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FTMO - For serious traders

  • #3,101
  • Aug 31, 2020 12:17pm Aug 31, 2020 12:17pm
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...
Thank you for reply especially Spreads on demo and challenge accounts. Some replies I got from support team at FTMO too.
Intraday only.
  • #3,102
  • Aug 31, 2020 12:20pm Aug 31, 2020 12:20pm
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 1 min delay..or some delay today in Demo server. Do not know about challenge trading server.
Intraday only.
  • #3,103
  • Aug 31, 2020 12:38pm Aug 31, 2020 12:38pm
Quoting Tomas-ftmo
{quote}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. {quote}Hello Valenpty, Executions on some...
thanks man!
  • #3,104
  • Edited 6:11pm Aug 31, 2020 1:13pm | Edited 6:11pm
Quoting Phylo
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...

[Tomas-ftmo]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.

the clarification is greatly appreciated.

So as of 31 Aug 2020

LMAX: Table 1 of Annex II – Professional Clients: source: https://www.lmax.com/documents/LMAXG...disclosure.pdf

  1. Goldman Sachs (CFD Commodities - 85%)
  2. LMAX Bullion (CFD Commodities - 15%, CFD Indices - 7%, CFD Crypto Currencies - 100%, Commodity, Derivatives and Emission Allowance Derivatives - 20%, Currency Derivatives - 19%)
  3. LMAX Limited (CFD Indices - 93%, Commodity, Derivatives and Emission Allowance Derivatives - 80%, Currency Derivatives - 81%)

Purple Trading: Table 2 - Professional Clients: source: https://www.purple-trading.com/getme...22/RTS28_2.pdf

  1. IS Prime Limited (CFD - 92.5%)
  2. Lmax Limited (CFD - 7.5%)
  3. European Investment Centre, o.c.p., a. s (ETF - 100%) comment: N/A to FTMO
  4. EXT Ltd (Transferable Securities. i.e. Shares - 100%) comment: N/A to FTMO

The above serves as reference of all possible arrows in the quiver.*

* the distinctive definitions of brokers and liquidity providers has been covered - the object here is assessment of all liquidity 'sources' which will include both liquidity providers and brokers inclusive of their liquidity providers..

However, as only certainty is knowledge, some questions ...

Question 1: any more arrows not listed?

Possible answers:

  1. No
  2. Yes - but its confidential
  3. Yes - here is the relevant info

Question 2:

Quoting TraderOtakar
We will be adding another company to provide liquidity. It has nothing to do with LMAX.
Which company and when ?

Thank you kindly.
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #3,105
  • Aug 31, 2020 1:57pm Aug 31, 2020 1:57pm
Quoting msiamd
{quote} Yes I noticed the same. Delay in price for more then a minute on FTMO server compared with another Live broker
That's like having a time machine or a crystal ball and seeing the future before it happens... With this you can easily pass the challenge as you know how the price will look in 30 seconds.
It's never too late to make a bad trade!
  • #3,106
  • Aug 31, 2020 2:09pm Aug 31, 2020 2:09pm
Quoting paxilein
{quote} That's like having a time machine or a crystal ball and seeing the future before it happens... With this you can easily pass the challenge as you know how the price will look in 30 seconds.

yep thats true

But if you use a tradecopier from a live feed, then the magic dissapear.
  • #3,107
  • Aug 31, 2020 2:30pm Aug 31, 2020 2:30pm
Quoting msiamd
{quote} yep thats true But if you use a tradecopier from a live feed, then the magic dissapear.
Well, I just checked and didn't find any significant difference between Tradingview and MT4 on Trial Lmax...
It's never too late to make a bad trade!
  • #3,108
  • Aug 31, 2020 2:40pm Aug 31, 2020 2:40pm
Quoting paxilein
{quote} Well, I just checked and didn't find any significant difference between Tradingview and MT4 on Trial Lmax...
If you compare the charts you won’t see a significant difference, but in the afternoon when price activity was high price for gbpcad was already 20 pips higher in a live feed compared to ftmo server.
Price on ftmo server followed the same route as my live broker, but with a delay of > 1 min.
So when you compare charts at this moment you won’t see a significant difference.

But this is just my trial account....
  • #3,109
  • Aug 31, 2020 3:06pm Aug 31, 2020 3:06pm
is anyone here using Purple? how are the spreads at rollover?
  • #3,110
  • Aug 31, 2020 3:08pm Aug 31, 2020 3:08pm
Quoting doyathink
is anyone here using Purple? how are the spreads at rollover?
especially in comparison with FTMO-Server...
though maybe it's too soon to say with FTMO-Server...
it seems to be in flux as it starts up.

Also, any other differences between the two?

Thx.
  • #3,111
  • Aug 31, 2020 4:52pm Aug 31, 2020 4:52pm
Quoting msiamd
{quote} If you compare the charts you won’t see a significant difference, but in the afternoon when price activity was high price for gbpcad was already 20 pips higher in a live feed compared to ftmo server. Price on ftmo server followed the same route as my live broker, but with a delay of > 1 min. So when you compare charts at this moment you won’t see a significant difference. But this is just my trial account....
Afternoon of what timezone?
It's never too late to make a bad trade!
  • #3,112
  • Aug 31, 2020 10:31pm Aug 31, 2020 10:31pm
damn...
thanks, though...
the spreads on indices and metals are okay on FTMO at rollover... they maybe double or triple, but nothing like the forex pairs...
maybe it's smart to focus on those. Not the ones that have the longer than 2 hour breaks, though...
  • #3,113
  • Sep 1, 2020 4:17am Sep 1, 2020 4:17am
Hey guys, I am about to finish my challenge I have passed the other objectives except for the profit target, do I have to contact FTMO about the free re try or would they just give it to me with the new credentials?
  • #3,114
  • Sep 1, 2020 7:13am Sep 1, 2020 7:13am
Quoting akamrp
Hey guys, I am about to finish my challenge I have passed the other objectives except for the profit target, do I have to contact FTMO about the free re try or would they just give it to me with the new credentials?
Good for you.
just contact their support
  • #3,115
  • Sep 1, 2020 7:47am Sep 1, 2020 7:47am
Quoting msiamd
{quote} Good for you. just contact their support
Once the account has been analyzed they will email you with the invite to redo - this will also show in your back office next to the account itself.

Takes anywhere up to 24 hours.

cheers
maahome
  • #3,116
  • Sep 1, 2020 12:20pm Sep 1, 2020 12:20pm
Passed my 2nd free trial today fairly easily.

I'll still try to reach 10% profit instead of the minimum 5% required for the free trial to make it as close to the real challenge as possible.

I'll take one more free trial after this one as I want to be 100% certain I can trade within their parameters before starting the real challenge.
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Truth is like poetry. And most people f*cking hate poetry.
  • #3,117
  • Sep 1, 2020 12:26pm Sep 1, 2020 12:26pm
Quoting mrdfx
Passed my 2nd free trial today fairly easily. I'll still try to reach 10% profit instead of the minimum 5% required for the free trial to make it as close to the real challenge as possible. I'll take one more free trial after this one as I want to be 100% certain I can trade within their parameters before starting the real challenge. {image} {image}

Nice.

I am about 3 trades away from passing the challenge requirements apart from the days (its only 2nd day). Market has been generous but their trading feed feels clunky so im still getting used to it.
  • #3,118
  • Sep 1, 2020 12:36pm Sep 1, 2020 12:36pm
Just logged in to the new server (trial account), feed looks pretty strange to me THIS IS UNTRADEABLE !!
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Edit: lower timeframes seem to not have those issues.
  • #3,119
  • Sep 1, 2020 12:37pm Sep 1, 2020 12:37pm
Quoting Takisd
{quote} Nice. I am about 3 trades away from passing the challenge requirements apart from the days (its only 2nd day). Market has been generous but their trading feed feels clunky so im still getting used to it.
The client area metrix didn't update for nearly 24 hours and when I tried to contact live chat, and after an hour I gave up as no one was on live chat evidently. It looks like the metrix was not connected or offline and only updated a cpl hours ago.

It appears they still having support issues or backlog or whatever they saying which for a new client is not very good. I really hope they sort out their customer support as the only 2 times I've ever contacted them I've had problems.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,120
  • Sep 1, 2020 12:43pm Sep 1, 2020 12:43pm
same charts from another broker

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