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The5ers - Trading & Growth Program

  • #261
  • Sep 19, 2020 5:44am Sep 19, 2020 5:44am
Quoting Trader-IT
{quote} Purtroppo non ho ancora superato la valutazione e sono solo all'inizio con 12 giorni lavorativi su un conto da 50.000$ (13.000$ valutazione). Sono attualmente in territorio negativo del 0,92%. Si, anch'io sono considerato dai più, un "giocatore d'azzardo". Un positivo o negativo del 10 - 20% al giorno è la normalità per me. Con le aziende prop invece, devi controllarti e seguire regole di gestione economica molto, molto ristrette. Che può essere solo una cosa positiva, questo è certo, ma cambiare le vecchie...
Work with percentages, calculate percentages, not lots or pips. You'll see the magic.
  • #262
  • Edited 7:39pm Sep 19, 2020 7:27pm | Edited 7:39pm
hi

maybe someone can enlighten me about the trailing drawdown. from my understanding drawdown trails to infinity..
example: 40K account in 5ers and trader makes 5% which is 2K and drawdown trails to 40320usd (4%). so now how trader can make any withdrawals if the drawdown constantly trails?? if trader decide to take his part from this 2K profit then he has no drawdown at all..
where's the money then? i know that there is growth program but what if I want to stay at PM2 or 3 longer ?

oh and last thing.. is the trailing DD calculated on realized PnL or unrealized too ?
  • #263
  • Sep 19, 2020 8:57pm Sep 19, 2020 8:57pm
For the evaluation period, the Fund pays the net profits in one amount to the traders and it is done so only when the evaluation program has ended.
Upon success in the evaluation, payout for evaluation’s profits will be paid on the following payout cycle, combined with the PM account’s profits or losses of the same payout cycle.
The Fund pays for net profits to PM Partners, every month and on a monthly payout cycle.
Being paid for – profits will not be deducted from profit accumulation towards the next milestone.
Calculating & Recording of Profits for a PM Partner.
The payout procedure is managed by the following timeline schedule:

  1. Sample Profit Value Date (SPV) – 20th day of the month, EOD (end of day.)
    SPV is the lowest value of balance or equity by EOD of the 20th day.
  2. Effective Profit Value Date (EPV) – Last Day of the month, EOD.
    EPV is the lowest value of balance or equity by EOD of the last day of the month.
  3. Profit Report and Invoice Request – 3rd day of the month, EOD.
  4. Profit is calculated by taking the lowest value between SPV and EPV, subtracting the last payout watermark.
  5. Submitting Invoice – 6th day of the month, EOD.
    The Last day that the trader must submit an invoice for the current payout cycle. If this day is missed, a new profit calculation will be made, on the following next payout month.
  6. Payment Due Date – 10th day of the month, EOD.
    Is the final time for the Fund to issue payments for the trader. The time of the actual money available in the trader’s bank account is subject to the means of the payout processing times.

Payout Terms Definition:

  1. EOD – 23:59:59 is The 5ers’ platform server time.
  2. High Watermark profit is the last value of the account by which the fund had paid for the trader. Once the Fund pays the due profits, a new Watermark is set.

  • #264
  • Sep 20, 2020 3:50am Sep 20, 2020 3:50am
Quoting Miksiu
hi maybe someone can enlighten me about the trailing drawdown. from my understanding drawdown trails to infinity.. example: 40K account in 5ers and trader makes 5% which is 2K and drawdown trails to 40320usd (4%). so now how trader can make any withdrawals if the drawdown constantly trails?? if trader decide to take his part from this 2K profit then he has no drawdown at all.. where's the money then? i know that there is growth program but what if I want to stay at PM2 or 3 longer ? oh and last thing.. is the trailing DD calculated on realized PnL...
Relative drawdown means it always being measured from the high watermark. It is measured by the unrealized positions.
With The5ers being paid for profits and growth progression are two independent features. Being paid is never deducted from your growth milestone progression.
We are Forex traders - Come trade with us
  • #265
  • Sep 20, 2020 4:10am Sep 20, 2020 4:10am
Quoting The5ersTF
{quote} Relative drawdown means it always being measured from the high watermark. It is measured by the unrealized positions. With The5ers being paid for profits and growth progression are two independent features. Being paid is never deducted from your growth milestone progression.

I have a question relating to setting the stop-loss order for trades. As I understand from my last post that we get a 2 min window to set the stop loss. What happens if I open a trade and close it before the 2 min window without setting a stop loss? Will I be violating any trade conditions of your company?
  • #266
  • Sep 20, 2020 4:26am Sep 20, 2020 4:26am
Quoting daytradrfx
{quote} I have a question relating to setting the stop-loss order for trades. As I understand from my last post that we get a 2 min window to set the stop loss. What happens if I open a trade and close it before the 2 min window without setting a stop loss? Will I be violating any trade conditions of your company?
Hey @daytradrfx
Yes, you have to set a stop loss for every single position.
The two minutes are made to ease with traders, not to be misused.
We are Forex traders - Come trade with us
  • #267
  • Sep 20, 2020 8:14am Sep 20, 2020 8:14am
Interview with Funded Trader Leonardo

10 Months with The5ers From $400 to 160k Funded Account

Leonardo is on the way to gain 10% profit and double his funded account to $320k!

For the full interview

The5ers Funding Forex Traders
We are Forex traders - Come trade with us
  • #268
  • Sep 20, 2020 9:10am Sep 20, 2020 9:10am
Quoting The5ersTF
{quote} Relative drawdown means it always being measured from the high watermark. It is measured by the unrealized positions. With The5ers being paid for profits and growth progression are two independent features. Being paid is never deducted from your growth milestone progression.

'Profit is calculated by taking the lowest value between SPV and EPV, subtracting the last payout watermark.'

could you clarify this point on the concrete example? (i mean after trader is on one of PMs)
  • #269
  • Sep 20, 2020 12:50pm Sep 20, 2020 12:50pm
Quoting Miksiu
{quote} 'Profit is calculated by taking the lowest value between SPV and EPV, subtracting the last payout watermark.' could you clarify this point on the concrete example? (i mean after trader is on one of PMs)
In general to understand your quotes you will have to read the whole chapter on payouts under terms and conditions.
In short, it is the formula to calculate the difference outstanding profit from last time we have paid for your profits. AKA high watermark.

The other two terms refer to two different account value sampling. We consider to lowest value between realize or unrealized account value. That defines the value of the account at the payouts sampling dates minus the high watermark. If the results is positive, it shows you have outperformed with profit from last time we have paid you.
Well this is the long explanation, the short and simplified explanation is, we pay the profits made over the last high watermark.
We are Forex traders - Come trade with us
  • #270
  • Sep 20, 2020 7:45pm Sep 20, 2020 7:45pm
Quoting The5ersTF
Interview with Funded Trader Leonardo 10 Months with The5ers From $400 to 160k Funded Account Leonardo is on the way to gain 10% profit and double his funded account to $320k! For the full interview The5ers Funding Forex Traders


Nice, inspiring interview (enough to make me overlook the typos, e.g., he started with 40k, not 400)!

Just curious: How much has his profit-share been these past 10 months in dollar terms? Is it true what he said that he had his evaluation fee refunded after passing?
Amor Fati--F. Nietzsche
  • #271
  • Sep 20, 2020 10:59pm Sep 20, 2020 10:59pm
Quoting daytradrfx
{quote} I have a question relating to setting the stop-loss order for trades. As I understand from my last post that we get a 2 min window to set the stop loss. What happens if I open a trade and close it before the 2 min window without setting a stop loss? Will I be violating any trade conditions of your company?
Why need up to 2 minus for setting SL?

You can set SL asa you open position within a millisecond.
  • #272
  • Sep 21, 2020 12:09am Sep 21, 2020 12:09am
Quoting NewTrader000
{quote} Why need up to 2 minus for setting SL? You can set SL asa you open position within a millisecond.

When scalping sometimes the markets move too fast and I won't get time to set the stop loss. If I spend the time to set the stop loss I will miss the entry opportunity that's why I was asking to clarify.
  • #273
  • Sep 21, 2020 12:14am Sep 21, 2020 12:14am
So if your trades slide under the radar is the question. Your trades cannot last more than 2 minutes uncovered. But I do not think they will like that.

ES

Quoting daytradrfx
{quote} When scalping sometimes the markets move too fast and I won't get time to set the stop loss. If I spend the time to set the stop loss I will miss the entry opportunity that's why I was asking to clarify.
  • #274
  • Edited 1:43am Sep 21, 2020 12:37am | Edited 1:43am
Quoting doji
{quote} Nice, inspiring interview (enough to make me overlook the typos, e.g., he started with 40k, not 400)! Just curious: How much has his profit-share been these past 10 months in dollar terms? Is it true what he said that he had his evaluation fee refunded after passing?
Hi Doji

$400 Refers to his cost of enrolling for the evaluations at $400. So the title is not wrong.
He might say he got a refund, technically when he got his first payout, he got paid enough to cover the enrollment fee.
To be clear, the evaluation is traded on a live trading account, and the trader will receive 50% of the profits made during that phase.
We are Forex traders - Come trade with us
  • #275
  • Sep 21, 2020 12:38am Sep 21, 2020 12:38am
Quoting NewTrader000
{quote} Why need up to 2 minus for setting SL? You can set SL asa you open position within a millisecond.
Sometimes traders enter at market, then place SL. if calculations needed it can take longer, therefore we let up to 2 minutes for setting SL
We are Forex traders - Come trade with us
  • #276
  • Sep 21, 2020 12:50am Sep 21, 2020 12:50am
Quoting ElectricSavant
So if your trades slide under the radar is the question. Your trades cannot last more than 2 minutes uncovered. But I do not think they will like that. ES {quote}
If you close your trade with no stoploss, it remains and can be seen in your history. So better use SL for all trades regardless of their span.

It is important to understand SL is a crucial security measure, the same as wearing a seat-belt when driving. The #1 reason people blow accounts is that there is not enough attention given for how to use stoploss properly if any.
We are Forex traders - Come trade with us
  • #277
  • Sep 21, 2020 10:26am Sep 21, 2020 10:26am
Forex Trading Room September 21, 2020

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

Inside Today’s Forex Trading Room Session we analyzed the charts for the upcoming week, for swing and long terms traders, We have look for intraday opportunities in the lower time frames but found one only at the end of the session which is the position on NZD/CHF.
I also explained shortly the difference between support/resistance and Supply/Demand which is very important to understand.
We are Forex traders - Come trade with us
  • #278
  • Sep 21, 2020 10:30am Sep 21, 2020 10:30am
Quoting daytradrfx
{quote} When scalping sometimes the markets move too fast and I won't get time to set the stop loss. If I spend the time to set the stop loss I will miss the entry opportunity that's why I was asking to clarify.

Quoting The5ersTF
{quote} Sometimes traders enter at market, then place SL. if calculations needed it can take longer, therefore we let up to 2 minutes for setting SL

Use these "Buy/Sell With SL and TP" scripts, you can set SL asa you open position within a millisecond.

If you leave the entry field at 0.0 as is default, it will be a market order. You can also enter your StopLoss (default 10 pips) and Take profit (default 100 pips) in pips. You can also select true for Auto money management and the percent to risk "default 0.5%" and the script will figure out your lot size accurately based on account balance and pipvalue for the pair.
Attached File(s)
File Type: mq4 Buy with SL and TP.mq4   3 KB | 313 downloads
File Type: mq4 Sell with SL and TP.mq4   3 KB | 291 downloads
  • #279
  • Sep 21, 2020 10:05pm Sep 21, 2020 10:05pm
Quoting NewTrader000
{quote} {quote} Use these "Buy/Sell With SL and TP" scripts, you can set SL asa you open position within a millisecond. If you leave the entry field at 0.0 as is default, it will be a market order. You can also enter your StopLoss (default 10 pips) and Take profit (default 100 pips) in pips. You can also select true for Auto money management and the percent to risk "default 0.5%" and the script will figure out your lot size accurately based on account balance and pipvalue for the pair. {file} {file}
Thank you
  • #280
  • Sep 22, 2020 6:55am Sep 22, 2020 6:55am
Supply & Demand Advanced Forex Trading Concepts Part 2

Inserted Video
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