Disliked{quote} That is way to high r:r scalping is the only way to go most of the forex proes scalp for 2-4 pips and out start small so you can add if goes against you...Ignored
1
oing same ting over expecting different results..Einstein
- #4,821
- Dec 1, 2020 1:03pm Dec 1, 2020 1:03pm
- Joined Dec 2005 | Status: Com Member = Scammer | 5,408 Posts
- #4,822
- Dec 1, 2020 1:16pm Dec 1, 2020 1:16pm
{quote} you know something, i tried. And you know which account ? You remember? the challenge which i lost due to daily max, but later i went onto make 10 % ? In that account, I did. You can call this as verification phase.{image}
Hmmmm! Congrats. This is a great motivation for me though I doubt if I could trade big volume like this at once. It will be a great disaster if the trade turned against you. I admire your courage.
- #4,823
- Dec 1, 2020 1:32pm Dec 1, 2020 1:32pm
- Joined Apr 2016 | Status: Conquistadores' | 1,545 Posts
- #4,825
- Dec 1, 2020 5:16pm Dec 1, 2020 5:16pm
- Joined Dec 2005 | Status: Com Member = Scammer | 5,408 Posts
- #4,828
- Dec 1, 2020 6:53pm Dec 1, 2020 6:53pm
- Joined Dec 2005 | Status: Com Member = Scammer | 5,408 Posts
- #4,829
- Dec 1, 2020 11:10pm Dec 1, 2020 11:10pm
- Joined Oct 2010 | Status: Trader | 21,483 Posts
Intraday only.
- #4,832
- Dec 3, 2020 6:11pm Dec 3, 2020 6:11pm
- Joined Dec 2005 | Status: Com Member = Scammer | 5,408 Posts
- #4,833
- Dec 4, 2020 12:52am Dec 4, 2020 12:52am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,683 Posts
- #4,835
- Dec 4, 2020 2:48am Dec 4, 2020 2:48am
- Joined Apr 2016 | Status: Conquistadores' | 1,545 Posts
Damn what happened to Barnell?
Hello again,
We have been quite busy again as we made changes to our FTMO Contracts and the way trader’s profit pay-outs are processed – FTMO Traders can now go through the whole process in their client area and the process is even faster and easier for them than before. The contracts are now a lot more comprehensive as we are operating in most countries of the world and needed the contracts to be covering more details.
We have done some other improvements in our back end as well and observed no significant issues in past 10 days since we last posted here with 1 exception - datafeed and execution issues occurred only on XRPUSD. These issues have been fixed and everything runs smoothly now.
I read that some of you lost your FTMO Accounts and am sorry to hear that. As I’m sure you were informed already, the fact that you have lost these accounts doesn’t disqualify you from any further cooperation with us so if you feel like you have a better strategy, you can always give it another shot.
We are sorry to see this thread clogged by posts by Barnell who was posting many negative comments about FTMO and some community members here in past weeks and now decided to sell his services. As we said repeatedly in the past, we did not want to censor the content here, but when someone will be posting things not related to FTMO, we might ban the person in order for the thread to stay on the point.
We would like to emphasize that letting anyone else trade your Challenge/Verification/FTMO Account is strictly prohibited and any uncovered cases are investigated. We generally tend to adopt quite friendly attitude first but if we find repeated offenders, we have a number of options available to resolve the situation – from warnings to cooperation termination. Although we have done no further research, based on Barnell’s posts here we strongly recommend to stay away from his offers to help anyone pass our Evaluation.
Let’s address the specific posts now as always:
Hello Delta-vega, As you probably know we have been doing extensive upgrades of our our infrastructure in past few months and the vast majority of these upgrades is being implemented over the weekends in order to affect the least amount of our traders. There were two weekends during which trading of crypto pairs on cTrader was affected. Please contact us directly at [color=Black][email protected][/color] stating your login and the weekend you could not trade and we will extend your Challenge appropriately. I confirmed with our technical department that all major changes were already implemented on cTrader and trading on the weekend have been running smoothly since then.
Hello Yacinesftc, we receive requests like yours quite often and every time we release some statistics, people just ask for more. Although I can understand your curiosity as I’m quite curious myself, we still need to keep something to ourselves. It is a competitive business after all and your decision to join FTMO should not be based on statistics of others. Take the Free Trial and see for yourself whether you can become the FTMO Trader. Thank you for your understanding.
Hello Stirmatt, If you have a bad month or more but do not breach our rules, you just continue trading in the next trading period without anything really happening.
Hi TrendLover, the community here already replied to you, but I confirm that USD in prohibited news is restrictive only for all USD forex pairs. Other USD dependant non-forex instruments are not forbidden to be traded during the restrictive time window about news specifying USD.
Please see the table of the restrictive news and instruments as taken from our contract which is specifying the restrictive news in general. Note that XAUUSD and XAGUSD has no restrictive news at all as well as all indices with exception of DAX.
Hi Dariko, Our server time (platform time) was changed from CE(S)T to CET, therefore, you do not see any change in trade hours as the change was made to the platform time itself.
Hello Mtinifx, In short, if your FTMO Account generates at least 10% of profit during the last four trading periods while having at least two of these periods in profit, it is eligible for scaling. For more detailed information, visit https://ftmo.com/en/scaling-plan/
Hello Koop,
I believe as every other online business we ask for reviews and there is nothing wrong about it. We send our clients links to websites such as FF where people can leave their review. There is no coaching as to what review to write or any other specific requests at all. It’s important to point out that although we are asked for it quite a lot, we are not providing any free services for the reviews. Your Uber driver parallel is quite fitting.
Hello Ryanfrc, We have done our due diligence prior to partnering up with Jarratt and found nothing wrong with his business ventures. In today’s tech age you can find some accusations online against nearly all business entities. We see this tweet as baseless accusation. I’m pasting below our reply to Nicholas (Bovel_GM) from the relevant time as he raised his concerns with us as well
Dear TrendLover, We are very sorry you have been given incorrect information by our representative and will provide extra training to the support agent responsible for the misinformation. I confirm that there are actually no news restrictions on gold and silver and that if USD is specified in the restrictive news, only forex pairs containing USD are prohibited from being traded. Cryptos and other non-forex instruments are ok to be traded during these news.
Hello Navk, I’m sorry to hear you have lost your Challenge. Please understand that it is extremely difficult to track all our accounts in real time, and thus our MetriXes are updated periodically rather than in real time. It is stated directly on the MetriX page itself and we are not hiding this fact in any way. The MetriX also displays time of last update which should further help the traders synchronize the results. We do as much as we can to give all relevant information to our traders.
We are working on a solution to have the MetriX tracking the account equity in real time, but it needs further development before we can implement it and the expected rollout of this feature is several months in the future. MetriX is an informative tool for our traders but each trader should manage their risks appropriately, and the final results are always taken from the trading platform. It is likely that the MetriX did not between the time of your last loss and you checking the MetriX and thus displayed results without taking the most recent positions considered.
Hello TrendLover, If the trading on an instrument is prohibited by one of our restrictive news (labelled by blue background in our Economic Calendar), any order execution on FTMO Account (manual, SL, TP, limit orders, EA triggered, ..) during the time window of 2 minutes prior to and 2 minutes after would be in breach of our rules.
As for Challenges and Verifications, scalping and straddling of news was prohibited since our beginning as there was a demo execution model on our accounts and traders could have set limit orders both ways with tight Stop Loss orders in place just around the news and catch the momentum with nearly no risk. Since we upgraded all our newer accounts and vast majority of older account to the live execution model, this specific situation is no longer possible but the rule stays in place as active attempts to trade news during Challenge and Verification is not a strategy we wish to see in use. We do not have an exact definition of scalping and if your positions are open for more than a couple minutes and hit SL or TP during the news there is no problem. Even if you accidentally opened the trade just before the news and then caught large spike on your Challenge and Verification by SL or TP, we would not mind unless there were repeated occurrences showing a pattern of you trying to actively scalp the news.
Hope this gave you enough clarity on the topic.
Hello Koop, I can confirm that we have an FTMO Trader of this name, but I’m afraid we can’t provide any further information.
Hi TredLover, Yes, we encountered issue limited to XRP a few days ago. Please contact us directly at [email protected] if your account was affected by this issue. Thank you.
Hi Revealer42, If you pass our evaluation, you get a lot of capital to trade at quite a low cost. The €80k Challenge costs 540 Euros and after successfully passing the Challenge and Evaluation, you receive an €80k account with 1:100 leverage on forex and with €8k Max Loss limit. Your only cost for such account is the initial 540 Euros paid in the fee, but this fee is refunded together during the first profitable Profit Split of the resulting FTMO Account and after that point, you trade €80k account basically at no cost. Plus we have scaling plan in place for successful traders, offer our support and services and so on. We also have quite competitive conditions on our FTMO Platform with $3USD commissions per roundtrip on forex pairs, no commissions on indices, metals and commodities and great spreads. The psychological strain is also a bit lower as you know that you can lose only the initial fee at the worst case and there are other aspects to consider. In short, it is not the same. If you have more specific questions, feel free to come to our live chat or send us an email to [email protected]
That’s it for now.
Have a great day and the best of luck with all your trade setups!
Tomas
We have been quite busy again as we made changes to our FTMO Contracts and the way trader’s profit pay-outs are processed – FTMO Traders can now go through the whole process in their client area and the process is even faster and easier for them than before. The contracts are now a lot more comprehensive as we are operating in most countries of the world and needed the contracts to be covering more details.
We have done some other improvements in our back end as well and observed no significant issues in past 10 days since we last posted here with 1 exception - datafeed and execution issues occurred only on XRPUSD. These issues have been fixed and everything runs smoothly now.
I read that some of you lost your FTMO Accounts and am sorry to hear that. As I’m sure you were informed already, the fact that you have lost these accounts doesn’t disqualify you from any further cooperation with us so if you feel like you have a better strategy, you can always give it another shot.
We are sorry to see this thread clogged by posts by Barnell who was posting many negative comments about FTMO and some community members here in past weeks and now decided to sell his services. As we said repeatedly in the past, we did not want to censor the content here, but when someone will be posting things not related to FTMO, we might ban the person in order for the thread to stay on the point.
We would like to emphasize that letting anyone else trade your Challenge/Verification/FTMO Account is strictly prohibited and any uncovered cases are investigated. We generally tend to adopt quite friendly attitude first but if we find repeated offenders, we have a number of options available to resolve the situation – from warnings to cooperation termination. Although we have done no further research, based on Barnell’s posts here we strongly recommend to stay away from his offers to help anyone pass our Evaluation.
Let’s address the specific posts now as always:
{quote} Your experience is different than mine. Crypto markets completely stop functioning on the weekend. DOM/chart data disappears and cTrader says "no price snapshot". This is really a shame since I counted on crypto trading being available during weekends when I decided to put up the money for FTMO challenge. This is 28% of the value gone; more, since my schedule during the week is busy. I also have some disability issues, and when dealing with a flare-up said "I will not trade when not in good condition, but will wait until the weekend and...
thanks Tomas would be great if you could give us more statistics, i mean anything, total funded traders, failure rate, highest capital (with scaling up plan) so far etc anything is appreciated, thank you
{quote} Thanks for this comment because I have been wondering what will eventually happen if one fail to be positive in a month or two after been funded without violating any of the rules except for the negative profit.
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?
Please see the table of the restrictive news and instruments as taken from our contract which is specifying the restrictive news in general. Note that XAUUSD and XAGUSD has no restrictive news at all as well as all indices with exception of DAX.
question to @ Tomas-ftmo: why after the change from summer to winter time in the US, the DAX trading hours were not changed, the US indices trading hours were changed?
{quote} What is "scale up requirements"?
{quote} Yup, apparently, there are profitable traders out there who aren't members on FF and have been asked by FTMO to please register and share their experiences. I don't think there's anything wrong with that. It's like an Uber driver asking you to please give him a review when your ride is over. The other new member (Adriano) , said or implied that FTMO asked him to come over and show his results. {quote} Here
I believe as every other online business we ask for reviews and there is nothing wrong about it. We send our clients links to websites such as FF where people can leave their review. There is no coaching as to what review to write or any other specific requests at all. It’s important to point out that although we are asked for it quite a lot, we are not providing any free services for the reviews. Your Uber driver parallel is quite fitting.
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
{quote} About this question ... {image} I contacted support and they replied that XAUUSD and XAGUSD also cannot be traded when there are events for USD marked as restricted. {image} And during events for USD marked as restricted, the rule does not apply to cryptocurrencies. {image}
Dear TrendLover, We are very sorry you have been given incorrect information by our representative and will provide extra training to the support agent responsible for the misinformation. I confirm that there are actually no news restrictions on gold and silver and that if USD is specified in the restrictive news, only forex pairs containing USD are prohibited from being traded. Cryptos and other non-forex instruments are ok to be traded during these news.
{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...
We are working on a solution to have the MetriX tracking the account equity in real time, but it needs further development before we can implement it and the expected rollout of this feature is several months in the future. MetriX is an informative tool for our traders but each trader should manage their risks appropriately, and the final results are always taken from the trading platform. It is likely that the MetriX did not between the time of your last loss and you checking the MetriX and thus displayed results without taking the most recent positions considered.
{quote} That is exactly what one of the attendants informed me. He said that in the challenge and verification I just cannot scalp the news and do straddling. In the challenge and verification I can maintain the position during the news. But what if the news causes my stop loss or take profit to be reached? What is considered scalping? Open the position during the 2-minute window before and after the news? If I open a position before the 2-minute break and my position reaches the stop loss or take profit during the news release, does this violate...
As for Challenges and Verifications, scalping and straddling of news was prohibited since our beginning as there was a demo execution model on our accounts and traders could have set limit orders both ways with tight Stop Loss orders in place just around the news and catch the momentum with nearly no risk. Since we upgraded all our newer accounts and vast majority of older account to the live execution model, this specific situation is no longer possible but the rule stays in place as active attempts to trade news during Challenge and Verification is not a strategy we wish to see in use. We do not have an exact definition of scalping and if your positions are open for more than a couple minutes and hit SL or TP during the news there is no problem. Even if you accidentally opened the trade just before the news and then caught large spike on your Challenge and Verification by SL or TP, we would not mind unless there were repeated occurrences showing a pattern of you trying to actively scalp the news.
Hope this gave you enough clarity on the topic.
{quote} Someone shared the myfxbook page of an FTMO funded trader weeks ago... I just checked it out. His balance is at $125k. In the comments he replies that the extra 25k was added in accordance with the scale up plan https://www.myfxbook.com/community/t...#postRow408546
Hello traders, Is there a problem with XRPUSD? My script cannot open order for this symbol. I opened an order manually and I can't change stop loss and take profit.
New member here, thinking about taking the FTMO challenge. I just have a question for anyone willing to answer. Are you actually getting MORE funding if you pass all the challenges than you would be getting otherwise? Aren't you just using you're own winnings as margin? You could theoretically accomplish the same thing by using a broker with 500:1 leverage & tight stop losses. Or are my calculations wrong?
That’s it for now.
Have a great day and the best of luck with all your trade setups!
Tomas