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  • #12,041
  • Nov 2, 2022 3:55am Nov 2, 2022 3:55am
Quoting Capablanca
{quote} So, in your example the account increased 1.25x from 250K to 320K but DD increased 2.24x from 20K to 44.8K That's pretty good.
Yes, exactly. And that 320k is equivalent to almost 450k account with 10% DD
Money is made by sitting, not trading
  • #12,042
  • Nov 2, 2022 4:18am Nov 2, 2022 4:18am
Quoting Vitore
{quote} Yes, exactly. And that 320k is equivalent to almost 450k account with 10% DD
Have you seen the Finotive Funding scaling plan? It's crazy good
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  • #12,043
  • Nov 2, 2022 4:36am Nov 2, 2022 4:36am
Quoting trader888888
{quote} Have you seen the Finotive Funding scaling plan? It's crazy good {image}
I have but I don't like it so much as you cannot withdraw the profit if you choose to scale. Also, you can only have 3 open positions at the time with them. If you open 4th even by mistake you loose your account.
Money is made by sitting, not trading
  • #12,044
  • Nov 2, 2022 4:37am Nov 2, 2022 4:37am
Quoting trader888888
{quote} Have you seen the Finotive Funding scaling plan? It's crazy good {image}
That's not as good as it seems.

First:
Quote
8.13. ACCOUNT SCALING
8.13.1. If the trader achieves the scaling target, they may choose to exchange their profits for a larger (scaled) account.
8.13.2. If they chose to scale, the trader understands that they fully forfeit the profits exchanged, as these cannot be withdrawn. I.e., The trader cannot use the same profits to scale and withdraw.
Source: https://finotivefunding.com/terms-and-conditions

Let's focus on what you highlight of 200K.

With 200K you have a DD of 20K.
With 340K you have a DD of 34K

To go from 200K to 340K you have to make 8% profit, which is 16K, and you fully forfeit it, as per conditions.

So you make 16K profit (forfeit) and they provide 14K additional DD.

It's a bad deal IMO.

Not sure if relevant but scaling is not allowed with EAs:
Quote
7.4.2 Traders may:
(a) Use Expert Advisors for Challenge Accounts but will have a fixed profit split of 25% and will not be allowed to Scale.

Just a final note: Finotive Funding is a good company to hit once and run away if the account is blown because of this:

Quote
8.10. PHASE 3 ACCOUNT SPECIFICS
8. 10.1 Upon achieving funded status, the trader will be required to read and sign a Funded Trader Agreement (FTA), and also pass our KYC process before they are eligible for any Withdrawals or Account Scaling.
8. 10.2 In order to protect our capital, traders who have failed previous funded accounts (either Challenge Phase 3 or Instant Funding) will be capped to a profit split of 25%, with no scaling options. When all losses have been covered by Finotive Funding’s 75% profit share, the Trader will be reinstated...

Btw, the payout in Funotive was the fastest one I ever experienced in all prop firms.
  • #12,045
  • Nov 2, 2022 4:38am Nov 2, 2022 4:38am
Quoting Vitore
{quote} I have but I don't like it so much as you cannot withdraw the profit if you choose to scale. Also, you can only have 3 open positions at the time with them. If you open 4th even by mistake you loose your account.
And have to have stop losses in all positions. They say that here and there you may miss it and they will let it pass, but you're on their hands with too much arbitrary decisions.
  • #12,046
  • Edited Nov 16, 2022 12:45am Nov 2, 2022 4:50am | Edited Nov 16, 2022 12:45am
Quoting Capablanca
{quote} That's not as good as it seems. First: {quote} Source: https://finotivefunding.com/terms-and-conditions Let's focus on what you highlight of 200K. With 200K you have a DD of 20K. With 340K you have a DD of 34K To go from 200K to 340K you have to make 8% profit, which is 16K, and you fully forfeit it, as per conditions. So you make 16K profit (forfeit) and they provide 14K additional DD. It's a bad deal IMO. Not sure if relevant but scaling is not allowed with EAs: {quote} Just a final note: Finotive Funding is a good company to...
Yep, they have a lot of rules, and it's not good that you need to invest your own profit for a scale-up. Found a good website and review that have all rules in one place
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  • #12,047
  • Nov 2, 2022 5:22am Nov 2, 2022 5:22am
Quoting Vitore
{quote} Actually they scale both. With every profit split they increase your DD by 1% up until 14% but they also put back the whole profit you made on your account as a balance increase. So your DD increases twice E.g. you start with 250k / 8% and make say 10k for every profit split. Your account balance and DD increases like that: 250k - 8% - DD 20k 260k - 9% - 23.3k 270k - 10% - 27k 280k - 11% - 30.8k 290k - 12% - 34.8k 300k - 13% - 39k 310k - 14% - 43.4k 320k - 14% - 44.8k ... further on your DD% stays at 14% but your balance scales up until...
the problem is that are not clear in their website the rules

Which is the amount of % profit or $ profit we have to do to receive this 1% scale up of drawdown?
in holiday till end of November
  • #12,048
  • Nov 2, 2022 5:26am Nov 2, 2022 5:26am
Quoting trader888888
{quote}Found a good website and review that have all rules in one place https://forexpropreviews.com/Proprie...otive-funding/
Good summary and reviews but some info is incorrect or outdated. You always need to double check what you read there
Money is made by sitting, not trading
  • #12,049
  • Edited 5:55am Nov 2, 2022 5:27am | Edited 5:55am
Quoting trader888888
{quote} Yep, they have a lot of rules, and it's not good that you need to invest your own profit for a scale-up. Found a good website and review that have all rules in one place https://forexpropreviews.com/Proprie...otive-funding/
problem of finotive is the rules, they have rules for risk position etc etc

perhaps few trustpilot review

I didn't list them in my list for now and I will wait in the future if all speaks about them

Also, we are waiting to know the destiny of The Prop Trading that is in ban-list mode right now.
in holiday till end of November
  • #12,050
  • Nov 2, 2022 5:33am Nov 2, 2022 5:33am
Quoting prop.kid
Hello, does anyone here have an account that is more than 1 year age?
yes
  • #12,051
  • Nov 2, 2022 6:03am Nov 2, 2022 6:03am
Quoting Takisd
{quote} yes
thanks for reply, site please
  • #12,052
  • Nov 2, 2022 6:25am Nov 2, 2022 6:25am
Quoting Takisd
{quote} yes
At which firm and what account size?
  • #12,053
  • Nov 2, 2022 6:51am Nov 2, 2022 6:51am
Quoting trader888888
{quote} At which firm and what account size?

Max at ftmo and mff.
  • #12,054
  • Nov 2, 2022 7:27am Nov 2, 2022 7:27am
I made better my formula

Before i was giving a penalty based on the lower daily stop loss that it is a big risk, while the total stop loss is already used by all of you.
Now, I give also a bonus to has a target below the average that is usally 10%.

now I get a much better picture and is coming up also E8 Funding that many name.

So it sound now much better, also many programs are ranked at the same level, this is another confirm that are well balanced all the factors.

I know, for E8 funding remember that some users says that the ELEV8 program is less interesting for scaling like the E8 standard.

While for FundedTradingPlus something about the drawdown rules not perfect for every users and also sometime the daily stop at the beginning too low.

https://docs.google.com/spreadsheets...it?usp=sharing
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in holiday till end of November
  • #12,055
  • Nov 2, 2022 8:04am Nov 2, 2022 8:04am
Quoting Vitore
{quote} Actually they scale both. With every profit split they increase your DD by 1% up until 14% but they also put back the whole profit you made on your account as a balance increase. So your DD increases twice E.g. you start with 250k / 8% and make say 10k for every profit split. Your account balance and DD increases like that: 250k - 8% - DD 20k 260k - 9% - 23.3k 270k - 10% - 27k 280k - 11% - 30.8k 290k - 12% - 34.8k 300k - 13% - 39k 310k - 14% - 43.4k 320k - 14% - 44.8k ... further on your DD% stays at 14% but your balance scales up until...
On all programs? I was under impression it was the Elev8 program only. That is awesome, if it's across the board.
  • #12,056
  • Nov 2, 2022 8:10am Nov 2, 2022 8:10am
Quoting pipmaster77
{quote} On all programs? I was under impression it was the Elev8 program only. That is awesome, if it's across the board.
Yes, it's on all programs. They advertise ELEV8 as ideal for scaling but it actually offers less scaling benefits than E8. Its only advantage is you can reach 90:10 profit split eventually
Money is made by sitting, not trading
  • #12,057
  • Nov 2, 2022 8:11am Nov 2, 2022 8:11am
Quoting trader888888
{quote} At which firm and what account size?
Today I need to choose with who to start, is my first time,
I need help from all of you, I will tell my trading style and what I need so I will choose the best

1. I will trader as scalper mainly, I'm quite aggressive on the trades I believe, usually I trade counter trend (75%+ or the times) while less frequently in trend.
2. I will use a stop loss on every trade with ROZN SLTP EA
3. I believe I will do thousands of lots, so better may be a prop with lowest fees per lot
4. Fees is not all, the problem is the spread, so the one that have the better ratio spread-fee per lot
5. If has direct crypto withdrawl without deel better, because I don't know deel and I would lose time in payout right now at the beginning
6. If I can trade OIL is better, because there lots of opportunities (of course indexes), while VIX is not so much a problem, but if I could have it also better.
7. TradingView: an access to trading view would be better so after the most difficult phase of challenge, when funded, I can concentrate also on swing trading and
overnight to train myself on something new. Again, trading view and vix could be sacrificed right now and I could leave for a second account at a later date.
8. About profit target: of course 8% profit target could be better of 10% but not worried so much about it because as I get some profit I can push more, however
this 2% difference in just 20-21 trading days can do for sure statistically some difference.
9. Payout: I would like to arrive to a payout sooner, to get some cash to survive.
10: Merge accounts: sometime merge rule are complicate, also after I get funded my account, I would like a program that allow me to part the funded account and trade less time, and get concentrated on a new challenge with the goal to merge more accounts possible, let's say this 2-3 timex max as per standard rules around.

This is all. This is my last message and stress for you, I just ask to help me at the best to start with this.
My situation is dramatic, I'm a very well experienced trader but I run out of money due to a scam had my family in 2018 by a royal family of one EU country... and I have to wait the court and law to get back my money, several millions $..
So at the moment I'm in a big difficulty and I have to do my best to use prop money to start and get quickly a payout.

This is my short story, I will you the best trading! thank you for all the support and tips you game me and hope to help back with my ideas and views in the future as I get more experience in prop world. https://docs.google.com/spreadsheets...it?usp=sharing
in holiday till end of November
  • #12,058
  • Nov 2, 2022 8:13am Nov 2, 2022 8:13am
hi guys,

have you heard of https://apextraderfunding.com/ ?
they have monthly subscription, quite expensive, but they have a 80% discount code for the 1st month and 60% for the rest..

just got it today from a telegram group
  • #12,059
  • Nov 2, 2022 8:16am Nov 2, 2022 8:16am
Quoting Vitore
{quote} Yes, it's on all programs. They advertise ELEV8 as ideal for scaling but it actually offers less scaling benefits than E8. Its only advantage is you can reach 90:10 profit split eventually
My view on ELEV8 is that, once you get a buffer as drawdown, thanks to that 14% that may be is the best of all prop firms, you can go very speculative.
Let's say that with a 14% drawdown you have 2.5% or more the average of others program at some point, so theoretically, risking more, you could push and
that profit target will be also like 2.5 times less the standard so let's say a 6-7%.
I could like that, to receive 100K more for the risk, but we are talking always about risk, may be this risk can get you in some trouble, or may be not, you just need to get used to trade with 2, 3 times your usual risk. At the end is all based on winning ratio, profit factor etc etc and to don't get your stop.
Also with ELEV8 you save 100$ fee at beginning and get 10% more split.
in holiday till end of November
  • #12,060
  • Nov 2, 2022 8:31am Nov 2, 2022 8:31am
Quoting prop.kid
Hello, does anyone here have an account that is more than 1 year age?
I have been "in and out" of FTMO since june 2020, MFF since July2021. Just recently acquired TFF and TFTP. By "in and out" means I've been funded, earned profit (big and small), blown accounts. Making money while still adjusting to the prop space.
Now, realizing the time (not the money, as that is always reinvested profit) it takes to get funded, I have adjusted my risk on live accounts to never lose one again. However, I also have accounts I will go all-in on. Once you have multiple accounts and money coming in, not a big deal to blow an account or two. Payouts will be smaller in general, aside from the all-in trades, but goal is to obtain 2-2.5 million across the 5 firms I ALWAYS mention, grind out 1% per week, scale the 25-30% every 3-4 months and earn high 6 figures until my brain deteriorates to the point of not being able to trade OR the government taking away the 3RD thing in my life to prevent me from providing for my family.
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