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FTMO - For serious traders

  • #3,441
  • Sep 12, 2020 7:08pm Sep 12, 2020 7:08pm
Quoting Zuke
{quote} Ive read that it’s only about 8% that get funded. I’m a funded trader with a 200k and a separate 100k account. You can go back through this thread and see my journey from challenge through verification and then getting funded. Since becoming funded, I returned 11.8% in month one of which I received 70% + plus my challenges fee. This is based on the $300k (I use a VPS trade copier). I’m on track to better than in month 2 and I’ll post that return when I get there. I think you’ll find it tough to get the other stats you are looking for. People...
Extremely well said.
  • #3,442
  • Sep 12, 2020 9:32pm Sep 12, 2020 9:32pm
If you have a 100k account and you start off with a Max DD of 10% (10k) and then you have a good month and make 10%. Now the account balance is 110k. After FTMO takes their cut, you will be left with 107K. At this point will your new Max DD be 10.7K or will it remain at 10K? Same if you increase you account balance to 200k from a starting balance of 100k. Will the new max DD be 20k instead of 10k? Does anyone know how this works with them? Or can link me. Tyvm!
  • #3,443
  • Sep 12, 2020 10:43pm Sep 12, 2020 10:43pm
Quoting bojack34
If you have a 100k account and you start off with a Max DD of 10% (10k) and then you have a good month and make 10%. Now the account balance is 110k. After FTMO takes their cut, you will be left with 107K. At this point will your new Max DD be 10.7K or will it remain at 10K? Same if you increase you account balance to 200k from a starting balance of 100k. Will the new max DD be 20k instead of 10k? Does anyone know how this works with them? Or can link me. Tyvm!
Correct.
10.7k if you let your profits run.
Re: 20k, yes.
  • #3,444
  • Sep 12, 2020 10:46pm Sep 12, 2020 10:46pm
Quoting bojack34
If you have a 100k account and you start off with a Max DD of 10% (10k) and then you have a good month and make 10%. Now the account balance is 110k. After FTMO takes their cut, you will be left with 107K. At this point will your new Max DD be 10.7K or will it remain at 10K? Same if you increase you account balance to 200k from a starting balance of 100k. Will the new max DD be 20k instead of 10k? Does anyone know how this works with them? Or can link me. Tyvm!
Depends if you leave your split of 7K in the account.

If yes then max loss will be $17000.
Max Daily Loss will be $5000.

If no then max loss will be $10000.
Max Daily Loss will be $5000.

It's important to realise that leaving buffer profit in the account only helps towards max loss and not Max Daily loss.

If account goes to 200K then:
Max loss will be set to $20000.
Max Daily Loss will be set to $10000.

Make sure you consider floating PnL.

Masterrmind .........
Master your Mind then Master your Trades
  • #3,445
  • Sep 12, 2020 11:24pm Sep 12, 2020 11:24pm
Quoting Masterrmind
{quote} Depends if you leave your split of 7K in the account. If yes then max loss will be $17000. Max Daily Loss will be $5000. If no then max loss will be $10000. Max Daily Loss will be $5000. It's important to realise that leaving buffer profit in the account only helps towards max loss and not Max Daily loss. If account goes to 200K then: Max loss will be set to $20000. Max Daily Loss will be set to $10000. Make sure you consider floating PnL. Masterrmind .........
so if you increase your 100k account to 200k, your daily max dd is still 5000k? So, instead of a 5% max daily dd, it becomes a 2.5% max daily dd? I hope at some point they increase that.
  • #3,446
  • Sep 13, 2020 12:42am Sep 13, 2020 12:42am
Quoting bojack34
{quote} so if you increase your 100k account to 200k, your daily max dd is still 5000k? So, instead of a 5% max daily dd, it becomes a 2.5% max daily dd? I hope at some point they increase that.
No.

It will be 5% of the new capital ie. 10K for a 200K account.

15K for a 300K account.

Masterrmind..........
Master your Mind then Master your Trades
  • #3,447
  • Sep 13, 2020 11:04am Sep 13, 2020 11:04am
Quoting Mtinifx
{quote} This is the only other viable option IMHO: https://www.forexfactory.com/thread/...rading-journey
Thanks
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #3,448
  • Sep 13, 2020 1:10pm Sep 13, 2020 1:10pm
hi, I have a questi0n regarding Funded trader in which the Trading peri0d is ''Indefinite'' and Maximum Loss allowed is 10%. I have a confusion as the Maximum Loss explained The equity of the trading account MUST NOT, at any moment during 30-days duration, decline below 90% of the initial capital ,

So now assuming trader has -9% loss of equity at 30th day , will he allowed to trade as a funded trader next month as 91% of equity is there and rule is not violated ?

If he is allowed then he would be trading with 91% equity, so now the new maximum loss allowed is still 10% of 91% or initial capital %?

Pls confirm what am I missing here

Regards
Skat
  • #3,449
  • Sep 13, 2020 1:21pm Sep 13, 2020 1:21pm
Quoting Skat
hi, I have a questi0n regarding Funded trader in which the Trading peri0d is ''Indefinite'' and Maximum Loss allowed is 10%. I have a confusion as the Maximum Loss explained The equity of the trading account MUST NOT, at any moment during 30-days duration, decline below 90% of the initial capital , So now assuming trader has -9% loss of equity at 30th day , will he allowed to trade as a funded trader next month as 91% of equity is there and rule is not violated ? If he is allowed then he would be trading with 91% equity, so now the new maximum loss...
From the initial capital at any given point of time.
on a postive roll...
  • #3,450
  • Sep 13, 2020 1:40pm Sep 13, 2020 1:40pm
Quoting Rmg
{quote} From the initial capital at any given point of time.
got your point.

at any point of time, if the max loss exceeds 10 %, it is violated.

But then, the rule does not have to state 30 days duration.
Intraday only.
  • #3,451
  • Sep 13, 2020 1:58pm Sep 13, 2020 1:58pm
Quoting navk
{quote} got your point. at any point of time, if the max loss exceeds 10 %, it is violated. But then, the rule does not have to state 30 days duration.
30 days duration for the testing period I believe. I hope a funded trader may say something about this I suppose.
on a postive roll...
  • #3,452
  • Sep 13, 2020 3:31pm Sep 13, 2020 3:31pm
Quoting Rmg
{quote} 30 days duration for the testing period I believe. I hope a funded trader may say something about this I suppose.
During testing, the rules are clear.
For funded trader, not clear as the period is indefinite..
I sent email to them to clarify
Intraday only.
  • #3,453
  • Sep 13, 2020 5:06pm Sep 13, 2020 5:06pm
Quoting mizi123
Awesome results from these girly https://www.youtube.com/watch?v=-UGPILJ3n48
I'll watch one or two of her videos when I'm bored. I think she is the greatest testimonial that FTMO is real. Because she got funded and really does get profit splits, shes finally been able to move out of her parents house and get her own crib &. Put that girl on MTV.
The best strategy is a profitable one.
  • #3,454
  • Sep 14, 2020 12:37am Sep 14, 2020 12:37am
Quoting AnRan
{quote} I'll watch one or two of her videos when I'm bored. I think she is the greatest testimonial that FTMO is real. Because she got funded and really does get profit splits, shes finally been able to move out of her parents house and get her own crib &. Put that girl on MTV.

She has not withdrawn. She opted for the first profit split not to be withdrawn.

I highly doubt I can find any youtubers with consistent withdrawals. The consistent ones are quiet.

If anyone knows any youtuber with 3 or 4 consistent withdrawals please let me know.

...

My Metrix finally updated after 6 days of not updating (on the free trial). Once they fix these issues as it appears on Funded Accounts as well (even though they say otherwise), I will give it a try.
  • #3,455
  • Sep 14, 2020 12:41am Sep 14, 2020 12:41am
Quoting AnRan
{quote} I'll watch one or two of her videos when I'm bored. I think she is the greatest testimonial that FTMO is real. Because she got funded and really does get profit splits, shes finally been able to move out of her parents house and get her own crib &. Put that girl on MTV.
I don't know if you say these ironiclly or you are real but she fucked-up all us "male tribe" here
  • #3,456
  • Sep 14, 2020 1:00am Sep 14, 2020 1:00am
Quoting Phenotype
{quote} She has not withdrawn. She opted for the first profit split not to be withdrawn. I highly doubt I can find any youtubers with consistent withdrawals. The consistent ones are quiet. If anyone knows any youtuber with 3 or 4 consistent withdrawals please let me know. ... My Metrix finally updated after 6 days of not updating (on the free trial). Once they fix these issues as it appears on Funded Accounts as well (even though they say otherwise), I will give it a try.
Her last video said she was moving out cause she was making money with FTMO. That is if I remember correctly. I usually just have it on one of my screens to hear it and watch it on and off.

I think most people don't last long enough for the 3 or 4 consistent withdrawals.
The best strategy is a profitable one.
  • #3,457
  • Edited 4:18am Sep 14, 2020 1:08am | Edited 4:18am
Quoting mizi123
{quote} I don't know if you say these ironiclly or you are real but she f****-up all us "male tribe" here
I honestly have zero idea what you are trying to say. I THINK you're saying cause shes female she made men look bad? If that is what you're trying to say I don't agree. Women, overall, make better traders. Studies show women are more likely to focus on reducing risk in their trading while men are more likely to take bigger risk in their trading.

A friend of mine couldn't trade properly until his wife started sitting next to him. Fixed that up real quick! Now he trades full time because they analyze pairs together. If anyone ever thought about building a "trading team", could be a good idea to include a female to balance out the psychology.
The best strategy is a profitable one.
  • #3,458
  • Sep 14, 2020 1:12am Sep 14, 2020 1:12am
Quoting AnRan
{quote} Her last video said she was moving out cause she was making money with FTMO. That is if I remember correctly. I usually just have it on one of my screens to hear it and watch it on and off. I think most people don't last long enough for the 3 or 4 consistent withdrawals.

I agree with emphasis on ''most''.
  • #3,459
  • Sep 14, 2020 1:24am Sep 14, 2020 1:24am
Quoting Phenotype
{quote} She has not withdrawn. She opted for the first profit split not to be withdrawn. I highly doubt I can find any youtubers with consistent withdrawals. The consistent ones are quiet. If anyone knows any youtuber with 3 or 4 consistent withdrawals please let me know. ... My Metrix finally updated after 6 days of not updating (on the free trial). Once they fix these issues as it appears on Funded Accounts as well (even though they say otherwise), I will give it a try.
just type myfxbook nikitin , you can found 3 or 4 times withdrawals from ftmo
  • #3,460
  • Sep 14, 2020 1:44am Sep 14, 2020 1:44am
Quoting navk
{quote} During testing, the rules are clear. For funded trader, not clear as the period is indefinite.. I sent email to them to clarify
I received reply from FTMO as under.

Thank you for contacting us.
Please note that your statement is just for the Challenge stage. On the funded account, the trader is not allowed to go below 90% of the initial capital at any moment, thank you for understanding.
Therefore you could continue trading with -9% if you respected all the other rules on the funded FTMO account, but you are not allowed to go below the same limit as before.
If you have any more concerns, feel free to contact us again.
Best regards,
Intraday only.
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