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  • #15,041
  • Apr 18, 2023 5:40am Apr 18, 2023 5:40am
Quoting elemiliman
Registered for https://finotivefunding.com/ prop account challenge yesterday. Ultimated time to complete the 2 stage challenge. That's very good.
.
I'm in a challenge too. Currently on Phase 2 now. Be careful of that responsible trading rule. Can be tricky. The way I look at it daily drawdown may not really be 5% due to that responsible trading policy BS more like it's just 2.5% daily drawdown since you are only allowed 50% risk of that 5%, as each loss you can risk less and less. I could be wrong, better clarify it with them. Anyway, to be safe, stop trading after loosing 2.5% in a day, be on the safe side. . Let me know how yours go.

And yea, easiest way is to keep monitoring the allowed daily drawdown on your dashboard. Each time you are only allowed to loose less than half of that on every open trade.
  • #15,042
  • Apr 18, 2023 6:07am Apr 18, 2023 6:07am
Quoting maflip
{quote} . I'm in a challenge too. Currently on Phase 2 now. Be careful of that responsible trading rule. Can be tricky. The way I look at it daily drawdown may not really be 5% due to that responsible trading policy BS more like it's just 2.5% daily drawdown since you are only allowed 50% risk of that 5%, as each loss you can risk less and less. I could be wrong, better clarify it with them. Anyway, to be safe, stop trading after loosing 2.5% in a day, be on the safe side. . Let me know how yours go. And yea, easiest way is to keep monitoring...
Thank you very much for the heads-up. I will look at that closely.
Sure I will let you know how it went.
Survival intelligence is more important than entry intelligence
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  • #15,043
  • Apr 18, 2023 6:10am Apr 18, 2023 6:10am
Quoting elemiliman
{quote} Thank you very much for the heads-up. I will look at that closely. Sure I will let you know how it went.
Yeah, many fail because of that. Even when account is positive. Worst, they tell you in the end after Phase 2. If you dont ask.
  • #15,044
  • Apr 18, 2023 6:12am Apr 18, 2023 6:12am
Quoting maflip
{quote} Yeah, many fail because of that. Even when account is positive. Worst, they tell you in the end after Phase 2. If you dont ask.
Dang...that's cold.
Survival intelligence is more important than entry intelligence
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  • #15,045
  • Apr 18, 2023 6:34am Apr 18, 2023 6:34am
Quoting maflip
{quote} Yeah, many fail because of that. Even when account is positive. Worst, they tell you in the end after Phase 2. If you dont ask.
They said in the discord group that they plan to have a real time alert but apparently they don't have it yet. This is something basic.
It's not acceptable to flag something that happened 23 days ago that you didn't realize. It's a shady behaviour.
  • #15,046
  • Edited 9:26am Apr 18, 2023 7:33am | Edited 9:26am
I was off for 2 days, sorry.

If anyone had no answer from me, ask again.

I have a new idea to pass PROP challenge, and beat them, with a copier.

Anyone interested to hear it?

I bring this demo up of 375% in 13 days, less weekends is like 7-8 trading days.

I was using it thinking to copy on a prop with 20 time less leverage, so 375%/20=18.75% net profit

The idea is this: to trade aggressively a demo account (1:100 leverage) of 400K thinking to copy a day on a 400K prop account (but it can be also a 5K account)
in a way that if I do even -99% the max loss of the prop account will be 5% max and not breached.

Trade a big demo aggressively and with confidence, and risk how much you want without think to much to risk management. Be free and aggressive. Trade anything you want and even on news.

I think it can help especially for who has small accounts below 50K but should work for every account.

If some of you want to test my idea, and see if this really could help, please do some test. Even only in demo.

You have to bring the demo to +160% to pass the challenge of 8% phase 1. Than 100% to pass phase 2 and get funded. And do the same with funded account but will less leverage! (let's say -40 -60 times so you can lose even 1-2 times the demo and still be succefull)

Please let me know what do you think. This is something psychological that helped me a lot past week.

The best should be: create a demo on eightcap, and use MFFX to replicate with a copier everything. Is sufficient a 5K challenge account to test my theory

I can help answering if you have doubts.

If you join to MFFX remember to use the code "ECN" as affiliate!

If then you are successful the same method will help in 30-40 days limit challenges (Ftmo MFF etc) but for now the best is eightcap demo vs eightcap brokers
before to manage on brokers with different symbols this strategy.
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in holiday till end of November
  • #15,047
  • Edited 7:57am Apr 18, 2023 7:36am | Edited 7:57am
Quoting elemiliman
{quote} Dang...that's cold.
yeah for sure. But they do pay. Problem is their daily drawdown is the lowest in the market if you figure it out. The only time you'll be able to use the whole 5% drawdown is if your account is more than 5% positive at the start of the day. If not, better keep a watch on your dashboard. You can continue to trade. But your allowable loss keeps getting smaller and smaller that day. Might as well stop, and trade the next day after a loss of 2.5%.

MFFX might be better than finotive, I'll probably try that one next.
  • #15,048
  • Apr 18, 2023 7:50am Apr 18, 2023 7:50am
Quoting forexbali
The idea is this: to trade aggressively a demo account (1:100 leverage) of 400K thinking to copy a day on a 400K prop account (but it can be also a 5K account) in a way that if I do even -99% the max loss of the prop account will be 5% max and not breached. Trade a big demo aggressively and with confidence, and risk how much you want without think to much to risk management. Be free and aggressive. Trade anything you want and even on news. I think it can help especially for who has small accounts below 50K but should work for every account....
Now you're just spamming complete nonsense.
Trade with confidence, trade without fear.
  • #15,049
  • Apr 18, 2023 7:52am Apr 18, 2023 7:52am
Quoting maflip
{quote} yeah for sure. But they do pay. Problem is their daily drawdown is the lowest in the market if you figure it out. hah hah. The only time you'll be able to use the whole 5% drawdown is if your account is more than 5% positive at the start of the day. If not, better keep a watch on your dashboard. You can continue to trade. But your allowable loss keeps getting smaller and smaller that day. Might as well stop, and trade the next day after a loss of 2.5%. MFFX might be better than finotive, I'll probably try that one next.
Good to know. I don't like MFFX I have used them before. I don't like the 30 days trading time limit.
Survival intelligence is more important than entry intelligence
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  • #15,050
  • Apr 18, 2023 7:58am Apr 18, 2023 7:58am
Quoting elemiliman
{quote} Good to know. I don't like MFFX I have used them before. I don't like the 30 days trading time limit.
MFFX is also unlimited time. You probably mean MFF.
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  • #15,051
  • Apr 18, 2023 8:03am Apr 18, 2023 8:03am
Quoting Cryptosurf
{quote} Now you're just spamming complete nonsense.
No. I don't think that's the case. There is a logic to the idea.
Think about for a moment.
Survival intelligence is more important than entry intelligence
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  • #15,052
  • Apr 18, 2023 8:04am Apr 18, 2023 8:04am
Quoting maflip
{quote} MFFX is also unlimited time. You probably mean MFF. {image}
Oh sorry I thought you meant my forex funds
Survival intelligence is more important than entry intelligence
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  • #15,053
  • Apr 18, 2023 8:09am Apr 18, 2023 8:09am
Quoting elemiliman
{quote} Oh sorry I thought you meant my forex funds
Downside is they use eightCRAP as the broker.
  • #15,054
  • Apr 18, 2023 8:29am Apr 18, 2023 8:29am
Quoting Cryptosurf
{quote} Now you're just spamming complete nonsense.
Sorry to hear from you that. I've 30 years experience in trading, and I always hated MT5 and FX business with so high leverage that is like gambling for many of the users. Advertising of each broker shows that 75-80% of all the funds deposited in FX are lost. Due to leverage.

All of you knows how it's difficult to pass a challenge forced to do a 8-10% in just 20 sessions.
Also you know what gambling business is the prop business making money from it.

So, it's not spamming! is an idea I found to control my emotions and don't make mistakes trading directly a prop account.

I will explain better as I can, unfortunately I have left arm broken, so asap I will comment more!

Quoting elemiliman
{quote} No. I don't think that's the case. There is a logic to the idea. Think about for a moment.
thank you for your support!

Quoting elemiliman
{quote} Oh sorry I thought you meant my forex funds
No I meant MFFX because for now is my best program because of the "no limit" 2 phase challenge.

But of course will be the same everywhere. But because now I don't have time to make a copier using for example a vantage market demo and sending orders on a prop like MFF or FTMO with own liquidity, I would need to spend time to set up the copier with perfect symbols or check specifications, I could do mistakes.

So for now my idea was to use a demo of eightcap and brokers using eightcap, so if you don't like MFFX for example TFT could be the same if they are still with them.

Or use some demo that has symbols almost the same of the prop you choose and the specifications similar (contract sizes) to avoid to work to much on settings on the copier. So for example a demo on fusion markets or ic markets could be fine also.

---

Finally, dear friends! this is my experience. I tested many times demos, and I'm able to bring a demo to +160% aggressively let's say 50% of the times or even to 250-300%.

But when I did 3 prop challenges, I had 100% fail.

I'm working on it.... and I got this idea 1 week ago.

How possible that I'm so good managing demos, and in prop I fail? Perhaps to me is very boring to see the prop account with small amount.

I came so to this idea. And I think it will work! Not for all of course.

But many peoples like me will be in the same situation and would try this strategy. So I waiting a feedback and I think somebody will see soon a result like me.

I will continue to work on this idea.
in holiday till end of November
  • #15,055
  • Apr 18, 2023 8:39am Apr 18, 2023 8:39am
Quoting forexbali
{quote}I've 30 years experience in trading
Come on mate, 30 year veterans in trading aren't hustling spammy programs on web forums.
Trade with confidence, trade without fear.
  • #15,056
  • Edited 9:04am Apr 18, 2023 8:51am | Edited 9:04am
Quoting Cryptosurf
{quote} Come on mate, 30 year veterans in trading aren't hustling spammy programs on web forums.
This is not a spam... is a way to survive on what they are asking us, to make a 96% or 120% per year to show how good we are in trading!
While a good hedge fund is making 1/5 or 1/10 for that with much higher drawdowns.

I'm glad for you if you have not difficulty at all to pass with good rate challenges, but who is trying with EAs or who with me with some simplier idea, hope will be welcome in this gambling industry of metaquotes-prop.

As per your signature "trade without fear" is exactly my idea... using a demo, with no fears and replicate on a prop account with 20 times less leverage (if same size).

I'm trading like that the prop account like with a max leverage of 1:5
in holiday till end of November
  • #15,057
  • Apr 18, 2023 9:15am Apr 18, 2023 9:15am
Quoting forexbali
{quote} This is not a spam...
BS, when you start stating garbage such as this:

"Trade a big demo aggressively and with confidence, and risk how much you want without think to much to risk management. Be free and aggressive. Trade anything you want and even on news."

Its a straight up scam and you know it.
Trade with confidence, trade without fear.
  • #15,058
  • Apr 18, 2023 9:55am Apr 18, 2023 9:55am
Quoting maflip
{quote} Downside is they use eightCRAP as the broker.
Lol Eightcap is actually nice the5ers uses it also and it works fine for me.
Survival intelligence is more important than entry intelligence
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  • #15,059
  • Apr 18, 2023 10:07am Apr 18, 2023 10:07am
Quoting elemiliman
{quote} Lol Eightcap is actually nice the5ers uses it also and it works fine for me.
5ers had his own liquidity!!! so you are saying that now 5ers made a switch to eightcap?

if yes, this is why they said soon they will add crypto and other missing products!
in holiday till end of November
  • #15,060
  • Apr 18, 2023 10:11am Apr 18, 2023 10:11am
Quoting Cryptosurf
{quote} BS, when you start stating garbage such as this: "Trade a big demo aggressively and with confidence, and risk how much you want without think to much to risk management. Be free and aggressive. Trade anything you want and even on news." Its a straight up scam and you know it.
not it is not, of I wrote fast and may it sound bad, but you need to think to the substance, that aggressive demo is the master, and you trade even if you are in with 100 leverage with 1:5 leverage on the prop. It can sound bad... but it's part of the strategy, forget the fear, and be aggressive. But doing on a demo will be much different to do directly on the prop, because there you can easily trade more % of the balance and blow up the account faster. The reason why are many, and I will explain later to who will like my idea and will ask a deeper comment on it. Perhaps many people is smart here, so they will comment alone of why it could work.

because most of the time you will be like with 10-20-30 leverage on the master demo... this mean to trade on the prop like with leverage 1 or 0.5 most of the time, that doesn't sound so risky if we compare to a 0.5-1-2-2.5% trade of the balance in 1 shot like youtubers showing their prop strategies.

With a leverage 0.5/1 even trading on news, doesn't sound so risky to blow up an account under the news... especially on forex.

However this is my idea, and it's just statistics. Anyone can try to set up for 1-2 weeks some demo, and try to do what I did.
And then compare the success rate in % of the accounts demo sent to 160% that if copied 1/20 on a prop would mean to pass the challenge.
And trying to do it in 2 weeks trading.

Doesn't cost nothing. It's a demo test, and an idea, and I'm sure some reader will like. It's free my idea. And doesn't cost anything...
in holiday till end of November
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