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FTMO - For serious traders

  • #5,381
  • Jan 26, 2021 2:14pm Jan 26, 2021 2:14pm
I am further vocalizing my complaint about the .cash symbols. There are so many non existent ticks and the decimal shifts in price etc are very strange. As long as we get paid i guess but its very weird.
  • #5,382
  • Jan 26, 2021 3:12pm Jan 26, 2021 3:12pm
the spreads also are above any industry standard i ever saw, by the way, how is it made that as a participant in the challenge you use a demo account to take the challenge, and also you use a DEMO account connected to a main live account of the firm, why do they need such high spreads and plus comissions on a demo account, to mimic the live trading conditions, i dont get it, the trading conditions are purely horrible, with what broker are they working with ? they say its a ftmo solution, well that means ftmo is a broker in the clear saying. and also why not use a broker that has close to 0 spreads and low commision, instead of this ftmo solution that is anything but close to industry standard ?
  • #5,383
  • Jan 26, 2021 3:13pm Jan 26, 2021 3:13pm
Quoting Takisd
I am further vocalizing my complaint about the .cash symbols. There are so many non existent ticks and the decimal shifts in price etc are very strange. As long as we get paid i guess but its very weird.
And what's with the massive spread increase?
It went from 2 pips to now 14 pips..
  • #5,384
  • Jan 26, 2021 3:32pm Jan 26, 2021 3:32pm
Quoting Takisd
I am further vocalizing my complaint about the .cash symbols. There are so many non existent ticks and the decimal shifts in price etc are very strange. As long as we get paid i guess but its very weird.
I managed to solve my problem with GER30.cash.
With the free trial data feed, no problem. With the challenger data feed: frozen platform.

Unfortunately we are probably two special cases. Me with Renko and problems loading a "big" history, you probably with a problem with indicators or EAs that deal with ticks.
99% of Traders look at normal candles and do not suffer from any problems. It just doesn't show up or is not seen.
On the other hand, if you don't notice any problems ....

I solved it by drastically reducing the loading, by MT4, of the max number of bars. From the maximum allowed (never had any problems with FTMO to date), to a loading of 10,000 bars.
Significant decrease which, fortunately, does not harm me in any way.

I'm just sorry that I went crazy to understand and fix (only from my side) the mess caused by this feed transition that are not (yet) in place.
Thanks for the day and a half wasted not working.
And thanks too, for the microscopic flaw in my logic and confidence.

But let's go on without thinking, which is better. For me and for everyone.

Ps:
the "problem" of the last decimal place, his "strange behavior", I pointed out too. Three times.
And the "problem" of the spread? Also.
I've seen things you people wouldn't believe
  • #5,385
  • Jan 26, 2021 3:40pm Jan 26, 2021 3:40pm
I forgot ....
99.9% of Traders do not deal with .cash products.
Nothing has changed on the FX.
I've seen things you people wouldn't believe
  • #5,386
  • Jan 26, 2021 3:49pm Jan 26, 2021 3:49pm
Can you guys clarify sharing your current spread? On my side, free trial spreads are looking pretty normal. I just want to know what’s going on bc I’m planning to start a challenge next month
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  • #5,387
  • Jan 26, 2021 3:51pm Jan 26, 2021 3:51pm
FBS spreads in comparison

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  • #5,388
  • Jan 26, 2021 3:57pm Jan 26, 2021 3:57pm
ICMarkets.

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  • #5,389
  • Jan 26, 2021 4:27pm Jan 26, 2021 4:27pm
Quoting 7Billions
Can you guys clarify sharing your current spread? On my side, free trial spreads are looking pretty normal. I just want to know what’s going on bc I’m planning to start a challenge next month {image}
Spreads are normal. FX and xauusd are ok.
If you want to see some data, I have posted all the data and statistics in the past.

For new tools:

Neutral judgment:
With the gain of one decimal place in the price, there is a multiplication x 10 of the spread.
If before it was 7 pips (price with one decimal place), now it is 70 pips (price with two decimal places).
For me nothing changes, because the range (x10) has also changed, etc.

Neutral judgment:
Sorry for the added fees. However, actually, the spread is lower and, in the end, they are still reasonable.
They do not affect profit.

Negative judgment:
- data feed on .cash tools not yet in place.
- In some cases, unreasonable spread outside the usual hours.
For example Ger30.cash, one hour before the close of the American Market, goes from 70 pips to 830 pips.
It is slowly decreasing throughout the Asian market.

Positive judgment:
The hours of some instruments have increased. More hours ... more possibilities (Spread permitting ).
I've seen things you people wouldn't believe
  • #5,390
  • Jan 26, 2021 4:49pm Jan 26, 2021 4:49pm
Quoting Rayder4Life
the spreads also are above any industry standard i ever saw, by the way, how is it made that as a participant in the challenge you use a demo account to take the challenge, and also you use a DEMO account connected to a main live account of the firm, why do they need such high spreads and plus comissions on a demo account, to mimic the live trading conditions, i dont get it, the trading conditions are purely horrible, with what broker are they working with ? they say its a ftmo solution, well that means ftmo is a broker in the clear saying. and...
Lol always blowing everything outta proportion this guy. I'm waiting to see the first positive statement you make regarding FTMO.

If you're going to complain about spreads, at least be specific about the instruments as others have done. FX spreads seem to actually be very very close to ECN industry standards for the most part of each day (sometimes even tighter on crosses like GBPNZD compared to my brokers). But they get terrible around rollover, which is to expected.

When you say conditions are "purely horrible", one has no idea what you're talking about as you use these blanket terms without giving any particular details. Be specific if you want them to take notice and make improvements.

The .cash issues definitely need serious attention, seen a few more complaints on another thread.
  • #5,391
  • Jan 26, 2021 4:50pm Jan 26, 2021 4:50pm
Quoting Trader-IT
I forgot .... 99.9% of Traders do not deal with .cash products. Nothing has changed on the FX.
I am trading NQ and DOW in my challenge and after the shift suddenly i was trading futures so had to shift to cash to get normal CFD`s again so no issue now...
Insanityoing same ting over expecting different results..Einstein
  • #5,392
  • Jan 26, 2021 9:03pm Jan 26, 2021 9:03pm
Why is the BTC spread so high at $80? This makes day trading BTC a bad idea. At IC Markets the spread is only $20-30.
  • #5,393
  • Jan 26, 2021 9:15pm Jan 26, 2021 9:15pm
Quoting forecks
Why is the BTC spread so high at $80? This makes day trading BTC a bad idea. At IC Markets the spread is only $20-30.
How else do you think these "prop firms" are making money?
  • #5,394
  • Jan 26, 2021 10:05pm Jan 26, 2021 10:05pm
Quoting kCBHk
{quote} How else do you think these "prop firms" are making money?
Sure but if the spread was more reasonable more people would trade it.
  • #5,395
  • Jan 26, 2021 10:32pm Jan 26, 2021 10:32pm
Quoting Takisd
{quote} congrats welcome to the club
They have given me a certificate for successful Challenge completion ( )

And also they sent login credentials for verification phase.

I am yet to start.
Intraday only.
  • #5,396
  • Jan 27, 2021 3:03am Jan 27, 2021 3:03am
Quoting navk
{quote} They have given me a certificate for successful Challenge completion ( ) And also they sent login credentials for verification phase. I am yet to start.
That is great! I hope to join you early next week

FOMC today so trading is a bit dangerous
  • #5,397
  • Jan 27, 2021 3:52am Jan 27, 2021 3:52am
Quoting forecks
{quote} Sure but if the spread was more reasonable more people would trade it.
Such "prop firms" are typically trying to reach out to people and sell them a dream. People will continue to get suckered in because they think that by passing FTMO (and other such companies)'s challenges, they are professional traders.
  • #5,398
  • Jan 27, 2021 5:24am Jan 27, 2021 5:24am
Quoting kCBHk
{quote} Such "prop firms" are typically trying to reach out to people and sell them a dream. People will continue to get suckered in because they think that by passing FTMO (and other such companies)'s challenges, they are professional traders.
Did they reach out to you?
or You wish you had part in this?
on a postive roll...
  • #5,399
  • Jan 27, 2021 7:04am Jan 27, 2021 7:04am
Quoting kCBHk
{quote} Such "prop firms" are typically trying to reach out to people and sell them a dream. People will continue to get suckered in because they think that by passing FTMO (and other such companies)'s challenges, they are professional traders.
Just went through your post history.. yeh no, i don't think you are an authority on what a professional trader is. Bye felicia
  • #5,400
  • Jan 27, 2021 9:54am Jan 27, 2021 9:54am
Quoting kCBHk
{quote} Such "prop firms" are typically trying to reach out to people and sell them a dream. People will continue to get suckered in because they think that by passing FTMO (and other such companies)'s challenges, they are professional traders.
You have come yestrday on FF and you think that can make distinguish what is real and unreal!? Can you explain me what is pip!?
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