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FTMO - For serious traders

  • #2,521
  • Edited Aug 3, 2020 12:00am Aug 2, 2020 9:18pm | Edited Aug 3, 2020 12:00am
does anyone know:

can the challenge or verification phase be paused?
does the drawdown calculation for the ftmo challenge reset at GMT 2200 each day?

*and interestingly, the ftmo trial is inaccessible
  • #2,522
  • Aug 3, 2020 1:22am Aug 3, 2020 1:22am
Quoting Le.Metier
does anyone know: can the challenge or verification phase be paused? does the drawdown calculation for the ftmo challenge reset at GMT 2200 each day? *and interestingly, the ftmo trial is inaccessible
It actually varies, hope examples below help:
1. Started Challenge August 3rd, passed all trading objectives on 28th. I can ask to pause or delay start of verification.
2. Same with #1, but for verification, you can opt to not trade for a few days. Disadvantage of this is that your account will only be evaluated after 30/31 days (not sure here) for profit split.
3. If you have a merged 300k funded account, but passed another 1~3 100k challenge/verification, these accounts will be on hold. It's like you have reserve accounts just in case you failed the trading objectives for your existing 300k funded account.

Max daily DD is reset 00:00 CEST. But of course, for example, if you currently have open positions in drawdown at -4k, your drawdown today is -4k and after reset it's the same at -4k. This is one of my challenges as the strategy I'm using sometimes need to hold onto positions for a couple of days. Hence, I reduced my risk which impacts the potential of the strategy. I'm used to holding 10%+ of drawdown. But yeah, we should follow the rules and adapt.
adapt or be killed
  • #2,523
  • Aug 3, 2020 2:18am Aug 3, 2020 2:18am
Quoting rtkwar
then good luck to you.. by the way it's not negative.. it's logic .. before fund you need to pass 30 days challange then 60 days verfication... and you need to achieve 50% positive days and 10% profit .. and max loss is 10% ... it's not logic terms to me
Can't find in ftmo.com website rule about 50% positive days... searched traderotakar profile posts and didn't find any comments regarding 50% days.

Is this 50% positive days still issue?
  • #2,524
  • Aug 3, 2020 2:29am Aug 3, 2020 2:29am
Quoting joyny
{quote} Can't find in ftmo.com website rule about 50% positive days... searched traderotakar profile posts and didn't find any comments regarding 50% days. Is this 50% positive days still issue?
The 50% positive days objective was removed several months ago.

Masterrmind........
Master your Mind then Master your Trades
  • #2,525
  • Aug 3, 2020 6:11am Aug 3, 2020 6:11am
I only see one broker available now? since they updated their website?

I only see FTMO
  • #2,526
  • Aug 3, 2020 6:16am Aug 3, 2020 6:16am
Quoting Masterrmind
{quote} The 50% positive days objective was removed several months ago. Masterrmind........
Good thing they removed the 50% profitable target days. I also remember there is a target profit % - which they also removed.

If anyone from FTMO reads this, I hope one tradingview integrated broker will be included to the list of brokers.
adapt or be killed
  • #2,527
  • Aug 3, 2020 6:42am Aug 3, 2020 6:42am
I just waited for 30 minutes in their customer support live chat I finally got to the front of their support que as number 1 and was bumped to the back number 40 after wasting all that time.

Another RED flag.

This company is making a lot of promises but there are a ton of Red flags.

1. Crazy spreads
2. Only one broker to choose from now FTMO
3. A crazy rule that you can not exit a trade during an important report when spreads go wild.
4. Located in a shady country and no international customer support numbers
5. Now a very poor live chat service and customer support emails take days to return.

  • #2,528
  • Aug 3, 2020 7:00am Aug 3, 2020 7:00am
Quoting CeeSo
I just waited for 30 minutes in their customer support live chat I finally got to the front of their support que as number 1 and was bumped to the back number 40 after wasting all that time. Another RED flag. This company is making a lot of promises but there are a ton of Red flags. 1. Crazy spreads 2. Only one broker to choose from now FTMO 3. A crazy rule that you can not exit a trade during an important report when spreads go wild. 4. Located in a shady country and no international customer support numbers 5. Now a very poor live chat service...
That's new, I haven't had this issue with them. Probably because of the upgrades?
adapt or be killed
  • #2,529
  • Aug 3, 2020 7:12am Aug 3, 2020 7:12am
Quoting CeeSo
I only see one broker available now? since they updated their website? I only see FTMO
It shows 2 broker's on mine, FTMO LMax feed and Purple.

Platform options are MT4, MT5 (not Purple) or cTrader.

Masterrmind........
Master your Mind then Master your Trades
  • #2,530
  • Aug 3, 2020 7:38am Aug 3, 2020 7:38am
Quoting Masterrmind
{quote} I've attached it to a TE publicly visible. Started off late this week but made a few quick trades. Let's see how it goes over the 14 days. Makes no difference either way since skin only gets put in the game once a challenge kicks off. What are your plans moving forward? Masterrmind.........
have been following you and mtinifx, I myself am still torn on who to go for I hate options , but now seeing the broker list has been reduced too 2 brokers with FTMO it may now be a competitor

Lewis
  • #2,531
  • Aug 3, 2020 8:06am Aug 3, 2020 8:06am
Quoting leweg1
{quote} have been following you and mtinifx, I myself am still torn on who to go for I hate options , but now seeing the broker list has been reduced too 2 brokers with FTMO it may now be a competitor Lewis
Yes options make it very interesting.

Either way there is a degree of risk involved.

Masterrmind........
Master your Mind then Master your Trades
  • #2,532
  • Aug 3, 2020 8:22am Aug 3, 2020 8:22am
It is interesting.

Whether a comment reveals FTMO or not, it surely reveals the mindset of the person posting.
Determination + Persistence = Success
  • #2,533
  • Aug 3, 2020 9:04am Aug 3, 2020 9:04am
FTMO became popular, i guess they are upgrading their infrastructure.
Still a growing company, takes a while to response to our emails.
I am trading gold, and dow i make sure make enough profits to cover the spreads and not to whine about spreads.
In the end no one forces us to trade with them.
on a postive roll...
  • #2,534
  • Aug 3, 2020 9:24am Aug 3, 2020 9:24am
Well looks like I'm going to be a guinea pig for one of their competitors again. If I get some bucks back in a couple weeks I'll be a happy guinea pig. If I don't I will be a very unhappy Guinea Pig!
Attached Image
  • #2,535
  • Aug 3, 2020 9:31am Aug 3, 2020 9:31am
Quoting Mtinifx
Well looks like I'm going to be a guinea pig for one of their competitors again. If I get some bucks back in a couple weeks I'll be a happy guinea pig. If I don't I will be a very unhappy Guinea Pig! {image}
Just trade with parameters in mind; you will do fine. I got some good feedback on that as well from traders.
Good Luck.
Determination + Persistence = Success
  • #2,536
  • Aug 3, 2020 9:41am Aug 3, 2020 9:41am
Quoting SKLearn
{quote} Just trade with parameters in mind; you will do fine. I got some good feedback on that as well from traders. Good Luck.
Thanks for that
  • #2,537
  • Aug 3, 2020 11:58am Aug 3, 2020 11:58am
Quoting Ak386
{quote} Rami you say you passed the challenge in demo, I ask you, did you achieve the profit with 5% or 10% profit? the important one is 10%, the demo account is designed with 5% profit, but the real challenge is 10%. Rami here we are 99% trying to pass the challenge, those who have already passed do not write in the forum, here we all think we are experts but cannot pass the challenge. Some pass but they have to start again, welcome here this is a lot of fun....
I just passed the ( free challenge for two weeks target 5% ) , i know all their account are demo . still have some sides to improve before jump in challenge .

thanks man am not planning to stay here then if am going to keep trying :S

actually the deal is too good to believe its real , i just wanted to see some feedback for people who already win and receive money sure other than who are on you their website , its very storage that limited videos only posted ,

just thinking loud lots of people online offering to FX service ( signal , copy trade .... etc ) for such normal fee , if those all profitable at least 10% why don't they join such programs ?? 100k by just risking 500$ ..
  • #2,538
  • Aug 3, 2020 12:58pm Aug 3, 2020 12:58pm
it is very easy to understand that FTMO is currently White Label or minimum introducing brokers, FTMO is not interested in more brokers, that is good business

If I had more money I built an identical company to FTMO
Be happy, friendly, humble and winner!!
  • #2,539
  • Aug 3, 2020 1:05pm Aug 3, 2020 1:05pm
Quoting Masterrmind
{quote} This is a major reason why I decided to start a trial before plunging into the challenge stage so I could examine the spread profile across several of the pairs I typically trade. If they intend to offer just the one broker solution then it's less than ideal. More choice for the traders is always a step in the right direction and less choice is never in the best interests of the trader. I notice that a current video has them stating that the FTMO LMax solution will be the best for their traders but this is too bold of a statement to be making...
I just passed my second trial... the first one was blown out on the second or third day due to rollover spreads... I was at about 80% of my daily max loss, and the spreads took it the rest of the way. On my second trial I knew I had to reduce size... so I had many small trades... it worked. My concern now is if I pass and get funded, I have about 15 or so instruments traded... avoiding all the forbidden news could be a hassle. Any tips or tricks or software for managing this? Thanks...

I, too, hope they'll improve the rollover spreads, especially.
  • #2,540
  • Aug 3, 2020 7:40pm Aug 3, 2020 7:40pm
Quoting doyathink
{quote} I just passed my second trial... the first one was blown out on the second or third day due to rollover spreads... I was at about 80% of my daily max loss, and the spreads took it the rest of the way. On my second trial I knew I had to reduce size... so I had many small trades... it worked. My concern now is if I pass and get funded, I have about 15 or so instruments traded... avoiding all the forbidden news could be a hassle. Any tips or tricks or software for managing this? Thanks... I, too, hope they'll improve the rollover spreads, especially....
Use a direct link to their calendar page and check red news events that are restricted (not all red news are restricted - very few actually)). Note the time and ensure you do not open or close trades 2 minutes before / after the event. Or us an EA that reads news events and stops any EA trading for "X" minutes before and after the events. This only applies to funded accounts - these restrictions do not apply to challenge/verification.

Cheers
maahome
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