Prop Firm Hub | Page 1363 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #27,241
  • Dec 12, 2023 5:18pm Dec 12, 2023 5:18pm
Jeez, I just went through the trustpilot reviews on all HFT props, more than 8 ones. And all are pretty bad. Some are below earth. How can anyone do HFT on props ?
  • #27,242
  • Dec 12, 2023 5:25pm Dec 12, 2023 5:25pm
Quoting TrAndy1
Jeez, I just went through the trustpilot reviews on all HFT props, more than 8 ones. And all are pretty bad. Some are below earth. How can anyone do HFT on props ?
It really doesn't work. None of the ones that allow HFT pay out reliably.
  • #27,243
  • Edited 9:19pm Dec 12, 2023 5:46pm | Edited 9:19pm
Quoting TrAndy1
Anyone who got payouts from HFT props, what kind of size was your payout? Which prop? And how many payouts they did allow in sum before anything weird started ?
I only traded with Nova using hft, I bought ea from mql5, I have gotten 3 payouts on two $100k accounts, There are no issues in my payout so far, they sent crypto payment to my coinbase account.
Today I made 1% on one and 1.4% on another account, as I said in my previous message, I will stop trading the accounts ( 1% to 2%) and wait for the payout, one will be on 20th and another on 28th. I will let you know if I run into any issues in my future payouts
I am risk-free in Nova, All I need made 1% on my first payout , it will be risk-free , whatever happens in the future will be okay, no firm is guaranteed to survive forever, just like we never thought bad things ever happened to our favorite MFF
Just like you, I doubted at first. I bought one account, I made profit, I used the payout to invest in more accounts. I think this is an easy way to do this if you know how to trade live accounts instead of wasting time on challenge after challenge
  • #27,244
  • Edited 6:56pm Dec 12, 2023 6:00pm | Edited 6:56pm
Quoting AaronPriest
{quote} It really doesn't work. None of the ones that allow HFT pay out reliably.
Did you ever try HFT firms?
If not, you should not make that kind negative comment...
I don't like to follow others opinions.. I remember so many bad comments in this thread about mffx before.. good things I didn't follow, I open one MFFX account, I liked my experience, I got more.. I have gotten 19 payouts from MFFX last 4 months..
  • #27,245
  • Dec 12, 2023 6:07pm Dec 12, 2023 6:07pm
Quoting Boulder
{quote} Did you ever try HFT firms? If not, you should not make that kind negative comment... I don't like to follow others opinions.. I remember so many bad comments about mffx before.. good things I didn't follow, I open one MFFX account, I liked the experience, I got more.. I have gotten 19 payouts from MFFX last 4 months..
I have tried HFT, I passed a Ment account with it in hours. Eightcap changed their demo server conditions and banned it shortly afterward, LOL! I stand by my statement: none of the reputable firms allow HFT. Those that actively encourage it have terrible conditions on funded accounts afterward to trap people. This is not my opinion, it's a fact. Negative or not doesn't matter frankly, that's on them. But I'm not discouraging anyone from trying, I'm just stating that all of the firms that still allow HFT have terrible reviews and are not reputable for paying reliably. Use at your own risk, as with anything in life. ;-)
  • #27,246
  • Edited 6:26pm Dec 12, 2023 6:15pm | Edited 6:26pm
Quoting AaronPriest
{quote} I have tried HFT, I passed a Ment account with it in hours. Eightcap changed their demo server conditions and banned it shortly afterward, LOL! I stand by my statement: none of the reputable firms allow HFT. Those that actively encourage it have terrible conditions on funded accounts afterward to trap people. This is not my opinion, it's a fact. Negative or not doesn't matter frankly, that's on them. But I'm not discouraging anyone from trying, I'm just stating that all of the firms that still allow HFT have terrible reviews and are not...
Agree,, I dont recommend people to maxout capital right away with any those hft firms.
Prefer trading one account first and use the profit to invest in more accounts afterwards ...
Got to read the rules once in live accounts
A lot of bad reviews came from people who dont follow the rules..
  • #27,247
  • Dec 12, 2023 6:57pm Dec 12, 2023 6:57pm
Quoting KarlKraus
{quote} You are in the wrong thread. WTF are you doing endlessly debating the fine details of different prop firms if you haven’t got a simple system with a proven edge, to pass their evaluations? How is a big funded account going to help you, if you can’t trade steadily with an edge and make reliable profits? {quote} Yes. Easy. After some careful practice this one will get you through an FTMO evaluation or any other sensible evaluation without a time-limit (as it has done for so...
You are right. Thanks for your answer and advice. That makes sense to me and I didn't know the strategy from the link before. Looks simple and very objective and well defined. Maybe that could be something for me. I will try this out and if successful you will be rewarded and included in my evening prayers.
  • #27,248
  • Dec 12, 2023 7:55pm Dec 12, 2023 7:55pm
Quoting TrAndy1
{quote} yes it is that difficult. I would say you can start with Brent Donnelly books. That is a good starting point to develop something. A simple moving average over H1 won't do the trick I guess. I just make a backtest to verify this, if that can work or not. I use variable Stoplosses and Profit Target with that indicator over last 2 years. AS KarlKraus suggested I am curious to know the results. Let's see. Soon. Then I will post again with the findings. I check this with all 28 majors and minors and then going forward over the last 6 months...
Thanks. I will do my homework too. I believe in simplicity over complicated systems and so at least my inner voice would be in balance with such a system.

However my own results of testing simple things (even with the greatest discipline of making no executional mistakes) always proofed me wrong so far.

Simple systems seem to be good unless they are too simple to be effectively enough to reach the goals you have.

Trading without goals also seem to be quiet easy. You wait for a trigger, risk small and maybe never run out capital.
  • #27,249
  • Dec 12, 2023 8:00pm Dec 12, 2023 8:00pm
Quoting navk
{quote} any news about 12 M $, which they say is client FEE & Profit share ?
Still frozen by Canadian regulators. Their hearing in Can was pushed back to the end of Jan.
  • #27,250
  • Dec 12, 2023 8:35pm Dec 12, 2023 8:35pm
Quoting CableJ
{quote} Still frozen by Canadian regulators. Their hearing in Can was pushed back to the end of Jan.
Like I said early on.

Quoting Cryptosurf
{quote} A case like this could very well take months to resolve.
Trade with confidence, trade without fear.
  • #27,251
  • Dec 12, 2023 10:14pm Dec 12, 2023 10:14pm
Quoting Cryptosurf
{quote} Like I said early on. {quote}
I think MyFF should sue CFTC for damages on top everything.
  • #27,252
  • Dec 12, 2023 10:53pm Dec 12, 2023 10:53pm
Quoting sampat
{quote} I think MyFF should sue CFTC for damages on top everything.
We traders should unite and also sue CFTC for damages.
  • #27,253
  • Dec 13, 2023 12:33am Dec 13, 2023 12:33am
20% ftmo academy is real received one today.... took me 2 hours to finish everything.......will purchase a account on new year....
Extreme gut feeling trader
  • #27,254
  • Dec 13, 2023 12:55am Dec 13, 2023 12:55am
Quoting montygoldy
20% ftmo academy is real received one today.... took me 2 hours to finish everything.......will purchase a account on new year....
Yes, that’s our “special gift”
A snails pace wins the race :-)
  • #27,255
  • Dec 13, 2023 2:17am Dec 13, 2023 2:17am
Quoting sampat
I think MyFF should sue CFTC for damages on top everything.
-I think, the only way that this could happen is if the CFTC violated their rights in some way. So long as the CFTC had reasonable suspicion to carry out their duties, then there is likely no recourse for MFF to seek damages. The CFTC seems to have made some poor decisions, but I suspect that any wrongdoing would be handled by the judge and carried out internally. The CFTC may have special protections, as well, and any suit brought against them would come from the pockets of tax-payers anyway. I am no expert, so I can only guess about these things; I definitely could be wrong.
  • #27,256
  • Dec 13, 2023 4:56am Dec 13, 2023 4:56am
Quoting sampat
{quote} I think MyFF should sue CFTC for damages on top everything.

If MFF is exonerated by the court, they will of course be awarded millions in compensation (taxpayer-funded), after that.

The CFTC are doing their job, here. The alleged facts in this case came to light not at their instigation but only because they were approached by an internal MFF whistleblower complaining of multiple lawbreaking, some of it apparently rather well documented.

People bad-mouthing the regulator (before the case has even been heard!) might wish to ask themselves whether they’d prefer to have no effective regulators, as in many third-world countries, or for there to be regulators who don’t take the action it’s their legal duty and obligation to take when presented with apparently entirely credible evidence of multiple lawbreaking.

They might also like to remember that if MFF were in fact breaking the law, and the court says so, the longer-term outcome from this litigation can only be both beneficial for the industry and all its future customers, and much better than would have been the case if this situation had been dealt with at a later stage or not dealt with at all.

Just as there are some opinionated people trading offshore who would rather say goodbye to an account than say hello to a regulator, there are also some so anti-regulation that they have already decided, even before the case has been heard, who are the heroes and villains, here.
  • #27,257
  • Dec 13, 2023 5:02am Dec 13, 2023 5:02am
The CFTC fabricated shit. If thats doing their job, america is doomed.
  • #27,258
  • Dec 13, 2023 6:01am Dec 13, 2023 6:01am
Quoting KarlKraus
{quote} If MFF is exonerated by the court, they will of course be awarded millions in compensation (taxpayer-funded), after that. The CFTC are doing their job, here. The alleged facts in this case came to light not at their instigation but only because they were approached by an internal MFF whistleblower complaining of multiple lawbreaking, some of it apparently rather well documented. People bad-mouthing the regulator (before the case has even been heard!) might wish to ask themselves whether they’d prefer to have no effective regulators, as in...
Your key term here is effective regulators. The CFTC is not effective. They are bought and paid for, as is every other alphabet agency. There is an agenda in all they do and it is NOT protection of traders. They could give two shits about traders.
  • #27,259
  • Dec 13, 2023 6:20am Dec 13, 2023 6:20am
Quoting KarlKraus
{quote} People bad-mouthing the regulator (before the case has even been heard!) might wish to ask themselves whether they’d prefer to have no effective regulators, as in many third-world countries, or for there to be regulators who don’t take the action it’s their legal duty and obligation to take when presented with apparently entirely credible evidence of multiple lawbreaking.
It is naive to think that CFTC's duty is to protect retail traders.
  • #27,260
  • Dec 13, 2023 6:31am Dec 13, 2023 6:31am
Quoting KarlKraus
The alleged facts in this case came to light not at their instigation but only because they were approached by an internal MFF whistleblower complaining of multiple lawbreaking, some of it apparently rather well documented.
And apparently there are STILL people who’d prefer them to ignore it!!

Quoting KarlKraus
People bad-mouthing the regulator (before the case has even been heard!) might wish to ask themselves whether ...
Correction: they might prefer not to ask themselves anything as intelligent, sensible or relevant as you suggest, because some are ignorant, misguided conspiracy theorists incapable of any intelligent, sensible or relevant conversation, as you can see pretty unmistakably from the comment immediately following your insightful post above!

Quoting Takisd
The CFTC fabricated shit.
62 traders viewing now