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  • #10,041
  • Aug 11, 2022 8:37am Aug 11, 2022 8:37am
Question about payout % in MFF. They say this:

Quote
What is the profit split on Evaluation live accounts?
When you receive your Live account, you will receive 75% of your profits on your first month.
On the 2nd month, you will receive 80% of your profits.
Every month after, you will receive 85% of your profits.
Live Month 1 = 75%
Live Month 2 = 80%
Live Month 3+ = 85%

However, after 1 month we can receive payouts bi-weekly.

If we decide not to receive profits on the 30th day and delay that to the 30+15 day will that be already 80% or 75% ?
  • #10,042
  • Aug 11, 2022 9:13am Aug 11, 2022 9:13am
Quoting Capablanca
Question about payout % in MFF. They say this: {quote} However, after 1 month we can receive payouts bi-weekly. If we decide not to receive profits on the 30th day and delay that to the 30+15 day will that be already 80% or 75% ?

You have to request it to go up to next level. Basically, they dont punish themselves by your choices. Which I think is fair, since they email you when its time for payout.
  • #10,043
  • Aug 11, 2022 9:25am Aug 11, 2022 9:25am
Quoting Takisd
{quote} You have to request it to go up to next level. Basically, they dont punish themselves by your choices. Which I think is fair, since they email you when its time for payout.
But my question is:
- if I decide to receive on 45th day will I get 80% instead of 75% ? (assuming I email them to go up)

I'm not sure if 80% is after completing 2 months (60 days) or if I'm in the second month (which means 45 days would be already 80%)
  • #10,044
  • Aug 11, 2022 9:38am Aug 11, 2022 9:38am
Quoting Capablanca
{quote} But my question is: - if I decide to receive on 45th day will I get 80% instead of 75% ? (assuming I email them to go up) I'm not sure if 80% is after completing 2 months (60 days) or if I'm in the second month (which means 45 days would be already 80%)

As I said, If you dont request, you dont go up a tier. I had this "problem" with one account where it took a bit to get a payout and basically you have to request that payout tier to get the next one. If you only do 1 of the payouts at 80% then wait a month you can get to 85% but you have to have had a request at the tier before you can go up a tier. You cannot skip a tier.
  • #10,045
  • Aug 11, 2022 9:51am Aug 11, 2022 9:51am
Quoting Takisd
{quote} As I said, If you dont request, you dont go up a tier. I had this "problem" with one account where it took a bit to get a payout and basically you have to request that payout tier to get the next one. If you only do 1 of the payouts at 80% then wait a month you can get to 85% but you have to have had a request at the tier before you can go up a tier. You cannot skip a tier.
I understand I have to request. That's established. No doubts about it.

The point is:
- On 30th I could ask a payout (75%) but I skip it
- On 32nd I will request to be in 80% because I'm in the second month. Will that be granted ? if so, I would get 80% on the 45th day, instead of 75%

My doubt is because they say "you will receive 75% of your profits on your first month. On the 2nd month, you will receive 80% of your profits."
They don't say "you will receive 75% of your profits on your first payout. On the 2nd payout, you will receive 80% of your profits."
  • #10,046
  • Aug 11, 2022 10:44am Aug 11, 2022 10:44am
Quoting TrAndy1
Do you know any consistent profitable Spot Forex signals telegram channels or provider ? Because I would like to get some more ideas I can analyze or maybe complement my other trading here. The trader should have at least 10+ years experience itself and must have also a look on fundamentals, not technicals only. It would be also good to see a kind of verified or true performance track record of past trades for at least 6 months to a few years at best. The Reward-Risk-Ratio or Net profit in pips to Drawdown should be something at 1:1 per month or...
I have a swing trading strategy for SPX500. Had some real time calls here:
https://www.elitetrader.com/et/threa...367351/page-31

+80% win rate on 3:1 reward vs risk.

Forex pairs are not good swing trading instruments, because they are now impacted by US equity.So their own trend are often interrupted by US equity. So it is better to trade an instrument that is not impacted by other instruments, such as US equity, or US 10 years note.
  • #10,047
  • Aug 11, 2022 10:45am Aug 11, 2022 10:45am
MFF must really be flooded with American Traders. Because they queque in chat is about 74 persons in line now, while in London session some hours before NY opens, it is only about 10 to 20 persons. I mean it makes sense as US Americans cannot have a solid FX broker unless going offshore some dodgy ones or already made it when have deep pockets over $10 million. I am now asking the payout percentage issue, if that is meant per payout, as I think, or it is really meant to be per month at MFF.
  • #10,048
  • Aug 11, 2022 10:49am Aug 11, 2022 10:49am
Quoting wmwmw
{quote} I have a swing trading strategy for SPX500. Had some real time calls here: https://www.elitetrader.com/et/threa...367351/page-31 +80% win rate on 3:1 reward vs risk. Forex pairs are not good swing trading instruments, because they are now impacted by US equity.So their own trend are often interrupted by US equity. So it is better to trade an instrument that is not impacted by other instruments, such as US equity, or US 10 years note.
You stopped posting your entries and exits there as you already confirmed by yourself. Would you like to post here or anywhere else your SPX positions in realtime ?
So anyone could get an idea how does it work with your swing trading signals on the SP500. If they are really that good, maybe we all could learn a little bit from you ?
  • #10,049
  • Edited 11:10am Aug 11, 2022 10:58am | Edited 11:10am
Quoting TrAndy1
{quote} You stopped posting your entries and exits there as you already confirmed by yourself. Would you like to post here or anywhere else your SPX positions in realtime ? So anyone could get an idea how does it work with your swing trading signals on the SP500. If they are really that good, maybe we all could learn a little bit from you ?
I don't want my strategy to be learned by other people. I would rather nobody knows how it works except myself.
But I don't mind posting real time calls that people who trust my strategy can benefit from following my signals, and in the end I may sell my strategy to make some extra money as it does not cost much of my time.

I am still long on SPX500. The index is still on an up trend.
  • #10,050
  • Aug 11, 2022 11:08am Aug 11, 2022 11:08am
Quoting wmwmw
{quote} I don't want my strategy to be learned by other people. I would rather nobody knows how it works except myself. But I don't mind posting real times call that people who trust my strategy can benefit from following my signals, and in the end I may sell my strategy to make some extra money as it does not cost much of my time. I am still long on SPX500. The index is still on an up trend.
Good to know. I would appreciate your calls. What is your average holding time per trade? How long do you hold your actual long position in SPX? What is average net profit per trade then? How many trades you get in a week or month typically? How many points you could make this year and what was your max. drawdown in points ?
  • #10,051
  • Aug 11, 2022 11:12am Aug 11, 2022 11:12am
MFF is meant to be per month and not per payout. So you get 75% on your first month as payout when in profit, then 80% after 1 full month after and not before.

In Chat they said:
"On your Live evaluation account, you will receive 75% of your profits after one month since your first trade. On the 2nd month, you will receive 80% of your profits. Every month after, you will receive 85% of your profits. Live Month 1 = 75% Live Month 2 = 80% Live Month 3+ = 85%"
  • #10,052
  • Aug 11, 2022 11:12am Aug 11, 2022 11:12am
Quoting wmwmw
{quote} I don't want my strategy to be learned by other people. I would rather nobody knows how it works except myself. But I don't mind posting real time calls that people who trust my strategy can benefit from following my signals, and in the end I may sell my strategy to make some extra money as it does not cost much of my time. I am still long on SPX500. The index is still on an up trend.
Incidentally, I'm "manually" trading swings on the TE I posted just now. You can check for all pairs, why would I mind.
  • #10,053
  • Aug 11, 2022 11:18am Aug 11, 2022 11:18am
Quoting TrAndy1
{quote} Good to know. I would appreciate your calls. What is your average holding time per trade? How long do you hold your actual long position in SPX? What is average net profit per trade then? How many trades you get in a week or month typically? How many points you could make this year and what was your max. drawdown in points ?

1.What is your average holding time per trade? How long do you hold your actual long position in SPX?
It depends on how long a short time trend lasts. I enter position at the start of a trend and sell it at the end of the trend. A short time trend usually lasts for days or weeks.
2. What is average net profit per trade then?What is average net profit per trade then?
My 7/15/2022 position has a 400 points profit on SPX so far. You get an idea how much I made.
3.How many trades you get in a week or month typically?
Each short term trend only 2 trades: 1 for entry, 1 for exit.
4.what was your max. drawdown in points ?
less than 30%. The largest loss is 80 points on SPX
  • #10,054
  • Aug 11, 2022 11:20am Aug 11, 2022 11:20am
Quoting ohyeah
{quote} Incidentally, I'm "manually" trading swings on the TE I posted just now. You can check for all pairs, why would I mind.
Thanks, but 3.3 pips in average is really not for me. You are true scalper, so it would be too difficult to follow you anyway. But thanks to your efforts nevertheless.
  • #10,055
  • Aug 11, 2022 11:23am Aug 11, 2022 11:23am
Quoting wmwmw
{quote} 1.What is your average holding time per trade? How long do you hold your actual long position in SPX? It depends on how long a short time trend lasts. I enter position at the start of a trend and sell it at the end of the trend. A short time trend usually lasts for days or weeks. 2. What is average net profit per trade then?What is average net profit per trade then? My 7/15/2022 position has a 400 points profit on SPX so far. You get an idea how much I made. 3.How many trades you get in a week or month typically? Each short term trend only...
Thanks, but 30% DD is not acceptable for me. Then the RRR to DD ratio is not so good for me as I am seeking or looking for higher ratios. But of course I know it is much more difficult to achieve it with long term swing trading as you do. That is why I am most into daytrading now, as I get more trades, but I do not scalp so I can expext at least something about 10 to 20 pips in average trade. That is also important to me as strategy needs to have some room. True scalping is also not for me.
  • #10,056
  • Aug 11, 2022 11:27am Aug 11, 2022 11:27am
Quoting TrAndy1
{quote} Thanks, but 30% DD is not acceptable for me. Then the RRR to DD ratio is not so good for me as I am seeking or looking for higher ratios. But of course I know it is much more difficult to achieve it with long term swing trading as you do. That is why I am most into daytrading now, as I get more trades, but I do not scalp so I can expext at least something about 10 to 20 pips in average trade. That is also important to me as strategy needs to have some room. True scalping is also not for me.
I assign $15000/ ES contract. If you want to cut drawdown to 15%, just reduce your leverage to $30000/contract.
  • #10,057
  • Edited 12:27pm Aug 11, 2022 11:52am | Edited 12:27pm
Quoting wmwmw
{quote} I assign $15000/ ES contract. If you want to cut drawdown to 15%, just reduce your leverage to $30000/contract.
Ok, then it is good. Let me know your live calls. Thanks. Please let me know how many points you could make with your SPX trades this year. Would need this number.
  • #10,058
  • Aug 12, 2022 5:55am Aug 12, 2022 5:55am
Prop firms seem mushrooms. They pop up everywhere.
Saw another 2 mentioned in a group (I think none of them was mentioned before in the discoveries of our Sherlock TrAndy, if so pardon me)

https://theconcepttrading.com.au/
https://funding.breakfreetrading.com/

Disclaimer: I didn't bother in analyzing them. Just found funny how every week we bump into new firms.
  • #10,059
  • Aug 12, 2022 6:25am Aug 12, 2022 6:25am
Quoting Capablanca
Prop firms seem mushrooms. They pop up everywhere. Saw another 2 mentioned in a group (I think none of them was mentioned before in the discoveries of our Sherlock TrAndy, if so pardon me) https://theconcepttrading.com.au/ https://funding.breakfreetrading.com/ Disclaimer: I didn't bother in analyzing them. Just found funny how every week we bump into new firms.

its another business model to make money in this current retail market ...

retail traders have FEAR and GREED, and this make good business model.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,060
  • Aug 12, 2022 6:33am Aug 12, 2022 6:33am
Quoting emmanuel7788
{quote} its another business model to make money in this current retail market ... retail traders have FEAR and GREED, and this make good business model.
So you advise against using the prop firms ?
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