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FTMO - For serious traders

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  • Post #1,901
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  • Jun 12, 2020 10:52pm Jun 12, 2020 10:52pm
  •  Masterrmind
  • Joined Jun 2013 | Status: Master chaos and you master trading | 11,257 Posts
Perhaps in time other more advanced platforms can be linked such as Ninja Trader NT8, Sierra and Optuma.

I use Interactive Broker's for much of my private trading since they cater more for the professional traders with data subscriptions from multiple exchanges and more than 15000 trading instruments to cater for an almost infinite number of trading strategies.

Unfortunately their charting software is poor but it is a simple matter to use an NT8 to IB bridge or an MT5 to IB bridge or other bridge for technical analysis and then send the orders to the Interactive Brokers server.

Ultimately, what the FTMO guys need is a system with the capacity to efficiently collect and manage orders and other data from multiple platforms but this is both complex and complicated not to mention very costly to manage and maintain.

I very much doubt this will ever occur because it's far simpler and cheaper to simply offer only a few common platforms to keep the majority of traders happy.

Once MT4 finally dies out and it will, they are likely to have MT5 and cTrader in action which will be good enough for the time being.

For other traders such as myself that prefer other platforms for advanced analysis then it means doing the analysis on the platform of choice and then placing the orders manually on MT5 or cTrader.

For auto or semi-auto trading strategies then an mql5 or C# solution is required with a VPS and a quality trade copier is a welcome addition.

In any case if at least MT5 is added and more broker choices then this would be a step in the right direction.

Good trading,

Masterrmind........
Master your Mind then Master your Trades
 
1
  • Post #1,902
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  • Jun 12, 2020 11:18pm Jun 12, 2020 11:18pm
  •  Masterrmind
  • Joined Jun 2013 | Status: Master chaos and you master trading | 11,257 Posts
Quoting abdurrehmaan
Disliked
Hey guys im freaking out a little. I finally got funded and the servers seemed to have issues all night. I couldn't open or close any trades and i was scalping and had bigger lots. The feed wouldn't update and i went 100$ over the drawdown and they kicked me from the account. i searched previously and found this was an issue before with the datafeed and will definitely be changing brokers. They sent an email out but im worried they will still kick me. Has anyone had any issues? live support told me i won't be kicked but i have terrible anxiety and...
Ignored
Keep all your screen recordings.

Document everything.

Keep us updated.

Masterrmind........
Master your Mind then Master your Trades
 
 
  • Post #1,903
  • Quote
  • Jun 13, 2020 1:14am Jun 13, 2020 1:14am
  •  CashBox
  • Joined Jun 2007 | Status: Member | 796 Posts
I registered for free. Where do I find the link for downloading the Mentor App? thanks!
 
 
  • Post #1,904
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  • Jun 13, 2020 3:01am Jun 13, 2020 3:01am
  •  Chris.GER
  • | Joined May 2020 | Status: Member | 35 Posts
Quoting CashBox
Disliked
I registered for free. Where do I find the link for downloading the Mentor App? thanks!
Ignored
In the client area (metrix, trading tools)
https://ftmo.com/en/client-area/
 
 
  • Post #1,905
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  • Jun 13, 2020 3:03am Jun 13, 2020 3:03am
  •  djxput
  • | Joined Sep 2015 | Status: Member | 410 Posts
Quoting abdurrehmaan
Disliked
Hey guys im freaking out a little. I finally got funded and the servers seemed to have issues all night. I couldn't open or close any trades and i was scalping and had bigger lots. The feed wouldn't update and i went 100$ over the drawdown and they kicked me from the account. i searched previously and found this was an issue before with the datafeed and will definitely be changing brokers. They sent an email out but im worried they will still kick me. Has anyone had any issues? live support told me i won't be kicked but i have terrible anxiety and...
Ignored
I cant remember if it was thursday or wednesday nite but I had issues for about 4 hours ... really heavy server lag (or something). Either couldnt place trades or couldnt exit or couldnt move stops (I didnt understand why and someone (from a chat group) mentioned the server was having lag). I was still trying to trade the us30 (was a big moving day so even after hours it was moving heavily). ya it cost me but Im glad it was only a challenge and not the real account; gl with your issue.
 
 
  • Post #1,906
  • Quote
  • Jun 13, 2020 3:05am Jun 13, 2020 3:05am
  •  djxput
  • | Joined Sep 2015 | Status: Member | 410 Posts
Quoting forexaz
Disliked
{quote} MT5 has many time frames including the M2 and M3 you mentioned missing no need for Ctrader to get those. MT5 is much better then most people even realize just need to take some time to explore around the platform. I also love the fact that the platform almost gets updated weekly with latest features and bug fixes. Mt4 hasn't been updated since January.
Ignored
ya I checked out mt5 and like that they have m2 and m3 charts ... I dont know enough about it to compare. I dont always use m2 and m3 charts but when I want to see them Id like to see them and its a bit frustrating that I cant with mt4 (I know there is a work-around - but want something easy to use).
 
 
  • Post #1,907
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  • Jun 13, 2020 3:08am Jun 13, 2020 3:08am
  •  leweg1
  • Joined Aug 2016 | Status: Elite Member | 493 Posts
Quoting djxput
Disliked
{quote} I cant remember if it was thursday or wednesday nite but I had issues for about 4 hours ... really heavy server lag (or something). Either couldnt place trades or couldnt exit or couldnt move stops (I didnt understand why and someone (from a chat group) mentioned the server was having lag). I was still trying to trade the us30 (was a big moving day so even after hours it was moving heavily). ya it cost me but Im glad it was only a challenge and not the real account; gl with your issue.
Ignored
i witnessed this through NFP on USDJPY i trade via MT4 (lmax data feed) but do my analysis with trading view when the bar was at its highest peak on TV it was still at its lowest (opening price) the delay was approximately 8 seconds was quite surprised at this
 
 
  • Post #1,908
  • Quote
  • Jun 13, 2020 5:00am Jun 13, 2020 5:00am
  •  msiamd
  • Joined May 2009 | Status: Member | 285 Posts
Quoting abdurrehmaan
Disliked
Hey guys im freaking out a little. I finally got funded and the servers seemed to have issues all night. I couldn't open or close any trades and i was scalping and had bigger lots. The feed wouldn't update and i went 100$ over the drawdown and they kicked me from the account. i searched previously and found this was an issue before with the datafeed and will definitely be changing brokers. They sent an email out but im worried they will still kick me. Has anyone had any issues? live support told me i won't be kicked but i have terrible anxiety and...
Ignored

I noticed the same at my End (desktop and Mobile). Placing trades or modifying trades was not always possible. Got "No connection errors".
Had to try several times before a trade was taken and or a trade was modified.
I was trading a Free Trial of FTMO, so no impact for me, but makes me doubt if FTMO Lmax is the best broker when someone is doing a Challenge.

Some lines from my logfile from 11-06-2020:

0 07:13:38.057 '': order was opened : #13371476 sell 1.00 GBPJPY.lmax at 135.721 sl: 0.000 tp: 0.000
0 07:13:39.042 '': order sell market 1.00 GBPJPY.lmax sl: 0.000 tp: 0.000
07:15:00.848 '': modify order #13371476 sell 1.00 GBPJPY.lmax at 135.721 sl: 0.000 tp: 0.000 -> sl: 0.000 tp: 135.500
1 07:15:01.060 '': modification of order #13371476 sell 1.00 GBPJPY.lmax at 135.721 sl: 0.000 tp: 0.000 -> sl: 0.000 tp: 135.500 failed [No connection]

0 07:18:13.672 '': order sell market 1.00 GBPJPY.lmax sl: 0.000 tp: 0.000
1 07:18:13.792 '': order sell 1.00 GBPJPY.lmax opening at market sl: 0.000 tp: 0.000 failed [No connection]
 
 
  • Post #1,909
  • Quote
  • Jun 13, 2020 6:33am Jun 13, 2020 6:33am
  •  Mtinifx
  • Joined Feb 2011 | Status: Member | 6,018 Posts
Guys I have to say that Lmax Global are not the only ones who do this. All of these ECN "live feed" servers seem to have problems. I have noticed numerous freezes over the last few months and "no connection" on my FPmarkets server especially if one is trading M1 or M5 time frames. At first I was blaming my internet connection because I use 4G (mobile internet), but on thorough testing I realised it's their server!
 
1
  • Post #1,910
  • Quote
  • Jun 13, 2020 8:20am Jun 13, 2020 8:20am
  •  Mtinifx
  • Joined Feb 2011 | Status: Member | 6,018 Posts
I was looking at various options to protect one's account against breaching that "maximum daily loss" limit. I'm not talking so much about the challenge but when one gets funded and things get really serious. Of course there is going to be the urge to trade every day even when conditions are not optimal and sooner or later that dreaded daily limit is going to come into play. That's how they get you!!

This might help: https://www.forexfactory.com/showthread.php?t=325991

What the EA does (I think) is open hedging positions the moment one's account goes into drawdown at a preset level. Thus you are always protecting your 95% minumum balance. Could save one losing a lot of money! To have a reliable VPS is of course a good idea.
 
1
  • Post #1,911
  • Quote
  • Jun 13, 2020 8:49am Jun 13, 2020 8:49am
  •  abdurrehmaan
  • | Joined Jun 2020 | Status: Member | 18 Posts
Quoting djxput
Disliked
{quote} I cant remember if it was thursday or wednesday nite but I had issues for about 4 hours ... really heavy server lag (or something). Either couldnt place trades or couldnt exit or couldnt move stops (I didnt understand why and someone (from a chat group) mentioned the server was having lag). I was still trying to trade the us30 (was a big moving day so even after hours it was moving heavily). ya it cost me but Im glad it was only a challenge and not the real account; gl with your issue.
Ignored



i had the issue for serveral hours. Once the no connection was gone then the server lag started in and out. There website also lagged out. I part of me says they will blame me and cut the account but i trust FTMO will be legit and just reset like they did before with server issues. I have alot of proof and i sent the screen recording and live chat re assured me i wouldn’t be kicked. If i do get kicked it will say alot about FTMO though and the way they run the business. I mean legally they should have sent out an email the minute they found out servers were lagging to prevent others from trading. Lets wait and see what happens
 
1
  • Post #1,912
  • Quote
  • Jun 13, 2020 2:16pm Jun 13, 2020 2:16pm
  •  CashBox
  • Joined Jun 2007 | Status: Member | 796 Posts
Quoting Chris.GER
Disliked
{quote} In the client area (metrix, trading tools) https://ftmo.com/en/client-area/
Ignored
Thanks, Chris. There's not a download button there. Is it just something to get you to go there and give them your email address and then you still don't get access to it unless you do the challenge or the free trial? Maybe I'm not seeing it?
 
 
  • Post #1,913
  • Quote
  • Jun 13, 2020 2:29pm Jun 13, 2020 2:29pm
  •  Chris.GER
  • | Joined May 2020 | Status: Member | 35 Posts
Quoting CashBox
Disliked
{quote} Thanks, Chris. There's not a download button there. Is it just something to get you to go there and give them your email address and then you still don't get access to it unless you do the challenge or the free trial? Maybe I'm not seeing it?
Ignored
Yes this is only possible with the trial version or the challenge. And then you can find the app there >>>
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  • Post #1,914
  • Quote
  • Jun 13, 2020 3:46pm Jun 13, 2020 3:46pm
  •  Swing4Fence
  • Joined Apr 2020 | Status: Member | 84 Posts
Quoting leweg1
Disliked
{quote} i witnessed this through NFP on USDJPY i trade via MT4 (lmax data feed) but do my analysis with trading view when the bar was at its highest peak on TV it was still at its lowest (opening price) the delay was approximately 8 seconds was quite surprised at this
Ignored
Yeah, I had 2 trades that cost $1280 due to connection issues. I really hope they can fix. Up to this point, they’ve been really good about fixing any issue, so I have faith they will make things right.
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  • Post #1,915
  • Quote
  • Jun 13, 2020 4:28pm Jun 13, 2020 4:28pm
  •  abdurrehmaan
  • | Joined Jun 2020 | Status: Member | 18 Posts
Quoting Swing4Fence
Disliked
{quote} Yeah, I had 2 trades that cost $1280 due to connection issues. I really hope they can fix. Up to this point, they’ve been really good about fixing any issue, so I have faith they will make things right. {image}
Ignored


how long did you face issues? I haven’t slept much due to the fact i might lose my account over this. The servers were so laggy and i feel like they will blame me for what happened. I always expect the worst when it comes down to things like this unfortunately
 
 
  • Post #1,916
  • Quote
  • Jun 14, 2020 2:26am Jun 14, 2020 2:26am
  •  leweg1
  • Joined Aug 2016 | Status: Elite Member | 493 Posts
Quoting Swing4Fence
Disliked
{quote} Yeah, I had 2 trades that cost $1280 due to connection issues. I really hope they can fix. Up to this point, they’ve been really good about fixing any issue, so I have faith they will make things right. {image}
Ignored
i hope they do fix for your sake Swing! i must say anything with losing connection i only get over the weekend didn't experience this myself just yet, then again i hope i don't ever
 
1
  • Post #1,917
  • Quote
  • Jun 14, 2020 2:26am Jun 14, 2020 2:26am
  •  Swing4Fence
  • Joined Apr 2020 | Status: Member | 84 Posts
Quoting abdurrehmaan
Disliked
{quote} how long did you face issues? I haven’t slept much due to the fact i might lose my account over this. The servers were so laggy and i feel like they will blame me for what happened. I always expect the worst when it comes down to things like this unfortunately
Ignored
Unsure how long, as I stopped trading after the two bigger than average losing trades.
 
 
  • Post #1,918
  • Quote
  • Jun 14, 2020 4:21pm Jun 14, 2020 4:21pm
  •  abdurrehmaan
  • | Joined Jun 2020 | Status: Member | 18 Posts
Quoting Swing4Fence
Disliked
{quote} Unsure how long, as I stopped trading after the two bigger than average losing trades.
Ignored

i have yet to sleep properly since thursday. i have screen recordings and even with live chat assuring me i won't be kicked i still can't rest easy. Hoping for the best but i genuinely don't know if they will kick me over 100$ drawdown and all those losses due to lag.
 
 
  • Post #1,919
  • Quote
  • Jun 14, 2020 6:36pm Jun 14, 2020 6:36pm
  •  Nvrmd
  • | Joined May 2019 | Status: Member | 85 Posts
Quoting abdurrehmaan
Disliked
{quote} i have yet to sleep properly since thursday. i have screen recordings and even with live chat assuring me i won't be kicked i still can't rest easy. Hoping for the best but i genuinely don't know if they will kick me over 100$ drawdown and all those losses due to lag.
Ignored
markets are still moving so if you have your sl before daily loss limit you should be fine but yes it´s getting annoying, connection issues started last wednesday with the fed meeting, friday was fine again but just now with market opening it continues to give errors unless you spam orders 10-15 times
 
 
  • Post #1,920
  • Quote
  • Jun 14, 2020 6:40pm Jun 14, 2020 6:40pm
  •  abdurrehmaan
  • | Joined Jun 2020 | Status: Member | 18 Posts
Quoting Nvrmd
Disliked
{quote} markets are still moving so if you have your sl before daily loss limit you should be fine but yes it´s getting annoying, connection issues started last wednesday with the fed meeting, friday was fine again but just now with market opening it continues to give errors unless you spam orders 10-15 times
Ignored

i already went over the daily loss limit. The server froze and i had large scalps open and the price didn’t update. By the time it did i had already went over 100$ due to them freezing metric also. So now i either lose my funded account over lag and server issues or they refund the losses and forgive them. Im definitely switching brokers if they do refund the feed is way too laggy lately. Hoping for the best
 
 
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