FTMO - For serious traders

you look triggered and childish so i'll stop to read you after this post, but to be constructive you can use this with mt4 :

STAT_BALANCE_DD
Maximum balance drawdown in monetary terms. In the process of trading, a balance may have numerous drawdowns; here the largest value is taken
double

STAT_BALANCEDD_PERCENT
Balance drawdown as a percentage that was recorded at the moment of the maximum balance drawdown in monetary terms (STAT_BALANCE_DD).
double

STAT_BALANCE_DDREL_PERCENT
Maximum balance drawdown as a percentage. In the process of trading, a balance may have numerous drawdowns, for each of which the relative drawdown value in percents is calculated. The greatest value is returned
double

STAT_BALANCE_DD_RELATIVE
Balance drawdown in monetary terms that was recorded at the moment of the maximum balance drawdown as a percentage (STAT_BALANCE_DDREL_PERCENT).
double

STAT_EQUITY_DD
Maximum equity drawdown in monetary terms. In the process of trading, numerous drawdowns may appear on the equity; here the largest value is taken
double

STAT_EQUITYDD_PERCENT
Drawdown in percent that was recorded at the moment of the maximum equity drawdown in monetary terms (STAT_EQUITY_DD).
double

STAT_EQUITY_DDREL_PERCENT
Maximum equity drawdown as a percentage. In the process of trading, an equity may have numerous drawdowns, for each of which the relative drawdown value in percents is calculated. The greatest value is returned
double

STAT_EQUITY_DD_RELATIVE
Equity drawdown in monetary terms that was recorded at the moment of the maximum equity drawdown in percent (STAT_EQUITY_DDREL_PERCENT).
double

Thanks for reading my post!

After passing the free trial challenge, can i access real funded account and i start to trade?

No No No .... Free trail is free Trail ... you have to pay for real challenge pass it then pass verification then get funded account and trade it with respect rules then withdraw profits ... Free trail is nothing and not part of process even .

finished challenge have trade more 3 days with tiny risk then i hope get my verfication account at the end of next week .

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JsCave Congratulations!!

Thank you, wish to everyone pass peacefully

I Have a question for FTMO with regards to the live trading environment once Challenge and verification are passed



Based on what I have read on the website and the initial chat I had with the support agent. I understand that the live trading environment is no different from the verification or challenge environment and I was told that the live account I will be provided with once the challenge and verification are passed is like a " demo" account that will be connected to the capital providers real account. It was mentioned that the 70% split of profits will be calculated on the profits I generate on this demo account .

My question is to do with commissions. Under the FTMO solution (Lmax feed ) no commissions are incurred on trades I take, This means during the challenge and verification I will not incur any commissions on the trades I take. Now if the live environment is the same then I will also not incur any commissions on trades taken in the live environment once the verification and challenge are passed. My question is. How is it possible to calculate the 70% split based on the profit earned on my account provided to me where are they are no commissions charged? Surely the capital provider will incur commissions and thus make the profit in my account differ from the profit in theirs?

Please can I have some clarity on that from FTMO or any trader that has been trading in the live environment.

Note. I have already read the article here https://ftmo.com/en/faq/how-does-acc...echnical-side/ but that does not answer my question because it mentions utilizing strategies that will result in guaranteed profit in the demo environment and not commissions. I am specifically referring to commission charges that will cause a difference in profit between the two accounts.

I found this 2 indicators can be used to open all demo accounts in other brokers or outside of FTMO,
You can use it and you don't have to be watching when you reach the Maximum Daily Loss, so you don't have to wait 10 days to open another demo account with FTMO
I hope it works for you !!

Hello Traders! To the questions that have been asked over and over about their transparency and those curious about failed traders percentage and how many current FTMO funded traders there are out there. here is your answer -

Because the Demo account and the Live account uses the Same Rules, And with Commissions as in LMAX case baked into the spread. LMAX utilizes slightly higher Spreads but no commissions, Compared to Admiral which has Lower Spreads but Commissions. Therefore the account you trade has the same "RULES AND FEES(or worse)" as the "LIVE" account that FTMO uses to Copy to.

Beautiful Interview

This indicator works perfect to know the maximum daily loss, try it today, with this indicator you can now open the demos you want and know when you passed the limit of 5% DL

Hi traders,
I hope you are well. Sorry for the long silence from my end, it has been extremely busy these days. To answer your questions faster going forward, my colleague Tomas will register here on ForexFactory and on behalf of FTMO, he will be answering most of your questions in a timely manner as I am not able to do it from my position. I will also continue monitoring the thread and answer some questions from time to time. Thank you for your understanding.

Answers sorted by time asked:
Patje Apr 17, 2020 4:44pm: HI otakar,... You didn't replied to my question, when will you launch ctrader ftmo platform,? Thanks

Hi Patje,
Sorry for missing your question the first time. The truth is that we are already paying for the cTrader platform so we can already offer it, but there is quite a lot of work and rigorous follow-up testing to be done before we are confident to offer this option to our traders. It is already taking ages, but I hope it is going to be done within a few weeks.

AK386 Apr 18, 2020 7:15pm: Gentlemen,I want to share, the success of FTMO is the number of people who want to enter to win the tentative profit of 70%, to win 70% arouses greed, many are hungry to earn some money. The 10% profit filter with a 5% daily loss is for professionals, experts. I am in forex for 10 years and I can tell you that it is possible to pass a challenge for 0,5% max 2% of all people, if we have 1,000 participants only about 5 can pass. FTMO makes money with dreamers. FTMO says that in 2019 200 traders passed, but they do not tell you how many failed after passing, nor do they tell you how many tried to pass the challenge. In demo accounts it has a psychological effect, they make you despair because it is 10 days that you have to wait to open another account, so you prefer to open the challenge. Another thing is in demo is 5 days to reach 10% profit, you can do it but it is a stroke of luck for many, so these traders run to open the challenge because they think they are ready. Conclusion, FTMO is a company with very clear rules, honest people but they do not tell you all the inconveniences that you can go through. This message I do for all young people who think that this is easy. My advice is to do 10 to 20 demos before doing a challenge and ask FTMO to allow new demos every 5 days. FTMO I do not try to affect your business, I try to make new traders conscious or wake up. If some believe that 5% drawdown(daily loss) is easy, I will tell you that there is a company that audits accounts, https://www.signalstart.com/search-signals You can see at more than 800 accounts and no trader will pass the challenge. THANKS FTMO for making us all more competitive and professionals, I accept the challenge but I have done more than 200 demos and 10 real accounts in 10 years, Do not cry in this life there is nothing easy, go and try to achieve success! The ideal is a challenge of 5% DL and 5% profit equal to Verification and a one real account of a maximum of $ 1000 before passing, This is a dream but I know that your strategy is 5 daily loss and 10% profit! FTMO is a very strong barrier but it is an opportunity for several who have talent and ability!!

Hi AK386,
I would like to address few points you made so traders here can see our perspective as well as yours.
I’m not sure how you concluded that the success rate of our Challenge is 0,5 to 2%. The success rate is actually much higher these days as markets are more volatile. It is around 8%. So your statement of 0,5% to 2% is wrong.
As for the Free Trial accounts, we do not limit the number of Free Trial accounts you can take at all. It is not our goal to make anyone despair as you say, but we have to limit the number of Free Trial accounts we open up as it puts extra load on our servers and network capacities. Every Free Trial comes with a cost for us. We also want you to take the Free Trial seriously hence no account waste is exercised.
The 70/30% profit split we see is fair as all the work is done by the trader and we just provide the capital. Your point of view about the 70/30 ratio is very interesting. In your case we can make the profit split 30/70% if you want .
Yes, our service is not for everyone, that’s why we call it the Challenge after all, but as you also said, our rules are very simple to understand and we are very transparent about them with support team always happy to answer any additional questions. It is our capital at risk and so it is only fair for us to set the risk management rules we see as appropriate.

JsCave Apr 20, 2020 4:19pm: i only trading NZDUSD ... What is best broket? I only tried purple trading i don't know if there's something better in terms of spread etc
Hi JsCave,
It really depends on more parameters, such as how long do you usually hold your trades open (and therefore need to take into account the swaps), what time do you usually trade (as the spreads of the brokers may vary significantly throughout the day) and so on.
We have a broker comparison page on our website https://ftmo.com/en/broker-review/. It doesn’t display NZDUSD, but you might find it helpful seeing the other pairs.

Phylo Apr 21, 2020 12:45am: FTMO wrong tick values
I believe we have fixed all the issues with tick values as we receive no more complaints about that.

Phylo Apr 22, 2020 8:17am: post regarding wrong sprad values showed at
Thank you Phylo for pointing this out. We have corrected most of the errors. However, the work is still in the progress.

ahmedmansor Apr 22, 2020 1:58pm Any plan in the future to allow holding trades over the week in the funded account?
Hi Ahmed,
We are always thinking of the ways to give our traders more options and better services. As a general rule of thumb and if you trade the FTMO Account, you shouldn’t hold any trades over the weekend. However, if you are a swing trader and need to have certain position carried throughout the weekend, please send us this request at least by Wednesday so that we can overview the conditions of your account and advise you on appropriate hedging. Please note this request doesn’t automatically gives you permission to do so, unless you have our explicit confirmation for hedging the subject trades. Since there are risks of extreme gaps on Monday and especially during these highly volatile times, our priority is that FTMO Traders are flat by Friday night.

Ovenzb Apr 24, 2020 2:30pm:is there anyone who got paid by ftmo after they made profit to prove they are not scam....cause i am interested in subscribing for the challenge

Hi Ovenzb,
I’m not sure what sort of proof you are looking for, but there are plenty of YouTube videos where traders show being paid. You can also view the reviews on TrustPilot or Forex Peace Army. If you need more evidence, here’s something you are probably looking for: https://ftmo.com/en/payments-for-our-ftmo-traders/

Lance30779 Apr 25, 8:32pm: Hi FTMO, are you considering BluFX as direct competition?
Hi Lance,
I am aware that there are other funding companies around, but I cannot really comment on their conditions or functioning. My narrow focus and concern is FTMO and developing this project.

frank4u381 Apr 26, 2020 : Hello, I just signed up for the FtMO trial, but cannot find where to download the MT4 Setup .exe file to install. I cannot find any other universal MT4 file to download to be able to connect to the FFTraderSro-Demo server either.
Can someone help me on this issue? Thanks for your kind help!

Helo Frank,
[color=black][email protected]I trust that you have found a solution by now. If you want to find out anything in a timely manner, always contact us directly at or via our live chat on FTMO.com. That’s where you’ll get the fastest response from us.[/color]

sp33dr4ge Apr 28, 10:50pm (35 hr ago) Can anyone confirm they've been paid by these guys month after month on profitable gains who have passed the challenge? I see a lot of good things about them, but I only ever see the first month someone makes money and gets paid. Where are the guys who have been with them for 5 months... a year and have grown their account to beyond 500k?

Hello sp33dr4ge,
Although compounding the account does seem like a logical first option, nearly all our traders are regularly withdrawing their profits. I am aware of just one trader who wished to keep their profit on the FTMO Account, around $15k profit. In my opinion, it is always better to withdraw the profits and we mostly encourage that. With regards to your request for profit payout confirmation proofs, please look up at my response to Ovenzb.

Thomasz1 and AK386: reacting to posts to help find a solution not to fail Max Daily.
I know that many traders do not strictly use SL on every trade, but in my eyes, trading should have a clear plan with risk limitations in place. I understand that it might be difficult with you trade multiple positions, but you can use Account MetriX to track your Maximum Daily Loss value or use our Mentor Application to help you track your Max Daily Loss value.

Jt85: Apr 30, 4:47pm: Hello everyone,
Just downloaded FTMO Lmax feed MT4 demo account to test the free trial and i noticed something on Gold 15mn Chart.
As we can see on the white background, it is the FTMO Lmax Feed chart of the gold, if we look at around 6:00 GMT i think everyone see the big unnormal wick that we don't see on Oanda feed 15mn chart.
I don't know if it is normal but just wanted to ask here.
Thanks for support and feedback.
Regards,
JT

Hello JT,
Yes, I can confirm that the candle wick error has happened. It is a mistake on our liquidity provider data feed, which we are liaising with them to resolve. We are compensating for all losses which happened due to this.


To Desbuster,
I can confirm that the FTMO Account is identical to the Challenge / Verification so there are no commissions for you. We are covering the commissions, which are charged to us on our live account. We might change that in the future. The profit you reach on your FTMO Account (demo) is most likely different as we are actively managing our positions.

Interview
I hope that you enjoyed a little insight into FTMO. I want to say that when Joel was asking me about the Scaling plan, I made a mistake in my response. The capital is actually increased, please check this article with the full explanation:
https://ftmo.com/en/scaling-plan/


All the best to all of you!

Question. If this has been answered already I apologize for the repeat I must have missed it. I just started the 100k challenge. When I setup my account on MT4 I noticed that the standard pairs like EURUSD are grayed out and I must trade the EURUSD.lmax pair. Is it possible to trade the standard pair? The reason I ask is I'm using an EA, and it does not recognize the .lmax pair and will not let me download my history to it.

We are improving this indicator because it has a small bug, it is being improved by a programmer so that it updates every minute in the daily max loss, so you can open a new account every time you burn an account and not wait 10 days for a new FTMO demo account.
This is so that you can make changes in your strategy, especially if the method you do is aggressive, I know that some come from being winners with the technique of a drawdown when closing trades.
Example, I come from making a daily loss of 7%, I think soon I will be able to open a challenge.
I leave the modified indicator, it is fixed, but it is updated every 15 minutes.
I hope I can help!

TODAY’S CHF WEAKNESS AND LIVE FOREX TRADING SIGNALS

Today in the main session forex trading the CHF was weak on all pairs in this currency group. This drove strong price movements during the main trading session. Images of the live forex trading signals from The Forex Heatmap and price chart movement for these pairs is shown below. The AUD/CHF moved higher on the H4 time frame, next major resistance is at 0.6380. The CAD/CHF also moved up on the H4 time frame, next major resistance is at around 0.7000. These live currency trading signals and trend based trading plans for 28 pairs can be found on our website at Forexearlywarning.com.

https://www.forexearlywarning.com/the-forex-heatmap

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#AUDCHF #CADCHF #forexsignals #forextrading #trading #daytrading #forexalerts #currencytrading #forex Swiss Franc AUD/CHF CAD/CHF

Could someone explain which account would be better to get a 100k in USD or 80k in EUR? My bank account is in EUR.

But currently 100k$ is worth around 91k€. So it would be better to get a USD account since it has bigger value? Or would I lose more when converting from FTMO that is in $ to my bank account that is in €?

Fx11trade EUR

Would you mind explaining why?