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  • #10,421
  • Aug 24, 2022 1:08pm Aug 24, 2022 1:08pm
Quoting Capablanca
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...
The growing total DD (8-14%) and the continuous scale up (all profit added to the balance with every profit split) are two great features no one else offers. Sadly, the slippage and commissions are pretty bad
Money is made by sitting, not trading
  • #10,422
  • Aug 24, 2022 1:46pm Aug 24, 2022 1:46pm
Quoting Vitore
{quote} The growing total DD (8-14%) and the continuous scale up (all profit added to the balance with every profit split) are two great features no one else offers. Sadly, the slippage and commissions are pretty bad
And the max is 300K which is bad.
If we have a 250K then it's not worth (for me) to spend my time with a 50K challenge/funded account.
  • #10,423
  • Aug 24, 2022 2:03pm Aug 24, 2022 2:03pm
Quoting Capablanca
{quote} And the max is 300K which is bad. If we have a 250K then it's not worth (for me) to spend my time with a 50K challenge/funded account.
true, 2x250 would be so much better. The scale up is easier and you can reach 300k almost with the same effort as doing the extra 50k challenge
Money is made by sitting, not trading
  • #10,424
  • Edited 10:53pm Aug 24, 2022 4:41pm | Edited 10:53pm
Quoting Capablanca
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...

Is the new dd after withdrawal the original 8% max dd + the amount you withdraw or it starts over at 9% from the new higher balance amount?

ex. 100k account, make and withdraw 10%, is your new bottom equity 101k, or still 92k, or 91k?
Plan your trade, trade your plan
  • #10,425
  • Aug 25, 2022 12:47am Aug 25, 2022 12:47am
Quoting symmtrytradr
{quote} Is the new dd after withdrawal the original 8% max dd + the amount you withdraw or it starts over at 9% from the new higher balance amount? ex. 100k account, make and withdraw 10%, is your new bottom equity 101k, or still 92k, or 91k?
10% off balance I believe.
  • #10,426
  • Aug 25, 2022 1:12am Aug 25, 2022 1:12am
Quoting symmtrytradr
{quote} Is the new dd after withdrawal the original 8% max dd + the amount you withdraw or it starts over at 9% from the new higher balance amount? ex. 100k account, make and withdraw 10%, is your new bottom equity 101k, or still 92k, or 91k?
9% over the new balance.

So, you start with 100K and max loss is 92K (8%)
You make 2K profit and you withdraw 1.6K (80% profit).
After withdraw balance stays at 102K.
And the new max loss is 9% over the 102K, which is 92.82K
  • #10,427
  • Aug 25, 2022 1:30am Aug 25, 2022 1:30am
Quoting Capablanca
{quote} 9% over the new balance. So, you start with 100K and max loss is 92K (8%) You make 2K profit and you withdraw 1.6K (80% profit). After withdraw balance stays at 102K. And the new max loss is 9% over the 102K, which is 92.82K

Okay thanks for the clarification.
Plan your trade, trade your plan
  • #10,428
  • Aug 25, 2022 9:38am Aug 25, 2022 9:38am
What is the advisable prop firm to try? Is FTMO still good?
The market hides a perfect geometry.
  • #10,429
  • Aug 25, 2022 10:10am Aug 25, 2022 10:10am
Quoting Capablanca
{quote} 9% over the new balance. So, you start with 100K and max loss is 92K (8%) You make 2K profit and you withdraw 1.6K (80% profit). After withdraw balance stays at 102K. And the new max loss is 9% over the 102K, which is 92.82K
the DD rule ic complicated and not much when compared to straight forward 10 % or 12 %
Intraday only.
  • #10,430
  • Aug 25, 2022 10:14am Aug 25, 2022 10:14am
Quoting navk
{quote} the DD rule ic complicated and not much when compared to straight forward 10 % or 12 %
the DD rule is exactly the same as with any other prop firm only that the % increases by 1% with every profit split until 14% is reached
Money is made by sitting, not trading
  • #10,431
  • Aug 25, 2022 10:18am Aug 25, 2022 10:18am
Quoting Vitore
{quote} the DD rule is exactly the same as with any other prop firm only that the % increases by 1% with every profit split until 14% is reached
that is correct.

First timers may blow the account. I did blow in stage 2 challenge.

I stopped challenge with them as better ones are available.
Intraday only.
  • #10,432
  • Aug 25, 2022 11:59am Aug 25, 2022 11:59am
Quoting Vitore
{quote} the DD rule is exactly the same as with any other prop firm only that the % increases by 1% with every profit split until 14% is reached
What's "interesting" in them is that we may achieve 14% with a balance of 105K or with a balance of 180K, depending on the amount of profits we made during all the way towards the 14%.
And that "final" balance when we achieve 14% is determining what's the max loss. It's very different is we have 105K or 180K.

Every trader there will have different limits.
  • #10,433
  • Edited 12:19pm Aug 25, 2022 12:06pm | Edited 12:19pm
Quoting Capablanca
{quote} What's "interesting" in them is that we may achieve 14% with a balance of 105K or with a balance of 180K, depending on the amount of profits we made during all the way towards the 14%. And that "final" balance when we achieve 14% is determining what's the max loss. It's very different is we have 105K or 180K. Every trader there will have different limits.
Are you sure? I assumed it's 14% of the "starting" account balance which keeps increasing as long as you generate profit. So with every profit split, when the account balance updates, you get a new "starting" account balance and a new total DD as 14% of that balance (when you have reached that 14% level). Or?
It would make a little sense to trade 1M account with DD of 14% calculated from eg. 280k only
Money is made by sitting, not trading
  • #10,434
  • Aug 25, 2022 12:49pm Aug 25, 2022 12:49pm
Seeing a lot of reports of TFF banning people who are making decent profits. One is on trustpilot rn. Now I feel uncertain of my accounts I'm about to pass.
  • #10,435
  • Aug 25, 2022 1:06pm Aug 25, 2022 1:06pm
Quoting Takisd
Seeing a lot of reports of TFF banning people who are making decent profits. One is on trustpilot rn. Now I feel uncertain of my accounts I'm about to pass.
There's a discussion about it on their Discord. Seems related to the prohibited strategies, which TFF defines as:

"Tick scalping, arbitrage bots – reverse arbitrage – latency arbitrage – hedge arbitrage or any emulators are prohibited."

But what exactly those means is a question as there's no exact definition other than this
Money is made by sitting, not trading
  • #10,436
  • Aug 25, 2022 1:24pm Aug 25, 2022 1:24pm
Quoting Vitore
{quote} Are you sure? I assumed it's 14% of the "starting" account balance which keeps increasing as long as you generate profit. So with every profit split, when the account balance updates, you get a new "starting" account balance and a new total DD as 14% of that balance (when you have reached that 14% level). Or? It would make a little sense to trade 1M account with DD of 14% calculated from eg. 280k only
Well, I received a payout, they didn't deduct the money from the balance and the 9% is now over that balance.
So I guess that if you have a balance of 180K of accumulated profits that you received 80%, the 14% will be over 180K. It's same logic.
  • #10,437
  • Aug 25, 2022 1:30pm Aug 25, 2022 1:30pm
Quoting Capablanca
{quote} Well, I received a payout, they didn't deduct the money from the balance and the 9% is now over that balance. So I guess that if you have a balance of 180K of accumulated profits that you received 80%, the 14% will be over 180K. It's same logic.
Yes, that how I meant it. So when the 180K further grows to eg. 200K, then 220K, and 240K, your respective DDs would be 14% over 200K, then 14% over 220K and finally 14% over 240K.
Money is made by sitting, not trading
  • #10,438
  • Aug 25, 2022 1:40pm Aug 25, 2022 1:40pm
Quoting Takisd
Seeing a lot of reports of TFF banning people who are making decent profits. One is on trustpilot rn. Now I feel uncertain of my accounts I'm about to pass.
why, what is the reason ?

I see No complaints in Discord?
Intraday only.
  • #10,439
  • Aug 25, 2022 2:00pm Aug 25, 2022 2:00pm
Quoting navk
{quote} why, what is the reason ? I see No complaints in Discord?
No complains as far as I can see, but they discuss validity of Trustpilot reviews and prohibited strategies. So I assume they might relate. Didn't read the whole discussion
Money is made by sitting, not trading
  • #10,440
  • Aug 25, 2022 2:04pm Aug 25, 2022 2:04pm
Quoting Vitore
{quote} No complains as far as I can see, but they discuss validity of Trustpilot reviews and prohibited strategies. So I assume they might relate. Didn't read the whole discussion
In trust pilot, I saw few complaining about EA use and payment refusal. That is rare, as I see lots of people getting payouts as in Discord.
Intraday only.
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