FTMO - For serious traders | Page 39 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

$1,000,000.00 and Beyond ft. FTMO 29 replies

AkaMRP FTMO Journey 45 replies

FTMO Challenge.... How to beat....? 28 replies

FTMO Challenge; Could Survived? 41 replies

FTMO Challenge & Max Drawdown Issue 5 replies

Attachments: FTMO - For serious traders
Exit Attachments

FTMO - For serious traders

  • #761
  • Oct 30, 2019 4:48am Oct 30, 2019 4:48am
Quoting 4xxxx4
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.
Hi 4xxxx4,

due to the fact that the evaluation process is performed on demo accounts, it comes with certain limitations. On demo accounts, there can be some trading techniques performed in a way which cannot be replicated into the live market environment. And the trading article is about these techniques, which I recommend you to read.

Otakar
  • #762
  • Oct 30, 2019 5:55am Oct 30, 2019 5:55am
Hi TraderOtakar,

It was better if you kindly mention a few examples here.
"Do This and do not do that"
  • #763
  • Oct 30, 2019 7:37am Oct 30, 2019 7:37am
I have ask many times to the tchat on their website, you can trade all instrument present in the broker you choose, without any condition for the challenge and verification, the restriction is for the funded account on real money. If Otakar can confirm please...
  • #764
  • Oct 30, 2019 8:52am Oct 30, 2019 8:52am
Quoting Gregv
I have ask many times to the tchat on their website, you can trade all instrument present in the broker you choose, without any condition for the challenge and verification, the restriction is for the funded account on real money. If Otakar can confirm please...
I took the time to read the Terms again and found conflicting statement, maybe Otakar can clarify. Thanks

https://ftmo.com/en/trading-accordin...e-real-market/
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 38 KB


https://ftmo.com/en/faq/can-i-trade-news/
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 54 KB
  • #765
  • Edited 10:58am Oct 30, 2019 9:15am | Edited 10:58am
You are rigth CliveThien....this is strange. I have ask almost 5 times if I can trade my spécific strategy on challenge and verification phase, with news condition and they have always tell me "YOU CAN"

I hope they don't make this kind of confusion for cancel an account like they want...
  • #766
  • Oct 30, 2019 1:13pm Oct 30, 2019 1:13pm
If it sounds too good to be true, it probably isn't true. This is a scam.
  • #767
  • Oct 30, 2019 5:13pm Oct 30, 2019 5:13pm
Quoting Clivethien
{quote} I took the time to read the Terms again and found conflicting statement, maybe Otakar can clarify. Thanks https://ftmo.com/en/trading-accordin...e-real-market/ {image} https://ftmo.com/en/faq/can-i-trade-news/ {image}
No confusion if you look closer. It states clearly that you can trade the news and over weekends if you are in the challenge or verification stages, however, once you qualify and have a funded account, this is not permitted and you must not open trades less than 5 minutes before or after flagged news events on the FTMO calendar. Quite clearly explained actually. They are giving you more flexibility during the qualifying stages but once you are linked to a real money account then the limitations are placed on the account. Hope this helps.

cheers
maahome
  • #768
  • Oct 30, 2019 9:16pm Oct 30, 2019 9:16pm
Quoting Gregv
You are rigth CliveThien....this is strange. I have ask almost 5 times if I can trade my spécific strategy on challenge and verification phase, with news condition and they have always tell me "YOU CAN" I hope they don't make this kind of confusion for cancel an account like they want...
If they said yes then I guess you are allowed then. I don't straddle news trade anyway.
  • #769
  • Oct 31, 2019 12:02am Oct 31, 2019 12:02am
Quoting gravitist
If it sounds too good to be true, it probably isn't true. This is a scam.

about what ??????
  • #770
  • Oct 31, 2019 12:07am Oct 31, 2019 12:07am
Quoting gravitist
If it sounds too good to be true, it probably isn't true. This is a scam.

about what ??????
  • #771
  • Oct 31, 2019 11:21am Oct 31, 2019 11:21am
Quoting maahome
{quote} No confusion if you look closer. It states clearly that you can trade the news and over weekends if you are in the challenge or verification stages, however, once you qualify and have a funded account, this is not permitted and you must not open trades less than 5 minutes before or after flagged news events on the FTMO calendar. Quite clearly explained actually. They are giving you more flexibility during the qualifying stages but once you are linked to a real money account then the limitations are placed on the account. Hope this helps....
Hi Mahoome,

thank you for providing the explanation.

Dear gravitist,

thank you for saying that our offer is too good to be true. Our clients get exactly what we promise on our website. However, it is very important to mention that our evaluation process does not fit every strategy and most of all, it is not easy to become the FTMO Trader.
  • #772
  • Oct 31, 2019 7:23pm Oct 31, 2019 7:23pm
Just attempted this and I must say it's about timing the market, not time in the market to achieve 10% in 20 trading days, which if you take out Mondays and maybe Fridays then slow days, it is really is a challenge. This is an expectation of 120%/year!, 2.5% for the next week etc. Good traders aim to better inflation 3, 5, 8%/annum to be successful. If you want to attempt the trial choose your starting date wisely and you could do it easily, unwisely you could fail and not by your own trading methods.

The challenge forces you to over trade which is not good in anyone's point of view and does not reflect your true trading protections or styles. This is vastly different from being put under pressure. Over trading is what the 95% retail losers is about.

The free trial cannot be taken seriously, just get a demo account. You get to use MT4 (which is for brokers and Metaquotes and creating bad habits for you) with erratic data feed and wide spreads.

With the challenge you can expect to not have the metrix available for the first week at minimum, support to be mixed personnel and very slow for replies, sometimes up to 2, 3 or more days. In my opinion for the challenge to be credible your trade positions need to be analyzed, entry exit protection etc. to assess whether you should be funded, after the 30 day period. Not forcing an unrealistic profit target which cannot be sustained.

To understand this a little further you only need to review successfully completed challenges on the website and you can see at least three where nearly all trades were losing trades, then one winning trade, which was held to increase the daily percent, then micro trades were place to increase wining percent and they passed the challenge?? In my opinion that does not illustrate you as being a good trader.

The 5er's why such a high entry fee? Honestly if you can make 6% in 20 days DD 4% with fixed SL -1.5% from $400 you should just use your own money.

The others with subscription entries, well just go out and get a loan, it's less costly to you.

I have no doubt there are many good traders who visit here who could pass, but cannot get the establishment funds, and/or will be forced to over trade which brings out ingrained bad habits established by using MT4 which is FTMO's best supported platform. This brings me to why fees are being charged at all? Surely you can make good money from a steady trader who returns +3-5%/month month after month. Only big dollar algos can return 120%/year.
My comments are not to be taken as trading advice, not a financial advisor
  • #773
  • Oct 31, 2019 11:19pm Oct 31, 2019 11:19pm
Quoting cogs
Just attempted this and I must say it's about timing the market, not time in the market to achieve 10% in 20 trading days, which if you take out Mondays and maybe Fridays then slow days, it is really is a challenge. This is an expectation of 120%/year!, 2.5% for the next week etc. Good traders aim to better inflation 3, 5, 8%/annum to be successful. If you want to attempt the trial choose your starting date wisely and you could do it easily, unwisely you could fail and not by your own trading methods. The challenge forces you to over trade which...

its true i started on 14 oct 2019 first week and my first trade was very good if hold my target complete in one day the 2nd week was very bad bcz everyone know at the end of month always market behave very different...........but a patient man, with confidence and discipline can achieve target i am still far from my target but i hope i will, soon InshaAllah........... and best of luck all of you....
  • #774
  • Nov 1, 2019 1:50am Nov 1, 2019 1:50am
Quoting cogs
Just attempted this and I must say it's about timing the market, not time in the market to achieve 10% in 20 trading days, which if you take out Mondays and maybe Fridays then slow days, it is really is a challenge. This is an expectation of 120%/year!, 2.5% for the next week etc. Good traders aim to better inflation 3, 5, 8%/annum to be successful. If you want to attempt the trial choose your starting date wisely and you could do it easily, unwisely you could fail and not by your own trading methods. The challenge forces you to over trade which...
A very good explanation of the reality of the industry...If you can make 2%-4% per month with proper MMangement you are already a champion. Well written
  • #775
  • Nov 1, 2019 3:48am Nov 1, 2019 3:48am
i don't see useful from argument if they scam or not ... to me even if they are real ... with that rule (50% success rate) it's enough to make me stay away from them that's not realistic no one can know or guarantee his percentage rate each month ... and as cogs said ... better to invest your 200 or 300$ in own account instead of paying them as a fees for nothing
  • #776
  • Edited 2:26pm Nov 1, 2019 4:56am | Edited 2:26pm
Quoting TraderOtakar
{quote} Hi Mahoome, thank you for providing the explanation. Dear gravitist, thank you for saying that our offer is too good to be true. Our clients get exactly what we promise on our website. However, it is very important to mention that our evaluation process does not fit every strategy and most of all, it is not easy to become the FTMO Trader.
Hi TraderOtakar!
I am a very profitable trader. Probably way over the average. I’ve been following this discussion for a while and I have to agree completely with the “cogs” and every one who support the same view. The rules, the restrictions and the requirements for profit all together are screwing up the whole concept and work against every single principle found in the practice of a good trader. You are basically restricting some of the most profitable ways of trading while at the same time you set unrealistic profit target for the qualifying process. By setting up rules like that, you are pushing the traders to over trade and make way too risky decisions, something that good traders DO NOT DO. This means that a trader needs a lot of luck in order to qualify for funded FTMO account. Luck is not something good traders rely on.

Further more in a funded account you disable the possibility for trading news and major event. For example : I hope you know what breakout means and I hope you know this is one very popular and extremely profitable approach by setting stop-limits on both sides of the price. You effectively disable this opportunity while you require unrealistic (provided your rules) profit target.

And finally I really don’t like the following statement made by yourself : “However, it is very important to mention that our evaluation process does not fit every strategy and most of all, it is not easy to become the FTMO Trader.”

I am afraid this doesn’t sound very good, mister TraderOtakar, as it sounds like you need to justify all the canceled accounts and failed qualifying attempts.

I am sorry, but until you make the necessary adjustments and changes to you concept, I really suggest the traders to continue trade their own accounts and stay away from FTMO or any other funded account concept.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #777
  • Nov 1, 2019 5:40am Nov 1, 2019 5:40am
Quoting JsCave
i don't see useful from argument if they scam or not ... to me even if they are real ... with that rule (50% success rate) it's enough to make me stay away from them that's not realistic no one can know or guarantee his percentage rate each month ... and as cogs said ... better to invest your 200 or 300$ in own account instead of paying them as a fees for nothing

read again you are misleading totally
  • #778
  • Edited Nov 2, 2019 2:29am Nov 1, 2019 11:48am | Edited Nov 2, 2019 2:29am
Hi,

My deal on DONE bases:
If someone give me $5000 or $ 10000 funded real account (Not Demo)
1. Can deduct fee of $ 155 (One Time) soon as profit reach $200.
2. Profit and loss sharing 50% on up to profit or loss of $500.
3. Maximum draw down of $500.
4. Payments after every 30 days.
5. Minimum 30 trading days.
  • #779
  • Nov 2, 2019 8:46am Nov 2, 2019 8:46am
If i passed the challenge in 10day and verification in 10days do i still need to wait for 60days before i get funded.
  • #780
  • Nov 2, 2019 10:33am Nov 2, 2019 10:33am
Quoting Ovenzb
If i passed the challenge in 10day and verification in 10days do i still need to wait for 60days before i get funded.
Nope you will get messege to contact them for reciving founded account.
2 traders viewing now