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  • #32,941
  • Mar 11, 2024 8:56am Mar 11, 2024 8:56am
Hi all.

How long is the duration of majority of retail FX/prop traders' trades? As I remember Khaled said 90% of the flow can internalized, so is it with minutes, 15 minutes?
Takisd, what is your opinion on that?

Thanks.
  • #32,942
  • Mar 11, 2024 8:57am Mar 11, 2024 8:57am
Quoting solarpower
Hi all. How long is the duration of majority of retail FX/prop traders' trades? As I remember Khaled said 90% of the flow can internalized, so is it with minutes, 15 minutes? Takisd, what is your opinion on that? Thanks.
I don't know. Prop and broker data is different. On brokers most traders last 30 min or so in a trade. On props likely there are a bunch of scalping gamblers who wouldnt make it in real market conditions.

I would take anything Khaled says with a planet size grain of salt.
  • #32,943
  • Mar 11, 2024 9:23am Mar 11, 2024 9:23am
Hi everyone, Today I've caught the5ers in price manipulation. I had a long trade on BTCUSD and overnight it hit my SL. The price went down just enough to hit my SL but after I compared the daily low on other brokers or Tradingview or here on FF, today's daily low never went below 67000 but on 5ers today's low shows on my platform at 66886.18. I asked the other traders on 5ers discord group and they said that they had the daily low at 67130 which proves the manipulation by 5ers just to hit the SL. I had the same issue on FTMO a few years ago but I couldn’t prove anything. They blamed the liquidity providers and dismissed my complain. This time the5ers can't blame the liquidity providers as other 5er traders didn't have same low as on my platform. Will see what the5ers excuses will be on this issue. That just shows that the prop firms are after our challenge fees and they will do anything just to fail us.
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  • #32,944
  • Mar 11, 2024 9:26am Mar 11, 2024 9:26am
Quoting Xtronex
Hi everyone, Today I've caught the5ers in price manipulation. I had a long trade on BTCUSD and overnight it hit my SL. The price went down just enough to hit my SL but after I compared the daily low on other brokers or Tradingview or here on FF, today's daily low never went below 67000 but on 5ers today's low shows on my platform at 66886.18. I asked the other traders on 5ers discord group and they said that they had the daily low at 67130 which proves the manipulation by 5ers just to hit the SL. I had the same issue on FTMO a few years ago but...
Welcome to the world of CFDs
  • #32,945
  • Mar 11, 2024 9:29am Mar 11, 2024 9:29am
Quoting Xtronex
Hi everyone, Today I've caught the5ers in price manipulation. I had a long trade on BTCUSD and overnight it hit my SL. The price went down just enough to hit my SL but after I compared the daily low on other brokers or Tradingview or here on FF, today's daily low never went below 67000 but on 5ers today's low shows on my platform at 66886.18. I asked the other traders on 5ers discord group and they said that they had the daily low at 67130 which proves the manipulation by 5ers just to hit the SL. I had the same issue on FTMO a few years ago but...
As expected they replied with the bs answer which didn't even explained why there is a difference between other 5ers trader's mt5 prices with the same liquidity providers.

This is the reply:

From the above image, you can see that there was a huge slippage and due to this reason there were price gaps and your trade did not trigger the SL point, in this situation, the platform is programmed to close the trade with the nearest possible rate available in the market.
If you need any further assistance, please do not hesitate to contact me.
Best regards
  • #32,946
  • Mar 11, 2024 9:33am Mar 11, 2024 9:33am
Quoting Xtronex
Hi everyone, Today I've caught the5ers in price manipulation. I had a long trade on BTCUSD and overnight it hit my SL. The price went down just enough to hit my SL but after I compared the daily low on other brokers or Tradingview or here on FF, today's daily low never went below 67000 but on 5ers today's low shows on my platform at 66886.18. I asked the other traders on 5ers discord group and they said that they had the daily low at 67130 which proves the manipulation by 5ers just to hit the SL. I had the same issue on FTMO a few years ago but...
I'd like to know what they say about this. I had a similar experience with US 30 with them a couple of months ago. I did not think about asking members in the Discord though.
  • #32,947
  • Mar 11, 2024 9:42am Mar 11, 2024 9:42am
Quoting Xtronex
{quote} As expected they replied with the bs answer which didn't even explained why there is a difference between other 5ers trader's mt5 prices with the same liquidity providers. This is the reply: From the above image, you can see that there was a huge slippage and due to this reason there were price gaps and your trade did not trigger the SL point, in this situation, the platform is programmed to close the trade with the nearest possible rate available in the market. If you need any further assistance, please do not hesitate to contact me. Best...
I'm with you I don't know what that has to do with other accounts having a different price.
  • #32,948
  • Mar 11, 2024 9:43am Mar 11, 2024 9:43am
Quoting Xtronex
{quote} As expected they replied with the bs answer which didn't even explained why there is a difference between other 5ers trader's mt5 prices with the same liquidity providers. This is the reply: From the above image, you can see that there was a huge slippage and due to this reason there were price gaps and your trade did not trigger the SL point, in this situation, the platform is programmed to close the trade with the nearest possible rate available in the market. If you need any further assistance, please do not hesitate to contact me. Best...
Are you sure the discrepancy within 5ers terminals?
I think the guy on Discord referred to his other charts, probably, TradingView. You should check.
  • #32,949
  • Mar 11, 2024 9:43am Mar 11, 2024 9:43am
Quoting woody70
{quote} I'd like to know what they say about this. I had a similar experience with US 30 with them a couple of months ago. I did not think about asking members in the Discord though.
I just asked Alex and Jonatan on their live trading stream on Youtube and Alex said my Daily low price but Jonatan's was above 67000. That was funny that Alex who works for 5ers said the price below 67k and Jonatan who trades for 5ers had above 67k. Same liquidity providers but Alex never looked at his mt5 for a daily low but somewhere else so he knew what it's all about. I'm fine with hitting my SL but when something like this happens, it annoys me a lot
  • #32,950
  • Mar 11, 2024 9:48am Mar 11, 2024 9:48am
Quoting solarpower
{quote} Are you sure the discrepancy within 5ers terminals? I think the guy on Discord referred to his other charts, probably, TradingView. You should check.
Why he would be referring to other such as TradingView as it's only the5ers discord group
  • #32,951
  • Mar 11, 2024 9:52am Mar 11, 2024 9:52am
Quoting Xtronex
{quote} Why he would be referring to other such as TradingView as it's only the5ers discord group
Because most people does not care, irresponsible (or stupid) regarding your problem, they just look at their chart, say, my number is this.

I looked at their web platform. The low is around as what you mentioned. The conclusion is they or their liquidity providers could not provide a good feed overnight.
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  • #32,952
  • Mar 11, 2024 10:03am Mar 11, 2024 10:03am
Quoting solarpower
{quote} Because most people does not care, irresponsible (or stupid) regarding your problem, they just look at their chart, say, my number is this. I looked at their web platform. The low is around as what you mentioned. The conclusion is they or their liquidity providers could not provide a good feed overnight. {image}
OK you are having prices same as me, could anybody else contribute to this who are on 5ers?
  • #32,953
  • Mar 11, 2024 10:09am Mar 11, 2024 10:09am
Quoting Xtronex
{quote} OK you are having prices same as me, could anybody else contribute to this who are on 5ers?
BTW, It is not my account. I do not have account with them, it is their investor account (for checking).
  • #32,954
  • Mar 11, 2024 10:12am Mar 11, 2024 10:12am
Quoting solarpower
{quote} BTW, It is not my account. I do not have account with them, it is their investor account (for checking).
Yeah I noticed that after I wrote my comment.
  • #32,955
  • Mar 11, 2024 11:05am Mar 11, 2024 11:05am
Trading BTCUSD for prop trading is silly. None of these companies use the exchanges for pricing. On markets that are gap down heavily on BTC you get better on CFD's on bullish BTC markets you get better on exchange.
  • #32,956
  • Mar 11, 2024 12:10pm Mar 11, 2024 12:10pm
Quoting Takisd
{quote} mt4 is discontinued. There is a plan to end all MT4 this year.
Ack.
My heart!
  • #32,957
  • Mar 11, 2024 12:33pm Mar 11, 2024 12:33pm
Quoting Cryptosurf
Not sure I follow. Explain
-Meaning, I assume that they would not view some traders as a potential threat or liability (unlike some forex brokers) and thus traders would not have to worry about earning too much or getting screwed over by any shenanigans. Is this thinking correct?
  • #32,958
  • Mar 11, 2024 12:34pm Mar 11, 2024 12:34pm
Anybody had their MFFx new details yet?
  • #32,959
  • Mar 11, 2024 12:47pm Mar 11, 2024 12:47pm
Quoting Xtronex
Hi everyone, Today I've caught the5ers in price manipulation. I had a long trade on BTCUSD and overnight it hit my SL. The price went down just enough to hit my SL but after I compared the daily low on other brokers or Tradingview or here on FF, today's daily low never went below 67000 but on 5ers today's low shows on my platform at 66886.18. I asked the other traders on 5ers discord group and they said that they had the daily low at 67130 which proves the manipulation by 5ers just to hit the SL. I had the same issue on FTMO a few years ago but...
Hey hey, I have to admit, I do not know the5ers, but FTMO is legit I think. They are not ponzi prop trading firm like most of other "prop firms" on the market... If you pass their challenge and if you earn money, the FTMO will send you all your money and this is what matters the most these days, right? They are so big nowadays that there is no need to manipulate market by them, I think... What others do you think about FTMO?
  • #32,960
  • Mar 11, 2024 12:51pm Mar 11, 2024 12:51pm
Quoting Nsak3y
{quote}-Meaning, I assume that they would not view some traders as a potential threat or liability (unlike some forex brokers) and thus traders would not have to worry about earning too much or getting screwed over by any shenanigans. Is this thinking correct?
Yeah its not a FX bucketshop. They are a Futures Commission Merchant (FCM), the money they make is off commissions. They settle trades. There are various other white label brokers who clear thru them (ie Optimas Futures). The money you send them for your account is to cover margin requirements. The money they send you is from CME contract transactions.

There was a class action levied against AMP when CL went negative during covid and all the various feeds had a meltdown. It was dismissed as AMP has nothing to do with the technology of the various platforms, nor the various feeds. I know some of the other brokers (that have their own platform) covered client losses.
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