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- pipmaster77 replied May 25, 2021
I'm with MFF as well and will be getting 75% first month, 80% second and 85% 3rd month, in addition to the 70% I receive from FTMO. So, yeah, 50% is not nearly enough. Why go through a prop firm to earn what you could on your own?
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- pipmaster77 replied May 25, 2021
They have gone the FTMO route, once you pass, you trade on their server.
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- pipmaster77 replied May 25, 2021
Yes, credit card for payment. Experience is great. Evaluation is the ONLY plan I would ever do. Broker feed is excellent.
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- pipmaster77 replied May 25, 2021
Tickmill, FxPig, ICMarkets and Octaforex. I am using Tickmill based on a recommendation from a fellow trader in here. They are fantastic, so that's who I would suggest.
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- pipmaster77 replied May 25, 2021
I agree. FTMO and MFF are, to me, the only way to go. Well, as long as you're doing the eval model. I like Enfoid model as well, but, at this point, that 50% split needs a bump.
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- pipmaster77 replied May 24, 2021
Technically, there is no such thing as a WRONG quote. Everyone uses different LPs, aggregate feeds, etc. True raw spread broker will show best available bid/ask, while your market makers will add their markup to the feed. Takisd can confirm my ...
FTMO - For serious traders
- pipmaster77 replied May 24, 2021
The one HUGE thing I do not like about them....you must keep your profit in or they don't scale you. They double you at 10%, but you must leave it in. So if you don't need immediate money....fine. I think the trick here is the longer you keep ...
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- pipmaster77 replied May 22, 2021
He must've sold it to fund all of the traders coming on board.
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- pipmaster77 replied May 22, 2021
So, just learned, moving forward, no 2% or 4% on first 2 stages and 100% refund not 112%, so numbers need to be reduced by $833 on eval model [320+400+113(the excess above 100% refund)]
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- pipmaster77 replied May 22, 2021
OK, don't shoot!!! lol. I get the earning potential aspect. My only point is regardless of the leverage offered, you can still only lose $500 on that 10K account.
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- pipmaster77 replied May 22, 2021
Yes, exactly my point, you are not going to use the 1:50 and if you are using 1:8 or 1:9 with a 5% DD, you are probably not going to open another trade until you have that one locked at BE. That's where the higher leverage would definitely be an ...
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- pipmaster77 replied May 22, 2021
Yes, never did understand why someone would choose that model with MFF or FTMO.
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- pipmaster77 replied May 22, 2021
I've done some math for everyone to demonstrate the difference between eval and live on the MFF. Going to compare the 200K eval vs the 20K live conventional as they are approx the same cost. 949 vs 970. 1st "stage" requires 8% on eval, which pays ...
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- pipmaster77 replied May 22, 2021
Right, but my point is if you are actually going to use the 50:1, you are done with a 10 pip move against you. That's what I mean by irrelevant, it's still all about the DD. You simply can only lose so much, so you must adjust your leverage to ...
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- pipmaster77 replied May 22, 2021
Yes, I just feel the eval/challenge model is so much more superior. $499 for 12 K DD, and then you're funded at 100K , still with 12 % DD and 75/80/85% split. They are even paying, 2% and 4% on eval and verification, so $160 and $200, which equates ...
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- pipmaster77 replied May 22, 2021
When I have a couple of hours I can't find anything else to do with, I will post a spreadsheet. Actually someone else already has, for CTI, though, but same concept.
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- pipmaster77 replied May 22, 2021
Ah, no math rebuttal after stage 3? Correct, as there isn't one. Actually, my initial statement is the "fee" would be better in a personal account. I have proven, over and over again, after stage 3, personal account blows the 5%ers account away from ...
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- pipmaster77 replied May 22, 2021
Ok, now do the math through stage 3, they've now collected 4680, new DD is 4160. It just gets worse from there. You see after the initial 4x, it only doubles from that point. But, hey, spin it however you see fit.
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- pipmaster77 replied May 22, 2021
Just to clarify, I like MFF. I am doing a 100K eval right now and plan on maxing whatever they allow on THAT MODEL. Will trade it alongside my 200K FTMO. I just feel like these other models are an absolute "play on numbers" and very deceiving as I ...
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