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FTMO - For serious traders

  • #4,741
  • Nov 26, 2020 8:15am Nov 26, 2020 8:15am
I found this tweet guys, mind FTMO explain what happen with the opinion from Bovel_GM ?

Thanks

https://twitter.com/Bovell_GM/status...590272000?s=19
  • #4,742
  • Nov 26, 2020 8:49am Nov 26, 2020 8:49am
There is so much negative energy on this thread. What do you want to uncover about FTMO? If you believe they are scam, why don't you leave the thread alone and face your trading. I am selling signal and trading software on MQL5 website and I know the kind of feedback I get from traders who do not know how to trade. They will call you all sort of names and blame you for their failures.

FTMO is not a charity organization. They are into this for them to make money like any other trader or broker out there. Read their rules and if it is not meant for you, just move to another pro firm.

I am taking my first challenge with them and my account is 2% down. I hope to recover and make profit but if not, I will still apply for another challenge because I believe their offer is the best for me at present.

Applying for $10,000 challenge account can confirm your doubt or clears it instead of unending argument about them.
  • #4,743
  • Nov 26, 2020 8:59am Nov 26, 2020 8:59am
But then .... I'm sorry .... a curiosity .... but what does FTMO have to explain, for a tweet from 6 months ago?? But really?????
I've seen things you people wouldn't believe
  • #4,744
  • Nov 26, 2020 9:13am Nov 26, 2020 9:13am
Quoting Trader-IT
But then .... I'm sorry .... a curiosity .... but what does FTMO have to explain, for a tweet from 6 months ago?? But really?????
Have you seen any trader who passed their challenge and verification and was not funded or funded and they refused to give him part of his profit as agreed?
  • #4,745
  • Edited 12:14pm Nov 26, 2020 11:04am | Edited 12:14pm
Quoting TrendLover
Hello traders, {image} Does this restriction apply only to forex currency pairs? Or does it also include XAUUSD, XAGUSD, XBTUSD, XLCUSD, XRPUSD? What about TNOTE, BUND, US100, SPX500, WS30, BRENT, CRUDE, NATGAS instruments?

About this question ...

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I contacted support and they replied that XAUUSD and XAGUSD also cannot be traded when there are events for USD marked as restricted.


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And during events for USD marked as restricted, the rule does not apply to cryptocurrencies.


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  • #4,746
  • Nov 26, 2020 1:04pm Nov 26, 2020 1:04pm
Trading Objectives

Your results Summary

Minimum 10 Trading Days 14 Passed

Max Daily Loss -$5,000 -$6,606.92 Not passing

Max Loss -$10,000 -$3,342.21 Passed

Profit Target $10,000$ 10,398.79 Passed

I passed, but failed. Yeah, in the max daily loss, I failed. But quickly did Profit.

Next try, I signed up.
Intraday only.
  • #4,747
  • Nov 26, 2020 2:21pm Nov 26, 2020 2:21pm
Quoting navk
Trading Objectives Your results Summary Minimum 10 Trading Days 14 Passed Max Daily Loss -$5,000 -$6,606.92 Not passing Max Loss -$10,000 -$3,342.21 Passed Profit Target $10,000$ 10,398.79 Passed I passed, but failed. Yeah, in the max daily loss, I failed. But quickly did Profit. Next try, I signed up.
Sorry to hear that mate. I've failed a few with the same problem and of course it's a constant issue right into live funding. Which is why so few traders are still in the game after 6 months.

At least with FTMO one gets ones money back IF one gets through stage 1 and 2 which is a big plus I suppose.
  • #4,748
  • Edited 8:12pm Nov 26, 2020 7:55pm | Edited 8:12pm
Quoting Mtinifx
{quote} Sorry to hear that mate. I've failed a few with the same problem and of course it's a constant issue right into live funding. Which is why so few traders are still in the game after 6 months. At least with FTMO one gets ones money back IF one gets through stage 1 and 2 which is a big plus I suppose.
i could have avoided max daily loss breach.

On that day, the accepted loss was 4960 dollar. According to mt4 statement.

I knew it is close, so i stopped trading , it happened on the 23 rd of this month.

But when I checked metrics, it showed some + 300 dollar available for breach. I got confused. How could this be ?

I took 1 lot trade, and when the floating loss went up to 100 dollar, now everything changed in the metrics and showed i breached daily loss limit.

I took up the matter with FTMO but they refused and stated that, metrics updates every 10 minutes and I should check mt4 statement for controlling losses.

I do not want to complain about metrics and FTMO, but if the tool is not good enough, they need not offer as a tool. Hope they come up with some good idea in the future.

But then, the very next day, I took it up as a challenge to trade correct, and did the profit in 1 single day, yeah, i made the required 10 % profit.

The thing i learnt is to trust mt4 statements and trade according to the statements to control profit and loss.

And then take trades with proper risk/reward ratio, then you pass it.

The day i passed the profit target, i kept risk/reward ratio as 1 : 5

Overall, I would say, FTMO model is good.
EXCEPTION : METRICS.
Intraday only.
  • #4,749
  • Edited 2:48am Nov 27, 2020 1:34am | Edited 2:48am
Quoting navk
{quote} i could have avoided max daily loss breach. On that day, the accepted loss was 4960 dollar. According to mt4 statement. I knew it is close, so i stopped trading , it happened on the 23 rd of this month. But when I checked metrics, it showed some + 300 dollar available for breach. I got confused. How could this be ? I took 1 lot trade, and when the floating loss went up to 100 dollar, now everything changed in the metrics and showed i breached daily loss limit. I took up the matter with FTMO but they refused and stated that, metrics updates...
Damn Navk, if only you had remembered the Takisd incident, mizi's advice and yours as well. real sorry.

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  • #4,750
  • Nov 27, 2020 2:35am Nov 27, 2020 2:35am
Quoting navk
{quote} i could have avoided max daily loss breach. On that day, the accepted loss was 4960 dollar. According to mt4 statement. I knew it is close, so i stopped trading , it happened on the 23 rd of this month. But when I checked metrics, it showed some + 300 dollar available for breach. I got confused. How could this be ? I took 1 lot trade, and when the floating loss went up to 100 dollar, now everything changed in the metrics and showed i breached daily loss limit. I took up the matter with FTMO but they refused and stated that, metrics updates...
This your feat is great o. The fear of 5% daily loss will not allow me to make this kind of move in a day.

You have done well
  • #4,751
  • Nov 27, 2020 5:58am Nov 27, 2020 5:58am
Curious, hands up if you are trying to be a "#fundedtrader" with FTMO but has yet to/struggling to pass the test?

I will tear the world apart for you.
  • #4,752
  • Nov 27, 2020 6:25am Nov 27, 2020 6:25am
Quoting Barnell
Curious, hands up if you are trying to be a "#fundedtrader" with FTMO but has yet to/struggling to pass the test?
Look who the newest commercial member is Lol. whatchu selling Barnell?
  • #4,753
  • Nov 27, 2020 6:37am Nov 27, 2020 6:37am
Quoting Koop
{quote} Look who the newest commercial member is Lol. whatchu selling Barnell?
I am selling you FTMO!

It's great!

#fundedtrader!

I will tear the world apart for you.
  • #4,754
  • Nov 27, 2020 8:04am Nov 27, 2020 8:04am
Quoting Tomas-ftmo
Hi again Traders, Rocky14 and Ria10 came to this forum accusing us of all kind of things, claiming that we manipulated their trading results and changed password to the Challenge account to deliberately fail the account. They have since deleted their posts but some of your replies to them stayed on the forum, so I would like to clear this issue up. Let me assure you that we do not engage in any such practices. PW changes are carried out only upon written requests sent from the email address registered with the specific account and all cases where...

I'm getting mixed responses from support. I hope that Thomas clarifies this in detail to end the doubts.

An attendant informs me that during events for USD marked as restricted I cannot trade forex pairs with "xxxUSD or USDxxx" and that this also includes commodities XAGUSD, XAUUSD and cryptocurrencies XBTUSD, XLCUSD, XRPUSD.

Another attendant says that I can negotiate whatever I want during the news. That this rule does not apply to challenge and verification, but only for FTMO accounts.
  • #4,755
  • Nov 27, 2020 9:14am Nov 27, 2020 9:14am
Quoting TrendLover
{quote} I'm getting mixed responses from support. I hope that Thomas clarifies this in detail to end the doubts. An attendant informs me that during events for USD marked as restricted I cannot trade forex pairs with "xxxUSD or USDxxx" and that this also includes commodities XAGUSD, XAUUSD and cryptocurrencies XBTUSD, XLCUSD, XRPUSD. Another attendant says that I can negotiate whatever I want during the news. That this rule does not apply to challenge and verification, but only for FTMO accounts.
You can trade whenever and however you want during the challenge and verification stages (around news, hold positions overnight and weekends). The limitations surrounding that only applies to the funded account you receive after successfully passing the verification.

Someone else will clarify the Xauusd thing ... I think Tomas answered that a while ago.. Maybe search via the thread search box.
  • #4,756
  • Nov 27, 2020 9:31am Nov 27, 2020 9:31am
Quoting Barnell
{quote} I am selling you FTMO! It's great! #fundedtrader!
Happy new status
  • #4,757
  • Nov 27, 2020 9:35am Nov 27, 2020 9:35am
Quoting mizi123
{quote} Happy new status
Thanks.
I will tear the world apart for you.
  • #4,758
  • Nov 27, 2020 9:35am Nov 27, 2020 9:35am
Quoting Koop
{quote} Look who the newest commercial member is Lol. whatchu selling Barnell?
He was selling mind all the time and look's like someone has catch these..
  • #4,759
  • Nov 27, 2020 9:42am Nov 27, 2020 9:42am
Quoting Koop
{quote} Look who the newest commercial member is Lol.

That was inevitable. It was clear as soon as he started posting that he was here for some promotional purpose.
  • #4,760
  • Nov 27, 2020 9:55am Nov 27, 2020 9:55am
Quoting Koop
{quote} Look who the newest commercial member is Lol. whatchu selling Barnell?
It sure doesn't sell its time. I don't think he has much of it.
1776 posts in, more or less 1 month, are a great commitment

PS:
Barnell... battuta innocente tra vicini di casa
I've seen things you people wouldn't believe
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