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  • #6,741
  • Edited 11:19pm Feb 22, 2022 8:03pm | Edited 11:19pm
Quoting navk
Hey guys, I am travelling currently but noticed that my trades hit the levels and passed phase 2 evaluation. Will start contract process on Monday {image}
I submitted KYC documents and contract agreement last saturday and within hours MFF enabled my funded account and sent mt4 login credentials thro email to me.

Monday, I was busy did not trade.

However in NY session, I got opportunity to start trading with live account and closed them all in profit in Tokyo session.

whatever I get, will be fine. But my aim would be to trade in the same way as challenge account, the only difference would be with reduced lot size.

And I signed up for new 100k challenge with MFF and that is going on too. So for so good.
Intraday only.
  • #6,742
  • Feb 22, 2022 11:07pm Feb 22, 2022 11:07pm
Quoting navk
{quote} I submitted KYC documents and contract agreement last saturday and within hours MFF enabled my funded account details and sent email to me. Monday, I was busy did not trade. However in NY session, I got opportunity to start trading with live account and closed them in profit in Tokyo session. whatever I get, will be fine. But my aim would be to trade in the same way as challenge account, the only difference would be with reduce lot size. And I signed up for new 100k challenge with MFF and that is going on too. So for so good.
Congrats and good luck!

I'm at 8.5% profit 26 days into my 20K live account and 12% profit 22 days into my 10K account. Looking forward to my first payout!
Pride always comes before destruction.... -Proverbs 16:18
  • #6,743
  • Feb 22, 2022 11:18pm Feb 22, 2022 11:18pm
Quoting Expo33
{quote} Congrats and good luck! I'm at 8.5% profit 26 days into my 20K live account and 12% profit 22 days into my 10K account. Looking forward to my first payout!
Great, wish you good luck.

And it is exciting to receive first payout.

By the way, when did you receive 2 % bonus for phase 1 completion ?

Did you send email to them for bonus payout ?
Intraday only.
  • #6,744
  • Feb 22, 2022 11:41pm Feb 22, 2022 11:41pm
Quoting Muhammedfx
no reply yet even after repeated emails looks like no one is sitting on the desk at finotrade the offer was too good but looks like the company is not
Just to update the audience here

I got multiple emails from them to try different ways to buy the challenge but all my cards have declined even those who are international

so finally they gave me their bank details to make the wire transfer

I requested them to take PayPal but they have not provided that option yet.


Looks like they are based in US and not Europe and they are more active in US timings bank details which they sent me is of NY
Allergic to bullshitters, never argue with fools
  • #6,745
  • Feb 23, 2022 10:59am Feb 23, 2022 10:59am
Quoting navk
{quote} Great, wish you good luck. And it is exciting to receive first payout. By the way, when did you receive 2 % bonus for phase 1 completion ? Did you send email to them for bonus payout ?
Thank you.

I got an email about the 2% bonus (which I wasn't aware of) but I never sent a payment request. I think it was only $3.
Pride always comes before destruction.... -Proverbs 16:18
  • #6,746
  • Feb 23, 2022 11:40pm Feb 23, 2022 11:40pm
dont buy any challenges at this moment until the things cool down

Inserted Video
Allergic to bullshitters, never argue with fools
  • #6,747
  • Feb 25, 2022 4:34am Feb 25, 2022 4:34am
Quoting navk
By the way, when did you receive 2 % bonus for phase 1 completion ? Did you send email to them for bonus payout ?
I sent the request when I got the funded account credentials (day 1)

Request was processed on day 2, confirmed payment initiation on day 3 and received in Deel on day 4.
  • #6,748
  • Feb 25, 2022 6:28am Feb 25, 2022 6:28am
Quoting Capablanca
{quote} I sent the request when I got the funded account credentials (day 1) Request was processed on day 2, confirmed payment initiation on day 3 and received in Deel on day 4.
Thanks for info.

I have still not sent request.

And how do you know the payment was received in Deel?

Did you open account yourself with Deel ?

Have you withdrawn money from deel to bank ac ?
Intraday only.
  • #6,749
  • Feb 25, 2022 7:40am Feb 25, 2022 7:40am
Quoting navk
{quote} Thanks for info. I have still not sent request. And how do you know the payment was received in Deel? Did you open account yourself with Deel ? Have you withdrawn money from deel to bank ac ?
I had already an account with Deel. I just provided MFF with the email and name. Opening an account with Deel is pretty simple, online in the site, you just need to send ID document if I remember well.

When money is received in Deel they send you an email alerting. You have 30 days to withdraw the money from Deel.

I have already withdraw from Deel to Revolut and Wise, both free. Other options like Paypal and coinbase have costs. For bank wire I'm not sure, probably depends upon the destiny.

BTW, MFF also pays in USDC if you want. You just need to provide your wallet address. I've done that several times without any problem.
  • #6,750
  • Feb 26, 2022 11:06am Feb 26, 2022 11:06am
purchased 25k account with fino and waiting to get the credentials join my thread on this here https://www.forexfactory.com/thread/...3#post13912353
Allergic to bullshitters, never argue with fools
  • #6,751
  • Feb 26, 2022 5:11pm Feb 26, 2022 5:11pm
Quoting Muhammedfx
purchased 25k account with fino and waiting to get the credentials join my thread on this here https://www.forexfactory.com/thread/...3#post13912353
I have also added Fino Trader to the list in Post 1.

I was hoping some trader would give them a go and then report back here.

If they turn out to be legit as far as making payments to successful traders reaching their targets then all good.

However, if it turns out to be a bad Prop Firm I expect a timely update to this thread so all participants of this thread are made aware.

Then I can go about updating Post 1 in an appropriate way.

Masterrmind ..........
Master your Mind then Master your Trades
  • #6,752
  • Feb 26, 2022 8:11pm Feb 26, 2022 8:11pm
Got phase one account details on time. Even on a weekend.

Attaching the account on my thread in few minutes.
Allergic to bullshitters, never argue with fools
  • #6,753
  • Feb 26, 2022 10:54pm Feb 26, 2022 10:54pm
Ditto Trade :: Accelerator Program "The Hub"

I am curious to know if there are any traders here who have taken up the Accelerator Program with Ditto Trade.

From their website I note the following:

Minimum deposit is $5000 (USD I assume ???)

Trading Objectives:
<10% monthly DD (single digit DD);
<30% overall DD;
positive expectancy;and
possibly a Sharp ratio > 1 using a risk free rate of zero.

Performance fee: 20% to the trader.

Ditto Capital Matching (assuming trading rules followed and +ve exp.):
0-2 months @ 1:1
2-4 months @ 5:1
>4 months @ 10:1

Ditto Max Capital Allocation: $500K.

Scenarios traders might like to consider:

What is the total capital allocated per trader after 4 months assuming a $5000 initial investment?

What about if the trader were to start at $10 000, what would be the capital allocated after say a constant 20% gain in equity per each 2 month trading period?

I use 2 month periods here because Ditto uses 0-2 months, 2-4 months and greater than 4 months.

I realize they are new however, their website lacks a comprehensive FAQ section.

Such an FAQ section should show multiple examples.

I have many questions.

Masterrmind ........
Master your Mind then Master your Trades
  • #6,754
  • Feb 27, 2022 12:44am Feb 27, 2022 12:44am
Quoting Masterrmind
Ditto Trade :: Accelerator Program "The Hub" I am curious to know if there are any traders here who have taken up the Accelerator Program with Ditto Trade. From their website I note the following: Minimum deposit is $5000 (USD I assume ???) Trading Objectives: <10% monthly DD (single digit DD); <30% overall DD; positive expectancy;and possibly a Sharp ratio > 1 using a risk free rate of zero. Performance fee: 20% to the trader. Ditto Capital Matching (assuming trading rules followed and +ve exp.): 0-2 months @ 1:1 2-4 months @ 5:1 >4 months @ 10:1...
i am sure you must have realised from their discord that Mike was working on a new proposal, that is considerable better one...
believe if something like that goes thru is the time to consider Ditto. meanwhile the sideline is OK.

Attached Image (click to enlarge)
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happy weekend!
Z
there is always, always another trade!!
  • #6,755
  • Feb 27, 2022 1:17am Feb 27, 2022 1:17am
Quoting profitfarmer
{quote} i am sure you must have realised from their discord that Mike was working on a new proposal, that is considerable better one... believe if something like that goes thru is the time to consider Ditto. meanwhile the sideline is OK. {image} happy weekend! Z
Yes I keep up to date with the Ditto Discord.

My post was more related to addressing the lack of a comprehensive FAQ section.

Whilst the other questions were for this thread in particular how a 5K or 10K start would develop over time at the current rates.

It's to get traders to start considering other options.

I have since raised this issue with Mike.

I am keen to see how his next proposal might pan out.

At this stage and depending on what future proposal is presented I see the Ditto involvement as something I would seriously consider trading in the background.

One concern is to analyze whether it's worth my time or not but at this stage it just might be.

But traders don't like more complexity and that proposal with trade count minimums etc is not really making the process simpler, if anything it is adding more.

Let's wait and see.

Masterrmind ..........
Master your Mind then Master your Trades
  • #6,756
  • Feb 27, 2022 1:46am Feb 27, 2022 1:46am
Quoting Masterrmind
{quote} But traders don't like more complexity and that proposal with trade count minimums etc is not really making the process simpler, if anything it is adding more. Let's wait and see. Masterrmind ..........
i dont like strict time limits ticking down like a bomb, and depending from a few oversized trade to hit a goal. but everyone for their own.

as for the trade counts, really isn't see how it is a legit issue.
20 entries a month?
take your TE for example, 21 days, 27 entries...
but what would stop you to replace 5 lots x1 with for example 0.5 lot x10?
bumm, there you have 270 entries in a month!!
just saying, you wastign your time if concerning yourself too much about parts matter little
there is always, always another trade!!
  • #6,757
  • Feb 27, 2022 2:17am Feb 27, 2022 2:17am
Quoting profitfarmer
{quote} i dont like strict time limits ticking down like a bomb, and depending from a few oversized trade to hit a goal. but everyone for their own. as for the trade counts, really isn't see how it is a legit issue. 20 entries a month? take your TE for example, 21 days, 27 entries... but what would stop you to replace 5 lots x1 with for example 0.5 lot x10? bumm, there you have 270 entries in a month!! just saying, you wastign your time if concerning yourself too much about parts matter little
I guess Ditto will have the final say.

Clearly you need a reasonable sample size to gauge a traders ability.

Nevertheless, quite often in my own trading I will intentionally trade several setups and profit quickly to booster buffer profit.

The buffer profit allows me to take a full or close to full stop hit on a given setup and still keep in tact a reasonable DD watermark.

The idea being to use a few trades that stick well and ride on to glory.

That's why I disagree with minimum trade counts being employed because I know multiple traders that are simply waiting for the right 'high probability setup' that grabs the jam.

Does this mean such a trader with fewer trade counts is any less the trader than one who trades many more entries.

There is much more to it than trade count in determining the quality of a trader.

In any case, if a trader doesn't like the rules then they simply seek out something more to their liking.

Trade count per se does not bother me under the current proposal since I know how many trades I can typically make on a monthly basis based on the trading strategy that I choose to use but it may very well be an issue with low trade count trading styles.

Masterrmind ..........
Master your Mind then Master your Trades
  • #6,758
  • Feb 27, 2022 3:29am Feb 27, 2022 3:29am
Quoting Masterrmind
{quote} I guess Ditto will have the final say. Clearly you need a reasonable sample size to gauge a traders ability. Nevertheless, quite often in my own trading I will intentionally trade several setups and profit quickly to booster buffer profit. The buffer profit allows me to take a full or close to full stop hit on a given setup and still keep in tact a reasonable DD watermark. The idea being to use a few trades that stick well and ride on to glory. That's why I disagree with minimum trade counts being employed because I know multiple traders...
They are on my watch list and I would probably have a go. However I think we need to be patient and hope Ukraine pull through. Reading the background about Ditto, the nuts and bolts is majority Ukrainian?
  • #6,759
  • Feb 27, 2022 4:17am Feb 27, 2022 4:17am
Quoting Fagin
{quote} They are on my watch list and I would probably have a go. However I think we need to be patient and hope Ukraine pull through. Reading the background about Ditto, the nuts and bolts is majority Ukrainian?
Yes patience is key here.

Masterrmind ..........
Master your Mind then Master your Trades
  • #6,760
  • Feb 27, 2022 7:11am Feb 27, 2022 7:11am
Quoting Masterrmind
{quote} I have also added Fino Trader to the list in Post 1. I was hoping some trader would give them a go and then report back here. If they turn out to be legit as far as making payments to successful traders reaching their targets then all good. However, if it turns out to be a bad Prop Firm I expect a timely update to this thread so all participants of this thread are made aware. Then I can go about updating Post 1 in an appropriate way. Masterrmind ..........
They look interesting - one could receive a payment within a week if one guns it but are they legit?

I looked up their address. There is no "Grosvenor Garden" only "Grosvenor Gardens". Post Code SW1W 0AU . It's a Regus rented office complex.

If they can't get their address right on the webpage - it looks dodgy to be honest

BTW, you're looking really good on your 200k challenge - well done
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