FTMO - For serious traders | Page 155 | 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

  • #3,081
  • Edited 4:03am Aug 31, 2020 3:50am | Edited 4:03am
50k demo account.

Day 6

Today's permitted loss 3 442.00 USD
Max permitted loss 6 427.25 USD
Today's profit 942.00 USD
Last Updated 31 Aug 2020 11:02:36
Intraday only.
  • #3,082
  • Aug 31, 2020 4:00am Aug 31, 2020 4:00am
Quoting braintheboss
And now TE not works with new server
What is "TE"?
Thx.
  • #3,083
  • Aug 31, 2020 4:06am Aug 31, 2020 4:06am
Quoting dexi
{quote} What is "TE"? Thx.
Forex Factory Trader Explorer
Try don't lose pants never...
  • #3,084
  • Aug 31, 2020 4:16am Aug 31, 2020 4:16am
can anyone clarify? demo and challenge trades spread same are different ?

The commission is of course the same
Intraday only.
  • #3,085
  • Aug 31, 2020 4:40am Aug 31, 2020 4:40am
Quoting navk
50k demo account. Day 6 Today's permitted loss 3 442.00 USD Max permitted loss 6 427.25 USD Today's profit 942.00 USD Last Updated 31 Aug 2020 11:02:36
Why do you keep posting Demo account stuff?
  • #3,086
  • Aug 31, 2020 4:56am Aug 31, 2020 4:56am
Quoting bojack34
{quote} Why do you keep posting Demo account stuff?
this is practice for my challenge.

Anyways, do you have idea spread is same for demo and challenge ?
Intraday only.
  • #3,087
  • Aug 31, 2020 7:31am Aug 31, 2020 7:31am
index and commod spreads are definitely significantly marked up. So now i have to adjust because I was using raw + commission else where and 3 ticks is significant enough for me to have to recalculate the drawdown params.
  • #3,088
  • Aug 31, 2020 7:39am Aug 31, 2020 7:39am
Quoting Takisd
index and commod spreads are definitely significantly marked up. So now i have to adjust because I was using raw + commission else where and 3 ticks is significant enough for me to have to recalculate the drawdown params.
i trade only currencies...GBPUSD.

what is the spread in chellenge?

In demo I see 0.3 pips + 3 $ commision.
Intraday only.
  • #3,089
  • Aug 31, 2020 7:45am Aug 31, 2020 7:45am
Quoting navk
{quote} i trade only currencies...GBPUSD. what is the spread in chellenge? In demo I see 0.3 pips + 3 $ commision.
fx is fine the spreads are just lmax spreads so 0.3-0.5 eurusd + 3$ rt com. Off market hours are unstable as hell though. Asian session traders may struggle a bit with it.

Oil spreads are horrible even during normal market and the data is inconsistent. A lot of dead ticks and supper low liquidity. Price has been about 2 ticks off market + 3 tick spread all day when the market is at .5-1 tick spread. I could arb the bejeezus out of it with the dead ticks but i won't because i know it will cause problems for me.
  • #3,090
  • Aug 31, 2020 8:00am Aug 31, 2020 8:00am
Quoting Takisd
{quote} fx is fine the spreads are just lmax spreads so 0.3-0.5 eurusd + 3$ rt com. Off market hours are unstable as hell though. Asian session traders may struggle a bit with it. Oil spreads are horrible even during normal market and the data is inconsistent. A lot of dead ticks and supper low liquidity. Price has been about 2 ticks off market + 3 tick spread all day when the market is at .5-1 tick spread. I could arb the bejeezus out of it with the dead ticks but i won't because i know it will cause problems for me.
thank you for info
Intraday only.
  • #3,091
  • Aug 31, 2020 8:03am Aug 31, 2020 8:03am
Quoting navk
50k demo account. Day 6 Today's permitted loss 3 442.00 USD Max permitted loss 6 427.25 USD Today's profit 942.00 USD Last Updated 31 Aug 2020 11:02:36
Well done. I passed the trial in 7 days but I am not ready for the real challenge now.
Attached Image (click to enlarge)
Click to Enlarge Name: Trial.jpg Size: 72 KB
  • #3,092
  • Aug 31, 2020 8:08am Aug 31, 2020 8:08am
Quoting navk
{quote} this is practice for my challenge. Anyways, do you have idea spread is same for demo and challenge ?
THE MT4 SERVER WAS CHANGED TO FTMO-SERVER
Look's like thay have turn off comisions spreds are the same!
During this weekend, we managed to proceed with a previously announced change of the server. If you are unable to connect to your MT4 trading account, it is probably a consequence of this server migration. To successfully log in to your trading account, kindly search for the new server or download the new version of the MT4 trading platform on this link.

The original FFTraderSRO-Demo server is no longer active, and all existing accounts were migrated to the new FTMO-Server.

Why a new server?
We try to provide traders with the best possible trading conditions. We use several liquidity providers with DMA (Direct Market Access) execution model. The commission on FTMO accounts is only 3 USD/round-trip/lot on Forex, which is well below the market average.
Indices and Commodities used to have the commission as $3.5 USD/lot, Cryptocurrencies were $14/lot and XAUUSDm was $0.5/lot.
Thanks to the current changes, commissions on Commodities, Precious Metals, Cryptocurrencies and Indices will be 0 USD/lot/round-trip on all of our available trading platforms (MT4/MT5/cTrader). Newly, therefore, the only cost on these assets are the institutional spreads as we get them directly from our liquidity providers.
Be informed that the new server time now corresponds with the Central European (Summer) Time – CE(S)T time zone, which is the same one as your Account MetriX figures.
We hope you like these changes, just as we do. You can already look forward to more new improvements and great updates that we prepare for you.
If you have any questions, do not hesitate to contact us at [email protected]
  • #3,093
  • Aug 31, 2020 8:09am Aug 31, 2020 8:09am
Quoting stirmatt
{quote} Well done. I passed the trial in 7 days but I am not ready for the real challenge now. {image}
i think, I too have passed the demo test today. The stats not yet updated.

I passed in 6 days.
Intraday only.
  • #3,094
  • Aug 31, 2020 8:15am Aug 31, 2020 8:15am
Quoting Takisd
{quote} Oil spreads are horrible even during normal market and the data is inconsistent. A lot of dead ticks and supper low liquidity. Price has been about 2 ticks off market + 3 tick spread all day when the market is at .5-1 tick spread. I could arb the bejeezus out of it with the dead ticks but i won't because i know it will cause problems for me.
Have to agree with you on this one.
Everything you want in life is on the other side of fear.
  • #3,095
  • Aug 31, 2020 8:20am Aug 31, 2020 8:20am
you guys should email support about the problems especially the stop loss issue or even use the live chat option.
  • #3,096
  • Aug 31, 2020 9:28am Aug 31, 2020 9:28am
I have an EA running on the demo account and I am getting invalid parameter errors on nearly every trade that closes - this does not happen anywhere else with other brokers - could be a serious issue going forward. The trades do not have sl or tp and are just closed by the EA so not sure where the invalid parameter comes from.
cheers all

maahome
  • #3,097
  • Aug 31, 2020 9:34am Aug 31, 2020 9:34am
Hi traders,
Sorry for our long absence. I took some time off the screens hiking the mountains last week and Otakar was too busy with all the changes to get through all the posts here.
I see we have some new traders around here. I would like to point out that our reply times to most queries got back to a few hours on average, so if you have any question at all, feel free to contact us at [email protected] or on our Live Chat
You were discussing several points here in regard to our rules. All answers can be found on our website, but I will quickly sum up the ones that were mentioned a few times:
Difference of FTMO Accounts from Challenges and Verifications:
---> On FTMO Account, there is no Profit Target. The rest of Trading Objectives stay the same as in Challenge and Verification.
---> On FTMO Account, a trader has to close positions prior to any market closure longer than 2 hours.
---> On FTMO Account, a trader is not allowed to execute any trade during the 2 minutes prior to and 2 minutes past certain high impact news. These are highlighted with blue background fill in our Economic Calendar (https://ftmo.com/en/calendar/) You can also enter the calendar from your client area.
---> For purposes of FTMO, CE(S)T is the relevant time and the counter for new day resets at midnight of CE(S)T. In your client area, there is a Timezone Converter, which will display your time difference and even the countdown to the Max Daily Loss reset


Now to answer your specific posts:
Quoting Phylo
{quote} {quote} Thank you for clarifications. The distinction between LMAX as liquidity provider and Purple Trader as broker, as above quote, is taken for granted as well known and established - if not, should not babypips.com be the venue of attention ? However, it is understood that opportunity to reinforce definition and distinction is always beneficial. Where confusion arose is this - Our FTMO platform will soon switch to using multiple liquidity providers, Previously the FTMO platform was associated as FTMO-LMAX (liquidity provider). hence...
Hello Phylo, In regard to improving liquidity, Otakar already described it in his previous post, but it seems you might have misunderstood him. You wrote that the FTMO clients will have to choose from one of three separate liquidity sources. This is not correct as it will be us choosing the best liquidity source for each instrument available on our platform. This means that our clients will be using one (FTMO) platform but for example, there might be a different LP for EURUSD, a different one for DAX and SPX and yet another one for XAUUSD.
Quoting Phylo
{quote} To FTMO: - The Broker Review portal has been removed --- this does not require technical spelling out, so in brevity currently, there appears to be no FTMO-on-site means of comparing instrument costs. currently, how do potential clients assess and compare instrument costs between LMAX and Purple Trading ? downloading an independent Purple Trading Demo does not appear ideal as it is not known what, if any, costs agreements exist between FTMO and Purple Trading. an additional TBA liquidity source adds additional comparisons. it is postulated...
Free Trial accounts are available on both FTMO Platform and Purple Trading, so if you want to properly compare conditions of both options, you can do so on Free Trials. As we have vas amount of Free Trial accounts which cause significant load to our infrastructure, we do not allow more than 1 Free Trial at a time, but if you really want to compare the accounts side by side, you could register another user account with FTMO and that way, you could have both FTMO and Purple Trading at the same time.


Quoting maflip
{quote} Thanks for the explanation. Seems spread on CADJPY improved after your message. Now spread there is at average .8. However, spreads on other pairs is still not very good. Please find a better liquidity provider. Take a look at spreads of ICMarkets and Pepperstone, they are great. Take a look at this example why spread is important. This chart is from Admiral Market but spread is similar to FTMO Platform. This one got stopped out due to spread. On my live ICMarkets and Pepperstone account this one shouldn't have been stopped out yet. Once...
Hi Maflip, As said already, the price and spread on the instruments with .lmx and .lmax are directly from LMAX and we are not adding any markups or influencing these in any way. As Otakar said, we already secured additional LPs in order to provide the best possible conditions we can offer.
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.
Hi Tradista, You are right. Almost all of our long term FTMO Traders wish to stay strictly in privacy same as your acquaintance.
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.
Hi Muhammedfx, I’m sorry to disappoint you, but we are not planning to change the Trading Objectives that we have. What makes it fair is that the maximum loss is equal to the required profit target. If you meet all the trading objectives (and your account is positive) except the profit target you will receive a new Challenge for free. It’s called a Challenge after all – it is not meant to be easy.
Quoting Quickly
{quote} 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...
Hi Quickly, May I know how long did you wait till you got your response? As far as I know, our response times got back to normal, meaning you should get your reply to any general query anywhere between few minutes to several hours ( with longer times during the weekends and Mondays). The minimum age requirement differs based on the residence of the client. For the USA, it is 18 years of age.
We have just recently added cTrader as trading platform option for our FTMO Platform. Free Trials on cTrader are not available.

Quoting slappymove
{quote} Good plan! That means even tho you have 300k active funded account, you can have like 5 x 100k account (passed challenge and verification) waiting? So when your existing 300k account go bust, you can simply request for your 3 x 100k pending passed accounts to be activated? Is my understanding correct?
Hi Slappymove, Your understanding is correct. You can have basically unlimited number of passed Verifications on hold to be activated in case you lost one or more active FTMO Accounts. As mentioned here, this might be quite useful in the even of Black Swan or some mistake like wrong lot calculation etc that would cause a breach of our rules.
Quoting slappymove
{quote} 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!
We do not disable or ban the use of any software, so you can use cMirror and CopyTrade without any issues from our side.
Quoting navk
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 ?
Hi Navk, You can use any card to pay the fee for the Challenge – i.e. you can pay for your mate’s Challenge. For the profit payment, the account we pay the profit to needs to be your own.
Quoting fuadik88
{quote} Does last paragraph mean, as long as we're successfully achieving goals, we're able to pick new challenges every time for free? (up to limit, of course).
Hi Fuadik88, It means that as long as you meet all the trading objectives but Profit Target and at the same time end your Challenge/Verification in at least 1 cent of profit, we will give you new Challenge for free.

Quoting digiff
After extensive reading of FTMO site and relevant FF posts, just when I thought I had MDL (Max Daily Loss) (...) 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%?
Hi Digiff, Firstly, note you can always shoot us an email at [b][color=black][email protected][/b] with any question in order to get a first-hand answer in a timely manner. I think your confusion arises from a too narrow definition of the drawdown. Our 10% drawdown is meant as overall account drawdown, not current floating loss. You can see a definition of drawdown which we have in mind for example here: https://www.investopedia.com/terms/d/drawdown.asp[/color]
Simply put, within each day our system compares your real-time account equity to your account balance recorded on the midnight of CE(S)T. If the real-time equity drops more than 5% of the initial capital under the account balance recorded at midnight, violation of the MDL occurs. Note that both closed positions of the day and current floating P/L are taken into consideration. You can read more and watch video explanation here: https://ftmo.com/en/welcome/#maximum-daily-loss

As there were quite a few posts coming back to this topic, the following two examples should clear this up even further:
Example 1: Assuming $100k account with normal risk setup ($5k MDL) - your account balance at midnight was $98k, equity at midnight was $98.8k (floating profit of $800 at midnight) You would violate MDL if your equity during the same day decreased under $93k
Example 2: Assuming $100k account with normal risk setup ($5k MDL) - your account balance at midnight was $98k, equity at midnight was $97.2k (floating loss of $800 at midnight) You would violate MDL if your equity during the same day decreased under $93k

Quoting lakhan
{quote} Thanks I've understood that. However looking at your myfxbook you have 6 active accounts running. Surely you're only allowed 3 active live accounts and the other 3 inactive. Am I missing something? L
Hi Lakhan, The directive limit for active FTMO accounts is combined capital of $300k prior to scaling. The limit of active FTMO Accounts is thus 30 (in case of 30x $10k FTMO Accounts or equivalent in other currencies). One can easily have 6 active FTMO Accounts if these are of lower combined capital than $300k.

Quoting Swing4Fence
{quote} From my understanding, it applies to all accounts in any currency. However, this may be a great question for Ftmo.
Hi Swing4Fence, The change to 0 commissions on indices, commodities and cryptos applies to all accounts on FTMO Platform no matter what base currency the account has.

Quoting hasib
{quote} 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
Hi Hasib, I confirm that we have a long-term partnership with Kieran and Traderseed.io is a legitimate website. We partnered up with Kieran quite a while ago when FTMO was much less known than these days.

Quoting Takisd
I have worked in many brokerages for the last 15 years at a high level. I can tell you that FTMO execute trades, whether they are all of the trades or not i dont know. Next, it would take like 2 strongly profitable guys to completely wipe out all their "fees" not to mention the fact the fee is refunded anyway if you pass. Its possible the original capital on margin at LP is from the fees of the losers, but i doubt they are solely relying on losing traders fees to survive, that would be the dumbest model in history and most people who are taking...
Hi Takisd, We have secured enough funding to cover our predicted growth. In case of faster than predicted growth, we are confident we could secure more funding for our operations. In a very unlikely scenario of capital shortage, we would stop accepting new traders. We cannot disappoint any of our traders, who trusted us.

Quoting RSuper
can you trade crypto over the weekend?...like not hold a position but open a trade on Saturday with FTMO
Hi RSuper, Yes, trading of cryptos is available. For more specifics, please open the specifications of the symbol you wish to trade. You can find the exact trading hours there.
Trading over the weekend was disabled to allow for the account migration to our new server as per our announcement here: https://ftmo.com/en/the-mt4-server-w...o-ftmo-server/

Quoting valenpty
Has any of u guys have this issue after changing to the new server from ftmo? Seems like form 4h to weekly and even monthly tf some bars are repeating themselves, this is not normal... {image}
Hi Valenpty, We have encountered several minor issues occurring on some accounts which are connected to the migration to the new server. We are working hard to make sure everything will be fixed as soon as possible and are already working on the issue with the repetitive bars on 4h and higher timeframes. We are sorry for the inconvenience caused by this and in the meanwhile would recommend the use of other charting platforms like Tradingview for the high timeframes. Thank you for your understanding.

Quoting valenpty
Hey Guys, I was testing and checking how the spreads were today and they seem pretty god imo, Had some sells at GJ and EJ today and everything worked fine, but! be careful!, I had like 3 other positions afterwards during ASia session, and I was using a tight stop, price went to it passed beyond and never stopped me out! So I closed them manually, I Just did another test right now with min 0.01 and it went beyond my SL again without taking me out, so I had to close the trade manually in loss once again. SO if you are those that Like to leave limits...
Hello Valenpty, Executions on some accounts have not been working correctly in the first several hours of 31st August. All of the execution issues have been already resolved. If your trading was impacted by execution issue, please report it to us (ideally with your platform logs and affected trades IDs) and we will work with you to provide possible solutions/compensations for you.
Quoting navk
{quote} this is practice for my challenge. Anyways, do you have idea spread is same for demo and challenge ?
Hi Navk, The trading conditions (spreads) are the same for Free Trials, Challenges, Verifications and FTMO Accounts as well.



That’s it for this time. Remember - if you have an urgent question, feel free to send us an email at [email protected] or reach out through our live chat. Note that in case we miss you on the chat, we will still read your message and reply to you via email.
Thanks to everyone answering the questions of the newcomers to this thread and for the support many of you showed.
Happy trading everyone!
Tomas
  • #3,098
  • Aug 31, 2020 10:02am Aug 31, 2020 10:02am
Quoting Tomas-ftmo
Hi traders, Sorry for our long absence. I took some time off the screens hiking the mountains last week and Otakar was too busy with all the changes to get through all the posts here. I see we have some new traders around here. I would like to point out that our reply times to most queries got back to a few hours on average, so if you have any question at all, feel free to contact us at [email protected] or on our Live Chat You were discussing several points here in regard to our rules. All answers can be found on our website, but I will quickly...

Hi Tomas,

Your feed has an almost 1 minute delay on it when market is moving relatively fast and your oil spreads are pretty bad. If you want better spreads I can help with that if you have a bridge I can refer you to someone who has better pricing.

The 1 minute delay, I don't know what that is about. All I know is if the market moves fast the price doesnt move on your feed then catches up after around 30 seconds till about 1 min 45 seconds depending on the move.
  • #3,099
  • Aug 31, 2020 10:44am Aug 31, 2020 10:44am
Quoting Takisd
{quote} Hi Tomas, Your feed has an almost 1 minute delay on it when market is moving relatively fast and your oil spreads are pretty bad. If you want better spreads I can help with that if you have a bridge I can refer you to someone who has better pricing. The 1 minute delay, I don't know what that is about. All I know is if the market moves fast the price doesnt move on your feed then catches up after around 30 seconds till about 1 min 45 seconds depending on the move.
Yes I noticed the same.

Delay in price for more then a minute on FTMO server compared with another Live broker
  • #3,100
  • Aug 31, 2020 11:06am Aug 31, 2020 11:06am
Why bother with Lmax when you have good conditions on Purple.
Anything above the line is an uptrend, below the line is a downtrend.
9 traders viewing now