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  • #29,521
  • Feb 7, 2024 7:44am Feb 7, 2024 7:44am
Quoting rizla101
I read the message as MT4/MT5 will be back may take 1-2 weeks.
-If this is true, then I wonder... wouldn't whatever broker that has decided to work with them be putting themselves as great risk of losing their meta license? How could TFF even hide which broker it is? I also wonder what TFF had to pay in order to piggyback and how that might affect their decisions going forward.
  • #29,522
  • Feb 7, 2024 7:46am Feb 7, 2024 7:46am
Quoting Cryptosurf
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.
ACG are commision free, I believe they offer 100:1
  • #29,523
  • Feb 7, 2024 7:49am Feb 7, 2024 7:49am
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.
i have atleast 5 acocunts that went literally 7-7.5% down and recovered (purely with the help of luck). I have poor mentality when 1% or 1.5% left in total drawdown in my mind i already accept its GONE and go to other account.. Coz for me personally TIME is more important than MONEY LOST.
Extreme gut feeling trader
  • #29,524
  • Feb 7, 2024 7:52am Feb 7, 2024 7:52am
Quoting Nsak3y
{quote}-If this is true, then I wonder... wouldn't whatever broker that has decided to work with them be putting themselves as great risk of losing their meta license? How could TFF even hide which broker it is? I also wonder what TFF had to pay in order to piggyback and how that might affect their decisions going forward.
I think this is not a Bigger issue they'll resolve it with meta eventually thats my opinion.. They are just trying to patch a FIX quickly to lower the damage..... Coz on the background they might be planning for complete resolution...
Extreme gut feeling trader
  • #29,525
  • Feb 7, 2024 7:52am Feb 7, 2024 7:52am
Quoting Cryptosurf
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.
Yes, those were always my 3. My focus is on the 5%ers now, they are $2, spreads are fixed at 2on US30 and 0.8 on NAS. Works for me, though as I'm usually targetting 60-100 points.
  • #29,526
  • Feb 7, 2024 8:03am Feb 7, 2024 8:03am
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.
Five months, April to end of August in 2023. This can be both because I was losing while trading and I was investing in new challenges.
  • #29,527
  • Feb 7, 2024 8:13am Feb 7, 2024 8:13am
Prop firm drama getting just way too much for me. Apparently we aren't calling them prop firms anymore, they are evaluation companies or virtual funded companies or .. what is it? Is it nothing? Is it something?
  • #29,528
  • Feb 7, 2024 8:25am Feb 7, 2024 8:25am
Quoting Takisd
Prop firm drama getting just way too much for me. Apparently we aren't calling them prop firms anymore, they are evaluation companies or virtual funded companies or .. what is it? Is it nothing? Is it something?
Simulated trade evaluation services lol... it's the one thing the CFTC hit the bullseye on. The entire online prop industry's marketing about their fantasy business model was deceptive.
  • #29,529
  • Feb 7, 2024 8:25am Feb 7, 2024 8:25am
Quoting montygoldy
Coz for me personally TIME is more important than MONEY LOST.
-Perhaps there is an opportunity here for good traders that are short on capital.
  • #29,530
  • Feb 7, 2024 8:30am Feb 7, 2024 8:30am
Quoting montygoldy
I think this is not a Bigger issue they'll resolve it with meta eventually thats my opinion.. They are just trying to patch a FIX quickly to lower the damage..... Coz on the background they might be planning for complete resolution...
-I respect your positive thinking, but if TFF cannot resolve their issues with Meta, and choose to circumvent their ban in the interim by piggybacking with a willing broker in an effort to temporarily sustain operations, then I cannot imagine that Meta will view them very favorably and agree to any sort of resolution.
  • #29,531
  • Feb 7, 2024 8:31am Feb 7, 2024 8:31am
Quoting CableJ
{quote} Simulated trade evaluation services lol... it's the one thing the CFTC hit the bullseye on. The entire online prop industry's marketing about their fantasy business model was ridiculously deceptive.
But if 1 trade is A booked, does it make their argument invalid? Because real funds are actually at risk? The small details.
  • #29,532
  • Feb 7, 2024 8:32am Feb 7, 2024 8:32am
Anyone being signal provider on any crypto / fx social/copy service with success?? Any recommendation of platform with large base and pay good percentage long term??
  • #29,533
  • Feb 7, 2024 8:32am Feb 7, 2024 8:32am
Quoting CableJ
{quote} 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.
Right. I look at it as digging out is not bad if I'm earning money and/or passing challenges while digging out of DD.
Let's say your 4% in DD on one account, have one account at 1% DD and start a fresh challenge. Execute the same trade(s) in all 3, once you've recovered the 4%, you are up 3% in the other account and halfway through phase 1 on the challenge.
I trade pivots, so I enter at different levels accross all of my live accounts, I may enter at the 61 on FTMO, the 78 with the 5%ers and the 100 with TFF (or whoever I may need to replace them with)
  • #29,534
  • Feb 7, 2024 8:35am Feb 7, 2024 8:35am
Quoting pipmaster77
I look at it as digging out is not bad if I'm earning money and/or passing challenges while digging out of DD.
-Good point. Nothing a little trade copier cannot fix. Simply adjust risk parameters and climb out of draw-down without even thinking about it. Maybe you get a nice surprise after you complete your challenges on the positive accounts.
  • #29,535
  • Feb 7, 2024 8:56am Feb 7, 2024 8:56am
Please someone explain about "Profit Target to Drawdown RATIO"
It is go by like this 1 : 0.67 , 1 : 85
And people say, the higher the better

Please explain How this is calculated.
I will understand it in other words but I am not able to understand this in ratio terms.

Offcourse I know If profit target to be reached is smaller like say 7% and maximum drawdown is 10% then it is much easier
in comparision with some firm which says 8% profit target maximum drawdown is 10%
and the 1st and 2nd are easier than the firm which say 10% profit target 10% maximum drawdown

BUT another question do DAILY LOSS LIMIT also incorporate in coming to this ratio or not??
because daily loss limit in 1st case might be 3%, and daily loss limit in 2nd might bw 4% and in 3rd one daily loss limit might be 5%

Hope you got what I want to convey,
Please someone explain it.. in better and easy to understand language and mathematical expression..
  • #29,536
  • Feb 7, 2024 8:59am Feb 7, 2024 8:59am
Quoting Takisd
{quote} But if 1 trade is A booked, does it make their argument invalid? Because real funds are actually at risk? The small details.
yes, but who was doing that outside of the 1% @ MFF?
  • #29,537
  • Feb 7, 2024 9:04am Feb 7, 2024 9:04am
Quoting Takisd
Prop firm drama getting just way too much for me. Apparently we aren't calling them prop firms anymore, they are evaluation companies or virtual funded companies or .. what is it? Is it nothing? Is it something?
Call them what you want provided that they go on paying
  • #29,538
  • Feb 7, 2024 9:11am Feb 7, 2024 9:11am
Quoting Takisd
{quote} But if 1 trade is A booked, does it make their argument invalid? Because real funds are actually at risk? The small details.
Can't I have a company A which only sells challenges and pays for the performance, all simulated ?

And then, if I find some trader "dangerous" who I want to A-book, I will "sell" the information of his trades to company B, also owned by me, which invests based in that information.

Overall the capital and profits/losses come from the same pocket (mine) but there is a separation. That trader is still simulated in company A and never going to real. Company B is having the profit or loss of his trades, based in order flow.
  • #29,539
  • Feb 7, 2024 9:20am Feb 7, 2024 9:20am
Quoting Cryptosurf
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.
Funding Traders has zero leverage on indicies. I'm with them now funded but have not gotten a payment yet. Started bad on the funded account just like always. Digging myself out of a hole. I have not had any slippage or any problems with execution. I will report back on payment once I get there.
  • #29,540
  • Feb 7, 2024 9:20am Feb 7, 2024 9:20am
Quoting Capablanca
{quote} Can't I have a company A which only sells challenges and pays for the performance, all simulated ? And then, if I find some trader "dangerous" who I want to A-book, I will "sell" the information of his trades to company B, also owned by me, which invests based in that information. Overall the capital and profits/losses come from the same pocket (mine) but there is a separation. That trader is still simulated in company A and never going to real. Company B is having the profit or loss of his trades, based in order flow.
You can, but we are talking about 2 different things i think. Or maybe not? He was referring to the mischievous marketing tactics of being funded, I merely asked what determines funded or not by definition.
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