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  • #18,601
  • Aug 15, 2023 8:09am Aug 15, 2023 8:09am
Quoting Capablanca
{quote} What's small chunks for you Takisd ?
My biggest at e8 was 9k with max allocation.
  • #18,602
  • Aug 15, 2023 8:12am Aug 15, 2023 8:12am
Quoting Boulder
{quote} a few hundred k from them ? , that is amazing, you are top 1% trader in the world!!!
considering how many supposed traders there are top 1% is not really that great. I have a bit of a cemetery of failed accounts lately from various learning scenarios I am testing. I am way positive in terms of my return from prop firms but probably have like 40 failed accounts. I have maintained my FTMO and MFF accounts though and i do not trade very much with them like 2-3 trades a month or less. The others I have been using as like testing for some models I am trying to use to solve a problem I can't solve and its resulting in some money some losses some break evens and ultimately boredom.
  • #18,603
  • Aug 15, 2023 8:17am Aug 15, 2023 8:17am
Quoting Takisd
{quote} My biggest at e8 was 9k with max allocation.
9K, by $250K account is 3.6% gain, by $200K is 4.5% and by $100K account is 9%. ( kind of doubt its $100K accounts).
Learn from this top prop trader,, ... no greed but consistent profit ..
  • #18,604
  • Aug 15, 2023 8:27am Aug 15, 2023 8:27am
Quoting Takisd
{quote} considering how many supposed traders there are top 1% is not really that great. I have a bit of a cemetery of failed accounts lately from various learning scenarios I am testing. I am way positive in terms of my return from prop firms but probably have like 40 failed accounts. I have maintained my FTMO and MFF accounts though and i do not trade very much with them like 2-3 trades a month or less. The others I have been using as like testing for some models I am trying to use to solve a problem I can't...
what problem?
  • #18,605
  • Aug 15, 2023 8:52am Aug 15, 2023 8:52am
Quoting Boulder
{quote} what problem?
I am trying to solve a problem related to prop firms and their viability from an order flow perspective. So basically what I am doing is creating noise data on some demo accounts imitating retail traders trading, then trying to use learning to turn it into profitable trades.

I have had some luck but nothing worth knocking on a prop firms door and saying give me a few mill to buy this from me. Mostly the result is highly unpredictable which has lead to a bunch of failed accounts as well as some profits. Usually I will pass the accounts manually and use it on live to avoid any fake price feeds.

I know a solution exists as i have seen one working but i might just not be smart enough to solve it myself.
  • #18,606
  • Aug 15, 2023 8:53am Aug 15, 2023 8:53am
Since subtopic atm being real about trading experiences. I can say Ive tested alot of systems which I felt fit my style throughout the years. Something I noticed at least with what I trade mostly. Is how markets constantly change. I knew about that since the start few years ago. But I dont think one truly grasped it. Since the markets constantly change and seem to have periods of similar behavior. When that behavior change in the market, thats when the system you are used too sometimes for weeks even month and suddenly think will work finally through all rough waters just then breaks like a window.

Theres a saying in trading by "pros" its easy to get in profit. The difficult part is to get out of traders and time it perfectly. Thats what I notice now. Some markets might be easier to trade in which I personally wont touch like Oil and Gold. Some make good living before at least just trading oil.
But even so. Its as if one must have a core system. Then be able to adapt that very quickly and to see if any changes happens to the market from how it used to behave since months. Mentally I think thats tough for many. Since to even stick one system is kinda alot of work and then to constantly change it becomes too much for most that 99%. This is why self proclaimed Trading Gurus, and all such are worthless in end since it requires massive chart time and understanding oneself in depth in the specific market to adapt to those changes. Which most dont realize and just pump cash into the market. Or they just try to abuse the prop firms with hit and run.

So my guess is that the Pros got various templates for different market behaviors which self proclaimed trading gurus never mentions"since i doubt they would be wannabe gurus if they were profitable in the long run." those I watched at least the more I learn now. But again I could wrong since im a newbie. My two cents apologize for the long post.
  • #18,607
  • Aug 15, 2023 9:54am Aug 15, 2023 9:54am
its quiet unfortunate that i lost my live account of my forex funds 5k today
i believe that the stop loss level was set below 250 $ how it went to 263 $ i don't know
may be my indicator averaged down i don't know what's the reason
but now i will keep this in mind as well if you have multiple positions count the multiple stop losses and add them manually
don't rely on indicator to tell you the total stop loss amount,, may be the indicator just averaged down the stop loss amount as the positions were opened at different prices and at different times..

if i am good at trading and deserve something then i will do good with my 2 more live accounts of 10k each
although both of them are currently below initial balance..
also for e8 i have to make again 15k profit in order to pass phase1, i was close to just make 1k and pass phase1 and now dropped to like make 15k to pass

trading is a very stressful business and believe me market will never allow you to build a system that you can believe on
the market literally can move like anything anytime.. whoever are making money in this market making just because of money management and their quick decision making and not sticking to any direction..

every bad trade, every lost account, every profits that you make that again taken back by the market
all these things gets print in your mind and effect your psychology
trading is not easy
  • #18,608
  • Aug 15, 2023 10:16am Aug 15, 2023 10:16am
Quoting genuine007
its quiet unfortunate that i lost my live account of my forex funds 5k today i believe that the stop loss level was set below 250 $ how it went to 263 $ i don't know may be my indicator averaged down i don't know what's the reason but now i will keep this in mind as well if you have multiple positions count the multiple stop losses and add them manually don't rely on indicator to tell you the total stop loss amount,, may be the indicator just averaged down the stop loss amount as the positions were opened at different prices and at different times.....
What time did your trade close? There was news today that moved the market a lot.
  • #18,609
  • Edited 11:46am Aug 15, 2023 10:37am | Edited 11:46am
Quoting Takisd
{quote} I am trying to solve a problem related to prop firms and their viability from an order flow perspective. So basically what I am doing is creating noise data on some demo accounts imitating retail traders trading, then trying to use learning to turn it into profitable trades. I have had some luck but nothing worth knocking on a prop firms door and saying give me a few mill to buy this from me. Mostly the result is highly unpredictable which has lead to a bunch of failed accounts as well as some profits. Usually I will pass the accounts manually...
[/b]

Long time ago, I have been part of the bucket shop and we placed trades opposite retail traders and won large. The traders orders never even went to the markets. Just thinking aloud here..so you are trying to go against retail traders? Solution exists? Who has that solution?
  • #18,610
  • Aug 15, 2023 11:26am Aug 15, 2023 11:26am
Quoting genuine007
its quiet unfortunate that i lost my live account of my forex funds 5k today i believe that the stop loss level was set below 250 $ how it went to 263 $ i don't know may be my indicator averaged down i don't know what's the reason but now i will keep this in mind as well if you have multiple positions count the multiple stop losses and add them manually don't rely on indicator to tell you the total stop loss amount,, may be the indicator just averaged down the stop loss amount as the positions were opened at different prices and at different times.....
The hardest way to make easy money.
  • #18,611
  • Aug 15, 2023 11:54am Aug 15, 2023 11:54am
Quoting driven18
{quote}[/b] Long time ago, I have been part of the bucket shop and we placed trades opposite retail traders and won large. The traders orders never even went to the markets. Just thinking aloud here..so you are trying to go against retail traders? Solution exists? Who has that solution?
You can't trade against traders and make money due to spread. Its a fallacy. The only way to trade against traders as a bucketshop is to fuck up their trades when they take them so to make them lose.

There are some methods that involves picking out worthy flow (so flow that has a longer hold time) and then using it to make more on the same position.
  • #18,612
  • Edited 1:03pm Aug 15, 2023 12:04pm | Edited 1:03pm
Quoting Takisd
{quote} You can't trade against traders and make money due to spread. Its a fallacy. The only way to trade against traders as a bucketshop is to fuck up their trades when they take them so to make them lose. There are some methods that involves picking out worthy flow (so flow that has a longer hold time) and then using it to make more on the same position.
Traders worked onsite the shop, as shop had nice "sizzle", beautiful large screens with Forex Pricing, latest computers for tinkering with indicators, etc.. Traders were submitting trading tickets to the "broker" window. Traders were paid when they closed profitable positions(they brought closing order tickets to the window), but almost all eventually lost money, same stats 90-95% are losers. That was the only modis oprandi of this shop. Orders never went to the markets. It closed with more then few Mln in profit few years later. I will leave it at that.
  • #18,613
  • Edited 1:13pm Aug 15, 2023 1:01pm | Edited 1:13pm
Quoting Takisd
{quote} You can't trade against traders and make money due to spread. Its a fallacy. The only way to trade against traders as a bucketshop is to fuck up their trades when they take them so to make them lose. There are some methods that involves picking out worthy flow (so flow that has a longer hold time) and then using it to make more on the same position.
What % of prop volume would you say is completely useless due to trade size being non-executable live? Dow mini CME futures only has around 10-15 contracts (50-75 MFF lots) 2-3 market depth levels deep during US session. What do they do with a >200 lot u30 trade?
  • #18,614
  • Aug 15, 2023 1:11pm Aug 15, 2023 1:11pm
Quoting driven18
{quote} Traders worked onsite the shop, as shop had nice "sizzle", beautiful large screens with Forex Pricing, latest computers for tinkering with indicators, etc.. Traders were submitting trading tickets to the "broker" window. Traders were paid when they closed profitable positions(they brought closing order tickets to the window), but almost all eventually lost money, same stats 90-95% are losers. That was the only modis oprandi of this shop. Orders never went to the markets. It closed with more then few Mln in profit few years later. I will...
Sounds like vantagefx.
  • #18,615
  • Aug 15, 2023 1:12pm Aug 15, 2023 1:12pm
Quoting CableJ
{quote} What % of prop volume would you say is completely useless due to trade size being non-executable live? Dow mini CME futures only has around 10-15 contracts (50-75 MFF lots) 2-3 market depth levels deep during US session. What do they do with >200 lot u30 trade?
Anything that has a trade time under like 5 minutes.

Spot CFD liquidity has more depth as the Liquidity providers are market makers. But if you start sending them heaps of short term flow (less than 5 minutes) they will tell you to take a hike because that flow is useless.
  • #18,616
  • Aug 15, 2023 7:50pm Aug 15, 2023 7:50pm
Quoting Capablanca
Just a bit update from my side: 1. MFFx -> I've already received the 4th payout. Despite being an 8crap, so far so good. Payouts in Deel the day after (unfortunately no crypto payouts available). They have one of the best payout processes (if not the best) because we request the payout, that is immediately deducted from the account and we can go on trading without interruptions. 2. FXIFY -> 3rd payout received. The first one is requested immediately after we close the first trade, if that's positive. They pay in Deel the next business day. 3. Alpha...

Curious, did you receive 5ers payout yet and what program within 5ers is this for?
  • #18,617
  • Aug 15, 2023 8:46pm Aug 15, 2023 8:46pm
Quoting Capablanca
Just a bit update from my side: 1. MFFx -> I've already received the 4th payout. Despite being an 8crap, so far so good. Payouts in Deel the day after (unfortunately no crypto payouts available). They have one of the best payout processes (if not the best) because we request the payout, that is immediately deducted from the account and we can go on trading without interruptions. 2. FXIFY -> 3rd payout received. The first one is requested immediately after we close the first trade, if that's positive. They pay in Deel the next business day. 3. Alpha...
Bro thank you for the update. Specially the one with FXIFY. I passed phase 2 days ago and just finally received the live account today. Happy to see they are legitimate and pays out on demand fr.
  • #18,618
  • Aug 15, 2023 10:50pm Aug 15, 2023 10:50pm
CURRENT STATS OF ACCOUNTS
the funded trader = out in 1st phase
my forex funds = out in live account without any payout and refund
true forex funds = current balance = 9,835 < 10,000 initial balance by 165
smart prop trader = current balance = 9,964 < 10,000 initial balance by 36
e8 funding = 1st phase = current balance = 2,55,819 < 20,000 profit target by 14,181
  • #18,619
  • Aug 16, 2023 12:35am Aug 16, 2023 12:35am
From MFF

hello @everyone!
Some great news for you all.
With the data we have received from our traders the last month and a few additional fixes we are happy to announce that** WE WILL NO LONGER BE RAISING OUR EVALUATION PRICES.
**
We did receive a lot of feedback on this but also after evaluating the data we see that we can make it work and so that is the route we will take.
We will continue to offer our evaluation to the public at the same prices for the foreseeable future. More to come soon.
Happy trading!
  • #18,620
  • Aug 16, 2023 12:57am Aug 16, 2023 12:57am
Quoting Capablanca
From MFF hello @everyone! Some great news for you all. With the data we have received from our traders the last month and a few additional fixes we are happy to announce that** WE WILL NO LONGER BE RAISING OUR EVALUATION PRICES. ** We did receive a lot of feedback on this but also after evaluating the data we see that we can make it work and so that is the route we will take. We will continue to offer our evaluation to the public at the same prices for the foreseeable future. More to come soon. Happy trading!
wooooooooooooooooooooooooooooah! gives me another reason to not try other firms until maxout (Unless a Monstrous discount is yet to be offered by other firms).
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hedgehog282