FTMO - For serious traders

Lol well, if they pay me my profit split by the end of November you wouldn't be wrong at all. I'm on FF to find ways to earn more, not to shoot down legitimate opportunities.

We do Agree here.

GL to US All next week!

Hi. I have a new challenge running and I was wondering if there is a schedule to the XBTUSD gaps. I can see one hour during lunch time at cmes. Apart from that the weekends uptime is somewhat erratic. Any insights would be appreciated.

Yes and while going through the "no time limit", they are hitting you with a monthly fee until you pass. Trust me, I've been in the game awhile, there is no comparison here.

a very simple way to track your progress .. trade after trade and day after day...

I am going to highlight sometthing that I think some people have mis-construed my complaint. Firstly, I do not think FTMO is bad at all - Actually of all the proprietary forex offerings they are the most reasonable in my opinion.

Next - I am not saying that my issue is FTMO's fault and no one elses, I do not need a lesson on how to manage trading, I have been doing it for 15 years. Anyone can make a spread sheet saying 1+1 = 2, that is not how I - or any other professional trader I know - operate. We use what is in front of us to make decisions and to mitigate risk based on probabilities. We have a plan, we stick to that plan even when the market is throwing us curve balls.
Trading is not, and never has been, a paper work office job. Even my taxes are handled by an accountant for the exact reason that by doing paper work you are distracted from trading. Human error exists in all facets of life, it exists in technology errors/lack of quality and it exists in plans and paperwork. Hindsight is wonderful, but if I added making magical spread sheets to my trading I would not get much trading done at all especially if one day I messed up my excel and then started second guessing everything.

It does not take much to trigger emotional responses in trading, keeping things as simple as possible is important - originally - metrix was what kept it simple for me to stay inside the box that FTMO creates and it had been reliable until this point. It told me what I needed to know in a glance and I could act upon it, it was not a case of checking it every minute or every second, i was checking it every 20 or 30 minutes. Metrix helped me increase my profitability by removing a pair I was failing on, it is a tool, it is useful its just more unreliable now than it was 3 weeks ago when i first started trading and unfortunately I developed a plan around it.

I take 30-80 trades per day on my live account (high 6 fig sometimes 7 pre withdrawal), if I have to document each and every equity move I might as well blow my brains out, thats what statements and platforms are for.
When I worked as a prop trader for a futures desk some years ago(07 til 10) their back office was your LIFE, you paid full attention to that tool that was given to you and you obeyed your limits that are clearly displayed inside that platform. If you hit one of those limits they sent you off to the manager and to a trading psych to understand why that happened because when you see your limits and your current situation there is absolutely no reason you should hit your max loss or position size triggers. If they discovered that it was too impulsive they ditched you on the spot, if there was more to it they would tighten your limits until you proved it was a one off.

Metrix could and should be that. But how FTMO handles their business is up to them. As I said in a previous post, I have plead my case to them - I do not have any expectations however in the past I have seen they are more likely to be generous than not which is a sign of true character in a company.

You are over complicating it and clearly have not understood how the daily loss limit works. You dont have to track every trade as you make out. It's very simple. Start of day you know what balance your account cant drop below. That is the only value you have to consider. How hard is that? The daily loss limit is so easy to not break and you dont need any realtime tool to tell you. Just look at the balance in MT4. Simple- how can anyone not do that as part of a professional approach to controlling risk? Each of us are personally responsible for doing the basics. Sorry you failed, but in no way are FTMO responsible. Particularly as it is obvious the metrics dont update realtime.

Are you sure?

Well said

Why wine so much over $550 challenge fee lost because you cannot be bothered to check and stick to simple parameters, when you have a 7 figure personal account?

my take is, even if there is software which tracks losses and profits, traders should aware of where they are with losses and profits at any given time.

Ok, then let it be a lesson to others. Don't pay attention to the numbers in front of you with the green/red ticks.

Hey are all the instruments not trading this weekend? The crypto used to trade on weekends.

Right click the instrument in market watch and select properties. It will provide the times the market is open to trade.

If you ask me i can say that these period is best time to take a challange because 2 major pairs are in cleare bearish mood GBP/USD and EUR/USD you can pass the challange without to much effort with lack of dicipline...

last week choppy.

both long and short fine with GU

Not everything was choppy if you cheek pairs 1 by 1 for example AJ

"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."

I understand now......TY!. At any point in time your Max Daily Loss is 5%. No matter if it's only your starting funded account balance, or if it's your starting funded account balance plus the profits you left in your account for growth. BUT......the overall loss is will be when your account equity goes under 90% of your starting funded account balance no matter if you have left your profits in the account for growth or not. So in essence, if you leave you personal profits in the account for growth, your Max Daily Loss will be 5% no matter what but your Max Overall Loss will be more than 10% depending on how much profit you leave in there.

I don't like to expose more publicly of what i dooo have green weekend everyone!

suggested improvement for Metrix:

track equity, in addition to balance, on the main chart. This is actually the number that counts for daily and overall loss.

suggested improvement for Metrix:

track equity, in addition to balance, on the main chart. This is actually the number that counts for daily and overall loss. It is critical for traders' understanding that this accurately shows the effect that rollover spreads have on equity.