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Quoting Mtinifx
Wow we really need to keep this thread peaceful! Guys lets just keep this thread positive. I've had my problems with Myff but I am hanging in there - lets see when my first payout date comes!
Thanks bro. That guy is definitely smoking something. He insists I'm an aggressive trader claiming I'd blow up an account. Well he wish

I said be aggressive, after 3 months, don't rush it till someone gets a live account. I said this because there are others aggressive from the start. To be an aggressive, is up to the trader and his confidence with his trading. As long as he/she stays within parameters of the rule. As for myself, I stay within .25% to .50% risk per trade so no, I will not blow up an account.

He claims, how am I going to achieve a 10k to 100k account in 1 or 2 months, a recipe for disaster he said. Well, again, an idiot, I did not say I'd achieve this in a month or 2. He is making stuff up again, something that came out of his imagination.

Here is the plan:

10k account: 5% first 2 weeks ($500), 5% the next 2 weeks $500 (MFF accumulate plan the 1st and 2nd payout= $1,000). Total for the month $1500. Profit to trader of 10% = $150. Buy in the $20k account.

20k account: Same formula as above. First 2 weeks: $100, Second 2 weeks: $200. Total of $300 the second month to trader. Buy in the $50k account for $285.

Same formula for the 50k, till get the $100k. So if everything goes to plan, and assume, MFF does pay. It's gonna take 4 months to get the $100k account. And all this in an initial investment of $75. Actually, my computation is not even accurate. I just made it simple, if you think about it, after 4 months, this will be 4 accounts total. Maybe, combine all 4 after 4 months...

So yah, the guy, is smoking something, even back tracking on my posts just to say something ridiculous.

Only thing that is going to disqualify me I think is my lot size variation since it adjust based on volatility. We will find out this week.
Be like water go with the flow
Quoting maflip
{quote} Thanks bro. That guy is definitely smoking something. He insists I'm an aggressive trader claiming I'd blow up an account. Well he wish I said be aggressive, after 3 months, don't rush it till someone gets a live account. I said this because there are others aggressive from the start. To be an aggressive, is up to the trader and his confidence with his trading. As long as he/she stays within parameters of the rule. As for myself, I stay within .25%...
If your lot size is based on volatility why not contact them, get approval in writing or perhaps seek an example of what they would not allow.. if they are genuine, then that shouldn’t be an issue for them. They should demonstrate a max risk per trade/ trade set that they would be willing to accommodate otherwise it’s a grey area open to....interpretation!!
Quoting moodybot
{quote} If your lot size is based on volatility why not contact them, get approval in writing or perhaps seek an example of what they would not allow.. if they are genuine, then that shouldn’t be an issue for them. They should demonstrate a max risk per trade/ trade set that they would be willing to accommodate otherwise it’s a grey area open to....interpretation!!
I just sent them an email and asked about my trading. They said everything is fine.
Be like water go with the flow
Quoting maflip
{quote} I just sent them an email and asked about my trading. They said everything is fine.
Great news.
Received my 10% payout from MFF on 15/9 after they can't do Transferwise on 11/9. At least they still paid me. So far still fine for me.

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Quoting hello966
Received my 10% payout from MFF on 15/9 after they can't do Transferwise on 11/9. At least they still paid me. So far still fine for me. {image}
Good news and well done indeed!
nice thread Mtinifx.. congratz

Quoting maflip
{quote}So far, my draw down per trade is .25%-.50%. {image}
Hi maflip, may i know how to decide on lot positions such that the %risk mm is constant when you have to decide fast on M1/5 timeframe?

i know how to calculate lot position.. maybe you have solution as i'm trading on M5 with %risk mm system.. and i have to decide lot position when the M5 candle close... i know where the SL will be but sometimes the candle may give a sudden move such that the distance to SL is changed...

i'm in dilemma sometimes because if i didn't enter right away, pa may not wait at all.. but that way means using the predetermined lot size while the SL distance is larger such that the %risk increases..
Quoting moRTaL
nice thread Mtinifx.. congratz {quote} Hi maflip, may i know how to decide on lot positions such that the %risk mm is constant when you have to decide fast on M1/5 timeframe? i know how to calculate lot position.. maybe you have solution as i'm trading on M5 with %risk mm system.. and i have to decide lot position when the M5 candle close... i know where the SL will be but sometimes the candle may give a sudden move such that the distance to SL is changed... i'm in dilemma sometimes because if i didn't enter right away, pa may not wait at all.....
There is a script I uploaded here. Check the attachments. You don't have to use the ATR SL, you can measure your own stop loss and enter it there. 10 pips equal 100.
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Be like water go with the flow
Quoting moRTaL
nice thread Mtinifx.. congratz {quote} Hi maflip, may i know how to decide on lot positions such that the %risk mm is constant when you have to decide fast on M1/5 timeframe? i know how to calculate lot position.. maybe you have solution as i'm trading on M5 with %risk mm system.. and i have to decide lot position when the M5 candle close... i know where the SL will be but sometimes the candle may give a sudden move such that the distance to SL is changed... i'm in dilemma sometimes because if i didn't enter right away, pa may not wait at all.....
There is also one I'm thinking of buying it's cheap just $14. https://www.forexfactory.com/thread/...4#post13163004
Be like water go with the flow
So, I'm getting paid tomorrow. However, this is small account so payout is just peanuts. Just glad, they are not hitting me with inconsistency rule or anything like that. Even called me HANDSOME. Imagine that
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Be like water go with the flow
Quoting maflip
{quote} There is also one I'm thinking of buying it's cheap just $14. https://www.forexfactory.com/thread/...4#post13163004

thx for the suggestion... anyway try this, it's free and really not bad.. i just tried it on mt4 and works..

it has the position size calculator window as mt4 and mt5 indicator... and then drag the script when the candle close... really nice..

https://www.earnforex.com/metatrader...ze-Calculator/

the one that you suggested is better... haha
Quoting moRTaL
{quote} thx for the suggestion... anyway try this, it's free and really not bad.. i just tried it on mt4 and works.. it has the position size calculator window as mt4 and mt5 indicator... and then drag the script when the candle close... really nice.. https://www.earnforex.com/metatrader...ze-Calculator/ the one that you suggested is better... haha
Ok thanks, I will try it.
Be like water go with the flow
Quoting hello966
Received my 10% payout from MFF on 15/9 after they can't do Transferwise on 11/9. At least they still paid me. So far still fine for me. {image}
Glad you got paid..... But 4 days delayed.... Not complaining, but it would be better if they pay on time. At least the next day when it's due. May not be a big deal to others. But if someone is relying on this for income, 4 days to receive a pay check is cumbersome that's almost a week late...

I think they are assessing your account for a break in inconsistency rule before they paid you.... Someone posted here he did not get paid due to inconsistency rule.
Be like water go with the flow
Quoting maflip
So, I'm getting paid tomorrow. However, this is small account so payout is just peanuts. Just glad, they are not hitting me with inconsistency rule or anything like that. Even called me HANDSOME. Imagine that {image}

Great going maflip

(or should I say handsome!!)
Well I was $14000 in credit but I exceeded the max. loss

Re -loaded and I'm in the red but still in the game
Quoting Mtinifx
{quote} Great going maflip (or should I say handsome!!)


I'm still waiting for this PAYOUT.

How about FTMO are they quick to pay? At least a day after it's due? I'm gonna be finish with this 3rd free trial next week. So I'm thinking of buying an FTMO challenge too. Probably next week...
Be like water go with the flow
Glad to know some of you, guys, have received payment from mff.

I wish, though, they would give SKLearn his bonus since he earned it fair and square. Clearly, because of the amount involved, they had to invent a spurious reason (i.e., residing in the US) for not paying him. And that consistency rule is so subjective it's no surprise it's being used to deny payment as well.

On hindsight, I thank my lucky stars I ended up not joining. If I were you, I'd up and leave once I get paid. My two cents...
Amor Fati--F. Nietzsche
Quoting doji
Glad to know some of you, guys, have received payment from mff. I wish, though, they would give SKLearn his bonus since he earned it fair and square. Clearly, because of the amount involved, they had to invent a spurious reason (i.e., residing in the US) for not paying him. And that consistency rule is so subjective it's no surprise it's being used to deny payment as well. On hindsight, I thank my lucky stars I ended up not joining. If I were you, I'd up and leave once I get paid. My two cents...
Be like water go with the flow
  • Post #359
  • Quote
  • Edited 10:34am Sep 19, 2020 10:23am | Edited 10:34am
Im never ever ever again getting involved with anything with unclear rules. If they have the right to withhold payouts by simply stating there was inconsistencies, they probably will. Not worth the risk. They could pay me to get in, I wouldnt. Not worth the time and effort.

Does FTMO reserve the right to not pay 70% of profits for any subjective reasons ? Not that I know of. Please correct me if I m wrong. Cheers all!

Also, keep in mind that FFM is in Ontario, Canada, which has a history of enforcing regulations on anything trading, like needing a permit to trade on behalf of another... So one thing is certain, if you are canadian, dont work with them ! If youre not, then dont stay with them because the regulators will eventually catch up with them and it will cause problems. They'll have to relocate, etc.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
Quoting mtako
Im never ever ever again getting involved with anything with unclear rules. If they have the right to withhold payouts by simply stating there was inconsistencies, they probably will. Not worth the risk. They could pay me to get in, I wouldnt. Not worth the time and effort. Does FTMO reserve the right to not pay 70% of profits for any subjective reasons ? Not that I know of. Please correct me if I m wrong. Cheers all! Also, keep in mind that FFM is in Ontario, Canada, which has a history of enforcing regulations on anything trading, like needing...
Why you not just ask firm if your system ok with them or against consistency rules? . That's what i did with forextips ,. i explained to them how i trade and they told me. They can't accept my system because it's against consistency rule, and i don't think that rule really complicated it's simply about same risk per trade. If risk 100$ per trade then don't jump to 1000$ in other trade ..don't use martingale or not take high risk because you thinking it's good chance to put all eggs in one basket. You can always tell firms about your system so they decide if you ok with them or not. And yes ftmo if you checked their history they rejected to payout to some because they can't copy their trades into live.
And i don't think regulations will give any protection not in canada or Czech in ftmo case . Probably you end paying more than your profits to lawyers
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