Prop Firm Hub | Page 336 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #6,701
  • Feb 20, 2022 10:52am Feb 20, 2022 10:52am
Quoting manuforex
{quote} It did increase but at the end when you passed the 3 phases, the final cost of challenge will be the same. Also, for each phase, you had to do 8% profit, now it’s 6%. I’m currently in phase 2 of the challenge. It’s more peaceful that MFF or FTMO, because you have 1 year to finish challenge.
I didn't even notice the new 6% phase requirement. Thanks for the info!
Pride always comes before destruction.... -Proverbs 16:18
  • #6,702
  • Feb 20, 2022 11:26am Feb 20, 2022 11:26am
Quoting manuforex
{quote} It did increase but at the end when you passed the 3 phases, the final cost of challenge will be the same. Also, for each phase, you had to do 8% profit, now it’s 6%. I’m currently in phase 2 of the challenge. It’s more peaceful that MFF or FTMO, because you have 1 year to finish challenge.
You still need to produce 6% with 5%DD, a 120% return 3 times. MFF, phase 1 67% return, phase 2 41%, FTMO phase 1 100%, phase 2 50%. With the 5%ers, money will yield much better results in a personal account. Then, once funded with the 5%ers you need to make 250% (10% profit with 4% DD) to be increased 200%. Tell me, where would anyone sign up when being told hey increase your account 250%, but we're only going to increase it 200%. But, wait, there is more, for that privilege of screwing you out of that extra 50%, we are going to take half your profits.
I just cannot understand, how folks lack the basic math skills to see through the 5%ers.
  • #6,703
  • Feb 20, 2022 11:54am Feb 20, 2022 11:54am
Can you take the FTMO and MFF challenges at the same time with same trades? Is that count as copy trading? I am asking this esspecially for MFF, because they have some issues about irrelevant copy trading accusations...
  • #6,704
  • Feb 20, 2022 12:08pm Feb 20, 2022 12:08pm
Quoting martyr13
Can you take the FTMO and MFF challenges at the same time with same trades? Is that count as copy trading? I am asking this esspecially for MFF, because they have some issues about irrelevant copy trading accusations...
yes would be interested to hear about this as well from those who have accounts with both of these prop firms and trade the same trades. It sounds like you may need to copy from the MFF a/c to the FTMO a/c based on earlier postings?
  • #6,705
  • Feb 20, 2022 12:59pm Feb 20, 2022 12:59pm
Quoting pipmaster77
{quote} You still need to produce 6% with 5%DD, a 120% return 3 times. MFF, phase 1 67% return, phase 2 41%, FTMO phase 1 100%, phase 2 50%. With the 5%ers, money will yield much better results in a personal account. Then, once funded with the 5%ers you need to make 250% (10% profit with 4% DD) to be increased 200%. Tell me, where would anyone sign up when being told hey increase your account 250%, but we're only going to increase it 200%. But, wait, there is more, for that privilege of screwing you out of that extra 50%, we are going to take half...
I don't see rules regarding maximum trading period of MFF , but let's compare FTMO with 5er:
phase 1: 5er 4% drawdown, 6% profit target, SIX Month
phase 1: FTMO 10% drawdow, 10% profit target, ONE Month
Is it fair to compare when they have such a big difference of maximum allowed trading time?
If you consider ROE, then 5er only requires you to have 6%/6 months, which is only 1% profit target per month on average, while FTMO requires a 10 percent per month though it seems FTMO allows you to have a larger drawdown.
Besides, you have to understand for certain strategies, some months just perform worse than other months, so 6 months gives you more leeway.
  • #6,706
  • Feb 20, 2022 2:03pm Feb 20, 2022 2:03pm
https://finotrader.com/ref=91

no time limit on their challenges,they have a telegram channel too,only time will tell if they are really legit
  • #6,707
  • Feb 20, 2022 2:40pm Feb 20, 2022 2:40pm
Quoting Sc11
{quote} yes would be interested to hear about this as well from those who have accounts with both of these prop firms and trade the same trades. It sounds like you may need to copy from the MFF a/c to the FTMO a/c based on earlier postings?
I copy from MFF to FTMO without problems. I can’t recall the exact reason why as I was funded with FTMO first. I think it was the two different copy ea’s I was testing at the time. One behaved differently from FTMO to MFF for whatever reasons.
Trade with confidence, trade without fear.
  • #6,708
  • Feb 20, 2022 3:28pm Feb 20, 2022 3:28pm
Quoting Cryptosurf
{quote} I copy from MFF to FTMO without problems. I can’t recall the exact reason why as I was funded with FTMO first. I think it was the two different copy ea’s I was testing at the time. One behaved differently from FTMO to MFF for whatever reasons.
Crypto, may I ask which copier u use? And did you let it approve by MFF/FTMO?
  • #6,709
  • Feb 20, 2022 4:12pm Feb 20, 2022 4:12pm
Quoting sailorvt
{quote} I don't see rules regarding maximum trading period of MFF , but let's compare FTMO with 5er: phase 1: 5er 4% drawdown, 6% profit target, SIX Month phase 1: FTMO 10% drawdow, 10% profit target, ONE Month Is it fair to compare when they have such a big difference of maximum allowed trading time? If you consider ROE, then 5er only requires you to have 6%/6 months, which is only 1% profit target per month on average, while FTMO requires a 10 percent per month though it seems FTMO allows you to have a larger drawdown. Besides, you have to understand...
I'm simply stating if you need the unlimited time, you shouldn't use a prop firm. If trading at your own pace, the money will compound much quicker in a personal account. By the time you reach the top of the 5%ers, personal account will have more than 3x the max loss you will have at the 5%ers at that stage.
With MFF and similar, let's take 200K with MFF you have 24K DD to earn $16K stage 1, 67%, than 24K to earn $10K stage 2, 41%. Cost is $979. Take $979 and perform at those levels in a personal account, you have $2,315, do it with MFF and you have $24K max loss. 10 times your investment plus fee is refunded. When you take the 5%ers fee and put in a personal account and accomplish what they are asking, it is complete opposite instead of you having a max loss which is 10x your investment , you have a max loss which is 1/3 of your investment. You are literally funding your own account and giving them 50%.
  • #6,710
  • Feb 20, 2022 5:56pm Feb 20, 2022 5:56pm
Quoting Olarion1975
{quote} Crypto, may I ask which copier u use? And did you let it approve by MFF/FTMO?
FX Blue, it free, fast and flexible. Its local host only. I had purchased another one off the marketplace but was not as good as FX Blue. I needed no approval, had never been asked any questions either.

FX Blue - Fast, powerful forex trade copier for MT4
Trade with confidence, trade without fear.
  • #6,711
  • Feb 21, 2022 1:51am Feb 21, 2022 1:51am
your copy trading is on mt4 or mt5, just asking because fx blue works fine with mt4, with mt5 has some problems
  • #6,712
  • Feb 21, 2022 2:13am Feb 21, 2022 2:13am
Quoting Cryptosurf
{quote} I copy from MFF to FTMO without problems. I can’t recall the exact reason why as I was funded with FTMO first. I think it was the two different copy ea’s I was testing at the time. One behaved differently from FTMO to MFF for whatever reasons.
Hi Crypto - it was probably because MFF has a rule that allows copying only from an MFF account (they do not allow even from your other owned accounts - I know I spent quite some time asking these questions). The answer was as long as the MFF account is the master account then there is no issue where you copy to, another MFF or FTMO or whoever.

FTMO have no such issues regarding copy trading from your own accounts regardless who is the broker, so I am guessing you did the smart thing at the time and made the MFF the master account.

Cheers
maahome
  • #6,713
  • Feb 21, 2022 5:19am Feb 21, 2022 5:19am
Quoting maahome
{quote} Hi Crypto - it was probably because MFF has a rule that allows copying only from an MFF account (they do not allow even from your other owned accounts - I know I spent quite some time asking these questions). The answer was as long as the MFF account is the master account then there is no issue where you copy to, another MFF or FTMO or whoever. FTMO have no such issues regarding copy trading from your own accounts regardless who is the broker, so I am guessing you did the smart thing at the time and made the MFF the master account. ...
Thanks for the info. Very subtle rule indeed
  • #6,714
  • Feb 21, 2022 6:08am Feb 21, 2022 6:08am
Quoting maahome
{quote} Hi Crypto - it was probably because MFF has a rule that allows copying only from an MFF account (they do not allow even from your other owned accounts - I know I spent quite some time asking these questions). The answer was as long as the MFF account is the master account then there is no issue where you copy to, another MFF or FTMO or whoever. FTMO have no such issues regarding copy trading from your own accounts regardless who is the broker, so I am guessing you did the smart thing at the time and made the MFF the master account. ...
That's not correct at all. Not sure who you heard that from. I contacted Connor on their Discord support and confirmed.

Attached Image (click to enlarge)
Click to Enlarge Name: mfff resposne.png Size: 23 KB


Attached Image (click to enlarge)
Click to Enlarge Name: MFF.png Size: 24 KB
Trade with confidence, trade without fear.
  • #6,715
  • Feb 21, 2022 6:20am Feb 21, 2022 6:20am
Quoting Cryptosurf
{quote} That's not correct at all. Not sure who you heard that from. I contacted Connor on their Discord support and confirmed. {image} {image}
So it is okay to copy from FTMO to MFF, right?
  • #6,716
  • Feb 21, 2022 6:23am Feb 21, 2022 6:23am
Quoting Cryptosurf
{quote} That's not correct at all. Not sure who you heard that from. I contacted Connor on their Discord support and confirmed. {image} {image}

Problem in their own stuffs, i also received an email reply that by not using mff as master violating their rules and its a soft breach. For next time they will ban me.

after that i asked with details question then no response from that person and told me that new person will be attained to that issue and noting form their end at all.
  • #6,717
  • Feb 21, 2022 6:30am Feb 21, 2022 6:30am
Quoting sailorvt
{quote} I don't see rules regarding maximum trading period of MFF , but let's compare FTMO with 5er: phase 1: 5er 4% drawdown, 6% profit target, SIX Month phase 1: FTMO 10% drawdow, 10% profit target, ONE Month Is it fair to compare when they have such a big difference of maximum allowed trading time? If you consider ROE, then 5er only requires you to have 6%/6 months, which is only 1% profit target per month on average, while FTMO requires a 10 percent per month though it seems FTMO allows you to have a larger drawdown. Besides, you have to understand...

reduced target for every phase looks lilbit attractive. still 3 phase a long time. and 1:1.2 target ratio will take longer than normal challenge program.

problem with direct funding model is they r not actually gives u any thing from their pocket all r traders money they will take profit from ur own investment and profits.

plz check shared image.

Also, they don't have other choices also. Challenge based firm gets huge cash from failed traders so that they can cover the losses when trader losses on live acc. but direct funding cant offer more than the fee as they dont have money flow from failed challenges. dt4x offered more than the fee in direct funding model and now they are out of business.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 29 KB
  • #6,718
  • Feb 21, 2022 6:35am Feb 21, 2022 6:35am
Quoting inversio
{quote} Problem in their own stuffs, i also received an email reply that by not using mff as master violating their rules and its a soft breach. For next time they will ban me. after that i asked with details question then no response from that person and told me that new person will be attained to that issue and noting form their end at all.
Yeah they do need to square this issue. Support staff seem to be causing unnecessary confusion regarding this.

Take it to their thread and post for clarification. https://www.forexfactory.com/thread/...s-discussionqa
Trade with confidence, trade without fear.
  • #6,719
  • Edited 11:38am Feb 21, 2022 10:17am | Edited 11:38am
Prop firms have started to act as cartoon's Tom and Jerry very ugly .... all around there are compalins from ppl for chating..!
Attached Image (click to enlarge)
Click to Enlarge Name: uu.jpg Size: 79 KB
  • #6,720
  • Feb 21, 2022 3:21pm Feb 21, 2022 3:21pm
The one thing i dont like about MFF is that they wanna see your expert to evaluate it IF they let you trade automated aka algos

sorry but i aint gonna give you proprietary info so you can reverse engineer it...thats where FTMO is better
52 traders viewing now