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FTMO - For serious traders

  • #221
  • Nov 16, 2017 2:27am Nov 16, 2017 2:27am
Dear Oktar,

I dont understand your model. Do you want the traders to trade at your broker or are you seeking to invest in a profitable managed forex account?

Please see our performance at performance-fx dot com. 2015: 3%, 2016: 26% and YTD 2017: 21%

Cheers
  • #222
  • Nov 16, 2017 3:36am Nov 16, 2017 3:36am
Quoting timos
I have some questions CHALLENGE 10 $10,000 initial capital Trading Period 30 days Minimum Trading Days 10 Positive Days 50% Maximum Daily Loss $500 Maximum Loss $1,000 Profit Target $1,000 Price: €155 Trading Period 30 days - Does it mean trader must pay 155 Euros every 30 days? Positive days - What if a trader is swing trader with small losses (which don't exceed the max loss) 7-8 days but 1-2 days make more than the losses ? Profit target - In how many days a trader must meet the target ?
Hello Timos,

Thank you for your questions.
1) There is just one-time payment for the whole evaluation process.

2) Our project is more suitable for intraday traders with stable results. That is why we have these Trading Objectives. If you know, that your trading style does not fit into our Trading Objectives, then unfortunately our project is not the right match for you.

3) You have 30 calendar days in the Challenge to meet the profit target and 60 calendar days in the Verification. In every phase you need to trade at least 10 trading days. If you meet all the Trading Objectives except the required profit target and your account is positive, we will give you a new Challenge for free.

Otakar
FTMO.com / Funding for serious trader
  • #223
  • Nov 17, 2017 1:55am Nov 17, 2017 1:55am
Happy Friday Traders,

for traders interested in our Dax Pre-market analysis, just click here: https://ftmo.com/en/dax-17-11-2017/

Otakar
FTMO.com / Funding for serious trader
  • #224
  • Nov 17, 2017 2:17am Nov 17, 2017 2:17am
BTW - what is your yield expectation?
I came across traders who are killing themselves because they think they can trade a 5.000 USD account to 50.000 USD in a year and up to 500.000 USD in one year after that... We are targeting a steady 20% per year and that works nicely.

I would be really interested to know, what kinds of yields the traders in this forum a) expect and b) achieve.
  • #225
  • Nov 17, 2017 2:56am Nov 17, 2017 2:56am
Quoting abookforex
BTW - what is your yield expectation? I came across traders who are killing themselves because they think they can trade a 5.000 USD account to 50.000 USD in a year and up to 500.000 USD in one year after that... We are targeting a steady 20% per year and that works nicely. I would be really interested to know, what kinds of yields the traders in this forum a) expect and b) achieve.
https://ftmo.com/en/trading-objectives/

as per the website, it is 10%plus gain in 30 days period.
with a 10% max loss from peak, and 5% max daily loss limit.
there is always, always another trade!!
  • #226
  • Nov 17, 2017 3:01am Nov 17, 2017 3:01am
Quoting TraderOtakar
{quote} Hello Timos, Thank you for your questions. 1) There is just one-time payment for the whole evaluation process. 2) Our project is more suitable for intraday traders with stable results. That is why we have these Trading Objectives. If you know, that your trading style does not fit into our Trading Objectives, then unfortunately our project is not the right match for you. 3) You have 30 calendar days in the Challenge to meet the profit target and 60 calendar days in the Verification. In every phase you need to trade at least...
but if you not hit any loss objectives but happen to have small losses in the end of the challenge, you have a new one-time payment.
welcome to the loop.
there is always, always another trade!!
  • #227
  • Nov 17, 2017 7:16am Nov 17, 2017 7:16am
what size can you trade in the 10000 challenge and is open to USA traders
  • #228
  • Nov 17, 2017 8:56pm Nov 17, 2017 8:56pm
Attached Image (click to enlarge)
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  • #229
  • Nov 20, 2017 3:24am Nov 20, 2017 3:24am
Happy Monday Traders,

for traders interested in our Dax Pre-market analysis, just click here: https://ftmo.com/en/dax-20-11-2017/

Otakar
FTMO.com / Funding for serious trader
  • #230
  • Nov 21, 2017 1:42am Nov 21, 2017 1:42am
Good morning,

for traders interested in our Dax Pre-market analysis, just click here: https://ftmo.com/en/dax-21-11-2017/

Otakar
FTMO.com / Funding for serious trader
  • #231
  • Nov 21, 2017 2:10am Nov 21, 2017 2:10am
So any update on who did pass or any changes in the 2 steps challenge
  • #232
  • Nov 21, 2017 8:19am Nov 21, 2017 8:19am
Quoting TraderOtakar
{quote} Hello Timos, Thank you for your questions. 1) There is just one-time payment for the whole evaluation process. 2) Our project is more suitable for intraday traders with stable results. That is why we have these Trading Objectives. If you know, that your trading style does not fit into our Trading Objectives, then unfortunately our project is not the right match for you. 3) You have 30 calendar days in the Challenge to meet the profit target and 60 calendar days in the Verification. In every phase you need to trade at least 10 trading days....
If a trend follower trader open a trade that last 10 days,how come it only count as 1 day?
what time your day start/end using new york time?
how many lots are permitted with a 40k balace?
As with any system or strategy, it is not 100%
  • #233
  • Nov 21, 2017 8:28am Nov 21, 2017 8:28am
Quoting alicia19
{quote} If a trend follower trader open a trade that last 10 days,how come it only count as 1 day? what time your day start/end using new york time? how many lots are permitted with a 40k balace?
a trend follower can close and reopen same trade during the day, and the min 1 trade a day issue solved. the one spread cost + commission on majors minimal.

there not seem to be maximum lot, however 40k acct has -2000$ a day should you open 10 lots on it, it only needs a 20 pips move against you to forfeit the trial.
open 1 lot only, and you will need net 400 pips or more to pass the test.
so, your ideal trading position size should be somewhere between these....
there is always, always another trade!!
  • #234
  • Nov 21, 2017 5:59pm Nov 21, 2017 5:59pm
Quoting profitfarmer
{quote} a trend follower can close and reopen same trade during the day, and the min 1 trade a day issue solved. the one spread cost + commission on majors minimal. there not seem to be maximum lot, however 40k acct has -2000$ a day should you open 10 lots on it, it only needs a 20 pips move against you to forfeit the trial. open 1 lot only, and you will need net 400 pips or more to pass the test. so, your ideal trading position size should be somewhere between these....
22 trading days to pass the test. That's only an average of 20 pips profit per day. Opening only 1 lot is the safest way to go with an added trade only when the first is in profit with BE+ locked in.
Conventional trading is for losers
  • #235
  • Nov 21, 2017 11:10pm Nov 21, 2017 11:10pm
Quoting Ralffe
{quote} 22 trading days to pass the test. That's only an average of 20 pips profit per day. Opening only 1 lot is the safest way to go with an added trade only when the first is in profit with BE+ locked in.
beg to disagree.
if you are trying to trend trade, and misjudge your entry enough to not move up, you will run out of time.
the close (part or all) and re-open was a comment only on how a trend trader even if down could comply to the open at least 1 trade day rule. ( min 10 trading days)

as for the trading itself, the system is tilted toward day traders. it is always preferable to judge a performance over a larger sample of entries vs 1-2 trend trades that may have more 'luck factor'.
there is always, always another trade!!
  • #236
  • Nov 21, 2017 11:18pm Nov 21, 2017 11:18pm
Quoting profitfarmer
{quote} a trend follower can close and reopen same trade during the day, and the min 1 trade a day issue solved. the one spread cost + commission on majors minimal. there not seem to be maximum lot, however 40k acct has -2000$ a day should you open 10 lots on it, it only needs a 20 pips move against you to forfeit the trial. open 1 lot only, and you will need net 400 pips or more to pass the test. so, your ideal trading position size should be somewhere between these....

1 Lot per trade !! man this is like micro lot to me i feel am trapped i cant be part of this challenge . they should make an option that the max daily dd can be 6k BUT the net monthly profit target is like 50% . as there are crazy traders , also there are crazy investors .
  • #237
  • Nov 21, 2017 11:40pm Nov 21, 2017 11:40pm
Quoting abusaad412
{quote} 1 Lot per trade !! man this is like micro lot to me i feel am trapped i cant be part of this challenge . they should make an option that the max daily dd can be 6k BUT the net monthly profit target is like 50% . as there are crazy traders , also there are crazy investors .
in a way the rules are crazy enough.
there doesnt seem to be max lot size, some prop firms indeed limit that.
basicly 10% a month ( trial period) x2 is not a low profit target with 5% max loss...that alone if the same continue being funded will most likely cause traders to miss target or pass the max DD% to disqualify....and leads back that the model is tweaked to have traders fail it.
there is always, always another trade!!
  • #238
  • Nov 22, 2017 12:07am Nov 22, 2017 12:07am
Quoting profitfarmer
{quote} in a way the rules are crazy enough. there doesnt seem to be max lot size, some prop firms indeed limit that. basicly 10% a month ( trial period) x2 is not a low profit target with 5% max loss...that alone if the same continue being funded will most likely cause traders to miss target or pass the max DD% to disqualify....and leads back that the model is tweaked to have traders fail it.
  • #239
  • Nov 22, 2017 1:59am Nov 22, 2017 1:59am
Happy Wednesday,

for traders interested in our Dax Pre-market analysis, just click here: https://ftmo.com/en/dax-22-11-2017/

I will answer all your questions today.


Otakar
FTMO.com / Funding for serious trader
  • #240
  • Nov 22, 2017 6:08am Nov 22, 2017 6:08am
Hello Abookforex,

we are not a broker, we are seeking for good traders to provide them with our company´s capital. Our yield expectation is also moderate, some traders lose money after they receive FTMO account. On the other hand, some traders perform well.

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Hello Alicia19,
thank you for your questions.

  1. If a trade is held over multiple days, the day when the trade was executed is considered as the trading day. For more information please click here.
  2. We use Central European Time (+6 hours from NY time) to calculate the maximum daily loss. We will be adding an option to choose your time zone soon.
  3. You are free to trade any lot size, but your trading style must fit into our risk management parameters.

-----------
Hello Abusaad412,
if you make consistently 50 % monthly, you do not need an investor .

-----------
Hello Profitfarmer,
we require profit of 10% in the Challenge, traders have 30 days to achieve it, 5 % in the Verification, traders have 60 days to achieve it and we do not set any profit target on our FTMO traders. We do not want our traders to fail.


Otakar
FTMO.com / Funding for serious trader

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