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  • #8,941
  • Jul 1, 2022 4:29pm Jul 1, 2022 4:29pm
Quoting TrAndy1
{quote} When they (FTMO) make such statements here, I do believe them. For any other reason, they could be liars, I must had some proofs. That is common standard practice in western law countries (as presumption of innocence). I think you are bit too much tainted as you say for yourself. I do not understand why you can say in one breath FTMO is stable and good and then they are outright liars, having no investor money behind and having no income from copy trading to their live accounts. Just to be honest, I would believe them more than you. So do...

You are welcome to think/feel however you please. But please don't put words in my mouth, that is not something you are welcome to do.
  • #8,942
  • Jul 1, 2022 4:49pm Jul 1, 2022 4:49pm
Quoting Thoughts
{quote} What is going on this week?
Massive heatwave in that part of the world this week. Their brains must literally be melting.
  • #8,943
  • Jul 1, 2022 6:22pm Jul 1, 2022 6:22pm
Quoting Capablanca
{quote} I may be wrong but I'm always assuming that we are playing Monopoly money in these firms, not real money. My comment was that in a wild market some traders can be lucky and achieve high amounts of playing money that the Monopoly bank can't pay. I'm a bit degenerate with these firms, always assuming that I'm playing a videogame and not with their alleged real money. I see them as a business of collecting fees and paying some profitable people, like a casino does.
I'm totally agree with you

I'm using my profit to purchase another fund
For me this good for pressure training
  • #8,944
  • Edited 11:20pm Jul 1, 2022 9:36pm | Edited 11:20pm
Too much inside details of prop firms being discussed.
These are useless.
What we need is prompt monthly payouts.
The fee structure, payout details, percentage share, mt4/5 feed, platform freeze, customer service.....
These are essential and need to be discussed.

And what we need is prompt payouts for 2 to 3 years.
That will be lifetime earning.
Intraday only.
  • #8,945
  • Jul 2, 2022 1:19pm Jul 2, 2022 1:19pm
I see this on Funded Next website.
This could be change of minimum day requirement to 5 days or even zero
Could be good value because they offer 15k account size for only $99 which I think is not bad offer price.
I know MFF offer 10k for $84 but have to wait minimum 5+5+30 days first payout
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  • #8,946
  • Jul 2, 2022 4:04pm Jul 2, 2022 4:04pm
Quoting Bizziebee
I see this on Funded Next website. This could be change of minimum day requirement to 5 days or even zero Could be good value because they offer 15k account size for only $99 which I think is not bad offer price. I know MFF offer 10k for $84 but have to wait minimum 5+5+30 days first payout {image}

Man, some dude showed massive slippage like 80 pips beyond stop loss (and trade still open and it wasn't rollover) at fundednext in their discord and they said "market conditions" when it was clearly the metatrader sl bug. Don't touch them even if they offer you gold and a lambo.
  • #8,947
  • Jul 2, 2022 4:08pm Jul 2, 2022 4:08pm
Quoting TrAndy1
Anyone has noticed that trading gets more difficult when trading with a prop firm, like FTMO, MFF ? What I mean is I have noticed that my systematic strategies started extremely well as backtested and then continued to worsen. Then I stopped trading them and they suddenly became better again like at the beginning, now they are again extremely good. Well, I cannot compare if I had not done this by not using them in my challenges, but it makes me bit suspicious what are the firms doing with all the trades ? Selling orderflow to hedge funds or banks...

The phenomenon you are encountering is called market cycles. No strategies fits all markets and the market cycles lately are happening rapidly from volatile directional to non volatile to volatile non directional and back again, day by day. The markets currently are quite possibly the hardest to accurately turn into consistency because no two days are the same. Even the fundies should be getting slaughtered right now because within a minute some guy can say a word and the market flips upside down.

Retail data is very little value to anyone. You could run all the prop firms data together through a quant and still not come out with an alpha because the best way to manage the flow is to b-book it. No one will buy retail FX trade data, although its losing flow you have to be able to beat spread most of the time for it to be of value and the majority of bad retail flow is scalping flow. So trading it as a net or going against it isn't profitable due to transaction cost.
  • #8,948
  • Jul 2, 2022 6:13pm Jul 2, 2022 6:13pm
Quoting TrAndy1
Anyone has noticed that trading gets more difficult when trading with a prop firm, like FTMO, MFF ? What I mean is I have noticed that my systematic strategies started extremely well as backtested and then continued to worsen. Then I stopped trading them and they suddenly became better again like at the beginning, now they are again extremely good. Well, I cannot compare if I had not done this by not using them in my challenges, but it makes me bit suspicious what are the firms doing with all the trades ? Selling orderflow to hedge funds or banks...
I have noticed
Prop firm slippage way wider than normal broker
  • #8,949
  • Jul 2, 2022 6:38pm Jul 2, 2022 6:38pm
Just requested my first payout request from True Forex Funds.

Not sure how it works. Just said I want my cabbage and I made a new Deel account.
Pride always comes before destruction.... -Proverbs 16:18
  • #8,950
  • Jul 2, 2022 7:39pm Jul 2, 2022 7:39pm
Quoting Expo33
Just requested my first payout request from True Forex Funds. Not sure how it works. Just said I want my cabbage and I made a new Deel account.
Considering you live in the USA, do you feel like it's better to W/D using Deel rather than getting a W/D straight to your bank acct? Any benefits as far as taxes go? Feel free to PM me if this is not appropriate here.
  • #8,951
  • Jul 2, 2022 7:42pm Jul 2, 2022 7:42pm
Quoting bojack34
{quote} Considering you live in the USA, do you feel like it's better to W/D using Deel rather than getting a W/D straight to your bank acct? Any benefits as far as taxes go?
I'm certainly no tax expert but I don't think there's any difference. I'm just an independent contractor getting paid.
Pride always comes before destruction.... -Proverbs 16:18
  • #8,952
  • Jul 2, 2022 7:53pm Jul 2, 2022 7:53pm
Quoting Expo33
Just requested my first payout request from True Forex Funds. Not sure how it works. Just said I want my cabbage and I made a new Deel account.
Assuming D is the payout day, you have to close every position until 23:59 on D-1 and send them the email on D-1 or D-2.
On D they will be processing. You can't trade.
With luck you get the payout on D+1. And receive new credentials at the end of D+1 or beginning of D+2.
Always talking about business days.
They are pretty archaic in the process of payout.
Payout goes smoothly to Dell. Not a problem in that perspective.
  • #8,953
  • Jul 2, 2022 8:24pm Jul 2, 2022 8:24pm
Quoting Capablanca
{quote} Assuming D is the payout day, you have to close every position until 23:59 on D-1 and send them the email on D-1 or D-2. On D they will be processing. You can't trade. With luck you get the payout on D+1. And receive new credentials at the end of D+1 or beginning of D+2. Always talking about business days. They are pretty archaic in the process of payout. Payout goes smoothly to Dell. Not a problem in that perspective.
My first trade was placed on June 20th so I think I'm in the right time frame.

Not sure how Deel works but I just said in the email to TFF that I'd like to withdraw my profit from my funded account to my Deel account. I'm assuming TFF then creates a contract and asks me for my Deel details? Guess I'll find out soon enough.

I completely agree the whole process is rather archaic. Losing trading days is annoying.

Everything else with TFF has been perfect for me.

Hopefully, they will have crypto withdrawals in the future. With MFF it's so convenient. Send Bitcoin to my Kraken account, convert it to US dollars and send to my bank. Just clicking buttons and no trading days lost.
Pride always comes before destruction.... -Proverbs 16:18
  • #8,954
  • Jul 2, 2022 9:23pm Jul 2, 2022 9:23pm
Quoting Takisd
{quote} Man, some dude showed massive slippage like 80 pips beyond stop loss (and trade still open and it wasn't rollover) at fundednext in their discord and they said "market conditions" when it was clearly the metatrader sl bug. Don't touch them even if they offer you gold and a lambo.
Once, some 6 months ago, I was doing challenge in FTMO.

THere was 65 pips slippage in GBPUSD..

I was witness that time.

Others made complaint in FF thread.

Nothing seems to have been done by FTMO.

Infact FTMO on numerous occasions faced this problem..

That was the time, I moved to MFF.

Same yard stick applies to every firm.

See the new firms will have problems every now and then.

We have to deal with that.

Surely 65 pips slippage is enough to hit daily violation limit, 5 %.

With MFF or TFF, I never faced this issue.

Even FT ( Where only once, I did challenge ) had no such issue.
Intraday only.
  • #8,955
  • Jul 2, 2022 11:52pm Jul 2, 2022 11:52pm
Quoting Capablanca
The thing, Takisd, is that out of FTMO and MFF we can find objections in all firms. We can see your recent posts and there's not one that you would approve out of the big two (it's not a criticism). In my case, as I'm not building a long term relationship with any of these guys, it's just trying to find the best ones for hit and run while I can. And in that sole perspective TPT has been quite good (but as I already said before, I even made reasonable money with Funding Talent and, on top of that, got all my fees back). I would say that for a long...
Hi,

MFF, TFF, FTMO, Prop trading.

These are reasonably good for " hit and run " as you say.

All the firms except FTMO have target to hit is 8 %.

As long as they pay, They are ok, Let them pay for 2 to 3 years.

To me, the important thing is Feed + Slippage.

Majors are safe to trade.

I never had such issues with MFF and TFF.

The problem for me with Prop trading is mt5. This is the only thing they offer
Intraday only.
  • #8,956
  • Jul 3, 2022 12:14am Jul 3, 2022 12:14am
Quoting navk
The problem for me with Prop trading is mt5. This is the only thing they offer
-You are not using a trade copier?
  • #8,957
  • Jul 3, 2022 3:18am Jul 3, 2022 3:18am
Quoting Nsak3y
{quote}-You are not using a trade copier?
I do not use yet.
I trade all independantly.
But tell me how does it help,
Prop trading software will identify, I am using sgnal from other account?
Intraday only.
  • #8,958
  • Jul 3, 2022 3:26am Jul 3, 2022 3:26am
Quoting Takisd
{quote} Man, some dude showed massive slippage like 80 pips beyond stop loss
Quoting navk
{quote} Once, some 6 months ago, I was doing challenge in FTMO. THere was 65 pips slippage in GBPUSD
About slippage.

Were they because of market volatility, price gap or platform glitch?

Thanks
  • #8,959
  • Jul 3, 2022 4:02am Jul 3, 2022 4:02am
Quoting Expo33
{quote} My first trade was placed on June 20th so I think I'm in the right time frame. Not sure how Deel works but I just said in the email to TFF that I'd like to withdraw my profit from my funded account to my Deel account. I'm assuming TFF then creates a contract and asks me for my Deel details? Guess I'll find out soon enough. I completely agree the whole process is rather archaic. Losing trading days is annoying. Everything else with TFF has been perfect for me. Hopefully, they will have crypto withdrawals in the future. With MFF it's so convenient....
Yep, the 14th day will be today, July 3rd.
Tomorrow, 4th you can't trade. They will be processing the payout. Hopefully you will receive the payout on 4th and credentials early on the 5th.
Would be nice to keep us posted, so that we see if things are still running the same way.
With this outdated process I fear that if they grow they won't have manually/human capacity to process payouts quickly.

Regarding Deel, yep, they will send you the contract. You should approve it quickly to avoid delays and that's it. Don't have to bother with anything else.
  • #8,960
  • Jul 3, 2022 4:06am Jul 3, 2022 4:06am
Quoting navk
But tell me how does it help, Prop trading software will identify, I am using sgnal from other account?
-No signals. You are still making your own trades. You can set up your master account using MT4, then have all of your trades mirrored to your slave accounts, even if they are MT5 accounts. As long as the firm allows copy trading from your own accounts, then it should be fine. You would want to verify that with each firm and get the details of their requirements so that you remain in compliance.
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