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  • #7,181
  • Mar 24, 2022 5:56pm Mar 24, 2022 5:56pm
Quoting Boulder
{quote} Just let you know MFF just emailed me and they have initiated the payout to my Deel wallet for my last week. I am very happy. I guess No more issue on my accelerated account. Thanks MFF!
I got 2 emails from them :
1)
I hope you are doing well.
Thank you for emailing us, you will be receiving a confirmation email within 24 business hours.
If you need any further assistance, please contact us.
Thanks,
Best Regards,
Kane B
My Forex Funds - Billing Team


2)

We hope you are doing well.
Thank you for submitting your payout request for the account number (..........)

We will be analyzing your account and confirming your payout in the next 24-72 hours.

If you need any further assistance, please let us know.Best Regards,
Albert A
My Forex Funds -Billing Team
https://www.myforexfunds.com
Intraday only.
  • #7,182
  • Mar 24, 2022 7:08pm Mar 24, 2022 7:08pm
Quoting Boulder
{quote} Just let you know MFF just emailed me and they have initiated the payout to my Deel wallet for my last week. I am very happy. I guess No more issue on my accelerated account. Thanks MFF!
Thanks for updating.
  • #7,183
  • Mar 24, 2022 8:02pm Mar 24, 2022 8:02pm
MFF customer service can be sloppy and frustrating at times but they do pay out. Dealing with Deel has been easy and going forward the payout process should be smooth.
  • #7,184
  • Mar 25, 2022 3:43am Mar 25, 2022 3:43am
Quoting Boulder
{quote} I am currently dealing with MFF about my payouts. I have one accelerated account. . They are all my manual trades. Only two risk management EAs installed in my account. I traded all my accounts either on two desktops in my home office, or on my iPhone or laptop in bed during nights. I don't know where they get idea that I use signal. I am still waiting for MFF decision on my account. This week payment was delayed even I have already gotten 3 payments from them on this account already. My accelerated account has low balance. Now I am kind...
MFF

They really need to train their support team to a standard that is similar to Yavuz and Josh, otherwise these 2 guys are going to be burnt out trying to keep the peace amongst all the traders with valid issues.

Support Team improvement please MFF.

Masterrmind ..........
Master your Mind then Master your Trades
  • #7,185
  • Mar 25, 2022 5:02am Mar 25, 2022 5:02am
Challenge Update for this week will be posted after trading week close.

Currently underwater by about 2.9%.

Let's see !

Masterrmind ............
Master your Mind then Master your Trades
  • #7,186
  • Mar 25, 2022 5:20am Mar 25, 2022 5:20am
Quoting Masterrmind
Challenge Update for this week will be posted after trading week close. Currently underwater by about 2.9%. Let's see ! Masterrmind ............
i was once 8% under water on a challenge and managed to crawl back above BE point, risk management was crucial, cutting those losers fast and leaving the good setups run. u got more then enough time to not only get to BE point but even pass the challenge imho. patience.
fortune favors the bold! cheers
  • #7,187
  • Mar 25, 2022 6:20am Mar 25, 2022 6:20am
Quoting 1odi
{quote} i was once 8% under water on a challenge and managed to crawl back above BE point, risk management was crucial, cutting those losers fast and leaving the good setups run. u got more then enough time to not only get to BE point but even pass the challenge imho. patience. fortune favors the bold! cheers
Nice post and thankyou for the support.

Yes time is on my side at this stage.

I am trading 10 lot entries now so any major mistake and it's going to be nasty.

At 10 lots on Gold I only need a $6 move on the precious metal to get back to BE.

However, it's the DD endured to get that move that's the concerning factor.

Each buck on the asset against me is another $1000 in DD.

So there are many ways to play this:

a) Make full use of the available daily DD;
b) Drop down in position size, back to 5 lot entries and scalp my way back to BE;
c) Set a max loss for the trading day such as 2% then cease trading for that day;
d) Take a rest and start from Monday.

I'm thinking (a) !!

Let's see,

Masterrmind ..........
Master your Mind then Master your Trades
  • #7,188
  • Mar 25, 2022 7:03am Mar 25, 2022 7:03am
Quoting Masterrmind
{quote} Nice post and thankyou for the support. Yes time is on my side at this stage. I am trading 10 lot entries now so any major mistake and it's going to be nasty. At 10 lots on Gold I only need a $6 move on the precious metal to get back to BE. However, it's the DD endured to get that move that's the concerning factor. Each buck on the asset against me is another $1000 in DD. So there are many ways to play this: a) Make full use of the available daily DD; b) Drop down in position size, back to 5 lot entries and scalp my way back to BE; c) Set...
yeah, pushing the limit on a friday might not be the smartest thing to do, even tho seems like an uneventfull day. i for 1 risk a % of the account or available DD on each and every setup. 2% SL set and forget it would be ok in my book if u was above water, and not on a friday. even the most perfect setups fail, so with that in mind, like u said, time is on ur side, so take ur time and hunt those high probability trades. even with 0.5% risk on trade shouldn t be much of a hassle to get back above water. atleast that s my view. cheers
  • #7,189
  • Mar 25, 2022 7:17am Mar 25, 2022 7:17am
Quoting 1odi
{quote} yeah, pushing the limit on a friday might not be the smartest thing to do, even tho seems like an uneventfull day. i for 1 risk a % of the account or available DD on each and every setup. 2% SL set and forget it would be ok in my book if u was above water, and not on a friday. even the most perfect setups fail, so with that in mind, like u said, time is on ur side, so take ur time and hunt those high probability trades. even with 0.5% risk on trade shouldn t be much of a hassle to get back above water. atleast that s my view. cheers
Yes makes plenty of sense.

Masterrmind ............
Master your Mind then Master your Trades
  • #7,190
  • Mar 25, 2022 8:53am Mar 25, 2022 8:53am
Trueforexfunds (TFF) I have chosen because of
1) payout proofs,
2) best trading conditions with IC Markets as broker and MT5 as platform without having any issues on demo server,
3) superfast and responsive customer support

In my first attempt I passed Phase 1 in 40 hours, see here.

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Now they are evaluating my trades and I am waiting for their answer so that I can start with Phase 2.
  • #7,191
  • Mar 25, 2022 10:36am Mar 25, 2022 10:36am
Quoting TrAndy1
Trueforexfunds (TFF) I have chosen because of 1) payout proofs, 2) best trading conditions with IC Markets as broker and MT5 as platform without having any issues on demo server, 3) superfast and responsive customer support In my first attempt I passed Phase 1 in 40 hours, see here. {image} Now they are evaluating my trades and I am waiting for their answer so that I can start with Phase 2.
I did the same thing and they told me that they didn't like the way I trade. I least I got a refund.!
  • #7,192
  • Mar 25, 2022 11:16am Mar 25, 2022 11:16am
MFF Funded account - 1 update :

First day after first payout day.

The day the funds removed from MT4 account, that is the day they call it payout day
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Intraday only.
  • #7,193
  • Mar 25, 2022 6:04pm Mar 25, 2022 6:04pm
Payout transfered and received in Deel.
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Intraday only.
  • #7,194
  • Mar 26, 2022 12:50am Mar 26, 2022 12:50am
Quoting navk
Payout transfered and received in Deel. {image}
congrats
thanks for sharing
  • #7,195
  • Mar 26, 2022 4:08am Mar 26, 2022 4:08am
Quoting Mtinifx
{quote} I did the same thing and they told me that they didn't like the way I trade. I least I got a refund.!
Really ?! Thanks for sharing. That's not a good thing for a new company who is trying to grow. This is clearly an hidden rule.

I understand when a company does not accept traders that use lagging quotes, fake gaps, latency arbitrage, etc.

But not accepting traders based on "I don't like your trading style" is a big red flag.
If they want or want a certain style of trading they should have additional consistency rules and then people know what they can or can't do. Refusing someone that followed the rules with "I don't like your trading style" is unacceptable.
Can you briefly tell us a bit more about what was it ? It was a single big trade ? It was a lot of small trades during a short period ?

I'm very disappointed with True Forex now. I've been paid a couple of times by them but after reading this I see that one can be blacklisted at any time, without knowing why, even if all the rules were followed.
  • #7,196
  • Mar 26, 2022 5:15am Mar 26, 2022 5:15am
Quoting Mtinifx
{quote} I did the same thing and they told me that they didn't like the way I trade. I least I got a refund.!
Well, nobody likes losing

Looking at the website, they seem very tolerant - spelling sucks, however...

Traders at True Forex Funds are never prevented to succeed in their career. We NEVER regulate your trading style. You may trade at your discretion; and hold your trades as long as you want. All we care about are our loss limits. Our main goal is to contract consistent traders and reward them with our high 80% profit split.

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It takes a lot for me to IGNORE you, but you can try.
  • #7,197
  • Mar 26, 2022 7:25am Mar 26, 2022 7:25am
Quoting Erebus
{quote} Well, nobody likes losing You may trade at your discretion; and hold your trades as long as you want. All we care about are our loss limits. {image}
That's a blatant lie, they(TFF) do not allow scalping and if I am not mistaken that was the reason Mtifnix was rejected an account. Props to them for refunding him at least.

What actually worries me is that, unfortunately I am receiving conflicting feedback from mff as well regarding few seconds trades(even 10!). Connor says you can't, Josh says you can. With all the arbitrage nonsense frenzy, Connor says with few seconds trades you will be suspect for arbitrage.

And if you're somehow absolved from arbitrage, Mff went from banning tick scalping from EAs to ban manual tick scalping also, (is it even possible?) God forbid if you ask what is the difference between tick scalping and scalping, manually.
Regardless the above difference, my understanding is that few seconds trades have great possibility to automatically flag your account, then good luck dealing with mff support. I wouldn't wish it to.. well, to anyone.

I guess that it may have to do with the time needed(with their lagging systems) to copy your trade when and if they do that, thus the trader getting paid more than what the firm can earn per trade, and they are very reluctant to openly ban scalping or set a time rule between open/close as this would seriously hurt business.

I would be very weary with all the recent payout rejection to hop on mff with any scalping strategy and to any "prop" as of now.

I strongly hope they take their project a bit more seriously and on top of proper support they have clear, concise rules and detailed instructions of what is allowed and what is not, and how to avoid the latter.
  • #7,198
  • Edited 12:35pm Mar 26, 2022 8:07am | Edited 12:35pm
Quoting Mtinifx
{quote} I did the same thing and they told me that they didn't like the way I trade. I least I got a refund.!
Mtinifx, what was your minimum and average holding time for your trades ? How many trades last only some seconds ?
What else do you think was the problem they rejected your trading style ?

qazaq: "What actually worries me is that, unfortunately I am receiving conflicting feedback from mff as well regarding few seconds trades(even 10!). Connor says you can't, Josh says you can. With all the arbitrage nonsense frenzy, Connor says with few seconds trades you will be suspect for arbitrage."

It seems to be a more widespread problem among the props. I would guess MFF is not the only prop firm doing this. I have not heard or read that kind of behavior so far for TFF. My shortest duration for a trade was 10 minutes by the way, so I guess, my style is not conflicting at all. But this is good to know for any future trades or any mistakes I make with any order entry.

Also I have to mention that in the Dashboard of Trueforexfunds there is only the entry time on screen with precision to the minute only seen. No any seconds and no measure for the duration of any trade is shown. So how do they know seconds trades then ? Do they all look on MT5 platforms too and do the calculation manually or with an Excel import, or was that kind of excuse because of the trading style just an exception from the beginning of their business when TFF just started ?

I cannot compare between different dashboards from different prop firms, as I only tried TFF so far. But it looks like to me that they all measure and track trades to the minute and not to the second in precision. So I guess any trade that last at least 1 minute cannot be any problem for them. What do you think ? What is shown on your dashboards ?

I have just read TheFundedTraderprogram has hidden rule of 2 minutes holding times for any trade as an example to above. By the way, next week they will start to use Eightcap as broker CEO told in a comment on youtube video. Will check the spreads of Eightcap next days, seems to be very good I read. They have a new Rapid Challenge program with no minimum trading days now. So there is no need to trade full lot size after reaching profit target anymore with that. This was a kind of another hidden rule too. There is a need to publish all the hidden rules from every better prop firm here and those rules do change from time to time too.
  • #7,199
  • Edited 2:06pm Mar 26, 2022 12:54pm | Edited 2:06pm
Here is a brief foolproof list to pass on any prop firm regarding hidden rules, which needs to be completed from other members here too.

-no use of any EA
-no copy trading between accounts
-no tight stoploss
-no stop orders on news at all
-constant lot sizes (not varying too much, say from min. 1:3 to max. 1:5)
-minimum holding of any trade of at least 1 or 2 minutes
-care about max lot sizes on some instruments in addition to max leverage
-no martingale
-no opposite position on same symbol on different accounts (not even for 1 second/minute, esp. important when making use of different EAs)
-minimum trading days on a funded account (even when there is no minimum on evaluation + with the need to open an order on every new day (important
regarding swing trades)
-timely notification regarding the payout (maybe with some proofs as screenshots etc.)
-to prevent any account and payout suspension no complaining allowed regarding server freezes, spread spikes and high varying rollover spreads
-understand the max daily loss rule interpretation (which can vary a lot, it can be based on equity, balance or both or somewhat different too)
-.....
-.....(to be added here)
-?

Winner should be FTMO with the most relaxing rules among all prop firms.
  • #7,200
  • Mar 26, 2022 4:32pm Mar 26, 2022 4:32pm
rule that Lux uses: one asset class only to be traded. For example: US indices, forex or commodities... choose one.

can't mix US indices with other US indices or foreign indices that require different lot sizes to induce consistent risk...
for example on their broker Nasdaq at 0.1 lots and JPY225 at 10 lots might carry equivalent account risk, but not allowed because the lots difference is too much.
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