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  • #19,021
  • Aug 26, 2023 12:16pm Aug 26, 2023 12:16pm
Quoting navk
{quote} I will now stop stacking prop accounts by buying new challenges. This FXIFY is the last. I have now 1x200 with MFF, 1X 100 with FTMO, 1 X 100 with myfundedfx , 1 x100 with FXIFY ( THis one phase 1 complete and will have to complete phase 2 ) With this I will go on trading accounts until i earn 200 to 300 bucks per 100k in a day. I want to enusre I go on the path towards scaling. FXIFY scaling is very attractive.
I would not find much riskier than MFFx if you added there:
1 x 200K TFT (I know you don't like them but anyway, money is money)
1 x 200K TFF
1 x 100K 5ers

And obviously max at MFF and FTMO at 600K because those still seem the safer options in the market.

That would make it close to 2M very well spread IMO.
  • #19,022
  • Aug 26, 2023 12:23pm Aug 26, 2023 12:23pm
Quoting donfriday
{quote} working on buying 1M from fidelcrest. Do you think they are good firm
This information is not coming from me, but I have read a youtube comment about fidelcrest denying payouts. Experience is the best reliable source tho.
  • #19,023
  • Aug 26, 2023 12:25pm Aug 26, 2023 12:25pm
Quoting donfriday
{quote} working on buying 1M from fidelcrest. Do you think they are good firm
Their reputation in telegram and trust pilot is no great (payment issues and changing rules without warning).
And they have trailing DD instead of static DD which is something I avoid.
  • #19,024
  • Aug 26, 2023 12:42pm Aug 26, 2023 12:42pm
Quoting navk
{quote} The ROI should be less. Fidelcrest... frankly i have no idea.

i may have to go for Luxfirm 1M but there DD is low with good scaling plan to manage 10M

anyone with Luxtradingfirm ?
MY OPINION NOT FINANCIAL ADVISE
  • #19,025
  • Aug 26, 2023 1:01pm Aug 26, 2023 1:01pm
Quoting Capablanca
{quote} I would not find much riskier than MFFx if you added there: 1 x 200K TFT (I know you don't like them but anyway, money is money) 1 x 200K TFF 1 x 100K 5ers And obviously max at MFF and FTMO at 600K because those still seem the safer options in the market. That would make it close to 2M very well spread IMO.
FTMO max allocation is 400K only, not 600K
Money is made by sitting, not trading
  • #19,026
  • Aug 26, 2023 2:07pm Aug 26, 2023 2:07pm
Quoting Capablanca
{quote} I would not find much riskier than MFFx if you added there: 1 x 200K TFT (I know you don't like them but anyway, money is money) 1 x 200K TFF 1 x 100K 5ers And obviously max at MFF and FTMO at 600K because those still seem the safer options in the market. That would make it close to 2M very well spread IMO.
I would like to add another 100 with MFFX , yes.

But you need to help me out one more time.

Ask Matt & co to send me once more my fee with 25 %.

I feel they will send once more my fee refund with out your help too.

Intraday only.
  • #19,027
  • Aug 26, 2023 2:20pm Aug 26, 2023 2:20pm
Quoting donfriday
{quote} i may have to go for Luxfirm 1M but there DD is low with good scaling plan to manage 10M anyone with Luxtradingfirm ?
luxfirm.. i heard a lot
yes, 4 percent loss in live stage is too low
Intraday only.
  • #19,028
  • Aug 26, 2023 2:29pm Aug 26, 2023 2:29pm
Quoting navk
{quote} luxfirm.. i heard a lot yes, 4 percent loss in live stage is too low
lux is a joke.
  • #19,029
  • Edited 3:46pm Aug 26, 2023 3:23pm | Edited 3:46pm
Quoting navk
{quote} luxfirm.. i heard a lot yes, 4 percent loss in live stage is too low
not if you trade it as 5% DD on equivalent larger account (of 5/4 size = +25%)
then it depends on the price. In most cases it will be too expensive as your capital for trading is equal to only 80% of the equivalent "5%" account size but the price would most likely not be 20% cheaper

actually all the "4%" prop firms basically try to benefit from promoting a "cheaper" price that traders would be after as they sell eg. 100K account say 10% cheaper but in fact they offer value reduced by 20% which most of them wouldn't notice
Money is made by sitting, not trading
  • #19,030
  • Aug 26, 2023 4:02pm Aug 26, 2023 4:02pm
Quoting donfriday
{quote} working on buying 1M from fidelcrest. Do you think they are good firm
Someone here on the forum had already commented that he would not recommend this company.
  • #19,031
  • Edited 5:20pm Aug 26, 2023 4:37pm | Edited 5:20pm
Quoting Vitore
{quote} not if you trade it as 5% DD on equivalent larger account (of 5/4 size = +25%) then it depends on the price. In most cases it will be too expensive as your capital for trading is equal to only 80% of the equivalent "5%" account size but the price would most likely not be 20% cheaper actually all the "4%" prop firms basically try to benefit from promoting a "cheaper" price that traders would be after as they sell eg. 100K account say 10% cheaper but in fact they offer value reduced by 20% which most of them wouldn't notice
amount of DD/price paid * profit split is a good baseline. I have calculations factoring in target/max loss as well. Without trying to get too in depth:

MFF 200K yields $9.81 in DD per $1 in fee. This is inclusive of taking the fee and trading it in a personal account and hitting the targets of both phases.
FTMO 200K only yields $4.53, less than half. Two reasons, obviosly higher fee, but target is tougher at 10% with 10% max loss vs. 8/12 with MFF
TFTP 200K royal is $7.21, TFF $5.45, E8 $7.50 (on 250K).

The lower account sizes are horrible, FTMO is only $1.58 on their 10K. However, MFF is $5.71 on their 10K without any dicount or promo. But with these firms offering 40-50% on lower amounts, they get competitive. MyFundedFX with 50% on a 10K comes in at $4.27, almost as good as FTMO 200K!

MFF is the clear winner due to their pricing, and softer target in relation to their max loss. FTMO is the lowest, but it is still fantastic that for every $1,000 you put in a personal account you have $4,530 even after flipping in stage 1 and making 50% in stage 2 and them taking their cut.

This is why I always say you actually lose money with the instant funding models. These yield a minus value in DD per $ spent. They try to trick you with the scaling make 10% and we double your account, in actuality making 10% with 5% max loss is a 200% return, yet they only increase you 100%. So the further along you go towards the magical million in scaling, the more money you are losing. In addition, they usually only pay a 50% split.
  • #19,032
  • Aug 26, 2023 5:00pm Aug 26, 2023 5:00pm
Quoting Takisd
{quote} My AI is signal generation only its not fully automated hands off trading. There are a lot of folks using high time frame AI based trading including full risk params. It doesnt have magic returns of youtubers but it pays something and can pass an unlimited challenge. AI tech now is far more advanced than it used to be and if you widen the timeframe the computing power isnt as vital as if you were looking to pip every move like a HFT firm or quant maker would do. And yes, like EA's people trading with AI, quant strats or EAs should always...
add self-driving cars to the list...
  • #19,033
  • Aug 26, 2023 5:04pm Aug 26, 2023 5:04pm
Quoting donfriday
{quote} i may have to go for Luxfirm 1M but there DD is low with good scaling plan to manage 10M anyone with Luxtradingfirm ?
I tried and succeeded at Lux, but was denied because I traded more than one type of instrument...
you, apparently, must choose forex OR commodities OR indices.
Also, I traded different lot sizes...
they didn't like that, though I had stops set so risk parameters were within guidelines.
  • #19,034
  • Aug 26, 2023 5:18pm Aug 26, 2023 5:18pm
Quoting doyathink
{quote} I tried and succeeded at Lux, but was denied because I traded more than one type of instrument... you, apparently, must choose forex OR commodities OR indices. Also, I traded different lot sizes... they didn't like that, though I had stops set so risk parameters were within guidelines.
stupid rules.

written to fail the traders
Intraday only.
  • #19,035
  • Aug 26, 2023 5:18pm Aug 26, 2023 5:18pm
Quoting doyathink
{quote} I tried and succeeded at Lux, but was denied because I traded more than one type of instrument... you, apparently, must choose forex OR commodities OR indices. Also, I traded different lot sizes... they didn't like that, though I had stops set so risk parameters were within guidelines.
Yes, waaaaaaay too many better options. Especially now with all of the 2 stage programs offering unlimited time.
I do recall you mentioing that regarding chosing your asset class. Of course, they didn't dislcose that until you got funded, if I recall correctly.
  • #19,036
  • Aug 26, 2023 5:36pm Aug 26, 2023 5:36pm
A couple more rabbit eggs have hatched overnight:

https://tradiac.com/

https://tradiac.com/

Not sure if these have been mentioned before.
  • #19,037
  • Aug 26, 2023 6:39pm Aug 26, 2023 6:39pm
Links are the same.
  • #19,038
  • Edited 7:54pm Aug 26, 2023 7:21pm | Edited 7:54pm
Quoting Capablanca
{quote} I would not find much riskier than MFFx if you added there: 1 x 200K TFT (I know you don't like them but anyway, money is money) 1 x 200K TFF 1 x 100K 5ers And obviously max at MFF and FTMO at 600K because those still seem the safer options in the market. That would make it close to 2M very well spread IMO.
yes my plan includes :

1. MFF 1X 200
2.FTMO 1X100
3. MY FUNDEDFX 1 X 100
4. FXIFY 1X100

The above four already done.

Future plans :

1) MFF 1 X 100

2) Myfundedfx 1x 100

3) FXIFY 1 X 100

4) TFF - 1 X100 ( If I miss doing this, I will add 1 x 100 with MFF )

5 ) 5 ers 1x100 ( May be ) and If i do not do this, I will add 1 x 100 with MFF

If I miss out adding FXIFY, I will add another 1 x 100 with MFF

If situaltion with some firms do not work out for me, I will max out with MFF.

The reason to add more MFF accounts in my name, I can do copy trade among MFF accounts legally
Intraday only.
  • #19,039
  • Aug 26, 2023 8:53pm Aug 26, 2023 8:53pm
Quoting pipmaster77
{quote} lux is a joke.
Even though I can trade well enough to where I don't come near the draw down, the issue for me is their "consistency" rule where you need to have the same risk per trade. that's easier said than done when you have some instruments that want only integers for lot size while others allow .01, .03, etc. I thought I had a good system but this rule might outdo me; at the very least it may make me take longer if I have to limit my lot size to 1 on commodities in order to minimize risk.
  • #19,040
  • Aug 26, 2023 9:05pm Aug 26, 2023 9:05pm
Quoting Markula
{quote} Even though I can trade well enough to where I don't come near the draw down, the issue for me is their "consistency" rule where you need to have the same risk per trade. that's easier said than done when you have some instruments that want only integers for lot size while others allow .01, .03, etc. I thought I had a good system but this rule might outdo me.
With Lux, You must trade the same lot size with the same risk(stop loss)，no matter how market conditions change. They call this consistency, LoL. Can you imagine you trade the same way on a 500 pips day and on a 40 pips day?
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