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FTMO - For serious traders

  • #5,421
  • Jan 28, 2021 2:30am Jan 28, 2021 2:30am
Quoting navk
{quote} how do you manage trades? Copy trade from one firm to other prop. firm possible?
Yes, it is possible, it's also possible to be cross platforms. ie MT4 -> cTrader, cTrader -> MT5, etc.
I personally use trade-copier, you can search it in the web.
adapt or be killed
  • #5,422
  • Jan 28, 2021 3:06am Jan 28, 2021 3:06am
Quoting slappymove
{quote} Again, congratulations! Wow you received your verification account already, I wonder when mine will be given, it's been almost 2 days. xD
very good. keep posted.

Verification is comparatively easier.
Intraday only.
  • #5,423
  • Jan 28, 2021 5:29am Jan 28, 2021 5:29am
Is it possible to change the pip measurements in cTrader?
Looking at Silver at ICM I see a move measured as 54.7 pips.
At Ftmo the same move is measured as 0.5 pips.
This isn't normal.
  • #5,424
  • Jan 28, 2021 8:01am Jan 28, 2021 8:01am
Quoting nikosk0
{quote} well 2% weekly dd is just absurd. i'd rather have a 5% daily on equal capital. for me to make th equal amount i am making on ftmo every day on 200k funded i would need more than 1m with 2% weekly dd. there is absolutly no point to it. you prety much dont have 1m to trade with, you have 20k to trade with, every week. with ftmo i got 10k every day to trade with +20k overall +any kind of profit i make overall. say you got from 10k to 12k, your new week capital cannot go lower than 11760. the dd does not increase with the money you make. (this...
Yes, 2% is absurd, there are also firms with "consistency" rules, minimum days/trades rules, etc. The lowest of any firm I use/will use is 4%. These firms have no daily limit though. So, in reality, you're only 1% lower than FTMO. Although max DD is 10% with FTMO, you really cannot have more than 5% DD at any time (even less when the account is in profit). I believe FTMO to be the #1 choice and if you're only going to work with one firm, FTMO would be it. I was just trying to demonstrate to these folks that keep coming on here stating it's better to trade your own $500 account with maxed out leverage what is possible if you actually treat this like a serious business and manage a large amount of capital, you can actually make a great deal of money with realistic (2-3% per month) returns.
  • #5,425
  • Jan 28, 2021 11:28am Jan 28, 2021 11:28am
hey guys,

My verification.

Will I finish tomorrow ? Is it not too early?

Just asking.

Attached Image (click to enlarge)
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Intraday only.
  • #5,426
  • Jan 28, 2021 11:52am Jan 28, 2021 11:52am
Quoting navk
hey guys, My verification. Will I finish tomorrow ? Is it not too early? Just asking. {image}

lol why aren't you hiding your numbers today Navk?

Good going
  • #5,427
  • Jan 28, 2021 11:54am Jan 28, 2021 11:54am
Quoting Koop
{quote} lol why aren't you hiding your numbers today Navk? Good going
because of good going.

Intraday only.
  • #5,428
  • Jan 28, 2021 12:11pm Jan 28, 2021 12:11pm
Quoting Koop
{quote} lol why aren't you hiding your numbers today Navk? Good going
my challenge was Real Roller Coaster.

Final 1 week made the difference.
Intraday only.
  • #5,429
  • Jan 28, 2021 1:45pm Jan 28, 2021 1:45pm
Quoting navk
{quote} my challenge was Real Roller Coaster. Final 1 week made the difference.
+11.25% on 11 days funded

i could certainly avoid those dips. my previus verifications had no dips at all. i target 0.3-0.8% per trade
Attached Image
offering my system to copy trade. check my link
  • #5,430
  • Jan 28, 2021 4:32pm Jan 28, 2021 4:32pm
Quoting nikosk0
{quote} +11.25% on 11 days funded i could certainly avoid those dips. my previus verifications had no dips at all. i target 0.3-0.8% per trade {image}
nice.

I have noticed that I avoid those dips if i trade less in general. Focus on quality signals and go from there.
  • #5,431
  • Jan 28, 2021 5:44pm Jan 28, 2021 5:44pm
Quoting nikosk0
{quote} +11.25% on 11 days funded i could certainly avoid those dips. my previus verifications had no dips at all. i target 0.3-0.8% per trade {image}
Very good.
And it is possible to concentrate only on quality signals as funded trader.
For challenge, i felt, every day trading is must due to time limit
Intraday only.
  • #5,432
  • Jan 29, 2021 12:42am Jan 29, 2021 12:42am
Quoting Takisd
{quote} nice. I have noticed that I avoid those dips if i trade less in general. Focus on quality signals and go from there.
they were indeed quality signals. the problem with the first it was friday and i had to forsibly close the trades 5m before weekend and the second was on a pair that i am not 100% that system works as usual

i know know
offering my system to copy trade. check my link
  • #5,433
  • Jan 29, 2021 1:55am Jan 29, 2021 1:55am
Quoting nikosk0
{quote} +11.25% on 11 days funded i could certainly avoid those dips. my previous verifications had no dips at all. i target 0.3-0.8% per trade {image}
Solid growth man. I'm not one for the pressure of daily gain targets but you seem to be making it work.
Your target was between 500-800euro when you were trading the single account right? is it now 1000-1600 daily?
  • #5,434
  • Jan 29, 2021 2:53am Jan 29, 2021 2:53am
Quoting nikosk0
{quote} they were indeed quality signals. the problem with the first it was friday and i had to forsibly close the trades 5m before weekend and the second was on a pair that i am not 100% that system works as usual i know know
will you stop trading for the day when the daily target hits 1 % ?
Intraday only.
  • #5,435
  • Jan 29, 2021 3:01am Jan 29, 2021 3:01am
Quoting Koop
{quote} Solid growth man. I'm not one for the pressure of daily gain targets but you seem to be making it work. Your target was between 500-800euro when you were trading the single account right? is it now 1000-1600 daily?
THANKS man. the target depend on you and you alone, do not take what i do for granted. i may tell you everything i do and you could still loose. lots of factors involved, you really need to figure your own

my acc in is euro so i'll talk dollars so no misanderstang will happen.

i target 2k daily on 200k account.
BUT
once i reach a certain profit i want in a month, then i will look for the best possible setup to make 6-10k on a single trade. i did get one trade like this as you can see from my balance chart, i will try to get at least 3 of those trades within the 30day cycle.

my minimum goal per month is +10% so after that i am prety much free. my actuall goal is +20% (hnce the 2k/day) i'll give it 2-3 trades to try and exceed that 20%

we'll see how that goes.

but as i said. the fact that i found the way to do it does not mean that you will do it even if i tell you exactly how. you really gotta find your own way to trade, the one you are most comfortable with.

be comfortable, i think it is the most important, not the strategy not the psucology, or its a part of psycology

below you will see a trade that cuntly is up 0.7%

i will let it run to +4.5% if it goes. one the few trades i was talking about above
Attached Image (click to enlarge)
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offering my system to copy trade. check my link
  • #5,436
  • Jan 29, 2021 3:02am Jan 29, 2021 3:02am
Quoting navk
{quote} will you stop trading for the day when the daily target hits 1 % ?
if i achieve it early (before NY open), then no, i keep trading but wil minimal risk, trying to do it 1.2% or 1.4%
reason for that is that i will encounter losses, that small wins minimize one full loss
offering my system to copy trade. check my link
  • #5,437
  • Jan 29, 2021 3:10am Jan 29, 2021 3:10am
Quoting nikosk0
{quote} if i achieve it early (before NY open), then no, i keep trading but wil minimal risk, trying to do it 1.2% or 1.4% reason for that is that i will encounter losses, that small wins minimize one full loss
that is good idea.

Only in London session, it is possible to hit 0.7 to 1 %.

Yeah.
Intraday only.
  • #5,438
  • Jan 29, 2021 5:39am Jan 29, 2021 5:39am
Ha....ha...

Hoooo

My Verification stage.

Too fast. Just 3 days only.

Another 7 days will be boring though.

Attached Image (click to enlarge)
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Intraday only.
  • #5,439
  • Jan 29, 2021 6:31am Jan 29, 2021 6:31am
I thank Tomas - FTMO and lots of FTMO Funded traders who gave valuable guidance, support & Encouragement in achieving this status.


Intraday only.
  • #5,440
  • Jan 29, 2021 7:02am Jan 29, 2021 7:02am
Hi again everyone,
the first month of 2021 is slowly beginning to end and I’m back to update you on certain topics and to answer some of your questions.
As you already know, we’ve introduced a massive update in our last post regarding new symbols. Since then, we’ve been working hard closely monitoring all platforms and symbol functionality in order to keep all our operations smooth and are happy to say we have encountered no major issues.

I’m also glad to see that the forum is quite alive and interesting topics are being discussed, however, I would like to point out that this forum was created to keep the FTMO community up-to-date and to answer all kinds of your questions related to our company and our operations. In recent months, some of you have gotten used to addressing your own specific cases through this platform, which is not what this platform is intended for. Note that we usually need more specific information in order to solve your particular issue and back and forth communication is needed. We are also bound by GDPR regulations which greatly limit the amount of information we can provide on a public forum such as this one. Therefore, I kindly ask you not to address your specific cases on the forum here, but rather through our support at [email protected]. You’ll get much faster responses. Please, bear in mind that not everyone might be interested in in-depth dissection of your cases, especialy since the techincal issue can be caused on your side and impacting only your account. The thread can become clogged with these posts fairly quickly. You are welcomed to give feedback on any of the aspects of our company and put up any related questions, which is, after all, the whole idea of this thread. I make this request due to the increasing amount of such situations being handled here and specifically in response to the post from Trader-IT (https://www.forexfactory.com/thread/...8#post13376238). Thank you for your understanding.

Now that we’ve adressed our points, let’s finally get to yours:
Quoting Trader-IT
{quote} First of all, thanks for the replies. Other problem. On Sunday (closed market) I prepared my MT4 to use the new symbols and I advised everyone, in my previous post on the Forum, to do the same. With the opening of the Asian market, I experienced a noticeable slowdown of the platform and a noticeable use of my HD (I have a $ 3500 computer). I postponed everything to this afternoon (Italy) and when the MT4 was restarted I found myself (due to increased data traffic on the feed) with the platform frozen and I was forced to close while my computer...
Hello Trader-IT,
I believe we have identified the issue and already communicated it to you via email.
For everyone else: The issue was caused by EA that Trader-IT was using that was trying to request a history of more than 2 Billion candles while the MT4 Platform has a technical maximum built in of 250K candles.

Quoting maahome
Hello Tomas, "Quoting maahome {quote} Payment for challenge with PayPal is not available (Payouts to PayPal are however). cheers maahome Hi Maahome, I have to correct you there, we can send profit splits via bank transfer or Skrill only." Apologies for the incorrect info. Regards maahome
Hi Maahome, no worries, all forgiven. Up-to-date info can be always found on our website.

Quoting nikosk0
i find the most challenging thing in the ftmo account to be NOT TO TRADE ON RESTRICTED EVENTS. since i never used to check about news, never cared about them nor do i care now. een lucky till now but need to get my mind in place to chacke for news every day.... dammit. +2% on real acc in 4 days (200k), see how that goes
Hi Nikosk0, as macroeconomic events can impact the market quite heavily, we need all our traders to be aware of them. Some of the announcements can cause such a high impact on the volatility and liquidity, that in order to protect our capital, we require FTMO traders not to trade during these announcements. There’s not too many of restricted news, so I believe following them should be easy for you.

Quoting dariko
For the DAX instrument the conditions worsened quite significantly due to the fact that the spread for DE30 was 0.90 eur and for GER30.cash is 0.70 eur + the commission 0.56 is a total of 1.26 eur, in the industry, for example, the Ticmill broker is 0.80 eur spread without commission, so the conditions at FTMO were a bit worse and worsened even more
Hello Dariko, if we consider all of the tradeable instruments, the trading conditions got better overall. With the increasing number of available asset classes and also increasing number of our traders, we had to find a way to cover the commissions we regularly pay to our liquidity providers. I believe the percent/volume commission system is a fair solution for both sides.

Quoting TrendLover
Hello friends, It seems that the economic calendar on the FTMO website has the wrong times. I already notified the support team. {image}
Hello TrendLover, thank you for submitting the screenshot, the Economic Calendar did not show certain upcoming news correctly at the time. Thanks to your alert, the issue has been quickly fixed already. Please accept our apology for this issue.

Quoting MatDerKater
n00b here with lazy question. MT4, both for TA, and for executing orders, is fkn terrible, compared with virtually any other brokerage or 3rd party platform. I currently use MotiveWave, albeit getting data from a broker different to the one I trade on. MotiveWave is an awesome charting/trading platform, the best I ever come across, period, but charting with data that doesn't quite match my brokers data, is problematic. Does FTMO offer APIs to 3rd party trading platforms (I notice it uses various brokers and I know that LMAX do offer API's to corporate...
Hi MatDerKater, if MetaTrader 4 or 5 do not suit you, cTrader is also available. Especially if you’re looking for multiple chart tabs, cTrader might be what you are looking for. Trading on the Challenge/FTMO Account using any other trading platform is currently not possible.

Quoting fx11trade
@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. {image}{image} 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.
Hello Fx11trade, we were discussing this topic with Trader-IT in the previous post. Delta-vega for example wrote that he considers the server time being aligned with the time important for Max Daily of crucial importance. The „double opening“ on Monday is caused by the server time, which is set in a way the Max Daily Loss resets exactly at midnight of the server time. We intended to change the server time to GMT+2 on a New Year’s Eve, however, we’ve later decided not to perform the change as the midnight CE(S)T (Max Daily Loss reset) would be offset from the midnight server time.
This topic is still on the table and we are currently gathering feedback from our traders.

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.
Hello Takisd, congratulations on passing the Evaluation Process. As the .cash symbols are quoted by different liquidity providers, your indicator that is used to different symbols naturally needs to be adjusted. Regarding the price quoting of the new .cash symbols, we’ve informed our IT department and we’re currently investigating for any unusualities.

Quoting navk
ha...ha..hoohoo Done finally.
Hi Navk, great to see you sucessfully passing the Challenge! I can see you’ve achived the Profit Target of the Verification as well, well done.

Quoting forecks
Anyone else have this issue? I started a challenge on Jan 21, but my account metrix displays a start date of Jan 1 and an end date of Jan 31. Thanks.
Hello Forecks, that seems as a simple tech issue with the data values. Please contact us directly at [email protected] so we can investigate the case and our IT department will correct your MetriX.

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...
Hi Rayder4Life, the reason FTMO Account is not a live account is purely for security and legal purposes. If our traders had direct access to the live market, we would have absolutely no control over our capital. By having the FTMO Accounts connected to our live accounts, we are able to implement certain security features that prevent the trader from making unnacaptable losses.
We are not cooperating with any 3rd party broker and FTMO Solution does not mean that we are a broker company. We connect our traders with the live-market Datafeed provided by the liquidity providers we cooperate with. I believe this is the most favorable solution for our traders.

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.
Hi again Forecks, most of our traders are focusing on trading mainly Forex, therefore we’re aiming to provide the best conditions primarily on the most traded assets. Also please note that we’re incorporated the new symbols just recently, therefore the spread still may get adjusted in the future.

Quoting forecks
Is it possible to change the pip measurements in cTrader? Looking at Silver at ICM I see a move measured as 54.7 pips. At Ftmo the same move is measured as 0.5 pips. This isn't normal.
Hi again Forecks, I’ve informed our IT department to about the particular instrument, we’ll check the specifications in the trading platform and perform an investigation.


Alright, that should be it for today. Many topics were discussed and I believe most of them are now resolved. In conclusion, we’re glad that the transition to the new symbols went smoothly as such major changes are not being implemented every day and I believe we can now call it a successful transition. We hope you enjoy the new trading possibilities and wish you the ebst of luck with all your trade setups.
See you all next time. Enjoy the weekend and happy trading!

Tomas
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