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  • #29,301
  • Feb 5, 2024 4:21am Feb 5, 2024 4:21am
Quoting HengkiTjen
{quote} that not good then , so they can freely control slippage ?
If this is the route your mind goes, best just go trade a personal account.

The brokers that prop firms use, give them the ability to control slippage, its been confirmed not just by TFT but also by MFFX and SFT that they have access to do those things (and clearly they do cos their slippage is awful). Broker or not, its the same but having their own broker is positive because it lowers costs. These brokers are charging a per user and per million fee for demo volume. If you think where your money is going as a prop firm, its going to the dashboard providers and brokers.
  • #29,302
  • Feb 5, 2024 4:48am Feb 5, 2024 4:48am
Quoting HengkiTjen
{quote} that not good then , so they can freely control slippage ?
You simply can see how their slipage is for certain pairs and take care also dont keep trades overnight dont trade around the news and thats it
  • #29,303
  • Feb 5, 2024 5:12am Feb 5, 2024 5:12am
E8funding rebranded to e8markets.. offering some customizable challenges…
everything looks similar challenges price is similar to smaller firms …
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_1701.png Size: 184 KB
Extreme gut feeling trader
  • #29,304
  • Feb 5, 2024 5:43am Feb 5, 2024 5:43am
Quoting montygoldy
E8funding rebranded to e8markets.. offering some customizable challenges… everything looks similar challenges price is similar to smaller firms … {image}
Means, it was just hype,
changing name is nothing..
I think it was just their tactic to make people lose on their trades by MANDATORY CLOSING THEIR POSITIONS before the weekend on last friday
They don't even come up with any new trading platform, also no new email come from their side to tell what what they bragging so much about, creating just hype
  • #29,305
  • Feb 5, 2024 5:46am Feb 5, 2024 5:46am
Quoting genuine007
{quote} Means, it was just hype, changing name is nothing.. I think it was just their tactic to make people lose on their trades by MANDATORY CLOSING THEIR POSITIONS before the weekend on last friday They don't even come up with any new trading platform, also no new email come from their side to tell what what they bragging so much about, creating just hype
as a business move perspective rebranding is good as they move out of just funding (which was in the domain) related company… they added some new things overall a decent move not a ground breaking move….
Extreme gut feeling trader
  • #29,306
  • Feb 5, 2024 5:47am Feb 5, 2024 5:47am
Quoting montygoldy
{quote} took 3 years thats alot of time… thats why i try to flip/prop firms to build my personal account faster … my goal is 300-400k personal account to leave my job and go full time …
My own goal in Forex Trading is to achieve 100 million dollars in trading profits that's when i will say am rich trader,
and will start buying all the luxury items on my list from my profit.
I have some few millions already but am very far from the target

Now at that 100 mill Targets i will turn it in to a SFO (Single Family Office)

Wish Me Good Luck.......
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #29,307
  • Feb 5, 2024 7:12am Feb 5, 2024 7:12am
Quoting martinez1
{quote} My own goal in Forex Trading is to achieve 100 million dollars in trading profits that's when i will say am rich trader, and will start buying all the luxury items on my list from my profit. I have some few millions already but am very far from the target Now at that 100 mill Targets i will turn it in to a SFO (Single Family Office) Wish Me Good Luck.......
Luck and a half from me
  • #29,308
  • Feb 5, 2024 7:26am Feb 5, 2024 7:26am
Quoting martinez1
{quote} My own goal in Forex Trading is to achieve 100 million dollars in trading profits that's when i will say am rich trader, and will start buying all the luxury items on my list from my profit. I have some few millions already but am very far from the target Now at that 100 mill Targets i will turn it in to a SFO (Single Family Office) Wish Me Good Luck.......
Man, thats a very very big target.
Seems you have generations and generations that doing trading and you are not the only one who started doing trading in your family!!
  • #29,309
  • Feb 5, 2024 7:26am Feb 5, 2024 7:26am
Quoting genuine007
Is this possible that MT4 got banned or say shut down, and metaquotes company decide to have just MT5 or bring something new software If that happen what will happen to all those colorful indicators that coders have designed for MT4 and still designing on forexfactory and other websites and also to scripts like to say break even all trades, close all pendings, delete all orders, trailling stops, and all other EAs as well. What kind of indicators work permanently on MT4 no matter what kind of or how many times a MT4 updated version is released by...
MetaQuotes stopped selling MT4 server licenses in January, 2018. No one has been able to buy or license a new server since then, only by buying an established firm that already had an existing license. 6yrs later, MT4 is a dead horse now, in spite of it still being popular for traders it is not for brokers anymore.
  • #29,310
  • Feb 5, 2024 7:31am Feb 5, 2024 7:31am
Quoting montygoldy
offering some customizable challenges…
-Not sure about anyone else, but their website seems laggy for me. Here is a screenshot of the customizations:
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-05_7-30-08.png Size: 79 KB
  • #29,311
  • Feb 5, 2024 7:37am Feb 5, 2024 7:37am
Quoting Nsak3y
{quote}-Not sure about anyone else, but their website seems laggy for me. Here is a screenshot of the customizations: {image}
by increasing max drawdown, profit target is also increasing then what's the use of increasing max drawdown.. NO USE, its same!!
  • #29,312
  • Feb 5, 2024 7:40am Feb 5, 2024 7:40am
Quoting genuine007
by increasing max drawdown, profit target is also increasing then what's the use of increasing max drawdown.. NO USE, its same!!
-Um, allowable draw-down is increased when funded...
  • #29,313
  • Feb 5, 2024 7:53am Feb 5, 2024 7:53am
Quoting genuine007
{quote} by increasing max drawdown, profit target is also increasing then what's the use of increasing max drawdown.. NO USE, its same!!
There's no difference between using 5% to make 5% vs. using 15% to make 15%, it's still the same 1:1 ratio and no more easy or difficult. However, once funded, you have a lot more to work with when trading a lower risk.
  • #29,314
  • Feb 5, 2024 7:57am Feb 5, 2024 7:57am
Quoting AaronPriest
{quote} There's no difference between using 5% to make 5% vs. using 15% to make 15%, it's still the same 1:1 ratio and no more easy or difficult. However, once funded, you have a lot more to work with when trading a lower risk.
Right, it's the same 1:1
But on the other hand you may be tempted to use higher lots when trying to achieve 15% instead of 5% and this can seem "dangerous" for them.
  • #29,315
  • Feb 5, 2024 8:10am Feb 5, 2024 8:10am
The e8 thing is a giant nothing burger. My feel for it is that its built to confuse.

Also, the weight of certain params is interesting. Especially since most traders fail on daily dd and not overall.
  • #29,316
  • Feb 5, 2024 8:27am Feb 5, 2024 8:27am
Quoting Takisd
The e8 thing is a giant nothing burger. My feel for it is that its built to confuse. Also, the weight of certain params is interesting. Especially since most traders fail on daily dd and not overall.
and still in the US and still on MetaTrader........what could possibly go wrong????
  • #29,317
  • Feb 5, 2024 9:04am Feb 5, 2024 9:04am
Quoting genuine007
{quote} Man, thats a very very big target. Seems you have generations and generations that doing trading and you are not the only one who started doing trading in your family!!
, you won't kill me with Laughter
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #29,318
  • Feb 5, 2024 9:05am Feb 5, 2024 9:05am
Quoting mizi123
{quote} Luck and a half from me
Thank you bro
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #29,319
  • Feb 5, 2024 9:12am Feb 5, 2024 9:12am
Quoting martinez1
{quote} , you won't kill me with Laughter
uhhh.. I just checked some of your images and literally got a shock to see 150K+ profit, 86k+ profit in trade history for the day..
I commented it before checking.. because I did not know.. 100 million profit from forex trading..
WAIT A MINUTE.. WHO ARE YOU???
  • #29,320
  • Feb 5, 2024 9:14am Feb 5, 2024 9:14am
Quoting Nsak3y
{quote}-Um, allowable draw-down is increased when funded...
Yeah that's good, that I did not consider as majority will not even reach the funded account.
And company just showing your dreams of bigger drawdown & bigger profit share & taking bigger amount for the same account size..

So if we consider the same fact, then all the PHASE1 challenge accounts are totally bad because in those accounts the maximum drawdown limit is way way small like just 6% only maximum drawdown!!
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