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FTMO - For serious traders

  • #3,381
  • Sep 9, 2020 2:53pm Sep 9, 2020 2:53pm
Half the time with FTMO its not getting trigger happy.

Sitting at 1.6% on account number 2 after 3 trading days which means 4 as well cos I never trade fridays (US session is too short and I don't hold weekends).

These prop firm challenges are fun because you are trying to fit inside a tight box and there is a reward at the end of it, almost like a video game.

You can have 3 active (300k) and 6 total passed accounts right? So 3 active 3 reserve?
  • #3,382
  • Sep 9, 2020 3:30pm Sep 9, 2020 3:30pm
Quoting Phenotype
{quote} Yes that's what I am saying to Nikos. My Metrix still is not updating I contacted again FTMO via live chat 3 hours ago. And they said they are gonna sort it. I contacted them yesterday as well. Will post once it is fixed. Do lots of people have problems with the Metrix ? Please share. Cheers.
it is unpredictably hours behind on a regular basis, in my experience...
  • #3,383
  • Sep 9, 2020 7:03pm Sep 9, 2020 7:03pm
Quoting tradista
In Portugal, which I think is similar to Italy, we can have an income as an employee of a company (day job) while also having a complementary income as an independent contractor, it is simply a matter of registering your independent activity at the tax office and make the necessary adjustment in your tax filling at the end of the year. Only condition is, we need to make sure there is no conflict of interests and/or breach of contract (competing activity, business information, customer base, etc) and of confidenciality for our own advantage.
Are you from Portugal?
  • #3,384
  • Sep 9, 2020 8:29pm Sep 9, 2020 8:29pm
Hello Friends
Facing small issue in my trail account my profit target is not updating past from 3 days in account matrix, do any members facing same issue. Pls update
Regards
  • #3,385
  • Sep 9, 2020 9:00pm Sep 9, 2020 9:00pm
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Truth is like poetry. And most people f*cking hate poetry.
  • #3,386
  • Sep 9, 2020 10:03pm Sep 9, 2020 10:03pm
Quoting Takisd
Half the time with FTMO its not getting trigger happy. Sitting at 1.6% on account number 2 after 3 trading days which means 4 as well cos I never trade fridays (US session is too short and I don't hold weekends). These prop firm challenges are fun because you are trying to fit inside a tight box and there is a reward at the end of it, almost like a video game. You can have 3 active (300k) and 6 total passed accounts right? So 3 active 3 reserve?
Yup, that is correct and that is what most of us here are trying to do.

You can actually have as much pending passed accounts as you like, the only restriction is the max 300k funded account. so you can have 300k funded account and 10 100k accounts waiting just in case your 300k fund violates any rules. Then you can simply enable 3 out of the 10 accounts waiting to get another 300k account.

But of course, we NEED to aim to stay as long as we can and get that quarterly 10% 2/4 profitable months target to qualify for the growth program where they increase your funded account by 25% of the base fund. ie. 300k -> 375k -> 450k -> 525k -> etc...
adapt or be killed
  • #3,387
  • Sep 9, 2020 10:09pm Sep 9, 2020 10:09pm
Quoting Citi1
Hello Friends Facing small issue in my trail account my profit target is not updating past from 3 days in account matrix, do any members facing same issue. Pls update Regards
Use the mentor app from the downloads website https://trader.ftmo.com/downloads.
adapt or be killed
  • #3,388
  • Sep 9, 2020 10:35pm Sep 9, 2020 10:35pm
Quoting slappymove
{quote} Yup, that is correct and that is what most of us here are trying to do. You can actually have as much pending passed accounts as you like, the only restriction is the max 300k funded account. so you can have 300k funded account and 10 100k accounts waiting just in case your 300k fund violates any rules. Then you can simply enable 3 out of the 10 accounts waiting to get another 300k account. But of course, we NEED to aim to stay as long as we can and get that quarterly 10% 2/4 profitable months target to qualify for the growth program...
If I'm not mistaken, it's 300k USD max allocation to any trader. You can't scale past 300k either. If you wanted more capital at that point, you'd need to have another prop firm and and use some copy software over to it.

And the "accounts in reserve" is pretty funny. I would just use a separate prop firm that is receiving the copied trades from ftmo, but they have less restrictions. For example, they don't have any news trading restrictions. That way if something did go wrong, can just use that other account. Still have income while you redo the new challenges. I say this cause I don't intend to lose a funded account, so not going to pay for extra challenges with useless accounts sitting there. I know a much better way to spend 1900$.
The best strategy is a profitable one.
  • #3,389
  • Sep 9, 2020 10:46pm Sep 9, 2020 10:46pm
Quoting AnRan
{quote} If I'm not mistaken, it's 300k USD max allocation to any trader. You can't scale past 300k either. If you wanted more capital at that point, you'd need to have another prop firm and and use some copy software over to it. And the "accounts in reserve" is pretty funny. I would just use a separate prop firm that is receiving the copied trades from ftmo, but they have less restrictions. For example, they don't have any news trading restrictions. That way if something did go wrong, can just use that other account. Still have income while you...
300k can be increased by the scaling plan. https://ftmo.com/en/scaling-plan/. Also received this email from their support team. Not unless of course there are changes that we are not aware of.
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adapt or be killed
  • #3,390
  • Sep 9, 2020 10:55pm Sep 9, 2020 10:55pm
Quoting slappymove
{quote} Yup, that is correct and that is what most of us here are trying to do. You can actually have as much pending passed accounts as you like, the only restriction is the max 300k funded account. so you can have 300k funded account and 10 100k accounts waiting just in case your 300k fund violates any rules. Then you can simply enable 3 out of the 10 accounts waiting to get another 300k account. But of course, we NEED to aim to stay as long as we can and get that quarterly 10% 2/4 profitable months target to qualify for the growth program...

Can make more than a good living with 300k capital and stay within the params. I am trade copying from my account which i live off already but 300k is plenty for anyone. I might do 5 challenges to have 2 backups. Don't like trading demo though it annoys me not to be earning.
  • #3,391
  • Sep 9, 2020 10:59pm Sep 9, 2020 10:59pm
Quoting slappymove
{quote} 300k can be increased by the scaling plan. https://ftmo.com/en/scaling-plan/. Also received this email from their support team. Not unless of course there are changes that we are not aware of. {image}
Thats actually really good to know. Because they wrote "max allocation" on their website, and in an interview Okatar said they would need to change the agreement with their investor if they were to allow a trader to have more than 300k USD in capital. Neither of these two have said "by challenges". But your email clearly does. The strategy thing is funny, cause I can have my wife just get 300k as well, but if the trades matched each other, that would be too obvious.
The best strategy is a profitable one.
  • #3,392
  • Sep 9, 2020 11:17pm Sep 9, 2020 11:17pm
Like AnRan, I don't see what people need the backup accounts for.

Won't that just demotivate you from doing your best with your funded accounts?

Doesn't anyone believe in the concept of "self-fulfilling prophecy?"
Amor Fati--F. Nietzsche
  • #3,393
  • Sep 10, 2020 1:08am Sep 10, 2020 1:08am
Lol The5ers, I see you lurking. Don't be shy, come on in and say hello
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  • #3,394
  • Sep 10, 2020 1:52am Sep 10, 2020 1:52am
Quoting willfant
{quote} Are you from Portugal?
Sim
  • #3,395
  • Sep 10, 2020 1:57am Sep 10, 2020 1:57am
Quoting AnRan
{quote} If I'm not mistaken, it's 300k USD max allocation to any trader. You can't scale past 300k either. If you wanted more capital at that point, you'd need to have another prop firm and and use some copy software..... I would just use a separate prop firm that is receiving the copied trades from ftmo, but they have less restrictions. For example, they don't have any news trading restrictions. That way if something did go wrong, can just use that other account. Still have income while you redo the new challenges. I say this cause I don't...
Which other prop firm offers such?
I've been searching.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #3,396
  • Sep 10, 2020 2:41am Sep 10, 2020 2:41am
Quoting doji
Like AnRan, I don't see what people need the backup accounts for. Won't that just demotivate you from doing your best with your funded accounts? Doesn't anyone believe in the concept of "self-fulfilling prophecy?"
When you are on a good run, better to have some back up accounts so you don't have to go through hassles of challenges. simply bcz
Losses and mistakes are inevitable in this game.
Nothing to do with self confidence or balls of steel
on a postive roll...
  • #3,397
  • Sep 10, 2020 3:15am Sep 10, 2020 3:15am
Guys

Are we back on lmax?

Please can someone confirm if his account is on lmax
  • #3,398
  • Sep 10, 2020 3:55am Sep 10, 2020 3:55am
Quoting Phronesis24
Guys Are we back on lmax? Please can someone confirm if his account is on lmax
I have an FTMO free trial account and it is currently still running on the new server.
Regards Chris
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  • #3,399
  • Sep 10, 2020 4:30am Sep 10, 2020 4:30am
Quoting Rmg
{quote} When you are on a good run, better to have some back up accounts so you don't have to go through hassles of challenges. simply bcz Losses and mistakes are inevitable in this game. Nothing to do with self confidence or balls of steel
At the end of the day it's your money & nobody can tell you what to do with it, but I'm with AnRan on this one. I'd rather have my money working for me then just have it sitting there waiting for me to mess up.
Everything you want in life is on the other side of fear.
  • #3,400
  • Sep 10, 2020 5:55am Sep 10, 2020 5:55am
Quoting mizi123
https://www.youtube.com/watch?v=xc-uo2RWIV0
Guys check the interview. What's said on the website and on the interview differs a little. It's a fluid situation because of Covid or whatever. Time stamp 34:30. They maybe hesitant of going over the 300k mark and instead allow a greater margin of loss. Anyway 300k is still a large amount of capital for a retail trader.
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