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  • #3,001
  • Aug 20, 2021 9:29am Aug 20, 2021 9:29am
Quoting Expo33
{quote} One week of opening and closing a trade to get the required 10 days for phase 1 on my 25K MFF account. Seems pointless to have a 10-day minimum if you are going to allow traders to open/close a quick mini trade. Same for FTMO. Emailed support, now we wait. Jessica never makes me wait. What a sweetheart {image}
Got an email from support 10 hours later letting me know they are forwarding this to their "accounts department". OOOOO, wow, that sounds official.

A few months back they mentioned they were going to automate the acct credentials process. Yea, right. Probably why FTMO can charge a premium for the same acct sizes and still stay on top.

It's like we are living in the Dark Ages. By the way, some professor/social justice warrior in the world of academia recently said that we shouldn't use the term "Dark Ages" because it's offensive to those that were alive during that period
Pride always comes before destruction.... -Proverbs 16:18
  • #3,002
  • Aug 20, 2021 10:03am Aug 20, 2021 10:03am
Quoting Expo33
{quote} Got an email from support 10 hours later letting me know they are forwarding this to their "accounts department". OOOOO, wow, that sounds official. A few months back they mentioned they were going to automate the acct credentials process. Yea, right. Probably why FTMO can charge a premium for the same acct sizes and still stay on top. It's like we are living in the Dark Ages. By the way, some professor/social justice warrior in the world of academia recently said that we shouldn't use the term "Dark Ages" because it's offensive to those...
Lol FTMO not giving up that top spot anytime soon, higher fees or not. But i doubt any of these firms have automated that whole account provisioning process yet.
Funding talent shipped my challenge accounts a month or 2 ago within 2 hours of signing up, but i haven't even been able to get a reply to my mails since the 18th of August till date. Clowns.


Quote
By the way, some professor/social justice warrior in the world of academia recently said that we shouldn't use the term "Dark Ages" because it's offensive to those that were alive during that period

lol Welcome to the new "woke" world, where every thing is potentially offensive.
  • #3,003
  • Aug 20, 2021 12:16pm Aug 20, 2021 12:16pm
FTMO has never given me automated accounts :'( What am I doing wrong? Their stage 2 always has taken a day or two for me.... Maybe its changed?

MFF is a bit slow rn, but seems they had a mega database crash from the FT refugees that are clearly in the discord..

"REMOVE 10 DAYS MOTHEF@#%@ers" after joining discord 10 minutes ago. Suddenly a huge amount of empathy to Jessica floods me if this is the quality of their customers.
  • #3,004
  • Aug 20, 2021 12:43pm Aug 20, 2021 12:43pm
Hello everyone!

I have good news and bad... the good I jumped another level with Buoy Trade, the bad and it is 100% my fault, I breached the drawdown limit
on my favorite account, the Accelerated Emphatic, that's that happens when you get overconfident and take your eyes of the ball
In this game we always learn
Those who don't believe in magic will never find it
  • #3,005
  • Aug 20, 2021 2:44pm Aug 20, 2021 2:44pm
I am poetically confused.

All prop firms are having problems at the same time. FTMO had problems with accounts, MFF are having various problems, FT is essentially a protestor who set himself on fire and expects others to throw water on him but no one has a bucket, TCF, TFTP (omg talk about slow and painful and expensive and horrible).

Its like the illuminati is intervening in the industry.
  • #3,006
  • Aug 20, 2021 4:00pm Aug 20, 2021 4:00pm
Watching trading videos on youtube I saw this one:
Inserted Video


Interview with the Lepus capital guy where he mentions he doesn't hire scalpers.
  • #3,007
  • Aug 20, 2021 5:38pm Aug 20, 2021 5:38pm
Not surprised, 90% of these guys are picking up pennies in front of bulldozers. MFF are on the record that the vast majority of their funded traders blow up within 2-3 months. 40% get whacked within the first month of getting their live account and barely 50% reach the third scaling on the accelerated accounts. After that the number of traders gets chopped by 50% with each additional level.
  • #3,008
  • Aug 20, 2021 6:50pm Aug 20, 2021 6:50pm
Quoting EnoFX
Not surprised, 90% of these guys are picking up pennies in front of bulldozers. MFF are on the record that the vast majority of their funded traders blow up within 2-3 months. 40% get whacked within the first month of getting their live account and barely 50% reach the third scaling on the accelerated accounts. After that the number of traders gets chopped by 50% with each additional level.
Not everyone comes out of the gate a Paul Tudor Jones. Degen gamblers trading their private accounts or with a prop firm are no different then the aspiring floor traders on the CME. Most will eventually wash out, only the strong will survive.
Trade with confidence, trade without fear.
  • #3,009
  • Aug 20, 2021 7:55pm Aug 20, 2021 7:55pm
Quoting EnoFX
Not surprised, 90% of these guys are picking up pennies in front of bulldozers. MFF are on the record that the vast majority of their funded traders blow up within 2-3 months. 40% get whacked within the first month of getting their live account and barely 50% reach the third scaling on the accelerated accounts. After that the number of traders gets chopped by 50% with each additional level.
honesty is the best policy no?
  • #3,010
  • Aug 20, 2021 7:59pm Aug 20, 2021 7:59pm
Quoting EnoFX
Not surprised, 90% of these guys are picking up pennies in front of bulldozers. MFF are on the record that the vast majority of their funded traders blow up within 2-3 months. 40% get whacked within the first month of getting their live account and barely 50% reach the third scaling on the accelerated accounts. After that the number of traders gets chopped by 50% with each additional level.
Been with FTMO 11 months, just completed my 1st funded month with MFF. I consistently earn 3-5% with 1-1.5% DD. It's all about adjusting the risk. Those blowing accounts are obviously over trading.
  • #3,011
  • Aug 20, 2021 8:11pm Aug 20, 2021 8:11pm
Quoting Takisd
{quote} The hedging rule exists because they execute the trades in the market. If someone hedges 50 times, and breaks the rules, they have to unwind the hedges which could lead to significant loss when they go to unwind them as they would have to unwind each trade 1 at a time. It makes sense. I don't think anyone has been suspended from MFF, they have only banned like 1 guy from discord for being racist and another for offering account management services. The only thing to expect with them is sometimes delays in account provisioning and billing...
I am wondering why would they close on buy or sell separately, why dont they use MT4 close by feature hedged position together?
  • #3,012
  • Aug 20, 2021 8:33pm Aug 20, 2021 8:33pm
Quoting sampat
{quote} I am wondering why would they close on buy or sell separately, why dont they use MT4 close by feature hedged position together?

You can't close 2 trades at once in metatrader 4 at broker level. Mt4 was built to b book, then you go to bridge it and you have to send two orders.
  • #3,013
  • Aug 20, 2021 8:42pm Aug 20, 2021 8:42pm
Quoting pipmaster77
{quote} Been with FTMO 11 months, just completed my 1st funded month with MFF. I consistently earn 3-5% with 1-1.5% DD. It's all about adjusting the risk. Those blowing accounts are obviously over trading.
Congratulations....the problem with challenges is not difficult to pass but difficult to maintain live accounts.
  • #3,014
  • Aug 20, 2021 8:47pm Aug 20, 2021 8:47pm
Quoting sampat
{quote} Congratulations....the problem with challenges is not difficult to pass but difficult to maintain live accounts.
I find the exact opposite. I am forced to trade above my risk tolerance to pass. Once you have the account, no time pressure, no targets, reduce the risk......one goal......DON'T LOSE THE ACCOUNT
  • #3,015
  • Aug 20, 2021 8:49pm Aug 20, 2021 8:49pm
Quoting pipmaster77
{quote} Been with FTMO 11 months, just completed my 1st funded month with MFF. I consistently earn 3-5% with 1-1.5% DD. It's all about adjusting the risk. Those blowing accounts are obviously over trading.
100% agree, there was zero chance I would have touched that drawdown without over trading. I made some good returns cause of it so it does not really
hurt me that much to jump back in, but the slow and steady is the way to go.
Those who don't believe in magic will never find it
  • #3,016
  • Aug 21, 2021 1:35am Aug 21, 2021 1:35am
Quoting pipmaster77
{quote} I find the exact opposite. I am forced to trade above my risk tolerance to pass. Once you have the account, no time pressure, no targets, reduce the risk......one goal......DON'T LOSE THE ACCOUNT
Could not agree more.

IMHO, this is the real problem to get acquainted with prop trading.
Real pressure comes first when you want to join them because of those strict rule within limited time frame.
Once you got passed, it actually no pressure other than greediness to get rich quikly.

Best post!
- X -
  • #3,017
  • Aug 21, 2021 2:56am Aug 21, 2021 2:56am
Quoting sampat
{quote} Congratulations....the problem with challenges is not difficult to pass but difficult to maintain live accounts.
Interesting view.May I asked you,why you see is this way?
In my opinion hardest is first month,Mostly, because you have to.You have to make those 10% and when you'll make 9% you'll have to start all over.
Is the same pressure on live account? What happen,if you'll make 9 instead of 10% or maybe 3% or oven -5%?You'll make less money obviously,but no pressure about starting over again.
Whether you think you can, or you think you can't,you're right. H.F.
  • #3,018
  • Aug 21, 2021 6:42am Aug 21, 2021 6:42am
Quoting Koop
{quote} Lol FTMO not giving up that top spot anytime soon, higher fees or not. But i doubt any of these firms have automated that whole account provisioning process yet. Funding talent shipped my challenge accounts a month or 2 ago within 2 hours of signing up, but i haven't even been able to get a reply to my mails since the 18th of August till date. Clowns. {quote} lol Welcome to the new "woke" world, where every thing is potentially offensive.
Lovely post and so true. Frankly I'm beginning to think that it's better to go with a Prop Company rhat's organised, established, reliable and has a really sound track record. FTMO are way, way ahead.
  • #3,019
  • Aug 21, 2021 7:08am Aug 21, 2021 7:08am
Hi guys. I have been with FTMO 50k traded it to 59k got overconfident paid out 1500usd plus fees. Then I joined FT there I got two payouts again first time I was 8k in plus but again overconfidence and I paid out 1500. Second time I traded and waited got more that time.
I have to say I never had issues with FT or FTMO. Just iron discipline you can only ever make it in forex with the most iron discipline you can think of. Any deviation of that will lead to 100% failure.
  • #3,020
  • Aug 21, 2021 8:41am Aug 21, 2021 8:41am
Quoting Simply-Me
{quote} Interesting view.May I asked you,why you see is this way? In my opinion hardest is first month, Mostly, because you have to.You have to make those 10% and when you'll make 9% you'll have to start all over. Is the same pressure on live account? What happen,if you'll make 9 instead of 10% or maybe 3% or oven -5%?You'll make less money obviously,but no pressure about starting over again.
May be it is phycological and expectations. My passing (survival) percentage Phase1 > Phase 2 > Funded
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