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  • #14,661
  • Mar 30, 2023 6:57am Mar 30, 2023 6:57am
uk100 ger30

MFF sunday night open, who can explain me what happened for 2 hours that abnormal pricing and then dropped after 1 hour??

they made a mistake?
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in holiday till end of November
  • #14,662
  • Mar 30, 2023 9:35am Mar 30, 2023 9:35am
Quoting Vitore
{quote} So far the process seems very quick and smooth. Right after the midnight (MT server time = i.e. even earlier than midnight in US where MFFX resides) of the profit split day I was able to request the payout, Deel contract was issued within a few minutes. After signing the contract the milestone with the profit split amount + fee refund + promo bonus appeared within a few minutes again. Now I'm waiting for the milestone approval and money transfer to Deel (from my experience I cannot see the approval until the money arrives even when it's...
Money arrived to my Deel account 17 hrs after my initial payout request.
Money is made by sitting, not trading
  • #14,663
  • Mar 30, 2023 10:07am Mar 30, 2023 10:07am
Quoting forexbali
who can explain me what happened
-I think, this can happen for different reasons. Probably, you should ask MFF if you want a more accurate answer.
  • #14,664
  • Mar 30, 2023 10:21am Mar 30, 2023 10:21am
Quoting Vitore
{quote} Money arrived to my Deel account 17 hrs after my initial payout request.
Excellent. Very good to hear.
  • #14,665
  • Mar 30, 2023 10:58am Mar 30, 2023 10:58am
Quoting forexbali
uk100 ger30 MFF sunday night open, who can explain me what happened for 2 hours that abnormal pricing and then dropped after 1 hour?? they made a mistake? {image} {image}
They addressed it in public that the LP fired the wrong contract to the feed as CFD prices are based on a certain futures contract.. They have refunded people negatively affected for the trades and taken violations away from those who violated due to it.

They don't make their price feed, just like every other prop firm.
  • #14,666
  • Mar 30, 2023 12:04pm Mar 30, 2023 12:04pm
My Funded FX - difference between 1step vs 2step challenge, daily DD and overall DD - does that difference remain when we get founded, depending on whether we passed 1 or 2 step challenge...? According to this picture, it remains, so it is still better to pass the 2 phase challenge...
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  • #14,667
  • Mar 30, 2023 12:41pm Mar 30, 2023 12:41pm
Once a number of Prop firms move away from Daily drawdown to Daily pause instead like 5'ers then that will be a worthwhile deal.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #14,668
  • Mar 30, 2023 12:55pm Mar 30, 2023 12:55pm
I think that the opportunities that we currently have available to us make this the best moment in time to be a trader. There are many offerings that are definitely worthwhile.

Having someone else control your risk for you is not necessary, I think, and may even create habits that act as a handicap or disservice to you over the long-term.

There are solutions available that can give you more control over your losses. At least then, you are the one that is in control and can define the parameters of your own trading.

Honestly, this is the most exciting time ever, in history, to be a trader. I am grateful to be a part of it.
  • #14,669
  • Mar 30, 2023 1:18pm Mar 30, 2023 1:18pm
Quoting Takisd
{quote} They addressed it in public that the LP fired the wrong contract to the feed as CFD prices are based on a certain futures contract.. They have refunded people negatively affected for the trades and taken violations away from those who violated due to it. They don't make their price feed, just like every other prop firm.
where to find their statement on this?
in holiday till end of November
  • #14,670
  • Edited 6:02am Mar 31, 2023 4:16am | Edited 6:02am
Quoting skyf
Once a number of Prop firms move away from Daily drawdown to Daily pause instead like 5'ers then that will be a worthwhile deal.
At the end of the day it's all fake monopoly money that converts into real money when we get paid. That being said, do you think it's normal & proper risk management to lose 42%/50% of your money deposited in a personal account in 1 day? Would you risk that large a % in 1 day with >5 figures of your own money @ a broker? That is the % you are ACTUALLY risking when you lose 5% of total drawdown (10%/12%) in 1 day. I haven't lost a live prop account in 17 months that was traded responsibly. My risk is lowered to the point that I never exceed 2% of daily loss or 4.5% of total drawdown.
  • #14,671
  • Mar 31, 2023 8:50am Mar 31, 2023 8:50am
Quoting CableJ
{quote} At the end of the day it's all fake monopoly money that converts into real money when we get paid. That being said, do you think it's normal & proper risk management to lose 42%/50% of your money deposited in a personal account in 1 day? Would you risk that large a % in 1 day with >5 figures of your own money @ a broker? That is the % you are ACTUALLY risking when you lose 5% of total drawdown (10%/12%) in 1 day. I haven't lost a live prop account in 17 months that was traded responsibly. My risk is lowered to the point that I never exceed...
Posted literally the same thing 3-4 days ago.
  • #14,672
  • Mar 31, 2023 9:48am Mar 31, 2023 9:48am
Quoting forexbali
{quote} where to find their statement on this?
They wrote it in general on discord when a few folks were talking about it. If you were affected just talk to their support chat about it. Of all the firms MFF are the most likely to rectify issues/mistakes like that always regardless and have been for the last 2 years despite others efforts to discredit them.

Public service announcement: Fundednext are the least likely to help you when they screw up. So I will continue throwing virtual eggs at their virtual house.

I am on very little sleep and moody so heading back out, enjoy the weekend.
  • #14,673
  • Edited 1:58pm Mar 31, 2023 12:29pm | Edited 1:58pm
should I add my funded fx on my spreadsheet? I see that many are using them, is it worth to diversify on them?
have they now a good reputation?

https://docs.google.com/spreadsheets...it?usp=sharing

i think could be interesting to add them because are the unique to offer a 8+5% 2 phase with no days limit to complete the target profit

also if some other 2phase prop will add no limits, the phase 1 is point less, also the 3 phases waste of time

so 2 phases or if you want to get a worse deal, an instant funding

mffx has also a 2.5$ per lot commission like TFT because of eightcap and who knows they will change them too as happening to TFT
in holiday till end of November
  • #14,674
  • Mar 31, 2023 2:44pm Mar 31, 2023 2:44pm
E8 just added an extended account, which gives you 60 days phase 1, and 120 days phase 2. In addition to increased 10% dd, seems like a better offer to me
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Plan your trade, trade your plan
  • #14,675
  • Mar 31, 2023 3:15pm Mar 31, 2023 3:15pm
Quoting symmtrytradr
E8 just added an extended account, which gives you 60 days phase 1, and 120 days phase 2. In addition to increased 10% dd, seems like a better offer to me {image}
i forgot this detail of 60 days, I will update now
in holiday till end of November
  • #14,676
  • Apr 1, 2023 1:48am Apr 1, 2023 1:48am
competition you. can. win a challenge
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in holiday till end of November
  • #14,677
  • Edited 3:30am Apr 1, 2023 3:16am | Edited 3:30am
Quoting pipmaster77
{quote} Posted literally the same thing 3-4 days ago.
If I recall correctly, you're even more risk averse @ 2% max drawdown (20%) of total 10%/12% drawdown correct? The message doesn't seem to register with some folks.
  • #14,678
  • Edited 3:39am Apr 1, 2023 3:17am | Edited 3:39am
Quoting symmtrytradr
E8 just added an extended account, which gives you 60 days phase 1, and 120 days phase 2. In addition to increased 10% dd, seems like a better offer to me {image}
Seems to me like e8 is starting to get desperate for cash like The prop trading months before their eventual collapse. When these firms start changing up and adding programs with rules way more favorable than the best existing 2 step evaluation prop (MFF)... I start getting nervous.
  • #14,679
  • Apr 1, 2023 4:17am Apr 1, 2023 4:17am
Quoting Mindthegap
I recently received my first payout from my 100k funded account with True Forex Funds. They have been nothing but great to deal with in every regard. We purchased our first eval during their black Friday sale and are currently working on our next 100k funded account. Things I like about TFF. They use a Tier 1 liquidity provider, meaning they have direct market access. So trading during times of high volume, the spreads dont go berserk, meaning slippage is almost a non issue. Same for order fills during high trading volume. This is a very overlooked...
It's a pity that their payout process is the worst in all the major props. You lose 2 business days in each cycle of 14 days which is tottally unacceptable.

And if you decide to receive through crypto they charge about 50 USD of gas fees for a transaction that cost 2 or 3 USD.
  • #14,680
  • Apr 1, 2023 4:21am Apr 1, 2023 4:21am
Quoting pipmaster77
{quote} Looks to me as if they realize smart traders use "max loss" as the gauge since that is the amount you wind up with in the end. It's also always good to have a slighly less target vs. max loss.......while the unsuspecting see 8%vs.10% as "it's only 2 %", it is really 20% as you are dealing with a 10% max loss. In exchange, they are simlply adapting a 5 min day rule....so you get 10% max loss now but must trade 5 days. I am not clear on the "consistency" aspect.....can we pass in 2 days and trade micros for 3 or is there some type of hidden...
If there is no consistency rule it's a no brainer to have 10% instead of 8% DD for the same cost. I don't care if that's 5 days. I never pass challenges in one or two days, anyway.
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