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  • #18,621
  • Aug 16, 2023 3:11am Aug 16, 2023 3:11am
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!

Apparently fail rate did not change. Making almost 100% remains difficult.
  • #18,622
  • Aug 16, 2023 3:25am Aug 16, 2023 3:25am
Quoting JosephBud
{quote} Curious, did you receive 5ers payout yet and what program within 5ers is this for?
I'm in the High Stakes (2 phases). Didn't receive the payout yet.
They say somewhere (I can't remember where) that payouts can take a week, despite in the submission n they say 24 to 48 hours. Let's see.
  • #18,623
  • Aug 16, 2023 3:25am Aug 16, 2023 3:25am
Quoting KoyaAndy18
{quote} 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.
Try to make a tiny profit and request it to receive the refund. Then you can free ride them.
  • #18,624
  • Aug 16, 2023 3:30am Aug 16, 2023 3:30am
FTMO recouped funds that were lost on autoclose due to their platform mistake. Fair game.

Great news for MFF not increasing prices. I'll be focusing on MFF/FTMO maxing.
  • #18,625
  • Aug 16, 2023 9:17am Aug 16, 2023 9:17am
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 solve and its...
I see you are not trading often with e8, do you do the same with FTMO and MFF?
I just wonder how you handle your prop accounts.
Are you the trader who trades 1 lot and catch 80% of the move, or 10 lots and catches 1/8th of the move? what is your preference?
  • #18,626
  • Aug 16, 2023 9:30am Aug 16, 2023 9:30am
Quoting Boulder
{quote} I see you are not trading often with e8, do you do the same with FTMO and MFF? I just wonder how you handle your prop accounts. Are you the trader who trades 1 lot and catch 80% of the move, or 10 lots and catches 1/8th of the move? what is your preference?
my MFF and FTMO account is the same as my live accounts. Usually I am trading on a blank day towards the end of the month, I wait for a trade, I take it and I close what the market gives me I do not risk much, but collectively can make plenty as I do not have great ambitions from trading.. I don't do all these RR measurements and other things traders seem to do these days. Capital preservation is the only thing i am interested in with those accounts. Any other prop firm i have I am testing things, risking too much. Trying to prove that its possible to scalp successfully over the long term (failed at this quite a few times with companies like TFT and finotive.
Originally I was trading both FTMO and MFF accounts really heavily with momentum trading but i have health issues so i can't spend that much time sitting in one place and trying to avoid being eaten by the market. I am ultimately retired with some contract work here and there and I could survive just fine if i took all the money form my accounts and kept it until i died but trading has been in my life too long now. The addiction is real.
  • #18,627
  • Aug 16, 2023 9:42am Aug 16, 2023 9:42am
FXIFY update. Their first payout on demand is really fast, its faster than MFF (after waiting for the 14th day, i have to wait for another day or 2 on MFF).
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  • #18,628
  • Edited 10:48am Aug 16, 2023 9:53am | Edited 10:48am
Quoting Takisd
{quote} my MFF and FTMO account is the same as my live accounts. Usually I am trading on a blank day towards the end of the month, I wait for a trade, I take it and I close what the market gives me I do not risk much, but collectively can make plenty as I do not have great ambitions from trading.. I don't do all these RR measurements and other things traders seem to do these days. Capital preservation is the only thing i am interested in with those accounts. Any other prop firm i have I am testing things, risking too much....
Thanks for your reply about trading..I can use the advice.....regarding health, I hope you get better soon....
  • #18,629
  • Aug 16, 2023 3:42pm Aug 16, 2023 3:42pm
Quoting Takisd
I am withdrawing my support for e8 now. I have received a few hundred K total from them since i passed them ages ago, but i took it in small chunks. I have seen their decline, I see their reactions in public and I don't think they are long for this world anymore. I will stop also paying attention to my remaining accounts with them. This is what a prop firm death looks like. Which is a pity because they used to be in my top 4 and to be frank it was not one i expected to go this way. There is a potential redemption arc like trueforexfunds but with...
congratulations and good effort,

out of interest who is in your top 4 prop firms please?

thanks
  • #18,630
  • Aug 16, 2023 3:54pm Aug 16, 2023 3:54pm
Quoting Monkeyboy1
{quote} congratulations and good effort, out of interest who is in your top 4 prop firms please? thanks
Other than FTMO and MFF i dont know anymore. Maybe trueforexfunds is there but they have a dodgy past and US red list.
  • #18,631
  • Aug 16, 2023 4:52pm Aug 16, 2023 4:52pm
Quoting Boulder
{quote} a few hundred k from them ? , that is amazing, you are top 1% trader in the world!!!
Don't believe everything you read on internet.
  • #18,632
  • Edited 5:49pm Aug 16, 2023 5:38pm | Edited 5:49pm
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!
Translation... there will be no price increase because we have discovered that even more traders are failing evaluations without the time pressure to yolo and gamble @ end of time period, so fewer traders are getting lucky @ the last moment either hitting the target or getting back above BE for a free reset.
  • #18,633
  • Aug 16, 2023 5:47pm Aug 16, 2023 5:47pm
Quoting Takisd
{quote} my MFF and FTMO account is the same as my live accounts. Usually I am trading on a blank day towards the end of the month, I wait for a trade, I take it and I close what the market gives me I do not risk much, but collectively can make plenty as I do not have great ambitions from trading.. I don't do all these RR measurements and other things traders seem to do these days. Capital preservation is the only thing i am interested in with those accounts. Any other prop firm i have I am testing things, risking too much. Trying to prove that its...
Josh @ MFF mentioned in the past that their 2 longest account holders barely trade every month. They trade outside the news periods before NFP or last 2 weeks of month, take 1-3 trades and they are done. You must be one of the traders he was describing.
  • #18,634
  • Aug 16, 2023 6:26pm Aug 16, 2023 6:26pm
** WE WILL NO LONGER BE RAISING OUR EVALUATION PRICES. **

For a prop getting crushed under the number and weight of competition, this sure is a lame effort. Pass.
  • #18,635
  • Aug 17, 2023 2:18am Aug 17, 2023 2:18am
Quoting OutThere
{quote} Don't believe everything you read on internet.
Oh, you're still here.
  • #18,636
  • Aug 17, 2023 2:19am Aug 17, 2023 2:19am
Quoting CableJ
{quote} Translation... there will be no price increase because we have discovered that even more traders are failing evaluations without the time pressure to yolo and gamble @ end of time period, so fewer traders are getting lucky @ the last moment either hitting the target or getting back above BE for a free reset.
They already stated they expect higher failure rate from unlimited due to less people last minute going all in.
  • #18,637
  • Aug 17, 2023 2:26am Aug 17, 2023 2:26am
Quoting Takisd
{quote} They already stated they expect higher failure rate from unlimited due to less people last minute going all in.
Yea I know, I posted the discussion from discord about it here. I just found it funny how the statement was phrased.
  • #18,638
  • Aug 17, 2023 2:30am Aug 17, 2023 2:30am
Quoting CableJ
{quote} Yea I know, I posted the discussion from discord about it here. I just found it funny how the statement was phrased.
If more people are sitting on the server it costs more to maintain server stability so perhaps they were predicting higher costs due to unlimited time.
  • #18,639
  • Aug 17, 2023 2:33am Aug 17, 2023 2:33am
is MFF b booking people all the time? Aren't they making profit at all when you make profit?
  • #18,640
  • Aug 17, 2023 2:50am Aug 17, 2023 2:50am
Quoting KoyaAndy18
is MFF b booking people all the time? Aren't they making profit at all when you make profit?
I dont think anyone knows the actual answer to this but i have seen in their discord they say they do trade, but its not the whole copy my trades dream people think. Abook is a losing strategy because you are betting on past results to replicate themselves. What if Joe smith comes home and trades their prop account drunk?
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