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  • #29,901
  • Feb 9, 2024 5:25pm Feb 9, 2024 5:25pm
Quoting Cryptosurf
{quote} {image} I think they do offer MT4 and MT5. They reference to "4 by ThinkMarkets" and "5 by ThinkMarkets" in addition to Tradelocker.
Cool, their website and FAQ only mention Tradelocker and nothing else, but I see it on checkout. ThinkMarkets might not be an option next week... LOL
  • #29,902
  • Feb 9, 2024 5:33pm Feb 9, 2024 5:33pm
Quoting mrdfx
Hey guys, has anyone heard of this prop firm? They say they fund you with real capital. https://funderpro.com/
Hmmm... under Terms and Conditions, Services:

"4.2 The simulated trading uses financial market information, but you acknowledge that any trading carried out through the Services is not real. The funds provided for simulated trading are purely fictional and you have no right to keep or use these funds outside of the Services. You acknowledge that these fictitious funds cannot be used for actual trading and you will not receive payment for these funds. Unless explicitly stated otherwise, you will not receive any compensation or profits based on the results of your simulated trading and you will not be responsible for covering any losses."

Maybe that only applies to the evaluation and verifications phases though.
  • #29,903
  • Feb 9, 2024 5:38pm Feb 9, 2024 5:38pm
Quoting pipmaster77
{quote} Sure, let's take care of that too. Perhaps stop the fentanyl invasion at the border while we we're at it. By the way, how else would you describe the inner city?.......I'm a 6'0 240 lb former linebacker, I'm not walking the streets at night, are you? Anyway, you missed the entire point, we can come up with anotebook full of shit they need to atleast START working on that are much higher priority than some forex prop firms.
What you failed to highlight is this country has been built on violence. Let's not mention slavery but let's dive back into the goldrush era when lawless towns with fewer than a thousand people were seeing a murder week. That's why it's best to keep politics out of this thread. That was my point. What gives you the right to stereotype a city, have you experienced it? I have. I'm happy to report I did and I served my country for 26 years, retired, 100% disabled vet and thankfully I don't have to work again if I don't choose to. I voted for Bush twice, not Trump. That's the last political input I will ever post in this thread. Let's keep this about trading please. Your or my political opinion doesn't matter in this thread.
  • #29,904
  • Feb 9, 2024 5:39pm Feb 9, 2024 5:39pm
Section 10 about news, rollovers, and holidays under Terms and Conditions are some of the most onerous I've ever seen. You definitely want a swing account with these guys.
  • #29,905
  • Feb 9, 2024 5:46pm Feb 9, 2024 5:46pm
Quoting pipmaster77
{quote} Sure, let's take care of that too. Perhaps stop the fentanyl invasion at the border while we we're at it. By the way, how else would you describe the inner city?.......I'm a 6'0 240 lb former linebacker, I'm not walking the streets at night, are you? Anyway, you missed the entire point, we can come up with anotebook full of shit they need to atleast START working on that are much higher priority than some forex prop firms.
Furthermore, I was in the jungles chasing the subs and go-fasts with millions of dollars of narcotics so please save your discussion for another political forum please. You know now what you're talking about and I'm not going to dispute this issue but it's deeper than you know. I don't care what administration is in office. You have thousands of decent law enforcement officers putting their lives on the lines daily so that's an insult to those brave men and women. Let's just keep it to trading.
  • #29,906
  • Feb 9, 2024 6:29pm Feb 9, 2024 6:29pm
Quoting AaronPriest
Section 10 about news, rollovers, and holidays under Terms and Conditions are some of the most onerous I've ever seen. You definitely want a swing account with these guys.
Yeah, it’s a hard pass. Perhaps Expo or Monty can be the guinea pig.
Trade with confidence, trade without fear.
  • #29,907
  • Edited 7:02pm Feb 9, 2024 6:46pm | Edited 7:02pm
Quoting AaronPriest
Section 10 about news, rollovers, and holidays under Terms and Conditions are some of the most onerous I've ever seen. You definitely want a swing account with these guys.

well, DAILY PAYOUTS …I have not seen that before
  • #29,908
  • Feb 9, 2024 6:52pm Feb 9, 2024 6:52pm
Myfundedfx new discount. I think this is the biggest i’ve even seen they do
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Extreme gut feeling trader
  • #29,909
  • Feb 9, 2024 7:12pm Feb 9, 2024 7:12pm
Quoting Cryptosurf
{quote} Yeah, it’s a hard pass. Perhaps Expo or Monty can be the guinea pig.
Profit targets 10% and 8%, consistency rules, and garbage prices.

No thanks.
Pride always comes before destruction.... -Proverbs 16:18
  • #29,910
  • Feb 9, 2024 7:53pm Feb 9, 2024 7:53pm
Quoting Stoneyrocks
{quote} well, DAILY PAYOUTS …I have not seen that before
One friend I have who has used them said you don’t have to close trades to get paid either.
  • #29,911
  • Feb 9, 2024 8:22pm Feb 9, 2024 8:22pm
Quoting navk
MT5 services for USA citizens and residents will soon be discontinued, not only for us but for the entire prop industry within the next 2 to 8 weeks.
This sucks so hard. As a 100% algo trader, that means I'm basically dead in the water until I can port my algos to whatever new platform ends up being the main thing.

I don't think DxTrade even has algo trading capabilities, except maybe through the TradingView integration, and TV doesn't have any kind of strategy optimizer like MT5.

cTrader seems to have some capabilities in that regard, but that's a whole new learning hill to climb. Anyone here successfully moved algos from MT5 to cTrader?
  • #29,912
  • Feb 9, 2024 8:27pm Feb 9, 2024 8:27pm
Quoting CableJ
Good thing I didn't start my plan to take challenges with 10-15 funding companies similar to Monty... there is lot's of US, FXPX, Purple/Blueberry/Thinkmarkets/8cap exposure in that 10-15 group.
I'm in 8 already, was planning on about that many more. I'm already on hold with TFF since they shut down MT5 a few weeks ago. This is gonna really cramp my style.

Guess it's time to go start learning Python to trade my own stuff for a while 'til this all settles out.
  • #29,913
  • Feb 9, 2024 8:39pm Feb 9, 2024 8:39pm
Quoting Expo33
{quote} Profit targets 10% and 8%, consistency rules, and garbage prices. No thanks.
grandmaster says no … m out as well… btw if any one interested in reveiw for formedfunding (created by funndedengineer guys) wirh their own tech as they say .. buying their challenge on monday n lets see how it goes
Extreme gut feeling trader
  • #29,914
  • Edited 11:15pm Feb 9, 2024 11:03pm | Edited 11:15pm
Quoting montygoldy
{quote} today is a bummer i balooned it to 40k then the losing day today back to 31k i think i am not going to be record payout holder what a bummer … {image}
Alright guys here comes the twist from Myflashfunding they denied my payout of 30700$ and sent me a email just now saying i have breached my account. The reasoning is my high watermark for the day is 208k and i lost 4% daily drawdown so i lost. Hilarious my payout request is 30700 and they saying my highest was 208k.... I contacted the support they said they get back to me in 2 days...
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Extreme gut feeling trader
  • #29,915
  • Feb 9, 2024 11:14pm Feb 9, 2024 11:14pm
Quoting JustPipMe
Just got a Kraken account. Brand new to crypto, so will get up to speed this weekend. Will only use for trading transactions. Which coin should I go in and out of for sending/receiving funds? BTC? Litecoin? Or?…
Hello JustPipMe,

I trust you're well & congratulations with your Kraken account.

Please be advised, with utmost care & respect, there is no way you will be up to speed over the weekend with the vast expanse of critical nuances which are vital you gain an inert understanding of should you wish to leverage the value-adds of Crypto at the core.

What I suggest you gain thorough insight of as a starting point is the critical variables along with Pros & Cons of Custodial & Non-Custodial Wallets/Exchanges.

Exchanges such as Kraken are custodial & as such you, literally don't have full stewardship of your Crypto vs decentralized exchanges where you do. This is overly simplifying a complex topic but included in broad strokes to give you the general idea.

This thread is not about Crypto so me including too much specificity may frustrate or anger some Traders however should you require any guidance I am glad to help where I can if you wish to PM.

There's great benefits to be leveraged from the Central Exchanges since I have accounts with Binance, Kraken, Gemini & Coinbase but it's critical that you understand the importance of how to migrate your profits & off-chain crypto onto cold wallets in a safe & "Tax-Optimised" manner.

The major drawback with custodial wallets is you are not provided with your seed phrase & private keys. You are only issued with the public keys so you can transact the Crypto which is allocated to your hot wallet. When the Exchange folds or exit scams, such as most recently FTX & Long-ago others such as Mt. Gox, Three Arrows, Celsius etc. your crypto is gone up in smoke with them. There is a quip which is colloquially known in Crypto circles which goes as follows:

"Nacha Keys, Nacha Coin!"

This is since with Decentralized Cold Wallet Exchanges, you are provided with your seed phrase & private key. If you lose that information by some chance, nobody can retrieve it for you & the Bitcoin remains somewhere in the ether on the blockchain which nobody can access.

I apologise for not having provided more in-depth information but rest assured I will be glad to advise further as & if you require further clarity.

Wishing you & all on the thread a pleasant day ahead & May The Markets Go With You, Especially if you're trading Weekends, since Crypto, Unlike FX, runs Reel to Reel.

Des
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #29,916
  • Feb 9, 2024 11:23pm Feb 9, 2024 11:23pm
Quoting montygoldy
{quote} Alright guys here comes the twist from Myflashfunding they denied my payout of 30700$ and sent me a email just now saying i have breached my account. The reasoning is my high watermark for the day is 208k and i lost 4% daily drawdown so i lost. Hilarious my payout request is 30700 and they saying my highest was 208k.... I contacted the support they said they get back to me in 2 days... {image} {image} {image}
That's really terrible, hopefully they will send the payment. These smaller funding companies really need a profit limit. What's the point of 200-400K accounts when they wont pay 10% on that money.
  • #29,917
  • Feb 9, 2024 11:32pm Feb 9, 2024 11:32pm
Quoting CableJ
{quote} That's really terrible, hopefully they will send the payment. These smaller funding companies really need a profit limit. What's the point of 200-400K accounts when they wont pay 10% on that money.
The logic is hilarious. The customer care guy keep saying you breached 4% with 208k watermark. Check the chats he thinks customers are stupid. THen i asked him to check the trade history and payout request then he realised....
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Extreme gut feeling trader
  • #29,918
  • Feb 9, 2024 11:35pm Feb 9, 2024 11:35pm
Quoting montygoldy
{quote} Alright guys here comes the twist from Myflashfunding they denied my payout of 30700$ and sent me a email just now saying i have breached my account. The reasoning is my high watermark for the day is 208k and i lost 4% daily drawdown so i lost. Hilarious my payout request is 30700 and they saying my highest was 208k.... I contacted the support they said they get back to me in 2 days... {image} {image} {image}
Don't you use a stop robot? I programmed this one. It close all trades if my balance get below the "MindsteBeløb" - in english "Lowest balance". Hence I never unexpected violate DD.

EDIT: And it sets a Max for the day where it takes profit. Alas I don't make 10% a day. 2% a day is fine.

If I would like to take unlimited profit a day, the robot would then update the "Lowest balance" according to the Equity balance at all times securing DD limited is not violated.
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MetaTrader 4 - so many advantages.
  • #29,919
  • Feb 9, 2024 11:40pm Feb 9, 2024 11:40pm
Quoting montygoldy
{quote} Alright guys here comes the twist from Myflashfunding they denied my payout of 30700$ and sent me a email just now saying i have breached my account. The reasoning is my high watermark for the day is 208k and i lost 4% daily drawdown so i lost. Hilarious my payout request is 30700 and they saying my highest was 208k.... I contacted the support they said they get back to me in 2 days... {image} {image} {image}
brother MONTYGOLDY you are on steroids believe me, you are going VERY FAST
you need to SLOW DOWN yourself

if this metaquotes matter would not happened, you would have bought 2 million worth of challenges already and passing in just 1 month
you are going very fast
you will leave behind andrew nfx and jadecap

seriously its very tough to receive payout, these companies can deny anytime
i don't believe on these prop firms now, especially when it is started by some tom, dik and harry

some of these prop firms are managing by 20 year old kids that are too young to do this kind of stuff
they think that people will lose the challenge and they will enjoy with their challenge fees
and till the time they pass it, they will themselves trade on those challenge fees and double tripple it themselves
but they don't see that there are very fast cunning and brilliant traders as well that can generate like 20% 30% profit on funded accounts

when I see in leaderboards i see there that really some traders are making that much return in 1 month on funded accounts
but later i sometimes think that this leaderboard can be fake also to induce traders to compete with them and lose funded accounts
and again stuck in rat race to pass the challenge and get funded aagain and this whole cycle keeps going on and on until a trader stop looking others
and ready to settle with less..

to me, now this prop firm is like, just take the money from people
trade on people money make it double tripple
keep people busy in playing trading game on demo accounts
  • #29,920
  • Feb 9, 2024 11:43pm Feb 9, 2024 11:43pm
Quoting RiskFighter
{quote} Don't you use a stop robot? I programmed this one. It close all trades if my balance get below the "MindsteBeløb" - in english "Lowest balance". Hence I never unexpected violate DD. {image}
bro i do manual trading so i am already careful .......
Extreme gut feeling trader
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