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FTMO - For serious traders

  • #4,881
  • Dec 6, 2020 11:06am Dec 6, 2020 11:06am
Quoting mizi123
IF SOMONE PLANS TO TAKE CHALLANGE December is here so let's have a look at what happened this week and also one special FTMO Update! As the Christmas holiday approaches, we have a nice gift for all our traders. All active FTMO Challenge and Verification accounts that started anytime between 1st December and 29th December will automatically get 10 extra days to the duration. You can trade in no rush during December and spend the festive break with family and loved ones at the same time. Trading accounts will be extended after the Christmas...
that's great news...
I started on Dec 1!

How did you hear this? I often seem to find FTMO news etc. here, rather than getting any communication directly from them... I don't see it on the blog or site, either. Tomas, in your much appreciated kaizen quest, perhaps relevant announcements like this could be emailed out? Or am I missing something on the existing site?
  • #4,882
  • Dec 6, 2020 11:14am Dec 6, 2020 11:14am
Quoting Trader-IT
{quote} Please, reread my post. {quote} Are you saying that an analysis tool (CSM), used by a good part of the Traders is stupid? Are you saying that treding with trend and force, defined by a CSM, is stupid? Are you calling all the millions of traders who work with lower TFs a day stupid? Compliments. I respect and don't criticize other people's ideas, but apparently, it's just me.
You just won't go away and I hate keep diminishing your selling efforts while answering and promoting you, so this is the last post on this subject.

Measuring and calculating intraday strength and achievement profit targets based on that measured intraday strength is a failed proposition.
  • #4,883
  • Edited 11:30am Dec 6, 2020 11:18am | Edited 11:30am
Quoting driven18
{quote} You just won't go away and I hate keep diminishing your selling efforts while answering and promoting you, so this is the last post on this subject. Measuring and calculating intraday strength and achievement profit targets based on that measured intraday strength is a failed proposition.


can't even reply to the right person, let alone understand trading intraday.
  • #4,884
  • Dec 6, 2020 12:05pm Dec 6, 2020 12:05pm
free entertainment during week ends
Intraday only.
  • #4,885
  • Dec 6, 2020 3:09pm Dec 6, 2020 3:09pm
Quoting driven18
{quote} You just won't go away and I hate keep diminishing your selling efforts while answering and promoting you, so this is the last post on this subject. Measuring and calculating intraday strength and achievement profit targets based on that measured intraday strength is a failed proposition.
You claim the market is random .... can you explain why the market is random... just a general question. Thanks.
  • #4,886
  • Dec 6, 2020 3:41pm Dec 6, 2020 3:41pm
Quoting moodybot
{quote} You claim the market is random .... can you explain why the market is random... just a general question. Thanks.
Good Question. Enter 5 trades with your favorite and most statistically significant technique. See what happens...will it go the way you want it to go and will you be profitable? The answer will be obvious.
  • #4,887
  • Dec 6, 2020 3:52pm Dec 6, 2020 3:52pm
Quoting driven18
{quote} Good Question. Enter 5 trades with your favorite and most statistically significant technique. See what happens...will it go the way you want it to go and will you be profitable? The answer will be obvious.
Yes, the answer is obvious.
  • #4,888
  • Dec 6, 2020 4:29pm Dec 6, 2020 4:29pm
PhD grade analysis right there - Enter 5 trades and see what happens. Tell us, what happens when you enter 5 trades in a row?
  • #4,889
  • Dec 6, 2020 5:11pm Dec 6, 2020 5:11pm
Quoting EcoTrader
PhD grade analysis right there - Enter 5 trades and see what happens. Tell us, what happens when you enter 5 trades in a row?
At least driven18 has the guts to post real live trade setups on live charts.
You my friend are just showing amateur trade management by taking multiple 70 lot trades on a $100K account demo account.
Keep dreaming
Trading thin liquidity at the boundary of the charts
  • #4,890
  • Dec 6, 2020 6:06pm Dec 6, 2020 6:06pm
Quoting RickM
{quote} At least driven18 has the guts to post real live trade setups on live charts. You my friend are just showing amateur trade management by taking multiple 70 lot trades on a $100K account demo account. Keep dreaming
been there done that and have the thread to prove it with calls prior to trades, and updates throughout so you just don't know what you are talking about. As for dreaming, I don't need to, what you seeing there is testing being done which is different to the account I manage for investors.

what you should be looking at is not the trade size but the near 80 trades with a single loss. Now I am pretty sure you or driven18 wont be able to muster stats like that on any account.

Calling the testing I am doing amateur trade management is bullshit. First, let's get the terminology right, shall we. Trade management is the process of managing a trade from start to completion. Position sizing, which is what you are moaning about is related to risk management. Its important you get the terminology right if you are to be taken seriously.

Now as to the 70 per pip trade size, a 25 pip stop is a 1750 loss on the account which is under 2 percent of 100k. With a strong win rate even risking 3 times that only translates into a 5% hit on the account, hardly an account smashing figure is it. In any case 3* or a 5k loss only amounts to 0.8% of the 600k the test account currently holds so the risk is shrinking as the account grows larger. A very different picture to the one you are sugar coating isn't it.
  • #4,891
  • Dec 6, 2020 6:27pm Dec 6, 2020 6:27pm
This Netflix show gets boring. The first episodes used to be funny though.
Don't give up on your dreams. Keep sleeping.
  • #4,892
  • Dec 6, 2020 6:42pm Dec 6, 2020 6:42pm
Quoting EcoTrader
{quote} been there done that and have the thread to prove it with calls prior to trades, and updates throughout so you just don't know what you are talking about. As for dreaming, I don't need to, what you seeing there is testing being done which is different to the account I manage for investors. what you should be looking at is not the trade size but the near 80 trades with a single loss. Now I am pretty sure you or driven18 wont be able to muster stats like that on any account. Calling the testing I am doing amateur trade management is bullshit....
Care to share your avg winsize vs avg loss size?
on a postive roll...
  • #4,893
  • Dec 6, 2020 7:46pm Dec 6, 2020 7:46pm
Quoting mizi123
IF SOMONE PLANS TO TAKE CHALLANGE December is here so let's have a look at what happened this week and also one special FTMO Update! As the Christmas holiday approaches, we have a nice gift for all our traders. All active FTMO Challenge and Verification accounts that started anytime between 1st December and 29th December will automatically get 10 extra days to the duration. You can trade in no rush during December and spend the festive break with family and loved ones at the same time. Trading accounts will be extended after the Christmas...
i spoke with Chat service regarding this.

He/she clarified, on the 29 th December, the ones who do not violate objectives, will be given an extension of 10 days to achieve profit target.
Intraday only.
  • #4,894
  • Dec 7, 2020 2:19am Dec 7, 2020 2:19am
Why can't one get exact quote with FTMO using pending orders?

FTMO need to work on their platform. Hotforex give exact quote every time using pending order and FTMO need to do better.
  • #4,895
  • Dec 7, 2020 5:45am Dec 7, 2020 5:45am
Quoting stirmatt
Why can't one get exact quote with FTMO using pending orders? FTMO need to work on their platform. Hotforex give exact quote every time using pending order and FTMO need to do better.
Simple answer....HotForex is a market maker, they create the price they are giving you and are on the other side of your trade. FTMO uses a STP model, therefore, slippage (positive or negative) will occur.
  • #4,896
  • Dec 7, 2020 6:56am Dec 7, 2020 6:56am
Quoting stirmatt
Why can't one get exact quote with FTMO using pending orders? FTMO need to work on their platform. Hotforex give exact quote every time using pending order and FTMO need to do better.
hotforex is quite possibly the biggest piece of shit broker out there since ironfx. Get out of here.
  • #4,897
  • Dec 7, 2020 7:08am Dec 7, 2020 7:08am
Quoting pipmaster77
{quote} Simple answer....HotForex is a market maker, they create the price they are giving you and are on the other side of your trade. FTMO uses a STP model, therefore, slippage (positive or negative) will occur.
And FxPro is a market maker too?

Your answer is too simple oga
  • #4,898
  • Dec 7, 2020 7:16am Dec 7, 2020 7:16am
Quoting Takisd
{quote} hotforex is quite possibly the biggest piece of shit broker out there since ironfx. Get out of here.
I am using them and FxPro and there's no difference. I hardly issues with them when it comes to trading.

Stating whatever issues you have with them will better sir
  • #4,899
  • Dec 7, 2020 7:18am Dec 7, 2020 7:18am
Quoting Takisd
{quote} hotforex is quite possibly the biggest piece of shit broker out there since ironfx. Get out of here.
When I was trading the challenge I must say I didn't have any problems with FTMO. Spreads are quite good, on Gold anyway - ave. 15 - 20 points which I think is a lot better then Hot Forex, etc., etc.
  • #4,900
  • Dec 7, 2020 7:29am Dec 7, 2020 7:29am
ha..ha..
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Intraday only.
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