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FTMO - For serious traders

  • #5,041
  • Dec 18, 2020 8:16am Dec 18, 2020 8:16am
Quoting Koop
{quote} 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.
Thanks for that. Yes but it was them. My bank said that there was not even a transaction on their side.

Anyway just to let everyone know that this morning (probably after numerous complaints!) they have added WORLDPAY

And of course using Worldpay my payment went through without any problems.
  • #5,042
  • Dec 18, 2020 8:31am Dec 18, 2020 8:31am
Thanks for the info on WORLDPAY, Mtinifx.

I started a DEMO-test on FTMO, Wednesday ...

Damn ..... https://trader.ftmo.com/metrix?share=81fe5cb6396e
I've seen things you people wouldn't believe
  • #5,043
  • Dec 18, 2020 9:20am Dec 18, 2020 9:20am
Quoting Trader-IT
Thanks for the info on WORLDPAY, Mtinifx. I started a DEMO-test on FTMO, Wednesday ... Damn ..... https://trader.ftmo.com/metrix?share=81fe5cb6396e
Lol in 3 days. Now pass the challenge and see how you instantly abandon 5ers after your first pay out.
  • #5,044
  • Dec 18, 2020 9:36am Dec 18, 2020 9:36am
Quoting Koop
{quote} Lol in 3 days. Now pass the challenge and see how you instantly abandon 5ers after your first pay out.


For everyone...
Try to check this thing:
if Matrix does not update after a while, close the platform in use.
Now it is updated instantly (in case update the Browser page again, due to the possible cache).

It works for me.
I've seen things you people wouldn't believe
  • #5,045
  • Dec 18, 2020 9:56am Dec 18, 2020 9:56am
Quoting Koop
{quote} Lol in 3 days. Now pass the challenge and see how you instantly abandon 5ers after your first pay out.
However, we must not forget that, in the free trial, the profit target is only 5%.

Now I would be halfway in a challenge.
I've seen things you people wouldn't believe
  • #5,046
  • Dec 18, 2020 10:20am Dec 18, 2020 10:20am
Quoting Trader-IT
{quote} However, we must not forget that, in the free trial, the profit target is only 5%. Now I would be halfway in a challenge.
yeah, you would have about 18 more days to repeat/replicate what you did in 3 days, don't be so humble IT Lol.

btw, in the other comment, did you mean MT4, Ctrader etc when you said "close the platform"?
  • #5,047
  • Dec 18, 2020 11:12am Dec 18, 2020 11:12am
Hi everyone, I have a question about FTMO, I read that it was forbidden to trade for a Prop Firm in France even having created a company because apparently there is no real invoice, employment contract.. and it is was considered like money laundering. Can someone advise me, I didn't find anything on AMF website (Financial Markets Authority (France). Thank you
  • #5,048
  • Dec 18, 2020 11:35am Dec 18, 2020 11:35am
Quoting Koop
{quote} Lol in 3 days. Now pass the challenge and see how you instantly abandon 5ers after your first pay out.
Or.......pass 3 challenges, keep scaling with the 5%ers and have 2 more firms as I have discussed with both of you.
  • #5,049
  • Dec 18, 2020 11:50am Dec 18, 2020 11:50am
Quoting Koop
{quote} yeah, you would have about 18 more days to repeat/replicate what you did in 3 days, don't be so humble IT Lol. btw, in the other comment, did you mean MT4, Ctrader etc when you said "close the platform"?
I've seen several times, Matrix not updating right away (I mean seconds).
Everyone wants to see results, right after an operation (I think).

I noticed that by closing the platform (MT4 for me), the data updated immediately.

Maybe it's just a coincidence, but my guess is that, by closing the platform, the data is immediately sent to the monitoring system.
Otherwise, the system would update after X seconds/minutes.

On the other hand, a real-time update (and for thousands, perhaps tens of thousands, of users) would require processing a huge amount of data.
If you have been around for many years like me, you will know very well that trading servers already require significant data bandwidth and heavy processing. If you also add to this multi-data control systems like a Matrix, it is difficult for anyone to manage.

PS:
yes ... any type of trading-related platform, not just MT4.
I've seen things you people wouldn't believe
  • #5,050
  • Dec 18, 2020 11:58am Dec 18, 2020 11:58am
Quoting Trader-IT
{quote} However, we must not forget that, in the free trial, the profit target is only 5%. Now I would be halfway in a challenge.
true,

doing 5 % is easier than real challenge 10 %.
Intraday only.
  • #5,051
  • Dec 18, 2020 12:07pm Dec 18, 2020 12:07pm
Quoting navk
{quote} true, doing 5 % is easier than real challenge 10 %.
But also half the time on triel and 5%
Insanityoing same ting over expecting different results..Einstein
  • #5,052
  • Dec 18, 2020 12:57pm Dec 18, 2020 12:57pm
Quoting pipmaster77
{quote} Or.......pass 3 challenges, keep scaling with the 5%ers and have 2 more firms as I have discussed with both of you.
Lol "too much money" does not exist.
  • #5,053
  • Dec 19, 2020 10:20am Dec 19, 2020 10:20am
Who is trading bitcoin?

Is crypto currency tradable during weekend?

If it is tradable, it is positive for traders because all 31 days can be traded
  • #5,054
  • Dec 19, 2020 11:14am Dec 19, 2020 11:14am
Quoting Phronesis24
Who is trading bitcoin? Is crypto currency tradable during weekend? If it is tradable, it is positive for traders because all 31 days can be traded
Its mentioned on the previous page via Tomas at FTMO https://www.forexfactory.com/thread/...0#post13317300
Trade with confidence, trade without fear.
  • #5,055
  • Dec 19, 2020 11:36am Dec 19, 2020 11:36am
Quoting Cryptosurf
{quote} Its mentioned on the previous page via Tomas at FTMO https://www.forexfactory.com/thread/...0#post13317300
Thanks mate, I found it

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.
  • #5,056
  • Dec 19, 2020 2:32pm Dec 19, 2020 2:32pm
@Thomas-ftmo. What Taksid said about your server is true. The ftmo server was seriously lagging, this past week, please Thomas talk to your technical crew about it, 3 seconds is underestimating the issue, it stands still for 8 seconds!. 5 seconds and that intermittently within every 3 to 5 minutes, not to mention that it's extremely slow, just too slow compared to previous weeks. Please do something about it thanks
  • #5,057
  • Dec 19, 2020 3:28pm Dec 19, 2020 3:28pm
Quoting i-5
@Thomas-ftmo. What Taksid said about your server is true. The ftmo server was seriously lagging, this past week, please Thomas talk to your technical crew about it, 3 seconds is underestimating the issue, it stands still for 8 seconds!. 5 seconds and that intermittently within every 3 to 5 minutes, not to mention that it's extremely slow, just too slow compared to previous weeks. Please do something about it thanks
Agreed. The data feed was lagging, hanging at times greater than 10 secs. Watching price update on MT4 app on a mobile phone but lagging on my trading computer was a little disconcerting!
  • #5,058
  • Dec 20, 2020 12:32am Dec 20, 2020 12:32am
Go back to IC Markets and other brokers

It looks like FTMO broker issues will last for sometime........just work on it at the company pace.

In the mean time give us access to the reputable brokers you used previously.
  • #5,059
  • Dec 20, 2020 6:00am Dec 20, 2020 6:00am
Quoting Tomas-ftmo
What you point out on gives us the ability to refuse to progress a trader to FTMO stage in cases like the recent use of the HFT strategies that return a profit on the demo account but loses on our live accounts.
How could I know if your live accounts could handle a HFT system that is profitable on your demo servers?
  • #5,060
  • Dec 20, 2020 6:53am Dec 20, 2020 6:53am
Quoting Iddo
{quote} How could I know if your live accounts could handle a HFT system that is profitable on your demo servers?

Knowing metatraders servers, knowing the speed you can copy trades in metatrader or via bridge i'd say that any high speed trading would not work with the way they are set up. Its also unmanagable flow it kicks liquidity providers and can make prices really bad. Generally flow that is of this nature requires a higher spread to assure execution and maintenance of liquidity relationships.
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