FTMO - For serious traders

okay, Takisd...

that's a bit confusing...
since Tomas said nothing really changed, feedwise, at .cash additions, I believe...

personally, I think I'm okay...
no HFT or even scalping, really...

my bots are typically from a few minutes to a few days range...
the smaller ranges may be affected.

decent results recently on .cash and btc...

though some breakout experts are not performing well...
that may be market conditions, not feed, though.

The price literally added 2 decimals, so saying "nothing really changed" is kind of silly. Those 2 decimals change regularly throughout the day. The spread has changed and is less stable outside of NY hours and various other differences including the tick numbers per minute.

I will try to resolve it in private, because again I re-iterate, I don't believe FTMO is doing anything nefarious, but there are clearly issues with the .cash symbol feeds for people who are using tick data as part of the analysis.

I have even been doing examples where I trade without their feed and trade with their feed giving my custom indicators the data. The results:

On FTMO feed, many more trades, most of the additional trades are losses (which is pretty bad for a 50-60% accurate strategy) and the loss sizes are significantly larger than normal)
On non FTMO feed, 1/3-1/5 of the trade numbers, fewer fake outs, higher strike rate, lower loss per trade and higher profit per trade.

Obviously knowing this now, I won't use the FTMO feed for any serious trading. It would be a mistake, or I would switch to FX which matches entirely to my other feeds.

The problem with price feeds in spot fx (a non centralized market) is that everyone thinks their feed is correct, when the truth is probably that no ones is correct. The feed I use for my regular trading, I made it when I was working in FX. I know its contents and I know it to be trustworthy. Their feed appears to come from an aggregator and thats why the tick numbers are abnormally high and the spread change unusual. Those types of feeds I have used on a retail feed for top of the book fills but never for price data because of their unreliability.

Maybe the problem really is that I know too much so I see too many things. IDK, I am off north to the alps for snowboarding for the month so in my spare time I will keep testing for them but tbh I don't see it being more than a stalemate. Then I have to consider whether or not I continue with an FTMO journey or not. I have gone through their competitors offer and the FTMO still appeals to me more but as someone who doesn't really need more capital but will take it when its available I have to make the decision of what to do.

thanks for the additional info, Takisd...

best of luck in your trading and decisions on FTMO and others...

Are there another freeze with FTMO----I am doing a triel on demo and hasnt moved for a long time...

No problem with mine

You know I hope that Gold is (as always) closed until 23.00pm GMT?

Currently in cTrader the oil instruments measure 1 pip = $1.00. Could this be changed so that 1 pip = 1 cent.
The instruments are USOIL.cash and UKOIL.cash
I have requested this previously but it hasn't changed.
Thanks.

I will likely be moving on from FTMO. My results were up and down with them, some times my fault sometimes their fault but the feed is clearly an issue an the amount of denial around that is too much for me to focus my time with them.

The extra capital would be great and I know the company is trying their best and overall doing a good job considering the amount of opportunity they are providing, but the feed reminds me of the b book feed of Thinkmarkets and its constantly changing, freezing, too many ticks, repainting of wicks after a bar is formed so on so forth. The problems I had with Think and the problems i have had with FTMO are identical. The grounds are muddy, both sides want proof of others claim etc and I just don't have the time to deal with it nor the will power to give a big enough damn about it.

I may try another prop firm as they are popping up like bad acne lately in the future but for now I am on a month long snowboard holiday (paid for by trading profits of course) and just not really interested in dealing with feed crap, it stresses me too much.

Its up to them what they do with the feed, its up to me what I do with my time and will be happily parting peacefully with them without any axe to grind. Just saying this because I have been part of the thread and will no longer be.

Good luck guys.

So I passed the evaluation.. Question to traders in here : Is there any mt4 indicator that can ping me when a restricted news event is happening or automatically close the trade on the effected instrument?

Now, I know that I have to be careful with their requirement, and I am looking to the solution, which I am sure kind members in here can point out..

Thanks a lot, and have a great trading week!

P.s: can someone tell when i'll leave the junior member tag? I can't like the posts that are helpful or those that reply, and i don't want to give the impression I am ignoring..

Good luck to you, too. Happy boarding!

I just registered myself for a demo free trial to see if my EA can pass the test. well, they just gave me 14 days to trade on demo and the target profit is 2500 for 50000 accounts...

I know my EA can easily achieve this target but the time limit of 14 days might be an issue. anyways let's see how much can it go. will update you guys after my free challenge ends.

well thats a nice change . also added a challenge of 200k.

great news

The 10k daily loss limit is a big plus factor, however 20k target for some is going to require some talented trading.

One thing I've noticed is that the spread on Gold (XAUUSD) has markedly improved. Anyone else noticed that? I have average 15 points which is about half what it used to be.

Yes I noticed that. Also gbpnzd seems also better.

wtf happened on all NZD pairs today? That spike?

rollover, happens every day around 5 pm eastern.

Nothing to do with the daily rollover. This happened at 1PM ish EST.

checked it for you, its on all feeds I can see (about 120 LPS) so its a legit spike. Likely news based/sporadic tweet or something. Am not at the home office so I dont have any news feeds etc.

Yeah I noticed it on various feeds as well. Brutal rape candle.