Just another thing that has to be cleared up is the lots traded aspect as far as DAX is concerned because one DAX lot is only one mini-lot (at least with some brokers). If they class one DAX lot as a normal lot then I'm in trouble too!
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DislikedJust another thing that has to be cleared up is the lots traded aspect as far as DAX is concerned because one DAX lot is only one mini-lot (at least with some brokers). If they class one DAX lot as a normal lot then I'm in trouble too!Ignored
DislikedJust another thing that has to be cleared up is the lots traded aspect as far as DAX is concerned because one DAX lot is only one mini-lot (at least with some brokers). If they class one DAX lot as a normal lot then I'm in trouble too!Ignored
Disliked{quote} 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...Ignored
Disliked{quote} By the way, double amount of lots is still within parameters. You are allowed to deviate -2 or +2 from your daily average. Use that excel I uploaded here to make sure.Ignored
Disliked{quote} Thanks pal I'm a bit confused about 1 DAX lot being equal to 1 normal lot but OK! Just wanted to ask you if about the excel calculation. Still one trading day left for this week right? Does the min and max lots/trades at the bottom reflect the min and max amount of lots/trades I can open tomorrow? So (see below) I can or must open trades for min 3 lots and max 12 lots and a min of 4.5 trades and a max of 17.5 trades. Hope that's right? {image}Ignored
Disliked{quote} Thanks pal I'm a bit confused about 1 DAX lot being equal to 1 normal lot but OK! Just wanted to ask you if about the excel calculation. Still one trading day left for this week right? Does the min and max lots/trades at the bottom reflect the min and max amount of lots/trades I can open tomorrow? So (see below) I can or must open trades for min 3 lots and max 12 lots and a min of 4.5 trades and a max of 17.5 trades. Hope that's right? {image}Ignored
Disliked{quote} If you trade the max lot and max trade on that sheet for day 5. Your Day one will be flagged. So stay below the max. Also, they just told me, calculations are done weekly, but all the weeks must also be within the consistency rule for a month. {image}Ignored
Dislikedyou was doing great. you are great trader.. keep good job just take care from small details. good luckIgnored
Disliked{quote} Good Job Man... All the best going forward. btw, care to share how much bonus was paid out to you both times? as i have read that they do not pay out amounts over $1000 and above.Ignored
DislikedHi Mtinifx, Following your thread with interest as you are doing something similar to me I also started using MyForexFunds last month or so ago. I'm documenting my own journey (since July) in my own thread and added MFF to the other prop firms I am also using. Couldn't resist the 'no monthly fees' offer last month and pleased with them so far. Though the consistency rule needs improvement I feel. But someone posted this ... {quote} To be honest can't see how this could be true for various reasons. But have you come...Ignored
Disliked{quote} Hi Freefox Nice to have you onboard here. Welcome! Totally agree with you about the consistency rule. I've email them about it and been promised that full matrix facility will soon be provided so that one can immediately check how many trades/lots one can trade on a certain day. Seems though that it's better to trade more then you want in the first day or so so that later if you need to trade more lots you can! No I have not come across that about max $1000. Quite sure the guy is wrong because I'm sure...Ignored
Disliked{quote} Hello my friend, I can make five percent profit per month, but I am worried about different accounts and companies. Do you suggest a place?Ignored
Disliked{quote} Hi amir Well I can recommend Myff because their customer support is excellent and I do think that they are in it for the long haul. They do pay out and that is for sure because guys who have posted on this thread and others who have posted on Facebook have been paid out OK. The consistency rule is/was a bit of a bugbear but in actual fact I think it's a good thing because it stops one from overtrading which was definitely one of my weaknesses! On the other hand it's not too constricting because they take one's average over a whole week and...Ignored
DislikedHere is my matrix for last week. As you can see, one has plenty of elbow room. Not so much the number of trades but the number of lots traded is the important thing. The consistency rule is not really a big problem I was going well but had a really bad day yesterday so I'm back to break even on my account. However I'm still in the game and that is most definitely the important thing! {image}Ignored
Disliked{quote} I have a similar spreadsheet to keep track of things. (Still hard though) But way I understand the consistency rules the 4 trades you took on Day 1 is below the minimum threshold for the week which comes out as minimum 5 trades per day.Ignored
Disliked{quote} Hello thank you I will trust you but what is link site ? I just need proof for withdraw I don't have problem with risk to reward and .....Ignored
DislikedHere is my matrix for last week. As you can see, one has plenty of elbow room. Not so much the number of trades but the number of lots traded is the important thing. The consistency rule is not really a big problem I was going well but had a really bad day yesterday so I'm back to break even on my account. However I'm still in the game and that is most definitely the important thing! {image}Ignored
Disliked{quote} What did they say about your Day 1? There is a violation already there. You made 4 trades but 5 should be your minimum.... Also, dont forget they calculate your weekly averages too. On a separate tab on that sheet enter your weekly averages. So your first week lot size avergae is 6.6, average trade 10.Ignored