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FTMO - For serious traders

  • #3,601
  • Sep 18, 2020 9:11am Sep 18, 2020 9:11am
Quoting navk
hey guys, Those who passed or learnt can advise me. I completed 5 days. Losses under limits. I did 1.83 % until now. I have 17 more trading days to go. is the target achievable with this going ? Is this good going? Do i need to review this performance for the next week ?

How bad is your draw down? You gotta fit into the parameters whilst maxing the gain its a bit complicated and a lot of pressure.
  • #3,602
  • Sep 18, 2020 9:18am Sep 18, 2020 9:18am
Quoting Takisd
{quote} How bad is your draw down? You gotta fit into the parameters whilst maxing the gain its a bit complicated and a lot of pressure.
I took 100k challenge, max daily drawdown went upto 2700 $.

Total loss is 1659 $.

The 2.7k was on wedneday, when I stupidly holdingonto loss trade in EJ.

Then i decided to cut down the loss.

Otherwise my max daily floating loss is below 1000 $ in the rest of 4 days.
Intraday only.
  • #3,603
  • Sep 18, 2020 9:26am Sep 18, 2020 9:26am
Quoting navk
{quote} I took 100k challenge, max daily drawdown went upto 2700 $. Total loss is 1659 $. The 2.7k was on wedneday, when I stupidly holdingonto loss trade in EJ. Then i decided to cut down the loss. Otherwise my max daily floating loss is below 1000 $ in the rest of 4 days.

You might need to increase your lot size because if you have a bad day its going to take a bit to catch up again but without knowing exactly how you are trading its hard to tell. I am using 2 lots for fx pairs, 10 for dow and 2 for gold.
  • #3,604
  • Sep 18, 2020 9:30am Sep 18, 2020 9:30am
Quoting Takisd
{quote} You might need to increase your lot size because if you have a bad day its going to take a bit to catch up again but without knowing exactly how you are trading its hard to tell. I am using 2 lots for fx pairs, 10 for dow and 2 for gold.
yeah true.

That 1 day loss is hurting me.

But then, the average profit is around 400 $ /day for this week.
I trade only FX, and lot size varies between 1.5 to sometimes 4.0.

If it is 4.0 lot, i do only scalp
Intraday only.
  • #3,605
  • Sep 18, 2020 9:34am Sep 18, 2020 9:34am
Quoting navk
{quote} yeah true. That 1 day loss is hurting me. But then, the average profit is around 400 $ /day for this week. I trade only FX, and lot size varies between 1.5 to sometimes 4.0. If it is 4.0 lot, i do only scalp

Hmm your lot size should be sufficient to reach the goal.
  • #3,606
  • Sep 18, 2020 9:58am Sep 18, 2020 9:58am
Hello guys, I don't want to use Skrill to receive FTMO profit withdrawals.

Has anyone here ever been paid for them via bank transfer?
Which bank do they use?
How long did it take for the payment to enter your account?
Has your bank charged any fees?

For me it would be great to be able to receive withdrawals payouts via TransferWise or Bitcoin.
  • #3,607
  • Sep 18, 2020 10:26am Sep 18, 2020 10:26am
Quoting TrendLover
Hello guys, I don't want to use Skrill to receive FTMO profit withdrawals. Has anyone here ever been paid for them via bank transfer? Which bank do they use? How long did it take for the payment to enter your account? Has your bank charged any fees? For me it would be great to be able to receive withdrawals payouts via TransferWise or Bitcoin.
I believe they wire with transferwise?
  • #3,608
  • Sep 18, 2020 10:35am Sep 18, 2020 10:35am
Quoting navk
hey guys, Those who passed or learnt can advise me. I completed 5 days. Losses under limits. I did 1.83 % until now. I have 17 more trading days to go. is the target achievable with this going ? Is this good going? Do i need to review this performance for the next week ?
In a perfect world, .5% per day for 20 days will get you 10%. You would be at 2.5% in 5 days. Since this is not a perfect world, some days will be better, some not. To figure what you need per day moving forward, you need 8.2% over 15 days now, so like .55% per day.
  • #3,609
  • Sep 18, 2020 10:40am Sep 18, 2020 10:40am
Quoting Takisd
{quote} I believe they wire with transferwise?

I emailed them and asked this question twice, but the guy spoke to me didn't want to answer. It is so simple to report, but he deviated from it. As if this were some company secret, lol, how ridiculous it was.
  • #3,610
  • Sep 18, 2020 10:55am Sep 18, 2020 10:55am
Quoting Takisd
{quote} I believe they wire with transferwise?
Well I'm in the US where skrill (along with every other broker, payment processor, etc) is banned, so there must be other options.
  • #3,611
  • Sep 18, 2020 11:14am Sep 18, 2020 11:14am
A stupid question, I ask you if any of you have been winning at FTMO for 6 months?
Please do not answer all of you at the same time
Be happy, friendly, humble and winner!!
  • #3,612
  • Sep 18, 2020 11:15am Sep 18, 2020 11:15am
Quoting pipmaster77
{quote} In a perfect world, .5% per day for 20 days will get you 10%. You would be at 2.5% in 5 days. Since this is not a perfect world, some days will be better, some not. To figure what you need per day moving forward, you need 8.2% over 15 days now, so like .55% per day.
this is first time challenge for me.

Some lessons learnt on Wednesday. Took loss on bad trades.

Whatever I made on Monday and tuesday, I gave up on wednesday and moreover the equity was less than 99k.

However, I with lots of courage and vigor, I made the capital to 100k the same day on wednesday. At the end of wednesday, I was flat.

This is huge lesson to me and did perfect trading today and yesterday. Now 1.92 % up.

I do not want to look back...

Remaining in 17 trading days. I need to make roughly 8k,

Around 500 bucks everyday.

Hope the days ahead would be good.
Intraday only.
  • #3,613
  • Sep 18, 2020 11:16am Sep 18, 2020 11:16am
Quoting pipmaster77
{quote} Well I'm in the US where skrill (along with every other broker, payment processor, etc) is banned, so there must be other options.
The options are Skrill and bank wire transfer, appears here.

However, the support guy who spoke to me declined to give details about the bank wire transfer option.

I explicitly asked twice which bank they use or if they use TransferWise. But he did not answer.

It is important to know, as a traditional international bank transfer can take several days, and depending on the country the bank may require the customer to present documents proving the origin of the money and to charge high fees.

If they use any UK bank or TransferWise, it would be fine with me.
  • #3,614
  • Sep 18, 2020 11:31am Sep 18, 2020 11:31am
Quoting Ak386
A stupid question, I ask you if any of you have been winning at FTMO for 6 months? Please do not answer all of you at the same time
There are several possible answers:
1. there are no winners
2. they no longer participate in the forum, they are winners
3. ????'
Be happy, friendly, humble and winner!!
  • #3,615
  • Sep 18, 2020 11:36am Sep 18, 2020 11:36am
It would be great to receive answers to these question, at least in the ballpark numbers...

1. Percentage of people passing FTMO Verification and becoming Funded Traders? (Is it still 8%?)

2. Percentage of Funded Traders violating rules during 1st Month and being disqualified.

3. Percentage of Funded Traders still trading after 3 months with FTMO or

4. Number of Funded Traders FTMO has on the books after 3 month of trading. (Ex, 50 Traders, 60, 100 traders)
  • #3,616
  • Sep 18, 2020 11:36am Sep 18, 2020 11:36am
Quoting TrendLover
{quote} If they use any UK bank or TransferWise, it would be fine with me.

On their insta story if you are quick you can see that they use transferwise.

...



Are they gonna address the whole Metrix issues again, and sort them out ? At first they said that this only happens to the trials whereas some people said that this happened also to funded accounts. This does not give me confidence.
  • #3,617
  • Sep 18, 2020 11:42am Sep 18, 2020 11:42am
Quoting Ak386
A stupid question, I ask you if any of you have been winning at FTMO for 6 months? Please do not answer all of you at the same time
I just got funded, so if you ask in 6 months I will tell you yes. I plan on knocking down 20K per month but that's just me.
  • #3,618
  • Sep 18, 2020 11:44am Sep 18, 2020 11:44am
Quoting navk
{quote} this is first time challenge for me. Some lessons learnt on Wednesday. Took loss on bad trades. Whatever I made on Monday and tuesday, I gave up on wednesday and moreover the equity was less than 99k. However, I with lots of courage and vigor, I made the capital to 100k the same day on wednesday. At the end of wednesday, I was flat. This is huge lesson to me and did perfect trading today and yesterday. Now 1.92 % up. I do not want to look back... Remaining in 17 trading days. I need to make roughly 8k, Around 500 bucks everyday. Hope the...
Don't stress hitting the goal asap. Stress quality trades. If you can find 4 good trades with 1:3 rr you hit the goal. And if you finish challenge in profit but not hitting goal and passed everything else you get a second chance free.
Just dont stress the days left for trading and dont stress the progress, coukd catch a killer trade and make 6-7% in one day and only have a few more % to go. Dont stress, relax, stay calm and focused on your trades, its the only thing that matters. When you add stress about days left or wanting to hit min days you tend to force trades or take ones you normally wouldn't take.
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #3,619
  • Sep 18, 2020 11:56am Sep 18, 2020 11:56am
just saw that if i had not traded gold this week i'd have finisehd second challenge...... so , good bye gold.
  • #3,620
  • Sep 18, 2020 12:01pm Sep 18, 2020 12:01pm
Quoting mastersplint
{quote} Don't stress hitting the goal asap. Stress quality trades. If you can find 4 good trades with 1:3 rr you hit the goal. And if you finish challenge in profit but not hitting goal and passed everything else you get a second chance free. Just dont stress the days left for trading and dont stress the progress, coukd catch a killer trade and make 6-7% in one day and only have a few more % to go. Dont stress, relax, stay calm and focused on your trades, its the only thing that matters. When you add stress about days left or wanting to hit min...
So well said. In verification I came within $600 of target on day 3, gave almost all back next day and then hit target 4 days later. If you have an overall winning strategy, you will pass EVENTUALLY. I simply needed to adjust position sizes to fit FTMO risk parameters.
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