FTMO - For serious traders | Page 298 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

$1,000,000.00 and Beyond ft. FTMO 29 replies

AkaMRP FTMO Journey 45 replies

FTMO Challenge.... How to beat....? 28 replies

FTMO Challenge; Could Survived? 41 replies

FTMO Challenge & Max Drawdown Issue 5 replies

Attachments: FTMO - For serious traders
Exit Attachments

FTMO - For serious traders

  • #5,941
  • Mar 7, 2021 1:49pm Mar 7, 2021 1:49pm
Quoting Koop
{quote} Haha i think you still haven't answered his question Nav. He's asking if your first funded account is still alive
my account is live or not...

That is my problem. By answering that question, no benefit for forum members.

Where as if we discuss strategies, and discuss issues of FTMO, that would be more helpful to others.

This is exactly I want to do.

My point is go with full power for evaluation stage.

Then reduce the risk ...very low to make 3 % max.

Once I get 4 x 100 k accounts, I will start posting results for sure.
Intraday only.
  • #5,942
  • Mar 7, 2021 1:54pm Mar 7, 2021 1:54pm
i dont see any strategies here...
at most, some pics from people showing off 1 day passing free trials, like everywhere on fb or youtube...

it is not abou you navk...it was a general observation.

anyway, good luck

i will retake the challange probably, because im 3% up, and i have till 11 of march.
  • #5,943
  • Mar 8, 2021 12:58am Mar 8, 2021 12:58am
Quoting Kevitsch
{quote} Hi, I think an accountant can only go as far as to consule about the type of business someone needs to use according to the business law of the country respectively. Just to say its "counseling services" doesn't seem to me to give 100 % regulatory clarity. Did you think about the regulatory aspects and did contact your Financial Authority, I think its the "Bank of Greece"...? Best regards, Kevitsch
well since you will be trading a demo account and they will be copying from that it can only be counseling.
i did not ask any official authority as there is no financial law in place for this kind of thing here.

i only asked 2 major accountants in greece (one was a friend) that both run bussiness with extreme volume, and they provided me with the same answer. hte only ansewr i could find.

all the other acountants i asked had no answer at all.

hope you find yours before you need it.
offering my system to copy trade. check my link
  • #5,944
  • Mar 8, 2021 4:26am Mar 8, 2021 4:26am
Quoting navk
{quote} my account is live or not... That is my problem. By answering that question, no benefit for forum members. Where as if we discuss strategies, and discuss issues of FTMO, that would be more helpful to others. This is exactly I want to do. My point is go with full power for evaluation stage. Then reduce the risk ...very low to make 3 % max. Once I get 4 x 100 k accounts, I will start posting results for sure.
In other words you blew it

No need to be ashamed of it Bud - we've all been there!
  • #5,945
  • Edited 7:14am Mar 8, 2021 6:53am | Edited 7:14am
Following the FTMO challenge addition of 200k (good news) it seems that Challenge - Verification terms should be reconsidered.
I mean Target profits seem 'exhausting".

in order to ease things I'd like to propose the below and hope you guys will support.

IT IS GOOD TIME TO FLIP THE DEADLINES OF CHALLENGE AND VERIFICATION.
Make Challenge 2 months, while Verification 1 month (makes more sense given 50% less target).

Doing so, FTMO will actually discover and activate more skilled traders. Cause successful traders don't hurry and avoid trading like casino/betting. Only 1 month for 10% profit target will result in less good traders but more in 'adventurous ones'. It is in their interest to have more profitable traders - this is the business model.
always draw trendlines
  • #5,946
  • Mar 8, 2021 7:07am Mar 8, 2021 7:07am
Quoting tk5
Following the FTMO challenge addition of 200k (good news) it seems that Challenge - Verification terms should be reconsidered. I mean Target profits seem 'exhausting". in order to ease things I'd like to propose the below and hope you guys will support. IT IS GOOD TIME TO FLIP THE DEADLINES OF CHALLENGE AND VERIFICATION. Make Challenge 2 months, while Verification 1 month (makes more sense given 50% less target). Doing so, FTMO will actually discover and activate more skilled traders. Cause successful traders don't hurry and avoid trading like casino/betting....
Very reasonable.
  • #5,947
  • Mar 8, 2021 2:07pm Mar 8, 2021 2:07pm
Funded trader for over half year now at FTMO (http://www.myfxbook.com/members/ADiT...ount-i/6549787), last month I even got my second 100k USD funded account. Don't get me wrong, I think FTMO is great but there's one item I would like to let you all know as I'm very annoyed and disappointed by how FTMO handles this. I'm someone who would like to do this for a long time and not someone who will lose his account within lets say 3 months. I therefore decided after my first profit split about half year ago to keep my part of the profit share (5.000USD) in the account to create a buffer.

After going into a drawdown that is spread across multiple months (=profit splits), but not breaking any rules, I'm now back in the positive only to realize the following: If I lets say as example get back to 105.000USD after being in the drawdown, FTMO will split the 5.000USD again with the 70/30 split!

That means that if you sum up all the PnL on the trades you made as FTMO trader, you will receive less than 70% and FTMO more than 30%. This is really penalizing and hurting traders that would like to do this for a long term, traders that would like to create a buffer by leaving their profit share in the account.

And the sad thing is that this was not always the case, this is new behaviour with their new (more automated) profit split method. If this was the FTMO way of working at the time I decided to keep the profits at FTMO half year ago, I would have thought twice to not take the profits out. This change that they implemented costs me at least 1000USD assuming I get back to 105.000 (which I will!!, I'm close )

Very disappointed by FTMO and I actually hope that FTMO will change this asap!
  • #5,948
  • Mar 8, 2021 2:21pm Mar 8, 2021 2:21pm
Quoting ADiTheMAN
Funded trader for over half year now at FTMO (http://www.myfxbook.com/members/ADiT...ount-i/6549787), last month I even got my second 100k USD funded account. Don't get me wrong, I think FTMO is great but there's one item I would like to let you all know as I'm very annoyed and disappointed by how FTMO handles this. I'm someone who would like to do this for a long time and not someone who will lose his account within lets say 3 months. I therefore decided after my first profit split about half year ago to keep my part...

I've left profits in my acct to carry into a new month as a buffer as well, and that $ doesn't get calculated in their 30% split the following month..so I'm not sure why you're experiencing that. Unless I'm misreading what you wrote or something..
  • #5,949
  • Mar 8, 2021 2:31pm Mar 8, 2021 2:31pm
Quoting KingLLL
{quote} I've left profits in my acct to carry into a new month as a buffer as well, and that $ doesn't get calculated in their 30% split the following month..so I'm not sure why you're experiencing that. Unless I'm misreading what you wrote or something..
Could be two things: 1) it's from a while back 2) there was no drawdown period spread across several profit splits. So yes if you make profit every month this will not impact you if you keep the profits in the account. If you kept the profits in the account, and lose money in a month, that is 100% at your own cost because if you make the profit back the months after it's split again 70/30.

I asked FTMO also via mail following sentence is from FTMO Support: "Since the profit was lost, any new profit made will be split between FTMO and the Client."
  • #5,950
  • Mar 8, 2021 4:30pm Mar 8, 2021 4:30pm
Quoting ADiTheMAN
Funded trader for over half year now at FTMO (http://www.myfxbook.com/members/ADiT...ount-i/6549787), last month I even got my second 100k USD funded account. Don't get me wrong, I think FTMO is great but there's one item I would like to let you all know as I'm very annoyed and disappointed by how FTMO handles this. I'm someone who would like to do this for a long time and not someone who will lose his account within lets say 3 months. I therefore decided after my first profit split about half year ago to keep my part...
I don't really understand the idea of a buffer. which of your DD limits benefits from this buffer? max loss or/and max daily loss?
i feel leaving it in the account kind of complicates issues especially if you lose it. Your monthly profit splits will always be paid out from the total amount by which your current balance exceeds your initial funded account balance.
If that's the case, a buffer only allows you more room to manage risk but you would be sort of sacrificing the buffer amount.


Anyways, kudos for surviving through the drawdown for that long, really impressive. i wouldn't have had that patience.
  • #5,951
  • Mar 8, 2021 8:40pm Mar 8, 2021 8:40pm
Quoting Mtinifx
{quote} In other words you blew it No need to be ashamed of it Bud - we've all been there!
not the question of shame.

But as I told you, I am aiming for 4 x 100k.

My trials are doing well.
Intraday only.
  • #5,952
  • Mar 8, 2021 8:47pm Mar 8, 2021 8:47pm
Quoting tk5
Following the FTMO challenge addition of 200k (good news) it seems that Challenge - Verification terms should be reconsidered. I mean Target profits seem 'exhausting". in order to ease things I'd like to propose the below and hope you guys will support. IT IS GOOD TIME TO FLIP THE DEADLINES OF CHALLENGE AND VERIFICATION. Make Challenge 2 months, while Verification 1 month (makes more sense given 50% less target). Doing so, FTMO will actually discover and activate more skilled traders. Cause successful traders don't hurry and avoid trading...
FTMO will actually discover and activate more skilled traders - this is definitely not their objective. They are looking for dumb the dumber that dump their money.

In fact this raise concern - FTMO challenge addition of 200k. Look at the Fee structure for 50k to 100k and 100k to 200k. Think about it.
Many will fall for the quick 400k and many will fail.
  • #5,953
  • Mar 8, 2021 9:24pm Mar 8, 2021 9:24pm
Quoting mixedbags
{quote} FTMO will actually discover and activate more skilled traders - this is definitely not their objective. They are looking for dumb the dumber that dump their money. In fact this raise concern - FTMO challenge addition of 200k. Look at the Fee structure for 50k to 100k and 100k to 200k. Think about it. Many will fall for the quick 400k and many will fail.

the 200k thing kind of rubbed me the wrong way as well, it wasn't necessary because you could already do 2x 100k. But then i also saw a bunch of other prop firms do the same, and another saying 1:200 Leverage.. if you have 300k-500k and 1:200 you shouldnt be able to be filled effectively as your size will be too much if you are using that leverage. There are some anomalies but my main gripe is the feed and denial that the feed is bad for index cfd's. I may do another challenge although for a bit less money i can do the same challenge with better conditions now with an equally reputable company who I checked their feed and its functioning normally. That being said I won't rule out another try with FTMO but something isn't sitting well with me right now with them, could be the broken ribs.
  • #5,954
  • Mar 8, 2021 10:43pm Mar 8, 2021 10:43pm
Quoting Takisd
{quote} the 200k thing kind of rubbed me the wrong way as well, it wasn't necessary because you could already do 2x 100k. But then i also saw a bunch of other prop firms do the same, and another saying 1:200 Leverage.. if you have 300k-500k and 1:200 you shouldnt be able to be filled effectively as your size will be too much if you are using that leverage. There are some anomalies but my main gripe is the feed and denial that the feed is bad for index cfd's. I may do another challenge although for a bit less money i can do the same challenge with...
If introducing the 200k challenge to generate for revenue to increase the pay check for their staff, then it is a good thing.
BUT who know they might be generating $ to feed the profit for those who pass the challenge. Don't forget we are trading in demo accounts. They might not be trading anything at all, hence they need to explore new way to get themselves funded. And we need to think about this.
  • #5,955
  • Mar 9, 2021 4:09am Mar 9, 2021 4:09am
Lost my first challenge.
Second one not looking good so I had to stopped it today to qualify for free one.

This whole thing is not easy as I thought but will try hard to pass the next one.
Attached Image
  • #5,956
  • Mar 9, 2021 5:27am Mar 9, 2021 5:27am
Hello to everybody,

I have intention soon to take the FTMO chalange and initally started a demo chalange with 50k.
I will post my progress on several days interval and well continue with the challange if everything goes good.

Attached Image (click to enlarge)
Click to Enlarge Name: cbefa269138262f7b8e196e29dd33d5b.png Size: 49 KB

Green pips to all!

The effort must be equal to potential output!
Follow the price, trade lines
  • #5,957
  • Mar 9, 2021 5:52am Mar 9, 2021 5:52am
Quoting navk
{quote} not the question of shame. But as I told you, I am aiming for 4 x 100k. My trials are doing well.
That's great bud. At least you got your refund right? And so you can have another go for free. I have never got that far unfortunately!

On my third 100k challenge now (it's getting expensive!) - I decided to set the target to 1% per day which is a lot easier psychologically as well as practically. Also my leverage much lower then before which is less stressful. My second day today and I'm 1.8% up so nearly there
  • #5,958
  • Mar 9, 2021 6:00am Mar 9, 2021 6:00am
Quoting Mtinifx
{quote} That's great bud. At least you got your refund right? And so you can have another go for free. I have never got that far unfortunately! On my third 100k challenge now (it's getting expensive!) - I decided to set the target to 1% per day which is a lot easier psychologically as well as practically. Also my leverage much lower then before which is less stressful. My second day today and I'm 1.8% up so nearly there

I believe lowering daily or trade target is the best because it will reduce one's risk exposure. I may not easily pass this challenge but I can never violate daily DD with the way I do trade.
  • #5,959
  • Mar 9, 2021 6:30am Mar 9, 2021 6:30am
Quoting Mtinifx
{quote} That's great bud. At least you got your refund right? And so you can have another go for free. I have never got that far unfortunately! On my third 100k challenge now (it's getting expensive!) - I decided to set the target to 1% per day which is a lot easier psychologically as well as practically. Also my leverage much lower then before which is less stressful. My second day today and I'm 1.8% up so nearly there
if you can capture 30 clean pips with 3 lots, that is enough.
Intraday only.
  • #5,960
  • Mar 9, 2021 6:45am Mar 9, 2021 6:45am
Quoting stirmatt
{quote} I believe lowering daily or trade target is the best because it will reduce one's risk exposure. I may not easily pass this challenge but I can never violate daily DD with the way I do trade.
to some extent true.

But winning the challenge needs some extra lots.
Intraday only.
4 traders viewing now