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  • #4,081
  • Sep 26, 2021 6:48pm Sep 26, 2021 6:48pm
Quoting Vitore
{quote} 10 days, or 5, or even 30 - is nearly irrelevant to successful traders..those attracted by 5 days compared to 10 are mostly just impatient and rushing in for the fortune..
Nope. That's not necessarily true.

Consider what the FTMO process was before the recent embrace of bi-weekly payouts..

If you were able to manage to complete both phases of the challenge under 10 days, it would've taken you 20 trading days i.e. about 30 calendar days to go live..

Then, once funded, it would take another 30 calendar days before your first profit split..

That's two months before anything comes back to you...and there's totally no reason to waste that much of the trader's time..

I was of the opinion that if one exceeded the targets by at least 0.1%, then the 10 day rule should be done away for that individual..
  • #4,082
  • Sep 26, 2021 6:54pm Sep 26, 2021 6:54pm
Ps. We may say MFF & FTMO are both sharing the top spot, but they really are not. From the perspective of cost and trading terms, one's now quite better than the other..
  • #4,083
  • Sep 26, 2021 7:12pm Sep 26, 2021 7:12pm
Quoting Thoughts
Ps. We may say MFF & FTMO are both sharing the top spot, but they really are not. From the perspective of cost and trading terms, one's now quite better than the other..
For me, MFF has the top spot just for the plain fact that FTMO's evaluation prices aren't even remotely competitive.

FTMO - 25K 2-phase evaluation = $293
MFF - 50K 2-phase evaluation = $299

I mean come on now. Do I want to pay $293 for a chance at $2500 in drawdown or pay $299 for a chance at $6000 in drawdown?

Or, do I forgo both of these and just pay Jessica to Jiggle her Jumblies on a Jumbo Jet?
Pride always comes before destruction.... -Proverbs 16:18
  • #4,084
  • Sep 27, 2021 12:19am Sep 27, 2021 12:19am
Quoting Expo33
{quote} Or, do I forgo both of these and just pay Jessica to Jiggle her Jumblies on a Jumbo Jet?
Who's Jessica ?
  • #4,085
  • Sep 27, 2021 2:21am Sep 27, 2021 2:21am
Quoting Expo33
{quote} For me, MFF has the top spot just for the plain fact that FTMO's evaluation prices aren't even remotely competitive. FTMO - 25K 2-phase evaluation = $293 MFF - 50K 2-phase evaluation = $299 I mean come on now. Do I want to pay $293 for a chance at $2500 in drawdown or pay $299 for a chance at $6000 in drawdown? Or, do I forgo both of these and just pay Jessica to Jiggle her Jumblies on a Jumbo Jet?
Hahaha Leave Jess alone


I feel like it's an ego thing for FTMO. Any reduction in price at this moment would imply that contrary to what they've been saying, they actually give a damn about the serious competition. But it's Okay FTMO!!!... we don't care about that.
  • #4,086
  • Sep 27, 2021 2:52am Sep 27, 2021 2:52am
Quoting Expo33
{quote} For me, MFF has the top spot just for the plain fact that FTMO's evaluation prices aren't even remotely competitive. FTMO - 25K 2-phase evaluation = $293 MFF - 50K 2-phase evaluation = $299 I mean come on now. Do I want to pay $293 for a chance at $2500 in drawdown or pay $299 for a chance at $6000 in drawdown? Or, do I forgo both of these and just pay Jessica to Jiggle her Jumblies on a Jumbo Jet?
Why would any successful trader care about the evaluation fee unless its ridiculously high which is not in either case here? It's just a deposit that allows you to trade someone else's capital. As soon as you prove you're able to do it, you get it back with the first profit split and can pay another evaluation to scale up.

The funded account trading conditions are much more relevant than the evaluation price or duration. The fee is only important when you have a short-time goal to get rich fast, which never works long term.

Long term, in order to ensure a low risk source of income, you need to operate with 100k account at least anyways. At this level, prices are closer though I agree FTMO is a bit more expensive (but offers bigger daily DD buffer which allows you for much safer swing trading)

MFF - 100K = $499 (daily DD measured from equity if it's higher than the balance which is an extreme risk for swing trading)
FTMO - 100K = $632 (27% higher fee but daily DD measured always from the balance which allows you to cumulate open profits during swings without risking to hit the daily DD level)

If you are successful then you get 90% profit split from FTMO but "only" 85% from MFF
Money is made by sitting, not trading
  • #4,087
  • Sep 27, 2021 3:09am Sep 27, 2021 3:09am
Good to know: with Blue Edge Funding you do not get your account instantly or overnight but in several days.

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  • #4,088
  • Sep 27, 2021 3:48am Sep 27, 2021 3:48am
Quoting Vitore
{quote} Why would any successful trader care about the evaluation fee unless its ridiculously high which is not in either case here?
it's not about the fees alone that gives two chances better than ftmo.
Just imagine that you are cons profitable trader and your eval time is about to end and you just 0.5% less from target. with FTMO you supposed to repeat the whole Race from the beginning, while with MFF you just ask for more oxygen to continue. for me this is the golden buzzer .
  • #4,089
  • Sep 27, 2021 4:02am Sep 27, 2021 4:02am
Quoting Vitore
{quote} Why would any successful trader care about the evaluation fee unless its ridiculously high which is not in either case here? It's just a deposit that allows you to trade someone else's capital. As soon as you prove you're able to do it, you get it back with the first profit split and can pay another evaluation to scale up. The funded account trading conditions are much more relevant than the evaluation price or duration. The fee is only important when you have a short-time goal to get rich fast, which never works long term. Long term, in...
Isnt DD level on myff calculated starting day balance - allowed daily drawdown. So whats the difference between myff and ftmo, both have the same?
Anything above the line is an uptrend, below the line is a downtrend.
  • #4,090
  • Edited 4:14am Sep 27, 2021 4:04am | Edited 4:14am
Hello traders ...

Has anybody experienced funded academy yet ...?

I'm soo tempted by their OWN DEPOSIT PROGRAM... i can't sleep at night.. lol
  • #4,091
  • Sep 27, 2021 5:00am Sep 27, 2021 5:00am
Quoting Degolep
{quote} Isnt DD level on myff calculated starting day balance - allowed daily drawdown. So whats the difference between myff and ftmo, both have the same?
It's not the same. Example:

100k actual account balance, one open trade in profit +1.5k which you want to keep open for several days because you see its potential.

On the next day, your daily equity limits are as follows:
FTMO: account balance - 5% = 100k - 5% = 95k; the DD buffer = 101.5k - 95k = 6.5k
MFF: higher of the account balance or equity - 5% = (100+1.5)k - 5% of (100+1.5)k = 96.425k; the DD buffer = 101.5k - 96.425k = 5.075k

The gap gets bigger as the open profit grows. In a possibly extreme case of 10% of open profit on a funded account it can be as much as
FTMO: 15k
MFF: 5.5k - which means you have effectively almost 3 times smaller daily drawdown limit for your swing trade than you'd have with FTMO
Money is made by sitting, not trading
  • #4,092
  • Sep 27, 2021 6:14am Sep 27, 2021 6:14am
Quoting mcquak
Good to know: with Blue Edge Funding you do not get your account instantly or overnight but in several days. {image}
That's absurd. Pay your money and wait up to 8 days!!!!
  • #4,093
  • Sep 27, 2021 6:16am Sep 27, 2021 6:16am
Quoting Feelas
{quote} it's not about the fees alone that gives two chances better than ftmo. Just imagine that you are cons profitable trader and your eval time is about to end and you just 0.5% less from target. with FTMO you supposed to repeat the whole Race from the beginning, while with MFF you just ask for more oxygen to continue. for me this is the golden buzzer .
20% less target as well.8% vs. 10%. I think they're both great, just sayin'
  • #4,094
  • Sep 27, 2021 6:46am Sep 27, 2021 6:46am
Quoting pipmaster77
{quote} That's absurd. Pay your money and wait up to 8 days!!!!
Exactly, I do not see any rationale behind that. 1,2 days fair enough but what the heck can take them a week to setup demo account?
  • #4,095
  • Sep 27, 2021 6:52am Sep 27, 2021 6:52am
Quoting pipmaster77
{quote} That's absurd. Pay your money and wait up to 8 days!!!!
This was actually an LOL post for me. . Thanks Pipmaster...but now you've got me doubting if youre a successful trader
  • #4,096
  • Sep 27, 2021 6:52am Sep 27, 2021 6:52am
Quoting mcquak
{quote} Exactly, I do not see any rationale behind that. 1,2 days fair enough but what the heck can take them a week to setup demo account?
Clearly a one man show and absolutely zero automation.
  • #4,097
  • Sep 27, 2021 6:53am Sep 27, 2021 6:53am
Quoting mcquak
{quote} Exactly, I do not see any rationale behind that. 1,2 days fair enough but what the heck can take them a week to setup demo account?
Just a comment, why 1 or 2 days. 1 or 2 hours is not enough, unless out of their normal working hours?
Follow your guts, if you want to lose your money...
  • #4,098
  • Sep 27, 2021 6:57am Sep 27, 2021 6:57am
Quoting JotaP
{quote} Just a comment, why 1 or 2 days. 1 or 2 hours is not enough, unless out of their normal working hours?
I 've been working as programmer for whole of my life. So to me, it should be instant action after payment processed sucefully by payment processor
  • #4,099
  • Sep 27, 2021 7:18am Sep 27, 2021 7:18am
Quoting Thoughts
{quote}This was actually an LOL post for me. . Thanks Pipmaster...but now you've got me doubting if youre a successful trader
Lmao ohhhh shots fired.

Vitore!!!!!

Quoting pipmaster77
{quote} Clearly a one man show and absolutely zero automation.
Man I'd be surprised as hell if these course sellers had more than 5 persons who've patronised them. Everything they offer is already being offered by another firm at a more affordable rate and with better conditions.
It's just weird.
  • #4,100
  • Sep 27, 2021 7:30am Sep 27, 2021 7:30am
Quoting Thoughts
{quote}This was actually an LOL post for me. . Thanks Pipmaster...but now you've got me doubting if youre a successful trader
I'm afraid I don't understand the correlation there. Commenting on waiting 8 days for your account to arrive after paying the fee. Successful traders have no issue waiting 8 days? What did I miss? lol
I guess it depends on what you consider successful. If grinding out 1-1.5% on 300K is successful, then yes, if not , than no.
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