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FTMO - For serious traders

  • #3,801
  • Sep 25, 2020 11:48am Sep 25, 2020 11:48am
Quoting Atenoip
{quote} 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
It is called FTMO "marketing". But you figure it out.
  • #3,802
  • Sep 25, 2020 1:25pm Sep 25, 2020 1:25pm
Quoting driven18
{quote} It is called FTMO "marketing". But you figure it out.
Of course it is but let me say it's not so "serious" neither honest. They sounds like payed actors instead of "serious traders".
I understand that burned challanges fee are an easy and risk free business but people like me that stayed on makets from many years cringe a lot seeing that kind of "marketing".

I hope under this facade there is a really serious prop, we'll see
  • #3,803
  • Sep 25, 2020 1:41pm Sep 25, 2020 1:41pm
Quoting Atenoip
{quote} people like me that stayed on makets from many years cringe a lot seeing that kind of "marketing".

I agree. It just shouts "scam".

And the constantly ongoing, never ending technical nightmares are absolutely ridiculous!


Quoting Atenoip
{quote}I hope under this facade there is a really serious prop, we'll see

I really doubt it VERY much.

I'd try Top Step Forex instead. They've been around for 8 years with a great reputation, and their technology actually works. The target is 6% rather than 10%, and best of all there's no time limit to do it. The decision which one to try is a no brainer.
  • #3,804
  • Sep 25, 2020 1:50pm Sep 25, 2020 1:50pm
Quoting Atenoip
{quote} Of course it is but let me say it's not so "serious" neither honest. They sounds like payed actors instead of "serious traders". I understand that burned challanges fee are an easy and risk free business but people like me that stayed on makets from many years cringe a lot seeing that kind of "marketing". I hope under this facade there is a really serious prop, we'll see
I agree....fact that they can not get their shit together with the servers, which is a life line for everyone...is at the least "What To F**k"
  • #3,805
  • Sep 25, 2020 2:00pm Sep 25, 2020 2:00pm
Quoting KarlKraus
{quote} I agree. It just shouts "scam". And the constantly ongoing, never ending technical nightmares are absolutely ridiculous! {quote} I really doubt it VERY much. I'd try Top Step Forex instead. They've been around for 8 years with a great reputation, and their technology actually works. The target is 6% rather than 10%, and best of all there's no time limit to do it. The decision which one to try is a no brainer.
Yes, too bad Top Step do not trade CFD's
  • #3,806
  • Sep 25, 2020 2:23pm Sep 25, 2020 2:23pm
Quoting KarlKraus
{quote} I agree. It just shouts "scam". And the constantly ongoing, never ending technical nightmares are absolutely ridiculous! {quote} I really doubt it VERY much. I'd try Top Step Forex instead. They've been around for 8 years with a great reputation, and their technology actually works. The target is 6% rather than 10%, and best of all there's no time limit to do it. The decision which one to try is a no brainer.

Lol It's definitely a no brainer. FTMO comes out on top every time.

Go ahead and compare both offerings and parameters. Technical issues don't last forever btw and they aren't incessant. What matters is that they are getting fixed.


Lol the other guy talking about YouTube is funny as hell.
Earlier in the thread, the complaint was " there are no reviews, no traders showing withdrawals or giving reviews"

Months later the reviews are popping up with proofs and all of a sudden, they're fishy or fake people used in the marketing scheme.

WTF!! It's good to be cautious but all the negativity (despite the not so frequent explanations given from the reps) and paranoid suspicion is laughable..


... Say for instance..

I, get funded and make my first withdrawal. Excited at my achievements, decide to make a YouTube video to express it or to even prove the legitimacy of the Company, maybe even at the plea or request of FTMO, would that be so weird or strange? Of course I would have 0 -2 subscribers at most with probably just 1 video.

What exactly is wrong with that? Some are using idea to sell courses or to promote themselves.

Not everything is some cunning dirty tactic guys.

Ignore the new account... What about the youtubers with reasonable following? Are they all part of marketing too?

You want proof of pay outs, you also want to decide the manner and parameters within which the proof must come for you to accept it.

Sheeshh
  • #3,807
  • Sep 25, 2020 5:44pm Sep 25, 2020 5:44pm
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.
Hi Takisd,

Sorry about your misfortune, I do not personally use their metrix system other than to review at the end of the week. I use a simple indicator that updates every tick with a running total - I attach it here for you to use, or not. Looks like the graphic:

Attached Image


Wishing you success in the next attempt.

Cheers
maahome

Attached File(s)
File Type: ex4 i-Profit tracker v1.3.ex4   65 KB | 290 downloads
  • #3,808
  • Sep 25, 2020 6:47pm Sep 25, 2020 6:47pm
Quoting maahome
{quote} Hi Takisd, Sorry about your misfortune, I do not personally use their metrix system other than to review at the end of the week. I use a simple indicator that updates every tick with a running total - I attach it here for you to use, or not. Looks like the graphic: {image} Wishing you success in the next attempt. Cheers maahome {file}
this is good tool.

thanks
Intraday only.
  • #3,809
  • Sep 25, 2020 7:12pm Sep 25, 2020 7:12pm
Quoting Koop
{quote} Lol It's definitely a no brainer. FTMO comes out on top every time. Go ahead and compare both offerings and parameters. Technical issues don't last forever btw and they aren't incessant. What matters is that they are getting fixed. Lol the other guy talking about YouTube is funny as hell. Earlier in the thread, the complaint was " there are no reviews, no traders showing withdrawals or giving reviews" Months later the reviews are popping up with proofs and all of a sudden, they're fishy or fake people used in the marketing scheme. WTF!!...
I know, it almost seems the underlying reason of these posts is to promote another prop firm. Come in here and bash FTMO and drop the name of the one you're promoting. Quite comical actually.
  • #3,810
  • Sep 25, 2020 7:16pm Sep 25, 2020 7:16pm
Quoting maahome
{quote} Hi Takisd, Sorry about your misfortune, I do not personally use their metrix system other than to review at the end of the week. I use a simple indicator that updates every tick with a running total - I attach it here for you to use, or not. Looks like the graphic: {image} Wishing you success in the next attempt. Cheers maahome {file}
This indicator only display the profit. The most important thing is to monitor the drawdown and the potential loss of all positions.


Attached Image
  • #3,811
  • Edited 7:39pm Sep 25, 2020 7:18pm | Edited 7:39pm
As for I know, there is technical glitch with regard to two aspects.

1. Metrics, this is slow to update in challenge/verification account.

2. Metrics, this very very slow in Demo account. Can not rely at all.

3. In the last 1 month time, twice I noticed server issue.

First time, price move lag behind by 1 minute.

Second time, there was outage of server in asian session for 30 min to 1 hr , I was not holding any trades so did not have problem, However, FTMO asked me to send complaint of affected trades during this period for their review.

People can enlighten me if FTMO positively respond to affected trades during server outage time. I never faced this problem.

On top of all, I would appreciate FTMO, for excellent risk management tools , which as a trader, one must follow whether it is FTMO account or your own personal account
Intraday only.
  • #3,812
  • Edited 8:48pm Sep 25, 2020 7:31pm | Edited 8:48pm
A trader does not need metrics , as long as he/she understands the logic behind daily max loss and max loss.

This is key, and one should know what lot size to trade and how many pips to allow as stop.

This must be done before executing trade in order not to violate the objectives.

So, metrics is just for informative purpose, absolutely right.
Intraday only.
  • #3,813
  • Sep 25, 2020 7:53pm Sep 25, 2020 7:53pm
Quoting navk
As for I know, there is technical glitch with regard to two aspects. 1. Metrics, this is slow to update in challenge/verification account. 2. Metrics, this very very slow in Demo account. Can not rely at all. 3. In the last 1 month time, twice I noticed server issue. First time, price move lag behind by 1 minute. Second time, there was outage of server in asian session for 30 min to 1 hr , I was not holding any trades so did not have problem, However, FTMO asked me to send complaint of affected trades during this period for their review. People...
Mine seems to update almost in real time. It did in challenge and verification as well. I did have one issue in verification where a couple of winning trades were missing from the journal and the graph, but the objectives displayed correctly. I emailed and they resolved within 24 hours. I use the metrix more as cross reference to see if it matches, but IN NO WAY would I rely on it to track my daily loss. It's simply to important and must be tracked on your own.
  • #3,814
  • Edited 8:46pm Sep 25, 2020 8:20pm | Edited 8:46pm
Quoting pipmaster77
{quote} Mine seems to update almost in real time. It did in challenge and verification as well. I did have one issue in verification where a couple of winning trades were missing from the journal and the graph, but the objectives displayed correctly. I emailed and they resolved within 24 hours. I use the metrix more as cross reference to see if it matches, but IN NO WAY would I rely on it to track my daily loss. It's simply to important and must be tracked on your own.
I would say that, they may make it as rule. For any reason, there is server outage for a specified time, say 10 min or so, the negatively affected trades can be either deleted or compensated upon complaint from trader. Deleting the negatively affected trade is best than compensating it.

If a trader is positively affected, as long as trader does not complain it to FTMO, the positively affected trade shall be allowed.
Intraday only.
  • #3,815
  • Edited Sep 27, 2020 1:46am Sep 26, 2020 2:54am | Edited Sep 27, 2020 1:46am
Quoting Koop
Lol the other guy talking about YouTube is funny as hell.
Thank you sir, so gentle

Quoting Koop
Earlier in the thread, the complaint was " there are no reviews, no traders showing withdrawals or giving reviews" Months later the reviews are popping up with proofs and all of a sudden, they're fishy or fake people used in the marketing scheme. WTF!! It's good to be cautious but all the negativity (despite the not so frequent explanations given from the reps) and paranoid suspicion is laughable.. ... Say for instance.. I, get funded and make my first withdrawal. Excited at my achievements, decide to make a YouTube video to express it or to even...
Let me explain.. no offense but that kind of behavior IS NOT attributable to a serious experienced trader (in my opinion of course): "OMG MY FIRST WITHDROWAL WOOOOOOOHOOOO LET ME OPEN A YT CHANNEL TO TALK ABOUT IT LIKE A BRAINLESS RANDOMLY". Please sir... there is a lot of cringe in these dozzens of channel trust me. Of course you are free to do what you want I'm not here to say people what they should do and I'm not talking about you personally. Simply I know that retail trading is one of the hardest (and also one of the best) job in the world, I can not beleave these young, over-excited, and obviously inexperienced guys are "serious traders". They don't know what they are talking about. That (IN MY OPINION) is weird, strange, cringe, not a good way to prove something.

Quoting Koop
What about the youtubers with reasonable following? Are they all part of marketing too?
Why not? youtubers are payed for promoting everything. That's their main business as you should know. Anyway is not only about numbers, it's also about how they are talking about a world that I know. I would be happy if some Real Trader (like michael cook, tim rea and the company of robbins cup "veterans", you know what kind of competence I'm talking about) will talk positively about ftmo

Do not misunderstand me, I hope ftmo is legit. If I will pass the challenges (cause if you are a trader you know that a minimum target is not ever guaranteed, only risk is guaranteed) and they will reveals like a serious company I will be happy to share my positive experience.

Have a nice weekend guys
  • #3,816
  • Sep 26, 2020 4:46am Sep 26, 2020 4:46am
I have been using the Metrix to determine when I should stop trading.

I have investigated and it didn't update for over an hour.

The reason I use it is because at the same time i trade my live account and i do not have the same rules as ftmo and i am doing things quickly. It is a tool that is provided by the company. It basically in this case was the reason i continued trading.
  • #3,817
  • Sep 26, 2020 6:43am Sep 26, 2020 6:43am
Quoting Takisd
I have been using the Metrix to determine when I should stop trading. I have investigated and it didn't update for over an hour. The reason I use it is because at the same time i trade my live account and i do not have the same rules as ftmo and i am doing things quickly. It is a tool that is provided by the company. It basically in this case was the reason i continued trading.
Sorry about that, but you gotta hold yourself accountable too man, else it may happen again.

Won't be the first or 10th time someone has complained about the Metrix and sluggish updates, why then would you depend wholly on it to track your progress? It obviously isn't yet totally optimized.

It's just a FREE tool attached to help us, but we must track our progress ourselves to eliminate any room for error.

Sorry about the unfortunate turn... All the best next time.
  • #3,818
  • Sep 26, 2020 7:20am Sep 26, 2020 7:20am
Quoting Koop
{quote} Sorry about that, but you gotta hold yourself accountable too man, else it may happen again. Won't be the first or 10th time someone has complained about the Metrix and sluggish updates, why then would you depend wholly on it to track your progress? It obviously isn't yet totally optimized. It's just a FREE tool attached to help us, but we must track our progress ourselves to eliminate any room for error. Sorry about the unfortunate turn... All the best next time.

Will see, the mentor app did exactly the same thing. I am not in the habit of keeping a diary of my watermarks daily, nor should I be. No professional trader that I know is sitting there tracking their watermarks. I was fairly sure that my water mark was $1000 different to what it appears to have been on the metrix when it updated. If a tool is faulty, probably best not to provide that tool especially when the rules are the rules of the company.

I only just grazed past the limit and i have told my story to them, will see whether or not they accept my side of it or request that I start all over again. I doubt I will do another test though, my income has dropped as i have been focusing on passing FTMO vs my bread and butter trading, the idea of trading others money as a prop firm is nice but I would hope that the support for traders beyond just answering emails would be there as well, including with the metrix and mentor app being up-to-date and giving a proper overlook of what is going on - if every thing is clear its very easy not to breach max daily loss. It is not natural to trade inside a box so you should be able to tell at a glance where you are inside the borders of that box, especially if you are a higher frequency trader like myself.

Knowing what I know now about metrix, I would say that if it remains with hours delay at a time, its likely that failure on a funded account could occur due to that as well even if the account remains in good standing. If it were me running the company FTMO, I would likely eliminate the daily loss figure if the account is in profit and set a equity low watermark figure. Max daily loss -5000 from deposit and total max loss -10000 from deposit. It would resolve this issue which I am sure has occurred before and it would also enable good traders to utilize their profit better and increase gains and volume as well as maintain the rules of deposit protection that is performed so highly by profitable traders. Protect initial capital at all costs and maximize gains as best possible.

That being said, my losses are mine and c'est la vie.
  • #3,819
  • Sep 26, 2020 7:34am Sep 26, 2020 7:34am
Quoting Takisd
{quote} Will see, the mentor app did exactly the same thing. I am not in the habit of keeping a diary of my watermarks daily, nor should I be. No professional trader that I know is sitting there tracking their watermarks. I was fairly sure that my water mark was $1000 different to what it appears to have been on the metrix when it updated. If a tool is faulty, probably best not to provide that tool especially when the rules are the rules of the company. I only just grazed past the limit and i have told my story to them, will see whether or not they...
I thought you passed the verification.

Read your post few pages back.
Intraday only.
  • #3,820
  • Sep 26, 2020 7:43am Sep 26, 2020 7:43am
Quoting navk
{quote} I thought you passed the verification. Read your post few pages back.
I was pretty much there yes. But on 2 days. I made a few mistakes obviously by not cutting back heavily and just winging it to the end
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