Have now purchased 3 by 100K challenges in total. All 3 will be traded via cTrader. Looking forward to making a start Monday. Good trading, Masterrmind ........
Good going man, good luck... Taking a shot soon as well.
- #2,901
- Aug 23, 2020 12:28am Aug 23, 2020 12:28am
- Joined Apr 2016 | Status: Conquistadores' | 1,545 Posts
- #2,902
- Aug 23, 2020 12:29am Aug 23, 2020 12:29am
- Joined Apr 2016 | Status: Conquistadores' | 1,545 Posts
Have now purchased 3 by 100K challenges in total. All 3 will be traded via cTrader. Looking forward to making a start Monday. Good trading, Masterrmind ........
- #2,903
- Aug 23, 2020 12:58am Aug 23, 2020 12:58am
- Joined Oct 2010 | Status: Trader | 21,482 Posts
{quote} Just carry on trading your old accounts - they don't get cancelled. One can just pretend it's a smaller challenge! You don't get any prizes for passing trial account
Intraday only.
Have now purchased 3 by 100K challenges in total. All 3 will be traded via cTrader. Looking forward to making a start Monday. Good trading, Masterrmind ........
a) purpletrading - not allowed to copy or provide signals
and
b) axiory (before the update they allow us to use this broker for ctrader) - allows to copy only free strategies or provide strategies via cTrader Copy.
Can you please let us know if cMirror or CopyTrade is allowed for FTMO's cTrader? I have my live account with ICMarkets and would like to trade that account while my FTMO accounts are copying. Thanks!
adapt or be killed
Have now purchased 3 by 100K challenges in total. All 3 will be traded via cTrader. Looking forward to making a start Monday. Good trading, Masterrmind ........
All the very best, whatever you decide, but just wanted to give you my experience.
- #2,906
- Aug 23, 2020 3:20am Aug 23, 2020 3:20am
- Joined Oct 2010 | Status: Trader | 21,482 Posts
Intraday only.
- #2,907
- Aug 23, 2020 3:53am Aug 23, 2020 3:53am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,682 Posts
hi frinds. I have a question, I have a skrill account, can i pay the fee to one of my friend thro my skril account ? How abot withdrawal ..as a funded trader, my friend can ask withdrawal to my skril account ? Or is it mandatory to have seperate skril account for fee payment and withdrawal ?
You recive the money in your account after that you send him hou much needed for free but you have to link a credit card or account fro wich money need's to be trasfred!
- #2,908
- Aug 23, 2020 4:08am Aug 23, 2020 4:08am
- Joined Oct 2010 | Status: Trader | 21,482 Posts
{quote} Complicated
Intraday only.
- #2,909
- Aug 23, 2020 4:18am Aug 23, 2020 4:18am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,682 Posts
- #2,910
- Aug 23, 2020 6:55am Aug 23, 2020 6:55am
- Joined Oct 2010 | Status: Trader | 21,482 Posts
Intraday only.
- #2,912
- Edited 9:52am Aug 23, 2020 8:59am | Edited 9:52am
- Joined Feb 2012 | Status: Trader | 3,926 Posts
cTrader Copy - a reference
https://bestctraderbrokers.com/guide...egy-providers/
https://help.ctrader.com/ctrader-copy
https://www.spotware.com/integration...-by-duplikium/
Indirect relational 
https://bestctraderbrokers.com/faq-w...trader-server/
Inserted Video
https://help.ctrader.com/ctrader-copy
Indirect relational
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
- #2,913
- Aug 23, 2020 9:30am Aug 23, 2020 9:30am
- Joined Oct 2010 | Status: Trader | 21,482 Posts
Intraday only.
{quote} Fantastic! My advice, fwiw, would be to trade all three accounts the same (via a trade copier if you can). You’ll have seen how I struggled getting all three over the line and how Swing4Fence (who’s trading results have been simply amazing!) also struggled to get his third account over the line. All the very best, whatever you decide, but just wanted to give you my experience.
- #2,915
- Aug 23, 2020 10:25am Aug 23, 2020 10:25am
After extensive reading of FTMO site and relevant FF posts, just when I thought I had MDL (Max Daily Loss) all figured out... I still have one confusion regarding daily drawdown limit.
Before I get to the source of that confusion... let me state what I do understand clearly (I will use 100k as an example):
1) Max Overall Loss is 10% of initial capital + any profit (if any). In other words, account cannot go below 90k under no circumstance.
2) Max Daily Loss is 5% of 100k. However, it can increase.......IF....trader starts the day with closed profits say $500, then MDL is increased to $5,500... but for that day only. It resets to 5k the next day.
--------------------------------------------------------------------
My understanding was that... regardless of whether I close my losing trades or not, if floating loss (or closed losing trades for that matter) is greater than 5k by even a cent or so, it will disqualify a challenge/verification or close a funded account immediately.
Now, here is the source of my confusion. It is on FTMO site: Here is the direct link
Drawdown by definition is also called floating loss. You cant have DD after you close trades. If the above FTMO DD rule is true, it appears to be stating that a trade(s) could potentially be in 10% temporary DD before closing it with a profit (or a closed loss that has to be less than 5k).
Here is the problem... the lowest point in floating loss/DD that the account would have reached, would be say 9%.......... and if point 2 above is correct, that counts as a violation.
-----------------------------------------
I am guessing my overall understanding is correct about MDL. The FTMO site statement might be a typo or just worded incorrectly. I think it is still referring to the 10% Max Loss as a 10% Drawdown buffer and with MDL still at 5%.
MDL is very important to be clear about because it is the number 1 reason (from what I read and saw) for most failures and account closures, since it can be easily breached even with a few lots on a bad day.
My question to FTMO (or anyone here with confirmed knowledge about this): Is the MDL aka daily floating loss aka drawdown during open trades..... all one and the same thing and therefore fixed at 5%?
Before I get to the source of that confusion... let me state what I do understand clearly (I will use 100k as an example):
1) Max Overall Loss is 10% of initial capital + any profit (if any). In other words, account cannot go below 90k under no circumstance.
2) Max Daily Loss is 5% of 100k. However, it can increase.......IF....trader starts the day with closed profits say $500, then MDL is increased to $5,500... but for that day only. It resets to 5k the next day.
--------------------------------------------------------------------
My understanding was that... regardless of whether I close my losing trades or not, if floating loss (or closed losing trades for that matter) is greater than 5k by even a cent or so, it will disqualify a challenge/verification or close a funded account immediately.
Now, here is the source of my confusion. It is on FTMO site: Here is the direct link
Drawdown by definition is also called floating loss. You cant have DD after you close trades. If the above FTMO DD rule is true, it appears to be stating that a trade(s) could potentially be in 10% temporary DD before closing it with a profit (or a closed loss that has to be less than 5k).
Here is the problem... the lowest point in floating loss/DD that the account would have reached, would be say 9%.......... and if point 2 above is correct, that counts as a violation.
-----------------------------------------
I am guessing my overall understanding is correct about MDL. The FTMO site statement might be a typo or just worded incorrectly. I think it is still referring to the 10% Max Loss as a 10% Drawdown buffer and with MDL still at 5%.
MDL is very important to be clear about because it is the number 1 reason (from what I read and saw) for most failures and account closures, since it can be easily breached even with a few lots on a bad day.
My question to FTMO (or anyone here with confirmed knowledge about this): Is the MDL aka daily floating loss aka drawdown during open trades..... all one and the same thing and therefore fixed at 5%?
In other news: A ranger was trapped between a bull and a bear
- #2,916
- Aug 23, 2020 10:26am Aug 23, 2020 10:26am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
Have now purchased 3 by 100K challenges in total. All 3 will be traded via cTrader. Looking forward to making a start Monday. Good trading, Masterrmind ........
Looking forward to checking that TE everyday - or is it not possible with cTrader?
- #2,918
- Aug 23, 2020 10:40am Aug 23, 2020 10:40am
After extensive reading of FTMO site and relevant FF posts, just when I thought I had MDL (Max Daily Loss) all figured out... I still have one confusion regarding daily drawdown limit. Before I get to the source of that confusion... let me state what I do understand clearly (I will use 100k as an example): 1) Max Overall Loss is 10% of initial capital + any profit (if any). In other words, account cannot go below 90k under no circumstance. 2) Max Daily Loss is 5% of 100k. However, it can increase.......IF....trader starts the day with closed profits...
