The5ers - Trading & Growth Program | Page 87 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Billy & Jim TMA & Channel & Life Health & Wealth 1,084 replies

Unbalance Parentheses & Unexpected End of Program 3 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

All about MT4 Program, Indicator, Script & EA 81 replies

Fisrt Program - Safe Trading 26 replies

Attachments: The5ers - Trading & Growth Program
Exit Attachments

The5ers - Trading & Growth Program

  • #1,721
  • May 23, 2023 1:58pm May 23, 2023 1:58pm
Hey 5ers, I have another question. It states on your website under High Stakes Program - Terms & Conditions > Communication that traders need to check their email every hour while they have positions on. If this is the case, how do swing traders manage that? Are they required to wake up and check their email eight times a night? I often put on positions during Asia and check them in the morning before NY. How would that rule affect me? Thank you.
Virtue signaling is for those who are devoid of actual virtue
  • #1,722
  • May 28, 2023 6:13am May 28, 2023 6:13am
Quoting Butters
Hey 5ers, I have another question. It states on your website under High Stakes Program - Terms & Conditions > Communication that traders need to check their email every hour while they have positions on. If this is the case, how do swing traders manage that? Are they required to wake up and check their email eight times a night? I often put on positions during Asia and check them in the morning before NY. How would that rule affect me? Thank you.
Hey Butters

It's an old sentence that we need to change(thanks)
Just be aware that if you receive an email from us, make sure to read it.
We are Forex traders - Come trade with us
  • #1,723
  • May 29, 2023 9:49am May 29, 2023 9:49am
Weekly Forex Forecast May 22 - 26, 2023

Here is today's recording of the trading room session.

In today’s trading room, we analyzed the current trends in Gold and the US Indices and major currencies.

Despite the limited market activity during Memorial Day, we have taken the opportunity to formulate a forecast for the upcoming week. The US indices have experienced an upward trend primarily driven by the growing influence of artificial intelligence (AI). As a result, the market anticipates a promising future and expects enhanced efficiency for companies leveraging these emerging technologies. However, from a technical standpoint, certain weaknesses are evident in the market, which could potentially create selling opportunities throughout the week.

Turning our attention to the EURUSD currency pair, the price has arrived at a significant key zone, indicating the potential for an upward push following an extended bearish trend observed over the past few weeks.

Lastly, the gold market presents favorable buying prospects as it currently resides within a demand zone. This provides an attractive opportunity for investors seeking to enter the market.

In summary, based on our analysis, the US indices exhibit signs of weakness, while the EURUSD pair shows the potential for an upward movement, and Gold indicates favorable buying opportunities within the current demand zone.

Join Us For The Trading Festival Of The Year Top Traders, Competitions, Gaming, Lunch & Beer

Attached Image (click to enlarge)
Click to Enlarge Name: ftr_blog_ruben_d_copy_2-100 may 29.jpg Size: 161 KB
We are Forex traders - Come trade with us
  • #1,724
  • May 30, 2023 2:52pm May 30, 2023 2:52pm
Hi again 5ers, one more question. I'm getting closer to signing up so I just want to make sure I have all my questions answered beforehand. Anyway, once you pass step 1 and 2 of the High Stakes Challenge and are a trader for The5ers, it says there is a minimum of 3 profitable days (of 0.5% profit). How does this apply for funded traders? Do you need 3 profitable days to be eligible for a payout, to scale up once hitting 10%, or both? Also, once a trader gets to the personalized contract stage, is that rule negotiable? Could the minimum profitable days rule be gotten rid of at that point? Just curious.

Finally, once a High Stakes account reaches $500,000, is that the highest balance it can have, so all profits will be paid out and the balance goes back to $500,000, or, are the profits paid out AND the account continues to grow? How does that work?

Thank you.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: hsc.PNG Size: 14 KB
Click to Enlarge Name: scale.PNG Size: 11 KB
Virtue signaling is for those who are devoid of actual virtue
  • #1,725
  • Jun 1, 2023 1:08am Jun 1, 2023 1:08am
Quoting Butters
Hi again 5ers, one more question. I'm getting closer to signing up so I just want to make sure I have all my questions answered beforehand. Anyway, once you pass step 1 and 2 of the High Stakes Challenge and are a trader for The5ers, it says there is a minimum of 3 profitable days (of 0.5% profit). How does this apply for funded traders? Do you need 3 profitable days to be eligible for a payout, to scale up once hitting 10%, or both? Also, once a trader gets to the personalized contract stage, is that rule negotiable? Could the minimum profitable...
Hey Butters

Once funded, the 3 profitable days are only for the scale, and it's not negotiable.
For now, on the high-stakes program, you can scale up to $500,00
We are Forex traders - Come trade with us
  • #1,726
  • Jun 1, 2023 1:23am Jun 1, 2023 1:23am
Don't you want to compete for $2.5M in prizes?

Hey Traders,
The Trading Festival event is Around The Corner.
June 17, London

Don't you want to compete for $2.5M in prizes?
Don't you want to learn from top traders all in one place?
Don't you want a free trading account?

Obviously you do!

Act fast - 20% Off all tickets for a limited time

Get your ticket now

We're waiting for you!

High 5!

Attached Image (click to enlarge)
Click to Enlarge Name: Story-event.gif Size: 1.0 MB
We are Forex traders - Come trade with us
  • #1,727
  • Jun 1, 2023 6:45am Jun 1, 2023 6:45am
Quoting The5ersTF
{quote} Hey Butters Once funded, the 3 profitable days are only for the scale, and it's not negotiable. For now, on the high-stakes program, you can scale up to $500,00
Wish they offered Tradingview instead of MT platforms
every Saint has a past. Every Sinner has a Future
  • #1,728
  • Jun 2, 2023 11:21am Jun 2, 2023 11:21am
Quoting The5ersTF
{quote} Hey Butters Once funded, the 3 profitable days are only for the scale, and it's not negotiable. For now, on the high-stakes program, you can scale up to $500,00
So if I scale up to 500k and make 5% (25k) in two weeks, does the balance go back down to 500k after the 25k payout, or does the balance continue to grow (without you depositing more money)?
Virtue signaling is for those who are devoid of actual virtue
  • #1,729
  • Jun 4, 2023 9:23am Jun 4, 2023 9:23am
Decided to sign up and give this a shot. I've had a profitable trading account for a while but being out of the FX community for a long time Prop Firms are fairly new to me. Lets see how the trades play out when mirrored from my actual account.
  • #1,730
  • Jun 6, 2023 12:58am Jun 6, 2023 12:58am
Just checked the5ers 2-step evaluation program(High Stakes Challenge) and found that they have 2 minutes news rule.
'Holding open trades over high-impact news is allowed.
However, it is not allowed to execute any order (open, close, sl, tp) 2 minutes prior or after to high-impact news in the related currency or index.
Doing so will lead to the termination of the account.
WHY? because given the speed and slippage of the movements during high-impact news, these kinds of trades do not make money in the real market, although you may see a profit on your side. '

This rule is designed to fail as many traders as possible. If they do not want any trading during news, they can disable trading on their server. OR they can state that any profits during news will not count and any losses during news will count, so it is just a soft breach and traders can continue trading.
  • #1,731
  • Jun 7, 2023 3:59pm Jun 7, 2023 3:59pm
You don't have to trade news to make money...

I avoid big news days and haven't traded news in years.

Signed up for the high stakes account 40% of the way there already, hopefully will meet the first goal by end of week.
  • #1,732
  • Jun 8, 2023 5:56am Jun 8, 2023 5:56am
Quoting ladder
Just checked the5ers 2-step evaluation program(High Stakes Challenge) and found that they have 2 minutes news rule. 'Holding open trades over high-impact news is allowed. However, it is not allowed to execute any order (open, close, sl, tp) 2 minutes prior or after to high-impact news in the related currency or index. Doing so will lead to the termination of the account. WHY? because given the speed and slippage of the movements during high-impact news, these kinds of trades do not make money in the real market, although you may see a profit on...
Hey Ladder

Holding open trades over high-impact news is allowed.
However, it is not allowed to execute any order (open, close, sl, tp) 2 minutes prior or after to high-impact news in the related currency or index.
Doing so may lead to the termination of the account.
WHY? Because given the speed and slippage of the movements during high-impact news, these kinds of trades do not make money in the real market, although you may see a profit on your side.
If you are a regular trader, evaluating risk, taking trades in line with your plan, and treating the accounts like your own personal account, you have nothing to worry about…
If you are treating the account as a GET RICH QUICK account, then you will need to watch that rule, as we will terminate accounts that are reckless.
We are Forex traders - Come trade with us
  • #1,733
  • Jun 8, 2023 7:20am Jun 8, 2023 7:20am
Totally agree about news trading. Trading the news candle itself is gambling imo, but you can use the news as a momentum opportunity provided you have a setup that corresponds with how the market reacted to the news. In this example from last Friday on UJ, there was already a long setup, but the entry was just over 1 hour after the news candle. And if UJ sold off then I wouldn't have tried to short because it was a long setup. Likewise, if there was a short setup then I wouldn't go long if price responded bullishly.
Attached Image (click to enlarge)
Click to Enlarge Name: News Trade.PNG Size: 25 KB
Virtue signaling is for those who are devoid of actual virtue
  • #1,734
  • Jun 8, 2023 9:04am Jun 8, 2023 9:04am
Only 8 days until the trading festival in London, June 17, London

15 top speakers
$2.5M trading tournament
Traders' stand-up comedy
exclusive Evening event

All tickets are now 20% off

Get Your Tickets Now

High 5!

Attached Image (click to enlarge)
Click to Enlarge Name: tfot (1).jpg Size: 82 KB
We are Forex traders - Come trade with us
  • #1,735
  • Jun 8, 2023 9:17am Jun 8, 2023 9:17am
Quoting The5ersTF
{quote} Hey Ladder Holding open trades over high-impact news is allowed. However, it is not allowed to execute any order (open, close, sl, tp) 2 minutes prior or after to high-impact news in the related currency or index. Doing so may lead to the termination of the account. WHY? Because given the speed and slippage of the movements during high-impact news, these kinds of trades do not make money in the real market, although you may see a profit on your side. If you are a regular trader, evaluating risk, taking trades in line with your plan, and...

In the inner cities of NYC there is a saying that applies here. "Scared money Makes no money". With experience you can trade news candles. I myself love to especially when there is a large 5m candle right before said news as these are 90% of the time faded (great for scalping). Another trick is to pull up a smaller timeframe candle and set buys and sell limits above and below the consolidation (amateur move I know, but still makes money). Now that I have more experience though, I determine what wave we are in, and trade accordingly, and am most times IN a trade before the news confirms me. All I am saying is blanket statements don't apply in most things we go through in life. Most often they come from those who have failed, or find the task to trying, but for every failure there is often a success. You just have to find it. No offense intended or perceived.
Don't compare your trades to others. Most often the masses are the asses
  • #1,736
  • Jun 9, 2023 1:48pm Jun 9, 2023 1:48pm
I've been trading for close to 15 years now and while I've fallen off following various communities I've started reading the forums again. I saw that the new thing is prop firm trading so I set up a cheap high stakes account with 5ers to mirror my trades I make on my main account. 66% of the first challenge complete this week, lets see how it goes next week.
  • #1,737
  • Jun 12, 2023 10:02am Jun 12, 2023 10:02am
Weekly Forex Forecast Jube 12 - 16, 2023

Here is today's recording of the trading room session.

In today's trading room, Ruben analyzed the EURUSD and GBPUSD currency pairs, similar to the previous week. Currently, the price action indicates the formation of a support level, suggesting the potential for further upward movement.

As for XAUUSD (Gold) has been trading within a defined range, presenting an opportunity to identify and capitalize on extreme price movements within this significant sideways zone.

In the case of AUDUSD and USDCAD, there seems to be a promising opportunity for the week ahead, as both currency pairs experienced significant price movements, touching either a demand or supply zone in a rather forceful manner.

Furthermore, the US indices have been consistently gaining momentum, driven by advancements in artificial intelligence and efficiency within the technology sector. Moreover, inflation concerns are subsiding, contributing to the positive sentiment surrounding these indices.

Overall, these market observations suggest potential trading opportunities for various currency pairs and indices based on technical analysis and recent price action.


Top Traders Lectures, Contests, Gaming, and Beer this Saturday, June 17, in London Don't regret missing this event

Attached Image (click to enlarge)
Click to Enlarge Name: ftr_blog_ruben_d_copy_4-100 june 12.jpg Size: 163 KB
We are Forex traders - Come trade with us
  • #1,738
  • Jun 13, 2023 5:19am Jun 13, 2023 5:19am
Quoting Butters
{quote} So if I scale up to 500k and make 5% (25k) in two weeks, does the balance go back down to 500k after the 25k payout, or does the balance continue to grow (without you depositing more money)?
Have The5ers replied to your query yet ?
every Saint has a past. Every Sinner has a Future
  • #1,739
  • Jun 13, 2023 6:37am Jun 13, 2023 6:37am
Quoting turnip15
{quote} Have The5ers replied to your query yet ?
Nope.
Virtue signaling is for those who are devoid of actual virtue
  • #1,740
  • Jun 13, 2023 11:38am Jun 13, 2023 11:38am
Quoting Butters
{quote} Nope.
Hey Butters

Sorry I missed it

The max scale is $500K in the High Stakes program, and if you withdraw profit, the balance will go back down
We are Forex traders - Come trade with us
2 traders viewing now