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  • #5,721
  • Nov 22, 2021 3:04pm Nov 22, 2021 3:04pm
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I see it at MFF and I know they aren't using the same feed.

Sorry spoke too soon, yours is wider by a bit.
  • #5,722
  • Nov 22, 2021 3:07pm Nov 22, 2021 3:07pm
Quoting Nsak3y
{quote}-What's worse is that many people are basing that 5% on an imaginary number instead of the amount that they are actually working with (draw-down). The challenges prime them for it, too. People need to be smarter and less greedy if they want long-term success in trading. Short-term success can definitely be had, but not long-term.
Exactly, 5% on account balance/equity means up 40-50% on your actual risk of ruin (DD) amount. If you truly can trade like this, just go flip a personal account every 3 days, of course, you better withdrawal often, cause it ain't gonna last long.
I think I'm risking too much grinding out 1.5% per week because it's 12-15% of my DD. Now, of course, when you're up, you can increase risk a bit, but then you risk giving back at a quicker pace than you gained.
  • #5,723
  • Nov 22, 2021 3:26pm Nov 22, 2021 3:26pm
Quoting Takisd
{quote} I dont trade that pair but NZD has its own rollover time now for companies who execute trades... (Gain capital is an awful example, try IC or tickmill for best comparison). Could be a feed spike though, as i said I dont trade that pair.
Right you won't see it at bucketshops like Gain. Ironically, I just received an email from Oanda:

Beginning on 29 November 2021, we will be introducing a 5 minute break for forex and precious metals instruments at market end of day (4:58pm ET for all currencies, with an additional break for NZD at 6:58am Auckland time). This change will help to protect our clients from the regular instances of reduced liquidity and subsequent disorderly pricing that can occur during this period.

If you have any questions, you can contact our Client Experience Team whenever markets are open.
  • #5,724
  • Nov 22, 2021 3:32pm Nov 22, 2021 3:32pm
Quoting Feelas
for those who are doing live ftmo account and challenge , did this happen !? {image}
you should be aware of this spike if trading in the evening on a nzd pair.
It's in fear when people show what they truly value.
  • #5,725
  • Nov 22, 2021 3:42pm Nov 22, 2021 3:42pm
Quoting pipmaster77
{quote} Right you won't see it at bucketshops like Gain. Ironically, I just received an email from Oanda: Beginning on 29 November 2021, we will be introducing a 5 minute break for forex and precious metals instruments at market end of day (4:58pm ET for all currencies, with an additional break for NZD at 6:58am Auckland time). This change will help to protect our clients from the regular instances of reduced liquidity and subsequent disorderly pricing that can occur during this period. If you have any questions, you can contact our Client...

Yeh, its been going on for a few months now they are doing settlement of NZD pairs at different hours and its spiking spreads. I see complaints all over the internet about it at all platforms everywhere other than the big buckets.
  • #5,726
  • Nov 22, 2021 4:02pm Nov 22, 2021 4:02pm
Quoting Feelas
for those who are doing live ftmo account and challenge , did this happen !? {image}
I have a FP markets live account - same thing!
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  • #5,727
  • Nov 22, 2021 7:15pm Nov 22, 2021 7:15pm
Quoting Mtinifx
{quote} I have a FP markets live account - same thing! {image}

Its on all feeds that are reliable to different extents.

Those brokers without it are using a smoothing algorithm which means its a display only feed.
  • #5,728
  • Nov 22, 2021 11:31pm Nov 22, 2021 11:31pm
Quoting LuXing
{quote} Yeah, I hear you. I also routinely hit +20% floating profit in a 24 hour cycle. It's like Murphy's Law, just when I have +20% floating, my wife asks me to update the family holiday photo album and I forget to close out the trades. Next thing the metrix show me is a breach of the 5% maximum daily loss rule. In the course of 1 year of prop trading, I already lost 3 accounts of $ 100k like this and it really sucks.
Do you have that problem with MFF?
  • #5,729
  • Nov 22, 2021 11:59pm Nov 22, 2021 11:59pm
Quoting Feelas
for those who are doing live ftmo account and challenge , did this happen !? {image}
My BuoyTrade Prop Firm (Global Prime Broker)
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FxPro Real
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FXOpen-ECN Live Server
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  • #5,730
  • Nov 23, 2021 12:35am Nov 23, 2021 12:35am
Quoting Feelas
for those who are doing live ftmo account and challenge , did this happen !? {image}
as others have explained, it's not exclusive to FTMO even though theirs seems longer/wider.

Happens around 7 or 8pm GMT. Eliminated GN from my watchlist thanks to it.
  • #5,731
  • Nov 23, 2021 2:15am Nov 23, 2021 2:15am
Quoting Koop
{quote} as others have explained, it's not exclusive to FTMO even though theirs seems longer/wider. Happens around 7 or 8pm GMT. Eliminated GN from my watchlist thanks to it.
have that spike on ctrader as well, but i quit on trading GA and GN long ago, and specially after london close when volume tends to die off.
  • #5,732
  • Nov 23, 2021 5:23am Nov 23, 2021 5:23am
Quoting Koop
{quote} as others have explained, it's not exclusive to FTMO even though theirs seems longer/wider. Happens around 7 or 8pm GMT. Eliminated GN from my watchlist thanks to it.
You think GN is bad after 7pm, try holding nzchf around market close. The spread widening on nzd pairs has long been an absolute shame and i lost a challenge to that like a year ago and gave up holding nzd pairs past london close.
  • #5,733
  • Nov 23, 2021 6:02am Nov 23, 2021 6:02am
Quoting Thoughts
2. The MFF calculation is very different from FTMO's one because FTMO only calculates from your starting balance. So, in example A above FTMO would allow the trader to go down to 95,000 before he/she would be in violation...not 104,500 like MFF on that instance.
1.Daily drawdown rules on FTMO
In any of the My Forex Funds evaluation programs you must not have a daily drawdown of 5% of equity OR balance on any given day. This is monitored closely by an automated system, includes open trades at the time of roll-over and any breach is shown in your account dashboard. Please be mindful of your trading and be sure to check your available drawdown at 00:00 server time every day.
Why you don't read the rule?
  • #5,734
  • Edited 7:32am Nov 23, 2021 6:29am | Edited 7:32am
Quoting pete-option
{quote} You think GN is bad after 7pm, try holding nzchf around market close. The spread widening on nzd pairs has long been an absolute shame and i lost a challenge to that like a year ago and gave up holding nzd pairs past london close.
I recall reading some stats on MFF's blog page about successful trading, trading exotics were cited as one of the failures...

"Trade pairs with liquidity and not super exotics which can move very far very fast."
  • #5,735
  • Nov 23, 2021 8:05am Nov 23, 2021 8:05am
Does anyone know if there are any prop firms having Black Friday specials? I'm keen on picking up some new accounts if there some good deals to be had.
Truth is like poetry. And most people f*cking hate poetry.
  • #5,736
  • Nov 23, 2021 8:11am Nov 23, 2021 8:11am
Quoting mrdfx
Does anyone know if there are any prop firms having Black Friday specials? I'm keen on picking up some new accounts if there some good deals to be had.
So far I only received from The Funded Trader (by email)

"The Black Friday Sale will start TODAY and run until December 1st
The coupon is for 10% off + 115% refund upon passing
Use Code: BlackFridaySale"

I read somewhere that MFF was preparing an offer too but didn't anything so far.
  • #5,737
  • Nov 23, 2021 10:41am Nov 23, 2021 10:41am
Purchased a 10K evaluation from MFF 3 days ago still no credentials. (10K is for ballers only)

They've yet to fix their account provisioning problems. Of course, their November 4th automatic account setup promise went bye-bye as expected. Imagine having to email them after 48 hours to say, "Hey, I purchased your product could you please give it to me now?". Then you get to wait 12-24 hours to get an email response saying, "we will elevate this issue to our inefficient accounts department".

5ers Bootcamp update:

Made it to phase 2 of the Bootcamp. After reaching the profit target for phase one I got an email within an hour from the 5ers saying they would top up the account to 50K for phase 2 within 24 hours. And they did.

Regardless of whether one likes the program offering or not, it's certainly a breath of fresh air to have them take care of business without having to constantly send emails.
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Pride always comes before destruction.... -Proverbs 16:18
  • #5,738
  • Nov 23, 2021 11:01am Nov 23, 2021 11:01am
Quoting Expo33
Purchased a 10K evaluation from MFF 3 days ago still no credentials. (10K is for ballers only) They've yet to fix their account provisioning problems. Of course, their November 4th automatic account setup promise went bye-bye as expected. Imagine having to email them after 48 hours to say, "Hey, I purchased your product could you please give it to me now?". Then you get to wait 12-24 hours to get an email response saying, "we will elevate this issue to our inefficient accounts department". 5ers Bootcamp update: Made it to phase 2 of...

Phase 1 has been automated for like 3 weeks. Its probably in your junk mail.
  • #5,739
  • Nov 23, 2021 11:17am Nov 23, 2021 11:17am
As information The Prop Trading sends the credential automatically by email as soon as you purchase it and they sent me phase 2 credentials automatically by email, as soon as I achieved target in phase 1 (to get funded account was about 1 week after submitting agreement and documents).
  • #5,740
  • Nov 23, 2021 12:12pm Nov 23, 2021 12:12pm
Quoting Takisd
{quote} Phase 1 has been automated for like 3 weeks. Its probably in your junk mail.
Nope. I've checked junk mail everyday.

Also doesn't show up on my account page.
Pride always comes before destruction.... -Proverbs 16:18
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