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  • #6,901
  • Mar 10, 2022 2:14pm Mar 10, 2022 2:14pm
Quoting CableJ
MFF posted their Feb stats.... MyForexFunds February Statistics Are Here! | My Forex Funds 4% of those who took the evaluation were able to pass both phases 6 of their long term traders (8 or more payouts) lost their accounts in Feb. Back in Dec they stated there were only 5 long term traders @ the time, so a significantly high % got wiped out in Feb.
Because of news driven market. Many have fallen because most patterns fail, trends change wildly often, high volatility, irregular chart shapes... Market enviroment changed in Feb.
  • #6,902
  • Mar 10, 2022 2:17pm Mar 10, 2022 2:17pm
Quoting jinsen
For the ftmo challenge....can trade crypto during weekends? Do you guys all opt for the swing account
It depends on your system. 30:1 might not be enough for smaller stop or multiple simultaneous open trade systems. personally, I need more than 30:1 in phase 1 for my smallest sl position size @ higher risk, but in phase 2 and live @ lower risk 30:1 is more than enough.
  • #6,903
  • Mar 10, 2022 10:01pm Mar 10, 2022 10:01pm
Quoting navk
{quote} Aggressive scalping may be needed to complete challenge in my opinion.
That's one way to do it provided a high win rate is maintained.

Ofcourse there are other ways for example, in my case instead of trading constant 5 lots as I did a phased in lot size increase might do the trick.

Such as:

Week 1: 5 lots per trade (if profitable increase volume else drop to 3 lots)
Week 2: 7 lots per trade
Week 3 and Week 4: 9 lots per trade.

Or based on profitable trade count look to bump up the trading volume a bit.

My approach has been to use say leverage of 2.5:1 per entry and look to generate some buffer profit.

Once I have sufficient buffer profit then I can wait for a 'great setup' and allow a generous SL say across at least 2 entries and try to catch that 40pip to 60 pip move using same lot size.

All the while I'm trying to keep chipping away towards the target.

There are many ways to do it !

Masterrmind ...........
Master your Mind then Master your Trades
  • #6,904
  • Edited 3:37am Mar 11, 2022 2:53am | Edited 3:37am
Can anyone confirm if they have had any contact wth [email protected] recently?
I am still chasing my overdue payment and now they are saying billing haven't received any of my emails and strangely are not emailing me directly, it's all through support (who are getting my emails).
Also on discord but i just either get spoofed by some random or waste my time trying to catch support online, who then just say the same thing. Think I am losing the plot!

I am just glad I'm not owed thousands....
  • #6,905
  • Mar 11, 2022 3:36am Mar 11, 2022 3:36am
Quoting Fagin
Can anyone confirm if they have had any contact wth [email protected] recently? I am still chasing my overdue payment and now they are saying billing haven't received any of my emails and stragely are not emailing me directly, it's all through support (who are getting my emails). Also on discord but i just either get spoofed by some random or waste my time trying to catch support online, who then just say the same thing. Think I am losing the plot! I am just glad I'm not owed thousands....
Not exactly a contact with billing but I got a payment this Wednesday in one of those accounts coming from the old system that have different payout dates in old system and new system.

I had a ticket opened asking if they had any solution to definitely solve the issue. They have not replied to that but, surprisingly, they paid this week, in the right date, to the crypto address used before (I have not requested payout because I though it was on Thursday and not Wednesday).

This was a nice surprise, of course, but we stay in the same position: MFF seems a complete mess in customer service right now. I don't believe they're facing difficult. I truly believe this is just incompetence to properly run a decent customer service. Good luck and keep us posting, please.
  • #6,906
  • Mar 11, 2022 3:42am Mar 11, 2022 3:42am
Quoting Capablanca
{quote} Not exactly a contact with billing but I got a payment this Wednesday in one of those accounts coming from the old system that have different payout dates in old system and new system. I had a ticket opened asking if they had any solution to definitely solve the issue. They have not replied to that but, surprisingly, they paid this week, in the right date, to the crypto address used before (I have not requested payout because I though it was on Thursday and not Wednesday). This was a nice surprise, of course, but we stay in the same position:...
Thanks for the update, I'm glad you got sorted.

To deny they haven't had emails when they clearly have is a concern...
  • #6,907
  • Mar 11, 2022 4:02am Mar 11, 2022 4:02am
Quoting Fagin
Can anyone confirm if they have had any contact wth [email protected] ("[email protected]") recently? I am still chasing my overdue payment and now they are saying billing haven't received any of my emails and strangely are not emailing me directly, it's all through support (who are getting my emails). Also on discord but i just either get spoofed by some random or waste my time trying to catch support online, who then just say the same thing. Think I am losing the plot! I am just glad I'm not owed thousands....
Yes, the replies were pretty fast. Indeed, I was the one who delayed in opening deel account. I preferred the direct bank transfer from MFF as it will deposit USD to my foreign currency account, in all of my live accounts. But Deel and Wise do not allow me to set it to USD for withdrawal.
  • #6,908
  • Mar 11, 2022 4:04am Mar 11, 2022 4:04am
Quoting mixedbags
{quote} Yes, the replies were pretty fast. Indeed, I was the one who delayed in opening deel account. I preferred the direct bank transfer from MFF as it will deposit USD to my foreign currency account, in all of my live accounts. But Deel and Wise do not allow me to set it to USD for withdrawal.
Thanks for confirming, I think I'm just stuck in an MFF loop of "can't deal with it so delete.... someone elses problem tomorrow...?""
  • #6,909
  • Mar 11, 2022 4:23am Mar 11, 2022 4:23am
Quoting fxbarwise
{quote} It was hit indeed sir, but I think the big drop is imminent.
Yes a big drop after tagging the 1.11 handle.

Nice work.

Masterrmind ............
Master your Mind then Master your Trades
  • #6,910
  • Mar 11, 2022 4:35am Mar 11, 2022 4:35am
I think they must have a lot of work,having 40000 traders as they claim on their portal. At 4% pass rate,there must have been millions who have tried and failed?
  • #6,911
  • Mar 11, 2022 5:14am Mar 11, 2022 5:14am
Quoting Triglav
I think they must have a lot of work,having 40000 traders as they claim on their portal. At 4% pass rate,there must have been millions who have tried and failed?
yes much better model than brokers or traders
Allergic to bullshitters, never argue with fools
  • #6,912
  • Mar 11, 2022 5:55am Mar 11, 2022 5:55am
Quoting Muhammedfx
{quote} yes much better model than brokers or traders

Ha ha yes. For them it's win win
  • #6,913
  • Mar 11, 2022 11:06am Mar 11, 2022 11:06am
This is funny.
First, make the pressure of achieving 10% in 20 working days, and then moralize about overtrading

(I know, I know. There's nobody staying and aiming the gun pushing to buy a challenge)
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  • #6,914
  • Mar 11, 2022 1:24pm Mar 11, 2022 1:24pm
Quoting mcquak
This is funny. First, make the pressure of achieving 10% in 20 working days, and then moralize about overtrading (I know, I know. There's nobody staying and aiming the gun pushing to buy a challenge) {image}
Ha! Very true
  • #6,915
  • Mar 11, 2022 3:30pm Mar 11, 2022 3:30pm
Quoting mcquak
This is funny. First, make the pressure of achieving 10% in 20 working days, and then moralize about overtrading (I know, I know. There's nobody staying and aiming the gun pushing to buy a challenge) {image}
Thats the definition of irony right there

Fire that post into the FTMO thread mate....and see what Vitek says....im sure he will reply....as its obviously an important topic for them.
  • #6,916
  • Mar 11, 2022 8:51pm Mar 11, 2022 8:51pm
Quoting Masterrmind
Last day of challenge I believe. {image}A few options here. Critically important is: a) not dropping below initial balance; b) not breaking the 5% Daily DD trading objective;and c) less important is the overall DD limit here since Daily DD would get tagged first in this situation. I can attempt to hit 12K profit level before day end to secure a 4 week extension. 16K appears far distant at this stage however I'm looking to set a uniform price target on a managed cluster of entries on EU and perhaps another symbol. Highest equity level reached was...
Free Reset Button appeared on Day 31.
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I plan to press that button on Monday and attach a TE.

Let's hope it's an entertaining journey for those following along.

Masterrmind ........
Master your Mind then Master your Trades
  • #6,917
  • Mar 11, 2022 10:23pm Mar 11, 2022 10:23pm
Quoting Masterrmind
{quote} Free Reset Button appeared on Day 31. {image}I plan to press that button on Monday and attach a TE. Let's hope it's an entertaining journey for those following along. Masterrmind ........
So you can reset challenge for free ? How is that ?
  • #6,918
  • Mar 11, 2022 10:30pm Mar 11, 2022 10:30pm
Quoting HengkiTjen
{quote} So you can reset challenge for free ? How is that ?
My Forex Funds.

If you don't break any trading rules and finish in some profit the firm will give you infinite free retakes.

Aim this time is to get a minimum of 6% for a one time extension if I don't manage to tag the target of 8%.

Masterrmind .........
Master your Mind then Master your Trades
  • #6,919
  • Mar 12, 2022 12:27am Mar 12, 2022 12:27am
Quoting inversio
{quote} really wan to know the secret of this. high % target with lower time frame and vise versa. there must be something otherwise some prop firm would offer that.
I think I ask them why 10% at 30day to be rushing and then 5% at 60 day cruising. It was many years ago. I think they reply that they want see the trader if they can handle the pressure, discipline and etc. There is always reason to justified and so I leave as it is. It's still their house rules. Taking or leave it
  • #6,920
  • Mar 12, 2022 12:46am Mar 12, 2022 12:46am
Quoting doji
I meant to write a detailed account of my FinoTrade misadventure but decided against it because I'm still a bit upset. Long story short: Signed up for the 10k Evaluation account last week (the 22nd of Feb) and reached the profit-target (thus passing Phase 1 on Day 2) despite the frustration and stress of trading on a dysfunctional MT4 platform provided by IC Markets. However, for some reason, the metrics on my account dashboard stopped updating on the 23rd. I've logged on several times only to find my trading stats unchanged (I have a copy of the...

I asked FinoTrade why they treated you this way but unfortunately, they have evaded the subject.

Here is the question:

hi. A trader on an fx forum who opened an account with you, apparently reached the target in less than 10 days without violating the terms. His/her account was subsequently disabled and their emails to you unanswered. Why is that?

I copied and pasted your post for them so they understand the context. I also commented on the broker:

I agree with IC Market's platform being horrible. I traded with them for about a year. The worst broker ever.

And to reply, this is all they wrote back:

Hi,

Thanks for reaching out.

We have already talked with IC Markets and they move accounts to Raw Spread which has advantage of low spread almost 0 and faster execution time.

Best Regards,



I wrote back to them that they had ignored my main question and so far I haven't received a response. If they respond, I will post it.
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