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  • #10,941
  • Sep 20, 2022 3:53pm Sep 20, 2022 3:53pm
Quoting wansiman
{quote} Can you update the list some links no longer work
Yes I'll attend to updating those links.

Masterrmind............
Master your Mind then Master your Trades
  • #10,942
  • Edited 4:58pm Sep 20, 2022 4:32pm | Edited 4:58pm
The conspiracy theories on the prop firms on here are amazing. I was with FTMO when they were using outside brokers. I was using LMAX with FTMO, I would have quit FTMO had they not gotten their own feed. LMAX was horrible. With that being said I have watched my trades come within .01 of a pip of my stop with both FTMO and MFF and not hit and price reverses in my favor. Plug in would've taken me out. I also never have the frozen issue when trying to enter/exit a trade. I will ONLY use a prop with their own server. Issues are resolved much quicker, they manage the feed, etc, etc.

I do believe all of the US brokers are guilty of shady shit, FXCM got busted and kicked out of US, GAIN capital has been fined numerous times and OANDA is a complete bucket shop. I will never use a US broker. I felt safer using unregulated offshore brokers before I discovered the prop world. I don't know about the other "regulated" brokers as the US doesn't allow me to use them.

I would bet money, A LOT OF MONEY, that FTMO and MFF are not doing shady shit to take traders out. Traders do a good enough job on their own busting their accounts. They do not need help. I've tested small with 3-4 others (TFF, TFTP, TPT, E8) as well and haven't experienced any issues........but once again I trade with very small risk, I DO NOT TRADE NEWS and I do not hold at rollover. I truly believe it is those 3 things which cause me to have ZERO issues, not that I'm just lucky EVERY SINGLE DAY.
  • #10,943
  • Sep 20, 2022 5:06pm Sep 20, 2022 5:06pm
To the point of not trading news..... I believe in addition to traders having weekends off, there should also be one Wednesday off per month (FOMC) and one Friday off per month (NFP). You still have 19-20 trading days instead of 21-22. Since tomorrow is THAT Wednesday, I'm going to Disney World tomorrow.
  • #10,944
  • Sep 20, 2022 5:37pm Sep 20, 2022 5:37pm
Quoting maahome
Has anyone tried Autoproptrader yet? Interested to hear the feedback. Cheers all maahome
Hi All - anyone have any news / feedback on this group?

thanks
maahome
  • #10,945
  • Edited 1:33am Sep 21, 2022 1:06am | Edited 1:33am
Quoting pipmaster77
The conspiracy theories on the prop firms on here are amazing.
I agree the top prop firms are different level, be it FTMO or MFF or maybe a few others, I don't believe they would do any cheating to make their traders lose.
But TFF, for example - I'm not quite sure. I've been with them since they were still using IC Markets as the broker and their trading conditions were excellent and their traders were happy. Most of the new clients joined just because of that. Yet they wanted to set up their own server. Now, after several improvements (after many traders complaining) they still are not at the IC Markets level, though acceptable already.

My question is - why would they do it? Why investing so much effort into building their own server when they can use (one of) the best CFD broker/s in the world? I don't get it. The possibility to manipulate the price feed (yes, mostly for their own protection against cheating traders but, is it the only reason?) seems the only reasonable answer. But maybe there are other benefits I'm not aware of.

edit:
TFF was also one of those prop firms promising to implement cTrader, now it seems they're not gonna have it (though officially they keep saying "we don't have an ETA"). Why? Too expensive? More than building their own server? When IC Markets was already supporting cTrader? Am I missing something?
Money is made by sitting, not trading
  • #10,946
  • Sep 21, 2022 1:22am Sep 21, 2022 1:22am
If anyone wants to rebuild my prop firm score table sheet, here is the only formula you need to paste in into your excel sheet aswell.
It is for column and row : I6 to be added here. Then you can just drag it to other rows in same column down and up.
=(C6*D6)/((2,71828^((E6+F6)/(C6/B6)))*(G6*(1-H6)*1))
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  • #10,947
  • Sep 21, 2022 1:36am Sep 21, 2022 1:36am
Just for those who were with me on my seasonal trade setup this week. I have closed now my short EURUSD position with ca. 120 pips in profit and long USDCHF with ca. 60 pips in profit too. Because I get some reverse signals now, indicating a higher EU and AU and lower USDCAD with the upcoming FOMC meeting later this day. FYI.
  • #10,948
  • Edited 2:59am Sep 21, 2022 1:50am | Edited 2:59am
To explain why I see EU and AU tendency to go up and USDCAD going down now, it is also the relative value to the S&P500 index. Either S&P500 is 15 points short term overvalued and needs to come down or EU and corresponding majors go up now. That was also a reason for me to quit my EU short position and USDCHF long position.
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  • #10,949
  • Sep 21, 2022 2:41am Sep 21, 2022 2:41am
Quoting pipmaster77
The conspiracy theories on the prop firms on here are amazing.
One more comment on this - let's not forget their business model is based on failing traders. They vitally need a lots of traders failing otherwise their business collapses. That's a fact, no conspiracy.
Money is made by sitting, not trading
  • #10,950
  • Sep 21, 2022 4:37am Sep 21, 2022 4:37am
Prop trading firm sanctioned for oversight failures
NSSC settles with Halifax firm that failed to oversee its day traders in China

A Halifax-based prop trading firm admitted that it failed to properly supervise its offshore traders that repeatedly engaged in manipulative trading.
The Nova Scotia Securities Commission (NSSC) approved a settlement agreement with Maritra Trading Services Inc. The day trading firm is based in Nova Scotia but has 66 traders, mostly located in China, that trade its capital on Canadian markets.

According to the regulator, between April 2015 and March 2022, certain traders at the firm, “engaged in repeated instances of manipulative trading activities known as ‘spoofing’ and ‘layering’.”

Despite being alerted to the manipulative trading by investment dealers that processed the firm’s trades through its direct electronic access accounts, the firm didn’t take adequate action, the NSSC said.

“Maritra failed to adequately monitor trading activities on its accounts and did not ensure that an adequate compliance structure was put in place to prevent those trading activities from continuing to occur,” the regulator said in a release.

In a settlement, the firm admitted to securities law violations and accepted responsibility for its misconduct, the NSSC said.
Under the settlement, Maritra agreed to pay a $110,000 penalty and $10,000 in costs. It also agreed to hire an independent regulatory consultant to design a new compliance structure that would identify and prevent manipulative trading.

“Although market manipulation is one of the most serious violations under the Securities Act, this is not a case about a respondent that deliberately set out to abuse the market or deceive investors” said Ibrahim Badawi, enforcement counsel at the NSSC, in a release.

“Rather, this is a case about inaction,” he said. “In the circumstances, the respondent should have taken greater steps to monitor and supervise its outsourced traders and ensure that an adequate compliance structure was put in place. It failed to do so.”
  • #10,951
  • Sep 21, 2022 5:28am Sep 21, 2022 5:28am
Quoting TrAndy1
That Halifax prop firm in Canada could be FundingTalent because of its former address at '1300-1969 Upper Water Street, Halifax, NS B3J 3R7', but I am not 100% sure.
Quoting TrAndy1
The day trading firm is based in Nova Scotia but has 66 traders, mostly located in China, that trade its capital on Canadian markets. According to the regulator, between April 2015 and March 2022, certain traders at the firm, “engaged in repeated instances of manipulative trading activities known as ‘spoofing’ and ‘layering’.” Despite being alerted to the manipulative trading by investment dealers that processed the firm’s trades through its direct electronic access accounts, the firm didn’t take adequate action, the NSSC said....

Funding talent wasn't around in 2015, and people who signed up with them most likely had no concept of "spoofing or layering".
Trade with confidence, trade without fear.
  • #10,952
  • Sep 21, 2022 6:01am Sep 21, 2022 6:01am
Quoting Vitore
{quote} I agree the top prop firms are different level, be it FTMO or MFF or maybe a few others, I don't believe they would do any cheating to make their traders lose. But TFF, for example - I'm not quite sure. I've been with them since they were still using IC Markets as the broker and their trading conditions were excellent and their traders were happy. Most of the new clients joined just because of that. Yet they wanted to set up their own server. Now, after several improvements (after many traders complaining) they still are not at the IC Markets...
They do it so they don't have to pay broker fees per demo account user. They also do it so they don't have to rely on a third party when eventual feed/server issues occur that need to be solved ASAP. I just had a win yesterday than came within 3 pipettes of my SL @ MFF. If you're that concerned about prop feeds... Trade with SL @ a trusted broker and copy trade to props with copy buy/sell on and pending+TP+SL turned off.
  • #10,953
  • Sep 21, 2022 6:15am Sep 21, 2022 6:15am
Quoting CableJ
{quote} They do it so they don't have to pay broker fees per demo account user. They also do it so they don't have to rely on a third party when eventual feed/server issues occur that need to be solved ASAP. I just had a win yesterday than came within 3 pipettes of my SL @ MFF. If you're that concerned about prop feeds... Trade with SL @ a trusted broker and copy trade to props with copy buy/sell on and pending+TP+SL turned off.
Thanks for the explanation. Seems reasonable. I'm not concerned about their price feed, my trading style is not affected, and SL hunting would be the lest probable technique I would expect anyways. I just want to understand as some actions they do seem illogical to me. And paying all the money for support stuff able to solve possible outages faster then a reputable broker is one of those. But what do I know about their cost model.
Btw. - I copy all my trades without SL/TP all the time not because SL hunting but because my master account has different price level than most prop firms I trade with and SL/TP would be set incorrectly.
Money is made by sitting, not trading
  • #10,954
  • Sep 21, 2022 10:46am Sep 21, 2022 10:46am
...it is time to be flat now. I closed all my positions. Just in case someone trades FOMC event, you need very large stoplosses. That is only for longer term swing traders.
  • #10,955
  • Sep 21, 2022 11:06am Sep 21, 2022 11:06am
It's comedy relief time again... time to check out MFF's discord.
  • #10,956
  • Sep 21, 2022 11:19am Sep 21, 2022 11:19am
Everyone can watch Powell here. Just a few minutes from here to go. A must for every serious Forex Trader at least.
https://www.federalreserve.gov/live-broadcast.htm
or here
Inserted Video
  • #10,957
  • Sep 21, 2022 11:49am Sep 21, 2022 11:49am
Hi there,

is there any discount code for MFF now ?

thanks in advance
  • #10,958
  • Sep 21, 2022 11:56am Sep 21, 2022 11:56am
Quoting bradu
Hi there, is there any discount code for MFF now ? thanks in advance
'9Z9NUJ3K' for 5% discount
Money is made by sitting, not trading
  • #10,959
  • Sep 21, 2022 12:30pm Sep 21, 2022 12:30pm
anybody ride the u30 rollercoaster today? 3 >450 point swings after release.
  • #10,960
  • Sep 21, 2022 11:09pm Sep 21, 2022 11:09pm
Quoting CableJ
anybody ride the u30 rollercoaster today? 3 >450 point swings after release.

Charts /
US30, M5, 2022.09.22 06:06 UTC, Traders Global Group Incorporated, MetaTrader 4, Demo

 

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https://charts.mql5.com/33/899/us30-...obal-group.png

US30, M5


I was at work, but my bot got on board...





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