Prop Firm Elite

Hello guys I have created a thread only for FundedNext prop firm.
There are some benefits on this over other prop firms:
1. 15% payout of phase 1 and Phase 2 profit target along with fees refunded,
2. Low price like MFF,
3. Daily DD not based on floating equity like MFF which is a real problem. It's more like FTMO daily DD,
4. Live fund when funded,
5. 80 to 90% payout Bi-weekly for Evaluation account,
6. Dedicated account manager,
7. Very fast customer service. MFF sucks here,
8. More methods to get paid,
9. Big star universal Boss Chris Gayle is promoting this prop firm,
10. Big office and large team,
11. Spread is better than MFF.
Anyone interested please subscribe my thread:
https://www.forexfactory.com/thread/...next-prop-firm?

There is dedicated thread for Enfoid prop firm. Check it out: https://www.forexfactory.com/thread/post/13938130

Hi!
I can't watch this video because I'm not in the UK. (VPN doesn't help) Can you link to this video hosted on another site?

VPN does help, but you need to know which one and how to set it up. The CyberGhost VPN for example does the job and can help with BBC iPlayer.
( I do not understand why BBC rather does not offer subscription program for foreigners ... )



Meanwhile try this link

Apologizes if it’s the wrong thing to post it here,
Hello traders,
I believe you all know that risk and money management along with psychology are the keys to success in trading. No matter how strong one’s strategy is without these 3 criteria they will always face losses in the long run.
I have created an EA to control our human behaviors. This EA will force us to be discipline exactly the way you will set. For examples,
1. If you set the maximum trades in a day= 3. You won’t be able to take any more trades in that day if you have already taken 3 entries,
2. If you set the maximum lot size for a particular instrument like GBPUSD=0.5 lot, you won’t be able to trade with bigger lot than 0.5, (You can set the maximum lot for every single pair/instrument independently since not all forex pair/indices/equities/shares don’t have same pip value),
3. You can set the maximum loss in a day based on account percentage and if it hits the maximum loss in that day, it will close all positions and won’t allow you opening anymore trade on that day.
4. You can set a maximum profit target for a single instrument and it will close that trade once that single trade hits the profit target, it won’t interfere any other opened trades.
The EA is great (almost all prop firm accepts it) but if you can’t control your behaviors chances are you won’t be able to control the EA and change the parameter frequently (Psychological issue) which will defeat the purposes of the EA. So, I am keeping the control of the EA in my VPS for you so that even if you want to change the parameter you won’t be able to do so.
Once you set the parameters and put the EA on my VPS, there will be locked-in period of 15 days, withing this 15 days even if you tell me to change the parameter, I won’t change it. You can change it only 15 days later.
I believe if one can control these 4 things below, they can be profitable with almost every strategy:
1. Over lot,
2. Over trading,
3. Letting losses run,
4. Not taking profit even after enough RR.
My EA will ensure that you won’t be able to do any of the those above and I can guarantee you that you will make money in the long run when you are not risking too much in a single trade, not over trading and not letting the losses run for long.
I am using MetaTrader VPS which is the highest in quality with-
1. 24/7 days run time,
2. Analysis delays: less than 1 milliseconds.
3. Ping to broker: less than 5 milliseconds.
It costs me 15$ per month for VPS+ EA cost + Maintenance cost as it takes several hours extensive and prudent work every day.
If you are interested, please subscribe my thread dedicated to this EA: https://www.forexfactory.com/thread/post/13958759
You can have my service for only 20$ per month. (If anyone has any money issue, I will consider that. Some of my clients are using my service for free who are in short of money).
Thanks, happy trading.

About this Instatraders BBC "documentary".

First off, here is a reaction video with Blake VVS and KB Trading:


You can be very skeptical about both of them since they are invested in more ways than one in these online "prop firms". But there's a very good point made in this video (beside the actual pointing out of the shady editing by the BBC): it starts from 19:40. FTMO pays you, why would it matter to you (as a trader) if they actually transact for real as long as they pay you. And the most important part is that most brokerages work the same way. It's called B-book model where your supposed "investment" just stays on the broker's ledger and never actually hit the real market. Yet, this practice is not targeted as vehemently as this new "prop" model.

And the part with "data scientists" was laughable. They analyzed social media to make deductions about the business model of FTMO? And you guys are buying this? How about a forensic accountant who actually went through the ledgers tell us something about the way the business is run. Or a forex specialist at a big name bank desk. You're the BBC why can't you interview anyone credible about this topic? Is it because they wouldn't give a second of their time for fake journalists?

So, all in all, we are none the wiser after watching this shit. I am still skeptical about online prop firms, but the same way I was skeptical about metatrader based brokers a number of years ago and never opened an account with any of them. But a lot of scams were exposed of in that area and it seems that by today there are reputable and established players in that space. It would be bonkers to say today that all metatrader brokers are a scam. There are a few good ones. It is the same with online prop firms too. We just have to wait and see a couple of years to see which ones are going to be the reliable ones.

As for this documentary it is clear that this interviewer just wanted to uncover a big conspiracy to make a name for himself and wouldn't give a toss about ethical reporting or making an actual documentary about how this industry works. That would require some brains.

Im funded with ftmo,mff,fundedtrader. they always paid me without a single discussion.
the thing is: people think trading is easy and they think they can sustain in a performance field like this where the outcome is 50:50 anyways no matter what u do + the entry bar is very low (just open an account)

trading becomes pretty easy after 6-8years, before that its kinda tricky, if you keep persuing this field.

If people mistake their luck (trading good for a month or two) and start signing up for things like ftmo and spending their hard earned money its basically their fault.

lets say I got 500k and someone says to me: hey lets open up a restaurant and we will earn big money because of this and that. I wouldnt do it. you know why? because I know shit about restaurants ( I can cook a good meal though).
same with trading but people simply wont believe it

+ people are lazy and dont have any workattitude anymore and then they see those instagram fraudster which make seem too easy. well if they know what it takes to be a consistant profitable trader they would prefer to wash the dishes and some restaurant.

you can blame the game or you simply step up and adapt

You should shove your EA up yours.... they don't need your EA. Is it worth sharing your EA for a Live $300,000 account? If it's worth more than that, then do what I suggest. Because up there it will make you a lot of what it might be making you. yes, SHIT.

I rate this comment. Agreed. I know a few people, personally, and I myself have won MFF and FTMO accounts. It's not easy, but the risk management rules they give you, actually, make you a better trader. They are changing the industry. These are the BEST days for Retail Forex Traders. Back in the day, 15 years ago for me, it was VERY hard to convince someone for a mere 20K account. Those who can't do it, will find excuses. Let them do that. You KEEP making money.

Obviously they have shoved a big one up yours that you are being tickled pink by their exploits so much.
F OFF and enjoy being used for their pleasure.

I Have accounts with both FTMO and MyForexFunds and I enjoy a very healthy and profitable life. Feck your EA, they don't need it. If you can't share it, then don't share it. They are there to FUND you, if you think they will "steal" your precious EA, the ultimate secret algorithm that nobody else can hack, then keep to yourself and live a life of a $5,000 account.

I don't get offended by replies like yours. I know I deal with 97% of the losers here. But I will continue to help those who are willing to be helped. said and out. (for another year or so)

As I said; F OFF and go show off your being funded to someone else.

This is not a show-off.

This is an attempt to make a point. If I were you I'd be asking myself how I did it. I've been around for a while probably a bit longer than you.

When I find someone who has achieved a goal that I am trying to achieve, I am after them like a hawk, like a bloodhound. Several people, I have hounded for years, over here on forex factory and elsewhere because they could do what I was trying to do but could not succeed in doing.

Eventually, they give in and they taught me something. But I had to beg them and be nice to them.

I don't post often but I look for people who know their shit. Those are the people you should target and get information out of. Abusing people who are willing to help won't get anyone anywhere.

Such is the case and sad truth of FF. Perhaps like Peter Crown, I'll disappear as well. (though I'm nowhere near his excellence, I'm just a humble student)