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Anyone trading with a Prop firm 31 replies

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  • #3,721
  • Edited 11:43am Sep 10, 2021 11:32am | Edited 11:43am
Quoting EnoFX
{quote} Looking forward to seeing your comparison of MFF accelarated vs. personal account.
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....

Yeah, i take that back...
Once you use the same risk of ruin value for both accounts.... The personal account comes out on top in the end..
In my calculations, using just my eyes... risking the same or more on the personal account than on the Accelerated account in the later stages (i.e risking $225 per trade on $4500 balance and higher onwards} just seemed too unrealistic/reckless in a practical trading scenario....
But when i think about it... it's just the same thing on the Accelerated account with a 5% max DD.

For some reason, i could see right through the 5ers 4% DD right from the start and called it out for that BS, but the MFF accelerated marketing almost fooled me.
Matter of fact i still feel i'm missing something.

That's why i say they're all inferior to the Challenge models either ways..
  • #3,722
  • Sep 10, 2021 11:42am Sep 10, 2021 11:42am
Quoting Mtinifx
I can understand comparing the accelerated account program with a personal account IF there was no scaling. However, with the scaling benefit IMHO there is no contest. I mean in a few weeks IF you trade carefully and with very disciplined money management, and let's say you go for the 20k option, you could be sitting with a 120k/180k account with weekly payouts and of course once you get to that level your 5% DD allowance is far bigger. If one manages 5% a week from the start, even at only 50% of the profits, that's not a bad payout every week!...
Lol yeah, i see where you're coming from... but this is the problem-

A $180k account with 5% max DD has $9000 wiggle room.
If you started your personal account with the same $1000 you paid for the $20k accelerated and used exactly the same risk and strategy you would have used on the Accelerated to get your account to the 180k stage, then you would have the same $9000 or more in your Personal account at that stage and would have been keeping 100% percent of your profits.
  • #3,723
  • Sep 10, 2021 11:53am Sep 10, 2021 11:53am
Quoting Koop
{quote} {quote} Yeah, i take that back... Once you use the same risk of ruin value for both accounts.... The personal account comes out on top in the end.. In my calculations, using just my eyes... risking the same or more on the personal account than on the Accelerated account in the later stages (i.e riakin $225 per trade on $4500 balance and higher onwards} just seemed too unrealistic/reckless in a practical trading scenario.... But when i think about it... it's just the same thing on the Accelerated account with a 5% max DD. For some reason,...
Yes, the only "challenge" is phase 1. Phase 2 is easy, if you take the full 60 days, it's probably less than what you'll be earning per month once you pass. After stage 2, you are trading with 20-25 times DD vs the fee you paid, which is now refunded, so 0 risk in the game, but 10K, 12K, even 24K in DD (the 24 K is actually $50 less than the cost of 1000 in DD on a scaling type firm). No brainer, but maybe I see things differently lol.
  • #3,724
  • Sep 10, 2021 4:14pm Sep 10, 2021 4:14pm
Quoting Takisd
{quote} Mate you're down 1.4 %... its over... there is no recovering from that.. Time to get a mcjob and move on.... Literally half a trade and you are in black so its funny someone would make such a comment
Ha ha.

The 200K was down 1.7% below initial balance.

Still well within trading objective risk parameters.

Then out come the premature mud slingers ... ridiculous.

In any case plenty of time to drive the account in any direction.

Constructive criticism is always welcome provided it comes from someone with a reasonable amount of intelligence.

Onward and upward.

Masterrmind ........
Master your Mind then Master your Trades
  • #3,725
  • Sep 10, 2021 7:42pm Sep 10, 2021 7:42pm
500K Funding target.
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  • #3,726
  • Sep 11, 2021 12:13am Sep 11, 2021 12:13am
Quoting garfield75
500K Funding target. {image}
Going well.

Masterrmind ........
Master your Mind then Master your Trades
  • #3,727
  • Sep 11, 2021 9:41am Sep 11, 2021 9:41am
Please excuse my ignorance when it comes to Prop Firm trading. Does it make sense to focus only on those Prop Firms that use a "Type A" book rather then "B" booking everything? For example, There are a couple Prop Firms that use Global Prime. I believe they are considered a "A book" Broker?
  • #3,728
  • Sep 11, 2021 10:02am Sep 11, 2021 10:02am
Quoting bojack34
Please excuse my ignorance when it comes to Prop Firm trading. Does it make sense to focus only on those Prop Firms that use a "Type A" book rather then "B" booking everything? For example, There are a couple Prop Firms that use Global Prime. I believe they are considered a "A book" Broker?
The Most popular online prop firms all have/offer their own MT4 servers these days (FTMO, MFF, FT, 5ers, TCF), all demo accounts, so i don't believe the A book/B book thing applies here or has any relevance since you're not really trading on the live markets....... The question one has to ask instead is which of these firms is most likely to manipulate their platform servers at the expense of challenge/funded traders?

However, the newer firms like Buoytrade and Theproptrading still use brokers such as Global Prime and "The brokers capital" respectively...
And as i said before, being A book or not doesn't seem to matter much in this demo trading case. All you have to do is your own due diligence regarding the brokers' spreads and efficiency of their servers......... by downloading their demos yourself.
  • #3,729
  • Sep 11, 2021 10:34am Sep 11, 2021 10:34am
Quoting Koop
{quote} The Most popular online prop firms all have/offer their own MT4 servers these days (FTMO, MFF, FT, 5ers, TCF), all demo accounts, so i don't believe the A book/B book thing applies here or has any relevance since you're not really trading on the live markets....... The question one has to ask instead is which of these firms is most likely to manipulate their platform servers at the expense of challenge/funded traders? However, the newer firms like Buoytrade and Theproptrading still use brokers such as Global Prime and "The brokers capital"...
To add to the point Koop, I found (I use MFF and FTMO), things are much smoother once those two firms adapted their own server. When I started with FTMO, they were using LMAX. I was pumped as I do not have access to LMAX in the USA. Spreads were horrendous. With your own server, you do not have to rely on the broker or any of their issues you would not be in control of.
  • #3,730
  • Edited 8:49pm Sep 11, 2021 5:52pm | Edited 8:49pm
Thought I'd spice things up with a personal sacrifice for the prop firm trader team.

A model and company that most probably don't like. I didn't want Taksid to outdo me with all of his altruistic endeavors so I pulled the trigger on a 25K funded DT4X account. Terrible price, terrible payout percentage, terrible leverage, terrible drawdown percentage. Seemed perfect for me

I'll put up a trade explorer when I get the credentials. Like most, I enjoy watching things blow up.
Pride always comes before destruction.... -Proverbs 16:18
  • #3,731
  • Sep 11, 2021 9:25pm Sep 11, 2021 9:25pm
Quoting Expo33
Thought I'd spice things up with a personal sacrifice for the prop firm trader team. A model and company that most probably don't like. I didn't want Taksid to outdo me with all of his altruistic endeavors so I pulled the trigger on a 25K funded DT4X account. Terrible price, terrible payout percentage, terrible leverage, terrible drawdown percentage. Seemed perfect for me I'll put up a trade explorer when I get the credentials. Like most, I enjoy watching things blow up.
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  • #3,732
  • Sep 11, 2021 9:48pm Sep 11, 2021 9:48pm
Quoting Expo33
Thought I'd spice things up with a personal sacrifice for the prop firm trader team. A model and company that most probably don't like. I didn't want Taksid to outdo me with all of his altruistic endeavors so I pulled the trigger on a 25K funded DT4X account. Terrible price, terrible payout percentage, terrible leverage, terrible drawdown percentage. Seemed perfect for me I'll put up a trade explorer when I get the credentials. Like most, I enjoy watching things blow up.
Lmao That's a good man. A great man.

Although, i think on paper, DT4x has the best direct funding offer. better than 5ers, MFF, Buoytrade, TCF, BLuFX, Lux, etc. (not considering scaling).
just like the scummy Tradersprop while they were still around.

$10k account - $275... MFF and Buoytrade - $300
10% max loss.... compared to the 5% from MFF and others
1:10 leverage .....
60% split.... highest amongst all the Direct funding offers


But all this is on paper. I have not the balls to try them yet.

I applaud your courage Expo. What an Alpha.
.......

.......

Now we watch...
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  • #3,733
  • Sep 11, 2021 10:03pm Sep 11, 2021 10:03pm
Quoting Koop
{quote} Lmao That's a good man. A great man. Although, i think on paper, DT4x has the best direct funding offer. better than 5ers, MFF, Buoytrade, TCF, BLuFX, Lux, etc. (not considering scaling). just like the scummy Tradersprop while they were still around. $10k account - $275... MFF and Buoytrade - $300 10% max loss.... compared to the 5% from MFF and others 1:10 leverage ..... 60% split.... highest amongst all the Direct funding offers But all this is on paper. I have not the balls to try them yet. I applaud your courage Expo. What an Alpha....
I agree.

In all seriousness, I think their model is much better than the rest. Same old storyline. On the 25K acct, earn 5% before losing 5% and you get 60% of $1250 so $750. That gets you $355 ahead of the game with a free roll going forward in addition to the scaling potential. I'm just not into grinding out any evaluations at the moment.
Pride always comes before destruction.... -Proverbs 16:18
  • #3,734
  • Sep 12, 2021 1:10am Sep 12, 2021 1:10am
Quoting Expo33
{quote} I agree. In all seriousness, I think their model is much better than the rest. Same old storyline. On the 25K acct, earn 5% before losing 5% and you get 60% of $1250 so $750. That gets you $355 ahead of the game with a free roll going forward in addition to the scaling potential. I'm just not into grinding out any evaluations at the moment.
Hmm, wonder what is the catch,
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  • #3,735
  • Sep 12, 2021 3:39am Sep 12, 2021 3:39am
DT4X looks very good on paper
i wll watch your progress...expo
  • #3,736
  • Sep 12, 2021 5:48am Sep 12, 2021 5:48am
Quoting Expo33
Thought I'd spice things up with a personal sacrifice for the prop firm trader team. A model and company that most probably don't like. I didn't want Taksid to outdo me with all of his altruistic endeavors so I pulled the trigger on a 25K funded DT4X account. Terrible price, terrible payout percentage, terrible leverage, terrible drawdown percentage. Seemed perfect for me I'll put up a trade explorer when I get the credentials. Like most, I enjoy watching things blow up.
DT4 looks interesting but the leverage of only 1:10 on phase 1 and no indices trading or use of EA's (unless they 'approve' of it) is slightly off putting. But no harm in trying out with a small stake to test the waters.
Your worst drawdown is yet to come
  • #3,737
  • Sep 12, 2021 6:35am Sep 12, 2021 6:35am
DT4xtrader !!???

guys i always think propfirm is all about subscription you pay, drawdown they allow and scaling plan they offer.
Now what DT4x offer? is it real.! do they really combine all these in one package ?
i feel like they combine (FTMO & The5%) together.
I think we should have many successful traders with them as long as they give drawdown 4 times more than subscription fees and offer scaling plan with no evaluation at all.
first time hearing about them.

thanks mastermind for the great thread.
  • #3,738
  • Edited 10:47am Sep 12, 2021 9:41am | Edited 10:47am
Quoting Expo33
Thought I'd spice things up with a personal sacrifice for the prop firm trader team. A model and company that most probably don't like. I didn't want Taksid to outdo me with all of his altruistic endeavors so I pulled the trigger on a 25K funded DT4X account. Terrible price, terrible payout percentage, terrible leverage, terrible drawdown percentage. Seemed perfect for me I'll put up a trade explorer when I get the credentials. Like most, I enjoy watching things blow up.
Good luck expo with the dt4x trading.
Would you mind to share the broker name you chosen and eventually the reason for the decision?

I do know only FXCM (everybody knows them I believe due the ban they got in US) and IC Markets.Do not know others. Anyone can compare the pros and cons of the brokers?
  • #3,739
  • Sep 12, 2021 11:05am Sep 12, 2021 11:05am
Quoting garfield75
{quote} Hmm, wonder what is the catch, {image}
I'm guessing the "catch" is you won't get paid. This is the same company Koop discovered and showed me end of last year. At that time, they had copied the FTMO model and pretty much their website as well. Must have not been successful, as I do not even see that offering any longer and the original website is "under maintenance". I'd stay laser focused on exactly what you're doing garfield75, based on your post the other day, secure that 500K and don't get derailed.
  • #3,740
  • Edited 1:04pm Sep 12, 2021 12:49pm | Edited 1:04pm
Quoting nebby
{quote} DT4 looks interesting but the leverage of only 1:10 on phase 1 and no indices trading or use of EA's (unless they 'approve' of it) is slightly off putting. But no harm in trying out with a small stake to test the waters.
I don't trade indices (probably should though). I do like to trade Bitcoin as it seems to work very well with my system so that will be a bummer. Plenty of leverage for me. I do like to use a "trendline EA". I'm assuming they will approve it but I'll have to check with them.

Got my credentials this morning. Not bad for the weekend, 18 hours from payment.
Pride always comes before destruction.... -Proverbs 16:18
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