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Attachments: FTMO - For serious traders
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FTMO - For serious traders

Quoting Takisd
{quote} 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.
Thank you for your response. I'll wait to see what FTMO support replies to this matter.
FTMO is 100% legit
I got my profit split and my fee’s refunded.
Trade what you see, not what you think.
FTMO is legit and the do pay to traders who are still funded.

But from my experience and perspective, let me tell you exactly what is really going on:

Outside of collecting fees, FTMO pushing on traders "bad quotes", as they are definitely re quoting for their monetary gian purposes.
They are pushing wider quotes on you as it a part of their business model to get the difference between liquidity provider and quotes to you, the trader. That is a partial reason you are always trading in demo mode.

Every time you place a trade, they earn on requote. They do not give a damn if you feel that you got a "bad fill". As usual it is always "something with the servers" but it is not, it is just an excuse.

I also doubt very much they ever place any trades of the Funded Trader to the real world, maybe very few traders they do.

So now, you know the business model. Yes, they will pay to funded traders, but now you know at what and whose cost.

It is a "business model", so either deal with it or get off the boat.
Quoting driven18
FTMO is legit and the do pay to traders who are still funded. But from my experience and perspective, let me tell you exactly what is really going on: Outside of collecting fees, FTMO pushing on traders "bad quotes", as they are definitely re quoting for their monetary gian purposes. They are pushing wider quotes on you as it a part of their business model to get the difference between liquidity provider and quotes to you, the trader. That is a partial reason you are always trading in demo mode. Every time you place a trade, they earn on requote....

You basically contradicted yourself in the same paragraph... If they aren't passing trades onto the market in some way, there is no reason to provide a bad fill. The only reason to provide a less than perfect fill is to clip the ticket of a trade that is going to liquidity and earning the difference. Based on their pricing structure, they don't even need to do that because they are above liquidity prices already and based on their published stats they are earning a good 7 figures clear per month in revenues without the need to mess things up.
Requote is of course something that can happen, especially when it comes to copy trading systems but given the current pricing there is no reason for them to provide bad fills or constant requotes as it wouldn't be advantageous unless someone is trading against their server and not against the market.
They need the orders to go to the market to turn a significant profit, they might not go instantly to the market but they need to be executed in some way.
Quoting Takisd
{quote} You basically contradicted yourself in the same paragraph... If they aren't passing trades onto the market in some way, there is no reason to provide a bad fill. The only reason to provide a less than perfect fill is to clip the ticket of a trade that is going to liquidity and earning the difference. Based on their pricing structure, they don't even need to do that because they are above liquidity prices already and based on their published stats they are earning a good 7 figures clear per month in revenues without the need to mess things...
I agree, if they do pass the trades to the market - it is at their prices or at the prices already build in into the quote, and they do get piece of the action every time trader Buys or Sells. Nothing wrong with that if it is a "legit per standards" and not "extra" widening of the quotes.

You stated "it wouldn't be advantageous unless someone is trading against their server and not against the market."

Notice, I said "if they do pass the trades". Because all of us trade in demo account, I am not so sure about it.(I am being very polite here)

Because there is always something going on with "quotes/"servers" on their end, it is possible some other manipulations going on.

Again, as long as FTMO pays(and they do) Funded Traders - all is Good, no matter what the business model is.
Quoting Trader-IT
{quote} 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...
I am a stupid. It is always necessary to read everything first..
At the bottom of the "ACCOUNT METRIX" page, it is clearly written:
"THE DISPLAYED RESULTS ARE AUTOMATICALLY UPDATED EVERY 10 MINUTES".

However it was always "easy" like today ... https://trader.ftmo.com/metrix?share=81fe5cb6396e
I've seen things you people wouldn't believe
Does anyone use a similar tool (indy MT4), with the % values correct for different days ... week ... month ... initial period?
Because mine, is obviously wrong.

Maybe, only the daily % is right.

Attached Image
I've seen things you people wouldn't believe
Last two things (unfortunately):

1) I have read in recent months "commissions on indices yes ... now no ... now they are there".
To me, these 4 trading days cost -658.09$ to commissions.
I would like (with a funded account) to have some of this money in my pocket. Or is it just my idea?

2) I asked in chat, but I'm not convinced of the answer.
Tomas said that there are now on test, additional instruments to trade, but only on the trial account.
Unfortunately, there is no detailed list of tools for trading with a funded account (a lack of almost all prop companies, which have more than 28 classic pairs).
I could do 100 trial by getting used to one or more tools, which I would then not find on the funded account.
Excuse me, but this is not a good thing, for a trader who does not only work with the usual classic pairs.

Who has a funded account can you tell me, please, now which ones he finds in the Market View:
- (close only) ger30 - DE30
- (cash) ger30.cash - us500.cash
- (futures) SPX500.
In the final, there are 3 German indices and 2 S&P500.

Thanks for your help.
I've seen things you people wouldn't believe
Quoting Trader-IT
Does anyone use a similar tool (indy MT4), with the % values correct for different days ... week ... month ... initial period? Because mine, is obviously wrong. Maybe, only the daily % is right. {image}
the % you see will change by the history option under the acct history tab you select...for example,if last month, the result may show up differently for today than if only today.
Attached Image

this version works fine.
[attach]i-Profittracker_[RU-EN].ex4;3817924[/attach]
there is always, always another trade!!
Quoting profitfarmer
{quote} the % you see will change by the history option under the acct history tab you select...for example,if last month, the result may show up differently for today than if only today. {image} this version works fine. {file}
Thanks profitfarmer. You have been very kindly.

It's the same version I have.
It just never worked well with prop accounts. Don't ask me why.

Even now, on my personal account, it works and I can view the correct results, using settings from 1 to 5.
With the props (three different ones), it only works with 1 enabled and therefore the data is wrong.

Your version must have some changes in the code, because it also works on FTMO 1 to 5.
Ehhhh .... memory from thread "As simple as possible: 00 level trading".

Thanks.
On the left my version. On the right yours. A big difference

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I've seen things you people wouldn't believe
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Be happy, friendly, humble and winner!!
Quoting robots4me
{quote} {image} Hey potty mouth, I happened to catch a screenshot of your last post before you deleted it. You claimed I couldn't count. Instead, it appears you can't read. I sense we are now entering what is known as the "Idiot Zone". Post your address and I will ship my stinky socks to you. And I'll warn you in advance you'll need a lot of ketchup to help them go down...
merry christmass thanks for contributions

is something like this possible with that indicator you made also an alert added for gap n ribbon havent done the whole chart but think youll get the idea off my hand doodle

i just copied the distance inbetween the your original and drew with hand and ruler dont know wether its possible in code


happy holidays
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Best wishes for Happy Holidays to all.

A due update on the indicator in post 5069.
He has been downloaded 19 times. It is possible that these 19 Traders did not know this indicator.

Just some key points about this:
1) the number of pips is correct, only if there are transactions exclusively on currency pairs. A single operation on other instruments, and the count is wrong.
2) the monetary value is always (and in any case) correct.
3) all values refer to calculations based on closed transactions, except for the "current" item which, on the contrary, refers only to open transactions.
4) The calculations are based on the sum of all the transactions present in the MT4 history. The presence of only 1 indicator is sufficient.
5) the value expressed for the week, refers to the last 5 trading days (including today) and not to the calendar week.
6) the % value, on the other hand, requires a more detailed and is very, very important explanation. You may have a wrong evaluation of your results if you don't know this info (regarding the subsequent info, I can guarantee that they are safe, having used and checked this indicator, for several thousand hours).

Conditions referring only to the % calculation:
a) the complete history must be present. With an alternative or custom period, you will have "different" results.
b) in the indicator settings (menu), there is an "eiPercent" item. This item is meant to set the % calculation on a predefined period and will be right for that period ONLY.
To give an example, the number 5 refers to the calculation on an annual basis. In this case, the % will be correct ONLY for the year and all others will not be correct. If you select number 1 (day) it will be right ONLY for the day and wrong for all other periods.
c) the % calculated for each the day with the date present (four values in total) will always be inaccurate, as there is no appropriate calculation (in %) in the indicator code and relative setting (number) in the indy menu.

As a result of all the different points expressed above, over the years I have changed this indicator many times, also creating "minimalist" versions, with display of only even some information.
As written in another post, they all still work today, but only on personal accounts. On accounts of 3 different prop companies, no. Until the version posted by profitfarmer.
Found the mq4, I could also modify this version and it corresponds (as values) to 100% of the original.

Changes applied:
- presence in the configuration menu of the explanation referring to the "eiPercent" numbers.
- exclusion of the value in pips.
- exclusion of the 4 day values (those with the date).
- insertion of a starting value of the calculation (for example referring to the date of opening the account). But this I will be able to check if it is correct, only in a couple of weeks, with the new year.
- now the chart remains clean after removing the indicator.

Attached Image

Attached File(s)
File Type: ex4 Indy EOS Total Profit mod Prop.ex4   50 KB | 80 downloads


If a lot of information provided by this indicator is superfluous, there is a version "only open trades and daily result".
Very practical and safe to control the risk/result of the moment and of the day. To make sure you stay within the parameters of the prop company.
You can find this here.
I've seen things you people wouldn't believe
Quoting Trader-IT
Best wishes for Happy Holidays to all. A due update on the indicator in post 5069. He has been downloaded 19 times. It is possible that these 19 Traders did not know this indicator. Just some key points about this: 1) the number of pips is correct, only if there are transactions exclusively on currency pairs. A single operation on other instruments, and the count is wrong. 2) the monetary value is always (and in any case) correct. 3) all values...
on a wym chap do you know of anything that auto sets a stop loss x distance away when you enter a trade as some places specify you have to have a stop in instantly some give you 2 mins others none many thanks
Hi
can anyone tell me what ftmo’s crypto trading hours are please?
In mt4 btc and xrp have stopped quoting for the last 25 mins.
i currently have open positions and cannot close as it says market closed since 10:59 server time.
thanks
Quoting RoninTheory
{quote} on a wym chap do you know of anything that auto sets a stop loss x distance away when you enter a trade as some places specify you have to have a stop in instantly some give you 2 mins others none many thanks

Yes. I wrote something about a similar instrument a few days ago.
Great tool. Reliable.
Also works on pending (pending orders)


Quoting Trader-IT
{quote} I wrote a post in response to this, where I warned that an "almost" identical tool I was using, was creating big problems for me. I finally downloaded what you indicated, and it's perfect. Hundreds of orders set up to perfection and no problem moving -after- the levels. It was fair to make this review. Thanks for your advice. PS: since it is a free tool and can be downloaded from the official Metaquotes website, I have no problem resubmitting the link. https://www.mql5.com/en/market/product/15743 {image}
.
I've seen things you people wouldn't believe
Quoting Tdrjj
Hi can anyone tell me what ftmo’s crypto trading hours are please? In mt4 btc and xrp have stopped quoting for the last 25 mins. i currently have open positions and cannot close as it says market closed since 10:59 server time. thanks

open a 1 minute or 5 minute chart and go back over the last few weeks, and you will soon see what their hours are...
this is the most reliable method, I believe. Another method is right click on the instrument in Market Watch, then select Specifications. This tells you the official hours charted and traded.
Quoting Trader-IT
{quote} Yes. I wrote something about a similar instrument a few days ago. Great tool. Reliable. Also works on pending (pending orders) {quote} .
thanks for the reply and imformation have a great day
Quoting doyathink
{quote} open a 1 minute or 5 minute chart and go back over the last few weeks, and you will soon see what their hours are... this is the most reliable method, I believe. Another method is right click on the instrument in Market Watch, then select Specifications. This tells you the official hours charted and traded.

Hi,
thanks, I found a post here from back in August stating the close between 11:00 and 18:00 CET every Saturday.
Hello to All, Can someone give me an idea of the average spread on Gold - I am seeing around 24-25 points at the moment - would this be the average - my broker is showing around 12-13.

If anyone can give me an idea that would be greatly appreciated.

Cheers to all
maahome
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