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The5ers - Trading & Growth Program

  • #461
  • Nov 5, 2020 7:05am Nov 5, 2020 7:05am
Hey Gil, what are the other changes that happened in October and you didn't tell us?
  • #462
  • Nov 5, 2020 7:14am Nov 5, 2020 7:14am
Quoting The5ersTF
{quote} Hey TrendLover You can't merge the account together.

Hey Gil, why can't the funded accounts be merged? If I can use the strategy I want, then I will use an EA to copy the transactions to the other accounts and that would be the same as having the accounts merged. With the difference that we would have 3 instances of MT4 consuming more computer resources instead of just 1 instance, making the job more practical.
  • #463
  • Nov 5, 2020 7:23am Nov 5, 2020 7:23am
Quoting TrendLover
Hey Gil, what are the other changes that happened in October and you didn't tell us?
Soon we will add new programs that I am sure you all be excited about them
We are Forex traders - Come trade with us
  • #464
  • Nov 5, 2020 7:27am Nov 5, 2020 7:27am
So for you by having three accounts you are trying to get more capital to trade Correct? It's not really about segregating trading methods/styles.

ES

P.S. I wish I had one profitable and consistent trading method that I could have confidence in...let alone 3 lol

Quoting TrendLover
{quote} Hey Gil, why can't the funded accounts be merged? If I can use the strategy I want, then I will use an EA to copy the transactions to the other accounts and that would be the same as having the accounts merged. With the difference that we would have 3 instances of MT4 consuming more computer resources instead of just 1 instance, making the job more practical.
  • #465
  • Nov 5, 2020 7:48am Nov 5, 2020 7:48am
Quoting ElectricSavant
So for you by having three accounts you are trying to get more capital to trade Correct? It's not really about segregating trading methods/styles. ES P.S. I wish I had one profitable and consistent trading method that I could have confidence in...let alone 3 lol {quote}

Yes, just more capital.
-

I believe that the more methods, strategies, styles, the more random your results will be. More stress, worry, mistakes, doubts.
It is easier for you to be consistent while operating always the same currency pair, than several at the same time, with different timeframes, different ideas in your head, etc.
Unless you're a robot.
  • #466
  • Edited 8:39am Nov 5, 2020 8:03am | Edited 8:39am
Trendlover,

Thank You for your answer. Obviously, you have a good system that you have confidence in. You are tripling your acceleration into 3.6 million to trade. You are trying to avoid unnecessary trade copying across all three accounts, which is understandable.

The 5%er's want diversity in trading or they would just trade their own fund. Gil, Snir and Saul could probably just trade themselves and get a yield on the fund. Snir and Gil have chosen to open a company and expand. I do not know why as they can make enough profit themselves.

Trendlover you have presented a scenario in which the 5%er's really must study. I seem to get the hint that these new programs that are coming may deal with this.

ES

Quoting TrendLover
{quote} Yes, just more capital. - I believe that the more methods, strategies, styles, the more random your results will be. More stress, worry, mistakes, doubts. It is easier for you to be consistent while operating always the same currency pair, than several at the same time, with different timeframes, different ideas in your head, etc. Unless you're a robot.
  • #467
  • Nov 5, 2020 8:21am Nov 5, 2020 8:21am
Quoting TrendLover
{quote} Hey Gil, why can't the funded accounts be merged? If I can use the strategy I want, then I will use an EA to copy the transactions to the other accounts and that would be the same as having the accounts merged. With the difference that we would have 3 instances of MT4 consuming more computer resources instead of just 1 instance, making the job more practical.
Hey TrendLover

Basically, the idea that each funded account should represent a unique trading activity. This was the reason we were restricting multiple accounts in the past. We have changed that because people want to demonstrate more strategies at the same time.

This is the risk management of the fund. Remember that the purpose of the fund is to scout for good consistent traders. The extra funding will be given upon demonstrating the strategy.
We are Forex traders - Come trade with us
  • #468
  • Nov 5, 2020 8:54am Nov 5, 2020 8:54am
Quoting ElectricSavant
Trendlover, Thank You for your answer. Obviously, you have a good system that you have confidence in. You are tripling your acceleration into 3.6 million to trade. You are trying to avoid unnecessary trade copying across all three accounts, which is understandable. The 5%er's want diversity in trading or they would just trade their own fund. Gil, Snir and Saul could probably just trade themselves and get a yield on the fund. Snir and Gil have chosen to open a company and expand. I do not know why as they can make enough profit themselves. Trendlover...

As entrepreneurs, I believe they want (or should want) above all, return on investment and security.
If you have hundreds or thousands of traders working for you, there won't be hundreds or thousands of unique strategies, most of them without knowing it, will end up using similar or equal methods. it doesn't really matter which and how many strategies each of them is using. What matters is whether they are making a profit safely.
Diversifying just for diversifying is not logical. What can be behind this is the lack of confidence, the fear of losing and the desire to seize all opportunities at the same time.
  • #469
  • Nov 6, 2020 5:51am Nov 6, 2020 5:51am
Exclusive version for The5%ers

Others of the same series:
https://www.forexfactory.com/thread/...1#post13203361
https://www.forexfactory.com/thread/...1#post13219061

Trading with the trend is convenient. Trading with the trend and strength is even better. Two is better than one .

How this "currency meter" works:
the scale varies from 0 to 9.
=< 2 red color. Particular weakness of the currency, compared to the other 7
=> 7 blue color. Particular strength of the currency, compared to the other 7.

This type of indicator, was among the first that appeared in my arsenal of used tools and was never lacking on my monitors, whatever strategy/technique/style I used.

Until December 2019, I worked (always and only) with a couple. The display was (always and only) with 4 charts: 1 for a dashboard consisting of several "information" indicators and three windows with different display times ... the classic MTF system.
Since January (after 8 years) thanks (and only thanks) to a deep experience and familiarity with my whole system, I have (also) switched to checking multiple currencies.

In the following image, the example of ONE screen of my HardWare, which (of course) contains ONLY this indicator.
On the single pair chart, I can instantly see the strength ratio between the currencies making up the pair. In a separate window of ONE dashboard, I can instead see the total ratio between all currencies.

Attached Image (click to enlarge)
Click to Enlarge Name: finestra.png Size: 100 KB


This, works for me and is not advice. Just one of the many possibilities of using the mini "currency meter", both full and small.
I hope this is all useful to someone. If he were even just a trader, my goal has been achieved.

Ps:
My work is not based solely on this indicator.
Attached Image
Attached File(s)
File Type: ex4 Indy EOS 1000pipsMINI-only audjpy.ex4   19 KB | 203 downloads
I've seen things you people wouldn't believe
  • #470
  • Nov 6, 2020 12:20pm Nov 6, 2020 12:20pm
Full time trader David explains how he Adapted his parameters to the5ers evaluation and got funded.

Inserted Video


David.A, 24 from Ireland, successfully passed our evaluation program with a great trading plan and has become a forex funded trader.
Since The5ser's evaluation is on a real account, he is already got paid.
He is now one of our funded traders and is trading with a 52K forex funded account on our platform.
His next mission is to reach 10% of profit and double his funds to 104K.

Watch the Interview with Funded Trader Leonardo Who has already doubled his account twice and is on his way to a 320K account:
Inserted Video


If you want to receive an invitation to our live webinars, trading ideas, trading strategy, and high-quality forex articles, sign up for our Newsletter: https://the5ers.com/subscribe/

Find out more about The5ers Funding traders & Growth program:
https://the5ers.com/
We are Forex traders - Come trade with us
  • #471
  • Nov 9, 2020 7:06am Nov 9, 2020 7:06am
Synergy Traders Event - LIVE Online, 1-Day Event:

Tech Wizards

Join us for this huge event. This is your best chance to learn about some of the best software, tools, and platforms for improving your trading.

Reserve Your Spot Now!

https://the5ers.com/get-started/tech-wizards/
We are Forex traders - Come trade with us
  • #472
  • Nov 9, 2020 9:21am Nov 9, 2020 9:21am
Forex Trading Room November 2 – 6, 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 looked at PFIZER and the vaccine for covid. Also about Snp500.

We look for opportunities on EUR/USD and took some trades on it.

you can look for weekly ideas on out trading view channel: https://uk.tradingview.com/u/the5erstrading/
We are Forex traders - Come trade with us
  • #473
  • Nov 9, 2020 10:32am Nov 9, 2020 10:32am
I was able to follow along with my own trade in the EUR/USD mirroring Saul's live trade. I got out with 13 pips before it went against me like a rock... But the borders were drawn and I knew what I had to do. I brought my trade up to BE +13 a little faster than Saul did because I am a chicken!

Es

Quoting The5ersTF
Forex Trading Room November 2 – 6, 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 looked at PFIZER and the vaccine for covid. Also about Snp500. We look for opportunities on EUR/USD and took some trades on it. you can look for weekly ideas on out trading view channel: https://uk.tradingview.com/u/the5erstrading/...
  • #474
  • Nov 11, 2020 7:06am Nov 11, 2020 7:06am
Do you really have what it takes to be your own trading boss? - This article will help you be an independent Forex trader.

Imagine the freedom of being your own trading boss. You get to work when you want, how you want, and where you want. You’re free to take risks and chances without the peripheral gaze of overbearing authority. Everything is planned, implemented, and followed upon by you. But while this is true, it might not be as glamorous as you imagine.
The reality is many people who become their own bosses as traders, immediately fall into a well-laid trap. The most successful and disciplined traders have devised effective plans to work for themselves but the truth is, most of us don’t have what it takes to self-discipline, self motivate, and self-correct in a profession that can be incredibly lonely and unsure. No other skill job would require its occupants to go it alone without coaches, trainers, and experts to constantly rely on. But trading is different and exceedingly lonely. It doesn’t take much for ill-prepared traders to end up lost in their own heads and ultimately failing.

For the full article
We are Forex traders - Come trade with us
  • #475
  • Nov 13, 2020 9:42am Nov 13, 2020 9:42am
Swing trader Martijn got funded with The5ers using supply and demand strategy

Inserted Video
We are Forex traders - Come trade with us
  • #476
  • Nov 16, 2020 2:07am Nov 16, 2020 2:07am
@The5ers...

I was browsing the Risk Management Requirements on this page:
https://the5ers.com/trading-career/p...ms-conditions/

There is an example calculaton for how StopLoss percent is calculated -- but I think there is a typo:

Example: Current Account balance is 10,500, a sell 0.20L GBP/USD position opened at price 1.3560. Stop-loss is set to 1.3615.
Conclusion: Stop loss value = 100 x 100,000 x 0.20 x ABS (1.3560 – 1.3615) / 10,500 = 200,000 x 0.0055 / 10,500 = 1.05%.

It's been over 40 years since my last math class, and assuming the same rules apply, then I think 100 x 100,000 x 0.20 equals 2,000,000, not 200,000...
  • #477
  • Edited 2:50am Nov 16, 2020 2:39am | Edited 2:50am
Quoting robots4me
@The5ers... I was browsing the Risk Management Requirements on this page: https://the5ers.com/trading-career/p...ms-conditions/ There is an example calculaton for how StopLoss percent is calculated -- but I think there is a typo: Example: Current Account balance is 10,500, a sell 0.20L GBP/USD position opened at price 1.3560. Stop-loss is set to 1.3615. Conclusion: Stop loss value = 100 x 100,000 x 0.20 x ABS (1.3560 – 1.3615) / 10,500 = 200,000 x 0.0055 / 10,500 = 1.05%. It's been over 40 years since my last math class,...
Hey @robots4me
Thank you!
Your memory is still sharp!
We will correct this right now
We are Forex traders - Come trade with us
  • #478
  • Nov 16, 2020 8:29am Nov 16, 2020 8:29am
The5eres Aggressive programs are here! No Rules - No Restrictions. Instant Funding!

Inserted Video
We are Forex traders - Come trade with us
  • #479
  • Edited 9:45am Nov 16, 2020 8:37am | Edited 9:45am
Getting the no stop loss option (Aggressive version) is expensive...be careful traders.

The much higher "Target" and much shorter "Maximum Time" in the "Aggressive" version compared to the "Low Risk" version causes the trader to accelerate thus he seeks higher leverage in the "Aggressive" version. The "Aggressive" version has the same Max Absolute Drawdown causing it to be a recipe for failure.

It seems to me the "Aggressive" version should offer a higher "Max Absolute Drawdown"...for a fee of course.

Note to The 5%er's: If you want to keep fees low then at least have the same 180 days "Max Time" in the "Aggressive" version. The 180 days does not increase the 5%er's risk does it? Both of your programs are hard and requires a good trader...but making the "Aggressive" version impossible should not be the goal and can only hurt your image.

ES

P.S. In my opinion just remove the stop loss and have just one version. Your risk would not be increased if you have loss limit safeguards in your platform. As long as your fees are structured in a way (I do not even know if its possible...but I can take a look at it) to cover your risk during and after evaluation is all that should matter...but no one asked for my opinion, so I will shut up now as it is not my place. I just care about traders and I do not want The 5%er's to slip into a fee catching scheme.


Quoting The5ersTF
The5eres Aggressive programs are here! No Rules - No Restrictions. Instant Funding! https://www.youtube.com/watch?v=cO7VzNWzBaM
  • #480
  • Nov 16, 2020 9:57am Nov 16, 2020 9:57am
I've recently begun following this thread and have been impressed with how responsive @the5ers have been to explaining their business and rules, answering questions and even providing new content -- like in the form of videos. And, yet, there are whiners. I don't get it. Is it the whiners think the folks at @the5ers are idiots and are looking for advice how to run their business? Is it the whiners think they know more about @the5ers business and feel compelled to let everyone know that? If the whiners know more than @the5ers then why wouldn't they just go start their own business and apply whatever rules they want?

I get that there will be questions, and the @the5ers have gone to great lengths to answer them. But why do I have to sift through so many posts where whiners tell @the5ers how to better run their business? It's not that the whiners aren't smart fellas -- just that they need to grow up. When I used to play baseball I would sometimes argue with the umpire about a called 3rd strike. And as I was being escorted off the field there would usually be one who gently explained to me that in baseball you get 3 strikes and if I didn't like the rules then there were other sports. I mean, if you don't like the rules then choose a different game.

I don't think this thread was intended to be about FF members advising @the5ers how to run their business but, rather, FF members learning about @the5ers. I don't know -- perhaps I'm mistaken -- wouldn't be the first time...
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