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  • #10,301
  • Aug 16, 2022 9:39pm Aug 16, 2022 9:39pm
Quoting Takisd
(for example, if someone uses WIX they should get a score of 0)..
That made my night
Pride always comes before destruction.... -Proverbs 16:18
  • #10,302
  • Aug 16, 2022 10:56pm Aug 16, 2022 10:56pm
Didn't TPT also have some weird % withholding rule on payouts to pay taxes in their jurisdiction.
  • #10,303
  • Aug 16, 2022 11:06pm Aug 16, 2022 11:06pm
Takisd,

Is the CFD market for indices significantly smaller than US futures? Filling 30 lots of Dow mini futures (= 150 lots @ MFF) & 150 S&P mini (= 7500 lots @ mff) is common in futures time of sales data during US session. Have you tried to push your lot size past 100 in split orders @ MFF?
  • #10,304
  • Aug 17, 2022 12:07am Aug 17, 2022 12:07am
Quoting pipmaster77
It's actual comical at this point.
-Yeah. That's one perspective. When you consider blessings like this and the rate of taxation (among many other insanities) in the good ol' land of the free, the idea of relocating probably starts to feel inevitable for some; aggressive tactics may not even be needed.
  • #10,305
  • Aug 17, 2022 12:23am Aug 17, 2022 12:23am
Quoting CableJ
Didn't TPT also have some weird % withholding rule on payouts to pay taxes in their jurisdiction.
Not in the last 7 or 8 months. If so that should have been before
  • #10,306
  • Aug 17, 2022 3:46am Aug 17, 2022 3:46am
Information for those interested because these kind of details are usually not so known.
Some companies allow the payout on a specific day and if we don't request it runs another cycle of 14, 15 or 30 days until we have again a chance of requesting a payout.
On The Funded Trader I missed the payout date but I could request it some days after.
They establish 14 days for the payout date (it's an old account) but it can be on 14th or any day later. Just need to press the bottom to request it anytime.
Of course that after each payout they start counting 14 days again since the 1st trading day.
This is a good thing IMO. A pity that their payout process is so bad.

Btw, Finotive is also like this. We may request payout at any time, provided that it was 7 days since the last (and 2 trading days minimum)
  • #10,307
  • Edited 4:51am Aug 17, 2022 4:14am | Edited 4:51am
Quoting CableJ
Takisd, Is the CFD market for indices significantly smaller than US futures? Filling 30 lots of Dow mini futures (= 150 lots @ MFF) & 150 S&P mini (= 7500 lots @ mff) is common in futures time of sales data during US session. Have you tried to push your lot size past 100 in split orders @ MFF?
I am either taking 10 lot clicks or 100 lot clicks at MFF depending on the strategy I apply. On 100 lots I am getting slippage that is small. I suspect its execution time as you have to go from MFF -> CFD provider - > Potential another cfd provider or to futures. The execution time is probably 1second or slightly more. Explains the small slippage. (I do not get 1 second execution time to be clear. My execution time is 300ms which is mt4 standard).
On 10 lot clicks, I get little/no slipping at all all the way up to 150-200 lots. (Remember I am copying on 2 other accounts). To hit 600 lots (120 DM) in the market and beat all competitors is problematic on the best of days. The provider between me and the market is also likely front running me for their clip of the ticket decreasing the quality of the fill.

Mini futures is a massive pool of sharks, its easier to compete with them on spot cfd's than trying to execute on book in a futures platform.
  • #10,308
  • Aug 17, 2022 5:24am Aug 17, 2022 5:24am
Hi, wanted to ask you guys about news. I know that you shouldn't trade high impact news because the slippage and spread increases a lot. But I wonder how low impact news (based on forex factory) woould impact that, is it relatively the same then as if there was no news? I'm looking to trade USOIL and EUR/USD which is a pair that obviously has a news announcment pretty much everyday. Sorry if this comes as dumb, I used to trade crypto where there was almost no news lol.
  • #10,309
  • Aug 17, 2022 7:03am Aug 17, 2022 7:03am
E8 has this in the site regarding payouts:


How can I withdraw my profits from my funded account?

Simply request a pay-out at: https://e8x.e8funding.com/funded-center/withdrawal for any profits generated at the end of your 14-day trading period and we will promptly process your payment. The first payment will be eligible after 8 calendar days (8 days from the first day of the first trade). All other withdrawals can be submitted on a 14-day basis. You will see your current withdrawal eligibility day in your E8X Dashboard. The pay-outs are processed within 1-2 business days (excluding weekends). After that, You will receive profits in 1-3 Business days. Overall the full process may take up to 2-5 business days. can receive your profits via Letsdeel.com using regular Bank Transfer, PayPal, Revolut, Wisepay, Payoneer, or in cryptocurrency via Coinbase. We don’t charge any commissions for withdrawals. However, the processor of the withdrawal may charge some fees.

After the contract is approved, you will receive an e-mail that you can trade again, bear in mind, that you keep your current balance, which is set after withdrawal as a scaled balance thanks to our scaling program.

You don’t need to score any minimum profit to receive your 80% share. Whatever amount of profit you generate, that is what is split 80/20 and paid to the trader.

However in the traders agreement they have this:

Attached Image (click to enlarge)
Click to Enlarge Name: E8 agreement.PNG Size: 49 KB


This seems contradictory. It is monthly or biweekly ? And I'm reading correctly that the first payout is after 8 days ?
  • #10,310
  • Aug 17, 2022 7:53am Aug 17, 2022 7:53am
To the folks who don't understand slippage. At 2pm EST there is FOMC minutes, best not be in a trade during and around that time.
  • #10,311
  • Edited 9:06am Aug 17, 2022 8:14am | Edited 9:06am
Quoting Takisd
{quote} I am either taking 10 lot clicks or 100 lot clicks at MFF depending on the strategy I apply. On 100 lots I am getting slippage that is small. I suspect its execution time as you have to go from MFF -> CFD provider - > Potential another cfd provider or to futures. The execution time is probably 1second or slightly more. Explains the small slippage. (I do not get 1 second execution time to be clear. My execution time is 300ms which is mt4 standard). On 10 lot clicks, I get little/no slipping at all all the way up to 150-200 lots. (Remember...
I just recently reached 400K funding with MFF, 360K with <1% risk puts me @ 100 lots on my tightest sl (varies 30-150 points). I can tolerate up to 3 points average slippage in + out if I have to go deeper in market depth for total fill, so I was considering pushing the envelope on my volume to test their limitations. My order execution EA can auto split total ticket size by specified amounts and send them all to market.

If I understand you correctly, are you saying that when you split your 150-200 lot total ticket by 10 lot clicks the slippage has been minimal?
  • #10,312
  • Aug 17, 2022 8:28am Aug 17, 2022 8:28am
Quoting CableJ
{quote} I just recently reached 400K funding with MFF, 360K with <1% risk puts me @ 100 lots on my tightest sl (varies 30-150 points). I can tolerate up to 3 pips average slippage in + out if I have to go deeper in market depth for total fill, so I was considering pushing the envelope on my volume to test their limitations. My order execution EA can auto split total ticket size by specified amounts and send them all to market. If I understand you correctly, are you saying that when you split your 150-200 lot total ticket by 10 lots clicks slippage...

Yes. I don't experience slippage that by your writing would affect you. Although 30 points (I assume thats 3$ of price change) is a very tight stop for big size. But yes, if you cut the size per click you get better fills generally.
  • #10,313
  • Aug 17, 2022 8:42am Aug 17, 2022 8:42am
Quoting Takisd
To the folks who don't understand slippage. At 2pm EST there is FOMC minutes, best not be in a trade during and around that time.
and yet discord at MFF will be loaded at 2:01 saying what a scam MFF is.
  • #10,314
  • Edited 5:19pm Aug 17, 2022 8:54am | Edited 5:19pm
Quoting Tobiazzek
Hi, wanted to ask you guys about news. I know that you shouldn't trade high impact news because the slippage and spread increases a lot. But I wonder how low impact news (based on forex factory) woould impact that, is it relatively the same then as if there was no news? I'm looking to trade USOIL and EUR/USD which is a pair that obviously has a news announcment pretty much everyday. Sorry if this comes as dumb, I used to trade crypto where there was almost no news lol.
I track the 5 min release bar impact of every US session news release...

Avoid = US unemployment, US CPI, FOMC/ECB rate/announcement and last 3 reports US UoM Consumer Sentiment
Hit or miss = US Core PCE, US Flash manufacturing/services, US ism manufacturing/services, US jolts job
Ignore = everything else

Note.... this is during us session, if you're trading other currency pairs during UK hours there are way more reports to worry about.
  • #10,315
  • Aug 17, 2022 9:04am Aug 17, 2022 9:04am
Quoting Takisd
{quote} Yes. I don't experience slippage that by your writing would affect you. Although 30 points (I assume thats 3$ of price change) is a very tight stop for big size. But yes, if you cut the size per click you get better fills generally.
Variable SL = $30-$150 of price change on U30, I can deal with $3 slippage on average getting in & out.
  • #10,316
  • Aug 17, 2022 9:06am Aug 17, 2022 9:06am
Quoting CableJ
{quote} SL = $30-$150 of price change on U30

You will be more than fine. Stay away from news.
  • #10,317
  • Aug 17, 2022 9:38am Aug 17, 2022 9:38am
Quoting CableJ
{quote} I just recently reached 400K funding with MFF, 360K with <1% risk puts me @ 100 lots on my tightest sl (varies 30-150 points). I can tolerate up to 3 points average slippage in + out if I have to go deeper in market depth for total fill, so I was considering pushing the envelope on my volume to test their limitations. My order execution EA can auto split total ticket size by specified amounts and send them all to market. If I understand you correctly, are you saying that when you split your 150-200 lot total ticket by 10 lot clicks the slippage...
Tight stops are the way to go..

I hardly notice slippage, I manually split entries and just rack up size..
  • #10,318
  • Aug 17, 2022 10:25am Aug 17, 2022 10:25am
Quoting CableJ
{quote} I track the 5 min release bar impact of every US session news release... Avoid = US unemployment, US CPI, FOMC/ECB rate/announcement and last 2 reports US UoM Consumer Sentiment Hit or miss = US Core PCE, US Flash manufacturing/services, US ism manufacturing/services, US jolts job Ignore = everything else Note.... this is during us session, if you're trading other currency pairs during UK hours there are way more reports to worry about.
Thanks a lot, gonna be watching for those.
  • #10,319
  • Aug 17, 2022 10:38am Aug 17, 2022 10:38am
Did Anyone try Apex ? is a good one ? I am just very confused about the rules

Apex Trader Funding

 

  1. Introductory link:https://go.tradacc.com/getfunded-apex

Best Current Deal: 50% discount on all account sizes for recurring monthly subscription.Discount Code: KORBS50

  • #10,320
  • Aug 17, 2022 10:46am Aug 17, 2022 10:46am
Quoting Boulder
Did Anyone try Apex ? is a good one ? I am just very confused about the rules Apex Trader Funding Introductory link:https://go.tradacc.com/getfunded-apex Best Current Deal: 50% discount on all account sizes for recurring monthly subscription.Discount Code: KORBS50
LMFAO
100k account w/ 3% trailing DD for an awesomely low $207/month. AND you get a 50% off of it.
Of course there is also that 15% life time referral commission...
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