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  • #3,021
  • Aug 21, 2021 8:43am Aug 21, 2021 8:43am
Quoting Mtinifx
{quote} Lovely post and so true. Frankly I'm beginning to think that it's better to go with a Prop Company rhat's organised, established, reliable and has a really sound track record. FTMO are way, way ahead.
Well FTMO is 3 years ahead of its competitors. FTMO was equally crappy when they started their own server. Lot of slippages on indices server issues. It is standard software life cycle. MyFF and FT will catch them soon if they survive 2-3 years.
  • #3,022
  • Aug 21, 2021 3:00pm Aug 21, 2021 3:00pm
Quoting pipmaster77
{quote} Been with FTMO 11 months, just completed my 1st funded month with MFF. I consistently earn 3-5% with 1-1.5% DD. It's all about adjusting the risk. Those blowing accounts are obviously over trading.
why are you bothering with MFF isn't 400k enough with ftmo?
Anything above the line is an uptrend, below the line is a downtrend.
  • #3,023
  • Edited 5:31pm Aug 21, 2021 3:35pm | Edited 5:31pm
Quoting Degolep
{quote} why are you bothering with MFF isn't 400k enough with ftmo?
Important to diversify your prop firm portfolio just as you would for any investment portfolio.

What if FTMO goes bankrupt or if some Czech regulator steps in and tries to shut them down or suddenly makes them jump through 33 hoops to stay in business? Then pipmaster's trading accounts would add up to ZERO
Pride always comes before destruction.... -Proverbs 16:18
  • #3,024
  • Aug 21, 2021 5:22pm Aug 21, 2021 5:22pm
Quoting Expo33
{quote} Important to diversify your prop firm portfolio just as you would for any investment portfolio. What if FTMO goes bankrupt or if some Czech regulator steps in and tries to shut them down or suddebnly makes them jump through 33 hoops to stay in business? Then pipmaster's trading accounts would add up to ZERO
Exactly correct, Expo. In addition, MFF allows up to 600K with an 85% split. At 1% per week, you earn $11,200 with FTMO maxed out, with MFF it's $20,400.
  • #3,025
  • Aug 21, 2021 6:08pm Aug 21, 2021 6:08pm
Quoting pipmaster77
{quote} Exactly correct, Expo. In addition, MFF allows up to 600K with an 85% split. At 1% per week, you earn $11,200 with FTMO maxed out, with MFF it's $20,400.
Good Tip. 1% per week.
Can amount to a whole lot with a $500k+ account.
  • #3,026
  • Aug 21, 2021 6:12pm Aug 21, 2021 6:12pm
Quoting Koop
{quote} Good Tip. 1% per week. Can amount to a whole lot with a $500k+ account.
Not sure whether it is correct calculations.

Technically 500K is 50K (allowed drawdown) so 1% of 50K is 500$. Even with 1% target one can blow up accounts in 10 trades. Also dont forget phycological part if you loose 4-5 trades in a row you virtually lost 50% of account.
  • #3,027
  • Aug 21, 2021 6:24pm Aug 21, 2021 6:24pm
Quoting sampat
{quote} Not sure whether it is correct calculations. Technically 500K is 50K (allowed drawdown) so 1% of 50K is 500$. Even with 1% target one can blow up accounts in 10 trades. Also dont forget phycological part if you loose 4-5 trades in a row you virtually lost 50% of account.
Lol No Sam, you've got it all wrong.

A 500k balance is a 500k balance.
Risking 0.5% per trade, it would take you 10 straight losses to breach the max daily loss and 20 straight to breach Absolute DD. (should that person even be trading real money?)
It's left up to you to figure out how to manage your risk.
Risking only 0.5% of your 500k account per trade ($2500) using any trading system with a proven positive expectancy, 1% in a week shouldn't be so difficult.
Also if you're losing 5 to 10 trades in a row, then you probably shouldn't be trading at the time. Your strategy would require some reevaluation.
  • #3,028
  • Aug 21, 2021 7:54pm Aug 21, 2021 7:54pm
Quoting Koop
{quote} Lol No Sam, you've got it all wrong. A 500k balance is a 500k balance. Risking 0.5% per trade, it would take you 10 straight losses to breach the max daily loss and 20 straight to breach Absolute DD. (should that person even be trading real money?) It's left up to you to figure out how to manage your risk. Risking only 0.5% of your 500k account per trade ($2500) using any trading system with a proven positive expectancy, 1% in a week shouldn't be so difficult. Also if you're losing 5 to 10 trades in a row, then you probably shouldn't be...
May be you are true but by your logic 500K is not 500K it may be 50 million as you have 100:1 leverage so balance is not balance. It is only good when you are allowed to loose otherwise it is just paper money. Though I agree with you 1% per week can be split into 10-20 trades per week.
  • #3,029
  • Aug 21, 2021 8:08pm Aug 21, 2021 8:08pm
Quoting sampat
{quote} May be you are true but by your logic 500K is not 500K it may be 50 million as you have 100:1 leverage so balance is not balance. It is only good when you are allowed to loose otherwise it is just paper money. Though I agree with you 1% per week can be split into 10-20 trades per week.

Let’s assume you have a live account that is funded with 10K and has a leverage of 100:1. <--- Based on this information how would you answer if someone asked you these two questions below:-
· What is the balance of your account?
· If you had to risk 1% on that balance how much would that be in $ value?
Trading is SIMPLE not EASY.
  • #3,030
  • Aug 21, 2021 8:19pm Aug 21, 2021 8:19pm
Quoting garfield75
{quote} Let’s assume you have a live account that is funded with 10K and has a leverage of 100:1. <--- Based on this information how would you answer if someone asked you these two questions below:- · What is the balance of your account? · If you had to risk 1% on that balance how much would that be in $ value?
I value money I am allowed to loose. What's the point in having 1 million in trading account when you are allowed to loose 1K? If you have 10K account you only have 10% which is 1K no matter how much leverage you have.
  • #3,031
  • Aug 21, 2021 8:35pm Aug 21, 2021 8:35pm
Quoting sampat
{quote} I value money I am allowed to loose. What's the point in having 1 million in trading account when you are allowed to loose 1K? If you have 10K account you only have 10% which is 1K no matter how much leverage you have.
So with MFF, overall dd is 12%, FTMO is 10%. In addition, both have daily dd limit of 5% . Let's say you have 100K account with MFF, you can comfortably trade 1-2 standards ($10-20/pip). A 50 pip stop will put you at 0.5-1.0% DD. Let's say you take 2-3 trades per day, so 1-3% DD, I never go above 1%, but that's my personal risk threshold. If the account goes into DD initially, you need to adjust your position sizing based on remaining DD, so let's say your down 1K, you can now only lose 11K, your 0.5%-1% needs to be based on that new amount. It costs $499 for $100K account with MFF, you can not trade $10-20/pip if you just put $499 in a personal account. I have posted so much about this, why evals are so superior to the "scaling" models where the fee is higher than the DD allowed (now that is not a good deal and speaks exactly to your point). As far as the eval models, where you pay $500-650 for 10-12 K in DD, very beneficial to a profitable trader. I don't post much about it anymore, as it is just too exhausting trying to demonstrate simple math. Everyone just needs to figure it out for themselves, some get it, some refuse to.
  • #3,032
  • Aug 21, 2021 11:45pm Aug 21, 2021 11:45pm
Quoting pipmaster77
{quote} So with MFF, overall dd is 12%, FTMO is 10%. In addition, both have daily dd limit of 5% . Let's say you have 100K account with MFF, you can comfortably trade 1-2 standards ($10-20/pip). A 50 pip stop will put you at 0.5-1.0% DD. Let's say you take 2-3 trades per day, so 1-3% DD, I never go above 1%, but that's my personal risk threshold. If the account goes into DD initially, you need to adjust your position sizing based on remaining DD, so let's say your down 1K, you can now only lose 11K, your 0.5%-1% needs to be based on that new amount....
Some prefer to have personal experience than listening to advice. Just let them go, let them taste it.
I jump on it before receiving my refund by using the discount code from Expo33. So 449 for a DD of 5K not bad.
  • #3,033
  • Aug 22, 2021 2:31am Aug 22, 2021 2:31am
Has anyone tried MFF Accelerated Program? It's expensive but weekly payout, 50:1 and with the scaling feature makes it quite attractive I would say.
  • #3,034
  • Aug 22, 2021 4:18am Aug 22, 2021 4:18am
Quoting Mtinifx
Has anyone tried MFF Accelerated Program? It's expensive but weekly payout, 50:1 and with the scaling feature makes it quite attractive I would say.
and what the advantages compare to evaluation program except weekly payouts?
Whether you think you can, or you think you can't,you're right. H.F.
  • #3,035
  • Aug 22, 2021 7:31am Aug 22, 2021 7:31am
Quoting Degolep
{quote} why are you bothering with MFF isn't 400k enough with ftmo?
I never get this kind of argument. Why not both, and possibly even more? Just use a master account be it demo or your own account; set up trade copier to locally (on your computer) broadcast signals towards accounts you have with prop firms, if they allow (and most do).

Enjoy upping your exposure with a small fee being your only risk.
  • #3,036
  • Aug 22, 2021 10:42am Aug 22, 2021 10:42am
Quoting mixedbags
{quote} Some prefer to have personal experience than listening to advice. Just let them go, let them taste it. I jump on it before receiving my refund by using the discount code from Expo33. So 449 for a DD of 5K not bad.
Thanks for the shout out but it wasn't me that had the discount code.
Pride always comes before destruction.... -Proverbs 16:18
  • #3,037
  • Aug 22, 2021 1:10pm Aug 22, 2021 1:10pm
Ok folks,

Got another withdrawal from MFF, a pretty high one, and another FTMO.

I am contemplating messing with Daniel Savages scam, my mindset is that I will probably expose it pretty quick because there is no traffic on his site and its unlikely there is any review there.

Should I spend the $899 knowing full well I will probably never see that money back. The 800 buck option is the one that if it does work out and he decides payment will help him in the long run, I will get my money out faster. But if its a scam, its a scam and i will lose it.

Alternatively, if one of the 5 or 10 people that have actually signed up to his website is here, please advise me on your experience and save me the $800.
  • #3,038
  • Aug 22, 2021 1:31pm Aug 22, 2021 1:31pm
Quoting Takisd
Ok folks, Got another withdrawal from MFF, a pretty high one, and another FTMO. I am contemplating messing with Daniel Savages scam, my mindset is that I will probably expose it pretty quick because there is no traffic on his site and its unlikely there is any review there. Should I spend the $899 knowing full well I will probably never see that money back. The 800 buck option is the one that if it does work out and he decides payment will help him in the long run, I will get my money out faster. But if its a scam, its a scam and i will lose it....
Where can I find Daniel Savages firm?
My thing is wheather to use Fast pass with FT I mean I will use it it, I always got paid. So I think FT I mean if they stop paying it is over right. But still just switching from bi weekly to monthly. I got like 2 E Mails from them in 2 weeks with major changes.
  • #3,039
  • Aug 22, 2021 1:44pm Aug 22, 2021 1:44pm
Quoting Takisd
Ok folks, Got another withdrawal from MFF, a pretty high one, and another FTMO. I am contemplating messing with Daniel Savages scam, my mindset is that I will probably expose it pretty quick because there is no traffic on his site and its unlikely there is any review there. Should I spend the $899 knowing full well I will probably never see that money back. The 800 buck option is the one that if it does work out and he decides payment will help him in the long run, I will get my money out faster. But if its a scam, its a scam and i will lose it....
I know you must be bored just making all of this money, but my advice would be just keep trading MFF and FTMO. With that being said, you do save a lot of us time and money when you "expose" these BS companies rather quickly, just hate to see it be on your dime.
  • #3,040
  • Aug 22, 2021 1:57pm Aug 22, 2021 1:57pm
Quoting Simply-Me
{quote} and what the advantages compare to evaluation program except weekly payouts?
Well that's a big advantage for those who don't want to wait months before seeing any bucks. Payout every week is nice - however one has got to be a pro trader. Then there is the scaling. I was just wondering how popular the model is. There must be a demand otherwise I doubt if they would have offered the option.
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