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FTMO - For serious traders

  • #841
  • Dec 10, 2019 8:19am Dec 10, 2019 8:19am
Quoting WlodekC
Could you TraderOtakar or any founded trader who is trading for FTMO , share link to trading account on " myfxbook " or MQL5 or give me login and inveators password ? I just want proof , that it is real.
You can check my EAs with myfxbook link or MQL5 link

https://www.myfxbook.com/members/fxv...profit/3571521

https://www.myfxbook.com/members/fxvnpro

https://www.mql5.com/en/signals/author/ritaforex
fxvnprodotcom
  • #842
  • Dec 10, 2019 8:22am Dec 10, 2019 8:22am
Quoting dnabrasil
{quote} interesting, could you give more information?
why hot you can ask me in PM.............
  • #843
  • Dec 10, 2019 9:43am Dec 10, 2019 9:43am
Quoting waqas3666
Hy everyone i have talk with a prop firm and they are agree to give me discount on Micro accounts that range between 2500$ to 15000$ Funded Account. I can give you 25% fee less then their price, so if you wanna join let me know i will send them request. 2,500 USD Initial Capital 49$ 5,000 USD Initial Capital 99$ 10,000 USD Initial Capital 149$ 15,000 USD Initial Capital 199$ Discount Price 37$ for 2500$ 75$ for 5000$ 112$ for 10000$ 150$ for 15000$ 40% to 90% profit share for traders.............
I think these guy need to be banned from thred advertise something else here!? #otkar action he make delusion and mes ppl's minds1?
  • #844
  • Dec 10, 2019 7:54pm Dec 10, 2019 7:54pm
Quoting waqas3666
If you are looking for a better option i have proposition for all of you my dear traders 20000$ equity 2000$ loss limit (no daily no weekly loss limit, only drawdown limit 10%) 1:100 leverage no over weekend allowed no news trading you can use 30 lot maximum on 20k equity you can withdraw profit anyday anytime at reaching 10% and another gud thing compare to other prop firms they will not keep 10% in account and double, they will give your 10% profit share and also double the account upto 100k 60% profit for traders onetime fee if you wanna pay...

sent you a message
  • #845
  • Dec 12, 2019 10:48am Dec 12, 2019 10:48am
Hi Traders!

I have passed free trial today and need to complete minimum 10 days.
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  • #846
  • Dec 12, 2019 4:14pm Dec 12, 2019 4:14pm
Do you understand now why ftmo have ristricted trading some events!!! Here easy could happend the opposite and you will come back with empty account with not proper MM
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  • #847
  • Dec 12, 2019 4:29pm Dec 12, 2019 4:29pm
Quoting mizi123
Do you understand now why ftmo have ristricted trading some events!!! Here easy could happend the opposite and you will come back with empty account with not proper MM {image}
This is not restricted event by FTMO though but yea, such a crazy moment, would avoid trading it anyway
  • #848
  • Dec 13, 2019 6:16am Dec 13, 2019 6:16am
Quoting 4xxxx4
Hi Traders! I have passed free trial today and need to complete minimum 10 days. {image}

i can get a 10k challenge for you if you interested PM.............
  • #849
  • Dec 13, 2019 9:21am Dec 13, 2019 9:21am
waqas3666; i can get a 10k challenge for you if you interested PM.............[/quote]

Thank you for your response. Yes i am interested. I want to contact you for detail info.
  • #850
  • Dec 14, 2019 5:00am Dec 14, 2019 5:00am
Hi,

Anyone from India as Funded trader. I want to know how we pay tax in India for the profit share that we receive to our Indian account.
Is it legal in India to trade forex thru firm like FTMO?. Do we need to inform bank when the profit share is transferred?. If i say I am self-employed, do i need to get a GST?

Regards,
Vivi-l
  • #851
  • Dec 15, 2019 11:12pm Dec 15, 2019 11:12pm
I will try the 14 day free challenge and see if I can pass.
  • #852
  • Dec 16, 2019 10:50am Dec 16, 2019 10:50am
https://ftmo.com/en/december-updates-at-ftmo/

Does the removing of positive days for the whole 40 day duration, or only in December?
  • #853
  • Dec 17, 2019 6:07am Dec 17, 2019 6:07am
I've been wondering why they use the retail brokers they do. Why not just deal directly with PoP liquidity provider?
I assume they have a deal with these broker and receive rebate on commission/spreads.
The challenge is not particularly difficult.
Once you receive funding, obviously the daily loss and total loss % rule apply forever, but do you still need to make >10% every month with >50% profit days?

If you only manage to make 8.9% one month is your funding cancelled? If so this is no doubt what happens to most people.
  • #854
  • Dec 17, 2019 6:19am Dec 17, 2019 6:19am
Quoting BubaYaga
I've been wondering why they use the retail brokers they do. Why not just deal directly with PoP liquidity provider? I assume they have a deal with these broker and receive rebate on commission/spreads. The challenge is not particularly difficult. Once you receive funding, obviously the daily loss and total loss % rule apply forever, but do you still need to make >10% every month with >50% profit days? If you only manage to make 8.9% one month is your funding cancelled? If so this is no doubt what happens to most people.
Not sure if they do receive at commission at all since it is a demo account. I suppose it is not feasible for them to deal directly with LP as they are not actually receiving deposit. I personally experience quite frequent data feed delay though compared to normal demo account, not sure if it happens to other FTMO trader.

There is no profit target after you pass the 2 stage of challenge and verification.
  • #855
  • Dec 17, 2019 6:28am Dec 17, 2019 6:28am
Quoting Clivethien
{quote} Not sure if they do receive at commission at all since it is a demo account. I suppose it is not feasible for them to deal directly with LP as they are not actually receiving deposit. I personally experience quite frequent data feed delay though compared to normal demo account, not sure if it happens to other FTMO trader. There is no profit target after you pass the 2 stage of challenge and verification.
The challenge and verification stage is demo, but I assume once funded you would be using a live account?
It's good to know there is no profit target once funded, thank you.
  • #856
  • Dec 17, 2019 7:01am Dec 17, 2019 7:01am
It will be demo account too at funded account stage.
  • #857
  • Dec 17, 2019 7:07am Dec 17, 2019 7:07am
Quoting Clivethien
It will be demo account too at funded account stage.
Interesting, yes I just dug a little deeper and found this is true. They use demo accounts which are linked to the FTMO master account.
Thanks again.
  • #858
  • Dec 17, 2019 10:52am Dec 17, 2019 10:52am
How many times do I get a second chance? https://ftmo.com/en/faq/if-i-fail-do...second-chance/
  • #859
  • Dec 17, 2019 11:20am Dec 17, 2019 11:20am
Hi Otakar!

First, let me say that I am very excited for the FTMO challenge! I discovered FTMO about 1 year ago and decided to create an EA that was made specifically for the challenge. I have spent the last year developing and optimizing this EA and have recently started to run it on a demo account. Here is the link to the MyFXBook account so far (about 2 weeks or so of trading): http://www.myfxbook.com/members/Trad...ionics/3778577

As you can see, my EA met the challenge criteria in the first few days (2% risk per trade). Although, I will probably lower the risk to 1%-1.5% risk per trade during actual challenge and during funded account to be on the safe side. I should have done a free trial during this period, but I think my FX book will suffice.

Anyways, I have a couple questions

1. Regarding the extension of the trading period during challenge from 30 to 40 days, do I have to begin the challenge account before the 20th or just purchase the challenge before the 20th? For instance, if I purchase the trial on the 18th (tomorrow), but I don’t make my first trade/start the challenge until the 23rd, then will I still be entitled to the 40 day challenge or will I only get 30 days to pass?

2. hypothetically, if I pass the profit percent criteria of the challenge in the first two trading days and make tiny micro lot trades on 8 other trading days, will I pass the challenge? Is there a minimum amount of volume that must be traded for it to be considered as a trade?

I look forward to hearing from you and working with FTMO!
  • #860
  • Dec 17, 2019 11:41am Dec 17, 2019 11:41am
Quoting GodRa
How many times do I get a second chance? https://ftmo.com/en/faq/if-i-fail-do...second-chance/
As long as you have money to take challange how much as you want
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