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PaulMF replied Apr 30, 2021Brokers provide an important service. There is no fraud. No trading limits and objectives. If something fails, you can always contact regulators. 80%... Never seen that number. You may also find 5x%. There is no trading objectives and rules designed ...
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PaulMF replied Apr 29, 2021The big problem is that those pseudo prop firms are the big trap for many with limited trading experience (or even with many years of fantasy trading) who may think that these prop firms are a real opportunity of making money when in fact makes them ...
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PaulMF replied Apr 29, 2021And very good salaries and bonus. Completely different worlds. Real prop firms.
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PaulMF replied Apr 29, 2021I agree with you that 5% in a day is too much. I never said the opposite. Just saying that is better a 4% stop out level restriction than a 5% daily relative drawdown restriction for the trader. Coding skills are not only valid for indicators. Any ...
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PaulMF replied Apr 29, 2021I'm respectfully replying to everyone who quotes me. This is a forum... I'm not an evil genius for that. By the way, I have asked for two real prop-firms, Optiver and Hudson River, and the thread has been flooded by FTMO's propaganda.
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PaulMF replied Apr 29, 2021FTMO's daily drawdown is relative to previous end of day balance.
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PaulMF replied Apr 29, 2021There is no target on both after first stages. In 5ers you are funded since the first day. An there is no target since you get 6% or 12% (depending on program), instead on FTMO you have to make 15% and 20 trading days to get funded and disable the ...
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PaulMF replied Apr 29, 2021Wrong. Step 3: New trading day. The maximum possible loss allowed in both cases: - FTMO: $750 (relative to prior day balance) - The5ers: $5,400 (fix at stop out level of $9,600)
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PaulMF replied Apr 29, 2021Has anyone tried some real prop firms like Optiver and Hudson River Trading? Some insight about the recruiting process and types of strategies would be of great interest here. Are they only using market-making strategies? Or someone has heard of ...
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PaulMF replied Apr 29, 2021FTMO: $640 to participate in a challenge to get 10% in a month and a verification of two months to get 5%. After that, extremely difficult to pass, you may get $5,000 relative daily drawdown.
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PaulMF replied Apr 29, 2021Step 1: You have 2 accounts on The5ers and FTMO at the same time. Both with $10,000. Step 2: After several days you reach a balance of $15,000 in both accounts: FTMO and The5ers. Step 3: New trading day. The maximum possible loss allowed in both ...
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PaulMF replied Apr 29, 2021Demo... I can run hundreds of demo accounts with agressive EAs all at the same time and only share those accounts that better performed in the last months. Hope you will replicate those results in a real account. Good luck
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PaulMF replied Apr 29, 2021FTMO daily drawdown is relative. From the starting balance of each day. Even affects to those already open positions.
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PaulMF replied Apr 29, 20214% fix stop out level is way better than 5% daily drawdown. 5% relative daily drawdown with a target of 10% in 30 days limit is a big no-no. One just have to look at those ff members that have failed to reach some profit split after several attempts.
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PaulMF replied Apr 29, 2021Well, that's the idea! The only one that makes sense can be replicated at home.
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