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My Forex Funds - Discussion/Q&A

  • #221
  • Nov 11, 2021 4:24pm Nov 11, 2021 4:24pm
Quoting stirmatt
Hi Yavuz, Please I will like to ask when are you going to automate your platform (dashboard) to make things faster when it come to new accounts and free retake without having to send mails and chats to get things done? Thank you.
Hello Stirmatt,

The light at the end of the tunnel is very near. We are working pretty hard long hours everyday to finish the automation. The new dashboard will come with the automation hopefully next week. I give you my word it looks pretty awesome and user friendly.

Thank you for asking about the updates. Hopefully all will be ready by the end of next week

Regards,
Yavuz Karadeniz
Trader Support Lead
www.myforexfunds.com
  • #222
  • Nov 11, 2021 4:30pm Nov 11, 2021 4:30pm
Quoting Ak386
STIRMATT ¨Please I will like to ask when are you going to automate your platform (dashboard) to make things faster when it come to new accounts and free retake without having to send mails and chats to get things done?¨ Also good spread without slippage and free Demo with dashboard, so MFF would be perfect
Hello AK386,

Thank you for the questions, It is really awesome to see positive people asking for decent updates.

We offer live market conditions and unfortunately slippages are part of it. We are constantly negotiating with our liquidity providers as our trading volume increases to get better spreads from them. Hence we are offering one of the best possible spreads in live market conditions at the moment. Eurusd spread ranges between 2-4 during prime time of the day which is very competitive.

Offering demo accounts is in our list but we need to focus on more important thing which is automation right now. When automation runs smoothly without any issues we will be working on offering demo accounts to traders to test our server.

Thank you for contacting with us here in ForexFactory.

Regards,
Yavuz Karadeniz
Trader Support Lead
www.myforexfunds.com
  • #223
  • Nov 11, 2021 4:33pm Nov 11, 2021 4:33pm
Quoting sheppy
{quote} Hi Yavuz, Any idea when MT5 will be ready to use? Thanks Scott
Hello Scott,

I hope you and your family are great and healthy, it has been a while since we last spoke MT5 will come with the automation before the end of next week. After it is done we will work on getting the tradingview trading under our belt.

Lets talk soon, as I said it has been a while

Regards,
Yavuz Karadeniz
Trader Support Lead
www.myforexfunds.com
  • #224
  • Nov 11, 2021 8:49pm Nov 11, 2021 8:49pm
Quoting MyForexFunds
{quote} Hello Scott, I hope you and your family are great and healthy, it has been a while since we last spoke MT5 will come with the automation before the end of next week. After it is done we will work on getting the tradingview trading under our belt. Lets talk soon, as I said it has been a while Regards, Yavuz Karadeniz Trader Support Lead www.myforexfunds.com
Looking forward to it Yavuz
  • #225
  • Nov 12, 2021 12:58am Nov 12, 2021 12:58am
Quoting MyForexFunds
{quote} Hello Stirmatt, The light at the end of the tunnel is very near. We are working pretty hard long hours everyday to finish the automation. The new dashboard will come with the automation hopefully next week. I give you my word it looks pretty awesome and user friendly. Thank you for asking about the updates. Hopefully all will be ready by the end of next week Regards, Yavuz Karadeniz Trader Support Lead www.myforexfunds.com
Hi Yavuz,

Thanks for this reply.
  • #226
  • Nov 12, 2021 3:04pm Nov 12, 2021 3:04pm
Started a 5k conventional account 2 weeks ago. I hit the required profit at the end of the first week but my account did not scale up - I was provided an explanation for this and this may have been my fault because I did not request to withdraw my share of the profits.

Today (end of week 2) I have requested to withdraw my profits and scale up my account to 10k - I've had an email confirming that my account is being analysed which is progress on last week.

2 weeks of trading, after a shaky start, I made over 50% profit and am due to receive $1305.00.

I will update with the outcome .

Attached Image (click to enlarge)
Click to Enlarge Name: f6ad70059fa148b8db266d88b8afbe06.png Size: 25 KB
Indentify > Plan > Accept > Execute
  • #227
  • Edited 1:14pm Nov 13, 2021 2:14am | Edited 1:14pm
Quoting wizlon32
Started a 5k conventional account 2 weeks ago. I will update with the outcome. {image}
Update: I received another email this morning informing me that the payout has been processed and that I shall receive payout confirmation within 24 to 48 business hours. It's looking good so far.

The trading account balance has not scaled up yet, I hope it is done by market open time on Sunday night.

I will update on further progress.

Update: I have now signed the contract in Deel so everything is moving along nicely. Contract arrived in Deel at 11:00 am on Sat 13 Nov.

Update: Account now scaled up to 10k. Account scaled up at 18:13 pm on Sat 13 Nov.
Indentify > Plan > Accept > Execute
  • #228
  • Nov 16, 2021 1:24am Nov 16, 2021 1:24am
Quoting wizlon32
{quote}Update: I have now signed the contract in Deel so everything is moving along nicely. Contract arrived in Deel at 11:00 am on Sat 13 Nov.
Email received at 12:39 am Tue 16 Nov stating that my payout has been initiated. No sign of it in my Deel account yet though.
Indentify > Plan > Accept > Execute
  • #229
  • Nov 17, 2021 1:54am Nov 17, 2021 1:54am
Hi everyone,

I am trying to find the info on the use of stop losses on Rapid and Evaluation accounts? Is it mandatory to have a stop loss on every order?

Is there different rules for the Rapid Vs the Evaluation type accounts for the use of stop losses?

Any guidance appreciated.

maahome
  • #230
  • Edited 4:03am Nov 17, 2021 2:15am | Edited 4:03am
Quoting maahome
Hi everyone, I am trying to find the info on the use of stop losses on Rapid and Evaluation accounts? Is it mandatory to have a stop loss on every order? Is there different rules for the Rapid Vs the Evaluation type accounts for the use of stop losses? Any guidance appreciated. maahome
They didn't use to and I thought it was on the site, I also thought I saw somewhere (maybe on discord) a caveat about them reviewing live accounts and stop loss useage. (edit: found this and it was about using the drawdown limit as a stoploss...)

Since I saw it I'm now pulling in an arbitary emergency hard stop, probably not a bad idea anyway incase I have a heart attack or something.

I think maybe they've had a lot of red or black all in nob heads treating the demo's like vegas....
  • #231
  • Nov 17, 2021 2:25am Nov 17, 2021 2:25am
Quoting MyForexFunds
{quote} Hello TraderKit, Please send us a DM in here so we can take a look at why you didn't get a response. If your account is in good standing we will provision the free retry ASAP. Regards, Yavuz Karadeniz Trader Support Lead www.myforexfunds.com
Hi Yavuz,

Many thanks for the reply. I eventually got someone from your team to help me out through the website chat channel.
He had helped to clarify my account standing and expedite my request for the re-try account.
Thanks again.
Regards,
Kit
  • #232
  • Edited 4:01am Nov 17, 2021 2:57am | Edited 4:01am
Hi Yavuz

Do you think in the near future you might consider adding an additional way to notify us of announcements rather than having to log into discord? (I always feel discorded when I log on!)

Email or blog page on the main site perhaps?
  • #233
  • Nov 17, 2021 4:23am Nov 17, 2021 4:23am
Quoting Fagin
{quote} They didn't use to and I thought it was on the site, I also thought I saw somewhere (maybe on discord) a caveat about them reviewing live accounts and stop loss useage. (edit: found this and it was about using the drawdown limit as a stoploss...) Since I saw it I'm now pulling in an arbitary emergency hard stop, probably not a bad idea anyway incase I have a heart attack or something. I think maybe they've had a lot of red or black all in nob heads treating the demo's like vegas....
Thanks for the reply. I managed to get an answer via live chat. They advised stop losses are not required with any of their accounts.

Cheers all
  • #234
  • Nov 17, 2021 4:48am Nov 17, 2021 4:48am
Quoting maahome
{quote} Thanks for the reply. I managed to get an answer via live chat. They advised stop losses are not required with any of their accounts. Cheers all
While that may be the advise from chat support, it will come back to bite you if things goes South and can be pointed out having NO SL as a reason when you start having any kind of conversation. So ALWAYS have a SL

Quoting Fagin
{quote} They didn't use to and I thought it was on the site, I also thought I saw somewhere (maybe on discord) a caveat about them reviewing live accounts and stop loss useage. (edit: found this and it was about using the drawdown limit as a stoploss...) Since I saw it I'm now pulling in an arbitary emergency hard stop, probably not a bad idea anyway incase I have a heart attack or something. I think maybe they've had a lot of red or black all in nob heads treating the demo's like vegas....
Just make sure your emergency hard stop is not the max DD, I used to do that - keep the emergency hard stop at max DD, and it came to bite me back later.

And never ever violate the DD in a single trade or on the same instrument.
Better yet, don't violate the DD at all, it happens only when over leveraged with high risk. It is easier to be successful with max 1-2% risk in a day.

Learned all these the hard way.
  • #235
  • Nov 17, 2021 5:06am Nov 17, 2021 5:06am
Quoting karun
{quote} While that may be the advise from chat support, it will come back to bite you if things goes South and can be pointed out having NO SL as a reason when you start having any kind of conversation. So ALWAYS have a SL {quote} Just make sure your emergency hard stop is not the max DD, I used to do that - keep the emergency hard stop at max DD, and it came to bite me back later. And never ever violate the DD in a single trade or on the same instrument. Better yet, don't violate the DD at all, it happens only when over leveraged with high risk....
Thanks, yes they seem to have some evolving rules which is understandable given the growth spurt they've gone though.

My arse starts twitching at 2% anyway so I should be ok...
  • #236
  • Nov 17, 2021 5:38am Nov 17, 2021 5:38am
Quoting karun
{quote} While that may be the advise from chat support, it will come back to bite you if things goes South and can be pointed out having NO SL as a reason when you start having any kind of conversation. So ALWAYS have a SL {quote} Just make sure your emergency hard stop is not the max DD, I used to do that - keep the emergency hard stop at max DD, and it came to bite me back later. And never ever violate the DD in a single trade or on the same instrument. Better yet, don't violate the DD at all, it happens only when over leveraged with high risk....
Thanks for your thoughts. I do use a stop always. Sometimes however I want to get on a trade asap and just want to hit the button and then place the stop after it. I tried that with another firm and they just kept closing the trades because there was no stop on them when placed - very frustrating to say the least (not MFF buy the way).
Thanks again to all for the help.

maahome
  • #237
  • Nov 17, 2021 8:04am Nov 17, 2021 8:04am
The whole MFF system is collapsing from what I am perceiving.

People complaining and complaining. They paid, no service provided. They ended phase 1, no phase 2 credentials. They ended phase 2, no phase 3 credentials. People entitled to retry no retry credentials.

Are we facing Funding Talent season 2? It appears so, they have no money for payments and are delaying every stage of the process.
Follow your guts, if you want to lose your money...
  • #238
  • Nov 17, 2021 8:53am Nov 17, 2021 8:53am
Quoting JotaP
The whole MFF system is collapsing from what I am perceiving. People complaining and complaining. They paid, no service provided. They ended phase 1, no phase 2 credentials. They ended phase 2, no phase 3 credentials. People entitled to retry no retry credentials. Are we facing Funding Talent season 2? It appears so, they have no money for payments and are delaying every stage of the process.

good thing you live in lala land and have no grip of reality.
  • #239
  • Nov 17, 2021 9:07am Nov 17, 2021 9:07am
Quoting Takisd
{quote} good thing you live in lala land and have no grip of reality.
Takisban, just wait for the explosion of your maxed up account.
Follow your guts, if you want to lose your money...
  • #240
  • Nov 17, 2021 9:14am Nov 17, 2021 9:14am
Quoting JotaP
{quote} Takisban, just wait for the explosion of your maxed up account.

I think you disappearing for being caught scamming users in the commercial section is more likely than me losing the account due to them going out of business. But thats not really a fair comparison is it.
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