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FTMO - For serious traders

  • #3,741
  • Sep 23, 2020 10:06am Sep 23, 2020 10:06am
Quoting BGJohnstone
To all the aspirant FTMO Traders out there who worry about payouts, I want to send a big shoutout to their whole team. The support has always been great but more important, I succeeded in being verified a month back on after the 30 days had not shot lights out but was in the black. I was paid out my "challenge fee" within 2 days and have also received the payout now. I have attached the certificate for what its worth but obviously that's not proof to all the doubting Thomas's out there but for those who are really not convinced PM me. To FTMO, many...
Congrats man!
  • #3,742
  • Sep 23, 2020 10:16am Sep 23, 2020 10:16am
Quoting slappymove
...I almost passed the verification stage and just short of 0.8%. I should've passed days ago but I keep on locking profits too early. On 23rd, I failed the verification stage and failed my psychology because I increased my risk to 1% and been exposed to multiple pairs of the same currency as I want to "chase" that funded account...
I'm sad that you had such a rollercoaster experience, but that happens to a lot of people every day in the market, as you know. Hope you won't be offended, but from the outside it sems like you don't have a well tested and solid trading plan, that's why you're not confident in following it to the teeth! If you still need tweaking then it's not yet solid, so you don't trust it yet. I think that's where the issue lies, not in your ability to trade profitably.
Regardless, I can say by my own experience that each step that you take towards improving yourself and take setbacks like this as a cost of learning you're one step closer to your goals, so don't be discouraged and hang in there, it's not over until you either quit or make it happen!
  • #3,743
  • Sep 23, 2020 11:08am Sep 23, 2020 11:08am
Quoting tradista
{quote} I'm sad that you had such a rollercoaster experience, but that happens to a lot of people every day in the market, as you know. Hope you won't be offended, but from the outside it sems like you don't have a well tested and solid trading plan, that's why you're not confident in following it to the teeth! If you still need tweaking then it's not yet solid, so you don't trust it yet. I think that's where the issue lies, not in your ability to trade profitably. Regardless, I can say by my own experience that each step that you take towards improving...
good post.
Intraday only.
  • #3,744
  • Sep 23, 2020 11:13am Sep 23, 2020 11:13am
Quoting BGJohnstone
To all the aspirant FTMO Traders out there who worry about payouts, I want to send a big shoutout to their whole team. The support has always been great but more important, I succeeded in being verified a month back on after the 30 days had not shot lights out but was in the black. I was paid out my "challenge fee" within 2 days and have also received the payout now. I have attached the certificate for what its worth but obviously that's not proof to all the doubting Thomas's out there but for those who are really not convinced PM me. To FTMO, many...
Congratulations!!

Quoting tradista
{quote} I'm sad that you had such a rollercoaster experience, but that happens to a lot of people every day in the market, as you know. Hope you won't be offended, but from the outside it sems like you don't have a well tested and solid trading plan, that's why you're not confident in following it to the teeth! If you still need tweaking then it's not yet solid, so you don't trust it yet. I think that's where the issue lies, not in your ability to trade profitably. Regardless, I can say by my own experience that each step that you take towards improving...
I do trust the system I am using. I am tweaking it, but not because I don't trust the system, but for the strategy to fit FTMO's criteria. And I learned a lot from this experience. Especially the fact that << I am not yet ready to handle other people's money AND the strategy I am using does not fit the FTMO criteria YET>> so I will go backto trading my own account for a few more months and probably try FTMO again by next year.
adapt or be killed
  • #3,745
  • Sep 23, 2020 1:25pm Sep 23, 2020 1:25pm
Quoting Inception12
just discovered telegram channels giving out signals to their vip channels but most of the ones ive seen so far are fake....totally over trading with no charts to explain why they took the trades, double counting pips and generally having poor risk to reward ratios like sl of 100 pips and tp of 20 pips....can anyone recommend any nice ones with sensible trades with good risk to reward ratios

No... Most signal providers are not professional traders, professional traders do not provide signals. Also this is FTMO thread.
  • #3,746
  • Sep 23, 2020 1:51pm Sep 23, 2020 1:51pm
Quoting slappymove
on the 22nd of Sept I almost passed the verification stage and just short of 0.8%. I should've passed days ago but I keep on locking profits too early. On 23rd, I failed the verification stage and failed my psychology because I increased my risk to 1% and been exposed to multiple pairs of the same currency as I want to "chase" that funded account. Aside from this, I went for homerun trades where r:r is at 1:>5. This only means I'm not yet ready to handle other people's money. Need to improve more!!! Anyway, time to share what I will do next: 1....
I will recommend FXBlue trade copier. It's free and very easy to setup. No need to pay someone for just a nicer interface.

It literally take under 5 minutes to set it up.
  • #3,747
  • Edited 3:04pm Sep 23, 2020 2:25pm | Edited 3:04pm
Quoting newegg
{quote} I will recommend FXBlue trade copier. It's free and very easy to setup. No need to pay someone for just a nicer interface. It literally take under 5 minutes to set it up.
I had to give up on BlueFX. Heartbeat issues would randomly appear causing problems. Troubleshooting tips were of no help so I couldn’t spend anymore time on it. There is (paid) one in the marketplace that so far has worked flawlessly.
Trade with confidence, trade without fear.
  • #3,748
  • Sep 23, 2020 2:41pm Sep 23, 2020 2:41pm
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.
  • #3,749
  • Sep 23, 2020 2:44pm Sep 23, 2020 2:44pm
Quoting Inception12
just discovered telegram channels giving out signals to their vip channels but most of the ones ive seen so far are fake....totally over trading with no charts to explain why they took the trades, double counting pips and generally having poor risk to reward ratios like sl of 100 pips and tp of 20 pips....can anyone recommend any nice ones with sensible trades with good risk to reward ratios
Why are you even posting such a comment in this thread?

go do some work and learn to trade yourself
  • #3,750
  • Sep 23, 2020 3:23pm Sep 23, 2020 3:23pm
Hello guys
what is the minimum % profit that i should make every month to stay as a funded trader ??
(sorry for my bad english im not a native speaker)
  • #3,751
  • Sep 23, 2020 3:29pm Sep 23, 2020 3:29pm
Quoting AlmoulathumF
Hello guys what is the minimum % profit that i should make every month to stay as a funded trader ?? (sorry for my bad english im not a native speaker)
there is no minimum ... so long as you don't break the rules you keep the account.
  • #3,752
  • Sep 23, 2020 3:29pm Sep 23, 2020 3:29pm
Quoting AlmoulathumF
Hello guys what is the minimum % profit that i should make every month to stay as a funded trader ?? (sorry for my bad english im not a native speaker)
There isn't a minimum. You simply cannot EVER go below 90% of original funded amount or lose 5% in one day. If you can generate 10% profit over 4 months (with 2 months being net positive) they will scale you 25% every 4 months.
  • #3,753
  • Sep 23, 2020 3:49pm Sep 23, 2020 3:49pm
thanks guys
  • #3,754
  • Sep 23, 2020 8:10pm Sep 23, 2020 8:10pm
Quoting pipmaster77
{quote} There isn't a minimum. You simply cannot EVER go below 90% of original funded amount or lose 5% in one day. If you can generate 10% profit over 4 months (with 2 months being net positive) they will scale you 25% every 4 months.
So if I increase my account balance to 120k, I can still go down to 91k and still be ok? That’s more than 10%. Is it not 10% of balance at all times?
  • #3,755
  • Sep 23, 2020 8:19pm Sep 23, 2020 8:19pm
Quoting bojack34
{quote} So if I increase my account balance to 120k, I can still go down to 91k and still be ok? That’s more than 10%. Is it not 10% of balance at all times?
Yeah but u still can't lose over 5% in a day. That rule stays the same no matter how much you are up for the month.
  • #3,756
  • Sep 23, 2020 8:43pm Sep 23, 2020 8:43pm
Quoting Cryptosurf
{quote} I had to give up on BlueFX. Heartbeat issues would randomly appear causing problems. Troubleshooting tips were of no help so I couldn’t spend anymore time on it. There is (paid) one in the marketplace that so far has worked flawlessly.
Blue is not too bad so far...
but please, what is the paid one that you like?
  • #3,757
  • Sep 24, 2020 1:39am Sep 24, 2020 1:39am
Quoting doyathink
{quote} Blue is not too bad so far... but please, what is the paid one that you like?
There are many out there - I actuall bought this one - AutoTradeCopier, from Metaquotes market place - it works well but is for local machine only - I had another one I used for internet to different locations but it created a lot of issues with my VPS

Cheers
maahome
  • #3,758
  • Sep 24, 2020 2:03am Sep 24, 2020 2:03am
Quoting slappymove
on the 22nd of Sept I almost passed the verification stage and just short of 0.8%. I should've passed days ago but I keep on locking profits too early. On 23rd, I failed the verification stage and failed my psychology because I increased my risk to 1% and been exposed to multiple pairs of the same currency as I want to "chase" that funded account. Aside from this, I went for homerun trades where r:r is at 1:>5. This only means I'm not yet ready to handle other people's money. Need to improve more!!! Anyway, time to share what I will do next: 1....
Sorry for your case.

Multiple trades of same currency can be traded with reduced lots each.

Consider employ someone to troubleshoot risk (supervise and close entries with high lots.
Without despair &amp; distraught, focus on Patience to FRESH MOTiVES.
  • #3,759
  • Sep 24, 2020 2:25am Sep 24, 2020 2:25am
Hi everyone

I'm really interested in finding out about trade copiers and a VPS. Does anyone know of any good threads I can checkout?

Thanks
MM
Everything you want in life is on the other side of fear.
  • #3,760
  • Sep 24, 2020 3:14am Sep 24, 2020 3:14am
Quoting maahome
{quote} There are many out there - I actuall bought this one - AutoTradeCopier, from Metaquotes market place - it works well but is for local machine only - I had another one I used for internet to different locations but it created a lot of issues with my VPS Cheers maahome
thanks for that, maahome...
which is the one that caused VPS problems?
that's how I use it...
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