Prop Firm Hub | Page 411 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #8,201
  • May 27, 2022 3:38am May 27, 2022 3:38am
Quoting pipmaster77
{quote} I am 100% manual trader. So that rule does not affect me. The reason I seek out more funding is EXACTLY FOR THE REASON OF TRADING INDEFINITELY WITH SMALL LEVERAGE. 1:1 or 2:1 leverage on 2 million is $200-400 per pip.
Such a valid point here.

Do what you have to do to pass the challenge(s) but once you reach funded stage wind the leverage right down low on relatively large funded account balance and it doesn't take much to derive a relatively low risk return.

Ofcourse it depends on what income the trader is used too but I think most would agree that a profit split providing say 2% per month on a $1M account to the trader which is $20,000 is great additional income !

Masterrmind ............
Master your Mind then Master your Trades
  • #8,202
  • May 27, 2022 6:27am May 27, 2022 6:27am
Quoting Mtinifx
{quote} First you tell us you're a very careful trader using very low leverage then you tell us you've passed a Phase 1 challenge in one day! Oh boy Totally disagree that automation doesn't work. Using automation to control risk DOES work.
Yes, I was stating that I am doing SOMETHING DIFFERENT with TFF. This is why it is only a 10K account. Testing to see if the all-in one trade approach is an overall better way of passing challenges. Do you use automation to control risk? Is it preventing you from failing challenges due to DD? No automation here, the max I've EVER lost in a day with a prop is 1.5%. Of course, other than the tiny 10K I'm doing with TFF.
  • #8,203
  • May 27, 2022 6:32am May 27, 2022 6:32am
Quoting TrAndy1
Prop Firms Challenges decrypted The Expectancy Score which is the multiple value of paid fee I have calculated on all props with discount codes I know in the following table sheet below. Enjoy. Trading conditions like spreads and any hidden rules and customer service are not considered in the objective Score, because they depend more on your trading style. {image}
First, thank you for your work. This is a very useful chart.
If I may suggest to include a time factor also. In the case of MFF you have 60 days for 8% in phase 1 (as long as you are in profit after 30). Some of the props that have no time limit would have a much higher score.
Another important consideration is whether the DD is trailing or fixed, equity or balance based. In the case of MFF this would reduce their score.
  • #8,204
  • May 27, 2022 6:37am May 27, 2022 6:37am
Quoting pipmaster77
{quote} I just did a small 10K with them to check trading conditions. Not too crazy about $7 commission, when I only pay $3 at MFF and FTMO. Passed in 12 hours Expo style (not how I normally trade, but figured I'd give a shot on the 10K). I also wanted to see how quick phase 2 credentials and funded credentials arrive.
Here was the original post explaining why and how I was doing the 10K with TFF. I find it amazing that you still question my approach/experience with prop firms. I've only been involved for 2 years and have been funded for 21 months. But hey, what do I know?
  • #8,205
  • May 27, 2022 6:41am May 27, 2022 6:41am
Recently earned funded account from MFF

Third day today. @ 800 per day is good in my standards.

Will not trade in NY.

Will trade E8 phase 2 account on Monday
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 15 KB
Intraday only.
  • #8,206
  • May 27, 2022 8:31am May 27, 2022 8:31am
Quoting muir
{quote} First, thank you for your work. This is a very useful chart. If I may suggest to include a time factor also. In the case of MFF you have 60 days for 8% in phase 1 (as long as you are in profit after 30). Some of the props that have no time limit would have a much higher score. Another important consideration is whether the DD is trailing or fixed, equity or balance based. In the case of MFF this would reduce their score.
The no time limit firms would not have a higher score. The fact still remains that all of the no time limit, direct funding firms charge a higher fee than DD allowed. This will still result in negative expectancy. Perhaps a % per week metric would work, therefore giving a higher score to a firm allowing 60 days to earn 8% vs. 45 days to earn 10%?
If you are considering the 5%ers, CTI, Lux or any such model.......don't waste your time and money, much higher expectancy putting the fee you would pay them in a personal account and trading it on your own.
  • #8,207
  • Edited 9:09am May 27, 2022 8:38am | Edited 9:09am
Quoting muir
{quote} First, thank you for your work. This is a very useful chart. If I may suggest to include a time factor also. In the case of MFF you have 60 days for 8% in phase 1 (as long as you are in profit after 30). Some of the props that have no time limit would have a much higher score. Another important consideration is whether the DD is trailing or fixed, equity or balance based. In the case of MFF this would reduce their score.
Feel free to do your own calculation and sheet. I took a simplified approach to make it not difficult to understand. You can post too. Let me not do the whole work alone.
My table sheet gives a good orientation about the value what you get for the fee. Adding more things for the formula makes it much more complicated but with little value only, because they would only have a very small effect, resulting a little change after the comma or even not when rounded here again. Take this as inspiration.
  • #8,208
  • May 27, 2022 10:53am May 27, 2022 10:53am
Quoting Masterrmind
{quote} Such a valid point here. Do what you have to do to pass the challenge(s) but once you reach funded stage wind the leverage right down low on relatively large funded account balance and it doesn't take much to derive a relatively low risk return. Ofcourse it depends on what income the trader is used too but I think most would agree that a profit split providing say 2% per month on a $1M account to the trader which is $20,000 is great additional income ! Masterrmind ............
Exactly. You can literally trade without any fear of violating DD rules and earn 2%-6% per month. With 1:1 leverage, it is 200-600 pips PER MONTH!!!!! If you want to be "risky", you can go 2:1 and 300 pips PER MONTH makes 6%. Easier said than done, but this can literally be 1-2 trades monthly.
  • #8,209
  • May 27, 2022 11:03am May 27, 2022 11:03am
Quoting pipmaster77
{quote} Exactly. You can literally trade without any fear of violating DD rules and earn 2%-6% per month. With 1:1 leverage, it is 200-600 pips PER MONTH!!!!! If you want to be "risky", you can go 2:1 and 300 pips PER MONTH makes 6%. Easier said than done, but this can literally be 1-2 trades monthly.
Sounds that for you a low swap should be important, right ?
I'm thinking that 400 pips in EURUSD is about 3.5% to 4% on 1:1, give or take.
You definitely need to have positions opened for days, more than one week most of the cases.
  • #8,210
  • May 27, 2022 11:49am May 27, 2022 11:49am
Quoting Capablanca
{quote} Sounds that for you a low swap should be important, right ? I'm thinking that 400 pips in EURUSD is about 3.5% to 4% on 1:1, give or take. You definitely need to have positions opened for days, more than one week most of the cases.
I rarely hold positions overnight. I do not mind the commission to re-open a couple of hours later. Basically what I'm getting at is you can hammer the same 1-2 instruments for an extended period. I primarily trade weekly pivot points. On some higher ADR pairs, target gets hit within a few hours, others may take several days.
  • #8,211
  • May 27, 2022 12:31pm May 27, 2022 12:31pm
Quoting pipmaster77
{quote} Here was the original post explaining why and how I was doing the 10K with TFF. I find it amazing that you still question my approach/experience with prop firms. I've only been involved for 2 years and have been funded for 21 months. But hey, what do I know?

No one is questioning your trading ability mate. Just your contradictory statements!

No, you're the best trader in the world!

No harm in blowing your own trumpet right?
Attached Image (click to enlarge)
Click to Enlarge Name: images.jpg Size: 10 KB
  • #8,212
  • May 27, 2022 12:34pm May 27, 2022 12:34pm
Have plans to start a new challenge with MFF once I finish with E8 Phase 2.

Probably next week i hope to finish.

The funded trader program is appealing too.
Intraday only.
  • #8,213
  • May 27, 2022 12:53pm May 27, 2022 12:53pm
Quoting Mtinifx
{quote} No one is questioning your trading ability mate. Just your contradictory statements! No, you're the best trader in the world! No harm in blowing your own trumpet right? {image}
Sorry mate. I have already stated I am not that good. This entire conversation started with this post from you:

First you tell us you're a very careful trader using very low leverage then you tell us you've passed a Phase 1 challenge in one day! Oh boy

This occurred, as, per usual, you post without reading and knowing all of the facts.

But, it's OK. Keep doing what YOU'RE doing and pay me no mind. I only post here to help folks, not to argue.
  • #8,214
  • May 27, 2022 1:36pm May 27, 2022 1:36pm
Quoting TrAndy1
These are the answers to the questions I got from the support of FundedTradingPlus.
-I am really surprised that you are getting such thorough responses. Thanks for sharing.

Quote
Website score (English, grammar, professional layout etc.)?
"Not sure how you’d want this measured."

This one is not really for them to answer. That's funny.
  • #8,215
  • May 27, 2022 3:58pm May 27, 2022 3:58pm
Are there any prop firms where the evaluation is free?
  • #8,216
  • May 27, 2022 7:43pm May 27, 2022 7:43pm
The Funded Trader has a free competition.
  • #8,217
  • Edited 6:39am May 28, 2022 4:25am | Edited 6:39am
There is no evaluation here, so you can earn from day one with weekly payouts if you meet 5% profit target. Expectancy Score is then 8, which is great. But they do not accept US based traders and only the 28 FX pairs before the first profit split then one can also trade Gold and Indices, which is all fine for me. Broker is Tickmill, which is also good. They have no trustpilot reviews and I could not find payout reviews. But the offer from this prop firm is too great not to have a closer look. You get 16% max DD with 8% daily DD and 8 Lot size on a 100k account, you need to do 5% monthly, but there are no challenges to be made, which is a shortcut. What do you think ? I do not know if they are only a scam or just a secret prop, when they do payouts. Then this would be one of the best offers around, but they are after 1 year of business still totally unknown. I have found them only by a result in search engine. Also no reviews anywhere on any website at all and nothing also on youtube. I assume they do not do any kind of marketing. I have never heard from them before so far. That makes them suspicious and is a kind of red flag for me because otherwise I would get more infos about them. I have contacted also support. They seem to be really secret among all prop firms with that no challenge offer. So is this only a scam or not ? That offer looks to good to be true after making some thoughts, I would say they must be a scam, but I have no proofs for that opinion or whatsoever. What do you say?

https://trustsfxmarket.com/
'With Trusts Fx Market you simply pay and then trade, there are no Any Evaluation or Challenges, Highly restrictable trading limits or tests, trials, combines or any other confusing ways of messing around. You can even receive a refund if it’s not what we say.' // Comment: This looks like instant funding with a huge discount.
  • #8,218
  • May 28, 2022 6:25am May 28, 2022 6:25am
Quoting pipmaster77
{quote} Sorry mate. I have already stated I am not that good. This entire conversation started with this post from you: First you tell us you're a very careful trader using very low leverage then you tell us you've passed a Phase 1 challenge in one day! Oh boy This occurred, as, per usual, you post without reading and knowing all of the facts. But, it's OK. Keep doing what YOU'RE doing and pay me no mind. I only post here to help folks, not to argue.
Neither do I! But you started this by arguing with my intitial post remember?

Let's just not reply to each other's posts. That's the best thing to do!


I have to say though (this is not refering to you, P77) that I find it ridiculous - certain people constantly posting matrixes and other images of Phase1/2 etc and telling everybody how wonderful they are. But hardly ever if not never, do we see any payout proofs! What is the use of posting proofs of Phase 1 pass, Phase 2 pass, etc, etc if the guy never gets to the payout stage?
  • #8,219
  • May 28, 2022 7:44am May 28, 2022 7:44am
Quoting TrAndy1
There is no evaluation here, so you can earn from day one with weekly payouts if you meet 5% profit target. Expectancy Score is then 8, which is great. But they do not accept US based traders and only the 28 FX pairs before the first profit split then one can also trade Gold and Indices, which is all fine for me. Broker is Tickmill, which is also good. They have no trustpilot reviews and I could not find payout reviews. But the offer from this prop firm is too great not to have a closer look. You get 16% max DD with 8% daily DD and 8 Lot size on...
Hello Trandy1;

I trust this message finds you well & thank you for taking the time to detail the information.

Please be advised that I have taken a glance at the website as a matter of general interests since I am currently between weekend trading tasks i.e. journaling & MTF analysis across the 28 pairs in order to compile my trading planner for the upcoming week.

I regret to inform you that from the view (the previous word become a link which I am not associated with) point through which I viewed the company/website/value proposition, this looks to be a rather suspicious product/service offering.

Kindly review hereunder, the core list of the irregularities I wish to call to your attention which I detected at surface level. I suspect if further investigation is conducted by someone who has a little more time on hand other layers of challenges could be uncovered.

1. The account “sign-up” tab is returning a 404 error intermittently since I think someone is actually working on the back-end of the site whilst I was going over it. This is since it worked once when working through the login page & then selecting “create an account”

2. The first time I clicked on the about us tab, there was a story about 2 traders who were successful with trading & realised they needed deep volumes capital to unlock their “true capabilities”. They then embarked on their quest to secure investor capital to ensure all other traders could access deep volumes trading capital through them without much effort, how altruistic of them. You know the favourite drawcard of this value proposition by now, which creates the allure that a trader suddenly becomes more competent if granted access to inter-galactic volumes of trading capital. As at the time of my post 28.05.22 08h38 EST the story is no longer visible & it is replaced with terms & conditions pertaining to another url i.e. tcffunfing(I removed the url link which appeared since I don't wish anyone links through it via my post)

3. The return tab to the home page does not work from other tabs so one has to press the home tab on that page to return to the landing page or else the site remains on the secondary page.

4. There are many spelling errors & other type of written errors such as uppercase incorrectly used. One may think this is minor but can someone really expect an entity which cannot execute fundamentals such as proper spelling & wording on their website to provide deep volume liquidity funding to traders.

5. Payment of the sign-up fee is limited to Bitcoin. This is a concerning matter since it deprives the client/trader the recourse of a charge-back such as they are able to access if they fund with their credit-card in the event the company fails to adhere to the rules of engagement within a stipulated period.

6. The terms of service contains a disclaimer that services & appropriateness for use outside of India is at the sole discretion of the client. With this one, I wish to add in so there no suspicion that I am creating a racial inuendo against India/Indians, that being, I am a born & bred proudly South African citizen but from a pure race categorization for ID number/demographic perspectives, I am classified as “Indian” since my ancestors arrived to South Africa from India somewhere around the 1800s.

7. Perhaps the matter of greatest concern, to me at least, as a starting point when I look over companies to engage (especially those which involve monetary transactions) I generally take a glance at their website ranking from a safety/ scam perspective. Such ranking engines score websites across a spectrum of deliverables subsequent to which the website is awarded a score out of 100. In all the time I have checked countless websites including some less than desirable drop shipping type entities I have never before seen a score that I did with this website today, that being 1/100.

In my opinion, anyone wishing to engage with this company, even if they disregard my entire list should pay mind to point number 7 & do their own independent research via a website scoring engine of their choice in order to test the veracity of my findings in relation to their willingness to sign up with this company.

I respectfully wish that the information I included is accepted in the good faith that it is intended & may you & all on this thread enjoy a pleasant day ahead.

Kind Regards
Des
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #8,220
  • May 28, 2022 8:11am May 28, 2022 8:11am
May be it was free time today for Yavuz from MFF, and i was chatting with him over Discord. Very kind hearted and supportive person.

He answered all my queries.

He suggests me to use trade copier for more than 1 account.
Intraday only.
55 traders viewing now