Disliked{quote} Man, didn't you know that trustpilot is the means of blackmail to get what you want?Ignored
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} Man, didn't you know that trustpilot is the means of blackmail to get what you want?Ignored
Disliked{quote} i was just thinking that people should leave a review after it s all done and dusted, not mid of trading with the firm. i dunno, i m trading on ctrader with ftmo, no issues here, no massive slipage, stop hunts, spread mark ups etc so far atleast. but i know they ve had issues in the past when i was also using mt4.Ignored
Dislikedthis is nothing but a fraud and what have been advertised its not there in reality... ...Some may come and argue here that I can take big lots, but whats the benefit of taking big lots when you can't have loss beyond $500? Don't prove me wrong instead ask this Q to your selfIgnored
Disliked{quote}-It may be deceptive marketing, but it is not fraudulent. Anyone with a brain can see what the offer really is, and if you look at the numbers, some of the offers are actually quite good, regardless of how they are presented.Ignored
DislikedSir, deceptive marketing in forex is another form of fraud, what they are saying trade their funds and they are funding you which is never true, Its you who are trading using your own funds here, nothing you are getting on the name of funding, you will realize when you calculate all numbers.Ignored
Disliked{quote}-To be clear, when I say deceptive, I was not speaking in general terms, but rather how some people may view it. More importantly, deceptive marketing is not the same as false marketing or false advertising. There is a difference. For example, the pictures that you see at the drive-thru menu are likely never going to accurately represent what you end up shoving into your face. Maybe you feel like you were deceived, but you weren't really lied to. Have you even bothered to look at the draw-down allowances that are offered with some of these...Ignored
Disliked{quote} Well I’m not one of the smart ones here but since you haven’t had a reply I’ll chip in. As a higher timeframe swing trader I’ve tried to make it fit and it failed twice. I gave up trying to make it fit and now scalp day trade. Maybe if you had more than one swing strat and you could overlay your entries and exits it could work. Forget about FTMO “swing” account because it’s just a euro FX ESMA retail account marketed to mislead folks. Anything under 22 trading days is a waste of time for a long term trader. Possibly you might get an MFF...Ignored
Disliked{quote} Not smart by any means, but have been pretty successful trading with these firms....One of my suggestions has already been posted....MFF, if you're a swing trader, you would certainly qualify for the free one time extension, so you'd have 60 days to make 8%. My other is to look at your trade history (your DD in particular) and see if there is any way you can bump the risk up and still stay under the DD limits. One of my strategies is a weekly pivot method, which involves scaling in and out of multiple entries, some are held for several days....Ignored
DislikedHere is an example of what MFF offers: 24K draw-down allowance (balance) for $979. After successful completion of challenge, you are fully refunded your $979 and are trading a 24K account completely risk-free. But you think that you are trading your own money and that it is a fraud? You keep throwing around hypothetical examples to prove your case, but I am showing you a real example here. So, prove me wrong.Ignored
DislikedNo matter what it is in life, there will always be critics. In this case, I think that this gentleman may not be fully informed. Maybe he will end up seeing the light.Ignored
Disliked{quote} tottaly agree, 5% can be a lot of money depending on the account size. my point was that price doesn t move when we want, so i can t monitor the trades every sec of every min for the whole day etc..and depending on the risk management and trade management, isn t that uncommon specially on a day like this past friday for example. i had a limit on GU for a short, never got tagged into the trade as price just colapsed, but to make the point, my SL was 8 pips. could be even 10 up to 15pips, the way price moves sometimes, even when there aren...Ignored
DislikedProp firms have only 1 pro and i.e. you can take big lots Let say these prop firm offering you $10K account but limiting you with $500 dd which is 5% DD, this is nothing but a fraud and what have been advertised its not there in reality. If you have $10K funded that should give you a capacity of trading and holding till 10k let say if not 10k still some $5K a mid point, but with $10K account you can max lose is $500 means what do you have really is $500 and not $10K. Some may come and argue here that I can take big lots, but whats...Ignored
Disliked{quote} this is what i was refering 2 and is main reason why MFF daily DD for me it s nasty u have the before and after pic just earlier today, still in this trade, looking to manage the swing till it kicks me out or reached TP which would be like 8RR. with FTMO i can just set BE and leave it be, with MFF if it would do a sudden pullback beeing up 5% for instance i d lose the acount. now that seems reasonable? really hoping they d change that and not be based on equity anymore EDIT> no freezing, no mark up in spread, so far atleast on ctrader it...Ignored
Disliked{quote} this is what i was refering 2 and is main reason why MFF daily DD for me it s nasty u have the before and after pic just earlier today, still in this trade, looking to manage the swing till it kicks me out or reached TP which would be like 8RR. with FTMO i can just set BE and leave it be, with MFF if it would do a sudden pullback beeing up 5% for instance i d lose the acount. now that seems reasonable? really hoping they d change that and not be based on equity anymore EDIT> no freezing, no mark up in spread, so far atleast on ctrader it...Ignored
Disliked{quote} I think you don't understand DD. From MFF "Daily dd is calculated from starting equity or balance of the day (whichever is higher) based on the broker’s timezone."Ignored
Disliked{quote} u answered urself dude, so if in a day u make 5% (to not say in a single trade) and u lose 5% same day, u lost the account. it s trailing DD based on equity from what i gather, if not so pls correct me. with FTMO for instance, u can make 10% in a day and lose it and be back at BE in same day, ur account is safe.Ignored
Disliked{quote} u answered urself dude, so if in a day u make 5% (to not say in a single trade) and u lose 5% same day, u lost the account. it s trailing DD based on equity from what i gather, if not so pls correct me..Ignored
Disliked{quote}Not exactly...your DD limit resets only at 00:00 server time everyday. Its at that time that the DD limit (-5%) either from equity or balance (whichever is higher) is determined; so technically, you could make 25% on the day and lose 18% on the same day and be fine. That being said, the DD rule is the only thing I wish MFF could reconsider, just for simplicity sake; but as it is they score 99.999999% in my book already..Ignored
Disliked{quote} hopefully i m wrong and it s like u guys say, then it s exactly like FTMO and it isn t a relative 1. i can t recall where i read, but i remember that it was a trailing DD based on equity. if so, then it s great.Ignored