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FTMO - For serious traders

  • #5,441
  • Jan 29, 2021 7:34am Jan 29, 2021 7:34am
Quoting pipmaster77
{quote} So spot on. I love it. I am using 2 prop firms (FTMO being one of them) and will be adding a 3rd, possibly a 4th as well. When all scaling is complete, I will be managing 4 million and shooting for about 2-3% PER MONTH. Everyone can do the math, I'll get between 50-70% split among the various firms. So do the math and if you can earn that kind of money on your own account.....more power to you. One firm goes down, I'll simply add another, risk diversification at it's finest.
Hmm I wish u good trading, Can I ask about your trading setups. Are they the same in all prop firms? Using copy trading soft?

Regards
  • #5,442
  • Jan 29, 2021 9:05am Jan 29, 2021 9:05am
Quoting navk
Ha....ha... Hoooo My Verification stage. Too fast. Just 3 days only. Another 7 days will be boring though. {image}
volatility is your friend it seems Congrats! Welcome to the funded trader world. Don't mess up the verification, 0.01's only be sure to get through.
  • #5,443
  • Jan 29, 2021 9:14am Jan 29, 2021 9:14am
Quoting Tomas-ftmo
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...

Hi Tomas,

Thats all well and good but your price is unnatural. It also is creating multiple instances of close at market slippage which is unmonitorable. Most of my trades, including the ones moving my direction but without a limit TP are being slipped on close.

The indicator thing I have dealt with by using a futures feed and executing on the cash symbol but there aren't that many ticks in the market so you should consider doing something about filtering it. You should also be concerned that your traders require a feed elsewhere to analyze your symbols accurately.

As a broker theres no way i would allow this many ticks into a feed because it damages relationship with the customers (they would think I am slipping them all the time).

I know that FTMO slipping me isn't really beneficial to anyone, just thought I'd pass on some expertise to you from me.

Cheers.
  • #5,444
  • Jan 29, 2021 9:18am Jan 29, 2021 9:18am
Quoting Takisd
{quote} volatility is your friend it seems Congrats! Welcome to the funded trader world. Don't mess up the verification, 0.01's only be sure to get through.
yeah, 0.01 lot , 7 days.
Intraday only.
  • #5,445
  • Jan 29, 2021 9:22am Jan 29, 2021 9:22am
Quoting navk
{quote} yeah, 0.01 lot , 7 days.
I know that feeling I went above my target enough to do 0.1's to fill the void a bit but 0.01s are the sane way to do it.
  • #5,446
  • Jan 29, 2021 9:28am Jan 29, 2021 9:28am
Quoting Takisd
{quote} I know that feeling I went above my target enough to do 0.1's to fill the void a bit but 0.01s are the sane way to do it.
it is going to be boring next 7 days.

Nothing like trading for challenge or verification.

ha..ha..
Intraday only.
  • #5,447
  • Jan 29, 2021 10:08am Jan 29, 2021 10:08am
does anyone know what the rules are for trading an ftmo account from the uk? ive tried to open a business account with starling and transferwise and they wont touch me with a barge pole as soon as financial / fx is mentioned - they keep telling me i need to be regulated? is this the case and if not - who can i open a business account with and how do you do it? if i cant get ftmo to send my
profit split to a uk based online bank im pretty much stuffed. thanks
  • #5,448
  • Jan 29, 2021 10:13am Jan 29, 2021 10:13am
Quoting navk
{quote} it is going to be boring next 7 days. Nothing like trading for challenge or verification. ha..ha..
Congrats friend nice to see you in funded world
  • #5,449
  • Jan 29, 2021 10:28am Jan 29, 2021 10:28am
Quoting mizi123
{quote} Congrats friend nice to see you in funded world
thank you.

A big change from normal trading life with few thousands of own fund to huge fund.

Best opportunity is there to make money.

Very important to me is daily max loss 5000 $
Intraday only.
  • #5,450
  • Jan 29, 2021 10:31am Jan 29, 2021 10:31am
Quoting Takisd
{quote} I know that feeling I went above my target enough to do 0.1's to fill the void a bit but 0.01s are the sane way to do it.
i was so bored in my 2nd verification that i activly traded in a way i did one 2lot trade per day
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 33 KB
offering my system to copy trade. check my link
  • #5,451
  • Jan 29, 2021 10:33am Jan 29, 2021 10:33am
Quoting navk
{quote} thank you. A big change from normal trading life with few thousands of own fund to huge fund. Best opportunity is there to make money. Very important to me is daily max loss 5000 $
trade safe, steady and slow wins the game.

no rush to make it in 10 days

only take the best setups

and once funded only take the best of the best setups.
dont compromise oyur trades, making profit is the goal, how much of it you will see at the end of each month, little by little they do sum up.

wish you a stady growth.

good luck
offering my system to copy trade. check my link
  • #5,452
  • Jan 29, 2021 10:35am Jan 29, 2021 10:35am
Quoting nikosk0
{quote} trade safe, steady and slow wins the game. no rush to make it in 10 days only take the best setups and once funded only take the best of the best setups. dont compromise oyur trades, making profit is the goal, how much of it you will see at the end of each month, little by little they do sum up. wish you a stady growth. good luck
thank you, yes, I shall keep this in mind.
Intraday only.
  • #5,453
  • Jan 29, 2021 3:30pm Jan 29, 2021 3:30pm
Quoting navk
Ha....ha... Hoooo My Verification stage. Too fast. Just 3 days only. Another 7 days will be boring though. {image}
Congratulations Navk. I am happy for you
  • #5,454
  • Jan 29, 2021 5:59pm Jan 29, 2021 5:59pm
Quoting pipmaster77
{quote} So spot on. I love it. I am using 2 prop firms (FTMO being one of them) and will be adding a 3rd, possibly a 4th as well. When all scaling is complete, I will be managing 4 million and shooting for about 2-3% PER MONTH. Everyone can do the math, I'll get between 50-70% split among the various firms. So do the math and if you can earn that kind of money on your own account.....more power to you. One firm goes down, I'll simply add another, risk diversification at it's finest.
Interesting. Do you use copy-trading software to trade on your accounts? or do you trade each account individually?
  • #5,455
  • Jan 29, 2021 6:04pm Jan 29, 2021 6:04pm
Can someone please help me understand the new commissions at FTMO.

Previously, as I understand, there were no commissions on indices, but now there are PERCENT / VOLUME commissions.

So say in the case of the US30 (Dow Jones):

1 Dow Jones futures contract has a nominal value of $5 x DJIA.

As of today it it is (5*29982.62), for simplicity sake we will say $150,000.

So with the FTMO commission being .001 as PERCENT / VOLUME, does that mean trading the equivalent of 1 Futures contract would cost $150 in commissions?
  • #5,456
  • Jan 30, 2021 1:09am Jan 30, 2021 1:09am
Quoting Takisd
{quote} volatility is your friend it seems Congrats! Welcome to the funded trader world. Don't mess up the verification, 0.01's only be sure to get through.
hey mate, d oyou know what the tax system with ftmo is in our country? i've sent you a message previusly but i guess you didnt see it. normal forex is 10% but cant find anything about beign funded. reply to message if you'd like
offering my system to copy trade. check my link
  • #5,457
  • Edited 9:04am Jan 30, 2021 8:34am | Edited 9:04am
Hi Funded traders,

I was chatting with chat service about holding open positions during week end.

They said, in case if Funded trader feels to hold open positions over the week end, they must take prior approval well in advance before Friday close. This must be taken in writing.

Any funded trader did this in the past?

Tomas- FTMO, your reply in general is appreciated.

Thanks.
Intraday only.
  • #5,458
  • Jan 30, 2021 12:19pm Jan 30, 2021 12:19pm
Quoting navk
Hi Funded traders, I was chatting with chat service about holding open positions during week end. They said, in case if Funded trader feels to hold open positions over the week end, they must take prior approval well in advance before Friday close. This must be taken in writing. Any funded trader did this in the past? Tomas- FTMO, your reply in general is appreciated. Thanks.

My understanding was that you can't hold over weekend and if you trade CFD's you can't hold overnight. I make sure i am out of the market before roll over and by 1pm friday NY time.
  • #5,459
  • Jan 30, 2021 2:39pm Jan 30, 2021 2:39pm
Quoting navk
Hi Funded traders, I was chatting with chat service about holding open positions during week end. They said, in case if Funded trader feels to hold open positions over the week end, they must take prior approval well in advance before Friday close. This must be taken in writing. Any funded trader did this in the past? Tomas- FTMO, your reply in general is appreciated. Thanks.
i talked to a funded trader once who said he got aprovall to be able to hold trades over the weekend, but from what i saw from his myfxbook account he traded very small and i think he was aiming for like 10-20% yearly
  • #5,460
  • Jan 31, 2021 1:52am Jan 31, 2021 1:52am
Quoting Rayder4Life
{quote} i talked to a funded trader once who said he got aprovall to be able to hold trades over the weekend, but from what i saw from his myfxbook account he traded very small and i think he was aiming for like 10-20% yearly
ok.
Intraday only.
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