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  • #19,001
  • Aug 25, 2023 7:36pm Aug 25, 2023 7:36pm
Quoting Takisd
I have a random AI idea I might use on fxify. It passed 6 ftmo demos so far perhaps i will go there to test it as "live" before actually put it on live money.
Let us know how your AI idea goes Takisd, I tried a couple of things with AI but my coding knowledge was not good enough to "tidy" up the basic code.
cheers and good luck with it.

maahome
  • #19,002
  • Aug 25, 2023 8:03pm Aug 25, 2023 8:03pm
Quoting Boulder
{quote} The math behind a $250k / year day trading - $20.8k / month - avg $1.1k / Trading day The math behind a $100k / year day trading - $8.3k / month - avg $415 / Trading day You don't need to be greedy in prop trading, you can make a very good living like your friends working in corp.
To take this one step further, based on 1% weekly and an 85% split, funding required to earn:

500K/yr 1.131 mil
250K/yr 565 K
100K/yr 226 K

Obviously, you can adjust based on if you are able to earn more or less than 1%. The takeaway here, though, is even if you earn 0.5% weekly, you can earn half a mil per year with a bit over 2 mil in funding.
Even if you didn't wish to start small and reinvest, for an outlay of around 9K and earning 0.5% per week would earn you 500K per year.
Talk about ROI
  • #19,003
  • Aug 25, 2023 8:37pm Aug 25, 2023 8:37pm
Quoting pipmaster77
{quote} To take this one step further, based on 1% weekly and an 85% split, funding required to earn: 500K/yr 1.131 mil 250K/yr 565 K 100K/yr 226 K Obviously, you can adjust based on if you are able to earn more or less than 1%. The takeaway here, though, is even if you earn 0.5% weekly, you can earn half a mil per year with a bit over 2 mil in funding. Even if you didn't wish to start small and reinvest, for an outlay of around 9K and earning 0.5% per week would earn you 500K per year. Talk about ROI
Roi would be even higher if you pass all the challenges, with fee refund, basically it’s free ride.
  • #19,004
  • Aug 25, 2023 8:44pm Aug 25, 2023 8:44pm
Quoting Boulder
{quote} Roi would be even higher if you pass all the challenges, with fee refund, basically it’s free ride.
True. Even better spend like $250 on a 50K, make 5% get $2,250 split + refund, buy 2*200K, make 2% and buy the remaining 8* 200K. Initial outlay $250
  • #19,005
  • Aug 25, 2023 10:46pm Aug 25, 2023 10:46pm
Quoting navk
{quote} I will now stop stacking prop accounts by buying new challenges. This FXIFY is the last. I have now 1x200 with MFF, 1X 100 with FTMO, 1 X 100 with myfundedfx , 1 x100 with FXIFY ( THis one phase 1 complete and will have to complete phase 2 ) With this I will go on trading accounts until i earn 200 to 300 bucks per 100k in a day. I want to enusre I go on the path towards scaling. FXIFY scaling is very attractive.
but if you are good at passing and you are very good at trading
then why are you stopping now?? this is just 500k live funding which is just say 50k only to play with may be if you are very good at trading you will make 25k to 50k profit means you are gainning 50% or 100% a month of what you have given to play..
i have seen on youtube there are people who have like 2 millions in funding, 5 millions in funding, 10 millions in funding
  • #19,006
  • Aug 25, 2023 11:33pm Aug 25, 2023 11:33pm
Quoting genuine007
{quote} but if you are good at passing and you are very good at trading then why are you stopping now?? this is just 500k live funding which is just say 50k only to play with may be if you are very good at trading you will make 25k to 50k profit means you are gainning 50% or 100% a month of what you have given to play.. i have seen on youtube there are people who have like 2 millions in funding, 5 millions in funding, 10 millions in funding
Why do you trust people on youtube is my question whos purpose is to trick people to get views. Go back into the thread if you want to learn why higher accounts are risky its been iterated over and over and warned by many people about what happens and how those who are below the radar manage to do well. Dont let greed rule you it will crush you in the end like a fly. Common sense.
  • #19,007
  • Edited 11:54pm Aug 25, 2023 11:42pm | Edited 11:54pm
Quoting maahome
{quote} Let us know how your AI idea goes Takisd, I tried a couple of things with AI but my coding knowledge was not good enough to "tidy" up the basic code. cheers and good luck with it. maahome
If someone succeeds with AI and trading. Without having to monitor it constantly probably more than normal trading. Then he would probably be one in a million. Especially with the currency market if thats the AI trading range. But even with more stable markets AI trading is just not worth it for the normal person. But with the latest AI technology becoming available to public GPL and such could make it interesting. But even then its unreliable on its own. Look into HFT bot traders in start of 2000s and up until now and see what the so called pros did and got issues with.

Some guy even controlled 2% of the whole options market in US at one point just using HFT AI technology more than decade ago with his company. Which was bit more advanced than whats possible with Metatrader. But even so they always had to monitor the AI even to this day. This is why they still need human traders since AI still cannot surpass humans in trading. At least from the info we are given. In theory one should be able to deep train AI with specific patterns to fit and change to current markets. But this is not something one can do with Metatrader really Would require alot of resources and knowledge too and time. To deep train AI in itself just trying to do learn specific image recognition from the ground takes along time for a simple computer even today most modern one.
So sure advanced super computers should be able to trade in theory as a normal profitable trader if trained properly. Which I seriously doubt they would even bother to use such computers to do. Silly thought even. Since at those levels we come to the point of cash not being an issue anyhow those with such resources.
  • #19,008
  • Edited 2:42am Aug 26, 2023 2:21am | Edited 2:42am
Quoting pipmaster77
{quote} The takeaway here, though, is even if you earn 0.5% weekly, you can earn half a mil per year with a bit over 2 mil in funding. Even if you didn't wish to start small and reinvest, for an outlay of around 9K and earning 0.5% per week would earn you 500K per year. Talk about ROI
The prop scaling plans are off the table @ low risk, so the big question... is there 2M in funding that you can trust out there? 400K FTMO, 600K MFF, 200K TFT, 200K TFF, 200K MFFX, 200K E8, 100K 5%ers gets you close (I'm currently with all but 5%ers)... but I don't really trust TFT (excessive volume band slippage), MFFX (large payout denials), TFF (server issues = your problem) and E8 (large payout denials). TFT going private server would make it much easier.
  • #19,009
  • Edited 5:42am Aug 26, 2023 5:15am | Edited 5:42am
Quoting CableJ
{quote} The prop scaling plans are off the table @ low risk, so the big question... is there 2M in funding that you can trust out there? 400K FTMO, 600K MFF, 200K TFT, 200K TFF, 200K MFFX, 200K E8, 100K 5%ers gets you close (I'm currently with all but 5%ers)... but I don't really trust TFT (excessive volume band slippage), MFFX (large payout denials), TFF (server issues = your problem) and E8 (large payout denials). TFT going private server would make it much easier.
Were your payments denied at any time ?

And any scaling in your accounts happened with any firm?

Such info would be much useful.

The personal experience always matter than seeing something on internet.
Intraday only.
  • #19,010
  • Edited 5:34am Aug 26, 2023 5:18am | Edited 5:34am
The scaling up of accounts and big payment denials or any time payment denials for users of this thread would be much useful.

Otherwise it would only be rumour.
Intraday only.
  • #19,011
  • Aug 26, 2023 6:57am Aug 26, 2023 6:57am
Quoting navk
{quote} Were your payments denied at any time ? And any scaling in your accounts happened with any firm? Such info would be much useful. The personal experience always matter than seeing something on internet.
Denied payments no, but where there is smoke online there is usually fire. I have scaled a couple times @ FTMO + TFT + MFF, however that was at significantly higher risk per trade, it would not have happened otherwise. I purposely have not increased funding past 200K outside of FTMO & MFF, I also trade to a monthly low % target @ smaller firms to avoid the risk of getting screwed. My best month last Oct trading for the entire month was a 31% return. With 600K funding that's >150K after split. I simply do not have confidence that anyone outside of the top 2 would make that kind of single payout.
  • #19,012
  • Aug 26, 2023 7:22am Aug 26, 2023 7:22am
Quoting labu
{quote} If someone succeeds with AI and trading. Without having to monitor it constantly probably more than normal trading. Then he would probably be one in a million. Especially with the currency market if thats the AI trading range. But even with more stable markets AI trading is just not worth it for the normal person. But with the latest AI technology becoming available to public GPL and such could make it interesting. But even then its unreliable on its own. Look into HFT bot traders in start of 2000s and up until now and see what the so called...
My AI is signal generation only its not fully automated hands off trading. There are a lot of folks using high time frame AI based trading including full risk params. It doesnt have magic returns of youtubers but it pays something and can pass an unlimited challenge.

AI tech now is far more advanced than it used to be and if you widen the timeframe the computing power isnt as vital as if you were looking to pip every move like a HFT firm or quant maker would do. And yes, like EA's people trading with AI, quant strats or EAs should always be sitting watching them.
  • #19,013
  • Aug 26, 2023 7:58am Aug 26, 2023 7:58am
Quoting CableJ
{quote} The prop scaling plans are off the table @ low risk, so the big question... is there 2M in funding that you can trust out there? 400K FTMO, 600K MFF, 200K TFT, 200K TFF, 200K MFFX, 200K E8, 100K 5%ers gets you close (I'm currently with all but 5%ers)... but I don't really trust TFT (excessive volume band slippage), MFFX (large payout denials), TFF (server issues = your problem) and E8 (large payout denials). TFT going private server would make it much easier.
Yes, I agree, other than the big 2 , best to keep payouts smaller. I know we both trade(d) offshore an I believe we diversified risk in a similar way.......80% of bankroll in bank, 20% in play spread accross 5 brokers, therefore no more than 4% at any one broker. One disappears, no biggie.
Thinking is the same here, get the million with the big 2, than 200K with everyone you mentioned, I think FXIFY might be worth a shot as one of the "others". Just add 200K to TFF and well over 2 million. If TFTP does do their own thing, could probably max the 600K there as well. Then you are at 2 million just with those 4.
I have never merged any of my accounts, and I love the approach of Boulder, make 1-2%, tuck it away and on to the next. No EAs, no copy trading, low 4 figure payouts.......giving them absolutely no reason to ever question or deny anything.
When Boulder posted that math, I simply wanted to demonstrate it doesn't take unrealistic returns to make great money once you have the funding. With every firm being unlimited now, you don't even need to "gamble" to get there.
  • #19,014
  • Aug 26, 2023 10:04am Aug 26, 2023 10:04am
I think no one ever discussed here about Union wealths management, My prop buddy treat me a challenge and I just realized that they are using eightcap only for their challenges, im currently taking mt5 8cap and I will update feedback if they are a good firm and if 8cap will also give me bad impression.
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  • #19,015
  • Aug 26, 2023 11:14am Aug 26, 2023 11:14am
For anyone that didn't see, FTMO has discord now: https://discord.com/invite/8j7r5XaaW6

And also education: https://academy.ftmo.com/
  • #19,016
  • Edited 11:58am Aug 26, 2023 11:29am | Edited 11:58am
Quoting CableJ
{quote} Denied payments no, but where there is smoke online there is usually fire. I have scaled a couple times @ FTMO + TFT + MFF, however that was at significantly higher risk per trade, it would not have happened otherwise. I purposely have not increased funding past 200K outside of FTMO & MFF, I also trade to a monthly low % target @ smaller firms to avoid the risk of getting screwed. My best month last Oct trading for the entire month was a 31% return. With 600K funding that's >150K after split. I simply do not have confidence that anyone outside...
The Firms will open their eyes if some one trades from different locations (other than the given address ) , different devices and on top of it, they will suspect for accounts from specific countries.

To overcome all, I have some ideas to follow. :

1) Trade from one location. If you move out to different location, inform the same to Firm's support. I did the same with MFF when I moved into canada after short visit to my Parent country. I have even asked them if I do another time KYC, they said no need.

2 ) REstrict the trading like this :

MFF , 1 location, 1 legal account. Legal account # A.. No legal account B from same location , same device. Network engineers can locate exact address from whare trades are getting executed. Avoid at all cost trading Legal account # B from same location, same device.

3) FTMO, TFF, FXIFY, Myfundedfx : Same as point number 2.

4) Avoid copy trading from Legal account # A to B for most of the firms. If I remember correct, TFF allows copy trading from A to B.

5 ) Open accounts as many as possible from different firms and reduce the risk so as to not overtrading in Legal account A with one Firm.

6 ) MFF, FTMO,TFF, FXIFY, Myfundedfx, E8, 5 ers and some of oldest firms.. Open 1 account say 100k or 200k ( Max 200k ) with 1 firm

7 ) Bi weekly payout , one payout from 1 firm. Say biweekly payout of 2 to 2.5 % from each firm

8 ) Accumulating 8 firms, 100k accounts from different firms is a good idea.

9 ) 2K to 2.5k payout, biweekly from each of firm..8 firms amounting to 16k. to 20k

10 ) Monthly payouts from a total of 8 firms with 800k accounts would be around 32 k. to 40k
Intraday only.
  • #19,017
  • Aug 26, 2023 11:41am Aug 26, 2023 11:41am
Quoting KoyaAndy18
I think no one ever discussed here about Union wealths management, My prop buddy treat me a challenge and I just realized that they are using eightcap only for their challenges, im currently taking mt5 8cap and I will update feedback if they are a good firm and if 8cap will also give me bad impression. {image}
I hate these guys on social media but know nothing about their company just the people representing them are offensive.
  • #19,018
  • Aug 26, 2023 11:47am Aug 26, 2023 11:47am
why i say 2 to 2.5 % bi weekly payout is ok ?

Most of firms accept 10 to 12 % ROI in three months bywhich the account is eligible for scaling.
Intraday only.
  • #19,019
  • Aug 26, 2023 12:00pm Aug 26, 2023 12:00pm
Quoting navk
{quote} The Firms will open their eyes if some one trades from different locations (other than the given address ) , different devices and on top of it, they will suspect for accounts from specific countries. To overcome all, I have some ideas to follow. : 1) Trade from one location. If you move out to different location, inform the same to Firm's support. I did the same with MFF when I moved into canada after short visit to my Parent country. I have even asked them if I do another time KYC, they said no need. 2 ) REstrict the trading like this...
working on buying 1M from fidelcrest. Do you think they are good firm
MY OPINION NOT FINANCIAL ADVISE
  • #19,020
  • Aug 26, 2023 12:03pm Aug 26, 2023 12:03pm
Quoting donfriday
{quote} working on buying 1M from fidelcrest. Do you think they are good firm
The ROI should be less.

Fidelcrest... frankly i have no idea.
Intraday only.
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