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  • #2,381
  • Jul 18, 2021 3:33pm Jul 18, 2021 3:33pm
The above is DIFFERENT to Funding Talent. Their rule is:

"If you increase the account balance to 105K in a single day, your daily drawdown for that specific day will be increased to $10,000."
  • #2,382
  • Edited 4:09pm Jul 18, 2021 3:43pm | Edited 4:09pm
Quoting Mtinifx
{quote} You're wrong mate because they knocked me out on that rule when I was trading a 100k rapid account! Rule #10 In any of the My Forex Funds evaluation programs you must not have a daily drawdown of 5% of equity OR balance on any given day
That is strange, so that would mean that MFF is not like FTMO, so what you want to tell me is that if I am up 2% for the day
before midnight reset, I cannot use my 2% extra against my DD for that day?
I am not talking about 00.00 when everything resets at 5%....
If that is the case that is the biggest no no for me, its like I just earned this and you are taking it away, does not make my life easier

Can someone that is trading with MFF the Evaluation model confirm this, thank you
Those who don't believe in magic will never find it
  • #2,383
  • Jul 18, 2021 4:28pm Jul 18, 2021 4:28pm
Quoting Mtinifx
Those who decide to go for Myff challenge must remember that your daily DD is calculated on equity AND balance. So if you take a 20k challenge you cannot lose more then $1000 at any time. With Funding Talent and FTMO, if you make say 1% on the day, you can lose 6% and still be OK on the day. That is actually a very big benefit which is why I prefer FT Had I gone for Myff I would have been knocked out already.
MFF daily dd is 5% of what you begin the day with, at the end of my challenge I had 5350 available for daily and like 19000 for overall. Actually, FTMO is 5k daily period (on a 100K account). Doesn't matter if your equity is 130K. Of course your overall would then be 40K but daily would still be 5K, MFF would be 6500 daily in that scenario.
  • #2,384
  • Jul 18, 2021 4:29pm Jul 18, 2021 4:29pm
Quoting Fml
Do you people realize that only one that list is a legitimately registered prop firm and they don't even trade spot fx. This is astonishing. I skimmed it quickly but more importantly is why you people are making yourselves so vulnerable and ready for disappointment. There's a massive amount of self injustice here due to the lack of what trading spot really is.
Oh, here we go, another savior coming to save us from ourselves. Please, don't bother. Everyone in agreement say "I".
  • #2,385
  • Jul 18, 2021 4:30pm Jul 18, 2021 4:30pm
Quoting Fml
Do you people realize that only one that list is a legitimately registered prop firm and they don't even trade spot fx. This is astonishing. I skimmed it quickly but more importantly is why you people are making yourselves so vulnerable and ready for disappointment. There's a massive amount of self injustice here due to the lack of what trading spot really is.

which one is it? Because i can’t find a sigle prop firm actually funding traders with real money
  • #2,386
  • Edited 4:54pm Jul 18, 2021 4:32pm | Edited 4:54pm
Quoting Mtinifx
{quote} You're wrong mate because they knocked me out on that rule when I was trading a 100k rapid account! Rule #10 In any of the My Forex Funds evaluation programs you must not have a daily drawdown of 5% of equity OR balance on any given day
AHH, the 'ole rapid account where DD is calculated differently. I wouldn't go near anything but the eval and your daily DD moves with your equity on that model. I still don't get the fascination with daily DD, as it should never be more than 1-1.5%. If it is, your risk is way to high or you have too many trades open or a combination of both. I really think most folks overthink this and make it way too complicated.
  • #2,387
  • Jul 18, 2021 4:35pm Jul 18, 2021 4:35pm
Quoting Mtinifx
{quote} You're wrong mate because they knocked me out on that rule when I was trading a 100k rapid account! Rule #10 In any of the My Forex Funds evaluation programs you must not have a daily drawdown of 5% of equity OR balance on any given day
Right and if your equity or balance is above 100K or whatever eval you're on, it is 5%. So if my starting equity is 103K, my daily dd is 5,150. I just passed 2 challenges and I can assure you this is true. I even posted a screenshot a few pages back.
  • #2,388
  • Jul 18, 2021 4:39pm Jul 18, 2021 4:39pm
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  • #2,389
  • Jul 18, 2021 4:47pm Jul 18, 2021 4:47pm
Quoting emicovi
{quote} which one is it? Because i can’t find a sigle prop firm actually funding traders with real money
It's a matter of semantics and something that a lot of people don't seem to want to grasp. For reasons of vanity people are hellbent on wanting to trade a live account with real funds, yet the prop business model doesn't need any of that to be successful. I don't know why any prop firm just won't explicitly advertise that all they're looking for is successful demo traders, nothing more, nothing less, instead of selling the vain illusion of providing you with real funds.
  • #2,390
  • Jul 18, 2021 4:53pm Jul 18, 2021 4:53pm
Quoting EnoFX
{quote} It's a matter of semantics and something that a lot of people don't seem to want to grasp. For reasons of vanity people are hellbent on wanting to trade a live account with real funds, yet the prop business model doesn't need any of that to be successful. I don't know why any prop firm just won't explicitly advertise that all they're looking for is successful demo traders, nothing more, nothing less, instead of selling the vain illusion of providing you with real funds.
Right, who cares if it's live or real funds or whatever? If I can make money being a successful "demo" trader, without risking any of MY real funds, once again, who cares? If you don't like prop firms and you wish to risk your own money which could be wiped out in a heartbeat for a variety of reasons....so be it. I'll pass the challenges, get my fee refunded and trade risk free on a demo account all day. Almost up to 400K, shooting for a million short term. This is really a no brainer....get paid 70-85% to trade a million dollar demo account or risk my own million. Hmmmm, tough decision.
  • #2,391
  • Jul 18, 2021 6:52pm Jul 18, 2021 6:52pm
Quoting PayTheBid
{quote} That is strange, so that would mean that MFF is not like FTMO, so what you want to tell me is that if I am up 2% for the day before midnight reset, I cannot use my 2% extra against my DD for that day? I am not talking about 00.00 when everything resets at 5%.... If that is the case that is the biggest no no for me, its like I just earned this and you are taking it away, does not make my life easier Can someone that is trading with MFF the Evaluation model confirm this, thank you
Cant speak for rapid, but on evaluation, this is not the case. You can lose your daily gains so long as its within the day. Then it gets recalculated at 00:00. Its alway sbeen like that.
  • #2,392
  • Jul 18, 2021 6:54pm Jul 18, 2021 6:54pm
Quoting Mtinifx
{quote} You're wrong mate because they knocked me out on that rule when I was trading a 100k rapid account! Rule #10 In any of the My Forex Funds evaluation programs you must not have a daily drawdown of 5% of equity OR balance on any given day
Lol, you're wrong.. Even your example proves it. If you are up 5k ,you can lose 10k if you started at 100k which is 5% + the 5k .. lol

Source: Profitable eval trader here who often gives back profits on tuesdays.
  • #2,393
  • Jul 18, 2021 7:37pm Jul 18, 2021 7:37pm
Quoting Takisd
{quote} Lol, you're wrong.. Even your example proves it. If you are up 5k ,you can lose 10k if you started at 100k which is 5% + the 5k .. lol Source: Profitable eval trader here who often gives back profits on tuesdays.
Lol Fridays, my giveaway day. only day my strategy gets severely sodomized by the markets for whatever reason (wednesdays occasionally too}.
Do i still trade on those days? Damn Straight!
  • #2,394
  • Jul 18, 2021 7:42pm Jul 18, 2021 7:42pm
Quoting pipmaster77
{quote} Right, who cares if it's live or real funds or whatever? If I can make money being a successful "demo" trader, without risking any of MY real funds, once again, who cares? If you don't like prop firms and you wish to risk your own money which could be wiped out in a heartbeat for a variety of reasons....so be it. I'll pass the challenges, get my fee refunded and trade risk free on a demo account all day. Almost up to 400K, shooting for a million short term. This is really a no brainer....get paid 70-85% to trade a million dollar demo account...
Lol Don't bother yourself going over this again with anyone, they'll never see it.
I don't even waste my time trying to explain any longer, all thanks to my Lord and Saviour.
  • #2,395
  • Jul 18, 2021 8:08pm Jul 18, 2021 8:08pm
Quoting Takisd
{quote} this model is obscene... thats all I have to say about that.
Best left alone until one is very very bored.

Far better ways to spend risk capital than on this particular firm.

Masterrmind .........
Master your Mind then Master your Trades
  • #2,396
  • Edited 9:06pm Jul 18, 2021 8:26pm | Edited 9:06pm
Quoting mcquak
{quote} I'm wondering why do you think Tier1fx is dodgy? Actually I'm considering to enroll into LUX programme. Targets are very reasonable (nothing like 10% in 20 days), rules are also quite reasonable ( nothing like trade only Mon, Wed and Thu after the lunch like FTMO and co. ). Agree, their support is very responsive. I'll give them more time to show up who they are, and eventually will start with them
Tier1FX has the glitchiest MT4 platform I've ever come across bar none.

For instance, just a short while ago, I asked Lux Support to set a TP on a trade I made because MT4 is frozen again.

But there's good news: Lux is switching over to a much better broker in 14 days, I learned from our chat.
Amor Fati--F. Nietzsche
  • #2,397
  • Jul 18, 2021 8:46pm Jul 18, 2021 8:46pm
Quoting pipmaster77
{quote} Oh, here we go, another savior coming to save us from ourselves. Please, don't bother. Everyone in agreement say "I".
No, your posts are a testament of how out of touch you are - especially you with the red flags.

If you were a legit spot trader you don't need these cheap little gimmicks.
  • #2,398
  • Jul 18, 2021 8:51pm Jul 18, 2021 8:51pm
Quoting Fml
{quote} No, your posts are a testament of how out of touch you are - especially you with the red flags. If you were a legit spot trader you don't need these cheap little gimmicks.
Yep, way out of touch I am. Thanks again for stopping by. Bye now.
  • #2,399
  • Jul 18, 2021 8:53pm Jul 18, 2021 8:53pm
Quoting emicovi
{quote} which one is it? Because i can’t find a sigle prop firm actually funding traders with real money
It's shouldn't even be a consideration for you if you don't know.

The trading circle isn't that big. If you don't know it's better not even think about it at this point.

You aren't going to find the answers of profitability here on this site or any from what I've seen.

The people here aren't ready to take on trading spot. All I see is people stuck at rudimentary, just wanting to trade something and nothing beyond. It's not what you guys think nor do you guys know what you're really up against.

This is hard work.
  • #2,400
  • Jul 18, 2021 8:56pm Jul 18, 2021 8:56pm
Quoting doji
{quote} Tier1FX has the glitchiest MT4 platform I've ever come across bar none. For instance, just a short while ago, I asked Support to set a TP on a trade I made because MT4 is frozen again. But there's good news: Lux is switching over to a much better broker in 14 days, I learned from our chat.
you asked support.. by phone??? or a telegraph??
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