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  • #10,401
  • Aug 22, 2022 6:27am Aug 22, 2022 6:27am
Quoting Vitore
{quote} 100k account with 1:30 leverage and 10k DD fully utilized is equivalent to trading your own 10k account with a leverage of 1:300 (called "true") on its full margin and with the same monetary risk
Got it.
  • #10,402
  • Aug 22, 2022 9:00am Aug 22, 2022 9:00am
Good time to stack up on challenges you pay in EUR. FTMO and TFF will cost less now instead of more. Value scores go up on those 2 now.
  • #10,403
  • Aug 22, 2022 9:19am Aug 22, 2022 9:19am
Quoting pipmaster77
Good time to stack up on challenges you pay in EUR. FTMO and TFF will cost less now instead of more. Value scores go up on those 2 now.
I am even waiting for closing of this week. could get best rate.
  • #10,404
  • Aug 22, 2022 10:18am Aug 22, 2022 10:18am
Quoting pipmaster77
Good time to stack up on challenges you pay in EUR. FTMO and TFF will cost less now instead of more. Value scores go up on those 2 now.

Or convert your dollars to euro if you have dollarydoos
  • #10,405
  • Aug 23, 2022 2:43am Aug 23, 2022 2:43am
Quoting HengkiTjen
https://www.traderscentral.com hey anyone using this ? is prop firm or casino ?
I was paid and made a review some time ago:
https://www.forexfactory.com/thread/...2#post13975342
  • #10,406
  • Aug 23, 2022 3:21am Aug 23, 2022 3:21am
Hey Guys.

One week remaining on my MFF evaluation, current balance +4%.

Ive just requested an extension by email and will let the week run over with the current balance locked in.

Ive been told on the Discord that they will have to evaluate my trading behaviour.

Is there any type of trading behaviour that could potentially exclude me that I should be aware of? Anyone been denied an email extension request?

My average risk per trade is 0.5% - 1% per trade, average of 2 trades per day. I use the Investsoft Trade Manager EA to calculate risk, and take partials.

Cheers
  • #10,407
  • Aug 23, 2022 4:48pm Aug 23, 2022 4:48pm
Quoting Paulscaff1
Is there any type of trading behaviour that could potentially exclude me that I should be aware of? Anyone been denied an email extension request? My average risk per trade is 0.5% - 1% per trade, average of 2 trades per day.

Maybe if you had made the profit with just one trade.

I had read that they give extension with 6%. For less they could give it too I guess, however I have no experience.
  • #10,408
  • Aug 23, 2022 5:40pm Aug 23, 2022 5:40pm
Quoting Paulscaff1
Hey Guys. One week remaining on my MFF evaluation, current balance +4%. Ive just requested an extension by email and will let the week run over with the current balance locked in. Ive been told on the Discord that they will have to evaluate my trading behaviour. Is there any type of trading behaviour that could potentially exclude me that I should be aware of? Anyone been denied an email extension request? My average risk per trade is 0.5% - 1% per trade, average of 2 trades per day. I use the Investsoft Trade Manager EA to calculate risk, and take...
I've had numerous extensions granted below 6%....over 6% is automatic, below 6% you must request......I have never been denied an extension.
  • #10,409
  • Aug 24, 2022 1:17am Aug 24, 2022 1:17am
Quoting pipmaster77
{quote} I've had numerous extensions granted below 6%....over 6% is automatic, below 6% you must request......I have never been denied an extension.
Aye they emailed me back and said to wait till 2 days before it expires, and then put in the request.

I did try to guage about the "trading behaviour" thing on discord, and was told that " I should be ok".

I just didnt want to be left hanging with 4% profit that I could have used to hit the target, and still get a free retake.

Or leave the 4% and hope they grant the extension.

But from what yourself and the discord guys say...it should be allright.

Cheers mate
  • #10,410
  • Aug 24, 2022 7:36am Aug 24, 2022 7:36am
After all my research and personal experiences I will only trade/stick with FTMO and MyForexFunds. They are excellent and you don't need more than that.

Currently I am working on the 200k challenge at FTMO, looks good so far. Traded only 3 days (see TE in signature).
After passing phase 1 I will decrease my position size by half.
  • #10,411
  • Aug 24, 2022 8:53am Aug 24, 2022 8:53am
Quoting Olarion1975
After all my research and personal experiences I will only trade/stick with FTMO and MyForexFunds. They are excellent and you don't need more than that.
And for those who do, I can recommend E8 and TFF as the best of the rest imho
Money is made by sitting, not trading
  • #10,412
  • Aug 24, 2022 9:01am Aug 24, 2022 9:01am
Quoting Vitore
{quote} And for those who do, I can recommend E8 and TFF as the best of the rest imho
Yes, might be a good choice if you do not trade indices.
Since I only trade DAX and SPX, FTMO and MFF are perfect for me as they do not charge commission on them.
  • #10,413
  • Aug 24, 2022 9:12am Aug 24, 2022 9:12am
Quoting Olarion1975
{quote} Yes, might be a good choice if you do not trade indices.
Actually I only trade indices . E8 is a bit more expensive but not so bad unless you scalp on ultra-fast time frames, TFF seems ok to me, never had a problem with them on indices. I trade a master demo account with IC Markets and copy everything via Duplikium and TFF reports even more profit then ICM even with the additional copy slippage. And ICM is exceptionally cheap on indices
Money is made by sitting, not trading
  • #10,414
  • Aug 24, 2022 9:14am Aug 24, 2022 9:14am
Quoting Olarion1975
After all my research and personal experiences I will only trade/stick with FTMO and MyForexFunds. They are excellent and you don't need more than that. Currently I am working on the 200k challenge at FTMO, looks good so far. Traded only 3 days (see TE in signature). After passing phase 1 I will decrease my position size by half.
UPDATE: Just passed 200k FTMO challenge Phase 1.
Will start MFF 300k challenge as soon as I get my first payout and then copy trades in both accounts with low risk.

Have to 'trade' another boring 7 days though to fulfill the minimum trading days...
Attached Image(s) (click to enlarge)
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  • #10,415
  • Aug 24, 2022 9:14am Aug 24, 2022 9:14am
Quoting Vitore
{quote} Actually I only trade indices . E8 is a bit more expensive but not so bad unless you scalp on ultra-fast time frames, TFF seems ok to me, never had a problem with them on indices. I trade a master demo account with IC Markets and copy everything via Duplikium and TFF reports even more profit then ICM even with the additional copy slippage. And ICM is exceptionally cheap on indices

This is interesting example that someone is pricing lower than ICMarkets when their feed is raw as it gets.
  • #10,416
  • Aug 24, 2022 9:45am Aug 24, 2022 9:45am
Quoting Vitore
{quote} Actually I only trade indices . E8 is a bit more expensive but not so bad unless you scalp on ultra-fast time frames, TFF seems ok to me, never had a problem with them on indices. I trade a master demo account with IC Markets and copy everything via Duplikium and TFF reports even more profit then ICM even with the additional copy slippage. And ICM is exceptionally cheap on indices
Ok, Vitore. Thanks for your feedback. In fact I only scalp indices on M1 and M5, so the commissions make a big difference for me.
  • #10,417
  • Aug 24, 2022 9:51am Aug 24, 2022 9:51am
Quoting Olarion1975
{quote} Ok, Vitore. Thanks for your feedback. In fact I only scalp indices on M1 and M5, so the commissions make a big difference for me.
I thought it might not be the fit for you when I saw your 200+ trades in 3 days. You'd probably be mad about E8. I trade a bit longer TFs like 15/30min where the cost is less of a problem
Money is made by sitting, not trading
  • #10,418
  • Aug 24, 2022 10:34am Aug 24, 2022 10:34am
Quoting Vitore
{quote} And for those who do, I can recommend E8 and TFF as the best of the rest imho
I agree 100%. FTMO and MFF if you only want/ need 2. TFF and E8 would be next best 2. Maybe The FundedTrader and The Prop Trading after that for 5 and 6.
  • #10,419
  • Aug 24, 2022 10:47am Aug 24, 2022 10:47am
Quoting Vitore
{quote} I thought it might not be the fit for you when I saw your 200+ trades in 3 days. You'd probably be mad about E8. I trade a bit longer TFs like 15/30min where the cost is less of a problem
They still need to adjust their commission (on indices) though. It is not competitive to be 10X the cost as the others.
  • #10,420
  • Aug 24, 2022 11:51am Aug 24, 2022 11:51am
About E8 I'll do a review when I find some time but I can confirm that they paid the profit split + refund fee (all together) after only 8 days since I started funded account. From then on it's biweekly.

And money of the profit split is not deducted from the account which means now I have 9% (and not 8%) over that amount as max loss. The increase of 8% to 9% I think it's because they add 1% for each withdraw.

What I notice in E8 is that I always get slippage 0.1 or 0.2 pips even if's 2 or 3 lots in EURUSD. At least when entering the position clicking in buy or sell. In TP/SL depends but I always get most of the times, as well.
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