FTMO - For serious traders | Page 141 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

$1,000,000.00 and Beyond ft. FTMO 29 replies

AkaMRP FTMO Journey 45 replies

FTMO Challenge.... How to beat....? 28 replies

FTMO Challenge; Could Survived? 41 replies

FTMO Challenge & Max Drawdown Issue 5 replies

Attachments: FTMO - For serious traders
Exit Attachments

FTMO - For serious traders

  • #2,801
  • Aug 19, 2020 1:37am Aug 19, 2020 1:37am
Quoting navk
{quote} my server FFTraderSRO-Demo
When you first log in it looks like this,right? The top is faded. Those are disabled. You can't trade those. You need to trade the ones that have .lmax at the end.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200819-023624_MetaTrader 4.jpg Size: 872 KB
The best strategy is a profitable one.
  • #2,802
  • Aug 19, 2020 1:43am Aug 19, 2020 1:43am
Quoting AnRan
{quote} When you first log in it looks like this,right? The top is faded. Those are disabled. You can't trade those. You need to trade the ones that have .lmax at the end. {image}
ok, got it.

I see those pairs with imax.

Let me check.

Thanks
Intraday only.
  • #2,803
  • Aug 19, 2020 1:54am Aug 19, 2020 1:54am
Quoting AnRan
{quote} When you first log in it looks like this,right? The top is faded. Those are disabled. You can't trade those. You need to trade the ones that have .lmax at the end. {image}
great. It is fine now. thanks a lot
Intraday only.
  • #2,804
  • Aug 19, 2020 4:15am Aug 19, 2020 4:15am
Quoting navk
i downloaded mt4 in mobile, connecting to server and chart appears. But " open trade " button is disabled. I tried in 2 mobiles. both same problem
Hi navk, make sure you go to the symbols list and select the .lmax extensions (EURUSD is under lmax1 for example). Once you do this the trade button will be enabled.

Cheers
maahome
  • #2,805
  • Aug 19, 2020 4:40am Aug 19, 2020 4:40am
Quoting maahome
{quote} Hi navk, make sure you go to the symbols list and select the .lmax extensions (EURUSD is under lmax1 for example). Once you do this the trade button will be enabled. Cheers maahome
yeah it is fine now. working
Intraday only.
  • #2,806
  • Aug 19, 2020 5:46am Aug 19, 2020 5:46am
Hi Guys, finally passed the challenge on my second try. Anyone knows how long till they send the Verification Account?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
adapt or be killed
  • #2,807
  • Aug 19, 2020 6:37am Aug 19, 2020 6:37am
Quoting slappymove
Hi Guys, finally passed the challenge on my second try. Anyone knows how long till they send the Verification Account? {image}
Maybe in a couple of days, will not take much.
  • #2,808
  • Aug 19, 2020 6:39am Aug 19, 2020 6:39am
Quoting slappymove
Hi Guys, finally passed the challenge on my second try. Anyone knows how long till they send the Verification Account? {image}
What was your risk% per trade? You achieved your target very fast, it looks for me hard to achieve without hitting daily SL in 30 days, if I'm risking 1% per trade.
  • #2,809
  • Aug 19, 2020 6:51am Aug 19, 2020 6:51am
Thanks! Hope to receive the details before monday.

My risk per trade in my first 10 days is 0.45% the 0.05% is a buffer for swaps and spread. Then this week I increased it to 0.9%, again the 0.1% is for buffer. I decided to increase the risk because I know I only have less than 2 weeks and there's nothing to loose aside from the effort I exerted in the last 2 weeks and also I have a profit of 7k at the start of this week. I don't mind repeating the challenge so my main goal is to at least have 0.01 USD profit by end of the challenge so I can get a free repeat.

I think it's just my lucky day that when I increased my risk, all three trades go where I want them to go. I traded AUDUSD, EURAUD, EURJPY today with total of ~5% profits. I used traderview to calculate my entries and exits. My trades are available at my TE, you can click it if you are interested.
adapt or be killed
  • #2,810
  • Aug 19, 2020 7:46am Aug 19, 2020 7:46am
I've been contemplating doing the FTMO challenge. Who doesn't like free money right? But its a bit concerning that the challenge goal is 10%. 10% in a month is pretty high for any professional trader. There is an element of luck to squeeze into the risk parameters vs the required target.

Essentially I could fire 4-5 big trades and hope they hit the target then pull back for the remaining days of the challenge, but that wouldn't actually mean I am fit to run a 100k account. I saw a lot of the youtube guys who passed, got funded, showed a withdrawal, are not trading with FTMO anymore, I can only assume its because their position stacking doesn't work during flat markets and t hey all seemed to pop up during the pandemic spikes where a trend based stack position would earn huge gains.

Anyone been trading with an FTMO funded account for 3 months or more here? Whats the experience actually like ?
  • #2,811
  • Aug 19, 2020 7:56am Aug 19, 2020 7:56am
Quoting Takisd
I've been contemplating doing the FTMO challenge. Who doesn't like free money right? But its a bit concerning that the challenge goal is 10%. 10% in a month is pretty high for any professional trader. There is an element of luck to squeeze into the risk parameters vs the required target. Essentially I could fire 4-5 big trades and hope they hit the target then pull back for the remaining days of the challenge, but that wouldn't actually mean I am fit to run a 100k account. I saw a lot of the youtube guys who passed, got funded, showed a withdrawal,...
An acquaintance of mine has been with FTMO for more than 10 months and very happy. He's a highly skilled trader but you won't find him on forums or youtube but enjoying his low profile life and working towards new goals away from the spotlight. There's probably a lot of traders like that. Social media stars are just that, they rise and they crash as quickly IMHO.
  • #2,812
  • Aug 19, 2020 7:58am Aug 19, 2020 7:58am
Quoting slappymove
Thanks! Hope to receive the details before monday. My risk per trade in my first 10 days is 0.45% the 0.05% is a buffer for swaps and spread. Then this week I increased it to 0.9%, again the 0.1% is for buffer. I decided to increase the risk because I know I only have less than 2 weeks and there's nothing to loose aside from the effort I exerted in the last 2 weeks and also I have a profit of 7k at the start of this week. I don't mind repeating the challenge so my main goal is to at least have 0.01 USD profit by end of the challenge so I can get...
Thank you for detailed explanation
  • #2,813
  • Aug 19, 2020 8:37am Aug 19, 2020 8:37am
Quoting Takisd
I've been contemplating doing the FTMO challenge. Who doesn't like free money right? But its a bit concerning that the challenge goal is 10%. 10% in a month is pretty high for any professional trader. There is an element of luck to squeeze into the risk parameters vs the required target. Essentially I could fire 4-5 big trades and hope they hit the target then pull back for the remaining days of the challenge, but that wouldn't actually mean I am fit to run a 100k account. I saw a lot of the youtube guys who passed, got funded, showed a withdrawal,...
You can always adjust your risk right? just be sure not to violate any of FTMO's rules.
ie. if as professional trader you can achieve 2.5% profit in a month and 1.5% drawdown, then you can try to multiply your risk by 4 = 10%profit, 6.0% max DD.
after passing the challenge, instead of your risk x4, you can lessen to x2 = 5% profit 3% DD. Then after passing verification, you can set it back to x1. I don't see the harm in doing it, it's just managing risk and following rules.

Or maybe try their trial first? it's free for 14 days - which is what most of the guys here are doing.

Quoting tradista
{quote} An acquaintance of mine has been with FTMO for more than 10 months and very happy. He's a highly skilled trader but you won't find him on forums or youtube but enjoying his low profile life and working towards new goals away from the spotlight. There's probably a lot of traders like that. Social media stars are just that, they rise and they crash as quickly IMHO.
Good to hear your acquaintance is doing good! Is he able to qualify for the scaling program and did FTMO give the +25% capital after 4 months?
adapt or be killed
  • #2,814
  • Aug 19, 2020 8:41am Aug 19, 2020 8:41am
Quoting slappymove
{quote} You can always adjust your risk right? just be sure not to violate any of FTMO's rules. ie. if as professional trader you can achieve 2.5% profit in a month and 1.5% drawdown, then you can try to multiply your risk by 4 = 10%profit, 6.0% max DD. after passing the challenge, instead of your risk x4, you can lessen to x2 = 5% profit 3% DD. Then after passing verification, you can set it back to x1. I don't see the harm in doing it, it's just managing risk and following rules. Or maybe try their trial first? it's free for 14 days - which is...
After you got your account, can you give information about live account rules? Does daily loss limit remains? Because I may need to increase my risk.
  • #2,815
  • Edited 9:03am Aug 19, 2020 8:49am | Edited 9:03am
Quoting slappymove
{quote}Is he able to qualify for the scaling program and did FTMO give the +25% capital after 4 months?
He already got scaled up.
Looks to me that FTMO is looking to change the game in this market, wanting to be the best prop firm and provide a good service to the retail trader. I'm just saying what I'm seeing after a lot of research, and believe me I'm a hard-core skeptical. Am expecting to join to check them out in "real life" with skin in the game, worse that can happen is that I lose my challenge fee, which is not life threatening for me. I guess "no pain no gain" applies
Planning to take my first challenge around september october when I'm able to focus on my manual trading properly. My criteria to take the plunge is that I passed at least two trials with ease.
  • #2,816
  • Aug 19, 2020 8:56am Aug 19, 2020 8:56am
Quoting slappymove
{quote} You can always adjust your risk right? just be sure not to violate any of FTMO's rules. ie. if as professional trader you can achieve 2.5% profit in a month and 1.5% drawdown, then you can try to multiply your risk by 4 = 10%profit, 6.0% max DD. after passing the challenge, instead of your risk x4, you can lessen to x2 = 5% profit 3% DD. Then after passing verification, you can set it back to x1. I don't see the harm in doing it, it's just managing risk and following rules. Or maybe try their trial first? it's free for 14 days - which is...

Sure, I mean, I can push 10% out in a week or two within their parameters. It certainly isn't sustainable. The question is do they hold you to that 10% after that? Or do you just earn whatever you earn so long as you are within their risk requirements for loss? Obviously we are all in this to make money, but I'd prefer to be able to non-stressly do it.

I'll be taking a stab at FTMO's 100k account sometime soon trading oil and dow. I am fairly sure I'll pass, but I am more interested in what lies beyond the frozen wall. I don't want to be fretting to get 10k profit each month after that, especially since I have life and other stuff to tend to as well.
  • #2,817
  • Aug 19, 2020 9:05am Aug 19, 2020 9:05am
Quoting Takisd
{quote} Sure, I mean, I can push 10% out in a week or two within their parameters. It certainly isn't sustainable. The question is do they hold you to that 10% after that? Or do you just earn whatever you earn so long as you are within their risk requirements for loss? Obviously we are all in this to make money, but I'd prefer to be able to non-stressly do it. I'll be taking a stab at FTMO's 100k account sometime soon trading oil and dow. I am fairly sure I'll pass, but I am more interested in what lies beyond the frozen wall. I don't want to be...
from what I understand, after being funded you don't have profit requirements at all, just stay within the DD parameters and that's it, you can even have small losing months.
  • #2,818
  • Aug 19, 2020 9:15am Aug 19, 2020 9:15am
Quoting Takisd
{quote} Sure, I mean, I can push 10% out in a week or two within their parameters. It certainly isn't sustainable. The question is do they hold you to that 10% after that? Or do you just earn whatever you earn so long as you are within their risk requirements for loss? Obviously we are all in this to make money, but I'd prefer to be able to non-stressly do it. I'll be taking a stab at FTMO's 100k account sometime soon trading oil and dow. I am fairly sure I'll pass, but I am more interested in what lies beyond the frozen wall. I don't want to be...
No, there's no monthly profit target, but if you are negative for this month, you need to get back your losses until you get to positive for you to get your profit share. For example:
1. August = Starting balance = 100,000, end of month balance = 110,000, you get 7k as your profit share. you can leave the profit for your buffer if you want, but in case you withdraw your share proceed with 2.
2. September =Starting Balance = 100,000, end of month balance = 95,000, here you don't get any profit share. Your 95,000 will be carried over next month, you need to get back the -5k.
3. October = Starting Balance = 95,000, end of month balance = 105,000, here you get 3.5k as profit share for the month.

Hope this example helps!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB
adapt or be killed
  • #2,819
  • Aug 19, 2020 9:58am Aug 19, 2020 9:58am
Quoting slappymove
Hi Guys, finally passed the challenge on my second try. Anyone knows how long till they send the Verification Account? {image}
24 hours congrats for you
  • #2,820
  • Edited 3:55pm Aug 19, 2020 10:08am | Edited 3:55pm
Good news for anyone who may have missed it:

Indices & Commodities commission free trading coming this week in MT4. Aug 22 2020.
Already free on MT5 & cTrader.

Figure I would save everyone time, and share learnings from a recent chat.
4 traders viewing now