FTMO - For serious traders | Page 57 | 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

  • #1,121
  • Feb 12, 2020 1:31am Feb 12, 2020 1:31am
Quoting Hedgebitcoin
{quote} How can you blame lmax? They have their licensed Metatrader server and hosted in two locations. Neither operate on the IP address of Rinkost/TTrader
Well, then, I think FTMO needs to do quite a bit of explaining for how it happened that instead of LMAX, it ended up apparently as a white label for the discredited Rinkost.
Amor Fati--F. Nietzsche
  • #1,122
  • Feb 12, 2020 2:12am Feb 12, 2020 2:12am
Quoting xmess7
Hi Folks: Onward to the verification phase: https://ftmo.com/en/metrix/11179517/?sharer=7474007fd PEACE Jess {image}
Can I ask why the Permitted Faily Loss as well as Permitted Loss are higher than fixed sums? Why rhey increase? As I know max possible daily and overall losses are fixed as 5-10% of initial bslance disregarding gained profits.
always draw trendlines
  • #1,123
  • Feb 12, 2020 2:23am Feb 12, 2020 2:23am
Anyone noticed all the double candles yet? OHLC near matching previous? Leave this up to your imagination and resolution.

Attached Image (click to enlarge)
Click to Enlarge Name: FTMO Double Candles.png Size: 109 KB
My comments are not to be taken as trading advice, not a financial advisor
  • #1,124
  • Feb 12, 2020 2:29am Feb 12, 2020 2:29am
Quoting tk5
{quote} Can I ask why the Permitted Faily Loss as well as Permitted Loss are higher than fixed sums? Why rhey increase? As I know max possible daily and overall losses are fixed as 5-10% of initial bslance disregarding gained profits.
Max loss is 10% of start balance - i f you make $1000 then max loss is $11000. Daily is same start with $5000 max loss - make 1000 on the day max loss for that day becomes $6000 - this will revert back to 5k for the next day so be careful of open positions.

Regards
maahome
  • #1,125
  • Feb 12, 2020 2:40am Feb 12, 2020 2:40am
Quoting maahome
{quote} Max loss is 10% of start balance - i f you make $1000 then max loss is $11000. Daily is same start with $5000 max loss - make 1000 on the day max loss for that day becomes $6000 - this will revert back to 5k for the next day so be careful of open positions. Regards maahome
As I know website suggests that max overall loss is 10% of initial balance no matter how much you gained on it eventually (regardless of current balance). Lets say, if 25k challenge...it is 2500$ loss any time..even if you gain 3k profit on 25k..10% of 25k will be counted...thats why i wonder why it increases
always draw trendlines
  • #1,126
  • Feb 12, 2020 2:50am Feb 12, 2020 2:50am
Hi

What I've noticed is that the negative balance you reach with your open trades plays a major role. They use that to count your Daily Loss... So if today your open trades go as low as -$2000 and tomorrow you it goes to -$2450. Then the fixed Max Daily Loss will be the lowest DD -$2450.
Attached Image (click to enlarge)
Click to Enlarge Name: FTMO.png Size: 173 KB
www.t.me/tradepropmatic_ceo
  • #1,127
  • Feb 12, 2020 4:07am Feb 12, 2020 4:07am
Quoting Neoking
Hi What I've noticed is that the negative balance you reach with your open trades plays a major role. They use that to count your Daily Loss... So if today your open trades go as low as -$2000 and tomorrow you it goes to -$2450. Then the fixed Max Daily Loss will be the lowest DD -$2450.{image}
That is correct - the daily loss is 10% comprised of both open drawdown and closed losses. All these thinga are covered very clearly in the videos and help articles on the site.

Cheers
maahome
  • #1,128
  • Feb 12, 2020 4:12am Feb 12, 2020 4:12am
Quoting tk5
{quote} As I know website suggests that max overall loss is 10% of initial balance no matter how much you gained on it eventually (regardless of current balance). Lets say, if 25k challenge...it is 2500$ loss any time..even if you gain 3k profit on 25k..10% of 25k will be counted...thats why i wonder why it increases
As I mentioned earlier, there is a difference between daily and overall losses. All these questions are covered very clearly in the videos and help articles on the site.

To use your example - Monday start with 25k. Max account loss = 2500 and Max Loss for today = 1250 - win 100 - new day max loss is 1350. Account max loss is now $2600. Tuesday max loss for account is $2600 (2500 +100) and new daily max loss is reset to 1250 (5% of starting capital 25000).

Can't explain it any clearer than that.
Cheers
maahome
  • #1,129
  • Edited 7:42am Feb 12, 2020 7:30am | Edited 7:42am
Quoting maahome
{quote} As I mentioned earlier, there is a difference between daily and overall losses. All these questions are covered very clearly in the videos and help articles on the site. To use your example - Monday start with 25k. Max account loss = 2500 and Max Loss for today = 1250 - win 100 - new day max loss is 1350. Account max loss is now $2600. Tuesday max loss for account is $2600 (2500 +100) and new daily max loss is reset to 1250 (5% of starting capital 25000). Can't explain it any clearer than that. Cheers maahome
After only chatting with customer service I finally clarified. You know communication of this rule by the firm is little upside down, creates misunderstanding.

It is basically this: max permitted loss is total of a) Any profit sum on top of initial balance (if gained) + b) 10% of initial balance. You can allow this much loss at any time. Basically, your gained profit on initial balance counts to to permitted loss amounts!
always draw trendlines
  • #1,130
  • Feb 12, 2020 7:44am Feb 12, 2020 7:44am
Quoting tk5
{quote} After only chatting with customer service I finally clarified. You know communication of this rule by the firm is little upside down, creates misunderstanding. It is basically this: max permitted loss is total of a) Any profit sum on top of initial balance (if gained) + b) 10% of initial balance. You can allow this much loss at any time. Basically, your gained profit on initial balance counts to to permitted loss amounts!
Which is exactly what I wrote above - note that applies to the account balance, NOT the daily loss amount. Suggest you watch this video:
Inserted Video


Regards
maahome
  • #1,131
  • Feb 12, 2020 8:32am Feb 12, 2020 8:32am
Quoting Hedgebitcoin
{quote} How can you blame lmax? They have their licensed Metatrader server and hosted in two locations. Neither operate on the IP address of Rinkost/TTrader
So, basically what is your point? Are you saying that FTMO LMAX should be white label or black label? Or Red perhaps? I don't know. And what is likely the implication for the traders? Need some insight about that stuff tho
  • #1,132
  • Edited 9:17am Feb 12, 2020 9:06am | Edited 9:17am
Quoting tk5
{quote} Can I ask why the Permitted Faily Loss as well as Permitted Loss are higher than fixed sums? Why rhey increase? As I know max possible daily and overall losses are fixed as 5-10% of initial bslance disregarding gained profits.
Oops mahones (the world champ) already answered.

Folks I didn't flinch on the DD requirements, cause I knew that I would never reach either. My personal daily allowed loss is max -3%, if I ever reached it (has only happens once in the last 6 months) and for the month requirement my max allowed loss is well below, -5%, again real rare I hit that.

I employ the ultimate risk free strategy, SOYH!!! Yup I turn off the machine and Sit On My Hands!! Lol. It works all of the time... Risk is erased and my account stays in the game....

After all trading is just a game.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #1,133
  • Feb 12, 2020 9:16am Feb 12, 2020 9:16am
I understand news trading is not allowed but what if one already has open position and gets stopped out (within two minutes of release) will that violate rule for funded account?
  • #1,134
  • Feb 12, 2020 6:52pm Feb 12, 2020 6:52pm
Well, so far so good....

4 days of trading the challenge, hit target with $923 cushion.

To complete step one, next six days risk will be limited to $140 per day...
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-02-12 at 4.44.58 PM.png Size: 58 KB
  • #1,135
  • Feb 12, 2020 7:07pm Feb 12, 2020 7:07pm
Many traders have show off passing the challenges, but no one has show the funded account performance trading

Are they all lucky?
Millions USD funded account. Discount 10% of the Evaluation fee
  • #1,136
  • Feb 12, 2020 7:16pm Feb 12, 2020 7:16pm
Quoting FF.Trader
Many traders have show off passing the challenges, but no one has show the funded account performance trading Are they all lucky?
for me, up till now, I haven't found a funded opportunity that had enough capital that I felt confident with. FTMO offers enough, so very comfortable with it.

So, excited to see it is working so far. I don't believe in luck...
  • #1,137
  • Feb 12, 2020 8:07pm Feb 12, 2020 8:07pm
Quoting benaiah
{quote} for me, up till now, I haven't found a funded opportunity that had enough capital that I felt confident with. FTMO offers enough, so very comfortable with it. So, excited to see it is working so far. I don't believe in luck...
Would you like to have >1 million funded account?
Millions USD funded account. Discount 10% of the Evaluation fee
  • #1,138
  • Feb 12, 2020 8:13pm Feb 12, 2020 8:13pm
Quoting benaiah
Well, so far so good.... 4 days of trading the challenge, hit target with $923 cushion. {image}
I guess 99% you will fail the challenge if you continue to trade like this.

Good luck!
Millions USD funded account. Discount 10% of the Evaluation fee
  • #1,139
  • Feb 12, 2020 8:33pm Feb 12, 2020 8:33pm
Quoting FF.Trader
{quote} I guess 99% you will fail the challenge if you continue to trade like this. Good luck!
Why is he going to fail?
Just intrigued to know, not looking to take a pop but sometimes encouragement can go a long way. To much negativity on this forum.
  • #1,140
  • Feb 12, 2020 8:57pm Feb 12, 2020 8:57pm
Quoting sampat
I understand news trading is not allowed but what if one already has open position and gets stopped out (within two minutes of release) will that violate rule for funded account?
Yes that will, even pre set SL/TP.
7 traders viewing now