Aliassmith Beats a "Dead Horse"

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Don_xyZ
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Re: Aliassmith Beats a "Dead Horse"

Postby Don_xyZ » Thu May 12, 2022 3:26 am

aliassmith wrote:
Don_xyZ wrote:
Mr. Hyde wrote:
But why not have the best of both worlds. A extra 2 to 3 million dollars a year off prop firms for zero risk and zero extra work. Adding that to a personal account every year and just a 50% gain a year nets you 100 million give or take.

Or do it like you and take a million dollar account and turn it into 10 mil every week off one trade. Some many choices


I think one of those prop firms guaranteed up to $2 or $4M funding if I'm not mistaken so basically you should be able to get $12M funding from them. Correct me if I'm wrong though.

Yeah, it's a matter of perspective really.


From my research you can get up to 3x$4M at 5ers. They must be ran as 3 different accounts. 1:6, 1:10, 1:30 are the various leverages.

FTMO allows up to $2M per trader and takes about 5 years to achieve. 1:100 leverage.

MFF has several account types and allows up to a few millions.


$4M at 1:30 is better than 1:1.

So what's the fastest they allow to get to that $4M on 5ers? I'm aware that FTMO (& MFF ?) requires 4 months for each scaling.
Do you trade money for time or time for money?

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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Thu May 12, 2022 6:21 am

Don_xyZ wrote:
aliassmith wrote:
Don_xyZ wrote:
I think one of those prop firms guaranteed up to $2 or $4M funding if I'm not mistaken so basically you should be able to get $12M funding from them. Correct me if I'm wrong though.

Yeah, it's a matter of perspective really.


From my research you can get up to 3x$4M at 5ers. They must be ran as 3 different accounts. 1:6, 1:10, 1:30 are the various leverages.

FTMO allows up to $2M per trader and takes about 5 years to achieve. 1:100 leverage.

MFF has several account types and allows up to a few millions.


$4M at 1:30 is better than 1:1.

So what's the fastest they allow to get to that $4M on 5ers? I'm aware that FTMO (& MFF ?) requires 4 months for each scaling.


Well there is a bootcamp plan with 1:10 . The first 3 trial stages are 6% each with 12 month max time limit. There are 16 steps up to $4 M after that with each step being 5% each. Basically as fast as you hit a target and get the new account.

The 1:30 account is new and each level is based on 100 trades. By trades they mean positions. 7 entries long on EURUSD at the same time count as 1. Qualifying is having 2 times as much gain compared to drawdown.

There is also instant funding. It's in the picture. You can have 3 of those but leverage is 1:6 and profit split is 50% each level is 10%.
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Re: Aliassmith Beats a "Dead Horse"

Postby Don_xyZ » Thu May 12, 2022 7:47 am

aliassmith wrote:
Don_xyZ wrote:
aliassmith wrote:
From my research you can get up to 3x$4M at 5ers. They must be ran as 3 different accounts. 1:6, 1:10, 1:30 are the various leverages.

FTMO allows up to $2M per trader and takes about 5 years to achieve. 1:100 leverage.

MFF has several account types and allows up to a few millions.


$4M at 1:30 is better than 1:1.

So what's the fastest they allow to get to that $4M on 5ers? I'm aware that FTMO (& MFF ?) requires 4 months for each scaling.


Well there is a bootcamp plan with 1:10 . The first 3 trial stages are 6% each with 12 month max time limit. There are 16 steps up to $4 M after that with each step being 5% each. Basically as fast as you hit a target and get the new account.

The 1:30 account is new and each level is based on 100 trades. By trades they mean positions. 7 entries long on EURUSD at the same time count as 1. Qualifying is having 2 times as much gain compared to drawdown.

There is also instant funding. It's in the picture. You can have 3 of those but leverage is 1:6 and profit split is 50% each level is 10%.


Do they want us to use pending order exclusively

What if I only put the SL "X" second or minute before the trade is closed?
What if I only close the trade manually without any SL?
What if the SL is already in the EA and will only be set on the platform after a certain condition is met?
What if I set SL and then remove it later?
What if I move my SL to BE?
What if I use trailing stop?
What's their leverage for spot gold?


Image

For that 1:30 account,

What about 1 trade for 10 pairs at the same time? How will they be counted?
What about 1 trade, 10 pairs, 1 minute apart for each trade?
What about 10 scalp trades, one at a time?
What if I open 1 order and then partially close it 10 times?
What if I open 3 trades at the at time with pending order but they all have different TP?
What's their leverage for spot gold?
Do you trade money for time or time for money?

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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Thu May 12, 2022 8:52 am

Don_xyZ wrote:
aliassmith wrote:
Don_xyZ wrote:
$4M at 1:30 is better than 1:1.

So what's the fastest they allow to get to that $4M on 5ers? I'm aware that FTMO (& MFF ?) requires 4 months for each scaling.


Well there is a bootcamp plan with 1:10 . The first 3 trial stages are 6% each with 12 month max time limit. There are 16 steps up to $4 M after that with each step being 5% each. Basically as fast as you hit a target and get the new account.

The 1:30 account is new and each level is based on 100 trades. By trades they mean positions. 7 entries long on EURUSD at the same time count as 1. Qualifying is having 2 times as much gain compared to drawdown.

There is also instant funding. It's in the picture. You can have 3 of those but leverage is 1:6 and profit split is 50% each level is 10%.


Do they want us to use pending order exclusively NO. Use depth of market or order entry

What if I only put the SL "X" second or minute before the trade is closed? NO
What if I only close the trade manually without any SL? NO
What if the SL is already in the EA and will only be set on the platform after a certain condition is met? NO
What if I set SL and then remove it later?NO
What if I move my SL to BE?OK
What if I use trailing stop?OK
What's their leverage for spot gold?FANCY EQUATION ON THE SITE


Image

For that 1:30 account,

What about 1 trade for 10 pairs at the same time? How will they be counted? 10
What about 1 trade, 10 pairs, 1 minute apart for each trade?10
What about 10 scalp trades, one at a time?10 AS LONG AS ONLY 1 IS ACTIVE AT A TIME
What if I open 1 order and then partially close it 10 times?1
What if I open 3 trades at the at time with pending order but they all have different TP?1
What's their leverage for spot gold?
FANCY EQUATION ON WEB SITE.

Answers are in the quoted text.
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Re: Aliassmith Beats a "Dead Horse"

Postby Don_xyZ » Thu May 12, 2022 9:13 am

aliassmith wrote:
Answers are in the quoted text.


For bootcamp

What if I don't put SL when opening order but when price move favorably I use trailing stop?
What if I open a trade with SL and then keep increasing/moving that SL essentially increasing the pips risked per trade (but still within the risk threshold from the company) ?
Do you trade money for time or time for money?

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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Thu May 12, 2022 9:44 am

Don_xyZ wrote:
aliassmith wrote:
Answers are in the quoted text.


For bootcamp

What if I don't put SL when opening order but when price move favorably I use trailing stop?NO
What if I open a trade with SL and then keep increasing/moving that SL essentially increasing the pips risked per trade (but still within the risk threshold from the company) ? You can move SL as long as its less than 1% risk the whole time.


A SL equal to or less than 1% of your starting account size must be placed when an order is placed.
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Re: Aliassmith Beats a "Dead Horse"

Postby Don_xyZ » Thu May 12, 2022 1:27 pm

aliassmith wrote:
Don_xyZ wrote:
aliassmith wrote:
Answers are in the quoted text.


For bootcamp

What if I don't put SL when opening order but when price move favorably I use trailing stop?NO
What if I open a trade with SL and then keep increasing/moving that SL essentially increasing the pips risked per trade (but still within the risk threshold from the company) ? You can move SL as long as its less than 1% risk the whole time.


A SL equal to or less than 1% of your starting account size must be placed when an order is placed.


A bit silly question but do they also have MT4 or they use their own platform?
Do you trade money for time or time for money?

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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Thu May 12, 2022 1:36 pm

Don_xyZ wrote:
aliassmith wrote:
Don_xyZ wrote:
For bootcamp

What if I don't put SL when opening order but when price move favorably I use trailing stop?NO
What if I open a trade with SL and then keep increasing/moving that SL essentially increasing the pips risked per trade (but still within the risk threshold from the company) ? You can move SL as long as its less than 1% risk the whole time.


A SL equal to or less than 1% of your starting account size must be placed when an order is placed.


A bit silly question but do they also have MT4 or they use their own platform?
MT5
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Re: Aliassmith Beats a "Dead Horse"

Postby trojoh68 » Fri May 13, 2022 8:50 am

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/

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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Fri May 13, 2022 9:20 am

trojoh68 wrote: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?
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