FTMO - For serious traders | Page 301 | 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

  • #6,001
  • Mar 10, 2021 12:50pm Mar 10, 2021 12:50pm
Quoting Takisd
{quote} Even though I hate people like you who think they know things when they don't, there is something strange happening. See my image. You can actually use more than your margin on FTMO's accounts. This to me points further towards the fact that trades are not actually being executed.
Imaginary/fake live trading accounts are prone to behaving strangely.

remindme 30 days.
  • #6,002
  • Edited 5:26pm Mar 10, 2021 2:47pm | Edited 5:26pm
Quoting jmoreno
{quote} first, you say that you dont like the scammer talk and that it is "quite annoying".. i am sure that it is annoying, considering that you just wasted your monies to go thru a challenge and now that you have completed the challenge you are finding that the restrictions on your "imaginary live trading account" are even more strict than were the restrictions on your challenge phase. ... and you think that "thomas" is going to pull a few strings for you, do you? no, my new friend, thomas aint gonna do jack sht for you.. thomas is a part of the...
Your infantile drivel is tiresome but expected. We get it. You lost multiple challenges and now you're angry and now you're on a mission to blame FTMO for your impotence.

Nowhere did I say the "restrictions" make trading impossible. Wow, so you don't open trades for 4 minutes for a few news events during the week and close trades before the weekend. Oh, the horror of it all. How will we all survive such brutality? How will I ever manage a fund that allows me a 10K drawdown with zero financial risk to me going forward?

No, I don't expect Thomas to "pull" any strings for me but making suggestions cost me nothing.

Here's a thought. Grow up and act like an adult. Unfortunately, FF doesn't have an online daycare center for the children that frequent their site.
Pride always comes before destruction.... -Proverbs 16:18
  • #6,003
  • Edited Mar 25, 2021 12:27am Mar 10, 2021 3:16pm | Edited Mar 25, 2021 12:27am
Quoting Expo33
{quote}You lost multiple challenges and now you're angry and now you're on a mission to blame FTMO for your impotence.
no, that is absolutely not correct.. not only would i not pay to them a fee to play a demo account, i would not give to them a stick of bubble gum.

Quoting Expo33
{quote}Wow, so you don't open trades for 4 minutes for a few news events during the week and close trades before the weekend. Oh, the horror of it all. How will we all survive such brutality?
i can remember watching videos about roulette tables and how the odds are calculated that the casino will win vs the odds that the player will win..

when they add any complexity to the trading equation, they make the odds much greater that the trader will lose.. i do realize that it seems like a trivial detail to be required to close your trades during a "news event" or over the weekend, but this changes the odds dramatically, basically ensuring that you will not win. it also forces you to close your trades at a loss OR you will violate the terms of the challenge.

Quoting Expo33
{quote}I don't expect Thomas to "pull" any strings for me but making suggestions cost me nothing.
please give my regards to mr thomas, and do recognize that this is most likely not even his real name.

Quoting Expo33
{quote}Grow up and act like an adult. Unfortunately, FF doesn't have an online daycare center for the children that frequent their site.
ok, you got me there.

best wishes with your new live account, i hope that we are able to track your trading results.

my trading, small as it may be, has a dashboard online that shows my account stats:

{ virus risk deleted by staff }
  • #6,004
  • Mar 10, 2021 3:17pm Mar 10, 2021 3:17pm
Quoting jmoreno
{quote} Imaginary/fake live trading accounts are prone to behaving strangely. remindme 30 days.

The funny part is, there are elements of this argument that I agree with you on. But because your head is so far up your own backside I find it really hard to be civil with you.
After reviewing your post history i just realized its part of your personality... sucks to be you.
  • #6,005
  • Mar 10, 2021 3:26pm Mar 10, 2021 3:26pm
Quoting Takisd
{quote} The funny part is, there are elements of this argument that I agree with you on.
ok.

Quoting Takisd
{quote}But because your head is so far up your own backside I find it really hard to be civil with you. After reviewing your post history i just realized its part of your personality... sucks to be you.
guilty as charged.. i can remember when i was in the first grade of school that i used to get black marks on my report card because i didnt work and play well with others...

my mom bought me this big huge donkey tonka truck and all of the other kids had those really cool little tiny tonka trucks and they would not let me bring my huge truck into the sandbox.

those little bastards, i will get them back some day, they are gonna pay, lol.. /s

in a nutshell, i am very direct and to the point, and i am not about sugar coating things...

i find the challenge rules to be directly intended to seduce aspiring traders into paying the fee, but i sincerely doubt that ftmo actually has live traders under their umbrella.

my best wishes, and i sincerely hope that we can follow your live trading results with ftmo, even if we get updates after your trades are closed.

my most sincere best wishes.
  • #6,006
  • Mar 10, 2021 4:12pm Mar 10, 2021 4:12pm
Quoting jmoreno
{quote} ok. {quote} guilty as charged.. i can remember when i was in the first grade of school that i used to get black marks on my report card because i didnt work and play well with others... my mom bought me this big huge donkey tonka truck and all of the other kids had those really cool little tiny tonka trucks and they would not let me bring my huge truck into the sandbox. those little bastards, i will get them back some day, they are gonna pay, lol.. /s in a nutshell, i am very direct and to the point, and i am not about sugar coating things......
Lol I can't tell if you're serious or just trolling. One second you're almost making sense, then you mess it up with unfounded blabbering.

Do a little work and look through youtube with the search phrase "FTMO payout".

Hell, go to the attachment icon on this thread and simple browse the images, im sure you'll find a couple of bank notifications, credit statements or withdrawal certificates with the highest payout being about $30k+ (Shit maybe they all work for FTMO?). The fact that you can't work around the restrictions does not mean other traders aren't better equipped or able to work their strategies around it.........
  • #6,007
  • Edited 4:50pm Mar 10, 2021 4:32pm | Edited 4:50pm
Quoting Koop
{quote} Lol I can't tell if you're serious or just trolling. One second you're almost making sense, then you mess it up with unfounded blabbering.
i can definitely appreciate that. I am most definitely not trolling.. but seriously, you didnt appreciate my story about my tonka truck? oh well.

Quoting Koop
{quote} (Shit maybe they all work for FTMO?).
this is precisely my concern.. i read body language fairly well and i can size up somebody to tell if they are bullshitting me, in many cases, and i just get a bad taste in my mouth because of this ftmo and topstepfx and maverickfx..

let me ask you this... out of all of the traders that are well established and long term users that you have seen around the forexfactory for years, traders that you have an established rapport with, how many of them have taken the challenge and ended up successfully trading a live account at ftmo?

Quoting Koop
{quote}The fact that you can't work around the restrictions does not mean other traders aren't better equipped or able to work their strategies around it.........
i could very well be entirely upside down about my suspicions about this "pay to play a demo account" business model, but please understand that scams and schemes usually take advantage of the fact that you will give to them the benefit of the doubt.

an example of this type of thing is how bernie madoff operated his multi billion dollar ponzi scam.. whenever anyone would question him, he would go into a routine where he would tell you that you just dont understand how the markets really operate, lol.. well, look at bernie now... he is serving 150 federal... he told the world that he was trading options.. but he never traded a single option on any exchange..

always always always be skeptical when walking in the jungles of finance.

Inserted Video
  • #6,008
  • Mar 10, 2021 4:38pm Mar 10, 2021 4:38pm
Quoting Takisd
{quote} LOL you may have some valid points but your evidence is rubbish. Some random ass EA seller with an EA that goes into periods of 30+% drawdown is crying because of FTMO. Heres a real piece of evidence that FTMO may not be on the up and up. Even though I hate people like you who think they know things when they don't, there is something strange happening. See my image. You can actually use more than your margin on FTMO's accounts. This to me points further towards the fact that trades are not actually being executed. The max loss function...
FTMO doesnt pass your trades to an exchange, they said theyre not a broker, they just copy your trades to their real account and you are just a consultant for them, when you press buy, ure giving an opinion that you believe that the price will go up, and if its true FTMO will pay you 70% of that trades profit for your advice.
  • #6,009
  • Edited 5:00pm Mar 10, 2021 4:45pm | Edited 5:00pm
Quoting jmoreno
{quote}let me ask you this... out of all of the traders that are well established and long term users that you have seen around the forexfactory for years, traders that you have an established rapport with, how many of them have taken the challenge and ended up successfully trading a live account at ftmo?
That's what i just tried to show you. Check the attachments on this thread, at least 2-3 of the guys who provided payment proofs have been on this forum for years ... i think one or two even have the red tag high impact member thing. Just take a look and rid yourself of the suspicion.

Btw man, i would be suspicious too if they had not been around for more than 2 years with NOT A SINGLE trader who complained about not getting paid when due. Not one. $600 is a small price for the potential rewards.
Even if one fails 3 times = $1800, they manage to pass on the fourth and make only 3% on their first funded month, they hae broken even with some extra change, and its only up from there.

Trading live is already a zero sum game as it is, so if someone else has to lose their challenge fee so you can earn payments for your own great skills, so be it.
  • #6,010
  • Mar 10, 2021 5:06pm Mar 10, 2021 5:06pm
Quoting Koop
{quote} That's what i just tried to show you. Check the attachments on this thread, at least 2-3 of the guys who provided payment proofs have been on this forum for years ... i think one or two even have the red tag high impact member thing. Just take a look and rid yourself of the suspicion. Btw man, i would be suspicious too if they had not been around for more than 2 years with NOT A SINGLE trader who complained about not getting paid when due. Not one. $600 is a small price for the potential rewards. Even if one fails 3 times = $1800, they manage...
an thorough audit is like a double edged sword.. it can uncover things that are hidden, and it can also show that a company is good to go..

not just for me, but for those reading this thread, would you mind just giving a list of those established forexfactory users that are now successful live traders with ftmo?

thank you.
  • #6,011
  • Mar 10, 2021 6:48pm Mar 10, 2021 6:48pm
Quoting Rayder4Life
{quote} FTMO doesnt pass your trades to an exchange, they said theyre not a broker, they just copy your trades to their real account and you are just a consultant for them, when you press buy, ure giving an opinion that you believe that the price will go up, and if its true FTMO will pay you 70% of that trades profit for your advice.

I think you don't realize the extent of hedging their risk on this matter. I just opened more margin of trades than the account balance, significantly more and i didnt get margin called or stopped or anything. If they are "copying trades to their real account" they now have an enormous exposure, if for some reason the market gapped, that exposure is so large that they could suffer severely.

Alternatively, if you let traders open giant trades and dont copy the trades or execute in anyway, the trader is more likely to lose under the rules of FTMO.

There is something wrong here, nefarious? I dont know, but definitely not professional to have no stop out at at least 100% in the terminal. All sorts of bad things can happen.
  • #6,012
  • Mar 11, 2021 1:52am Mar 11, 2021 1:52am
jmoreno - Temporarily Suspended

This required serious thinking as to who is behind this suspension, which is an unwise move.
Careful, really careful.
  • #6,013
  • Mar 11, 2021 2:18am Mar 11, 2021 2:18am
Quoting mixedbags
jmoreno - Temporarily Suspended This required serious thinking as to who is behind this suspension, which is an unwise move. Careful, really careful.
My Trade Explorer has not been working for 2 weeks now FF keeps saying they will fix it but have not but they do have the time on their hands to suspended people for asking questions about commercial content the people running FF are shit at their job
  • #6,014
  • Mar 11, 2021 2:20am Mar 11, 2021 2:20am
Quoting Takisd
{quote} I think you don't realize the extent of hedging their risk on this matter. I just opened more margin of trades than the account balance, significantly more and i didnt get margin called or stopped or anything. If they are "copying trades to their real account" they now have an enormous exposure, if for some reason the market gapped, that exposure is so large that they could suffer severely. Alternatively, if you let traders open giant trades and dont copy the trades or execute in anyway, the trader is more likely to lose under the rules...
yes the fact that you can use more margin that what you have in the account is weird, but saying that if you go in a big drawdown on ur funded account is a severe risk for FTMO, no its not, your 50% drawdown on your account on FTMO's real account is most likely like 0.05%, you are just a small cogwheel of the whole machine of traders trading that big account...
  • #6,015
  • Mar 11, 2021 3:48am Mar 11, 2021 3:48am
Quoting Dimaga88
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. {image} Green pips to all! The effort must be equal to potential output!
Free trial successfully finished. Now will start new free trial to confirm the process and after that will continue to the real challenge.

Attachment g
Good luck to every body!

The effort must be equal to potential output!
Attached Image (click to enlarge)
Click to Enlarge Name: e1aa8edd6238b199d8aa456a5751ff78.png Size: 48 KB
Follow the price, trade lines
  • #6,016
  • Mar 11, 2021 3:59am Mar 11, 2021 3:59am
Quoting Dimaga88
{quote} Free trial successfully finished. Now will start new free trial to confirm the process and after that will continue to the real challenge. 3886347 Good luck to every body! The effort must be equal to potential output! {image}
TBH, you should set the target at $10,000, Max Loss at $2,500 and Max Daily Loss at $1,250. Then you should aim for 10 consecutive successful trials, before putting your money on the plate.
  • #6,017
  • Mar 11, 2021 4:30am Mar 11, 2021 4:30am
Quoting Dimaga88
{quote} Free trial successfully finished. Now will start new free trial to confirm the process and after that will continue to the real challenge. 3886347 Good luck to every body! The effort must be equal to potential output! {image}

Hey everyone,

The following post is not directed to the person I am quoting. I am just quoting the screenshot of the Metrix.

I started a free trial Sep 2020. There were issues back then with the Metrix. I contacted support and they sorted the issue and the Metrix was updating much quicker ( a couple hours)

I started another free trial again last week. Metrix was updating fine.

However today I noticed that my yesterday's profit on the daily summary panel was 400 off. Today's profit is fine which means it has updated. Yesterday's issue still holds however. Bear in mind I close all my positions normal times and I do not leave anything open overnight, so that is not the issue with yesterday's daily summary.

The fact that there are still issues with the Metrix is unacceptable and maybe there is not a nice reason for this.

As people complained back then in September for the updates I waited some time to see if it was sorted. I see now 6 months later that there are still issues.

FTMO has lost me and possibly other acquaintances of mine as a potential customer as for 6 months these issues hold.

Please do not tell me not to check the Metrix at all as this ''claims'' if I have passed or not. I am also aware of indicators etc to check all the rules and I am all the time in front of the PC.

Thomas might come and say that this issue only happens on free trials however that was not the case as people complained that this happened on paid accounts 6 months ago.

My question is if people are facing the same issues. Please take some time to check your daily's p/l and compare it to the dashboard.

Thanks.
  • #6,018
  • Edited 5:47am Mar 11, 2021 5:35am | Edited 5:47am
Quoting Phenotype
{quote} Hey everyone, The following post is not directed to the person I am quoting. I am just quoting the screenshot of the Metrix. I started a free trial Sep 2020. There were issues back then with the Metrix. I contacted support and they sorted the issue and the Metrix was updating much quicker ( a couple hours) I started another free trial again last week. Metrix was updating fine. However today I noticed that my yesterday's profit on the daily summary panel was 400 off. Today's profit is fine which means it has updated. Yesterday's issue still...
TBH that has been putting me down too, but allow me to say that I took a first challenge a few weeks ago, achieved the profit objective but slightly breached the daily loss limit, so I got in touch with support to dispute it. Although I was trading higher % than usual I felt I didn't break it. They sent me a very detailed analysis of all the trades I took and the running PnL and I finally had to admit that my floating PnL did breach the limit, due to the commission costs + temporary retracement into drawdown, just like they said in their answer to my enquiry. They were very clear that they were going to verify everything and if I was right they'd reactivate my challenge account. So, after I verified their trades log and compared it to mine I confirmed they were right, so it was a lost challenge.

So, basically, what I'm saying is that if you can trade well below the risk parameters you'll be fine, otherwise, I'd recommend you to manage your floating PnL using some other tool other than their metrix system. And even their metrix is just a "reference" tool and is not the determining element for an account to be terminated.

What will determine if your account has really breached any of rules is the actual logging details of your trades, so the matrix tool can always be disputed if it's wrong. We just have to be diligent and manage our own activity. and if you happen to get the "breach" warning and think it's wrong don't hesitate to get in touch with support, they'll certainly do whatever they can to make sure everything is clear and fair. That's my experience.
  • #6,019
  • Mar 11, 2021 5:36am Mar 11, 2021 5:36am
Quoting mixedbags
jmoreno - Temporarily Suspended This required serious thinking as to who is behind this suspension, which is an unwise move. Careful, really careful.
That was me and i'll do it again if he shows up just to talk .

There's plenty of proof provided that FTMO is legit. If someone doesn't like them then that's their problem. He mentions TopStep, who has been around for a decade so if they were a scam then they would have been shutdown long ago.

FFS, the game is simple. This is a game of strategy and once you understand the rules then it's extremely easy. All you need to do is average $500 for 20 days on a 100k account. There's plenty of setups to extract $500 a day with a $100k margin account.
Trade with confidence, trade without fear.
  • #6,020
  • Mar 11, 2021 5:39am Mar 11, 2021 5:39am
Quoting tradista
{quote} And even their matrix is just a "reference" tool and is not the determining element for an account to be terminated. What will determine if your account has really breached any of rules is the actual logging details of your trades, so the matrix tool can always be disputed if it's wrong. We just should be dligent and manage our own activity. and if you happen to get the "breach" warning
Exactly, it even says so at the bottom of the page. People getting hung up on the metrix need to realize the ultimate decider is the trading platform.


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 16 KB
Trade with confidence, trade without fear.
17 traders viewing now