The5ers - Trading & Growth Program

Build Your Career Path As a Proprietary Trader

Somewhere in the mid-70s to early 80s, a new type of trading emerged. During this period, many individual traders couldn’t get enough funding or liquidity in order to trade high volumes on their own.
In response to the demand of traders, US companies began renting some of their floor space to skillful traders, effectively making them part of the trading division within the firm.
The arrangement was a resounding success. The traders would invest a portion of the trading portfolio and the fund would give the trader more and more capital as long as the trader continued to show potential and skill.

Today any Forex trader who wants to increase profit potential could get funds from a proprietary firm.
The trader will have to pass an evaluation to show his or her abilities, each company has its own requirement and its conditions for test success.
Whether you are a full-time or part-time trader, the prop firms give you the opportunity to make a living from trading Forex. Some firms even have a growth program in which if a trader meets certain conditions, he or she will double the fund or even triple it. Here you can see The5ers growth program.

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Forex Trading Room August 13, 2020

Here's today's recording Forex Trading Room Session.

In today's trading room session, we were looking for 15 pips scalps. Just before NY open bell, we found two opportunities, one was set with a pending limit order and missed, the other EURUSD was taken with an instant market order that ended with a fast 15 pips win.

High 5!

After struggling for two years in trading, I hadn’t managed to find a solid trading concept that made sense to me or forex money management strategy that helped me. It wasn’t because of a lack of effort or research on my part because I did everything in my power, whether it was taking classes to learn everything about trading that I could, but even with all that effort, I was still struggling for consistency.

That is when I became obsessed with finding the right signal strategy for trading and concentrated all my efforts into finding the truth. Everything changed when I found a trader, who opened my eyes and mind to the world of trading and gave me a new lease of life. There are a lot of people who find trading complex and boring, but if you take the time to learn it, you will find that it is quite interesting.

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Face it, things rarely ever go according to plan. This truth is even more so in the world of trading. If you refuse to accept this reality and if you don’t work tirelessly on a solid trading plan with an effective action plan that covers as many possibilities as you might run into while trading, you are not going to survive as a trader.

A big part of that survival comes from planning and crafting a well thought out and extensive risk management strategy. When you trade, it’s imperative that you know what risks you’re willing to take and how you will manage if something goes wrong along the way. Risk management strategies help you identify and tackle outcomes that might otherwise have caused catastrophic damage to your account.

Why is Risk Management So Important?

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Forex Trading Room August 17, 2020

Here's today's recording Forex Trading Room Session.

In today's trading room session, We follow the sell position on USDJPY which suggested a few days ago in our trading room, I’ll explain exactly the reason for this sell position and show it on the higher time frames charts, and I’ll show how I managed and still manage the position in the lower time frames (M15).
We also look for intraday opportunities and will trade them if we will find some clear opportunities.

High 5!

THE SCALPING SERIES - Free Webinar

Hi there

You are invited to a Zoom webinar.

Fourth session: Price Action Toolset For Day Traders: The only Price Action Confirmation Chart Pattern

Today, 11:00AM EDT

Register in advance for this webinar

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Forex Trading Room August 19, 2020

Here's today's recording Forex Trading Room Session.

On Wednesday trading room we were scanning for 15 pips scalps. We bought two positions CADJPY and AUDJPY and sold the cable (GBPUSD) for a 15 pips winner.

CADJPY made the 15 straight pips in the pot

Attached Image (click to enlarge)

High 5!

Successful Forex trader: Backtesting indicators until you find the right one that truly works for you. Leonardo is now one of The5ers funded traders

I risk 0.5% for every trade and I copied all the trade I take in my main account, That's was Leonardo strategy for passing The 5%ers’ Evaluation
Leonardo.M, 23 years old, Italy.

For the full interview

Hello. Is profit share always 50%?

Hey @fuadik88

Yes, the Profit share is a constant 50%. Our consistent traders being rewarded by our aggressive growth plan, which gives you double the funds to manage for every milestone you hit. When it comes to profit payouts, look at the actual money profit potential, rather the percentage, and you will immediately notice which program offers the best payout potential.

Rules are not clear on the website. How does the doubling of funds work? what are the exact criteria for it to happen? Is it recurring or just one time?
Thanks.

Hey @tradista

Hello. You are asking two questions if I understand correctly. Regarding our growth scheme, it is plain simple as every time you accomplish 10% net gain profits, we will simply give you twice the account size. For example, if you are trading a 40,000 dollars account, and you have made Annette's profit of $4,000, that is 10% gain, we will hand you $80,000 trading accounts instantly. There is no time limit to accomplish the 10% milestone goal. And any profit payouts you were receiving at the period time it takes you to accomplish that goal are not being deducted from your progression.

As for your second question regarding the payment fee The payment is once off. It is not reoccurring it is not subscription it's one time fee. There are no hidden fees there are no penalties this is the most you would be asked for from your side. Next time we will talk about payments, it will be us paying you not the other way around.

I hope this brings more clarity regarding your questions.

The5ers growth program

What brokers do you offer? Scaling plan looks weird that you instantly doubling accounts, I'm interested.

Hey @fuadik88

The5ers is not offering any broker. The5ers is a private fund inviting talented traders to trade with us on our common pool account. Technically speaking the poor account is connected to various liquidity providers, which are considered to be suppliers of the fund. At the fund, we trade with low trading costs in terms of spreading commission and professional standards data feed.

Since you are trading the funds capital, and while a trader performs consistent good results, it is the fund's interest to scale a trader with more capital and buying power. The fund has enough capital resources to do so and to reward traders that are capable of creating value for the fund and for themselves.

I like it that the thread owner from the firm is active on this forum. Subscribing to your thread and looking forward to sign up sometime in the future.
Best of luck!

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Edit:
My conclusion after researching, please let me know if I misunderstood any point.

1. Based on https://the5ers.com/trading-career/p...ms-conditions/. The relative drawdown is like a trailing stop. For example, for the 52k Low Risk funded account Evaluation.
a. Initial Balance $13k
b. Milestone Target $910
c. Relative Drawdown $520
If I'm already at 900 profit = $13.9k. My maximum drawdown is $13.9k - $520 = 13,380. If I failed, do I still keep my profits?

2. Relative drawdown is too small at 4% of the initial balance. The target milestone is at 10% after evaluation. Traders need to have high win rate and probably high R:R to scale up safely -> mind the relative drawdown as it references your maximum balance - meaning it only includes your realized profit/loss.

3. This is more even insane for extended drawdown, the Milestone target is at 25% !!!!! and relative drawdown is at 8%. Imagine hitting 20% then experiencing drawdown of more than 8%, you get kicked out of the program even with still 10%+ of profit?!?!?!?!

4. Holding exposure is restricting traders to open positions - I guess this is expected due to low risk and for traders to avoid hitting the relative drawdown.

5. 6 month time limit for evaluation and no time limit for funded account? Wow.

6. Scaling plan is pretty straight forward, if you can earn 5% a month, then that means you can double your account every 2 months which is extremely fast in my opinion.

Summary:
1. I guess the program is more favorable for 4h/Daily Swing/Position Traders.
2. If you have a day job, this program is for you, you can set your trades maybe once or twice a day, keep it running even on a weekend, just be careful of the weekend gaps.
3. Extremely favorable for Trend Following Traders because they usually have great R:R and they are extremely patient so the scaling program suits them well.
4. Not okay for people who trades for a living. Not unless you have started long ago and have scaled up - then of course you can day trade using that juicy 1m funded account.

I will probably give this a try soon when I learn how to trade using trend following strategies and trading on a daily chart. Good luck!

Hello Slappymove

Thank you for your questions.

Behind the scene, The5ers is an actual trading fund. The whole purpose of our program is to recruit skillful traders to trade for the fund. This is what might distinguish us from most programs or from trading your own capital. As a pro trader being equipped with the fund's capital you will be expected to protect the funds as well as the profits you were making. If not the whole purpose for trading has no business logic. This is why we have adopted the relative dd model, which is the standard qualification at any trading funds.

There is also an advantage of being stopped at profit. Because you will be paid for the remaining profits. It also contributes to good trading habits. We receive a lot of feedback telling us, the relative dd had made them more disciplined and consistent, by being less tolerating for trading-plan and risk management deviation.



We get the 4% DD misconception a lot. So thank you for raising this objective. First, you have to remember % is just a proportion statement. For example, allowing you $400 DD from a 10K account is 4%, how about we let a dd allowance of $400 from 4K account? Same $400, but now 10%. We prefer giving our traders a 10K account and encourage them for a low-risk behavior mentality. As we believe this what makes a constituent and sufficient traders for the long run.

We are aware immature forex traders prefer to step-on-the-pedal hard. We try to educate otherwise, for being responsible, patient by trading with realistic goals, that allow enough margin for error and recovery.


We offer 8% DD plans, for traders who seek wider workspace. As fund hiring traders, we look at how much is put to risk versus the possible outcome. The more we allow to risk the higher we expect to receive. It is as simple as that. I highly recommend you would use similar model when you are trading your own capital.

Like everything in life, there are always limitations. With your broker, you are stopped out after losing all your deposit money, with The5ers we will stop you before you make more damage to your own hard-worked profits. We think it is a good practice, that keeps traders from sever self-sabotaging (that we see most often)> that for itself will keep you away from being very frustrated.

And don't forget, when you are being stopped with profits, you get your share on it guaranteed.


Exposure restriction is important part of our risk management agenda. We expect every trader consider himself at a pro-level to trade with some risk guidelines.
Restricting Exposure applies only to trades at risk. meaning trades that their stop loss value is set at loss value. Once you have to opportunity to shift stop loss beyond breakeven, you get this exposure released and you can add more trades while holding your win runners. With that, you can use the full 1:100 leverage of our accounts. This is a great feature for swing/position traders.

As said before, The5ers preach for low risk, wise and responsible trading mentality. We do not believe that fast gains can last in the long run. Therefore we never push traders to overtrade to meet unrealistic goals.

I hope this brings better clarity to the topics you have raised.

Gil

Thanks a lot for the detailed reply! If a trader violated a certain rule when already funded + already scaled up, does that mean the trader will start from evaluation again and all the funds will start from level 1?

And also what's starting leverage you provide?

The Leverage of the accounts is usually set to 1:100 unless requested by the trader to be set lower.
Do mind, Leverage is not Exposure. Exposure is the program's definition for trades with a stop at loss level. Once you rig that risk with shooting SL beyond break-even rate, you have released more usable exposure to trade with.

We usually send notifications on email before we take any action. As we know sometimes violation can happen by innocence. However, if violations continue and put the fund at risk, we may disqualify the account. However, we always attempt to communicate first. So nothing will come by surprise. That applies for evaluation and for PM traders with no difference.

Once a trader becomes a PM, he always has the opportunity to rejoin with PM terms at any level of choice. It has a commitment cost for the trader, which is being discussed confidentially. Therefor a PM isn't required to restart from the very bottom and has many more rejoining options.