Aliassmith Beats a "Dead Horse"

[Don_xyZ]

I'm currently trying to pass a challenge with MFF. In my own research, I prefer this group over 5ers. Unlimited time given to pass the challenge, potential capital of $10 million, you can trade on TradingView, KPMG audited trade accounts. I'm nowhere in the same league as all of you. Just thought that I would share it in case it interested any of you.

https://luxtradingfirm.com/

Did you notice they give you less profit split the bigger your account gets?

Might there be an offset to this somewhere that is missed? I mean like, with all the options out there, who would pick this one if it's that bad?

[aliassmith]

I'm currently trying to pass a challenge with MFF. In my own research, I prefer this group over 5ers. Unlimited time given to pass the challenge, potential capital of $10 million, you can trade on TradingView, KPMG audited trade accounts. I'm nowhere in the same league as all of you. Just thought that I would share it in case it interested any of you.

https://luxtradingfirm.com/

Did you notice they give you less profit split the bigger your account gets?

Might there be an offset to this somewhere that is missed? I mean like, with all the options out there, who would pick this one if it's that bad?

I'm not sure how they compete. Their profit split gets worse and they use relative drawdown from high water mark. I wouldn't trade with them based on that info.

[trojoh68]

Did you notice they give you less profit split the bigger your account gets?

Might there be an offset to this somewhere that is missed? I mean like, with all the options out there, who would pick this one if it's that bad?

I'm not sure how they compete. Their profit split gets worse and they use relative drawdown from high water mark. I wouldn't trade with them based on that info.

All of these firms seem to adjust their stuff based on what their competitors are doing. I admit that the change in payout percent bothered me. It was initially 65% across the board. Now they have lowered it back down to where 5ers is at. When Lux first came out, they offered a higher funding cap than 5ers. I'm not an advocate of them exclusively. I like 5ers and came across them first. I just really like that they quickly made a deal where you could trade from TradingView. (I had never used MT4 until my current challenge and I absolutely hate it.) Their broker is Global Prime (which has a good reputation). Their leverage is 1:10 (compared to 1:6). And they had the best scaling plan of this type of firm until others changed. As for the hybrid relative drawdown, it resets every time you receive a payout.




These things change all the time, as you already know. I just thought that I would share it as another option.

[Mr. Hyde]

Might there be an offset to this somewhere that is missed? I mean like, with all the options out there, who would pick this one if it's that bad?

I'm not sure how they compete. Their profit split gets worse and they use relative drawdown from high water mark. I wouldn't trade with them based on that info.

All of these firms seem to adjust their stuff based on what their competitors are doing. I admit that the change in payout percent bothered me. It was initially 65% across the board. Now they have lowered it back down to where 5ers is at. When Lux first came out, they offered a higher funding cap than 5ers. I'm not an advocate of them exclusively. I like 5ers and came across them first. I just really like that they quickly made a deal where you could trade from TradingView. (I had never used MT4 until my current challenge and I absolutely hate it.) Their broker is Global Prime (which has a good reputation). Their leverage is 1:10 (compared to 1:6). And they had the best scaling plan of this type of firm until others changed. As for the hybrid relative drawdown, it resets every time you receive a payout.




These things change all the time, as you already know. I just thought that I would share it as another option.

Haha. At this point, it's going to literally be possible to have 30 mil to trade across all these different firms.

[aliassmith]

I'm not sure how they compete. Their profit split gets worse and they use relative drawdown from high water mark. I wouldn't trade with them based on that info.

All of these firms seem to adjust their stuff based on what their competitors are doing. I admit that the change in payout percent bothered me. It was initially 65% across the board. Now they have lowered it back down to where 5ers is at. When Lux first came out, they offered a higher funding cap than 5ers. I'm not an advocate of them exclusively. I like 5ers and came across them first. I just really like that they quickly made a deal where you could trade from TradingView. (I had never used MT4 until my current challenge and I absolutely hate it.) Their broker is Global Prime (which has a good reputation). Their leverage is 1:10 (compared to 1:6). And they had the best scaling plan of this type of firm until others changed. As for the hybrid relative drawdown, it resets every time you receive a payout.




These things change all the time, as you already know. I just thought that I would share it as another option.

Haha. At this point, it's going to literally be possible to have 30 mil to trade across all these different firms.

The wider you go the bigger the safety net in case you drop a firm. Having that many accounts might start to divide your attention too much.
Although since you swing trade mostly you will be able to easily copy those to accounts from separate firms. If you have 3 accounts each at 3 firms you will need to run at least 3 different trades and copy them across the three firms without getting hit for trade copying. Seems like a 9 screen setup and possibly a few PCs to keep it straight.

[aliassmith]

Might there be an offset to this somewhere that is missed? I mean like, with all the options out there, who would pick this one if it's that bad?

I'm not sure how they compete. Their profit split gets worse and they use relative drawdown from high water mark. I wouldn't trade with them based on that info.

All of these firms seem to adjust their stuff based on what their competitors are doing. I admit that the change in payout percent bothered me. It was initially 65% across the board. Now they have lowered it back down to where 5ers is at. When Lux first came out, they offered a higher funding cap than 5ers. I'm not an advocate of them exclusively. I like 5ers and came across them first. I just really like that they quickly made a deal where you could trade from TradingView. (I had never used MT4 until my current challenge and I absolutely hate it.) Their broker is Global Prime (which has a good reputation). Their leverage is 1:10 (compared to 1:6). And they had the best scaling plan of this type of firm until others changed. As for the hybrid relative drawdown, it resets every time you receive a payout.




These things change all the time, as you already know. I just thought that I would share it as another option.

The 5ers has that 100K bootcamp. 3 trial stages at 6% each. When you pass you get 100k at 50/50 and 1:10 leverage.
Every 5% the account increases by something up to $4 Million and 80/20 split. 98% gain gets you maxed out with the equivalent of $3,200,000 account at 1:10. They also have MT5 which I prefer to MT4. You can have up to 3 of these accounts with 3 different strategies.

LUX still has that relative drawdown of 4% that you can never get away from. It will always haunt you. If they changed it to 4% max drawdown only that might be a good place, IMO. You could then use your own profits to create a wider Drawdown cushion. If they ever change it I might try it out.

[aliassmith]

I Have been looking at EURUSD a lot recently because it allows for some good stop sizes and R.
I was busy today and didn't trade. This is a trade recap of what I missed. Truely I would have only taken the last 3 trades because that is when I have been trading the most. Maybe one from late London.

UK
#1 -6 / SL 6
#2 +12 / SL 7.8
#3 +20 / SL 5.6
#4 BE / SL 6.7
#5 BE / SL 4.6
US
#6 +11 / SL 4.2
#7 -8 / SL 8
#8 +20 / SL 7.2

Optional scenario is no BE and full stops then UK nets 15 pips otherwise its 26 pips
US nets 23 pips. (2%)
Total 38 to 49 (3.5% to 4.5%)

I would rather trade 3 hours for 2% than 9 hours for 4.5%
Goal is to never take another 10 pips stop again on a M5 unless the ATR(12) is high and I reduce my size.

Your mileage may vary.

[prochargedmopar]

I'm guessing you can bail out of these companies with no repercussions?

Meaning, take the money and run with no hassles or spamming.
Guess it wouldn't matter, I'm spammed all the time now anyway.

Ovenea, we have ur money, your loan, your insurance, your blah blah.
Who the hell is Ovenea?

[aliassmith]

I'm guessing you can bail out of these companies with no repercussions?

Meaning, take the money and run with no hassles or spamming.
Guess it wouldn't matter, I'm spammed all the time now anyway.

Ovenea, we have ur money, your loan, your insurance, your blah blah.
Who the hell is Ovenea?

You are an independent contractor. This agreement is not employment. You do x for "the company" and you get y compensation. This agreement can be terminated for blah blah blah.... extra blah.... sign here... send proof of ID and residency.

[Mr. Hyde]

All of these firms seem to adjust their stuff based on what their competitors are doing. I admit that the change in payout percent bothered me. It was initially 65% across the board. Now they have lowered it back down to where 5ers is at. When Lux first came out, they offered a higher funding cap than 5ers. I'm not an advocate of them exclusively. I like 5ers and came across them first. I just really like that they quickly made a deal where you could trade from TradingView. (I had never used MT4 until my current challenge and I absolutely hate it.) Their broker is Global Prime (which has a good reputation). Their leverage is 1:10 (compared to 1:6). And they had the best scaling plan of this type of firm until others changed. As for the hybrid relative drawdown, it resets every time you receive a payout.




These things change all the time, as you already know. I just thought that I would share it as another option.

Haha. At this point, it's going to literally be possible to have 30 mil to trade across all these different firms.

The wider you go the bigger the safety net in case you drop a firm. Having that many accounts might start to divide your attention too much.
Although since you swing trade mostly you will be able to easily copy those to accounts from separate firms. If you have 3 accounts each at 3 firms you will need to run at least 3 different trades and copy them across the three firms without getting hit for trade copying. Seems like a 9 screen setup and possibly a few PCs to keep it straight.

Haha. I'm good right were I'm at