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  • #13,881
  • Feb 9, 2023 9:55am Feb 9, 2023 9:55am
Quoting Takisd
Its part of this whole E8 TFT thing where they are sharing details with each other to find people who are long on one prop and short on other to make big profit.
-This is disconcerting. I suppose that this could go both ways. On the one hand, it could deter traders from doing stupid things like this. On the other hand, it could be seriously abused by firms. I cannot imagine having to set up a different LLC for each firm that I trade for, just so that I can retain my privacy and avoid getting put on a list of some kind.
  • #13,882
  • Feb 9, 2023 9:56am Feb 9, 2023 9:56am
hello guys, anyone have any idea why i cant change the investor password for mff
  • #13,883
  • Edited 10:47am Feb 9, 2023 10:21am | Edited 10:47am
Quoting Nsak3y
{quote}-Exactly right. And if you elect to also go with the static max option, you can create some serious padding on your account.
Yes, a decent withdraw plan, maybe every 2% gain, withdraw half, leave the rest, next scale up withdraw the remainder, then take the risk on the 5% DD allowance and continue build back up with 2% gain withdraw 1% up to the next scale, something I'm working on... pad it, scale it and pull it... this is what it's about for me, not chasing one hit wonders

Edit: really encouraging there are more prop firms with some creative offerings, these are good signs and long may it continue. They need to make money from trade profits if they are going to stick around for longer than a couple of summers.
  • #13,884
  • Feb 9, 2023 10:41am Feb 9, 2023 10:41am
Quoting youngD
{quote} Had exactly same situation with MFF. Chat didn't know how to sort it. I emailed Connor from MFF but he said the rule is there and says clearly how it is calculated,he cannot help... Stupid thing for me as well
Well, it seems this case was no different :-) Stupid indeed just ridiculous discussion leading back to the same arguments - our server shows this, what you did in MT4 is irrelevant, rule was breached. End of story. I can understand their stance. If they said we don't give a sh*t about what you did in MT, we have our own truth, we could save all the drama. But it would be no fun. At least I know they're on par with all the other noname prop firms when it comes to complains.

Anyways - are you still with EverTrader? They advertise some Analyst app which shows some "insider" transactions they call it. Have you seen it and is of any real value?
Money is made by sitting, not trading
  • #13,885
  • Feb 9, 2023 11:06am Feb 9, 2023 11:06am
Quoting Takisd
{quote} Its part of this whole E8 TFT thing where they are sharing details with each other to find people who are long on one prop and short on other to make big profit. Its one of the reasons im stepping away from trading anywhere but FTMO and MFF rn. I haven't done that but i also do not want to get caught up in the fuss.
What a privacy breach
  • #13,886
  • Feb 9, 2023 11:58am Feb 9, 2023 11:58am
Quoting Takisd
{quote} Its part of this whole E8 TFT thing where they are sharing details with each other to find people who are long on one prop and short on other to make big profit. Its one of the reasons im stepping away from trading anywhere but FTMO and MFF rn. I haven't done that but i also do not want to get caught up in the fuss.
This is serious privacy stuff because they may be sharing names, addresses, emails, besides all trading history. One doesn't know where our data is circulating.
They don't even know if we are customer of the other prop and still sharing it.
It's not just TFT and E8. Funded Next is also doing that. They assumed this in their Discord:
"We are already collaborating with other prop firms which are taking similar actions. Together we want to put an end to these abusive practices."
And MFF apparently also detected this in several countries so probably are also participating.
And who knows if there are more...
  • #13,887
  • Feb 9, 2023 1:02pm Feb 9, 2023 1:02pm
Quoting Capablanca
{quote} This is serious privacy stuff because they may be sharing names, addresses, emails, besides all trading history. One doesn't know where our data is circulating. They don't even know if we are customer of the other prop and still sharing it. It's not just TFT and E8. Funded Next is also doing that. They assumed this in their Discord: "We are already collaborating with other prop firms which are taking similar actions. Together we want to put an end to these abusive practices." And MFF apparently also detected this in several countries so...
Good luck with that. Highly likely that the arb guys have been using different names and IP addresses in the arb accounts. They would have to compare a huge number of accounts and find exact matches for hedged trades. The end result will probably be that they will use arb as an excuse not to pay profitable traders. Many brokers do that already. They should instead have systems which make arb not working. One problem for props is that they use demo accounts which seem to be working well with arb.
  • #13,888
  • Feb 9, 2023 1:26pm Feb 9, 2023 1:26pm
Quoting Capablanca
{quote} This is serious privacy stuff because they may be sharing names, addresses, emails, besides all trading history. One doesn't know where our data is circulating. They don't even know if we are customer of the other prop and still sharing it. It's not just TFT and E8. Funded Next is also doing that. They assumed this in their Discord: "We are already collaborating with other prop firms which are taking similar actions. Together we want to put an end to these abusive practices." And MFF apparently also detected this in several countries so...
It seems to me that the FTMO, who basically "invented" this business, remains the only serious company which can (still?) be trusted. I start to have a feeling that this whole industry may not survive for much too long
Money is made by sitting, not trading
  • #13,889
  • Feb 9, 2023 2:08pm Feb 9, 2023 2:08pm
I already explained it a while ago but the props waste their time trying to detect this kind of practice. Indeed, a single person who bets randomly (or a monkey) on a single account will in the long run obtain exactly the same result as those who cheat. Worse, it will even be better (less fees) Should monkeys be banned after the hedging fans ?
  • #13,890
  • Feb 9, 2023 3:22pm Feb 9, 2023 3:22pm
Quoting Nsak3y
{quote}-Exactly right. And if you elect to also go with the static max option, you can create some serious padding on your account.
Yes of course. That could make a huge difference especially when one gets to funded stage. I presume the benefit applies to the funded stage too? Hope so - will have to check
  • #13,891
  • Feb 9, 2023 3:22pm Feb 9, 2023 3:22pm
Best prop for forex traders with lowest spread should be the one using eightcap correct?

I'm testing a new strategy on FpMarkets
https://www.mql5.com/en/signals/1856...ite+Signals+My.

this my trading last 24-48 hours

Unique choice to have highest leverage, lowest spread and lowest commission. = TFT ROYAL should be the best option for forex?

I don't like FTMO and MFF spreads, at the end are higher than eightcap + commissions,

which is the prop, not using eightcap, that has lower forex spreads compared to FTMO-MFF?

TFF for example have better spreads?
in holiday till end of November
  • #13,892
  • Feb 9, 2023 3:26pm Feb 9, 2023 3:26pm
Quoting TraderTero
The end result will probably be that they will use arb as an excuse not to pay profitable traders. Many brokers do that already. They should instead have systems which make arb not working.
-This seems to apply to so many things, even outside of trading.

Quoting Vitore
I start to have a feeling that this whole industry may not survive for much too long
-Maybe. I think the best approach still, is to stay under the radar if you are a good trader.
  • #13,893
  • Feb 9, 2023 3:27pm Feb 9, 2023 3:27pm
Quoting Bizziebee
I presume the benefit applies to the funded stage too? Hope so - will have to check
-The added options apply to both, challenges and funded.
  • #13,894
  • Feb 9, 2023 4:01pm Feb 9, 2023 4:01pm
Quoting quinotaur
{quote} They have chat, and email, very responsive support as it has been noticed already by many...so that is where the right address for the question is
Why not answer here for all to see?

You are the owner of the company no? Really sketchy you did not answer my question.

If I make 100k on a 500k account and you have 50 traders paying fees so far where does my 60k profits come from??
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  • #13,895
  • Feb 9, 2023 4:02pm Feb 9, 2023 4:02pm
Quoting forexbali
Best prop for forex traders with lowest spread should be the one using eightcap correct? I'm testing a new strategy on FpMarkets https://www.mql5.com/en/signals/1856...ite+Signals+My. this my trading last 24-48 hours Unique choice to have highest leverage, lowest spread and lowest commission. = TFT ROYAL should be the best option for forex? I don't like FTMO and MFF spreads, at the end are higher than eightcap + commissions, which is the prop, not using eightcap, that has lower forex spreads compared to FTMO-MFF? TFF for example...
eightcap is robbers and thieves stay away from anything eightcap. FTMO is the best I have seen so far nothing else touches them yet.
  • #13,896
  • Feb 9, 2023 4:09pm Feb 9, 2023 4:09pm
Quoting Vitore
{quote} Well, it seems this case was no different :-) Stupid indeed just ridiculous discussion leading back to the same arguments - our server shows this, what you did in MT4 is irrelevant, rule was breached. End of story. I can understand their stance. If they said we don't give a sh*t about what you did in MT, we have our own truth, we could save all the drama. But it would be no fun. At least I know they're on par with all the other noname prop firms when it comes to complains. Anyways - are you still with EverTrader? They advertise some Analyst...
Yes I am with them, tomorrow is my 10th required day on live account. I think maybe I just leave it till withdrawal for next to weeks, but first I will contact chat and ask them can I set all withdrawal details and close period tomorrow. Because now all payments section is inactive, they said when I started it will be available after 10 days.

Insider section is about stocks I made screenshot for you. Looks interesting, but honestly just now first time looked at it because I trade fx and indeces only and this is stocks data.
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  • #13,897
  • Feb 9, 2023 4:10pm Feb 9, 2023 4:10pm
Quoting fxValue
You are the owner of the company no?
-Yikes. I hope that is not true.
  • #13,898
  • Feb 9, 2023 4:16pm Feb 9, 2023 4:16pm
Quoting fxValue
{quote} Why not answer here for all to see? You are the owner of the company no? Really sketchy you did not answer my question. If I make 100k on a 500k account and you have 50 traders paying fees so far where does my 60k profits come from?? {image}
Well obviously no I am not the owner of the company, second thing if you claim to have such a big experience in trading you then probably know that it is impossible to make 100k a week with 500k, third, you seem unable to make a difference between direct funding live accounts and challenge demo accounts. Profit share from live accounts is being paid from profit achieved...Chill out a bit why so agressive approach traders here have they own head to use...
  • #13,899
  • Feb 9, 2023 4:17pm Feb 9, 2023 4:17pm
Quoting youngD
{quote} Yes I am with them, tomorrow is my 10th required day on live account. I think maybe I just leave it till withdrawal for next to weeks, but first I will contact chat and ask them can I set all withdrawal details and close period tomorrow. Because now all payments section is inactive, they said when I started it will be available after 10 days. Insider section is about stocks I made screenshot for you. Looks interesting, but honestly just now first time looked at it because I trade fx and indeces only and this is stocks data. {image} {image}...
Very nice. Looks like you're in for about one and half grand. Nice trading - I wish I had held on to my challenge

Yes when I was trading with them I checked the analytics section and realised it was worthless for forex!
  • #13,900
  • Feb 9, 2023 4:32pm Feb 9, 2023 4:32pm
Quoting fxValue
{quote} eightcap is robbers and thieves stay away from anything eightcap. FTMO is the best I have seen so far nothing else touches them yet.
why robbers? I mean when we trade with our own accounts on the top 5 brokers like Fusion, EightCap, FPMarkets, IC Markets they have all decent spreads and normal execution, I can understand on news they can cheat on slippage some of them most of the times, but for example with fusion we have best fills and never got a problem.

So why eightcap, using a prop firm, should be such disaster? USDJPY is 0 spread most of the time in liquid hours how can I trade on FTMP with 8-9 pips?

I'm not able to trade with such spreads and I have to eliminate many strategies. The difference is huge on forex, while on indexes the situation is much better because spread are most of the time tiny and free commissions, but forex, is a big issue.
in holiday till end of November
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