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FTMO - For serious traders

  • #5,761
  • Feb 14, 2021 8:32am Feb 14, 2021 8:32am
Regardless of their business model and whatnot, as with everything (including trading), i believe the best time to get into the game or trend is EARLY.. early enough to make some quick money before the trend weakens and crashes or get in early and ride it till you milk it for all it has to offer before it crashes. That's all we should care about, making some money while it's still possible as we on this end don't know for sure how the company is run or how long the model will last.

Just get your challenge fee back then "move your SL to breakeven" and ride till the beautiful trend ends.
  • #5,762
  • Feb 14, 2021 9:19am Feb 14, 2021 9:19am
There is absolutely no way they would pay someone 10x a refunded deposit in a month if they were bucketing... Do the freakin math and stop the stupid claims. Even if its just 3% of traders who make a total of 5% of the 100k account they would already be bankrupt if it was only the fees. It doesn't require discussion beyond the numbers.
  • #5,763
  • Feb 14, 2021 9:58am Feb 14, 2021 9:58am
If I was going to start a prop firm one day, I would definitely hire Koop as a consultant or maybe even invite him in as a partner cause he knows everything about the prop businesses of all sorts and is just so positive about the 'industry' that he would make it thrive by expressing nothing but positivity about it. His positivity and enthusiasm is so contagious IMHO.

Ps: hi buddy.
  • #5,764
  • Edited 10:55am Feb 14, 2021 10:37am | Edited 10:55am
".. I believe the best time to get into the game or trend is EARLY.. early enough to make some quick money before the trend weakens and crashes or get in early and ride it till you milk it for all it has to offer before it crashes."


Koop, very good and sound advice - get the grab of FTMO money before the pyramid collapses.

All on boaaaaaard!(so pyramid can continue and will never collapse )
  • #5,765
  • Feb 14, 2021 10:43am Feb 14, 2021 10:43am
Quoting ryuryu
Guys, I have a question. I have all my stuff with mt5, but ftmo allows only mt4 for free challenge. How you think is it will be ok if I'll run simple copier from my mt5 to their mt4 account? P.S. Still thinking about one logic problem... If someone can constantly earn 10% per month why the world there is a need of ftmo or other prop firm? It is extremely easy to get an investor who will be happy with 1% especially in Europe where the bank rates can be even negative... May be the purpose is only use it as a good way to improve trading skills because...
why don't you start a free trial and get it working there? if it works there, it'll work in the challenge, I'd wager... and all the other stages. Don't know for sure, though.
  • #5,766
  • Feb 14, 2021 11:52am Feb 14, 2021 11:52am
Quoting Koop
{quote} Read the rules properly so you have a good idea of what you are getting into. You are not expected or required to make 10% "constantly", only ONCE!!!! JUST ONCE!!!!!
Once? So you pass the challenge, then pay to get funding and lose? Nice idea, men!

Quoting doyathink
{quote} why don't you start a free trial and get it working there? if it works there, it'll work in the challenge, I'd wager... and all the other stages. Don't know for sure, though.
Because free challenge is only on mt4 platform, but I have mt5.
Observer effect
  • #5,767
  • Feb 14, 2021 12:04pm Feb 14, 2021 12:04pm
There isnt one single bad review of ftmo regarding their business or payouts or whatever, I really dont know what is the problem here? Every few months there comes a troll that says ftmo is a scam that attracts more trolls and more shit posts...
  • #5,768
  • Edited 4:33pm Feb 14, 2021 3:44pm | Edited 4:33pm
Quoting ryuryu
{quote} Once? So you pass the challenge, then pay to get funding and lose? Nice idea, men! {quote} Because free challenge is only on mt4 platform, but I have mt5.
"Because free challenge is only on mt4 platform, but I have mt5."

Ah, the boy who equates @eelfranz's death with Hitler's... So -- you want a free challenge? Just another whiner...

And you boast of being an expert coder, yet can't figure out how to interoperate between MT5 and MT4? Well, okay, I'll take pity and give you a clue how it all works...

When you sign up with FTMO (or any prop firm, for that matter), you download an FTMO-branded version of MT4 along with login credentials. The FTMO-branded version of MT4 knows how to talk with FTMO's broker. In case it's not clear -- you must get your trade requests to FTMO's broker and not your personal FX broker or my personal FX broker in order for FTMO to be able to track your progress.

Now -- there is more than one way to get trade requests to FTMO's broker but the simplest is through their FTMO-branded version of MT4 because it comes pre-configured with network (socket) settings that allow the FTMO-branded version of MT4 to talk with their server. In case it is not clear, when I say "talk" I don't really mean to actually speak, rather, I mean the network packets sent from your local PC (using the FTMO-branded version of MT4)will get properly routed to FTMO's server. @ryuryu -- are you still with me, son?

Okay -- so you're using MT5. How is this going to work? Son -- you need to get the signals from your MT5 session to a session running the FTMO-branded version of MT4. The FTMO-branded version of MT4 needs to run software that will then convert those signals to trade requests and send them on to FTMO's broker. The FTMO broker doesn't care who / how / where the signals originated, but the trade requests need to come from the FTMO-branded version of MT4.

I suppose that next you are going to ask how to get signals from an MT5 session (or, for that matter, any Windows app) to the FTMO-branded version of MT4, and then on to the FTMO broker. The answer is: there are many ways. I will leave it as an exercise to the "expert coder" to choose a method best suitable to your skill level -- kind of like a homework assignment. At most, it should take less than a day for an "expert" coder...
  • #5,769
  • Feb 14, 2021 8:01pm Feb 14, 2021 8:01pm
Anyone else sporting a 600 pip gap on AUDUSD?
I reckon that's a PB!
  • #5,770
  • Feb 14, 2021 8:05pm Feb 14, 2021 8:05pm
Quoting moodybot
Anyone else sporting a 600 pip gap on AUDUSD? I reckon that's a PB!
What's a PB?
Know what you trade
  • #5,771
  • Feb 14, 2021 8:11pm Feb 14, 2021 8:11pm
Quoting BWilliam
{quote} What's a PB?
Personal best!
  • #5,772
  • Feb 14, 2021 8:29pm Feb 14, 2021 8:29pm
Quoting moodybot
Anyone else sporting a 600 pip gap on AUDUSD? I reckon that's a PB!
I have this with 1 minute bars:

Attached Image (click to enlarge)
Click to Enlarge Name: 8a2e268ca70d39fc72b12a6c9bfa91d1.png Size: 62 KB
I've seen things you people wouldn't believe
  • #5,773
  • Feb 14, 2021 11:21pm Feb 14, 2021 11:21pm
Quoting moodybot
Anyone else sporting a 600 pip gap on AUDUSD? I reckon that's a PB!
only on FTMO mt4 u can find this 600 points gap on aussie
  • #5,774
  • Feb 14, 2021 11:34pm Feb 14, 2021 11:34pm
Axitrader 630
  • #5,775
  • Feb 15, 2021 12:24am Feb 15, 2021 12:24am
Quoting moodybot
Anyone else sporting a 600 pip gap on AUDUSD? I reckon that's a PB!
I don't see it. However, I have seen huge gaps like that typically during off-quote periods and it is almost always caused by a huge spread -- like hundreds of points. Furthermore, it doesn't appear on a bar's High or Low -- so it's not like you can scroll back in time to see it. The price gap is there, but it doesn't appear on the bar data -- if that makes sense. Even though you can't see it, it will take out stops. On the other hand, if you have a trade open and the gap is in your favor you will not benefit. Hmmmm -- always seemed to me like the cards were stacked in the broker's favor...

How about a screen shot? I'm curious what it looks like on a chart.
  • #5,776
  • Feb 15, 2021 12:36am Feb 15, 2021 12:36am
Quoting robots4me
{quote} I don't see it. However, I have seen huge gaps like that typically during off-quote periods and it is almost always caused by a huge spread -- like hundreds of points. Furthermore, it doesn't appear on a bar's High or Low -- so it's not like you can scroll back in time to see it. The price gap is there, but it doesn't appear on the bar data -- if that makes sense. Even though you can't see it, it will take out stops. On the other hand, if you have a trade open and the gap is in your favor you will not benefit. Hmmmm -- always seemed to me...
Attached Image (click to enlarge)
Click to Enlarge Name: FTMO aussie 600 points gap.png Size: 38 KB
  • #5,777
  • Feb 15, 2021 12:38am Feb 15, 2021 12:38am
Quoting robots4me
{quote} I don't see it. However, I have seen huge gaps like that typically during off-quote periods and it is almost always caused by a huge spread -- like hundreds of points. Furthermore, it doesn't appear on a bar's High or Low -- so it's not like you can scroll back in time to see it. The price gap is there, but it doesn't appear on the bar data -- if that makes sense. Even though you can't see it, it will take out stops. On the other hand, if you have a trade open and the gap is in your favor you will not benefit. Hmmmm -- always seemed to me...
1odi beat me to the screen shot.
  • #5,778
  • Feb 15, 2021 12:51am Feb 15, 2021 12:51am
Quoting moodybot
{quote} Personal best!



BTW there is no such gap. check other brokers or tradingview
offering my system to copy trade. check my link
  • #5,779
  • Feb 15, 2021 12:54am Feb 15, 2021 12:54am
Quoting nikosk0
{quote} BTW there is no such gap. check other brokers or tradingview
I stand corrected, I’ll just fill in the gap with some crayons and pretend it’s not there.
  • #5,780
  • Feb 15, 2021 1:05am Feb 15, 2021 1:05am
Quoting moodybot
{quote} 1odi beat me to the screen shot.
Along the x-axis his chart skips from August 2020 to February 2021 -- are you referring to a 600 Pip difference in price over the past 6 months? Apologies -- the rookie misunderstood -- I thought you meant a momentary price gap just recently, which I have seen but usually caused by a huge spread.

Below is a screen shot of FTMO AUDUSD/H1 over the past few days -- no anomalies...

Attached Image (click to enlarge)
Click to Enlarge Name: FTMO-AUDUSD-H1.png Size: 192 KB
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