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The5ers - Trading & Growth Program

  • #281
  • Sep 23, 2020 4:00pm Sep 23, 2020 4:00pm
Hello Forex Factory readers!

I am a 5%er's evaluation Trader. If you have any questions please ask.

Es
  • #282
  • Sep 23, 2020 5:15pm Sep 23, 2020 5:15pm
Is it mandatory to define a take profit?
  • #283
  • Sep 23, 2020 5:34pm Sep 23, 2020 5:34pm
Quoting TrendLover
Is it mandatory to define a take profit?
No, as far as I know.

It's the SL that's compulsory.
Amor Fati--F. Nietzsche
  • #284
  • Sep 23, 2020 5:38pm Sep 23, 2020 5:38pm
You need to make $375.00-$2,100.00 within 6 months according to which program you enroll in:

https://the5ers.com/

Quoting TrendLover
Is it mandatory to define a take profit?
  • #285
  • Edited 6:00pm Sep 23, 2020 5:40pm | Edited 6:00pm
You cannot exceed $250.00-$1,200.00 trailing drawdown according to the program you enroll in. The 1.5% Stop loss on each trade is mandatory to follow on all the programs. The stop loss value is calculated as a percentage of balance...for example if you have 6k to trade then it is $6,000.00 * 1.5 = $90.00. Here is a handy calculator: https://www.forextime.com/eu/trading...pip-calculator

https://the5ers.com/

Quoting doji
{quote} No, as far as I know. It's the SL that's compulsory.
  • #286
  • Sep 23, 2020 6:46pm Sep 23, 2020 6:46pm
Quoting ElectricSavant
You need to make $375.00-$2,100.00 within 6 months according to which program you enroll in: https://the5ers.com/ {quote}
Of course!

I understood his question as referring to whether or not one has to have a defined TP per trade besides the required SL.

But thanks for the detailed info, ElectricSavant! Hope we get to hear more from funded 5ers on this thread...
Amor Fati--F. Nietzsche
  • #287
  • Sep 23, 2020 7:32pm Sep 23, 2020 7:32pm
Quoting ElectricSavant
Hello Forex Factory readers! I am a 5%er's evaluation Trader. If you have any questions please ask. Es

Good luck ElectricSavant!

Hope you'll be funded soon
  • #288
  • Sep 23, 2020 7:42pm Sep 23, 2020 7:42pm
There is not a rule for the TP.

Quoting doji
{quote} Of course! I understood his question as referring to whether or not one has to have a defined TP per trade besides the required SL. But thanks for the detailed info, ElectricSavant! Hope we get to hear more from funded 5ers on this thread...
  • #289
  • Sep 23, 2020 7:42pm Sep 23, 2020 7:42pm
THanks Buddy!

Quoting NewTrader000
{quote} Good luck ElectricSavant! Hope you'll be funded soon
  • #290
  • Edited Sep 24, 2020 12:29am Sep 23, 2020 7:43pm | Edited Sep 24, 2020 12:29am
I actually am trading their money...6k of it. When I make $375.00 within 6 months while following the other rules...I get. 24k to trade...then doubling at each 10% profit. I get half of the profits from day 1. This is the most fair program I have found. Overnight trades are ok...you can trade with EA's and Signals. Basically as long as you follow the rules you are free to trade as you wish.
check this out....
Inserted Video



Check this video out also. I realize these have already been posted but it is different when you hear it from a trader rather than the firm itself.
Inserted Video



Quoting NewTrader000
{quote} Good luck ElectricSavant! Hope you'll be funded soon
  • #291
  • Sep 24, 2020 4:42am Sep 24, 2020 4:42am
About a minimum of 40 trading days.

Does this mean that to pass the evaluation I will have to trading for more than 2 months?
  • #292
  • Sep 24, 2020 4:54am Sep 24, 2020 4:54am
Quoting TrendLover
About a minimum of 40 trading days. Does this mean that to pass the evaluation I will have to trading for more than 2 months?
"a trading day" mean: You open/close the same position. If you open only 1 position and close that position after 10 days, it's consider 1 trading day.
  • #293
  • Sep 24, 2020 4:58am Sep 24, 2020 4:58am
So if I open and close 40 positions in one day, will that be considered 40 trading days?
  • #294
  • Edited 5:33am Sep 24, 2020 5:15am | Edited 5:33am
Where did you get 40 trading days from? It is 20 trading days and 40 positions. Remember: You are trading their money during the evaluation and splitting the profit. You are waiting for advancement into the next funding level.

Quoting TrendLover
About a minimum of 40 trading days. Does this mean that to pass the evaluation I will have to trading for more than 2 months?
  • #295
  • Edited 6:20am Sep 24, 2020 5:17am | Edited 6:20am
Trendlover,

The purpose of having 20 trading days and 40 positions is for them to see you trade in different conditions. That is fair and reasonable don't you agree? Otherwise you could just go long the EUR/USD once and wait....

I have been trading 11 days and have 76 positions...I reached my 40 positons long ago...

Es

Our evaluation period is specifically designed to observe how traders handle a range of market conditions while demonstrating their performance and stability. Our team’s objective is to ensure that the traders’ abilities are reliable and mature to cope with a diverse range of the market’s intensity and challenges.


Quoting TrendLover
So if I open and close 40 positions in one day, will that be considered 40 trading days?
  • #296
  • Sep 24, 2020 5:23am Sep 24, 2020 5:23am
Quoting ElectricSavant
Where did you get 40 trading days from? It is 20 trading days. Remember: You are trading their money during the evaluation and splitting the profit. You are waiting for advancement into the next funding level. {quote}
I mistook it for a minimum of 40 positions.
  • #297
  • Sep 24, 2020 5:39am Sep 24, 2020 5:39am
Correct me if I'm wrong. Is that all we need to know? Did I forget something?

 

  1. You can use any trading strategy/style
  2. You can open/close position at any time, at night, on the weekend (Sunday), during the news
  3. You can keep open positions at night and on the weekend
  4. Can use EA's and scripts


Risk guidelines:

  1. Max Drawdown Relative (Calculation method: Balance to equity): 4%
  2. Stop Loss Maximum of 1.5% of the balance. For any position, open or pending.
  3. Maximum Exposure by Lots: 0.30 (6k account) / 0.50 (10k account) / 0.65 (13k account)

Increasing the exposure beyond the limit is allowed after moving the stop loss to reach break-even and to cover the risk.


Program restrictions:
Trade only the 28 main currency pairs:
EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, NZDUSD, USDCHF, AUDCAD, AUDCHF, AUDJPY, AUDNZD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY , EURNZD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, NZDCAD, NZDCHF, NZDJPY

Minimum Active Trading Days
In evaluation: 20 days
Portfolio manager: 4 days/month

Minimum trades: 40

Evaluation time limit: 6 months

Portfolio Manager Partner who does not respond to emails in time can lead to freeze or account closure (wtf?)
  • #298
  • Sep 24, 2020 6:50am Sep 24, 2020 6:50am
Trendlover,

I think this would be to respond to a risk violation email. You can get 5 risk violations but maybe along the way they would like to talk to you. Remember they want you as much as you want them. They are not collecting fees...they truly are looking for good traders to trade their money. I have 3 risk violation emails but have not had to respond to any.
This is the fairest firm I have found.

Es

Portfolio Manager Partner who does not respond to emails in time can lead to freeze or account closure (wtf?)
  • #299
  • Sep 24, 2020 6:56am Sep 24, 2020 6:56am
Electric! what? you have three risk violations! HeHe.

I thought you were a good trader!

It's that damn Stop Loss rule... Damn I say! My EA has a mind of its own!

ES
  • #300
  • Sep 24, 2020 7:06am Sep 24, 2020 7:06am
Quoting ElectricSavant
Electric! what? you have three risk violations! HeHe. I thought you were a good trader! It's that damn Stop Loss rule... Damn I say! My EA has a mind of its own! ES
No excuse
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