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prop firm new model - my trading journey

  • #781
  • Mar 11, 2021 11:50pm Mar 11, 2021 11:50pm
Quoting Phronesis24
{quote} Correction will take place but now it is still trending up mate Highly possible US news will push price to 1.4000 then correct
1.4000 was reached without crisis and price in correction mode.

Price Action is king
  • #782
  • Mar 12, 2021 1:31am Mar 12, 2021 1:31am
Just tested the waters with Gold trades

The condition looks good......Working with daily limit is much better. No restriction on lot size and strategy.

I will keep testing my ideas on this account to make sure it is not just one day luck.

By the end of this trial I will know if I able to meet all their rules and ready

Aiming 10% or more because that is the requirements of the challenge
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  • #783
  • Mar 12, 2021 9:00am Mar 12, 2021 9:00am
GU is bullish
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  • #784
  • Mar 12, 2021 9:13am Mar 12, 2021 9:13am
My trial results in 1 day

FTMO condition is great.......It looks like I managed to fit my strategy to comply with FTMO rules

I used 1 lot per trade


10% reached
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  • #785
  • Mar 13, 2021 9:54am Mar 13, 2021 9:54am
MtiniFx

Give more details about MFF

Bi-weekly payout
Critical conditions or rules
And this new 85% profit split
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  • #786
  • Mar 13, 2021 10:06am Mar 13, 2021 10:06am
Quoting Phronesis24
MtiniFx Give more details about MFF Bi-weekly payout Critical conditions or rules And this new 85% profit split {image}

I got the info from Blake Olsen's interview with the Myff boss.

https://www.facebook.com/groups/2296075200687446/
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  • #787
  • Edited 1:55am Mar 14, 2021 1:21am | Edited 1:55am
Quoting Mtinifx
{quote} I got the info from Blake Olsen's interview with the Myff boss. https://www.facebook.com/groups/2296075200687446/ https://www.youtube.com/watch?v=p5M1pVUoszI

This MFF guys just want to bury other Prop Firms.

FTMO must respond positively with their targets and profit share or else

This competition is healthy for Traders, it removes arrogance of this Prop Firms

85% profit share cannot be compared to 70%.........

8% target cannot be be compared to 10%

Below screenshots are very interesting accounts...........Do live account while going through the Challenge for 100K 85% account.......
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  • #788
  • Mar 18, 2021 10:26pm Mar 18, 2021 10:26pm
Just curious. Anyone looking to sign up when MFF launches their new accounts tomorrow?

If so, which one would you go for and why?
Amor Fati--F. Nietzsche
  • #789
  • Mar 18, 2021 11:05pm Mar 18, 2021 11:05pm
from the mff video above:

question: where did you source the capital for this mff in the first place?

answer: i bought some bitcoin years ago, and i have some rental properties and a few silent partners.

i am not sure that i could really swallow the above answer.

how much bitcoin do you own and can you show proof that you own it?
  • #790
  • Mar 19, 2021 11:05pm Mar 19, 2021 11:05pm
Anyone has info about the newly launched programs? Can't find details on the website.

Tbh, I find it weird that they picked the weekend to time its release.
Amor Fati--F. Nietzsche
  • #791
  • Mar 20, 2021 12:29am Mar 20, 2021 12:29am
That guy in the video don't seem to be very comfortable. His body language was not of a positive upright person who want to make a great announcement of a genuine product.
  • #792
  • Edited 5:29am Mar 20, 2021 5:18am | Edited 5:29am
Quoting doji
Anyone has info about the newly launched programs? Can't find details on the website. Tbh, I find it weird that they picked the weekend to time its release.
They have released the models that look like FTMO but supercharged for now

The main points to consider:

  1. Target is 8% and not 10%
  2. On evaluation target is 4% not 5%
  3. Their subscription fees are less
  4. Profit share 75 -85%
  5. The pay pay 2% if you pass challenge
  6. They pay 4% if you pass evaluation
  7. Refund your subscription fees plus 12% on top
  8. Your max drawdown is 12% not 10%
  9. They allow News Trading
  10. Holding position over weekend


They will release their live accounts on the 5th April


NEW EVALUATION MODELS
https://myforexfunds.com/product/100...tion-standard/
https://myforexfunds.com/product/200...tion-standard/
https://myforexfunds.com/product/500...tion-standard/
https://myforexfunds.com/product/100...tion-standard/


The rules: https://myforexfunds.com/evaluation/
Standard evaluation model: https://myforexfunds.com/product/100...tion-standard/
Aggressive evaluation model: https://myforexfunds.com/product/100...on-aggressive/

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  • #793
  • Mar 21, 2021 8:59am Mar 21, 2021 8:59am
Came across the most recent MFF founder interview here:

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Amor Fati--F. Nietzsche
  • #794
  • Mar 21, 2021 9:35am Mar 21, 2021 9:35am
I trade via ea that I designed. I understand that MFF do not accept ea.

Are there any disclosures I have to make to be able to trade via ea?
  • #795
  • Mar 21, 2021 9:56am Mar 21, 2021 9:56am
Quoting driven18
I trade via ea that I designed. I understand that MFF do not accept ea. Are there any disclosures I have to make to be able to trade via ea?
For the new challenge model, they do allow EA trading, however, you must submit a copy of the EA for them to analyze it and approve or something like that.
  • #796
  • Mar 21, 2021 10:28am Mar 21, 2021 10:28am
Quoting Koop
{quote} For the new challenge model, they do allow EA trading, however, you must submit a copy of the EA for them to analyze it and approve or something like that.
I see this statement: "EA usage is allowed. However, they must be submitted for assessment before usage." I will talk to them and see what they mean by "assessment"
  • #797
  • Mar 21, 2021 11:28pm Mar 21, 2021 11:28pm
Do you know that when I sauntered over to the MFF website, I was shocked to learn that all the Standard Evaluation Accounts (from 10k to 100k) are marked "Sold Out?" Didn't bother to look at the Agressive Accounts but I suspect they might be, too.

Good luck, everyone! Hope MFF lives up to your expectations...
Amor Fati--F. Nietzsche
  • #798
  • Mar 22, 2021 12:23am Mar 22, 2021 12:23am
Quoting jmoreno
from the mff video above: question: where did you source the capital for this mff in the first place? answer: i bought some bitcoin years ago, and i have some rental properties and a few silent partners. i am not sure that i could really swallow the above answer. how much bitcoin do you own and can you show proof that you own it?
I was shocked aswell when i heard it.One thing is for certain they are living off of the deposits we make. Not only MFF but all prop trading firms. Why would anyone need a deposit. they can let us trade the very same demo account without paying us for 3 months. If we make a profit then they can just take us in or throw us out. These initial profit targets is the way to get most even the experienced traders out of business.

Most get through the 1st step by mere luck.Not saying they dont know how to trade,but for the kind of rules they have its very very tough to achieve those results with absurd rules all these compnaies have come up with.Mff guy says he has bitcoins heights of foolishness.FTMo or any company is there empty your pockets.

Go to youtube and type ftmo or prop firms. The traders that you will see are mostly boys whose balls hasnt even started hanging.they are probably just out of school. If trading forex was that easy i think just about everyone would quit work and start trading. Its a BAIT beware.
Avoid what is Strong,Strike at what is Weak
  • #799
  • Mar 22, 2021 1:26am Mar 22, 2021 1:26am
Quoting magentfx
{quote}Go to youtube and type ftmo or prop firms. The traders that you will see are mostly boys whose balls hasnt even started hanging.
hahaha
  • #800
  • Mar 22, 2021 3:13am Mar 22, 2021 3:13am
Quoting doji
Do you know that when I sauntered over to the MFF website, I was shocked to learn that all the Standard Evaluation Accounts (from 10k to 100k) are marked "Sold Out?" Didn't bother to look at the Agressive Accounts but I suspect they might be, too. Good luck, everyone! Hope MFF lives up to your expectations...
They encountered challenges during launched of their new product........Their system could not handle the influx of orders so they had to stop new purchases to complete already purchased orders. That is understandable

They said they are not sold out but they put a temporary pause.......

English is not everybody's cup of tea......They put sold out instead of something else

Give them time the dust will settle.
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