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  • #29,501
  • Feb 7, 2024 4:27am Feb 7, 2024 4:27am
Quoting Lrg
Few pages back there was a YT vid posted about Andrewfx, the guy that achieved 6mil in funding..just seen a vid posted by him stating that he lost half the funding in the last few weeks, hes now left with about 2.8mil...
Really strange..... if you're supposedly risking .25-.50% per trade on your live accounts and you're stopping at a 1-2% profit target.... how do you blow 1/2 your funding in 2 weeks? That must have been one hell of a losing streak.
  • #29,502
  • Feb 7, 2024 4:57am Feb 7, 2024 4:57am
Btw i dont want to waste my brain cells on the fact math is not adding up for him, all fake, he is lying. coz he doesn’t need validation from anyone.

He is getting that bag .

so take it is a positive thing he did something incredible and living a king size. So better sharpen your skills you can be there or even higher than him as well
Extreme gut feeling trader
  • #29,503
  • Feb 7, 2024 4:59am Feb 7, 2024 4:59am
TFF plans to be back end of the week or the week after
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  • #29,504
  • Feb 7, 2024 5:05am Feb 7, 2024 5:05am
Quoting Capablanca
TFF plans to be back end of the week or the week after {image}
If they are going to be cTrader only, there will be no USA trading. I'm only assuming as cTrader pulled out of US 10 years ago. FTMO offered it for awhile, I'm guessing until cTrader realized, and then FTMO removed cTrader for USA a couple of years ago as well.
So, basically, even if they do allow USA to use cTrader, it will be temporary untl cTrader realizes.
Messaging is unclear whether new broker relationship offering will include MT4/5????
Good news anyway, they are not just folding to the ________________ (fill in the blank)
  • #29,505
  • Feb 7, 2024 5:07am Feb 7, 2024 5:07am
Quoting woody70
{quote} The way things are going right now with all this turmoil and being an American. I would not be leaving anything at any Prop Firm because even the best can be gone overnight as we have seen. If it takes longer to scale up, so be it. If they were, to all close to Americans tomorrow I would not have thousands of dollars tied up like some with MFF. Even though I'm living in Germany right now with a German residency I will not take that chance because my Residency Permit says I'm American.
Keep in mind that lower than level 4 or 5 is really, really small too though, relatively speaking, compared to a 25K+ account somewhere else. Otherwise, I agree with you!
  • #29,506
  • Feb 7, 2024 5:08am Feb 7, 2024 5:08am
Quoting Capablanca
{quote} If you know that (I also heard it) how is he still allowed in props, knowing that he is a "public" figure ?
hes banned at many, and the others he has affiliate deals with. Him, like that alex guy from italy, take with a massive grain of salt and not even himalayan rock salt.
  • #29,507
  • Feb 7, 2024 5:12am Feb 7, 2024 5:12am
Quoting genuine007
What do you think of prop firms that don't allow news trading? Will you go with them or ignore them ? Because what I see everyday there is news, offcourse it can be of different colors, and offcourse the movement during news will be different all the time, sometimes it can hit your sl or tp within those 4 minute window and sometimes not and if hits then you will lose the challenge. Offcourse, we are not trading news. Our trades opened way earlier may be in Tokyo where there was no news at all and market was very slow. FundingPips has good SCORING...
Most prop firms that don't allow news will allow an already opened trade to hit TP or SL without penalizing you as long as it was opened more than 5 minutes or whatever threshold they set beforehand (The5ers for example, but definitely check the rules and fine print to know for sure). Otherwise swing traders would never be able to use firms like that at all. No doubt there are some shady firms that use this as an excuse to fail you.
  • #29,508
  • Feb 7, 2024 5:38am Feb 7, 2024 5:38am
Quoting pipmaster77
{quote} If they are going to be cTrader only, there will be no USA trading. I'm only assuming as cTrader pulled out of US 10 years ago. FTMO offered it for awhile, I'm guessing until cTrader realized, and then FTMO removed cTrader for USA a couple of years ago as well. So, basically, even if they do allow USA to use cTrader, it will be temporary untl cTrader realizes. Messaging is unclear whether new broker relationship offering will include MT4/5???? Good news anyway, they are not just folding to the ________________ (fill in the blank)
Disaster happens in businesses… when you have a money making business why let it die when prop firm industry is blowing up…. I believe if they come back from this will add to their reputation highly….
I’ll personally buy their challenges on the day of return to help those guys for the whole fiasco
Extreme gut feeling trader
  • #29,509
  • Feb 7, 2024 5:46am Feb 7, 2024 5:46am
Quoting montygoldy
{quote} Disaster happens in businesses… when you have a money making business why let it die when prop firm industry is blowing up…. I believe if they come back from this will add to their reputation highly…. I’ll personally buy their challenges on the day of return to help those guys for the whole fiasco
Yes. I'm already funded with them. Just being in the US, not sure if or how long I'll be able to continue with them.
  • #29,510
  • Feb 7, 2024 5:50am Feb 7, 2024 5:50am
Quoting pipmaster77
{quote} Yes. I'm already funded with them. Just being in the US, not sure if or how long I'll be able to continue with them.
surely they will find some way back to capture the US market…. Demographically US IS THE NUMBER 1 PRIORITY TO GET THE MAXIMUM BUSINESS for any offshore entity
Extreme gut feeling trader
  • #29,511
  • Feb 7, 2024 6:01am Feb 7, 2024 6:01am
Quoting pipmaster77
{quote} If they are going to be cTrader only, there will be no USA trading. I'm only assuming as cTrader pulled out of US 10 years ago. FTMO offered it for awhile, I'm guessing until cTrader realized, and then FTMO removed cTrader for USA a couple of years ago as well. So, basically, even if they do allow USA to use cTrader, it will be temporary untl cTrader realizes. Messaging is unclear whether new broker relationship offering will include MT4/5???? Good news anyway, they are not just folding to the ________________ (fill in the blank)
I read the message as MT4/MT5 will be back may take 1-2 weeks. They could start up new accounts immediately utilising Ctrader. But better to wait until mt4/5 accounts are also ready to go, re synchronisation of existing accounts etc.

Could be wrong of course.
  • #29,512
  • Feb 7, 2024 6:09am Feb 7, 2024 6:09am
Quoting rizla101
{quote} I read the message as MT4/MT5 will be back may take 1-2 weeks. They could start up new accounts immediately utilising Ctrader. But better to wait until mt4/5 accounts are also ready to go, re synchronisation of existing accounts etc. Could be wrong of course.
That's how I (optimistically) interpreted it as well. Just isn't crystal clear.
  • #29,513
  • Edited 6:39am Feb 7, 2024 6:16am | Edited 6:39am
What has been the longest drawdown period for you guys @ props? I went through a period last year of 5 months trying to dig myself out of a bad drawdown period... thankfully, I was still able to pass a few challenges and get a few payouts on new accounts that started during the upswing periods of the drawdown before the older accounts fell further back into the ditch.
  • #29,514
  • Feb 7, 2024 7:10am Feb 7, 2024 7:10am
Quoting CableJ
What has been the longest drawdown period for you guys @ props? I went through a period last year of 5 months trying to dig myself out of a bad drawdown period... thankfully, I was still able to pass a few challenges and get a few payouts on new accounts that started during the upswing periods of the drawdown before the older accounts fell further back into the ditch.
3 months. As you stated though, while recovering, also trading other accounts and passing additional challenges with the same trades getting me out of the DD. Basically averaging in but across multiple accounts. I trade everything manual with no copy trader, so I tend to do this anyway.
  • #29,515
  • Feb 7, 2024 7:17am Feb 7, 2024 7:17am
Quoting CableJ
What has been the longest drawdown period for you guys @ props? I went through a period last year of 5 months trying to dig myself out of a bad drawdown period... thankfully, I was still able to pass a few challenges and get a few payouts on new accounts that started during the upswing periods of the drawdown before the older accounts fell further back into the ditch.

This is good question. I was in longest drawdown period since last year begining of September till probably now. I just get involved in bad variance. Phase 1 passed mostly phase 2 passed and getting into drawdown when trading live account. This happens when you trade aggressively challenges. The profit loss distribution in your system might kill you because every step of challenge is separate event . So let's take example

Your system in average goes up 20% and than down 10% .
If you start you might pass 1 and 2 phase and when drawdown time appears you will be at funded account and loose it.

That is why I changed my approach. I used to trade challenges aggressively, mostly pass or fail in one week max. But after some time I realized that one week with hard market conditions or whatever reason it might be can blow your account.
So after making stats for few months I realized that my max drawdown is 10R. This is not 10 trades rather 10 scenarios I built my positions around.

Also I came back to my Icmarkets account and started there and invested only profits to buy 10k accounts with funding pips. So game was simple no profit no challenges. Currently I feel like I am back on track and started today fresh funded account and also doing great with personal account.

So my new strategy is knowing max drawdown (10R) from hundreds of trades every phase of challenge I risk max 10% of all allowable loss (finding pips example 100$ in 10k account). Since beginning of 2024 no more losses.

So I have to say that what other traders said, that the best approach is buy bigger account and trade with small size with unlimited time works best. Aggressive method is affected more by drawdowns and market structure changes. The problem is I don't trust any company anymore so i cannot afford spending like 2-3 months building account to realize they are gone forever. So I choosed middle option not to fast and not too slow. One month to get funded and more focus on personal account.
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  • #29,516
  • Feb 7, 2024 7:24am Feb 7, 2024 7:24am
Out of curiosity, what prop firms still offer zero commission trading on indicies. With decent leverage.

The big three were FTMO, MFF and TFF. Curious if others exist. E8 used to to but now with purple it’s dogshit.

MFFX has blueberry, that might be one, but have no way to verify.
Trade with confidence, trade without fear.
  • #29,517
  • Feb 7, 2024 7:29am Feb 7, 2024 7:29am
Quoting youngD
{quote} This is good question. I was in longest drawdown period since last year begining of September till probably now. I just get involved in bad variance. Phase 1 passed mostly phase 2 passed and getting into drawdown when trading live account. This happens when you trade aggressively challenges. The profit loss distribution in your system might kill you because every step of challenge is separate event . So let's take example Your system in average goes up 20% and than down 10% . If you start you might pass 1 and 2 phase and when drawdown time...
Great approach. I've always traded based on available max loss, so while I am using 10 or 20 to 1 leverage on that amount, it is only 1 or 2 to 1 on the actaul "fake" account balance. I can grind 1.5-3% weekly without ever coming within 25% of DAILY DD.
This allows me to pass a phase 1 in 3-5 weeks and a phase 2 in 1-3 weeks. My average time from purchase to funded is a bit over 5 weeks. Accomplished with extremely low risk.
  • #29,518
  • Feb 7, 2024 7:36am Feb 7, 2024 7:36am
Quoting youngD
{quote} This is good question. I was in longest drawdown period since last year begining of September till probably now. I just get involved in bad variance. Phase 1 passed mostly phase 2 passed and getting into drawdown when trading live account. This happens when you trade aggressively challenges. The profit loss distribution in your system might kill you because every step of challenge is separate event . So let's take example Your system in average goes up 20% and than down 10% . If you start you might pass 1 and 2 phase and when drawdown time...
Keep Hustling, No Account is Blown, No Challenge is Failed, Until We Give Up On That Account!!
  • #29,519
  • Feb 7, 2024 7:39am Feb 7, 2024 7:39am
Quoting martinez1
But come to think of it, if more smaller account are open, ie, you have 100k account broken down to 20 smaller ones then won't they have another problem like the server problem in their hands?
-Not sure. I suppose that it would be similar to how these futures props are doing it. Probably, when you are working with millions in profits, you can afford to get the servers that you need. I can only guess. Maybe Takisd would know.
  • #29,520
  • Feb 7, 2024 7:44am Feb 7, 2024 7:44am
Quoting pipmaster77
{quote} Great approach. I've always traded based on available max loss, so while I am using 10 or 20 to 1 leverage on that amount, it is only 1 or 2 to 1 on the actaul "fake" account balance. I can grind 1.5-3% weekly without ever coming within 25% of DAILY DD. This allows me to pass a phase 1 in 3-5 weeks and a phase 2 in 1-3 weeks. My average time from purchase to funded is a bit over 5 weeks. Accomplished with extremely low risk.
Now that I think about it, after reading youngd's post... most probably lose their accounts during typical DD periods and start over rather than being forced to dig themselves out of the hole.
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