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  • #17,561
  • Jul 7, 2023 12:07am Jul 7, 2023 12:07am
Just use 0.01 lots. Hahahahaha. Yes and grid. You will get there some time.
  • #17,562
  • Jul 7, 2023 12:33am Jul 7, 2023 12:33am
Sent a message to support at The Funded Trader 4 days ago asking them to send me my competition credentials. No response for 48 hours so I sent them another message and again no response for 48 hours. No big deal. Who doesn't love to overleverage with no risk? Me me me.

Anyways, I just got an email from them asking me to rate their support from my "recent" interaction.

Um, what do they want me to say? On a scale of 1 to 5 how about it was nonexistent?
Pride always comes before destruction.... -Proverbs 16:18
  • #17,563
  • Jul 7, 2023 12:54am Jul 7, 2023 12:54am
Quoting Expo33
Sent a message to support at The Funded Trader 4 days ago asking them to send me my competition credentials. No response for 48 hours so I sent them another message and again no response for 48 hours. No big deal. Who doesn't love to overleverage with no risk? Me me me. Anyways, I just got an email from them asking me to rate their support from my "recent" interaction. Um, what do they want me to say? On a scale of 1 to 5 how about it was nonexistent?
Can't wait to buy an account with them and trade 0.01's
  • #17,564
  • Jul 7, 2023 2:30am Jul 7, 2023 2:30am
Quoting KoyaAndy18
{quote} bro my strategy doesn't use martingale, so are they gonna be decent prop firm if one trade without martingale? or are there any popular reasons they deny to pay their traders?
you're referring to Alpha or 5ers ?
  • #17,565
  • Jul 7, 2023 2:38am Jul 7, 2023 2:38am
Quoting navk
{quote} I understand his point of view regarding lot size. And I agree fully to your post here. After blowing funded accounts, I have now reduced a lot in lot sizing... which if fetches 0.03 to 0.5 % a day, I would be extremely happy. I would aim max 0.5 to 0.7 % in a funded account per account ( For 2 x 100 k accounts ) One can have 3 to 5 nos 100k account. ( In this case, I would aim max 0.3 to 0.5 % per account in a day
I always get confused when you guys talk about % of risk because in props there is 2 ways of looking into it.

Let's say you say 1% in a 100K account with a 10K max loss.

Do you mean 1% of 100K, which is 1K, which is 10% of the total 10K DD ?
Or you mean 1% of the 10K DD which is 100 USD ? (0.1% of account size)
  • #17,566
  • Jul 7, 2023 2:41am Jul 7, 2023 2:41am
Quoting Expo33
Sent a message to support at The Funded Trader 4 days ago asking them to send me my competition credentials. No response for 48 hours so I sent them another message and again no response for 48 hours. No big deal. Who doesn't love to overleverage with no risk? Me me me. Anyways, I just got an email from them asking me to rate their support from my "recent" interaction. Um, what do they want me to say? On a scale of 1 to 5 how about it was nonexistent?
I got a payout from them this week, so I can certify that someone is still working there, assuming it was not a robot
  • #17,567
  • Jul 7, 2023 3:29am Jul 7, 2023 3:29am
Quoting pipmaster77
{quote} Yes, trading small simply to avoid a scammish broker/prop firm slipping you is definitely not the best option. However, when one takes on less risk, the chances of this happening are obvioulsy much less. I believe that is the point OutThere was making. If one is trading where the max daily DD will be violated with a 50 pip move, yes, you need to be very selective with not only the firm, but also the instrument, time of day, upcoming news, etc, etc...... On the other side, that same trade with the 50 pip stop is going to pass phase 1 with...

Yes, this is exactly my strategy. Got bankroll and take each challenge as one trade, or one scenario, or one two days swing. The good point is my risk is Diversified and I don't depend on one account . It's good strategy if u are inpatient and not good with dealing with longer drawdowns. So basically my trading is like joining poker table with short stack and doing all in bets. My bankroll is under control all the time and safe I decide how much invest choose account , but my goal is not build anything extra it is rather risk-reward oone time situation. I know that I pay 50-100 $ for one challenge (10k) and out of 10 challenges I get paid with half of them. Average withdrawal is 10x what I paid and that is it.
  • #17,568
  • Edited 4:31am Jul 7, 2023 4:20am | Edited 4:31am
Quoting Capablanca
{quote} I always get confused when you guys talk about % of risk because in props there is 2 ways of looking into it. Let's say you say 1% in a 100K account with a 10K max loss. Do you mean 1% of 100K, which is 1K, which is 10% of the total 10K DD ? Or you mean 1% of the 10K DD which is 100 USD ? (0.1% of account size)
1 % dd, I mean 1 % of account capital 100 k which is 1000 dollars
Intraday only.
  • #17,569
  • Jul 7, 2023 4:33am Jul 7, 2023 4:33am
Quoting Capablanca
{quote} I always get confused when you guys talk about % of risk because in props there is 2 ways of looking into it. Let's say you say 1% in a 100K account with a 10K max loss. Do you mean 1% of 100K, which is 1K, which is 10% of the total 10K DD ? Or you mean 1% of the 10K DD which is 100 USD ? (0.1% of account size)

you dont own the 1000k you only own the max DD
your 1% come from your maxx DD
MY OPINION NOT FINANCIAL ADVISE
  • #17,570
  • Jul 7, 2023 4:36am Jul 7, 2023 4:36am
Hi everyone,
I am currently trading a scalping strategy that is profitable, the only issue I'm having is getting smashed with fees.
I am currently doing an MyfundedFX $50K challenge am up just over 1% after a few days (a bit under $600).
Looking in my history on just trades alone (without fees and spreads etc) profit would be $1100.
My average trade is R:R 2:1 risking anywhere from 1-3 pips at 0.2% per trade and winning 2-6 pips 0.4% per trade. Lot sizes averages around 1.5-4 lots
My question is..... who is the best prop first for fees and spreads? where I can scalp and still keep a decent amount of my profits.
I would much rather trade futures due to tight spreads and low fees, but it's harder to get exact Risk % as you can only trade full lots.
TIA for any advice
  • #17,571
  • Jul 7, 2023 4:48am Jul 7, 2023 4:48am
Quoting den83c
Hi everyone, I am currently trading a scalping strategy that is profitable, the only issue I'm having is getting smashed with fees. I am currently doing an MyfundedFX $50K challenge am up just over 1% after a few days (a bit under $600). Looking in my history on just trades alone (without fees and spreads etc) profit would be $1100. My average trade is R:R 2:1 risking anywhere from 1-3 pips at 0.2% per trade and winning 2-6 pips 0.4% per trade. Lot sizes averages around 1.5-4 lots My question is..... who is the best prop first for fees and spreads?...

cryptofundtrader.com

I tried their demo. spread on eur/usd is 0, xau/usd 8 cents, SP500 0.4.
Commission $3/lot;indices no commission.
  • #17,572
  • Jul 7, 2023 5:08am Jul 7, 2023 5:08am
Quoting wmwmw
{quote} cryptofundtrader.com I tried their demo. spread on eur/usd is 0, xau/usd 8 cents, SP500 0.4. Commission $3/lot;indices no commission.
no, and here is why
https://www.forexfactory.com/thread/...8#post14485538

We have already been there.


Quoting den83c
Hi everyone, I am currently trading a scalping strategy that is profitable, the only issue I'm having is getting smashed with fees. I am currently doing an MyfundedFX $50K challenge am up just over 1% after a few days (a bit under $600). Looking in my history on just trades alone (without fees and spreads etc) profit would be $1100. My average trade is R:R 2:1 risking anywhere from 1-3 pips at 0.2% per trade and winning 2-6 pips 0.4% per trade. Lot sizes averages around 1.5-4 lots My question is..... who is the best prop first for fees and spreads?...
check Alpha Capital - no commissions and spreads are fine.
  • #17,573
  • Jul 7, 2023 5:28am Jul 7, 2023 5:28am
Quoting den83c
Hi everyone, I am currently trading a scalping strategy that is profitable, the only issue I'm having is getting smashed with fees. I am currently doing an MyfundedFX $50K challenge am up just over 1% after a few days (a bit under $600). Looking in my history on just trades alone (without fees and spreads etc) profit would be $1100. My average trade is R:R 2:1 risking anywhere from 1-3 pips at 0.2% per trade and winning 2-6 pips 0.4% per trade. Lot sizes averages around 1.5-4 lots My question is..... who is the best prop first for fees and spreads?...
Yep had issues with this on FX. You may be able to trade metals/indices comm free with some firms? Although you'll have to get over a wider spread...
  • #17,574
  • Edited 6:25am Jul 7, 2023 5:37am | Edited 6:25am
Quoting LehmanBrotha
{quote} no, and here is why https://www.forexfactory.com/thread/...8#post14485538 We have already been there. {quote} check Alpha Capital - no commissions and spreads are fine.

1. He asks for cheapest commission and fee. And your reply has nothing to do with commission and fee.

2. Your problems with their 2 rules are not problems with most traders.
30 seconds rule:
most traders won't finish a trade within 30 seconds;

$10000 profit limit for one trade or one day:
break one trade into 2 or more trades: suppose you place a trade to buy spx500 at 4410 and sell at 4420, the estimated profit is $10000. Then buy at 4410 and sell at 4415 and buy it again immediately at 4415, and sell at 4420.
Their highest challenge is 200k. If you buy a 100k challenge, then $10000 is 10%. That means as long as you don't make 10% in one day, you will be fine. Most traders won't try finishing challenge in one day.
I understand some traders don't like their rules but for most traders they offer great value with their unlimited time challenge and significantly lower fee compared with their competitors.(Their unlimited time challenge fee is comparable to other firm's 2 phases challenge fee.)

Alpha Capital? That firm is a real estate company.
  • #17,575
  • Jul 7, 2023 5:39am Jul 7, 2023 5:39am
Quoting Capablanca
{quote} you're referring to Alpha or 5ers ?
no, bespoke. you mentioned to me last time one of your buddies in this sub was not paid due to him using grid system. but im not using those kind of systems.
  • #17,576
  • Jul 7, 2023 6:07am Jul 7, 2023 6:07am
Quoting wmwmw
{quote} 1. He asks for cheapest commission and fee. And your reply had nothing to do with commission and fee.
I offered a superior broker choice solution. Literally no commissions and great spreads.
  • #17,577
  • Jul 7, 2023 6:25am Jul 7, 2023 6:25am
Quoting KoyaAndy18
{quote} no, bespoke. you mentioned to me last time one of your buddies in this sub was not paid due to him using grid system. but im not using those kind of systems.
I guess you should be fine, then, unless you open 3 positions at the same time, same instrument. If you do make sure that is not under grid or martingale rule. I can't help you there because they interpretation varies a lot for what I see in telegram. I don't like this kind of ambigous.

If you just open 2 positions and the 2nd is always smaller than the first, then I would say they have nothing to pick against you.
  • #17,578
  • Jul 7, 2023 7:10am Jul 7, 2023 7:10am
got it, i consistently open 1 trade at a time so i think im good. also they are offering giveaways. as of the moment, im just trying to win a free challenge from them lmao. discord people are kinda friendly and never seen them to be rude to anyone. still lurking in on their discord tho.
  • #17,579
  • Jul 7, 2023 7:56am Jul 7, 2023 7:56am
anyone hit the discords and telegrams for some non-farm payroll slippage entertainment.......what a scam!!!!my order got slipped by 30 pips at 8:30 for no reason!!!!my account is violated!!!!!
  • #17,580
  • Jul 7, 2023 8:12am Jul 7, 2023 8:12am
First day of my merged 200k funded account.

As I was mentioning before...a spike was expected...and it did happen.

I shorted that spike to make this money
Attached Image (click to enlarge)
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Intraday only.
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