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  • #15,101
  • Apr 19, 2023 5:08am Apr 19, 2023 5:08am
Quoting Capablanca
{quote} Let me just add something about E8. What Vitore said is totally right but on costs I would distinguish it depending on what you trade. For indexes and XAU I believe they are horrible (I don't trade it in props but there's a lot of people complaining about costs and execution). For forex they are not the cheapest but not too worse, anyway. They have a different way of charging commission (it's 0.005% based on USD value of the trade). Today this gives aprox. 5.50 USD per lot in EURUSD for example. Their have a little bit of execution slipage...
I don't believe E8 will fail soon because for now not big complains, just people doesn't like some product spread.
And as Vitore I love their dashboard and the "candlestick chart" of your performance.

Also the worst thing happened this week on the prop world, if I remember well, is what happened to traders in True Forex Funds, TFF.

That is the worst fact happened in the past 2 weeks. (E8 did better of TFT to solve their server issue)
in holiday till end of November
  • #15,102
  • Apr 19, 2023 5:16am Apr 19, 2023 5:16am
Quoting acetrader
Hi Forexbali, Capablanx & Vitore, A big thank you to each of you for those informative responses. I will be trading only Forex pairs. From my research I have narrowed down my choices to E8 Funding & the 5%er's, but Bespoke is still being somewhat considered. Had a phone conversation with one of E8's Reps & was very impressed with the response to my questions. Going to decide which it will be in the next two weeks. Will post my progress as I progress along the way. Best of trade to each of you. ____________________________
for the forex the best spread I found are eightcap brokers (but there they will tell you each user here that had different slippage)

was good for forex also E8 and should be good also TFF (true forex funds) with an 1$ per lot higher commission

while MFF FTMO doesn't like so much the spread on forex, it is good only on EURUSD

5ers don't remember their spread I don't have experience but should be acceptable

here there is the job done by be thanks all the help of veterans prop trader here
https://docs.google.com/spreadsheets...it?usp=sharing

Somebody helped me to make some commission with MFFX that is the hottest prop here somebody is trying in the recent weeks
If somebody join please remember to use the affiliate code "ECN"

If I have luck and somebody join with a 50K account at least or around 3-4 more with 5K with the code "opportunity" to test MFFX with 5K account
with just 30$, I will be able to request a payout and give to some of you from that money 1 challenge for free of 5K.

The code opportunity expire 21th April with this 40% off. Even if I will reach payout offer I will try to give this challenge free at the price of 45$ around that should be after this code expire.

that's should be the reason you like eightcap-E8-5ers so I think you should look at TFF also!
in holiday till end of November
  • #15,103
  • Apr 19, 2023 5:18am Apr 19, 2023 5:18am
Slight correction to my last post. It was Surge Trader that I had a phone conversation with one of their reps. Very helpful & not in a hurry rep.
E8 Funding still is the lead @ the moment in the selection process.
  • #15,104
  • Edited 5:49am Apr 19, 2023 5:28am | Edited 5:49am
For my idea to use a demo aggressively (sorry Cryptosurf if I made you upset)
today I requested a demo to eightcap USD, 1:100, 400K

For Vitore: in my case I made a calculation and I should trade the demo on eightcap (MFFX slave) with at least 16 lots on indexes and forex. If I trade gold this would mean also 16 lots... why?
The 400K demo with leverage 1:100 should be the master of a 5K MFFX account. This mean that the slave is 80 times smaller.
Then the slave MFFX need to be traded with 20 times less leverage. So 20x80=1600
If I use 16 lots on the 400K master, will trade 0.01 on the slave MFFX.

This would mean that:

1. every minimum trade on the 400K demo will be around leverage 4
2. On duplikum I have to set a multiplier of 0.000625. (16/1600)

Now only you Vitore knows if it will work this multiplier or there is some sort of obstacle like minimum 0.01
I think should work and I will test it soon.

If it won't work because like the minimum for duplikum will be like 0.01 (for some sort of bug or their rule) I would need to use for my strategy a smaller like of 50.000$, but this will increase my leverage on the master of 8 times, that would make my strategy too risky and I will fail.
So I hope that I would be able to use this multiplier and if yes, next time would be even better to use a demo higher, still making calculation on this, in a way that on the slave I will be able to trade with 0.01 and on the master demo I will be able to have as minimum trade possible a leverage of 1:1

Hope it is clear my issue. Still a bit confused bit for now with a 400K master demo and a 5K account could work.
Or the best could be a slave at MFFX 4 times bigger so for example an account of around 25K or 50K, this will eliminate my issue

The issue is in few words just because I will test it on a very little MFFX slave challenge. So in the future I will be for sure able to test this my idea better.
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in holiday till end of November
  • #15,105
  • Apr 19, 2023 6:18am Apr 19, 2023 6:18am
Quoting forexbali
For my idea to use a demo aggressively (sorry Cryptosurf if I made you upset) today I requested a demo to eightcap USD, 1:100, 400K For Vitore: in my case I made a calculation and I should trade the demo on eightcap (MFFX slave) with at least 16 lots on indexes and forex. If I trade gold this would mean also 16 lots... why? The 400K demo with leverage 1:100 should be the master of a 5K MFFX account. This mean that the slave is 80 times smaller. Then the slave MFFX need to be traded with 20 times less leverage. So 20x80=1600 If I use 16 lots on the...
Why don't you test that amazing discovery in silence and in the end produce a report about the reasons it did not work as you expected.
Alternatively, you can open a thread just for that instead of stalking a popular one that should address different matters.
  • #15,106
  • Apr 19, 2023 6:42am Apr 19, 2023 6:42am
Quoting readme
{quote} Why don't you test that amazing discovery in silence and in the end produce a report about the reasons it did not work as you expected. Alternatively, you can open a thread just for that instead of stalking a popular one that should address different matters.
Hi readme,
I see you are JUNIOR member with a grand total of 14 post. If the other 13 are as useless as this one, you are the one who should go into SLIENT mode & only return when you have something more productive to offer. From the contents of this post that may mean you being silent for a long time.
  • #15,107
  • Apr 19, 2023 6:55am Apr 19, 2023 6:55am
[quote=forexbali;14399661]{quote} for the forex the best spread I found are eightcap brokers (but there they will tell you each user here that had different slippage) was good for forex also E8 and should be good also TFF (true forex funds) with an 1$ per lot higher commission while MFF FTMO doesn't like so much the spread on forex, it is good only on EURUSD 5ers don't remember their spread I don't have experience but should be acceptable here there is the job done by be thanks all the help of veterans prop trader here https://docs.google.com/spreadsheets...it?usp=sharing Somebody helped me to make some commission with MFFX that is the hottest prop here somebody is trying in the recent weeks If somebody join please remember to use the affiliate code "ECN" If I have luck and somebody join with a 50K account at least or around 3-4 more with 5K with the code "opportunity" to test MFFX with 5K account with just 30$, I will be able to request a payout and give to some of you from that money 1 challenge for free of 5K. The code opportunity expire 21th April with this 40% off. Even if I will reach payout offer I will try to give this challenge free at the price of 45$ around that should be after this code expire. that's should be the reason you like eightcap-E8-5ers so I think you should look at TFF also![/quote

Thank you for sharing that info. Keep the info flowing. I'm leaning towards E8 at the moment.
  • #15,108
  • Apr 19, 2023 7:07am Apr 19, 2023 7:07am
I see a lot of people in this thread are going to E8. Last time I checked there was some outrage about them not paying traders and the conclusion here was that they are only good to get a refund and some minor profit that goes under the radar but they'll kick you out once you are too profitable. The same with TFF. Have these issues been resolved or people are just rolling the dice on them?
  • #15,109
  • Apr 19, 2023 7:12am Apr 19, 2023 7:12am
e8 sucks, but some people seem keen on them because they are american. But its a tier 2 firm. Its in the same bracket as TFF TFT.

Surge trader is a tier below and there is only so much titty advertising that is going to work. Their programs suck.
  • #15,110
  • Apr 19, 2023 7:46am Apr 19, 2023 7:46am
Quoting Takisd
e8 sucks, but some people seem keen on them because they are american. But its a tier 2 firm. Its in the same bracket as TFF TFT. Surge trader is a tier below and there is only so much titty advertising that is going to work. Their programs suck.
I haven't even considered Surge trader becasue it's the same BS as Ment funding. Their best offfer is to pay $6500 for a $6k account (the smaller accounts are even more expensive) with a 6% trailing DD and you'll get a 75% profit share from all that. They are not even trying to pretend they aren't robbing you. These negative math offers only have one legitimate reason and it's to lever up one's trading. But Surge is 1:10 so even the leverage is BS.
  • #15,111
  • Apr 19, 2023 7:49am Apr 19, 2023 7:49am
Quoting Takisd
e8 sucks, but some people seem keen on them because they are american. But its a tier 2 firm. Its in the same bracket as TFF TFT. Surge trader is a tier below and there is only so much titty advertising that is going to work. Their programs suck.
Is TFT also refusing payouts? I was under the impression that they do pay bar a few isolated incident. That would definitely put them above the rest.
  • #15,112
  • Apr 19, 2023 7:52am Apr 19, 2023 7:52am
Quoting acetrader
{quote} Hi readme, I see you are JUNIOR member with a grand total of 14 post. If the other 13 are as useless as this one, you are the one who should go into SLIENT mode & only return when you have something more productive to offer. From the contents of this post that may mean you being silent for a long time.
thank you from my heart.
in holiday till end of November
  • #15,113
  • Apr 19, 2023 7:53am Apr 19, 2023 7:53am
Quoting Takisd
e8 sucks, but some people seem keen on them because they are american. But its a tier 2 firm. Its in the same bracket as TFF TFT. Surge trader is a tier below and there is only so much titty advertising that is going to work. Their programs suck.
Takisd,
You are a respected member here of many years. You have caught my attention in reference to E8 & Surge Trader. What say you about Bespoke & 5%er's?
Your views & comments would be most appreciated.
  • #15,114
  • Apr 19, 2023 7:55am Apr 19, 2023 7:55am
Quoting forexbali
{quote} thank you from my heart.
Forexbali,
You're most welcome my friend. Your sharing is most appreciated. Shinning the on a subject of interest is always good.
Best of trades to you.
  • #15,115
  • Apr 19, 2023 8:02am Apr 19, 2023 8:02am
[quote=noox;14399823]I see a lot of people in this thread are going to E8. Last time I checked there was some outrage about them not paying traders and the conclusion here was that they are only good to get a refund and some minor profit that goes under the radar but they'll kick you out once you are too profitable. The same with TFF. Have these issues been resolved or people are just rolling the dice on them?[/quote

what happened to E8 and TFT is a very rare case. People can tell here how many time it happen in 1 year or 2 years.
May be 1?

At the end is the same risk to lose your challenge or funded account. Usually prop try to fix days like that. For what I read here people with E8 had back their initial balances and they did not lost anything. But other will comment on it. Different was for TFF, there they didn't take care.

But again you should imagine about that risk. Today is E8 and TFF, tomorrow could happen even to FTMO or MFF and may be they won't be able to make correction to a disaster day because will cost millions and they will go maybe out of business or lose xx% of profit in one shot.

Impossible to comment what there is behind it, of course if you was just exposed in the single one, and lost all your portfolio of account it's bad, but here professional prop traders are well diversified in many high quality prop, and most of them, imagine, use more TFF than E8, so the damage is serious and an E8 was able to do something TFF didn't.

I would not make this a drama. Of course if in the next 12 months will happen again on TFF, this would be very serious. While E8 was able, if I'm correct, to don't create any big damage to their traders.
in holiday till end of November
  • #15,116
  • Apr 19, 2023 8:06am Apr 19, 2023 8:06am
Quoting noox
{quote} I haven't even considered Surge trader becasue it's the same BS as Ment funding. Their best offfer is to pay $6500 for a $6k account (the smaller accounts are even more expensive) with a 6% trailing DD and you'll get a 75% profit share from all that. They are not even trying to pretend they aren't robbing you. These negative math offers only have one legitimate reason and it's to lever up one's trading. But Surge is 1:10 so even the leverage is BS.
Exactly. Love the term "negative math". I talk about it all of the time and some just don't seem to get it.
  • #15,117
  • Apr 19, 2023 8:07am Apr 19, 2023 8:07am
Quoting noox
{quote} Is TFT also refusing payouts? I was under the impression that they do pay bar a few isolated incident. That would definitely put them above the rest.
I get regular payouts from TFTP, but I have only $150K with them.
  • #15,118
  • Apr 19, 2023 8:09am Apr 19, 2023 8:09am
Quoting forexbali
For my idea to use a demo aggressively (sorry Cryptosurf if I made you upset)
Im not upset, rather found your pursuit and promotion of some type holy grail system idiotic. Especially if your a supposed trader with 30 years of experience as you claim.

Especially when you make fanciful claims like:

"Trade a big demo aggressively and with confidence, and risk how much you want without think to much to risk management. Be free and aggressive. Trade anything you want and even on news."
Trade with confidence, trade without fear.
  • #15,119
  • Apr 19, 2023 8:11am Apr 19, 2023 8:11am
Quoting pipmaster77
{quote} Great advice.....you start with MFF and FTMO, once you max them, you move to TFTP and TFF ( although ? now as major issues this week), E8 and maybe 5%ers ( 2 step challenge only). Looks like MFFX can be tossed in the ring as well. At this point, you would be trading at 5-7 firms, who needs BigPip, FundedNext, Finotive, etc?.......all of these firms with reported payout problems, DD and rules designed to make you fail, etc. I trade live with 4 firms and I do not think I want or need to go beyond that, so I will never reach the bottom of the...
Above is how to play this game. Period.
  • #15,120
  • Apr 19, 2023 8:13am Apr 19, 2023 8:13am
Quoting noox
{quote} I haven't even considered Surge trader becasue it's the same BS as Ment funding. Their best offfer is to pay $6500 for a $6k account (the smaller accounts are even more expensive) with a 6% trailing DD and you'll get a 75% profit share from all that. They are not even trying to pretend they aren't robbing you. These negative math offers only have one legitimate reason and it's to lever up one's trading. But Surge is 1:10 so even the leverage is BS.
that's why we eliminated from the spreadsheet

1. Phase 1 is already not a good one challenge, phase 2 is better
2. SurgeTrader doesn't have a scaling plan... while all the other players (the best), yes
3. 1:10 leverage is below other that now are at least 1:30, to get 1:20 you have to pay more money. (add on, and also for news rule etc etc)
4. eightcap broker (many don't like them).

Unique good point, they offer stock trading. May be that attract some stock trader, but I doubt they can survive with just that.

May be they are americans and with good marketing they are able to survive in the local market, but to take people from here, the best prop traders,
they have to change their rules. And however few will look at phase I challenges, they would need 2-steps challenge in their offer.
in holiday till end of November
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