FTMO - For serious traders | Page 190 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

$1,000,000.00 and Beyond ft. FTMO 29 replies

AkaMRP FTMO Journey 45 replies

FTMO Challenge.... How to beat....? 28 replies

FTMO Challenge; Could Survived? 41 replies

FTMO Challenge & Max Drawdown Issue 5 replies

Attachments: FTMO - For serious traders
Exit Attachments

FTMO - For serious traders

  • #3,781
  • Sep 24, 2020 11:56am Sep 24, 2020 11:56am
Quoting Takisd
{quote} better than the 2 hr gaps on my first day
Atleast I was not in position. I was putting order to get into one when I encountered the error.
  • #3,782
  • Sep 24, 2020 11:58am Sep 24, 2020 11:58am
Hey. I can trade cfd of stocks with ftmo ? I can't really find the answer anywhere.
  • #3,783
  • Sep 24, 2020 12:35pm Sep 24, 2020 12:35pm
Quoting ake213
Hey. I can trade cfd of stocks with ftmo ? I can't really find the answer anywhere.
You can trade the indices, not individual stocks.
  • #3,784
  • Sep 24, 2020 12:52pm Sep 24, 2020 12:52pm
Quoting pipmaster77
{quote} You can trade the indices, not individual stocks.
Are you sure ? For example If I chose to get an Admiral Markets account, they offer cfd of individual stocks.
  • #3,785
  • Sep 24, 2020 1:09pm Sep 24, 2020 1:09pm
Had the same error on my side when trying to open new orders.

Also noticed once things went back again the prices had gapped on multiple pairs. I was going to email them, but it looks like I'll just be flooding their inbox. I hope they can address their server issues.

It was very frustrating not being able to place orders when I needed to, as now my entry price has passed and I've missed the good entry and potential profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_0763.PNG Size: 246 KB
Click to Enlarge Name: GBPUSDM15 2.png Size: 58 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #3,786
  • Sep 24, 2020 1:14pm Sep 24, 2020 1:14pm
Quoting mrdfx
Had the same error on my side when trying to open new orders. Also noticed once things went back again the prices had gapped on multiple pairs. I was going to email them, but it looks like I'll just be flooding their inbox. I hope they can address their server issues. It was very frustrating not being able to place orders when I needed to, as now my entry price has passed and I've missed the good entry and potential profit. {image} {image}
Yes, I was shorting GBPJPY at 134.55, came back up and it was 30 pips lower.
  • #3,787
  • Sep 24, 2020 1:15pm Sep 24, 2020 1:15pm
Quoting pipmaster77
{quote} I agree 100%. The daily loss restriction has made me a better trader. Forces you to not go on tilt. I am funded now, first day yesterday got hammered lol. Once funded, there is no profit target, so you can reduce risk, which of course is way less stressful. So for everyone in challenge and verification, I cannot emphasize how worth it this has been. After I trade this account for a month, I will do 2 more challenges to fully maximize this opportunity. On a side note, I assume your a poker player. From 2004-2008 I used to 12 table on stars,...
Yep, those were good days. Wish that opportunity was still around. I could only 4 table 50NL. Never went higher than that, too many good players above that limit.
  • #3,788
  • Sep 24, 2020 1:47pm Sep 24, 2020 1:47pm
Quoting ake213
{quote} Are you sure ? For example If I chose to get an Admiral Markets account, they offer cfd of individual stocks.
they dont use admiral markets anymore
  • #3,789
  • Sep 24, 2020 9:30pm Sep 24, 2020 9:30pm
Quoting Takisd
{quote} they dont use admiral markets anymore
What brokers they use now ?
  • #3,790
  • Sep 24, 2020 11:54pm Sep 24, 2020 11:54pm
Was gonna sign up for challenge this week. But I see there is still this server issue I keep hearing here. Gonna hold of some more until it's resolved. It's unacceptable funded or not.

I sent them an email asking if they have plans to bring back the old way where we can pick our own broker. They replied and said they will no longer do that since it's no longer convenient for them. It seems all this server problem is more convenient than customer service.

That common error issue is no small matter. If you have a stop sometimes it wont execute regardless if its sent to the market. I've seen it happen. Don't know why, supposedley if its in the market it should execute. But i've seen it happen in one of my broker.
  • #3,791
  • Sep 25, 2020 12:26am Sep 25, 2020 12:26am
Does anyone know if FTMO evaluates the completed Challenge, Verification and Funded accounts manually before they approve it? Has anyone had their trades cancelled for any reason?
If my MetriX shows all "green ticks", does it mean I am guaranteed to proceed to the next stage, or get a payout in case of a Funded account?
  • #3,792
  • Sep 25, 2020 1:33am Sep 25, 2020 1:33am
My Trade-Management-EA is running amok.... Might have to get those problems fixed before I use it on the Challenge...

One more Trial and then I'll go for the challenge. I read Trading in the Zone now and I know that it'll be fine as it's random anyways and I just need an edge to win.
It's never too late to make a bad trade!
  • #3,793
  • Sep 25, 2020 2:11am Sep 25, 2020 2:11am
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.
Sorry about your experience. I've being using it since the need for a trade copier arose for me and I haven't had any negative experience so far to the extent that sometimes I genuinely wonder why its 100% free.
  • #3,794
  • Sep 25, 2020 3:34am Sep 25, 2020 3:34am
Hi everyone,

Quoting maflip
Was gonna sign up for challenge this week. But I see there is still this server issue I keep hearing here. Gonna hold of some more until it's resolved. It's unacceptable funded or not. I sent them an email asking if they have plans to bring back the old way where we can pick our own broker. They replied and said they will no longer do that since it's no longer convenient for them. It seems all this server problem is more convenient than customer service. That common error issue is no small matter. If you have a stop sometimes it wont execute regardless...
I agree with you. It's unacceptable and these serious issues made me suspicious about that company seriousness. I passed the challange step fighting not only against markets but also against inexistent gaps and freezing server problems that I have documented properly. How a prop firm proposing to fund traders for many houndreds thousends dollars can have that kind of huge problems.. I suspect their main business comes from wannabe traders entry fee.. I hope its not a scam
  • #3,795
  • Sep 25, 2020 6:04am Sep 25, 2020 6:04am
Hello Everyone,
I hope you have had great couple weeks again.
The thread here got quite alive. We really don’t want to censor the content here but recently even some of you suggested that some sort of moderation might be useful (Rmg, Pipmaster) We would be glad if you could self-moderate this thread and even in the cases you responded already in some emotion triggering response, we think it would be beneficial if you could assess the comments again and delete them retrospectively if you deem these irrelevant to the informative value of this thread. Thank you.
Now let us address some of the issues that occurred in the early morning hours of 17th September:
As many of you know, our platforms experienced liquidity issues last week (between 2-3 am CEST on 17th September 2020 with some more minor issues being present later one between 6-8 am on indices), which caused gaps and inaccuracy in the data feed. We have worked hard to fix these issues and all platforms were fixed within hours. We had to restart one of our servers on 18th September at 9 am CEST which caused some accounts to be disconnected for around 15-20 minutes. We will be implementing additional liquidity pools in the near future to ensure that all prices are aligned with the industry standards and would like to assure you that under no circumstances our company manipulates prices and the data that we receive represents the data that you see on your charts.
Lastly, we would like to apologize for yesterday’s (23rd September) brief outage around 13:30-13:46 CEST. We are aware that some of you may have been affected by these issues. Again, we apologize for the inconvenience and in case any of your trades were negatively affected by the issues, please report it to us at [email protected] and we will gladly assist you and work with you to find a fair solution acceptable for both parties.
To address the differences in prices of some indices seen on our FTMO Platform and elsewhere:
As we have multiple LPs, some of the indices (like WS30) on FTMO Platform are quoted based on the futures prices rather than spot prices of the indices and that is why you can see the differences in price as you might be looking at the index based on a spot price. To compare prices of mentioned WS30, please check the prices of YM1!. https://www.tradingview.com/symbols/CBOT_MINI-YM1!/ You can see the basis for the indices on our FTMO Platform in MT4 if you hover over the symbol or open its specifications in the Market Watch. We will be soon offering both futures and spot based instruments.
As for the delayed MetriXes, we hope to be able to eliminate this issue within the next few weeks as we have multiple upgrades in the pipeline scheduled. We will be implementing new changes during this and each subsequent weekend and hope to achieve significant improvement with each new upgrade. Nevertheless, it is likely that some Free Trial account will continue to be updated sporadically for the next few weeks to prioritize infrastructure capacity for the paid accounts.
Apart from our infrastructure expansion, our teams grew significantly in the past couple weeks as well, so we hope to be able to handle all the communication with you even faster than before.

Now let’s address your specific questions and posts you discussed since our last presence:
Quoting driven18
Does anyone know or is there a statistic from FTMO on: 1. Percentage of people passing FTMO Verification and becoming Funded Traders? (I think I saw somewhere that it is 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 4. Number of Funded Traders FTMO has on the books after 3 month of trading. (Ex, 50 Traders, 60, 100 traders) Tomas from FTMO, if you can answer any of the above please do.
Hello Driven18, Questions like these keep coming quite often. We do not publish these statistics, but I am happy to say that we are sending around 50 000 USD daily as profit shares. I know that our competitors are promoting that in 2020 (whole year) they paid out 1 million USD to their traders. Our traders receive this amount in about 4 weeks. Back in spring around 8% of Challenges were successfully brought into FTMO Accounts and I think the number is still in the same ballpark.

Quoting bojack34
If you have a 100k account and you start off with a Max DD of 10% (10k) and then you have a good month and make 10%. Now the account balance is 110k. After FTMO takes their cut, you will be left with 107K. At this point will your new Max DD be 10.7K or will it remain at 10K? Same if you increase you account balance to 200k from a starting balance of 100k. Will the new max DD be 20k instead of 10k? Does anyone know how this works with them? Or can link me. Tyvm!
I see there was still some confusion in replies to these questions. Simply put, the Max Loss limit would be breached if your equity decreased under 90 % of the capital we provide for you and Max Daily Loss is breached if your current daily result is a loss of above 5% of capital we provide for you (https://ftmo.com/en/#maximum-daily-loss). Thus, there is a difference in how you grow your account from 100k to 200k.
If you keep leaving your share of profits on the account and bring our $100k account to $200k (where $100k is ours and $100k are your compounded profits), Max Loss would be breached if your account equity decreased under $90k and Max Daily Loss would be breached if you made a loss of above $5k at any given day (including floating P/L).
If your account grows to $200k by merger of more accounts or scaling up, the Max Loss and Max Daily Loss limits are increased proportionally to the capital you are provided by us.
Let’s say you now have $250k FTMO Account where $200k is ours and $50k are your compounded profits. Max Loss would be breached if equity dropped under $180k and Max Daily Loss would be breached if you made a Loss of above $10k (including unrealised P/L) within one day.

Quoting Skat
hi, I have a questi0n regarding Funded trader in which the Trading peri0d is ''Indefinite'' and Maximum Loss allowed is 10%. I have a confusion as the Maximum Loss explained The equity of the trading account MUST NOT, at any moment during 30-days duration, decline below 90% of the initial capital , So now assuming trader has -9% loss of equity at 30th day , will he allowed to trade as a funded trader next month as 91% of equity is there and rule is not violated ? If he is allowed then he would be trading with 91% equity, so now the new maximum loss...
Hi Skat, Thank you for pointing this out. We have adjusted the description slightly so it would be clear that it means that your equity must never decreased under 90% of account’s initial capital throughout the entire duration of the account. 30 days was referenced with Challenge in mind.

Quoting Quickly
{quote} Some of that "drama" is useful info regarding FTMO. From it, members can learn two important things. 1. FTMO and their customers have been plagued by intermittent technical problems for months. 2. Many members have tried to get support online, have waited for over an hour and then FTMO has closed their support for the day without attending to them. Does that tell you anything about their attitude to customer service?
Hi Quickly, Obviously, when everything is perfect, people don’t report it every day. On the other side, if an issue arises, it’s written about everywhere. As we grew as a company and made changes to our infrastructure and expanded products, the road has not always been super smooth. I would encourage you to come to our Live Chat pretty much anytime these days. Our normal waiting time is a few minutes only, often time with immediate response. Understandably, in the time of technical issue impacting a large number of accounts, we have many people coming to the chat at the same time and we can’t really handle all that load. We would like our traders not to judge us by these individual instances but rather the overall experience provided by our customer service team.

Quoting navk
hi guys, mt4 platform, not working? Prices not moving, but trades getting placed ? Any one finding same issues ?
Hello Navk, we had a technical issue with the Datafeed between 2-3 am on forex pairs on 17th September. If your trading was impacted, please contact us at [email protected] and we will investigate your case and provide possible solutions.

Quoting KarlKraus
The technical problems this company's customers have are just incredible. It goes on for ever! But what's even more alarming than that are the frequent reports that when people need urgent support and try the online chat, they wait for so long and then just get disconnected from it because it's the end of the working day for FTMO and they don't care. And even when people complain about that in public, when FTMO reply to questions and complaints here (which is only about once a week!) they never reply to those at all, and simply don't comment at...
Hello KarlKraus, We have addressed the issue with our overwhelmed chat at the beginning of our last post. I would like to point out that on absolute most days, our support on live chat can attend to anyone within a few seconds to a few minutes. In cases of sudden technical issue, it is simply not possible for us to bring 10x more agents online within instantly. Please understand that in rare cases like these, we simply can’t handle the incoming chats, but we are hiring new agents to have 24/7 support. all unattended chats are picked up by our support team later (on the first-come-first-serve basis) and if they contain any concern or questions, they are replied to via email.

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.
Hello TrendLover, we have been using TransferWise for wire transfers for a while now. Generally, you can expect to see the funds in your account anywhere from a couple of business days up to around 7 business days from the point we accept your invoice (and send you a confirmation email of its acceptance). We do not send pay-outs in Bitcoin.

Quoting IveGotQuads
{quote} you get 1 more chance and that's it.
Hi IveGotQuads, I confirm that there is no limit on the number of free repeats you can have for one Challenge. As long as you meet the criteria for free repeat every time (defined in the last paragraph at https://ftmo.com/en/#profit-target), we will send you a new Challenge for free.

Quoting Takisd
Reading through the rules for the news. Does FTMO specify which news releases they are watching for entries 2min before/after? a guy was complaining on youtube that he lost his account immediately after trading during news time without actually trading the news. So I want to be sure i know which news I have to avoid specifically.
Hello Takisd, I can’t be sure, but I think the trader you refer to was actually shorting GJ without SL on 17th September at 16:30 CEST and got hit by the 80 pip 1 min candle. I remember few traders got quite surprised by that movement last week. As you discussed the rule extensively, let me sum it up
Contract section 2E: The Provider shall not perform FOREX trading 2 minutes before the announcement of the subject macroeconomic release, until 2 minutes after the announcement of the subject macroeconomic release.
The rule in simple terms says: No new position can be opened (manually or by pending order) or any existing position altered by any means (manually closed, partially closed, closed by take-profit/stop-loss/trailing stop) during the 2 minutes prior to and 2 minutes after the restrictive news comes out. Technically, you don't have to close the position before this time window but note that this is extremely risky depending on the position size. The best and safest way is to always be out of your positions and to have no pending orders set on the specific news affected instrument prior to this 4-minute window. All the trading-prohibitive news are listed in our Economic Calendar with blue background fill https://ftmo.com/en/calendar/
Note that if the trader breaches this rule by accident, has no prior rule breaches in history and the outcome of these trades does not end in large loses for us (often time the results on live account can differ significantly from the results on demo during such high volatile market spikes), we usually go with a warning first rather than taking the account away.
We send email notifications about all prohibitive news a day ahead and are testing push notifications as well and you can even view upcoming prohibitive news straight from your MetriX interface so we believe we are doing as much as possible for the traders in this matter.
The prohibited currency/instrument is always specified by the news. Note that if USD is specified, only currency pairs containing USD are prohibited from trading. SPX, NASDAQ, XAUUSD, XBTUSD, etc are allowed to be traded in case of USD being restricted.
Also, you made a point that TP is easily replicable. That is not always true as the price might wick to your TP level and you would get the entire position on your demo filled while on our live account, there might not be enough liquidity to fill our copied order. I understand some of you would like these rules changed, but we are risk-averse and do not need to take on the additional risk or have lengthy discussions about the difference of results on our live account and your demo in such case.
Lastly, to clarify the setting of pending orders: you are allowed to set a pending order, but if the pending order gets triggered during the prohibited time window, it is a breach of our rules.


That will be all for today. It seems like volatility is returning to the markets so let’s make the best use of it. We wish you the best of luck with all your trade setups. I know we haven't addressed the most recent couple pages; we will do so next time.
Have a great day,
Tomas
  • #3,796
  • Sep 25, 2020 6:59am Sep 25, 2020 6:59am
I just got pretty badly screwed by the Metrix system. I hit a losing streak, which happens. After losing all my profit, I check metrix to see whats left, it says 1400. Then I lose 310 more and close up.

Go to check metrix again and it says i exceeded max daily loss by 500. If at any point it showed that I was within $500 of daily loss I wouldn't have opened another trade and thus i failed verification. I was fairly sure that my day prior watermark was 1000 lower than it is being shown. Pretty nightmareish.
  • #3,797
  • Sep 25, 2020 8:53am Sep 25, 2020 8:53am
Quoting Takisd
I just got pretty badly screwed by the Metrix system. I hit a losing streak, which happens. After losing all my profit, I check metrix to see whats left, it says 1400. Then I lose 310 more and close up. Go to check metrix again and it says i exceeded max daily loss by 500. If at any point it showed that I was within $500 of daily loss I wouldn't have opened another trade and thus i failed verification. I was fairly sure that my day prior watermark was 1000 lower than it is being shown. Pretty nightmareish.
Oh wow, sorry to hear this. Sometime the application is slow to update and I usually do the math on the MT4 balance. So what does this mean, you have to start all over again?
  • #3,798
  • Sep 25, 2020 9:08am Sep 25, 2020 9:08am
Decent week altogether, decided to go back to my original plan of 0.5% per risk. This is what allows me to be psychologically removed from the trade. Right now I am positive and since there are unlimited tries as long as you are positive I can take my time and not rush it. Got lucky with those 3 days where I increased lot sizing to 2%...those were horrible sessions and I got lucky with a 1-2% upswing. Could have easily gone -6%
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FTMO8.PNG Size: 42 KB
Click to Enlarge Name: FTMO9.PNG Size: 49 KB
Attached Images
  • #3,799
  • Sep 25, 2020 9:19am Sep 25, 2020 9:19am
Quoting IveGotQuads
Decent week altogether, decided to go back to my original plan of 0.5% per risk. This is what allows me to be psychologically removed from the trade. Right now I am positive and since there are unlimited tries as long as you are positive I can take my time and not rush it. Got lucky with those 3 days where I increased lot sizing to 2%...those were horrible sessions and I got lucky with a 1-2% upswing. Could have easily gone -6% {image} {image} {image} {image}
I agree 100%. Psychology is so important. I'm even thinking going lower than .5% as I usually add to the winners anyway. I find I am so relaxed when I can walk away and leave trade running. When I trade bigger sizes, I'm freaking glued to the machine lol.
  • #3,800
  • Sep 25, 2020 11:09am Sep 25, 2020 11:09am
Quoting Takisd
I just got pretty badly screwed by the Metrix system. I hit a losing streak, which happens. After losing all my profit, I check metrix to see whats left, it says 1400. Then I lose 310 more and close up. Go to check metrix again and it says i exceeded max daily loss by 500. If at any point it showed that I was within $500 of daily loss I wouldn't have opened another trade and thus i failed verification. I was fairly sure that my day prior watermark was 1000 lower than it is being shown. Pretty nightmareish.
In metrix page you can read "TRADING RESULTS IN THIS METRIX ARE INFORMATIVE ONLY. REAL-TIME TRADING VALUES CAN BE SEEN IN THE TRADING PLATFORM."
Check on your platform


I notice a cringy trend on youtube. People with no subscribers uploading video talking about ftmo witdrowals, ftmo challanges and similar... like this guy "MikeWillP": 6 subscribers. Quite strange..

I found dozens of them
4 traders viewing now