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prop firm new model - my trading journey

  • #741
  • Jan 17, 2021 11:15pm Jan 17, 2021 11:15pm
Quoting hello966
{quote} I am a funded trader in FTMO. I received 70% profit split for the past 3 months.... now i am doing research on myforexfunds if they are legit... not much review on the net so far. {image} {image} {image}
Hi hello966, I am from malaysia too, may i know how did you withdraw your FTMO profit split to bank account? Did they ask you anything about it? how did you answer them? Please advice, Thank you
  • #742
  • Jan 18, 2021 11:06am Jan 18, 2021 11:06am
Hi MFF traders.

Has anyone ever got to the live account?

I've only seen posts about their bi-weekly payments, but not about the earnings from funded traders.
  • #743
  • Jan 26, 2021 11:53pm Jan 26, 2021 11:53pm
Quoting justadream
{quote} Hi hello966, I am from malaysia too, may i know how did you withdraw your FTMO profit split to bank account? Did they ask you anything about it? how did you answer them? Please advice, Thank you
nothing to worry... they just use local bank transfer. not TT.

can pm me if got further question. i seldom visit FF webpage.
  • #744
  • Jan 26, 2021 11:54pm Jan 26, 2021 11:54pm
Quoting NoobIncoming
Hi MFF traders. Has anyone ever got to the live account? I've only seen posts about their bi-weekly payments, but not about the earnings from funded traders.
I don't see it either...

Maybe no one got funded yet.
  • #745
  • Jan 31, 2021 5:22pm Jan 31, 2021 5:22pm
Quoting hello966
{quote} I don't see it either... Maybe no one got funded yet.
I think some did. Look on the Facebook page
  • #746
  • Feb 2, 2021 10:25am Feb 2, 2021 10:25am
Well I'm on the road again - looks like only a few are still going
  • #747
  • Feb 3, 2021 6:59am Feb 3, 2021 6:59am
Finally got myself to risk some spare money on the MFF 100k(with consistency rules). Started yesterday, first pay out expected around the 12th.
Will update ya'll on how it goes .


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Not as confusing as i thought it would be, thanks to this excel thing.
  • #748
  • Feb 8, 2021 3:47am Feb 8, 2021 3:47am
Hey guys,

I'm having some problems understanding how consistency rules for the second trading week should apply. The LIVE chat guys at MFF just confuse me further.

For instance, I close out the first week with an average lot size of 20 lots.

How do I proceed for the following week? I'm told I should multiply the first week average by 2 to get the max for the new week and divide by 2 to get the minimum. But when I do that I just arrive at the max and min of the previous week.

20 lots average previous week
New week max - 40 lots
New week min - 10 lots

And I would be expected daily to stay within these limits in the new week? Is that correct?

Thanks.
  • #749
  • Feb 9, 2021 4:37am Feb 9, 2021 4:37am
Quoting Koop
Hey guys, I'm having some problems understanding how consistency rules for the second trading week should apply. The LIVE chat guys at MFF just confuse me further. For instance, I close out the first week with an average lot size of 20 lots. How do I proceed for the following week? I'm told I should multiply the first week average by 2 to get the max for the new week and divide by 2 to get the minimum. But when I do that I just arrive at the max and min of the previous week. 20 lots average previous week New week max - 40 lots New week min - 10...
Aside from the daily average they also calculate weekly average. On your sheet, you know when put all your total trades for the day on day 1. Instead, for the weekly you put your weekly average. So for week 1, put that average in the cell of day 1 (just rename it).

For example, if your first weeks average is 20. You put 20 on day 1 of your sheet. And if your second week you average 30 you put that on day 2 of your sheet. So now your new average for those two weeks is 25. Then divide it by 2 and multiply by 2. Then your third week should not be more or below those. Too much hassle having to worry about consistency everyday.
  • #750
  • Feb 9, 2021 4:44am Feb 9, 2021 4:44am
Quoting Koop
Hey guys, I'm having some problems understanding how consistency rules for the second trading week should apply. The LIVE chat guys at MFF just confuse me further. For instance, I close out the first week with an average lot size of 20 lots. How do I proceed for the following week? I'm told I should multiply the first week average by 2 to get the max for the new week and divide by 2 to get the minimum. But when I do that I just arrive at the max and min of the previous week. 20 lots average previous week New week max - 40 lots New week min - 10...
Are you in a monthly subscription? Then you are pressured to make a minimum 1% a day to make somewhat so and so money and beat that subscription fee.
  • #751
  • Feb 9, 2021 5:46am Feb 9, 2021 5:46am
Quoting maflip
{quote} Aside from the daily average they also calculate weekly average. On your sheet, you know when put all your total trades for the day on day 1. Instead, for the weekly you put your weekly average. So for week 1, put that average in the cell of day 1 (just rename it). For example, if your first weeks average is 20. You put 20 on day 1 of your sheet. And if your second week you average 30 you put that on day 2 of your sheet. So now your new average for those two weeks is 25. Then divide it by 2 and multiply by 2. Then your third week should...

Oh this makes much more sense now. Thank you.
  • #752
  • Feb 9, 2021 5:50am Feb 9, 2021 5:50am
Quoting maflip
{quote} Are you in a monthly subscription? Then you are pressured to make a minimum 1% a day to make somewhat so and so money and beat that subscription fee.
Lol yeah, the subscription thing is now my major concern. I thought the consistency would be a problem, but I devised a way to manage it. The small bonus/profit split is the only thing that really bothers me, especially when you subtract monthly subs.

I don't intend to trade with them for too long.. Maybe for a month or two while I wait for my ID renewal so I could try other guys
  • #753
  • Feb 12, 2021 6:45am Feb 12, 2021 6:45am
Quoting Koop
{quote} Lol yeah, the subscription thing is now my major concern. I thought the consistency would be a problem, but I devised a way to manage it. The small bonus/profit split is the only thing that really bothers me, especially when you subtract monthly subs. I don't intend to trade with them for too long.. Maybe for a month or two while I wait for my ID renewal so I could try other guys
Well... You are going to MFF, me going to FTMO. Getting tired of the low payout at MFF. lol. Even with a 25k account, with FTMO I'll still make more money there. One last FTMO Free Trial, and I swear I'll do a challenge. Gonna start with 25k, then buy a 100k account. Same what I did with MFF, I start small.

Also, been watching spread on FTMO on DAX, it seems their spread is better there than ICMarkets. Even after during US Session, spread of ICM increases but with FTMO it remains at low spread.
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  • #754
  • Feb 12, 2021 6:53am Feb 12, 2021 6:53am
A little bonus. I might have went in early on this one. They gotta clear the high of the previous H4 bar here so this trade is not looking good yet. Let's see, hoping for 23 pips then I move stop to BE. Then I let the rest run.
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  • #755
  • Feb 12, 2021 6:59am Feb 12, 2021 6:59am
Quoting maflip
A little bonus. I might have went in early on this one. They gotta clear the high of the previous H4 bar here so this trade is not looking good yet. Let's see, hoping for 23 pips then I move stop to BE. Then I let the rest run. {image}
Updated the TP. Again, looking for 23 pips to take half out then TP hopefully 146 pips. Trailing stop is H1 Fractal. Ok, Wish me luck. High of previous H4 bar is not taken out yet. So I need it. LOL. Also, I don't have a buy signal here.
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  • #756
  • Feb 12, 2021 8:50am Feb 12, 2021 8:50am
Quoting maflip
{quote} Updated the TP. Again, looking for 23 pips to take half out then TP hopefully 146 pips. Trailing stop is H1 Fractal. Ok, Wish me luck. High of previous H4 bar is not taken out yet. So I need it. LOL. Also, I don't have a buy signal here. {image}
And almost 2 hours later. Oops I got a buy setup after all when I switched to M30.

Now I got something to hold over the weekend.

+23 pips out. I'm thinking I just leave it at -23 pips SL. It's still similar to BE at this point. Thinking about it....

Whatever Maflip you just got lucky..... AGAIN!!!

Now hopefully this new H4 candle close above previous H4 high. And bulls might be game for a bit higher next week.... Hopefully
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  • #757
  • Feb 12, 2021 10:14am Feb 12, 2021 10:14am
Quoting maflip
{quote} And almost 2 hours later. Oops I got a buy setup after all when I switched to M30. Now I got something to hold over the weekend. +23 pips out. I'm thinking I just leave it at -23 pips SL. It's still similar to BE at this point. Thinking about it.... Whatever Maflip you just got lucky..... AGAIN!!! ...
Another half out. In case it get fucked at this weeks high. Stop at BE. Dunno I'm thinking of just removing TP now. Just let it get stopped out at trailing..... Thinking about it.

Good trade. Fast and furious.

Ok, and this will be my last non MFF related post for the day... Promise...
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  • #758
  • Feb 14, 2021 8:40am Feb 14, 2021 8:40am
Quoting maflip
{quote} Well... You are going to MFF, me going to FTMO. Getting tired of the low payout at MFF. lol. Even with a 25k account, with FTMO I'll still make more money there. One last FTMO Free Trial, and I swear I'll do a challenge. Gonna start with 25k, then buy a 100k account. Same what I did with MFF, I start small. Also, been watching spread on FTMO on DAX, it seems their spread is better there than ICMarkets. Even after during US Session, spread of ICM increases but with FTMO it remains at low spread. {image}
lol Goodluck man. i'm only trying MFF because FTMO won't accept my temp. National ID.
it'll be ready in a month or two.
i'll try to get a few bucks from MFF till then. Currently in some drawdown, but i should be good for the second half of the month.
  • #759
  • Feb 14, 2021 8:47pm Feb 14, 2021 8:47pm
Quoting Koop
{quote} lol Goodluck man. i'm only trying MFF because FTMO won't accept my temp. National ID. it'll be ready in a month or two. i'll try to get a few bucks from MFF till then. Currently in some drawdown, but i should be good for the second half of the month.
MFF still have problems depositing profits to Paypal so my profit is still in the MFF wallet (I haven't withdrawn yet). Not a good deal with MFF bro due to that monthly subscription. Specially now that you are in draw down. Hopefully you can get that back to the positive side.

In the meantime. GU trade is currently up 95 pips. Last December there was a big bull/bear fight before Christmas and I think they might have finally made a decision. If that pattern works out, GU might even see the 1.41 areas. Will it get there for sure? Dunno, for now I just want my 150 pips from last Fridays trade. US Holiday later, so maybe more short squeeze coming to bring more GU up. Well... I hope so
  • #760
  • Edited Feb 15, 2021 3:31am Feb 14, 2021 8:56pm | Edited Feb 15, 2021 3:31am
Quoting maflip
{quote} MFF still have problems depositing profits to Paypal so my profit is still in the MFF wallet (I haven't withdrawn yet). Not a good deal with MFF bro due to that monthly subscription. Specially now that you are in draw down. Hopefully you can get that back to the positive side. In the meantime. GU trade is currently up 95 pips. Last December there was a big bull/bear fight before Christmas and I think they might have finally made a decision. If that pattern works out, GU might even see the 1.41 areas. Will it get...
GU Monthly double bottom? If this pattern works out I'm only asking 150 pips from this move. Reasonable right? This chart is long term, I don't trade long term. But some good info here.

Hopefully, Mtini doesn't mind me posting this. I just wanna help out some. Well, hopefully this chart is right that is.

Edit: *Moved stop up at the low of the first hour of London session. Currently up 105 pips. Locked 88 pips for profit (Trailing Stop)*

Edit: No fun my trailing got hit. It's not a Fractal trailing but. The first hour of LO bar getting broken. Could also mean something. So I got out at +89 pips. Might retrace a bit. Oh well, back to DAX
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