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FTMO - For serious traders

  • #2,841
  • Aug 20, 2020 4:33am Aug 20, 2020 4:33am
Quoting Muhammedfx
{quote} I want to take 100000 real challenge but I am not comfortable with making 10k in 30 days. hope they decrease the target for first phase. 10% in 30 days is an unrealistic target.

How much can you make a month? 5%?
  • #2,842
  • Aug 20, 2020 7:33am Aug 20, 2020 7:33am
Quoting pipmaster77
{quote} 25% every 4 months, used to cap at 600K, now no limit. If you're skilled, this will literally change your life.
It's not 25% - it is $25k. Quite a difference
  • #2,843
  • Aug 20, 2020 8:04am Aug 20, 2020 8:04am
Quoting AndyN
{quote} It's not 25% - it is $25k. Quite a difference

Yes; it's always 25% of the original funding amount.

Interesting to see people's views and experiences of FTMO, here.

I was considering buying the Challenge soon as part of my daughter's 18th birthday present (she's been practicing under age on an Oanda demo and is quite good now).

I emailed FTMO with a couple of questions but they didn't reply yet (a bit offputting).

Does anyone here know whether they have a minimum age requirement, and is it 18 or 21?

And whether she can do their free trial using cTrader, or does it have to be MetaTrader for that (which she won't use)?
  • #2,844
  • Aug 20, 2020 8:17am Aug 20, 2020 8:17am
Quoting AndyN
{quote} It's not 25% - it is $25k. Quite a difference
If you do the max of 3 accounts, 300K, it would be 75K scale up, you will be trading a 600K account in 16 months. GOTTA GO BIG!!!!
  • #2,845
  • Aug 20, 2020 8:37am Aug 20, 2020 8:37am
FTMO Challenge 1 purchased and will be traded via cTrader.

This is number 1 of 3 accounts, the final 2 will be purchased soon.

I will provide a MyFxBook link in my profile for those traders interested in its progress.

TE won't be provided since it doesn't support cTrader.

The MyFxBook link will be provided once Trade 1 commences.

Ultimately my aim is to merge the 3 by 100k funded accounts into a master 300K account.

All challenge retakes and total fees paid to reach 300K master account will be posted in this thread.

I do not assume that only 3 challenge fees will be paid, it could be several more.

Good trading,

Masterrmind ..........
Master your Mind then Master your Trades
  • #2,846
  • Aug 20, 2020 8:41am Aug 20, 2020 8:41am
Quoting Masterrmind
FTMO Challenge 1 purchased and will be traded via cTrader. This is number 1 of 3 accounts, the final 2 will be purchased soon. I will provide a MyFxBook link in my profile for those traders interested in its progress. TE won't be provided since it doesn't support cTrader. The MyFxBook link will be provided once Trade 1 commences. Ultimately my aim is to merge the 3 by 100k funded accounts into a master 300K account. All challenge retakes and total fees paid to reach 300K master account will be posted in this thread. I do not assume that only 3 challenge...
Good luck...my plan as well, I'm +6K in 6 days so far. I'm really stuck on the merging the 3 accounts though as a black swan could put you back to square 1. I don't trade the CHF at all, however could happen with other currencies as well. I was thinking of merging as well, but now thinking 3 separate and only trading certain instruments in each?
  • #2,847
  • Aug 20, 2020 8:50am Aug 20, 2020 8:50am
so whilst practicing under the FTMO guidelines before taking the test, I made 12% today (in 1 day). Volatile markets probably make the target easier if you are a good trader but it means I can't actually gauge what it will be like in regular conditions. I guess who cares.
  • #2,848
  • Aug 20, 2020 8:55am Aug 20, 2020 8:55am
Quoting pipmaster77
{quote} Good luck...my plan as well, I'm +6K in 6 days so far. I'm really stuck on the merging the 3 accounts though as a black swan could put you back to square 1. I don't trade the CHF at all, however could happen with other currencies as well. I was thinking of merging as well, but now thinking 3 separate and only trading certain instruments in each?
I plan to have a few paused accounts as a backup.

Black swan events are fairly rare but very nasty if they catch you.

Trading the three separately and with different symbols is one approach to minimize potential carnage.

I view it as a very rare event so I will trade just the one large account, assuming I get that far ofcourse.

Best of trading to you.

Masterrmind ..........
Master your Mind then Master your Trades
  • #2,849
  • Aug 20, 2020 9:01am Aug 20, 2020 9:01am
Quoting Masterrmind
FTMO Challenge 1 purchased and will be traded via cTrader. This is number 1 of 3 accounts, the final 2 will be purchased soon. I will provide a MyFxBook link in my profile for those traders interested in its progress. TE won't be provided since it doesn't support cTrader. The MyFxBook link will be provided once Trade 1 commences. Ultimately my aim is to merge the 3 by 100k funded accounts into a master 300K account. All challenge retakes and total fees paid to reach 300K master account will be posted in this thread. I do not assume that only 3 challenge...
good luck...
  • #2,850
  • Aug 20, 2020 9:08am Aug 20, 2020 9:08am
Quoting fx75
{quote} good luck...
Thank you fx75 and clearly some luck is needed particularly during the challenge stage.

Masterrmind .........
Master your Mind then Master your Trades
  • #2,851
  • Aug 20, 2020 9:18am Aug 20, 2020 9:18am
Quoting Masterrmind
{quote} I plan to have a few paused accounts as a backup. Black swan events are fairly rare but very nasty if they catch you. Trading the three separately and with different symbols is one approach to minimize potential carnage. I view it as a very rare event so I will trade just the one large account, assuming I get that far ofcourse. Best of trading to you. Masterrmind ..........
Good luck! See you in one of the interviews after successfully passing the challenge???

----------------

I made a mistake on my trades today, no wonder my % losses are huge. Forgot to set back the risk to 0.45% in traderview's long/short measurement tool. oh my... wrong lot size...
adapt or be killed
  • #2,852
  • Aug 20, 2020 9:27am Aug 20, 2020 9:27am
Quoting slappymove
{quote} Good luck! See you in one of the interviews after successfully passing the challenge??? ---------------- I made a mistake on my trades today, no wonder my % losses are huge. Forgot to set back the risk to 0.45% in traderview's long/short measurement tool. oh my... wrong lot size...
Yes be careful with the applied risk it would be very nasty to see all your hard work come undone.

If you are trading the verification certainly take it slow...plenty of time to grab the 5%.

Masterrmind ........
Master your Mind then Master your Trades
  • #2,853
  • Aug 20, 2020 11:07am Aug 20, 2020 11:07am
Hey guys. I started my 10k challenge today. Starting small.

But I noticed something strange. I openned a position of 0.26 in usdjpy with a stoploss of 26 pips. It's about 50 bucks risk. However, in my Account Metrix my daily loss was down 138. It's impossible even if I almost reached the sl plus the commission. And it's was my first trade. I also noticed that for example my net float net profit was 0.26, I saw in the metrics 9 bucks profits. It's impossible xD

I'm using cTrader. Did you guys notice some problems with this?

That way I will fail the challenge because of that issue. :|
  • #2,854
  • Aug 20, 2020 11:30am Aug 20, 2020 11:30am
Quoting willfant
Hey guys. I started my 10k challenge today. Starting small. But I noticed something strange. I openned a position of 0.26 in usdjpy with a stoploss of 26 pips. It's about 50 bucks risk. However, in my Account Metrix my daily loss was down 138. It's impossible even if I almost reached the sl plus the commission. And it's was my first trade. I also noticed that for example my net float net profit was 0.26, I saw in the metrics 9 bucks profits. It's impossible xD I'm using cTrader. Did you guys notice some problems with this? That way I will...
You have made wrong calculation beetwen $ and SL: 50$ : 26 pips SL = 0.19 $ per pip ... these is the issue
  • #2,855
  • Aug 20, 2020 11:59am Aug 20, 2020 11:59am
Quoting Muhammedfx
{quote} Please share, i dont know much about it.
https://traders4traders.com/forex-fu...-how-it-works/

traders4traders

1. 100k account costs 350$ USD (Cheaper than FTMO)
2. Profit target of 12% (Higher than FTMO)
3. Max DD of 4% (lower than FTMO)
4. Weekly loss limit of 2% (Lower than FTMO)
5. Maximum trade size 10 Lots (FTMO has no max)
6. No monthly payment (Same as FTMO)
7. Every trade needs to have a SL (FTMO no need for SL)
8. No holding over the weekend (Same as FTMO)
9. UNLIMITED TIME TO REACH PROFIT TARGET (FTMO is 30 Days)

This company gives you unlimited time to pass, so you can take as long as you want but the DD rules and Profit target is much more strict.
  • #2,856
  • Aug 20, 2020 12:32pm Aug 20, 2020 12:32pm
Quoting mizi123
{quote} You have made wrong calculation beetwen $ and SL: 50$ : 26 pips SL = 0.19 $ per pip ... these is the issue
Sorry I didn't get it...

I have a 10k account. I want to risk 0.5% of that amount in 26 pips. So in the usdjpy means that I need to open a 0.24lt which is 1.91 euros/pip. 1.91 * 26 = 49.66 euros.

Sorry I forgot to say that my account is in euros. But anyway, it's impossible to get more than 50 euros (negative) in my results even if I reached the SL. with just one trade. Looks like the float p/l are being multiplied because the same thing happens with the profit target. However, when I close the position the profit target is back to normal. I also had problems with the metrix using the trial. I reached the support team, they solved and I hope they solve this too. It's cleary something happened with the metrix

They told me that that issue only happened on trials. I don't know....

I'm not trying to say any bad things about FTMO. Usally they reply very fast. I only want to know if anyone experienced this issue using the cTrader platform. Maybe there are a problem with the API of ctrader that causes this type of sync error. I don't know...
  • #2,857
  • Aug 20, 2020 12:52pm Aug 20, 2020 12:52pm
Quoting pipmaster77
{quote} Good luck...my plan as well, I'm +6K in 6 days so far. I'm really stuck on the merging the 3 accounts though as a black swan could put you back to square 1. I don't trade the CHF at all, however could happen with other currencies as well. I was thinking of merging as well, but now thinking 3 separate and only trading certain instruments in each?
I ended up keeping my 2 funded accounts separate for that very reason. Currently have 2 funded and 1 in Verification. Once I have all three funded, then I am thinking of merging 2 of them and keeping 1 separate just in case
  • #2,858
  • Aug 20, 2020 12:53pm Aug 20, 2020 12:53pm
Quoting Masterrmind
FTMO Challenge 1 purchased and will be traded via cTrader. This is number 1 of 3 accounts, the final 2 will be purchased soon. I will provide a MyFxBook link in my profile for those traders interested in its progress. TE won't be provided since it doesn't support cTrader. The MyFxBook link will be provided once Trade 1 commences. Ultimately my aim is to merge the 3 by 100k funded accounts into a master 300K account. All challenge retakes and total fees paid to reach 300K master account will be posted in this thread. I do not assume that only 3 challenge...
All the very best....youve got this!
  • #2,859
  • Aug 20, 2020 1:12pm Aug 20, 2020 1:12pm
Quoting slappymove
{quote} Yo Swing, you are killing it! almost 10% in 1 week and small dd! is your funded demo account being refreshed every month? ie. after this month and after you get your split, they give you another account to trade for next month? How long does it take for them to send you the details of account for next month?
I’m doing a similar plan Masterrmind mentioned. Building multiple accounts to have as backup for winter.
  • #2,860
  • Aug 20, 2020 2:40pm Aug 20, 2020 2:40pm
Quoting willfant
{quote} Sorry I didn't get it... I have a 10k account. I want to risk 0.5% of that amount in 26 pips. So in the usdjpy means that I need to open a 0.24lt which is 1.91 euros/pip. 1.91 * 26 = 49.66 euros. Sorry I forgot to say that my account is in euros. But anyway, it's impossible to get more than 50 euros (negative) in my results even if I reached the SL. with just one trade. Looks like the float p/l are being multiplied because the same thing happens with the profit target. However, when I close the position the profit target is back to normal....
Honestly i have never traded in cTrader but in mt4 i never had such issues calculation are like next half % of 10 000 K is 50 S : 26 pips = 0.193 per pip if your leverage is 1:100 ....
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