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  • #13,521
  • Jan 21, 2023 9:48am Jan 21, 2023 9:48am
Quoting Bizziebee
{quote} I'm think of using one of these guys that pass the challenge for you. If you don't trust yourself anymore what choice is there? Or give up of course
What is your problem? If it time limits there are other options for you?
  • #13,522
  • Jan 21, 2023 10:24am Jan 21, 2023 10:24am
Quoting Bizziebee
{quote} I'm think of using one of these guys that pass the challenge for you. If you don't trust yourself anymore what choice is there? Or give up of course
You don’t need a prop firm account for trading. Especially for beginners evaluation is really hard. As you have to almost 100 % performance in one month.

If you think trading is for you then evalutions with no time limit are better.
Actually the evaluation of MFF with no time limit looks better than the 2-phase evalution. Because there is no time limit and you have to do only 10%.
  • #13,523
  • Jan 21, 2023 10:35am Jan 21, 2023 10:35am
Quoting Bizziebee
{quote} I'm think of using one of these guys that pass the challenge for you. If you don't trust yourself anymore what choice is there? Or give up of course
What is your risk of ruin in your system? How many consecutive losses (on average) does your system produce? What is R:R ratio? Figure out these numbers and adjust risk accordingly......here's 1 approach:

phase 1........... risk 1% per trade, or more specifically 10% of AVAILABLE DD, let's assume a 1:1 RR. $100K account with 10% DD, risk $1,000. If you lose you now have $99,000, remaining DD is $9K, next trade you risk $900, and so on, this prevents DD from getting too out of control during a losing streak. When in profit, same approach, let's say you are at 104K, 14 K DD, you may risk $1400. The 10% of DD is always going to be LOWER than the 1% of equity while losing and HIGHER when winning. Once you only need 2% or less to pass, I drop down to half the remaining target as risk per trade, so as not to give back when you are that close.

phase 2...........half the target, double the time, now risk 5% of available DD. You could do 2.5% here, but I don't see the need.

funded............ I trade 2% of available DD, just as if it was a personal account. I treat max loss in the prop as 100% equity in a personal account. I have some accounts which I apply higher risk to, I may average in to a position by spreading multiple entries at multiple prices across multiple firms. Point here is you have a MAX LOSS of approximately 20 times the fee you paid, which has also been refunded at this point, just DON'T LOSE THE ACCOUNT!!!!!

This is a slow, methodical approach....the other approach is risk everything on day 1 and get funded as quickly as possible. It may cost more in failed attempts but then you are also earning money faster (time has a price as well)

Everyone's risk tolerance is different, everyone's goals are different. In my opinion, though, if you are having a hard time passing, figure out the numbers on your system and adjust risk to fit.
  • #13,524
  • Jan 21, 2023 10:42am Jan 21, 2023 10:42am
Quoting Eren10
{quote} You don’t need a prop firm account for trading. Especially for beginners evaluation is really hard. As you have to almost 100 % performance in one month. If you think trading is for you then evalutions with no time limit are better. Actually the evaluation of MFF with no time limit looks better than the 2-phase evalution. Because there is no time limit and you have to do only 10%.
MFF doesn't have a no time limit "evaluation". If you are referring to rapid or accelerated, run the numbers..........as with most no time limit or "instant funding" accounts you are getting no value whatsoever vs. the fee being paid. Not going to explain AGAIN and AGAIN, search my posts, it's all there.
  • #13,525
  • Jan 21, 2023 3:08pm Jan 21, 2023 3:08pm
Quoting pipmaster77
{quote} MFF doesn't have a no time limit "evaluation". If you are referring to rapid or accelerated, run the numbers..........as with most no time limit or "instant funding" accounts you are getting no value whatsoever vs. the fee being paid. Not going to explain AGAIN and AGAIN, search my posts, it's all there.
If I have calculated and understood well: the Rapid account is really worth it. Actually a gem.

there is no time limit. You get 12 % of target, for 10K target is this 1200.


If you can make 1% daily profit of 12K (max drawdown of 100K) then about ~ 70 trading days you pass the test.
Then you have 1200 + a funded account. At third withdrawal your profit share goes to 80%, but starts at 50%. Is this not worth it
  • #13,526
  • Jan 21, 2023 3:19pm Jan 21, 2023 3:19pm
Quoting Eren10
{quote} If I have calculated and understood well: the Rapid account is really worth it. Actually a gem. there is no time limit. You get 12 % of target, for 10K target is this 1200. If you can make 1% daily profit of 12K (max drawdown of 100K) then about ~ 70 trading days you pass the test. Then you have 1200 + a funded account. At third withdrawal your profit share goes to 80%, but starts at 50%. Is this not worth it
Couple of things, Rapid will put upto max 3.5% per month it will take atleast 3 months to reach funded account. Which means if you have 100K account you need start with 10K account after 3 months with 10% drawdown. Do you think that is worth your effort?
Note : They will pay you 12% monthly of what ever you earned as bonus.
Compare it with evaluation. You will earn atleast 50K instead of 2-4K per month if you make 1% daily for 70 days on 100K account. If you compare it is penny wise pound foolish approach.

As a side note it is amazing people need unlimited time but still give hypothetical example of 1% per day
  • #13,527
  • Jan 21, 2023 3:47pm Jan 21, 2023 3:47pm
Quoting sampat
{quote} Couple of things, Rapid will put upto max 3.5% per month it will take atleast 3 months to reach funded account. Which means if you have 100K account you need start with 10K account after 3 months with 10% drawdown. Do you think that is worth your effort? Note : They will pay you 12% monthly of what ever you earned as bonus. Compare it with evaluation. You will earn atleast 50K instead of 2-4K per month if you make 1% daily for 70 days on 100K account. If you compare it is penny wise pound foolish approach. As a side note it is amazing people...

Plan is this. Buy a 100 K account -> overall drawdown is 12000.

Think if you have 12K account, forget 100K.


Make 1% daily from starting balance of 12K (so 1% not over 100K). Then over 70 days you reach balance of 22000. (

Then you get the funded account you bought , which is in this case 100K account. You said you get 10 K funded account is there some hidden rule that I haven’t seen it

And max 3.5% rule per month helps you to not go too fast.
  • #13,528
  • Jan 21, 2023 4:09pm Jan 21, 2023 4:09pm
Quoting Eren10
{quote} Plan is this. Buy a 100 K account -> overall drawdown is 12000. Think if you have 12K account, forget 100K. Make 1% daily from starting balance of 12K (so 1% not over 100K). Then over 70 days you reach balance of 22000. ( Then you get the funded account you bought , which is in this case 100K account. You said you get 10 K funded account is there some hidden rule that I haven’t seen it And max 3.5% rule per month helps you to not go too fast.
Which is easier making 100K on rapid and wait around 28 months to get 12K of allowed drawdown or pass eval?
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  • #13,529
  • Jan 21, 2023 4:13pm Jan 21, 2023 4:13pm
Quoting Eren10
{quote} Plan is this. Buy a 100 K account -> overall drawdown is 12000. Think if you have 12K account, forget 100K. Make 1% daily from starting balance of 12K (so 1% not over 100K). Then over 70 days you reach balance of 22000. ( Then you get the funded account you bought , which is in this case 100K account. You said you get 10 K funded account is there some hidden rule that I haven’t seen it And max 3.5% rule per month helps you to not go too fast.
Hi yes you have misunderstood this. You get a 10k live account (which you get paid 80% on) and you can trade the 100k demo account which you get paid 12% on.

I’ve been through it and it’s not worth the effort for me but I guess it depends where you are in the world for the time vs payout. Beats working in a sweat factory I suppose.
  • #13,530
  • Jan 21, 2023 4:14pm Jan 21, 2023 4:14pm
Quoting sampat
{quote} Which is easier making 100K on rapid and wait around 28 months to get 12K of allowed drawdown or pass eval? {image}
You are missing the point. Folks can’t pass eval. That’s why MFF and FTMO exist.
  • #13,531
  • Jan 21, 2023 4:19pm Jan 21, 2023 4:19pm
Quoting Fagin
{quote} You are missing the point. Folks can’t pass eval. That’s why MFF and FTMO exist.
Why do you think if a person cannot pass eval will pass rapid? Eval is fast death but you might get lucky and pass eval but rapid is like AIDs or 3rd stage cancer it guarantees death.
  • #13,532
  • Jan 21, 2023 4:25pm Jan 21, 2023 4:25pm
Quoting sampat
{quote} Why do you think if a person cannot pass eval will pass rapid? Eval is fast death but you might get lucky and pass eval but rapid is like AIDs or 3rd stage cancer it guarantees death.
By that statement you are clearly a complete idiot.
  • #13,533
  • Jan 21, 2023 4:30pm Jan 21, 2023 4:30pm
Quoting Fagin
{quote} By that statement you are clearly a complete idiot.
Haha try it and let me know only moron can advocate rapid instead of eval. You identified me because Beauty is in the eye of the beholder
If you are that much patient and talented why dont take 1000$ account and make 3.5% per month for 28 months and display result if it is better than eval.
Also who is telling you to pass eval in one month. You can get extension plus retakes...get out of tick tok world and start trading live accounts before commenting any thing.
  • #13,534
  • Jan 21, 2023 4:35pm Jan 21, 2023 4:35pm
Quoting pipmaster77
{quote} What is your risk of ruin in your system? How many consecutive losses (on average) does your system produce? What is R:R ratio? Figure out these numbers and adjust risk accordingly......here's 1 approach: phase 1........... risk 1% per trade, or more specifically 10% of AVAILABLE DD, let's assume a 1:1 RR. $100K account with 10% DD, risk $1,000. If you lose you now have $99,000, remaining DD is $9K, next trade you risk $900, and so on, this prevents DD from getting too out of control during a losing streak. When in profit, same approach,...
Thanks for that
  • #13,535
  • Jan 21, 2023 4:38pm Jan 21, 2023 4:38pm
Quoting sampat
{quote} Haha try it and let me know only moron can advocate rapid instead of eval. You identified me because Beauty is in the eye of the beholder If you are that much patient and talented why dont take 1000$ account and make 3.5% per month for 28 months and display result if it is better than eval.
I’m not advocating the Rapid account. I get that English may not be your 1st language so I will give you the benefit of the doubt.

However comparing terminal illness to trading accounts shows you have much maturing to do.
  • #13,536
  • Jan 21, 2023 4:40pm Jan 21, 2023 4:40pm
Quoting Fagin
{quote} Hi yes you have misunderstood this. You get a 10k live account (which you get paid 80% on) and you can trade the 100k demo account which you get paid 12% on. I’ve been through it and it’s not worth the effort for me but I guess it depends where you are in the world for the time vs payout. Beats working in a sweat factory I suppose.

Ok that is what I missed. I thought that they had a good offer . 10% of the account size is not worth it.


FundedNext has a similar offer, evalution without time limit, but their target is much larger: 25%. But with too much rules I don’t know if it is possible to keep the account for longer times.
  • #13,537
  • Jan 21, 2023 4:41pm Jan 21, 2023 4:41pm
Quoting Fagin
{quote} I’m not advocating the Rapid account. I get that English may not be your 1st language so I will give you the benefit of the doubt. However comparing terminal illness to trading accounts shows you have much maturing to do.
It is figurative speech, It may be harsh but it is what it is. The real reason of rapid is to take money as you might get lucky if you make good months but they restrict to 3.5%. If you blew up account it doesn't resets you will loose all funded earnings. Instant funding is far better than rapid as you see progress and money in the account. Rapid is copied from funding talent.
  • #13,538
  • Jan 21, 2023 4:45pm Jan 21, 2023 4:45pm
Quoting Eren10
{quote} Ok that is what I missed. I thought that they had a good offer . 10% of the account size is not worth it. FundedNext has a similar offer, evalution without time limit, but their target is much larger: 25%. But with too much rules I don’t know if it is possible to keep the account for longer times.
They have consistency enabled and consistency disabled accounts....avoid any consistency enabled ones.
  • #13,539
  • Jan 21, 2023 4:46pm Jan 21, 2023 4:46pm
Quoting Bizziebee
I'm think of using one of these guys that pass the challenge for you. If you don't trust yourself anymore what choice is there? Or give up of course
-If you want to be a trader, then it will be better if you will invest in yourself, not in others. Most traders fail because they quit. They quit because they are not willing or able to invest the time required for them to learn.

If you are not able to pass the challenges, then first look at why. Identify the problem and look for solutions around that problem. Sometimes, people just need to look at lower time-frames and adjust their trading accordingly. Other times, people are just not ready and should spend more time learning on demo first.

My advice to anyone that is unable to pass challenges, is to stop spending money on challenges. Trade on a free demo account until you are consistently profitable and can pass challenges using the same rules and criteria. Once you are able to pass consistently, try to trade the account for at least a month without losing it. Once you are able to do that, and only then, buy a challenge account.
  • #13,540
  • Jan 21, 2023 5:15pm Jan 21, 2023 5:15pm
Quoting sampat
{quote} They have consistency enabled and consistency disabled accounts....avoid any consistency enabled ones.

With non-consistency account you get 25% of the challenge account. With consistency account you get 100% of the challenge account size. Non-consistenct is not worth it because of the 25 % rule. And it looks difficult to keep the consistency account live for longer period. But if you can keep it live then mathematically it looks good.
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