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FTMO - For serious traders

  • #3,701
  • Sep 21, 2020 11:09am Sep 21, 2020 11:09am
Quoting pipmaster77
Can any funded trader shed some light on the time frame from passing verification and signing contract to be up and running on the funded account. I passed Wednesday, they sent contract and I completed on Thursday. They say like 2-3 business days, is that accurate?
My login credentials for the funded account came no more than 2 days afterwards, so you expect to receive them by close of play tomorrow latest I would expect
  • #3,702
  • Sep 21, 2020 11:33am Sep 21, 2020 11:33am
Quoting Zuke
{quote} My login credentials for the funded account came no more than 2 days afterwards, so you expect to receive them by close of play tomorrow latest I would expect
Thank You
  • #3,703
  • Sep 21, 2020 1:44pm Sep 21, 2020 1:44pm
Can I confirm that red news events on the calendar are not themselves inherently restricted, instead they have to be also highlighted blue and labelled as a restricted event? For example Powell and Lagarde events today were red events but still no restrictions right?
  • #3,704
  • Sep 21, 2020 2:05pm Sep 21, 2020 2:05pm
Quoting simon91
Can I confirm that red news events on the calendar are not themselves inherently restricted, instead they have to be also highlighted blue and labelled as a restricted event? For example Powell and Lagarde events today were red events but still no restrictions right?
Yes, they must be labeled as such. The restricted events are included in the contract and may also be viewed under calendar on FTMO site.
  • #3,705
  • Sep 21, 2020 2:34pm Sep 21, 2020 2:34pm
When you get funded account you recive extra e-mail in wich is higlited what to take care and what to avoid etc....
  • #3,706
  • Sep 21, 2020 2:39pm Sep 21, 2020 2:39pm
Thanks for the clarification guys and I'll be sure to keep an eye out for any emails once (or if ) I get funded.
  • #3,707
  • Sep 21, 2020 4:27pm Sep 21, 2020 4:27pm
Quoting pipmaster77
Can any funded trader shed some light on the time frame from passing verification and signing contract to be up and running on the funded account. I passed Wednesday, they sent contract and I completed on Thursday. They say like 2-3 business days, is that accurate?
yes
offering my system to copy trade. check my link
  • #3,708
  • Sep 21, 2020 7:42pm Sep 21, 2020 7:42pm
Quoting simon91
Can I confirm that red news events on the calendar are not themselves inherently restricted, instead they have to be also highlighted blue and labelled as a restricted event? For example Powell and Lagarde events today were red events but still no restrictions right?
It means you cannot enter a trade 2m before or 2m after release (roughly 5m window) but you can place a pending order 3m before news and its fine.
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #3,709
  • Sep 21, 2020 7:59pm Sep 21, 2020 7:59pm
Quoting mastersplint
{quote} It means you cannot enter a trade 2m before or 2m after release (roughly 5m window) but you can place a pending order 3m before news and its fine.
Not if the pending order triggers during the 4 minute window.
  • #3,710
  • Sep 21, 2020 9:04pm Sep 21, 2020 9:04pm
Quoting pipmaster77
{quote} Not if the pending order triggers during the 4 minute window.
Nah bro, I have 2 accounts with them. Never had any flags for breaking rules
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #3,711
  • Sep 22, 2020 1:48am Sep 22, 2020 1:48am
Quoting jagzuk
Challenge #1 completed. I will post a new TE when I have the Verification account. {image}
Good Job and congrats!!
I was down yesterday, didn't trade my system and gambled. Added to losing position, didn't wait for setup. Sometimes seeing all the quick finishes messes with your head to speed up. The psychology is tough no matter how easy it looks. Closed platform and will restart today.
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  • #3,712
  • Sep 22, 2020 2:42am Sep 22, 2020 2:42am
Hello FTMO and their dealers,

When I look at the DE30, I see the hour candle on the FTMO platform (MT4)
is offset by half an hour.
Does anyone have this bug too?
You can't do a reasonable analysis like that.
My Sierrachart platform shows the FDAX future front month exactly.
By the way, where I do my analysis. Also because of the volume data and the market profile (TPO)
So I only have the DOM visible from MT4 and the charts hidden.
Because it's very confusing. Haven't seen anything like it either.
I have been trading futures for 8 years.

tt.
  • #3,713
  • Sep 22, 2020 5:45am Sep 22, 2020 5:45am
Quoting mastersplint
{quote} Nah bro, I have 2 accounts with them. Never had any flags for breaking rules
Wow, that's interesting. Makes absolutely no sense though as they clearly state in the rules it is not allowed. Specifically, it would allow someone to "straddle the news", buy stop one way, sell stop the other. Their explanation is the fact that we are on demo, prices would be honored that would not be honored in the real market. There is an entire section on their website "trading like the real market". I'd be careful, perhaps they just haven't caught it.
  • #3,714
  • Sep 22, 2020 6:39am Sep 22, 2020 6:39am
Quoting slappymove
So close, yet so far. work stress, getting that last 0.8%, and the "superman" effect caused me 4% of drawdown today. Now, I'm at 0% again. Set-up is within the plan, however, the risk management is off and took a lot of risk than necessary. Good thing FTMO has the 5% daily drawdown rule, it made me stop trading today and come to my senses. It's ironic that I last posted about trading psychology and I failed at my psychology today. It still amuses me that...
Yes it's a difficult one to master.

You got within a whisker.

Masterrmind ........
Master your Mind then Master your Trades
  • #3,715
  • Sep 22, 2020 6:45am Sep 22, 2020 6:45am
Quoting jagzuk
Challenge #1 completed. I will post a new TE when I have the Verification account. {image}
Yes same here passed Challenge #1 just waiting for the Verification account then I will post the result.

Masterrmind .......
Master your Mind then Master your Trades
  • #3,716
  • Sep 22, 2020 6:54am Sep 22, 2020 6:54am
Quoting IveGotQuads
{quote} Good Job and congrats!! I was down yesterday, didn't trade my system and gambled. Added to losing position, didn't wait for setup. Sometimes seeing all the quick finishes messes with your head to speed up. The psychology is tough no matter how easy it looks. Closed platform and will restart today. {image}
You best close your eyes when I post my result then, not that it was super quick but the equity curve may drive you crazy.

Good trading,

Masterrmind .......
Master your Mind then Master your Trades
  • #3,717
  • Sep 22, 2020 7:59am Sep 22, 2020 7:59am
Quoting pipmaster77
{quote} Wow, that's interesting. Makes absolutely no sense though as they clearly state in the rules it is not allowed. Specifically, it would allow someone to "straddle the news", buy stop one way, sell stop the other. Their explanation is the fact that we are on demo, prices would be honored that would not be honored in the real market. There is an entire section on their website "trading like the real market". I'd be careful, perhaps they just haven't caught it.
I was concerned when I got the first funded account as i like to trade high impact at time with a pending order, contacted them and had them confirm it can be placed just not click within the 4m wi dow on specific pair as spreads can be messy
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #3,718
  • Sep 22, 2020 8:18am Sep 22, 2020 8:18am
Quoting mastersplint
{quote} I was concerned when I got the first funded account as i like to trade high impact at time with a pending order, contacted them and had them confirm it can be placed just not click within the 4m wi dow on specific pair as spreads can be messy
Well that's good to know. Just to confirm, are you trading other instruments not directly impacted by a particular news event, for example USD during non farm payrolls. I understand you can trade news all you want as long as it doesn't involve the impacted currency. Thanks for the info.
  • #3,719
  • Sep 22, 2020 9:07am Sep 22, 2020 9:07am
Quoting mastersplint
{quote} I was concerned when I got the first funded account as i like to trade high impact at time with a pending order, contacted them and had them confirm it can be placed just not click within the 4m wi dow on specific pair as spreads can be messy
I think the rules also mean that if a pending order is triggered within the 4m window you're breaking the rules. Did you have any PO ever triggered ?
  • #3,720
  • Sep 22, 2020 9:24am Sep 22, 2020 9:24am
Quoting tradista
{quote} I think the rules also mean that if a pending order is triggered within the 4m window you're breaking the rules. Did you have any PO ever triggered ?
Yes, I agree here. Even a s/l or t/p hit during that window (regardless of when trade was opened) is a violation. No way they are letting pending orders trigger. I know I won't be trading during the news. Worked too hard to get funded.
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