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  • #41,161
  • Aug 24, 2024 2:16pm Aug 24, 2024 2:16pm
Can anyone provide information about ICFunded? I would like to start a challenge in September, preferably to swing conditions.
I'm particularly interested in:
- Pay out in time (14-30d)
- the contract is clear (as seen so purchased and not any innovations that you have to constantly look for yourself on the Discord, x...
- Can I work with the 5% DD daily or are there 1% limitations... restrictions (policy on prohiibeted trading I have red)
- night/Weekend holdig is allowed? News trading?
- dashboard works without interruptions
- Great Slippage under normal conditiones?

thanks for information if anyone has already tried this prop out, otherwise I will write about here later.
  • #41,162
  • Aug 24, 2024 2:38pm Aug 24, 2024 2:38pm
Quoting montygoldy
Alrights Gents.... Requested 1200$x3 from myfundedfutures and within an hour its been deducted from my trading account... Thats a lovely part can trade on sunday evening... But the payout is still under review maybe on monday it'll be approved thats what support said friday evening and weekend doesn't count.... {image}
Are you trading the starter account on mffu?
What's your payout strategy?

  1. You can withdraw 1.2k every 5 days for a 50k account
  2. After 6k in payouts or 30 winning days you'll be moved to a live account. Extra profit will be forfeited after this.
  3. After the first payout, the drawdown will be moved to 50.1k.

Seems that it's designed to make traders leave some money in the bank before being moved to funded or slowdown the profit to max out the 6k withdrawal. You'll need to earn a large sum before the first payout to build a buffer and then slow down profitability unless you want to leave money in the bank when moved to live funded.

Maybe should have gone for expert instead.

  • #41,163
  • Aug 24, 2024 3:10pm Aug 24, 2024 3:10pm
Quoting maltrader
{quote} Are you trading the starter account on mffu? What's your payout strategy? You can withdraw 1.2k every 5 days for a 50k account After 6k in payouts or 30 winning days you'll be moved to a live account. Extra profit will be forfeited after this. After the first payout, the drawdown will be moved to 50.1k. Seems that it's designed to make traders leave some money in the bank before being moved to funded or slowdown the profit to max out the 6k withdrawal. You'll need to earn a large sum before the first payout to build a buffer and then slow...
If you followed me from the beginning then you should have known I AM VERY CHEAP WHEN IT COMES TO EVALS....

My strategy i mentioned before. --> First 5 days clear the threshold + 1200$ which is achieved. Now after payout i have 2500$ in there which is more than enough for me. Now i'll be aiming 200-300$ a day to get a weekly payout.... As long they pay me i dont care live, simulated or demo any type of account.

If i can acheve 1200$x3 weekly from them consistently thats a win and more than enough for me.

NOw for me my only Kryptonite is topstep where i am net loser not a single payout yet. Now will do the same on topstep as well --> aim for 1k a day for 5 days get the threshold done with and then take rest out.
Extreme gut feeling trader
  • #41,164
  • Aug 24, 2024 4:55pm Aug 24, 2024 4:55pm
Quoting Isabella_D
Can anyone provide information about ICFunded? I would like to start a challenge in September, preferably to swing conditions. I'm particularly interested in: - Pay out in time (14-30d) - the contract is clear (as seen so purchased and not any innovations that you have to constantly look for yourself on the Discord, x... - Can I work with the 5% DD daily or are there 1% limitations... restrictions (policy on prohiibeted trading I have red) - night/Weekend holdig is allowed? News trading? - dashboard works without interruptions - Great Slippage under...
I'm still in phase 1 so I can't help much. They have a nice pdf where a lot of those questions are answered.

In phase 1 spreads are very tight, just like ICMarket. Execution is great for trades like 5 or 6 lot of EURUSD or GBPUSD. Commission are expensive, just like ICMarkets: $7 per forex lot
Attached File(s)
File Type: pdf Evaluation-Rules-1.pdf   491 KB | 353 downloads
  • #41,165
  • Aug 24, 2024 9:18pm Aug 24, 2024 9:18pm
Just a warning if anyone wanna use alpha-futures. They use stripe for buying evals. I always use credit card to buy challenges. I checked the statement i was charged with cash advance fees on each challenge buy from them i.e 3. I asked my bank they said thats their payment gateway.
Extreme gut feeling trader
  • #41,166
  • Aug 24, 2024 9:25pm Aug 24, 2024 9:25pm
Quoting Expo33
I have finished the calibration phase for all 3 of my Dzero forex accounts. On Monday I will get my Darwin Index for each account. The risk adjustment has been applied which is shown below. I've marked in red what the actual account numbers were before the adjustment. It seems the adjustment actually helped more than it hurt in the overall scheme of things. I was already determined to cancel account three and was kind of using it as an experiment. I'm assuming the risk adjustment took into account my Friday D-leverage disaster but I'm not sure....
Excellent results. Congrats. How about the Current Risk Ratio for all accounts?
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #41,167
  • Edited 9:54pm Aug 24, 2024 9:41pm | Edited 9:54pm
Quoting RoelsMajor
{quote} Excellent results. Congrats. How about the Current Risk Ratio for all accounts?
Thank you.

I wont know until Monday or do you mean whats my personal risk/reward per trade
Pride always comes before destruction.... -Proverbs 16:18
  • #41,168
  • Aug 24, 2024 9:54pm Aug 24, 2024 9:54pm
Quoting Expo33
{quote} I wont know until Monday or do you mean whats my personal risk/reward per trade
Current Risk Ratio on Live Trade. Well, See you in Monday then.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #41,169
  • Aug 24, 2024 11:11pm Aug 24, 2024 11:11pm
Quoting RoelsMajor
{quote} Current Risk Ratio on Live Trade. Well, See you in Monday then.
I will inform you guys, if i get 30k account in 1 week time.

Intraday only.
  • #41,170
  • Edited 11:39pm Aug 24, 2024 11:21pm | Edited 11:39pm
Quoting navk
{quote} I will inform you guys, if i get 30k account in 1 week time.
If I can generate profit, there's a guarantee of getting $30k, but it's very little. The target now is $50k. But how to approach this? By strictly following Darwinex's rules, or by sticking to my personal trading style? Isn't that so?

See this post: https://www.forexfactory.com/thread/...2#post14975392

Conclusion: You can still win in the long term with the YOLO method for DZero, but the costs incurred will increase. Alternatively, following the risk engine constraints that we have learned together and slowly increasing profit, doesn't necessarily mean the costs incurred will be lower.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #41,171
  • Aug 24, 2024 11:59pm Aug 24, 2024 11:59pm
Quoting RoelsMajor
{quote} If I can generate profit, there's a guarantee of getting $30k, but it's very little. The target now is $50k. But how to approach this? By strictly following Darwinex's rules, or by sticking to my personal trading style? Isn't that so? See this post: https://www.forexfactory.com/thread/...2#post14975392 Conclusion: You can still win in the long term with the YOLO method for DZero, but the costs incurred will increase. Alternatively, following the risk engine constraints that we have learned...
my index jumped from 58 to 64 in one day.

By yolo method trading.

I saw it myself. Index will decide funding. VAR ?
Intraday only.
  • #41,172
  • Aug 25, 2024 12:08am Aug 25, 2024 12:08am
Quoting navk
{quote} my index jumped from 58 to 64 in one day. By yolo method trading. I saw it myself. Index will decide funding. VAR ?
VAR will decide Indexing...
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #41,173
  • Aug 25, 2024 12:12am Aug 25, 2024 12:12am
Quoting RoelsMajor
{quote} VAR will decide Indexing...
how
Intraday only.
  • #41,174
  • Aug 25, 2024 12:19am Aug 25, 2024 12:19am
Quoting navk
{quote} how
How to increase the index if VAR is more than 6.5% per month? Of course, your Current Risk Ratio will drop. Who finds it easier to raise the index if the Current Risk Ratio = 2x, or 1.40x like Pip compared to 0.71x or 0.12x or 0.50x?
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #41,175
  • Aug 25, 2024 12:25am Aug 25, 2024 12:25am
Quoting RoelsMajor
{quote} How to increase the index if VAR is more than 6.5% per month? Of course, your Current Risk Ratio will drop. Who finds it easier to raise the index if the Current Risk Ratio = 2x, or 1.40x like Pip compared to 0.71x or 0.12x or 0.50x?
Which var you talk about ?
Attached Image (click to enlarge)
Click to Enlarge Name: darwin risk.png Size: 32 KB
Intraday only.
  • #41,176
  • Aug 25, 2024 12:29am Aug 25, 2024 12:29am
Quoting navk
{quote} Which var you talk about ? {image}
Yes that VAR, overlimit more than 6.5% a month, now lets see you Current Risk Ratio, is it drop below 1?
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #41,177
  • Aug 25, 2024 12:31am Aug 25, 2024 12:31am
Quoting RoelsMajor
{quote} Yes that VAR, overlimit more than 6.5% a month, now lets see you Current Risk Ratio, is it drop below 1?
My risk ratio is 0.71 as you see
Intraday only.
  • #41,178
  • Aug 25, 2024 12:34am Aug 25, 2024 12:34am
Quoting montygoldy
{quote} If you followed me from the beginning then you should have known I AM VERY CHEAP WHEN IT COMES TO EVALS.... My strategy i mentioned before. --> First 5 days clear the threshold + 1200$ which is achieved. Now after payout i have 2500$ in there which is more than enough for me. Now i'll be aiming 200-300$ a day to get a weekly payout.... As long they pay me i dont care live, simulated or demo any type of account. If i can acheve 1200$x3 weekly from them consistently thats a win and more than enough for me. NOw for me my only Kryptonite is...
Yeah, you're right. As long as we can get a few payouts that's good enough.
  • #41,179
  • Edited 12:57am Aug 25, 2024 12:36am | Edited 12:57am
Quoting navk
{quote} My risk ratio is 0.71 as you see
Overlimit D-Leverage above 9.75 -----> Overlimit VAR above 6.5% -----> Current Risk Ratio drop below 1 -----> Index slowly raising if generate profit
Underlimit D-Leverage below 9.75 -----> Underlimit VAR below 6.5% -----> Current Risk Ratio raise above 1 -----> Index quickly raising if generate profit

Thats all
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #41,180
  • Aug 25, 2024 12:36am Aug 25, 2024 12:36am
My risk ratio is 0.71
Attached Image (click to enlarge)
Click to Enlarge Name: darwin risk.png Size: 25 KB
Intraday only.
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