My phase 1 bonus amount ( 2 % ) with MFF. It took a bit of time...they said, they are automating everything and hence this delay. Thank you MFF. {image}
Way to go mate.
Masterrmind ........
Master your Mind then Master your Trades
- #2,221
- Jul 10, 2021 8:02pm Jul 10, 2021 8:02pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Way to go mate.
Masterrmind ........
- #2,222
- Jul 10, 2021 8:09pm Jul 10, 2021 8:09pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
I'm still unsure as to which is better for me.
MFF:
Evaluation Standard $200k
or
Accelerated Emphatic $10k.
Masterrmind ........
MFF:
Evaluation Standard $200k
or
Accelerated Emphatic $10k.
Masterrmind ........
Master your Mind then Master your Trades
- #2,223
- Jul 10, 2021 8:21pm Jul 10, 2021 8:21pm
- Joined Sep 2013 | Status: Trader | 25,137 Posts
The relationship between a trader and a so called prop firm is a Symbiotic relationship. Do you agree? A trader who is (or thinks is) successful, doesn't really need a prop firm other than to grow exponentially. At the same time, it is rare that a trader is allowed to be and do as he/she is capable of being successful on their own due to many constrictive limitations put upon them. So, in most likelihood, a trader has to change themselves in order to fit within the confines of a prop trader. In addition to that, the prop firms have handedly stacked...
people leave, but this thread will go on for ever
- #2,225
- Jul 10, 2021 10:59pm Jul 10, 2021 10:59pm
- | Membership Revoked | Joined Apr 2019 | 1,436 Posts
Allergic to bullshitters, never argue with fools
I'm still unsure as to which is better for me. MFF: Evaluation Standard $200k or Accelerated Emphatic $10k. Masterrmind ........
My reason.
The cost is the same for both. But the revenue inflow on Accelerated Emphatic can start after five days instead of going through 2 separate phases to prove before any revenue income.
Once the initial cost is recovered from the accelerated account, I can take that money and put it on the evaluation model or get another accelerated account.
Cheers
Garfield
Trading is SIMPLE not EASY.
- #2,227
- Jul 11, 2021 4:33am Jul 11, 2021 4:33am
- Joined May 2010 | Status: Straight line Fest | 3,194 Posts
- #2,228
- Jul 11, 2021 6:09am Jul 11, 2021 6:09am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} I have been thinking about the same and decided to go with Accelerated Emphatic $10k. My reason. The cost is the same for both. But the revenue inflow on Accelerated Emphatic can start after five days instead of going through 2 separate phases to prove before any revenue income. Once the initial cost is recovered from the accelerated account, I can take that money and put it on the evaluation model or get another accelerated account. Cheers Garfield
Be careful as the next milestone is double the overall DD, 10% DD but you have to hit 20% target !
What I will do is run a comparison of both side by side trading identical gains and see how the results pan out month by month over say 3 to 6 month period.
Even so I still may consider other Prop Firm's.
I've had a glance at the AE50K but the Prop Firm is still a bit young in my opinion to tie up that sort of coin and there are other firms offering potentially better conditions with $5K entry fees but these need to be further examined too.
Plenty to keep us busy.
Good trading,
Masterrmind .........
Master your Mind then Master your Trades
- #2,229
- Jul 11, 2021 9:40am Jul 11, 2021 9:40am
{quote} I'd be making sure the DD is not trailing otherwise give it a big miss. From what I have read it's static overall but relative for the Daily DD limit so if this is true no issue from my part. Have to be aware of which account you are trading and which phase of that account you are in, challenge, verification or funded as you posted above. Masterrmind ........
it is standard stop out from original amount. That was one of the reasons I signed up for this model.
For the Evaluation model, I spoke to the chat rep 2 days ago, no personal experience, but I did like the payout
Good day!
Those who don't believe in magic will never find it
- #2,231
- Jul 11, 2021 10:29am Jul 11, 2021 10:29am
- Joined May 2016 | Status: Trader | 6,301 Posts
I'm still unsure as to which is better for me. MFF: Evaluation Standard $200k or Accelerated Emphatic $10k. Masterrmind ........
I've done some math for everyone to demonstrate the difference between eval and live on the MFF. Going to compare the 200K eval vs the 20K live conventional as they are approx the same cost. 949 vs 970.
1st "stage" requires 8% on eval, which pays you 2% $320 same 8% on 20K live pays you $800
2nd "stage" requires 5% pays you 4% $400 same 5% on 20K live pays you $500
you are now trading a 200K account on eval model and you are now scaled to 40K on live
Going to assume 5% per month from here on just for simplicity
1st month funded 200K @ 5% @ 75% split $7500 on eval 40K @5% @ 50% split $1000 on live
112% refund of 949 $1062 on eval
2nd month @ 80% split $8000 on eval 40k @ 5% @ 50% split $1000 on live
you are now scaled to 60K on live (as they alternate 2x and 1.5X)
3rd month @85% split $8500 on eval 60K @ 5% $1500 on live
Total $25782on eval vs$4800 on live
Assuming the 5% moving forward, in month11, the live account will begin generating $9K per month, but you will have earned $46,982 more in the eval model at that point. This also does not take into account the 30% scaling which would have occurred twice on the eval, putting you at 320 K generating a split of $13,600 on the eval now.
You can plug these numbers for any "challenge" company vs. any "scaling" company. It really is just simple math.
- #2,232
- Jul 11, 2021 10:51am Jul 11, 2021 10:51am
{quote} My daily DD is/was always 5% of previous day ending equity. With FTMO, overall DD will move, but daily DD is always 5% of original starting account equity.
from the original, so it is static
The daily trails from the previous so it is relative
(look on the bottom line were it says max permitted loss)
Those who don't believe in magic will never find it
- #2,233
- Jul 11, 2021 11:04am Jul 11, 2021 11:04am
- Joined May 2016 | Status: Trader | 6,301 Posts
{quote} With FTMO moves in a positive way if you are making money, my max draw down is now 8k from 2.5k, so the overall draw down does not move from the original, so it is static The daily trails from the previous so it is relative
- #2,234
- Jul 11, 2021 11:06am Jul 11, 2021 11:06am
- Joined Dec 2005 | Status: Com Member = Scammer | 5,408 Posts
I'm still unsure as to which is better for me. MFF: Evaluation Standard $200k or Accelerated Emphatic $10k. Masterrmind ........
Eval is always better but the payment takes longer. Accelerated people get paid every week and the scaling is still relevant, so you take your profit out and let them increase your account value.
I don't really believe in the direct funding models, but can see how they are good once you start to scale, the first period before scaling is a bit tedious though.
- #2,238
- Jul 11, 2021 11:11am Jul 11, 2021 11:11am
- Joined Dec 2005 | Status: Com Member = Scammer | 5,408 Posts