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The5ers - Trading & Growth Program

  • #1,261
  • Jun 13, 2021 2:49am Jun 13, 2021 2:49am
Live Webinar - The Wonders of The Spinning Top with Yaniv Elbaz

High-probability trades that come after spinning tops are created(both for continuation and reversals)

Jun 17, 2021, 09:00 AM in Eastern Time (US and Canada)

Register Here for free:
https://zoom.us/webinar/register/WN_...RnSJJ2ufnB1SLA

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We are Forex traders - Come trade with us
  • #1,262
  • Jun 14, 2021 7:18am Jun 14, 2021 7:18am
Hello 5ers

We just added new resources.

Forex Scalping Workshop and Forex Supply & Demand Workshop

You can find them under the resources menu.

https://the5ers.com/supply-demand-workshop/


https://the5ers.com/forex-sculping-workshop/

Enjoy

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  • #1,263
  • Jun 14, 2021 7:58am Jun 14, 2021 7:58am
Quoting The5ersTF
{quote} Hey ElectricSavant Target banked Static drawdown does not float Calendar days Best Regards
I am taking your summer challenge and I am impressed, I always give credit where it is due!

The "Static drawdown" is magic... I love it cause as long as a trader is positive it adds to your drawdown

I have 2 questions that I cannot find the answer anywhere, on the dashboard there are challenge 2 and challenge 3,
where are the details for those

Also once these are passed does the trader go on to a live account, if yes how much will that deposit be?

Thank you
Those who don't believe in magic will never find it
  • #1,264
  • Jun 14, 2021 8:07am Jun 14, 2021 8:07am
Quoting PayTheBid
{quote} I am taking your summer challenge and I am impressed, I always give credit where it is due! The "Static drawdown" is magic... I love it cause as long as a trader is positive it adds to your drawdown I have 2 questions that I cannot find the answer anywhere, on the dashboard there are challenge 2 and challenge 3, where are the details for those Also once these are passed does the trader go on to a live account, if yes how much will that deposit be? Thank you
Hey PayTheBid

Thanks for your kind words.

As for your question, its best to contacts support via mail: [email protected], or via live chat: www.the5ers.com

Best Regards
We are Forex traders - Come trade with us
  • #1,265
  • Jun 14, 2021 9:19am Jun 14, 2021 9:19am
Forex Trading Room on June 14 – 18, 2021

Here's today's recording Forex Trading Room Session.

In today’s trading room, 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.

We recognized a correlation across JPY pairs where we see the Yen very weak against other currencies.

We spot buy opportunity on GBP/JPY after a retracement on the 5m chart that aligns with the long term bullish trend.


- Don't miss our new summer plan. The5ers present the first free challenge. Pay only upon success!

– New at The5ers – No more minimum days or trades required! We have decided to eliminate the minimum requirements for Level 1 accounts.

Don't miss our new resource, Forex Trading Ideas. Find the best setups in the market right now, improve your skills and have more confidence in your strategies, and engage with the trading community of forex traders.

Enjoy!

Attached Image (click to enlarge)
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  • #1,266
  • Jun 14, 2021 8:24pm Jun 14, 2021 8:24pm
hello, regarding the free evaluation rule, “Opening trades near high impact news is not allowed during the Challenges”.

Different economic calendars rate news events differently in terms of impact. Is the Forex Factory calendar the benchmark for determining which releases are high impact and which are not?

Secondly, please define “near”…would 15minutes either side suffice?
  • #1,267
  • Jun 15, 2021 12:45am Jun 15, 2021 12:45am
Quoting Le.Metier
hello, regarding the free evaluation rule, “Opening trades near high impact news is not allowed during the Challenges”. Different economic calendars rate news events differently in terms of impact. Is the Forex Factory calendar the benchmark for determining which releases are high impact and which are not? Secondly, please define “near”…would 15minutes either side suffice?
Hey Le.Metier

Follow the news on MT5.
As for the trade, you are allowed to open up to five minutes before the news. If you are with an open trade you do not have to close it.

Best Regards
We are Forex traders - Come trade with us
  • #1,268
  • Jun 15, 2021 3:29am Jun 15, 2021 3:29am
Quoting PayTheBid
I am taking your summer challenge and I am impressed, I always give credit where it is due!
I agree. It's a great opportunity. There's absolutely no pressure placed on your strategy during the evaluation. And it's free to have a go, so why wouldn't you. This program will attract 1000's of applicants in it current format I expect.
  • #1,269
  • Jun 15, 2021 5:49am Jun 15, 2021 5:49am
Quoting Le.Metier
{quote} I agree. It's a great opportunity. There's absolutely no pressure placed on your strategy during the evaluation. And it's free to have a go, so why wouldn't you. This program will attract 1000's of applicants in it current format I expect.
I am reading some comments and I laugh....
Whoever does not like this opportunity must be "a competitor"

I read a funny comment about why another prop does not have static drawdown levels and have trailing....
"because they do not want to encourage gambling".... gimme a break lol, if a trader has those kind of tendencies
he should not be doing these challenges anyways cause it is 100% he will be stopped out with the trailing stops model

"Trailing stops....and you have 30 days.... " if you are a pro you can do it but over 95% that will take that model will
crash and burn

This challenge made me a believer, the only thing I do not like is the mt5...but getting used to it
Those who don't believe in magic will never find it
  • #1,270
  • Jun 15, 2021 6:59am Jun 15, 2021 6:59am
Quoting PayTheBid
{quote} I am reading some comments and I laugh.... Whoever does not like this opportunity must be "a competitor" I read a funny comment about why another prop does not have static drawdown levels and have trailing.... "because they do not want to encourage gambling".... gimme a break lol, if a trader has those kind of tendencies he should not be doing these challenges anyways cause it is 100% he will be stopped out with the trailing stops model "Trailing stops....and you have 30 days.... " if you are a pro you can do it but over 95% that will take...
I agree 100%. This challenge is like all challenge models without the time pressure or the cost. Once you pass, DD is still only 4%, but on a 100K account and cost is only $300. So $300 for 4K in DD with no prior or additional cost. This is definitely a "why not, what do I have to lose?" opportunity.
  • #1,271
  • Jun 15, 2021 9:46am Jun 15, 2021 9:46am
Forex Trading Room on June 15, 2021

Here's today's recording Forex Trading Room Session.

In today’s trading room, we analyzed 2 successful positions after detecting an entry opportunity yesterday.

A long buy swing on USDCAD in a reversal momentum on the Weekly Chart and a buy on USDJPY for a following-trend trade on the H4.

We also discussed other pairs approaching important zones, like the GBPUSD that broke his weekly support.


- Don't miss our new summer plan. The5ers present the first free challenge. Pay only upon success!

– New at The5ers – No more minimum days or trades required! We have decided to eliminate the minimum requirements for Level 1 accounts.

Don't miss our new resource, Forex Trading Ideas. Find the best setups in the market right now, improve your skills and have more confidence in your strategies, and engage with the trading community of forex traders.

Enjoy!

Attached Image (click to enlarge)
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  • #1,272
  • Jun 16, 2021 8:38am Jun 16, 2021 8:38am
Quoting The5ersTF
{quote} Hey Le.Metier Follow the news on MT5. As for the trade, you are allowed to open up to five minutes before the news. If you are with an open trade you do not have to close it. Best Regards
If I open a trade for example five minutes before the news, and then it hit TP or SL or I manually close the trade to take profit/cut loss right after the news, will it be considered as violation to the rule?

It said on the website, the free-evaluation maximum loss is 5%, I assume it is the balance, not equity. CMIIW
  • #1,273
  • Jun 16, 2021 8:47am Jun 16, 2021 8:47am
Quoting Jay3ast
{quote} If I open a trade for example five minutes before the news, and then it hit TP or SL or I manually close the trade to take profit/cut loss right after the news, will it be considered as violation to the rule? It said on the website, the free-evaluation maximum loss is 5%, I assume it is the balance, not equity. CMIIW
hey Jay3ast

If you open the trade up to 5 minutes before the news, there is no problem!

Best Regards
We are Forex traders - Come trade with us
  • #1,274
  • Jun 16, 2021 9:09am Jun 16, 2021 9:09am
Quoting The5ersTF
{quote} hey Jay3ast If you open the trade up to 5 minutes before the news, there is no problem! Best Regards
What about max 5% drawdown, is it calculated from balance or equity?
  • #1,275
  • Jun 16, 2021 9:12am Jun 16, 2021 9:12am
Quoting Jay3ast
{quote} What about max 5% drawdown, is it calculated from balance or equity?
Hey Jay3ast

From balance!

Best Regards
We are Forex traders - Come trade with us
  • #1,276
  • Jun 17, 2021 3:18am Jun 17, 2021 3:18am
Today Live Webinar - The Wonders of The Spinning Top with Yaniv Elbaz

High-probability trades that come after spinning tops are created(both for continuation and reversals)

Today - Jun 17, 2021, 09:00 AM in Eastern Time (US and Canada)

Register Here for Free:
https://zoom.us/webinar/register/WN_...RnSJJ2ufnB1SLA

Attached Image (click to enlarge)
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  • #1,277
  • Jun 18, 2021 1:37am Jun 18, 2021 1:37am
Hi there,

I have a question regarding the summer program.

I was informed that you have a 2 minutes time to set the stop loss for each market order. Isn't this the case for the summer program too?
  • #1,278
  • Jun 18, 2021 1:42am Jun 18, 2021 1:42am
Quoting daytradrfx
Hi there, I have a question regarding the summer program. I was informed that you have a 2 minutes time to set the stop loss for each market order. Isn't this the case for the summer program too?
Hey daytradrfx

Yes, also in the summer plan, you have 2 minutes to set stop loss

Best Regards
We are Forex traders - Come trade with us
  • #1,279
  • Edited 7:23am Jun 18, 2021 7:12am | Edited 7:23am
Quoting The5ersTF
{quote} Hey daytradrfx Yes, also in the summer plan, you have 2 minutes to set stop loss Best Regards
Having problems logging into your help centre - it always says ID/PW combination is invalid although I have no problems with it on main website? Wrote email yesterday, but no reply until now. No humans around on live help during official hours too.

What should I do?
  • #1,280
  • Jun 18, 2021 12:13pm Jun 18, 2021 12:13pm
Quoting ;13590139
{quote} Having problems logging into your help centre - it always says ID/PW combination is invalid although I have no problems with it on main website? Wrote email yesterday, but no reply until now. No humans around on live help during official hours too. What should I do?
Hey MaryAnne

Can you send me a mail: [email protected]

Best Regards
We are Forex traders - Come trade with us
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