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  • #14,781
  • Apr 9, 2023 10:08am Apr 9, 2023 10:08am
Q: Why is no phone available from these prop firms?

A: Go to the discords of the prop firms and it will explain why. You will have 100,000 people calling constantly with the most stupid shit ever. Just manning those phones would probably make a prop firm go bust or the quality of service would be bogged down by idiots asking about T&S on a spot forex feed or other "gotcha" bullshit questions.
  • #14,782
  • Apr 9, 2023 10:34am Apr 9, 2023 10:34am
Quoting pipmaster77
{quote} I use MFF, FTMO, TFF and TFTP. All are on their own raw feed, except TFTP (8cap), spreads are great on all, if I get slippage, it is + slipppage from hitting a TP limit order. I tend to trade the indices with MFF and FTMO as they offer 0 commish and I stay away from silver on eightcap, for some reason the spread on silver is horrible there. With that being said, I am not a scalper and I trade with 2% risk of ALLOWABLE LOSS. Most often, I scale into positions accross the 4 firms. I AM NOT YOUR TYPICAL PROP TRADER. My max DD this month is...
It seems you almost trade with negligible risk. And scoring 0.6 to 0.8 % per week.

This works good on a monthly basis.

I take note of this for my funded accounts. Currently i have 3x100k funded but not strted trading it.
Intraday only.
  • #14,783
  • Apr 9, 2023 10:38am Apr 9, 2023 10:38am
Quoting CableJ
@navk Curious, how much down time do you typically have between losing an account and getting refunded once again? if you have been trading your system for quite some time and you know it's historical max losing streak & drawdown, Simply reduce your per trade risk so that losing streak drawdown = <40% of total allowable prop drawdown. Unless there is a black swan event or your system completely fails, you should eliminate the risk of losing another account.
After loosing a funded account, I passed phase 1 on the first day, scored 8 %.

The mental strenth I have.

Yes, I agree with you in the funded accounts, I am going to reduce my risk to close to 2 % on a 3 x 100k account.
Intraday only.
  • #14,784
  • Apr 9, 2023 11:07am Apr 9, 2023 11:07am
I hate TFTP.

They have huge spread during news event.

On gbpusd pair, during CPI, Some months ago..the spread went onto 27 to 45 pips and violated my ph 1 account.

Since then I stopped with them.

Yes, MFF, TFF are better compared to TFTP.
Intraday only.
  • #14,785
  • Apr 9, 2023 11:26am Apr 9, 2023 11:26am
Quoting Takisd
Q: Why is no phone available from these prop firms? A: Go to the discords of the prop firms and it will explain why. You will have 100,000 people calling constantly with the most stupid shit ever. Just manning those phones would probably make a prop firm go bust or the quality of service would be bogged down by idiots asking about T&S on a spot forex feed or other "gotcha" bullshit questions.
That makes good sense. I should have known the answer. Thank you.
  • #14,786
  • Apr 9, 2023 1:44pm Apr 9, 2023 1:44pm
Quoting navk
I hate TFTP. They have huge spread during news event. On gbpusd pair, during CPI, Some months ago..the spread went onto 27 to 45 pips and violated my ph 1 account. Since then I stopped with them. Yes, MFF, TFF are better compared to TFTP.
I also hate them. I never liked their marketing but I still decided to give them a try just recently. I trade all my accounts via copy trading from one master. MFF and MFFX seem to give me comparable profits. E8 gives much less. TFTP is even worse (much worse) than E8. I lost the TFTP challenge eventually while staying in profit on my other accounts. Crazy. TFTP trading conditions is a sh*it.
Money is made by sitting, not trading
  • #14,787
  • Apr 9, 2023 1:52pm Apr 9, 2023 1:52pm
Quoting pipmaster77
If you want a risk of ruin < 1%, you should be risking no more than 2K (2%) PER POSITION ACROSS ALL FIRMS, not each firm.
I believe the RoR score primarily depends on the particular strategy, the max/typical # of subsequent losses to be more specific. You can thus risk different amount with different strategy for the same risk of ruin.
Money is made by sitting, not trading
  • #14,788
  • Apr 9, 2023 2:08pm Apr 9, 2023 2:08pm
Quoting acetrader
{quote} That makes good sense. I should have known the answer. Thank you.
Its hard to adjust from like what we are used to to what is new. I am struggling a lot with the entitled people who appear in discords. Its very weird to me to feel like you are entitled to be a millionaire but apparently thousands of folks around the globe in their 20's think its everyone elses fault that they aren't rich .
  • #14,789
  • Apr 9, 2023 2:48pm Apr 9, 2023 2:48pm
Quoting navk
I hate TFTP. They have huge spread during news event. On gbpusd pair, during CPI, Some months ago..the spread went onto 27 to 45 pips and violated my ph 1 account. Since then I stopped with them. Yes, MFF, TFF are better compared to TFTP.
Their bulimic marketing and the fact of having 3 days of latency at the time of a payout (to resume trading) is completely unacceptable. Nevertheless, this prop firm has always paid me in the past (I don't use them anymore) and they have always respected their commitments. So I wouldn't be so radical as far as I'm concerned.
  • #14,790
  • Apr 9, 2023 3:34pm Apr 9, 2023 3:34pm
Quoting Takisd
{quote} Its hard to adjust from like what we are used to to what is new. I am struggling a lot with the entitled people who appear in discords. Its very weird to me to feel like you are entitled to be a millionaire but apparently thousands of folks around the globe in their 20's think its everyone elses fault that they aren't rich .
Hi Takisd,

I've never heard it stated any better than you just stated it. You are correct 100%. The USA if full of those entitlement leaning people. Nothing is ever their fault & they take to responsibility for their actions. The trading community it lettered with the same mindset.

When I ask that question about NO phone number provided by the Prop Firms, I guess I am so use to calling the broker by pone that I expected to be provided the same by the Prop Firms. Wow maybe the entitlement syndrome has taken me over lol. NO WAY.

I am taking a serious look at E8 Funding.

Thank you for your text setting me on to clearer thinking about the NO PHONE availability.

Best trades to you my friend.
  • #14,791
  • Apr 9, 2023 4:48pm Apr 9, 2023 4:48pm
Quoting Takisd
Q: Why is no phone available from these prop firms? A: Go to the discords of the prop firms and it will explain why. You will have 100,000 people calling constantly with the most stupid shit ever.
-100%.

I really do think that it is a generational thing. These younger generations are not problem-solvers. I think that they have been coddled too much.
  • #14,792
  • Apr 9, 2023 4:56pm Apr 9, 2023 4:56pm
Quoting acetrader
{quote} Hi Takisd, I've never heard it stated any better than you just stated it. You are correct 100%. The USA if full of those entitlement leaning people. Nothing is ever their fault & they take to responsibility for their actions. The trading community it lettered with the same mindset. When I ask that question about NO phone number provided by the Prop Firms, I guess I am so use to calling the broker by pone that I expected to be provided the same by the Prop Firms. Wow maybe the entitlement syndrome has taken me over lol. NO WAY. I am taking...
These prop firms bear some responsibility for the doorknobs they attract. Slick marketing and the enticement of getting rich by accessing their funded programs, is a carrot many a fool falls for. The barrier to enter is open to anyone with little money and experience. Just because you can, doesn’t mean you should.

You don’t see these type of morons in futures trading. The barrier to enter is set high. Only in FX and especially in FX prop firms.
Trade with confidence, trade without fear.
  • #14,793
  • Apr 9, 2023 5:56pm Apr 9, 2023 5:56pm
Speaking of entitled doorknobs. The owner of TFT has finally ran out of things to spam us with. So he decided to try to compare his penis with other firms, funny thing about web traffic is that you can "accidently" bot your traffic by advertising in strange places.

What no more 99% payouts and 150% bonuses? Just an easter egg hunt and a look at me look at me? Shame I am off chocolate at the moment.
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  • #14,794
  • Apr 9, 2023 5:57pm Apr 9, 2023 5:57pm
Quoting acetrader
{quote} Hi Takisd, I've never heard it stated any better than you just stated it. You are correct 100%. The USA if full of those entitlement leaning people. Nothing is ever their fault & they take to responsibility for their actions. The trading community it lettered with the same mindset. When I ask that question about NO phone number provided by the Prop Firms, I guess I am so use to calling the broker by pone that I expected to be provided the same by the Prop Firms. Wow maybe the entitlement syndrome has taken me over lol. NO WAY. I am taking...
When I was but a wee desk broker for a retail shop I absolutely HATED calling customers. The reason I hated it is 99.9% of them didnt want to be called. The answer I got was almost always "send me an email".

Some of the old school folk like the comfort of being able to call a number if shit hits the fan. Its something but just like a live chat system, you can always not answer.
  • #14,795
  • Apr 9, 2023 6:44pm Apr 9, 2023 6:44pm
Quoting Takisd
Some of the old school folk like the comfort of being able to call a number if shit hits the fan.
-Yes. This is absolutely right and warranted in some cases.

I think some people, even if out of habit or without thinking, may try to hold similar standards between broker and remote prop, but it just does not equate in most cases. You may be trusting a broker with lots of your own money, so having a dedicated manager and a number to call makes a lot of sense. Dealing with a remote prop firm is just not the same, in my opinion.
  • #14,796
  • Apr 9, 2023 6:59pm Apr 9, 2023 6:59pm
I was evaluating e8funding for my next prop firm and started a demo account tonight because the terms look good. The spreads are INSANE, higher than any other broker I've ever seen, even for a Sunday night. I think it's a glitch. First it was EURGBP, and then it was GBPUSD an hour or two later. I opened some sample trades of 1.2 to 1.6 lots with a stop loss about 2.5 ATR away, and within two minutes blew half the account and got suspended with a whopping -$132,176 trade. I think I'll pass on this prop firm. But I might contact them tomorrow and inquire before completely writing them off.
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  • #14,797
  • Apr 9, 2023 8:42pm Apr 9, 2023 8:42pm
Quoting Vitore
{quote} I believe the RoR score primarily depends on the particular strategy, the max/typical # of subsequent losses to be more specific. You can thus risk different amount with different strategy for the same risk of ruin.
Yes, correct, I'm just stating that basically ANY SYSTEM will have a risk of ruin of less than 1% if you risk 2% of allowable loss and always adjust it when in DD. Of course, if your system has a max loss of 10, you can definitely bump the risk.
  • #14,798
  • Apr 9, 2023 8:45pm Apr 9, 2023 8:45pm
Quoting Takisd
Speaking of entitled doorknobs. The owner of TFT has finally ran out of things to spam us with. So he decided to try to compare his penis with other firms, funny thing about web traffic is that you can "accidently" bot your traffic by advertising in strange places. What no more 99% payouts and 150% bonuses? Just an easter egg hunt and a look at me look at me? Shame I am off chocolate at the moment. {image}
I know, I feel like replying back.....instead of an Easter egg hunt, how about you pay me quicker than 3 days and even more importantly, reset my account quicker than 3 days.
  • #14,799
  • Apr 9, 2023 10:17pm Apr 9, 2023 10:17pm
Quoting AaronPriest
I was evaluating e8funding for my next prop firm and started a demo account tonight because the terms look good. The spreads are INSANE, higher than any other broker I've ever seen, even for a Sunday night. I think it's a glitch. First it was EURGBP, and then it was GBPUSD an hour or two later. I opened some sample trades of 1.2 to 1.6 lots with a stop loss about 2.5 ATR away, and within two minutes blew half the account and got suspended with a whopping -$132,176 trade. I think I'll pass on this prop firm. But I might contact them tomorrow and...
I am furious right now with E8... Just woke up and saw that I obviously violated the daily drawdown of 2.5k on a 50k account... Before the weekend I had a floating p&l of only about $50 on a 50k account (I am/was at stage 2 of the evaluation), with only about 0.4 lots open. I am trading only EURUSD, and this currency pair did not open with any unusual gap, also, I cannot see any unusual spikes in any direction anywhere (I am using several brokers, none of these show unusual behaviour).

I immediately wrote to e8 and demanded an investigation. Let's see what they say, I hope they deal with this in a professional manner. Will keep you posted here....
  • #14,800
  • Apr 9, 2023 10:26pm Apr 9, 2023 10:26pm
Quoting Alesamo
{quote} I am furious right now with E8... Just woke up and saw that I obviously violated the daily drawdown of 2.5k on a 50k account... Before the weekend I had a floating p&l of only about $50 on a 50k account (I am/was at stage 2 of the evaluation), with only about 0.4 lots open. I am trading only EURUSD, and this currency pair did not open with any unusual gap, also, I cannot see any unusual spikes in any direction anywhere (I am using several brokers, none of these show unusual behaviour). I immediately wrote to e8 and demanded an investigation....
So, when you say 0.4 lots are you stating $4/pip....this would take a 625 pip move to violate the $2,500 daily DD. EURUSD did open with a slight gap down and today's range is 20. Yeah, something is not right.
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