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  • #7,421
  • Apr 7, 2022 10:27am Apr 7, 2022 10:27am
Quoting Capablanca
{quote} That's the biggest challenge because a business model based on subscriptions fees to pay profits can be ruined by a couple of successful traders. Algorithms that separate the lucky trader from the winning trader is paramount in this business. Small and incumbent props have a more difficult life . They have much less data to work on and outliers can be a problem. FTMO or MFF are now sitting in a huge pile of data which makes their life easier.
Anyway is a good opportunity for traders. You can get big profits using big accounts only risking 500 or 1000 euros. You can lose more in one day in your private account.

As usual, every opportunity have pros and cons
Try don't lose pants never...
  • #7,422
  • Apr 7, 2022 10:29am Apr 7, 2022 10:29am
Quoting Capablanca
{quote} I'm sure you know that FTMO has a swing account allowing trading news. You can't get around with just 1:30 leverage ? This is honest question, I'm usually only around 1:5, sometimes more (but not much more), sometimes less. That depends very much on the trading style, of course.
I can but I can't make enough to keep me interested to be honest. Sometimes I peak just over 50 if I'm positioned but timed wrong so leverage is something I don't want to worry about and if you are trading pro it shouldn't be a hindrance because it's a retail hurdle (thanks ESMA..)

DD should be your only worry in my humble opinion with FTMO, be nice if they re-assessed this. Just block trades opening 2 mins before news if they want but don't violate an account if a trade closes that was already running prior and closes during..
  • #7,423
  • Apr 7, 2022 7:58pm Apr 7, 2022 7:58pm
Tentoptraders just went on line at 1/2 price.
I've been trading with them on their free program. Passed the trial & almost completed the evaluation.
No bells n whistles with this lot. Talking to Sam ceo. He told me they are trying to fly under the radar to avoid being swamped after the response to their free program.Very open & accommodating. Looking forward to see how they go.

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Look Left Trade Right
  • #7,424
  • Edited Apr 8, 2022 1:10am Apr 7, 2022 9:43pm | Edited Apr 8, 2022 1:10am
Quoting Capablanca
{quote} Difficult to say because there aren't audited stats but relying on MFF February stats it seems 31% pass phase 1 and 14% second phase. In December phase 1 was aprox the same but phase 2 was 18%. So, if this is true only about 4.5% to 5.5% get to funded. Then only 4% of new funded get to a profit split in the first month. Why does phase 2 has a lower pass rate ? Target is more than 2x the stop loss and there's more time...
If I had to guess, I would say those that just got lucky eventually run out of luck with more time and more trades.

I risk 1.6% per trade in Phase 1. My historical max losing streak would most definitely blow the evaluation, but I'm willing to take that chance since it significantly increases my odds of passing phase 1. In phase 2, I drop down to 1.1% so my max losing streak would now be <12% drawdown. Once live, I drop down even more to .7% risk... basically, there would have to be a black swan event for me to lose a live account.

I think most simply jump in without a battle plan for success.
  • #7,425
  • Apr 8, 2022 1:25am Apr 8, 2022 1:25am
Quoting Fagin
{quote} No it is not easy and they are designed to make you fail even if you have a decent strategy and are professional. Some days you just have bad runs, nothing you can do about it. If you get a dull string of trades you lose. IF you can afford to lose the cost of a challenge and have a very solid method/routine to trade with the account and keep it forever after you have passed then it's worth it. If not don't waste your money and believe in the hype... passing these challenges is just the start. It's a grind.
Excellent post Fagin.

This is exactly how it is.

Masterrmind ...........
Master your Mind then Master your Trades
  • #7,426
  • Apr 8, 2022 1:56am Apr 8, 2022 1:56am
Hello traders!
Is anyone aware of prop firms, which have a trial mode? I could do paper trading or trial with any broker of course, but it would be better to do that with a prop firm directly to get familiarized with their requirements in quasi-real mode so to say.
I haven't found such options with MFF, FTMO.
Thank you in advance.
  • #7,427
  • Apr 8, 2022 2:02am Apr 8, 2022 2:02am
Quoting oohoo
Hello traders! Is anyone aware of prop firms, which have a trial mode? I could do paper trading or trial with any broker of course, but it would be better to do that with a prop firm directly to get familiarized with their requirements in quasi-real mode so to say. I haven't found such options with MFF, FTMO. Thank you in advance.
I think ftmo offers free trial saw in their home page, I'll check again and share links if still there.
  • #7,428
  • Apr 8, 2022 2:02am Apr 8, 2022 2:02am
Another question if you will,
from your experience, what type of assets do you think 'trend more nicely'? I try to develop a way to trade pullbacks going with the trend (on TFs below Daily).
I understand this may be a very imprecise question, but still.
Thank you.
  • #7,429
  • Apr 8, 2022 2:04am Apr 8, 2022 2:04am
Quoting inversio
{quote} I think ftmo offers free trial saw in their home page, I'll check again and share links if still there.
Right, I've mistaken them for someone.
https://ftmo.com/en/updated-free-trial-accounts/
  • #7,430
  • Apr 8, 2022 2:57am Apr 8, 2022 2:57am
Quoting Basill
Tentoptraders just went on line at 1/2 price. I've been trading with them on their free program. Passed the trial & almost completed the evaluation. No bells n whistles with this lot. Talking to Sam ceo. He told me they are trying to fly under the radar to avoid being swamped after the response to their free program.Very open & accommodating. Looking forward to see how they go. {image}
I have not heard of any payouts from them so far. But their free offer before looked them like professionals with a serious attitude. The actual offer with 33 times the DD of the evaluation cost is super good if not the best on the market right now. I asked them what broker they use. On their free pass they used MEX and 8cap, so the spreads were not among the best ones. But they need to be watched closer in the next time in my opinion.
  • #7,431
  • Apr 8, 2022 5:08am Apr 8, 2022 5:08am
Quoting Basill
Tentoptraders just went on line at 1/2 price. I've been trading with them on their free program. Passed the trial & almost completed the evaluation. No bells n whistles with this lot. Talking to Sam ceo. He told me they are trying to fly under the radar to avoid being swamped after the response to their free program.Very open & accommodating. Looking forward to see how they go. {image}
Tentoptraders uses static (or relative) drawdown, this is a definite no for me. I failed a Lux eval last year with relative drawdown eventhough my account never went below the initial balance, never again will I go with a firm that uses it. Static drawdown follows your high watermark. I will only do evals with absolute drawdown from initial balance, big difference.
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  • #7,432
  • Apr 8, 2022 5:19am Apr 8, 2022 5:19am
Quoting MoxFulder
{quote} Tentoptraders uses static (or relative) drawdown, this is a definite no for me. I failed a Lux eval last year with relative drawdown eventhough my account never went below the initial balance, never again will I go with a firm that uses it. Static drawdown follows your high watermark. I will only do evals with absolute drawdown from initial balance, big difference. {image}
@Tentoptraders.com

"Maximum 8% Static Loss allowance.
The Max Loss is the maximum that the starting account balance is allowed to drop to."

That is said clearly, that it is fixed drawdown and not relative or trailing DD. It would be also totally new to the previous free trials and evaluations they offered, it is still the max loss that the starting account balance is allowed to drop to.
  • #7,433
  • Apr 8, 2022 5:25am Apr 8, 2022 5:25am
Quoting MoxFulder
{quote} Tentoptraders uses static (or relative) drawdown, this is a definite no for me. I failed a Lux eval last year with relative drawdown eventhough my account never went below the initial balance, never again will I go with a firm that uses it. Static drawdown follows your high watermark. I will only do evals with absolute drawdown from initial balance, big difference. {image}
WRONG. Static Is from Initial balance
Look Left Trade Right
  • #7,434
  • Apr 8, 2022 6:57am Apr 8, 2022 6:57am
On track. Smooth sailing.
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Trading is SIMPLE not EASY.
  • #7,435
  • Apr 8, 2022 7:07am Apr 8, 2022 7:07am
Just bought the 100k evaluation from TenTopTraders (TTT) 5 min ago. Will let you know if there are any problems. So far I did not get any emails from them.
  • #7,436
  • Apr 8, 2022 7:28am Apr 8, 2022 7:28am
Can someone please explain me this cause I must be missing something. When you look at the 50k evaluation at TTT it indicates $170,
but once you choose that option when you go to pay it indicates $490?
Can someone that has signed up clarify this for us

Thanks
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Those who don't believe in magic will never find it
  • #7,437
  • Apr 8, 2022 7:30am Apr 8, 2022 7:30am
Is this the same people?

https://forex.crypto.scams.reviews.r...ptentrader.com
  • #7,438
  • Apr 8, 2022 7:31am Apr 8, 2022 7:31am
Quoting PayTheBid
Can someone please explain me this cause I must be missing something. When you look at the 50k evaluation at TTT it indicates $170, but once you choose that option when you go to pay it indicates $490? Can someone that has signed up clear this for us Thanks {image} {image}
I can only say that for the 100k option I got the correct registration fee of $240. Just try this, they might be very new with this offer. Maybe that is why they are offering this cheap introducing offer. Paypal did not work, I could not login, but then I tried payment via credit card and it did work. So far not any emails from them.
  • #7,439
  • Apr 8, 2022 7:34am Apr 8, 2022 7:34am
[quote=Bizziebee;13962336]Is this the same people?
It cannot be. They do not do this. So far I made professional experience with them. And they offered evaluations with no fees prior so they must copy trades from funded accounts to get some income. So they must be legit.
  • #7,440
  • Apr 8, 2022 7:37am Apr 8, 2022 7:37am
Quoting PayTheBid
Can someone please explain me this cause I must be missing something. When you look at the 50k evaluation at TTT it indicates $170, but once you choose that option when you go to pay it indicates $490? Can someone that has signed up clear this for us Thanks {image} {image}
It's curious they give you bonus for low DD. I guess how scary can to be their traders...
Try don't lose pants never...
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