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The5ers - Trading & Growth Program

  • #161
  • Sep 1, 2020 4:23pm Sep 1, 2020 4:23pm
It isn't rare, it's exactly what I said in my first reply to them. Max 4% total risk, plus max 1.5% risk per trade, plus max 0.65 exposure. The issue is the max exposure is so tight it doesn't correspond to the 4% or 1.5%.

I get their perspective, focus on risk first, but opportunity cost is also a risk. Success rate gets equally skewed. And I understand exposure, but even 10:1 correlates more to 1.5% and 4% prospectively than 5:1 does. I'm not saying open the full 100:1, but do they want a variety of successful strategies or just the one type that fits their view. For me, I'm not going down to 0.25% risk per trade, at that point I can make more money at 300k USD with a different prop firm than I would with their entire 1.28 million. And the whole thing stems from the exposure, not the 4% max risk. It's a running theme at this point.
The best strategy is a profitable one.
  • #162
  • Sep 1, 2020 4:31pm Sep 1, 2020 4:31pm
Quoting AnRan
I'm not going down to 0.25% risk per trade, at that point I can make more money at 300k USD with a different prop firm than I would with their entire 1.28 million. And the whole thing stems from the exposure, not the 4% max risk
Well said, that's totally my point!
  • #163
  • Sep 1, 2020 4:37pm Sep 1, 2020 4:37pm
They're not going to change their rules, work with them if you want
  • #164
  • Sep 1, 2020 4:54pm Sep 1, 2020 4:54pm
Quoting fuadik88
They're not going to change their rules, work with them if you want
That is probably what people said about FTMO but they got rid of their ridiculous rule of 50% positive days and reduced news trading from +/- 5 minutes to +/- 2 minutes.

The benefit that 5%ers has is you can tell, 100% they are also traders, so they understand other people's perspectives. It's obvious when talking to people at FTMO that they are people who had access to capital but don't understand shit about trading.
The best strategy is a profitable one.
  • #165
  • Sep 1, 2020 5:00pm Sep 1, 2020 5:00pm
Quoting fuadik88
They're not going to change their rules, work with them if you want

It seems that your only role on that topic is to be a sycophant.
  • #166
  • Sep 2, 2020 1:10am Sep 2, 2020 1:10am
Guys, allow me to rephrase. It isn't rare for having a fix percentage risk per trade which generates different lot size.
I have used this method myself for many years.

What I was meaning when said rare case, was in regard to the objectives of the program. I was given an example of a 1% risk. which in the5ers guidelines is 4 trades strike? It is rare to meet and comply with such high accuracy at less than 10 pips risk-taking.

I am not doubting anyone abilities. But I bet some would agree with me that 80% accuracy with tight SL < 10pips is exceptionally rare.

When we advise traders on how to use our guidelines, we always suggest you leave a margin for error, based on your recent statistics.
I'd be more comfortable splitting the overall risk to 8 trades or more. Especially when it comes to tight SL techniques. I say this only based of seeing and escorting thousands of trades over the years.

The numbers brought by LuXing are very reasonable. 0.25% risk is perfect, which requires 0.26 Lot size per trade. Yet our program has some limits. But guys, lets be honest, if the limits were a bit higher, wouldn't these be challenged as well? Limits must be placed at a certain level.

And while we so limit exposure (which can be extended with trailing stops) we do compensate this by giving low targets with a high growth rate.
With LuXing case, eliminating one concurrent trade will be the only compromise to trade within The5ers boundaries. If you have the accuracy, you'll be qualified with a minimum of extra effort.
We are Forex traders - Come trade with us
  • #167
  • Edited 1:52am Sep 2, 2020 1:18am | Edited 1:52am
Quoting Trader-IT
{quote} Hello. Sorry, I use a translator for English. Registered today. I will take the challenge calmly (which is with me and not with The5% or other traders). I only did a 0.01 test run closed with a micro gain, but it was just a test. From tomorrow I will be 100% operational. For the moment (a few hours) I find some very favorable points: 0) Registered early in the European morning. Got account and data in under an hour. Great. 1) I was amazed at the connection speed with the server I am connected to. Less than half of other accounts I have,...

First, let me welcome you for joining onboard.
I am happy you feel comfortable with the platform and the trading conditions.

As for the password issue, please contact [email protected], specify your account number and we will fix this right aways.
You can also try changing your trading account password in your dashboard on the website.
We are Forex traders - Come trade with us
  • #168
  • Sep 2, 2020 1:53am Sep 2, 2020 1:53am
Quoting Nathan.Fx
{quote} It seems that your only role on that topic is to be a sycophant.
Why you say that You can pass evaluation in less than 2 month without hassle using 0.5% risk.
  • #169
  • Sep 2, 2020 2:01am Sep 2, 2020 2:01am
Quoting Nathan.Fx
{quote} It seems that your only role on that topic is to be a sycophant.
Dear Nathan.

I truly appreciate your contribution to this thread, so please take my word in the most friendly manner.
I'd love that this thread's discussion remains under professional values and not judgmental as possible definitely not personal.
The only time I greet personal remarks is when it is a positive one

Gil
We are Forex traders - Come trade with us
  • #170
  • Sep 2, 2020 7:28am Sep 2, 2020 7:28am
Can you answer that?


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?

Example:
I choose the low risk qualification program for a 40k account.
I can pass. But after a few weeks or months I want to switch to another account size and/or drawdown size.
So I can do a new evaluation process, by paying the fee obviously. Is there a problem with that?
  • #171
  • Sep 2, 2020 11:03am Sep 2, 2020 11:03am
Hello Nathan

We allow trading on multiple evaluations, as long the accounts are not coordinated or duplicated in any way.
As long as each account demonstrates a different activity, you're good and so we are.
We are Forex traders - Come trade with us
  • #172
  • Sep 2, 2020 11:48am Sep 2, 2020 11:48am
Quoting The5ersTF
Hello Nathan We allow trading on multiple evaluations, as long the accounts are not coordinated or duplicated in any way. As long as each account demonstrates a different activity, you're good and so we are.
Can't we trade same positions on different accounts at the same time?
  • #173
  • Edited Sep 3, 2020 1:25am Sep 2, 2020 12:39pm | Edited Sep 3, 2020 1:25am
Forex Trading Room September 2nd, 2020

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

Inside Today’s Forex Trading Room Session: In less than a single hour work, we had thee 15 pips scalps. Just before the NY bell, we got triggered with an NZDUSD sell limit which has not worked well at the beginning. A higher Sell Limit was triggered soon after with a zero drawdown precision. Both traders were ended with a profit. The third trade was executed and exited manually at low loss. This session ends with 2 winners one loss and a total of net 10 green pips.

Enjoy!
We are Forex traders - Come trade with us
  • #174
  • Sep 3, 2020 1:08am Sep 3, 2020 1:08am
Quoting fuadik88
{quote} Can't we trade same positions on different accounts at the same time?
Hey Faudik

The idea for the program is to locate good traders. There is only one account needed for that. The Evaluation is designed in a way where you receive a limited live account to showcase your strategy. Once it qualifies you to be funded with the full capital. So the idea to multiply evaluation accounts for the same strategy isn't needed.

For more capital, simply trade successfully, and double your account at milestones. This is simply less risk and cost for you.

Why we do allow multiple evaluations? A secret to be told, at first we didn't let this at all. But traders demanded this asking to demonstrate different strategies at once. This way, we definitely welcome, so we decide to allow this under these guidelines.
We are Forex traders - Come trade with us
  • #175
  • Sep 3, 2020 6:38am Sep 3, 2020 6:38am
How I Got Funded With The5ers! – The5ers review

Alexander is now one of our funded traders and is trading with a 52K forex funded account on our platform.
His next mission is to reach 10% of profit and double his funds to 104K.

For the full interview

Watch the video
We are Forex traders - Come trade with us
  • #176
  • Edited 8:21am Sep 3, 2020 6:45am | Edited 8:21am
Found this interview on YT of Gil Ben Hur, the 5ers founder:
Inserted Video


It's always reassuring to see a human face and the people behind the company showing up, it tells a lot about the solidity of the project and definitely builds trust.
I'm placing it here because I think it clarifies a lot of the questions I was having and will certainly help everyone in this thread.
Now I got it just need to adjust my risk parameters and I will certainly be applying soon.
  • #177
  • Sep 3, 2020 8:17am Sep 3, 2020 8:17am
Not sure if it was asked before, is fully automated trading permited ? i.e. can I use my EAs to trade the qualification and later the funded account ?
  • #178
  • Sep 3, 2020 8:22am Sep 3, 2020 8:22am
Quoting tradista
Not sure if it was asked before, is fully automated trading permited ? i.e. can I use my EAs to trade the qualification and later the funded account ?
Yes you can use EA and any strategy.


https://the5ers.com/faqs/
https://the5ers.com/trading-career/p...ms-conditions/
  • #179
  • Sep 3, 2020 8:38am Sep 3, 2020 8:38am
Quoting Nathan.Fx
{quote} Yes you can use EA and any strategy. https://the5ers.com/faqs/ https://the5ers.com/trading-career/p...ms-conditions/
Cool.
thanks Nathan
  • #180
  • Edited 9:16pm Sep 3, 2020 4:23pm | Edited 9:16pm
Quoting The5ersTF
We allow trading on multiple evaluations, as long the accounts are not coordinated or duplicated in any way. As long as each account demonstrates a different activity, you're good and so we are.

Quoting The5ersTF
The idea for the program is to locate good traders. There is only one account needed for that. The Evaluation is designed in a way where you receive a limited live account to showcase your strategy. Once it qualifies you to be funded with the full capital. So the idea to multiply evaluation accounts for the same strategy isn't needed. For more capital, simply trade successfully, and double your account at milestones. This is simply less risk and cost for you. Why we do allow multiple evaluations? A secret to be told, at first we didn't let this...

I don't think you understand the reason for my question.

I don't intend to do multiple evaluation at the same time. Why would anyone do this if it is only possible to have an account once approved? This is definitely not what I'm talking about.


The fact is that you offer 6 evaluation plans and two careers (or two growth programs).

  1. 3 low risk plans: Target 6%/7% and DD 4%, initial balance from 24k to 52k, Growth program up to 1,280,000
  2. 3 extended drawdown plans: Target 14% and DD 8%, initial balance from 21k to 45k, Growth program up to 1,440,000


There are different reasons why someone might want to take another evaluation, even though it has already passed and is a partner portfolio manager.

Example 1:
"John" did not have a lot of money or wanted to risk as little as possible and chose to do the evaluation for a 24k account that has the most affordable fee.
He passed the evaluation and became a partner portfolio manager.
Now he needs to earn 10% to go to a 48k account. However, it would be better to pay for a new evaluation for a 52k account where he would only need to make 7%.

Example 2:
You have a partner portfolio manager managing a low risk 40k account. But he is not happy with the drawdown limit of just 4%. So he wants to switch to an extended drawdown account.

Example 3:
The manager in example 2 who switched to an extended drawndown plan, regretted the change, he did not like the 25% goal to double the account and wants to re-manage a low risk account.

I think it would be important to have a policy on this, as you offer 2 career plans.

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