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My Forex Funds - Discussion/Q&A

  • #341
  • Dec 13, 2021 8:33am Dec 13, 2021 8:33am
Quoting Fagin
This thread should be kept clean for information and requests from MFF. If it isn't a direct relevant question to MFF or it's users then I don't know what ForexFactory is providing here? And I don't see the point of ForexFactory users/admin to allow threads to get trashed by narcissist bullshit trolls?
I totally agree.
Always ready to help
  • #342
  • Dec 13, 2021 10:21am Dec 13, 2021 10:21am
Quoting PaulMF
{quote} He is not getting paid. He has never shown anything that will lead us to think that he can manage those trading objectives in a sustainable way. Getting paid after one thousand tries is not getting paid, it is paying. Anyone can calculate that, with the same trading restrictions and amount invested, you earn more and faster with your own account than with these fake prop-firms demo accounts. Supporting these firms unveils what they really know about trading.
We are object of ad hominem and other derogatory attacks from a bunch of individuals, all of them coming out of that duplicitous Hub thread.

This is an organized plot where the trolls wear sheep's cloth and play the victims. Nothing new in the great order of things, very usual indeed.
Follow your guts, if you want to lose your money...
  • #343
  • Dec 14, 2021 4:21pm Dec 14, 2021 4:21pm
Hello, is there possible to trade SGD pairs too?
  • #344
  • Dec 16, 2021 4:02pm Dec 16, 2021 4:02pm
Quoting PaulMF
{quote} What are you trying to say? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-12-16.png Size: 162 KB
Number 5
  • #345
  • Dec 16, 2021 5:11pm Dec 16, 2021 5:11pm
Quoting Tim_isoara
{quote} {image}Number 5
I still don't know what is your point....
Attached Image
Always ready to help
  • #346
  • Dec 17, 2021 10:28am Dec 17, 2021 10:28am
Quoting PaulMF
{quote} I still don't know what is your point.... {image}
Hey, Paula nice to see you again.

I noticed your prop firm "delete" thread is inactive. Not surprising.

I was really looking forward to a discussion in regards to the list of 42 "real" prop firms that you mentioned. So far there is still absolutely ZERO discussion. What seems to be the problem?

I've been waiting for a response to this question for nearly two weeks.
Pride always comes before destruction.... -Proverbs 16:18
  • #347
  • Edited 1:01am Dec 19, 2021 12:49am | Edited 1:01am
I have read on the Discord channel about the alleged GAP Arbitrage Scam, were a bunch of individuals took advantage of Demo servers filling orders independently of Live market reality.

This is regrettable, but it is also regrettable that such obvious technical failures exist.

Funding Talent used to blame customers for taking advantage of issues on their crappy servers but never retracted when customers were harmed. And other Prop Firms don't give a damn to customers complains or suggestions.

Diabolize or make customers fools is always a bad practice. Respect the customer.
Follow your guts, if you want to lose your money...
  • #348
  • Dec 19, 2021 1:10am Dec 19, 2021 1:10am
Hi MFF,

I know one of the rules for the accelerated account is that no trades open during weekend. Is it possible that trades can be open during weekend as long a stoploss is in place. Or the trades in positive and then stoploss in place. Either which. Kind of regret signing this plan.
You had no trust in your broker to honour the stoploss.
  • #349
  • Dec 23, 2021 11:45am Dec 23, 2021 11:45am
Which indices can we trade through MFF at the moment? Is there a list?
  • #350
  • Jan 9, 2022 5:55am Jan 9, 2022 5:55am
hi - MFF, is your company planning a "ctrader" - terminal?
  • #351
  • Jan 19, 2022 11:50am Jan 19, 2022 11:50am
Be very careful with this company, its rules are not clear, the calculation of the daily reduction of 5% is not clear, personally I think that this company is a scam
  • #352
  • Jan 19, 2022 12:12pm Jan 19, 2022 12:12pm
Quoting kmero
Be very careful with this company, its rules are not clear, the calculation of the daily reduction of 5% is not clear, personally I think that this company is a scam
I can tell you I've been using them since August and they are #1, with FTMO being #2. Only complaints I ever see is the daily DD rule and TBH, anyone that is even close to losing 5% in a day shouldn't be trading, let alone with a prop firm. The ENTIRE point of a prop firm is to trade larger capital so you can REDUCE your risk% and still make great money. The other big compliant, as with all folks who haven't a clue, is spreads at 5pm. This is like FOREX 101. Either close your positions before 5 and reopen at 6 or trade small enough where the widening of spreads for 15-30 minutes isn't going to wipe your account. There have also been so customer service issues such as slow response times, but as far as trading conditions and payouts, which are obviously the 2 most important factors.....this company currently tops the list.
  • #353
  • Jan 19, 2022 12:53pm Jan 19, 2022 12:53pm
Quoting pipmaster77
{quote} I can tell you I've been using them since August and they are #1, with FTMO being #2. Only complaints I ever see is the daily DD rule and TBH, anyone that is even close to losing 5% in a day shouldn't be trading, let alone with a prop firm. The ENTIRE point of a prop firm is to trade larger capital so you can REDUCE your risk% and still make great money. The other big compliant, as with all folks who haven't a clue, is spreads at 5pm. This is like FOREX 101. Either close your positions before 5 and reopen at 6 or trade small enough where...
Have to agree. It doesn’t really matter for most as they are unable to pull a profitable trade, regardless where or what they are trading. They have no concept of MM or TM and it’s always the brokers fault when they blow their account.
Trade with confidence, trade without fear.
  • #354
  • Jan 19, 2022 1:00pm Jan 19, 2022 1:00pm
Unfortunately, the support does not help. My doubt is at the close of the previous day or the equity should be the same at the beginning of the day, but unfortunately they manage two different values, their 5% rule says
You must not have a 5% drawdown based on your balance or equity (whichever is higher) on your account within a 24 hour period starting at 5pm EST.
that is, they must take the capital from 5 p.m. EST.
in my dashboard it gives me the value of the beginning of the day but they calculate the daily loss of 5% taking another higher value
  • #355
  • Jan 19, 2022 1:07pm Jan 19, 2022 1:07pm
Quoting Cryptosurf
{quote} Tengo que estar de acuerdo. Realmente no importa para la mayoría, ya que no pueden realizar una operación rentable, independientemente de dónde o qué estén negociando. No tienen ningún concepto de MM o TM y siempre es culpa de los corredores cuando arruinan su cuenta.
I base myself on the rule that they publish on their page, it is clear in saying that they will take 5% for the calculation of the daily reduction from 5 pm EST time, I speak for myself since they are not taking the value as indicated in Rule
  • #356
  • Jan 19, 2022 2:42pm Jan 19, 2022 2:42pm
Quoting kmero
Unfortunately, the support does not help. My doubt is at the close of the previous day or the equity should be the same at the beginning of the day, but unfortunately they manage two different values, their 5% rule says You must not have a 5% drawdown based on your balance or equity (whichever is higher) on your account within a 24 hour period starting at 5pm EST. that is, they must take the capital from 5 p.m. EST. in my dashboard it gives me the value of the beginning of the day but they calculate the daily loss of 5% taking another higher value...
If you close your trades before 5 pm eastern, the balance and equity will be exactly the same. That is the simplest way to avoid any confusion. Otherwise, your floating trades will affect the EQUITY value. Other option is to simply trade small enough to not go anywhere near the daily DD. I never go above 1.25% dd for the day. When trading 100K, 200K, 500K, etc, you can make substantial money using 1:1 or 2:1 leverage. I have never been in a trade higher than 5:1, and that is only when I am using profits already booked for the day. That is really the big issue traders have, a 20 pip loss with 5:1 is 1% loss. 3-4 losses like that and you are flirting with DD limits.
  • #357
  • Jan 19, 2022 2:51pm Jan 19, 2022 2:51pm
Quoting Cryptosurf
{quote} Have to agree. It doesn’t really matter for most as they are unable to pull a profitable trade, regardless where or what they are trading. They have no concept of MM or TM and it’s always the brokers fault when they blow their account.
I know I'm stating the obvious here, but if you do not have a grasp on MM, you really shouldn't be trading. I track my profit factor and sharpe ratio on a daily basis. There are probably a ton of traders blaming brokers and prop firms who have no clue what a sharpe ratio even is.
  • #358
  • Jan 19, 2022 3:08pm Jan 19, 2022 3:08pm
Quoting pipmaster77
{quote} Si cierra sus operaciones antes de las 5 p. m., hora del Este, el saldo y la equidad serán exactamente los mismos. Esa es la forma más sencilla de evitar cualquier confusión. De lo contrario, sus operaciones flotantes afectarán el valor de EQUITY. Otra opción es simplemente operar lo suficientemente pequeño como para no acercarse al DD diario. Nunca voy por encima del 1,25% dd para el día. Al operar con 100K, 200K, 500K, etc., puede ganar una cantidad considerable de dinero utilizando un apalancamiento de 1:1 o 2:1. Nunca he estado en una...
I respect your way of thinking but for some reason there are rules that they should respect or be clear with their rules because they themselves are wrong, I tell you this because the first time I communicated with them they told me that apparently it was a mistake of When they calculated the 5% daily loss, they agreed to contact me to solve the problem, they never did. After several days, I contacted again, waiting about 3 hours for them to answer me, and they told me no, the calculation was fine, so I wonder what happens because first they tell me that it seems to be their mistake and then they tell me no, that the calculation is correct, I wonder if this is a serious company or is this company really not what it claims to be and simply a fraud
note: I can show you the image of the chat where they tell me that it seems to be a calculation error for them
  • #359
  • Jan 19, 2022 3:26pm Jan 19, 2022 3:26pm
Quoting kmero
Be very careful with this company, its rules are not clear, the calculation of the daily reduction of 5% is not clear, personally I think that this company is a scam
You are definitely wrong about the scam part, from all the companies I have traded and I trade with most of these prop firms, you can see my posts on the Prop Firm Hub, this company went way out of their way to help me not once, numerous times.
Yes you have to be careful with your drawdown, but that is with all of these 5-10% draw down props.
Also they have payed out always on time. If you are not happy with them I do not know how you will be happy with another,
maybe prop is not for you....
Those who don't believe in magic will never find it
  • #360
  • Jan 19, 2022 3:32pm Jan 19, 2022 3:32pm
Quoting kmero
{quote} I respect your way of thinking but for some reason there are rules that they should respect or be clear with their rules because they themselves are wrong, I tell you this because the first time I communicated with them they told me that apparently it was a mistake of When they calculated the 5% daily loss, they agreed to contact me to solve the problem, they never did. After several days, I contacted again, waiting about 3 hours for them to answer me, and they told me no, the calculation was fine, so I wonder what happens because first...
Your max balance stop out and your max equity stop out are displayed in your dashboard. As I mentioned, close all positions at 5 and those values will be IDENTICAL. If you carry a trade to the next day, your equity stop out will be different. If it is a profitable trade you carry, your balance stop out will be HIGHER than your equity stop out. I believe this is where traders get confused, as if that trade unwinds the next day, you have a possibility of violating your balance stop out.
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