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The5ers - Trading & Growth Program

  • #521
  • Edited 6:27am Nov 22, 2020 4:42am | Edited 6:27am
Quoting Ai1108
{quote} Dear i am new to FF and i am having a normal conversation. Hope you understand that and have a good day
@Ai1108 -- it's okay that you are new, but understand ForexFactory is a web site for forex trading, not dating. There are thousands of different threads for different topics. This thread is about @the5ers trading program. When you post then many people who are following this thread are forced to read it. Do you want me to post every time I take my dog for a walk or if I'm looking to connect with other people who like dogs? This thread is not for "normal" conversations -- use Facebook. This thread is about forex trading -- in particular, @the5ers trading program. Is that okay with you?

@Ai1108 -- since I subscribed to this thread then everytime you post then my computer receives an Alert there is a new post in this thread. So, I get very excited because I'm hoping to learn something new. But, instead, it turns out you are asking Trader-IT for a date. And that's fine -- but why would you force me to follow your dating history? Your "normal" conversation here is PUBLIC -- you are forcing everyone to read it.
  • #522
  • Nov 22, 2020 5:50am Nov 22, 2020 5:50am
Quoting robots4me
{quote} @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...
haha politely mean
  • #523
  • Nov 22, 2020 8:23am Nov 22, 2020 8:23am
Quoting Ai1108
{quote} Dear i am new to FF and i am having a normal conversation. Hope you understand that and have a good day
This is a conversation about the5ers trading program. Stick to that topic, thank you.
  • #524
  • Nov 22, 2020 12:40pm Nov 22, 2020 12:40pm
Quoting Trader-IT
{quote} 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.
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.

After writing all of the5%ers weakness, one of The5%ers members started Ignoring me. OOOO What kind of company it is.
Be VEry very careful about the5%ers.

They will Ignore you, They will block you, They will change your account from one challenge to another challenge.

Yes, They are come to do business, There is a lot of honest and good company Out there so Stay safe and Stay careful.

If you look at their comment you will find, when I raise some issues about their company they started personally attacking me by saying a lot of people talks bad about me. I don't know what kind of professionalism it is.

Remember with 4% risk of getting 6% is 150% gaining.

Finally, I want to say one sentence, Before Taking their Service please Checkout other companies, Investigate, Investigate, and Investigate.
MA provides the market's current direction and strength.
  • #525
  • Edited 2:09pm Nov 22, 2020 1:35pm | Edited 2:09pm
Hasib,

The participants in this thread do not represent the 5%er's (other than the commercial member with the 5%er's screen name, which is also the thread author"). They simply are posters registered with "The Forex Factory" as you are. Some of the posters here may be traders in the 5%er's program but they are not representing the 5%er's. This thread recently has had some newcomer wonderboys post in this thread that are quite embarrassing actually. They seem to be working as a team like anonymous cowards do. Sometimes when a trader thinks he knows it all is when he knows the least.

Please disregard comments from them as I have and good trading to you. ohhh...by the way I have read your list and there were no tricks as the trader knows that this will be hard before he tries. If it were my money to be traded, I would only want traders that understood that beforehand. I have a challenge for you....Show me one company that is better.

Overall, in my opinion the 5%er's put the trader first with actions and not just words...they have a trading room, blogs, facebook, podcasts and daily education. They participate in the industry at various events and offer one-on-one help to traders as part of their program. They have a real working phone number and I have called it and Gil, one of the owners of the company, answered the phone.

Es

P.S. I think that you will find the admin at the 5%er's to be in the top percentile for fairness... at least I have. Give them a chance, you will see.

Quoting hasib
{quote} 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...
  • #526
  • Nov 22, 2020 2:10pm Nov 22, 2020 2:10pm
Quoting ElectricSavant
...This thread recently has had some newcomer wonderboys post in this thread that are quite embarrassing actually. They seem to be working as a team like anonymous cowards do...
@ElectricSavant -- "wonderboys", "cowards"? Obviously your feathers are still ruffled. Put on your big boy pants and grow up...
  • #527
  • Edited 4:15pm Nov 22, 2020 2:16pm | Edited 4:15pm
Quoting hasib
...The the5%ers have some serious problem. ...
@hasib -- I asked you politely to please back away. You have a good heart, but the brain isn't quite there yet. The people who responded to your post, including myself, do not work for or represent @the5ers. We are just members of FF who post comments -- some good, some bad. Just as on the TMS thread you may like some posts and dislike others. When people on the TMS thread post comments they don't represent BigE. When people post comments on this thread they don't represent @the5ers. That's how FF works -- it's a public forum with many different threads where different people post different opinions. You owe @the5ers an apology -- or, delete your posts...
  • #528
  • Nov 22, 2020 3:00pm Nov 22, 2020 3:00pm
Quoting hasib
{quote} 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...

It's very simple.
Like taking part in a sport, you accept the rules.
The end.
  • #529
  • Nov 22, 2020 3:17pm Nov 22, 2020 3:17pm
Quoting moodybot
{quote} It's very simple. Like taking part in a sport, you accept the rules. The end.
@moodybot -- I like that. If you want to play a sport then you adapt to it -- and, not it to you. Which reminds me when I used to play basketball. I didn't insist they lower the hoop just for me (well, only a few times)...
  • #530
  • Edited 9:42pm Nov 22, 2020 9:22pm | Edited 9:42pm
Hello to all.
I think by now, everyone who is enrolled like me, in this funding program
(and yes... I am not an employee or a representative and have not yet been funded, this for those who have not read the whole thread)
they will have received the email warning about "changes to trading conditions".
This (I repeat) is a valid notice ONLY for those who have already joined the program. For future collaborators, all details are clearly described on the official website https://the5ers.com/.

The points.
Undoubtedly:
1) the cancellation of the "maximum exposure requirement". The maximum exposure now depends on the account value.
2) "no more disqualification" thanks to the transition to the aggressive plan,
3) the "highest pip value"
are certainly huge improvements. Thanks for these changes.

On the other hand:
4) the transition from a 1:100 lever to a 1:6 lever does not make me crazy with joy. With similar leverage, I have already had problems with another prop company. To be clear, the problems are mine alone, cause a multi-year habit at the exact same (much higher) leverage. The question is purely psychological.
If last year a 0.01 lot cost me less than $2, I switched to The5%ers which cost $11.95. It is now $197.88.
5) If the gain is greater, so is the loss. The classic downside. And there is no discussion (I prefer to be able to gain and lose more).
6) The % of the SL does not change. So be careful what you do.

To understand, they are not complaints. I ONLY have to "reprogram" after less than three months, and at my age and with all my commitments, it will be no small thing.
All on a scale? I think the needle hangs in favor. I just wish I had a little less stress.

Ok. I go on like a tank. Mine has become a challenge within a challenge.
My wish is for a good week (and month end) of trading for everyone.
I've seen things you people wouldn't believe
  • #531
  • Nov 22, 2020 10:41pm Nov 22, 2020 10:41pm
Dear All

I am going to join The5ers challenge soon.

I will honestly share my opinion.

Rules are very very very Good.

Less leverage is very clever move.

Previously everyone have to be careful from trade size, if cross trade size limit was a challenge failure.

2nd benefit from leverage is you will not blow your account, you will become trader not GAMBLER.

Fix Stop Loss is the best move they have did.

If you see everything is in favor of a Trader.

I believe these Rules are the BEST Rules in Fund Managing Programs.

Honestly this is the most easiest Rules to make good income.

The5ers have done the best for everyone.

Good Luck to everyone :-)
  • #532
  • Edited 1:30am Nov 23, 2020 1:00am | Edited 1:30am
Quoting Trader-IT
the transition from a 1:100 lever to a 1:6 lever does not make me crazy with joy. With similar leverage, I have already had problems with another prop company. To be clear, the problems are mine alone, cause a multi-year habit at the exact same (much higher) leverage. The question is purely psychological. If last year a 0.01 lot cost me less than $2, I switched to The5%ers which cost $11.95. It is now $197.88. 5) If the gain is greater, so is the loss.
Maybe looking at the pip value and not at the required margin for the same lot size would help you on the psychological aspect.
While 0.01 takes more margin with 1:6, a gain or loss for a 0.01 position remains the same. Since The5ers are funding the account, the required margin should not affect your trading whatsoever, as the pip value always worth the same. The 1:6 actually let traders use a slightly higher position size (if wanted), yet it prevents misunderstanding in regards to the old exposure requieremnt.
We are Forex traders - Come trade with us
  • #533
  • Nov 23, 2020 3:11am Nov 23, 2020 3:11am
Quoting Ai1108
Dear All I am going to join The5ers challenge soon. I will honestly share my opinion. Rules are very very very Good. Less leverage is very clever move. Previously everyone have to be careful from trade size, if cross trade size limit was a challenge failure. 2nd benefit from leverage is you will not blow your account, you will become trader not GAMBLER. Fix Stop Loss is the best move they have did. If you see everything is in favor of a Trader. I believe these Rules are the BEST Rules in Fund Managing Programs. Honestly this is the most easiest...
Which plan are you going for?

Also, any concern for your timing to start? One month before Xmas and a probable slow January?
  • #534
  • Nov 23, 2020 3:27am Nov 23, 2020 3:27am
Quoting The5ersTF
{quote} Maybe looking at the pip value and not at the required margin for the same lot size would help you on the psychological aspect. While 0.01 takes more margin with 1:6, a gain or loss for a 0.01 position remains the same. Since The5ers are funding the account, the required margin should not affect your trading whatsoever, as the pip value always worth the same. The 1:6 actually let traders use a slightly higher position size (if wanted), yet it prevents misunderstanding in regards to the old exposure requieremnt.
Thanks Gil for your concern. Really appreciated.

Forgive me if I address these topics on this Forum.
Unfortunately, I am part of the (majority?) Of the world population, who do not know the English language (I know, it is scandalous in 2020, but this is my situation).
A video ... chat ... webinar ... phone call or other live, they can't help me in any way. Impossible for me to converse and / or understand a speech in English. The only alternative is a clear and detailed script that can be translated with Google. And sometimes it's a failure anyway.
Looking a little while ago at my recent post, where I wrote "quarti" that is "divisions by four", from Italian to English it is correct, that is "quarters". But translating on the contrary, "quarters" results as "trimestri" or "more groups of three months". The meaning is totally distorted.

Anyway, to come to your kind post, my points are:
"While 0.01 takes more margin with 1: 6, a gain or loss for a 0.01 position remains the same"
I know this. It is clear to me.

"... the pip value always worth the same"
this one doesn't fit me.
The example I do with the 0.1 lot is the test I do with every Broker I have used in the past. And now there are several dozen.
My first day
Attached Image (click to enlarge)
Click to Enlarge Name: guadagno prima.png Size: 2 KB

Today
Attached Image (click to enlarge)
Click to Enlarge Name: guadagno dopo.png Size: 3 KB


Same currency, same size, same target, different earnings.
Today you earn more than before and this was also reported in the e-mail I received "... with higher pip value".
Or do I misinterpret / translate everything?

"The 1: 6 actually let traders use a slightly higher position size (if wanted)"
Please, what does this mean? Where am I wrong?
margin 197.88 x dimension 0.01
deposit 13,000 divided by required margin 197.88 = 65.69 times
65.69 x 0.01 = 0.65 lots. Nothing changes compared to before.
And if you are referring to the case of bringing the SL into BE+, to have more margin, there was the option even before.
So I'm missing something. Or the translator makes mistakes repeatedly and I can't understand.
I'm sorry, I'm honest.

All this is not a problem for those used to low leverage and for new potential collaborators who have never traded, or almost.
And for me? Do not worry. I have tough skin and I want to succeed. So I adapt and (despite a little effort) I will reach the finish line, because I want to succeed.
I believe this is the winning mentality (law of attraction).

That said, your explanation of the points above will help everyone. Old and new.
I thank you for the time you dedicated to reading and for the time to answer.
I've seen things you people wouldn't believe
  • #535
  • Nov 23, 2020 4:04am Nov 23, 2020 4:04am
I forgot to report something.
In my trading I have been using this indicator for at least 4 years.

Attached Image

Attached File(s)
File Type: ex4 Indy EOS lotto calcolatore.ex4   5 KB | 186 downloads
I've seen things you people wouldn't believe
  • #536
  • Nov 23, 2020 4:24am Nov 23, 2020 4:24am
Quoting Trader-IT
I forgot to report something. In my trading I have been using this indicator for at least 4 years. {image} {file}
That's a solid Indicator, would save me the stress of calculating risk % or position size when i'm trying to catch a momentous move.

can it be set to determine lot size based on dollar value in relation to account balance instead of percentage value?

for instance; Intended risk = 200$

Thanks
  • #537
  • Nov 23, 2020 5:17am Nov 23, 2020 5:17am
Quoting Trader-IT
{quote} "... the pip value always worth the same"
this one doesn't fit me.
The example I do with the 0.1 lot is the test I do with every Broker I have used in the past. And now there are several dozen.
My first day
I have created a tiny mq4 code to show you that leverage never affects the pip value.

I made a screen shot with two different accounts, one is set to 1:6 the other on 1:100.
Attached Image
Attached Image (click to enlarge)
Click to Enlarge Name: dd2da0613a3aa57b3468ac7edeb12b7a.png Size: 48 KB
The scrip sample two account parameters, the leverage, and the tick value for the pair.
On a USD balance account, for every pair ending with USD, a single point change (tick value) would be a $1 per one Standard Lot. Regardless of the leverage of the account.

You can run the same script across different brokers to see that tick size will be always the same.


In regards to different profit outcomes, this might be because of different commission rates, swap costs.
Your trades have different points of profit, that is to explain this
Your Buy Trade: had earned 1.18776 - 1.18726 = 50 points at 0.01 Lot = Tick Value = 1 Cent Per point
Your Sell Trade had Earned 1.19495 - 1.19486 = 9 Points at 0.01 Lot = Tick Value = 1 Cent per point

I attached the script (use it as an indicator) - with code access.
Attached File(s)
File Type: mq4 Leverage_n_TickValue.mq4   2 KB | 186 downloads


Hope that explains things better now,

Gil
We are Forex traders - Come trade with us
  • #538
  • Nov 23, 2020 6:46am Nov 23, 2020 6:46am
i m glad the5ers changes the drawdown relative to fixed.....

and also new 80k account...........joining very soon..............
  • #539
  • Nov 23, 2020 7:50am Nov 23, 2020 7:50am
Quoting The5ersTF
{quote} I have created a tiny mq4 code to show you that leverage never affects the pip value. I made a screen shot with two different accounts, one is set to 1:6 the other on 1:100. {image}{image}The scrip sample two account parameters, the leverage, and the tick value for the pair. On a USD balance account, for every pair ending with USD, a single point change (tick value) would be a $1 per one Standard Lot. Regardless of the leverage of the account. You can run the same script across different brokers to see that tick size will be always the same. In regards to different profit outcomes, this might be because of different commission rates, swap costs. Your trades have different points of profit, that is to explain this Your Buy Trade: had earned 1.18776 - 1.18726 = 50 points at 0.01 Lot = Tick Value = 1 Cent Per point Your Sell Trade had Earned 1.19495 - 1.19486 = 9 Points at 0.01 Lot = Tick Value = 1 Cent per point I attached the script (use it as an indicator) - with code access. {file} Hope that explains things better now, Gil
First of all, thank you for your attention and for your reply.

The thing that matters most to me is to report the translation error.
"this one doesn't fit me". Checking back now, it turns out as if I am dissatisfied... anger. Too harsh, aggressive and rude sentence, which is not part of my culture. At least, if I don't have a serious reason. And this, is not the case.

I'm sorry Gill for the mistake, in your place I would have been angry. Believe me, that's not what I meant. It was more like "this is not clear to me".
I spent over 4 hours writing that post, checking and searching for the most suitable terms for translation. My fault that I didn't do a third and fourth check.

On my images, I actually got it all wrong and the profit points are completely wrong.
Of course I have no doubts about your example. I have always known that a standard lot is worth $10. It was the same with 1:500 leverage (If I remember correctly ).
But I look at those two (wrong) images of mine and read the email "HIGHER PIP VALUE. The max exposure was based on 5 to 1 by lot size, The 1:6 actually provides more market buying power, with higher pip value", and mi they confused. Maybe, becouse I haven't slept for over 24 hours?

Damn ... I'm sorry I made you work harder than you had to.
Am I forgiven?

PS:
However, today I worked a little. Small result, but steady growth. Now I can finally go to sleep.
Attached Image
I've seen things you people wouldn't believe
  • #540
  • Nov 23, 2020 8:02am Nov 23, 2020 8:02am
Quoting Koop
{quote} That's a solid Indicator, would save me the stress of calculating risk % or position size when i'm trying to catch a momentous move. can it be set to determine lot size based on dollar value in relation to account balance instead of percentage value? for instance; Intended risk = 200$ Thanks
Hi Koop.
No. I've tried all the combinations on the menu, but that's the only way it works. I'm sorry.

Attached Image
I've seen things you people wouldn't believe
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