Prop Firm Hub | Page 641 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #12,801
  • Dec 4, 2022 4:40am Dec 4, 2022 4:40am
Quoting Takisd
True, but you have to think more about the opportunity.
-Yes, but even when considering the opportunity, most of us can still only speculate about what the real numbers actually look like. The truth is, we just do not know. If I had to guess, though, I would say that it is becoming more difficult for firms, rather than more easy.

Maybe it will get to a point where things become more stable and normalize and become easier to predict, however. At that point, the growth of any new firm will likely not be as significant as what we have seen in the past. But I do think that it is still possible for a new firm to become the next big thing over time.

As with most things, the long-term survivability of these firms will be dependent on their willingness and ability to evolve and adapt.
  • #12,802
  • Dec 4, 2022 5:23am Dec 4, 2022 5:23am
Attached Image (click to enlarge)
Click to Enlarge Name: MyfxBook.jpg Size: 67 KB
https://passmypropfirms.xyz
FTMO 200K Challenge (Passed) All Time Return: 10.3%
  • #12,803
  • Dec 4, 2022 7:23am Dec 4, 2022 7:23am
Hi guys,

I am planning new challenge account with TFF.

Currently i am trading 1xMFF, 2XTFT accounts.

It may not be possible to trade individually TFF account,

Is copy trading allowed from external account to TFF ?

Sure many will be trading multiple accounts.

Pl share how you manage multiple account trading.

I am now trading in MFF and copying to 2x TFT accounts thro copier
Intraday only.
  • #12,804
  • Dec 4, 2022 7:24am Dec 4, 2022 7:24am
Quoting Isabella_D
{quote} An advent calendar is not a cow that you milk once a year and then have a cheese factory for 100 years. It's a little light in these dark days (Europe) where you're amazed at a little surprise and maybe you can say: good idea, surprise succeeded. Do we have to turn a wooden hut into a skyscraper in our dreams? You will feel little joy if you think like this.
My dear I feel lots of joy thank you. I have wonderful BF and Christmas offers to consider from all of your competitors. FTMO very rarely have decent offers and this time is no different. And the chances of winning one of these "give away challenges is one in thousands so I don't consider it very wonderful at all. Sorry about that - better luck next time!
  • #12,805
  • Dec 4, 2022 7:36am Dec 4, 2022 7:36am
Quoting Nsak3y
{quote}-To be fair, though, perhaps this is easier for you to understand. But for most of us, we have little idea about what they are working with. We can only go by the numbers/statistics, which generally look pretty favorable. Probably, many of us learn more about the behind-the-scenes stuff from you than from anywhere else. {quote}-I cannot speak about gold, but indices respond very well to indicators and can be traded on the lower time-frames. Use higher time-frames to gauge direction and lower time-frames for entry/exit. You will see that the...
I agree. I trade DOW and NAS, ADR currently 450 and 250, but these were 700 and 500 earlier this year. For me, this allows smaller positions with great R:R. Very often, the high/low is in BEFORE they actually open at 9:30 ET. Quite often you can get a straight shot (without news) of 150-200 pips. On my "riskier" accounts, I often scalp with larger positions as well.
  • #12,806
  • Dec 4, 2022 7:49am Dec 4, 2022 7:49am
Quoting Nsak3y
{quote}-Yes, but even when considering the opportunity, most of us can still only speculate about what the real numbers actually look like. The truth is, we just do not know. If I had to guess, though, I would say that it is becoming more difficult for firms, rather than more easy. Maybe it will get to a point where things become more stable and normalize and become easier to predict, however. At that point, the growth of any new firm will likely not be as significant as what we have seen in the past. But I do think that it is still possible for...
IMO, as this space evolves, it will condense down to 4-5 firms. I use the firms I personally believe it will condense to. As Takisd has stated, there is no more room.....new firms are too late as they cannot provide a better offer AND be profitable, therefore how to take traders from the established firms? The existing smaller ones will either fold or be gobbled up by the larger ones. The latter would be smartest for all involved....if a firm is failing, a larger, more profitable firm covers it's liabilities AND takes their client base......smart as no unwarranted attention from regulators regarding failures and folks not getting paid benefits the surviving firms.
Just thinking out loud here, but this is how I am playing it....sticking with the large, established firms such as MFF,FTMO,TFTP,E8, not sure if TFF is big enough to survive, but I've had great experience with them as well. Max 'em all, take the discretionary income and trade low risk in my personal futures account.
  • #12,807
  • Dec 4, 2022 7:56am Dec 4, 2022 7:56am
Quoting PinkuBD
{image}
You're going to be rich....no need to sell that EA
  • #12,808
  • Dec 4, 2022 8:19am Dec 4, 2022 8:19am
Quoting pipmaster77
new firms are too late as they cannot provide a better offer AND be profitable, therefore how to take traders from the established firms?
-If I may also think out loud a bit here, perhaps we must consider two things.

One, being that there will be always new traders entering the market, and therefore, incentive for new firms to join the pool. Just look at how many broker offerings there are. People also like to mitigate risk through fund diversity.

The other, being that we cannot assume that the current models are the best.

I like to think of it like my old ISP that used to have a monopoly here where I live. Their reliability was not the best and their customer service evolved into something horrific, meanwhile, their prices just kept increasing. They knew that there was nothing that we could do about it. That was until a new provider came along, offering fiber. The rest is history.

In terms of prop firms, maybe there is no better model, and the best systems have already been discovered. But I just struggle to believe that. Not to say that the top firms will not remain as the top. But they may need to evolve in order to remain there.

Although I cannot speak about the actual numbers that these firms are seeing, in order to present any claims that they can or cannot do any better, I can remember MFF talking specifically about how their profits were significant enough for them to easily break away from any dependence or reliance on 3rd-party investor funds.

But, as always, we can really only speculate about these things, as most of these firms are so tight-lipped about their business model. Probably, if they are keeping things so close to the vest, then they have something meaningful to hide.

As such, I suspect that the actual profitability might surprise many of us. I could be wrong, but the data seems to lean that way for me. But I also do not possess any insider knowledge about these things to say otherwise.
  • #12,809
  • Dec 4, 2022 8:31am Dec 4, 2022 8:31am
Quoting Nsak3y
{quote}-If I may also think out loud a bit here, perhaps we must consider two things. One, being that there will be always new traders entering the market, and therefore, incentive for new firms to join the pool. Just look at how many broker offerings there are. People also like to mitigate risk through fund diversity. The other, being that we cannot assume that the current models are the best. I like to think of it like my old ISP that used to have a monopoly here where I live. Their reliability was not the best and their customer service evolved...
I do hope I am wrong and better competition comes along....this would be ideal for traders........more firms and the established ones forced to be more competitive as well. I am just not planning on it, I feel it necessary at this time to plan for my original speculation....condensed down to 4-5 with these being the best that can be offered. If I am wrong, don't really need a plan for that.....my existing firms will be better and I'll be able to diversify further.
However, if you are funded with the big ones now........I do not believe we are ever going to get more than a 90% split. Therefore, the only thing that would improve would be the challenge model and/or scaling once funded.
  • #12,810
  • Dec 4, 2022 8:44am Dec 4, 2022 8:44am
Quoting pipmaster77
I am just not planning on it, I feel it necessary at this time to plan for my original speculation....condensed down to 4-5 with these being the best that can be offered. If I am wrong, don't really need a plan for that.....
-Yes, I agree; I do not think that anyone is planning on it. I also think that it will not matter much for those that are approaching this correctly.

I have never been the type to establish assumptions or ideas that may be limiting in nature. I like to keep an open mind and consider all possibilities. As such, I will likely hold on to the idea or possibility that there is still room for improvement...at least until I am shown otherwise. But as you say, whether there is, or there isn't, more room for improvement, doesn't really matter in terms of strategy and certainly will not alter my approach.
  • #12,811
  • Dec 4, 2022 8:48am Dec 4, 2022 8:48am
Quoting Nsak3y
{quote}-To be fair, though, perhaps this is easier for you to understand. But for most of us, we have little idea about what they are working with. We can only go by the numbers/statistics, which generally look pretty favorable. Probably, many of us learn more about the behind-the-scenes stuff from you than from anywhere else. {quote}-I cannot speak about gold, but indices respond very well to indicators and can be traded on the lower time-frames. Use higher time-frames to gauge direction and lower time-frames for entry/exit. You will see that the...
Frankly speaking, I never traded US30 anytime, But i know prop firm traders trade a lot this instrument.

I will have check how it works out thro FTMO demo account.
Intraday only.
  • #12,812
  • Dec 4, 2022 12:46pm Dec 4, 2022 12:46pm
Quoting navk
Is copy trading allowed from external account to TFF ?
yes they allow copy trading as long as the master is your account (though they never checked it in my case)
Money is made by sitting, not trading
  • #12,813
  • Dec 4, 2022 5:27pm Dec 4, 2022 5:27pm
Quoting pipmaster77
{quote} IMO, as this space evolves, it will condense down to 4-5 firms. I use the firms I personally believe it will condense to. As Takisd has stated, there is no more room.....new firms are too late as they cannot provide a better offer AND be profitable, therefore how to take traders from the established firms? The existing smaller ones will either fold or be gobbled up by the larger ones. The latter would be smartest for all involved....if a firm is failing, a larger, more profitable firm covers it's liabilities AND takes their client base......smart...
Hi Friend,

What kind of issues you faced with TFF ?

I knew you traded with them.

I too traded with them and what I noticed was platform freeze especially during high impact news and price filling ( slippagae )

I am not trying to defend any firm, I just wanted to know before I start with them again.
Intraday only.
  • #12,814
  • Edited 6:40pm Dec 4, 2022 5:28pm | Edited 6:40pm
Quoting Vitore
{quote} yes they allow copy trading as long as the master is your account (though they never checked it in my case)
Thanks.

TFF replied straight forward saying copy trading is allowed as long as the other account is mine.

However, MFF does not say so.

MFF reply :
You are allowed to use a trade copier as long as you are copying your own trades from your own accounts.
It is NOT allowed if you are copying trades from another source
For example: another person or trade signals.

We discourage copying trades from others as we want to be able to gauge YOUR trading skills.

Please keep in mind that we have a script that automatically flags the account when it detects similar trading of another person (outside of your profile).
For example: same entry, stop loss and take profit placed at the same time within a few milliseconds
Best regards,
Vardal
Customer Support
www.myforexfunds.com
Intraday only.
  • #12,815
  • Edited 9:50pm Dec 4, 2022 6:48pm | Edited 9:50pm
My question to MFF is whether I am allowed to copy trade from account of mine ( from external )

They replied outside of source is not allowed.

So, in simple terms, MFF do not allow copy trading from account of mine given by other prop firm to MFF
Intraday only.
  • #12,816
  • Dec 4, 2022 7:19pm Dec 4, 2022 7:19pm
Quoting navk
My question to MFF is whether I am allowed to copy trade from account of mine ( from external ) They replied outside of source is not allowed. So, in simple terms, MFF do not allow copy trading from my account of mine given by other prop firm.
Majority of the time I use MFF as my master account. However there were times I was using FTMO as master and MFF as slave. Never had a problem. The problem they have is if they see identical trades being taken on another account. If you're copying from you're own then you're fine.
Trade with confidence, trade without fear.
  • #12,817
  • Dec 4, 2022 7:38pm Dec 4, 2022 7:38pm
Quoting Cryptosurf
{quote} Majority of the time I use MFF as my master account. However there were times I was using FTMO as master and MFF as slave. Never had a problem. The problem they have is if they see identical trades being taken on another account. If you're copying from you're own then you're fine.
ok.

I do the same way currently.

I use MFF as master
Intraday only.
  • #12,818
  • Dec 4, 2022 8:40pm Dec 4, 2022 8:40pm
Quoting navk
{quote} Hi Friend, What kind of issues you faced with TFF ? I knew you traded with them. I too traded with them and what I noticed was platform freeze especially during high impact news and price filling ( slippagae ) I am not trying to defend any firm, I just wanted to know before I start with them again.
Yes, there are random platform freezes. I'm not even sure if it is intentional and doesn't really affect me. Only one time I was in a trade I was wishing to close and it actually worked in my favor, as it wound up a few pips above my TP when it actually closed.
  • #12,819
  • Dec 5, 2022 2:32am Dec 5, 2022 2:32am
trade copier (duplikum) vs social trader tool, who tested both? which is the best of the two?
in holiday till end of November
  • #12,820
  • Dec 5, 2022 2:58am Dec 5, 2022 2:58am
Quoting navk
My question to MFF is whether I am allowed to copy trade from account of mine ( from external ) They replied outside of source is not allowed. So, in simple terms, MFF do not allow copy trading from account of mine given by other prop firm to MFF
I used Duplikium from my own IC Markets account (master) to MFF (slave) and they did not have problems with that. But it was Evaluation account only (I didn't proceed to funded)
Money is made by sitting, not trading
50 traders viewing now