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Anyone trading with a Prop firm 6 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

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Prop Firm Hub

Due to tax reasons I will only trade my personal account until end of year or end of January. Then I will have a look again at the conditions and actual discount codes.
Also my strategy showed or made a 2:1 Reward-Risk-Ratio on last 2 months, so any compounding on own personal account should give me same results than at props.
Quoting TrAndy1
Due to tax reasons I will only trade my personal account until end of year or end of January. Then I will have a look again at the conditions and actual discount codes.
Aren't you already funded at TFF?
Quoting pipmaster77
{quote} Aren't you already funded at TFF?
Stopped there now for tax reasons, otherwise I pay more. German tax is quite complicated. I think you do not loose funded account when you not trade 2/3 months or ?
Just in case you are asking where I am. I will stopp trading at prop firms before I can get some problems for the next 3 months or so. So I will not post anything/much.
Quoting TrAndy1
{quote}I think you do not loose funded account when you not trade 2/3 months or ?
With MFF and E8 you have to place at least 1 trade every month (or so) else you have to inform them and agree on a longer break (if possible - I don't know)
With TFF I could not find any such limitation in written but didn't ask them
Money is made by sitting, not trading
LOL my sides..
Heiken Ashi Scanner
Heiken Ashi Indicator

Easy and simple strategy for FTMO and any prop trading firms.
The Heikin Ashi Chart is used by technical traders to identify a given trend more easily. Because the Heikin-Ashi technique smooths price information and reduces Noise effectively, it makes trends, price patterns, and reversal points easier to spot. Candles on a traditional candlestick chart frequently change from up to down, which can make them difficult to interpret. Heikin-Ashi charts typically have more consecutive colored candles, helping traders to identify past price movements easily.

B - STRONG BULL HEIKEN CANDLESTICK
S - STRONG BEAR HEIKEN CANDLESTICK
H - WEAK BULL HEIKEN CANDLESTICK
L - WEAK BEAR HEIKEN CANDLESTICK
> - BULL TREND REVERSAL
< - BEAR TREND REVERSAL
>| - BULL TREND REVERSAL ABOVE MOVING AVERAGE
|< - BEAR TREND REVERSAL BELOW MOVING AVERAGE

Attached Image (click to enlarge)
Click to Enlarge Name: heiken ashi scanner.png Size: 16 KB



read more: https://www.mql5.com/en/blogs/post/743856
Quoting Xbeast
Heiken Ashi Scanner Heiken Ashi Indicator Easy and simple strategy for FTMO and any prop trading firms. The Heikin Ashi Chart is used by technical traders to identify a given trend more easily. Because the Heikin-Ashi technique smooths price information and reduces Noise effectively, it makes trends, price patterns, and reversal points easier to spot. Candles on a traditional candlestick chart frequently change from up to down, which can make...

oust.
Quoting Nsak3y
Quoting Vitore
https://traderswithedge.com/challenges/ {image} My understanding was this applies for funded account as well and all trades, not only for passing the challenge, but maybe I'm wrong
-So, after a lot of back-and-forth, I was finally able to get the to the truth regarding this rule. It seems that the lot consistency rule applies to everything, which is, of course, very disappointing.
-A very surprising update regarding this issue (lot exposure consistency rule removed for funded accounts):

Attached Image (click to enlarge)
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I think that this says a lot about Traders With Edge firm.
Hi: Does anyone know if this Prop Firm a legit firm https://www.xltrade.net/ ?
Quoting Fadhl
Hi: Does anyone know if this Prop Firm a legit firm https://www.xltrade.net/ ?
Ask over there

https://forexpropreviews.com/

If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP All Time Return: 17.4%
https://www.trustpilot.com/review/blueforexfunds.com

And the scam comes tumbling down.

There is a telegram group with info on these idiots. One of the owners is Eric Doustov. I had previously mentioned they were doing the whole management thing. Axel from passyourchallenge and IG: Godzcurrency are in on it as well as a lot of the other challenge passers.

Add it on the scam list its confirmed there are hundreds of people unpaid and now they are all trying to get the authorities involved.

Also, be wary of firstclassforexfunds as folks from the same circus are involved.
Quoting Takisd
https://www.trustpilot.com/review/blueforexfunds.com And the scam comes tumbling down. There is a telegram group with info on these idiots. One of the owners is Eric Doustov. I had previously mentioned they were doing the whole management thing. Axel from passyourchallenge and IG: Godzcurrency are in on it as well as a lot of the other challenge passers. Add it on the scam list its confirmed there are hundreds of people unpaid and now they are all trying to get the authorities involved. Also, be wary of firstclassforexfunds as folks from...
Well, thanks to this thread, I'm hoping nobody here got involved. Thanks for keeping us away. I think that's what some do not understand about your input. You have enough experience in this industry to simply look at WHO is involved with these firms and quickly conclude "NO GO"
I truly cannot feel bad for folks getting scammed. There are way too many resources to avoid being scammed these days. Quick glance shows blueforex doesn't even go through the trouble of at least putting a fake address on their site. I mean c'mon, how naive can one be? Oh, but the trust pilot reviews WERE good.
I do not know what is worse, that people are too stupid/lazy to do their own due diligence, or, that they will now go crying to get the 'authorities' involved.

Obviously, these scammers are selfish, greedy punks that only ruin things for the rest of us and need to be severely punished, but the traders that sign up with these untested firms also need a slap in the face if they were risking money that they couldn't lose.

By all means, if you want to test these new firms out, that is your choice, but do so properly, with funds that you do not mind losing. How difficult is it, really?
i bought a 10k bff account just to prove they are scam because Andy kept saying everything i say is bullshit and I only like ftmo and mff.

Ultimately he is right about the FTMO and MFF, I only like them the rest give me heebie jeebies because its like walking on a knife where at some point your time will not be rewarded.
Quoting Nsak3y
I do not know what is worse, that people are too stupid/lazy to do their own due diligence, or, that they will now go crying to get the 'authorities' involved. Obviously, these scammers are selfish, greedy punks that only ruin things for the rest of us and need to be severely punished, but the traders that sign up with these untested firms also need a slap in the face if they were risking money that they couldn't lose. By all means, if you want to test these new firms out, that is your choice, but do so properly, with funds that you do not mind...
Yes, that is my biggest fear for this space........the scammers and those who sign up and then complain are certainly going to bring unwarranted attention.
I know some disagree, but this is why I keep stating use the trusted firms, there are enough now to achieve more than enough funding.......5 extra days or 1% lower target is not going to help you pass......You either have a strategy for these models or you don't.
If nobody uses the scam firms 2 great things happen:
1. They have no business, therefore they will cease to exist
2. Nobody gets ripped off, therefore, nobody complains, therefore no unnecessary attention.
As you stated, it really is quite simple to avoid the scams.
Quoting Takisd
i bought a 10k bff account just to prove they are scam because Andy kept saying everything i say is bullshit and I only like ftmo and mff. Ultimately he is right about the FTMO and MFF, I only like them the rest give me heebie jeebies because its like walking on a knife where at some point your time will not be rewarded.
Exactly. You like MFF and FTMO because you know what the fuck you are doing. Nothing else. No other reason. It may appear biased, I got accused of the same shit. They are established, have good trading conditions, they are fair, and they never miss a payment. Simple.
I would add TFF, TFTP to the list as I am having good experience with both so far. I think E8 as well, although, no first hand experience as of yet.
Quoting pipmaster77
{quote} Exactly. You like MFF and FTMO because you know what the fuck you are doing. Nothing else. No other reason. It may appear biased, I got accused of the same shit. They are established, have good trading conditions, they are fair, and they never miss a payment. Simple. I would add TFF, TFTP to the list as I am having good experience with both so far. I think E8 as well, although, no first hand experience as of yet.

TFTP is one failed campaign away from struggle. TFF is kinda growing on me but there is a lot of noise about them not paying the big payouts. e8.. trading costs man.
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Capablanca
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