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  • #8,721
  • Jun 24, 2022 7:43am Jun 24, 2022 7:43am
Quoting Takisd
{quote} I have the big "3" evaluations. With number 3 now being pretty shit. Here is an example of why its pretty shit. I haven't seen another i have interest in going through the process with and I may just go back to retirement.{image}
What is your opinion of True Forex Funds and E8 Funding? I did a small 10K with TFF, just to check their conditions and automation and also to try an "all-in" type approach. Got to funded but blew it up. However, the process was extremely smooth and quick and their trading conditions were great other than commission being double MFF.
  • #8,722
  • Jun 24, 2022 7:47am Jun 24, 2022 7:47am
Attached Image (click to enlarge)
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This guy has it figured out. Don't agree with ALL of his choices of firms. He only risks 0.25% per trade through a copier (except The Funded Trader)
  • #8,723
  • Jun 24, 2022 7:49am Jun 24, 2022 7:49am
Quoting pipmaster77
{quote} What is your opinion of True Forex Funds and E8 Funding? I did a small 10K with TFF, just to check their conditions and automation and also to try an "all-in" type approach. Got to funded but blew it up. However, the process was extremely smooth and quick and their trading conditions were great other than commission being double MFF.
The e8 team need psychological help. TrueForexFunds is a company who tried to piggyback off MFF and then adjusted slightly for the worse but I have an issue with their business practice. They aren't really any different the all the others, surgetrader, bluwhatever, shitboxcity so on so forth. If they pay they pay if they dont they dont. Nothing has made me go "oh I really want to be a part of that" like FTMO and MFF did in the beginning, but I am tainted.
  • #8,724
  • Jun 24, 2022 8:04am Jun 24, 2022 8:04am
Quoting Takisd
{quote} The e8 team need psychological help. TrueForexFunds is a company who tried to piggyback off MFF and then adjusted slightly for the worse but I have an issue with their business practice. They aren't really any different the all the others, surgetrader, bluwhatever, shitboxcity so on so forth. If they pay they pay if they dont they dont. Nothing has made me go "oh I really want to be a part of that" like FTMO and MFF did in the beginning, but I am tainted.
Yes, I get it. MFF and FTMO are on a different level. I would never just use any other company than FTMO or MFF if I were just using one or two companies.
I am just speaking from a diversification prospective and/or for additional capital. TrueForex and E8 have their own servers, which is very high on my list of priorities. The Funded Trader is on my list as well, however, your recent feedback probably throws them to the back burner for me.
  • #8,725
  • Jun 24, 2022 8:05am Jun 24, 2022 8:05am
Quoting Takisd
{quote} The e8 team need psychological help. TrueForexFunds is a company who tried to piggyback off MFF and then adjusted slightly for the worse but I have an issue with their business practice. They aren't really any different the all the others, surgetrader, bluwhatever, shitboxcity so on so forth. If they pay they pay if they dont they dont. Nothing has made me go "oh I really want to be a part of that" like FTMO and MFF did in the beginning, but I am tainted.
lol, shitboxcity. That would be a great name for a firm.
  • #8,726
  • Jun 24, 2022 9:07am Jun 24, 2022 9:07am
Quoting pipmaster77
{quote} Yes, I get it. MFF and FTMO are on a different level. I would never just use any other company than FTMO or MFF if I were just using one or two companies. I am just speaking from a diversification prospective and/or for additional capital. TrueForex and E8 have their own servers, which is very high on my list of priorities. The Funded Trader is on my list as well, however, your recent feedback probably throws them to the back burner for me.

Mt4 or mt5? I Can tell you now that they dont have their own mt4 server.
  • #8,727
  • Jun 24, 2022 9:22am Jun 24, 2022 9:22am
Quoting pipmaster77
{quote} Trading isn't going anywhere and I do not believe the prop firm market is either. It may shift and move, companies may come and go, but I believe the model itself is here to stay.
I think this is very true and we've already had firms that have blown up and just come up under a different guise. I think it's not very hard to convince some investors to get start up capital for these prop firms. As time goes i think we'll see less and less variability as firms realize there is a very specific window of conditions that work just right. Similar to the way brokers are all virtually the same, i think these prop firms will eventually all look the same with the same set of profit targets and drawdown rules. 1 example is MFF's rule of the first payout coming after 30 days unlike other firms which pay out after 2 weeks. It looks like a small detail but am sure those extra 2 weeks get a lot of people fouling out before getting to the 1st payout.
  • #8,728
  • Jun 24, 2022 9:27am Jun 24, 2022 9:27am
Quoting Inception12
{quote} I think this is very true and we've already had firms that have blown up and just come up under a different guise. I think it's not very hard to convince some investors to get start up capital for these prop firms. As time goes i think we'll see less and less variability as firms realize there is a very specific window of conditions that work just right. Similar to the way brokers are all virtually the same, i think these prop firms will eventually all look the same with the same set of profit targets and drawdown rules. 1 example is MFF's...

MFF have accelerated which is weekly payouts and it has a higher failure rate afaik. I dont think the period for first payment actually makes any difference if you consider random walk. Basically, within the 1 day or 30 days or 100 days each day is the same chance someone loses their account.
  • #8,729
  • Jun 24, 2022 9:30am Jun 24, 2022 9:30am
Quoting pipmaster77
{image}This guy has it figured out. Don't agree with ALL of his choices of firms. He only risks 0.25% per trade through a copier (except The Funded Trader)
Surgetrader and 5ers are direct funding, right ? Why would he do that ?
  • #8,730
  • Jun 24, 2022 9:39am Jun 24, 2022 9:39am
Quoting Takisd
{quote} Mt4 or mt5? I Can tell you now that they dont have their own mt4 server.
True Forex Funds was MT4....server True Proprietary Funds. They only transferred to their own maybe a month ago, 6 weeks tops. E8 Funding have not tried yet, but they appear to have their own MT4 feed as well.
  • #8,731
  • Jun 24, 2022 9:43am Jun 24, 2022 9:43am
Quoting Capablanca
{quote} Surgetrader and 5ers are direct funding, right ? Why would he do that ?
Not sure. I mean the guy clearly knows what he is doing. Maybe additional funding and no other options to his liking....I'd be True Forex and E8 in place of those two for sure. I mean, it's been proven over and over with the 5%ers, you wind up with like 4-5 more in a personal account than "scaling" with them.
  • #8,732
  • Jun 24, 2022 9:55am Jun 24, 2022 9:55am
Quoting pipmaster77
{quote} True Forex Funds was MT4....server True Proprietary Funds. They only transferred to their own maybe a month ago, 6 weeks tops. E8 Funding have not tried yet, but they appear to have their own MT4 feed as well.
The one I have in TFF says TrueProprietaryFunds-DEMO
In E8Funding says E8Funding-Demo
Both MT4, both challenges.

In TFT I have one funded account in MT4 and another in MT5 (E8cap). Don't know the criteria they used for setting one or the other.
  • #8,733
  • Jun 24, 2022 10:04am Jun 24, 2022 10:04am
The way I trade :

See this chart.

I took long trades around 10 lots, ( aggressive method ). GBPUSD long trade. After NY open.

Price around 2268.

Stop was initially set at 2261.

7 pips only so, if stop hits, the loss would around 800 dollars including spread.

The price was hovering above my entry price.

What I need is 4k to pass stage 2.

The price did not drop... for a while.

I reset my stop loss to 2265, I slept.

As expected the price spiked.

Alas, the price dropped to 1.22645 before spiking to 1.2320.

The dip to 1.22645 took my stops, I gave loss of 300 bucks.

That does not matter, but I lost a very good chance of winning the phase 2 today, ( In one day )

Feel very bad, because the price just dropped 0.5 pips more before spiking.

Attached is the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 17 KB
Intraday only.
  • #8,734
  • Jun 24, 2022 10:14am Jun 24, 2022 10:14am
Quoting Capablanca
{quote} The one I have in TFF says TrueProprietaryFunds-DEMO In E8Funding says E8Funding-Demo Both MT4, both challenges. In TFT I have one funded account in MT4 and another in MT5 (E8cap). Don't know the criteria they used for setting one or the other.
Did you select MT5 for that one or is it an older one before they had their own server? That's kind of important as some traders are really comfortable with one or the other and may not want to use MT5.
  • #8,735
  • Jun 24, 2022 10:19am Jun 24, 2022 10:19am
Quoting pipmaster77
{quote} True Forex Funds was MT4....server True Proprietary Funds. They only transferred to their own maybe a month ago, 6 weeks tops. E8 Funding have not tried yet, but they appear to have their own MT4 feed as well.

I can say without a doubt its not their own server but a whitelabel. And they are welcome to provide me their ip address of the server to prove me wrong. E8 has a guy who worked for an australian broker, it is highly likely it is a white label of that broker. They will go through what funding talent went through when their server gets full, when you are beholden to another company it all starts to get frustrating.
  • #8,736
  • Jun 24, 2022 10:31am Jun 24, 2022 10:31am
Quoting Capablanca
This is a bit offtopic, pardon to Mastermind, but if someone uses Coinbase to receive prop payouts and then send the coins somewhere else, please be warned that Coinbase will start requesting identification in those transfers. That's a bold move IMO (they say it's because of German regulators).
-Gross. Coinbase continues to fold.

Quoting Inception12
As time goes i think we'll see less and less variability as firms realize there is a very specific window of conditions that work just right. Similar to the way brokers are all virtually the same, i think these prop firms will eventually all look the same with the same set of profit targets and drawdown rules.
-I suspect that brokers are similar for other reasons. But regarding prop firms, my hope would be that the space continues to grow and bring with it, new competition and better offerings. Even if most firms offer the same, cookie-cutter models, I would be okay with that, so long as there are many good, viable options. Customer service can definitely be improved on. Trading conditions are another area where I will always welcome improvements.

Quoting Inception12
1 example is MFF's rule of the first payout coming after 30 days unlike other firms which pay out after 2 weeks. It looks like a small detail but am sure those extra 2 weeks get a lot of people fouling out before getting to the 1st payout.
-As a trader, my hope would be that healthy competition would encourage newer firms to offer something better. Larger firms that refuse to budge can do so because they are already successful, I think. Newer firms might need to incentivize traders with something better, especially if their models are the same, because they do not have any trust or credibility established yet.

Personally, the more firms that I can eventually sign up with, the better, because that will mean that I will be able to have more accounts that I can diversify with and increase my overall profit-potential, all without taking on any additional, long-term risk.
  • #8,737
  • Jun 24, 2022 10:40am Jun 24, 2022 10:40am
Quoting Takisd
{quote} I can say without a doubt its not their own server but a whitelabel. And they are welcome to provide me their ip address of the server to prove me wrong. E8 has a guy who worked for an australian broker, it is highly likely it is a white label of that broker. They will go through what funding talent went through when their server gets full, when you are beholden to another company it all starts to get frustrating.
TrueForex or E8? TrueForex was using ICMarkets prior.
  • #8,738
  • Jun 24, 2022 10:45am Jun 24, 2022 10:45am
Quoting pipmaster77
{quote} Did you select MT5 for that one or is it an older one before they had their own server? That's kind of important as some traders are really comfortable with one or the other and may not want to use MT5.
I chose nothing. I just received the credentials by email. One was MT5 and another was MT4. I don't recall but about 1 or 2 weeks difference.
  • #8,739
  • Jun 24, 2022 11:36am Jun 24, 2022 11:36am
Quoting pipmaster77
{quote} TrueForex or E8? TrueForex was using ICMarkets prior.
e8 has the staff.. but neither of them are having their own server for mt4, mt5 is entirely possible.
  • #8,740
  • Jun 24, 2022 2:06pm Jun 24, 2022 2:06pm
Can someone confirm if US30 price feed is the same for both FTMO and MFF? I've noticed that prices vary widely between Tradingview and MFF (sometimes by almost 20 points) so I'm curious if there's any discrepancy between MFF and FTMO.
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