I didn't say it was a problem, I said it was not needed and is there to make people fail. The conversation started due to the newest offering charging more and using 400:1 leverage as a reason to charge more. What I am stating is simple, if you use ...

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Yes, absolutely correct, your leverage combined with your stop loss equals your risk. What I'm saying is to stay alive in this game, I recommend 0.5% risk per trade, but let's use 1%, so $1,000 on a 100K account...... we will even assume you are a ...

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Sure, plenty of thoughts on this.... So I passed my last stage 2 with MFF without any leverage at all. I traded one standard lot on all trades on a 100K account Had 6 days of 1K+ and 2 small losing days, made the 5% mark in 8 days. With that being ...

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Too many models. I cannot tell if it's MFF fault or just those that cannot decipher the different accounts they offer.

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Not sure about rapid or accelerated, but I can tell you with 100% certainty the eval account, all phases including live, does not require a stop loss. The only rule is your daily and overall DD. news trading is allowed, weekend holding is allowed, ...

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You're talking FT I assume?

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Not eval, which is why I've been saying since the beginning, only model worth one's time and effort.

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IMO, the 400:1 is there to make folks lose the challenge quicker yet they tout it as a reason to charge higher fee, like it's a selling point. They must think they are dealing with amateurs, if they are trying to market to anyone in this thread..

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IMO, I would say $50/pip (5 lots) would be the absolute max on a 100K account and you better be precise, 10 pips your down 0.5% and 20 pips is 1%, in which case I'd be done for the day. There is obviously more than one way to win this game, not ...

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I agree 100%. It is usually a few trades that make my month as well or a few pairs that I keep hammering the same set-up over and over. Yes, trying to hit a certain number every day is difficult, my rule with the prop firms is 1% loss in a day I'm ...

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Yes, I completed my last stage 2, 5K profit in 8 days, 2 of the days were small losses, the winning days were all 1K+. I'm not saying you need to exit after 20 or 25 pips, my target is usually 100 pips or more (depending on the pair), when I get ...

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With 20 days, you need to average $400 per day (MFF) or $500 per day (FTMO). If you fall short, you go again for free. Don't get me wrong, I do go heavier intraday when I love the setup, but me going "heavy" is like 5:1 leverage. You need 20 pips a ...

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TBH, the statement "one can conceivably almost make that in just a few hours" is why 95% of people are failing challenges. Yes, you can get lucky, but to make that profit in a few hours is simply WAY too much risk. Of course, one could go heavy, but ...

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Yes, daily DD is 5% so 5K on a 100K.

FTMO - For serious traders

That's awesome. Yes, I have a great feeling about them as well. I believe they are executing our trades and looking for good traders.

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Yes, I failed my first FTMO last June, simply because I had a huge day, closed my winners and rolled the losers into the next day and immediately violated daily DD, account was actually up 5% at the time. I also publicly failed a 5%ers standard ...

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Key word being "reliable", I wouldn't do any others at this point in time. My 3rd is the 5%ers summer plan, which is no longer available.

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Right, it's a live account, so the ONLY objective is not to lose it.

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You're doing better than me and I'm a month in. image

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Yes, just always adjust your risk per trade based on what you have left, not on original balance. Takes longer to recover, but also lessens your chance of violating.

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