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  • #12,121
  • Nov 3, 2022 6:47am Nov 3, 2022 6:47am
Quoting Nsak3y
{quote}-Trade multiple accounts using very conservative risk. If you have (10) 200K accounts, you could set your profit target to something extremely modest, such as $150/day. After taxes, that's over 10K pure profit, per month. No prop firm is going to flag your account for $150/day (or collectively $450/day with multiple accounts). Not only is this approach much better in terms of risk-management, but you will never have to worry about a prop firm looking for ways to kick you out because you are not disrupting anything whatsoever. You can also...
thank you, it is logic and it is like I could imagine.
in holiday till end of November
  • #12,122
  • Nov 3, 2022 6:51am Nov 3, 2022 6:51am
So after we know which are the solid prop, how to manage them and manage profits and risks in each of them,

the problem to have more accounts is how to manage them in block.

I prefer the idea to manage them in block, even as somebody said i 2 blocks, 3 blocks etc etc, but I want just to trade one strategy at the same time on all of them.

So which tools do you use usually to copy trades?

Friends that are expert of EAs usually have their own server, vps etc but this it's a bit stressing and not so easy job.

For example, the socialforextool that is working on cloud, is it a good tool to copy trades?

or what do you use? or you prefer don't do it?
in holiday till end of November
  • #12,123
  • Nov 3, 2022 7:13am Nov 3, 2022 7:13am
Quoting Nsak3y
{quote}-Trade multiple accounts using very conservative risk. If you have (10) 200K accounts, you could set your profit target to something extremely modest, such as $150/day. After taxes, that's over 10K pure profit, per month. No prop firm is going to flag your account for $150/day (or collectively $450/day with multiple accounts). Not only is this approach much better in terms of risk-management, but you will never have to worry about a prop firm looking for ways to kick you out because you are not disrupting anything whatsoever. You can also...
Exactly how to do it. I am at the point now where I do not even need to look at max daily loss, at worst, I come within 10% of it. Not only should you not have an issue with any of the firms, it is completely stress free. However, there should not be an issue with large payouts either....if your trading is legit ( no latency, arb and all of the other shit that brokers do not allow anyway) and you are with a legit firm, you should get paid regardless of the amount.
I trade most of my accounts low risk for my benefit, not to avoid issues with the firm. With my higher risk accounts, I expect to be paid just as hassle free as the others as I do not break any rules or engage in any prohibited activities.
  • #12,124
  • Nov 3, 2022 7:31am Nov 3, 2022 7:31am
Quoting forexbali
So after we know which are the solid prop, how to manage them and manage profits and risks in each of them, the problem to have more accounts is how to manage them in block. I prefer the idea to manage them in block, even as somebody said i 2 blocks, 3 blocks etc etc, but I want just to trade one strategy at the same time on all of them. So which tools do you use usually to copy trades? Friends that are expert of EAs usually have their own server, vps etc but this it's a bit stressing and not so easy job. For example, the socialforextool that is...
I personally manual trade, no EAs, no copiers. Mainly because I'm old school and like to be in control, the side benefit once again goes back to the under the radar discussion....they cannot accuse me of using a banned EA or copying from an account they don't like, etc.
Some here do copy, nothing wrong with it, all of the firms I use allow it, I believe TFTP standard and rapid do not allow, but I have royal there.
Most of my positions consist of many smaller trades with different stops and targets, so manual works for me.
  • #12,125
  • Nov 3, 2022 7:52am Nov 3, 2022 7:52am
I would say these are the main reasons to be in the radar:
- Use of EA/copiers
- Huge volume like hundreds of lots and tiny profit per lot
- Scalping with hundreds of trades per day or in a short period of time
- News trading with big profits
- Stops always set close to the daily limit
  • #12,126
  • Nov 3, 2022 9:29am Nov 3, 2022 9:29am
Quoting Capablanca
I would say these are the main reasons to be in the radar: - Use of EA/copiers - Huge volume like hundreds of lots and tiny profit per lot - Scalping with hundreds of trades per day or in a short period of time - News trading with big profits - Stops always set close to the daily limit
I agree, but with E8 Funding or My Forex Funds, you can trade as you want.

If you want, you can open 1000 lots at the same time, close 10k, and just wait for the profit split, this is why they are soo popular.

They have zero rules.
  • #12,127
  • Nov 3, 2022 10:13am Nov 3, 2022 10:13am
Quoting pipmaster77
{quote} I personally manual trade, no EAs, no copiers. Mainly because I'm old school and like to be in control, the side benefit once again goes back to the under the radar discussion....they cannot accuse me of using a banned EA or copying from an account they don't like, etc. Some here do copy, nothing wrong with it, all of the firms I use allow it, I believe TFTP standard and rapid do not allow, but I have royal there. Most of my positions consist of many smaller trades with different stops and targets, so manual works for me.
I missed in my sheet that Rapid TFT was no copy, now I added it as note. thanks to remember
in holiday till end of November
  • #12,128
  • Nov 3, 2022 10:15am Nov 3, 2022 10:15am
Which is the best name where you can reach the first payout faster?

let me know, so I don't need to go to check again all the pages.
in holiday till end of November
  • #12,129
  • Nov 3, 2022 10:27am Nov 3, 2022 10:27am
Quoting forexbali
Which is the best name where you can reach the first payout faster? let me know, so I don't need to go to check again all the pages.
The guys made all the hard work for us, you can check here.
  • #12,130
  • Nov 3, 2022 10:28am Nov 3, 2022 10:28am
Quoting forexbali
Which is the best name where you can reach the first payout faster? let me know, so I don't need to go to check again all the pages.
E8 Funding in just 8 days
  • #12,131
  • Nov 3, 2022 10:38am Nov 3, 2022 10:38am
Quoting pipmaster77
{quote} Exactly how to do it. I am at the point now where I do not even need to look at max daily loss, at worst, I come within 10% of it. Not only should you not have an issue with any of the firms, it is completely stress free. However, there should not be an issue with large payouts either....if your trading is legit ( no latency, arb and all of the other shit that brokers do not allow anyway) and you are with a legit firm, you should get paid regardless of the amount. I trade most of my accounts low risk for my benefit, not to avoid issues with...
TFTP funded account takes longer time after passing phase 2 ?
Intraday only.
  • #12,132
  • Nov 3, 2022 10:41am Nov 3, 2022 10:41am
Quoting forexbali
Which is the best name where you can reach the first payout faster? let me know, so I don't need to go to check again all the pages.
Finotive Funding in 7 days but I don't recommend them.
Of the normal ones, E8 is the faster (8 days)
  • #12,133
  • Nov 3, 2022 10:41am Nov 3, 2022 10:41am
Just lost 100k+ today. What a shitty day. On MFF 15K
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  • #12,134
  • Nov 3, 2022 10:56am Nov 3, 2022 10:56am
Quoting navk
{quote} TFTP funded account takes longer time after passing phase 2 ?
Yes, I passed on a Friday, did KYC, got agreement Monday, but they ONLY issue accounts for standard and royal on Sunday evening. So waited literally 9 days and then 30 days for FIRST payout, bi-weekly after. However, you are apparently inactive for 3 days while they process payout.
I am with them because they are credible, they pay, but I would not recommend unless you have other accounts rolling. I choose royal as I feel it is best option long term and didn't need quick payout.
  • #12,135
  • Nov 3, 2022 11:28am Nov 3, 2022 11:28am
Quoting pipmaster77
{quote} Yes, I passed on a Friday, did KYC, got agreement Monday, but they ONLY issue accounts for standard and royal on Sunday evening. So waited literally 9 days and then 30 days for FIRST payout, bi-weekly after. However, you are apparently inactive for 3 days while they process payout. I am with them because they are credible, they pay, but I would not recommend unless you have other accounts rolling. I choose royal as I feel it is best option long term and didn't need quick payout.
ok.

I m in the process of phase 2. just wanted to know.

Thanks.
Intraday only.
  • #12,136
  • Nov 3, 2022 11:35am Nov 3, 2022 11:35am
Quoting pipmaster77
{quote} Yes, I passed on a Friday, did KYC, got agreement Monday, but they ONLY issue accounts for standard and royal on Sunday evening. So waited literally 9 days and then 30 days for FIRST payout, bi-weekly after. However, you are apparently inactive for 3 days while they process payout. I am with them because they are credible, they pay, but I would not recommend unless you have other accounts rolling. I choose royal as I feel it is best option long term and didn't need quick payout.
Yep, those procedures show how that is part of the metrics of the business. They don't lack people or resources to do things.

It's part of their model to:
- Issue accounts on Sunday - that's pre programmed and sent automatically. Could be on Thursday, on Friday but, no, it's on Sunday
- Payouts - the same. They approve payouts and then send them religious in the 3rd day. Could be before but, no, it's 3td day. And for new accounts it's 2nd day, which is the best proof that this is intentional.
- Suspended account - during those 3 days for payout processing the account is suspended. The same. When you receive the payout you get the account released. Could be before but you have to wait.
- From phase 1 to 2 there is also a standardized waiting time, even if there's nothing to check

They're masters of management. I wish they were so competent and proactive managing the prop business as they are organizing chess tournaments, poker tournaments and demo competitions.
  • #12,137
  • Nov 3, 2022 11:36am Nov 3, 2022 11:36am
Quoting trader888888
Just lost 100k+ today. What a shitty day. On MFF 15K {image}
I don't see the loss

but this is the same account was 200.000 few days ago?
in holiday till end of November
  • #12,138
  • Nov 3, 2022 11:50am Nov 3, 2022 11:50am
Doing another masochism for the sake of research. Bought a 500k first class forex funds account. I might buy 2 for the full mill .. Its an eightcap company so there is potentially something to be said about that but stinks to high hell
  • #12,139
  • Edited 12:05pm Nov 3, 2022 11:54am | Edited 12:05pm
I added the first payout column.. now I will think
https://docs.google.com/spreadsheets...it?usp=sharing
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in holiday till end of November
  • #12,140
  • Nov 3, 2022 11:57am Nov 3, 2022 11:57am
Quoting Takisd
Doing another masochism for the sake of research. Bought a 500k first class forex funds account. I might buy 2 for the full mill .. Its an eightcap company so there is potentially something to be said about that but stinks to high hell
Always sacrificing for the good of the thread.
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