Prop Firm Hub | Page 541 | Forex Factory

Options

Go to
Permalinks
Print Thread

Featured US Prop Firms

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #10,801
  • Sep 13, 2022 5:54am Sep 13, 2022 5:54am
Quoting CableJ
Exited U30 long 5 min before CPI release..... missed the disaster lol MFF's discord should be pure comedy with endless complaints about slippage today.
Within a second it was over 80 pips down on Cable. My short GBPUSD and EURUSD all got filled later then with their Takeprofit. That was quick, but only 0.2 lots used. I can imagine everyone who had a long position on GU or EU or AU with a (tighter) stoploss got slippage beyond good and bad here. But that was due to the market...
  • #10,802
  • Sep 13, 2022 5:55am Sep 13, 2022 5:55am
Quoting TrAndy1
{quote} If you noticed no slippage at TPT even with up to 10 lots, then it would say there is no slippage at all even with higher lots, because on most props it starts with ~5 lots.
I had orders executed in Finotive and TPT after CPI release. Both perfectly respected with zero slippage.
  • #10,803
  • Sep 13, 2022 5:57am Sep 13, 2022 5:57am
Quoting Capablanca
{quote} I had orders executed in Finotive and TPT after CPI release. Both perfectly respected with zero slippage.
Tell us more. What kind of position, what size and where were your stoplosses, or did you had Takeprofits too ? And were did you get your fills then? Would like to know.
  • #10,804
  • Sep 13, 2022 5:58am Sep 13, 2022 5:58am
Quoting Capablanca
{quote} I had orders executed in Finotive and TPT after CPI release. Both perfectly respected with zero slippage.
The bogus fantasy feeds have been exposed today, no slippage on that kind of report is comical.
  • #10,805
  • Sep 13, 2022 6:16am Sep 13, 2022 6:16am
Quoting CableJ
Exited U30 long 5 min before CPI release..... missed the disaster lol MFF's discord should be pure comedy with endless complaints about slippage today.
lol, yes I bet it will. I'm up close to 2% and done for the day.......yet, there will be folks in there talking about the MFF slippage scam. Solidifies my earlier post, some of us having an excellent experience, some complaining 24/7.........same product.
I shorted AUDUSD through the news, not because of the news, but because everything lined up in my system. I was pretty confident the news was going to push it in my favor as well. However, if it went against me, if there was extreme slippage at my S/L......IT WOULD HAVE BEEN MY FAULT because I knew I was holding through the news. On a side note, what a great benefit of the FTMO swing account, no stress during news.
  • #10,806
  • Sep 13, 2022 6:21am Sep 13, 2022 6:21am
Quoting CableJ
{quote} The bogus fantasy feeds have been exposed today, no slippage on that kind of report is comical.
Yes, so true. While most are celebrating no slippage, it actually SCREAMS to me to stay away from those firms. Buy, hey, if they are paying I guess why not. I just wouldn't count on them being around long term.
  • #10,807
  • Sep 13, 2022 6:25am Sep 13, 2022 6:25am
Quoting TrAndy1
{quote} Within a second it was over 80 pips down on Cable. My short GBPUSD and EURUSD all got filled later then with their Takeprofit. That was quick, but only 0.2 lots used. I can imagine everyone who had a long position on GU or EU or AU with a (tighter) stoploss got slippage beyond good and bad here. But that was due to the market...
Yes, I closed my AUDUSD short with 84 pips profit, 6 pips shy of TP, pretty confident I would have ha positive slippage though if I let it run through TP. It actually went another 40 beyond my TP.
  • #10,808
  • Sep 13, 2022 6:44am Sep 13, 2022 6:44am
Attached Image (click to enlarge)
Click to Enlarge Name: SLLL.png Size: 17 KB
on a postive roll...
  • #10,809
  • Sep 13, 2022 6:49am Sep 13, 2022 6:49am
Price is not guaranteed, unfortunately. Hope you did not lose much.
  • #10,810
  • Sep 13, 2022 6:50am Sep 13, 2022 6:50am
Quoting Rmg
{image}
Not during a major release like CPI. If you're going to trade it, expect it and trade it small.
  • #10,811
  • Sep 13, 2022 6:57am Sep 13, 2022 6:57am
Quoting Rmg
{image}
With so many posts from you and shown 7 years experience on FF here, I would not expect such a post. But were did you get your fill away from SL, how much is lost ?
  • #10,812
  • Sep 13, 2022 7:01am Sep 13, 2022 7:01am
Quoting pipmaster77
{quote} lol, yes I bet it will. I'm up close to 2% and done for the day.......yet, there will be folks in there talking about the MFF slippage scam. Solidifies my earlier post, some of us having an excellent experience, some complaining 24/7.........same product. I shorted AUDUSD through the news, not because of the news, but because everything lined up in my system. I was pretty confident the news was going to push it in my favor as well. However, if it went against me, if there was extreme slippage at my S/L......IT WOULD HAVE BEEN MY FAULT because...
MFF's discord...

Paul The Pip Master — Today at 9:12 AM
I had a stop in place. 12k from breaking any rules. my breach happened because the stop didn't trigger and caused a false breach I can't get a hold of anybody who has the ability to change any of the things that I'm talking about and all they tell me to do is to take the challenge again look at my account I've spent thousands of dollars with you over the past 4 months and I am getting extremely frustrated with how you're doing business. This is an unacceptable breach and it needs to be changed today. None of your staff knows anything about trading and I can't get a hold of anyone and it takes days for people to get back to me which is valuable trading days before an issue can even be looked at. This process has been made incredibly frustrating on top of the grind of trading itself. Over the past 3 months I've spent close to $10,000 with your company and the way I get treated is not adequate At All by far

LOL
  • #10,813
  • Sep 13, 2022 7:02am Sep 13, 2022 7:02am
Quoting TrAndy1
{quote} Tell us more. What kind of position, what size and where were your stoplosses, or did you had Takeprofits too ? And were did you get your fills then? Would like to know.
I don't want to disclose myself here but it was both SLs, between 3 and 6 lots, both in GBPUSD and EURSD and well less than a minute after CPI release when the ticker was crazy.
And that's all I'm willing to disclose in an open forum.
  • #10,814
  • Sep 13, 2022 7:12am Sep 13, 2022 7:12am
Quoting pipmaster77
{quote} Yes, so true. While most are celebrating no slippage, it actually SCREAMS to me to stay away from those firms. Buy, hey, if they are paying I guess why not. I just wouldn't count on them being around long term.
Very True. I'm joking about this, of course, because anyone with minimum experience with trading understand that those are basically videogames.
Anyway, milk them while it lasts.
  • #10,815
  • Sep 13, 2022 7:16am Sep 13, 2022 7:16am
Quoting TrAndy1
{quote} With so many posts from you and shown 7 years experience on FF here, I would not expect such a post. But were did you get your fill away from SL, how much is lost ?
-13% lost the evl.. What meant to be 1% loss if sl were triggered.
Unaware of the event, left unattended.
7 years + still learning about myself.. Oh yeah Will get there sometimes in future .
on a postive roll...
  • #10,816
  • Edited 7:52am Sep 13, 2022 7:35am | Edited 7:52am
Quoting Capablanca
{quote} I don't want to disclose myself here but it was both SLs, between 3 and 6 lots, both in GBPUSD and EURSD and well less than a minute after CPI release when the ticker was crazy. And that's all I'm willing to disclose in an open forum.
For anyone who wants to see the gap in majors FX especially EU and GU I have attached 1 second (EU+GU) and 1 tick chart (GU). Barely 1.2 sec for 80 pips gap on GU.
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-09-13_163000.gif Size: 25 KB
  • #10,817
  • Sep 13, 2022 10:21am Sep 13, 2022 10:21am
hey, hey...

how do FTMO and MFF compare in indices spreads these days?
I have been doing FTMO trials, and see that spreads are still a bit widened the last few weeks,
but maybe less spikes, so they are okay...

I think it's time to try live again.
  • #10,818
  • Sep 13, 2022 11:07am Sep 13, 2022 11:07am
I see MFF is now trailing daily sl max on equity or balance, whichever is higher for the day...

not attractive...

I have an expert that will close all trades when equity increases to the specified per cent.
I would think about using that to ensure the account is not lost on sudden spike in equity that then retraces.

thoughts?
  • #10,819
  • Sep 13, 2022 11:39am Sep 13, 2022 11:39am
Quoting doyathink
I see MFF is now trailing daily sl max on equity or balance, whichever is higher for the day... not attractive... I have an expert that will close all trades when equity increases to the specified per cent. I would think about using that to ensure the account is not lost on sudden spike in equity that then retraces. thoughts?
Really ? MFF has a trailing DD for the day ? Where did you read this ? It is still from the start of the new day and not trailing as I read on their website. You can see this.
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-09-13_204006.gif Size: 9 KB
  • #10,820
  • Sep 13, 2022 12:03pm Sep 13, 2022 12:03pm
Quoting TrAndy1
{quote} Really ? MFF has a trailing DD for the day ? Where did you read this ? It is still from the start of the new day and not trailing as I read on their website. You can see this. {image}
Also from their site:

5% Daily Drawdown

You must not have a 5% drawdown based on your balance or equity on your FOREX trading account within a 24 hour period starting at 5pm EST.


It's not clear from this wording that it is the amount at the start of the day that applies, since it says "within a 24 hour period" ... so, if you gained 7% and then lost 6% within that 24 hour period, would you not have violated?

79 traders viewing now