For me purple work as a magic some small issues with account metrix but nothing tragic 
- #1,461
- Apr 9, 2020 2:01pm Apr 9, 2020 2:01pm
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
For me purple work as a magic some small isues with journal but nothing tragic
I will give purple a go... Allmost made from 20 /150.. So I can have a "cheap challenge" and then I can find out myself if they are legit... Red on another thread to stay away from prop firms and also ftmo mentioned there.... That they widening spread to take you out.... I need to find that out...
- #1,463
- Apr 9, 2020 2:28pm Apr 9, 2020 2:28pm
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
{quote} When you got your first paycheck...
- #1,467
- Apr 9, 2020 3:25pm Apr 9, 2020 3:25pm
{quote} Please Thomas. Contact FTMO via their website about this issue. I know nothing about it and you seem knowledgeable about it. And can explain it to them better. Best via email.
the coder of the tool to calculate lot size is really a good guy and ok to change his code if ftmo explains what's exactly the problem and what he can do.
When i'll have an answer i'll keep you informed
Look at their demo and my real account difference, I'm still sitting on the minus, I did a demo account to check them, full pressure air doesn't even match the prices of the trading prices.according to their schedule I have to be 80% in profit not in loss, my indicators even react differently between this demo and my real account.as you see a long time ago I passed my position and I should have at least 1 profit )))
)))
- #1,470
- Apr 10, 2020 6:31pm Apr 10, 2020 6:31pm
{quote} I dont trust these prop firms anymore. My wife passed the challenge but failed verification the first day it start due to a slippage. A slippage on a demo? Remember you are not the only one that got the password to the account. At one time there was an app in MT4 where a broker can control price movements using an add on in MT4. They can create artificial spikes like these. I forgot the name of it. Just search it here.
and yes if i remember you can see on youtube features of this mt4 addon to chase stop of retail traders, a guy who created one of these add on was talking on a forum some years ago.
Having said that, there is no reason that add-on don't exist on other plateform for retail, so best thing is still to look after economic health number of the broker,
because some which seem ok like Dukascopy have in fact cash flow and statement of account of some little SMB
Don't forget if I'm not wrong they can't refuse legally to give you statement of account, if they do, you'll know at 99% it's a bucket shop
- #1,474
- Apr 11, 2020 10:00am Apr 11, 2020 10:00am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
- #1,475
- Apr 11, 2020 10:18am Apr 11, 2020 10:18am
- Joined Mar 2013 | Status: Trader | 6,512 Posts
{quote} Your wife did the challenge with ftmo or another website ? Because yes there are a lot of bucket shops in this business (i've seen that when i've listed all the correct ones), some were less reliable than HYIP ahahaha
- #1,479
- Edited 2:52pm Apr 11, 2020 1:54pm | Edited 2:52pm
- Joined Feb 2012 | Status: Trader | 3,925 Posts
{quote} I've sent an email, the coder of the tool to calculate lot size is really a good guy and ok to change his code if ftmo explains what's exactly the problem and what he can do. When i'll have an answer i'll keep you informed
- it is always wise to give benefit of the doubt but having looked into solving this code problem my guess is that the broker will not be able to offer a solution
- however, again, I can be wrong - its some time ago that this was addressed but that's the way I recall it
- code solution is possible but not offered due to family agreements || Note: we do not sell code or coding services.
The below links may offer insight and possible alternative solution in the interim
- point & pip value calculations require live exchange rates if not at parity (1) - live exchange rates can be plugged straight into GoogleSheets
- https://www.forexfactory.com/showthr...6#post12857916
- https://www.forexfactory.com/showthr...3#post12858133
As far as point or pip value in MQL4 is concerned it is very problematic - the below link illustrates the problem - if memory is correct, there is not an absolute 100% accurate solution in the discussion
https://www.mql5.com/en/forum/126450
The code posted to post #96
- will offer solution across all FX irrespective of deposit currency (with the exception of an odd brokers), but any non FX instrument will be inaccurate.
- any US non FX instrument reflecting correct pip/point value against USD deposit currency will be coincidental, DAX for instance will revert to indicate in EUR and not USD, and may reflect correct EUR value or not, depending on broker - but it will still not be reflected in deposit currency unless the deposit currency is EUR.
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