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The5ers - Trading & Growth Program

  • #381
  • Oct 12, 2020 12:46pm Oct 12, 2020 12:46pm
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.
Would have been good to get an email about this and your website still says it's relative drawdown. However, my account seems to show drawdown as absolute now, not relative, so that's good. Will there be any changes to stop loss requirements? In particular being able to remove the stop for an hour or so around 5pm NY time when spreads increase? I'm making the same trades on multiple accounts and have had more trades stopped out by large new day spreads with you than I have with the other accounts.
  • #382
  • Oct 12, 2020 2:11pm Oct 12, 2020 2:11pm
Quoting Iddo
{quote} Could you possibly provide me with a demo MT4 account in order to test the slippage and latency?
Hey @Iddo
It's best to contact us by phone or email or live chat. https://the5ers.com/
Best...
We are Forex traders - Come trade with us
  • #383
  • Oct 12, 2020 10:04pm Oct 12, 2020 10:04pm
Did you see all that action in the JPY pairs today during the first hour of the Sydney open?

Quoting Keenas
{quote} Would have been good to get an email about this and your website still says it's relative drawdown. However, my account seems to show drawdown as absolute now, not relative, so that's good. Will there be any changes to stop loss requirements? In particular being able to remove the stop for an hour or so around 5pm NY time when spreads increase? I'm making the same trades on multiple accounts and have had more trades stopped out by large new day spreads with you than I have with the other accounts.
  • #384
  • Oct 13, 2020 3:49am Oct 13, 2020 3:49am
Quoting Keenas
{quote} Would have been good to get an email about this and your website still says it's relative drawdown. However, my account seems to show drawdown as absolute now, not relative, so that's good. Will there be any changes to stop loss requirements? In particular being able to remove the stop for an hour or so around 5pm NY time when spreads increase? I'm making the same trades on multiple accounts and have had more trades stopped out by large new day spreads with you than I have with the other accounts.
Hey @Keenas

We have not yet sent an official announcement, for that exact same reason. We have not yet updated the site and terms, but we have been applying the new rules for the benefit of the traders for some time. Regarding stop loss, the requirement for stop loss will not change. We believe that responsible trading requires the use of stop loss. In our program, we enable trading during the nights and weekends, and therefore the responsibility for the account is the trader's, who should commit to knowing well the trading conditions.
We are Forex traders - Come trade with us
  • #385
  • Oct 13, 2020 12:00pm Oct 13, 2020 12:00pm
Forex Trading Room October 13, 2020

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

Inside Today’s Forex Trading Room Session, we took a successful sell position on the EURUSD We discussed trade management techniques to maximize profits.
We are Forex traders - Come trade with us
  • #386
  • Oct 15, 2020 8:13am Oct 15, 2020 8:13am
Supply & Demand Advanced Trading Concepts Confirmation Price Action part 5

Inserted Video
We are Forex traders - Come trade with us
  • #387
  • Oct 15, 2020 12:49pm Oct 15, 2020 12:49pm
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.
Do I get to choose between the two UK locations? And what are they?
  • #388
  • Oct 15, 2020 3:52pm Oct 15, 2020 3:52pm
Quoting Iddo
{quote} Do I get to choose between the two UK locations? And what are they?
From your questions I assume that you are an absolute newbie, otherwise you would not ask these questions which are (almost) the basis of this work.

All Brokers, through MT4 platforms, offer one or more accesses to the data network of the Forex Market and beyond. NY in this case.
Depending on your geographic location, there will be:
- a faster access point with a smaller number of ms (ms if you're wondering, that's milliseconds)
- one or more alternative accesses (which I define as "emergency") with a slower access speed and a larger number of ms.
The speed of data transfer is important for having fluid graphics without pauses / interruptions, but in particular, for a quick opening and closing of a buy/sell order.
If you trade on charts from - say - H1 up, this is irrelevant to you.

What they are and where they are is not important.
Automatically, the MT4 connects by itself and - almost always automatically - to the best (fastest) access point.
To avoid problems, I still check every time I open the platform.

Now, please don't hate me.
If you want to be a professional rally driver, you must first of all:
- study how the car works (the MT4 platform)
-then you have to learn to drive (style / technique / strategy)
- pass the ritual tests (many ... many ... infinite tests)
and finally you are ready to run.

And before you win (earn), you have to learn how to finish the race by crossing the finish line unharmed for you and the car (your deposit).
I assure you that even the best driver in the world is wrong.
We are Human and not infallible.

Skip a step? Go off the road endless times (lose money) until you have no more cars to drive (money) and/or you are really hurt, freaking out and getting mad at Forex not working ... the Broker who is a scammer ... internet connection not working well ... computer not working well etc. Here on FF there are thousands of these end-stage people.
In reality it is only You who have problems.

Good luck. You need it.

Ps:
the first image refers to the connections of the 5% ers account, the second of another Broker with whom I have another live account.
Nice difference right?

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Attached Image


Pss:
Then of course there are the VPS (Virtual Private Server).
With the last two I used, I was only about 1ms.
I've seen things you people wouldn't believe
  • #389
  • Oct 15, 2020 9:56pm Oct 15, 2020 9:56pm
Lucky you, Trader-IT!

Here in Asia, the fastest 5er server (London) I'm connected to has a speed of 305.48 ms. The NY one is at 308.50 ms.

Maybe they'd consider having servers in my neighborhood in the future?

(Btw, thanks so much for that currency strength indi you shared earlier.)
Amor Fati--F. Nietzsche
  • #390
  • Edited Oct 16, 2020 12:00am Oct 15, 2020 11:01pm | Edited Oct 16, 2020 12:00am
Quoting Trader-IT
{quote} From your questions I assume that you are an absolute newbie, otherwise you would not ask these questions which are (almost) the basis of this work.
Absolute newbies stop becoming absolute newbies by asking questions. He's not doing any harm by asking or getting clarification. If you don't like his questions, which aren't even directed at you, just let the5ers answer him. You being kind of harsh on him reflects badly for 5ers. This thread is like the only non-combative thread on this site, keep it that way.

A beginner, sure, but his head is in the right space. Asking questions, double checking, requesting demo to see market conditions from his location, etc. It's a good start, not rushed and patient. Qualities that'll serve him well in the future to becoming a profitable trader. So good job Iddo!
The best strategy is a profitable one.
  • #391
  • Oct 16, 2020 3:53am Oct 16, 2020 3:53am
Quoting Iddo
{quote} Do I get to choose between the two UK locations? And what are they?
Hey Iddo

It's best if you can contact us by phone or email or live chat. https://the5ers.com/
We are Forex traders - Come trade with us
  • #392
  • Oct 16, 2020 6:54am Oct 16, 2020 6:54am
A bit out of topic, I'm trading on a broker with minimum of 435ms. Price movements and opening/closing trades are quite fast, but placing SL and TP become buggy, sometimes takes 4 seconds to set, occasionally sl/tp levels being set in background but you need to re-enter terminal to see changes. But not a big issue, normal.
  • #393
  • Edited 10:03am Oct 16, 2020 9:46am | Edited 10:03am
Traders....you know I am a trader and I usually want better conditions for traders. But I have to admit that the stop loss rule that I complain about actually is saving me. I am having a rough time with my trading and all I need is some time to "iron out" some rough spots which the stop loss rule helps with.

I was truly surprised at the policy change for drawdown. The trader can build up a buffer which is really good for us....but the return on investment can now fluctuate more for the 5%er's. That is their business and they changed their model enough to be noticed.

I guess the thinking is that a trader wants to make money and it will control itself enough for the trader to want to get out of drawdown and get to a higher watermark.

The combination of conditions now makes the 5%er's the best choice for an aspiring trader to get more capital to trade.

Now about that 50% split!....just kidding

ES

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P.S. I was sad to discover that the 5%er's thread is no longer at another site that I frequent
  • #394
  • Oct 16, 2020 11:06am Oct 16, 2020 11:06am
Quoting ElectricSavant
Traders....you know I am a trader and I usually want better conditions for traders. But I have to admit that the stop loss rule that I complain about actually is saving me. I am having a rough time with my trading and all I need is some time to "iron out" some rough spots which the stop loss rule helps with. I was truly surprised at the policy change for drawdown. The trader can build up a buffer which is really good for us....but the return on investment can now fluctuate more for the 5%er's. That is their business and they changed their model...
Come on Savant !!! There you can do it for sure.
For what it's worth, that's my experience (and there's nothing to brag about).
I started on September 1st. On September 24th I hit the lowest point -2.93%. It was just the day that I raised my investment level, because I was sure of what I was doing. Well, the price had an abnormal and unwarranted movement, hitting my super-wide SL. I had two options: take revenge with a further investment increase or resist with a low profile. I continued until yesterday, investing from 1/4 to 1/10 compared to before. Slowly, sure, but I returned safely, positive by + 0.21%.

Think back to the early days and the beautiful growth curve you had. Try repeating what you were doing. You will not have any problems. However, if you use an EA, be very careful, because this is a very unstable period (between Covid, Brexit and American Elections) and which will last until the first months of 2021. I sincerely hope not beyond. Perhaps only a low investment with large SL, can do it. Today, within 3 seconds, I saw absurd moves. Up to hitting 100 pips on GJ.
Take care of you

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I've seen things you people wouldn't believe
  • #395
  • Oct 16, 2020 11:41am Oct 16, 2020 11:41am
Congrats on your most excellent trading and how you handled the psychology of loss...

Quoting Trader-IT
{quote} Come on Savant !!! There you can do it for sure. For what it's worth, that's my experience (and there's nothing to brag about). I started on September 1st. On September 24th I hit the lowest point -2.93%. It was just the day that I raised my investment level, because I was sure of what I was doing. Well, the price had an abnormal and unwarranted movement, hitting my super-wide SL. I had two options: take revenge with a further investment increase or resist with a low profile. I continued until yesterday, investing from 1/4 to 1/10 compared...
  • #396
  • Edited 1:04pm Oct 16, 2020 11:54am | Edited 1:04pm
This is my live account which I trade alongside my main gig (The 5%er's). At this rate (0.01 per 1k) it will take me a long time to get to 1.2 mil especially if I drew out half of the profit monthly as I climbed. I have a good system but it is not tradeable in the 5%er's. There is stealth SL's and when they do show up they are dynamically adjusting SL's which exceed the 1.5%. Remember we are dealing with dishonest dealers and they must be tricked. Don't misunderstand me. I do not have size enough to affect anything...but I trade together with size. (this is why I like Supply and Demand Trading that is taught in the the 5%er's trading room)

Yes it is a grid utilizing trade size with great variance. Not martingale but discovery. Please do not ask!

This is a tricky page...just scroll past the pop up:
https://forexop.com/learning/how-dealers-make-money/


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  • #397
  • Edited 3:41pm Oct 16, 2020 12:36pm | Edited 3:41pm
After reading that link in the post above... how do you feel?

I want to say that when I ran across the threads here in the Forex Factory & ET about the 5%er's you can imagine what I thought and felt in light of that link above.

I want to say that I fully endorse what the 5%er's are doing. It is so refreshing to find someone actually is on the "up & up" in this Forex Industry. The dealers are the casino in which us traders come to play in. Some of us have more of a gambling nature that others.

Article buried in the 5%er's website

Anyways....You are dealing with honest people who are more interested in being fair. You get some real good education and you can watch live trades in the trading room. There are seminars and great reading material in Blog Articles mixed in and offered throughout your trading career through the 5%er's. YOU ARE NOT ALONE!

I can communicate with the staff at 5%er's whenever I want...by phone, email...chat.

ES

P.S. So when traders ask me why don't you just trade your own money Electric? I say YES I DO.... but I get a career path with the 5%er's.

P.S.S. Here is a Fun Thread
  • #398
  • Oct 16, 2020 2:03pm Oct 16, 2020 2:03pm
Quoting ElectricSavant
Traders....you know I am a trader and I usually want better conditions for traders. But I have to admit that the stop loss rule that I complain about actually is saving me. I am having a rough time with my trading and all I need is some time to "iron out" some rough spots which the stop loss rule helps with. I was truly surprised at the policy change for drawdown. The trader can build up a buffer which is really good for us....but the return on investment can now fluctuate more for the 5%er's. That is their business and they changed their model...
Hey ElectricSavant

you can schedule an online appointment with our Portfolio Analyst Saul Lokier.

If there is no available date soon, send me an email at [email protected]
I'll make sure to set up a call with Saul, I am sure he can help you.

Best...
We are Forex traders - Come trade with us
  • #399
  • Edited Oct 17, 2020 9:48am Oct 16, 2020 2:10pm | Edited Oct 17, 2020 9:48am
Saul is my favorite! He is the one in the trading room right?

But I know what my problem is. I started with a great EA and it dynamically traded me into risk violations so I had to stop it. Even if the stop loss rules were changed I would never trade it again with your money as it will destroy the drawdown rule when it gets the chance, because I could not trade all three symbols.

So there I sat....nothing to trade. What do I do? I always have 3 tests going on in the background so I picked one that could fit the trading criteria....well it failed miserabley when I took it live with you.

Sooo.....I now have a safe method that I am trading with your money but I humbly request more time if I do not breach the rules.

I will take advantage of the appointment when I settle down and get a tradeable method (EA) that I can trust. I think I have it now.

Perhaps it would be good to go back to Demo and place my account on a sabbatical rather than prematurely testing stuff out on your dime. Has anybody ever done that?

ES

Quoting The5ersTF
{quote} Hey ElectricSavant you can schedule an online appointment with our Portfolio Analyst Saul Lokier. If there is no available date soon, send me an email at [email protected] I'll make sure to set up a call with Saul, I am sure he can help you. Best...
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  • #400
  • Edited Oct 17, 2020 3:34pm Oct 16, 2020 3:49pm | Edited Oct 17, 2020 3:34pm
You know it just occured to me. The $270.00 I deposited only covers the 5%er's during the evaluation period. If you lose 4% then you are out and the 5%er's don't lose any money.

But...

What happens when you make the $375.00 and go from 6K to 24K(PM1)? You cannot lose more than 4% right? 4% of 24k is $960.00. So if that happens the 5%er's lose money if you immediately go down.

+$270.00 Your deposit
+$187.50 5%er's portion of evaluation profits (50%)
+$457.50 Total money 5%er's has from you

So when you get to PM1 5%er's has $960.00-$457.50=$502.50 at risk if you immediately go to full drawdown and fail.

Do I have this right? If so the 5%er's have a vested interest in you being profitable at the beginning of PM1 and the beginning of all future PM levels. As you get to midlevel of each of the PM's then the 5%er's are out of risk territory.

I wish the 5%er's would ask one of the traders trading 1.2 million to participate here and answer questions from us.

ES
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