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The5ers - Trading & Growth Program

  • #501
  • Nov 17, 2020 2:45pm Nov 17, 2020 2:45pm
As an aside, the "Stopout" requirement that @the5ers introduced last month makes it soooo much easier to check whether you are about to bump-up against a risk management rule. No more "Max % Daily DD", or "Max % Account DD" like with other prop trading companies. I don't begrudge @the5ers creating rules to protect their capital and business model -- that's what they are good at. Unless I'm missing something, with their current low-risk program it feels like I can focus more on my trading strategy and spend less time worrying about crashing out. I mean, if I crash out it's going to be because of my strategy and not because of some hidden or obtuse rule that I broke.
  • #502
  • Nov 17, 2020 3:59pm Nov 17, 2020 3:59pm
Quoting robots4me
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...
Hello robots4me.

I do not enter into the merits of a judgment on your EA and your indy. I don't know them and for sure I will never use them, because they are not needed for my trading. So no criticism or anything about it
No ... the point I want to bring to your attention is another ... an absurd hypothesis, but still (albeit remote) very real.

You make this EA (or other) public.
You use this EA on a The5% ers (or other) account.
Someone does the same.
You both use this EA (or other) ONLY
You can be blocked by The5% ers and/or by any other prop company, which has in its T&C, the clause: copy between accounts prohibited.

You don't copy and neither do the other Traders, but The5% ers (or others) find themselves with multiple accounts that have the same operation, and from what I understand, it is -absolutely- forbidden.

Therefore:
- or you only use this EA (or other EA) without making it public and in case you want to help other Traders (your honor), make sure that the public version cannot operate with The5% ers or other prop company (preventing the operation on symbols with their proprietary suffix).
- or you use mixed trading between EAs (since you are an algo trader).

I hope you understand my intent, which is just to remind you of a possible risk (in the unlikely event that you missed the point).

All the best for you
I've seen things you people wouldn't believe
  • #503
  • Edited 11:21pm Nov 17, 2020 4:54pm | Edited 11:21pm
Quoting Trader-IT
{quote} Hello robots4me. I do not enter into the merits of a judgment on your EA and your indy. I don't know them and for sure I will never use them, because they are not needed for my trading. So no criticism or anything about it No ... the point I want to bring to your attention is another ... an absurd hypothesis, but still (albeit remote) very real. You make this EA (or other) public. You use this EA on a The5% ers (or other) account. Someone does the same. You both use this EA (or other) ONLY You can be blocked by The5% ers and/or by...
Hello @Trader-IT -- thanks for your response to my post. I understand the rule that prohibits multiple accounts opening / closing the same positions.

The indicator I shared reports on the current status of an account -- it does not trade. The chances of another EA trading like mine is the same (or possibly even more remote) than another trader seeing the same setups as you and making the same trades. Though my EA (or, in fact, any EA) will never match the capability of a good discretionary trader, I prefer to trade using software -- because I enjoy the challenge of creating software to analyze data and solve problems, and because I do not enjoy sitting in front of a monitor staring at charts and looking for setups. I'm willing to give up the Pips in return for spending time doing other things. Which reminds me -- I have to take my dog for a walk and the market is still open...
  • #504
  • Nov 17, 2020 6:53pm Nov 17, 2020 6:53pm
@the5ers

Just saw all the updates on the website. I saw some changes but a consistent discrepancy. The low risk accounts, are they still 1:5 margin or are they now 1:6?
Attached Image (click to enlarge)
Click to Enlarge Name: Which is it.jpg Size: 81 KB
The best strategy is a profitable one.
  • #505
  • Nov 18, 2020 4:28am Nov 18, 2020 4:28am
Quoting AnRan
@the5ers Just saw all the updates on the website. I saw some changes but a consistent discrepancy. The low risk accounts, are they still 1:5 margin or are they now 1:6? {image}
Hey @AnRan

Thx for sharing, we fix it!

The leverage is 1:6 in the low risk account.
The leverage is 1:30 in the aggressive account.
We are Forex traders - Come trade with us
  • #506
  • Nov 18, 2020 6:21am Nov 18, 2020 6:21am
These are boring days.
The market is preparing for the usual exaggerated move, after days with a lousy range.

I saw some interest in this tool on another thread.

Attached Image


For a more immediate and practical use, it is sufficient to have displayed only the information regarding:
- open operations
- the daily result (closed transactions).
Always having this data in view with the full indicator requires some space on the chart.

For this reason, several years ago, I had modified it by reducing it to the bare minimum and - since then - it is always present on all my Mt4.

Exclusive version for The5%ers

Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: Immagine 2020-11-18 125935.png Size: 22 KB

Attached File(s)
File Type: ex4 Indy EOS Total Profit Ultimate Indices.ex4   29 KB | 222 downloads
I've seen things you people wouldn't believe
  • #507
  • Nov 18, 2020 9:34pm Nov 18, 2020 9:34pm
Quoting The5ersTF
{quote} Soon we will add new programs that I am sure you all be excited about them

When you are coming with New plan
  • #508
  • Nov 19, 2020 1:09am Nov 19, 2020 1:09am
Quoting Ai1108
{quote} When you are coming with New plan

You can read from here on
(only 11 posts and you were there)

Quoting The5ersTF
The5eres Aggressive programs are here! No Rules - No Restrictions. Instant Funding! https://www.youtube.com/watch?v=cO7VzNWzBaM
I've seen things you people wouldn't believe
  • #509
  • Nov 19, 2020 1:18am Nov 19, 2020 1:18am
Quoting Trader-IT
{quote} You can read from here on (only 11 posts and you were there) {quote}
Very nice Video
Means open account and start making money every time hit target or 30 days you reach you get 50% profit split.
Great :-)
  • #510
  • Edited 2:00am Nov 19, 2020 1:27am | Edited 2:00am
Quoting Trader-IT
{quote} You can read from here on (only 11 posts and you were there) {quote}

Thanks
  • #511
  • Nov 19, 2020 1:51am Nov 19, 2020 1:51am
Quoting Ai1108
{quote} I send email to your support to join your company, waiting for reply. Thanks

Lmao you're a funny fellow, confused too.
  • #512
  • Nov 20, 2020 7:37am Nov 20, 2020 7:37am
Synergy Traders Event - LIVE Online, 2-Day Event:

Fast Track Your Trading: Friendsgiving 2020

Reserve your seat now!

Day 2: 11/24/2020 11 AM ET: Saul Lokier of The5ers.com - Professional Scalping: Why, How and When

Monday-Tuesday November 23-24 10 AM - 10 PM ET

Register now for free!
We are Forex traders - Come trade with us
  • #513
  • Nov 21, 2020 1:56am Nov 21, 2020 1:56am
Exclusive version for The5%ers

Others of the same series:
https://www.forexfactory.com/thread/...1#post13203361
https://www.forexfactory.com/thread/...1#post13219061
https://www.forexfactory.com/thread/...1#post13249441

Attached Image

Attached File(s)
File Type: ex4 Indy EOS 1000pipsMINI-only euraud.ex4   19 KB | 202 downloads
I've seen things you people wouldn't believe
  • #514
  • Edited 10:48pm Nov 21, 2020 10:37pm | Edited 10:48pm
Exclusive version for The5%ers

Attached Image

Attached File(s)
File Type: ex4 Indy EOS 1000pipsMINI-only audusd.ex4   19 KB | 151 downloads

Attached Image


Attached File(s)
File Type: ex4 Indy EOS 1000pipsMINI-only usdjpy.ex4   19 KB | 153 downloads
I've seen things you people wouldn't believe
  • #515
  • Edited 1:06am Nov 22, 2020 12:54am | Edited 1:06am
The the5%ers have some serious problem.

1. Challenge is too expensive.
2. Challenge is not fair your risk is 4 % but you have to make 6% that means you have to gain 150%.
3. They have a lot of confusing offerings.
4. if you late to put stop loss they will try to take your money and disqualify you by shifting one challenge to another challenge.
5. They will tell you that you will receive a lot of fund with them, in really receiving a lot of funds is very difficult Thy know it.
6. They will tell you you will get 6 months to make 6 % but your risk is very very small 4% only. that means you have a risk of 0.1% or 0.2% of your account in every trade.
7. Profit sharing is not good. No matter how they show you have nice growth them If you calculate their offering and other companies offering you will know. They just created all these creative ways so they can attract more clients that's it no better.
I don't think the5%ers is fair and good for general traders like us.
MA provides the market's current direction and strength.
  • #516
  • Nov 22, 2020 2:37am Nov 22, 2020 2:37am
Quoting hasib
The the5%ers have some serious problem. 1. Challenge is too expensive. 2. Challenge is not fair your risk is 4 % but you have to make 6% that means you have to gain 150%. 3. They have a lot of confusing offerings. 4. if you late to put stop loss they will try to take your money and disqualify you by shifting one challenge to another challenge. 5. They will tell you that you will receive a lot of fund with them, in really receiving a lot of funds is very difficult Thy know it. 6. They will tell you you will get 6 months to make 6 % but your risk...
I took a look at your threads and posts. Also, I've been worried to see what most people think about you.
Compliments. You are the second I ignore. A good record.
I remind you that, if you answer me, you only talk to yourself and howl at the moon. I don't see you anymore.
I've seen things you people wouldn't believe
  • #517
  • Nov 22, 2020 3:12am Nov 22, 2020 3:12am
Quoting Trader-IT
Exclusive version for The5%ers {image} {file} {image} {file}
Dear I live in Italy for sometime, I love Italy food, Weather, People, Fashion.

Which part of Italy you are from.
How is your trading, I read your profile and saw you are full time trader.
  • #518
  • Nov 22, 2020 3:29am Nov 22, 2020 3:29am
Quoting hasib
The the5%ers have some serious problem. 1. Challenge is too expensive. 2. Challenge is not fair your risk is 4 % but you have to make 6% that means you have to gain 150%. 3. They have a lot of confusing offerings. 4. if you late to put stop loss they will try to take your money and disqualify you by shifting one challenge to another challenge. 5. They will tell you that you will receive a lot of fund with them, in really receiving a lot of funds is very difficult Thy know it. 6. They will tell you you will get 6 months to make 6 % but your risk...
@hasib -- we know one another from the TMS thread. Please do not start up here -- you are not ready. Also, remember that @the5ers is a business. They have a business model. They have employees. They have office space and expenses. They have contract traders. You are still exploring trading strategies. You really are in no position to tell @the5ers how to run their business. Please do not treat them as idiots -- they know their business and they know their competition. Their purpose in life is not to give you free money. If you don't like their rules that's fine -- go elsewhere. But please don't clutter this thread with your newbie complaints -- you really are not there yet...
  • #519
  • Nov 22, 2020 3:39am Nov 22, 2020 3:39am
Quoting Ai1108
{quote} Dear I live in Italy for sometime, I love Italy food, Weather, People, Fashion. Which part of Italy you are from. How is your trading, I read your profile and saw you are full time trader.
@Ai1108 -- this isn't Facebook. Why do I have to read about your personal likes? I'm hear to learn more about @the5ers trading programs. If you are looking for a date then please learn to use the PM (Private Messaging) feature provided by the FF web site.
  • #520
  • Nov 22, 2020 4:19am Nov 22, 2020 4:19am
Quoting robots4me
{quote} @Ai1108 -- this isn't Facebook. Why do I have to read about your personal likes? I'm hear to learn more about @the5ers trading programs. If you are looking for a date then please learn to use the PM (Private Messaging) feature provided by the FF web site.
Dear i am new to FF and i am having a normal conversation.

Hope you understand that and have a good day
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