of 2019. Wow! Amazingly the site still had my login credentials still saved.
Apparently, support is non-existent on the weekend. Chatbot useless. Discord useless. See if I get any response when I wake up.

Plan for 2024 get back to the stalwarts in the industry. The ones I've trusted for 5 years. FTMO, 5ERS, CTI.

Paying a little extra and/or maybe not having the perfect drawdown is meaningless to me at this point. Payout history and confidence in the company going forward is what matters most to me.
Pride always comes before destruction.... -Proverbs 16:18
  • #26,106
  • Nov 13, 2023 5:14am Nov 13, 2023 5:14am
Quoting Artcool
{quote} Well the starter plan is the most intereting because there is no activation fee, but you have to pay $85 for the challenge fee beforehand. I didn't like their withdraw rules because : They have a 40% consistency rule They keep a buffer of $2000 for 2 months and you can only withdraw the profits you make above it with a minimum of $1000. That means you need to make a minimum of $3000 to withdraw $1000 On the pro side, they claim they don't have minimum profit days or minimum trading days. But if you combine the consistency rule with the buffer...
Thank you for this info. MFFX definitely no no. Too much complicated withdrawal rules. That is why no activation fee, they know most traders will not survive till withdrawal anyway.
  • #26,107
  • Nov 13, 2023 5:22am Nov 13, 2023 5:22am
Quoting Vitore
{quote} I'm not a futures fan. I never really liked it and all the pictures of the trading tools I've seen and explanation about how easy it is to trade scared me to death. I remain loyal to cfd and the only prop firm I'm currently with - The Trading Pit - and their VIP cfd program. Other then that I only trade my personal account and keep waiting what happens next. Except for FTMO I cannot see any other cfd prop firm reliable enough for to join.
I remember you said it took more than 1 week to move to the next level…how it is going now ?
  • #26,108
  • Edited 5:49am Nov 13, 2023 5:31am | Edited 5:49am
Hi guys.
Copy trading from my own account. I Use FX Blue version.

Wanna copy from my account to Alpha prop firm. They are reviewing, but the problem is, there is no source code.

How do you handle this?

Any history of copying from your own account to:

ALPHA
FTMO
FUNDEDNEXT
5%ers

or from any PropFirm to another of course.

I appreciate any views, experiance and help on this, thanks
  • #26,109
  • Nov 13, 2023 6:02am Nov 13, 2023 6:02am
MFF update...

There should be some fireworks in the MFF case this week

11/8 Unless extended, the restraining order lifts 11/14 (Tues)

11/9 CFTC letter requesting preliminary injunction order with 151-310M given up minus 159M (total trader payouts)
11/9 MFF/TFF letter requesting preliminary injunction denial w/ max 10M given up (current live trader's total fees)

So far in the case, the Judge's order typically comes down very shortly after the letters.
  • #26,110
  • Nov 13, 2023 6:23am Nov 13, 2023 6:23am
Quoting 21vs7
Hi guys. Copy trading from my own account. I Use FX Blue version. Wanna copy from my account to Alpha prop firm. They are reviewing, but the problem is, there is no source code. How do you handle this? Any history of copying from your own account to: ALPHA FTMO FUNDEDNEXT 5%ers or from any PropFirm to another of course. I appreciate any views, experiance and help on this, thanks
no experience myself….how reliable is this FXblue copier ? Price ?
  • #26,111
  • Nov 13, 2023 6:28am Nov 13, 2023 6:28am
Quoting Stoneyrocks
{quote} no experience myself….how reliable is this FXblue copier ? Price ?
Solid.
  • #26,112
  • Nov 13, 2023 6:30am Nov 13, 2023 6:30am
Lark Funding offering 15% discoint
Funded nation offering 40% discount, if anyone interested and looking for discounts...
  • #26,113
  • Nov 13, 2023 7:16am Nov 13, 2023 7:16am
Quoting Stoneyrocks
{quote} I remember you said it took more than 1 week to move to the next level…how it is going now ?
It's a bit slower overall, I tested their Lite challenge, passed, reached Levels 1 and 2 and then failed (it was for testing purpose anyways so I risked more)
They paid out everything without any problem, it's just that you need to request your payout latest on Monday to make them process it on the same week Friday (which means you receive it on next week's Monday or Tuesday). If you request it on Tuesday you wait until next week Friday for processing and basically 2 weeks to get it on your account. And you wait the same amount of time for your next level account. Which is a bit irritating but the scaling plan they offer is worth it.

Now I'm on the VIP program challenge. I had to wait a week or two to get USD account as they were offering EUR accounts only for a week or two. I don't rush as there is the trailing total DD to which I have to pay attention.
Money is made by sitting, not trading
  • #26,114
  • Nov 13, 2023 9:46am Nov 13, 2023 9:46am
Quoting Capablanca
{quote} I think you are not missing a point. At least in my view it's a mistake to create a long term relationship with most (if not all) props. The right approach to me is to extract the most I can from them in the shorter period of time (before they stop paying, close doors or even ban myself). That money goes straight to my account and there, yes, I trade normally, carefully and not in a reckless way. ------- For the calculations, things are very simple. Apex has 3000 target for a 2500 trailing. Let's say you have bad luck and only consider 1000...
but you need to take in account total different trading styles and so different type of costs for anyone trading (scalper will have much more cost then long swing traders). when costs for trade (spread, slippage, time from send order to fill, order routing, platform freezing or blocking, rollover fees, commission , profit split part...) are more bad or more expensive against privat account with good broker, then the calculation gets very fast negative.
  • #26,115
  • Nov 13, 2023 9:55am Nov 13, 2023 9:55am
Quoting Vitore
{quote} It's a bit slower overall, I tested their Lite challenge, passed, reached Levels 1 and 2 and then failed (it was for testing purpose anyways so I risked more) They paid out everything without any problem, it's just that you need to request your payout latest on Monday to make them process it on the same week Friday (which means you receive it on next week's Monday or Tuesday). If you request it on Tuesday you wait until next week Friday for processing and basically 2 weeks to get it on your account. And you wait the same amount of time for...
ok, good luck
  • #26,116
  • Nov 13, 2023 10:02am Nov 13, 2023 10:02am
Quoting Trader191
{quote} but you need to take in account total different trading styles and so different type of costs for anyone trading (scalper will have much more cost then long swing traders). when costs for trade (spread, slippage, time from send order to fill, order routing, platform freezing or blocking, rollover fees, commission , profit split part...) are more bad or more expensive against privat account with good broker, then the calculation gets very fast negative.
I'm speaking exclusively for myself. And assuming that I either get to the target or blow the account in one month (no need to pay another monthly fee).
  • #26,117
  • Nov 13, 2023 10:43am Nov 13, 2023 10:43am
Been trading cows today super fun. Guess what cows eat corn and wheat. Bulb lights up. There is a connection here.
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  • #26,118
  • Nov 13, 2023 10:56am Nov 13, 2023 10:56am
If you breach a Daily DD rule you don't get your profits paid by Ryze Funding and MyFlashFunding.
What if you worked for months to build your account ?
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  • #26,119
  • Nov 13, 2023 10:58am Nov 13, 2023 10:58am
Quoting montygoldy
Is it everyone on here boarded the FUTURES ship?? I mean nobody doing fx funded/challenges on prop firms. Any experiences, Any news???
Blown two, almost halfway to passing 1.
  • #26,120
  • Nov 13, 2023 11:04am Nov 13, 2023 11:04am
Quoting youngD
{quote} Thank you for this info. MFFX definitely no no. Too much complicated withdrawal rules. That is why no activation fee, they know most traders will not survive till withdrawal anyway.
What is complicated for you ? (I can explain you because it's actually very easy)
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