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  • #7,321
  • Apr 4, 2022 4:17pm Apr 4, 2022 4:17pm
My new evaluation.
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Intraday only.
  • #7,322
  • Apr 4, 2022 4:20pm Apr 4, 2022 4:20pm
Unfortunately, I can not trade on wednesday and Thursday as I have very important work to do.

Friday I can trade.

Next week, Monday to Wednesday, I can not trade.

Intraday only.
  • #7,323
  • Apr 4, 2022 7:53pm Apr 4, 2022 7:53pm
Quoting navk
My new evaluation. {image}
So now you have 2 live accounts and a new Evaluation challenge.
  • #7,324
  • Apr 4, 2022 11:34pm Apr 4, 2022 11:34pm
Quoting mixedbags
{quote} So now you have 2 live accounts and a new Evaluation challenge.
I doubt it. He blew the other accounts and he's starting again more likely
  • #7,325
  • Apr 5, 2022 2:25am Apr 5, 2022 2:25am
Finotrader had my hopes high, turns out to be a scam.
TFF are nice without any scam restrictions. But, couldn't reach 8% in 22 trading days.
Want to be in Ftmo but if I can't reach 8% then 10% seems unrealistic.
All "no time limit" have something weird going on in their rules.
Stoploss, consistency, some more weird rules like unrealistic trailing stoploss on 4% and 5%.

If someone has a shirt on doesn't have pants, vice versa.

My trading style is position building, no fixed stoploss, hedging.
Any prop company suggestions for my trading style?

You can also share your research here.
  • #7,326
  • Apr 5, 2022 2:53am Apr 5, 2022 2:53am
Quoting Mtinifx
Got an email from a crowd called "forexpropfirm.com" Offering a free $5k funded account if you open an account with Eightcap with a $500 deposit and you get $250 bonus funds (I think) Not quite sure about them but I suppose if you're funding your own account you've got nothing to lose? {image}
Have you entered into this offer Mtinifx ?

Keen to know how the process was !

Any updates ?

I've clicked the link and opened an MT4 account with 8Cap but am yet to make a deposit.

Wanted to know how you or other traders went through the process before I commit coin to it.

Masterrmind .............
Master your Mind then Master your Trades
  • #7,327
  • Apr 5, 2022 4:15am Apr 5, 2022 4:15am
Quoting Masterrmind
{quote} Have you entered into this offer Mtinifx ? Keen to know how the process was ! Any updates ? I've clicked the link and opened an MT4 account with 8Cap but am yet to make a deposit. Wanted to know how you or other traders went through the process before I commit coin to it. Masterrmind .............
Hi bud

No I haven't got the spare funds I'm afraid. I doubt if I would go for it unless I had plenty of spare funds to play around with
  • #7,328
  • Apr 5, 2022 4:27am Apr 5, 2022 4:27am
Quoting Mtinifx
{quote} Hi bud No I haven't got the spare funds I'm afraid. I doubt if I would go for it unless I had plenty of spare funds to play around with
No worries.

I'll ask their support team a few more questions.

Masterrmind ............
Master your Mind then Master your Trades
  • #7,329
  • Apr 5, 2022 4:42am Apr 5, 2022 4:42am
Quoting Mtinifx
{quote} Hi bud No I haven't got the spare funds I'm afraid. I doubt if I would go for it unless I had plenty of spare funds to play around with
One of my main concerns was which countries do they not accept.

I can't find any list about unaccepted countries on their site.

Being Australian the bonus they offer is likely to be a reason for rejection in which case I would simply move on.

Masterrmind ..........
Master your Mind then Master your Trades
  • #7,330
  • Apr 5, 2022 5:49am Apr 5, 2022 5:49am
Quoting Mtinifx
I doubt it. He blew the other accounts and he's starting again more likely
-Don't be like that.
  • #7,331
  • Apr 5, 2022 6:21am Apr 5, 2022 6:21am
Quoting Slowrader
Finotrader had my hopes high, turns out to be a scam. TFF are nice without any scam restrictions. But, couldn't reach 8% in 22 trading days. Want to be in Ftmo but if I can't reach 8% then 10% seems unrealistic. All "no time limit" have something weird going on in their rules. Stoploss, consistency, some more weird rules like unrealistic trailing stoploss on 4% and 5%. If someone has a shirt on doesn't have pants, vice versa. My trading style is position building, no fixed stoploss, hedging. Any prop company suggestions for my trading style? You...
The only better prop firm without any time limit on profit goals I know is Lux trading firm. Otherwise you need to be lucky to reach the profit goal like on FTMO or TFF. Or you need to adapt your strategy to shorter time frames like daytrading to have a better chance to get consistency from more trades. I do not see better options. You can also try tentoptraders.com, they are free of any cost, so there is no risk for you, just your trading time. But the spreads are not the best ones here.
  • #7,332
  • Apr 5, 2022 7:30am Apr 5, 2022 7:30am
[quote=TrAndy1;13957898]{quote}

You are right we need good luck to pass these challenges 8-10% targets. I already day trade on shorter time frames so far no luck.
I checked Lux trading firm they have a SL rule. I apply my SLs after I have placed all of risks or I just manually close all positions.
Tentoptraders have stopped taking new accounts. I feel Mentfx is better than Lux trading firm, I hope @Masterrmind adds Mentfx funding on the list as most traders research through this list.

So far this is the highest I could reach.
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  • #7,333
  • Apr 5, 2022 1:39pm Apr 5, 2022 1:39pm
[quote=Slowrader;13958040]
Quoting TrAndy1
{quote} You are right we need good luck to pass these challenges 8-10% targets. I already day trade on shorter time frames so far no luck. I checked Lux trading firm they have a SL rule. I apply my SLs after I have placed all of risks or I just manually close all positions. Tentoptraders have stopped taking new accounts. I feel Mentfx is better than Lux trading firm, I hope @Masterrmind adds Mentfx funding on the list as most traders research through this list. So far this is the highest I could reach. {image}

Are u kidding me??

1:10 leverage with 5%max drawdown.... charging $1500 for $200k acct..... first target is 10%

For what??

Is like they held a meeting and was like ....

" How can we ruin traders life using the prop firm business model"
  • #7,334
  • Apr 5, 2022 3:14pm Apr 5, 2022 3:14pm
Quoting Slowrader
{quote} Are u kidding me?? 1:10 leverage with 5%max drawdown.... charging $1500 for $200k acct..... first target is 10% For what?? Is like they held a meeting and was like .... " How can we ruin traders life using the prop firm business model"

In general that is the business I guess. For example for 100k account you are allowed to loose max 10%. And your goal is in one month 10% of the account. So that is 100% increase in one month. Can be achieved but it can also easily go to loss side.
  • #7,335
  • Apr 5, 2022 10:12pm Apr 5, 2022 10:12pm
[quote=Immortal99;13958490]
Quoting Slowrader
{quote} "
It is difficult, the reason I did not get the funding from mentfx. But at least they are willing to take away weird rules for a small fee.
Sticking to evaluation model for now.

Just bought another TFF 10k challenge wish me luck, will keep you updated.
  • #7,336
  • Apr 5, 2022 10:15pm Apr 5, 2022 10:15pm
Apologizes if it’s the wrong thing to post it here,
Hello traders,
I believe you all know that risk and money management along with psychology are the keys to success in trading. No matter how strong one’s strategy is without these 3 criteria they will always face losses in the long run.
I have created an EA to control our human behaviors. This EA will force us to be discipline exactly the way you will set. For examples,
1. If you set the maximum trades in a day= 3. You won’t be able to take any more trades in that day if you have already taken 3 entries,
2. If you set the maximum lot size for a particular instrument like GBPUSD=0.5 lot, you won’t be able to trade with bigger lot than 0.5, (You can set the maximum lot for every single pair/instrument independently since not all forex pair/indices/equities/shares don’t have same pip value),
3. You can set the maximum loss in a day based on account percentage and if it hits the maximum loss in that day, it will close all positions and won’t allow you opening anymore trade on that day.
4. You can set a maximum profit target for a single instrument and it will close that trade once that single trade hits the profit target, it won’t interfere any other opened trades.
The EA is great (almost all prop firm accepts it) but if you can’t control your behaviors chances are you won’t be able to control the EA and change the parameter frequently (Psychological issue) which will defeat the purposes of the EA. So, I am keeping the control of the EA in my VPS for you so that even if you want to change the parameter you won’t be able to do so.
Once you set the parameters and put the EA on my VPS, there will be locked-in period of 15 days, withing this 15 days even if you tell me to change the parameter, I won’t change it. You can change it only 15 days later.
I believe if one can control these 4 things below, they can be profitable with almost every strategy:
1. Over lot,
2. Over trading,
3. Letting losses run,
4. Not taking profit even after enough RR.
My EA will ensure that you won’t be able to do any of the those above and I can guarantee you that you will make money in the long run when you are not risking too much in a single trade, not over trading and not letting the losses run for long.
I am using MetaTrader VPS which is the highest in quality with-
1. 24/7 days run time,
2. Analysis delays: less than 1 milliseconds.
3. Ping to broker: less than 5 milliseconds.
It costs me 15$ per month for VPS+ EA cost + Maintenance cost as it takes several hours extensive and prudent work every day.
If you are interested, please subscribe my thread dedicated to this EA: https://www.forexfactory.com/thread/post/13958759
You can have my service for only 20$ per month. (If anyone has any money issue, I will consider that. Some of my clients are using my service for free who are in short of money).
Thanks, happy trading.
  • #7,337
  • Apr 5, 2022 11:22pm Apr 5, 2022 11:22pm
Good thread Masterrmind. As its usual by you. Soon i will add my own experience with prop firms too. Cheers
Try don't lose pants never...
  • #7,338
  • Apr 6, 2022 12:52am Apr 6, 2022 12:52am
Quoting Nsak3y
{quote}-Don't be like that.
Be like what? Brutally honest? It's the usual story mate - in 95% of the cases anyway!
  • #7,339
  • Apr 6, 2022 1:30am Apr 6, 2022 1:30am
Quoting Mtinifx
{quote} Be like what? Brutally honest? It's the usual story mate - in 95% of the cases anyway!
I agree with you Mtinifx.
Navk is an amateur, he is not a real trader.
If you look at any of his 13.000(!) posts, you understand that he is naive, he asks questions like an 8 year old child.
Navk has lost and will lose many live accounts.
  • #7,340
  • Apr 6, 2022 1:55am Apr 6, 2022 1:55am
Quoting franz
{quote} I agree with you Mtinifx. Navk is an amateur, he is not a real trader. If you look at any of his 13.000(!) posts, you understand that he is naive, he asks questions like an 8 year old child. Navk has lost and will lose many live accounts.
He has a 100K live account and recently withdraw 5K from that, pretty good for a 'fake' trader according to your definition. Most traders don't even reach the 1st profit split.
Nothing wrong at all with losing live accounts so long as you earn enough profits from them to fund new evaluations or keep on the side for personal accounts.
Your worst drawdown is yet to come
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