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FTMO - For serious traders

  • #4,121
  • Oct 12, 2020 1:14am Oct 12, 2020 1:14am
Quoting Dmh
I read this in FTMO's terms and conditions. Does that mean that it is not allowed to copy trades from an IC Markets live account to a FTMO challenge account? {image}
I sent an email to FTMO regarding copying trades from an external broker to a FTMO account.

This is their response:

“Thank you for reaching out to us.

You can use a trade-copier on your account. Please be informed that you can use any trading software.

If you have any other concerns, feel free to contact us again.”
  • #4,122
  • Edited 10:18am Oct 12, 2020 2:24am | Edited 10:18am
I'd like to thank those people who come here and try to save me from the great danger of going with FTMO for my capitalization needs. It's nice of you to elucidate me. Your objective has been understood. Now, I will still go ahead and be using FTMO services, that's my decision, and the same way I don't criticize anybody else on their own life's decisions I would appreciate the same be done towards me and let me run my trading activity as I see fit without being subject to critics, name calling and judgement from people who don't know me nor my circumstances.
Successful business people don't need to resort to degrading examples to make a point, they are usually very understanding and respectful of others. Respect is actually a huge indicator of a person's character IMHO.
Hopefully now we can go back to discuss how we can improve our businesses through FTMO services in a serious and respectful manner, which I believe is the goal of this thread.
  • #4,123
  • Oct 12, 2020 5:17am Oct 12, 2020 5:17am
Quoting pipmaster77
{quote} Yes, you need compounding when trying to grow an account. This is exactly the market FTMO provides, give you the large account from the get go. Therefore, I can take my profits every month. The money they scale you, the 5% figure moves with it. When you state I have no clue of real trading circumstance, whatever the hell that means.... Are you saying it is normal to risk 5% daily? Anyone else wanna chime in on that one?
I don’t want to be mean with you, nor with anyone.
Just to reply to you, you can’t control so tightly the risk in trading even if you always set your stop loss (unless maybe if you trade on daily charts which people don’t like for obvious reasons).
Just think about it, some unexpected news, or just a tweet from Trump, and the market will make a gap or spread increase or a big slippage that you don’t see in your charts). And it will happen anytime with any broker with any kind of liquidity provider and I have tried a lot of them...They are not to blame, The market works like that.
Watch in the coming month how the volatility will increase...

Anyway, I wish you good luck
Don't give up on your dreams. Keep sleeping.
  • #4,124
  • Oct 12, 2020 5:30am Oct 12, 2020 5:30am
election month will be volatile.
Intraday only.
  • #4,125
  • Oct 12, 2020 6:11am Oct 12, 2020 6:11am
Quoting navk
election month will be volatile.
World doesn't spin around USA.
Anything above the line is an uptrend, below the line is a downtrend.
  • #4,126
  • Oct 12, 2020 6:24am Oct 12, 2020 6:24am
Quoting Degolep
{quote} World doesn't spin around USA.
yeah, but USD will be.
Intraday only.
  • #4,127
  • Oct 12, 2020 8:01am Oct 12, 2020 8:01am
I just got my profit today! Although it got a little bit delay of 1 week before they send it to me and it bothered me. But nonetheless, I got it! So yeah, so far you can trust this prop firm. Hopefully they don't change.
  • #4,128
  • Oct 12, 2020 9:22am Oct 12, 2020 9:22am
Quoting xpoiled7
I just got my profit today! Although it got a little bit delay of 1 week before they send it to me and it bothered me. But nonetheless, I got it! So yeah, so far you can trust this prop firm. Hopefully they don't change.
Awesome. First payout? How large of an account are you trading?
  • #4,129
  • Oct 12, 2020 9:26am Oct 12, 2020 9:26am
Quoting pipmaster77
{quote} Awesome. First payout? How large of an account are you trading?
Yes. 100k
  • #4,130
  • Oct 12, 2020 9:45am Oct 12, 2020 9:45am
Quoting xpoiled7
{quote} Yes. 100k
good
Intraday only.
  • #4,131
  • Oct 12, 2020 10:40am Oct 12, 2020 10:40am
This beauty is dedicated to all of those non believers mofo's everywhere. Believe, Project, Succeed!
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  • #4,132
  • Oct 12, 2020 10:47am Oct 12, 2020 10:47am
Quoting Artcool
{quote} What info don’t I have? The 5% allowed drawdown from the initial capital is in their rules. Of course, you can withdraw your profits if you make some instead of trying to compound, but why even come to Forex. The only advantage to Forex that I know is leverage and compounding. {quote} Obviously, you have no clue of real trading circumstances. Keep working for your pimps...They will make you rich.

you can withdraw it, deposit it with another broker and enjoy all the compounding you want with no restrictions.
  • #4,133
  • Oct 12, 2020 11:10am Oct 12, 2020 11:10am
Quoting driven18
This beauty is dedicated to all of those non believers mofo's everywhere. Believe, Project, Succeed! {image}
so, now you change your ideas.

The success and failure in us only. Not with prop firms or brokers.
Intraday only.
  • #4,134
  • Oct 12, 2020 11:30am Oct 12, 2020 11:30am
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driven 18 I tell you that in the real account it is at least 10 days, there is still time for beauty

Good luck!
Be happy, friendly, humble and winner!!
  • #4,135
  • Oct 12, 2020 11:36am Oct 12, 2020 11:36am
Quoting driven18
This beauty is dedicated to all of those non believers mofo's everywhere. Believe, Project, Succeed! {image}
Hey well done mate !!! So you just succeeded the verification process for a 100000$? Or free trial ? Anyway, very good job. How was and how long did the whole process till now take and what are your plans for the future ? Anything you like to share is most welcome. Cheers and rock on !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #4,136
  • Oct 12, 2020 11:52am Oct 12, 2020 11:52am
Quoting driven18
This beauty is dedicated to all of those non believers mofo's everywhere. Believe, Project, Succeed! {image}
Nice work.
  • #4,137
  • Oct 12, 2020 11:56am Oct 12, 2020 11:56am
Quoting mtako
{quote} Hey well done mate !!! So you just succeeded the verification process for a 100000$? Or free trial ? Anyway, very good job. How was and how long did the whole process till now take and what are your plans for the future ? Anything you like to share is most welcome. Cheers and rock on !
Its a free trial.

Minimum trading days:
Free trial: 5
Challenge: 10
Anything above the line is an uptrend, below the line is a downtrend.
  • #4,138
  • Oct 12, 2020 12:11pm Oct 12, 2020 12:11pm
To all the Well Wishers - Thank you.

It is a trial. It is my 3rd trial. I have been very patient this time and did not do Revenge or "Fuck this Shit" trades.

I am a successful trader for the past 3 years but I had a tough time fitting in within the FTMO rules.

Lets see what happens next. Challenge, here I Come!
  • #4,139
  • Oct 12, 2020 2:30pm Oct 12, 2020 2:30pm
Be very careful if you're in any audchf or nzdchf trade at market close. Twice now, the spread has spiked on the FTMO server on those 2 pairs to more than 20 pips and taken my stop out. The worst ive seen the spread hike at rollover on my other platforms was 10 pips on audchf.
  • #4,140
  • Oct 12, 2020 11:23pm Oct 12, 2020 11:23pm
So far so good, been able to get back to around breakeven from draw-down week. I'm learning a lot in the heat of the moment and confirming that my system is actually compatible with FTMO's parameters.
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