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FTMO - For serious traders

  • #4,281
  • Oct 18, 2020 11:03pm Oct 18, 2020 11:03pm
What happens if i sign up and loose the objective will my fee be refunded.
Titan Black
  • #4,282
  • Oct 18, 2020 11:05pm Oct 18, 2020 11:05pm
Quoting collosangy05
What happens if i sign up and loose the objective will my fee be refunded.
Maybe visit the site and read the rules. Short answer - no.
  • #4,283
  • Oct 18, 2020 11:05pm Oct 18, 2020 11:05pm
Quoting collosangy05
What happens if i sign up and loose the objective will my fee be refunded.
Of course! And they'll also send you additional $1000 to help you with your life
It's never too late to make a bad trade!
  • #4,284
  • Oct 19, 2020 3:18am Oct 19, 2020 3:18am
Quoting mastersplint
love it, servers are down again, why do they always have these issues, these are not the standards any prop firm or broker should be providing. I have an account with Global prime as well and no isses as they are a good broker and have a good platform.
Instead of trying to resolve all these trading platform issues for so long, wouldn't it be better if they just went back to offering multiple broker options with better liquidity providers? This doesn't seem so hard. Funding talent with their weird ass funding model that ensures they actually don't risk any of their own funds, offer multiple broker options, so it shouldn't be that difficult.

Funny thing is i personally am yet to experience any of these issues with FTMO (except for an ignored SL which actually favoured me when price reversed immediately, but could have been bad on a bad day).
  • #4,285
  • Oct 19, 2020 3:19am Oct 19, 2020 3:19am
Quoting paxilein
{quote} Of course! And they'll also send you additional $1000 to help you with your life
hahahaha
  • #4,286
  • Oct 19, 2020 8:25am Oct 19, 2020 8:25am
Quoting AnRan
{quote} I could honestly tell because you are talking as if demo and live are the same, they are not the same. They closely resemble in price, but they do not resemble in execution, whether its market execution, pendings, tp, or SL. I'll give you an example, if I opened 100 lots on EU at 1.12000, on a demo it would open at the spread cost, so 1.12001, but on a live account there would be slippage because the liquidity provider has to process that volume, so your entry would be more like 14 pips higher, like 1.12141. Even though you have a spread...
Excerpts from Live Chat :

Koop :

Alright. Lastly
i"m experiencing really terrible slippage on my FTMO trial account and i see a ot of challenge traders complain about the same thing
13:30

FTMO Rep :

To provide some clarification, all our demo trading accounts have live market execution model. This may include slippages, both negative and positive, depending on the available counter-order in the real markets. If you run the same strategy on our FTMO Account or any live account for that instance, the results should be identical. This is how execution in live markets work, and there is no workaround. We cannot guarantee instant orders execution and fills, simply because that is not how the live markets work. The live execution model will not influence your profitability in any way if your trading system or strategy is robust enough, usable and compatible with the real trading environment. Remember that we need to be able to generate the same profits on our live corporate accounts, same as you make on your FTMO Account. This is the fact that traders have to embrace, just as thousands of other traders who trade with the same conditions in real markets.
13:30


Koop :

slippage of up to 60 pips
13:31


FTMO Rep :

Every broker offers different trading conditions and prices may vary based on several factors (the current market liquidity and spreads, data feed source, server location, exchange supplier, etc).
Instances like SL not being filled in on the exact price where you have set it or SL not being triggered is a circumstance which commonly occurs with retail brokers. This may be caused by price gaps, slippages, sudden spikes or high volatility, and variation of spreads during certain news releases, increased volatility or rollovers.
13:34

Koop :

I totally understand this, but it's a cause for concern when i'm getting a 10 pip sippage on my live account with another broker but FTMO account records a 60pips slippage
13:35
Also, what you're saying slightly contradicts whats stated on the website regarding Demo and your live trading accounts
FTMO cites the differences in DEMO and LIVE trading accounts execution as the major reason why news trading is prohibited
13:36
saying that Demo execution will not reflect what happens on the live account
13:38

FTMO Rep :

Please note that our DEMO accounts run on the same servers as LIVE, so it the real market execution
for this reason, there are slippages, spreads, swaps, etc.
  • #4,287
  • Oct 19, 2020 8:56am Oct 19, 2020 8:56am
Lol. Wajinga nyinyi
Titan Black
  • #4,288
  • Oct 19, 2020 9:38am Oct 19, 2020 9:38am
Quoting Koop
it's a cause for concern when i'm getting a 10 pip sippage on my live account with another broker but FTMO account records a 60pips slippage

So they didn't even TRY to respond to that point?

Why am I not surprised?
  • #4,289
  • Oct 19, 2020 10:21am Oct 19, 2020 10:21am
Quoting KarlKraus
{quote} So they didn't even TRY to respond to that point? Why am I not surprised?
Lol actually they did, after i suggested partnering with better LPs. The person just repeated what's been said here many times; "We're working on it".
  • #4,290
  • Oct 19, 2020 11:36am Oct 19, 2020 11:36am
Quoting Koop
The person just repeated what's been said here many times; "We're working on it".

Lol, you have to credit their consistency, anyway: they've been saying that for 3 years, now.
  • #4,291
  • Oct 19, 2020 12:12pm Oct 19, 2020 12:12pm
Quoting Koop
{quote} Lol actually they did, after i suggested partnering with better LPs. The person just repeated what's been said here many times; "We're working on it".
which pair had 60 pips slippage?

Why don" t you trade just majors and gold ?
Intraday only.
  • #4,292
  • Oct 19, 2020 12:17pm Oct 19, 2020 12:17pm
[quote=Koop;13221037]{quote} Excerpts from Live Chat : Koop : Alright. Lastly i"m experiencing really terrible slippage on my FTMO trial account and i see a ot of challenge traders complain about the same thing 13:30 FTMO Rep : To provide some clarification, all our demo trading accounts have live market execution model. This may include slippages, both negative and positive, depending on the available counter-order in the real markets. If you run the same strategy on our FTMO Account or any live account for that instance, the results should be identica

Attention Koop, you are entering 2nd a level of "bitching", let's call this level "WTF, FTMO?"
Warning. Next level will be "FTMO, WTF?"
  • #4,293
  • Oct 19, 2020 12:58pm Oct 19, 2020 12:58pm
Quoting navk
{quote} which pair had 60 pips slippage? Why don" t you trade just majors and gold ?
it was a major, GBPUSD.
  • #4,294
  • Oct 19, 2020 1:01pm Oct 19, 2020 1:01pm
Quoting driven18
Quoting Koop
{quote} Excerpts from Live Chat : Koop : Alright. Lastly i"m experiencing really terrible slippage on my FTMO trial account and i see a ot of challenge traders complain about the same thing 13:30 FTMO Rep : To provide some clarification, all our demo trading accounts have live market execution model. This may include slippages, both negative and positive, depending on the available counter-order in the real markets. If you run the same strategy on our FTMO Account or any live account for that instance, the results should be
...
haha, I'm still ride or die. I just want to be sure that if i ever fail or breach limits, it would be at least 90% my fault.
  • #4,295
  • Oct 19, 2020 1:17pm Oct 19, 2020 1:17pm
Quoting Koop
{quote} it was a major, GBPUSD.
hmm...

I trade gbpusd only.

Never had big slippage... or may be did not notice.

When I trade, it was never more than 0.5 pip for gbpusd.

In Asia, there is chance for big slippage.

Was it in Asia ?
Intraday only.
  • #4,296
  • Oct 19, 2020 2:53pm Oct 19, 2020 2:53pm
Quoting navk
{quote} hmm... I trade gbpusd only. Never had big slippage... or may be did not notice. When I trade, it was never more than 0.5 pip for gbpusd. In Asia, there is chance for big slippage. Was it in Asia ?
It was 7 am eastern time, Boris came out and spoke like all these talking heads do and it moves the market more than the scheduled events
  • #4,297
  • Edited 3:21pm Oct 19, 2020 3:10pm | Edited 3:21pm


Inserted Video
  • #4,298
  • Oct 19, 2020 5:16pm Oct 19, 2020 5:16pm
Quoting mizi123
https://www.youtube.com/watch?v=9advyosngyQ
Lol i felt like i just watched the messiah of a new religion speak. These friggin Youtubers.

Not the right thread for this Miz, but thanks.
  • #4,299
  • Oct 19, 2020 6:13pm Oct 19, 2020 6:13pm
Quoting Koop
{quote} Not the right thread for this Miz, but thanks.
Done it for the ad revenue
  • #4,300
  • Oct 19, 2020 8:32pm Oct 19, 2020 8:32pm
Quoting pipmaster77
{quote} It was 7 am eastern time, Boris came out and spoke like all these talking heads do and it moves the market more than the scheduled events
ohh, that quick drop on Friday
Intraday only.
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