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  • #7,561
  • Apr 17, 2022 6:53am Apr 17, 2022 6:53am
For ditto.. ..as one go level to level up. It depends on minimum deposit. I think the highest is minimum 5 k deposit.
Alot of it's website is not ready yet due to Ukraine Russia.
But customer service is still good at the moment
  • #7,562
  • Apr 17, 2022 8:06am Apr 17, 2022 8:06am
Quoting Aussi
{quote} interesting mate if a bigger gap it will be very rewarding i would think on one of my earlier post i do elude to it , in the interest of making money say gold , euro .and gbp if a big gap and it stays all day are they saying you cant trade them with the account
You can trade a gap with MFF or FTMO. It was gap arbitrage which MFF caught a bunch of folks using a couple of months back. Arbitrage trading is banned at every prop firm and every broker. Simply seeing a gap on a Sunday evening and placing a trade with the speculation the instrument is going to close the gap is absolutely within the rules.
  • #7,563
  • Apr 17, 2022 9:12am Apr 17, 2022 9:12am
Anyone heard of alphacapitalgroup?

Offering challenges but maybe scam
  • #7,564
  • Apr 17, 2022 11:21am Apr 17, 2022 11:21am
Quoting pipmaster77
{quote} You can trade a gap with MFF or FTMO. It was gap arbitrage which MFF caught a bunch of folks using a couple of months back. Arbitrage trading is banned at every prop firm and every broker. Simply seeing a gap on a Sunday evening and placing a trade with the speculation the instrument is going to close the gap is absolutely within the rules.
From mff rules. If trade in small lots. I think it is still ok.
However, if the lots get bigger. They may zoom in.
I don't get why all these rules. I thought as long we profit ..the house also profit.
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  • #7,565
  • Apr 17, 2022 6:26pm Apr 17, 2022 6:26pm
Quoting Aussi
{quote} interesting mate if a bigger gap it will be very rewarding i would think on one of my earlier post i do elude to it , in the interest of making money say gold , euro .and gbp if a big gap and it stays all day are they saying you cant trade them with the account
Yes I'd just be careful.

In their rules they mention Gap trading practices.

However, the key here is trading the MT4 inefficiencies in a gapping situation.

Most of these issues are based around price and in particular getting a far better price than what normal market conditions would allow.

I doubt there is anything they could pick on if you opened your trade just inside market trading hours and traded in a given direction in the hope of closing the gap.

Support might help here but they will probably just refer you to generic rules on their website unless you strike it lucky and get one of the more helpful support agents.

Masterrmind ..........
Master your Mind then Master your Trades
  • #7,566
  • Apr 17, 2022 8:05pm Apr 17, 2022 8:05pm
Quoting mayr
{quote} The5ers have an ftmo/mff-style 100k bootcamp. It's 18% vs 15%/13% before it's live but you can scale it up to 4M and you can have 3 accounts. With their 1:10 leverage it's 120M buying power vs 200M on FTMO (1:100 leverage). So it's still a good third choice.
Actually, not even close to MFF or FTMO. They ask for 6% with 5% DD, which is 120% THREE TIMES, where MFF is 8% with 12% DD 67% and then 5% with 12% DD which is 41%. FTMO asks for 100% and then 50%. So 5%ers 360%, MFF 108%, FTMO 150%. Once complete MFF provides 12% DD, FTMO 10% and 5%ers 4%. Profit split is MFF 75-80%-85% months 1,2,3 +, FTMO is 80% and 5%ers is 50% until you get into the higher levels. The simple formula to really see what you're getting at the end is DD times profit split. So on a 100K, at 5%ers is actually 2K after passing, FTMO is 8K after passing, MFF is 9K-9600-10,200 months 1-2-3+.
So, once again, no, not even close.
  • #7,567
  • Apr 17, 2022 8:56pm Apr 17, 2022 8:56pm
Today is 22 nd day.

Generally, I would be able to meet the target within next 8 days.

But I can not trade until Thursday due to some very important personal works. Last whole week, I could not trade too.

I knew this situation before signing up for new challenge.

Still I signed up and took on it to challenge myself.

If I can not meet target, I will ask for extension.
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Intraday only.
  • #7,568
  • Apr 17, 2022 9:39pm Apr 17, 2022 9:39pm
Quoting navk
Today is 22 nd day. Generally, I would be able to meet the target within next 8 days. But I can not trade until Thursday due to some very important personal works. Last whole week, I could not trade too. I knew this situation before signing up for new challenge. Still I signed up and took on it to challenge myself. If I can not meet target, I will ask for extension. {image}
Well at 75% to the target you might as well request the 30 day 1 time extension.

Ofcourse, it depends where your equity goes over the next set of trades you take.

You have a few options here.

Great progress though.

Well done.

Masterrmind ...........
Master your Mind then Master your Trades
  • #7,569
  • Apr 18, 2022 4:32am Apr 18, 2022 4:32am
Quoting pipmaster77
{quote} Actually, not even close to MFF or FTMO. They ask for 6% with 5% DD, which is 120% THREE TIMES, where MFF is 8% with 12% DD 67% and then 5% with 12% DD which is 41%. FTMO asks for 100% and then 50%. So 5%ers 360%, MFF 108%, FTMO 150%. Once complete MFF provides 12% DD, FTMO 10% and 5%ers 4%. Profit split is MFF 75-80%-85% months 1,2,3 +, FTMO is 80% and 5%ers is 50% until you get into the higher levels. The simple formula to really see what you're getting at the end is DD times profit split. So on a 100K, at 5%ers is actually 2K after passing,...
5ers don't have a time constraint though. If you can do 100% in one month with FTMO or 67% with MFF consistently, then you'd be better off on your own 'cause you're a super trader who don't need funding, you can grow your own $100 account into millions. If you can do these figures but not consistently then you're basically buying lottery tickets in the hopes of getting funded. OTOH if you are profitable but not unrealistically profitable, you are better off with a firm without time constraints. I don't know other reputable firms (that is known to pay out) like that.

But more importantly, the majority of good long-running traders don't trade by maxing out their DD. Meaning it's sort of irrelevant how far down they can go on their accounts, they keep churning out positive days and sooner or later they get to the milestones. But in a much more calculated and laborious way. And not by buying a lottery ticket.

So as I said, the 5ers appear as a good third choice.
  • #7,570
  • Apr 18, 2022 7:02am Apr 18, 2022 7:02am
Quoting mayr
{quote} 5ers don't have a time constraint though. If you can do 100% in one month with FTMO or 67% with MFF consistently, then you'd be better off on your own 'cause you're a super trader who don't need funding, you can grow your own $100 account into millions. If you can do these figures but not consistently then you're basically buying lottery tickets in the hopes of getting funded. OTOH if you are profitable but not unrealistically profitable, you are better off with a firm without time constraints. I don't know other reputable firms (that is...
Think I may give the Freestyle thing a go in May. I have my reservations but you can only find the shortfalls and positives by having a go. .. I’ll report back once I have it set up.
  • #7,571
  • Apr 18, 2022 7:17am Apr 18, 2022 7:17am
Quoting Fagin
{quote} Think I may give the Freestyle thing a go in May. I have my reservations but you can only find the shortfalls and positives by having a go. .. I’ll report back once I have it set up.
Just to be clear I was specifically talking about the Bootcamp challenge. I haven't looked at the Freestyle in detail but I like the 100 trade idea. One thing is sure, I'm not as skeptical about the reliability of the 5ers as others. I'd rank the trustworthiness as 1/ 5ers, 2/ FTMO, 3/ MFF. That is also an important consideration to me.
  • #7,572
  • Apr 18, 2022 8:06am Apr 18, 2022 8:06am
Quoting mayr
{quote} 5ers don't have a time constraint though. If you can do 100% in one month with FTMO or 67% with MFF consistently, then you'd be better off on your own 'cause you're a super trader who don't need funding, you can grow your own $100 account into millions. If you can do these figures but not consistently then you're basically buying lottery tickets in the hopes of getting funded. OTOH if you are profitable but not unrealistically profitable, you are better off with a firm without time constraints. I don't know other reputable firms (that is...
It is not a matter of going deep in DD, as the DD is the actual account. I have posted too many times about this, it actually makes my head hurt that people cannot grasp it. I can give you a 1 million dollar account with a 4K DD. The one million is irrelevant, all of your risk must be based on the 4K as that is your "risk of ruin". In your own personal account, risk of ruin would be 100% of your equity. So if you risk 1% per trade, risk of ruin 100 trades, however, that 1% must be based on allowable DD with the prop. So when the 5%ers gives you a 100K account, with 4% DD, you can only risk $40 per trade if you are a 1% risk taker, if you risk 1% of the actual "equity" you are done in 4 trades.
So, it is quite the opposite, if you are going to use the 5%ers, you are FAR better off trading your own account. Yes, to pas the challenge models some risk adjustments must be made, but once funded, this isn't even a close comparison. Not to mention, MFF essentially gives you 2 months on phase 1 with an extension if you are not reckless and of course 2 months phase 2, so you need 108% in 4 months vs 360% in 12 months with 5%ers bootcamp. MFF is actually less demanding to pass.
As I have pointed out, once you pass, the SAME EXACT work as far as R:R and win rate that earns you $2K with the 5%ers would pay you $8K with FTMO and $9000-10,200 with MFF.
  • #7,573
  • Apr 18, 2022 8:13am Apr 18, 2022 8:13am
From The Funded Trader Discord

Quote
We have made an adjustment to the way Funded Accounts are sent out. Starting immediately upon passing phase 2 you will be distributed your Funded Account automatically in 12 hours for Rapid Challenge & 36 hours for Standard Challenge. The accounts will be sent to you with Trading Disabled which means you will not be able to trade. Once you complete your KYC process and sign the Trader's Agreement, a support rep will enable your account to be traded. Standard Challenge funded accounts will still only be enabled on Sundays before the London...

It's better than the previously silly rule of 9 business days but still not enough IMO. Why does someone that completes the challenge on a Monday and sends quickly the KYI has to wait the same time than someone finishing on Thursday ?
To me this is having the customers fitting to internal procedures instead of internal procedures fitting to customers. I hate it wherever I see it (and I'm not speaking just about props, I'm speaking in every business)
  • #7,574
  • Apr 18, 2022 8:20am Apr 18, 2022 8:20am
Top Step are closing their Forex division
https://www.topstep.com/forex/

Their program was really weak, with monthly fee and specially a trailing stop that sucked. The only way to approach these guys was using a gambling perspective, which was a ticket to be kicked out.
  • #7,575
  • Edited 11:51am Apr 18, 2022 8:57am | Edited 11:51am
Am I missing something? Isn't the 5%ers netting basically exactly like a FIFO broker account? You can scale into a larger position and scale back out @ any time by simply taking a position in the opposite direction less than your total size, which offsets only that amount.

The 5%ers are just as reputable as FTMO, they just had terrible programs to those that understand simple math. Their freestyle program is the only one worth looking at. For the 1st time, from day 1 they have a decent amount on the line vs fee. Due to their years of good reputation & payouts, I will add them to the mix as my 3rd option behind FTMO & MFF.
  • #7,576
  • Apr 18, 2022 9:38am Apr 18, 2022 9:38am
Quoting CableJ
Am I missing something? Isn't the 5%ers netting basically exactly like a FIFO broker account? You can scale into a larger position and scale back out @ any time by simply taking a position in the opposite direction less than your total size, which offsets only that amount. The 5%ers are just as reputable as FTMO, they just had terrible programs to those that understand simple math. The freestyle program is their only program worth looking at. For the 1st time, from day 1 they have a decent amount on the line vs fee. Due to their years of good reputation...
Agree 100% with everything stated here. The freestyle program will basically be like trading with a US, CFTC regulated broker....no hedging and FIFO.
  • #7,577
  • Apr 18, 2022 10:41am Apr 18, 2022 10:41am
Quoting Capablanca
Top Step are closing their Forex division https://www.topstep.com/forex/ Their program was really weak, with monthly fee and specially a trailing stop that sucked. The only way to approach these guys was using a gambling perspective, which was a ticket to be kicked out.
I am getting SO tired of their commericals when I watch something on YouTube. I went to their site one time and saw that the Forex program was closed and now I continually get their ads. "I lost $90,000 in trading so I invented TopStep!" Seriously.
  • #7,578
  • Apr 18, 2022 12:02pm Apr 18, 2022 12:02pm
Quoting MoxFulder
I am getting SO tired of their commericals when I watch something on YouTube.
-There are many ad blockers that work well for Youtube, depending on your browser, that will eliminate those commercials for you. The only downside is, I am not aware of any that allow you to whitelist specific channels so that you can easily support your favorite content creators.
  • #7,579
  • Apr 18, 2022 7:13pm Apr 18, 2022 7:13pm
Quoting Nsak3y
{quote}-There are many ad blockers that work well for Youtube, depending on your browser, that will eliminate those commercials for you. The only downside is, I am not aware of any that allow you to whitelist specific channels so that you can easily support your favorite content creators.
I believe ublock origin (Chrome/edge/firefox) has a whitelist
  • #7,580
  • Apr 18, 2022 10:04pm Apr 18, 2022 10:04pm
Yes, but not for specific content creators. Not that I am aware of, anyway.
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