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  • #7,881
  • May 11, 2022 6:52am May 11, 2022 6:52am
@Fundednext
Anyone can share his experiences with that prop firm please here ? Thanks, because I am considering them, they look good.
  • #7,882
  • May 11, 2022 7:17am May 11, 2022 7:17am
Quoting TrAndy1
@Fundednext Anyone can share his experiences with that prop firm please here ? Thanks, because I am considering them, they look good.
Doji tried funded next but complained about server issues:https://www.forexfactory.com/thread/...13986698#reply

For me personally they are not an option at the moment as on live accounts you must close trades before news. As a swing trader this does not suit me.
Your worst drawdown is yet to come
  • #7,883
  • Edited 8:36am May 11, 2022 7:17am | Edited 8:36am
Forex Traders UK (FTUK)

They allow scalping ....

"Congratulations, you have successfully reached your account milestone for login 2145723253, please close all open trades on this account so we can prepare a new trading account with more capital responsibility"

And than they have a 30 seconds rule......

We understand that sometimes due to market conditions a trade can be closed within 30 seconds and that wouldn't be an issue for us. It becomes an issue for us once this is happening systematically.
For this reason, we won't be able to proceed with your level 2 account
  • #7,884
  • May 11, 2022 8:15am May 11, 2022 8:15am
US CPI helped some.

Now another 350 needed.

I may not take chance today unless a nice set up i see.
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Intraday only.
  • #7,885
  • May 11, 2022 8:20am May 11, 2022 8:20am
Quoting 1odi
{quote} from that sharpe ratio i bet ur risking a tad more then u win? regardless, great stuff bud
win rate 64.51.

I was thinking sharpe ratio above 1 and win rate above 50 is good.

How do you analyze accounts with sharpe ratio?
Intraday only.
  • #7,886
  • May 11, 2022 8:32am May 11, 2022 8:32am
Quoting navk
{quote} win rate 64.51. I was thinking sharpe ratio above 1 and win rate above 50 is good. How do you analyze accounts with sharpe ratio?
i deleted the post cos i misread, was thinking of profit factor. my bad.
sharpe ratio is used to see how good is the return vs the risk ur taking. the higher the better.
  • #7,887
  • May 11, 2022 8:40am May 11, 2022 8:40am
Quoting 1odi
{quote} i deleted the post cos i misread, was thinking of profit factor. my bad. sharpe ratio is used to see how good is the return vs the risk ur taking. the higher the better.
ok
Intraday only.
  • #7,888
  • May 11, 2022 8:49am May 11, 2022 8:49am
Quoting navk
{quote} win rate 64.51. I was thinking sharpe ratio above 1 and win rate above 50 is good. How do you analyze accounts with sharpe ratio?
Sharpe Ratio is a figure that can express how stable you can pass such Phase 1 challenge. Any Sharpe Ratio above 4 is indicating a RRR of about 1:1 monthly so you can pass Phase I for sure if you can hold that Sharpe ratio. Any Sharpe ratio below 3 is indicating you need some or lot luck to pass phase 1. On Phase II you only need a kind of Sharpe Ratio of 3, so those numbers are only required for the short term, but they are still challenging because they are difficult to achieve them without luck.
  • #7,889
  • May 11, 2022 9:04am May 11, 2022 9:04am
Quoting TrAndy1
{quote} Sharpe Ratio is a figure that can express how stable you can pass such Phase 1 challenge. Any Sharpe Ratio above 4 is indicating a RRR of about 1:1 monthly so you can pass Phase I for sure if you can hold that Sharpe ratio. Any Sharpe ratio below 3 is indicating you need some or lot luck to pass phase 1. On Phase II you only need a kind of Sharpe Ratio of 3, so those numbers are only required for the short term, but they are still challenging because they are difficult to achieve them without luck.
Thanks for the insight.
Intraday only.
  • #7,890
  • May 11, 2022 10:26am May 11, 2022 10:26am
Quoting doji
{quote} I'm on FundedNext's two-phase "Evaluation" program which is similar to FTMO's (30 days for Phase 1/60 days for Phase 2). My main concern is their use of 8Cap as partner-broker. Now that I'm on Phase 2, I've been regularly experiencing freezing/disconnection/messed-up charts on my MT4 platform. It's almost like they don't want me to pass! If this keeps up, I'll most likely just wait for my first payout/refund and stop trading with them altogether.
Any updates from Fundednext you can share please ?
  • #7,891
  • May 11, 2022 10:49am May 11, 2022 10:49am
Quoting wansiman
Forex Traders UK (FTUK) They allow scalping .... And than they have a 30 seconds rule...... We understand that sometimes due to market conditions a trade can be closed within 30 seconds and that wouldn't be an issue for us. It becomes an issue for us once this is happening systematically. For this reason, we won't be able to proceed with your level 2 account
-I would personally stay away from any firm that operates this way. Complete hogwash.
  • #7,892
  • Edited 5:09pm May 11, 2022 4:46pm | Edited 5:09pm
Quoting navk
{quote} I am with MFF. Had worked with FTMO some six months ago but could not succeed. MFF works for me though their customer service is not up to the mark. If there are issues, I take up the matter to Yawuz ( only ) and get it resolved.

Thanks for your tips.
You will succeed, you doing great! Patience, hard work and good set up is the key.
Once trade is in profit best to adjust to a positive sl, otherwise keep it tight. This works for me.

I tested a few times now and done a few small challenges via FTMO without passing, will try at some point again to challenge.
With FTMO no problems whatsoever, very fast aprovals, speady service. But don't forget to read the small trade rules.
I find that the practise was very helpful for self control and provided superb analysis.
For me, permitted daily loss is the hardest to pass, no problem to excel in profits.
Accounts tested - 3k, 20k, 200k find it more space to breathe within larger account, still working on cutting down on my draw down, not easy...

Good luck Navk and others and keep posting your views.

Thanks Mastermind for creating this thread.
I am popping in time to time.

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  • #7,893
  • May 11, 2022 5:29pm May 11, 2022 5:29pm
Quoting pipmaster77
{quote} Exactly. It is amazing how I can use offshore brokers for so long with no issues. Now I use prop firms for just about 2 years.....guess what?? no issues. I haven't been ripped off, scammed, tricked, etc. If people would just do their due diligence, read and understand the rules, it's amazing what one can accomplish. Even though I think the 5%ers direct funding is a complete rip -off and I actually joined with them last year, they fully disclose everything, it was completely MY FAULT for being tricked by their numbers.
I sent you a PM. When you find time do you mind taking a look and replying? Tyvm!
  • #7,894
  • May 11, 2022 7:29pm May 11, 2022 7:29pm
Quoting TrAndy1
{quote} Any updates from Fundednext you can share please ?
I have till June 25 to finish Phase 2. They've issued me a certificate after passing Phase 1 and asked me to put in a good word for FundedNext in socmed and on Trustpilot.

Which of course I could not do in good conscience because while I like their Evaluation Program's terms and conditions, their partner EightCap is (next to ICMarkets) the crappiest broker on the planet. Not a day goes by that my MT4 platform isn't freezing, disconnected, missing indicators, taking forever to start, etc, etc.

Right now, I'm so de-motivated I'm seriously wondering if it's still even worth my time to continue so I can at least get my refund and the 15% payout from profits made during the Evaluation.
Amor Fati--F. Nietzsche
  • #7,895
  • May 12, 2022 1:05am May 12, 2022 1:05am
Hello folks,
it's very sad to know that tentoptraders is now off and all accounts been stopped .
I am doing great result on their free funded account and now all efforts were in vain.
Now I need some one here to work with coz I can't afford any registration fees . I have a good strategy and also passed all FTMO free trial accounts i joined (all login details available if interested)

I contacted tentoptraders and they answered with email

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here's my ftmo area

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  • #7,896
  • May 12, 2022 2:00am May 12, 2022 2:00am
Quoting doji
{quote} I have till June 25 to finish Phase 2. They've issued me a certificate after passing Phase 1 and asked me to put in a good word for FundedNext in socmed and on Trustpilot. Which of course I could not do in good conscience because while I like their Evaluation Program's terms and conditions, their partner EightCap is (next to ICMarkets) the crappiest broker on the planet. Not a day goes by that my MT4 platform isn't freezing, disconnected, missing indicators, taking forever to start, etc, etc. Right now, I'm so de-motivated I'm seriously...
How often and how long in minutes it is freezing per day ? Are you sure that you have no overloads with indicators and EAs, because on MT4 the ressources are very limited due to 32bit application ? How many quotes are shown in your market watch ? Do you let show all symbols here or only a very few to spare some ressources ?
  • #7,897
  • May 12, 2022 2:52am May 12, 2022 2:52am
Look, I know you're trying to be helpful so how about taking a look at this screenshot of my mt4 platform right now--more than 30 minutes after I logged on:

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I'm a manual trader and use no EA's or scripts. I only trade one pair at a time.

It's irritating when I have to jump on live chat and be made to feel like it's my fault that my 8Cap MT4 is malfunctioning even when I have another broker's platform running with no problems.
Amor Fati--F. Nietzsche
  • #7,898
  • Edited 3:18am May 12, 2022 3:06am | Edited 3:18am
Quoting doji
Look, I know you're trying to be helpful so how about taking a look at this screenshot of my mt4 platform right now--more than 30 minutes after I logged on: {image} I'm a manual trader and use no EA's or scripts. I only trade one pair at a time. It's irritating when I have to jump on live chat and be made to feel like it's my fault that my 8Cap MT4 is malfunctioning even when I have another broker's platform running with no problems.
As I know from my trip the internet connection can be very unstable in East Asia. Your profile shows you sit in Philippines. Did you try a VPN provider to get access to a different internet knot over a different country and then start 8cap MT4, maybe this helps ? Give it a try and tell me if that could be a solution or not, because on trustpilot I have not heard about much complaints about freezing and also other prop firms like TFT do not show that much freezes you have and they also use 8cap.
It does not mean much if you have access to other brokers meantime it is freezing on your 8cap MT4, because the trace route from internet connection can be totally different to that MT4 8cap server Fundednext is using. Most of them are located in East Europe or maybe in UK. So there is huge distance with lot of ping time to your home base. Just try different reliable and fast VPN providers with having a lot of different servers located in Europe and Asia too, then it should be much better I guess.
  • #7,899
  • May 12, 2022 3:23am May 12, 2022 3:23am
Quoting Feelas
Hello folks, it's very sad to know that tentoptraders is now off and all accounts been stopped . I am doing great result on their free funded account and now all efforts were in vain. Now I need some one here to work with coz I can't afford any registration fees . I have a good strategy and also passed all FTMO free trial accounts i joined (all login details available if interested) I contacted tentoptraders and they answered with email {image} here's my ftmo area {image}
Thanks for sharing Feelas.

I also received an email from Basill who is apparently going to take over operations from Sam and I've asked him about my recent $100K challenge account.

Once I get more information from him I will post what I can to this thread.

Masterrmind ...........
Master your Mind then Master your Trades
  • #7,900
  • May 12, 2022 3:29am May 12, 2022 3:29am
I am no more interested in Fundednext as I got an e-mail from their support. They have a rule that no news trading is allowed on funded/live accounts. You cannot open or close trades within a 2 minutes window before and after high impact news. That is not a favourable rule for me because sometimes there are good setups here.
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