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  • #4,221
  • Oct 15, 2020 5:49am Oct 15, 2020 5:49am
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.
in an unfortunate event yesterday, I almost gave up all my profits but with some few hundread dollars positive.

Hardly 10 days left, so I shall continue my challenge after present challenge period is over.

No fee need to be paid though.
Intraday only.
  • #4,222
  • Oct 15, 2020 5:52am Oct 15, 2020 5:52am
Quoting Koop
{quote} Lmao More demo accounts. You're comfortable with having a 21k floating loss on a 42k balance? around 50% DD? cool, anyone can sit comfortably and watch that happen on a demo account, i'll be waiting to see you do it on a Live one. Either ways, its all good if you're happy trading with 50% DD so long as you make profits, which its the ultimate goal, but not everyone is that loose or accommodating on risk. 100% profits on a 10k account with such large risks TAKEN WITH YOUR OWN MONEY is still absolutely nothing compared to 15% on...
the risk is 640 USD which is also refunded with profit. Compare that with 10K USD.

I guess it is roughly a Zero Risk.
Determination + Persistence = Success
  • #4,223
  • Edited 9:33am Oct 15, 2020 5:55am | Edited 9:33am
I don't believe any trading youtuber teachings, and would recommend even less that one in particular, it's a proven fact that that guy lost tons of money for his investors a few years ago with his EA. I can't remember exactly but I believe his managed account dropped 90% and he sure looked devastated as he posted a video announcing that he was quitting forex trading. At the time I felt sorry for him but at least he was having some dignity and reflecting honestly about his inability to trade. No wonder he can't pass the challenge. Funny that he came back... I guess he's one of those who can't stay away from the spotlight of the Internet because he knows it all, has years of experience losing and apparently needs to help the world somehow. I still feel sorry for him and the worn out image that he conveys. I don't mean to offend or criticize, just to highlight a red flag.
By the way, nobody who has a solid and profitable EA will sell it to the public, as one can trade off of it or just do direct business with investors and financial companies to access bigger capital.
  • #4,224
  • Oct 15, 2020 6:05am Oct 15, 2020 6:05am
Hello Everyone,
We hope you noticed a significant improvement in our infrastructure during the past weeks. We haven’t registered any major issues on any of our platforms and the delays of MetriXes are becoming rare as well. We also just rolled out 22/5 Live Chat (Chat is now available from 03:00 to 01:00 CEST) so people the trading peak times are covered now. Due to the system not allowing finishing chats that are in a queue while turning off the new incoming chats, it is possible that someone waiting in a queue prior to 01:00 will get cut off at that time. We aim to roll out 24/5 support soon and 24/7 support a bit further in the future.

I see Out There divided the community a little. Once again, we would like to respectfully ask everyone to focus your posts on FTMO related posts and trading content rather some personal shootouts.
You were discussing our setup with Challenges, our restrictive rules and many other aspects. Let us address it in general before answering the specific posts.
As you all know, trading is not for everyone and markets spit out most of the traders who attempt trading their own capital. Many people fail our Challenge, but all aspects of our product and services are explained in exhaustive details throughout our website and instructional videos and we are 100% transparent. It is everyone’s voluntary choice whether to take on our Challenge or not. We are not trying to market our product to the general public but are looking for experienced traders. To the traders that fit our requirements, we offer exceptional possibility to take their trading career that many could only dream of without a prop firm to back them up.
To make it even easier for everyone, we provide Free Trial accounts where anyone can test their skills, get to know our platform and all the offered instruments and so on. Moreover, if you do not generate the Profit Target (which we know is not easy) but meet all other Trading Objectives and end your Challenge in at least some profit, we give you a free repeat of the Challenge. We believe that our conditions are more than fair.
5% loss a day sounds too tight of a limit? Would you be happy to lose 10% or 20% a day if it was your capital? Psychology plays a major part in trading and losing too much too quickly usually leads to even deeper losses. Mature traders should understand that this rule is there to protect both their and our interests and internalize this rule for their own good. We can provide large capital to trade with and a simple and clear set of rules to follow. If you overleverage your positions and breach the rules, you should not blame us for that.
Lastly, to comment on Ryan’s video: In our opinion, he is just a marketer who is using our publicity to propel his business forward - selling his EA. All our rules have been extensively explained here so no need to repeat that I assume. Due to privacy laws, we can’t share anything about his trading with us. Do you guys know a single professional trader who works on 1 small monitor?

Now let’s address your specific questions and posts you discussed since our last presence:
Quoting OutThere
{quote} When did I say everyone has 300K? You need 300K to trade? Do they hand you 300K right away or after many months/years? Okay, you're saying eventually you will have 300K if like a good boy, you have traded their terms and consistently been given extra capital without violating their terms even by 1 cent. So, you are really saying that because you need 300K, you are willing to do as they say. I personally don't need 300K. Far from it. So far that I don't need to abide by their terms. In fact, if they offered me 300K today, I'd cut them only...
hello OutThere, If you are an experienced and profitable trader, you can trade our $300k in as little as roughly 1 month (10 Active Trading Days for Challenge, 10 Active Trading Days for Verification and some extra time to allow for our team to check your trading, prepare the accounts, sign the contract with you and possibly other details). 3 months top if you take it the slow way and definitely not years. You are free to trade your own account, but there you are risking your own capital and that adds tremendous psychological strain to most people. Once you are given our account to trade, you are trading relatively risk-free as we cover the losses if you breach our rules and lose the FTMO Account. That is a huge bonus as you can dedicate your mental capacity to your trades rather than worrying about losing your own capital. Unnecessary to say, lots of talented traders do not have a couple hundred thousand dollars to spare to capitalize their live account with. If you can return 5% a month from $300k, you are doing quite alright nearly anywhere in the world. If you return 5% on your $5k account, you can’t even pay your rent in most developed countries.

Quoting 4for4
Do they allow micro lot-size (0.0x)?
Hi 4for4,0.01 lot increments are available on all instruments offered so you should have no problem adjusting your trade positions. Feel free to register for a Free Trial where you can test anything free of charge.

Quoting Atenoip
On their site on scaling plan page, they don't talk about maximum capital allocation at all. Otherwise, on "How many accounts can I have?" page, you can read: "the maximum allocation per trader or strategy is $300,000 once you become our FTMO Trader ..... This is due to a risk diversification as we don’t want to allocate a big portion of our investment on one card.... If we discover the identically traded strategies throughout various accounts and exceeding $300,000 in the allocated capital value, we reserve the right to suspend those accounts as...
Hi Atenoip, Thank you for bringing that up, We have changed the wording so it is clear that the $300k maximum capital allocation is meant prior to scaling up of the account. I think I posted it here a few times already, but to clarify further: We have $300k (or equivalent in other currencies - €240k, £210k or CZK8M) maximum capital allocation to one trader/trading strategy prior to scaling. This means that even if you pass Verifications of combined capital of $500k, we will not assign you FTMO account(s) larger than combined $300k as we need to diversify a risk to our capital. If you prove to us that you are consistently profitable trader, we will assign you more capital every time you meet the criteria for Scaling (https://ftmo.com/en/scaling-plan/).
There is no maximum capital allocation limit for scaled-up accounts.

Quoting Atenoip
To be a profitable trader you need technological instruments, scientific background, A LOT of study, a lot of time, capitals and much more. I don't think that kind of skills are compatible with a third word unlucky guy but maybe I'm wrong...
You might be surprised, but many of our veteran FTMO Traders are from Asia and Africa and they return good % month on month. There are a lot of people out there and many of them had time and dedication to perfect their trading skills. They just lacked capital until they found our company.

Quoting Phylo
Copy and past from a previous post Quoting Phylo In a complex system there can be multiple server utilizations - which specific servers does the above refer to ? The questions here are Regarding these specific servers - what is their utilization ? The impression is that they are FTMO servers not LMAX servers ? Regarding these specific servers - are they maintained in house by FTMO on FTMO premises ? Regarding these specific servers - are they located in outsourced Data Center and if so then the Data Center will be responsible for infrastructure...
Hi Phylo, We do not wish to publish more details about our servers as hackers often like to play games with us. Some of our infrastructure runs on in house servers and some is outsourced elsewhere. The infrastructure went through multiple upgrades recently and more are to follow, but we wish to be careful about the details we provide to the public.
As for the tick values, I have filed a request with our technical department to investigate the case again. Would you mind writing us an email to [email protected] and ask for the email to be transferred to Tomas Riha so the email finds me? I can put you in touch with our technical department directly rather than going back and forth here? It would be much easier and faster too. Thank you!

Quoting bojack34
"We have decided to leave the Max Daily Loss set statically at 5% of the account’s initial capital" So this has changed. It used to be the Overall Max DD of 10% was set statically at 10% of the accounts initial capital. The Max Daily Loss of 5% used to be set according to your "current" daily account balance. So now, if you choose to leave 20k of profits in your account. Your new account balance would be 120K but your Max Daily Loss will remain at 5% of your initial capital. So your Max Daily Loss will remain 5k. That means your new Max Daily Loss...
Hi Bojack34, We never had the Max Daily Loss limit dynamically set based on the current account equity.

Quoting fx11trade
Has it happen to anyone that the Metrix shows that I have violated the Daily loss, but I have been monitoring it live and I haven't violated it, I have been monitoring it live? Did this happen to anyone and if then they could check it and fix it?
Hi Fx11Trade, If you were just on the border of breaching the Max Daily Loss and on some volatile move the price ticked to cause your breach, you might not have even noticed (as the price might have ticked to cause the loss during few milliseconds and then return back). With that said, no system is 100% and we can’t rule out a system error without further investigation. If you have any suspicion that the values as recorded by your MetriX are not correct, please report it to us to [email protected] and we will carry out a thorough investigation of your case calculating all positions and account values at the time of the recorded breach and provide you with the conclusion of the investigation. If the investigation uncovers any errors in your MetriX we will fix it accordingly.

Quoting KarlKraus
{quote} Understating, actually. I think you guys maybe don't appreciate quite how many of these retail funding firms there are, these days. It's becoming a really competitive market, which is why working technology and reliable customer service are so important. {quote} Easily. Can you? Obviously they're not all identical in what they offer and their rules, but broadly speaking, the competition includes TopStepTrader and TopStepForex (those are two different programs but jointly owned), Earn2Trade, TraderDock, Trader2b, MainStreet, Leeloo, CityTradersImperium,...
Hi KarlKraus, The first stage is called a Challenge for a reason and I have addressed that point in the overall summary at the top of my post.
We strive for perfection at all times and we now have customer support present on Live Chat 22/5, so we made good progress on this front and plan further improvements in the near future. I have reviewed a queue times on Live Chat for the past week and it has topped with waiting time under 5 minutes during peak times.

Quoting SJZ
{quote} Hi! Gratz on your FTMO. May I ask how do you change your broker in FTMO to allows you to trade on US30? I am thinking of taking up the challenge but couldn't find any information to trade on US30.
Hello SJZ, You can find US30 under WS30 in our FTMO Platform. If you have any further questions, feel free to shoot us an email to [email protected] or ask the question on our Live Chat for a timely response.

Quoting Quickly
{quote} There are. I've been researching them recently for my daughter. There are several more, too. {quote} Exactly. 10% in a calendar month is incredibly demanding, and promotes reckless trading. People can decide for themselves whether the company's trying to attract serious, safe traders or to pocket the fees of the 92% who fail the appraisal because it was designed to attract that sort of trader. I found what looks like a good one, long-established and very publicly accountable (much more so than FTMO) with a 6% target and no time-limit to...
Hello Quickly, I understand the kind of message some clients might read out of this issue, but frustratingly enough for us, there is no quick solution to the problem. As I explained in my previous post, the provider of our email and chat interface (that we heavily rely on and can’t just abandon) does not have the possibility to finish the queue of the chats while not accepting new incoming chats, which is the core of this issue. The only solution then is to have the chat open without any interruptions, but it is not easy to hire and train staff appropriately as quickly as we would like. As detailed above, we now have a live chat break only from 1 am to 3 am CEST time and hope to eliminate this last gap soon as well, which will resolve the issue altogether.
This thread was started to explain publicly the details of our system and rules, not really to respond to every single post within a day or two. Please keep that in mind. If you have any time-sensitive matter to solve, please contact our customer support directly, where we can provide an answer in a timely manner. The chat issue was brought up only a few weeks ago and we responded as quickly as possible. Writing here that our competitors have no problem is a bit of an empty statement. We are just public and transparent and have this forum for you to be able to hold us accountable and for us to provide further clarity to our traders. Since we have this forum, people report the issues here and thus these issues are documented and everyone coming here can read about them, while the issues of our competitors are not brought up. As any company grows, the services are being added and improved. By your logic, we should provide all possible services and products before going out to the market, which clearly was not possible for us as we grew from a small company organically through the time.
Note that we see this thread more as an extended and interactive FAQ rather than a marketing channel. Anyways, I will bring your concern to Otakar to review whether we wish to become more interactive here.

Quoting GodRa
FTMO, when will you change the rules to allow us to hold over he weekend?
Hello GodRa, We are in the process of implementing new technology, which should allow us to let traders hold certain positions through the weekend. This must be handled with the utmost care and it will take us some time. This change can be very risky and we might still decide not to implement it in case we wouldn’t be fully protected from large losses.

Quoting OutThere
It has been a while since I read FTMO's terms and conditions and I don't feel like looking again, so I might be off on some of my assumptions. If I am wrong in my assumptions, just consider this a post that promoted FTMO aka advertisement. So, FTMO, you welcome. I also know only one consistently profitable trader who trades for FTMO and has been for a long time and is very happy about it. I assume after months and years of being profitable, he is getting more and more funding and as a result making more money for himself. So, traders like that do...
In the imaginary world, it would be possible to do it, but in the real world, it is not possible. You just cannot buy/sell 100x times more as there wouldn’t be enough liquidity. You wouldn’t get the fill at a desired price. Big players are accumulating positions for days and weeks. FTMO is a short-term player where price difference plays a major role. We distribute our capital among many as we prefer smaller return at low risk from to possible higher return with higher risk.
All that is irrelevant to you as a trader though. If you wish to trade our capital, we have to have the overseeing capability over your trading so we can manage risk our capital is exposed to. If you are not happy about that just do not join the evaluation process.
If we follow your parallel you made multiple times in your other posts, every employed person in the world is a *** (as you call them) as they get a reward by providing certain value while having to behave in a certain way. We believe our offer is a huge opportunity for many talented traders.

Quoting OutThere
{quote} They don't allow limit orders. They kinda do but they don't allow them during news. I trade multiple pairs and they have news of various kinds all the time. I basically am allowed to use market orders only. So, what is a limit order? It is for those of us who don't really think the current price is quite right yet. Maybe a better price is around the S/R. Maybe it is where you have projected it to be. Why the dude that operates any of these basically loan shark places can dictate to me that I need to enter at market price? That requires me...
You are quite incorrect with this post. Limit Orders are allowed and your point about restrictive news being there all the time is absurd. As you can see in our Economic Calendar (https://ftmo.com/en/calendar/) This week, there are only 4 restrictive news events:
13.10 at 11:00 ZEW Economic Sentiment – which only prohibits positions in DAX.
15.10 at 02:30 Australian Employment Change – which prohibits trading of currency pairs containing AUD.
15.10 at 16:30 Natural Gas Storage report – which prohibits trading of natural gas.
15.10 at 17:00 Crude Oil Inventories – which prohibit trading of crude oil.
As you can see you can have absolute most of the limit orders up all week and you just need to make sure not to have limit orders on impacted symbols during these times. The restricted news are clearly listed in our Economic Calendar, we send email notifications about these a day ahead to all our FTMO Traders and there is a news release countdown in your client area too. We go out of our way to provide you with the necessary information and there is very few news that we consider restrictive. Why we do not allow trading news we explained exhaustively in past too. Demo accounts often have very different results during highly volatile moves and thus the results can’t be properly replicated on our live accounts.
We kindly ask you to respect the thread and keep your posts trading related. Thank you!

Quoting skyf
{quote} That's understandable but when an account is traded with very small lots gaps can be negligible especially with the 5% daily condition in place already.
Hi Skyf, Please understand that you might not be only one with the same idea for a weekend trade. Suddenly instead of the position of 0.5 lot held through the weekend, we could be 100 lots (or 1000, 5000, etc.) in a trade which could gap 2 or more percent against us. For many traders, the gambling side of trading is quite attractive especially as it is not their capital at the line and we often see positions of dozens of lots even on FTMO Accounts. The risk just isn’t worth it for us.

Quoting moodybot
{quote} Pass the challenge/verification and the fee is returned. So, could someone take the smallest entry fee, reinvest into further challenges, work their way up to 100,000 and then some? With FTMO returning each challenge fee on successful completion, is it theoretically possible to work up to a sizeable account, $300,000 and scale 25% every four months if criteria are met, the cost would be in time which of course is valuable but ultimately cash free? Did you start with $100,000? Most I would expect do not have a spare $100,000 lying around,...
Hi Moodybot, Just a little correction to your post: The fee is returned together with the first Profit Split, not straight after passing the Verification. Traders can also opt for a new Challenge rather than getting their fee refunded and thus work their way to increase the capital they manage.

Quoting mtako
{quote} The vast majority of strategies I have come across have so very high drawdowns (10%+)to make it profitable enough, that FTMO is just not doable, if that's all you have. So many strategy have excellent results for years, but to make a decent living with it(for some), you need to risk enough and that gets you the +10% drawdown guaranteed. I believe this good guy above would've been much more persuasive if he focused on that aspect of it. Going from strategy to strategy and concretely showing us how it would all go down with the facts, month...
Hi Mtako, I remember how hard it is to get out of 20+% DD. The mental stress and the necessity to perform is so high it often clouds even calm person’s judgement. We put our funds on the table and 10% of the initial capital is where we draw the line. Traders can create a buffer for themselves and leave whatever amount of their share of profits they prefer in the account. Bad streaks do come, but it is rare to have one straight from the beginning, so I think traders do have the option to prepare. Then there is the question of the position sizes. If you use 2%, you can only afford 5 losing trades and the 6th must go into profit without nearly no DD to avoid hitting Max Loss limit. If you use 0.2% per position, you can lose 52 trades in a row before hitting Max Loss. Now if you have a buffer of your profits, there should be plenty of space for bad streaks. If you want to grow your own capital, you will have to be very patient and trade it year after year. Why not taking larger capital, being patient with it too. Note that the position sizes described here are merely to illustrate the point, I’m not making any official recommendations for position sizing.


Congratulations to Xpoiled7 to reaching his first Profit Split!
Wishing a nice and profitable week to all of you,
Tomas
  • #4,225
  • Oct 15, 2020 8:44am Oct 15, 2020 8:44am
Quoting Tomas-ftmo
Hello Quickly, I understand the kind of message some clients might read out of this issue, but frustratingly enough for us, there is no quick solution to the problem. As I explained in my previous post, the provider of our email and chat interface (that we heavily rely on and can’t just abandon) does not have the possibility to finish the queue of the chats while not accepting new incoming chats, which is the core of this issue. The only solution then is to have the chat open without any interruptions, but it is not easy to hire and train staff...

Ok Tomas. Thanks for taking my comments seriously and responding.

I accept what you say, and the move to 22/5 support is clearly a big step in the right direction.
  • #4,226
  • Oct 16, 2020 3:21am Oct 16, 2020 3:21am
some kind of magic switch with ftmo servers....WS30
9.15 am charts freeze again, sick of it now.
on a postive roll...
  • #4,227
  • Oct 16, 2020 4:15am Oct 16, 2020 4:15am
Quoting Rmg
some kind of magic switch with ftmo servers....WS30 9.15 am charts freeze again, sick of it now.
For me its server time 10:05, but yes, it disappears for 20 minutes again. So looking at history for you, it does this every day at the exact same time. Send them a message about it. I think its their LP, they'll need to contact them. Something is switching in bridge and its gone unnoticed.
The best strategy is a profitable one.
  • #4,228
  • Oct 16, 2020 4:20am Oct 16, 2020 4:20am
Quoting AnRan
{quote} For me its server time 10:05, but yes, it disappears for 20 minutes again. So looking at history for you, it does this every day at the exact same time. Send them a message about it. I think its their LP, they'll need to contact them. Something is switching in bridge and its gone unnoticed.
I am sure they will pick from it here... can't bother sending them a message. Shouldn't happen in first place.
on a postive roll...
  • #4,229
  • Oct 16, 2020 4:42am Oct 16, 2020 4:42am
Quoting Rmg
{quote} I am sure they will pick from it here... can't bother sending them a message. Shouldn't happen in first place.
Gotcha. I know it affects you psychologically at the least. Can also cause changes in the way indicators are calculated. Hope its not having a major effect on your trading until they fix it.
The best strategy is a profitable one.
  • #4,230
  • Oct 16, 2020 5:04am Oct 16, 2020 5:04am
Quoting AnRan
{quote} Gotcha. I know it affects you psychologically at the least. Can also cause changes in the way indicators are calculated. Hope its not having a major effect on your trading until they fix it.
Worked for me today, Stop-loss not triggered.
Can't expect the same next time. I don't use indicators but I will keep adjusting my stops as PA suggests.
on a postive roll...
  • #4,231
  • Oct 16, 2020 5:10am Oct 16, 2020 5:10am
US100 has been off by 5m for weeks now and WS30 off by 30m for the past week. Scalping the 1m candle makes no difference but really throws off the TA on higher time frames.
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Trade with confidence, trade without fear.
  • #4,232
  • Oct 16, 2020 7:16am Oct 16, 2020 7:16am
GU today, my stop-loss was triggered roughly 56 pips beyond its price!
Even if due to spread widening on volatility spikes it's a really awful execution IMO.
From my experience, most brokers would have slipped 10/15 pips at most on this move, but I didn't have any trades opened on other brokers so I can't compare.
This is a TRIAL account and I'm still holding from doing any challenge yet until all technical glitches are resolved.
So, I'll wait.

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  • #4,233
  • Oct 16, 2020 7:32am Oct 16, 2020 7:32am
Quoting tradista
GU today, my stop-loss was triggered roughly 56 pips beyond its price! Even if due to spread widening on volatility spikes it's a really awful execution IMO. From my experience, most brokers would have slipped 10/15 pips at most on this move, but I didn't have any trades opened on other brokers so I can't compare. This is a TRIAL account and I'm still holding from doing any challenge yet until all technical glitches are resolved. So, I'll wait. {image}
Is that FTMO platform? That kind of thing shouldnt happen on a demo account.... Is there a price GAP?
  • #4,234
  • Oct 16, 2020 7:36am Oct 16, 2020 7:36am
Quoting IveGotQuads
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. {image} {image}
Update: I failed the verification process. Old patterns came back, made all the wrong decisions I could think of. Increasing lot size, moving stop loss, revenge trading, self sabotage, fear of missing out etc. I believe the FTMO process is doable, just not as easy as it looks and takes an extraordinary amount of focus and discipline. Probably might want to not look at other peoples "quick" accomplishments because that can affect you negatively psychologically if you aren't strong enough to resist the temptation. Ive deposited 2k in a live account and will work on my self discipline. Hope to retake the whole process in maybe 6 months. Good luck to the rest of you all and I will continue to monitor the thread.
  • #4,235
  • Edited 8:26am Oct 16, 2020 7:46am | Edited 8:26am
Quoting maflip
{quote} Is that FTMO platform? That kind of thing shouldnt happen on a demo account.... Is there a price GAP?
Yes its the FTMO platform and I don't see any gap in price (see 1m chart below)

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  • #4,236
  • Edited 8:33am Oct 16, 2020 7:54am | Edited 8:33am
Quoting IveGotQuads
{quote} Update: I failed the verification process. Old patterns came back, made all the wrong decisions I could think of. Increasing lot size, moving stop loss, revenge trading, self sabotage, fear of missing out etc. I believe the FTMO process is doable, just not as easy as it looks and takes an extraordinary amount of focus and discipline. Probably might want to not look at other peoples "quick" accomplishments because that can affect you negatively psychologically if you aren't strong enough to resist the temptation. Ive deposited 2k in a live...
Sorry to hear, but that's perfectly normal as you're under stress to perform. I tested the waters myself a couple months ago and forked a hundred on a 10K challenge, the same happened exactly. I am an automated trader but tried to go for it manually and did all the "lack of discipline" mistakes trying to rush it. The funny thing is, I'm absolutely sure that I'd pass if only I was patient enough and stick to the 30 days with a relaxed attitude of grinding it. Taking it *really slow* is really hard!
Anyone who trades manually must absolutely test himself over and over again on staying disciplined no matter what before going for the real deal. Until you are totally comfortable with adding to your account, little by little day after day, and not care about the profit goal, just do your thing according to your plan, no rushing, then you should not even think of taking any challenge whatsoever.
Best of luck on your retry.
  • #4,237
  • Oct 16, 2020 7:55am Oct 16, 2020 7:55am
Quoting tradista
GU today, my stop-loss was triggered roughly 56 pips beyond its price! Even if due to spread widening on volatility spikes it's a really awful execution IMO. From my experience, most brokers would have slipped 10/15 pips at most on this move, but I didn't have any trades opened on other brokers so I can't compare. This is a TRIAL account and I'm still holding from doing any challenge yet until all technical glitches are resolved. So, I'll wait. {image}
yeah that was definitely outrageous. I was stopped out on a GU short on my Global Prime live account with a 10 pips slippage. I believe pepperstone would have been less than that, usually less than Global prime. This Lmax LP could definitely be replaced.
  • #4,238
  • Oct 16, 2020 8:00am Oct 16, 2020 8:00am
Quoting IveGotQuads
{quote} Update: I failed the verification process. Old patterns came back, made all the wrong decisions I could think of. Increasing lot size, moving stop loss, revenge trading, self sabotage, fear of missing out etc. I believe the FTMO process is doable, just not as easy as it looks and takes an extraordinary amount of focus and discipline. Probably might want to not look at other peoples "quick" accomplishments because that can affect you negatively psychologically if you aren't strong enough to resist the temptation. Ive deposited 2k in a live...
Sorry to hear that. Do what you must and return better.
  • #4,239
  • Edited 8:13am Oct 16, 2020 8:01am | Edited 8:13am
Quoting Koop
{quote} yeah that was definitely outrageous. I was stopped out on a GU short on my Global Prime live account with a 10 pips slippage. I believe pepperstone would have been less than that, usually less than Global prime. This Lmax LP could definitely be replaced.
I agree, 10 pips is an acceptable slippage and willing to take that loss, but +50 pips is NOT, on such a small spike. I can't even imagine what can happen during an NFP announcement with LMAX!
  • #4,240
  • Edited 8:38am Oct 16, 2020 8:28am | Edited 8:38am
Quoting tradista
GU today, my stop-loss was triggered roughly 56 pips beyond its price! Even if due to spread widening on volatility spikes it's a really awful execution IMO. From my experience, most brokers would have slipped 10/15 pips at most on this move, but I didn't have any trades opened on other brokers so I can't compare. This is a TRIAL account and I'm still holding from doing any challenge yet until all technical glitches are resolved. So, I'll wait. {image}
Hi Tradista

I was trading on M1 around the time of that spike on two other broker platforms. The move took about 0.02 of a second to run 57 pips so it would have been impossible for any platform to close any trades during that split second. I hit close on a Go Markets MT4 server near the bottom when the speed slowed down enough enabling my platform to close a trade that was in profit. Yes, I got luckily from a news spike.
So don't blame the server controlling the Trial account, it was a massive surge from the major players closing their own orders first after Brexit comments were made. Our orders sit at the end of a crew and of no importance to them during urgency.

Cheers
Trading thin liquidity at the boundary of the charts
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