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FTMO - For serious traders

  • #741
  • Oct 28, 2019 6:40am Oct 28, 2019 6:40am
Dear Otakar!

I have a few questions for you.

1. Do I have to post (stop loss and take profit)???
If I have, stop loss and take profit must be posted during position opening or it can be posted after position open?

2. If for example I got 100,000 funded FTMO account, I need to pay fee for participation in the following challenges? And how many challenges for one person?

3. Is there any Scaling plan for 100K funded FTMO trader?

Thanks for the answer.
Best regards, Vitalii.
  • #742
  • Oct 28, 2019 10:50am Oct 28, 2019 10:50am
Quoting Vitalisimus
Dear Otakar! I have a few questions for you. 1. Do I have to post (stop loss and take profit)??? If I have, stop loss and take profit must be posted during position opening or it can be posted after position open? 2. If for example I got 100,000 funded FTMO account, I need to pay fee for participation in the following challenges? And how many challenges for one person? 3. Is there any Scaling plan for 100K funded FTMO trader? Thanks for the answer. Best regards, Vitalii.

trader if you dont know basic information dear first read complete objectives and FAQs everything written on site

you will pay whatever you package select you have to subscribe first 10k, 25k, 50k, or 100k.
after payment you will get challenge according to your package you have 30 days to complete as per their objectives (minimum if you complete in 10days)
and then in verification same 30 days (and 10 minimum days)
after that you will get funded account same equity you had in challenge and verification
on first withdrawal you will get your fees back with your 70% share
every position must be open with sl and tp at entry price means you have to put 1st sl and tp and then enter in trade
  • #743
  • Oct 28, 2019 11:29am Oct 28, 2019 11:29am
Just wanted to double-check, is the funded amount actual account $, or account $ with leverage? So for $10,000 it's actually $1000 with 1:10 leverage?
  • #744
  • Oct 28, 2019 11:34am Oct 28, 2019 11:34am
Quoting GodRa
Just wanted to double-check, is the funded amount actual account $, or account $ with leverage? So for $10,000 it's actually $1000 with 1:10 leverage?
No, if you choose 10.000 account, then your funded account will be 10.000 with 1:100 leverage.

If you choose 100k, then you will have 100k balance in funded account
  • #745
  • Oct 28, 2019 11:45am Oct 28, 2019 11:45am
Quoting fllo19
{quote} No, if you choose 10.000 account, then your funded account will be 10.000 with 1:100 leverage. If you choose 100k, then you will have 100k balance in funded account


lol.............i said the same if you choose whatever package in start you will trade in challenge and verification and then funded account same equuity.............
  • #746
  • Oct 28, 2019 12:15pm Oct 28, 2019 12:15pm
Quoting waqas3666
{quote} trader if you dont know basic information dear first read complete objectives and FAQs everything written on site you will pay whatever you package select you have to subscribe first 10k, 25k, 50k, or 100k. after payment you will get challenge according to your package you have 30 days to complete as per their objectives (minimum if you complete in 10days) and then in verification same 30 days (and 10 minimum days) after that you will get funded account same equity you had in challenge and verification on first withdrawal you will get your...


Please tell where did you see information about SL on the site?????
  • #747
  • Oct 28, 2019 12:24pm Oct 28, 2019 12:24pm
Quoting Vitalisimus
{quote} Please tell where did you see information about SL on the site?????
I am in the challenge stage now and is not required to preset SL/TP. I use one click trading most of the time. Not sure if additional rule on this applies on funded account stage.
  • #748
  • Oct 28, 2019 12:28pm Oct 28, 2019 12:28pm
Quoting Clivethien
{quote} I am in the challenge stage now and is not required to preset SL/TP. I use one click trading most of the time. Not sure if additional rule on this applies on funded account stage.

i dont have exact link but as per my knowledge sl tp must be at the entry time, i have a question what is problm with sl and tp at entry time you can change up down whatever you want
  • #749
  • Oct 28, 2019 12:33pm Oct 28, 2019 12:33pm
Quoting Clivethien
{quote} I am in the challenge stage now and is not required to preset SL/TP. I use one click trading most of the time. Not sure if additional rule on this applies on funded account stage.
You put your SL or TP when you open a trade, or when the trade is opened.
  • #750
  • Oct 28, 2019 12:39pm Oct 28, 2019 12:39pm
Quoting Vitalisimus
{quote} You put your SL or TP when you open a trade, or when the trade is opened.
I can open trade without setting SL/TP.

Per your question earlier, there is a scaling plan for every 4 months and profit more than 10%.
If I am not mistaken, max is 300k/trader.

Please check their website FAQ for more details https://ftmo.com/en/faq/
  • #751
  • Oct 28, 2019 12:49pm Oct 28, 2019 12:49pm
Thank you for reply Clivethien!

But here is information about how many accounts can trader have and summ 300K.

We allow a maximum of 3 $100,000 accounts per trader, per strategy. In other words, the maximum allocation per trader per strategy is $300,000 and this can be spread out as 3 accounts with $100k, or 6 accounts with $50k, or 12 accounts with $25k, etc. This is due to a risk diversification as we don't want to allocate a big portion of our investment on one card.
For example, you can have 3 individual Challenges, each one with $100,000. That makes it $300,000 together. If you would like to combine your successfully passed evaluation accounts into one master FTMO funded account, we can do so upon request.

But no word about scaling plan on 100K account.

It is only scaling plan on 50K account.
  • #752
  • Oct 28, 2019 12:51pm Oct 28, 2019 12:51pm
Quoting Clivethien
{quote} I can open trade without setting SL/TP. Per your question earlier, there is a scaling plan for every 4 months and profit more than 10%. If I am not mistaken, max is 300k/trader. Please check their website FAQ for more details https://ftmo.com/en/faq/

yes they have scaling plan but after every 4 month if you achieve 10% and maintain 10% each month upto 4 months
  • #753
  • Oct 28, 2019 12:54pm Oct 28, 2019 12:54pm
Quoting Vitalisimus
Thank you for reply Clivethien! But here is information about how many accounts can trader have and summ 300K. We allow a maximum of 3 $100,000 accounts per trader, per strategy. In other words, the maximum allocation per trader per strategy is $300,000 and this can be spread out as 3 accounts with $100k, or 6 accounts with $50k, or 12 accounts with $25k, etc. This is due to a risk diversification as we don't want to allocate a big portion of our investment on one card. For example, you can have 3 individual Challenges, each one with $100,000. That...

have you done challenge and verification, i think these are unnecessary questions first of all you take challenge if you succeed i think 100k is not a small amount and there is no restriction on lot sizes if you go for other prop firms like bluefx or any other you are restricted, why you wasting time on this talk...go first prove yourself ......
  • #754
  • Oct 28, 2019 2:12pm Oct 28, 2019 2:12pm
Especially for those who are on an armored train ...
Normal people, before embarking on anything, study the question thoroughly (ask questions, study various details) and only then get down to business.
There is another category of people who first do and then think. You suggest it.
Initially, I asked a question to Otakar and support, not for you.
Of all the posts that you answered, there is nothing useful, only copy-paste from the site and your opinion that I don’t need for nothing.
I do not waste your time, I need the answer of the topic creator and other normal users who in practice know the details.
  • #755
  • Oct 28, 2019 10:08pm Oct 28, 2019 10:08pm
Quoting Vitalisimus
Thank you for reply Clivethien! But here is information about how many accounts can trader have and summ 300K. We allow a maximum of 3 $100,000 accounts per trader, per strategy. In other words, the maximum allocation per trader per strategy is $300,000 and this can be spread out as 3 accounts with $100k, or 6 accounts with $50k, or 12 accounts with $25k, etc. This is due to a risk diversification as we don't want to allocate a big portion of our investment on one card. For example, you can have 3 individual Challenges, each one with $100,000. That...
I suppose the max you can have is $300k as a starter. And the scaling plan should work for any account size. They also stated that scaling plan is indefinite as long as you keep profiting cumulative of 10% every 4 months. I could be wrong, better check with Otakar
  • #756
  • Oct 28, 2019 11:15pm Oct 28, 2019 11:15pm
Quoting Clivethien
{quote} I suppose the max you can have is $300k as a starter. And the scaling plan should work for any account size. They also stated that scaling plan is indefinite as long as you keep profiting cumulative of 10% every 4 months. I could be wrong, better check with Otakar

yes the maximum allocation of funds is 300k you can get 3 accounts with 100k or 6 accounts with 50k....... but not more then 300k...........
  • #757
  • Oct 29, 2019 2:33am Oct 29, 2019 2:33am
Quoting Vitalisimus
{quote} You put your SL or TP when you open a trade, or when the trade is opened.
It's allowed not to set TP or SL as long as you don't violate the drawdown and loss rules.
FTMO let you to freely use any legal strategy including scalping and lot of scalpers not set TP and SL.
all the information you need are described in FAQ
  • #758
  • Oct 29, 2019 3:52am Oct 29, 2019 3:52am
Quoting selfrit
{quote} It's allowed not to set TP or SL as long as you don't violate the drawdown and loss rules. FTMO let you to freely use any legal strategy including scalping and lot of scalpers not set TP and SL. all the information you need are described in FAQ

so if i open a trade 1$ standard lot without tp and sl and close in profit means a small profit 80, 90 or 100 it doesnt matter how much profit i took but i have not violate any rules its ok ? am i right bcz most of my positions on spike time i miss some tps in putting tp and sl on positions
  • #759
  • Oct 29, 2019 7:03am Oct 29, 2019 7:03am
Quoting waqas3666
{quote} so if i open a trade 1$ standard lot without tp and sl and close in profit means a small profit 80, 90 or 100 it doesnt matter how much profit i took but i have not violate any rules its ok ? am i right bcz most of my positions on spike time i miss some tps in putting tp and sl on positions
Yes it is ok, you can do that.
  • #760
  • Oct 29, 2019 8:41am Oct 29, 2019 8:41am
Hi Traders!
FTMO:
Trading according to the real market? What is this? What is Real Market? What does this mean? Please give details here.
Thank you in advance.
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