FTMO - For serious traders | Page 210 | 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

  • #4,181
  • Oct 13, 2020 9:42pm Oct 13, 2020 9:42pm
Quoting SKLearn
It is not trading system or method that causes the DD. it is the capital, unrealistic money target for that capital and money management. most traders lack decent capital and 90% of them want to double that capital every week. I guess that is the underlying issue. there is a huge difference in making 5K on the 100K account and 5K on the 10K account.
Nothing more to add.

The difference between retail trader and Funded trader.
Intraday only.
  • #4,182
  • Oct 13, 2020 9:57pm Oct 13, 2020 9:57pm
Quoting navk
I have lots of confidence. 9 days passed. 14 more days to go.. Half way to the mark. Except 4 th day, revenge trading, all other days have been extremely good to me. I do only 1 pair. GBPUSD. I tried gold on the 4 th day and ended up doing revenge trading. At 2600 floating loss, I decided to call it and took loss. And that is the max daily loss. I now decided to trade only gbpusd where I am comfortable with. If things go like this, I shall achieve the magic by next week end. That is my motto and that gives me lots of courage and confidence. Day...
Day 1: 461 $ +
Day 2: 1006 $ +
Day 3: 1395 $ +
Day 4: 2140 $ -
Day 5: 1454 $ +
Day 6: 1021 $ +
Day 7: 720 $ +
Day 8: 687 $ +
Day 9: 719 $ +
Day10 : 438 $
Day 11 : 1035 $
Total for 11 days : 6800 $ +
11 more days to go.
Intraday only.
  • #4,183
  • Oct 13, 2020 10:39pm Oct 13, 2020 10:39pm
Quoting SKLearn
It is not trading system or method that causes the DD. it is the capital, unrealistic money target for that capital and money management. most traders lack decent capital and 90% of them want to double that capital every week. I guess that is the underlying issue. there is a huge difference in making 5K on the 100K account and 5K on the 10K account.
Yep, it's the psychology of trading... People not following their strategy because they get greedy or do revenge-trading because "the market" did something to them. But "the market" doesn't do anything to them it's just random and one never knows how a trade will work out. We can only make a guess and then let the probabilities work in our favor.

And if someone get's into 10% drawdown it's not a good strategy as the entry is totally off... Or the risk/trade is too high... or both.

I'll risk 2%/trade on my challenge as I trade with that risk all the time and I'm fine with it even on a funded account. But I also know that it means that I can't lose more than two trades per day as I'll otherwise hit the daily loss limit. It's just how it is and after two losing trades I should walk away anyways to reset emotions
It's never too late to make a bad trade!
  • #4,184
  • Oct 14, 2020 1:32am Oct 14, 2020 1:32am
Quoting paxilein
{quote} Yep, it's the psychology of trading... People not following their strategy because they get greedy or do revenge-trading because "the market" did something to them. But "the market" doesn't do anything to them it's just random and one never knows how a trade will work out. We can only make a guess and then let the probabilities work in our favor. And if someone get's into 10% drawdown it's not a good strategy as the entry is totally off... Or the risk/trade is too high... or both. I'll risk 2%/trade on my challenge as I trade with that risk...
First off> Market isn t random, it never was and it will never be random. second, imho ofcourse, 5 and 10% are more then ok pools where u can play in, even risking 1% per trade, assuming u know what ur doing ofcourse. the risk %, no matter if ur trading ur own money or a props money, is totally at the traders discretion and i guess it depends of the level of confidence u have in ur market aproach. a lot of bitching around that the target is impossible, that the DD is 2 low...well how much u wanna keep losing before u cal it a day, or a week? no matter who s money is that. if ur winning 51% of the time, ofcourse ur gonna complain that it s impossible.
this thread should be about news on ftmo, problems regarding the platforms, servers, payments and so on..(or atleast that s my reasoning for coming here) and instead i have to read thro every shity goddamn post about old timers that don t have a voice in real life and no1 gives them any attention so they decided to crap all over the internet. or kids that try and fail and spew theyr crap on here cos they are frustrated etc..i m not pointing fingers nor claim to be above any1 else in regards to trading, but atleast tr to keep this thread clean and to the point (what u would wanna read about in regards to ftmo). if u wanna vent, might i suggest facebook or some other platform where u might find likeminded people that have nothing to do as well an might actually be interested in ur crap. i KNOW i m using a strong tone here, but that s what reading numerous of crappy posts 1 after another and still nothing much linked to ftmo will do to you.
as for the 1s that are taking the challenges and succeed, my respect goes to u all, even to those that fail but stil keep at it. perseverence is the key to success imho.
u all have a good 1 and may the Gods be with u in ur trading.
cheers
  • #4,185
  • Oct 14, 2020 1:44am Oct 14, 2020 1:44am
Quoting 1odi
{quote} First off> Market isn t random, it never was and it will never be random. second, imho ofcourse, 5 and 10% are more then ok pools where u can play in, even risking 1% per trade, assuming u know what ur doing ofcourse. the risk %, no matter if ur trading ur own money or a props money, is totally at the traders discretion and i guess it depends of the level of confidence u have in ur market aproach. a lot of bitching around that the target is impossible, that the DD is 2 low...well how much u wanna keep losing before u cal it a day, or a week?...

Real talk.
  • #4,186
  • Oct 14, 2020 2:00am Oct 14, 2020 2:00am
Quoting 1odi
{quote} First off> Market isn t random, it never was and it will never be random. second, imho ofcourse, 5 and 10% are more then ok pools where u can play in, even risking 1% per trade, assuming u know what ur doing ofcourse. the risk %, no matter if ur trading ur own money or a props money, is totally at the traders discretion and i guess it depends of the level of confidence u have in ur market aproach. a lot of bitching around that the target is impossible, that the DD is 2 low...well how much u wanna keep losing before u cal it a day, or a week?...
Well, now I'm a bit confused... You say I do shitty posts? Or was that part regarding different posters? It's quite hard to read without any paragraphs....
It's never too late to make a bad trade!
  • #4,187
  • Oct 14, 2020 2:04am Oct 14, 2020 2:04am
Quoting paxilein
{quote} Well, now I'm a bit confused... You say I do shitty posts? Or was that part regarding different posters? It's quite hard to read without any paragraphs....
neah, my point was in general. i qouted u in regards to market beeing random, which it isn t. think about it. i m only gonna say this cos i don t wanna clutter this thread and this isn t a topic to discuss in here. let s say u wanna buy GJ, u just gonna place a buy order anywhere on the chart? or u gonna try and choose a spot etc? not a perfect analogy in regards to what i d wanna prove, but it should still work in makin u think. cheers
  • #4,188
  • Edited 10:41am Oct 14, 2020 10:28am | Edited 10:41am
Quoting 1odi
{quote} ... i have to read thro every shity goddamn post about old timers that don t have a voice in real life and no1 gives them any attention so they decided to crap all over the internet. or kids that try and fail and spew theyr crap on here cos they are frustrated etc..
I am appalled by all the support another hateful speech gathers. People are simply sharing their experiences and you are assuming the worst out of everything. Did anyone force anyone to continue reading what they didn't like? I am shocked such hateful views on complete strangers, such name calling, such negative baseless assumptions, such anger caused by your action of continuing to read what you don't like, not caused by the posts and people you are insulting.

Don't worry, this "shitty old timer that don't have a voice in real life that no1 gives attention to so they decided to crap all over the internet " or this " frustrated kid spewing his crap all over" or this "person" you just need to hate on because they just had a voice you just needed to despise for whatever personal reason, will not be the source of such anger in this thread again.

My deepest apologies to anyone that appreciated what I had to share on the matter. Thank you all for sharing your thoughts, they are all valuable to me. Cheers and take good care ALL of you.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #4,189
  • Oct 14, 2020 11:00am Oct 14, 2020 11:00am
?I am appalled by all the support another hateful speech gathers. People are simply sharing their experiences and you are assuming the worst out of everything. Did anyone force anyone to continue reading what they didn't like? I am shocked such hateful views on complete strangers, such name calling, such negative baseless assumptions, such anger caused by your action of continuing to read what you don't like, not caused by the posts and people you are insulting.? @mtako

i was considering not to reply to whatever u wrote there..there was bound to be some people that take what i wrote as a personal afront, even tho my post was general, no name tagging etc.. pls enligten me in last few pages of this thread just how many posts were just simply sharing theyr experience with FTMO? i shouldn t read? well ofc i wouldn t want to, but in doing so i might actualy mis the 1 post that might be of interest, kinda with the needle in the haystack. i apologise if u felt offended, wasn t my intention to hurt feelings, but i m sure many that trade for real on here, and just wanna see the news in the few mints they log in don t wanna read such comments like i ve just read the past few days to say the least. u might also observe that i don t post much, and when i do its strictly related to the topic on this thread. no hate here bud, just some observations, and i m tottaly ok if people agree with me or not cos...people are different, some will enjoy the comments that look straight out of a newspaper and others will just not come here anymore. anyways, have a good1
cheers
  • #4,190
  • Oct 14, 2020 11:09am Oct 14, 2020 11:09am
Quoting fx75
agree or disagree? https://www.youtube.com/watch?v=pjfRCrVfOzc
Respect his views but typical marketer. His website is "bestfreeforexea'. Nothings free, only the trial version then you pay $400 for his live one or $20/month plus 25% performance fees if in profit. Look at his myfxbook with all his current/withdrawn accounts. Some have DD as high as 50% and some low as 5%. Of course different risk profiles and strategies. He also had an FTMO one running his EA. Looks like it went bust as he hit the stop limits. If he could tweak it I'm sure he might have passed but who knows now.

Regardless of all that. FTMOs has its rules. Trade within them and you're grand. If you can't, who cares, set your own prop firm/move on and carry trading for yourself.

Those that are successful rarely post on here.
  • #4,191
  • Oct 14, 2020 11:13am Oct 14, 2020 11:13am
Quoting fx75
agree or disagree? https://www.youtube.com/watch?v=pjfRCrVfOzc
While I agree with his opinion about these « prop firms » that seem to pop up everywhere, his entire video is disqualified because :

- he claims FTMO requires the traders to make 10% per month which is wrong so he didn’t do his homework
- he tried the challenge himself, failed and made a video whining about it; if he had passed, would he still say it’s a trap?
- he is obviously promoting his own EA in the video and he does it in a sneaky way

I don’t like mediocrity.
Don't give up on your dreams. Keep sleeping.
  • #4,192
  • Oct 14, 2020 2:00pm Oct 14, 2020 2:00pm
Quoting navk
{quote} Day 1: 461 $ + Day 2: 1006 $ + Day 3: 1395 $ + Day 4: 2140 $ - Day 5: 1454 $ + Day 6: 1021 $ + Day 7: 720 $ + Day 8: 687 $ + Day 9: 719 $ + Day10 : 438 $ Day 11 : 1035 $ Total for 11 days : 6800 $ + 11 more days to go.

Well done. I will take the challenge after US election.
  • #4,193
  • Oct 14, 2020 9:58pm Oct 14, 2020 9:58pm
Quoting fx75
agree or disagree? https://www.youtube.com/watch?v=pjfRCrVfOzc
Nothing to respect. The video fools beginners. If he doesn't want to work with FTMO or any other prop firm, why talk smack about them? Oh thats right, to sell his own service and use their success so he can pop up in search results.

Look at the video, he doesn't have a profitable track record. He has glimpses of demos in small periods of being profitable, so he's updating myfxbook when it was convenient, just didn't update it after huge losses. Which he and his EA probably then wiped and moved onto a new broker/demo. It's actually quite pathetic. He blames belforFX, saying the account went belly up cause they were scammed, but the account shows it was able to withdraw over 500k USD. Belfor was a scam, yes, but it has nothing to do with that account. So I doubt the account is actually his to work with. Whats next? A $1,500 demo active for 1 year only produced 9% profit with a 6% drawdown. Then all the accounts are demos and backtest except one, an account for $1,800 thats barely more than three months old, wtf . Wasn't he just trading over 600k USD in 2015?

This is the awe inspiring opulence of a successful long term trader? He had to hide a small $1800 live account between demos and backtest? hehe . I bet he only has that money from Trump's stimulus check. He has to piece together trash just to fool enough people, but a suckers born everyday so someone will fall victim.

My advice. Don't run with the trader who has to put others down to appear on top. Let knowledge of the markets itself permeate your brain. Not theories or the usual quotes, and most especially not the "I'll make myself look great by convincing you someone else is bad" attitude.
The best strategy is a profitable one.
  • #4,194
  • Oct 15, 2020 1:57am Oct 15, 2020 1:57am
Quoting AnRan
{quote} Nothing to respect. The video fools beginners. If he doesn't want to work with FTMO or any other prop firm, why talk smack about them? Oh thats right, to sell his own service and use their success so he can pop up in search results. Look at the video, he doesn't have a profitable track record. He has glimpses of demos in small periods of being profitable, so he's updating myfxbook when it was convenient, just didn't update it after huge losses. Which he and his EA probably then wiped and moved onto a new broker/demo. It's actually quite...
As a trader, Cobby as we affectionately called him back when he started that thread, he has every right in the world to speak of his opinion about his experience.

I haven't heard of a rule anywhere that says you can only talk about a funded program only if you are successful.

He uses the phrase like "In my opinion" or "Based on my experience" and " The way I see it" or similar phrases and he also admits that there are traders who are trading under the restrictions successfully. It is his opinion for crying outload. He can talk about it. I am personally richer as a result of watching that video.

Another thing that he apparently is not supposed to do is to express his opinion while he is selling an EA. Only those who don't sell an EA can speak about an experience. Huh? How are you insinuating all these rules upon another trader?

AHA, you have the right to speak in such way because you have got it on successfully with the funding program. You are king of the jungle now with ultimate authority to state your position and say whatever you want and as a side of the sheer power that gives you, now you can refuse someone else's opinion.

BTW, even if someone is using their stimulus check for any purpose, it's not Trump's stimulus check. He's got no check to give someone. It's the money given out by the government of USA.
  • #4,195
  • Oct 15, 2020 2:30am Oct 15, 2020 2:30am
Quoting OutThere
{quote} As a trader, Cobby as we affectionately called him back when he started that thread, he has every right in the world to speak of his opinion about his experience. I haven't heard of a rule anywhere that says you can only talk about a funded program only if you are successful. He uses the phrase like "In my opinion" or "Based on my experience" and " The way I see it" or similar phrases and he also admits that there are traders who are trading under the restrictions successfully. It is his opinion for crying outload. He can talk about it....
Oh, he's more than welcome to say anything he wants. I didn't say don't say anything. I asked a question why would someone do it. He can say what he wants, but I'll equally call him out on his trash. So that gets rid of your pointless first 2 'paragraph' 'sentences' thing you have going on there. Should work harder on your comprehension.

If you are richer for having watched it, you gotta be pretty low to start! Whatever your birthday is, we know the fool born on that day.

And again, it just shows trashing FTMO is a way for him to sell his EA. If he really was so profitable, he'd have plenty of exposure with all the signal following services out there and successfully trading an upper six figure account. Instead he only has a measly 1800$ and demos, and gets upset cause he can't pass a challenge because he post 9% profit every year. Richer for having watched it huh? The irony!

I know where the money comes from, I pay taxes to that government, but its still his wonderful name on the checks, or so I've read. I earn above the range passed for it. The fact that you are so on the left is just another sign of how broke and unsuccessful you are. You and cobby boy deserve each other.
The best strategy is a profitable one.
  • #4,196
  • Oct 15, 2020 2:39am Oct 15, 2020 2:39am
Quoting OutThere
{quote} As a trader, Cobby as we affectionately called him back when he started that thread, he has every right in the world to speak of his opinion about his experience. I haven't heard of a rule anywhere that says you can only talk about a funded program only if you are successful. He uses the phrase like "In my opinion" or "Based on my experience" and " The way I see it" or similar phrases and he also admits that there are traders who are trading under the restrictions successfully. It is his opinion for crying outload. He can talk about it....
where exactly did Anran chastise him for just giving his opinion? free speech right? Anran simply gave his opinion about the said youtuber's opinion just like you're giving your opinion about his, or does it only work when the opinion is positive and inline with your own views? lmao
  • #4,197
  • Oct 15, 2020 2:47am Oct 15, 2020 2:47am
Quoting AnRan
{quote} Oh, he's more than welcome to say anything he wants. I didn't say don't say anything. I asked a question why would someone do it. He can say what he wants, but I'll equally call him out on his trash. So that gets rid of your pointless first 2 'paragraph' 'sentences' thing you have going on there. Should work harder on your comprehension. If you are richer for having watched it, you gotta be pretty low to start! Whatever your birthday is, we know the fool born on that day. And again, it just shows trashing FTMO is a way for him to sell his...
Nice try.

When I said he has the right to speak his opinion, that vided your whole argument right there.

Then you copy me and claim you are the one allowing rights for everyone to speak. They teach that at Trump university obviously.

Have you ever heard that they have invented demo accounts and everyone is allowed to point to a demo account if they want to talk about trading? Or is that not allowed either?

What is the new rule? Only holders of large real accounts can talk about trading now?

Yes, I do care about the poor and disadvantaged and also realize that the majority of tax dollars are derived from that population because they form the majority of tax payers by far. They are the ones who supplied the money to the government. Trump is a temporary custodian of the people's government. Beats me why but it is what it is. A name on a check impresses you? Who cares about your tickles and giggles?

Stop talking about stupid political leaders. You started it, now you can stop it. It's not the place for it.
  • #4,198
  • Oct 15, 2020 2:51am Oct 15, 2020 2:51am
Quoting OutThere
{quote} Nice try. When I said he has the right to speak his opinion, that vided your whole argument right there. Then you copy me and claim you are the one allowing rights for everyone to speak. They teach that at Trump university obviously. Have you ever heard that they have invented demo accounts and everyone is allowed to point to a demo account if they want to talk about trading? Or is that not allowed either? What is the new rule? Only holders of large real accounts can talk about trading now? Yes, I do care about the poor and disadvantaged...
You basically just proved my point. Enjoy being a failure.
The best strategy is a profitable one.
  • #4,199
  • Oct 15, 2020 2:53am Oct 15, 2020 2:53am
Quoting Koop
{quote} where exactly did Anran chastise him for just giving his opinion? free speech right? Anran simply gave his opinion about the said youtuber's opinion just like you're giving your opinion about his, or does it only work when the opinion is positive and inline with your own views? lmao
Here: "Nothing to respect. The video fools beginners. If he doesn't want to work with FTMO or any other prop firm, why talk smack about them? Oh thats right, to sell his own service and use their success so he can pop up in search results."

So, according to him, the only reason he talked about his experience was to sell his own service.

That says to me if you are selling an EA on the side, you shouldn't be talking about your completely separate issue of your experience.

The two are not related. DUH.
  • #4,200
  • Oct 15, 2020 2:54am Oct 15, 2020 2:54am
Quoting AnRan
{quote} You basically just proved my point. Enjoy being a failure.
Glad you too learned something from Cobby posting a video about his experience. Congratulation.
3 traders viewing now