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Hi everyone,
I hope everybody’s doing great, it’s another week and this time, I finally got some major updates to announce after a while.
As many of you have already noticed, our traders are now able to take on a $200,000 Challenge, plus the maximum capital allocation has been increased to $400,000 per trader/strategy. We’ve noticed that many of our traders were managing multiple $100,000 Challenges/FTMO Accounts simultaneously and we figured out it’d be more convenient both for us and our traders to aggregate the capital into just one account. Along with that, an Aggressive risk version of the $100,000 Challenge is now available as well. As for the new, $200,000 Challenge, the Normal risk version is the only option.
The second thing I’d like to mention is that we’ve enabled a second server, the FTMO-Server2, for MT4. Distributing Challenges, Verifications and FTMO Accounts across multiple servers reduces the load on each server, which, along with the improved technical infrastructure, means even better reliability.
Lastly, the New Zealand dollar is currently facing certain pressures as the Reserve Bank of New Zealand has introduced the return of Loan-to-Value Ratio restrictions, which has caused the significant sudden spike. I saw some of you were discussing the current NZD situation, so I thought it’d be great to clear up the situation.
And that’s about it for this week’s important update. The thread has been rather quiet for the past couple of days, I’m assuming everyone’s focusing on their trading
. However, there is a couple of questions that I think would be worth answering, so let’s get to it.
Hi Takisd. Obviously, you have a deep knowledge of the internal processes of the trading platform. I’ve discussed your points with my colleagues responsible for our trading platforms and their approach to the topic is different, we do not see that there would be an issue with traders receiving a denser datafeed. Also, we have not received any complaints on such issue either.
But still, your points are very well appreciated as they do initiate productive discussions about our current setting and we may refer to your points while making another platform configurations in the future. Thank you for your effort to improve our current conditions and I hope you’ll have a great time in the Alps.
Hi Fxsniper111, as Mtinifx correctly mentioned, XAUUSD is tradeable from Monday to Friday from 00:00 CET (or 23:00 GMT) to 22:55 CET. Your comment has been posted at 23:26 CET, therefore 31 minutes after the trading on XAUUSD closes.
Hi Forecks, the pip value depends on the number of decimals set by the LP for the pip calculation. The current value has been set by default and as everyone’s okay with it, we currently have no intention of changing that. If the pip value messes with your EA, simply set your EA according to our notation and you should be good to go.
Hi Mtinifx, as far as I know, additional LP with good conditions on metals was added to our liquidity pool, but that happened at the beginning of the year and not in the recent past. I can actually see the spread oscillating between 5 and 17 pts, hanging mostly around 15 as you said.
Hi Pije76, yes, you actually can manage multiple Challenges simultaneously and there’s no limit on the number of Challenges. However, there is a limit on FTMO Accounts and as mentioned above, that limit has been increased to $400,000 per trader.
And that’s it, a super short Q&A today, I hope there’ll be more topics to discuss next week! Thank you, everyone, for your attention and I’ll see you all again next time.
Cheers, Tomas
I hope everybody’s doing great, it’s another week and this time, I finally got some major updates to announce after a while.
As many of you have already noticed, our traders are now able to take on a $200,000 Challenge, plus the maximum capital allocation has been increased to $400,000 per trader/strategy. We’ve noticed that many of our traders were managing multiple $100,000 Challenges/FTMO Accounts simultaneously and we figured out it’d be more convenient both for us and our traders to aggregate the capital into just one account. Along with that, an Aggressive risk version of the $100,000 Challenge is now available as well. As for the new, $200,000 Challenge, the Normal risk version is the only option.
The second thing I’d like to mention is that we’ve enabled a second server, the FTMO-Server2, for MT4. Distributing Challenges, Verifications and FTMO Accounts across multiple servers reduces the load on each server, which, along with the improved technical infrastructure, means even better reliability.
Lastly, the New Zealand dollar is currently facing certain pressures as the Reserve Bank of New Zealand has introduced the return of Loan-to-Value Ratio restrictions, which has caused the significant sudden spike. I saw some of you were discussing the current NZD situation, so I thought it’d be great to clear up the situation.
And that’s about it for this week’s important update. The thread has been rather quiet for the past couple of days, I’m assuming everyone’s focusing on their trading
. However, there is a couple of questions that I think would be worth answering, so let’s get to it.{quote} Anything using ticks/averages. Obviously because they provide the data they will defend it and since I have alternative data from various sources I will defend it. Thus you end up with a stalemate, but it needs to be said obviously. Also I don't have the time to forensically fix someone elses feed and I am not that desperate to do it. As i mentioned earlier in here, i don't think FTMO has control over it i suspect its the LP. I don't know who the LP is, although I have my suspicions and I believe its a common complaint from automated traders...
But still, your points are very well appreciated as they do initiate productive discussions about our current setting and we may refer to your points while making another platform configurations in the future. Thank you for your effort to improve our current conditions and I hope you’ll have a great time in the Alps.
Are there another freeze with FTMO----I am doing a triel on demo and hasnt moved for a long time...
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.
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.
Hello all, I am just asking for FTMO. Can I have multi accounts inside FTMO for the challenge?
And that’s it, a super short Q&A today, I hope there’ll be more topics to discuss next week! Thank you, everyone, for your attention and I’ll see you all again next time.
Cheers, Tomas
- #5,907
- Mar 5, 2021 6:53am Mar 5, 2021 6:53am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
Hi everyone, I hope everybody’s doing great, it’s another week and this time, I finally got some major updates to announce after a while. As many of you have already noticed, our traders are now able to take on a $200,000 Challenge, plus the maximum capital allocation has been increased to $400,000 per trader/strategy. We’ve noticed that many of our traders were managing multiple $100,000 Challenges/FTMO Accounts simultaneously and we figured out it’d be more convenient both for us and our traders to aggregate the capital into just one account....
I don't know if you are watching the Forex Prop Firms page on Facebook, but one of the guys has correctly stated that the competition is getting fierce now in the Prop Firm market with new companies and new offerings being touted every few days. For FTMO to stay ahead of the game, he has mentioned that he has emailed you regarding some improvements that he feels you could make. On some of the points, especially regarding the 70% profit split and the need for bi-monthly payouts I feel he's got very valid points. Anyway, here they are:
1. Higher than 70% payout
2. Bi-weekly / weekly / anytime profit split
3. Cheaper challenges
4. Hold trades over the weekend and trade news in funded account
5. 500k or more initial capital
6. 110% or better refund of challenge fees on 1st profit split
7. Better capital / scaling plan
8. Lower profit targets for challenge and verification
Anyway the FF locals will probably make a few comments but in my view, some of those improvements would make FTMO a lot more attractive
- #5,910
- Mar 5, 2021 9:18am Mar 5, 2021 9:18am
- Joined Dec 2005 | Status: Com Member = Scammer | 5,408 Posts
- #5,913
- Mar 5, 2021 12:12pm Mar 5, 2021 12:12pm
- Joined Dec 2005 | Status: Com Member = Scammer | 5,408 Posts
- #5,915
- Mar 5, 2021 12:52pm Mar 5, 2021 12:52pm
- Joined Feb 2011 | Status: Trader | 6,018 Posts
{quote} all of the above will happen if FTMO sees that they are losing market share, if theyre gaining no need for them to do those things
- #5,916
- Mar 5, 2021 1:22pm Mar 5, 2021 1:22pm
- Joined May 2012 | Status: Trader | 1,340 Posts
{quote} Indices jump ticks. To expect stop orders to be executed perfectly on an index is ridiculous. The index markets are traded on limit, so if a limit is pulled you get next available price. Limits are pulled very regularly especially at places where a trader would most likely have a stop such as support/res, low/high. Moral of the story is, dont use stop orders for entries, they are silly and last in queue for execution, always, everywhere. Anyone executing stop entry orders perfectly are bucketing your order.
I think that is rediculous. Also I can understand slippage in cents but in dollars with highly liquid indices during normal trading hours when there is no flash crash is also not good.
- #5,917
- Mar 5, 2021 2:29pm Mar 5, 2021 2:29pm
- Joined Dec 2005 | Status: Com Member = Scammer | 5,408 Posts
{quote} Well price hangs below stops (buy orders) which you can see with your naked eyes
Its possible. I haven't seen that and my TP's and SL's have been relatively accurate every time the price is near them. I only use market order for entry. I have other complaints about the feed but this isn't something I have witnessed in my experience. I have seen my tp miss by 2 ticks once but only once and I cross checked another feed and it was accurate.
- #5,919
- Mar 6, 2021 7:03am Mar 6, 2021 7:03am
- | Membership Revoked | Joined Apr 2019 | 1,436 Posts
Allergic to bullshitters, never argue with fools
- #5,920
- Mar 6, 2021 8:31am Mar 6, 2021 8:31am
- Joined Apr 2016 | Status: Conquistadores' | 1,545 Posts
