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FTMO - For serious traders

  • #5,021
  • Dec 16, 2020 3:47pm Dec 16, 2020 3:47pm
oh gosh, what a mistake publicly stating i passed FTMO... now im getting spammed with people asking for my strategy or to do the test for them, i forgot what a cesspool this place is.
  • #5,022
  • Edited 4:12pm Dec 16, 2020 3:48pm | Edited 4:12pm
Quoting Artcool
{quote} Many possible reasons. Mine is because I use a corporate Mac OS and they use content blockers to block these kind of chat tools so I can’t even see the icon but I found a workaround. You were talking about Alex’s reply ! Hahaha...I just saw it. I don’t want to deal with him, he is even more psycho than me if that’s even possible.
I appreciate your understanding of my humor
  • #5,023
  • Dec 16, 2020 4:30pm Dec 16, 2020 4:30pm
Quoting Takisd
oh gosh, what a mistake publicly stating i passed FTMO... now im getting spammed with people asking for my strategy or to do the test for them, i forgot what a cesspool this place is.
haha Damn. If that's the case then Barnell definitely made some money off this thread before he was banned.

here's your chance to start a new thread with a guru-ish title that must include the words "secret and high probability", then go on to talk about your life and what you learned over your 97 years of trading.
  • #5,024
  • Dec 16, 2020 7:05pm Dec 16, 2020 7:05pm
Quoting Koop
{quote} haha Damn. If that's the case then Barnell definitely made some money off this thread before he was banned. here's your chance to start a new thread with a guru-ish title that must include the words "secret and high probability", then go on to talk about your life and what you learned over your 97 years of trading.
I'm too lazy to do that... But if someone has 100k and wants to agree to no liability happy to oblige
  • #5,025
  • Dec 16, 2020 7:24pm Dec 16, 2020 7:24pm
Quoting Takisd
Decide to try once more just to prove to my egotistical self that its possible. Trade turned out better than expected. edit: its a dow trade so its actually 5 lots of real dow. {image} {image}
You Passed Profit Target it in ONE Trade?
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #5,026
  • Dec 16, 2020 7:26pm Dec 16, 2020 7:26pm
Quoting Phil_GMT
{quote} You Passed Profit Target it in ONE Trade?
On the challenge yes. On verification it took like 12? a lot of small losses because the first day my feed was slow and giving weird price action. Ultimately I finished verification in 2 trades. Those two trades covered the drawdown + target required. To me its the best way to pass FTMO because of the conditions. On the funded account I will likely cut risk in half down to about 0.5-1%.
  • #5,027
  • Dec 16, 2020 11:20pm Dec 16, 2020 11:20pm
Quoting Phylo
Open Windows Snipping Tool and take a screenshot - https://support.microsoft.com/en-us/...3-f12bac9f9d44 Sharex (Free) - https://getsharex.com/
Alternatives
Sharex - https://getsharex.com/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #5,028
  • Dec 17, 2020 2:40am Dec 17, 2020 2:40am
gold is flying, I quit early.
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Intraday only.
  • #5,029
  • Dec 17, 2020 3:09am Dec 17, 2020 3:09am
Hello Everyone!
Hope you made some good profits since the last time. Have you noticed the changes on our Free Trials? Stocks and more instruments are finally available on new Free Trials since this Monday, testing is going smooth and unless we encounter any unforeseen issues, we will be rolling these to the rest of our accounts within a few weeks. We have lots of traders trading large volumes and thus new commissions structure is being tested on the Free Trials to help us cover the costs. There will be some changes to the commissions implemented in the future but the exact details are yet to be confirmed.
Once again, there were many posts not really relevant to trading/FTMO rather than your personal reactions. EcoTrader, welcome to our thread. We like to keep the communication here respectfull and on point. You have initialy written many posts here with direct or indirect verbal attacks on the other community members here. Please write your posts with respect and good manners or else we will take action to limit your posts here. I hope we do not have to play hide and seek and point out the specific issues of your communication. Thank you in advance for respecting this thread and everyone involved.

The following answers are to each of you specifically:
Quoting FXsniper111
my system need tight spreads with of FTMO brokers has tightest spread
Hello FXsniper111, the conditions on all forex pairs are identical on MT4, MT5 and cTrader. The only difference between the platforms at the moment is in cryptocurrencies, where the trading is available without any longer interruptions on cTrader platform while on MT4 and MT5, there are 7-hour long market closures on Saturdays (between 11 am and 6 pm server time).

Quoting TrendLover
{quote} I have until December 11th to reach the goal of 10% of the challenge. But I don't think I can do it. As I didn't break any rules, I will be able to do the challenge again. Will I have a new 40-day term as well?
Hello TrendLover, All the Challenges and Verifications which are active on 29th December will receive 10 extra days to their durations. The extension will be processed on 29th and 30th December. To clarify as there was a further question: The Challenges which are provided as free repeat Challenges will get the extension as well. There will be an announcement on our website confirming this fact soon.

Quoting akamrp
Hey guys, does anyone here trade BTC? Been looking at it recently and just noticed it is not a 24/7 market on the FTMO server. There are a few times where the candle jumps in time, would I have to close my trades for these periods? Or could I keep them open?
Hello Akamrp, At this time, Cryptocurrencies can be traded 24/7 on FTMO cTrader Platform and on our Free Trial accounts. On MT4 and MT5, cryptocurrencies have 7-hour long market closure on Saturdays and thus you would have to close your position prior to this market closure on your FTMO Account.
Testing of the new instruments and conditions which are already available on Free Trial accounts is showing no issues at all and we are preparing to roll out these changes to all our accounts in the near future. The exact timeline has not been set yet. The cryptocurrencies will be available 24/7 on MT4 and MT5 as well as cTrader once these changes are fully implemented. Note that this upgrade will also offer our traders stock trading. We are still assessing options regarding the stocks and the necessity to close the trades on stocks daily on FTMO Accounts so stay tuned for more information regarding stock trading on FTMO Accounts. It will be announced in due time. Feel free to sign up for the Free Trial account to check out the new instruments and changes – note that the instruments highlighted in orange colour are being phased out and have a “close-only” functionality for this reason.

Quoting turtletrad3r
I got a question to FTMO. If you have a running trade open during the challenge or a trader account and lets say one day you finished +8k. You hold the position over the close and keep your stop loss the same. Next day you hit a downswing and the position briefly puts you at -6k but comes back up. Youre still up on the position the whole time. Does that violate your max daily loss even though this trade was opened the day prior and never closed?
Hello Turtletrad3r, short answer is this situation would not breach Max Daily Loss - assuming there are no other positions executed. The equation important for the purposes of Max Daily Loss is:
Current daily result = results of closed positions of this day + result of open positions. (https://ftmo.com/en/#maximum-daily-loss)
In your example, assuming no other trades are executed, your Daily Result during both days would be positive as the position is in floating profit the entire time (with exception of being hit with spread upon opening...).

Quoting doyathink
{quote} 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?
Dear Doyathink, I think our marketing department likes to post announcements like this on Instagram prior to the official release on our website. I will pass the feedback that you would like to have such announcements clearly on our website at the same time as well.

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.
Dear Stirmatt, We use aggregated pool of liquidity providers for all our FTMO platforms and the fills you receive depend on the current market conditions. We do not wish to comment on other brokers as ultimitely, it would be just a speculation from us. We believe that the conditons on our FTMO Platforms are already within the top few options for the retail traders and we plan to continue improving these conditions in the future. If you wish to receive only exact fills, please use limit orders to enter your positions as these will be triggered only if the fill on exact price is possible.

Quoting fx11trade
{quote} Ftmo-tomas can you answer?
Hello Fx11trade, this issue arises from the fact that we have our server time aligned with CE(S)T and thus the standard market rollover time falls to 23:00-23:05. The server time was aligned to CE(S)T in order to make it easier for our traders to see when exactly does the Max Daily Loss counter reset, but we received multiple reports similar to yours, and the decision has been made to change the server time to GMT +2, so the market rollovers are at 00:00-00:05, same as most other brokers have. This change is preliminarily scheduled to be done on the New Years and will be announced once fully confirmed.

Quoting Ak386
Hi Tomas, I like FTMO but there are some things that don't work very well such as: I ask you why your sometimes platform freezes, I work with 2 other brokers, Tradeview and Activtrades, they work fine but FTMO freezes, why ? SPX500 does not allow me to trade, why? I ask you why in my account some order numbers are not the same as the order numbers in Metrix? I hope that all our doubts are to improve the environment with FTMO
Hi Ak386, we have had some technical issues in past, but the issues have been resolved and we observed no platform freezing in past weeks with the exception of lost datafeed on Ripple on couple occasions, so I’m not sure what exactly are you referring to. If you are trading on MT5, the MetriX does not show the trades exactly as seen in the platform due to different inner working of the MT5. Our IT team is developing a way for the MetriX to be displaying the positions better, but it might take a few more weeks. As for the SPX500, I don’t see a reason why it shouldn’t work so kindly contact us directly at [email protected] so we can actually review your account and assist you further. Thank you.

Quoting doyathink
{quote}{quote} interesting... how does this affect FTMO traders and applicants?
Hi Doyathink, This does not really affect FTMO Traders or the traders who are in our evaluation process as technically we are not a broker (we do not accept any direct money deposits or open live accounts for our clients).

Quoting robots4me
Interesting posts and comments -- I'm still (always) learning... I have a question for FTMO or anyone else who cares to advise... I've been exploring different prop traders and currently trading with one. I trade algorithmically -- 28 pairs using one or more EAs. At any one time there will typically be > 20 open positions. If I have to Exit those positions at market close every Friday then I'm toast. I've only found one prop trading service that allows trades to remain open over the weekend. So, my question to FTMO is: is it fair to say that FTMO's...
Dear Robots4me, we can’t comment on other prop firms, but we do allow use of EAs, so algorithmic trading itself is not an issue. Once you trade FTMO Account though, you have to close your positions prior to any market closure, which is longer than 2 hours. (https://ftmo.com/en/faq/do-i-need-to...ons-overnight/). If your strategy doesn’t work without holding trades through the weekend, we are unfortunately not a good fit for your trading. As we do not limit the numbers of positions or the position sizes, we need to have the weekend holding limitations in order not to expose our capital to inappropriate risk.

Quoting Koop
{quote} Hey man, it seems FTMO is better suited for Day traders or short term swing traders at most. Funny how you're worried about not being able to hold trades over the weekend when they don't even let you hold trades overnight ( i think) Lol. Best to work with a firm whose conditions fit your trading strategy and style or see if you could make any adjustments. Good to know your EA can trade that much positions and still be able manage risk within "that" prop firm's tight limits.
Hello Koop, The limitations on holding positions on FTMO Account is that you may not hold positions through any market closure longer than 2 hours. For the vast majority of all the offered instruments, this implies that you have to close the position prior to the Friday’s market closure as most instruments have only brief market closure during Monday-Friday session. There are some exceptions like DE30 (GER30), which closes at 21:00 and opens at 00:15, so the positions in DE30 have to be closed daily. Risk management is our top priority (as it should be for any trader) and by not allowing FTMO Traders holding positions through longer market closures, we greatly reduce our exposure to possible market gaps.

Quoting Ak386
I ask you how this difference can happen, 306 trades in MT4 and 205 trades in the Metrix with the same profit, $ 5,637.62 This is impossible to happen. This only happens to me? {image}
Hi Ak386, there are multiple systems in place for fetching data from trading platforms to the MetriXes and the balance and equity is tracked by different system than the trades itself. Kindly get in touch with us directly so we can investigate and correct your MetriX. Please accept our apology for the confusion and inconvenience caused.

Quoting Trader-IT
I have searched more than once on the FTMO site and here on FF. I will be asleep, but I haven't found this answer. With a fully funded account (example): - I have a profit of 3% - 2% withdrawal (which is divided with FTMO). After this withdrawal, what % remains, to reach 10% and obtain the doubling? That is ... withdrawing money, damage growth? Please, give me an official link to this info, sur site FTMO. Thanks
Hi Trader-IT, the amount of profits you withdraw does not have any significance for assessing your account for eligibility for scaling. In order to have your FTMO Account eligible for scaling, your net profit for last 4 trading periods must be at least 10% while at least 2 of the last 4 trading periods have to be profitable. You can read more on scaling here. https://ftmo.com/en/scaling-plan/
To answer your further post about the withdrawals not being explicity described on our website - we considered such statement redundant. Since the withdrawals are not mentioned, it implies these do not affect the eligibility for scaling. Anyways, I will pass your feedback along and it is possible we might explicitly mention this fact on our website.

Quoting FXsniper111
I have a question if you get funded say 100k are still a daily max loss of 5k and total max loss off 10k ore is it only the max loss off 10k....would be best if there where only the max loss of 10k would give you a lot more wiggeling room and easier to make more money...Cause i am to take two more free triels and then try a challenge...
Hi Fxsniper111, The Max Daily Loss and Max loss stays the same on Challenge/Verification/FTMO Account. We believe that traders should limit their loses and take a break if they incur significant losses in one day as revenge trading is a common phenomenon. By having Max Daily Loss even during FTMO stage, we hope to help our traders achieve better results. By staying within the Max Daily Loss limit, traders also show discipline, which is a core skill we are looking for in our FTMO Traders.

Quoting dak99
What's the deal with FTMO providing Demo accounts after succeeding the challenge? Quoting their website: To avoid any confusion, FTMO provides to its clients demo accounts with virtual capital in all stages of the cooperation. That makes it look like their business is mostly making money of people failing challenges and taking part of these profits to pay the few who succeed. Any thoughts?
Hello Dak99, the FTMO Accounts are demo accounts (and the positions executed on the FTMO Accounts are algorithmically copied to our live mast accounts). By having this setup, we greatly limit the possible risks of losing a large amount of funds to possible hacks or bad acting. We can also make sure positions are closed prior to the weekend not exposing our capital to gaps and so on. This system proved reliable and the strengths far outweigh the weaknesses.

Quoting robots4me
{quote} @Takisd -- your post got me to thinking. I don't know for sure, but I highly doubt FTMO (or other prop firms) make their money from challenge schemes. The challenges are simply a way of filtering serious traders from non-serious traders. And your C-book explanation makes sense to me. I used to wonder why the FTMO folks even needed us. I mean, if they are such great traders and have access to all this money then why don't they just trade it themselves? In fact, after you get funded, the bar goes way down and you don't even have to do such...
Hello Robots4me, by having lots of individual traders, we both diversify the risks and the traded positions are small enough not to have any impact on the markets overall. We are risk averse and prefer steady profit on low risk rather than risk and hope. We have won the fast 50 Deloitte award for Central Europe second time in row and extensive audits were made by Deloitte prior to giving us the award.

Quoting Takisd
Gotta say that the server performance I am experiencing in verification stage is very bad. Sometimes 3 second delay compared to my other live accounts. When I watch the FTMO feed only I got faked out twice because of price feed frozen giving me wrong price action to co-inside with a signal... Can only price watch on my other datafeeds because of lack of reliability. Not sure what it is, I am pinging fine to the server, I restarted all my internet stuff and my pc to cross check if it was me, but it appears not.
Hi Taksid, Can you please contact us directly at [email protected]? The delay you describe would be a serious issue for us as the traders would effectively see 3 seconds into future. We are monitoring our platform and are not observing any delays so we would like to investigate your case. Thank you

I hope I covered all the questions and concerns that were raised regarding our rules and operations. Once again I want to point out that in order to get a response in a timely manner, you can always contact us on chat or via email at [email protected]. Wishing you the best of luck with all your trade setups,
Tomas
  • #5,030
  • Dec 17, 2020 3:34am Dec 17, 2020 3:34am
Quoting Tomas-ftmo
Hello Everyone! Hope you made some good profits since the last time. Have you noticed the changes on our Free Trials? Stocks and more instruments are finally available on new Free Trials since this Monday, testing is going smooth and unless we encounter any unforeseen issues, we will be rolling these to the rest of our accounts within a few weeks. We have lots of traders trading large volumes and thus new commissions structure is being tested on the Free Trials to help us cover the costs. There will be some changes to the commissions implemented...
@Tomas -- excellent responses. Thank you...
  • #5,031
  • Dec 17, 2020 4:05am Dec 17, 2020 4:05am
Quoting Tomas-ftmo
Hello Everyone! Hope you made some good profits since the last time. Have you noticed the changes on our Free Trials? Stocks and more instruments are finally available on new Free Trials since this Monday, testing is going smooth and unless we encounter any unforeseen issues, we will be rolling these to the rest of our accounts within a few weeks. We have lots of traders trading large volumes and thus new commissions structure is being tested on the Free Trials to help us cover the costs. There will be some changes to the commissions implemented...

Hi Tomas,

As stated I wasn't entirely sure on what was the problem. I wasn't getting the problem with other platforms but I couldn't say without a doubt that it was FTMO's or my fault, i let it go for a bit then it fixed the next day after rollover. Next time I'll report it in to you guys to check.

Cheers.
  • #5,032
  • Dec 17, 2020 7:05am Dec 17, 2020 7:05am
hi i want to ask that, if i became trader each month my max loss reset?
rookie trader. 1 year fx trading experience.
  • #5,033
  • Dec 17, 2020 7:55am Dec 17, 2020 7:55am
Quoting bureuk
hi i want to ask that, if i became trader each month my max loss reset?
Nope. Max loss doesn't reset monthly because your account balance doesn't reset either. It must never go below 10% of funded account balance (minus profits). On the other hand, daily loss limit resets every day.
  • #5,034
  • Dec 17, 2020 8:38am Dec 17, 2020 8:38am
Hi Tomas, as someone who has been quick to criticize in the past, I just wanted to thank you for all the questions you've answered here so helpfully, and to wish FTMO and its staff all favourable Season's Greetings. I recognize that you're genuinely taking comments on board, including adverse ones, and improving your service. Thank you.
  • #5,035
  • Dec 17, 2020 8:44am Dec 17, 2020 8:44am
Quoting Koop
{quote} Nope. Max loss doesn't reset monthly because your account balance doesn't reset either. It must never go below 10% of funded account balance (minus profits). On the other hand, daily loss limit resets every day.
If one does not withdraw monthly profits, it acts as cushion.
Intraday only.
  • #5,036
  • Dec 17, 2020 10:40am Dec 17, 2020 10:40am
Sorry I have a question for anyone. I am not clever with numbers! If I have a 100000 challenge and first day I make a profit of 2000 on the next day can I make a loss of 7000 and still be OK or is it the maximum loss calculate on 5% of 102000 which I think is 5100?
  • #5,037
  • Edited 11:15am Dec 17, 2020 10:47am | Edited 11:15am
Hello Thomas,
Good to see the increased days-to-profit.

Does FTMO have plans for providing/supporting options trading?
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #5,038
  • Dec 17, 2020 5:39pm Dec 17, 2020 5:39pm
Has anyone had problems paying these guys?

I thought that I would get a challenge account but for some reason my card is being declined. They are using some Polish card handler called "Payu" and another one (looks Russian) called "Decta" but my bank is not accepting. The other guy was correct - they don't accept Paypal.
  • #5,039
  • Dec 17, 2020 6:22pm Dec 17, 2020 6:22pm
Quoting Bizziebee
Sorry I have a question for anyone. I am not clever with numbers! If I have a 100000 challenge and first day I make a profit of 2000 on the next day can I make a loss of 7000 and still be OK or is it the maximum loss calculate on 5% of 102000 which I think is 5100?
daily loss is 5000 no matter the equity...
Insanityoing same ting over expecting different results..Einstein
  • #5,040
  • Dec 18, 2020 1:41am Dec 18, 2020 1:41am
Quoting Mtinifx
Has anyone had problems paying these guys? I thought that I would get a challenge account but for some reason my card is being declined. They are using some Polish card handler called "Payu" and another one (looks Russian) called "Decta" but my bank is not accepting. The other guy was correct - they don't accept Paypal.
Faced the same problem but turned out that the problem was from my bank as they had imposed an international spending limit on my card. Complain to FTMO live chat and if they can't do anything then hit your bank or card provider up.
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