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  • #4,781
  • Oct 23, 2021 12:45pm Oct 23, 2021 12:45pm
Quoting Muhammedfx
there is a good chance prop funds are paying few idiots here to keep the suckers interested in prop funds by posting lengthy posts. people should read the whole website and participate only if it suits their trading objectives.
and there is a good chance you're just an idiot. I'm kind of sick of your presence here. Mastermind, I think it's time....
  • #4,782
  • Oct 23, 2021 12:52pm Oct 23, 2021 12:52pm
Quoting Nsak3y
Finally received a response from Ment. He had this to say, regarding the aforementioned clause (I asked for clarification about it yesterday): {quote} So, if you withdraw too much of your own profits, you could lose your account. Which means, they want your money to start serving as draw-down protection as soon as possible. It seems pretty clear what Ment is all about and where their priorities are at this point. Here are all answers given, for anyone that may be interested: {quote} {quote}-I agree with you. But I am always on the lookout for new...
Absolutely agree. Once you are max funded with the companies we know are legit and pay, then by all means experiment. I'm just saying, if you're new and joining your first prop firm, go with one of the two proven ones. There are several in this thread that didn't, and didn't listen to the advice given and now have a bad taste for the entire industry. So what could have been a life changing opportunity now resorts back to bad mouthing the entire industry.
  • #4,783
  • Oct 23, 2021 1:08pm Oct 23, 2021 1:08pm
Quoting Muhammedfx
{quote} We know how good you are at trading so please STFU and do not call names in future. {image}
He's not the only one getting fed up by you. are you gonna look for my 5yrs old trades too?
Money is made by sitting, not trading
  • #4,784
  • Oct 23, 2021 1:19pm Oct 23, 2021 1:19pm
Quoting Muhammedfx
{quote} this is not a private place, if someone calls me an IDIOT then I do need to show him mirror. this is a discussion board not a private property of someone. any ways enjoy your little talks I have no issue with that. feel free to press ignore button if you are so fed up
why don't you look into the mirror first? wasn't it you who started calling people here idiots? better calm down and quit playing a smart ass. nobody's buying it
edit: wow, looks much better place here after ignoring you
Money is made by sitting, not trading
  • #4,785
  • Oct 23, 2021 1:44pm Oct 23, 2021 1:44pm
Quoting pipmaster77
{quote} and there is a good chance you're just an idiot. I'm kind of sick of your presence here. Mastermind, I think it's time....
Hahaha not everyday you see the Pipmaster call someone an idiot.

Ignore Muhammed. He's just mad that no prop firm would allow him hold hundreds of open trades beyond 8% DD while his EAs hopefully wait for reversals.
  • #4,786
  • Oct 23, 2021 2:27pm Oct 23, 2021 2:27pm
I've seen Muhammeds twitter account.

It seems whilst we may be idiots being paid by prop firms, hes actually looking for even dumber idiots to pay him for his scam "never lose" bullshit.

Commercial members so mad all the time.
  • #4,787
  • Oct 23, 2021 2:29pm Oct 23, 2021 2:29pm
Can't find the post. What did he do dig up a losing trade or two? A bad week or two? I have numerous weekly trade reports with gains week after week. Bet he didn't find those. What a character. Calls a group of us idiots, but takes offence when called one himself. Another internet tough guy that has no idea who he is dealing with on the other side of the screen. I guarantee it would be different face to face. Just sayin'
  • #4,788
  • Oct 23, 2021 3:52pm Oct 23, 2021 3:52pm
Quoting Takisd
Commercial members so mad all the time.
Thought you are more mature than such a stupid blanket statement
there is always, always another trade!!
  • #4,789
  • Oct 23, 2021 4:16pm Oct 23, 2021 4:16pm
Quoting pipmaster77
Absolutely agree. Once you are max funded with the companies we know are legit and pay, then by all means experiment.
-Cheers. Completely agree, also.

Sometimes, I even find what I think is a good offer, but after sharing it with others, I am able to learn more and see that it may not be as great as I originally imagined. It helps to put things into perspective and forces me to remain objective.
  • #4,790
  • Oct 24, 2021 12:28am Oct 24, 2021 12:28am
Quoting mrdfx
Some good advice given by MFF for funded traders, good advice and suggestions for those who are still in the evaluation stages as well. 1. The best funded traders risk no more than 1% per trade and have a 1:1 or higher R:R. 2. 3% of funded traders lose their money in the first month due to poor risk management (don't be like them). 3. 99% of traders who trade highly leveraged crypto do not reach funded status due to volatility and high trade size. 4. The traders who have remained funded in their second month without breaching the rules...
Thank you for your input.

I have to work hard reducing the number of trades that i take daily, This the problem on my side.

Regards
M
  • #4,791
  • Oct 24, 2021 4:12am Oct 24, 2021 4:12am
Quoting profitfarmer
{quote} Thought you are more mature than such a stupid blanket statement

Outliers exist, but my statement is true more often than people fail prop fund evaluations.
  • #4,792
  • Oct 24, 2021 11:35am Oct 24, 2021 11:35am
If we, you can't answere these questions sucesful trading is impossible.
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  • #4,793
  • Edited 11:59am Oct 24, 2021 11:38am | Edited 11:59am
Quoting Vitore
Some first hand experience with FTMO: My current prop firm (EnFoid) is still under their endless jurisdiction change and MFF needs a couple more months to put cTrader in life so I ordered 200k FTMO challenge Payment was credited almost instantly (within a minute) and confirmed on their pages, challenge account credentials received a few seconds afterwards. Absolutely flawless I was lucky to meet the profit target within the first day (not taking any insane risk just a bit more aggressive on the Polkadot expected rise combined with a US30 Friday...
As promised, some updates about my FTMO experience fyi:

Challenge finished with the last mini-lot trade a few minutes after the midnight earlier today. Confirmation appeared in the client section within 1 minute, Verification account created and login credentials delivered together with the detailed challenge account performance evaluation within the next 60 minutes (on Sunday 1am!). So apparently everything automated and working just perfect.

edit - the time is GMT+2, the time zone where FTMO has its offices
Money is made by sitting, not trading
  • #4,794
  • Oct 24, 2021 11:54am Oct 24, 2021 11:54am
Hey guys, first post in this thread.

I know that TFT have dissallowed EAs due to people using bots etc.

This would mess me up as I use Trade Manager EA by Investsoft.

Would a way round this be, to use a cloud copier (non EA) like Duplikium or Social Trader Tools and the prop firm account could be a client, with the Trade Manager EA being used on a master (demo) account.

I know some dont allow EA copy traders, but am I right in assuming that Cloud copiers are ok?
  • #4,795
  • Oct 24, 2021 12:28pm Oct 24, 2021 12:28pm
Quoting Paulscaff1
Would a way round this be, to use a cloud copier
-Interesting question. I suppose that some EA's could produce detectable results.
  • #4,796
  • Oct 24, 2021 12:35pm Oct 24, 2021 12:35pm
Quoting Paulscaff1
Hey guys, first post in this thread. I know that TFT have dissallowed EAs due to people using bots etc. This would mess me up as I use Trade Manager EA by Investsoft. Would a way round this be, to use a cloud copier (non EA) like Duplikium or Social Trader Tools and the prop firm account could be a client, with the Trade Manager EA being used on a master (demo) account. I know some dont allow EA copy traders, but am I right in assuming that Cloud copiers are ok?
I use the same Trade Manager. My advice would be to forego TFT altogether. Complete amateur hour over there. That rule they placed on any EA's (including Trade Managers) defies logic.
Trade with confidence, trade without fear.
  • #4,797
  • Oct 24, 2021 12:45pm Oct 24, 2021 12:45pm
Quoting Cryptosurf
{quote} I use the same Trade Manager. My advice would be to forego TFT altogether. Complete amateur hour over there. That rule they placed on any EA's (including Trade Managers) defies logic.
Yeah its a pretty shit rule. Blake said its because the EA's (bots) were taking advantage of demo conditions and the trades werent realistic or provide good enough data to copy, which I can understand to be fair. TFT arent able to single out which EAs are being used to thats why they cancelled the use of all kinds, including sensible ones I.E our trade manager.

Im using MFF for my evaluation at the moment and they allow a trade manager, but apparently they are having the same problem with bots, but are willing to take the risk at the moment so hoping they wont go down the road of cancelling EAs alltogether because of that.

Cloud copiers are undetectable though right? If thats the case then none of it will be an issue.
  • #4,798
  • Oct 24, 2021 1:06pm Oct 24, 2021 1:06pm
Quoting Cryptosurf
{quote} I use the same Trade Manager. My advice would be to forego TFT altogether. Complete amateur hour over there. That rule they placed on any EA's (including Trade Managers) defies logic.

But sir it is very logical..... you ban these things to make sure you dont lose money from winning traders. How many traders can actively be disciplined enough to not require a trader manager

Also the people who are cheering for TFT are the same people who thinks slippage is manipulation on their 1000 lot trade.
  • #4,799
  • Oct 24, 2021 1:08pm Oct 24, 2021 1:08pm
Quoting Paulscaff1
{quote} Yeah its a pretty shit rule. Blake said its because the EA's (bots) were taking advantage of demo conditions and the trades werent realistic or provide good enough data to copy, which I can understand to be fair. TFT arent able to single out which EAs are being used to thats why they cancelled the use of all kinds, including sensible ones I.E our trade manager. Im using MFF for my evaluation at the moment and they allow a trade manager, but apparently they are having the same problem with bots, but are willing to take the risk at the moment...

The bots I have tested on TFTP, FT, etc don't work at FTMO or MFF due to tick speed and market execution. I doubt either FTMO or MFF will take any action to ban EA's because it doesn't appear to be affect them.
  • #4,800
  • Oct 24, 2021 1:29pm Oct 24, 2021 1:29pm
Quoting Paulscaff1
Blake said its because the EA's (bots) were taking advantage of demo conditions and the trades werent realistic or provide good enough data to copy, which I can understand to be fair.
-Yes, but what does not seem reasonable is that the suggestion was made to allow risk-management EA's that could be submitted for review/approval by his team, as some other firms do, and yet he still seems unwilling to allow that. Meanwhile, they impose a maximum position size on indices, that could result in having to manually manage multiple positions.

Even if I could circumvent this rule by using a trade copier, I would still need to be concerned about the results being detectable. Unless you need to diversify that much, maybe better to just trade with a more reasonable company that offers more flexibility. Fortunately, for us, there are many to choose from.
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