Determination + Persistence = Success
- Post #2,362
- Quote
- Jul 17, 2020 4:45pm Jul 17, 2020 4:45pm
The only one that is worth it is FTMO, it is clear, transparent, the most important thing is that they show their faces, another company may arrive with better conditions, but there is not yet
Be happy, friendly, humble and winner!!
- Post #2,365
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- Jul 17, 2020 8:50pm Jul 17, 2020 8:50pm
The only one that is worth it is FTMO, it is clear, transparent, the most important thing is that they show their faces, another company may arrive with better conditions, but there is not yet
Determination + Persistence = Success
- Post #2,367
- Quote
- Jul 17, 2020 9:31pm Jul 17, 2020 9:31pm
{quote} One of the funded traders interviewed by Pavel on YouTube used EA's for, I believe, passing five challenges. And he's still using them for trading his funded accounts. Look it up...
Yes i saw it, I would like to talk with people use it
!!
- Post #2,370
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- Jul 18, 2020 1:36pm Jul 18, 2020 1:36pm
- Joined Nov 2012 | Status: Coder | 8,507 Posts
Try don't lose pants never...
- Post #2,373
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- Jul 18, 2020 10:12pm Jul 18, 2020 10:12pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,231 Posts
if they gave me 1mil to manage I may think about it!
To get 1M funded with these guys you need to firstly gain 3 by 100k funded accounts, join them into a single master 300k account and derive a minimum 10% return every 4 months when they will scale your account by 25%.
As I posted earlier to hit the 1M funded account level will take over 3 years.
However, it is possible for a trader to show a 1M account earlier than 3 years by non withdrawal of all profit splits, noting that FTMO will withdraw any monthly profit splits owed to them.
Be aware that they reserve the right to change the scaling plan at any time including funding given out to traders.
Remember to assess the risks if you participate.
Apart from time the initial risk for 3 by 100k challenges is about USD$1830 currently but every challenge you fail to make to funded stage will add an additional USD$610 per attempt.
Challenge -> Verification -> Funded
If you satisfy all trading objectives except the profit target then you are provided an additional attempt free of charge provided some profit shows.
There are several alternatives that may suit your 1M plan at a much faster pace than the assumed 3 years plus a few months offered here.
You tube has plenty of entertainment about assumed funded FTMO traders offering various profit splits that might have a trader pay less entry fees but I think they are far from preferred and in my opinion offered from non-prepared individuals who might lack the technology to cater for more than a handful of traders who choose to take this path.
Certainly, I would not be going down this path but it may have some value to others with little to no funds.
Personally, when I play I always pay.
Do your own due diligence.
Good trading,
Masterrmind ..........
Master your Mind then Master your Trades
- Post #2,374
- Quote
- Jul 18, 2020 10:27pm Jul 18, 2020 10:27pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,231 Posts
{quote} One of the funded traders interviewed by Pavel on YouTube used EA's for, I believe, passing five challenges. And he's still using them for trading his funded accounts. Look it up...
Most likely due to dipping toes in the water and paying only for the lowest price entry fee until success occurred, after which higher priced challenges were attempted.
Using EA's that are almost entirely based on lagging RSI data will require plenty of trade management from the trader over the longer term to effectively derive ongoing profit.
If it works for him though, best of luck although I tend to think that plenty of info was not given out and that's understandable.
Masterrmind ........
Master your Mind then Master your Trades
- Post #2,378
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- Jul 19, 2020 9:26am Jul 19, 2020 9:26am
- Joined Nov 2012 | Status: Coder | 8,507 Posts
As i finished I was checking my challenge and not look good from performance perspective due weekend rule 
Try don't lose pants never...
- Post #2,379
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- Jul 19, 2020 9:40am Jul 19, 2020 9:40am
- Joined Feb 2011 | Status: Member | 6,018 Posts
As i finished I was checking my challenge and not look good from performance perspective due weekend rule
- Post #2,380
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- Jul 19, 2020 9:43am Jul 19, 2020 9:43am
- Joined Nov 2012 | Status: Coder | 8,507 Posts
{quote} braintheboss, all I can say is thank God that's a demo account!
But one day it will be real and is not cool 
Try don't lose pants never...