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  • #18,481
  • Aug 10, 2023 10:46am Aug 10, 2023 10:46am
Just read that MFF has bonus payouts after passing the evaluation:
2% of the profit target in Phase 1
4% of the profit target in Phase 2
112% refund of the purchase fee

The evaluation fee of 100K account is 499$. If you successfully finish phase 2, you can get back 160+200+499*1.12=918.88$.

I then checked FTMO/Trueforexfunds/thefundedtrader, could not find any bonus information. Do they ONLY refund the evaluation fee?
  • #18,482
  • Aug 10, 2023 11:01am Aug 10, 2023 11:01am
Quoting ladder
Just read that MFF has bonus payouts after passing the evaluation: 2% of the profit target in Phase 1 4% of the profit target in Phase 2 112% refund of the purchase fee The evaluation fee of 100K account is 499$. If you successfully finish phase 2, you can get back 160+200+499*1.12=918.88$. I then checked FTMO/Trueforexfunds/thefundedtrader, could not find any bonus information. Do they ONLY refund the evaluation fee?
Yes. This is why they continue to be #1, once passed, you essentially get just about double your fee refunded (with bonuses).
  • #18,483
  • Edited 12:54pm Aug 10, 2023 11:59am | Edited 12:54pm
fyi

What is the difference between equity based drawdown and balance-based drawdown?

In the event of going through market rollover with $105,000 equity and a balance of $100,000, with an open trade that has a profit of $5,000, your stop-out level would be triggered and the account violated at $100,000 for equity-based drawdown.

With balance-based drawdown , your stop-out level would be triggered and the account violated at $95 000.
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  • #18,484
  • Aug 10, 2023 2:13pm Aug 10, 2023 2:13pm
Hello friends,

Question:
Do you know a broker offering such this service?:
1. The asset manager trades with his own capital.
2. The investors would be able to utilize to his/her performance in return for a profit share.
3. The investors, invest in their own account, meaning they would be able to withdraw or deposit at any given time while the trader's account would not be affected.
4. The investors would not be able to see the history/open trades, before or after subscribing. However they could see the manager's account statistics even before subscription.
5. Both Investors and the Asset manager be able to open accounts as Cent accounts.


Problem:
- I have developed an automatic system which trades all 28 currency pairs at the same time with the same strategy.
Due to 13 years of history backtest(real tick mode) and 8 weeks of live trading, it trades around 1400 positions each month(over all the 28 pairs). Which is easy for a master Algo trader to reverse the positions info into the strategy code by spending some hours. I've spent too much of life and this EA is priceless for me. So I skipped the Social Trading platforms which share the history/open trades.
- Also, PAMM accounts are not safe for the Investors because they do not have control over their own fund and my strategy needs flexible roll over time. Otherwise their withdrawals may affect my portfolio. So MAM account would be the better choice, both for me and my investors.
- My strategy needs at least 50K $ initial or 500$ on a Cent account. I have not 50K cash :>
- I have not found any MAM broker that offers Cent accounts for MAM.


If you know any service which would help, your advice would be greatly appreciated!
Hossein
  • #18,485
  • Aug 10, 2023 8:38pm Aug 10, 2023 8:38pm
MFF.

Need to trade another 2 days to meet mandatory 5 days.
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Intraday only.
  • #18,486
  • Aug 10, 2023 8:41pm Aug 10, 2023 8:41pm
Quoting Nehemah
{quote} I don't understand the interest from people for 5%ers. I probably missed something. For example, for the 2 steps program, they have crazy rules like : 3 minimum profitable days by step (0.5% min profit by day !) This kind of rules is really old school and for me it's the best way to scare people away.
sir, i just wanted to verify if I understood it properly, so with 5 ers, u need to have 3 minimum profitable days and you need to have at least 0.5% or higher profit for each of those days?

So it's like its bad for those who are doing sniper entry all the time? like 1:5+ positions right coz they can't just simply open 0.01 lot until the minimum day requirement is that the problem?
  • #18,487
  • Aug 10, 2023 9:12pm Aug 10, 2023 9:12pm
Quoting Hosseinkogo
Hello friends, Question: Do you know a broker offering such this service?: 1. The asset manager trades with his own capital. 2. The investors would be able to utilize to his/her performance in return for a profit share. 3. The investors, invest in their own account, meaning they would be able to withdraw or deposit at any given time while the trader's account would not be affected. 4. The investors would not be able to see the history/open trades, before or after subscribing. However they could see the manager's account statistics even before subscription....
Darwinex is perfect for you. It satisfies all your 5 requirements.
  • #18,488
  • Aug 10, 2023 9:39pm Aug 10, 2023 9:39pm
Quoting Boulder
fyi What is the difference between equity based drawdown and balance-based drawdown? In the event of going through market rollover with $105,000 equity and a balance of $100,000, with an open trade that has a profit of $5,000, your stop-out level would be triggered and the account violated at $100,000 for equity-based drawdown. With balance-based drawdown , your stop-out level would be triggered and the account violated at $95 000.
With 100% leverage + balance based DD... My funded fx are asking to get wrecked by huge payouts from overnight position traders scaling into large positions during a strong trending market. That's what happened to FTMO last year before they caved and changed from balance to equity based DD.
  • #18,489
  • Aug 11, 2023 1:13am Aug 11, 2023 1:13am
Quoting CableJ
{quote} With 100% leverage + balance based DD... My funded fx are asking to get wrecked by huge payouts from overnight position traders scaling into large positions during a strong trending market. That's what happened to FTMO last year before they caved and changed from balance to equity based DD.
from my poor knowledge they changed only leverage on indicies? the DD calculation remained the same?
  • #18,490
  • Aug 11, 2023 3:23am Aug 11, 2023 3:23am
Quoting CableJ
{quote} With 100% leverage + balance based DD... My funded fx are asking to get wrecked by huge payouts from overnight position traders scaling into large positions during a strong trending market. That's what happened to FTMO last year before they caved and changed from balance to equity based DD.
Don't worry, they have a HTML script to rescue them
  • #18,491
  • Aug 11, 2023 8:48am Aug 11, 2023 8:48am
Quoting ladder
{quote} Darwinex is perfect for you. It satisfies all your 5 requirements.
Thank you for your guidance.
Unfortunately they do not offer service to residents of Turkey.
Do you know any similar services?
  • #18,492
  • Aug 11, 2023 11:40am Aug 11, 2023 11:40am
Quoting CableJ
{quote} Updated... {image} As Takisd mentioned funded next is also in there between TFT & My Funded FX, but I don't track them. 5%ers needs to grow a pair and increase their max allocation to High Stakes, that program seems to be resonating with traders way more than their other subpar programs.
hi what is this table?
in holiday till end of November
  • #18,493
  • Aug 11, 2023 11:44am Aug 11, 2023 11:44am
https://docs.google.com/spreadsheets...it?usp=sharing

updated my spreadsheet with E8 now also in unlimited

if you see any mistake or error, please send me details.

I noticed that E8 lowered from 8% to 5% the target profit on the extended program, I should update it.

This would bring their program up as ratio. Other prop did the same that I missed?
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in holiday till end of November
  • #18,494
  • Aug 11, 2023 2:28pm Aug 11, 2023 2:28pm
Quoting KoyaAndy18
{quote} sir, i just wanted to verify if I understood it properly, so with 5 ers, u need to have 3 minimum profitable days and you need to have at least 0.5% or higher profit for each of those days? So it's like its bad for those who are doing sniper entry all the time? like 1:5+ positions right coz they can't just simply open 0.01 lot until the minimum day requirement is that the problem?
The problem ? It's a kind of consistency rules. No more prop firm bothers with such rules.
  • #18,495
  • Aug 11, 2023 4:41pm Aug 11, 2023 4:41pm
Quoting forexbali
{quote} hi what is this table?
Prop firm monthly web traffic
  • #18,496
  • Aug 12, 2023 12:27am Aug 12, 2023 12:27am
Quoting Nehemah
{quote} The problem ? It's a kind of consistency rules. No more prop firm bothers with such rules.
Besides consistency rules, 5ers has news rule. They will drop such rules sooner or later because of fierce competition in the prop industry.
  • #18,497
  • Aug 12, 2023 6:00am Aug 12, 2023 6:00am
lol, FTMO closed my positions and send me a new account despite the fact that I bought and launched the acc after their no time limit switch.

Certainly it shows you how rushed and unprepared the transition was.
  • #18,498
  • Aug 12, 2023 6:13am Aug 12, 2023 6:13am
My friends is funded trader with MFF, TFT and FTMO. I has write some reviews for this companies including information about payouts. Here are his reviews:

MFF: https://www.mm-world.info/articles/d...my-forex-funds
TFT: https://www.mm-world.info/articles/d...-funded-trader
  • #18,499
  • Aug 12, 2023 6:35pm Aug 12, 2023 6:35pm
Quoting LehmanBrotha
{quote} OMW to join you, 4% up in 4 weeks, Phase 1. Still keeping it to 1-2 lots, low drawdown.
Conservative here, 1-2 lots as well on 100k phase-1, less than 0.5% risk per trade. Unlimited time definitely allows me to trade on a pace that I'm comfortable with.
  • #18,500
  • Aug 12, 2023 6:51pm Aug 12, 2023 6:51pm
Quoting ladder
Just read that MFF has bonus payouts after passing the evaluation: 2% of the profit target in Phase 1 4% of the profit target in Phase 2 112% refund of the purchase fee The evaluation fee of 100K account is 499$. If you successfully finish phase 2, you can get back 160+200+499*1.12=918.88$. I then checked FTMO/Trueforexfunds/thefundedtrader, could not find any bonus information. Do they ONLY refund the evaluation fee?
Its a hidden growth plan, eh? with that refunded money you can reinvest on an eval program double of your previous account size, when passed you'll get triple of your current account
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DaXielFX