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  • #13,321
  • Jan 3, 2023 6:07am Jan 3, 2023 6:07am
Quoting Takisd
{quote} My MFF live account is over a year old, so I don't think your statement is accurate but I would be interested to see evidence of it outside of news time.
You probably became a VIP member then. Congratulations.
  • #13,322
  • Jan 3, 2023 6:32am Jan 3, 2023 6:32am
Quoting Vitore
{quote} Honestly, I don't know. I always believed Spotware was NOT using generic pricing on the demo accounts and therefore that the cheating techniques from MT did not work with cTrader demo accounts. I never tried using them, I can only say the demo accounts "feel" very much the same like the live accounts. How exactly this is achieved I don't know but I assumed the "simulation" takes place on the Spotware side so that brokers cannot manipulate it. Even when b-booking (DD, market maker model, whatever it is called) is used by the broker, the trading...
I promise you in the little testing I have used on c-trader and the usage on from the management side, the feeds are no better/worse than metatrader feeds.
  • #13,323
  • Jan 3, 2023 12:10pm Jan 3, 2023 12:10pm
Quoting HengkiTjen
Anyone Can you share ranging market strategy?
Id say visit the systems forum on here. most people in here aren't going to give away what hey have unless they've posted it there
  • #13,324
  • Jan 3, 2023 12:15pm Jan 3, 2023 12:15pm
Quoting Takisd
{quote} My MFF live account is over a year old, so I don't think your statement is accurate but I would be interested to see evidence of it outside of news time.
It depends, MyFF is pretty good on indices (with occasional slippage) but forex it is consistent 0.003 slippage on forex pairs on market orders.
They have some algo running on background which identifies account size and apply slippages. I have seen 10$ US30 slippage on 20K (10 lots) during asian market hours when market didn't move and placed same order on 200K account with no slippages.
Also if account is brand new I dont see any slippage once profit starts like 10% threshold slippage becomes noticeable.
  • #13,325
  • Jan 4, 2023 9:07am Jan 4, 2023 9:07am
Quoting sampat
{quote} It depends, MyFF is pretty good on indices (with occasional slippage) but forex it is consistent 0.003 slippage on forex pairs on market orders. They have some algo running on background which identifies account size and apply slippages. I have seen 10$ US30 slippage on 20K (10 lots) during asian market hours when market didn't move and placed same order on 200K account with no slippages. Also if account is brand new I dont see any slippage once profit starts like 10% threshold slippage becomes noticeable.
I have not the same experience as you and I have been profitable with them for over a year. I get some slippage sometimes but thats normal. Your conspiracy about some algo thing targeting your profits is not a thing mate.

If there is a slippage setting in the server its based on volume and not based on whether or not you are profitable.
  • #13,326
  • Jan 4, 2023 10:29am Jan 4, 2023 10:29am
What is „tick scalping“ and why is this forbidden by some?
  • #13,327
  • Jan 4, 2023 11:31am Jan 4, 2023 11:31am
Quoting lddd
What is „tick scalping“ and why is this forbidden by some?
Opening or closing a trade based on ticks, usually works only on demo or b-book accounts. Makes sense for props to forbid those EA's but banning normal EA's does not make any sense. For example MFF allows you to place a trade copier on you account but not the EA itself. A trade copier is usually an EA which can copy also pending orders from the sending account so why ban placing the EA directly on the trading account? I have been trying to get an answer from MFF about this but in vain. Looks like they just want to do their best in preventing you performing well.
  • #13,328
  • Jan 4, 2023 11:51am Jan 4, 2023 11:51am
Quoting TraderTero
A trade copier is usually an EA which can copy also pending orders from the sending account so why ban placing the EA directly on the trading account? I have been trying to get an answer from MFF about this but in vain. Looks like they just want to do their best in preventing you performing well.
Thanks for your explanation.

I didn’t know MFF disallows EAs, thought it would be okay to use. A lot of basic trade management tools come in the form of an EA.

Update: They aren’t generally forbidden. Read: https://myforexfunds.com/faq/can-i-u...-advisors-eas/
  • #13,329
  • Edited Jan 5, 2023 2:15am Jan 4, 2023 6:07pm | Edited Jan 5, 2023 2:15am
Quoting lddd
What is „tick scalping“ and why is this forbidden by some?
I chatted with MFF support about tick scalping EAs last month because some of the EAs I make place a lot of orders with few points takeprofit and I didn't want to get banned by breaking a rule so I asked what exaclty they considered tick scalping and they just said that I shouldn't worry because their software prevents tick scalping.

FTMO on the other side has a 2000 by day restriction to place or modify an order and they send you a warning email that they will terminate your account when you cross that number if you continue doing it so I don't use my EAs there anymore.
  • #13,330
  • Jan 4, 2023 7:00pm Jan 4, 2023 7:00pm
After all, which prop firms do you all trust?
  • #13,331
  • Jan 4, 2023 9:44pm Jan 4, 2023 9:44pm
Quoting Sangui
{quote} I chatted with MFF support about tick scalping EAs last month because some of the EAs I make place a lot of orders with few points takeprofit and I didn't want to get banned by breaking a rule so I asked what exaclty they considered tick scalping and they just said that I shouldn't worry because their software prevents tick scalping. FTMO on the other side has a 2000 by day restriction to place or modify an order and they send you a warning email that they will terminate your account when you bypass that number if you continue doing it so...
I've had to change ea's that were modifying sl/tp with each tick, because of the excessive messages generated...
can't recall who complained. Lux, iirc.
But it's not a bad idea to reduce the load, anyway,
so I
changed em to every bar.
  • #13,332
  • Jan 4, 2023 10:57pm Jan 4, 2023 10:57pm
Quoting jr0450194
After all, which prop firms do you all trust?
I’ll stick to FTMO.
Be like water, my friend!
  • #13,333
  • Jan 5, 2023 2:38am Jan 5, 2023 2:38am
Quoting lddd
{quote} Thanks for your explanation. I didn’t know MFF disallows EAs, thought it would be okay to use. A lot of basic trade management tools come in the form of an EA. Update: They aren’t generally forbidden. Read: https://myforexfunds.com/faq/can-i-u...-advisors-eas/
Banned for accelerated accounts though:

For Accelerated accounts:
EAs are not allowed in this program.
The only exceptions to this rule are trade copiers and Risk Management EAs.
Accounts you are copying from must also not use prohibited EAs.
  • #13,334
  • Jan 5, 2023 6:52am Jan 5, 2023 6:52am
Quoting TraderTero
{quote} Banned for accelerated accounts though: For Accelerated accounts: EAs are not allowed in this program. The only exceptions to this rule are trade copiers and Risk Management EAs. Accounts you are copying from must also not use prohibited EAs.
Are they still offering instant funding? I thought they had discontinued. Anyway I have to agree with most people here that say its a waste of money. To make 10% profit consistently without experience more then 5% loss is practically impossible I think
  • #13,335
  • Jan 5, 2023 7:38am Jan 5, 2023 7:38am
Quoting Bizziebee
{quote} Are they still offering instant funding? I thought they had discontinued. Anyway I have to agree with most people here that say its a waste of money. To make 10% profit consistently without experience more then 5% loss is practically impossible I think
They still offer instant funding (https://myforexfunds.com/accounts/accelerated-program/)
Survival intelligence is more important than entry intelligence
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  • #13,336
  • Jan 5, 2023 3:49pm Jan 5, 2023 3:49pm
I'm looking at going down the Prop route, but would like a firm that does not time limit.... or long time limit. My strategy can provide a 8-10%/month. But this is not often, so don't wont to waste money on "getting lucky" with a particular month.
I have come across 5%ers which has the low risk instant funding, what's everyone's thoughts on this? Or has anyone got any recommendations for any firms that provide the long time frame challenge, and moving forward, whether they have been good with payouts etc.
Any help is much appreciated
  • #13,337
  • Jan 5, 2023 5:23pm Jan 5, 2023 5:23pm
Quoting den83c
I'm looking at going down the Prop route, but would like a firm that does not time limit.... or long time limit. My strategy can provide a 8-10%/month. But this is not often, so don't wont to waste money on "getting lucky" with a particular month. I have come across 5%ers which has the low risk instant funding, what's everyone's thoughts on this? Or has anyone got any recommendations for any firms that provide the long time frame challenge, and moving forward, whether they have been good with payouts etc. Any help is much appreciated
Lux may be an option.
Search out all the Lux discussions here if their offering looks good. I tried, but did not succeed in the long run, but it may suit you.
Positives: no time limit, 6% goal with 4% dd allowed, reasonable trading conditions, good scaling plan.
Negatives: The 4% dd is trailing. Must declare and then trade asset classes and sizes... i.e. if trading indices, forex pairs and metals are not an option. If you trade 1 lot usually, trading 0.1 or 10 lots may get you denied. Expert advisors must be pre-approved and written by you. Small account sizes for the price( which is offset if you succeed and scale). Not popular or praised here.

These were from a year or two ago... things may have changed and my memory may be imperfect.
  • #13,338
  • Jan 5, 2023 9:49pm Jan 5, 2023 9:49pm
Quoting den83c
I'm looking at going down the Prop route, but would like a firm that does not time limit.... or long time limit. My strategy can provide a 8-10%/month. But this is not often, so don't wont to waste money on "getting lucky" with a particular month. I have come across 5%ers which has the low risk instant funding, what's everyone's thoughts on this? Or has anyone got any recommendations for any firms that provide the long time frame challenge, and moving forward, whether they have been good with payouts etc. Any help is much appreciated
It is not good to have a strategy based on luck mate.
  • #13,339
  • Jan 5, 2023 11:52pm Jan 5, 2023 11:52pm
Quoting den83c
I have come across 5%ers which has the low risk instant funding, what's everyone's thoughts on this? Or has anyone got any recommendations for any firms that provide the long time frame challenge, and moving forward, whether they have been good with payouts etc. Any help is much appreciated
-Instant funding is not recommended for most.

Traders With Edge has a one-step challenge that gives you 1-year to complete. Their two-step challenge gives you up to 120 days for phase-1 and 60 days for phase-2.

There are also some other, one-step challenges that are popping up recently that give you more time, but I have not looked at them much.
  • #13,340
  • Jan 6, 2023 2:07am Jan 6, 2023 2:07am
Quoting den83c
I'm looking at going down the Prop route, but would like a firm that does not time limit.... or long time limit. My strategy can provide a 8-10%/month. But this is not often, so don't wont to waste money on "getting lucky" with a particular month. I have come across 5%ers which has the low risk instant funding, what's everyone's thoughts on this? Or has anyone got any recommendations for any firms that provide the long time frame challenge, and moving forward, whether they have been good with payouts etc. Any help is much appreciated
I’ve just opened with Funded Trading Plus using the Advanced Programme.

It is two stage 10 and 5% with 10% max DD and 5% daily DD.

Have a good read of the rules and to be fair to them everything is very clear.

I don’t like the relative trailing but it’s not really a problem for me. You do need to adjust your mindset away from other prop trading expectations though.

They don’t allow EAs that use ticks including trade managers…. If you are a manual trader you have to place a stop at the same time as your order (advanced programme) and no weekend trades.

Fee is refunded at 10% on live, no biggie for me but for some it might be.

They also offer a programme with better trading conditions but much lower drawdown and single phase (experienced).

The big thing for me is no time limit and seemingly a genuine attitude to working with traders not prop gamers. They are a small outfit and the owners are accessible if you need them.
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