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FTMO - For serious traders

  • #3,661
  • Sep 19, 2020 2:41pm Sep 19, 2020 2:41pm
so... if you hold positions over an announcement, I assume stop losses and take profits should be deleted, in case there is big movement? (Obviously, just for small enough positions that won't hurt you if they move in the wrong direction. )

And stop or limit orders should be deleted before the announcement...
  • #3,662
  • Sep 19, 2020 3:02pm Sep 19, 2020 3:02pm
Is the FTMO free trial worth it?
Trend following
  • #3,663
  • Sep 19, 2020 4:35pm Sep 19, 2020 4:35pm
Quoting doyathink
so... if you hold positions over an announcement, I assume stop losses and take profits should be deleted, in case there is big movement? (Obviously, just for small enough positions that won't hurt you if they move in the wrong direction. ) And stop or limit orders should be deleted before the announcement...
They just cannot be opened/closed - 2 minutes before or after.
  • #3,664
  • Sep 19, 2020 5:38pm Sep 19, 2020 5:38pm
Inserted Video
  • #3,665
  • Sep 19, 2020 5:50pm Sep 19, 2020 5:50pm
Quoting fx75
https://www.youtube.com/watch?v=klpP2kHNqLc
Saw it earlier, noticed that the instance he was complaining about was the same one i was the other day. Not worthy of a youtube video as its easily resolvable but he appears to be trying to get people away from fx and into options.

That being said, the feed problem was really shit, 100 tick price difference and two gaps on that evening. IT was corrected fairly quickly.
  • #3,666
  • Sep 19, 2020 6:04pm Sep 19, 2020 6:04pm
Interesting, but it makes no sense. He was a paid FTMO trader, so they have no reason to manipulate prices to cause him loses. FTMO clearly have terrible price provider and I hope they get that fixed ASAP. Before that, not worth the risks. Man ! hours without connection, repeatedly !??? I havent seen that in my 15 years of trading and with so many brokers. Price reaches seen at no other provider ??? Too much.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #3,667
  • Sep 19, 2020 6:27pm Sep 19, 2020 6:27pm
Quoting doyathink
so... if you hold positions over an announcement, I assume stop losses and take profits should be deleted, in case there is big movement? (Obviously, just for small enough positions that won't hurt you if they move in the wrong direction. ) And stop or limit orders should be deleted before the announcement...
Yes, you should delete them. If a stop or take profit is hit within that two minute window, it is considered trading during the news as a trade is executed when a sl or tp is hit. THIS WILL VIOLATE THAT RULE AND CLOSE YOUR ACCOUNT.
  • #3,668
  • Sep 19, 2020 7:17pm Sep 19, 2020 7:17pm
If I do not violate the rules, but fail to reach the profit target on time, will I have unlimited chances to try again and again without any additional payments, as long as the account is positive and still does not violate the rules?
  • #3,669
  • Sep 19, 2020 10:52pm Sep 19, 2020 10:52pm
Quoting TrendLover
If I do not violate the rules, but fail to reach the profit target on time, will I have unlimited chances to try again and again without any additional payments, as long as the account is positive and still does not violate the rules?
Yes for the challenge account.

This has been asked before.

Masterrmind .......
Master your Mind then Master your Trades
  • #3,670
  • Sep 19, 2020 11:19pm Sep 19, 2020 11:19pm
Quoting mastersplint
{quote} have you ever tried easyorder script? You drag and place sl and tp where you want (entry too if its a pending order) and you set your risk % you want then click enter and it auto does your lot size so then on smaller sl would be bigger lot or however you're approach is
Scripts are useful and can certainly be applied here but I have no problem organising the risk across 3 entries via cTrader in manual mode.

Although I'm trading 2 challenges at the same time it's still an easy process to manage a handful of entries especially on cTrader.

Masterrmind ........
Master your Mind then Master your Trades
  • #3,671
  • Sep 19, 2020 11:26pm Sep 19, 2020 11:26pm
Quoting Masterrmind
{quote} Yes for the challenge account. This has been asked before. Masterrmind .......
One second... We don't get retries on Verification?
It's never too late to make a bad trade!
  • #3,672
  • Sep 20, 2020 12:04am Sep 20, 2020 12:04am
Quoting paxilein
{quote} One second... We don't get retries on Verification?
Terms and conditions suggest retry is available on both challenge and verification..
  • #3,673
  • Sep 20, 2020 12:24am Sep 20, 2020 12:24am
Quoting paxilein
{quote} One second... We don't get retries on Verification?
You do, but you have to redo the whole challenge from the start.
Everything you want in life is on the other side of fear.
  • #3,674
  • Edited 2:02am Sep 20, 2020 1:12am | Edited 2:02am
Quoting pipmaster77
{quote} Yes, you should delete them. If a stop or take profit is hit within that two minute window, it is considered trading during the news as a trade is executed when a sl or tp is hit. THIS WILL VIOLATE THAT RULE AND CLOSE YOUR ACCOUNT.
closing account itself or deleting those trades which are executed during news?

If trading itself within plus or minus 2 minutes, is considered violation, then they will close the account.

I got reply from support team regarding news trading as below :

"Thank you for contacting us.
The news trading restriction is for funded FTMO accounts only. This does not apply to the Challenge and Verification. Which means you can trade during news event restriction.
If you have any more concerns, feel free to contact us again.
Best regards,
Intraday only.
  • #3,675
  • Sep 20, 2020 6:03am Sep 20, 2020 6:03am
Quoting Masterrmind
FTMO C3. 100K Challenge Account #3. http://www.myfxbook.com/members/MAST...tmo-c3/7032338 Masterrmind ........
you did very well to make 4 % + in 8 trading days.

Congrats.

So, you work on 0.5 % per day
Intraday only.
  • #3,676
  • Sep 20, 2020 6:10am Sep 20, 2020 6:10am
Quoting Masterrmind
FTMO C2. 100K Challenge Account #2. http://www.myfxbook.com/members/MAST...tmo-c2/7032100 Masterrmind ........
in this account, 1.5 % in 8 trading days.

There is scope for improvement I guess.

IMO, trading in 2 challenges at the same time, may be difficult.

It looks to me like this.
Intraday only.
  • #3,677
  • Sep 20, 2020 8:09am Sep 20, 2020 8:09am
Quoting navk
{quote} in this account, 1.5 % in 8 trading days. There is scope for improvement I guess. IMO, trading in 2 challenges at the same time, may be difficult. It looks to me like this.
Hello, do you know can we trade multiple accounts with the same strategy, entries at the same time, exits at the same time?
  • #3,678
  • Sep 20, 2020 10:08am Sep 20, 2020 10:08am
Quoting navk
{quote} closing account itself or deleting those trades which are executed during news? If trading itself within plus or minus 2 minutes, is considered violation, then they will close the account. I got reply from support team regarding news trading as below : "Thank you for contacting us. The news trading restriction is for funded FTMO accounts only. This does not apply to the Challenge and Verification. Which means you can trade during news event restriction. If you have any more concerns, feel free to contact us again. Best regards,
Yes, news restriction only applies to funded accounts. If a s/l or t/p is hit during the 2 min window on a restricted instrument, it is considered trading and I believe would violate the account just like any other rule violation. The 2 solutions are to delete the s/l or t/p or the safer route would be open a hedge (just be sure it's before 2 min and it remains open until after the 2 min)
  • #3,679
  • Sep 20, 2020 10:58am Sep 20, 2020 10:58am
Quoting fuadik88
{quote} Hello, do you know can we trade multiple accounts with the same strategy, entries at the same time, exits at the same time?
with same strategy, I guess it is possible. The result also would be same.

If you ask me, I would trade two different strategies for two different accounts.

This will help to eliminate risk .Depends on individuals though.
Intraday only.
  • #3,680
  • Sep 20, 2020 11:12am Sep 20, 2020 11:12am
Quoting fuadik88
{quote} Hello, do you know can we trade multiple accounts with the same strategy, entries at the same time, exits at the same time?
For exact same entires, it is only possible for unique person accounts(max three 100k accounts), But if you want to share trade setups with others it will violate the rules.
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