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The5ers - Trading & Growth Program

  • #361
  • Oct 8, 2020 7:11am Oct 8, 2020 7:11am
Quoting The5ersTF
{quote} Hey NewTrader000 Right now we have a absolute drawdown, which is called a maximum loss. A relative drawdown is calculated by the difference between the equity peak and equity low. We now have a maximum loss, which is calculated by the difference between the deposit to the equity low.
A trader trading 10k evaluation. He made $500 profit and then lost $401 (the balance is $10.099 now).

He failed with "relative drawdown" rule. But with new rule "absolute drawdown" he still alive?

Whenever his account balance >9.6k, he can continue trading?
  • #362
  • Oct 8, 2020 7:23am Oct 8, 2020 7:23am
Quoting NewTrader000
{quote} A trader trade 10k evaluation. He made $500 profit and then lost $401. He failed with "relative drawdown" rule. But with new rule "absolute drawdown" he still alive? Whenever his account balance >9.6k, he can continue trading?
absolutely correct!
We are Forex traders - Come trade with us
  • #363
  • Oct 8, 2020 7:29am Oct 8, 2020 7:29am
Quoting The5ersTF
{quote} absolutely correct!
So, will you reactivate a trader who has failed with "relative drawdown" rule but his account balance >9.6k?

I think its fair for all and you are very kind person.
  • #364
  • Oct 8, 2020 7:57am Oct 8, 2020 7:57am
This is fantastic! You will retain a lot of good traders who otherwise may have been lost.

Es

Quoting The5ersTF
{quote} Hey NewTrader000 Right now we have a absolute drawdown, which is called a maximum loss. A relative drawdown is calculated by the difference between the equity peak and equity low. We now have a maximum loss, which is calculated by the difference between the deposit to the equity low.
  • #365
  • Oct 8, 2020 7:59am Oct 8, 2020 7:59am
Quoting NewTrader000
{quote} So, will you reactivate a trader who has failed with "relative drawdown" rule but his account balance >9.6k? I think its fair for all and you are very kind person.
For the past weeks, prior to making the absolute drawdown official, we have stopped enforcing relative drawdown. Our traders are benefiting from this new improvement for some time now.
This is not a retroactive rule, so we cannot bring back a person who was disqualified before the rules were changed.
We are Forex traders - Come trade with us
  • #366
  • Oct 8, 2020 9:11am Oct 8, 2020 9:11am
Quoting The5ersTF
{quote} For the past weeks, prior to making the absolute drawdown official, we have stopped enforcing relative drawdown. Our traders are benefiting from this new improvement for some time now. This is not a retroactive rule, so we cannot bring back a person who was disqualified before the rules were changed.

Think, you should bring in someone who was disqualified before the rules were changed because you might miss out on good traders who are unlucky with the new rule.
  • #367
  • Oct 9, 2020 9:00am Oct 9, 2020 9:00am
Quoting NewTrader000
{quote} Think, you should bring in someone who was disqualified before the rules were changed because you might miss out on good traders who are unlucky with the new rule.
Lol rubbish. It's a business, not a charity.
  • #368
  • Oct 10, 2020 8:53am Oct 10, 2020 8:53am
Trendlover,

Thank You and I must post that I agree with your logical approach with the sliding scales on everything. The fees may go up to cover this wide encompassing plan (increased drawdown) but it fills the needs for all types of traders and will benefit The 5%er's.

To incorporate your ideas would only widen the reach (find all types of good traders) for The 5%er's and present to them no increased risk as far as I can see it.

If the 5%er's could get 25% APY on their pile of cash with their risk being controlled as it is... would be a great plan. We cannot expect them to share this secret info but it would be a great benchmark for us traders to see how the company is doing as a direct result of trading criteria changes. The company is "all of us traders" and we should know if we re doing well as a team?

ES

Quoting TrendLover
{quote} {image} Before the biggest initial plan was 52k. It was replaced by 80k plan. I hope it doesn't change for the worse. Your funding program is already good. It is one of the most flexible and honest, perfect for swing traders and traders with a low risk profile. It does not allow you to earn a lot of money fast from the start like FTMO and EnFoid, but it does allow you to work with quality of life, being able to trade the news, keep it open at night and on the weekend. You could rearrange things and offer an initial 25k, 50k and 100k plan....
  • #369
  • Edited 9:30am Oct 10, 2020 9:09am | Edited 9:30am
This is huge. I believe this make the 5%er's the best trading program out here hands down. Now the trader can grow and on those days that Trump Tweets or some other news happens the profitable trader has built up a buffer to absorb this unforeseen thing that is no fault of his. If he is a profitable trader his profits shall return.

I know for a fact the the 5%er's is fair and honestly is looking for good traders to grow their capital with. Their actions prove it!

However traders...don't hold your breath for a higher profit split ...it is at 50% and will most likely remain there. But our trading conditions are getting better and better each day. (other companies out there make their income from fees)

Es

Quoting The5ersTF
{quote} Hey NewTrader000 Right now we have a absolute drawdown, which is called a maximum loss. A relative drawdown is calculated by the difference between the equity peak and equity low. We now have a maximum loss, which is calculated by the difference between the deposit to the equity low.
  • #370
  • Oct 10, 2020 9:23am Oct 10, 2020 9:23am
Well yes and no. I get it Koop. But their focus is to discover good traders to trade their capital with...not to collect fees. If I were to review past trader histories which should be my job as an analyst and I discovered a day that several good trading histories got wiped out because of a Trump Tweet I would be "on it".

If I were managing the 5%er's master portfolio the yield results along with other benchmarks would be my measurement of job performance. Yield on their investment with the lowest risk and costs is what is being measured from the 5%er's side...yes it is truly a business.

Quoting Koop
{quote} Lol rubbish. It's a business, not a charity.
  • #371
  • Oct 10, 2020 10:53am Oct 10, 2020 10:53am
Just want to clarify your drawdown. On a $10k account, I open 6 trades with a 1% SL. They all go against me but I do not close them. This means my open balance is $9400. Do I fail at this point?

They then turn around and I have a open balance of $10600. I then close all of them.
  • #372
  • Oct 10, 2020 11:24am Oct 10, 2020 11:24am
Pardon the interruption, I see your point....is it intraday? From The 5%er's end they put on a hedge (the hedge costs are passed on to you in some way) and you get a risk violation. But this will need an answer from them.

Quoting GodRa
Just want to clarify your drawdown. On a $10k account, I open 6 trades with a 1% SL. They all go against me but I do not close them. This means my open balance is $9400. Do I fail at this point? They then turn around and I have a open balance of $10600. I then close all of them.
  • #373
  • Oct 10, 2020 11:25am Oct 10, 2020 11:25am
yes open positions are held overnight
  • #374
  • Edited 11:51am Oct 10, 2020 11:33am | Edited 11:51am
GodRa, I sense you are a profitable trader...It's just a guess of mine. I think the 5%er's will want your trades. You just got to figure out how to fit them into your plan. Having a drawdown limit for them is how your fee is calibrated as they should never have any of their funds at risk.

It would be real cool for the 5%er's to offer a customizable plan. The trader could define his criteria...viola...the fee is established. But in the end it all comes down to drawdown as the fee would equal that.

I think the 5%er's should not call it a fee...but a paid loss buffer or something more positive...etc. It could be really positive if the buffer would be returned after PM1 is reached...

You see GodRa what your are purchasing is use of capital and 5%ers gets half of your profits. 1.2 mil would take a long time for me to build up to especially when drawing out funds each month. The 5%er's has kickstarted my trading.

ES

Quoting GodRa
yes open positions are held overnight
  • #375
  • Oct 11, 2020 2:34am Oct 11, 2020 2:34am
Quoting GodRa
Just want to clarify your drawdown. On a $10k account, I open 6 trades with a 1% SL. They all go against me but I do not close them. This means my open balance is $9400. Do I fail at this point? They then turn around and I have a open balance of $10600. I then close all of them.
Hey @GodRa

Regarding your question, The5ers program measures your performance by the unrealized value. Therefore, if your account first hits the maximum loss, in this particular case, 9600, your evaluation will be stopped.
It is unrealistic to predict what comes next in the markets. The same way your trades could lead profit, they could also lead to a greater loss, this is why we always consider the unrealized value to determine a stop out.
Whether you decide to trade with the5ers or not, I advise you to always consider closing a loss where you were planning to and do not let hopeful and wishful thinking interfere with your cold-cut risk management decision making.

Best...
We are Forex traders - Come trade with us
  • #376
  • Oct 11, 2020 9:46am Oct 11, 2020 9:46am
I would like to know how your broker/liquidity provider handles copy trading. Meaning how is it's latency and slippage when it comes to receiving a signal and executing it.
  • #377
  • Oct 12, 2020 2:00am Oct 12, 2020 2:00am
Quoting Iddo
I would like to know how your broker/liquidity provider handles copy trading. Meaning how is it's latency and slippage when it comes to receiving a signal and executing it.
Hey @Iddo

Copiers are an EA solution, which is subject to where is your terminal located. Our MT4 server has 3 redundant locations. 2 in the UK and 1 in NY, east coast USA. depends on where you are locating your terminal will reflect on your latency, which should not be worse than 150 m/s.
We are Forex traders - Come trade with us
  • #378
  • Oct 12, 2020 5:25am Oct 12, 2020 5:25am
Quoting The5ersTF
{quote} Hey @Iddo Copiers are an EA solution, which is subject to where is your terminal located. Our MT4 server has 3 redundant locations. 2 in the UK and 1 in NY, east coast USA. depends on where you are locating your terminal will reflect on your latency, which should not be worse than 150 m/s.
From Italy (Europe).
Without using VPS. A good result for me.

Attached Image
I've seen things you people wouldn't believe
  • #379
  • Oct 12, 2020 6:19am Oct 12, 2020 6:19am
Quoting The5ersTF
{quote} Hey @Iddo Copiers are an EA solution, which is subject to where is your terminal located. Our MT4 server has 3 redundant locations. 2 in the UK and 1 in NY, east coast USA. depends on where you are locating your terminal will reflect on your latency, which should not be worse than 150 m/s.
Could you possibly provide me with a demo MT4 account in order to test the slippage and latency?
  • #380
  • Oct 12, 2020 10:45am Oct 12, 2020 10:45am
Forex Trading Room October 12 – 16, 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, we start with the higher time frame and then check the lower time frames to look for intraday opportunities.

We also discuss an open sell position we had on the GBP/JPY, explained the reason for open this sell position, what is the final target, why and when I have roll the stop loss, etc…

We also look for new opportunities for intraday positions but couldn’t find a perfect setup for a position.
We are Forex traders - Come trade with us
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