Disliked{quote} yes ic markets demo3 has a lot issues even mff recommended not to use it even thought i was at demo 4. So seem all ic markets servers have problems ... good decision i decided to not continue with ic markets.Ignored
2
Update(#Second Month ):
my second month was great at least at beginning , i was able to make 5% at my first 2 weeks and get 51$ as bonus ...
next 2 weeks was ok too until before 2 days from start my new month, i thought i need 75$ for upgrade my account to 20k but i was wrong (since all i need was 47$) so i tried to take trades out of plan and strategy instead of end month with other 25$ bonus i dropped my account 300$ to be 9700$... but anyway i returned again my losses but unfortunately by revenge trade (i decided to take trade trying to refill my account), now i am -100$ but i don't mind it since that's lose because my strategy so i don't mind it .. i planing that new month to stuck to my strategy and not do what i did again, i wouldn't mind to lose all my account as long as i fellow my system.
my second month was great at least at beginning , i was able to make 5% at my first 2 weeks and get 51$ as bonus ...
next 2 weeks was ok too until before 2 days from start my new month, i thought i need 75$ for upgrade my account to 20k but i was wrong (since all i need was 47$) so i tried to take trades out of plan and strategy instead of end month with other 25$ bonus i dropped my account 300$ to be 9700$... but anyway i returned again my losses but unfortunately by revenge trade (i decided to take trade trying to refill my account), now i am -100$ but i don't mind it since that's lose because my strategy so i don't mind it .. i planing that new month to stuck to my strategy and not do what i did again, i wouldn't mind to lose all my account as long as i fellow my system.
{quote} until now there was only one complain from USA trader who live in 4 states that mff don't deal with. They refund him but didn't send to him profits because he live in one of that states . Except that i see a lot traders get payout normally without issue except some broke consistency rule. If you don't live at that 4 USA states and you can handle that consistency rule then i think you will be ok with them . (But keep in mind it's new firm)
One more thing, which broker would you recommend?
{quote} Thanks a lot for help
Third Month Update:
i have to say my third month wasn't great at all , i won bad trader trophy :"),
all trades was losing dropped from 10k to 9450$k with 11 losing trades
then i decided that's can't work anymore , i need to find other way i was keep looking at my losing trades and my bad down trend , may i can learn something ,
what if i can take benefits of my bad performance what if that bad performance trend was just good performance of course i can't just reverse my strategy because that's don't work , so i decided to back test all my trades i took based on my strategy since june and i noticed most times price return again to hit my TP,
i went to read and watch some videos at YouTube about Risk to reward vs high win rate , one of videos said r:r with low win rate never work, some traders with bad rr but they have high win rate can make profit at long term , so i was thinking may i can change my mind and try that, i changed parameters after i made back test i decided to change my way at manage risk and money management also , may i have to thinking out of Box and be different from thoughts and ideas that others put inside my head since i started trading . so i decided instead of use R:R i have to depend on my win rate more , so i back test my strategy to see how i can do that i tested a lot different parameters and Scenario until i pick best scenario results and decided to apply it,
i send to MMF and i told them i am going to change my risk management and iam going to trade small lot sizes, they said ok
i don't know if i going to survive and return my account again to breakeven but let's see and i have to say i am happy because i changed my money management and changed my strategy little or my balance was dropped more to 9150$.
as you can see last 3 trades took based on my new settings to strategy:
i have to say my third month wasn't great at all , i won bad trader trophy :"),
all trades was losing dropped from 10k to 9450$k with 11 losing trades
then i decided that's can't work anymore , i need to find other way i was keep looking at my losing trades and my bad down trend , may i can learn something ,
what if i can take benefits of my bad performance what if that bad performance trend was just good performance of course i can't just reverse my strategy because that's don't work , so i decided to back test all my trades i took based on my strategy since june and i noticed most times price return again to hit my TP,
i went to read and watch some videos at YouTube about Risk to reward vs high win rate , one of videos said r:r with low win rate never work, some traders with bad rr but they have high win rate can make profit at long term , so i was thinking may i can change my mind and try that, i changed parameters after i made back test i decided to change my way at manage risk and money management also , may i have to thinking out of Box and be different from thoughts and ideas that others put inside my head since i started trading . so i decided instead of use R:R i have to depend on my win rate more , so i back test my strategy to see how i can do that i tested a lot different parameters and Scenario until i pick best scenario results and decided to apply it,
i send to MMF and i told them i am going to change my risk management and iam going to trade small lot sizes, they said ok
i don't know if i going to survive and return my account again to breakeven but let's see and i have to say i am happy because i changed my money management and changed my strategy little or my balance was dropped more to 9150$.
as you can see last 3 trades took based on my new settings to strategy:
{quote} Sure. I will update the progress. So far not receiving any email from them. I just create trade explorer for my MFF just now. https://www.forexfactory.com/syahzam#acct.18
also other thing is they start check accounts after friday close, and you have to send email to them because process not done automatically, also sometimes they send payout late (after few days).
i checked your TE quickly i am kinda worry they may disqualify you since you broke consistency rule see pictures below:
also different between your first week and second week very high you jumped from 7 trades and 5 trades in day to 1 or 2 trades
you started at 26 oct so your payout was that previous friday which is 6 November not next week so you should email them about your payout.
and i hope they pay you without mention that violated consistency rule.
also one thing link your account to fxblue because sometimes fxblue can recorded high DD that can disqualify you , check my first page and my story with ic markets (i heard same issue with traders who trade with other brokers so probably issue from fxblue)
Of course, we are here for our traders and we know they are here for us as well.
And Mr. JsCave, you said it absolutely correctly - trading in not about short term gains but long term skill that can one day become once main source of income. Just like anything else in life, to perfect that and be consistent, it takes time. Our program, esp the One time fees one - allows just that. And you got even a better deal
Anyways - we will be more active here now. Thank you for your support.
And Mr. JsCave, you said it absolutely correctly - trading in not about short term gains but long term skill that can one day become once main source of income. Just like anything else in life, to perfect that and be consistent, it takes time. Our program, esp the One time fees one - allows just that. And you got even a better deal
Anyways - we will be more active here now. Thank you for your support.
- #39
- Last Post: Dec 3, 2020 2:18am Dec 3, 2020 2:18am
since i decided to apply supply&demand trading i will share here daily zones that i trade i just practice
i also decided to give try to 4 trades rules risk management technique so if i lost 4 trades in row i reduce my risk by half and if i win 4 trades in row i double my risk but if limit is third time now i risk 12.5$ at my 10k account trying to back again to 9850$ then i double to 25$ per trade.
Zone of the day:
i also decided to give try to 4 trades rules risk management technique so if i lost 4 trades in row i reduce my risk by half and if i win 4 trades in row i double my risk but if limit is third time now i risk 12.5$ at my 10k account trying to back again to 9850$ then i double to 25$ per trade.
Zone of the day: