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  • #161
  • Mar 24, 2021 11:28am Mar 24, 2021 11:28am
Quoting mizi123
{quote} These trader have passed 300 K challanges and now wia his website have spleted these 300 K to smaller portions from 10K so 300/10 K = 30 - 10 K accouns and for each challange he charges 60 $ he have simplifed rules so now he has build some sort of small company with ftmo... history is complicated i will explain it another time.... {image}
I have talked about him in FTMO thread years ago, He read my comment and other people comment after that he stop posting in his YouTube channel. Now probably he get active again.
MA provides the market's current direction and strength.
  • #162
  • Edited 1:18pm Mar 24, 2021 12:52pm | Edited 1:18pm
Quoting Takisd
{quote} I'm saying that there is more to the story than he has concluded. Including a professional handling of the situation. If you want to know what MFF did you can read their public statement and talk to them yourself. I am not speaking on their behalf. What I am saying is that his thread is mildly convenient for him and not updated.
Thanks, I went to check with them too. I find it weird they didn't at least drop by his thread and disprove him Will adopt a wait and see approach where they are concerned (for now).

ps: they told me different story btw... I asked SKLearn about it.
  • #163
  • Edited 1:55pm Mar 24, 2021 1:18pm | Edited 1:55pm
MFF aka MyForexFunds, a shady prop firm, who scams people, is now also outright liars;

that fraudster is telling everyone that they did not pay me because I violated the rule. what a joke.

Damn...what a fraud shady firm run by bunch of fraudsters.

Crooks at the core.

Do not waste your time, money and energy with these MFF Scam Artists.

holy crap... they keep telling different things to different people

they likely have to sit down together and come up with one standard template answer, now on, for the questions about this issue.

They will cook another reason... well known scammers; liars now.
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Determination + Persistence = Success
  • #164
  • Mar 24, 2021 2:16pm Mar 24, 2021 2:16pm
Yes boys! Take care of these "firms". FTMO and the like, many suspicious proofs...
Always ready to help
  • #165
  • Mar 25, 2021 10:08am Mar 25, 2021 10:08am
From 1:34 - 1:36 the founder of Enfoid verifies what abryan said in this post: https://www.forexfactory.com/thread/...4#post13462004

Inserted Video
  • #166
  • Mar 25, 2021 10:25am Mar 25, 2021 10:25am
Quoting Dmh
From 1:34 - 1:36 the founder of Enfoid verifies what abryan said in this post: https://www.forexfactory.com/thread/...4#post13462004 https://youtu.be/OPKqSgyuxsU?t=5641
wow, that's really good to know. solidifies them as top 2 on my list.
  • #167
  • Mar 25, 2021 11:14am Mar 25, 2021 11:14am
Quoting SKLearn
MFF aka MyForexFunds, a shady prop firm, who scams people, is now also outright liars; that fraudster is telling everyone that they did not pay me because I violated the rule. what a joke. Damn...what a fraud shady firm run by bunch of fraudsters. Crooks at the core. Do not waste your time, money and energy with these MFF Scam Artists. holy crap... they keep telling different things to different people they likely have to sit down together and come up with one standard template answer, now on, for the questions about this issue. They will...
thanks for sharing this information. so Myforexfund and Funding talent is scam.
MA provides the market's current direction and strength.
  • #168
  • Mar 25, 2021 11:26am Mar 25, 2021 11:26am
Quoting Koop
{quote} wow, that's really good to know. solidifies them as top 2 on my list.
Agree 100%. Now that I've studied and even tried a different model, the challenge/verification model is far superior for the trader than the 1.5 or 2x your account scaling model with DD being equal to or even less than the fee you pay. I encourage everyone who is after funding to do that simple math....what is the DD you are getting vs the fee you are paying and what is the target vs the allowed loss.
  • #169
  • Mar 28, 2021 1:11am Mar 28, 2021 1:11am
FTMO Challenge ($200K).

Trading Objectives require that:

a) trade over a 30 day period;
b) minimum of 10 trading days;
c) MDL of $10000;
d) ML of $20000; and
e) PT of $20000.

TE will be public for the duration of the challenge although stops and targets may be hidden.

MT4 platform will be used in this example since cTrader cannot be linked to the TE system but my preference is definitely to trade via cTrader in the choices being offered.

Let's play!

Masterrmind .........
Master your Mind then Master your Trades
  • #170
  • Mar 28, 2021 9:18am Mar 28, 2021 9:18am
Quoting Masterrmind
FTMO Challenge ($200K). Masterrmind .........
I began trading a 50k demo account recently with the desired outcome to take the FTMO Challenge at the 100k level.
This coming week I will begin the FTMO free trial. If that goes well, I will progress to the challenge but first things first.

Best of luck to you Masterrmind on your challenge.

ForexGalVA
  • #171
  • Mar 29, 2021 5:45am Mar 29, 2021 5:45am
Quoting ForexGalVA
{quote} I began trading a 50k demo account recently with the desired outcome to take the FTMO Challenge at the 100k level. This coming week I will begin the FTMO free trial. If that goes well, I will progress to the challenge but first things first. Best of luck to you Masterrmind on your challenge. ForexGalVA
Yes at least get a feel for keeping risk management under control.

However, one set of market data is never the same as another months so future success can never be guaranteed.

At a bare minimum I suggest at least finishing the test runs and then the challenges in some profit.

Not reaching the target in the first attempt is nothing to be ashamed about since the next try gives you a new unknown set of data that might play more into your hand.

Best of trading,

Masterrmind ......
Master your Mind then Master your Trades
  • #172
  • Mar 29, 2021 6:42pm Mar 29, 2021 6:42pm
Good thread and info here for everyone thinking of trying out some of the online prop funds.
I am planning to take the FTMO with an automated EA to see how that goes.
Trading is SIMPLE not EASY.
  • #173
  • Mar 30, 2021 4:01am Mar 30, 2021 4:01am
im new.
this is a demo account
who can help me with a good tradimg system ?

Objectives
Trading ObjectivesYour resultsSummary
Minimum 5 Trading Days3 Not passing
Max Daily Loss -$5,000-$6,942.20 Loss exceeded
Max Loss -$10,000-$7,234.22 Passed
Profit Target $5,000-$7,081.93 Not passing
Play playable hands only
  • #174
  • Mar 30, 2021 8:20am Mar 30, 2021 8:20am
Forex Funding Programs | Forex Funded Account (luxtradingfirm.com)

Does anyone have experience with these guy's or any opinions on them

I'm not sure about them this is from their trading rules I think it's a bit harsh
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But they have not time limit on passing their test but you do have to actively trade for 29 days
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  • #175
  • Mar 30, 2021 10:54am Mar 30, 2021 10:54am
Quoting Ross88
Forex Funding Programs | Forex Funded Account (luxtradingfirm.com) Does anyone have experience with these guy's or any opinions on them I'm not sure about them this is from their trading rules I think it's a bit harsh {image} But they have not time limit on passing their test but you do have to actively trade for 29 days {image}
Lux trading lol. I checked them out the other day. That relative drawdown thing is terrible. Gaining profits on your account should give one more wiggle room to risk, not less.

While you have more time to pass, the DD thing is more likely to hamper one's chances sooner IMO
  • #176
  • Edited 9:55pm Mar 30, 2021 11:13am | Edited 9:55pm
Quoting Ross88
Forex Funding Programs | Forex Funded Account (luxtradingfirm.com) Does anyone have experience with these guy's or any opinions on them I'm not sure about them this is from their trading rules I think it's a bit harsh {image} But they have not time limit on passing their test but you do have to actively trade for 29 days {image}
I haven't tried Lux but I'm currently funded with FTMO so I decided to start a challenge with the 5%ers and City Traders Imperium to diversify so that I have some other options in case one or more of these firms goes up in smoke. Both the 5%ers and CTI have the 4% drawdown with a 6% profit requirement. 5%ers gives you 6 months, CTI one year.

I passed the 5%ers today after 16 days and am about 60% of the way to passing the CTI challenge.

Here's the 5%ers report
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So now I get a 40K account with an allowable drawdown of only $1600. You can only scale up to 80K by making 10% in a month which is certainly challenging with such a small drawdown.

EDIT: There is no time limit with the 5%ers to earn 10% for scaling up. I have no idea where I got that impression

With CTI you need to earn 12.5% to double up your account and withdrawing profits does not count against you.

Of course, being funded with a 100K account with FTMO gives me much more earning power. At least in the short term.
Pride always comes before destruction.... -Proverbs 16:18
  • #177
  • Mar 31, 2021 1:57am Mar 31, 2021 1:57am
Quoting Entuculo
im new. this is a demo account who can help me with a good tradimg system ? Objectives Trading ObjectivesYour resultsSummary Minimum 5 Trading Days3 Not passing Max Daily Loss -$5,000-$6,942.20 Loss exceeded Max Loss -$10,000-$7,234.22 Passed Profit Target $5,000-$7,081.93 Not passing
This is not the place to be asking about trading systems.

Try the "Trading Systems" forum.

Advanced traders would be the best way to describe the posters and traders of this thread.

Best wishes for your FX journey as it has just begun.

Good trading,

Masterrmind .......
Master your Mind then Master your Trades
  • #178
  • Mar 31, 2021 2:03am Mar 31, 2021 2:03am
Quoting Ross88
Forex Funding Programs | Forex Funded Account (luxtradingfirm.com) Does anyone have experience with these guy's or any opinions on them I'm not sure about them this is from their trading rules I think it's a bit harsh {image} But they have not time limit on passing their test but you do have to actively trade for 29 days {image}
Very harsh indeed based on a quick read of what you posted.

DD is very tight depending on how they go about calculating it but it looks like it also trails as the equity grows which doesn't give the trader any room to move.

There are far better options out there.

Masterrmind .......
Master your Mind then Master your Trades
  • #179
  • Mar 31, 2021 2:16am Mar 31, 2021 2:16am
Quoting Expo33
{quote} I haven't tried Lux but I'm currently funded with FTMO so I decided to start a challenge with the 5%ers and City Traders Imperium to diversify so that I have some other options in case one or more of these firms goes up in smoke. Both the 5%ers and CTI have the 4% drawdown with a 6% profit requirement. 5%ers gives you 6 months, CTI one year. I passed the 5%ers today after 16 days and am about 60% of the way to passing the CTI challenge. Here's the 5%ers report {image} So now I get a 40K account with an allowable drawdown of only $1600. You...
Hi there Expo33 ....

Well done on the 5%ers, nice trading indeed.

Makes plenty of sense to diversify.

Some very tight DD limits being used in some of these Prop Firms and to top that off with having a target greater than the DD.

At least the time required is enough to trade to the target given its 6 months.

But certainly better options around ... in any case if it works for the trader or its part of a diversification plan then all well and good.

Masterrmind ......
Master your Mind then Master your Trades
  • #180
  • Mar 31, 2021 4:54am Mar 31, 2021 4:54am
Traders4traders is a BIG no for me now. I tried to mail/message them 3 times during the last 2 weeks without any reply.. this is a warning sign. i am happy that i haven't paid them any money because i was considering this option..
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