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  • #17,501
  • Jul 6, 2023 12:03am Jul 6, 2023 12:03am
It is interesting your hard defense of 8cap. Blaming the trader for slippage. But it’s ok, we will get to the bottom of this for you sir. I will risk my wallet money to provide you the evidence you need.

I have used both 8cap and thinkmarkets to trade personal funds. They suck a lot. D tier brokers.

my preference is tickmill and icmarkets and my personal accounts trades prop firm size orders.

For my TFT account I will simulate their fake shit for you to show you their tiered slippage in the group settings during times when the market is liquid. Something that only happens on 8cap live when you deposit after you have made profit. Gotta claw those gains back sir.

You are literally ignoring hundreds of public reviews, screenshots and videos. If you dig deep enough you can find them. Especially from TFT. Hell Navk even updated their review on trustpilot recently about it.
  • #17,502
  • Jul 6, 2023 12:35am Jul 6, 2023 12:35am
Quote
News event trading is allowed in the MyFundedFX Trading Challenge and funding stage for News event trading provides traders with the opportunity to capitalize on volatility and price movements resulting from significant announcements, economic indicators, central bank decisions, and other news catalysts. It allows traders to adapt their strategies and take advantage of short-term trading opportunities that may arise during these events.

Quote
News event trading is allowed in all phases of the MyFundedFX Trading Challenge and Funded accounts.

However, if you are new to trading or even experienced please try and avoid these volatile times in the market. The reason we say this is because at these times price moves so fast and the spreads get so wide that sometimes price can hit your stop loss or take profit and not close. This has nothing to do with our Broker or MyFundedFX but is just one of the things that happens in the market due to the volatile movement, and is why we suggest you avoid these times. One wrong move and you can easily lose your account just from one trade so please be careful and be mindful of the Economic Calendar.

This is from MFFX FAQ, so there's no news restriction here? they just warn that volatility during news might cause loss that exeeding max DD limit, not losing account because of breaching news restriction rule
  • #17,503
  • Jul 6, 2023 12:43am Jul 6, 2023 12:43am
Quoting Jay3ast
{quote} {quote} This is from MFFX FAQ, so there's no news restriction here? they just warn that volatility during news might cause loss that exeeding max DD limit, not losing account because of breaching news restriction rule
Yep, no news restriction. They just make the usual common sense alert. You may be ripped off in slippage during news but it's at your own risk.
  • #17,504
  • Jul 6, 2023 12:46am Jul 6, 2023 12:46am
Another weed just popped up.

Looks like they offer nothing worth even looking at. Profit targets are 10% and 5% with a 4% daily drawdown and an 8% overall drawdown. Pricing sucks. Website gives me a migraine

No time limits and you guessed it, 8CRAP.

https://www.bbulltrade.com/
Pride always comes before destruction.... -Proverbs 16:18
  • #17,505
  • Jul 6, 2023 1:43am Jul 6, 2023 1:43am
Quoting Jay3ast
{quote} We may expect MFF will going unlimited as well in the near future
They have stated clearly numerous times in their discord that unlimited will never happen.

They will revamp their phases soon tho, extending them - hopefully doubling.
  • #17,506
  • Jul 6, 2023 1:44am Jul 6, 2023 1:44am
Quoting Expo33
Another weed just popped up. Looks like they offer nothing worth even looking at. Profit targets are 10% and 5% with a 4% daily drawdown and an 8% overall drawdown. Pricing sucks. Website gives me a migraine No time limits and you guessed it, 8CRAP. https://www.bbulltrade.com/
we can call this one stutteringbull
  • #17,507
  • Jul 6, 2023 2:56am Jul 6, 2023 2:56am
Quoting Jay3ast
{quote} We may expect MFF will going unlimited as well in the near future

i am funded with MFF and 5ers only

unlimited just give stress free for those who know what they are doing, with or without many will still fail the challenge
MY OPINION NOT FINANCIAL ADVISE
  • #17,508
  • Jul 6, 2023 5:46am Jul 6, 2023 5:46am
Quoting DeltaCapital
{quote} What broker you would suggest or think that prop firms should use?
Be patient I believe @Takisd might start a prop firm soon.
  • #17,509
  • Jul 6, 2023 5:57am Jul 6, 2023 5:57am
Quoting failinforex
{quote} Be patient I believe @Takisd might start a prop firm soon.
HAHAHAHA imagine me doing support with the people on twitter.

It would be like that restaurant where you go there for the wait staff to insult you.
  • #17,510
  • Jul 6, 2023 6:06am Jul 6, 2023 6:06am
Quoting Takisd
{quote} HAHAHAHA imagine me doing support with the people on twitter. It would be like that restaurant where you go there for the wait staff to insult you.
Karen’s Diner.
But why not just look at the profit we can harvest. Just set up some obscure rules and we are good to go.
  • #17,511
  • Jul 6, 2023 6:09am Jul 6, 2023 6:09am
Quoting failinforex
{quote} Karen’s Diner. But why not just look at the profit we can harvest. Just set up some obscure rules and we are good to go.
Have to think of some vague rules to make sure no one gets money.
  • #17,512
  • Jul 6, 2023 6:13am Jul 6, 2023 6:13am
Quoting Takisd
{quote} HAHAHAHA imagine me doing support with the people on twitter. It would be like that restaurant where you go there for the wait staff to insult you.
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  • #17,513
  • Jul 6, 2023 6:15am Jul 6, 2023 6:15am
Quoting failinforex
{quote} Karen’s Diner. But why not just look at the profit we can harvest. Just set up some obscure rules and we are good to go.
you can only enter or exit the trade 2 minutes before or after the red news
  • #17,514
  • Jul 6, 2023 6:18am Jul 6, 2023 6:18am
Quoting LehmanBrotha
{quote} you can only enter or exit the trade 2 minutes before or after the red news
Rule 1) If we think you are a danger to our capital, no refunds and no live account
  • #17,515
  • Jul 6, 2023 6:47am Jul 6, 2023 6:47am
The5ers:
Quote
Holding open trades over news is allowed. Executing orders 2 minutes before until 2 minutes after high-impact news news is not allowed.

Does a position that was placed long before the news, but hit TP or SL during the news event categorized as Executing order?
  • #17,516
  • Jul 6, 2023 6:55am Jul 6, 2023 6:55am
Quoting Jay3ast
The5ers: {quote} Does a position that was placed long before the news, but hit TP or SL during the news event categorized as Executing order?
In one of the telegram groups, they said yes, TP or SL during that 4 minute window will count as opening or closing and breach the account. When I inquired about trades that had been open for hours and clearly wasn't intending to trade news, they said 12+hrs was OK. Later in the day they said "a few hours". I'm not sure how few is too few though, seems 3 or more I guess? I would not do their 2 step "High Stakes" challenge because of this rule alone, it's too ambiguous. Bootcamp and Hyper Growth are simpler, but have a much higher profit target than max drawdown with a low leverage, so not a great value. Of the three plans, I like the Hyper Growth the best.
  • #17,517
  • Jul 6, 2023 7:26am Jul 6, 2023 7:26am
I hate when companies are this ambiguous. One always feel that the rule is there, handy, to be used if they want to kick us or deny payouts.

It seems the martingale, soft martingale and grid of Bespoke. Too unclear.

Alpha, for example, prevents martingale but they have a clear definition of what they think it's martingale.
  • #17,518
  • Jul 6, 2023 7:39am Jul 6, 2023 7:39am
Quoting pipmaster77
{quote} I've been trading with non-US brokers since 2014 and props since 2020, taxes are the least of my worries, I pay plenty of them. One of the reasons I've even started trading futures recently is due to the tax benefits. Definitely more concerned about my income coming to a halt.
Give me some hope buddy. I'm getting into the prop firms soon. You've been trading since 2014. Your bank roll hasn't grown enough since then that you don't "need" prop firm money? In my head, my future payouts will be funneled into other cashflow generating businesses/investments. Real estate, dividend stocks, anything.
  • #17,519
  • Jul 6, 2023 8:31am Jul 6, 2023 8:31am
Quoting beastwork
{quote} Give me some hope buddy. I'm getting into the prop firms soon. You've been trading since 2014. Your bank roll hasn't grown enough since then that you don't "need" prop firm money? In my head, my future payouts will be funneled into other cashflow generating businesses/investments. Real estate, dividend stocks, anything.
Trading with the offshores has become increasingly difficult over the years. I had the perfect risk mitigation system in place.......because of the high leverage, 75% of my trading bankroll could sit in my own bank, FDIC insured. The remaining 20-25% I had spread over 5 brokers. Therefore, not one broker had more than 5% of my capital.......broker goes bust, I lose 5%, some folks lose that or more on one trade!
In 2020, I discovered FTMO, my first prop, and it was pretty simple math.....for every $500 in trading capital, I could get $100K with 10% DD, so basically 20x my money. As more firms came along, most offers are even better....MFF is 12K for my $500.
I gradually phased out the offshores until my income was replaced and now I have ZERO of my own money at risk.
So it is not a matter of building a roll, it is a matter of getting 20x or more the value at a prop and not having any of your own money in play. Kind of what they call a "no brainer".
  • #17,520
  • Jul 6, 2023 8:35am Jul 6, 2023 8:35am
Can someone help me understand why my Sell stop this morning for the gold sell was moved?
It was set at 1924.32 then moved to 1920.77. What does deal even mean? this is the first time this has happened.
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