After our previous MFF vs Traders episode we heard your feedback and bring you EPISODE 2 of our MFF vs Traders greatest trading challenge.
In this episode, we will be expanding the userbase on who will be eligible for the challenge, adjusting the rules a little bit and the MFF trader will be Connor Mccourt, one of our respected support staff.
We are enabling ANY account size to enter into the event this time.
The registration will be until 12th September, Competition will start when the market opens at 13th September.
How it works
Every fortnight we will open a new MFF vs Traders trading challenge to the public. Each user including the MFF trader will be required to have a brand new evaluation account. We will announce the period to opt-in for the challenge 1 week in advance.
Your account will enter a leaderboard system which will be published here on our blog as well as in discord and on social media. We will use account numbers as identifiers of traders and the name of the staff member from MFF. At the end of two weeks, whoever is the leader (within the rule parameters) will win the ability to skip phase 2 and be refunded their evaluation fee after completing phase 1.
Currently, we are limiting the total number of participants to MFF’s trader + 25 traders.
A user must pass the ordinary evaluation to receive the reward if they have not completed the evaluation within the 2 week period of the challenge
How to opt-in
To opt-in simply go to our landing page at https://www.myforexfunds.com/mff-vs-traders-trading-challenge and fill in your details there. Please make sure you have a fresh evaluation before opting in.
All account sizes are welcome in this Episode and we will look to run these consistently every fortnight from this point forward.
Rules? More rules!
Obviously with a challenge like this allowing gambling style trading just will not be happening. This is a human vs human competition where we want to keep luck out of the equation. A funded trader talent challenge to show your strength as a trader using professional techniques to defeat the other. For this reason, we have developed the following rules for this program:
1) Max lots open at any time – Forex and metals 0.1 per 1k of trading balance CFD’s 1 lot per 1k of trading balance
2) All trades must have a stop loss
3) No EA’s (including trade copiers), human trading talent only.
4) No weekend holding
5) MFF staff must record themselves taking every trade
Now, about the rules.
Rule #1 is set to make sure that people are using reasonable risk management in their trading. These settings are based on the traders who pass and are successful in our 100k evaluation program. This is the average holding size of the better traders in our database.
Rule #2 is again to prove that you are using proper risk management. No stop loss suggests you are not taking risk management seriously and are willing to hold a trade forever. Failure to implement a stop loss will be breaking the rules
Rule #3 this is just to ensure its human vs human with no outside help or advantage. Its not an attack on EA’s just is not the purpose of this trading challenge. Trade copiers are also not allowed due to the fact we can’t verify that the original trade was taken by a human.
Rule #4 This is to make the trading challenge a more active trading approach. It is not an attack on those who hold trades over the weekend its just to keep this trading challenge active.
Rule #5 This is so you can tell we are on the up and up. We will be providing a compilation of our trade videos as evidence and entertainment whilst doing this challenge.
Importantly, if you break these rules, you will not lose your evaluation account, you will just be disqualified from the leaderboard. No harm no foul.
We all take our trading seriously, but sometimes we must have fun with it as well. This trading challenge enables us to go about our trading in a fun way and get a nice reward if we are successful. Our staff are working close with you all providing support and services and trading together will bring the family closer together.
So, who will be victorious in Episode 2 of this challenge?
We will see you on the trading floor!