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The5ers - Trading & Growth Program

  • #401
  • Oct 17, 2020 10:47am Oct 17, 2020 10:47am
Quoting ElectricSavant
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....
Ciao ES. Accidenti... immaginavo che eri un dinosauro del trading più vecchio di me (io ho iniziato nel 2003). Tu nel 2005 eri già un esperto.
I tuoi Links sono interessanti. Penso che l'attuale tua strategia sul conto privato, risalga a quei tempi, da quanto ho letto. È giusto però, che questo filo rimanga incentrato solo su The5%ers e il nostro trading con questa prop. Per tutte le altre e tante cose interessanti di cui possiamo discutere amichevolmente (e da parte mia con estremo piacere) troveremo altra sede opportuna. Preferibilmente in lingua Italiana. Devo solo conciliare il pochissimo tempo libero che ho, tra il trading manuale e le info che seguo già più volte al giorno e te. A presto.


Hello ES. Damn ... I figured you were an older trading dinosaur than me (I started in 2003). You in 2005 were already an expert.
Your Links are interesting. I think your current private account strategy goes back to that time from what I've read. It is only fair though, that this thread remains focused only on The5%ers and our trading with this prop. For all the other and many interesting things that we can discuss amicably (and for my part with great pleasure) we will find another suitable location. Preferably in Italian. I just have to reconcile the very little free time I have, between manual trading and the info I already follow several times a day and you. See you soon.
I've seen things you people wouldn't believe
  • #402
  • Oct 17, 2020 11:05am Oct 17, 2020 11:05am
My point with my private strategy was to illustrate the power of the 5%er's capital infusions and getting paid along the way. Also many traders think they must give up trading their private accounts which is not true.

Give the 5%er's a try !

commercia bene

ES

P.S. I cannot trade well discretionarily...that's why I search and search constantly for EA's. I always have three on deck transferring from demo to live. I do not backtest or curve-fit ...just forward test and stress test. I have a lot going on now...and now have a new criteria for introducing EA's to my Arsenal, thanks to the 5%er's


Quoting Trader-IT
{quote} Ciao ES. Accidenti... immaginavo che eri un dinosauro del trading più vecchio di me (io ho iniziato nel 2003). Tu nel 2005 eri già un esperto. I tuoi Links sono interessanti. Penso che l'attuale tua strategia sul conto privato, risalga a quei tempi, da quanto ho letto. È giusto però, che questo filo rimanga incentrato solo su The5%ers e il nostro trading con questa prop. Per tutte le altre e tante cose interessanti di cui possiamo discutere amichevolmente (e da parte mia con estremo piacere) troveremo altra sede opportuna. Preferibilmente...
  • #403
  • Oct 17, 2020 11:46am Oct 17, 2020 11:46am
Quoting doji
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.)
Hi Doji. I love Asia. Unsurpassed and unparalleled Essence in the World.
Given your thanks and the interest shown by several other traders in these indicators (post n° 354), today I add another important pearl.
Good life

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File Type: ex4 Indy EOS 1000pipsMINI-only gbpusd.ex4   19 KB | 205 downloads
I've seen things you people wouldn't believe
  • #404
  • Oct 19, 2020 2:03pm Oct 19, 2020 2:03pm
Forex Trading Room October 19 – 23, 2020

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

Today in The 5%ers trading room 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 discussed supply and demand levels, how they created, and who create these levels.
We are Forex traders - Come trade with us
  • #405
  • Oct 21, 2020 6:24am Oct 21, 2020 6:24am
Stop-loss is a preset place where an exit will occur if a price hits the number. stop losses are your best Insurance against runaway losses.

We’ve said it before and we’ll say it again: a successful trading career is built around effectively managing risk.
Traders who don’t take the proper precautions and who don’t plan for negative outcomes will quickly find themselves in situations that they’re unable to manage and escape from.
One of the most fundamental and basic tools that a trader has in order to avoid and guard against monumental loss are stop losses.

For the full article
We are Forex traders - Come trade with us
  • #406
  • Edited 10:59am Oct 21, 2020 10:18am | Edited 10:59am
5%er's,

If the stop loss is complied with and the drawdown is complied with...could the exposure rules of 5:1 be lifted?

The only reason I ask is not to test your patience but I have a Fractal EA that could be used successfully if the exposure rules were lifted. A lot of Forex EA's go long and short at the same time, even though as traders we understand that is just a waste of spread. The Forex world incorrectly calls this hedging. In other cases symbols that correlate oppositely from each other can be limited because of this exposure rule...I think you can see my point? I really do not want to get into that.

But the exposure rules of 5:1 with the 5%er's could at least take into account hedging or negative correlations or they could just be eliminated as the stop loss and drawdown will take care of your risk.

You will present a lean and mean simplified trading opportunity without affecting your risk if you would consider this change. There are some really good trades out there utilizing multiple symbols together as a basket that could be realized by opening up the playing field a bit to the basket, spread and correlation traders out there.

ElectricHighFiveSavant
  • #407
  • Oct 22, 2020 4:06am Oct 22, 2020 4:06am
Quoting ElectricSavant
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. 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.
Every account I've managed in the past always used a HWM. It allows for profit splits to take place without having to reset the entire account. A % based trader like myself, after taking a loss, the monetary amount of my % risk would be slightly smaller, but after a win its slightly higher, which in turn means my RR's profits are also higher. So people can go through the growth progression to 10% slightly quicker.

I wouldn't say its necessarily there to be used up in baskets though because the max exposure rule doesn't change. But I do think he's trying to save people that maybe are using those baskets/martingale/grid trading, or those that keep moving their SL, to just survive for that extra 20 or 30 pips. I'm sure it'll save someone, the real question is will they have learned their lesson, if not it'll just happen again. And of course for others that may just hit a nasty stretch of losses, they'll have some buffer. Either way, its a positive well-balanced small adjustment; but quite an impactful one.
The best strategy is a profitable one.
  • #408
  • Oct 26, 2020 10:29am Oct 26, 2020 10:29am
Forex Trading Room October 26 – 30, 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 discussed a buy position on NZD/USD and a sell position on USD/JPY which both remains about breakeven while we end the trading room for today, We discussed other pairs also and look for the intraday opportunity but couldn't find some for this time. We also remind that this week can be riskier for swing and long terms traders due to the elections in the US.
We are Forex traders - Come trade with us
  • #409
  • Oct 28, 2020 8:22am Oct 28, 2020 8:22am
Why Taking a Loss is the Most Difficult Thing to Do in Trading

How do you feel when taking a loss? Do your stomach churn and heart palpitate? The feeling after a loss can linger for minutes, hours, and sometimes days. Taking a loss is definitely not as fun as taking home the trophy. But if we, as traders, can understand why it is so much more difficult to take a loss in our profession, rather than to take a loss in another profession - we may be able to understand and accept the situation more easily.

Taking a loss in the trading game is no fun. How can traders take their losses in their stride without it impacting them emotionally and mentally.

For the full article click here
We are Forex traders - Come trade with us
  • #410
  • Oct 28, 2020 3:03pm Oct 28, 2020 3:03pm
Sorry for making a question out of context, I am interested in trading with the5ers but something has me confused on the website when it says min. 40 positions, I ask in what time period do I habe to open 40 positions?
do I have to open 40 positions at the same time?
thank you in advance for any information.
  • #411
  • Oct 28, 2020 6:26pm Oct 28, 2020 6:26pm
Hi, Pips-RD.

All it means is that you're required to execute at least 40 trades during the six-month evaluation period.
Amor Fati--F. Nietzsche
  • #412
  • Oct 29, 2020 9:32am Oct 29, 2020 9:32am
Thank you very much!
  • #413
  • Oct 30, 2020 8:22am Oct 30, 2020 8:22am
Rob Booker Interviewing Gil Ben-Hur from The5%ers Funding Forex Traders & Growth Program.

Inserted Video
We are Forex traders - Come trade with us
  • #414
  • Edited Oct 31, 2020 10:23am Oct 30, 2020 12:29pm | Edited Oct 31, 2020 10:23am
Thank You Gil Ben-Hur for this video of your interview with Rob Booker.

This really helps to understand more about your firm and legitimizes your vision that your industry has tainted. Every new trader, contractor & employee should see this interview before they start.

I really identified with your Scenario Based Mngm't. I get to see "The Trading Narrative" in action unfolding in the 5%er's trading room on live charts Mon - Thurs.

Like you, I am not a competitive guy and trading is not about making the perfect trade... it is about trading your plan and taking what you want. I am glad you do not go the competitive route with community trading ideas, rooms and reporting. Please do not put a traders rank in the backend (that info should be for your edification as a firm owner not to be shared with the traders). You have hinted there may be some changes but I can hope to keep it individualized. You have 600 active traders and 120 traders that have made it out of evaluation with one at 500K., but I am not competing with them as I am just surviving and trading what I want. I am not even competing with myself anymore. I want to learn a plan and decide what I want. One thing that was said about advancing with more capital making it harder to get 10%...why? That part is mathematical and the trader simply applies the increase to his trade size...he still trades the same and thinks in PIPs.

In the interview I do not think Rob grasped the power of not having the trading profits payed out deducted from the trading progression used to advance capital with. Rob sort of rolled over that without understanding it I think. You see as a trader who trades his own money I always have struggled with the question...do I withdraw my profits or do I let it stay in my account to compound? You have solved that. Also, I noted the interview must have taken place before the new DD rules (not from high water mark anymore).

I have changed strategies several times in my evaluation and am all over the place but I have learned that I have not changed plans. I am trying to get the "strategy-shoe" to fit the plan. There is nothing like a good fitting shoe. The plan is the 4% DD, 5:1 Exposure and 1.5% SL. Actually, understanding Supply & Demand being taught in the Trading Room fits the plan really good. I want to start fresh and trade like that with "Scenario Based Management" and get consistent. If all of your traders chose that path... well, that would not be good for your private funds trading diversity...but I got to do what I got to do. I have requested a meeting with Saul L. I have turned all my charts to a white background w/black & white Candlesticks and removed all indicators and changed from dollars to pips...hehe.

I am ready to trade Supply & Demand with Gil's "Set and Forget" trades and Saul's scalping trades. I understand that the "Set & Forget" trades always have to be revisited to see the new "Market Narrative" unfolding. I have burnt through half of my drawdown limit so I must be careful and most likely I will need an extension of time (exp in March 2021) to make it through the evaluation. But if I cannot get the extension I will pay the $275.00 again, no problem.

You see, I want a trading career and I have dreams. The 5%er's does not capitalize off of the dreams of traders with their illusions of grandeur and such. The 5%er's take a risk on you because they need talented traders. They prove it everyday in the trading room and their blogs and info on their website. Think about this...when you get out of the evaluation level and advance to 4 times your capital the 5%er's are no longer covered with the fee that you paid...the risk is on them now. It's never too late traders...I am 62 years old and have traded a longtime. I have learned it's all about capital...listen to the interview.

Wish me luck,

ES

Quoting The5ersTF
Rob Booker Interviewing Gil Ben-Hur from The5%ers Funding Forex Traders & Growth Program. https://www.youtube.com/watch?v=8zvAWJgs-5I
  • #415
  • Oct 31, 2020 3:05am Oct 31, 2020 3:05am
Hey @ElectricSavant
The interview was indeed a few weeks ago, since then we have already doubled the number of traders, and also changed the programs to absolute, there will be some more changes that we are working on ...
Thank you very much for the kind words!
We are Forex traders - Come trade with us
  • #416
  • Oct 31, 2020 4:37am Oct 31, 2020 4:37am
Quoting ElectricSavant
5%er's, If the stop loss is complied with and the drawdown is complied with...could the exposure rules of 5:1 be lifted? The only reason I ask is not to test your patience but I have a Fractal EA that could be used successfully if the exposure rules were lifted. A lot of Forex EA's go long and short at the same time, even though as traders we understand that is just a waste of spread. The Forex world incorrectly calls this hedging. In other cases symbols that correlate oppositely from each other can be limited because of this exposure rule...I think...
Hello Mr. Savant
Since you are trading the 5ers account, can you please tell us about the server performance and the spreads/commissions? Is it comparable with Pepperstone or Tickmill? Can you please share your thoughts on this?
  • #417
  • Oct 31, 2020 7:33am Oct 31, 2020 7:33am
Quoting ElectricSavant
Thank You Gil Ben-Hur for this video of your interview with Rob Booker. This really helps to understand more about your firm and legitimizes your vision that your industry has tainted. Every new trader, contractor & employee should see this interview before they start. I really identified with your Scenario Based Mngm't. I get to see "The Trading Narrative" in action unfolding in the 5%er's trading room on live charts Mon - Thurs. Like you, I am not a competitive guy and trading is not about making the perfect trade... it is about trading your plan...
62, Wow. Come off as very vibrant, must be living a good life. More power to you!!
  • #418
  • Edited 10:32am Oct 31, 2020 9:24am | Edited 10:32am
I hear a lot about Pepperstone and Tickmill. You see I am in the USA and those two do not allow us to hire them and they do not solicit us because of our regulations here. The 5%er's has actually opened up the leverage here in the USA! This Dodd-Frank Bill and Pattern Day Trading rules must go, but I digress.

As far as the spreads they are incredible, however I noticed that they take a little longer to squeeze together when the weekend comes back...but when they do it is dramatically better than I am used to (ECN 0.01 has a 4 cent commish) on the 28 pair. They will widen at certain times as the others do. I have heard rumors that the 5%er's will allow trading in Gold (XAU/USD) but it is not in the symbols list.

The fast speed at which my VPS and their itexsys MT4 platform communicate may be because of the location of my VPS (Amsterdam). Funny though...I do not need a VPS when I transition over to "Supply and Demand" trading as my limit orders are not dependent upon MY SERVER.

I often have thought if I could just do my personal trading over at the 5%er's that it could be good but then again its good not to have everything together and I do not think that the regulations would permit it. They are not a dealer.

ES

P.S. I would like MT5 when the 5%er's can get it from itexsys.

Quoting vinforex7
{quote} Hello Mr. Savant Since you are trading the 5ers account, can you please tell us about the server performance and the spreads/commissions? Is it comparable with Pepperstone or Tickmill? Can you please share your thoughts on this?
  • #419
  • Edited 9:54am Oct 31, 2020 9:33am | Edited 9:54am
TY Koop. I have a wife of 32 years...that is all that matters. Forex Factory is a wonderful community in which I spend a lot of time with. Forex keeps me nimble-minded and focused....I am going to crack the code of Forex...eventually before I die. My Life moves like Forex has, randomly!...but trends do exist to remind me that the noise of Chaos and Random Walk do not dominate.

ES

Quoting Koop
{quote} 62, Wow. Come off as very vibrant, must be living a good life. More power to you!!
  • #420
  • Edited 10:26am Oct 31, 2020 9:50am | Edited 10:26am
I know this is all luvy-duvy...but Sir Thank You for what you are doing for Traders. I am the sort of person that must believe in what I am doing...I do best then. Now enough of this...get back to work.

Es

P.S. wow...doubled in just a few weeks? You are going to need admin support all over the world. I hope you can handle these growing pains. Let me know if I can help but I am a trader first.

Quoting The5ersTF
Hey @ElectricSavant The interview was indeed a few weeks ago, since then we have already doubled the number of traders, and also changed the programs to absolute, there will be some more changes that we are working on ... Thank you very much for the kind words!
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