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FTMO - For serious traders

  • #5,341
  • Jan 21, 2021 5:21am Jan 21, 2021 5:21am
I will await an official response from FTMO (Thomas). Nothing “entitled” about my message to him. Within the last couple of weeks he has replied to someone saying they will have a look at their HFT EA, so it was a reasonable assumption on my part that they would be interested. After all, if it is a genuine partnership between the trader and FTMO, then there is a need/desire to work together.

what I don’t get is why it works in their free trial, but not the actual challenge. Seems a bit misleading, especially when both are essentially demo accounts. Has anyone else experienced something similar?

And for the critics, that 100% return in 5 days was due to the first COVID 19 vaccine being discovered. It usually returns around 2-3% per day. And you’ve already seen the max loss.
  • #5,342
  • Jan 21, 2021 5:33am Jan 21, 2021 5:33am
Quoting ia1979
I will await an official response from FTMO (Thomas). Nothing “entitled” about my message to him. Within the last couple of weeks he has replied to someone saying they will have a look at their HFT EA, so it was a reasonable assumption on my part that they would be interested. After all, if it is a genuine partnership between the trader and FTMO, then there is a need/desire to work together. what I don’t get is why it works in their free trial, but not the actual challenge. Seems a bit misleading, especially when both are essentially demo accounts....

this is what happens to my trategy when market doesnt behave. happens once per month or so or when i do mismanagement. this in particular was a friday when i should not trade. otherwise, i rarelly if ever take a loss. propably something similar happened to your ea

in any case i as well do not see any reason why ftmo should work on a n individual's ea's

each person has his style of trading and what they do is split the risk between traders, if one cannot pass the 2 step evaluation, then get better and try again. it is up to ones will and learning abillity to be profitable, not anyone elses
Attached Image
offering my system to copy trade. check my link
  • #5,343
  • Jan 21, 2021 6:08am Jan 21, 2021 6:08am
Quoting ia1979
, that 100% return in 5 days was due to the first COVID 19 vaccine being discovered. It usually returns around 2-3% per day. And you’ve already seen the max loss.
Then if you are going to compare the trial results with your challenge results, why don't you share a screenshot of one of the trials where the EA performed well under normal market conditions with the purported 2-3% daily gains instead of this one which was greatly skewed by a certain event? Providing the challenge results would be nice to see as well if you wouldn't mind.
  • #5,344
  • Jan 21, 2021 6:25am Jan 21, 2021 6:25am
I don’t think you guys are getting it. Thomas has already offered to look at someone else’s HFT EA, which is why I asked the question. It might just be that HFT EAs don’t work well with FTMO’s copy trading model, and if that’s the case, fine. Or it could just be that this particular EA doesn’t work well with their copy trading.

I just find it misleading when both the trial and challenge are on demo accounts, then why does it work on one and not the other.

The reason I posted the results from the last one was because that’s the last one that I did. If FTMO are interested, then we can try it again on a new trial and a new challenge to compare the results. But if they are not interested, then I don’t want to waste my time on it. My interest was piqued due to Thomas’ response to someone else.

I lost money on a challenge account using the same EA, and had to then manually recover it.
  • #5,345
  • Jan 21, 2021 7:25am Jan 21, 2021 7:25am
Quoting ia1979
I don’t think you guys are getting it. Thomas has already offered to look at someone else’s HFT EA, which is why I asked the question. It might just be that HFT EAs don’t work well with FTMO’s copy trading model, and if that’s the case, fine. Or it could just be that this particular EA doesn’t work well with their copy trading. I just find it misleading when both the trial and challenge are on demo accounts, then why does it work on one and not the other. The reason I posted the results from the last one was because that’s the last one that I did....
I'd put money on you arbing and them having an anti arb filter on the proper accounts.
  • #5,346
  • Jan 21, 2021 7:42am Jan 21, 2021 7:42am
Quoting Takisd
{quote} I'd put money on you arbing and them having an anti arb filter on the proper accounts.
Not an arb strategy. Simply requires zero commission and very low spread. Dax on the FTMO trial account was perfect. Large lot trading with very tight stops that trail.
  • #5,347
  • Jan 21, 2021 8:04am Jan 21, 2021 8:04am
Quoting ia1979
{quote} Not an arb strategy. Simply requires zero commission and very low spread. Dax on the FTMO trial account was perfect. Large lot trading with very tight stops that trail.
seen a ton of those ea's and tested twice on demo and once on my account (never ftmo)

on demo they were exquisite, or real they were always loosing.

i not once while i trade trusted any ea. i only tried once, and i always trade with my skills, i nver took signals or aything. everythign was is and will be my own. i will be responsible for either my downfall or my rise.

on demo everything works, always

i made 15k up to 150k in half an hour on demo just for fun.

wouldnt do that on real
offering my system to copy trade. check my link
  • #5,348
  • Jan 23, 2021 7:13am Jan 23, 2021 7:13am
Yo, this place is getting too quiet for my liking. It's weekend!!! Where are all the complaints and critics??
  • #5,349
  • Jan 23, 2021 7:32am Jan 23, 2021 7:32am
Quoting Koop
Yo, this place is getting too quiet for my liking. It's weekend!!! Where are all the complaints and critics??
most lost money and got out of trading
Allergic to bullshitters, never argue with fools
  • #5,350
  • Jan 23, 2021 7:46am Jan 23, 2021 7:46am
Hi guys, I have just started a challenge using cTrader and I've noticed a big difference in pip values for certain instruments compared to MT4.
For example when trading XAGUSD or WTI on MT4 a move of one dollar = 100 pips, however in cTrader a move of one dollar = 1 pip.
This seems odd and is going to take a while to get used to seeing 0.1 pip moves, so I'm wondering if this is intentional or can it be changed?

Thanks
  • #5,351
  • Jan 23, 2021 9:20am Jan 23, 2021 9:20am
Quoting Muhammedfx
{quote} most lost money and got out of trading
Not all!

I might have been skeptical of their business model but it doesn't alter the fact that they are probably the No. 1 firm in the Prop trading game with by far the most positive reviews. One has to concede that when it comes to trading rules, they have the easiest to follow. No consistency rules, no margin rules and one can use EA's.

OK the maximum daily loss is the big hassle but I suppose really it comes down to one's trading system and trading strategy. Eventually one is going to find out whether one's trading system is good, bad or downright ugly.
  • #5,352
  • Jan 24, 2021 7:50am Jan 24, 2021 7:50am
Vademecum on the changes made by FTMO (from Monday, 25th January 2021):

1) The "old" symbols have passed into the "Close Only".
2) The "new" symbols are already present on the Market Watch.

If you work with these symbols, if you have to/want to close and/or open new charts, you can prepare yourself from now, without waiting for the Monday opening.
-- Do things calmly and judiciously.

Recommended:
-- First of all, create one more new Template/Profile for the new changes.

-- Pay attention to the decimal places. Often they have changed, and therefore any (usual) parameters (TP-SL) must be absolutely modified.

-- If you use some indicators, it is possible that on some, you will have to change "something" (maybe) :
-- Indy-EA-script for Renko - Range bars etc.
-- Indy level full price and fractions.
-- Indy on the calculation of pips compared to the price.
-- indy-EA-script control TP/SL.
-- Check the changes (contract specifications) on Market hours (open/close).
-- Check for variations on the pips value.
-- Include commission costs that have been added in any calculations.

"Starting from Monday, 25th January 2021, the following symbols on all platforms will be set to 'Close Only': AUS200, EUR50, FR40, GER30, HK50, J225, SPN35, SPX500. US100, WS30, XLCUSD, XBTUSD.
No new positions may be opened on these symbols and the symbols will be deprecated in the upcoming future."

https://ftmo.com/en/symbols/
I've seen things you people wouldn't believe
  • #5,353
  • Jan 24, 2021 11:07am Jan 24, 2021 11:07am
Also note that the list of discontinued symbols is not complete, on the previous forum entry, or on the FTMO site.

If you trade anything besides forex pairs, better to check and see if you'll be affected.

For example, UK100 and WTI will be close only now... new symbols replace them.

This info is from the Market Watch on the MT4 platform.

Better trading hours, though... only 1 hour closed daily on the UK100.
  • #5,354
  • Jan 24, 2021 10:10pm Jan 24, 2021 10:10pm
the new .cash symbols are kinda gross. Heaps of pointless ticks, messes with all indicators that use averages. US30 for example. The tick moves are 50c per tick but its showing 2 decimals, but the last decimal is useless because the price is set to only tick in certain sizes. Its weird. Just another thing i have to "be aware" of with FTMO.
  • #5,355
  • Jan 25, 2021 3:03am Jan 25, 2021 3:03am
@ftmo-Thomas

When will this "double sunday opening" be fixed? Pivot points on monday are all messed up, and I have to make all the charting on some other broker.
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Just look at this mess. But the new indexes are fine. I hope you make the change soon and that we will have normal conditions like most of the brokers have.
  • #5,356
  • Edited 5:44pm Jan 25, 2021 9:46am | Edited 5:44pm
Quoting touchstoneR
{quote} They are wrong. Mine was not a fabricated complaint.Only that i was a little too impatient to get my first cut and all that working days jargon did not seat well with my impatient soul. Lols!!! Got paid according as the system was programmed. See my payment certificate. {image}
how long it took for them to release your profit share after you submitted the invoice ?

I spoke with them today. They say profit spilit process could take upto 5 days.

If it is more than 5 days, what you say is right.
Intraday only.
  • #5,357
  • Jan 25, 2021 10:14am Jan 25, 2021 10:14am
second challenge done, just like the first.
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  • #5,358
  • Jan 25, 2021 10:30am Jan 25, 2021 10:30am
Quoting Takisd
second challenge done, just like the first. {image}
in one day?

Simply great.
Intraday only.
  • #5,359
  • Jan 25, 2021 10:51am Jan 25, 2021 10:51am
Quoting navk
{quote} in one day? Simply great.
Both times i did it in one day.

Strategy works, the .cash symbols confused the crap out of my indicator though so i had to use my other platform for analysis. There are way too many ticks on the .cash symbol and sometimes it ticks at .5 or .3 and other times .05 and then locks its very weird for price averages.
  • #5,360
  • Jan 25, 2021 11:00am Jan 25, 2021 11:00am
Quoting Takisd
{quote} Both times i did it in one day. Strategy works, the .cash symbols confused the crap out of my indicator though so i had to use my other platform for analysis. There are way too many ticks on the .cash symbol and sometimes it ticks at .5 or .3 and other times .05 and then locks its very weird for price averages.
will I finish tomorrow? I dunno.
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Intraday only.
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