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  • #9,461
  • Jul 22, 2022 3:27am Jul 22, 2022 3:27am
Hey guys, ive got a quick MFF question, tried asking on the discord but cant work out if im getting a clear answer or not.

$100k evaluation, last day.

Today started at -$91k (-9%). I pretty much wrote the day off and prepared myself to purchase another evaluation.

So I decided to take a punt using the remaining 3% of my max drawdown.

Made 5k on that trade, balance now at -$96k....so im potentially now back in the game with only another $4k to make before the end of play today to get the account back in the green for a free retake.

My thinking for my next trade at NY session is to risk my max daily loss (6%) to make 4% so I like those odds.

The question is....during my winning trade there was a little "in trade drawdown" there were also small retracements during the trade....so do these decrease my total daily drawdown allowance?

MFF are saying they dont show this stat, and are telling me to just go by my max daily dd. But im unsure whether this is still 6% or did the "in trade drawdown" and retracements reduce this further?

Im not used to risking this much so never been something ive had to consider before.

Whats your thoughts guys?
  • #9,462
  • Jul 22, 2022 3:59am Jul 22, 2022 3:59am
Quoting Paulscaff1
Hey guys, ive got a quick MFF question, tried asking on the discord but cant work out if im getting a clear answer or not. $100k evaluation, last day. Today started at -$91k (-9%). I pretty much wrote the day off and prepared myself to purchase another evaluation. So I decided to take a punt using the remaining 3% of my max drawdown. Made 5k on that trade, balance now at -$96k....so im potentially now back in the game with only another $4k to make before the end of play today to get the account back in the green for a free retake. My thinking for...

I think they can't answer you because your question is not worded correctly.

In trade drawdown means what? And when was it.. And was there a new rollover?

Its always best to have your stops well before your daily limits so that you dont risk losing the account.

If you can rephrase your question to be a little more clear im sure they and we can answer.
  • #9,463
  • Jul 22, 2022 4:00am Jul 22, 2022 4:00am
Quoting HengkiTjen
{quote} i have 3 Live Funded Account MFF, E8 and TFT slippage is so bad compare to normal broker , what do you think is normal ? sorry i not exert at this

are you trading the same size at a broker? I can assure you that its not different to my icmarkets accounts when my ticket sizes get bigger, can't vouch for e8 though.
  • #9,464
  • Jul 22, 2022 4:21am Jul 22, 2022 4:21am
Quoting Takisd
{quote} are you trading the same size at a broker? I can assure you that its not different to my icmarkets accounts when my ticket sizes get bigger, can't vouch for e8 though.
size is not much difference
i using IcMarkets, Fusion , Eightcap and FPmarket
all this broker i use
hard to win MFF is slipage
  • #9,465
  • Jul 22, 2022 4:27am Jul 22, 2022 4:27am
Anybody with a recent payout in MFF ? I haven't had any recently there.
Just wondering how smooth is the process.
1. Is that clicking in a bottom to request ?
2. What is the downtime without being able to trade ?
Thanks
  • #9,466
  • Jul 22, 2022 4:28am Jul 22, 2022 4:28am
Quoting Takisd
{quote} I think they can't answer you because your question is not worded correctly. In trade drawdown means what? And when was it.. And was there a new rollover? Its always best to have your stops well before your daily limits so that you dont risk losing the account. If you can rephrase your question to be a little more clear im sure they and we can answer.
To be honest, I asked them the simplified version I was thinking that if I paint the full story here it would look better. But I will try again.

There was no rollover, just a london open trade,, today, which lasted about 5 mins.

Yeah sorry, im probably not up on the whole terminology.

By "in trade drawdown" i mean the unrealised drawdown that happens when the trade is active I.E when the trade moves 5 pips against me before moving in my favour.
Does this unrealised drawdown reduce my daily drawdown allowance?

Again, sorry if I overcomplicated the question.
  • #9,467
  • Jul 22, 2022 4:37am Jul 22, 2022 4:37am
Quoting Paulscaff1
Hey guys, ive got a quick MFF question, tried asking on the discord but cant work out if im getting a clear answer or not. $100k evaluation, last day. Today started at -$91k (-9%). I pretty much wrote the day off and prepared myself to purchase another evaluation. So I decided to take a punt using the remaining 3% of my max drawdown. Made 5k on that trade, balance now at -$96k....so im potentially now back in the game with only another $4k to make before the end of play today to get the account back in the green for a free retake. My thinking for...
If I'm reading this well....
1. You started the day fresh with no positions (correct ? this is important) and 91K. You could lose today -3K until you get max loss at -88K
2. You did some trading and, I assume, you didn't not get below 88K during those trades (if you did you should have received an automatic violation email - if not received I think it's reasonable safe to assume that you're OK)
3. Now you have 96K
4. Your max daily loss is still -6% from the initial 91K so it's irrelevant because 88K is the max loss that voids the account

You can try to get to 100K being able to lose until 88K (allow some margin for slippage above 100K, don't calculate TP exactly at 100K)
  • #9,468
  • Jul 22, 2022 4:39am Jul 22, 2022 4:39am
Quoting Paulscaff1
Does this unrealised drawdown reduce my daily drawdown allowance?
The answer is NO

You start 100 and have -6 max DD. So you violate at 94.
You get intra trade 99 and then 104 and close.
You are +4K for the day. Now you have 10 max DD for the day. It's still at 94.
  • #9,469
  • Jul 22, 2022 4:46am Jul 22, 2022 4:46am
Quoting Paulscaff1
{quote} By "in trade drawdown" i mean the unrealised drawdown that happens when the trade is active I.E when the trade moves 5 pips against me before moving in my favour. Does this unrealised drawdown reduce my daily drawdown allowance?
No, it doesn't. As long as you don't go below 88K today, you're okay. Get $1 above 100K, and quit.
  • #9,470
  • Jul 22, 2022 4:52am Jul 22, 2022 4:52am
Quoting Capablanca
Anybody with a recent payout in MFF ? I haven't had any recently there. Just wondering how smooth is the process. 1. Is that clicking in a bottom to request ? 2. What is the downtime without being able to trade ? Thanks
How smooth? Very smooth. Clicking on a button to request? Yes. Down time? Never thought about it. They process quickly enough for me not to notice.
  • #9,471
  • Jul 22, 2022 4:57am Jul 22, 2022 4:57am
Quoting Capablanca
{quote} If I'm reading this well.... 1. You started the day fresh with no positions (correct ? this is important) and 91K. You could lose today -3K until you get max loss at -88K 2. You did some trading and, I assume, you didn't not get below 88K during those trades (if you did you should have received an automatic violation email - if not received I think it's reasonable safe to assume that you're OK) 3. Now you have 96K 4. Your max daily loss is still -6% from the initial 91K so it's irrelevant because 88K is the max loss that voids the account...
Yeah started fresh no positions.

Rest is exactly as you say, no violations.

So basically my max daily drawdown is calculated from the days starting balance and not my current balance? So risking 6% and targetting 0.7R would be out of the question?

Or... my max loss is 88k so technically I could risk 8% based on my current balance and aim for 0.5R (or until balance is over 100k)
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  • #9,472
  • Jul 22, 2022 5:08am Jul 22, 2022 5:08am
Quoting HengkiTjen
{quote} size is not much difference i using IcMarkets, Fusion , Eightcap and FPmarket all this broker i use hard to win MFF is slipage

Eightcap slips more than any in your list and their feed is the feed TFT et al use. My ICmarkets slippage is generally slightly worse than my MFF slippage on the same pair and same size at the same time 100 US30 lots. FTMO is slightly better than both, TFT is way worse but thats eightcap. Can't really comment on fusion or FPMarket, but I know fusion is a b-book only company. IF I am correct fpmarkets uses lmax.
  • #9,473
  • Jul 22, 2022 5:16am Jul 22, 2022 5:16am
Quoting Paulscaff1
{quote} Yeah started fresh no positions. Rest is exactly as you say, no violations. So basically my max daily drawdown is calculated from the days starting balance and not my current balance? So risking 6% and targetting 0.7R would be out of the question? Or... my max loss is 88k so technically I could risk 8% based on my current balance and aim for 0.5R (or until balance is over 100k) {image}

At rollover your calculation is done for the day. Its based on the figures your account were at during rollover. So if you were flat at 100k at rollover you have 5% of 100k on equity and balance. So you can go to 95000 without violation. If you make money during the day you can also lose that money in the same day as extra but the figure resets at rollover based on current figures. The only time the drawdown figures get squirrelly is when you hold trades overnight in floating profit or DD. If you hold in DD its advantageous, if you hold in profit is disadvantageous (according to the community). Regardless, the recommendation is never go near the limits anyway.
  • #9,474
  • Jul 22, 2022 5:20am Jul 22, 2022 5:20am
Quoting Thoughts
{quote}How smooth? Very smooth. Clicking on a button to request? Yes. Down time? Never thought about it. They process quickly enough for me not to notice.
Downtime (not being able to trade during payout process) is what concerns me more.
TPT is automatic. As soon as we ask payout we receive new credentials
TFF is not good. It's about 2/3 days
TFT is horrible . About 3/4 days.

How is for MFF now ?
  • #9,475
  • Jul 22, 2022 5:24am Jul 22, 2022 5:24am
Quoting Takisd
{quote} At rollover your calculation is done for the day. Its based on the figures your account were at during rollover. So if you were flat at 100k at rollover you have 5% of 100k on equity and balance. So you can go to 95000 without violation. If you make money during the day you can also lose that money in the same day as extra but the figure resets at rollover based on current figures. The only time the drawdown figures get squirrelly is when you hold trades overnight in floating profit or DD. If you hold in DD its advantageous, if you hold...
Thanks for your patience guys, I get it now.

The only reason im risking my max in one trade is due to it being the last day, and there will likely only be one setup I will take so its either kill of be killed. Not something I would ever usually do, but never been in a position to have to

Cheers
  • #9,476
  • Jul 22, 2022 5:28am Jul 22, 2022 5:28am
Quoting Paulscaff1
{quote} Yeah started fresh no positions. Rest is exactly as you say, no violations. So basically my max daily drawdown is calculated from the days starting balance and not my current balance? So risking 6% and targetting 0.7R would be out of the question? Or... my max loss is 88k so technically I could risk 8% based on my current balance and aim for 0.5R (or until balance is over 100k) {image}
Max Daily DD doesn't trail. It's pretty simple.

Start today with 100K. Max daily loss violation is 95K (-5%).
You make a million dollars today. You can still lose it all until 95K until the end of the day

You just have to pay attention if you are carrying an open position overnight.
At reset time the max daily loss is recalculated. If you are carrying 1M dollars profit in an open position, after the reset time you can only lose 5% of those 1M. Meaning that below 950K you would be violating. But that's just if you carrying positions overnight.

(in a previous post I said 6% max loss daily but for MFF it's 5% - it's so many firms that sometimes one gests confused)
  • #9,477
  • Jul 22, 2022 5:29am Jul 22, 2022 5:29am
Quoting Paulscaff1
{quote} Thanks for your patience guys, I get it now. The only reason im risking my max in one trade is due to it being the last day, and there will likely only be one setup I will take so its either kill of be killed. Not something I would ever usually do, but never been in a position to have to Cheers
Yep, that's the right strategy. Nothing to lose and you may be lucky and get a free retake.
  • #9,478
  • Jul 22, 2022 5:34am Jul 22, 2022 5:34am
Quoting Takisd
{quote} At rollover your calculation is done for the day. Its based on the figures your account were at during rollover. So if you were flat at 100k at rollover you have 5% of 100k on equity and balance. So you can go to 95000 without violation. If you make money during the day you can also lose that money in the same day as extra but the figure resets at rollover based on current figures. The only time the drawdown figures get squirrelly is when you hold trades overnight in floating profit or DD. If you hold in DD its advantageous, if you hold...
Yep, it's something I don't like but it is what it is.
Specially in profits it's tricky because we may start today with 100K and SL 98K which is fine. Then we are positive with equity 105K open position overnight.
Tomorrow the same SL 98K is already a violation.
Of course we should trail our stops to protect profits but sometimes the cut off time is not convenient with our time zone. We may be busy, sleeping, etc. and don't know exactly what was the new value. It's quite an annoyance if something happens during (our) night or our busy time.
  • #9,479
  • Jul 22, 2022 6:30am Jul 22, 2022 6:30am
Quoting Capablanca
{quote} Downtime (not being able to trade during payout process) is what concerns me more. TPT is automatic. As soon as we ask payout we receive new credentials TFF is not good. It's about 2/3 days TFT is horrible . About 3/4 days. How is for MFF now ?

MFF is automatic once you request you can start again.
  • #9,480
  • Jul 22, 2022 9:14am Jul 22, 2022 9:14am
Quoting Paulscaff1
Hey guys, ive got a quick MFF question, tried asking on the discord but cant work out if im getting a clear answer or not. $100k evaluation, last day. Today started at -$91k (-9%). I pretty much wrote the day off and prepared myself to purchase another evaluation. So I decided to take a punt using the remaining 3% of my max drawdown. Made 5k on that trade, balance now at -$96k....so im potentially now back in the game with only another $4k to make before the end of play today to get the account back in the green for a free retake. My thinking for...
I thought the max dault dd% on MFF was 5%, not 6%
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