The5ers - Trading & Growth Program | Page 81 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Billy & Jim TMA & Channel & Life Health & Wealth 1,084 replies

Unbalance Parentheses & Unexpected End of Program 3 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

All about MT4 Program, Indicator, Script & EA 81 replies

Fisrt Program - Safe Trading 26 replies

Attachments: The5ers - Trading & Growth Program
Exit Attachments

The5ers - Trading & Growth Program

  • #1,601
  • Apr 15, 2022 2:19am Apr 15, 2022 2:19am
Quoting Nsak3y
To recap the Freestyle program updates: 1. Program now offers a full refund of the challenge fee following successful completion. 2. Cheaper 25K account option now available. 3. First account has a free reset that can be used at any time, even if you are in draw-down (i.e. you get two tries to pass). Regarding #3, does the free reset apply to each new account that is purchased, or, does this reset only apply once per trader over the lifetime of the program? Thanks.
Hey Nsak3y

If it's your first time signing up for the Freestyle program, you'll have 1 reset no matter your account situation (even if you are in a deep drawdown).
If it's your second time, you have 1 reset only if you are above profit factor > 0

Best regards
We are Forex traders - Come trade with us
  • #1,602
  • Apr 15, 2022 9:32am Apr 15, 2022 9:32am
Thank you.
  • #1,603
  • Apr 16, 2022 4:26am Apr 16, 2022 4:26am
Hi I have some questions about your “Freestyle” offering, please.

1. Do you allow a copy trader EA on the account as the receiver? (Trades will be copied from my own trading but from another source).

2. If you do, how does the netting work if I place sequential single trades from MT4 to scale into a position.

3. What happens if I want to rebalance and close an earlier trade at loss but have several trades still running (on the same pair and not hedged, let’s say all sells).

4. Why have decided to only offer MT5 netting on this account? What is your motive and what is the benefit to the trader?

Thanks
F
  • #1,604
  • Apr 17, 2022 8:12am Apr 17, 2022 8:12am
Quoting Fagin
Hi I have some questions about your “Freestyle” offering, please. 1. Do you allow a copy trader EA on the account as the receiver? (Trades will be copied from my own trading but from another source). 2. If you do, how does the netting work if I place sequential single trades from MT4 to scale into a position. 3. What happens if I want to rebalance and close an earlier trade at loss but have several trades still running (on the same pair and not hedged, let’s say all sells). 4. Why have decided to only offer MT5 netting on this account? What is your...
Hey Fagin

1- Yes, we allow

2- There wouldn't be a problem. Your scaling position will be counted as one position only in the same pair.

3- It will close partial losses in the same pair

4- We have decided to offer Netting, as it is more relevant for us to evaluate traders over a series of positions.

Best regards
We are Forex traders - Come trade with us
  • #1,605
  • Apr 17, 2022 8:15am Apr 17, 2022 8:15am
Freestyle Program Advantages and Improvements

Watch the video where we'll be taking you through all of the changes we've made to the Freestyle program.

We will talk about the advantages of this type of funding and how you can benefit from enrolling in the program.

What Do You Get Once Funded?

* Get funded with a live account of $50,000
* No profit split; 100% is yours.
* Growth up to 4M.
* Leverage of 1:30
* No daily drawdown
* 10% absolute DD
* Refund

Check out for more details about the Freestyle program


Inserted Video
We are Forex traders - Come trade with us
  • #1,606
  • Apr 22, 2022 6:18am Apr 22, 2022 6:18am
Hi,
just a quick question about bootcamp program

A trader can hold 3 accounts but with different methods of trading

if I trade only eur/usd in the first account, only gbpusd in the second account and only gold in the third one, would be that considered a different method and trading with no problem the 3 accounts?

Tkanks
  • #1,607
  • Apr 23, 2022 4:31am Apr 23, 2022 4:31am
Quoting Metcalfe
Hi, just a quick question about bootcamp program A trader can hold 3 accounts but with different methods of trading if I trade only eur/usd in the first account, only gbpusd in the second account and only gold in the third one, would be that considered a different method and trading with no problem the 3 accounts? Tkanks
Hey Metcalfe

No problem, you can do it.

Best regards
We are Forex traders - Come trade with us
  • #1,608
  • Apr 29, 2022 12:08am Apr 29, 2022 12:08am
TradingView And The5ers - Stop Strategy Jumping

The5ers is proud to be chosen by TradinView to open their weekly mail.
This video by our senior analyst Jordon explains one of the biggest challenges that every retail trader face on their journey to becoming a successful forex trader.

Enjoy!


Inserted Video
We are Forex traders - Come trade with us
  • #1,609
  • Apr 30, 2022 1:15am Apr 30, 2022 1:15am
Hello,
If I have max allowed 3 100k bootcamp accounts already, can I have a 4th freestyle account alongside?
  • #1,610
  • May 2, 2022 5:52am May 2, 2022 5:52am
Quoting mayr
Hello, If I have max allowed 3 100k bootcamp accounts already, can I have a 4th freestyle account alongside?
Hey mayr

Yes, you can!
We are Forex traders - Come trade with us
  • #1,611
  • May 3, 2022 5:50am May 3, 2022 5:50am
Lucian S, 30 years old, From the United Kingdom.

Lucian has just successfully passed our Freestyle program. He made an amazing recovery from 14.21%. He is now one of The5ers funded traders and is trading with a 50K funded account on our platform.

From now on, every profit he gains is 100% his. His next mission is to complete another 100 trades and keep a consistent performance to grow his Freestyle account.


For more forex trading insight, follow us on Instagram: @the.5ers


Inserted Video
We are Forex traders - Come trade with us
  • #1,612
  • May 10, 2022 8:20am May 10, 2022 8:20am
Adam has just successfully passed our Freestyle program. He made an amazing recovery from -25.22% Drawdown. He is now one of The5ers funded traders and is trading with a 50K funded account on our platform.

From now on, every profit he gains is 100% his. His next mission is to complete another 100 trades and keep a consistent performance to grow his Freestyle account.

For more forex trading insight, follow us on Instagram: @the.5ers


Inserted Video
We are Forex traders - Come trade with us
  • #1,613
  • May 16, 2022 12:33am May 16, 2022 12:33am
Weekly trade idea on GBP/JPY.

Week: 16-20.05.2022

Weaker PMIs and Retail Sales for the GBP.

GBP has been producing some weaker data as of recently and I expect it to continue. The BoE have hiked their rates for a 4th time but have signalled there is less to come. A dovish hike and mixed data reports is giving a bearish tone for the currency.

JPY on the other hand has had a recent re-evaluation after the steep runs. Potential profit taking moving the market. Rising rates and the central bank's level of hawkishness could drive stocks lower, therefore driving the JPY higher.

Key Levels:

  1. Resistance 159.00
  2. Support 156.400

Trend GBP/JPY.

Bearish

Overall trend recently has been to the downside on the pair, I think this trend will continue into the near future and breaking lower lows as it moves.

Call to Action/Trade Idea
Wait for a pullback and a fair value price to enter short on this pair for the short term future.

Forex Trading Ideas

https://mail.google.com/mail/u/0?ui=...d=ii_l37zghbd0

We are Forex traders - Come trade with us
  • #1,614
  • May 19, 2022 7:31am May 19, 2022 7:31am
Gordon S, 50 years old, From Canada.

Gordon has just successfully scaled up his account for the second time on our Freestyle program. He is now trading a $100K funded account on the Freestyle, He did it in only 6 weeks keeping 100% of the profits, and he is also funded a $40K account on the low risk.

His next mission on the Freestyle is to complete another 100 trades and keep a consistent performance to grow his Freestyle account to $125K.

His next mission on the low risk is to reach 10% of profit and double his funds to 80K.

For more forex trading insight, follow us on Instagram: @the.5ers

Inserted Video
We are Forex traders - Come trade with us
  • #1,615
  • May 19, 2022 12:51pm May 19, 2022 12:51pm
Did you guys change the scale-up structure for the Freestyle account? I thought is used to be 50K->100K on first scale-up.

Thanks.
  • #1,616
  • May 19, 2022 1:21pm May 19, 2022 1:21pm
Hi 5ers

Regarding the Freestyle programme you advertise that no stop loss is required and no drawdown rules, however reading your terms you state this:

Stop Loss
The5ers suggests an ideal risk management recipiency, that requires submitting a proper stop-loss order for every position, market order, pending stop order, and pending limit order.
It is suggested, although not required for every position, market order, pending stop order, or pending limit order to contain a stop loss at a price level, which represents a maximum money risk of 1%, and preferably less.

So is this at your discretion or a rule, please can you clarify exactly?

Many thanks
  • #1,617
  • May 20, 2022 1:55am May 20, 2022 1:55am
HI 5ers, me again..

When do you issue a fee refund on Freestyle? You state you will issue a live account:

This program isn’t to make a profit, it’s to show us you can make more than you risk.
Your trading will be examined over 100 positions, as you progress we will take your overall net profit and divide that by your max relative drawdown (AKA Performance Factor). We will also consider your Winning Factor (having at least 30 winning positions).
You need to do is focus on risk management and consistency to end the 100 positions with a Performance Factor larger than 2.

But in your Q&A you state a refund is payable with the following criteria:

Do I get a refund once funded?

Yes, once completing the evaluation factors with a PF larger than 3 you will get a funded account + a 120% refund of your payment.

Please clarify?

Also can you show a working dashboard with freestyle? Do you have a video of it part way through? Because you don't offer a demo I would like to see what metrics the trader has half way through the 100 trades, i.e. how does the trader know if he is off track, what does it look like, etc?

Many thanks
  • #1,618
  • May 20, 2022 3:18am May 20, 2022 3:18am
Quoting Nsak3y
Did you guys change the scale-up structure for the Freestyle account? I thought is used to be 50K->100K on first scale-up. Thanks.
Hey Nsak3y

We did not change it. It was always 25K up

Best regards
We are Forex traders - Come trade with us
  • #1,619
  • May 20, 2022 3:20am May 20, 2022 3:20am
Quoting Fagin
Hi 5ers Regarding the Freestyle programme you advertise that no stop loss is required and no drawdown rules, however reading your terms you state this: Stop Loss The5ers suggests an ideal risk management recipiency, that requires submitting a proper stop-loss order for every position, market order, pending stop order, and pending limit order. It is suggested, although not required for every position, market order, pending stop order, or pending limit order to contain a stop loss at a price level, which represents a maximum money risk of 1%, and...
Hey Fagin

This is just a suggestion. You do not have to use stoploss.
We are Forex traders - Come trade with us
  • #1,620
  • May 20, 2022 3:28am May 20, 2022 3:28am
Quoting Fagin
HI 5ers, me again.. When do you issue a fee refund on Freestyle? You state you will issue a live account: This program isn’t to make a profit, it’s to show us you can make more than you risk. Your trading will be examined over 100 positions, as you progress we will take your overall net profit and divide that by your max relative drawdown (AKA Performance Factor). We will also consider your Winning Factor (having at least 30 winning positions). You need to do is focus on risk management and consistency to end the 100 positions with a Performance...
Hey Fagin

If you finished the 100 trades with a profit factor above 3, you'd receive the new account with the refund, and you can choose to withdraw it or leave it for more DD.

As for the dashboard, this is why if it's your first sign-up for the Freestyle, you have one reset, no matter the account situation.

I recommend watching the interview with traders who have already passed the program on our YouTube channel, and you can see the dashboard over there.
We are Forex traders - Come trade with us
0 traders viewing now