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FTMO - For serious traders

  • #2,941
  • Aug 23, 2020 5:04pm Aug 23, 2020 5:04pm
Quoting akamrp
Hey guys, anyone having issues login into to mt4? I am using the mt4 app on my phone, its saying authorization failed and I am not able to see the charts. anyone else having this problem?
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Trade with confidence, trade without fear.
  • #2,942
  • Aug 23, 2020 5:08pm Aug 23, 2020 5:08pm
Quoting Cryptosurf
{quote} {image}
Thanks, I have just tried that as well, same results.

Am I meant to use the same credentials to log in? as it is not working
  • #2,943
  • Aug 23, 2020 5:28pm Aug 23, 2020 5:28pm
Quoting digiff
{quote} I think I just figured it out.... after reading that phrase of yours. Day 1: Floating loss -4990 (assuming brand new account and 1st trade).... MDL is not breached. Trade is left running. MDL is reset for next day. Day 2: Another losing trade.....another 2nd floating loss -4980 (assuming the 1st trade miraculously stays at -4990 or better).... so now the trader is in almost 10% drawdown... but still surviving... barely. So, if the trades cross the 10% threshold, he/she breached BOTH the daily limit and max loss at the same time, the same...
When the FTMO day resets (6pm Eastern here in US), your MDL resets to 5K on a 100K account. If you carry -4990 into the day, you have a $10 buffer. That trade would need to be closed before 6PM, or it will count toward your next day MDL as it is still a floating loss. I learned the hard way, violated my first challenge. I was up $4K for the day (all open and floating), I closed my profitable trades of $11K and left the floating losses(7K) open. Was actually on vacation and forgot to close the floating losses. I immediately violated at 6 pm eastern as I rolled those losses into next day. I now close everything or keep very small trades open going into that daily reset.
  • #2,944
  • Aug 23, 2020 5:32pm Aug 23, 2020 5:32pm
Quoting akamrp
{quote} Thanks, I have just tried that as well, same results. Am I meant to use the same credentials to log in? as it is not working
I have tried logging in with new server to no avail. However, I can still access and trade on old server.

Just went into client area, top of page states:

Due to unexpected technical difficulties, we were not able to migrate to the new server. We kindly ask you to resume trading on the current server "FFTraderSRO-Demo. We apologize for the inconvenience.
  • #2,945
  • Aug 23, 2020 5:40pm Aug 23, 2020 5:40pm
Quoting pipmaster77
{quote} I have tried logging in with new server to no avail. However, I can still access and trade on old server. Just went into client area, top of page states: Due to unexpected technical difficulties, we were not able to migrate to the new server. We kindly ask you to resume trading on the current server "FFTraderSRO-Demo. We apologize for the inconvenience.
I cant login either, my old server was cmc europe btw, dont know if this affects anything, cant login any of them
  • #2,946
  • Edited Aug 24, 2020 5:29am Aug 23, 2020 6:00pm | Edited Aug 24, 2020 5:29am
Re Login - difficulty login old server

My actions as a coder and experienced user

1. Closed the MT4 Terminal

2. Deleted these Logs files - they will be re-created when the terminal is restarted
Note: the Logs files will not delete if the terminal is open - close the terminal
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below Logs file -> Refer MQL4 folder - delete the log file
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3. Refer Config folder -> deleted the contents of the Server.ini file (the file will open in Notepad) and saved the file as empty of content. (below image (or may appear similar) is the updated file content after restarting the terminal)
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4. Restarted MT4 terminal

5. Re-scanned the relevant server -> File >> Open an Account (for future reference - for when it becomes operational - if FTMO-Server is not automatically included it can be added manually by typing in, then highlight, then Scan)
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6. Re-entered Login details - all good, up and running.

Will it work for you - who knows ?
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #2,947
  • Aug 23, 2020 7:29pm Aug 23, 2020 7:29pm
Quoting Phylo
Re Login - difficulty login old server My actions as a coder and experienced user 1. Closed the MT4 Terminal 2. Deleted these Logs files - they will be re-created when the terminal is restarted Note: the Logs files will not delete if the terminal is open - close the terminal {image} {image}below Logs file -> Refer MQL4 folder - delete the log file {image}3. Refer Config folder -> deleted the contents of the Server.ini file (the file will open in Notepad) and saved the file as empty of content. (below image is the updated file content after restarting...

Thanks for the help, I never used MT4 on a computer before, I am trying to scan for the server but nothing comes up?
  • #2,948
  • Aug 23, 2020 7:48pm Aug 23, 2020 7:48pm
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  • #2,949
  • Aug 23, 2020 8:14pm Aug 23, 2020 8:14pm
Quoting akamrp
{quote} Thanks for the help, I never used MT4 on a computer before, I am trying to scan for the server but nothing comes up?
No other suggestion other than re-run the original install file - if still on the computer (usually downloaded to the download folder).
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #2,950
  • Aug 23, 2020 8:53pm Aug 23, 2020 8:53pm
I did nothing.

My mt4 is working.
Intraday only.
  • #2,951
  • Aug 23, 2020 9:35pm Aug 23, 2020 9:35pm
Quoting pipmaster77
{quote} When the FTMO day resets (6pm Eastern here in US), your MDL resets to 5K on a 100K account. If you carry -4990 into the day, you have a $10 buffer. That trade would need to be closed before 6PM, or it will count toward your next day MDL as it is still a floating loss. I learned the hard way, violated my first challenge. I was up $4K for the day (all open and floating), I closed my profitable trades of $11K and left the floating losses(7K) open. Was actually on vacation and forgot to close the floating losses. I immediately violated at 6...
Blistering barnacles.... You are right! (I forgot that I did read about it). Sorry to hear about that mishap, when you were actually up 4k and you had to learn the hard way, which is why I am researching this as much as possible.

IF... there was such a thing as 10% DD (even the way I outlined in my previous post), you would not have been disqualified. I guess the mystery remains as to what FTMO meant by that statement on their site.

Anyway, I am over it. It's crystal clear that the MDL limit is 5% (non-aggressive) and that statement on their site is just... unintentionally wrongly worded. They are referring to the Max overall loss as 10% drawdown buffer.

Realistically speaking, most of us would not let.... or even dream of letting a real personal 100k account go into even 2% DD (at least initially when building up), so as long as traders keep their risks reasonable and keep in mind the limit rules, they should be fine.
In other news: A ranger was trapped between a bull and a bear
  • #2,952
  • Aug 23, 2020 10:16pm Aug 23, 2020 10:16pm
Quoting pipmaster77
{quote} When the FTMO day resets (6pm Eastern here in US), your MDL resets to 5K on a 100K account. If you carry -4990 into the day, you have a $10 buffer. That trade would need to be closed before 6PM, or it will count toward your next day MDL as it is still a floating loss. I learned the hard way, violated my first challenge. I was up $4K for the day (all open and floating), I closed my profitable trades of $11K and left the floating losses(7K) open. Was actually on vacation and forgot to close the floating losses. I immediately violated at 6...
Great info.
Intraday only.
  • #2,953
  • Aug 24, 2020 12:11am Aug 24, 2020 12:11am
Quoting Koop
{quote} Will you be using a trade copier to replicate trades on the 2 other accounts?
I could copy trades across but might trade all manually at this stage.

All options are still on the table though.

Let's hope at least one makes it over the line.

Hahaha.

Masterrmind ........
Master your Mind then Master your Trades
  • #2,954
  • Aug 24, 2020 12:59am Aug 24, 2020 12:59am
I am drowning attention to FTMO Management. I wanted to join FTMO but I found trader but I recently found https://traderseed.io/. They are offering 66% discount on FTMO funded program. Is it real or not. here is his Youtube
Inserted Video
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Please let me know I will join FTMO Challenge as soon as possible. Thanks
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MA provides the market's current direction and strength.
  • #2,955
  • Aug 24, 2020 1:09am Aug 24, 2020 1:09am
Quoting hasib
I am drowning attention to FTMO Management. I wanted to join FTMO but I found trader but I recently found https://traderseed.io/. They are offering 66% discount on FTMO funded program. Is it real or not. here is his Youtube https://youtu.be/YtX_elwh7CA. Please let me know I will join FTMO Challenge as soon as possible. Thanks {image}
You should ask them directly on their website for a quicker response, but its a good post here, too. If you read his website, he is just funding the challenge fee at a discount for people that don't have the full amount. In exchange, the 70% that FTMO would pay out, that 70% is split 80/20 between him and the person he funded. If it was a direct relationship with FTMO, FTMO would just pay him and them separately/directly. He probably broke the rules and isn't a trader with them anymore.

Reality is if you don't even have 100$ to pay FTMO directly for the challenge, you probably aren't a real trader and won't pass. Which means he's just found a way to piggy back on FTMO to collect money from failed challenges.
The best strategy is a profitable one.
  • #2,956
  • Aug 24, 2020 1:12am Aug 24, 2020 1:12am
Quoting AnRan
{quote} You should ask them directly on their website. If you read his website, he is just funding the challenge fee for people that don't have it. In exchange, the 70% that FTMO would pay them, that 70% is split 80/20. If it was a direct relationship with FTMO, FTMO would just pay them separately. He probably broke the rules and isn't a trader with them anymore. Reality is if you don't even have 100$ to pay FTMO directly for the challenge, you probably aren't a real trader and won't pass. Which means he's just found a way to piggy back on FTMO...
Thanks for your replay. I have understood it now.
MA provides the market's current direction and strength.
  • #2,957
  • Aug 24, 2020 1:33am Aug 24, 2020 1:33am
Quoting hasib
I am drowning attention to FTMO Management. I wanted to join FTMO but I found trader but I recently found https://traderseed.io/. They are offering 66% discount on FTMO funded program. Is it real or not. here is his Youtube https://youtu.be/YtX_elwh7CA. Please let me know I will join FTMO Challenge as soon as possible. Thanks {image}
The job with these guy is that he offers seed acounts for wich you pay 66$ and he ofers you 10 K account so if you pass the evaluation with profits you have to buy more 50 to 100 K account you never cant make money with him FTMO is more relaible...
  • #2,958
  • Aug 24, 2020 3:31am Aug 24, 2020 3:31am
Quoting hasib
I am drowning attention to FTMO Management. I wanted to join FTMO but I found trader but I recently found https://traderseed.io/. They are offering 66% discount on FTMO funded program. Is it real or not. here is his Youtube https://youtu.be/YtX_elwh7CA. Please let me know I will join FTMO Challenge as soon as possible. Thanks {image}
Look parasite business. Its awesome how people find ways for get advantage of good ideas had others without invest any time or money
Try don't lose pants never...
  • #2,959
  • Aug 24, 2020 4:31am Aug 24, 2020 4:31am
50 k demo account

Day : 1

max daily loss : 67 $

Max loss : 67 $

PROFIT TARGET : 354 $
Intraday only.
  • #2,960
  • Aug 24, 2020 4:48am Aug 24, 2020 4:48am
Quoting hasib
I am drowning attention to FTMO Management. I wanted to join FTMO but I found trader but I recently found https://traderseed.io/. They are offering 66% discount on FTMO funded program. Is it real or not. here is his Youtube https://youtu.be/YtX_elwh7CA. Please let me know I will join FTMO Challenge as soon as possible. Thanks {image}
Personally I wouldn't even bother.

Just save up and pay the fee yourself.

Keep a watch out for hidden agendas and the potential added risk involved.

Due diligence required.

Good trading,

Masterrmind ........
Master your Mind then Master your Trades
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