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FTMO - For serious traders

  • #3,961
  • Oct 3, 2020 3:21am Oct 3, 2020 3:21am
Quoting pipmaster77
{quote} I agree 100%. Any good system can make money, the skill in trading is your risk management. You can have two people trading the same exact system, one is profitable, the other constantly blowing accounts. If a "good" trader is losing 5% in a day, the trade sizes are way to big. I risk about 0.3% per trade, there is no way I will ever hit daily loss limit. I can trade extremely small and still hit 0.5% per day. Need to adjust your lot size to the ADR of the pairs you are trading. With a 300K account, you can trade such small sizes and still...
You can have a maximum of 300k on ftmo
  • #3,962
  • Oct 3, 2020 3:30am Oct 3, 2020 3:30am
Quoting Atenoip
{quote} You can have a maximum of 300k on ftmo
See this post.
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https://www.forexfactory.com/thread/post/13162619#post13162619
  • #3,963
  • Oct 3, 2020 3:59am Oct 3, 2020 3:59am
Quoting Atenoip
{quote} You can have a maximum of 300k on ftmo
You should really research before posting incorrect info. Suppose some based their decision based on your post. Based on the correct info, I'll rephrase, I plan on having a 1,200,000 account in 32 months. You've posted 4 times in this thread and every reply to my posts seems to be argumentative or sarcastic. Any particular reason? Have I pissed you off somehow?
  • #3,964
  • Oct 3, 2020 5:04am Oct 3, 2020 5:04am
Besides forex, I also trade commodities (Gold, Oil) and major indexes ...
Will this kind of trading results pass the $10,000 FTMO Challenge?
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(September 2020)
Market is not random but unpredictable
  • #3,965
  • Oct 3, 2020 5:30am Oct 3, 2020 5:30am
Quoting 4for4
Besides forex, I also trade commodities (Gold, Oil) and major indexes ... Will this kind of trading results pass the $10,000 FTMO Challenge? {image}{image}(September 2020)
C'mon now, it's really simple to figure out. No need to post the results in an effort to show off. Going from 3.80 to 2859.87 in 25 days is not impressive, it just shows how over-leveraged you were and amount luck you had during that period (well, atleast on your first trade). Everyone wants to have a pissing contest. Long term profitable trading is not what you just posted.
Just read the rules from the FTMO site and analyze what you just posted. Did you earn 10% in 30 days? Did equity ever fall below 10%? Did you ever have DD of more than 5% (closed + floating) in a day?
If you answer yes, no and no, you pass. Why would we analyze what you can do on your own?
I'm not going to dive in, but at first glance, if you started with 3.80, if at any point the first day you lost 19 cents you would have failed.
I'm also not clear on the deposit on 11th of September, but trading started on the 2nd? Unless that is not your full statement.
  • #3,966
  • Oct 3, 2020 5:34am Oct 3, 2020 5:34am
Quoting pipmaster77
{quote} C'mon now, it's really simple to figure out. No need to post the results in an effort to show off. Going from 3.80 to 2859.87 in 25 days is not impressive, it just shows how over-leveraged you were and amount luck you had during that period. Everyone wants to have a pissing contest. Long term profitable trading is not what you just posted. Just read the rules from the FTMO site and analyze what you just posted. Did you earn 10% in 30 days? Did equity ever fall below 10%? Did you ever have DD of more than 5% (closed + floating) in a day?...
The $3.80 is not a beginning balance, it was a monthly commission cashback ... (this account is swap and commission free)
Market is not random but unpredictable
  • #3,967
  • Oct 3, 2020 5:37am Oct 3, 2020 5:37am
Quoting 4for4
{quote} The $3.80 is not a beginning balance, it was a monthly commission cashback ... (this account is swap and commission free)
OK, so where is the beginning balance? Would definitely need that to analyze if you'd pass. Only thing showing is deposit 3.80 and your ending balance. What else could I assume based on what you posted?
  • #3,968
  • Oct 3, 2020 5:46am Oct 3, 2020 5:46am
Quoting pipmaster77
{quote} OK, so where is the beginning balance? Would definitely need that to analyze if you'd pass. Only thing showing is deposit 3.80 and your ending balance. What else could I assume based on what you posted?
The $2,859.87 is not the ending balance, it’s total profits of the month ... (the challenge is for the $10,000 one)
Market is not random but unpredictable
  • #3,969
  • Oct 3, 2020 6:06am Oct 3, 2020 6:06am
Quoting 4for4
{quote} The $2,859.87 is not the ending balance, it’s total profits of the month ... (the challenge is for the $10,000 one)
I understand, but profit on what beginning balance? If it's a 1,000,000 account, you would not pass. If it's a 100,00 account you would not pass. I understand you are trying to determine if you'd pass a 10,000 challenge, but are you saying you started this month with 10,000 and generated 2,859, then yes 28.59% would pass AS LONG AS your equity did not drop below 9,000 at any point, and your daily loss never exceeded $500 (closed + floating)
  • #3,970
  • Oct 3, 2020 7:34am Oct 3, 2020 7:34am
Quoting pipmaster77
{quote} I understand, but profit on what beginning balance? If it's a 1,000,000 account, you would not pass. If it's a 100,00 account you would not pass. I understand you are trying to determine if you'd pass a 10,000 challenge, but are you saying you started this month with 10,000 and generated 2,859, then yes 28.59% would pass AS LONG AS your equity did not drop below 9,000 at any point, and your daily loss never exceeded $500 (closed + floating)
Do they accept commodity and index trades as most of the profits made were on those trades? ...
Market is not random but unpredictable
  • #3,971
  • Oct 3, 2020 8:08am Oct 3, 2020 8:08am
Quoting 4for4
{quote} Do they accept commodity and index trades as most of the profits made were on those trades? ...
Use the trial account with evaluation. (Per registration 1 trial account, renewal possible after expiry, second registration allowed).
  • #3,972
  • Oct 3, 2020 8:37am Oct 3, 2020 8:37am
Quoting 4for4
{quote} Do they accept commodity and index trades as most of the profits made were on those trades? ...
Did you bother to go to their website and read ??

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  • #3,973
  • Edited 10:29am Oct 3, 2020 9:29am | Edited 10:29am
Quoting pipmaster77
{quote} Now if you could just do that every day on a funded account. On a 300K account, your share would be $400,000 per month. I'm going to be very happy with my $20,000 per month.

Quoting pipmaster77
{quote} I agree. The response of $400K per month was sarcasm. When people post passing the challenge in one trade, it always makes me laugh. Gambling at it's finest.
Quoting Dmh
{quote} He passed the challenge in 1 day (~23 trades). It doesn't seem like gambling to me unless all the trades were executed around the same time, on the same pair and in the same direction.
a trader should know, this will not happen every day; waiting for trade setup is part of the game.
I shared that just to show if one waits, the challenge can be cleared in few days.
patience is the key.

looks like you are way smart not to do that on daily basis and happy with 20k. thanks for the comments.

on laughing, it is easy to laugh...people have no idea about the work behind the scenes.
successful traders never belittle the success of other traders; because they know what it takes.

correct Dmh. it is stacked trades(at key levels) on couple of instruments in the direction of trend once in profit. I guess, that is trading at it's finest.

on gambling, anything that has risk is gambling...the key is whether it is mad gambling or smart gambling. it is to the individual.
Determination + Persistence = Success
  • #3,974
  • Oct 3, 2020 12:04pm Oct 3, 2020 12:04pm
Quoting 4for4
Besides forex, I also trade commodities (Gold, Oil) and major indexes ... Will this kind of trading results pass the $10,000 FTMO Challenge? {image}{image}(September 2020)
max daily dd 500 as per 10k challenge...your month would failed that just by the closed losses alone, 2x, and one of the occasion would also bleed away on the 10% max dd limit as well...

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so to answer, would lose out bt Sept 7th, the 5th day of the month/challenge.
cheers
there is always, always another trade!!
  • #3,975
  • Oct 3, 2020 1:16pm Oct 3, 2020 1:16pm
Quoting 4for4
Besides forex, I also trade commodities (Gold, Oil) and major indexes ... Will this kind of trading results pass the $10,000 FTMO Challenge? {image}{image}(September 2020)
Don't waste your talent/skills on FTMO or similar joints.
They take your money and assume you don't exist after that unless you pay them money again.
Return the favor and assume they don't exist.
What would you do if they hadn't spread their net to catch and fleece you?
Avoid the trap and do what you would do without them.
  • #3,976
  • Oct 3, 2020 1:51pm Oct 3, 2020 1:51pm
Quoting OutThere
{quote} Don't waste your talent/skills on FTMO or similar joints. They take your money and assume you don't exist after that unless you pay them money again. Return the favor and assume they don't exist. What would you do if they hadn't spread their net to catch and fleece you? Avoid the trap and do what you would do without them.
Attached Image
Determination + Persistence = Success
  • #3,977
  • Oct 3, 2020 2:22pm Oct 3, 2020 2:22pm
Quoting profitfarmer
{quote} max daily dd 500 as per 10k challenge...your month would failed that just by the closed losses alone, 2x, and one of the occasion would also bleed away on the 10% max dd limit as well... {image} so to answer, would lose out bt Sept 7th, the 5th day of the month/challenge. cheers
I see. My average risk on a trade is about 5% and I can have several trades opened at the same time which will not satisfy the maximum daily loss of 5% and/or the maximum loss of 10% if the trades do not go as intended right away. Thank you for your response ...
Market is not random but unpredictable
  • #3,978
  • Oct 3, 2020 2:27pm Oct 3, 2020 2:27pm
Quoting OutThere
{quote} Don't waste your talent/skills on FTMO or similar joints. They take your money and assume you don't exist after that unless you pay them money again. Return the favor and assume they don't exist. What would you do if they hadn't spread their net to catch and fleece you? Avoid the trap and do what you would do without them.
Come to think of it, why should I share 30% of the profits when I can keep 100% to myself without anybody filtering what I can and cannot do ...
Thank you for your suggestions ...
Market is not random but unpredictable
  • #3,979
  • Oct 3, 2020 2:36pm Oct 3, 2020 2:36pm
Quoting 4for4
{quote} Come to think of it, why should I share 30% of the profits when I can keep 100% to myself without anybody filtering what I can and cannot do ... Thank you for your suggestions ...
Make it happen.

This is a vid George AUS posted in another thread.
Laying under FTMO tree's scheme and wishing they won't discard you at the first possible chance isn't exactly the way to go because they are not a wish granting tree. You are.

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  • #3,980
  • Oct 3, 2020 2:53pm Oct 3, 2020 2:53pm
Quoting OutThere
{quote} Make it happen. This is a vid George AUS posted in another thread. Laying under FTMO tree's scheme and wishing they won't discard you at the first possible chance isn't exactly the way to go because they are not a wish granting tree. You are. https://youtu.be/UwGSgJytufY
Thanks again. I’m making things happen ...
Market is not random but unpredictable
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