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  • #17,381
  • Jul 2, 2023 3:42pm Jul 2, 2023 3:42pm
Saw the trailer for Dumb Money the other day. It's telling the story of the WallStreetBets shenanigans.
  • #17,382
  • Jul 2, 2023 8:05pm Jul 2, 2023 8:05pm
Quoting Takisd
If MFF do not add additional rules. My guess is 15-20 days + a change to the extension to be easier to get. Probably 60-75 days total. People seem to be blind with the days shit I was trying to find one that i could safely prove my point with grid and they all have weird rules. Show me an MFF rule set with unlimited days please, where you can do whatever you want and still be sure to get paid.
Doesn't exist.
  • #17,383
  • Jul 2, 2023 8:59pm Jul 2, 2023 8:59pm
The5%ers High Stakes Challenge offers unlimited time for evaluation phase 1 & 2
Daily DD is 5% from starting equity of the day. What's the other catch?
  • #17,384
  • Jul 2, 2023 9:27pm Jul 2, 2023 9:27pm
Quoting Jay3ast
The5%ers High Stakes Challenge offers unlimited time for evaluation phase 1 & 2 Daily DD is 5% from starting equity of the day. What's the other catch?
https://www.forexfactory.com/thread/...8#post14468168
  • #17,385
  • Jul 2, 2023 9:56pm Jul 2, 2023 9:56pm
Quoting ladder
{quote} https://www.forexfactory.com/thread/...8#post14468168
Thanks. Definitely to be avoided.
  • #17,386
  • Jul 2, 2023 11:32pm Jul 2, 2023 11:32pm
Quoting ladder
{quote} https://www.forexfactory.com/thread/...8#post14468168
Done avoiding trading during news on FTMO, but they provided list of red events and pairs affected on their website.
Does The5ers have this on their website for traders currently took their program?
  • #17,387
  • Jul 3, 2023 1:03am Jul 3, 2023 1:03am
Quoting Jay3ast
{quote} Done avoiding trading during news on FTMO, but they provided list of red events and pairs affected on their website. Does The5ers have this on their website for traders currently took their program?
I never checked that but the rule in T&C is very generic:

"It is prohibited to perform bracketing strategies (opening pending orders) around high-impact news."

This reminds me BeSpoke when they had the news rule. Any news would affect all instruments. For example JPY BoJ would affect EURGBP trading during those +/- 2 minutes.
  • #17,388
  • Jul 3, 2023 1:26am Jul 3, 2023 1:26am
Quoting Jay3ast
{quote} Done avoiding trading during news on FTMO, but they provided list of red events and pairs affected on their website. Does The5ers have this on their website for traders currently took their program?
Don't be lazy. Do what I did and reach out to their customer service directly. They don't care if you trade the news, but they don't want to see you take on abnormally high volume during the news in comparison to your other trading. I think if you're a sensible trader with the prop firms they won't go out of their way to get rid of you. People get greedy, force the prop firm to take on too much risk, and leave them no choice but to fire you. They are not going to let you abuse the platform
  • #17,389
  • Jul 3, 2023 1:28am Jul 3, 2023 1:28am
Quoting equa
{quote} The news rule is also a concern but from what I've read recently from 5ers staff is that there is a fair bit of discretion on their part. Basically, if you trade with proper risk management, as if the account was your own money, you will not be failed on a news violation is what I've understood. The rule is there to manage risk and not to fail traders. 5ers are a solid firm with a great reputation - they are not out for a quick buck on challenge fees.
this is essentially what I was told, directly from customer service. If you trade like a reasonable person they will leave you alone. If you try to abuse them they will fire you as they should
  • #17,390
  • Jul 3, 2023 2:26am Jul 3, 2023 2:26am
Quoting OutThere
{quote} Thanks. Definitely to be avoided.
I got Information from the Trading Pit, scalping is allowed but a delay of 2 minutes is needed bitwin open and close.
that's terribly for an scalper like me, when I have stop buy or sell with tp and SL in the market the open and close can bee in seconds.
  • #17,391
  • Jul 3, 2023 2:52am Jul 3, 2023 2:52am
Quoting MJurban
{quote} I got Information from the Trading Pit, scalping is allowed but a delay of 2 minutes is needed bitwin open and close. that's terribly for an scalper like me, when I have stop buy or sell with tp and SL in the market the open and close can bee in seconds.
Wow. Thanks for looking into this.
Those are basically abusive rules meant to trip the trader at many possible points.

I wish there was a way to measure the kind and quantity of obstacles that props throw in the way of the trader to knock them out.
If you really think of it, it really is a game. The race track to the finish is obviously marred with the natural moves of the market. If that weren't bad enough, the prop throws in some cones on the hairpins of the moves and watches you drive over them.

Game over...please insert a $500 coin!
  • #17,392
  • Jul 3, 2023 3:17am Jul 3, 2023 3:17am
Quoting OutThere
{quote} Wow. Thanks for looking into this. Those are basically abusive rules meant to trip the trader at many possible points. I wish there was a way to measure the kind and quantity of obstacles that props throw in the way of the trader to knock them out. If you really think of it, it really is a game. The race track to the finish is obviously marred with the natural moves of the market. If that weren't bad enough, the prop throws in some cones on the hairpins of the moves and watches you drive over them. Game over...please insert a $500 coin!
This is why MFF wins every time I think. Right now I don't see any firms without weird rules. I went through about 40 of them trying to find one to spank but all of them left more than to be desired with their extra rules.
  • #17,393
  • Jul 3, 2023 3:59am Jul 3, 2023 3:59am
Quoting Takisd
{quote} This is why MFF wins every time I think. Right now I don't see any firms without weird rules. I went through about 40 of them trying to find one to spank but all of them left more than to be desired with their extra rules.
What's MFF's challenge duration again?
Limiting the time to achieve a lofty goal is one of the biggest underhanded hurdles they throw in the way of the trader.
  • #17,394
  • Jul 3, 2023 4:24am Jul 3, 2023 4:24am
Quoting OutThere
{quote} What's MFF's challenge duration again? Limiting the time to achieve a lofty goal is one of the biggest underhanded hurdles they throw in the way of the trader.
yes yes a clearly displayed time limit before purchase is the same as a discretionary “if we don’t like your trading we can ban you” clause.
  • #17,395
  • Jul 3, 2023 4:36am Jul 3, 2023 4:36am
today market is so friendly..i have completed phase 1 mff just in 6 hours..
its my 3rd account in mff..
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  • #17,396
  • Jul 3, 2023 4:39am Jul 3, 2023 4:39am
Quoting Takisd
{quote} yes yes a clearly displayed time limit before purchase is the same as a discretionary “if we don’t like your trading we can ban you” clause.
Very complex answer. lol but I agree, buyer beware.
  • #17,397
  • Jul 3, 2023 5:57am Jul 3, 2023 5:57am
Quoting voeltoez
today market is so friendly..i have completed phase 1 mff just in 6 hours.. its my 3rd account in mff.. {image}
Congratz! what pair? and how much % do you risk per trade?
  • #17,398
  • Jul 3, 2023 6:32am Jul 3, 2023 6:32am
Quoting voeltoez
today market is so friendly..i have completed phase 1 mff just in 6 hours.. its my 3rd account in mff.. {image}
well done
Intraday only.
  • #17,399
  • Jul 3, 2023 7:15am Jul 3, 2023 7:15am
Quoting Takisd
{quote} yes yes a clearly displayed time limit before purchase is the same as a discretionary “if we don’t like your trading we can ban you” clause.
lol, yes, a clearly defined rule that you are well aware of is 100% the same as you passed all of the targets, but there is this one thing we have stated very vaguely and left 100% up to our discretion....Thank You for your time and effort, but we are going to have to violate your account.
Yes, exactly the same.
  • #17,400
  • Jul 3, 2023 7:50am Jul 3, 2023 7:50am
Quoting Jay3ast
{quote} Congratz! what pair? and how much % do you risk per trade?
thanks..im scalping
xau, gu,eu,au,uj,gbpaud,
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