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  • #3,181
  • Aug 26, 2021 9:33am Aug 26, 2021 9:33am
Quoting Muhammedfx
his logic behind such trading was that he started with 50k and made to 250k and withdrawn 79k so his logic was that all this extra money is free money and he is perfectly fine to trade as many lots he wants to trade putting all the MM behind.
Just have seen this. Can be done. 60% plus in 1 to 2 months is really good, but such a risky strategy I would not consider as professional. He had control over 300k in equity, that is still too much drawdown or he must withdraw more often and higher amounts. I do not see any consistent strategy here. He should develop a new strategy from scratch I would say, because he cannot control when this huge drawdown will appear again and then his initial capital is in danger too.
(and I am not commercial at all, just an error from FF, which I have complaining this some months ago.)
  • #3,182
  • Aug 26, 2021 9:43am Aug 26, 2021 9:43am
Quoting QAndy
{quote} Just have seen this. Can be done. 60% plus in 1 to 2 months is really good, but such a risky strategy I would not consider as professional. He had control over 300k in equity, that is still too much drawdown or he must withdraw more often and higher amounts. I do not see any consistent strategy here. He should develop a new strategy from scratch I would say, because he cannot control when this huge drawdown will appear again and then his initial capital is in danger too. (and I am not commercial at all, just an error from FF.)
Doesn't even matter to me what his strategy or wealth status is.. Man should have just saved that money and gone the prop route.
I wonder what Paul has to say about this vs. risking just under $2000 or even $1500 to manage an account of same magnitude with a prop firm.
Of course, he'll probably breach limits many times but no way in hell would he lose $200k+ on failed challenges
  • #3,183
  • Edited 10:18am Aug 26, 2021 9:49am | Edited 10:18am
Quoting Koop
{quote} Doesn't even matter to me what his strategy or wealth status is.. Man should have just saved that money and gone the prop route. I wonder what Paul has to say about this vs. risking just under $2000 or even $1500 to manage an account of such magnitude with a prop firm. Of course, he'll probably breach limits many times but no way in hell would he lose $200k+ on failed challenges
Yes, with that kind of trading, I would also say the prop route is the only option. But it looks like very strong that he does not have any consistent strategy or even proper money management. It is better to work on a good strategy, meanwhile he could extract some money from the prop firms.

When I look a bit more closely on his equity curve he would have problems to pass an evaluation, because his drawdowns are relatively too steep. It just looks like he was a bit lucky for that 1 month and then the market caught him. And he is publishing his trading and has an official website, so he can be commented I would say.
  • #3,184
  • Aug 26, 2021 11:01am Aug 26, 2021 11:01am
In this business variance will get you every time if you're not managing risk.
  • #3,185
  • Aug 26, 2021 11:17am Aug 26, 2021 11:17am
Quoting EnoFX
In this business variance will get you every time if you're not managing risk.
Longevity can been provided only by passing 100 K challange and after that to play with risk managment of 25 K account I agree by the way.
  • #3,186
  • Aug 26, 2021 12:43pm Aug 26, 2021 12:43pm
Quoting navk
Update on my new 100 k evaluation with MFF : 1 week passed. slightly negative. But ok, I will make it. My wife wants to do new evaluation with MFF, So signed up today a 50 k account.
The ones, 50 k challenge, I signed up for her, she is doing very well.
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Intraday only.
  • #3,187
  • Aug 26, 2021 12:53pm Aug 26, 2021 12:53pm
I hope Mastermind is not going to hang on to that EU trade. I see 1.1700 before long. Maybe wrong of course
  • #3,188
  • Aug 26, 2021 4:24pm Aug 26, 2021 4:24pm
Quoting Mtinifx
I hope Mastermind is not going to hang on to that EU trade. I see 1.1700 before long. Maybe wrong of course
I'll hold it.

Current stop represents less than 1%.

Might add in a few buy stops.

Masterrmind ........
Master your Mind then Master your Trades
  • #3,189
  • Aug 26, 2021 7:27pm Aug 26, 2021 7:27pm
I have a thought about MFF acceleration program. (English is not my 1st language so please excuse any mistakes)


MFF accelerated program

$99 for a 2k account

DD 5%($100)
profit target to withdraw 5%($100)
profit target to scale up 5%
leverage - 1:50(100,000)
Profit split 50%

Drawdown limit is your one time fee. That means we are trading with our own capital and give them 50% profit.

you can do it same on a 1:1000 leveraged 100 dollar account(100*1000 = same buying power as above)

And I calculated their scale up plan with this method(im not saying MFF is doing this. Im saying that, we can calculate this way too)

2k acceleration account

we joining with $99 (lest say 100 for easy calculations)

they give us 2k account with 5% drawdown which is our joining fee $100.

If we achieve 10%($200) profit then we can withdraw 100 they will they will take 100 also. ——- in this stage they have our $200( our joining fee + profit split).

next phase 4k account. 5%DD = $200 (they already have our 200).

if we achieve 10%($400) then we can withdraw 200 and they will take 200 ——- in this stage they have $400( our DD limit of this phase + profit split).

next phase 3k. 5%=$300(they have previous 400 and 100 is their profit)

10% profit (600) we get 300 they keep 300

and this will continue….. check their growth plan at evry 3rd stage they will get profit.

If we do this on our own account we will get extra 100 profit to withdraw and also our $100 truns into 300.

And we will know that forex brokers give us huge leverage. Just calculate this with 1:1500 leverage….

At this point of view we can clearly say that MFF acceleration program is a scam.
  • #3,190
  • Aug 26, 2021 7:41pm Aug 26, 2021 7:41pm
REAL REVIEWS GUYS... QUICK 5 STAR COS THEY ARE BACK.. fraud ass reviews. Jessica, focus on fixing your shit and stop faking reviews..
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  • #3,191
  • Aug 26, 2021 9:45pm Aug 26, 2021 9:45pm
Quoting Takisd
{quote} but as previosuly mentioned, it is not halal.
and flabby, as I hear...
  • #3,192
  • Aug 26, 2021 10:14pm Aug 26, 2021 10:14pm
Quoting Clint33
I have a thought about MFF acceleration program. (English is not my 1st language so please excuse any mistakes) MFF accelerated program $99 for a 2k account DD 5%($100) profit target to withdraw 5%($100) profit target to scale up 5% leverage - 1:50(100,000) Profit split 50% Drawdown limit is your one time fee. That means we are trading with our own capital and give them 50% profit. you can do it same on a 1:1000 leveraged 100 dollar account(100*1000 = same buying power as above) And I calculated their scale up plan with this method(im not saying...
Interesting choice for your first FF post.

I wouldn't say it's a scam. I'd say it's a risk-free capital venture by MFF.
Pride always comes before destruction.... -Proverbs 16:18
  • #3,193
  • Aug 26, 2021 10:23pm Aug 26, 2021 10:23pm
Quoting Takisd
REAL REVIEWS GUYS... QUICK 5 STAR COS THEY ARE BACK.. fraud ass reviews. Jessica, focus on fixing your shit and stop faking reviews.. {image}
Hi

Did you managed to get more pics of her?
Allergic to bullshitters, never argue with fools
  • #3,194
  • Aug 27, 2021 12:56am Aug 27, 2021 12:56am
Quoting Masterrmind
{quote} I'll hold it. Current stop represents less than 1%. Might add in a few buy stops. Masterrmind ........
@Masterrmind,

I noticed your trades and risk setting are the same on both accounts. Are you planning to keep it the same till the end or will you be changing them?

If you are planning to keep it the same till the end then curious to know why did you not pick to separate prop firm?

Cheers
Garfield
Trading is SIMPLE not EASY.
  • #3,195
  • Aug 27, 2021 2:18am Aug 27, 2021 2:18am
Quoting Clint33
I have a thought about MFF acceleration program. (English is not my 1st language so please excuse any mistakes) MFF accelerated program $99 for a 2k account DD 5%($100) profit target to withdraw 5%($100) profit target to scale up 5% leverage - 1:50(100,000) Profit split 50% Drawdown limit is your one time fee. That means we are trading with our own capital and give them 50% profit.
I have made same calculations but 1000x leverage really not needed. Most serious enough brokers will stop at 500x and its more than enough. Also, I'd envisage leverage as a tool to have smaller margins vs afford just too big of a position.

Still, not a scam. Consider this: first time you hit 10% goal you can withdraw that %5 fee you paid initially. From there onwards, your risk towards market is zero. None of your money involved. Trading with high leverage high risk will get you at some point, but with a prop firm you just get kicked out, and keep money made thus far.

In a prop firms portfolio, I'd trade the regular challenge accounts with low risk for longevity, and use the direct funded ones for higher risk play. Its nice tool to have imo.
  • #3,196
  • Aug 27, 2021 2:20am Aug 27, 2021 2:20am
Quoting Expo33
{quote} Interesting choice for your first FF post. I wouldn't say it's a scam. I'd say it's a risk-free capital venture by MFF.
But what is our benefit? We only have losses from this model(if it true).
  • #3,197
  • Aug 27, 2021 2:36am Aug 27, 2021 2:36am
Quoting HammerHeart
{quote} Consider this: first time you hit 10% goal you can withdraw that %5 fee you paid initially. From there onwards, your risk towards market is zero. None of your money involved. Trading with high leverage high risk will get you at some point.
No acceleration program have no refunds. So you will get the split of that 10%. Yeah its same as our joining fee. But in the next phase the DD limit is our money( joining fee + split) so they are not giving us any capital so whats the point of this model??
  • #3,198
  • Aug 27, 2021 3:04am Aug 27, 2021 3:04am
Quoting HammerHeart
{quote} I have made same calculations but 1000x leverage really not needed. Most serious enough brokers will stop at 500x and its more than enough. Also, I'd envisage leverage as a tool to have smaller margins vs afford just too big of a position. Still, not a scam. Consider this: first time you hit 10% goal you can withdraw that %5 fee you paid initially. From there onwards, your risk towards market is zero. None of your money involved. Trading with high leverage high risk will get you at some point, but with a prop firm you just get kicked out,...
I do not like any of the Direct funding programs at all. Challenges are far more superior in benefits/offering.
Asides the fast scaling potential i don't see much difference from trading my personal account and keeping 100% of my gains.
50% is just too much to give away considering that your fee covers most of the risk for them already.

BUT..... Scaling up to the peak of the account growth could be a totally different ball game which could be great.
  • #3,199
  • Aug 27, 2021 4:01am Aug 27, 2021 4:01am
Quoting QAndy
Let's do simple math from summarizing facts which are widespread over the websites of FT and FTMO. So about 92% failed challenges according to FTMO. On FT they say the average profitable trader makes 7.5% monthly. That is from $100k account =$7500, with 90% profit split on FT =$6750 profit for the client, which is about ~11 times of the fee of such $100k challenge of $620. So 1 profitable trader can finance 11 loosers, which is exactly the FTMO statistics of 92% failures. So in the sum there is no profit, until they change the rules and refuses...
The "upcoming Talent Blitz" can gobble these nuts.
  • #3,200
  • Aug 27, 2021 4:35am Aug 27, 2021 4:35am
Quoting garfield75
{quote} @Masterrmind, I noticed your trades and risk setting are the same on both accounts. Are you planning to keep it the same till the end or will you be changing them? If you are planning to keep it the same till the end then curious to know why did you not pick to separate prop firm? Cheers Garfield
Hi Garfield75,

Since I'm trading both accounts manually it is simpler to apply identical risk to both accounts especially in the early stages.

100K uses 2.5 lots per trade on EURUSD.
200K uses 5.0 lots per trade on EURUSD.

A 40 pip stop is close to 1% risk per trade.

Leverage applied is 2.5 per trade.

Risk may vary between the 2 accounts in the later stages.

Symbol choice may also change between the 2 accounts in the mid to later stages.

Initially the plan was to trade just the $200K challenge account but since each account at MFF has a merged maximum size of $300K I decided to add another 100K challenge and do them both at the same time.

If successful with Phase 1 and Phase 2 I will have the 2 accounts merged into $300K.

Soon after I plan to do another 2 challenges and hopefully gain another $300K funded account.

Ultimately, I hope to have $600K across 2 accounts at MFF.

I don't know how long this process will take since failing a challenge is always a possibility.

Provided I have sufficient buffer profit near challenge end date but still quite distant from the profit target it's likely that trading volume will become quite aggressive baring in mind that the goal is to always leave the challenge account with some profit showing for a free reset or extention in time.

This is not how I would trade my own account but the challenge account is a different matter.

Masterrmind .........
Master your Mind then Master your Trades
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