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The5ers - Trading & Growth Program

  • #101
  • Aug 27, 2020 2:58pm Aug 27, 2020 2:58pm
After being approved in the evaluation stage and becoming a Portfolio Manager Partner - Level 1 (Partner PM 1), will there be no more minimum profit target each month? If, for example, I earn only 1% profit in the month, will I be able to withdraw my share and continue in the program?
  • #102
  • Aug 27, 2020 3:35pm Aug 27, 2020 3:35pm
Quoting Nathan.Fx
After being approved in the evaluation stage and becoming a Portfolio Manager Partner - Level 1 (Partner PM 1), will there be no more minimum profit target each month? If, for example, I earn only 1% profit in the month, will I be able to withdraw my share and continue in the program?
This is not a question to ask. But of course there should be answer to it. Who would want to do what you say, if there're much much better opportunities to achieve. Just grow, sir, you will be paid every 10% target milestone. And continue doubling account.
  • #103
  • Aug 27, 2020 4:03pm Aug 27, 2020 4:03pm
Quoting fuadik88
{quote} This is not a question to ask. But of course there should be answer to it. Who would want to do what you say, if there're much much better opportunities to achieve. Just grow, sir, you will be paid every 10% target milestone. And continue doubling account.
I just gave an example. Nobody earns 10% every month. Especially with very restrictive rules regarding stop loss, drawdown and maximum lots. If doubling the bill were as easy as it looks like most people would be rich. His reasoning is typical of a beginner. Newbies are always trying to win as much as possible in the shortest time. But the truth is that greedy and impatient people always explode their accounts.
  • #104
  • Aug 27, 2020 4:22pm Aug 27, 2020 4:22pm
Quoting Nathan.Fx
{quote} I just gave an example. Nobody earns 10% every month. Especially with very restrictive rules regarding stop loss, drawdown and maximum lots. If doubling the bill were as easy as it looks like most people would be rich. His reasoning is typical of a beginner. Newbies are always trying to win as much as possible in the shortest time. But the truth is that greedy and impatient people always explode their accounts.
They don't ask you to make 10% every month. There's no time limitation or 6 months like in evaluation. You can grow safely. And sorry, it's not 10%, I have confused rules.
  • #105
  • Aug 27, 2020 6:10pm Aug 27, 2020 6:10pm
Quoting Nathan.Fx
After being approved in the evaluation stage and becoming a Portfolio Manager Partner - Level 1 (Partner PM 1), will there be no more minimum profit target each month? If, for example, I earn only 1% profit in the month, will I be able to withdraw my share and continue in the program?
I've just become a PM1, there are no profit targets and no minimum trades or trading days so my advice is trade small and wait for good setups.
  • #106
  • Aug 27, 2020 7:08pm Aug 27, 2020 7:08pm
Quoting Nathan.Fx
Apparently their funding program is better than FTMO and BluFX.
BluFX is the most restrictive of all the programs. Their funding is 3:1 buying power is worse than 5%ers. For 52k USD you'd only be able to open 0.3 lots TOTAL.

Quoting Nathan.Fx
However FTMO is much more popular than you.
I think majority of traders see 4% max risk compared to FTMO's 5% daily 10% total and go straight to FTMO. Truth be told though, doesn't matter if its 4%, 5%, or 10%, these traders are still hitting their max allowable DD's. That's why I don't think his 5:1 margin (max exposure) is the thing that makes traders say "i finally learned to control my risk".
The best strategy is a profitable one.
  • #107
  • Aug 27, 2020 7:55pm Aug 27, 2020 7:55pm
"Once you have reached your target, your profits earned during your Evaluation Program are paid at the next payment cycle."

100% of the profit?
So this is even better than a refund of the fee. Because the profit target is greater than the subscription fee.
  • #108
  • Aug 27, 2020 7:58pm Aug 27, 2020 7:58pm
I could be wrong, but I think it's always 50%.
Amor Fati--F. Nietzsche
  • #109
  • Aug 27, 2020 8:06pm Aug 27, 2020 8:06pm
Quoting doji
I could be wrong, but I think it's always 50%.
Are you doing the evaluation? Were you able to use the currency strength indicator? I also use one.
  • #110
  • Aug 27, 2020 10:26pm Aug 27, 2020 10:26pm
Yes, I am on the 24k plan. Have had to use very small lot sizing and scalp in order to observe DD limits.

Just decided to use the CS indi in my other account as a workaround (since I'm not at all tech-savvy).
Amor Fati--F. Nietzsche
  • #111
  • Aug 27, 2020 11:10pm Aug 27, 2020 11:10pm
Quoting doji
Yes, I am on the 24k plan. Have had to use very small lot sizing and scalp in order to observe DD limits. Just decided to use the CS indi in my other account as a workaround (since I'm not at all tech-savvy).

Try this:

Attached File(s)
File Type: ex4 CM_Strength_TF_V1.1.ex4   41 KB | 301 downloads
  • #112
  • Aug 28, 2020 12:37am Aug 28, 2020 12:37am
Thanks, Nathan. This works!
Amor Fati--F. Nietzsche
  • #113
  • Aug 28, 2020 2:08am Aug 28, 2020 2:08am
Quoting Nathan.Fx
"Once you have reached your target, your profits earned during your Evaluation Program are paid at the next payment cycle." 100% of the profit? So this is even better than a refund of the fee. Because the profit target is greater than the subscription fee.
Profit split is 50/50. You will always get 50% of your profit.
  • #114
  • Aug 28, 2020 5:05am Aug 28, 2020 5:05am
Quoting Nathan.Fx
After being approved in the evaluation stage and becoming a Portfolio Manager Partner - Level 1 (Partner PM 1), will there be no more minimum profit target each month? If, for example, I earn only 1% profit in the month, will I be able to withdraw my share and continue in the program?
Hello Nathan

Once you are a PM, there are no minimum requirements. Every end of the month you are being paid for the net profit made. There be no minimum or maximum thresholds. While you receive your half every month, you are not required to earn the payouts for your growth milestone. You simply get both at the same time.

So for example You are trading a 100K account, your goal is to make 10% within unlimited time. The first month your made 2K, you get paid your half which is 1K, and you have 8K left to earn before making the milestone. Next month you make 3K, you get paid, and you have 5K more to make it for the milestone.

The5ers is operating by a true fund logic. We pay our traders every month for their labor, and when you show consistency, we let you grow, because this is our mutual interest. Simple as that.
We are Forex traders - Come trade with us
  • #115
  • Aug 28, 2020 5:09am Aug 28, 2020 5:09am
Quoting Nathan.Fx
{quote} I just gave an example. Nobody earns 10% every month. Especially with very restrictive rules regarding stop loss, drawdown and maximum lots. If doubling the bill were as easy as it looks like most people would be rich. His reasoning is typical of a beginner. Newbies are always trying to win as much as possible in the shortest time. But the truth is that greedy and impatient people always explode their accounts.
Very True, Nathan

I must agree with you, this is why we have constructed our program to encourage responsible and realistic trading values. We never rush you to meet timely goals, we will never pressure for over-trading. Simple and methodical pips collecting is the secret to last in this business, and our program fully complies with this statement. Whoever is looking for an aggressive playground, there are way too many places to go.
We are Forex traders - Come trade with us
  • #116
  • Aug 28, 2020 5:10am Aug 28, 2020 5:10am
Quoting fuadik88
{quote} They don't ask you to make 10% every month. There's no time limitation or 6 months like in evaluation. You can grow safely. And sorry, it's not 10%, I have confused rules.
Well said.
We are Forex traders - Come trade with us
  • #117
  • Aug 28, 2020 5:11am Aug 28, 2020 5:11am
Quoting kheaver
{quote} I've just become a PM1, there are no profit targets and no minimum trades or trading days so my advice is trade small and wait for good setups.
Congrats! and warm welcome onboarding the trading team of The5ers.
We are Forex traders - Come trade with us
  • #118
  • Aug 28, 2020 5:21am Aug 28, 2020 5:21am
Quoting AnRan
{quote} Truth be told though, doesn't matter if its 4%, 5%, or 10%, these traders are still hitting their max allowable DD's. That's why I don't think his 5:1 margin (max exposure) is the thing that makes traders say "i finally learned to control my risk".
AnRan, I totally agree with you on the concept. It's not about how much dd allowance you get, people blow 100% dd in their private accounts every day. and 5:1 has not engraved on stone either. However, the balance of dd and leverage should be realistic. 5:1 makes sense for 4% dd allowance and for asking 10% target.

In my personal opinion, I am a savvy advocate for no leverage at all in forex trading. All my trades in the last years are 1:1 most. I know traders love to leverage, so we give up to 5, but it is truly not necessary.
We are Forex traders - Come trade with us
  • #119
  • Aug 28, 2020 5:22am Aug 28, 2020 5:22am
Quoting Nathan.Fx
"Once you have reached your target, your profits earned during your Evaluation Program are paid at the next payment cycle." 100% of the profit? So this is even better than a refund of the fee. Because the profit target is greater than the subscription fee.
Like Doji & faudik88 are saying.

It's 50%. Sorry to spoil the party.
We are Forex traders - Come trade with us
  • #120
  • Aug 29, 2020 5:36am Aug 29, 2020 5:36am
Quoting doji
Hi. Is my understanding correct that ALL indicators are allowed? If so, I'm wondering why the currency strength indi (the Giraia version, in particular) is not working on the platform. Can you tell me how I can remedy this since it's one of my favorite tools? Thanks!
Try this Giraia version, modded to be used with suffix.

LuXing
Attached File(s)
File Type: ex4 Currency Strength - Giraia suffix.ex4   21 KB | 357 downloads
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