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  • #14,401
  • Mar 9, 2023 11:48pm Mar 9, 2023 11:48pm
FCFF (First Class Forex Funds) will go on their scam on their own server

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  • #14,402
  • Mar 10, 2023 12:18am Mar 10, 2023 12:18am
About a month ago MyFundedFX made an announcement that a trader was up like 40K and blew it all before the payout was due. They said how sad they were because they really wanted to make that first big payment. You know, to get a little shine on their new business.

Well, hopefully, they'll get a second chance to fork over roughly 56K if this trader doesn't give it all back.
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Pride always comes before destruction.... -Proverbs 16:18
  • #14,403
  • Mar 10, 2023 12:49am Mar 10, 2023 12:49am
I created a signal page with an autolot size to create quickly. trade ideas
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in holiday till end of November
  • #14,404
  • Mar 10, 2023 1:30am Mar 10, 2023 1:30am
Quoting Capablanca
FCFF (First Class Forex Funds) will go on their scam on their own server {image}
I wonder who they are whitelabelling / how awful the transition is going to be. Also smells like eightcap asked them to leave.
  • #14,405
  • Mar 10, 2023 1:41am Mar 10, 2023 1:41am
Quoting Takisd
{quote} I wonder who they are whitelabelling / how awful the transition is going to be. Also smells like eightcap asked them to leave.
If you are able to keep your existing account number it means that you will be staying on the 8cap server. It looks like they have just taken a MT4 white label solution from 8cap. Maybe forced by 8cap due reputation issues.
  • #14,406
  • Mar 10, 2023 1:47am Mar 10, 2023 1:47am
Quoting TraderTero
{quote} If you are able to keep your existing account number it means that you will be staying on the 8cap server. It looks like they have just taken a MT4 white label solution from 8cap. Maybe forced by 8cap due reputation issues.
No it doesn't. You can transfer all data from server to server, most server providers enable that.

There was a group of folks preparing a class action, but a white label of the same servers would mean the same trading conditions.
  • #14,407
  • Mar 10, 2023 1:55am Mar 10, 2023 1:55am
Quoting Takisd
{quote} No it doesn't. You can transfer all data from server to server, most server providers enable that. There was a group of folks preparing a class action, but a white label of the same servers would mean the same trading conditions.
Are they US based ?
  • #14,408
  • Edited 2:16am Mar 10, 2023 1:59am | Edited 2:16am
Quoting Takisd
{quote} No it doesn't. You can transfer all data from server to server, most server providers enable that. There was a group of folks preparing a class action, but a white label of the same servers would mean the same trading conditions.
Not a simple operation with Metaquotes and usually not being done. Trading conditions can easily be changed and a new LP can be used on the new white label. For example the Blueberry Markets feed. Server IP could eventually reveal what has been done.

You would not be moving server but individual accounts from 8cap demo2 server to a new server under some other broker and this not not something that brokers usually do because it's their data and there could even be some legal issues involved.
  • #14,409
  • Mar 10, 2023 2:24am Mar 10, 2023 2:24am
I see on 1H 4H and even daily a swing entry 1:5 RR opportunity

how do you see it?
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in holiday till end of November
  • #14,410
  • Mar 10, 2023 2:36am Mar 10, 2023 2:36am
Quoting forexbali
I see on 1H 4H and even daily a swing entry 1:5 RR opportunity how do you see it? {image}
Before NFP it is all useless, unless you close it within 3hrs
  • #14,411
  • Mar 10, 2023 2:45am Mar 10, 2023 2:45am
Quoting youngD
{quote} Before NFP it is all useless, unless you close it within 3hrs
are swing trades, you can't close for news.
in holiday till end of November
  • #14,412
  • Edited 3:49am Mar 10, 2023 3:00am | Edited 3:49am
Quoting Vitore
{quote} It is gambling. Remember - you're not making 10% but 100% (10% profit when you only have 10% DD) And that's only a beginning. Look at what those firms - FTMO included - celebrate and advertise. 40k, 60k 100k profit made with 100k account in 14 days (or maybe 30). What else is this other than a pure gambling? Even 40k out of a 100k account means +400% (40/10). So what they reward and celebrate is gambling. Yet when you try to make it they start threatening you or even ban you for good. That's why I call them hypocrites but maybe i should...
Likely a pure gambling going on!
Just commenting a person got 28 hard breaches since July 1, 22. And others commenting it just insane as not learnt how to trade or improve to a trader!! Telling easy but doing not as such!!
" true as in absolute sense but not for any trader or people of standard quality! If only 1% survive ultimately in forex trading long term when they can use 100% drawdown and so with dd 5 to 10 % even counted daily basis and many others added hard rules how many %of those 1%may ultimately survive logically? May 0.01% of only 1, that is 1 in 100000 may stay with only one account and rest 99999 are trying to take the by chance hit miss style. Better only one join who can do rather 99999 extra to add money pools only. Ok gambling formula many may use, that is give and take, give and take and lastly only give and all take, ultimately failure!! Anyway salute any having only ac and stable one year in any prop at least!"
Playing a swing for better safety need more time, one set up may need weeks even for only some pips while you have off the plays before breaking the supply limit, taking signal to confirmation to enter the real good trade while there are fears of fakeout even after confirmation, breaks and hold and still may fakeout to the target till upper limit of demand zone if luck ok. Within supply and demand zones one may random scalp but there exist pure gambling scnerios, difficult to continue or success long days..
For example for a smaller swing in eurusd h1 tf now may take week even to implicate and successfull trading if possible. May not even always will work too.
Watching prop firms for some time to get better possibilities if ever possible of pure gambling mode! I may be wrong though! Take care.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #14,413
  • Mar 10, 2023 4:36am Mar 10, 2023 4:36am
Does anyone know of a prop firm that trades spot instruments for fx I am yet to find any. So far all the ones I have contacted use CFDs. Would really love some help on this.
  • #14,414
  • Mar 10, 2023 4:46am Mar 10, 2023 4:46am
Quoting Capablanca
{quote} Are they US based ?
yes
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  • #14,415
  • Mar 10, 2023 5:21am Mar 10, 2023 5:21am
Quoting TraderTero
{quote} Not a simple operation with Metaquotes and usually not being done. Trading conditions can easily be changed and a new LP can be used on the new white label. For example the Blueberry Markets feed. Server IP could eventually reveal what has been done. You would not be moving server but individual accounts from 8cap demo2 server to a new server under some other broker and this not not something that brokers usually do because it's their data and there could even be some legal issues involved.
Blueberry markets is eightcap.
  • #14,416
  • Edited 5:48am Mar 10, 2023 5:37am | Edited 5:48am
AUDUSD 1H went well, we have also a daily signal, so should go more up

I'm training on 1H 4H and D charts, but it seem to me that the 1H is the less risky because usually the same signal come on 4H and D chart, the RR is always the same, but targets are higher. So I have to understand that, because diversify in the same signal long on different time frames doesn't have sense.

To me seem that the 1H chart it's much more powerfull for swing than 4H and day, but some time day and 4h can give some more confirmations and sometime the 4H is giving entries that are less risky of 1H because are more near to the stop loss. But just sometimes.

Tired of scalping, I'm trying the way to replace it and go for swing 100% unique way to trade prop.
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in holiday till end of November
  • #14,417
  • Mar 10, 2023 2:50pm Mar 10, 2023 2:50pm
MyFundedFX update on my second payment using the new trade hub.

I received an email on Monday reminding me that Friday was my next 2-week payday. Nice touch. After midnight last night, I went to "Profit & Share" and then clicked on "Request". Then clicked DEEL.

A DEEL contract was initiated about 9 hours later. It was approved in an hour and I could continue trading on the same account. So I only lost about 10 hours of trading time.

Pretty smooth so far.
Pride always comes before destruction.... -Proverbs 16:18
  • #14,418
  • Mar 10, 2023 11:20pm Mar 10, 2023 11:20pm
Quoting Expo33
MyFundedFX update on my second payment using the new trade hub. I received an email on Monday reminding me that Friday was my next 2-week payday. Nice touch. After midnight last night, I went to "Profit & Share" and then clicked on "Request". Then clicked DEEL. A DEEL contract was initiated about 9 hours later. It was approved in an hour and I could continue trading on the same account. So I only lost about 10 hours of trading time. Pretty smooth so far.
eightcap

can you remember us which are the commissions per lot for forex and metals? indices commission is included in the spread?
in holiday till end of November
  • #14,419
  • Mar 11, 2023 2:32am Mar 11, 2023 2:32am
Quoting Thoughts
If a liquidity crisis is coming, what do we think that means for props?
Oh dear..
  • #14,420
  • Mar 11, 2023 2:57am Mar 11, 2023 2:57am
Please help me in this concept for select trades for swing.

I'm digesting the method to select let's say A quality trades from B and C

Let's say, for what I understood, that for A trades we risk for example 2%, for B 1% and for C 0.5% of the balance.

For quality we mean the highest probability to win this trade, so let's say 75%+ for A, 50% for a B and 25%+ for C

Now the problem is the Risk Reward ratio. What happen if I have for example a A quality trade where I do not see a target with a good ratio over 1:4 or 1:5
but it is for example a 1:2?

Seen that I will earn only 2 and not 5, could I trade this entry always as quality A but lowering the risk from 2% to (2%/5*2=0.8%) to don't lose a trade where I believe has an high probability but going with 2% risk have no sense because I will lose 2% in exchange of just 4% profit?
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in holiday till end of November
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