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My Forex Funds - Discussion/Q&A

  • #561
  • Feb 7, 2023 1:38pm Feb 7, 2023 1:38pm
Quoting Nsak3y
{quote}-I am being objective. Just because I claim to not understand the inner-workings (which I already admitted to that fact), does not mean that I cannot be objective. Because even if I do not understand the inner-workings, I can still establish an opinion that the server data should govern, regardless of how you or I believe that it works or should work. I have stated my reasoning why, objectively. Just because my opinion differs from yours, does not make it subjective in nature. I established my opinion based on commonsense and logic. {quote}-I...
Muting your comments as I cannot see any value for me. I have no capacity to argue with every statement you make and dont see the point in doing it anyways
Money is made by sitting, not trading
  • #562
  • Feb 7, 2023 1:43pm Feb 7, 2023 1:43pm
When people resort to insults or attempt to silence public discussion, one has to wonder why...
  • #563
  • Feb 7, 2023 2:23pm Feb 7, 2023 2:23pm
Quoting Nsak3y
When people resort to insults or attempt to silence public discussion, one has to wonder why...
When more people tell one person that they don't see value in his comments and that person still keeps posting, one also has to wonder why...
This is my very last response to you on this topic. Have a great day
Money is made by sitting, not trading
  • #564
  • Feb 7, 2023 2:48pm Feb 7, 2023 2:48pm
Quoting Vitore
When more people tell one person that they don't see value in his comments and that person still keeps posting, one also has to wonder why...
-Not really. You seem to not find value in what I have to say because I disagree with you. Personally, I do not refrain from speaking my mind just because it may be disagreeable, especially if/when I disagree with what someone is doing or saying.
  • #565
  • Feb 7, 2023 3:17pm Feb 7, 2023 3:17pm
Quoting Vitore
{quote} To make things absolutely transparent on my side I decided to publish here my MFF funded account with all information - incl. the balance. You can see it in my profile here https://www.forexfactory.com/vitore#...ab.list-page.1 My daily balance limit level was set at 281,227.03 as supported by the attached screenshot. {image} As you can see in the list of trades my account balance never crossed this level4391311
This is a kind reminder for the owner of this thread / MFF rep as the previous pages have been polluted by irrelevant reactions and I don't want my original post to get lost in that smoke

I still hope someone from MFF will take my case seriously and will either publicly defend the MFF stand by providing relevant, transparent, and undisputed evidence that I'm wrong (same as I did to support my view) or say sorry we've made a mistake and just put things right

Thank you
Money is made by sitting, not trading
  • #566
  • Feb 7, 2023 4:06pm Feb 7, 2023 4:06pm
Quoting KisA
Dear Sir, If I have 3 accerelate account the I can use only 1 strategy? Or 3 strategy rules?
Hello KisA,

You can use any strategy you want in your trading. It doesn’t have to be the same strategy for different accounts.

Sincerely,
Yavuz Karadeniz
Director - Customer Care
www.myforexfunds.com
  • #567
  • Feb 7, 2023 4:09pm Feb 7, 2023 4:09pm
Quoting Vitore
Hello there. I have no other option left than to bring it here, so I do. I am (well was) your funded trader but my funded account was suspended yesterday for breaching the daily balance level. The problem I have is - according to my MT4 terminal log I did not breach it. The situation was as follows: I had several orders opened, all of them protected by SL. According to the MT4 terminal log they were all closed at the exactly same second. MT4 internally keeps the more precise time stamp (in milliseconds) which is used for sorting. So I sorted the...
Hello Vitore,

Please DM us your account number so I can investigate what happened and explain it here.

Looking forward to hearing from you.

Sincerely,
Yavuz Karadeniz
Director - Customer Care
www.myforexfunds.com
  • #568
  • Feb 8, 2023 12:21pm Feb 8, 2023 12:21pm
Quoting Vitore
Hello there. I have no other option left than to bring it here, so I do. I am (well was) your funded trader but my funded account was suspended yesterday for breaching the daily balance level. The problem I have is - according to my MT4 terminal log I did not breach it. The situation was as follows: I had several orders opened, all of them protected by SL. According to the MT4 terminal log they were all closed at the exactly same second. MT4 internally keeps the more precise time stamp (in milliseconds) which is used for sorting. So I sorted the...
Hello Vitore,

I have checked the account number you provided to me in DM. Let me explain what happened with screenshots to clear your questions.

According to the server you had 600 lots buy on SP500 at the time of the breach (18:57:07), see blue mark from the first screenshot below. I highlighted the trades we closed due to the breach with red. Your daily drawdown limit for that day was 5% of $296,028.45 (starting balance/equity for that day) which is $14,801.42. You can see from the metatrader screenshot that other trades are closed with $15,696 loss which is already above your daily drawdown limit.

Attached Image (click to enlarge)
Click to Enlarge Name: viber_image_2023-02-08_02-43-35-028.jpg Size: 300 KB

Red mark shows the trades we closed after your account was violated when your trades are closed due to the stoploss you put which takes you above your stopout level for that day. However, your account was at -5.22% loss at the time of the violation before we closed those 2 trades due to the violation.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 32 KB

Second screenshot shows the times of the closes in our dashboard while first one showing the times of the closes from metatrader side.


I hope this clears your questions.

Sincerely,
Yavuz Karadeniz
Director - Customer Care
www.myforexfunds.com
  • #569
  • Feb 8, 2023 1:08pm Feb 8, 2023 1:08pm
Quoting MyForexFunds
{quote} Hello Vitore, I have checked the account number you provided to me in DM. Let me explain what happened with screenshots to clear your questions. According to the server you had 600 lots buy on SP500 at the time of the breach (18:57:07), see blue mark from the first screenshot below. I highlighted the trades we closed due to the breach with red. Your daily drawdown limit for that day was 5% of $296,028.45 (starting balance/equity for that day) which is $14,801.42. You can see from the metatrader screenshot that other trades are closed with...
Hello Yavuz,

thank you for taking time to analyze my account.

have you even read my original post? Do you even know what my questions were about?
Can you please highlight your answers to my questions in your response?

Please read again what my complain was about in the first place before you start posting here the same screenshots which your staff showed me several times already and which do not address any of my questions.

Thank you
Money is made by sitting, not trading
  • #570
  • Edited 1:51pm Feb 8, 2023 1:34pm | Edited 1:51pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 272 KB

You could also explain how is that possible to breach the limit when the sum of all p/l before the breach is smaller than the allowed drawdown (total loss incl. commissions before the "breach" was $13,413.00 whereas the limit - as you stated - was $14,801.42). The next transaction closed with the profit of $600 and is marked as "Breach"??? 2 more transactions follow with profit and are ok, then next one, in profit again, triggers another "Breach"???

Can anyone here understand this mess?

The numbers just don't add up at all. It's the same fabricated story with wrong numbers I heard from your staff before.
Next time at least try to reshuffle the transactions in the way so that it works out in your favor rather than mine...

Looking forward your explanations
Money is made by sitting, not trading
  • #571
  • Feb 8, 2023 1:51pm Feb 8, 2023 1:51pm
Quoting Vitore
{image} You could also explain how is that possible to breach the limit when the sum of all p/l before the breach is smaller than the allowed drawdown (total loss incl. commissions before the "breach" was $13,413.00 whereas the limit - as you stated - was $14,801.42). The next transaction closed with the profit of $600 and is marked as "Breach"? What logic is in it? Another 3 transactions follow again with profit only to trigger another "Breach"??? Can anyone here understand this nonsense? The numbers just don't seem to add up. It's the same nonsense...
You don't seem to understand that the rules are balance or equity which every comes first (and is a common rule amongst firms).. Your stop losses closed losses first. The two trades with the breach were open floating positives. So your balance dipped below the limits despite your equity being above the equity parameter.

You lost on that day 14337 despite having 2 trades open in positive equity. The positive equity on that day which is the trades with the comment breach total 1100, which means your balance was down 15437, which if you calculate what your starting balance was at the start of the day, is above the parameters.

From how I understand the rules as per their site, this is a correct violation.
  • #572
  • Feb 8, 2023 1:59pm Feb 8, 2023 1:59pm
Quoting Takisd
{quote} You don't seem to understand that the rules are balance or equity which every comes first (and is a common rule amongst firms).. Your stop losses closed losses first. The two trades with the breach were open floating positives. So your balance dipped below the limits despite your equity being above the equity parameter. You lost on that day 14337 despite having 2 trades open in positive equity. The positive equity on that day which is the trades with the comment breach total 1100, which means your balance was down 15437, which if you calculate...
No. Neither my balance nor my equity got below the limit. And that is my point.

However, equity is irrelevant because my breach was defined as daily BALANCE breach. And my balance NEVER got below the level.
Calculate the resulting balance after each order closure and you'll see it for yourself. The balance always stayed ABOVE the daily limit
Money is made by sitting, not trading
  • #573
  • Feb 8, 2023 2:00pm Feb 8, 2023 2:00pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 73 KB
Money is made by sitting, not trading
  • #574
  • Feb 8, 2023 2:14pm Feb 8, 2023 2:14pm
Quoting Takisd
{quote}The two trades with the breach were open floating positives.
They were not floating positives as they were also closed in the sequence as it shown on the screenshot and in the above table. And the balance was not below the limit before their closure, and they closed positive. And yet they were marked as breach.

Sorry I cannot understand it at all. Something is off

Btw. the Starting balance for the day and Stop-out level were both stated on the Dashboard for that day. They are not my calculations
Money is made by sitting, not trading
  • #575
  • Feb 8, 2023 2:25pm Feb 8, 2023 2:25pm
Quoting Takisd
{quote}So your balance dipped below the limits despite your equity being above the equity parameter.
Not in the scenario where the sequence of order closures goes as recorded in the MT4 log.

I'm getting these screenshots over and over again with the repeated mantra "you breached the rule". And when I take the screenshot and calculate the sequence of balances - as posted above in excel table - I never get a balance result that would come even close to the stop-out level of that day, let alone dipping below it...
Money is made by sitting, not trading
  • #576
  • Feb 8, 2023 2:44pm Feb 8, 2023 2:44pm
Quoting MyForexFunds
{quote}Red mark shows the trades we closed after your account was violated when your trades are closed due to the stoploss you put which takes you above your stopout level for that day.
AFTER??? Those trades were protected by SL and their closure was triggered BEFORE the account balance could reach the stop-out level. The MT4 log which you used confirms that. So why did you not execute them in the order in which they were requested? Do you say that you put them on hold and first closed all the other ones in loss?

Is this what happened and why my account was suspended?
Was my account breach caused due to you changing the sequence of my orders and executing losses first and profits last?

Am I dreaming or is this what you normally do with your traders' accounts?
Money is made by sitting, not trading
  • #577
  • Feb 8, 2023 4:37pm Feb 8, 2023 4:37pm
Quoting Vitore
{image} You could also explain how is that possible to breach the limit when the sum of all p/l before the breach is smaller than the allowed drawdown (total loss incl. commissions before the "breach" was $13,413.00 whereas the limit - as you stated - was $14,801.42). The next transaction closed with the profit of $600 and is marked as "Breach"??? 2 more transactions follow with profit and are ok, then next one, in profit again, triggers another "Breach"??? Can anyone here understand this mess? The numbers just don't add up at all. It's the same...
Hello Vitore,

The trades that were closed with your SL caused you to have the violation, our system closed the trades at the same second as it seems on the screenshot. About the listing, metatrader lists according to the opening time when the closing time of the trades are same. Therefore your profitable trade seems like closed before the losing ones but in fact, AFTER you breach the daily drawdown limit by your BALANCE, our system closed your other 2 trades due to the breach at the same second.

This should clear your question about why they are listed on top but they are closed AFTER the breach.

Sincerely,
Yavuz Karadeniz
Director - Customer Care
www.myforexfunds.com
  • #578
  • Feb 8, 2023 4:59pm Feb 8, 2023 4:59pm
Quoting MyForexFunds
{quote} Hello Vitore, The trades that were closed with your SL caused you to have the violation, our system closed the trades at the same second as it seems on the screenshot. About the listing, metatrader lists according to the opening time when the closing time of the trades are same. Therefore your profitable trade seems like closed before the losing ones but in fact, AFTER you breach the daily drawdown limit by your BALANCE, our system closed your other 2 trades due to the breach at the same second. This should clear your question about why...
Hello Yavuz,

No. The trades are listed in such order by MT4 because that's the order in which their closure was requested. But your server apparently processed them differently for a reason you refuse to disclose. Anyone here can read the thread and make their own opinion.

Honestly, I'm tired with this and I have better things to do than to argue with a company in which I lost any trust.

Apparently you don't care as you have enough other traders who don't ask difficult questions.

Take care, I'm done with your company
Money is made by sitting, not trading
  • #579
  • Feb 8, 2023 5:03pm Feb 8, 2023 5:03pm
Maaan, where are the milliseconds when you need them?
  • #580
  • Feb 8, 2023 6:25pm Feb 8, 2023 6:25pm
Quoting driven18
Maaan, where are the milliseconds when you need them?
I place all my trades via Duplikium and it shows me the MT4 log with milliseconds. The sequence is the same. The protection I use on my cTrader master account closes the profits first of course. And because i add to winners this means the closing sequence, when the price reverts, follows the opening times...

Anyway. I never liked MFF since their very first days, so they were the last ones on my list to try. Im happy they revealed themselves so quickly and not after i have earned some real money which they would refuse me to pay for their servers traded opposite to my MT4 or another BS. Im sure they would have a nice explanation for that too
Money is made by sitting, not trading
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