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  • #461
  • Oct 21, 2020 12:12am Oct 21, 2020 12:12am
And i agree with Anran, Asides FTMO, the the only ones that interest me are 5%ers, CTI and maybe Traders central Fund or Enfoid.


Currently looking through the Topstepfx program. I intend to give every single one of them a try for myself.
  • #462
  • Oct 21, 2020 12:25am Oct 21, 2020 12:25am
Quoting Koop
{quote} Something like this but more detailed right? https://youtu.be/Pu-jNPx_-wI https://youtu.be/26Ioo1irvCI Btw he addresses the sneaky Funding talent/MFF model too.
I wouldn't say "just more detailed", I would say done completely better, haha. Because he still uses word like "well their fee is high so I consider this a con". Lol. I'm not referring to fees at all. I'm talking about the structure of them. The things that affect trading, the meat of it. The risk restrictions/rules, the margin rules, leverage rules, the way profits get calculated, the way they receive their share, etc. And the pro and con of how that affects certain strategies.

I, dislike martingale completely, but if a martingale 'trader' was looking for a prop firm, closed before weekends isn't something that would work for that strategy. FTMO is out.

If you're a percent risk trader like me, you'd have to be very careful with fidelcrest, because even though their leverage is 100:1, their per trade and total margin requirements are completely different. Someone may see 2.5%/pt or 10%/total margin, 100:1 leverage, 80% profit split, only the 2nd two register in their head. And there is a sneakiness about that, explaining it against the backdrop of another firm, lets say 5ers, but without being negative about fidelcrest and not even mentioning 5ers, to help them understand that small difference that may cause a violation. Remaining unbiased, show a danger, or a trap, emphasizing the meat of the program underneath. Let them decide if its a positive or negative and if it works for them or not.
The best strategy is a profitable one.
  • #463
  • Oct 21, 2020 12:33am Oct 21, 2020 12:33am
Quoting AnRan
{quote} I wouldn't say "just more detailed", I would say done completely better, haha. Because he still uses word like "well their fee is high so I consider this a con". Lol. I'm not referring to fees at all. I'm talking about the structure of them. The things that affect trading, the meat of it. The risk restrictions/rules, the margin rules, leverage rules, the way profits get calculated, the way they receive their share, etc. And the pro and con of how that affects certain strategies. I, dislike martingale completely, but if a martingale 'trader'...
Lol oh that would be great. Would definitely subscribe to it.
Gonna be a lotta work though.
  • #464
  • Oct 21, 2020 1:22am Oct 21, 2020 1:22am
I don't understand how some can just take anyone without an evaluation. Pay a subscription that is about 1% of what they let you trade with max 10% DD allowed ! They have got to have lost many "9%" ! I must be missing something in the fine print.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #465
  • Oct 21, 2020 4:46am Oct 21, 2020 4:46am
Quoting Koop
{quote} Lol oh that would be great. Would definitely subscribe to it. Gonna be a lotta work though.
At first I thought it would be but its actually not that bad because it's research I'm doing myself. When I look at a prop firm its the first section I look for, I write down two or three questions for clarification about their trading conditions, restrictions, etc, and message them about it. They give me replies, sometimes ridiculous replies that on the outside you may think make sense, but don't actually make sense. Then I just click send transcript to email and I keep it. But cross that firm out in my yellow book. But I can still be unbiased about it cause it's just why it doesn't work for me, but could work for you. BUT here are the hurdles you should be aware of that you probably aren't.

So the research and verbalization part is easy. It's the video part that I'm most inexperienced with. The editing, the bringing up pictures to the screen, all that. Like anything, it has a learning curve, but that would be the most time consuming part in the beginning. Not the firms themselves.
The best strategy is a profitable one.
  • #466
  • Edited 8:58am Oct 21, 2020 7:58am | Edited 8:58am
Guys just a polite reminder as the thread originator to confine all your comments to your trading experience with Forextips or Myff.

If you have NOT joined one of the two and you prefer FTMO, Traderscentral, 5ers or anyone else, that's absolutely fine. Go and comment on those threads, not here! Negative comments are unhelpful and we don't want any on this thread. If you have not joined Myff or Forextips you don't need to be posting here.

As far as I am concerned and those others like me who are trading Myff accounts, we are quite happy thank you

Lastly those who persist will be banned from the thread. Enough is enough!!!
  • #467
  • Oct 21, 2020 11:50am Oct 21, 2020 11:50am
Quoting Mtinifx
Any comments welcome - especially from anyone who is with Forextips101 or myforexfunds

Lol Make up your mind Mtini. Any comments or any positive encouraging comments? you friggin tyrant lol

Alright, i'm going to pay for the funding talent 101 program just so you'll allow me legally hurt your feelings.

Maybe the 25k aggressive option, at least that would let me earn 40% "bonus" monthly. Still shit compared to other options, but hey, the goal here is not the money.


now let me settle down and try to understand what these weird rules mean :

"Here are some examples of trading behaviour that we would deem inconsistent:

  1. Doubling risk one day to the next
  2. Using sporadic risk all throughout the trading month
  3. Using excessive risk one particular day
  4. Swing trading all throughout the month and then aggressively scalping one day near the end
  5. Changing your number of positions excessively day to day
  6. The above are just examples for your reference. These are not the only situations that could result in this rule being violated. You can always ask our team if you need further clarification on what is or is not acceptable. "

I'll be back if i can overlook the weirdness and get myself excited (poor wording). If not, see you all on other threads.

  • #468
  • Oct 21, 2020 3:08pm Oct 21, 2020 3:08pm
Quoting Mtinifx
Guys just a polite reminder as the thread originator to confine all your comments to your trading experience with Forextips or Myff. If you have NOT joined one of the two and you prefer FTMO, Traderscentral, 5ers or anyone else, that's absolutely fine. Go and comment on those threads, not here! Negative comments are unhelpful and we don't want any on this thread. If you have not joined Myff or Forextips you don't need to be posting here. As far as I am concerned and those others like me who are trading Myff accounts, we are quite happy thank you...
How did you go from saying polite reminder to whining like a 5 year old? You've got some serious emotional/mental issue if you circling the drain of emotions that way. That psychology is not helpful to trading! You must have some serious revenge trading issues as well. Woo-sah, dude. Woo-sah.
The best strategy is a profitable one.
  • #469
  • Oct 22, 2020 12:35am Oct 22, 2020 12:35am
I looked at both those programs and was excited about being able to follow or adapt to all their rules..until the other shoe dropped. Neither allows EAs.

I don't know if it has been mentioned somewhere in this thread already but if all objectives/limits and other particulars/requirements are kept intact, why do they care if the trading is done manually or manually plus EA or all EA?
  • #470
  • Oct 22, 2020 1:39am Oct 22, 2020 1:39am
Quoting OutThere
I looked at both those programs and was excited about being able to follow or adapt to all their rules..until the other shoe dropped. Neither allows EAs. I don't know if it has been mentioned somewhere in this thread already but if all objectives/limits and other particulars/requirements are kept intact, why do they care if the trading is done manually or manually plus EA or all EA?
Because human emotion can blow up an account faster than an EA lol... Just my guess lol.
  • #471
  • Oct 22, 2020 2:43am Oct 22, 2020 2:43am
Quoting maflip
{quote} Because human emotion can blow up an account faster than an EA lol... Just my guess lol.
They get real serious. If they find just one magic number or any evidence of EA use, you are toast.
I donno, maybe they have a deep hatred for the idea of robots including code language robots to take over human work.
Or maybe they know there is a market big enough among investors that just hates EA trading and they are only catering to that market.
Maybe they got screwed by EA users and didn't get screwed by manual traders, so naturally, they lean towards the infallible resource. Unfortunately, behind every EA there is a human operator with various task loads to contend with. I guess they don't know that.

I see they suspect a trader might hook up their account to a signal source. They pay a $30/mo sub to a signal provider and since the signals are so good, they manage to collect real money by pretending they are coming up with the signals themselves. You know what I mean?

That brings up a question I have always had. Why don't these funding companies just hook up to the great signal providers directly and make a lot of money?
Because ..... alright I could go on n on but op will get po'd.

Whatever...their site, their rules. As always, no need to participate if not suitable.
  • #472
  • Oct 22, 2020 3:10am Oct 22, 2020 3:10am
Quoting AnRan
{quote} How did you go from saying polite reminder to whining like a 5 year old? You've got some serious emotional/mental issue if you circling the drain of emotions that way. That psychology is not helpful to trading! You must have some serious revenge trading issues as well. Woo-sah, dude. Woo-sah.

You're banned mate - get lost. I think I made my point clear
  • #473
  • Oct 22, 2020 3:12am Oct 22, 2020 3:12am
Quoting Koop
{quote} Lol Make up your mind Mtini. Any comments or any positive encouraging comments? you friggin tyrant lol Alright, i'm going to pay for the funding talent 101 program just so you'll allow me legally hurt your feelings. Maybe the 25k aggressive option, at least that would let me earn 40% "bonus" monthly. Still shit compared to other options, but hey, the goal here is not the money. now let me settle down and try to understand what these weird rules mean : "Here are some examples of trading behaviour that we would deem inconsistent: Doubling...

Join up or hit the highway mate
  • #474
  • Oct 22, 2020 3:18am Oct 22, 2020 3:18am
Quoting OutThere
{quote} They get real serious. If they find just one magic number or any evidence of EA use, you are toast. I donno, maybe they have a deep hatred for the idea of robots including code language robots to take over human work. Or maybe they know there is a market big enough among investors that just hates EA trading and they are only catering to that market. Maybe they got screwed by EA users and didn't get screwed by manual traders, so naturally, they lean towards the infallible resource. Unfortunately, behind every EA there is a human operator...
Trade Manager is approved just let them know. I got mine approved.
  • #475
  • Oct 22, 2020 3:21am Oct 22, 2020 3:21am
Quoting maflip
{quote} Trade Manager is approved just let them know. I got mine approved.
One EA down, several more to ask them to ok. lol. As long as they ok them all, I'm ok with it too.
  • #476
  • Oct 22, 2020 3:21am Oct 22, 2020 3:21am
Quoting Mtinifx
{quote} Join up or hit the highway mate
I got screwed by my order script bud. I entered stop loss amount incorrectly, instead of 150 for 15 pips. I entered 15 which equals 1.5 pips, result, script entered a small stop loss and huuugeeee lot size about 10x my average lol. Then it got stopped right away. I fucked up. I might get a red flag

How is your new trading going along? Do you still only trade gold?
  • #477
  • Oct 22, 2020 3:37am Oct 22, 2020 3:37am
Quoting Koop
{quote} Lol Make up your mind Mtini. Any comments or any positive encouraging comments? you friggin tyrant lol Alright, i'm going to pay for the funding talent 101 program just so you'll allow me legally hurt your feelings. Maybe the 25k aggressive option, at least that would let me earn 40% "bonus" monthly. Still shit compared to other options, but hey, the goal here is not the money. now let me settle down and try to understand what these weird rules mean : "Here are some examples of trading behaviour that we would deem inconsistent: Doubling...
Yes, very strange rules. Quite vague too. Do they not know that market changes it's behavior from one day to the next? Heck, from one second to the next. Market can do it but if vyou do it, you are gone in a flash. Maybe 2 flashes.

It's basically saying that you have to trade the way we like you to trade and with full control and oversight of your account, we'll tell you what you are doing right and not doing right at any moment we can interject based on our own definitions of how things should go. Oh, now that you know that, go ahead and trade any style you like.

How can they restrict and control your moves so closely and at the same time tell you that you can trade any style that you want?

I think the best people to be given funds to trade is themselves since they know so much.

Yup, they are jokes but as usual, there are traders I am guessing that can exist and do just fine under any directions that the none traders set. There are apparently very talented traders around that can manage to abide by all sorts of restrictions and still read the market correctly and come out on the correct side most of the time.... I'm out.

Getting banned from this thread soon...
  • #478
  • Oct 22, 2020 5:56am Oct 22, 2020 5:56am
Quoting maflip
{quote} I got screwed by my order script bud. I entered stop loss amount incorrectly, instead of 150 for 15 pips. I entered 15 which equals 1.5 pips, result, script entered a small stop loss and huuugeeee lot size about 10x my average lol. Then it got stopped right away. I fucked up. I might get a red flag How is your new trading going along? Do you still only trade gold?
Hi bro

Yes Gold and DAX. Going fine with my new 50k account but I traded double the amount of lots yesterday so I am also in the dark as to whether I've violated the rules!!

Sorry to hear about your mistake. I really do think that Myff have to start installing a matrix type record for each account so that we can all see what's going on. I suppose that I have to trade more lots now to average things out but it's all very hazy!

I emailed them yesterday about it but had no reply. Don't know if they were on holiday or something. Hope to hear something today and will let you all know
  • #479
  • Oct 22, 2020 6:08am Oct 22, 2020 6:08am
Quoting OutThere
{quote} Yes, very strange rules. Quite vague too. Do they not know that market changes it's behavior from one day to the next? Heck, from one second to the next. Market can do it but if vyou do it, you are gone in a flash. Maybe 2 flashes. It's basically saying that you have to trade the way we like you to trade and with full control and oversight of your account, we'll tell you what you are doing right and not doing right at any moment we can interject based on our own definitions of how things should go. Oh, now that you know that, go ahead and...
OutThere

No I'm not banning you as it appears that you have a Forextips or Myff account. Perhaps you could confirm?

If you have not, I must remind you that this is NOT a "commercial content" thread where people can run down the company/prop firm as they like. This is a journal which I decided to start regarding my journey with Myff / Forextips.

I did widen it out to any others who are trading a Myff/FT account so that they can also share their experience. Those are the parameters. What has happened over the last few days is that we've had morons (I'm not saying you are one of them) coming on to the thread running down these companies quite unfairly IMHO whilst they have absolutely no interest in opening an account with any one of them.

The point is that Myff and FT do pay out. There is lots of proof that they are paying out every two weeks and I still like the idea/concept. If anyone doesn't and prefers FTMO, etc., etc, he/she is quite welcome to post on THAT thread. NOT HERE

Hope you understand. Thanks
  • #480
  • Oct 22, 2020 6:25am Oct 22, 2020 6:25am
Quoting Mtinifx
{quote} Hi bro Yes Gold and DAX. Going fine with my new 50k account but I traded double the amount of lots yesterday so I am also in the dark as to whether I've violated the rules!! Sorry to hear about your mistake. I really do think that Myff have to start installing a matrix type record for each account so that we can all see what's going on. I suppose that I have to trade more lots now to average things out but it's all very hazy! I emailed them yesterday about it but had no reply. Don't know if they were on holiday or something. Hope to...
Why don't you use the excel sheet I uploaded here for now. Yeah I trade DAX too but it's been crazy lately. Some wild swings up and down. Just earlier it sunk hard then bounced from a daily support area.

I punched my screwed up trade actually in Excel, it's still within parameters. Thing is my DAX trading saved the day. I screwed up on a forex pair it entered 14 lots but my average lot size on DAX is from 20 to 30 so yeah due to my DAX trading it still averaged out.

Yeah DAX got some crazy swings right now. Careful with DAX at the moment. Actually all indices.
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