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  • #30,401
  • Feb 14, 2024 3:10am Feb 14, 2024 3:10am
Quoting Capablanca
{quote} Sean Bainton never disappoints. And likely you will be flagged in Blue and Aqua if you ever use them. If you paid through credit card they deserved a credit card reversal because they were never bored by your gambling when you lost the challenge.
Thought MFlashF was owned by someone else.
  • #30,402
  • Feb 14, 2024 3:16am Feb 14, 2024 3:16am
Quoting rizla101
{quote} Thought MFlashF was owned by someone else.
https://twitter.com/BaintzCEO/status...27921128886272
(first response in the thread)
  • #30,403
  • Feb 14, 2024 5:06am Feb 14, 2024 5:06am
Just letting everyone know I dropped a note to Metaquotes about lux and US residents. Not really my style, if I am wrong that will be great. If Metaquotes drops lux you can thank the folks who brought it to our attention here.
  • #30,404
  • Feb 14, 2024 5:12am Feb 14, 2024 5:12am
Does anyone understand this rule from Funded Next ?

One-sided Betting:
One-sided betting refers to a trading strategy where a trader consistently takes positions in a single direction without considering market conditions or conducting the proper analysis. At FundedNext, one-sided betting is restricted due to its speculative nature and potential for significant losses. One-sided betting engages by continuously selling or buying any instrument without considering fundamental news, economic indicators, or technical signals that suggest a potential price increase or decrease. This lack of analysis increases the likelihood of entering trades with unfavorable risk-reward ratios.

Example: A trader engages in one-sided betting by continuously buying a particular instrument without considering any potential negative factors or indications of an upcoming downturn in the market. This lack of diversification leaves them vulnerable to substantial losses if the instrument price unexpectedly declines.
  • #30,405
  • Feb 14, 2024 5:17am Feb 14, 2024 5:17am
Quoting Capablanca
Does anyone understand this rule from Funded Next ? One-sided Betting: One-sided betting refers to a trading strategy where a trader consistently takes positions in a single direction without considering market conditions or conducting the proper analysis. At FundedNext, one-sided betting is restricted due to its speculative nature and potential for significant losses. One-sided betting engages by continuously selling or buying any instrument without considering fundamental news, economic indicators, or technical signals that suggest a potential...
No clue but it sounds like Martingale to me.
  • #30,406
  • Feb 14, 2024 5:21am Feb 14, 2024 5:21am
Quoting Capablanca
Does anyone understand this rule from Funded Next ? One-sided Betting: One-sided betting refers to a trading strategy where a trader consistently takes positions in a single direction without considering market conditions or conducting the proper analysis. At FundedNext, one-sided betting is restricted due to its speculative nature and potential for significant losses. One-sided betting engages by continuously selling or buying any instrument without considering fundamental news, economic indicators, or technical signals that suggest a potential...
Again a grey rule here as it is not clear what is meant. If you are strict you can only have 1 position at a time for any one symbol. You either cannot martingale or average in or scale-in, with those mentioned words. Because you are increasing risk when it goes against you they say, which is also not true if done properly. So...BS.
  • #30,407
  • Feb 14, 2024 5:24am Feb 14, 2024 5:24am
Quoting Nsak3y
{quote}-As someone that has traveled to various countries around the world, I can honestly say that the US is not the land of the free as many might believe. Corruption exists everywhere, but we are just better at disguising it here. In developing countries, you often see blatant corruption, but at least you know what to expect because they are not hiding it or trying to disguise it as something else. Often, you even know and understand why they are doing it. Not in the US. In the States, we have fancy words like lobbying to disguise illegal activity...

and because near 10% of adult US americans are millionaire (and around 40% of all millionaires in the world are from USA), the opportunity costs for trading are very high in this country.
australia , switzerland, canada , netherlands, new zealand , singapure, hongkong(to name some other) have also around this percentage of millionaire or higher.
by continent, north america with near 10 % will top any other continent by this. such a crazy number, that any 10. adult is millionaire. of course cost of living is not inside the calculation, but you can always change your country to change this costs.
  • #30,408
  • Feb 14, 2024 5:28am Feb 14, 2024 5:28am
Quoting montygoldy
Another update guys m out of myflashfunding…. Risking 1% is gambling….. atleast i have reached my target of 20k out of each firm… 1 down .. 9 more firms to go {image} {image} {image}
Those bullshitting words that you had too much risk with 1% risk per trade only. They, that 21 year old CEO, fear that you will make another such payout(s) which they need to prevent for their own survival tactic. It is so sad to see that your efforts are thrown away by the prop when you make to much profits in a single payout. But I also think it does not matter if you make several smaller payouts as long as it is consistently too. You would be kicked out aswell I assume. Maybe they have a threshold that anyone with greater than 10% or 15% in overall payouts get kicked out by them. I do not know more about this prop firm. But very suspicious to see it. It reminds me on Bespoke Funding Program with the Kaler CEO which is also a young kid in his first entrepeneur attempt. So sad to see this all. Really pity that. Best wishes to your upcoming adventures on other props. I hope that not most props will kick out anyone because of too much (in sum or single) payouts.
  • #30,409
  • Feb 14, 2024 5:35am Feb 14, 2024 5:35am
Quoting Capablanca
Does anyone understand this rule from Funded Next ? One-sided Betting: One-sided betting refers to a trading strategy where a trader consistently takes positions in a single direction without considering market conditions or conducting the proper analysis. At FundedNext, one-sided betting is restricted due to its speculative nature and potential for significant losses. One-sided betting engages by continuously selling or buying any instrument without considering fundamental news, economic indicators, or technical signals that suggest a potential...
It’s basically stacking orders in the same direction I think
  • #30,410
  • Feb 14, 2024 5:39am Feb 14, 2024 5:39am
Quoting TrAndy1
{quote} Those bullshitting words that you had too much risk with 1% risk per trade only. They, that 21 year old CEO, fear that you will make another such payout(s) which they need to prevent for their own survival tactic. It is so sad to see that your efforts are thrown away by the prop when you make to much profits in a single payout. But I also think it does not matter if you make several smaller payouts as long as it is consistently too. You would be kicked out aswell I assume. Maybe they have a threshold that anyone with greater than 10% or...
you have to kick out many winners or work together as marketing with some , or you are bankrupt. how you want survive when some people eat your wins extrem inside a game (we speak not about trading inside most prop, and even the rest is often not full honest)? they cant give more money away then they get as fees minus all the costs (and thats much money for marketing, personal, infrastructure, introducing agents...).

its so much cheaper to fake big winners existing and get payed out (nobody will ever know) against let many people get the money in real.

gaming in a prop and trading in real accounts (no B Book of course) is in many parts very different. maybe the next possible to compare is gaming inside a pure B Book broker, but even there are some different game rules , because different kind of game structure against prop gaming.
  • #30,411
  • Feb 14, 2024 6:03am Feb 14, 2024 6:03am
Can anyone access their funding pips account?
  • #30,412
  • Feb 14, 2024 6:13am Feb 14, 2024 6:13am
Quoting Takisd
Can anyone access their funding pips account?
Not a problem right now. And I traded the challenge this morning (already closed a while ago).
  • #30,413
  • Feb 14, 2024 6:19am Feb 14, 2024 6:19am
Quoting Capablanca
{quote} Not a problem right now. And I traded the challenge this morning (already closed a while ago).
It would be devastating for those affected to issue chargebacks considering how thin the margins of fundingpips are.
  • #30,414
  • Feb 14, 2024 6:23am Feb 14, 2024 6:23am
Quoting Takisd
Can anyone access their funding pips account?
I can't access. Funded account
  • #30,415
  • Feb 14, 2024 6:28am Feb 14, 2024 6:28am
Funding pips trading closed.
  • #30,416
  • Feb 14, 2024 6:39am Feb 14, 2024 6:39am
Quoting Takisd
{quote} It would be devastating for those affected to issue chargebacks considering how thin the margins of fundingpips are.
Ohhhhhhhhhhhhh, they're going down as well ?
  • #30,417
  • Feb 14, 2024 6:41am Feb 14, 2024 6:41am
Quoting Capablanca
{quote} Ohhhhhhhhhhhhh, they're going down as well ?
I dont know. I just know their mt5 is not working.
  • #30,418
  • Feb 14, 2024 6:42am Feb 14, 2024 6:42am
Anyone read this in Discord ?
Attached Image (click to enlarge)
Click to Enlarge Name: MFFx news.PNG Size: 8 KB
  • #30,419
  • Feb 14, 2024 6:44am Feb 14, 2024 6:44am
Quoting Takisd
{quote} I dont know. I just know their mt5 is not working.
Ouch, I started the MT5 when I read your message and was working. Now it's not working any longer.
Another one....
  • #30,420
  • Feb 14, 2024 6:47am Feb 14, 2024 6:47am
Quoting Capablanca
Anyone read this in Discord ? {image}
"Traders" going max lot size on a coin flip before something like NFP / CPI and either blowing up massively or making lots of profit.

No surprise that is going to be prohibited.

I expect the Funded Next near copy and paste of the FTMO policy will likely cover this too.
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