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FTMO - For serious traders

  • #3,621
  • Sep 18, 2020 12:10pm Sep 18, 2020 12:10pm
There's no secret here. Almost all trading strategies are in the web. Some profitable strategies are also in this forum. Each and every single trade is unique for all of us. It all comes down to how much you trust your strategy and how willing the trader is to adapt to market conditions. Sounds contradicting but it is what it is.
adapt or be killed
  • #3,622
  • Sep 18, 2020 12:45pm Sep 18, 2020 12:45pm
Quoting pipmaster77
{quote} 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.
That's a good system you got there!!! 9.4% by day 3, losing it all and hitting target by 4 days is impressive.
  • #3,623
  • Sep 18, 2020 12:51pm Sep 18, 2020 12:51pm
Why does FTMO have to use Transferwise? Just open a Transferwise Account yourself and use that info to receive the money. Then it does not matter if they send from Europe and you are in the US or anywhere else...
It's never too late to make a bad trade!
  • #3,624
  • Sep 18, 2020 12:57pm Sep 18, 2020 12:57pm
Quoting IveGotQuads
{quote} That's a good system you got there!!! 9.4% by day 3, losing it all and hitting target by 4 days is impressive.
For the challenge and verification, it's so tempting to finish quickly, so the day where I gave most back was really just over trading. Having confidence in your system is key as I knew I still had 7 weeks if needed, but things worked out over the next 4 days. What people not familiar with trading do not understand is YOU WILL LOSE. Everything comes down to risk management. If your strategy is net positive and you can control risk, you are golden.
  • #3,625
  • Sep 18, 2020 1:03pm Sep 18, 2020 1:03pm
Does anybody know how many chances you get to repeat the same challenge if you do not violate the objectives but don't reach the profit target?
  • #3,626
  • Sep 18, 2020 1:04pm Sep 18, 2020 1:04pm
Quoting pipmaster77
{quote}For the challenge and verification, it's so tempting to finish quickly, so the day where I gave most back was really just over trading. Having confidence in your system is key as I knew I still had 7 weeks if needed, but things worked out over the next 4 days. What people not familiar with trading do not understand is YOU WILL LOSE. Everything comes down to risk management. If your strategy is net positive and you can control risk, you are golden.
You are right, I am taking it very slow. 1 trade at Breakeven and the other for almost 2 to 1 RR. Hopefully I make it to the target within the allotted time, I was apprehensive about the challenge because my system is a very slow but steady system. Time will tell
Attached Image(s) (click to enlarge)
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  • #3,627
  • Sep 18, 2020 1:05pm Sep 18, 2020 1:05pm
Quoting Dene
Does anybody know how many chances you get to repeat the same challenge if you do not violate the objectives but don't reach the profit target?
you get 1 more chance and that's it.
  • #3,628
  • Sep 18, 2020 1:06pm Sep 18, 2020 1:06pm
Thank you
  • #3,629
  • Sep 18, 2020 1:26pm Sep 18, 2020 1:26pm
Quoting IveGotQuads
{quote} That's a good system you got there!!! 9.4% by day 3, losing it all and hitting target by 4 days is impressive.
Didn't catch that 9.4% the first time. It was verification, so target is only 5%, so I was at 4.4%, not 9.4%.
  • #3,630
  • Sep 18, 2020 1:26pm Sep 18, 2020 1:26pm
Quoting Dene
Does anybody know how many chances you get to repeat the same challenge if you do not violate the objectives but don't reach the profit target?
You get an unlimited number of tries as long as you don't break any of the objectives and are able to end with a positive profit balance.
Everything you want in life is on the other side of fear.
  • #3,631
  • Sep 18, 2020 1:28pm Sep 18, 2020 1:28pm
Quoting IveGotQuads
{quote} you get 1 more chance and that's it.
I understood it to be unlimited as long as you end each one in profit with no other rules violated.
  • #3,632
  • Sep 18, 2020 1:32pm Sep 18, 2020 1:32pm
Quoting MoneyMeyka
{quote} You get an unlimited number of tries as long as you don't break any of the objectives and are able to end with a positive profit balance.
Wait are you serious, that is crazy. I was under the impression you get one chance. If that is the case then I think the $600+ paid is worth it. Thanks for the correction
  • #3,633
  • Sep 18, 2020 1:36pm Sep 18, 2020 1:36pm
Quoting IveGotQuads
{quote} Wait are you serious, that is crazy. I was under the impression you get one chance. If that is the case then I think the $600+ paid is worth it. Thanks for the correction
Very much worth it. If they could just fix the major technical issues I see people complaining about (yet to notice them on the trial), they would continue to rank far above the competition
  • #3,634
  • Sep 18, 2020 1:37pm Sep 18, 2020 1:37pm
Quoting IveGotQuads
{quote} Wait are you serious, that is crazy. I was under the impression you get one chance. If that is the case then I think the $600+ paid is worth it. Thanks for the correction
Yep, that's why people must learn to take it easy. Most traders are treating this like a sprint which is causing most of them to fail.
Everything you want in life is on the other side of fear.
  • #3,635
  • Sep 18, 2020 1:59pm Sep 18, 2020 1:59pm
Quoting IveGotQuads
{quote} Wait are you serious, that is crazy. I was under the impression you get one chance. If that is the case then I think the $600+ paid is worth it. Thanks for the correction
Plus you get it refunded back with your first profit split. If you can get the 300K and then the 25% scaling every 4 months, you're trading a 600K account within 16 months. It's life changing income.
  • #3,636
  • Sep 18, 2020 2:05pm Sep 18, 2020 2:05pm
what are your guys strategies? are you technical traders, fundamental, indicator, news trader?
where did you guys learn, how long you been at this?
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #3,637
  • Sep 18, 2020 2:10pm Sep 18, 2020 2:10pm
Quoting Koop
{quote} Very much worth it. If they could just fix the major technical issues I see people complaining about (yet to notice them on the trial), they would continue to rank far above the competition

Can someone using ctrader or mt5 please tell us if these problems are happening for them too ? thanks!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #3,638
  • Sep 18, 2020 2:38pm Sep 18, 2020 2:38pm
Quoting IveGotQuads
{quote} You are right, I am taking it very slow. 1 trade at Breakeven and the other for almost 2 to 1 RR. Hopefully I make it to the target within the allotted time, I was apprehensive about the challenge because my system is a very slow but steady system. Time will tell {image} {image}
You're crushing it. You can crawl to the finish.
  • #3,639
  • Sep 18, 2020 2:43pm Sep 18, 2020 2:43pm
Quoting mtako
{quote} Can someone using ctrader or mt5 please tell us if these problems are happening for them too ? thanks!

Oddly, I have fewer disconnects on mt5 (these usually last half a second and then reconnect). When prices froze, it was on both MT4 and MT5, gold was still moving but all forex was stuck and created a gap in their charts.
  • #3,640
  • Sep 18, 2020 3:01pm Sep 18, 2020 3:01pm
Whos using Ctrader ? Any problems ? Cheers all !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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