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  • #30,221
  • Feb 12, 2024 2:31pm Feb 12, 2024 2:31pm
I make the clarification, the thread has super valuable information but I say boring because to look for that valuable information you have to follow the thread every day, I think we should remember that every newbie can find the most interesting things.
30,000 posts is too many
Be happy, friendly, humble and winner!!
  • #30,222
  • Feb 12, 2024 2:50pm Feb 12, 2024 2:50pm
Want to pass a challenge? on a $100k account, sell gbpusd 4 lots and wait 3 weeks to a month. You will make it.
  • #30,223
  • Feb 12, 2024 3:09pm Feb 12, 2024 3:09pm
Quoting jonesmiami
Want to pass a challenge? on a $100k account, sell gbpusd 4 lots and wait 3 weeks to a month. You will make it.
And what will happen to his account when the trade goes against him let's say with 130pips?
  • #30,224
  • Edited 4:36pm Feb 12, 2024 3:39pm | Edited 4:36pm
Sorry i missed this discussion on Lot size and slippage cos i stepped away for a little while.
so i will try to give my response based on my own experience only... Cheers

First thing is that
(1) I don't have an issue with slippage because am a swing trader and even with that i don't get that kind of over bearing slippage.

2) I knew i will get to this point and higher in my trading career so i started doing my home work, digging around finding out what i can know about
brokers, slippage, liquidity etc. you can check on my threads on FF were i tried to ask some questions.

3) When it comes to slippage is easy , when you break up your trades into smaller sizes it's much easier because you will get much better fills especially
when you are a swing trader.

4) The broker am currently using is big enough to give me a smoother ride without any problem, they have over 650 thousand active clients Monthly,
their trading volume is over 4 trillion dollars Monthly.
Now the problem is when you don't do your home work well and chooses a little broker, eg one who sells their books to another broker for liquidity, not even to prime brokers to start with.


5) Some traders keep having misconceptions about the fact that you can't use mt4's to do large orders, i tell you that's so wrong and mt4 is good enough
it all depends on were your getting your orders/liquidity and your trading strategy or how you places your trades.

6) Someone said on an earlier post that you can't have 600k and still wants to trade CFD, then it means your not suppose to trade at all with that kind of mindset beacuse trading is not for you. if you feel that having 600k is much, well have withdrew more than that in single month so calm down.

7) I have some of my trade result on this Forum, so somebody can check but that does not mean i can't milk the this 20 year old CEO's or props if i can.

8) Splitting your lots into smaller trades is just like your one in the middle of those 650k traders opening their orders so it won't matter.

Please because your not doing it does not mean somebody else can't do it, please that's how i trade and am tired of trying to explain
go and do your home work, remember to choose a broker that your order will be like a drop in the ocean and you won't have problems.

We have Swissquote, We have Advance Market, we have IC Market, We have another one.....( which i won't mention, my most Active account)
I have an account with all of them and funded, Swissquote did not agree on my country of birth so i used my purchased Passport
but i prefer one over the rest because of the freedom of withdrawing in Stable coins with that i always send my money to anywhere i like using
Kraken OTC . Cheers. I still have and plans for the rest of them.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #30,225
  • Feb 12, 2024 3:45pm Feb 12, 2024 3:45pm
Quoting pipmaster77
{quote} Just use the formula.......It works on all models, line 1 on 1stage you only have 1 number to multiply, 3 stage you have 3. Example %5ers 100K for $495 $495 * 1.8 (8% target/10% DD phase 1) * 1.5 (5% target/10% DD) = $1,336.50 Upon passing, you have 10K max loss @80% split =$8,000 $8,000/ $1,336.50= $5.98 For each $1 you would have on personal account, you have $5.98 AVAILABLE LOSS with this example. All things being the same, you can literally trade 6 times the size and therefore earn 6 times the profit.
Pipmaster77, how can we adjust this formula to include the daily drawdown %? Because if comparing two otherwise identical programs, all other things being equal, obviously one with 5% daily drawdown would be better than a program with 3%. Any suggestions? I've built quite an extensive spreadsheet now, LOL!
  • #30,226
  • Feb 12, 2024 4:07pm Feb 12, 2024 4:07pm
I would strongly advise anyone considering using a firm/evaluation company/forextoilet who uses match trader to think twice.
  • #30,227
  • Feb 12, 2024 4:18pm Feb 12, 2024 4:18pm
Quoting Takisd
I would strongly advise anyone considering using a firm/evaluation company/forextoilet who uses match trader to think twice.
Seeing a “Voyage Markets” being mentioned in TFT discord. WTF?

mt4/5 or death, please…
A snails pace wins the race :-)
  • #30,228
  • Feb 12, 2024 4:43pm Feb 12, 2024 4:43pm
Quoting JustPipMe
{quote} Seeing a “Voyage Markets” being mentioned in TFT discord. WTF? mt4/5 or death, please…
Its just angelo again trying to skirt the law and set himself up for an exit
  • #30,229
  • Feb 12, 2024 5:55pm Feb 12, 2024 5:55pm
If the CFTC want another target then I'd think Angelo and TFT are the obvious target.
  • #30,230
  • Edited 6:52pm Feb 12, 2024 6:30pm | Edited 6:52pm
Quoting martinez1
Sorry i missed this discussion on Lot size and slippage cos i stepped away for a little while. so i will try to give my response based on my own experience only... Cheers First thing is that (1) I don't have an issue with slippage because am a swing trader and even with that i don't get that kind of over bearing slippage. 2) I knew i will get to this point and higher in my trading career so i started doing my home work, digging around finding out what i can know about brokers, slippage, liquidity etc. you can check on my threads on FF were i tried...
when i had smaller volume i tried like you, but metatrader FoK is not the way to go with big amounts, then you really have to split like you do and need extra work and supervising (and often higher fees because you cant get full commission down when splitted amounts over brokers). how many yards/billions turnover you have in average per month? now i can place 200-500 lot orders for same easy like you do 500 times a 1 lot order. your way of course is necessary to go around FoK with big order sizes in metatader, but dont make wins bigger or trading more easy. its then extra effort for trade copier or extra accounts. sounds like you use only exness metatrader, this would be not my way for trading (not this broker and not this platform)... but like you say, anyone needs to find the way. most important is never trust anyone wins until this person show in real live. so many fakers around, so hard to believe someone.
but i dont know about USA, so i dont know about Africa. so maybe you can only use such broker.

to your point 7: i cant find good results from you, what thread is this? i see you only playing around with very very low 30-50 usd accounts and low wins or losses 2019-2021. so no progress possible to see, not wins or progress in trading style. maybe i miss some points? so you had won from your 30 usd many millions in last 2 years and before losing? hmmmmmmm, i am not so sure about this, but because i have seen so many people tell many stories i dont believe hard facts without see in real of course. i can only say i have read this same story very often already and never was true... but this dont say for someone is maybe true.
i was always wondering why you use prop when you are big winner (would not happen with then very high opportunity costs), but when you still have this 30 and 50 usd accounts then make more sense. but then rest story dont match....
  • #30,231
  • Feb 12, 2024 9:09pm Feb 12, 2024 9:09pm
Quoting Takisd
I would strongly advise anyone considering using a firm/evaluation company/forextoilet who uses match trader to think twice.
Which props use match trader so that we can avoid them. Related question, why hasnt 5ers followed FTMO's lead and banned US residents yet? It seems that's the short time solution for props now until the dust settles. I only have accounts at FTMo and 5ers since they seem to be the most stable now but if 5ers is still accepting US residents then it seems that account is very much at risk.
  • #30,232
  • Feb 12, 2024 9:38pm Feb 12, 2024 9:38pm
Alright views on myflashfunding payout process
1. Account is available to trade right away after payout request.
2. Crypto payout takes 48hours and still waiting for mine(just now received the email for kyc which i already did with last funded account but nevermind)

OVERALL I FEEL IF THEY STAY IN BUSINESS ALL IS GOOD 6-6% target, cheap challenges easily under 700$ for 200k, fast credentials within few minutes …all good .. ONLY ISSUE IS EXECUTION SLIPPAGE IS THERE.
Extreme gut feeling trader
  • #30,233
  • Feb 12, 2024 9:46pm Feb 12, 2024 9:46pm
Quoting Trader191
{quote} i sound like a teacher
You sound like a newbie.
  • #30,234
  • Feb 12, 2024 9:55pm Feb 12, 2024 9:55pm
Quoting Trader191
{quote} tell me exactly what text from me looks like a troll?
All.
  • #30,235
  • Feb 12, 2024 10:47pm Feb 12, 2024 10:47pm
MAN!! What's going on here.. 100 million dollar people talks..
All going over my head, not mature enough to grasp all these..
  • #30,236
  • Feb 13, 2024 12:15am Feb 13, 2024 12:15am
Quoting montygoldy
Alright views on myflashfunding payout process 1. Account is available to trade right away after payout request. 2. Crypto payout takes 48hours and still waiting for mine(just now received the email for kyc which i already did with last funded account but nevermind) OVERALL I FEEL IF THEY STAY IN BUSINESS ALL IS GOOD 6-6% target, cheap challenges easily under 700$ for 200k, fast credentials within few minutes …all good .. ONLY ISSUE IS EXECUTION SLIPPAGE IS THERE.
I wonder why do they need again KYC. WTF ?!

Crypto is through Rise or direct withdraw ?

I'm surprised that the process is different from Blue. I thought the backoffice would be the same. In Blue we can't trade they approve the payout, which can take 48 business hours.
  • #30,237
  • Feb 13, 2024 12:32am Feb 13, 2024 12:32am
We've been seen a lot of moves about US but FXIFY is surprisingly quiet. They are backed by FXPIG. Any views on this Takisd ?
  • #30,238
  • Feb 13, 2024 12:35am Feb 13, 2024 12:35am
Quoting Capablanca
{quote} I wonder why do they need again KYC. WTF ?! Crypto is through Rise or direct withdraw ? I'm surprised that the process is different from Blue. I thought the backoffice would be the same. In Blue we can't trade they approve the payout, which can take 48 business hours.
they took direct crypto address.. so i believe its going to be direct… maybe there is a time limit on kyc ?? Who knows last time i did was in december
Extreme gut feeling trader
  • #30,239
  • Feb 13, 2024 1:22am Feb 13, 2024 1:22am
Quoting montygoldy
Alright views on myflashfunding payout process 1. Account is available to trade right away after payout request. 2. Crypto payout takes 48hours and still waiting for mine(just now received the email for kyc which i already did with last funded account but nevermind) OVERALL I FEEL IF THEY STAY IN BUSINESS ALL IS GOOD 6-6% target, cheap challenges easily under 700$ for 200k, fast credentials within few minutes …all good .. ONLY ISSUE IS EXECUTION SLIPPAGE IS THERE.
you receive your payout ?
keep going man !!!
  • #30,240
  • Feb 13, 2024 1:46am Feb 13, 2024 1:46am
Quoting HengkiTjen
{quote} you receive your payout ? keep going man !!!
not yet maybe tomorrow
Extreme gut feeling trader
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