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Anyone trading with a Prop firm 31 replies

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  • #14,121
  • Feb 26, 2023 6:52am Feb 26, 2023 6:52am
Quoting Expo33
{quote} Yea I see what you are talking about. Mine doesn't show anything since I passed in 2 hours.

https://e8x.e8funding.com/public/sha...7-4db569f1d52d. now you can see the candlestick chart on my trial

now I wait forex will open tonight and I start, usually with trial of E8 I made always disasters no luck but from tomorrow I need to test with their spreads if I'm able to do trades with max 5-6 pips target
in holiday till end of November
  • #14,122
  • Feb 26, 2023 11:56am Feb 26, 2023 11:56am
Quoting forexbali
{quote} https://e8x.e8funding.com/public/sha...7-4db569f1d52d. now you can see the candlestick chart on my trial now I wait forex will open tonight and I start, usually with trial of E8 I made always disasters no luck but from tomorrow I need to test with their spreads if I'm able to do trades with max 5-6 pips target
I'll keep checking my dashboard to see if it eventually shows the candlesticks. Nothing yet.
Pride always comes before destruction.... -Proverbs 16:18
  • #14,123
  • Feb 26, 2023 12:21pm Feb 26, 2023 12:21pm
Quoting Expo33
{quote} I'll keep checking my dashboard to see if it eventually shows the candlesticks. Nothing yet.
Is this what you are after?
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Money is made by sitting, not trading
  • #14,124
  • Feb 26, 2023 12:49pm Feb 26, 2023 12:49pm
Quoting Vitore
{quote} Is this what you are after? {image}
yes it is very nice, isn't it?
in holiday till end of November
  • #14,125
  • Feb 26, 2023 1:00pm Feb 26, 2023 1:00pm
Quoting forexbali
{quote} yes it is very nice, isn't it?
E8 Dashboard is the very best one among all prop firms I used. Only MyFundedFX seems to compete but I only started testing them. All the others are miles away from these two. And this candlestick equity chart is unique on it's own and really good looking as well as informative
Money is made by sitting, not trading
  • #14,126
  • Feb 26, 2023 1:57pm Feb 26, 2023 1:57pm
Quoting Vitore
{quote} E8 Dashboard is the very best one among all prop firms I used. Only MyFundedFX seems to compete but I only started testing them. All the others are miles away from these two. And this candlestick equity chart is unique on it's own and really good looking as well as informative
yes this is original idea! even rich brokers like interactivebrokers never spent money for such thing.

this is a powerful chart that can inspire the trader to do well, would be very nice to show a candlestick chart of a couple of years of trading

let's see what will happen to this in the future, no idea how far can go that charge but I believe that it will work for the entire life of the funded account
in holiday till end of November
  • #14,127
  • Feb 26, 2023 2:49pm Feb 26, 2023 2:49pm
Quoting Vitore
{quote} Is this what you are after? {image}
Forexbali wanted to see it but since I passed the phase in 2 hours on Friday morning I'm not sure it will ever show anything.
Pride always comes before destruction.... -Proverbs 16:18
  • #14,128
  • Feb 26, 2023 2:54pm Feb 26, 2023 2:54pm
Quoting Expo33
Update on MyFundedFX: Completed the 14-day minimum for a profit split. Requested A withdrawal last night. Woke up this morning with DEEL contract waiting. Signed the contract and it was approved by MFFX in about 60 seconds. Requested an ACH withdrawal from DEEL and it's already in my bank account. I don't want to sound like a shill for MFFX but their support is really good. They are migrating accounts to the new and improved tradehub which has caused endless questions/concerns in discord. I feel bad for the mods. They answered me instantly throughout...
Well done and thanks for your updates on MyFundedFX!
I decided to give them a shot as well. I don't care so much about their score (benefit vs trading your own account) as it is bad mainly because of their smaller max DD of 8%. And that's actually good for me. I often trade on the edge and it much easier to recover from eg 7% DD than from 11%. So I like it. It help me trade more responsibly. So far they look similar to E8 in a way, which is my favorite, if only they were cheaper on indices. And MyFundedFX are cheaper. So let's see.
Money is made by sitting, not trading
  • #14,129
  • Feb 26, 2023 3:07pm Feb 26, 2023 3:07pm
Quoting Vitore
{quote} Well done and thanks for your updates on MyFundedFX! I decided to give them a shot as well. I don't care so much about their score (benefit vs trading your own account) as it is bad mainly because of their smaller max DD of 8%. And that's actually good for me. I often trade on the edge and it much easier to recover from eg 7% DD than from 11%. So I like it. It help me trade more responsibly. So far they look similar to E8 in a way, which is my favorite, if only they were cheaper on indices. And MyFundedFX are cheaper. So let's see.
Thanks and good luck!

I also noticed MFFX's website loads quickly as does E8's website.

I tend to trade based on how much disposable income I have at the moment and how much the fee is costing me. For $138 I look at it like I'm going out to play blackjack at a casino for the night. I'm either going home with $1000 or zero at the end of the night. I'm not going to grind out small bets to go home with $75 or $175. Probably not the way most would look at it. Phase 2 and/or 3 I will grind it out with lower risk as I get closer to the finish line.

On the contrary, if I was shelling out $500-1000 for a 100K or 200K challenge then I would be willing to lower the risk and grind it out for the month.
Pride always comes before destruction.... -Proverbs 16:18
  • #14,130
  • Feb 26, 2023 5:10pm Feb 26, 2023 5:10pm
https://docs.google.com/spreadsheets...it?usp=sharing

Please let me know which prop firm we should add in my list and give a try

it seem that more people is testing myfundedfx ?
in holiday till end of November
  • #14,131
  • Feb 27, 2023 6:08am Feb 27, 2023 6:08am
Quoting forexbali
https://docs.google.com/spreadsheets...it?usp=sharing Please let me know which prop firm we should add in my list and give a try it seem that more people is testing myfundedfx ?
As already said, MFFX are good, they pay fast and there is no minimum days, phase 1 ---> 2 is automatic. Excellent support (specially on Discord)
Negative points : they migrated on Eightcap and the max loss is 8%
  • #14,132
  • Feb 27, 2023 6:51am Feb 27, 2023 6:51am
Beware of costs in Big Pip Funding

They announce no commission trade but their spread in EURUSD in London session is 1.7 pips

If we deduct 0.5 to make it comparable with other props, it's about 12 USD commissions per round trip. The most expensive prop around.
  • #14,133
  • Feb 27, 2023 9:07am Feb 27, 2023 9:07am
Quoting Capablanca
Beware of costs in Big Pip Funding They announce no commission trade but their spread in EURUSD in London session is 1.7 pips If we deduct 0.5 to make it comparable with other props, it's about 12 USD commissions per round trip. The most expensive prop around.
They seem to have many FX pairs overpriced. On the other hand, their XAU is about the least expensive among all, and US indices are on par with the best ones.
Money is made by sitting, not trading
  • #14,134
  • Feb 27, 2023 9:11am Feb 27, 2023 9:11am
Has anyone used Collective2 as a Leader?
  • #14,135
  • Feb 28, 2023 3:39am Feb 28, 2023 3:39am
Quoting Paloduro
{quote} Can you belive that Takeprofittrader have a rule that fail your test if you make 50 % of the total profit in one day? I m force to make doble the original profit targets of 9k now they are asking me to make over 18k profits to pass instead of the original 9k I will abandon this firm. i WILL FIND A BETTER FIRM AND I PREFER TO PAY A NEW FEE TO OTHER IRM INSTEAD OF KEEPING BEEN PUNISHED FFOR MAKING PROFITS . ================================= which means that your biggest trading day is more than 50 % of your profit. This means...
A rule does not need to be hiden to be an scam.

Yes i canceled my account with takeprofittrader
That rule even is not hiden but a profit is profit,they are reducing profits that you allready made,that is scam.
They want that if you enter a trade just before a big move , you exit that trade just bacause of that rule. i mean you entered after your PA setup alert, the market move your way,now you must be afraid of making a proifit because takeproifit trader have rule that said that they will not honor and reduce any profit over 50% of total profit target in one day.
GBPUSD is side way, you waited and you entered just before a big move, you made 9,300 must that profit be erased and ask you to make 9,300 back to prove that the market make big move ?
NO
I saw the rule, i paid, my fee, and i did not like the experience, so i canceled.
I moved to a new firm with not limit on daily profits to pass your test
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ONLY AN IDIOT ASK FOR 2 YEARS EXPERIENCE TO TRADE ANY SYSTEM
  • #14,136
  • Feb 28, 2023 7:50am Feb 28, 2023 7:50am
I do understand the frustration about this kind of rule, but anyone can get lucky. Can you honestly say that you would feel comfortable giving a stranger thousands of dollars of your own money to trade with, just based on one trade?

But yes, there are other firms that do not require it, so you can trade with them instead. I think, that if the rules are clearly defined, then you should not complain after the fact.
  • #14,137
  • Feb 28, 2023 7:57am Feb 28, 2023 7:57am
Quoting Nsak3y
I do understand the frustration about this kind of rule, but anyone can get lucky. Can you honestly say that you would feel comfortable giving a stranger thousands of dollars of your own money to trade with, just based on one trade? But yes, there are other firms that do not require it, so you can trade with them instead. I think, that if the rules are clearly defined, then you should not complain after the fact.
There isn't anyone giving anyone thousands of dollars to trade with. It's monopoly money. We all know the business model at this point. There are no trades going to market. That rule is just another hurdle. I do agree, though, if the rule is there when you signed up, can't complain now.
  • #14,138
  • Feb 28, 2023 7:59am Feb 28, 2023 7:59am
Quoting Nsak3y
I do understand the frustration about this kind of rule, but anyone can get lucky. Can you honestly say that you would feel comfortable giving a stranger thousands of dollars of your own money to trade with, just based on one trade? But yes, there are other firms that do not require it, so you can trade with them instead. I think, that if the rules are clearly defined, then you should not complain after the fact.
Firms hope to eliminate lucky winners but they also eliminate eg. trend followers who have a lot of small losses for one bigger win. Though their strategy may be proven profitable long term and legitimate (everywhere else) they get rejected because it doesn't produce a short-term steady equity curve. I wouldn't join such firm even though I understand why they have such a rule in place.
Money is made by sitting, not trading
  • #14,139
  • Feb 28, 2023 9:02am Feb 28, 2023 9:02am
Quoting Vitore
{quote} Well done and thanks for your updates on MyFundedFX! I decided to give them a shot as well. I don't care so much about their score (benefit vs trading your own account) as it is bad mainly because of their smaller max DD of 8%. And that's actually good for me. I often trade on the edge and it much easier to recover from eg 7% DD than from 11%. So I like it. It help me trade more responsibly. So far they look similar to E8 in a way, which is my favorite, if only they were cheaper on indices. And MyFundedFX are cheaper. So let's see.
Just passed phase 1, so far so good. I like them.
Money is made by sitting, not trading
  • #14,140
  • Feb 28, 2023 9:14am Feb 28, 2023 9:14am
Quoting pipmaster77
There isn't anyone giving anyone thousands of dollars to trade with. It's monopoly money. We all know the business model at this point. There are no trades going to market.
-That goes without saying. But you are receiving real money for your payouts, right? So there is real money at risk, no matter how you look at it.
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