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  • #19,061
  • Edited 9:32am Aug 27, 2023 9:13am | Edited 9:32am
so just not to get confused anymore on this (unfortunately that was the case for me haha). basically this FAQ answers the general state of copier rulers for top prop firms:
https://intercom.help/myfundedfx/en/...2-copy-trading

Where (if i understood correctly) rule 1 explains that you actually can copy trades from another prop firm, even if its Master (not slave) they dont care, and they shouldn't, legally or not as long as its you. Makes total sense to me:

Quote
1. Copy Trading from Your Account: We allow traders to engage in copy trading from an account they own and actively trade. If you have a personal account with another prop firm, retail broker, or any external/internal source, you are welcome to copy trade from that account as long as the trades executed are your own.

Also rule 2 adds more substance on restriction, even mentioned situation about EA copiers etc when 2 accounts not owned by the same person:

Quote
2. Restrictions on Copy Trading: Copy trading between two accounts not owned by the same person, including relatives and friends, is not permitted. This policy ensures that trading activities remain transparent and authentic. Additionally, copy trading via Expert Advisors (EAs) is not allowed unless the trades executed by the EA are taken by the same person who owns the account.
  • #19,062
  • Aug 27, 2023 9:13am Aug 27, 2023 9:13am
Attached Image (click to enlarge)
Click to Enlarge Name: MFF.PNG Size: 86 KB

What's MFF up to?
  • #19,063
  • Aug 27, 2023 9:13am Aug 27, 2023 9:13am
Quoting navk
{quote} Yes, Correct. That is what I said too. Read the second sentence in discord channel
You're parsing their explanation.

Quote
You are allowed to use a trade copier as long as you are copying your own trades from your own accounts.

It is NOT allowed if you are copying trades from another source
For example: another person or trade signals.
Trade with confidence, trade without fear.
  • #19,064
  • Aug 27, 2023 9:16am Aug 27, 2023 9:16am
Quoting Cryptosurf
{quote} You're parsing their explanation. {quote}
MFF says, MFF account needs to be master account. FXIFY says the account with them needs to be master account.

See, in general, I would avoid copy trading unless it is necessary.
Intraday only.
  • #19,065
  • Aug 27, 2023 9:21am Aug 27, 2023 9:21am
Quoting pipmaster77
{image} What's MFF up to?
MFF was saying earlier, all trades need to have stop loss set in order to claim profits in the event if you violate ..

Just my guess, rules being changed.

I missed around 2.5k once with MFF just because, I did not set stop loss.
Intraday only.
  • #19,066
  • Aug 27, 2023 9:34am Aug 27, 2023 9:34am
Quoting navk
{quote} MFF says, MFF account needs to be master account. FXIFY says the account with them needs to be master account. See, in general, I would avoid copy trading unless it is necessary.
And both allow master being your own broker's account.
So when someone really needs copy trading the best option is to use thier own (demo) account with the broker as master and all prop firm accounts as slaves.

It is the best option also because it allows you to modify the balance of your master account freely at any time you need which makes trading of multiple different accounts from one place much easier
Money is made by sitting, not trading
  • #19,067
  • Aug 27, 2023 9:45am Aug 27, 2023 9:45am
Quoting navk
{quote} MFF says, MFF account needs to be master account. FXIFY says the account with them needs to be master account. See, in general, I would avoid copy trading unless it is necessary.
Where have they stated this?

Same question answered recently via support channel.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-08-27 at 10.42.02 AM.png Size: 35 KB
Trade with confidence, trade without fear.
  • #19,068
  • Aug 27, 2023 9:48am Aug 27, 2023 9:48am
Quoting Cryptosurf
{quote} Where have they stated this? Same question answered recently via support channel. {image}
well, it is not written anywhere but once answered by Yuvas to me in DM.

He was just replying to me to be cautious with regard to Copy trading... being DM.

In any case, as I said, I would be cutious in copy trading and do not want to get into trouble at a later stage.

I prefer to trade every account manually
Intraday only.
  • #19,069
  • Aug 27, 2023 9:50am Aug 27, 2023 9:50am
Quoting navk
{quote} well, it is not written anywhere but once answered by Yuvas to me in DM. He was just replying to me to be cautious with regard to Copy trading... being DM.
Interesting for sure. Thanks
Trade with confidence, trade without fear.
  • #19,070
  • Aug 27, 2023 9:54am Aug 27, 2023 9:54am
Quoting navk
{quote}I prefer to trade every account manually
My trades are generally small and only a few each day so maybe why haven’t set off any alarms. Intraday DOW and NAS.

Have bounced around the idea of having MFF trade NAS and FTMO DOW.
Trade with confidence, trade without fear.
  • #19,071
  • Aug 27, 2023 9:57am Aug 27, 2023 9:57am
myfundedfx was saying copying from my own account from other firm is ok.

But they said, when asked , i have to show proof that both master and slave accounts are mine.
Intraday only.
  • #19,072
  • Aug 27, 2023 9:59am Aug 27, 2023 9:59am
Quoting navk
{quote} well, it is not written anywhere but once answered by Yuvas to me in DM.
This is one thing that I find troubling with support reps. They have the tendency to not all be on the same page and details could drift wildly. I’m not certain if it’s as bad as it was, but I always try to reach out to Josh for any clarification.

There has been a couple instances where their support reps stated something counter to their stated rules. Josh cleared it up for me.
Trade with confidence, trade without fear.
  • #19,073
  • Aug 27, 2023 10:06am Aug 27, 2023 10:06am
Quoting Cryptosurf
{quote} This is one thing that I find troubling with support reps. They have the tendency to not all be on the same page and details could drift wildly. I’m not certain if it’s as bad as it was, but I always try to reach out to Josh for any clarification. There has been a couple instances where their support reps stated something counter to their stated rules. Josh cleared it up for me.
It is always better to reach out to CEO when there is important need.

This happened to me with fundedfx. The support staff messed up. Yash on advice from Matt CEO, cleared up the mess created by support staff.

And in this particular case, I can not forget the advice rendered to me by Capablanka in this thread.

Intraday only.
  • #19,074
  • Aug 27, 2023 10:06am Aug 27, 2023 10:06am
Quoting navk
myfundedfx was saying copying from my own account from other firm is ok. But they said, when asked , i have to show proof that both master and slave accounts are mine.
Having a bunch of funded accounts isn’t all it’s cracked up to be, especially if trying to sync them all. I’ve given up that pursuit to only trade FTMO, MFF and my AMP futures account.

Sure it’s nice not paying commission with funded firms but if those accounts were to be revoked, I’m perfectly satisfied trading exclusively with AMP.

Trading is a means to an end. As my passive portfolio grows, the less reliance I have off humping trades every day.
Trade with confidence, trade without fear.
  • #19,075
  • Aug 27, 2023 10:12am Aug 27, 2023 10:12am
Quoting Cryptosurf
{quote} Having a bunch of funded accounts isn’t all it’s cracked up to be, especially if trying to sync them all. I’ve given up that pursuit to only trade FTMO, MFF and my AMP futures account. Sure it’s nice not paying commission with funded firms but if those accounts were to be revoked, I’m perfectly satisfied trading exclusively with AMP. Trading is a means to an end. As my passive portfolio grows, the less reliance I have off humping trades every day.
Having many prop accounts and trading 2 to three accounts at a time for cerain percentage ( say 1 to 2 % ) bi weekly is not a bad idea at all.
Intraday only.
  • #19,076
  • Edited 11:46am Aug 27, 2023 10:16am | Edited 11:46am
Quoting pipmaster77
{image} What's MFF up to?
Starbucks gift cards?

Onlyfans discount codes?
Trade with confidence, trade without fear.
  • #19,077
  • Aug 27, 2023 10:31am Aug 27, 2023 10:31am
I was just clarified that myfundedfx account of mine is suitable to be either master account or slave account for copy trading.

FXIFY allows my account with FXIFY needs to be only master account
Intraday only.
  • #19,078
  • Aug 27, 2023 11:29am Aug 27, 2023 11:29am
Quoting Cryptosurf
{quote} This is one thing that I find troubling with support reps. They have the tendency to not all be on the same page and details could drift wildly. I’m not certain if it’s as bad as it was, but I always try to reach out to Josh for any clarification. There has been a couple instances where their support reps stated something counter to their stated rules. Josh cleared it up for me.
I think the rules need to be modified to be clear about master and slave accounts.

If there are written rules, all support rep will be on same page.
Intraday only.
  • #19,079
  • Aug 27, 2023 11:49am Aug 27, 2023 11:49am
Quoting pipmaster77
{quote} Yes, waaaaaaay too many better options. Especially now with all of the 2 stage programs offering unlimited time. I do recall you mentioing that regarding chosing your asset class. Of course, they didn't dislcose that until you got funded, if I recall correctly.
that's right.
I had been trading that all the way through the qualifying stage, and no word from their compliance on those two matters...
  • #19,080
  • Aug 27, 2023 12:50pm Aug 27, 2023 12:50pm
Quoting Cryptosurf
{quote} Not sure that is accurate. I have funded accounts with both and have used both as masters and slave without any problems. I prefer MFF as a master account. Localhost copier ea being used. Did something change with them that makes you say this?
Hi Cryptosurf, what is a "Localhost copier ea", is it different to STT/Duplikium?

Thanks.
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