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  • #2,561
  • Jul 24, 2021 9:38pm Jul 24, 2021 9:38pm
Quoting wealthminers
{quote} Thanks Masterrmind, yeah, i do risk max 3% on personal account, will likely do 0.5 to 1.5 on challenge account and work my way up. I trade indices (us100, us30 , us500) and USOIL only. Hopefully, these prop firms have a nice spread on these instrument, am looking to start with ftmo 50k challenge and work my way up to the max out ftmo 400k capital with profits from subsequent challenges within 7 months duration. I hope it's a nice plan and achievable?
Have you tried the FTMO trial yet ?

If not please test your system out on it before parting with the risk capital.

Feel free to post your progress to this thread.

Masterrmind .........
Master your Mind then Master your Trades
  • #2,562
  • Jul 25, 2021 12:10am Jul 25, 2021 12:10am
I am taking a FTMO trial TE is attached
Allergic to bullshitters, never argue with fools
  • #2,563
  • Jul 25, 2021 2:02am Jul 25, 2021 2:02am
One more prop fund kind of funds providing website

https://coinandfx.com/
Allergic to bullshitters, never argue with fools
  • #2,564
  • Jul 25, 2021 2:12am Jul 25, 2021 2:12am
Quoting Muhammedfx
One more prop fund kind of funds providing website https://coinandfx.com/

A professionally created website with 2 layers of menu option. .
Attached Image (click to enlarge)
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Trading is SIMPLE not EASY.
  • #2,565
  • Jul 25, 2021 2:15am Jul 25, 2021 2:15am
Quoting garfield75
{quote} A professionally created website with 2 layers of menu option. . {image}
Yeah also the fees is really low 6 dollars only
Allergic to bullshitters, never argue with fools
  • #2,566
  • Jul 25, 2021 3:24am Jul 25, 2021 3:24am
They/he/ She want/s fee only.

lol
Intraday only.
  • #2,567
  • Jul 25, 2021 4:43am Jul 25, 2021 4:43am
Quoting garfield75
{quote} A professionally created website with 2 layers of menu option. . {image}
Total garbage.

They even charge 10% for a withdrawal.

Clicking on terms and conditions throws you straight back to the register page ....who created this site OMG..

That url won't even make it into Post 1.

Bin it please.

Masterrmind .........
Master your Mind then Master your Trades
  • #2,568
  • Jul 25, 2021 5:03am Jul 25, 2021 5:03am
A quick search brought up this new entrant into the retail Prop Firm space.

Finotive Funding out of Hungary.

200K challenge is $1100 but 400:1 leverage...hmmm

No trading restrictions.

Straight forward trading objectives.

Profit split 75/25.

Close all trades month end.

News trading ok.

Holding trades over weekend ok.

At least the website works.

As for the conditions best to judge it yourselves as it's fresh.

I will put it's url in Post 1 now.

Masterrmind ..........
Master your Mind then Master your Trades
  • #2,569
  • Jul 25, 2021 5:19am Jul 25, 2021 5:19am
Quoting Masterrmind
A quick search brought up this new entrant into the retail Prop Firm space. Finotive Funding out of Hungary. 200K challenge is $1100 but 400:1 leverage...hmmm No trading restrictions. Straight forward trading objectives. Profit split 75/25. Close all trades month end. News trading ok. Holding trades over weekend ok. At least the website works. As for the conditions best to judge it yourselves as it's fresh. I will put it's url in Post 1 now. Masterrmind ..........
Finotive Funding:

Profit target Phase 1 is 9%
Duration up to 30 days.

Profit target Phase 2 is 7.5%.
Duration up to 60 days.

5% daily DD limit.

10% max DD limit.

Minimum 12 trading days.

I think their US$1100 participation fee for the $200k challenge is too expensive when compared to the other 'top' offerings or FTMO and MFF currently.

However, it might be a future contender when the top Prop Firms have been maxed out re funding for individual traders.

They argue that it's worth it due to higher leverage offered and less trading restrictions compared to its competitors.

I still think they have much work to do to make the model more appealing.


Masterrmind ..........
Master your Mind then Master your Trades
  • #2,570
  • Jul 25, 2021 6:20am Jul 25, 2021 6:20am
Close all trade at month end is bullcrap
Allergic to bullshitters, never argue with fools
  • #2,571
  • Jul 25, 2021 6:32am Jul 25, 2021 6:32am
Quoting Masterrmind
{quote} Certainly less risky by the numbers. However, in the FTMO thread early on Leweg1 passed the challenge but failed the verification applying identical risk management with about a 1% risk per trade. How did he fail ? Account basically 'bled out' with a multiple trade losing streak until max DD was tagged. It's not always just about the risk, sometimes the market humbles you. Masterrmind ..........
Death by a thousand cuts. Experienced that many times in the past.
You can have the best money management plan in the world but if the other side of the equation (a profitable trading edge) is not in place, you will end up gradually managing your account to nothing. Slowly but surely.

In the case of Leweg, i think the trading system was the problem and the times when it worked were lucky exceptions.
Always best to test a strategy multiple times in different market conditions before giving this thing a shot...
  • #2,572
  • Jul 25, 2021 6:32am Jul 25, 2021 6:32am
Quoting Masterrmind
{quote} .........I think their US$1100 participation fee for the $200k challenge is too expensive when compared to the other 'top' offerings or FTMO and MFF currently............

I'm don't know this company,it's just reaction on price:
FTMO 200k usd acc - 1080,-eur it's give or take 1280,- usd - not cheaper
FT no 200k evaluation accounts,only 100k for 620,- - not cheaper
MFF definitly cheaper 979,- for 200k
Whether you think you can, or you think you can't,you're right. H.F.
  • #2,573
  • Edited 7:45am Jul 25, 2021 7:25am | Edited 7:45am
It's a real shame that FT don't do a 50k challenge (or even a 200k challenge). There is a huge difference between $175 and $620 !!

Can't understand why they don't have a better range of options like MYff or FTMO

Having said that I notice on the Myff thread that Myff have rules on trading live account like every trade has to have a stop loss - kinda problematic if one is a scalper!
  • #2,574
  • Jul 25, 2021 7:52am Jul 25, 2021 7:52am
Quoting Mtinifx
It's a real shame that FT don't do a 50k challenge (or even a 200k challenge). There is a huge difference between $175 and $620 !! Can't understand why they don't have a better range of options like MYff or FTMO Having said that I notice on the Myff thread that Myff have rules on trading live account like every trade has to have a stop loss - kinda problematic if one is a scalper!
Another rule, not sure if it's written somewhere, is the stop loss is not allowed too near the current price. Likewise Sltbe is disallowed.
Know what you trade
  • #2,575
  • Jul 25, 2021 7:56am Jul 25, 2021 7:56am
Quoting Masterrmind
{quote} Finotive Funding: Profit target Phase 1 is 9% Duration up to 30 days. Profit target Phase 2 is 7.5%. Duration up to 60 days. 5% daily DD limit. 10% max DD limit. Minimum 12 trading days. I think their US$1100 participation fee for the $200k challenge is too expensive when compared to the other 'top' offerings or FTMO and MFF currently. However, it might be a future contender when the top Prop Firms have been maxed out re funding for individual traders. They argue that it's worth it due to higher leverage offered and less trading restrictions...
IMO, the 400:1 is there to make folks lose the challenge quicker yet they tout it as a reason to charge higher fee, like it's a selling point. They must think they are dealing with amateurs, if they are trying to market to anyone in this thread..
  • #2,576
  • Jul 25, 2021 7:58am Jul 25, 2021 7:58am
Quoting Mtinifx
It's a real shame that FT don't do a 50k challenge (or even a 200k challenge). There is a huge difference between $175 and $620 !! Can't understand why they don't have a better range of options like MYff or FTMO Having said that I notice on the Myff thread that Myff have rules on trading live account like every trade has to have a stop loss - kinda problematic if one is a scalper!
Not eval, which is why I've been saying since the beginning, only model worth one's time and effort.
  • #2,577
  • Jul 25, 2021 8:02am Jul 25, 2021 8:02am
Got myself another 6k out of MFF. So quite happy there, pays for pizza with pineapples on it.
  • #2,578
  • Jul 25, 2021 8:08am Jul 25, 2021 8:08am
Quoting BWilliam
{quote} Another rule, not sure if it's written somewhere, is the stop loss is not allowed too near the current price. Likewise Sltbe is disallowed.
You're talking FT I assume?
  • #2,579
  • Jul 25, 2021 9:19am Jul 25, 2021 9:19am
Quoting pipmaster77
{quote} You're talking FT I assume?
No he's talking about Myff I think. I picked up the mandatory SL rule on live accounts from the MYff thread. Also another rule is that you have to trade for a minimum of 10 days

I looked on their website - doesn't say anything about trading rules on live account!
  • #2,580
  • Jul 25, 2021 9:29am Jul 25, 2021 9:29am
Quoting Mtinifx
{quote} No he's talking about Myff I think. I picked up the mandatory SL rule on live accounts from the MYff thread. Also another rule is that you have to trade for a minimum of 10 days I looked on their website - doesn't say anything about trading rules on live account!
Not sure about rapid or accelerated, but I can tell you with 100% certainty the eval account, all phases including live, does not require a stop loss. The only rule is your daily and overall DD. news trading is allowed, weekend holding is allowed, no lot size min or max, no consistency rules, 10 trading days is only 1st month on live, after 1st month that goes away as well. Actually, they cannot make this any simpler.......JUST TRADE, do not lose 5% in day or 12% overall.....THAT'S IT. I find FTMO swing account to be exactly the same, just with 30:1 (plenty for me) and 10% overall. I don't hold over the weekend and I do not "trade" the news, although occasionally will have a position I'd like to keep open during the news. So now I can copy trade MFF and FTMO without worrying about that news restriction (just in case). However, I will have 4 separate copy accounts as I will not be executing all the same trades in all accounts, just to diversify risk.
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