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FTMO - For serious traders

  • #4,301
  • Oct 20, 2020 4:12pm Oct 20, 2020 4:12pm
Let's just clarify something about *demo* accounts. Demo accounts are just as customizable just like any other type of account the broker provide. That means, spreads, slippage, requotes, execution types, SL blocks etc etc, are all customizable. A decent broker try to match their demo accounts with their real accounts. A bad broker will show you great trading conditions on the demo accounts while all kind of shit happening on the real accounts. Hell, they could have a completely different data feed. Now, that is also interesting, because no matter how close they may try to match the adjustable parameters, the fact is that demo servers are rarely prioritized for latency and performance, for cost reasons. (Especially true for new or small brokers.) What that means is that, the slippage (due to latency) and requotes may actually be greater on demo accounts.
  • #4,302
  • Oct 20, 2020 10:16pm Oct 20, 2020 10:16pm
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.
Yes, no other have these kind of continuous disconnections. And even more strangely, I have noticed they have been having bad tech problems for months. Sounds like broken promises repeated all this time, a broken record of "we're fixing it" ? Something is clearly wrong. Doesn't take half a year to fix such a grave problem.

Do they take 24h phone calls, you know that red emergency phone , when you urgently need to close or open a trade, remember that? Those were the days.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #4,303
  • Oct 20, 2020 10:22pm Oct 20, 2020 10:22pm
So it seems that they rig the challenges to make more people lose...I think at this point everybody understood it
Don't give up on your dreams. Keep sleeping.
  • #4,304
  • Edited 10:53pm Oct 20, 2020 10:39pm | Edited 10:53pm
They must be serious.

If they are serious and want to prove all the negative comments wrong, they must take these comments seriously and work on it to make it near to perfection.

The huge slippage, 60 pips, not acceptable at all. This slippage can easily make your account blown in one shot.
Intraday only.
  • #4,305
  • Oct 21, 2020 7:24am Oct 21, 2020 7:24am
Quoting Artcool
So it seems that they rig the challenges to make more people lose...I think at this point everybody understood it
I'm about to pass my second challenge. I guess I must sleep through the server outages.
  • #4,306
  • Oct 21, 2020 7:41am Oct 21, 2020 7:41am
Quoting pipmaster77
{quote} I'm about to pass my second challenge. I guess I must sleep through the server outages.
What server outages? We were talking about the huge slippage experienced on the demo server, vs the live server (funded accounts).

Did your post imply people who noticed it are lying?
Don't give up on your dreams. Keep sleeping.
  • #4,307
  • Oct 21, 2020 8:00am Oct 21, 2020 8:00am
Quoting Artcool
{quote} What server outages? We were talking about the huge slippage experienced on the demo server, vs the live server (funded accounts). Did your post imply people who noticed it are lying?
No, not at all. I experienced the 80-90 pips drop on GBP/JPY as well, fortunately my entry was at the bottom of the spike, so got stopped at BE. I was referring to all the posts regarding outages and yours specifically saying they purposely make you fail. I primarily trade 3am- noon eastern and have never experienced these issues.
  • #4,308
  • Oct 21, 2020 9:42am Oct 21, 2020 9:42am
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.
Its been sorted, all good now.
on a postive roll...
  • #4,309
  • Oct 23, 2020 5:18am Oct 23, 2020 5:18am
I am an FTMO Funded Trader; I have received my first month's profit split withdrawal and also my challenge fee was reimbursed 2 days after I sent them my invoice.
They're the best prop firm in the industry, and I will be a trader/partner with them for many years to come. 10/10
  • #4,310
  • Oct 24, 2020 3:57pm Oct 24, 2020 3:57pm
Hi, Has anyone had any experience of trading FTMO with EAs? I have been testing 2 robots that have come close to passing but not consistent enough yet.
  • #4,311
  • Edited 6:08am Oct 25, 2020 5:27am | Edited 6:08am
Quoting FMitchell89
Hi, Has anyone had any experience of trading FTMO with EAs? I have been testing 2 robots that have come close to passing but not consistent enough yet.
As soon as you dont break the rules you can use alien to trade for you no restriction....here is the prove
Inserted Video
  • #4,312
  • Oct 26, 2020 4:00am Oct 26, 2020 4:00am
Hello Everyone!

I hope you had a nice week.
Since my last post here, nearly all your posts centred on the GBP move on Friday 16th October and the slippages incurred on this movement and the technicalities of our demo accounts and rules. Let me address that in broader terms.
As you know, all our accounts used to have unrealistic exact fills of all the orders at the levels set by the traders until a few weeks ago. I understand that having the luxury of exact fills is great, but it is not the way how markets work. We should have had the live execution model from the beginning of time, but the proper simulation of real markets was difficult to achieve.

Friday’s GBP price action is a perfect example of why we have made the change from the demo execution to the live execution model. As many FTMO traders received exact fills somewhere at the top quarter of the m1 candle while our live accounts were stopped out at around the bottom. The entire 100+ pip movement happened in less than 4 seconds, which resulted in large slippages. Upon deep investigation we have found some minor deficiencies, therefore we have decided to offer some compensations (like removing violations on some of the accounts, offering discounts for Challenges and in some cases adjusting the account balances) to many of our traders, depending on specific circumstances.

You were also pointing out that it is not fair to delete positive results while keeping the negative results - implying that this might be our practice. Let me assure you that this is not the case at all, and all profits made on these moves are kept as these are. Note that slippages occur both ways, so many traders had a nice surprise when their TPs were slipped and thus the positions were closed at much larger profits.
We are working hard on implementing new enhancements of our infrastructure which should bring significant improvements to the trading conditions on our FTMO Platform.

Now let’s address some of your post’s that need our focused reply:
Quoting Cryptosurf
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. {image}
Dear Cryptosurf, MT4 defines candles based on their duration and thus each h1 candle sums up 60 minutes of trading. As the trading opens at 00:05 h1 candles start at 00:05 and last one hour. Same logic applies to other timeframes candles. There is no option for us to adjust this in order for the candles to start at each whole hour. The only solution is to start the trading at the whole hour, which is not technically possible for us at the moment as we do not have quotes till 00:05. We would have to disable trading for the additional 55 minutes and open the market at 01:00 instead. As we do not want to cut the available trading time, the candles are offset att he moment. We have already secured several new liquidity providers and once this is fully implemented into our FTMO Platform, trading will start at 00:00 and the situation will be resolved by that. We do not have an exact timeline for the change release yet but are planning to do that in November.

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 accouint with Global prime as well and no isses as they are a good broker and have a good platform.
Hello Mastersplint, The only technical issue we have had this week was that the Datafeed was frozen on MT4 platform between 00:45 and 01:00 on 19th October. Please accept our apology for this outage.

Quoting pipmaster77
{quote} Yes, they cannot have it both ways. If we can not take advantage of positive slippage due to it being a demo, no way we should have negative slippage. I had a GBP/JPY buy about 70 pips in profit, with s/l at BE, it closed at BE. I think I was just fortunate that my entry was at the bottom of the spike. The point here though is they are restricting us as demo does not reflect live, not 'true market conditions', therefore, should be no slippage whatsoever. Dead on about risk as well, simple math, lot size and stop loss, but you...
Hello Pipmaster77, You can certainly take advantages of positive slippage as I described in the opening of this post.

Quoting collosangy05
What happens if i sign up and loose the objective will my fee be refunded.
Hello Collosangy. If you fail Profit Target Trading Objective while meeting all the other ones and at the same time end up your Challenge in at least some profit, we will offer you a free Challenge. If you do not meet the Trading Objectives in any other way, your fee is forfeit.

Quoting Koop
{quote} 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...
Dear Koop, I understand that from the outside it looks easy, but it is impossible to return back from the technical point of view.
Offering multiple brokers which we have no control over was sometimes very complicated. Instead, we will soon secure several new liquidity providers and will have fully aggregated liquidity very soon which should improve trading conditions on our FTMO Platform significantly.

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 identical. This is how...
Please note that live chat support can’t always address the current issues in detail as we first need to investigate the case and only then we can provide a comprehensive answer. In general, Live Chat should be used for common questions and day to day agenda. Complicated cased have to be investigated by highly trained staff and for obvious reason, these can’t really be handled on live chat.

Quoting Artcool
So it seems that they rig the challenges to make more people lose...I think at this point everybody understood it
Dear Artcool, I assure you we do not engage in any such practices. The fact that many FTMO Traders who have older FTMO Account and newer Challenge experienced slippage on their Challenges and not the FTMO Accounts is caused simply by the fact that their FTMO Accounts run on old model where the execution of the stop-loss orders received no slippage at all while their newer Challenges run on the new model which has the live market execution. For the reasons described in the opening section of this post, we had to make the change to our traders account in order to keep the business sustainable in the long term.


That’s it this time.
Once again, If anyone of you felt like your concerns were not addressed at any time, feel free to email us at [email protected] or address the post straight to me. There are often repetitive posts here which I feel like they were answered recently and do not require our further comments, but we do not want to leave your concerns unaddressed.
Have a great week ahead and be mindful of possible pre-election market shakeouts.
Tomas
  • #4,313
  • Oct 26, 2020 4:13am Oct 26, 2020 4:13am
Dear FTMO traders, does the daily loss limit counted based on the deepest loss occurred during the trade, or counted based on the loss position when the trade is closed?
  • #4,314
  • Oct 26, 2020 6:09am Oct 26, 2020 6:09am
Quoting Jay3ast
Dear FTMO traders, does the daily loss limit counted based on the deepest loss occurred during the trade, or counted based on the loss position when the trade is closed?
Closed and or open p/l.
on a postive roll...
  • #4,315
  • Oct 26, 2020 7:25am Oct 26, 2020 7:25am
Quoting Rmg
{quote} Closed and or open p/l.
So, in let say 100k account, closed and open p/l will be accumulated daily for 5k maximum daily loss, and this daily accumulation will be accumulated again in 30 calendar days of 10k maximum loss?
  • #4,316
  • Oct 26, 2020 7:44am Oct 26, 2020 7:44am
Quoting Jay3ast
{quote} So, in let say 100k account, closed and open p/l will be accumulated daily for 5k maximum daily loss, and this daily accumulation will be accumulated again in 30 calendar days of 10k maximum loss?
Inserted Video

Inserted Video
on a postive roll...
  • #4,317
  • Oct 26, 2020 8:56am Oct 26, 2020 8:56am
Greetings Everyone. Just wanted to add my experience with FTMO. In short, they do exactly what they advertise! I am in my 4th month as a funded trader; all profit splits have been received within a few days of submitting an invoice. The challenge fee was fully refunded during my first profit split. Any phone or email inquiries that I have made were answered promptly and professionally. I have looked at other prop houses, and by comparison FTMO has proved to be a superior company to partner with. I recommend them without any reservation.
  • #4,318
  • Oct 26, 2020 9:35am Oct 26, 2020 9:35am
Quoting ScottMiller
Greetings Everyone. Just wanted to add my experience with FTMO. In short, they do exactly what they advertise! I am in my 4th month as a funded trader; all profit splits have been received within a few days of submitting an invoice. The challenge fee was fully refunded during my first profit split. Any phone or email inquiries that I have made were answered promptly and professionally. I have looked at other prop houses, and by comparison FTMO has proved to be a superior company to partner with. I recommend them without any reservation.
ScottMiller - New Member! 1 Post about FTMO. Sounds like FTMO desperation move.
  • #4,319
  • Oct 26, 2020 9:41am Oct 26, 2020 9:41am
Quoting driven18
{quote} ScottMiller - New Member! 1 Post about FTMO. Sounds like FTMO desperation move.
Lmao wait a minute.

Quoting ScottMiller
Greetings Everyone. Just wanted to add my experience with FTMO. In short, they do exactly what they advertise! I am in my 4th month as a funded trader; all profit splits have been received within a few days of submitting an invoice. The challenge fee was fully refunded during my first profit split. Any phone or email inquiries that I have made were answered promptly and professionally. I have looked at other prop houses, and by comparison FTMO has proved to be a superior company to partner with. I recommend them without any reservation.
Lol Hey Scott, you don't have to but i would really appreciate if you could provide any confirmation of your pay outs or withdrawals, you know? just to motivate us. Thank You.
  • #4,320
  • Oct 26, 2020 10:07am Oct 26, 2020 10:07am
Hey guys, some days ago I posted. I said i am stopping FTMO 100K challenge as i do not have enough days to meet the profit target. I did around 7 % profit after 10 days and then as i was not in desk the earned profits reduced. Other loss objectives are not violated but have 2 more days left.
So i decided to take next free challenge after US elections.
Intraday only.
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