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The5ers - Trading & Growth Program

  • #121
  • Aug 30, 2020 11:54am Aug 30, 2020 11:54am
How Can Risk Allocation Help Us to Maximize our Profits in Forex

Risk Allocation is a Very Important Part in Your Risk Management
Risk allocation is one of the subjects that not many people or educators talk about.
At least, they don’t talk about it in dept.
Risk allocation is a very important “tool” in your risk management toolbox and can increase your profits while reducing your drawdowns if used correctly. And this all, without even adjusting the trading strategy you use.

So, what is risk allocation?
It is how much risk you allocate to a certain trade or idea.
Most people just take a trade, risk 2% and that’s it.
But why?
Why risk 2% on that trade? They usually do this because that is what they have been told.

Read more
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  • #122
  • Edited 10:39pm Aug 30, 2020 10:05pm | Edited 10:39pm
I have three questions for the OP.

1. Is the max exposure actually 5:1 margin, or do you have it set as as the number 0.65. I ask because a standard lot 0.65 isn't the same as me opening 0.65 on AUDNZD when my pip value is something like $6.50, not $10. AUDNZD 0.65 lots is actually more like 0.42 standard. So margin vs. set digit would be important.

2. Similar to 1, does the exposure go up as my balance goes up. For example, if the max exposure on 52k is 2.65, and now my balance is 55k, is my new max exposure 2.81 appropriately.

3. You mentioned that if the stop is brought in to break even that it reopens the margin. Does that happen automatically or does the trader need to apply to some back office and say "hey!, Open up the margin!". What happens if that trader were to move that stop afterwards? Or do you control their account and that open trade at that point?

-AR
The best strategy is a profitable one.
  • #123
  • Aug 30, 2020 10:54pm Aug 30, 2020 10:54pm
I want to know if the trader opens a position and forgets to place the stop loss, if this is a rule violation.

And whether the trader is required to set the stop loss at the same time that he opens the position or whether the trader can set the stop loss a few seconds or minutes or hours after opening the position.
  • #124
  • Aug 31, 2020 3:53am Aug 31, 2020 3:53am
Quoting AnRan
I have three questions for the OP. 1. Is the max exposure actually 5:1 margin, or do you have it set as as the number 0.65. I ask because a standard lot 0.65 isn't the same as me opening 0.65 on AUDNZD when my pip value is something like $6.50, not $10. AUDNZD 0.65 lots is actually more like 0.42 standard. So margin vs. set digit would be important.
Hello Again AnRan

We have simplified the exposure into a simple value. Yes, the market value varies depending on the currencies involved, but we wanted to give a hassle-free guideline - easy to follow. The exposure value remains the same for each stage you are in. It only changes once you being scaled up. Having the milestone targets low, there is less significant in the lot size you could have increased. Again, this is done to avoid misinterpretations and simple to follow objective.

Quoting AnRan
2. does the exposure go up as my balance goes up. For example, if the max exposure on 52k is 2.65, and now my balance is 55k, is my new max exposure 2.81 appropriately.
Same as above. the exposure allowance remains similar through the complete level, it changes once after you are being scaled up.

Quoting AnRan
3. You mentioned that if the stop is brought in to break even that it reopens the margin. Does that happen automatically or does the trader need to apply to some back office and say "hey!, Open up the margin!". What happens if that trader were to move that stop afterward? Or do you control their account and that open trade at that point? -AR
It happens automatically. Once you shift your SL beyond break-even, you are instantly free to extend your exposure.
We are Forex traders - Come trade with us
  • #125
  • Aug 31, 2020 3:55am Aug 31, 2020 3:55am
Quoting Nathan.Fx
I want to know if the trader opens a position and forgets to place the stop loss, if this is a rule violation. And whether the trader is required to set the stop loss at the same time that he opens the position or whether the trader can set the stop loss a few seconds or minutes or hours after opening the position.
Hello Nathan

Every trade must contain a stoploss. We let up to 2 minutes to set one properly. Failing to set a proper SL will register a risk violation.
We are Forex traders - Come trade with us
  • #126
  • Aug 31, 2020 4:22am Aug 31, 2020 4:22am
Quoting The5ersTF
{quote} Hello Nathan Every trade must contain a stoploss. We let up to 2 minutes to set one properly. Failing to set a proper SL will register a risk violation.
Isn't 2 minutes too short?

I asked this question before and was told by Chat Support that one is given 5 minutes at most to input a Stop Loss.
Amor Fati--F. Nietzsche
  • #127
  • Aug 31, 2020 4:39am Aug 31, 2020 4:39am
Quoting doji
{quote} Isn't 2 minutes too short? I asked this question before and was told by Chat Support that one is given 5 minutes at most to input a Stop Loss.
Two minutes is plenty of time to set SL. Cannot think why it should take more. BUt for the benefit of the doubt, we say 2 minutes.
You can always set a far fetch SL at the maximum SL level, immediately, then refine it at your own time.
We are Forex traders - Come trade with us
  • #128
  • Aug 31, 2020 4:47am Aug 31, 2020 4:47am
Quoting doji
{quote} Isn't 2 minutes too short? I asked this question before and was told by Chat Support that one is given 5 minutes at most to input a Stop Loss.
Sir, don't you use stop-loss to define your lot size? Risk calculation? Normally, stop loss is set before you confirm trade.
  • #129
  • Aug 31, 2020 5:08am Aug 31, 2020 5:08am
Quoting fuadik88
{quote} Sir, don't you use stop-loss to define your lot size? Risk calculation? Normally, stop loss is set before you confirm trade.
I scalp using market ( not limit) orders.

My lot-size is tiny; learned my lesson from failing my first evaluation.

Anyway, just had to clarify if increasing the window for setting SL's by a few more minutes can be accommodated.
Amor Fati--F. Nietzsche
  • #130
  • Aug 31, 2020 6:35am Aug 31, 2020 6:35am
Quoting doji
{quote} I scalp using market ( not limit) orders. My lot-size is tiny; learned my lesson from failing my first evaluation. Anyway, just had to clarify if increasing the window for setting SL's by a few more minutes can be accommodated.
This little 1-click order entry and management EA will take care of setting TP/SL, position size, etc. etc.
You can pre-define position size / risk % (based on account size and stoploss in points), enter at market, enter at the next 50/100 price level, use breakeven, trailstop, etc. etc.
Should work with prefix/suffix.

LuXing
Attached File(s)
File Type: ex4 EsikeTrader Luxmod.ex4   22 KB | 329 downloads
File Type: mq4 EsikeTrader Luxmod.mq4   50 KB | 366 downloads
Wisdom begins in wonder
  • #131
  • Aug 31, 2020 9:17am Aug 31, 2020 9:17am
Quoting The5ersTF
{quote} Every trade must contain a stoploss. We let up to 2 minutes to set one properly. Failing to set a proper SL will register a risk violation.

This made me very worried and disappointed. I did not see this rule on your terms and conditions page and anywhere else on your site. One could easily violate this rule. I wonder how many hidden rules there can be. It is unfair to be penalized for hidden rules, not mentioned, which are not in the terms and conditions.


Quoting doji
{quote} Isn't 2 minutes too short? I asked this question before and was told by Chat Support that one is given 5 minutes at most to input a Stop Loss.

When there are hidden rules (traps) this is what happens. Confusion. Each says a different thing.
It is unacceptable that all rules are not clearly detailed in the terms and conditions. Hidden or scattered across the various pages of the site.
  • #132
  • Aug 31, 2020 10:41am Aug 31, 2020 10:41am
Quote
This made me very worried and disappointed. I did not see this rule on your terms and conditions page and anywhere else on your site. One could easily violate this rule. I wonder how many hidden rules there can be. It is unfair to be penalized for hidden rules, not mentioned, which are not in the terms and conditions.

Nathan

Placing a SL is not a hidden rule. It is mentioned everywhere very clearly. And while it is a risk violation, where did you get the idea we penalize for this, and what is the penalization? If you happen to violate the SL objective we simply send you a friendly email so you take care of that asap.

In most trading methodologies SL is a core risk ingredient. This is very basic to any trader, and we mention this endless times.

Our terms & conditions discuss stop-loss with definition and number examples, I have no idea why you have missed it.
go to https://the5ers.com/trading-career/p...ms-conditions/
and scroll to RISK REQUIREMENTS section
Attached Image (click to enlarge)
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On the signup summary page - just before you sign up:
https://the5ers.com/plan/qualify-for...unded-account/
Attached Image (click to enlarge)
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And just before you submit your application, you must agree to the SL terms.
Attached Image (click to enlarge)
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There are no hidden rules. Period. Moreover, we give plenty of information, with examples, so there will be not a event a spark for the benefit of a doubt.
We are Forex traders - Come trade with us
  • #133
  • Aug 31, 2020 11:05am Aug 31, 2020 11:05am
"Up to 2 minutes to place the stop loss." This is not mentioned in the terms and conditions.
What are the consequences of setting the stop loss after this 2 minute time? It is a risk violation, but is there no penalty for that?

I know the importance of the stop loss. The fact of asking if it is mandatory and if there is a deadline to define it does not mean that I do not use stop loss.

Another question, after setting the stop loss can I change it?
  • #134
  • Aug 31, 2020 11:59am Aug 31, 2020 11:59am
The terms and conditions specify a stop loss is mandatory. That means you must place a stop loss at the time you execute the trade. However, to give you enough space we don't register anything up to 2 minutes. In other words you can look at those two minutes as an unofficial safety time buffer. This is why it is not in the terms and conditions.

Of course you can move and trail your stop loss. This is part of managing your trade, therefore it is obvious you can. However, do not exceed the maximum 1.5% risk allowance. As long as you are within this boundary, you are free to operate your stop as you wish.
We are Forex traders - Come trade with us
  • #135
  • Aug 31, 2020 12:21pm Aug 31, 2020 12:21pm
Ok. Thanks for responding so quickly. I will continue to study your rules.

Can payment of the registration fee be made by bitcoin, skrill?
Can withdrawals of profits be made by bitcoin, skrill?

You offer 6 evaluation plans. If approved in one of the plans, is it allowed at any time to change plan through a new evaluation?
  • #136
  • Edited Sep 1, 2020 12:41am Aug 31, 2020 1:43pm | Edited Sep 1, 2020 12:41am
Forex Trading Room August 31, 2020

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

Inside Today's Forex Trading Room Session we manage to open 3 positions that work great and had made nice profits.

Enjoy!
We are Forex traders - Come trade with us
  • #137
  • Aug 31, 2020 7:22pm Aug 31, 2020 7:22pm
Quoting The5ersTF
{quote} We have simplified the exposure into a simple value. Yes, the market value varies depending on the currencies involved, but we wanted to give a hassle-free guideline - easy to follow. The exposure value remains the same for each stage you are in. It only changes once you being scaled up.
Gil, why you doing this to me Gil!

Quoting The5ersTF
{quote}Same as above. the exposure allowance remains similar through the complete level.
So quick follow up. In MT4, since its a set value and not 5:1, even though someone may open 0.65, there isn't a possibility that free margin goes negative or that it closes due to margin reaching zero. It's actually margin 100:1 but the defined exposure is numerically set in mt4 admin, correct?

Quoting The5ersTF
{quote} It happens automatically. Once you shift your SL beyond break-even, you are instantly free to extend your exposure.
I don't know who wrote this piece of software, but well done.

Quoting The5ersTF
{quote} And while it is a risk violation, where did you get the idea we penalize for this, and what is the penalization? If you happen to violate the SL objective we simply send you a friendly email so you take care of that asap. In most trading methodologies SL is a core risk ingredient.
More and more it shows that 5%ers has a group/team mentality, not the "gotcha" mentality of what I see in most of these prop firms trying to collect more and more evaluation fees, including from traders that have already passed it. I can see how Nathan thought a single violation meant penalization, its all everyone sees with these other prop firms. It's a huge plus to what distinguishes 5%ers from the rest.
The best strategy is a profitable one.
  • #138
  • Sep 1, 2020 4:13am Sep 1, 2020 4:13am
Quoting Nathan.Fx
Ok. Thanks for responding so quickly. I will continue to study your rules. Can payment of the registration fee be made by bitcoin, skrill? Can withdrawals of profits be made by bitcoin, skrill? You offer 6 evaluation plans. If approved in one of the plans, is it allowed at any time to change plan through a new evaluation?
Hello Nathan

We payout the same method you have used for enrollment. Skrill is an option, but require some instructions as it is not fully connected to the website workflow. If you are interested to go with Skrill, do contact our support for further instructions.
We are Forex traders - Come trade with us
  • #139
  • Sep 1, 2020 4:22am Sep 1, 2020 4:22am
Quoting AnRan
{quote} Gil, why you doing this to me Gil! {quote} So quick follow up. In MT4, since its a set value and not 5:1, even though someone may open 0.65, there isn't a possibility that free margin goes negative or that it closes due to margin reaching zero. It's actually margin 100:1 but the defined exposure is numerically set in mt4 admin, correct? {quote} I don't know who wrote this piece of software, but well done. {quote} More and more it shows that 5%ers has a group/team mentality, not the "gotcha" mentality of what I see in most of these...
Dear AnRan

Thank you for your kind words. Our approach is to provide traders professional trading-workspace, we will never sugar-coat elements in our program for the sake of being more popular.

At the end of the day, we believe only solid risk management is the way to succeed. We go by this agenda regardless of what most people wish to hear. Whoever thinks it is the right way to trade, is most welcome and will be benefitted with The5ers winning edge.

High 5

Gil
We are Forex traders - Come trade with us
  • #140
  • Sep 1, 2020 4:34am Sep 1, 2020 4:34am
Why is the max exposure set in lots and not in percentage of the account balance? Technically, a trade can have a smaller SL and allow for a larger lot size while still being well within the 1.5% risk limit.
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