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FTMO - For serious traders

  • #2,101
  • Edited Jul 2, 2020 6:56am Jul 1, 2020 7:04am | Edited Jul 2, 2020 6:56am
Quoting TraderOtakar
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.
Please review the below images - this was addressed at length before (below link) and FTMO is familiar with the problem.
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The current exchange rate GER30.lmax and DAX.lmax (EUR) against deposit currency USD -> USD:EUR - 1:1.11954 or 1.11954 tv
not USD:USD - 1:1 or 1.00000 tv.

Therefore the calculation in the image should be 1.00 lots x 10 points x 1.11954 tv = USD 11.1954 = USD 11.20 not USD 10.00

Note: the indicator tool used in the image automatically determined the deposit currency (in this instance USD) and the broker allocated tick value - so cannot return a correct calculation value if the broker tv (exchange rare) is incorrect.

The tool to test for broker correct tick value (tv - exchange rate) is posted at https://www.forexfactory.com/showthr...9#post12888759

The above was previously addressed on 21 April, 2020 (above link) and is still outstanding ...............................................
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #2,102
  • Jul 1, 2020 7:31am Jul 1, 2020 7:31am
[quote=piple;13034642]
Quoting profitfarmer
{quote} 9000 demo % cant be exchanged for 155 real euros? without wanting to be hard on you, (but who cares, right?), just how pathetic it is? Commercial member - profitfarmer, as a successful trader which you claim to be, why do you have to make a career by peddling your snake oil BS trading strategy on this forum? Are you jealous of someone that can really trade profitably without all the empty bluster?
Are you calling Zoltan out? Hold fire, I’ll just go grab a beer
  • #2,103
  • Edited 1:11am Jul 2, 2020 12:51am | Edited 1:11am
Being a new funded trader, I received this email. Wanted to share with the group here. Found this message impressive, as Ftmo is proactively making every attempt to ensure traders do not violate the news rules. This coupled with the scaling plan, it is all feeling very legit. The challenge & verification were extremely difficult and stressful for me - however once passed, my belief is that Ftmo does everything possible to retain the traders who make it through. I’ll continue to post my journey here, but it has been very positive thus far. I’m sure other funded traders feel the same way, however probably don’t post much.
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  • #2,104
  • Jul 2, 2020 4:13am Jul 2, 2020 4:13am
Quoting Swing4Fence
Being a new funded trader, I received this email. Wanted to share with the group here. Found this message impressive, as Ftmo is proactively making every attempt to ensure traders do not violate the news rules. This coupled with the scaling plan, it is all feeling very legit. The challenge & verification were extremely difficult and stressful for me - however once passed, my belief is that Ftmo does everything possible to retain the traders who make it through. I’ll continue to post my journey here, but it has been very positive thus far. I’m sure...
Agree 100% Swing4Fence.
I don't post much but I am very impressed with FTMO.
  • #2,105
  • Jul 2, 2020 4:21am Jul 2, 2020 4:21am
Hi, Swing.
Are you saying you've passed both the Challenge and Verification stages for all your three $100 k accounts?
If so, congrats! That's no mean feat. Are they going to interview you? They should, imo, since that's a first (if I'm not mistaken).
Do continue to keep us posted, ok?
Amor Fati--F. Nietzsche
  • #2,106
  • Jul 2, 2020 6:58am Jul 2, 2020 6:58am
Quoting doji
Hi, Swing. Are you saying you've passed both the Challenge and Verification stages for all your three $100 k accounts? If so, congrats! That's no mean feat. Are they going to interview you? They should, imo, since that's a first (if I'm not mistaken). Do continue to keep us posted, ok?
There are at least a few other traders that I know of that hit the 300k funded amount and probably many more considering a pool of 1200+ funded traders that have been mentioned (although certainly not all trading 100k accounts).

Although funded traders can just as easily lose their accounts with poor performance such as breaking the ongoing trading objectives.

YouTube shows an example of a 300k funded trader (assumed) although the 100k accounts appear to be separate at this stage.

Up to the trader but my preference would be to combine them into one account and then steer it to 1M ... no small ask.

Masterrmind ..........
Master your Mind then Master your Trades
  • #2,107
  • Jul 2, 2020 8:10am Jul 2, 2020 8:10am
Quoting Masterrmind
{quote} There are at least a few other traders that I know of that hit the 300k funded amount and probably many more considering a pool of 1200+ funded traders that have been mentioned (although certainly not all trading 100k accounts). Although funded traders can just as easily lose their accounts with poor performance such as breaking the ongoing trading objectives. YouTube shows an example of a 300k funded trader (assumed) although the 100k accounts appear to be separate at this stage. Up to the trader but my[/highlight]...
Agreed! This way you could lower your risk% per trade and make it easier to stay within the max loss limits. At that point there are NO minimum win requirements. Seems like an easy decision to me.
  • #2,108
  • Edited 8:53am Jul 2, 2020 8:27am | Edited 8:53am
Quoting doji
Hi, Swing. Are you saying you've passed both the Challenge and Verification stages for all your three $100 k accounts? If so, congrats! That's no mean feat. Are they going to interview you? They should, imo, since that's a first (if I'm not mistaken). Do continue to keep us posted, ok?
Only 1 passed at this point.
Need to wait out last 2 trading days.
3rd account still in DD.

Will definitely keep you posted.
Masterrmind is spot on with the goal I have in mind to combine them all and grow to 1M+ as the scaling plan appears to be uncapped.
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  • #2,109
  • Jul 2, 2020 8:45am Jul 2, 2020 8:45am
Quoting Swing4Fence
{quote} Only 1 passed at this point. Need to wait out last 2 trading days (came extremely close to failure) The 3rd account still in DD. Will definitely keep you posted. Mastermind is spot on with the goal I have in mind to combine them all and grow to 1M+ as I believe the scaling plan is uncapped.
I'm still on the sidelines for the time being but ready to pull the trigger at a moment's notice and let loose with 3 challenges.

However, conditions in the market are abit rough and certainly I would want to see PA moving in a favorable manner at least from my perspective.

I'm still cheering for our friend leweg1 and hoping he gets there.

Pleased to hear you have one account through, that's great news and very well done to you.

Yes scaling plan used to be capped at 600k but as far as I can tell it is now uncapped providing they continue to have the funding available.

Good trading,

Masterrmind ..........
Master your Mind then Master your Trades
  • #2,110
  • Jul 2, 2020 8:50am Jul 2, 2020 8:50am
Quoting Masterrmind
{quote} I'm still cheering for our friend leweg1 and hoping he gets there. Pleased to hear you have one account through, that's great news and very well done to you. Good trading, Masterrmind ..........
He had a really nice streak of wins this week
Right there with you, cheering him on.
Masterrmind, you’ve got this - I don’t foresee you having any difficulty (like I had) with the challenges.
  • #2,111
  • Jul 2, 2020 8:55am Jul 2, 2020 8:55am
Quoting Swing4Fence
{quote} He had a really nice streak of wins this week Right there with you, cheering him on. Masterrmind, you’ve got this - I don’t foresee you having any difficulty (like I had) with the challenges.
I appreciate the vote of confidence.

Masterrmind ........
Master your Mind then Master your Trades
  • #2,112
  • Jul 2, 2020 1:24pm Jul 2, 2020 1:24pm
thank you guys! you guys do provide alot of motivation! i have had to reduce my risk to 0.3% my thinking if i can atleast get back to breakeven i can have another go when the markets are move favourable to my strat and me. at least i know what is capable when times are tough reduce the risk. past month has been crap atleast for me anyways but we'll get through it!!
  • #2,113
  • Jul 2, 2020 1:48pm Jul 2, 2020 1:48pm
Quoting leweg1
thank you guys! you guys do provide alot of motivation! i have had to reduce my risk to 0.3% my thinking if i can atleast get back to breakeven i can have another go when the markets are move favourable to my strat and me. at least i know what is capable when times are tough reduce the risk. past month has been crap atleast for me anyways but we'll get through it!!
I'm not sure what conditions are favorable for your strategy, but have you ever heard that June, July and August are the worst months to trade. Some people even take vacations and stop trading during those months. They resume in September. Same goes for 2nd half of December thru probably the 2nd half of January. I'm sure i'm telling you stuff you already know. Good luck in the challenge.
  • #2,114
  • Jul 2, 2020 3:19pm Jul 2, 2020 3:19pm
Quoting bojack34
{quote} I'm not sure what conditions are favorable for your strategy, but have you ever heard that June, July and August are the worst months to trade. Some people even take vacations and stop trading during those months. They resume in September. Same goes for 2nd half of December thru probably the 2nd half of January. I'm sure i'm telling you stuff you already know. Good luck in the challenge.
Hey BJ - i have back-tested my strat over years of data ( i know, i know back testing cant really predict future results) but what i found was an edge which was proven to be profitable even through the low volume months - all this was tested before COVID-19 to which i have now found a clear weakness i never tested through anything like this before but of which i am grateful for, now i know my strategy's limitations. thank you
  • #2,115
  • Jul 2, 2020 3:49pm Jul 2, 2020 3:49pm
Quoting ricki72
Is there anybody from Germany (and living in Germany) trading for FTMO?
Schuldig im Sinne der Anklage @ricki72 ;-)

Living in Germany and Trading the 10K account at the moment
May the Sheen be with you....
  • #2,116
  • Jul 2, 2020 4:36pm Jul 2, 2020 4:36pm
Quoting Trueman23
{quote} Schuldig im Sinne der Anklage @ricki72 ;-) Living in Germany and Trading the 10K account at the moment
Hello, are you trading a funded live account or you are in the challenge phase? Just curious.
  • #2,117
  • Jul 3, 2020 1:04am Jul 3, 2020 1:04am
Quoting newegg
{quote} Hello, are you trading a funded live account or you are in the challenge phase? Just curious.
started at end of june with the funded account ....at the moment 10 Trading days to be correct .....
May the Sheen be with you....
  • #2,118
  • Jul 3, 2020 1:23am Jul 3, 2020 1:23am
Quoting leweg1
thank you guys! you guys do provide alot of motivation! i have had to reduce my risk to 0.3% my thinking if i can atleast get back to breakeven i can have another go when the markets are move favourable to my strat and me. at least i know what is capable when times are tough reduce the risk. past month has been crap atleast for me anyways but we'll get through it!!
Some of the YouTube videos show drawdowns very close to 10% ending successfully and your account is no where near as close as that so certainly it can be done.

You got this mate.

Masterrmind .........
Master your Mind then Master your Trades
  • #2,119
  • Jul 3, 2020 3:05am Jul 3, 2020 3:05am
Quoting leweg1
thank you guys! you guys do provide alot of motivation! i have had to reduce my risk to 0.3% my thinking if i can atleast get back to breakeven i can have another go when the markets are move favourable to my strat and me. at least i know what is capable when times are tough reduce the risk. past month has been crap atleast for me anyways but we'll get through it!!
Clearly you deserve the motivation especially considering the fact that you show a TE outlining your trading progress.

Kudos to you.

Masterrmind..........
Master your Mind then Master your Trades
  • #2,120
  • Jul 3, 2020 6:10am Jul 3, 2020 6:10am
BASIS trading

buying SPOT and selling FUTURES or vv is a highly risk controlled strategy

is it ALLOWED on FTMO ???

which FTMO brokers offer SPOT AND FUTURES contracts???
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