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The5ers - Trading & Growth Program

  • #881
  • Jan 11, 2021 8:54am Jan 11, 2021 8:54am
Quoting allinazi
{quote} what is wrong with 10-30% dd why will that bite you eventually? i trade for a funding program which allows 30% dd set up by professionals who have actually worked in the industry for top institutions and banks... so how can they allow that from their background? so this model these online firms have created have brainwashed most people who think a 10 % DD or 20% DD is not allowed in the real industry its BS its set up for maybe a handful of guys to make it and the rest to fail their program and collect sub fees..
First, we are not brainwashed by these firms into thinking DD of 10+% are not good.

This is a business and it's their money. It allows us traders to gain access to money that most would never be able save up. The only requirement is to have professional MM and control one's risk.

Maybe that's why they are "former" employees because that think DDs of that size are ok. There is NO top institution or bank that will tolerate these amounts of DD.

Bottom line is, anything more than 5% DD or so is gambling not trading. I know of no one who would give another say $100,000 and tell them it's ok if you show a loss of 20%, 30%, or more. What keeps most of you from going completely under with these large DDs is the market is not as volatile as it was. If it were most traders would be seeing their accounts completely blown.
Mark ... Everything you have been told is a LIE
  • #882
  • Jan 11, 2021 9:33am Jan 11, 2021 9:33am
Forex Trading Room January 11 – 15, 2021

Here's today's recordingForex Trading Room Session.

Inside Today’s Forex Trading Room Session we analyzed the charts for the upcoming week, we start with the higher time frames and then check the lower time frames to look for intraday opportunities.

Today we analyzed the charts by Supply & Demand method and show how this method is relevant only for other kinds of assets like XAUUSD and SPX500.

After that, we discussed some FX pairs for all time frames, I showed how I manage my open position which was already in a profit of 50 pips.

Enjoy!
We are Forex traders - Come trade with us
  • #883
  • Jan 11, 2021 10:01am Jan 11, 2021 10:01am
Quoting pipmaster77
{quote} It's amazing how threads "derail" from what is relevant. Always 2-3 people taking up 3 pages arguing about nothing relevant to the thread. You came on here simply to tell the 5%ers you couldn't use them. What was the point? I don't understand, so many people on the prop firm threads bitching about the rules. Simple, use another prop firm or trade your own funds. I trade the same system on two different prop firms and I am adding two more within 30 days. I use 0.25-0.5% risk per trade, small in the beginning of the month, build a buffer,...
Couldn't agree more. Each firm has its own rules as per their risk management, nobody is forcing to join. I personally believe 5ers has some great potential especially when they removed the relative drawdown rule. CTI is also coming up with good rules but they still have a relative drawdown for evaluation. Which prop firm you are adding just curious.
  • #884
  • Jan 11, 2021 2:14pm Jan 11, 2021 2:14pm
Hello,

I have a question for The5ersTF or other FF member who knows the answer. If I am in the evaulation phase (level 1) of the low risk program and I reach the profit target in less than 20 trading days and with less than 40 trades could I open minimum lots positions (for example 0.01 lots) to achieve the trading objectives?. I said that because FAQs says: "Please note: all traders are required to continue using the same trading method, as our program is designed for you to show consistency and solid results", so What happens if I reach all objectives but the size of the last trades (using the same trading method) are 0.01 lots to minimize the risk of having a drawdown and not passing the evaluation phase?. Thanks.
  • #885
  • Jan 11, 2021 8:14pm Jan 11, 2021 8:14pm
Dear all
When I open an account The5ers. which broker will I trade? I can choose the Broker? I want to know the spread and Commission.
Thank
  • #886
  • Jan 11, 2021 11:30pm Jan 11, 2021 11:30pm
Quoting propftrader
Hello, I have a question for The5ersTF or other FF member who knows the answer. If I am in the evaulation phase (level 1) of the low risk program and I reach the profit target in less than 20 trading days and with less than 40 trades could I open minimum lots positions (for example 0.01 lots) to achieve the trading objectives?. I said that because FAQs says: "Please note: all traders are required to continue using the same trading method, as our program is designed for you to show consistency and solid results", so What happens if I reach all objectives...
I asked the same thing with another firm, they said it was fine, but with 5ers, it didn't really matter cause you still had a profit split from the evaluation. I think the profit split from the evaluation is gone now (probably too many people wiping right after they passed it), so it's a good question.
The best strategy is a profitable one.
  • #887
  • Jan 11, 2021 11:42pm Jan 11, 2021 11:42pm
Quoting 6677028
Dear all When I open an account The5ers. which broker will I trade? I can choose the Broker? I want to know the spread and Commission. Thank
No, they aren't transferring funds to you. They are designating an account for you to trade.

There is a lot more information and data posted before by Trader-IT about spread. Just go back a few pages, read and find it.
The best strategy is a profitable one.
  • #888
  • Jan 12, 2021 1:52am Jan 12, 2021 1:52am
Quoting propftrader
Hello, I have a question for The5ersTF or other FF member who knows the answer. If I am in the evaulation phase (level 1) of the low risk program and I reach the profit target in less than 20 trading days and with less than 40 trades could I open minimum lots positions (for example 0.01 lots) to achieve the trading objectives?. I said that because FAQs says: "Please note: all traders are required to continue using the same trading method, as our program is designed for you to show consistency and solid results", so What happens if I reach all objectives...
Hey propftrader
You could do that, a lot of traders reach the target before they complete 20 days and then open trades of 0.01 lots.
It is true that we want to see them continue to trade, but once they have proven their abilities, we understand this so we are flexible about the situation.
I wish you success!
We are Forex traders - Come trade with us
  • #889
  • Jan 12, 2021 2:54am Jan 12, 2021 2:54am
Quoting The5ersTF
Forex Trading Room January 11 – 15, 2021 Here's today's recordingForex Trading Room Session. Inside Today’s Forex Trading Room Session we analyzed the charts for the upcoming week, we start with the higher time frames and then check the lower time frames to look for intraday opportunities. Today we analyzed the charts by Supply & Demand method and show how this method is relevant only for other kinds of assets like XAUUSD and SPX500. After that, we discussed some FX pairs for all time frames,...
Hi, SPX and GOLD? Interesting as I do not have these available on the MT4. I am in phase I, should I understand the scope of products available for trading is larger on phase II ?
I used to be indecisive but now I'm not so sure...
  • #890
  • Jan 12, 2021 3:44am Jan 12, 2021 3:44am
Quoting Filipo1
{quote} Hi, SPX and GOLD? Interesting as I do not have these available on the MT4. I am in phase I, should I understand the scope of products available for trading is larger on phase II ?
Hey Filipo1

It is currently not possible to trade gold and indices with us.
In every trading room, the traders ask for analyzes for all kinds of pairs and sometimes also for indices, And Snir is, of course, happy to assist and analyzes them according to his strategy.
I wish you success!
We are Forex traders - Come trade with us
  • #891
  • Jan 12, 2021 7:23am Jan 12, 2021 7:23am
Quoting The5ersTF
{quote} Hey Filipo1 It is currently not possible to trade gold and indices with us. In every trading room, the traders ask for analyzes for all kinds of pairs and sometimes also for indices, And Snir is, of course, happy to assist and analyzes them according to his strategy. I wish you success!
Ok noted, thanks for the return.
I used to be indecisive but now I'm not so sure...
  • #892
  • Jan 12, 2021 11:33am Jan 12, 2021 11:33am
Quoting The5ersTF
{quote} Hey propftrader You could do that, a lot of traders reach the target before they complete 20 days and then open trades of 0.01 lots. It is true that we want to see them continue to trade, but once they have proven their abilities, we understand this so we are flexible about the situation. I wish you success!
Ok, many thanks for the fast response.
  • #893
  • Jan 12, 2021 1:40pm Jan 12, 2021 1:40pm
Quoting pipmaster77
{quote} I'm in my second week with 5%ers, been with FTMO since June (funded in September). This is just a wild guess.....but I bet the success rate is that of any other prop firm which is the same as anyone trading their own personal account. If you understand money management and risk, you can be successful, if you don't, you won't. I can tell you one thing, whether prop firm or personal account, clawing your way out of 30% DD would require such position sizing, it will take forever to get out of. If you don't adjust position sizing, you'll find...
Craziest thing.... I made 1% today with the 5%ers and I didn't need 30% DD to do so, I think it may have gotten up to 0.4% at one point. I must just be lucky.
  • #894
  • Jan 12, 2021 1:53pm Jan 12, 2021 1:53pm
Quoting pipmaster77
{quote} Craziest thing.... I made 1% today with the 5%ers and I didn't need 30% DD to do so, I think it may have gotten up to 0.4% at one point. I must just be lucky.

if someone gives u 30% DD it does not mean that you have to use 30% you can as I do work to 10% if I go over by 5% it’s not an issue ... theoretically never going anywhere near 30%

I have posted my results for past 6 months ooo look the drawdown ...

And I have 30% limit... must be gambling
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  • #895
  • Jan 12, 2021 1:55pm Jan 12, 2021 1:55pm
Quoting pipmaster77
{quote} Craziest thing.... I made 1% today with the 5%ers and I didn't need 30% DD to do so, I think it may have gotten up to 0.4% at one point. I must just be lucky.
Stop making too much sense right now! Of course everybody needs 75% DD to make 1%. With all the market manipulation and broker manipulation, these prop firms are scams for not allowing everyone to use 100% of account.

Hold up hold up, here's my favorite. "If I have a 50k account but only have 1% risk, then that means my actual account size is only $500, what scammers!"

On a more serious note, nice job, but I'm up 2.4% today
The best strategy is a profitable one.
  • #896
  • Jan 12, 2021 2:05pm Jan 12, 2021 2:05pm
Quoting allinazi
{quote} if someone gives u 30% DD it does not mean that you have to use 30% you can as I do work to 10% if I go over by 5% it’s not an issue ... theoretically never going anywhere near 30% I have posted my results for past 6 months ooo look the drawdown ... And I have 30% limit {image} {image}
Yes, but its not your money, its theirs. Every person has a different risk tolerance. I've traded funds for investors directly, some people feel comfortable with just 5%, others 15%. 5ers risk tolerance is 4%, its that simple. If you feel comfortable risking 30% of your own money, then do that. Great. But people who complain because someone else doesn't share that view is dumb.

You obviously get sour about it because you want to trade for them but their risk rules don't fit into your strategy. Open dialogue is a lot better than being condescending, especially when, once again, its NOT YOUR money. My very first post to Gus was just this, open dialogue and asking if any adjustments could be made. He respected my opinion that I felt 1:10 margin was more sufficient, and I respected his opinion that 1:5 margin was sufficient. He went middle ground cause he changed it to 1:6 (I'll take the small victory, lol).

Ten years ago you could never find any opportunity like this, giving random people trading funds that you didn't teach and mentor yourselves, in-house. How quick would you be to send me 10k and let me have a 50% DD with YOUR money. You don't even know me. People are so unrealistic.

Anyway, I'm obviously back from my 1 month vacation I take at the end of the year. Hope everyone's holiday was a good one.
The best strategy is a profitable one.
  • #897
  • Jan 12, 2021 2:10pm Jan 12, 2021 2:10pm
Quoting AnRan
{quote} Yes, but its not your money, its theirs. Every person has a different risk tolerance. I've traded funds for investors directly, some people feel comfortable with just 5%, others 15%. 5ers risk tolerance is 4%, its that simple. If you feel comfortable risking 30% of your own money, then do that. Great. But people who complain because someone else doesn't share that view is dumb. You obviously get sour about it because you want to trade for them but their risk rules don't fit into your strategy. Open dialogue is a lot better than being condescending,...


only reason things went mental yesteday because I asked about success rate for guys over a year

I can tell you FTMOS and BLUFX but no one seemed to tell
Me here ...
I have zero interest to trade for them I have plenty of private clients and the funding program that doesn’t require hoops jump to

you guys need to stop with assuming things ...

you assume I want to trade with them - WRONG
  • #898
  • Jan 12, 2021 2:20pm Jan 12, 2021 2:20pm
Quoting allinazi
{quote} only reason things went mental yesteday because I asked about success rate for guys over a year I can tell you FTMOS and BLUFX but no one seemed to tell Me here ... I have zero interest to trade for them I have plenty of private clients and the funding program that doesn’t require hoops jump to you guys need to stop with assuming things ... you assume I want to trade with them - WRONG
Dude, that probably works with some of these other folks but thats pushing it with me. I actually DO trade funds for other people. I've shown people a 7 figure account on here. The idea that a firm with no limitations other than risk can hand out up to 1.28 million is free money. Me adding a 5ers account on a copier software and just trading our main account as we normally do, but set the software to remain within their risk parameters takes no effort. And the account is literally a set and forget.

It doesn't need to be my bread and butter, that doesn't stop me from realizing I can still draw some cash out of it.

And I agree with you, 95% of the people on here can't do what you ask. But you probably already know that, because 95% of people can't do that at all, prop firm or not. So it's a useless, moot point to take a general sticking point of the entire day trading community and stick it onto 1 firm. And a firm thats name is 5%, because they are literally telling you 95% are failing, lol.
The best strategy is a profitable one.
  • #899
  • Jan 12, 2021 2:28pm Jan 12, 2021 2:28pm
Quoting AnRan
{quote} Dude, that probably works with some of these other folks but thats pushing it with me. I actually DO trade funds for other people. I've shown people a 7 figure account on here. The idea that a firm with no limitations other than risk can hand out up to 1.28 million is free money. Me adding a 5ers account on a copier software and just trading our main account as we normally do, but set the software to remain within their risk parameters takes no effort. And the account is literally a set and forget. It doesn't need to be my bread and butter,...

hahah the answer is in their name ... I like it

but yes in all seriousness it does make sense what you are doing
  • #900
  • Jan 12, 2021 2:58pm Jan 12, 2021 2:58pm
Quoting allinazi
{quote} if someone gives u 30% DD it does not mean that you have to use 30% you can as I do work to 10% if I go over by 5% it’s not an issue ... theoretically never going anywhere near 30% I have posted my results for past 6 months ooo look the drawdown ... And I have 30% limit... must be gambling {image} {image}
Very solid results. Serious question, as I know the 5%ers scaling program is far superior to most firms I am aware of.....you're peak drawdown is 5.2% , even if we look at deepest valley of 7.7% why not just tweak position sizes a bit and go for the larger capital offered at the 5%ers?
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