I understand 100%. It's a trust in the trader. Leniency should not lead to abuse of that feature. Understood!

The5ers - Trading & Growth Program

Instead of over complicating it, just ask the question correctly, cause your follow up was nothing but irrelevant statements and examples. You can pass the 40k account evaluation, but after a few months of being a portfolio manager, you want to ...

The5ers - Trading & Growth Program

I watched this last night before i went to bed. I have to say, the idea that you hedge when going over the max exposure part is interesting. So its not that its forbidden, so to speak. It just hedges whatever goes over the exposure so it nets zero. ...

The5ers - Trading & Growth Program

When I first read his post this is exactly what I thought, cause I've seen it. The idea of a dopamine addiction comes from the high of gambling. If you're just gambling, and that is whats getting you off, then you aren't trading with a set of clear ...

What I learned after losing $300,000 trading forex

It gets a little complicated but there would be a total change in the way your order is processed compared to the ECN route. You would find a regulated broker with DMA (direct market access) and then they would give you a FIX API. Here is one method ...

What I learned after losing $300,000 trading forex

Lol doesn't matter. Point is it happens which is why they have the bulk ordering. Even during London I'd rather just have the bulk order than have the possibility of the slippage, which is the point of the example. That there is a more advanced way ...

What I learned after losing $300,000 trading forex

That's exactly what's happening. To sum it up, they are accusing him of intentional arbitrage. I do think their tone implies guilt though. The whole "risk free" is ridiculous, how does the funded trader know your copy software got bugged just from ...

FTMO - For serious traders

There is no crappy price. i like this word crappy. But, have you ever tried to fill 40 lots on a live account? I have, you get crazy slippage. And I'm talking like you buy long and your price is filled 15-30 pips above. When your institutional get ...

What I learned after losing $300,000 trading forex

That is probably what people said about FTMO but they got rid of their ridiculous rule of 50% positive days and reduced news trading from +/- 5 minutes to +/- 2 minutes. The benefit that 5%ers has is you can tell, 100% they are also traders, so they ...

The5ers - Trading & Growth Program

One of the reasons I went with that first scenario is the data stream doubled up on bars but with different open/close times. So we're see two data streams. I don't have any open trades either. When they re-added .lmax on Monday Asia morning but the ...

FTMO - For serious traders

It isn't rare, it's exactly what I said in my first reply to them. Max 4% total risk, plus max 1.5% risk per trade, plus max 0.65 exposure. The issue is the max exposure is so tight it doesn't correspond to the 4% or 1.5%. I get their perspective, ...

The5ers - Trading & Growth Program

I'm not saying LMAX is multiple LP's. I'm saying LMAX is a LP. The purpose of this transfer was to include more LP's other than LMAX alone. They also stated our charts would be switched over to the new LP's charts, so we'd see a difference in ...

FTMO - For serious traders

Incorrect. The floating of the .lmax suffix is still moving, so we are still connected to the previous LP's, it's just not for their charting. Ever see a broker that only has 2 months worth of history on a chart, but another broker has 5 years? ...

FTMO - For serious traders

Gotta understand how it works. Multiple LP system, the execution goes to the best priced LP. People's SLs are getting skipped because the price is getting sent to a server that doesn't even have that symbol suffix. That's why they initially had to ...

FTMO - For serious traders

I KNEW this was going to be a problem. They should've only released a new server for the funded accounts, not challenges. They are transferring data AND changing the symbol names. Funded traders don't hold their trades over the weekends. Challenges ...

FTMO - For serious traders

Gil, why you doing this to me Gil! So quick follow up. In MT4, since its a set value and not 5:1, even though someone may open 0.65, there isn't a possibility that free margin goes negative or that it closes due to margin reaching zero. ...

The5ers - Trading & Growth Program

I have three questions for the OP. 1. Is the max exposure actually 5:1 margin, or do you have it set as as the number 0.65. I ask because a standard lot 0.65 isn't the same as me opening 0.65 on AUDNZD when my pip value is something like $6.50, not ...

The5ers - Trading & Growth Program

BluFX is the most restrictive of all the programs. Their funding is 3:1 buying power is worse than 5%ers. For 52k USD you'd only be able to open 0.3 lots TOTAL. I think majority of traders see 4% max risk compared to FTMO's 5% daily 10% total and go ...

The5ers - Trading & Growth Program

I totally understand what you're saying. In fact, when I first looked into FTMO, I did the same thing. First try to really understand the business model and make sure the conditions didn't put me at an unnecessary advantage. Once they removed the ...

FTMO - For serious traders

I just slammed 'em in their comment section. it's the dumbest review for legitimacy I've ever seen. Every firm, whether it be prop, institutional, private, hedge, bank, ALL have their own criteria. A fee gives people a chance who don't have a resume ...

FTMO - For serious traders