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  • #8,281
  • May 30, 2022 5:06pm May 30, 2022 5:06pm
Quoting Nsak3y
{quote}-I am sure that a strategic plan could be put together, but it might be difficult, depending on your risk-tolerance. Improving R:R can only work so much, since you are under time-constraints. So, the obvious recourse would be to use bigger position sizes to get there. Unfortunately, you could still be left with sizeable positions on a live account, simply because of how much you have to gain during those challenges in order to pass them.

That being said, a trader could certainly do it with smaller lot sizes, but they might seriously have to grind it out. Another problem, is that once live, you will be forever restricted to that lot range, high or low. So, if you need to reduce lot sizes to carefully get out of a hole, or, you want to increase lot sizes after growing the account, you cannot? I am not so sure about this approach.
Is the 40% phase 2 payout only if you're >10 min trading days + positive with live account? If so, then I can see why they don't want to allow lower position sizes than during evaluation. Traders could scalp micro lots for 10 days, end barely positive, get the 40K payout and then blow the account.
  • #8,282
  • May 30, 2022 5:48pm May 30, 2022 5:48pm
I am not so sure that it would matter much since the trader would need to achieve that in the first place and would be at risk of losing their investment if they did not reach it. Unless you are implying that this is so that the firm can avoid making those 40% payouts. If that is the case, then they should just do away with it altogether and just let traders trade freely on their live account.

If they want to impose some lot restriction maximums, then that is fine so long as they are reasonable. However, to say that a minimum lot size is required on a live account is just ridiculous; they can trade their own capital if they want.
  • #8,283
  • May 30, 2022 7:56pm May 30, 2022 7:56pm
Quoting CableJ
{quote} hmmmmmm could you strategically breakup your orders in phase 1 & 2. 50 lot higher risk position to pass = trade 5 10 lot positions instead, then once live you only trade 1 or 2 10 lot positions effectively lowering your risk per trade while also staying within their mean lot range?
Or add a few .01 lot positions right after entering each much larger main trade to bring average down.
  • #8,284
  • May 30, 2022 10:12pm May 30, 2022 10:12pm
You can't take 0.01 trades as they will flag alert. I know one person whose review (phase 1) was pending for 1 week since he finished target earlier and traded 0.01. It is unwritten consistency rule.
  • #8,285
  • May 30, 2022 10:13pm May 30, 2022 10:13pm
Quoting CableJ
{quote} Is the 40% phase 2 payout only if you're >10 min trading days + positive with live account? If so, then I can see why they don't want to allow lower position sizes than during evaluation. Traders could scalp micro lots for 10 days, end barely positive, get the 40K payout and then blow the account.
40% for normal account, 50% for aggressive account
  • #8,286
  • May 31, 2022 3:28am May 31, 2022 3:28am
Quoting Eren10
{quote} Mine confusement is caused due to the 2 names one named EURUSD and the other named EURUSDi, they have two different spreads. I think one is from the raw account and the other being the standard account. The raw account looks lucrative due to its low spread and commission. Maybe therefore I will consider the 250 bonus Thanks.
One final point here is that the spread(s) is/are higher using the real account that receives the $250 credit so you would be trading with EU at ~1.1 pips and no commission charged.

If you can use a different type of account than I did by all means go for it.

Might pay to ask support about the differences in accounts and if the higher spread account has to be used for the $500+ account that leads to a $5K instant funded account.

Let us know,

Masterrmind ...........
Master your Mind then Master your Trades
  • #8,287
  • May 31, 2022 7:15am May 31, 2022 7:15am
Quoting CableJ
{quote} Is the 40% phase 2 payout only if you're >10 min trading days + positive with live account? If so, then I can see why they don't want to allow lower position sizes than during evaluation. Traders could scalp micro lots for 10 days, end barely positive, get the 40K payout and then blow the account.
As per their website. 40% is instant. You will get before live account. Each firm have their own trap to avoid payment Like The Prop trading has lot size rule, MyFF has a rule if you are in profit and violate any rule they dont pay (their condition to pay is have stop loss on every order, no YOLO trades etc, well they know thats the way you blew up account)....
  • #8,288
  • May 31, 2022 8:34am May 31, 2022 8:34am
Happy ending today too. 1.2 % done today.

It was comparatively easy to trade gbpusd today unlike yesterday, it was tough.

The result matters.
Attached Image (click to enlarge)
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Intraday only.
  • #8,289
  • May 31, 2022 9:56am May 31, 2022 9:56am
Quoting sampat
You can't take 0.01 trades as they will flag alert. I know one person whose review (phase 1) was pending for 1 week since he finished target earlier and traded 0.01. It is unwritten consistency rule.
I believe that's different from my suggestion.
I'm not talking about trading small after you achieve the target.
I'm saying from the start, with every large trade, you include a few small trades in the same direction, or not, to lower your average size.
  • #8,290
  • May 31, 2022 10:31am May 31, 2022 10:31am
Quoting doyathink
{quote} I believe that's different from my suggestion. I'm not talking about trading small after you achieve the target. I'm saying from the start, with every large trade, you include a few small trades in the same direction, or not, to lower your average size.
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Des
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #8,291
  • May 31, 2022 12:32pm May 31, 2022 12:32pm
MFF introduce 300k and 5 k account.

300k account , they want to analyze the risk.

However, it will stay until June.
Intraday only.
  • #8,292
  • May 31, 2022 12:50pm May 31, 2022 12:50pm
How they analyze risk? Since max total allowed account is 600K total how 3 200K is different from 2 300K?
Since max lot size is not changed how they analyze risk?
  • #8,293
  • May 31, 2022 12:52pm May 31, 2022 12:52pm
Quoting sampat
How they analyze risk? Since max total allowed account is 600K total how 3 200K is different from 2 300K? Since max lot size is not changed how they analyze risk?
max lot size 50 lots for fx i think
Intraday only.
  • #8,294
  • May 31, 2022 1:00pm May 31, 2022 1:00pm
Quoting navk
{quote} max lot size 50 lots for fx i think
Yep but probability of passing 3 (200K) is much less than 2 (300K) (if traded separately without copiers)
So lot less failed challenges thats what risk means probably.
  • #8,295
  • May 31, 2022 1:03pm May 31, 2022 1:03pm
Quoting sampat
{quote} Yep but probability of passing 3 (200K) is much less than 2 (300K) (if traded separately without copiers) So lot less failed challenges thats what risk means probably.
can you suggest a good trade copier
Intraday only.
  • #8,296
  • May 31, 2022 1:11pm May 31, 2022 1:11pm
Quoting navk
{quote} can you suggest a good trade copier
I don't use any copier tools especially on prop firms. I manually open trades if I want to repeat on different prop firms
This avoids any red flags. I have heard from couple of people using https://www.socialtradertools.com/ as good tool.
  • #8,297
  • May 31, 2022 1:16pm May 31, 2022 1:16pm
Quoting sampat
{quote} I don't use any copier tools especially on prop firms. I manually open trades if I want to repeat on different prop firms This avoids any red flags. I have heard from couple of people using https://www.socialtradertools.com/ as good tool.
with same prop firm, you can use copier between 2 / 3 accounts.
Intraday only.
  • #8,298
  • May 31, 2022 1:20pm May 31, 2022 1:20pm
Quoting navk
{quote} with same prop firm, you can use copier between 2 / 3 accounts.
Yes for MyFF, FTMO, TrueForexFunds, TFT.
No for ThePropTrading, Finovative (Though have not tried but their rules are wierd. you can't have 3 positions with 10 pips difference etc)
  • #8,299
  • May 31, 2022 1:26pm May 31, 2022 1:26pm
Quoting navk
MFF introduce 300k and 5 k account. 300k account , they want to analyze the risk. However, it will stay until June.
lol You beat me to it. Makes sense, though, as you now only need to pass 2 challenges to hit max 600K with them.
  • #8,300
  • May 31, 2022 1:27pm May 31, 2022 1:27pm
Quoting sampat
{quote} I don't use any copier tools especially on prop firms. I manually open trades if I want to repeat on different prop firms This avoids any red flags. I have heard from couple of people using https://www.socialtradertools.com/ as good tool.
I do it the same way. Avoid any issues whatsoever.
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