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  • #8,441
  • Jun 9, 2022 4:59pm Jun 9, 2022 4:59pm
Quoting TrAndy1
FTMO milestones, anyone here that had more than 2 years every month a profit with a prop firm ? There were three major milestones that have been reached at FTMO recently: Record single payout of over $143,000 Record 57 consecutive withdrawals made by a single trader Payouts of $25,000,000+ have been distributed to traders from the beginning of the year 2022 What do you think about these milestones?
I think that's a very impressive number for 57 consecutive payouts. He must be a very good trader and they are surely copying his trades probably on a very big account. Since they were the pioneers of this prop-firm space, the fact that they are still paying out large sums probably means this prop firm game is here to stay which is good news for us traders.
  • #8,442
  • Jun 9, 2022 5:08pm Jun 9, 2022 5:08pm
Quoting sampat
{quote} 57 consecutive withdrawals is like a milestone. I would like to know risk management of that trader.
Guess it is not from single account, only from single trader who can have multiple accounts and then restart challenge again, so he always has 1 funded account in plus.
  • #8,443
  • Jun 9, 2022 5:28pm Jun 9, 2022 5:28pm
I remember MFF stating that everyone they payed out >70K blew their accounts shortly after receiving the payouts.
  • #8,444
  • Edited Jun 10, 2022 2:53am Jun 9, 2022 5:47pm | Edited Jun 10, 2022 2:53am
Quoting sampat
{quote} If you double lot size they will deny account. It was not written anywhere in website but I have chatted with online support.
Put a proof. Thank you
  • #8,445
  • Jun 9, 2022 5:48pm Jun 9, 2022 5:48pm
Quoting CableJ
I remember MFF stating that everyone they payed out >70K blew their accounts shortly after receiving the payouts.
Yea but with 70K he could have 70 different challenges. It is obvious those who earned more than 70K will have high risk trades. The point of having prop firms is not to get married but one night stand and extract as much as you can and fund personal account as no body knows till what point they are round
  • #8,446
  • Jun 9, 2022 5:57pm Jun 9, 2022 5:57pm
Quoting TrAndy1
{quote} Guess it is not from single account, only from single trader who can have multiple accounts and then restart challenge again, so he always has 1 funded account in plus.
Ah.. I was under assumption same account. But even with blown up accounts it is still awesome.
  • #8,447
  • Jun 9, 2022 8:19pm Jun 9, 2022 8:19pm
Quoting TrAndy1
What about slippage at MFF ? Up to what lot size you can enter to minimize slippage ? I read with 5 lots you have 0.3 pips or 3 points simulated slippage on each side.
Depends on the market. If you're caught in a volatile market then it can get quite nasty, particularly if you place market orders for indices. Generally I recommend placing limit orders to reduce the impact. That said, there are times when I get positive slippage. A couple of days ago I netted extra 14 points on US30 trading three lots.

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  • #8,448
  • Jun 10, 2022 12:22am Jun 10, 2022 12:22am
Hi what's your experience or preference between E8 vs The Funded Trader Rapid account?

Both have similar profit targets, daily and max drawdown with the 1st payout on 8th or 14th day which is great. How are the spread, commission, slippage, platform stability, payout, ..?
  • #8,449
  • Jun 10, 2022 1:39am Jun 10, 2022 1:39am
Just noticed True Forex Funds also has 1st payout on 14th day with lower profit target and higher max daily loss. How's your experience with them?

And I'm not sure why am I listed as a commercial member? Been a silent reader and only occasionally post here to ask questions.
  • #8,450
  • Jun 10, 2022 1:45am Jun 10, 2022 1:45am
Quoting TrAndy1
What about slippage at MFF ? Up to what lot size you can enter to minimize slippage ? I read with 5 lots you have 0.3 pips or 3 points simulated slippage on each side.
I've been tuning that and, not scientifically, it seems to me that 5 gets me slippage but 4.5 doesn't, both in 100K and 200K.
  • #8,451
  • Jun 10, 2022 2:32am Jun 10, 2022 2:32am
Quoting TrAndy1
FTMO milestones, anyone here that had more than 2 years every month a profit with a prop firm ? There were three major milestones that have been reached at FTMO recently: Record single payout of over $143,000 Record 57 consecutive withdrawals made by a single trader Payouts of $25,000,000+ have been distributed to traders from the beginning of the year 2022 What do you think about these milestones?
Record Payout has been broken this week then.

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  • #8,452
  • Jun 10, 2022 2:57am Jun 10, 2022 2:57am
The 75% profit split for the first payout on MFF it is valid per account or per trader ? There must not be any time breaks between first and second payout to get 80% ?
  • #8,453
  • Jun 10, 2022 3:10am Jun 10, 2022 3:10am
When you take 75% profit split at MFF, which you get at the first time, then you get lower scores. Here are the updates to MFF. TFT 200k challenge has a score of 6.4.
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  • #8,454
  • Jun 10, 2022 3:41am Jun 10, 2022 3:41am
Anyone have checked, is the 5 lot slippage you get at MFF already the max. slippage you can get ? Or do you get double the slippage of 6 points total then with 10 lots or 20 lots ? This is especially important when having a large merged account. Does the lot size without slippage increase on a merged account, when you have 600k ?
  • #8,455
  • Jun 10, 2022 3:56am Jun 10, 2022 3:56am
Quoting TrAndy1
{quote} Did you check, is the 5 lot slippage you get at MFF already the max. slippage you can get ? Or do you get double the slippage of 6 points total then with 10 lots or 20 lots ? This is especially important when having a large merged account. Does the lot size without slippage increase on a merged account, when you have 600k ?
Hi,
I trade regularly 10 lots on EURUSD on MFF. Slippage is almost always around 0.5pip. I traded 20 lots too and slippage was close to 1pip. So, if you get 300K merged account, then you will either get huge slippage or will have to place many <5 lot orders to minimize slippage. If you are scalper then forget trading size larger than 5 lots on MFF.

I have also traded 10 lots on EURUSD on FTMO, TFT, TFF and E8. None of them come even close to slippage on MFF. FTMO seems to have great fills of all.

Unfortunately, MFF has the worst slippage of the 5 firms I've traded with.
  • #8,456
  • Jun 10, 2022 7:39am Jun 10, 2022 7:39am
Update on my prop trading with E8 Funding: Earlier than expected, but I passed Phase 2 today . Let's see how the next steps are and how long it takes to get the funded 250k account.
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  • #8,457
  • Jun 10, 2022 9:45am Jun 10, 2022 9:45am
Quoting endgame99
{quote} Hi, I trade regularly 10 lots on EURUSD on MFF. Slippage is almost always around 0.5pip. I traded 20 lots too and slippage was close to 1pip. So, if you get 300K merged account, then you will either get huge slippage or will have to place many <5 lot orders to minimize slippage. If you are scalper then forget trading size larger than 5 lots on MFF. I have also traded 10 lots on EURUSD on FTMO, TFT, TFF and E8. None of them come even close to slippage on MFF. FTMO seems to have great fills of all. Unfortunately, MFF has the worst slippage...
Agreed I have tested on calm asian markets (after 7 PM EST) where spreads are good and market doesn't move much and it looks like they have system that adds spreads on market order, otherwise no other reason to justify exact slippage on all orders.
  • #8,458
  • Jun 10, 2022 9:46am Jun 10, 2022 9:46am
Quoting TrAndy1
Anyone believes there will be Yen intervention in the next coming days or weeks ? I trade UJ and Yen crosses, so it would be important to guess that. I have just read:'Japan’s Top Currency Diplomat Kanda: Will take appropriate action if needed.' Source from FXstreet: https://www.fxstreet.com/news/japans...d-202206100839
If thats the case than U/J will go to 150 for sure. I have seen same news during 2008 times and still it went to 75.
  • #8,459
  • Jun 10, 2022 10:27am Jun 10, 2022 10:27am
Quoting TrAndy1
{quote} But before UJ will go down significantly from actual level of 134.20 or not ? If there is intervention then it can go down 400-500 pips or not, before any rebound starts ? Went short UJ at 134.20 with a small position. The downside risks near term, speaking short term and both intermediate term, are too large not to have a short hedge.
Frankly speaking intervention doesn't make sense, as japan doesn't want their currency to be strong and historically they tried to devalue. Well yea for time being it looks like it is oversold but if you compare 2007-2010 it was overbought for about 5 years and stayed in the range. Traditional logic says it should be stronger with all kind of turmoil going on but it doesn't goes opposite ways which means some pretty powerful banks are selling yen.
  • #8,460
  • Jun 10, 2022 11:13am Jun 10, 2022 11:13am
By the way I find the simulated slippage experience at MFF and also other props who are doing that just ridiculous. I mean you can open within 1 second several 2.5 lots orders without any slippage and then do bulk closing in MT5 too without slippage. That volume can exceed 10 lots by far. But then you cannot open 5 lots at the same ?
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