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  • #31,281
  • Feb 20, 2024 10:20am Feb 20, 2024 10:20am
Quoting Mitiblotch
{quote} Thanks for your response. I decided to go with FTMO yesterday. Hopefuly it goes well. I don't trade aggressively anyway.
Yes, if you pull some of my old posts......the way to trade these accounts is using the max DD as your actual account size. So 100K with 10K loss trade as if it's a 10K personal account. In this manner, you should never blow the account AND never make too much to be denied or banned.
  • #31,282
  • Feb 20, 2024 10:22am Feb 20, 2024 10:22am
Quoting pipmaster77
{quote} Yes, if you pull some of my old posts......the way to trade these accounts is using the max DD as your actual account size. So 100K with 10K loss trade as if it's a 10K personal account. In this manner, you should never blow the account AND never make too much to be denied or banned.
Exactly, that's what I do. For my 100k account the max loss I can ever incur for all open trades is 1k. That's the way I set up my SL.
  • #31,283
  • Feb 20, 2024 10:23am Feb 20, 2024 10:23am
Quoting Fisher755
Potencial FTMO problem? Waiting for approval for 28 hours, previous good number of payouts never took more then 4-5 hours, so maybe prop space problems have bigger spill over effects on the giant one....US traders can feel better then.. oh..and by the way...the certificate for this not yet approved payout received 26 hours ago....together with new account credentials. {image}
Approved an hour ago. So this time happy ending still...until EU regulator decides to copy US.
PVSRA
  • #31,284
  • Feb 20, 2024 10:26am Feb 20, 2024 10:26am
Just answered my own question as I message E8Markets & NO MORE USA traders until they implement Match Trader & then business as usual USA traders will be accepted.
  • #31,285
  • Feb 20, 2024 10:30am Feb 20, 2024 10:30am
Anyone ever hear/see a payout denial or a banned trader at the 5%ers?
I know I have been praising them lately, and TBH, I just realized I have never seen any payout drama with them
  • #31,286
  • Feb 20, 2024 10:48am Feb 20, 2024 10:48am
Quoting pipmaster77
Anyone ever hear/see a payout denial or a banned trader at the 5%ers? I know I have been praising them lately, and TBH, I just realized I have never seen any payout drama with them
If there was it would be on trustpilot.
  • #31,287
  • Feb 20, 2024 10:51am Feb 20, 2024 10:51am
Quoting Fisher755
{quote} Approved an hour ago. So this time happy ending still...until EU regulator decides to copy US.
Hopefully they don't. Well, I'm in the UK so technically still safe.
  • #31,288
  • Feb 20, 2024 11:22am Feb 20, 2024 11:22am
Quoting pipmaster77
Anyone ever hear/see a payout denial or a banned trader at the 5%ers? I know I have been praising them lately, and TBH, I just realized I have never seen any payout drama with them
Ive had no issues with them and have been funded since 2022. Largest payout Ive had was $32,000 and it was paid promptly and with no hassle (or request/demand for an interview)
  • #31,289
  • Feb 20, 2024 11:51am Feb 20, 2024 11:51am
Quoting Zuke
{quote} Ive had no issues with them and have been funded since 2022. Largest payout Ive had was $32,000 and it was paid promptly and with no hassle (or request/demand for an interview)
Yes, I've had no issues either. Haven't hit 32K yet. They just seem to quietly do their thing.....no drama, no headaches, no crazy social media idiocy.
  • #31,290
  • Feb 20, 2024 12:02pm Feb 20, 2024 12:02pm
Quoting Zuke
{quote} Ive had no issues with them and have been funded since 2022. Largest payout Ive had was $32,000 and it was paid promptly and with no hassle (or request/demand for an interview)
Have you scaled up?.. mind sharing how it....
Extreme gut feeling trader
  • #31,291
  • Feb 20, 2024 12:21pm Feb 20, 2024 12:21pm
Quoting Takisd
{quote} If there was it would be on trustpilot.
The only thing I read about 5ers is having interviews with the trader to understand if they are the ones trading and what their strategy is and, in some cases, recommending to risk only 1% of the account per trade.
  • #31,292
  • Feb 20, 2024 12:49pm Feb 20, 2024 12:49pm
Quoting Capablanca
{quote} The only thing I read about 5ers is having interviews with the trader to understand if they are the ones trading and what their strategy is and, in some cases, recommending to risk only 1% of the account per trade.
I think they have paid and removed some people but i cant remember. For the most part they are clear and trustworthy. My gripe with them is the unsavory history of the owner and his arrogance.
  • #31,293
  • Feb 20, 2024 12:50pm Feb 20, 2024 12:50pm
Quoting Capablanca
{quote} The only thing I read about 5ers is having interviews with the trader to understand if they are the ones trading and what their strategy is and, in some cases, recommending to risk only 1% of the account per trade.
Yes. Saw that as well. Looks like mostly folks who got cuaght cheating in some form. Never a denial or ban for making too much though.....interesting.
  • #31,294
  • Feb 20, 2024 1:03pm Feb 20, 2024 1:03pm
You seem to forget that money from challenges will stop flowing in since US customers are banned. I guess you will see a difference face of those prop firm owners, including the ones on top of your list.

Let's be honest. It's a dirty business for those who start those prop firms. You bet on your customers to lose money so you can make some cash. I will never forget all their lies about live accounts and "we win when you win" or "we are looking for profitable traders".

I mean, you can't engage in such business if you are a normal person with a minimum of ethics, can you?
Don't give up on your dreams. Keep sleeping.
  • #31,295
  • Feb 20, 2024 1:22pm Feb 20, 2024 1:22pm
Quoting Artcool
You seem to forget that money from challenges will stop flowing in since US customers are banned. I guess you will see a difference face of those prop firm owners, including the ones on top of your list. Let's be honest. It's a dirty business for those who start those prop firms. You bet on your customers to lose money so you can make some cash. I will never forget all their lies about live accounts and "we win when you win" or "we are looking for profitable traders". I mean, you can't engage in such business if you are a normal person with a minimum...
99% of brokers are just as, if not more dirty....forex in general is a very scammy space.
  • #31,296
  • Feb 20, 2024 1:27pm Feb 20, 2024 1:27pm
Quoting ianhjulberg
{quote} I can't recreate my template from MT4. I feel like I can't even trade. This is eff'd.
Open a Mt4 demo with traditional broker, apply template. Click buy or sell on whatever platform your prop uses.
  • #31,297
  • Feb 20, 2024 1:33pm Feb 20, 2024 1:33pm
Quoting rizla101
{quote} Open a Mt4 demo with traditional broker, apply template. Click buy or sell on whatever platform your prop uses.
That's how I did it. Started doing this way back in the day when I was trading with the US scams, I mean brokers.......did not want them to see any of my areas of interest.
  • #31,298
  • Feb 20, 2024 1:35pm Feb 20, 2024 1:35pm
Quoting pipmaster77
{quote} 99% of brokers are just as, if not more dirty....
Exactly right - if you limit the comment to forex/CFD brokers, or rather, to market-makers pretending to be brokers (as they almost all are).

Obviously not true of futures, at all.

Quoting Artcool
I will never forget all their lies about live accounts and "we win when you win" or "we are looking for profitable traders".
No, indeed. All lies. Unless you use an honest futures funding firm, of course: if you do that, obviously once they’ve funded you, they can only win anything when you win, so they have to be on your side.

Quoting Artcool
I mean, you can't engage in such business if you are a normal person with a minimum of ethics, can you?
No, you can’t. Well said.
  • #31,299
  • Feb 20, 2024 2:03pm Feb 20, 2024 2:03pm
Quoting rizla101
{quote} Open a Mt4 demo with traditional broker, apply template. Click buy or sell on whatever platform your prop uses.
I guess that's what I'll have to do.
  • #31,300
  • Feb 20, 2024 2:40pm Feb 20, 2024 2:40pm
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