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The5ers - Trading & Growth Program

  • #481
  • Nov 16, 2020 10:16am Nov 16, 2020 10:16am
Your absolutely right....no more help from me. Have a good day...

ES

Quoting robots4me
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...
  • #482
  • Nov 16, 2020 10:25am Nov 16, 2020 10:25am
Hello, I wanted to check, it seems that during evaluation, we cannot trade XAU/USD?

Thanks.
Yvonne.
  • #483
  • Nov 16, 2020 10:32am Nov 16, 2020 10:32am
Quoting ElectricSavant
Getting the no stop loss option (Aggressive version) is expensive...be careful traders. {quote}
Dear EC

We have just announced the new Aggressive Programs in addition to our good 'n old low-risk programs. The new aggressive program is the outcome of having this chat with all of you good fellas in this forum and other ones as well. We have collected many ideas and wants that were discussed on this thread in the past few months, and we hope that we have managed to provide more avenues for more trading styles.

I believe Low Risk is the way to maintain a steady trading career. There is no one way to skin the market, and we want to be able to cater to more traders' personalities. We have created a more freestyle-like plan, where they can out leash their success within the The5ers community.

Adding aggressive programs also brings an opportunity for the classic low-risk plans. Starting from now, we resign from policing our risk management guidelines. There will be no enforcement from our side regarding the recommended risk management guidelines. Instead, whoever is not aligned with the recommended risk guidelines, will be automatically shifted for the aggressive mode. We assure this will definitely reduce the failure rate while providing a better ruling environment for traders who fail to follow risk measures.

The bottom line, we have opened a new avenue for traders who seek more trading freedom. The good old programs stay available with improved risk tolerance. We believe our relationship with our struggling traders will be improved by doing so, and we hope to meet many new traders that their strategy didn't fit before to our program, and now it does.

High 5

Gil
We are Forex traders - Come trade with us
  • #484
  • Nov 16, 2020 10:56am Nov 16, 2020 10:56am
Gil,

TY but I will not be "whining" anymore...sheesh. It's funny you try to help traders and get slapped for it...I can help so many...but not in this thread.

I do not need any of this shit from anonymous wonderboys.

ES

Quoting The5ersTF
{quote} Dear EC We have just announced the new Aggressive Programs in addition to our good 'n old low-risk programs. The new aggressive program is the outcome of having this chat with all of you good fellas in this forum and other ones as well. We have collected many ideas and wants that were discussed on this thread in the past few months, and we hope that we have managed to provide more avenues for more trading styles. I believe Low Risk is the way to maintain a steady trading career. There is no one way to skin the market, and we want to be able...
  • #485
  • Nov 16, 2020 11:05am Nov 16, 2020 11:05am
Quoting ElectricSavant
Gil, TY but I will not be "whining" anymore...sheesh. It's funny you try to help traders and get slapped for it...I can help so many...but not in this thread. I do not need any of this shit from anonymous wonderboys. ES {quote}
@ElectricSavant -- I get that you are interested in @the5ers. But less than 30 seconds after they announce a new program you're advising traders to "be careful". Really? That's help? And you follow that with a highlighted "Note to The 5%er's" advising them how to structure their fees. That post came across more like you were telling them how to run their business and not so much about trying to help traders.

You haven't even explored their new program. Would it be so hard to ask a question or two at first before advising them where they've gone wrong and warning-off traders (under the pretense of "helping them")?
  • #486
  • Nov 16, 2020 11:09am Nov 16, 2020 11:09am
Try reading wonderboy...

I am in the evaluation program for several months now and have posted (too much) to this thread. I expect an apology...

ES

P.S. I knew about the changes one hour before because I am in the trading room unlike you.

Quoting robots4me
{quote} @ElectricSavant -- I get that you are interested in @the5ers. But less than 30 seconds after they announce a new program you're advising traders to "be careful". Really? That's help? And you follow that with a highlighted "Note to The 5%er's" advising them how to structure their fees. That post came across more like you were telling them how to run their business and not so much about trying to help traders. You haven't even explored their new program. Would it be so hard to ask a question or two at first before advising them where they've...
  • #487
  • Nov 16, 2020 11:15am Nov 16, 2020 11:15am
Quoting ElectricSavant
Try reading wonderboy... I am in the evaluation program for several months now and have posted (too much) to this thread. I expect an apology... ES {quote}
"I am in the evaluation program for several months now and have posted (too much) to this thread. I expect an apology"

@ElectricSavant -- an apology for posting too much? Okay -- I'm sorry you are posting too much...
  • #488
  • Nov 16, 2020 11:19am Nov 16, 2020 11:19am
Ok....you got it...bye bye..no more help from me.

Es

Quoting robots4me
{quote} "I am in the evaluation program for several months now and have posted (too much) to this thread. I expect an apology" @ElectricSavant -- an apology for posting too much? Okay -- I'm sorry you are posting too much...
  • #489
  • Nov 16, 2020 11:20am Nov 16, 2020 11:20am
Quoting ElectricSavant
Ok....you got it...bye bye..no more help from me. Es {quote}
@ElectricSavant -- what? Did I say something wrong?
  • #490
  • Nov 16, 2020 11:47am Nov 16, 2020 11:47am
Quoting ElectricSavant
Gil, TY but I will not be "whining" anymore...sheesh. It's funny you try to help traders and get slapped for it...I can help so many...but not in this thread. I do not need any of this shit from anonymous wonderboys. ES {quote}
What is your problem? Stop whining. What help did you exactly offer? Nothing, going through your comments, all you do is complain like a child. Stop your whining, you want to cry, cry to mommy, and share something that is useful with forex. If you want to whine and complain, get out of here, no one needs that kind of attitude. Understood? Good.
  • #491
  • Nov 16, 2020 12:05pm Nov 16, 2020 12:05pm
Quoting Techanalyst
{quote} What is your problem? Stop whining. What help did you exactly offer? Nothing, going through your comments, all you do is complain like a child. Stop your whining, you want to cry, cry to mommy, and share something that is useful with forex. If you want to whine and complain, get out of here, no one needs that kind of attitude. Understood? Good.
@Techanalyst -- I just now checked your profile and your favorite quote (from Mark Minervini):

"To become a great trader, you have to admit you suck, find someone great and shut up and listen. If your own ideas were good you would be rich. The best advice is the advice you don't agree with and find hard to do. Commit to a new way of thinking and stop looking for validation."

What an amazing concept -- a combination of truth, modesty and a true desire to learn and get better.
  • #492
  • Nov 16, 2020 12:26pm Nov 16, 2020 12:26pm
Quoting robots4me
{quote} @Techanalyst -- I just now checked your profile and your favorite quote (from Mark Minervini): "To become a great trader, you have to admit you suck, find someone great and shut up and listen. If your own ideas were good you would be rich. The best advice is the advice you don't agree with and find hard to do. Commit to a new way of thinking and stop looking for validation." What an amazing concept -- a combination of truth, modesty and a true desire to learn and get better.
"Money is made by sitting, not trading."

Jesse Livermore.
  • #493
  • Nov 16, 2020 12:50pm Nov 16, 2020 12:50pm
Haha c'mon guys, go easy on Savant. He's a bit more enthusiastic than most and seems to be really excited about this whole prop trading opportunity. It's okay.

I also understand his point about the new aggressive model. While I'm actually quite excited to see the increase in leverage (very welcomed development), I think he's saying that noobs who were already having or may have a hard time with the regular package may be better off not going for the aggressive one as it would put more strain and in reaching the larger target also causing them to risk more than usual thanks to the higher leverage.

So long as he's polite and constructive about it, let him also be free to relay his thoughts and SUGGESTIONS to the team if he thinks they could benefit himself and others, after all, the changes and improvements the 5ers have been making so far have come as a result of suggestions from clients such as Savant whom they wish to serve.
  • #494
  • Nov 16, 2020 2:51pm Nov 16, 2020 2:51pm
Quoting robots4me
{quote} @ElectricSavant -- what? Did I say something wrong?
Steve... message from Mood and Blue...what are you doing in here?
How about building an indicator that can help those trading with prop firms, account analysis. warnings of over trading etc.
That should slow you down by about 5 mins....
  • #495
  • Edited Nov 17, 2020 4:58am Nov 16, 2020 2:57pm | Edited Nov 17, 2020 4:58am
Quoting Koop
Haha c'mon guys, go easy on Savant. He's a bit more enthusiastic than most and seems to be really excited about this whole prop trading opportunity. It's okay. I also understand his point about the new aggressive model. While I'm actually quite excited to see the increase in leverage (very welcomed development), I think he's saying that noobs who were already having or may have a hard time with the regular package may be better off not going for the aggressive one as it would put more strain and in reaching the larger target also causing them to...
@Koop -- your posts are great -- so, yes, @ElectricSavant is entitled to all the space and breathing room he requires. And how about him extending the same courtesy to @the5ers. Within 30 seconds of @the5ers announcing a new product @ElectricSavant is waving people away from it. @the5ers is a business -- yes, they may also want to make the world a better place -- but their primary goal is to make money. @ElectricSavant unnecessarily harms their promotion by immediately posting warnings in a public forum. Not only is he completely oblivious to the harm he causes them, he considers the rest of us idiots. Most of us here have on our big boy pants, so I'd prefer to hear more about @the5ers new product -- but from @the5ers and not from @ElectricSavant. And that was the purpose of my earlier post.
  • #496
  • Nov 16, 2020 3:00pm Nov 16, 2020 3:00pm
Quoting moodybot
{quote} Steve... message from Mood and Blue...what are you doing in here? How about building an indicator that can help those trading with prop firms, account analysis. warnings of over trading etc. That should slow you down by about 5 mins....
Hey Andy -- what do you think I'm currently working on? Shhhhh -- it's a secret...

"That should slow you down by about 5 mins...."
Can't slow down -- time isn't on my side, like it is for you young whipper-snappers...
  • #497
  • Nov 16, 2020 3:02pm Nov 16, 2020 3:02pm
Quoting robots4me
{quote} Hey Andy -- what do you think I'm currently working on? Shhhhh -- it's a secret...
I expect it on my desk within the hour!!
  • #498
  • Nov 17, 2020 6:59am Nov 17, 2020 6:59am
Well Koop... posts like yours seems to make my efforts worthwhile. I must take a break from posting in this thread as this is the 5%er's thread not mine. Also I must concentrate on passing my evaluation without distraction.

It's funny when writing in threads it is hard to capture feelings and intent. I only want to help traders and yes I have found a company (The 5%er's) that I can believe in. But enough of that now.

Thank you readers. If you need any help or clarification of this program and the 5%er's are unavailable I am here to help.

See you in the Trading Room
ElectricSavant

Quoting Koop
Haha c'mon guys, go easy on Savant. He's a bit more enthusiastic than most and seems to be really excited about this whole prop trading opportunity. It's okay. I also understand his point about the new aggressive model. While I'm actually quite excited to see the increase in leverage (very welcomed development), I think he's saying that noobs who were already having or may have a hard time with the regular package may be better off not going for the aggressive one as it would put more strain and in reaching the larger target also causing them to...
  • #499
  • Nov 17, 2020 8:19am Nov 17, 2020 8:19am
[COLOR=rgba(0, 0, 0, 0.87)]The5ers Funded Traders Growth Process [/color]

Inserted Video
We are Forex traders - Come trade with us
  • #500
  • Edited 2:58pm Nov 17, 2020 2:20pm | Edited 2:58pm
WARNING: This is a fairly long post so if you have a short attention span then grab a cup of coffee and have espn.com handy. Also, if you are a manual trader who rarely has more than one open position, then this post wouldn't interest you.

I've recently begun following a couple of the prop trading threads and have decided to start with @the5ers. I don't wish to comment on pros / cons other than to say their risk management requirements were simpler for me to understand and better suited for the way I like to trade.

I trade algorithmically -- that is, EAs that trade all 28 pairs concurrently. At any one time there can be as many as 28 pairs with one or more open positions. Below is a screenshot of what I mean. This is from a demo account testing a new EA. Ignore the stats. My point in showing this is there is no way I could manually monitor how the EA was performing to check whether it was about to violate a risk management rule. There are just too many open trades.


Attached Image (click to enlarge)
Click to Enlarge Name: Dash-Example.png Size: 569 KB



I recently wrote a new indicator -- R4M-RiskManagement-The5ers -- with two goals in mind:
(1) Determine whether one of my EAs would even come close to surviving @the5ers risk requirement rules.
(2) Track the EA's performance when trading in one of @the5ers Evaluation or "Fully Funded" accounts.

The indicator works like any other -- simply install it in the ..\MQL4\Indicators folder and drag it onto a chart. It can be any symbol or timeframe. The indicator is very light-weight and NOT CPU-intensive. Furthermore, it uses MT4's OnTimer() event handler (rather than OnTick) and updates its data every 2 seconds. Below is a screenshot of the indicator attached to a dashboard's subwindow:

Attached Image (click to enlarge)
Click to Enlarge Name: R4M-RiskManagement-The5ers-1.png Size: 134 KB

I'll briefly explain its output results. If I miss something or if my explanations are unclear or even wrong -- I'm glad to answer questions and make corrections. Though I've done some testing, the indicator is fresh out of the oven -- so, just be smart. I have no affiliation with @the5ers. Any errors or bugs are mine alone.

To begin with I created a demo account with an initial balance of $10K, since I plan to register for the $40K low-risk program. The broker did allow me to set the leverage to 1:5, but I don't think that really makes much difference, since the primary goal is to stay within the risk management rules.

Attached Image (click to enlarge)
Click to Enlarge Name: R4M-RiskManagement-The5ers-2.png Size: 53 KB

(1) This is the "title". It displays the Initial Deposit, Stopout Level, Stopout and Stopout Percent. These values are static and do not change during the lifetime of the account.

(2) This shows the current StopLoss percent for each pair. In the low risk plans, each pair with open positions must have a stoploss registered with the broker. Furthermore, the accumulated stoploss percentage for each pair can not exceed 1.5% of the account balance.

(3) This displays the Stopout requirements. For example, with a $10K evaluation account the Stopout Level is $9600 and the Stopout value is -$400, which represents 4% of the Initial Deposit -- these values do not change during the lifetime of the account. The 'Loss Allowance' is your "breathing room" and what you need to keep your eye on.

(4) The Maximum Exposure is the accumulated open lots -- again, a static value that doesn't change. The Current Exposure displays the
number of BUY and SELL lots that are currently open. The indicator uses a default value of 0.65, but this can be changed as an input value.

This last screenshot shows the input values used by the indicator -- "Max percent StopLoss / pair", "Stopout percent" and "Max Exposure". I think these should be self-explanatory but, if not, I can explain further in a later post. I recommend that you ignore the settings related to forcing an initial account size. It's best to use the real one.

Attached Image (click to enlarge)
Click to Enlarge Name: R4M-RiskManagement-The5ers-3.png Size: 87 KB


Again -- I have no afffiliation with @the5ers. They've neither sanctioned or disapproved this indicator. Any errors or ommissions or stupid stuff is my doing.

Attached File(s)
File Type: ex4 R4M-RiskManagement-The5ers.ex4   58 KB | 212 downloads



EDIT: By the way, my EAs typically don't use a StopLoss. But to work within @the5ers constraints I had to modify that -- so, I chose 1x ADR -- which provides sufficient breathing room, yet still fits within @the5ers rules.
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