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  • #3,661
  • Sep 9, 2021 1:42am Sep 9, 2021 1:42am
Quoting pipmaster77
{quote} Why would you have to do $500 a day for 8 days, why not $200 a day for 20? 20 pips with 2:1 leverage. Way less risk involved.
Yes I prefer to get it over with ASAP. $500 a day shouldn't be a problem
  • #3,662
  • Sep 9, 2021 2:16am Sep 9, 2021 2:16am
Quoting pipmaster77
{quote} Why would you have to do $500 a day for 8 days, why not $200 a day for 20? 20 pips with 2:1 leverage. Way less risk involved.
People have come to take the 10 minimum days as the actual max days allowed, especially when they think it's doable.

Quoting pipmaster77
{quote} Yes, exactly my point. The companies with the no minimum trading days everyone gets all excited about, they know most are going to blow up in 1-2 days. Then it's, I know what I did wrong, going to have another go with more discipline. Company probably collects 3-4 challenges within 1 month instead of just 1.
haha "I know what i did wrong"....
They most likely buy another challenge the same day or next.... sure that they would do things differently.
  • #3,663
  • Sep 9, 2021 2:34am Sep 9, 2021 2:34am
Quoting Koop
{quote} People have come to take the 10 minimum days as the actual max days allowed, especially when they think it's doable
Agree, I think that is the problem. Don't have to complete it in a day or a week. $500 a day or 0.5% a day target is all it takes to complete an evaluation successfully to get funded.

Slow and STEADY
Trading is SIMPLE not EASY.
  • #3,664
  • Sep 9, 2021 2:55am Sep 9, 2021 2:55am
Quoting Koop
{quote} People have come to take the 10 minimum days as the actual max days allowed, especially when they think it's doable. {quote} haha "I know what i did wrong".... They most likely buy another challenge the same day or next.... sure that they would do things differently.
Mmmmmmm….. talking about me huh gambling mindset….
changing my beliefs now for good .
on a postive roll...
  • #3,665
  • Sep 9, 2021 3:21am Sep 9, 2021 3:21am
Quoting endgame99
0Decided to do an update on CTI/5ers plans, where your fee is your maxDD. Some conditions changed so I thought an update is due. Also I added comparison with a trader taking profit split out of the real account to create same conditions. {image} If you take the fee and put it in your real account, then your profits will be much higher than in the CTI account. But you have to consider that you are not making any withdrawals and therefore you're risking all your money. Then you can see that if we decide to make withdrawals from our real account in...
Our Resident numbers man.... Do you have a personal account vs. MFF accelerated comparison table please?
  • #3,666
  • Sep 9, 2021 3:33am Sep 9, 2021 3:33am
Quoting garfield75
{quote} Agree, I think that is the problem. Don't have to complete it in a day or a week. $500 a day or 0.5% a day target is all it takes to complete an evaluation successfully to get funded. Slow and STEADY
Setting a daily target is never a good thing imo. Just hold your strategy and set reasonable risk, then take what market gives. Some day might be less, some more, some big. Avoid the big losses and stay consistent with your trading and you will be fine.
  • #3,667
  • Sep 9, 2021 5:18am Sep 9, 2021 5:18am
Guys, does anyone know, with Myff challenge if you finish early can you trade micro-lots for the rest of the ten days?

BTW, where's that whizzkid Navk? His wife probably banned him from doing anymore challenges!
  • #3,668
  • Sep 9, 2021 5:57am Sep 9, 2021 5:57am
Quoting Mtinifx
Guys, does anyone know, with Myff challenge if you finish early can you trade micro-lots for the rest of the ten days? BTW, where's that whizzkid Navk? His wife probably banned him from doing anymore challenges!
Yes, if you achieve the profit target before 10 days, you can trade micro lots for the remaining days. Actually, that's what they encourage you to do.
  • #3,669
  • Sep 9, 2021 6:34am Sep 9, 2021 6:34am
Quoting Mtinifx
Guys, does anyone know, with Myff challenge if you finish early can you trade micro-lots for the rest of the ten days? BTW, where's that whizzkid Navk? His wife probably banned him from doing anymore challenges!
Yes, you can.
  • #3,670
  • Sep 9, 2021 7:00am Sep 9, 2021 7:00am
Quoting doyathink
latest lux vid... https://www.youtube.com/watch?v=8MedGbzPzM4

This is as awkward as the FTMO videos. I dno why people like these videos so much. "I only short" but NAS US30, which are historically long bias 90% of the days per year.

Literally cringe.
  • #3,671
  • Sep 9, 2021 7:23am Sep 9, 2021 7:23am
Quoting pipmaster77
{quote} Yes, you can.
Thanks, bro.

Wow things are messy today aren't they? Trust me to start my challenge after the lord mayor's show has ended!
  • #3,672
  • Sep 9, 2021 7:47am Sep 9, 2021 7:47am
Apparently another fun day over at FT after their server went down.
  • #3,673
  • Sep 9, 2021 8:11am Sep 9, 2021 8:11am
Quoting EnoFX
Apparently another fun day over at FT after their server went down.
Lol yeah. Their discord channel going nuts with complaints
  • #3,674
  • Sep 9, 2021 8:13am Sep 9, 2021 8:13am
Quoting Mtinifx
{quote} Thanks, bro. Wow things are messy today aren't they? Trust me to start my challenge after the lord mayor's show has ended!
Lol easy come, easy go Mate.
  • #3,675
  • Sep 9, 2021 8:45am Sep 9, 2021 8:45am
Quoting Koop
{quote} Lol easy come, easy go Mate.
Yes, I hate to say it, but a challenge that is up 2.5% should never be in DD after that point. Need to seriously adjust risk.
  • #3,676
  • Sep 9, 2021 9:04am Sep 9, 2021 9:04am
Quoting Koop
{quote} Lol yeah. Their discord channel going nuts with complaints
It filtered into the MFF discord and i have had to close it because its too much.
  • #3,677
  • Sep 9, 2021 9:29am Sep 9, 2021 9:29am
000
Quoting Koop
{quote} Our Resident numbers man.... Do you have a personal account vs. MFF accelerated comparison table please?
I put numbers in the spreadsheet and here are the results. (If you're serious about using my calculations to make decision and invest your hard earned money, then please double-check the numbers. You never know, mistakes happen.)

Attached Image (click to enlarge)
Click to Enlarge Name: Real vs MFF Acc.png Size: 84 KB

MFF Conventional will get you $33,000 in profits when you scale all the way to the $540,000.
Real account without withdrawals grows to over a million.
Real account with withdrawals - you pay yourself same amounts as with MFF - gives you $33,000 in withdrawals and your $500 account grows to over $200,000.

So every trader needs to make their own decision what makes sense.

Of course with your real account you are risking your entire account in just 20 trades. This could be recalculated for 30 or 40 trades to lower overall risk of blowing up.

I think that MFF Accelerated makes sense to traders who struggle with psychology and it is easier for them to trade someone else's money. But they will sacrifice profits.

I did comparison of CTI vs real account earlier. Reason why CTI makes sense is they 4x your initial account and MFF only double it. So if you want to get paid regularly, then CTI is better than real account and real account is better than MFF Conventional.

I hope this helps.
  • #3,678
  • Sep 9, 2021 10:40am Sep 9, 2021 10:40am
Quoting endgame99
000{quote} I put numbers in the spreadsheet and here are the results. (If you're serious about using my calculations to make decision and invest your hard earned money, then please double-check the numbers. You never know, mistakes happen.) {image} MFF Conventional will get you $33,000 in profits when you scale all the way to the $540,000. Real account without withdrawals grows to over a million. Real account with withdrawals - you pay yourself same amounts as with MFF - gives you $33,000 in withdrawals and your $500 account grows to over $200,000....
Thanks man. I'll look through it after market close then report back.
  • #3,679
  • Sep 9, 2021 1:21pm Sep 9, 2021 1:21pm
Quoting pipmaster77
{quote} Yes, I hate to say it, but a challenge that is up 2.5% should never be in DD after that point. Need to seriously adjust risk.

I haven't blown out mate. Still in the game. Just! It's only a grand and a half - not a train crash yet
  • #3,680
  • Sep 9, 2021 3:40pm Sep 9, 2021 3:40pm
Quoting endgame99
000{quote} I put numbers in the spreadsheet and here are the results. (If you're serious about using my calculations to make decision and invest your hard earned money, then please double-check the numbers. You never know, mistakes happen.) {image} MFF Conventional will get you $33,000 in profits when you scale all the way to the $540,000. Real account without withdrawals grows to over a million. Real account with withdrawals - you pay yourself same amounts as with MFF - gives you $33,000 in withdrawals and your $500 account grows to over $200,000....
Thanks for this. That whole direct funding model is getting really difficult to justify given the profit disparity when compared with a personal account. The only upside that I see to doing it is black swan protection, such as broker going tits up, or some type of extreme market move that could wipe out your personal account. Apart from that I'm not really seeing the rationale behind it.
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