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- pipmaster77 replied Feb 14, 2021
OK, I have a challenge for you. I'm going to start a 2nd, brand new eval with the %5ers for the purpose of this. I am going to put 875 for a $20,000K account, you put $875 in a personal account. We will put up trade explorers and see who gets to a ...
The5ers - Trading & Growth Program
- pipmaster77 replied Feb 14, 2021
Seriously, wow, you are one dense dude. It is not a $250 account. In your example it is a $6,000 account with 6:1 leverage. You have a 4% DD limit. The only way your argument is even remotely viable is if you do not apply any DD rules on your ...
The5ers - Trading & Growth Program
- pipmaster77 replied Feb 14, 2021
Yes, you got it now. Just like you're not even coming close to your 500:1, I only use about half of my 6:1. You need capital, not leverage. However, I am glad you finally get it.
The5ers - Trading & Growth Program
- pipmaster77 replied Feb 14, 2021
Didn't say anything about 10% per month. I said a profit of 10K per month with 3 different scenarios. The bottom line is the more capital you have, the lower the leverage required to hit that goal. The fact is, the lower your leverage, the lower the ...
The5ers - Trading & Growth Program
- pipmaster77 replied Feb 14, 2021
And your flaw is you wouldn't be able to make 10K per month with 100 pip profit. You must READ the first part of the post. The goal is 10K profit per month using one of the 3 scenarios. You see, the big flaw in all of your arguments, is the personal ...
The5ers - Trading & Growth Program
- pipmaster77 replied Feb 14, 2021
Been awhile since I have posted on this buying power argument. I have come up with a very simple example which should clear it up for most: Let's say, for the sake of round numbers, I wish to make $10,000 per month trading forex. I have 3 options to ...
The5ers - Trading & Growth Program
- pipmaster77 replied Feb 10, 2021
I don't use ctrader, but I believe I have read somewhere, crypto is 24/7. I would contact FTMO just for clarification.
FTMO - For serious traders
- pipmaster77 replied Feb 10, 2021
Anytime the market is closed for more than 2 hours, position must be closed. I believe on ctrader, bitcoin is 24/7, however, on MT4, there is I believe a 6 hour closure from 7:00-13:00 server time on Saturday. The way I would interpret the rule, the ...
FTMO - For serious traders
- pipmaster77 replied Feb 10, 2021
I don't see how you can survive without it. I open multiple small positions per trade, but my risk is already pre-determined on what the entire position could be. Being a swing trader, I scale in both ways, on trades that go against me as well as ...
FTMO - For serious traders
- pipmaster77 replied Feb 8, 2021
It was definitely their end. I use mobile app as backup. I couldn't open/close/modify trades there either.
FTMO - For serious traders
- pipmaster77 replied Feb 7, 2021
I am a swing trader. I simply close it and open it back up on Sunday evening. Sometimes, you lose a few pips, sometimes you enter at an even better price. It all evens out.
FTMO - For serious traders
- pipmaster77 replied Feb 5, 2021
Thank You, I can now take another month off from this toxic place.
FTMO - For serious traders
- pipmaster77 replied Feb 4, 2021
Hmmm....only problem I see there is....well, maybe, just maybe, going out on a limb here....he doesn't have a 100K to put into a forex account. Even if he did, why trade your own money. For a $650 refundable fee, trade their $100K. With a 70% split, ...
FTMO - For serious traders
- pipmaster77 replied Feb 4, 2021
I earned my funded account in September, so not quite 6 months. I am currently in the process of getting funded with another firm as well. I will be adding a 3rd and possibly a 4th mid year. I still don't understand the question though, it's the ...
FTMO - For serious traders
- pipmaster77 replied Feb 4, 2021
You didn't even answer my question. A, B or C? I'll answer yours....I prefer to hang with the 0.08% crowd.
FTMO - For serious traders
- pipmaster77 replied Feb 4, 2021
Man, I promised myself I wouldn't interact with folks who just come here to spread the doom and gloom. I just can't help myself sometimes. So are you either, A. A super trader yourself earning a living from forex and you don't believe in prop firms ...
FTMO - For serious traders
- pipmaster77 replied Feb 4, 2021
And another excellent one that scales you to 1.28 million with a 50/50 split. Real strict drawdown and loss limits, though. But once again, can you risk .25% per trade and grind out 2-3%. The big misconception in trading is you do not need to be a ...
FTMO - For serious traders
- pipmaster77 replied Feb 4, 2021
The clowns and naysayers are early this week. This usually doesn't occur until the weekend. Must be a boring Thursday evening.
FTMO - For serious traders
- pipmaster77 replied Feb 4, 2021
Well that stat will be any prop firm, any personal account. To answer your question, if your in the 99.02% group you don't even have the cost of the challenge fee as it was refunded with your first split. So let me see, do a little math, carry the ...
FTMO - For serious traders
- pipmaster77 replied Feb 4, 2021
You don't believe with a 300K account, you could reduce leverage to the ridiculous and grind out 3-4% per month. That's 75K per year for your split. Now duplicate it at 4 firms.
FTMO - For serious traders