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FTMO - For serious traders

  • #601
  • Aug 22, 2019 8:29am Aug 22, 2019 8:29am
Thanks for the input, maahome.

It does sound simple when you state it like that.

I guess we can just use the "permitted loss" amounts in our Account Metrix as a guide to make sure no rule is violated?

Sorry if this is getting tiresome, but I just really want to know if I'm understanding this correctly.
Amor Fati--F. Nietzsche
  • #602
  • Aug 22, 2019 11:35am Aug 22, 2019 11:35am
Quoting doji
Thanks for the input, maahome. It does sound simple when you state it like that. I guess we can just use the "permitted loss" amounts in our Account Metrix as a guide to make sure no rule is violated? Sorry if this is getting tiresome, but I just really want to know if I'm understanding this correctly.
First time i thought like you.
Since i read more and some enlightenment from this tread i have conclusion the rules are not easy like sound it.
i tried not to look at metrix.
Just trade and try not lose 500 in current day. i thought this was brilliant idea to make us discipline on such volatile market

i Tried to post my activity on challenge every day so we can know this FTMOs program is good enough to participate
is it worth it ??? i don't know... lets see next

Any how this 5th day still on track https://www.mql5.com/en/signals/620841
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I am completely a lazy Trader & Pennies Rebate Hunter
  • #603
  • Aug 23, 2019 1:55am Aug 23, 2019 1:55am
Quoting paroucia
Hello Is it possible to add HotForex broker? the brokers you work with are not accessible in my country! : ( Regards
Dear Parucia,

thank you for your question. Unfortunately, there are no negotiations with HotForex at this time.

To anthon25,

the Trading Objectives are definitely not easy, trading in general is very difficult endeavor, but it can be very rewarding.

To doji,

If you make on a day 250 $, your maximum daily loss is 5% of the initial capital plus the current profit = 750 $. I really recommend to take the Free Trial and monitor your Account MetriX while you trade, it is updated in real time. If you open Anthon´s screenshot from the previous post you can see a field there "Today´s permitted loss" = 590.88 $. This means that he made that day 90.88 $, until midnight (CEST time) he can lose 590.88 $.

I believe we do our best to explain the Trading Objectives in detail so that there are absolutely no surprises and everything is crystal clear.

I wish everyone a peaceful and sunny weekend.

Otakar
  • #604
  • Aug 23, 2019 2:23am Aug 23, 2019 2:23am
Quoting TraderOtakar
{quote}
Dear Otakar,
I asked you a question in post #550
https://www.forexfactory.com/showthr...4#post12433754
  • #605
  • Aug 23, 2019 4:59am Aug 23, 2019 4:59am
MY EA FAILED
I am completely a lazy Trader & Pennies Rebate Hunter
  • #606
  • Aug 23, 2019 5:14am Aug 23, 2019 5:14am
Quoting anthon25
MY EA FAILED
Hey Anthon. Can you explain what exactly happened?
  • #607
  • Aug 23, 2019 5:20am Aug 23, 2019 5:20am
lol.............bro who told you EA work???? EA always failed, in my opinion who develop EAs the person who dont know how to trade manual but he have some strategy and he try to devlp EA and then sell on cheap prices, dont go for Auto do Manual trading...............
  • #608
  • Aug 23, 2019 6:28am Aug 23, 2019 6:28am
Quoting anthon25
MY EA FAILED
Sorry to hear that, anthon25. You were doing very well initially.

What happened? Did you breach your loss limits? Just curious: did you code your EA yourself or was it someone else's?

If I remember correctly, there was a trader from India who successfully passed using an automated system and got funded . But then again, according to Otakar, it was also observed that funded traders with manual systems tended to do better at FTMO.
Amor Fati--F. Nietzsche
  • #609
  • Aug 23, 2019 9:21am Aug 23, 2019 9:21am
Hi TraderOtakar,

If I am an FTMO Trader and I reach the gain of at least 10 added percent points in 1 month instead of 4 months then will my inital capital be increased by 25%? Or I should wait the end of the 4th month?
Thanks in advance.


Best regards,
Ilia
  • #610
  • Aug 23, 2019 12:42pm Aug 23, 2019 12:42pm
I have made an mistake regarding to position sizing and i have lost the challenge see were that account stays today i will try it again in next days
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  • #611
  • Aug 23, 2019 2:35pm Aug 23, 2019 2:35pm
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  • #612
  • Aug 23, 2019 3:19pm Aug 23, 2019 3:19pm
what happen bro you was doing good thing how this happen with your account?
  • #613
  • Aug 23, 2019 3:42pm Aug 23, 2019 3:42pm
Monday is the last day of my challenge. Even though I'm not going to pass all the trading objectives I think my strategy (semi-automated) did pretty well. Statistics look pretty good, don't you think?

Take a look: https://www.mql5.com/en/signals/618203

Have a nice weekend everyone!
  • #614
  • Aug 25, 2019 8:59pm Aug 25, 2019 8:59pm
But you can still make it, mckay.

Wasn't there a trader who reportedly gained 10% on his very first day?

Just make sure your account ends up with a balance greater than your initial capital so you'll be able to take the Challenge again for free!
Amor Fati--F. Nietzsche
  • #615
  • Aug 26, 2019 7:16am Aug 26, 2019 7:16am
Quoting iliavelkov
Hi TraderOtakar, If I am an FTMO Trader and I reach the gain of at least 10 added percent points in 1 month instead of 4 months then will my inital capital be increased by 25%? Or I should wait the end of the 4th month? Thanks in advance. Best regards, Ilia
Hello iliavelkov,

thank you for your question. The capital raise happens in a 4-months cycles, we do not add capital sooner than that.

Hi peterbabs,
also thank you for your question and sorry for missing it. Many times, traders are trading larger accounts, but these are very strictly monitored. Your profit share is 70 % of your balance on the FTMO Account. This is all handled by our funding partner.

Otakar
  • #616
  • Aug 26, 2019 7:52am Aug 26, 2019 7:52am
Quoting TraderOtakar
{quote} Hello iliavelkov, thank you for your question. The capital raise happens in a 4-months cycles, we do not add capital sooner than that. Hi peterbabs, also thank you for your question and sorry for missing it. Many times, traders are trading larger accounts, but these are very strictly monitored. Your profit share is 70 % of your balance on the FTMO Account. This is all handled by our funding partner. Otakar
If I manage 10000 euro account and in the end of the month the balance is 15000 euro then I get 70% of 15000 euro not 70% of the gained profit which is 5000 euro?
I think this is not right. I didn't understand it correctly or you wanted to type "profit" instead of "balance"
Quote
our profit share is 70 % of your balance on the FTMO Account.

Best regards,
Ilia
  • #617
  • Edited 11:47am Aug 26, 2019 8:32am | Edited 11:47am
Quoting iliavelkov
{quote} If I manage 10000 euro account and in the end of the month the balance is 15000 euro then I get 70% of 15000 euro not 70% of the gained profit which is 5000 euro? I think this is not right. I didn't understand it correctly or you wanted to type "profit" instead of "balance" {quote} Best regards, Ilia

I think that you get a 70€ of the money YOU made and that is 5.000€

Let´s see:
If you take pass the Challenge and you piad for the 80.000€ account (540€). At the end of the month YOU made 10.000€ You think you should be getting 70€ of the 90.000€?

Regrads

70 %
  • #618
  • Aug 26, 2019 8:52am Aug 26, 2019 8:52am
Quoting paroucia
{quote} Hi Anthone i said my problem in wrong way. The problem is the brokers FTMO works with don't accept traders from Iran. I'M Iranian.
this won't be a problem : you will not be a brokers client, ftmo is broker client, you will working with an ftmo account
  • #619
  • Aug 26, 2019 9:02am Aug 26, 2019 9:02am
Quoting dnabrasil
{quote} this won't be a problem : you will not be a brokers client, ftmo is broker client, you will working with an ftmo account
dear write in correct words 70% is profit sharing and if he made 10,000$ usd he will be get paid 7000$ ......... on 100k account............
  • #620
  • Aug 26, 2019 11:46am Aug 26, 2019 11:46am
Quoting Casiopea
{quote} I think that you get a 70€ of the money YOU made and that is 5.000€ Let´s see: If you take pass the Challenge and you piad for the 80.000€ account (540€). At the end of the month YOU made 10.000€ You think you should be getting 70€ of the 90.000€? Regrads

70%
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