FTMO - For serious traders | Page 151 | 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

  • #3,001
  • Aug 25, 2020 7:06pm Aug 25, 2020 7:06pm
I don't think that keeping a strategy secret doesn't make a difference as nobody of us all has enough buying-power to influence the market anyways... So even if someone has a great strategy and maybe a hundred people start using it it won't move the market in any way or mess up the strategy itself so it stops working...
It's never too late to make a bad trade!
  • #3,002
  • Aug 25, 2020 7:37pm Aug 25, 2020 7:37pm
Quoting ia1979
{quote} No offence but what do you think might happen if your stops and targets were not hidden? You don't really think it has an impact on the outcome do you? On the flipside, it might make a better trader out of someone when they see an experienced trader's analysis. Something might click for them. Just a thought... Anyway, all the best. We're all rooting for everyone who takes the plunge.
Perhaps but I'm not here to promote any of my strategies.

Simply having a go and hopefully it shows another trader is able to make the grade.

I plan to hit 1M and show some of my progress.

Masterrmind .......
Master your Mind then Master your Trades
  • #3,003
  • Aug 25, 2020 7:46pm Aug 25, 2020 7:46pm
Maybe there's something in the contract that prevents traders from posting their status and profit after they finish everything?

Because nobody posted anything here after finishing the challenges
It's never too late to make a bad trade!
  • #3,004
  • Aug 25, 2020 7:52pm Aug 25, 2020 7:52pm
Quoting paxilein
Maybe there's something in the contract that prevents traders from posting their status and profit after they finish everything? Because nobody posted anything here after finishing the challenges
Swing4Fence might answer for you.

Masterrmind .......
Master your Mind then Master your Trades
  • #3,005
  • Aug 25, 2020 8:13pm Aug 25, 2020 8:13pm
Quoting Masterrmind
{quote} Swing4Fence might answer for you. Masterrmind .......
Nothing that I saw.
I grew up around multiple pro traders. I do know that most consistent traders are very kept to themselves. Which completely makes sense.
  • #3,006
  • Aug 25, 2020 8:18pm Aug 25, 2020 8:18pm
Quoting MoneyMeyka
Hi Swing4fence How do you handle not being able to hold your trades overnight as a funded ftmo trader, or do you only trade forex which seems to be the only market which doesn't close.
Coming to FTMO, I was a pure multi-day swing trader. I’ve adjusted strategy to be in/out prior to any market close. It sometimes cuts winners short, however I’ve found it creates good safety.
  • #3,007
  • Aug 25, 2020 8:44pm Aug 25, 2020 8:44pm
Quoting Swing4Fence
{quote} Coming to FTMO, I was a pure multi-day swing trader. I’ve adjusted strategy to be in/out prior to any market close. It sometimes cuts winners short, however I’ve found it creates good safety.
correct idea to close TRADES before 6pm EST
Intraday only.
  • #3,008
  • Aug 25, 2020 9:06pm Aug 25, 2020 9:06pm
Evening....going to sign up for a Challenge soon, I am curious what the current spread is running using Ctrader since FTMO lowered the commissions again.. ...say London AM...on EUR/USD and USD/JPY and DAX....
  • #3,009
  • Aug 25, 2020 9:19pm Aug 25, 2020 9:19pm
Quoting Wanderer56
Evening....going to sign up for a Challenge soon, I am curious what the current spread is running using Ctrader since FTMO lowered the commissions again.. ...say London AM...on EUR/USD and USD/JPY and DAX....
the spreads are fine, spreads weren't so much the issue. It was just some major spread spikes during rollover on cross pairs. If you're just trading EU, UJ and DAX, none of that affects you.
The best strategy is a profitable one.
  • #3,010
  • Aug 26, 2020 12:00am Aug 26, 2020 12:00am
Quoting Swing4Fence
{quote} Coming to FTMO, I was a pure multi-day swing trader. I’ve adjusted strategy to be in/out prior to any market close. It sometimes cuts winners short, however I’ve found it creates good safety.
That's my biggest problem of cutting winners short on Oil and DAX, but I guess once I become an FTMO trader I'll have to. Maybe I'll just keep those trades running on my personal account, another option is to focus only on forex with FTMO so I wont have to close my positions.
Everything you want in life is on the other side of fear.
  • #3,011
  • Edited 12:41am Aug 26, 2020 12:20am | Edited 12:41am
Quoting MoneyMeyka
{quote} .....Maybe I'll just keep those trades running on my personal account, another option is to focus only on forex with FTMO so I wont have to close my positions.
Exactly how I do it.
  • #3,012
  • Aug 26, 2020 12:47am Aug 26, 2020 12:47am
Quoting MoneyMeyka
{quote} That's my biggest problem of cutting winners short on Oil and DAX, but I guess once I become an FTMO trader I'll have to. Maybe I'll just keep those trades running on my personal account, another option is to focus only on forex with FTMO so I wont have to close my positions.
I use to only trade oil, gold, and DAX, haha. But I totally agree with your last sentence. My first challenge I failed because of the cfd's. I've kept away from them on my second challenge now, and if UCHF breaks 0.911 i'll have passed the second challenge with a total true DD of only about 1.25%. I just kept to trading them on my personal account only.
The best strategy is a profitable one.
  • #3,013
  • Aug 26, 2020 1:13am Aug 26, 2020 1:13am
Quoting Swing4Fence
{quote} Coming to FTMO, I was a pure multi-day swing trader. I’ve adjusted strategy to be in/out prior to any market close. It sometimes cuts winners short, however I’ve found it creates good safety.
I am a swing trader as well, mostly weekly fib pivots, of course price action rules. You don't have to cut winners, simply re-enter when market opens. The only thing you miss is weekend gap, which sometimes will give you a better price anyway. Only thing you ever miss is a favorable weekend gap, which is pretty rare anyway. You do not need to close daily, not even DOW or S&P as they only close for an hour, and rules state you must close instruments if they will be closed for 2+ hours. If my trade is profitable at FTMO daily reset I usually hold it right through, small losers as well. I only close the bigger losses so I get my full daily max loss back, which I never really get close to.
  • #3,014
  • Aug 26, 2020 1:35am Aug 26, 2020 1:35am
Quoting AnRan
{quote} I use to only trade oil, gold, and DAX, haha. But I totally agree with your last sentence. My first challenge I failed because of the cfd's. I've kept away from them on my second challenge now, and if UCHF breaks 0.911 i'll have passed the second challenge with a total true DD of only about 1.25%. I just kept to trading them on my personal account only.
Well done, seems you have great money management, the verification should be a breeze.
Everything you want in life is on the other side of fear.
  • #3,015
  • Aug 26, 2020 1:47am Aug 26, 2020 1:47am
Quoting pipmaster77
{quote} You do not need to close daily, not even DOW or S&P as they only close for an hour, and rules state you must close instruments if they will be closed for 2+ hours. If my trade is profitable at FTMO daily reset I usually hold it right through, small losers as well. I only close the bigger losses so I get my full daily max loss back, which I never really get close to.
That's what I thought as well until I read this on the FAQ's page.

However, on the FTMO Account that is funded, we require you to close your positions just before the markets close for the weekend. In other words, to be flat on Friday evening CE(S)T – Central European (Summer) Time. Our FTMO Traders must respect the market timings. For example, if you trade Indexes (S&P500, DOW, FTSE, DAX,…) on the FTMO Account, we require you to close your positions just before these particular markets close on a daily basis. However, if there is an overnight rollover of up to two hours on any instrument, it is permitted to keep your positions open; i.e. you don’t need to close your trades just because of this overnight rollover. Every asset class and its respective instruments might have different trading hours that have to be adhered to.
Everything you want in life is on the other side of fear.
  • #3,016
  • Aug 26, 2020 1:51am Aug 26, 2020 1:51am
I think they are referring to the HK50 is ok..to leave open as it closes once or twice for tea ...but must be closed at EOD
  • #3,017
  • Aug 26, 2020 4:02am Aug 26, 2020 4:02am
Quoting paxilein
I don't think that keeping a strategy secret doesn't make a difference as nobody of us all has enough buying-power to influence the market anyways... So even if someone has a great strategy and maybe a hundred people start using it it won't move the market in any way or mess up the strategy itself so it stops working...
Agreed. It was just an idea, but I also respect the wish of a trader if they want to keep an air of mystery and secrecy.
  • #3,018
  • Aug 26, 2020 4:57am Aug 26, 2020 4:57am
Quoting paxilein
I don't think that keeping a strategy secret doesn't make a difference as nobody of us all has enough buying-power to influence the market anyways... So even if someone has a great strategy and maybe a hundred people start using it it won't move the market in any way or mess up the strategy itself so it stops working...
Agree with this. It doesn't matter if they share their strategy or not, it will still depend how they manage their trades.

Quoting AnRan
{quote} I use to only trade oil, gold, and DAX, haha. But I totally agree with your last sentence. My first challenge I failed because of the cfd's. I've kept away from them on my second challenge now, and if UCHF breaks 0.911 i'll have passed the second challenge with a total true DD of only about 1.25%. I just kept to trading them on my personal account only.
Congratulations AnRan! How do you manage multiple accounts? Do you use a copy software? I find it hard opening trades for multiple challenges/verification; a) mismatched lot size b) gaps between entries and exits. Perhaps you have some suggestion?
adapt or be killed
  • #3,019
  • Aug 26, 2020 11:11am Aug 26, 2020 11:11am
Hi guys. Kinda new here. Are Ftmo serious people ? thx in advance.
  • #3,020
  • Aug 26, 2020 11:59am Aug 26, 2020 11:59am
Quoting sorin106
Hi guys. Kinda new here. Are Ftmo serious people ? thx in advance.
No no, we are all just fooling around here.
on a postive roll...
10 traders viewing now