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Anyone trading with a Prop firm 2 replies

prop firm new model - my trading journey 869 replies

So I accepted a Prop Trading job in South Beach Miami 43 replies

Attachments: Prop Firm Hub
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Prop Firm Hub

  •  Soros
  • Joined Sep 2012 | Status: Edge,Phsycology And Money Managemen | 902 Posts
Quoting helbor
{quote} Aye...finally got my trophy logo on MFF Discord. {image} 300K lock and load.
great, how many live acc you have with them?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
Quoting TrAndy1
So my thought as workaround of larger lot size increments which needs to be added for the instant position sizing method, I see three options. First you need to divide the large lot size into smaller pieces and thus need to add sooner in smaller pip(ette) increments. Second, you can choose smaller account sizes and do copy trading, third you can add a time delay to avoid or reduce slippage. But that is the question I have. Which prop firm has which time delay so you can add an order ticket so that those order tickets are not summed up together to...
That applies to the real market, this is fantasy world... just splitting your ticket into smaller bites and firing them all simultaneously might be a loophole around their slippage filtering algos.
Quoting CableJ
{quote} That applies to the real market, this is fantasy world... just splitting your ticket into smaller bites and firing them all simultaneously might be a loophole around their slippage filtering algos.

no. Every millesecond the top of book gets refreshed, so if you lower your ticket size each click will execute differently and potentially have a better top of book/lower slippage.

Larger tickets are less likely to be taken by cheaper market makers.

Its not some slippage filtering algo magic its market depth logic. There isn't unlimited liquidity in a market full of millions of participants all vying for the best fill.
Quoting Takisd
There isn't unlimited liquidity in a market full of millions of participants all vying for the best fill.
-Curious how this works for firms that likely put most of their traders on demo accounts without any real trading actually occurring. What are the liquidity providers for if most of the liquidity is running on simulated trading? And if you are using real market depth to determine liquidity in a simulated environment, how is that real book affected by simulated trading without it being artificial to begin with?

A lot of the technical stuff is over my head, admittedly. Would be curious to know what percentage of traders (trades?) at MFF, for example, are actually making their way to live market.
https://www.bnnbloomberg.ca/thai-you...lion-1.1812192 ...Thai YouTuber Allegedly Cheats Forex Investors of $55 Million.
That happens to Instagramers and Youtubers. Just stay aware as you do not learn anything here. You can only make costly mistakes here. That they attract so much...
Quoting Nsak3y
{quote}-Curious how this works for firms that likely put most of their traders on demo accounts without any real trading actually occurring. What are the liquidity providers for if most of the liquidity is running on simulated trading? And if you are using real market depth to determine liquidity in a simulated environment, how is that real book affected by simulated trading without it being artificial to begin with? A lot of the technical stuff is over my head, admittedly. Would be curious to know what percentage of traders (trades?) at MFF, for...
Let say if i have demo account 10 000 $ in wich i can trade with leverage 1:100 1 lot = 10 $ (these is demo right) now on another live account if i put 2000$ with leverage 1:1000 i lot can be 10$. Now if i give you these demo account to you and you trade and i copy your trades in live account that's it! I think they do something like these with live accounts, normally they take the risk if you lose but they lose only 12% of the account not the entire money. Challanges are story for themselfs cleare money so i think that these industry operates in these way.... P.S for these reason drawdown is limited daily in 5% and maximum in 10/12 %!
Quoting TrAndy1
https://www.bnnbloomberg.ca/thai-you...lion-1.1812192 ...Thai YouTuber Allegedly Cheats Forex Investors of $55 Million. That happens to Instagramers and Youtubers. Just stay aware as you do not learn anything here. You can only make costly mistakes here. That they attract so much...

That is a lot of initial balance I need that too
Quoting TrAndy1
Just to make an illustrative example how any prop firm can go bust by position sizing intraday within 1 day, I took the S&P500 as symbol with a 20 point or 0.5% as trailing stop and 4% TP move intraday (160 points here). Every 0.1% or 4 points a position is added when in gains and new equity high is made. So you see after 39 steps with Euler I get from initial 5% risk on a merged (or with copy trading) $600k account with $30000 total risk, not a $240000 profit (no scaling) I get a $80 million profit, which would result after a profit split still...

Interesting scenario. But most of the time there will be large oscillations. And lot sizes too big will effect the market I guess. EURUSD moves with about 20 pips, can we apply this there
Quoting Nsak3y
{quote}-Curious how this works for firms that likely put most of their traders on demo accounts without any real trading actually occurring. What are the liquidity providers for if most of the liquidity is running on simulated trading? And if you are using real market depth to determine liquidity in a simulated environment, how is that real book affected by simulated trading without it being artificial to begin with? A lot of the technical stuff is over my head, admittedly. Would be curious to know what percentage of traders (trades?) at MFF, for...

If you run an orderbook liquidity type people can't cheat on your feed at least most people can't. So you should run that no matter what, it lowers the number of people you have to ban.

I can tell you that if you name any of the big firms, they are executing some flow, how much I dont know but I would say someone of MFF or FTMO size are executing 10-30k lots per month on an "a book". If you are a booked or not you wont feel it because the feeds are at least simulating orderbook behavior and you can make sure the trader doesnt' feel it by using at market limits if your bridge allows it.

If you made a smoothed feed, no orderbook simulation, every moron and his dog will tickscalp, arb, or any other bs edge your feed till you go bankrupt. Evidence of this can be seen simply by observing funding talent. They were getting gap traded by huge groups of people, arbed, tick scalped (even i tick scalped them as a vendetta against jessica for threatening me in email). The slippage people feel on these firms is less than they would on a real market account with no filters. The spreads are better as well. But we still complain
Thanks.

Yeah, I suppose it would be a matter of what percentage of trades are actually hitting live market. I cannot imagine that there would be very many traders that they would trust, though. I suspect that some probably have their own, internal trading happening as well, as many firms seem to have folks with trading experience in some capacity. I honestly would not be surprised if they put more capital towards that. It might be difficult to resist, anyway.
Starting $500K ($300K MFF + $200K FTMO) challenge next week.
Planning to keep the TE visible for trades closed/completed.

Tempted to add a small TFF account in the mix to see and compare all 3 at the same time on spread, execution and profitability of trades.

Does anyone have advise or word of caution on TFF?

Trading is SIMPLE not EASY.
Sounds good. You recently shared your 200k FTMO challenge TE. You passed phase 1 and 2 quickly. Congrats on your funded status!
Personally, I will start Phase 2 at FTMO next week.
TCF moves into downsizing plans (not more 100K and 200K plans) and eliminates risk review:
https://medium.com/traders-central-e...g-9723601c8534
Lucky Me ..
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Quoting Capablanca
TCF moves into downsizing plans (not more 100K and 200K plans) and eliminates risk review: https://medium.com/traders-central-e...g-9723601c8534
Every time i see/hear from this guy, he clearly doesn't know anything about trading. He suggests his business is decentralized for some reason, it is clear he does not know what decentralized means.
Quoting Feelas
Lucky Me .. {image} {image}
Never give up...
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Even a broken clock is right twice a day
MFFX Funded All Time Return: 17.9%
Update on the influencer prop firm that is a scam that I am purposely baiting.

Passed phase 2 today, its 3rd day, 2 days of grind and then they will provide the live account supposedly. The trick is, since they use myfxbook and didnt provide a myfxbook i am actually expecting them to scam me from here. there was no way to track the results, all I know is that i didnt break the rules and i passed. Goal on live will be to just grind small trades until refund and have that fight then if it gets to there.

More news at 11.
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Let's go. phase 1 Passed. ICT STUDENT

https://trueforexfunds.com/share/XBX...UYnHmE216-kMrI
Quoting moeenyz
Let's go. phase 1 Passed. ICT STUDENT https://trueforexfunds.com/share/XBX...UYnHmE216-kMrI
Congrats!! I was looking over that prop firm while my EA builds a track record. Be sure to let us know how the rest of the process goes. Nice work!!
EasyGBP Return This Week: na
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