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FTMO - For serious traders

  • #6,061
  • Mar 12, 2021 3:02pm Mar 12, 2021 3:02pm
Quoting Takisd
{quote} Funding talent to me is currently better than FTMO. Their price feed is more stable, we know clearly who the clearer is and where they are regulated, we know the money is a real account. They have a long history and their support team have knowledge that FTMO's does not (I have been testing them during my gripe with FTMO). And, low and behold my indicators match with my regular trading account with them, but they do not with FTMO due to the tick pumping. Spreads aren't quite as good, but more stable, products are same. Its cheaper, their...
I concur with feed issue... i believe the availability of multiple brokers is great considering that most of them have been around longer than FTMO has had it's own MT4 or even thought of having one. Price goes to funding talent as well, profit target too.

I don't agree with F.talent having better support though. FTMO is usually instant for me while FT answers by mail most of the time, don't know if that's changed recently.

I just think it's too early to compare delivery/performance... let's see how FT holds up when it's time to start making payments to their first set of funded traders.
  • #6,062
  • Mar 12, 2021 3:40pm Mar 12, 2021 3:40pm
Quoting Koop
{quote} I concur with feed issue... i believe the availability of multiple brokers is great considering that most of them have been around longer than FTMO has had it's own MT4 or even thought of having one. Price goes to funding talent as well, profit target too. I don't agree with F.talent having better support though. FTMO is usually instant for me while FT answers by mail most of the time, don't know if that's changed recently. I just think it's too early to compare delivery/performance... let's see how FT holds up when it's time to start making...

Instant? How are you communicating with them?
  • #6,063
  • Mar 12, 2021 4:38pm Mar 12, 2021 4:38pm
Quoting doyathink
{quote} Instant? How are you communicating with them?
Live chat on the website. I don't think i've ever experienced a delay in response longer than 4 mins, maybe it's my timezone or something.
  • #6,064
  • Mar 12, 2021 5:31pm Mar 12, 2021 5:31pm
Quoting Takisd
{quote} Funding talent to me is currently better than FTMO. Their price feed is more stable, we know clearly who the clearer is and where they are regulated, we know the money is a real account. They have a long history and their support team have knowledge that FTMO's does not (I have been testing them during my gripe with FTMO). And, low and behold my indicators match with my regular trading account with them, but they do not with FTMO due to the tick pumping. Spreads aren't quite as good, but more stable, products are same. Its cheaper, their...
The Funding talent 100k aggressive model is so much better.
  • #6,065
  • Mar 12, 2021 6:54pm Mar 12, 2021 6:54pm
Quoting Koop
{quote} Live chat on the website. I don't think i've ever experienced a delay in response longer than 4 mins, maybe it's my timezone or something.
Live chat is always offline my hours. I actually emailed both supports at the same time and got a response from funding talent about 8 hours faster and it was very clear and concise. With FTMO it feels like I am doing half the job of support, they are there to question you not fix problems or acknowledge things. My example is that i highlighted a problem clearly, and rather than saying "ok, lets run a test together" they basically said " well you need more proof so spend your time proving it and then maybe we will pay attention". Then went into denying that anything was a problem and to the point where it started to feel like they were accusing me of lying. Infact also stating that NO ONE else has complained of a feed issue, when there were multiple people here alone complaining at the same time.

To me thats unacceptable and it showed a huge lack of knowledge, both of the platform itself and of the retail marketplace. There have been other companies of other types in that region who have died because of the same exact reaction to support when dealing with an international market. If someone complains its not just for shits and giggles its to highlight an issue. Even if the outcome is not in the favor of the customer, at least the issue is acknowledge and resolved. In this case it was not even though its clearly evident mathematically. I even fixed it myself by lowering the read ticks in my averages. Its just so unprofessional and stupid to me. But maybe I'm not their target market? Know what im sayin'
  • #6,066
  • Mar 12, 2021 6:58pm Mar 12, 2021 6:58pm
Quoting mixedbags
{quote} The Funding talent 100k aggressive model is so much better.
I'm not interested in their regular models just the challenges. The progression isnt neccesary for me, I already trade high 6 figures sometimes 7 depending on withdrawals. I only do this stuff because i'm ADHD and bored and life is pretty much secured for me from my other activities. I'll take capital if i can get it but I sure as fuck won't be bait and switched by anyone. My activity in this thread is to highlight my experience here to be clear to those who don't have the luxury of disposable income as I do.
I really like Funding talents personnel, they are very hands on and active. The FTMO staff seem dry, could be a cultural issue, but if you are dealing internationally, be international.
  • #6,067
  • Mar 12, 2021 7:52pm Mar 12, 2021 7:52pm
Quoting Takisd
{quote} Live chat is always offline my hours. I actually emailed both supports at the same time and got a response from funding talent about 8 hours faster and it was very clear and concise. With FTMO it feels like I am doing half the job of support, they are there to question you not fix problems or acknowledge things. My example is that i highlighted a problem clearly, and rather than saying "ok, lets run a test together" they basically said " well you need more proof so spend your time proving it and then maybe we will pay attention". Then went...
I've only had a few email exchanges with FTMO support, but I have to agree. Misunderstandings were the norm, in spite of clearly worded questions and requests. I wasn't bothered enough to make an issue of it...perhaps there is a language barrier, I thought. Or a training issue... they did not seem to be as familiar with the terminology and technicalities of the platform and trading as I would hope... I hope constant improvement in these areas is a thing.
  • #6,068
  • Mar 13, 2021 5:50am Mar 13, 2021 5:50am
Inserted Video
  • #6,069
  • Mar 13, 2021 7:09am Mar 13, 2021 7:09am
As far as I know, the FT "funded account" has only 1:25 leverage

Myff are coming out next week with their version of the FTMO model with up to 85% profit split and bi-monthly payouts.

So the competition is getting fierce
  • #6,070
  • Mar 13, 2021 7:54am Mar 13, 2021 7:54am
Quoting Mtinifx
As far as I know, the FT "funded account" has only 1:25 leverage Myff are coming out next week with their version of the FTMO model with up to 85% profit split and bi-monthly payouts. So the competition is getting fierce
Lmao yeah I saw the MFF news..always knew the biweekly guys wouldn't remain with only that model forever...Now Everyone is gunning for a chunk of FTMO's market share.

While FTMO may publicly act like they don't really care, I know they're somewhat concerned. Looking forward to something extra from them........

And no! The new 200k account was not it. 400k max funding is nice though...an "okay" start.

Quoting Hutch
https://www.youtube.com/watch?v=lXWq0QbbmwI
Are you the owner of the channel Hutch?

Looking at that strategy, I don't know how it fairs in the challenge. Apart from the subjectivity surrounding choosing which low or high to use in spotting the RSI hidden divergence, it also doesn't seem to produce enough signals to complete the challenge on time, when matched with his recommended 0.5% risk per trade and 1:2R targets.
Let me check it out further.
  • #6,071
  • Mar 13, 2021 8:14am Mar 13, 2021 8:14am
Quoting Koop
{quote} Looking at that strategy, I don't know how it fairs in the challenge. Apart from the subjectivity surrounding choosing which low or high to use in spotting the RSI hidden divergence, it also doesn't seem to produce enough signals to complete the challenge on time, when matched with his recommended 0.5% risk per trade and 1:2R targets. Let me check it out further.
It's a basic premise. You get in get, get out, bank profits. Market structure is key. The basic pattern repeats itself all the time.
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5M with 50MA+200MA....easy peasy
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Trade with confidence, trade without fear.
  • #6,072
  • Mar 13, 2021 10:13am Mar 13, 2021 10:13am
Quoting Mtinifx
As far as I know, the FT "funded account" has only 1:25 leverage Myff are coming out next week with their version of the FTMO model with up to 85% profit split and bi-monthly payouts. So the competition is getting fierce
Who is Myff? Thanks
  • #6,073
  • Edited 10:37am Mar 13, 2021 10:18am | Edited 10:37am
Quoting Cryptosurf
{quote} It's a basic premise. You get in get, get out, bank profits. Market structure is key. The basic pattern repeats itself all the time. {image} 5M with 50MA+200MA....easy peasy {image}
i second that.
below i explain to a friend why us30 on friday even thought it seemed a good sort, itwasnt.
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and why gold was a good long with no extra comments.
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+ why and when you could trade continuation on gold
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the comments are in greek so i will translate


if you can understand market structure thats all you need

ps. do not send me messages again to teach you. my charts above are all you need. both for reversal and for continuation. basic principles, exploit them. nothing more is needed

ps.2 i am in the mood today so i am gonna share a system i made for a friend. prity simple 55-60% accuracy for 1.5r for eurusd on bad situations. on good situations gets at 75-80%. max losses in a row that i counted as far as back 5m timeframe can go were 3 or 4 cant remember

a.put on a chart CCI(500) with level 0. when cci line is above zero line you only buy, when is below you only sort
b. wma500 and wma200
c. buy when cci above zero line and price touches wma200. stops at previous swing low.
c. buy when cci above zero line and price touches wma500. stops at previous swing low if its not broken.
d. target 1.5r
e. the opposite for sell

yeah simple as that. below a graph for entries. i dont know if it works on other pairs, havent tested it but it gives 2-3 trades per day, who need more?
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offering my system to copy trade. check my link
  • #6,074
  • Edited 10:45am Mar 13, 2021 10:30am | Edited 10:45am
Quoting nikosk0
{quote} i second that. below i explain to a friend why us30 on friday even thought it seemed a good sort, itwasnt. {image} and why gold was a good long with no extra comments. {image}{image} + why and when you could trade continuation on gold {image} the comments are in greek so i will translate if you can understand market structure thats all you need ps. do not send me messages again to teach you. my charts above are all you need. both for reversal and for continuation. basic principles, exploit them. nothing more is needed
Yep, new stimulus passing added some strength. NAS was the only one not reacting as much.

EDIT: Solid approach on the setups. Doesn't need to be overly complicated.
Trade with confidence, trade without fear.
  • #6,075
  • Mar 13, 2021 10:45am Mar 13, 2021 10:45am
Quoting Koop
{quote}Also, Mr Due diligence, all the rules and restrictions are clearly outlined on the firm's website.
i have scoured the ftmo.com website, looking high and low for a "clearly outlined" list of rules and restrictions, but i simply can not find it anywhere.

i contacted the ftmo company, using their website's chat function, i asked them if they could point me to the restrictions for their "challenge", and they pointed me to this "terms-conditions" link, but i would not in any way consider this to be "clearly outlined", but instead i find it to be anything but clear and easy to understand.

https://ftmo.com/en/terms-conditions/

respectfully,

Field Agent J Moreno, SA, TPL

https://www.fincen.gov
  • #6,076
  • Mar 13, 2021 11:22am Mar 13, 2021 11:22am
Quoting jmoreno
{quote} i have scoured the ftmo.com website, looking high and low for a "clearly outlined" list of rules and restrictions, but i simply can not find it anywhere. i contacted the ftmo company, using their website's chat function, i asked them if they could point me to the restrictions for their "challenge", and they pointed me to this "terms-conditions" link, but i would not in any way consider this to be "clearly outlined", but instead i find it to be anything but clear and easy to understand. https://ftmo.com/en/terms-conditions/ respectfully,...
You seem to be the only one on this thread who has ever had any issues locating the rules, terms and conditions surrounding the FTMO challenges. You either can't read or as already implied, are too lazy to actually do your due diligence. On the front page of the website all the criteria for passing are already listed beside the various account sizes.

Even under the Terms and conditions which you so strangely decided to post here in full yesterday, rules, restrictions and conditions are clearly addressed from sections 5 all the way to 6 or 7. I didn't even need to read the whole thing to spot the titles just skimming through-

5. RULES OF DEMO TRADING
6. FTMO CHALLENGE AND VERIFICATION.

If you can't even bring yourself to settle down and read through the terms to find what you're looking for then what due diligence are you doing exactly? tax audit documents?
  • #6,077
  • Mar 13, 2021 11:28am Mar 13, 2021 11:28am
Quoting Koop
{quote} You seem to be the only one on this thread who has ever had any issues locating the rules, terms and conditions surrounding the FTMO challenges. You either can't read or as already implied, are too lazy to actually do your due diligence. On the front page of the website all the criteria for passing are already listed beside the various account sizes. Even under the Terms and conditions which you so strangely decided to post here in full yesterday, rules, restrictions and conditions are clearly addressed from sections 5 all the way to 6 or...
Koop, Field Agent J Moreno, SA, TPL is an agent of foreign government....be very careful how you address this person (WTF??)
  • #6,078
  • Mar 13, 2021 2:09pm Mar 13, 2021 2:09pm
Quoting sheppy
{quote} Who is Myff? Thanks
Myforexfunds

https://www.forexfactory.com/thread/...4#post13450594
  • #6,079
  • Mar 13, 2021 2:19pm Mar 13, 2021 2:19pm
Quoting driven18
{quote} Koop, Field Agent J Moreno, SA, TPL is an agent of foreign government....be very careful how you address this person (WTF??)
Yep, by the looks of his new "signature", looks like this gentleman is more interested in finding flaws in a Czech Republic based company legal affairs than actually becoming funded. This is probably not the best place for that.
  • #6,080
  • Mar 13, 2021 4:28pm Mar 13, 2021 4:28pm
Quoting Tomas-ftmo
Hello everyone, I hope you have a great week behind you, I’m delighted to see that the forum was quite alive for the past week and we’re back with another regular update. The past week was rather standard for us and we’ve proved to ourselves that even despite the newly applied COVID-related restrictions and most of the team working from their home offices, we are able to manage our every-day operations smoothly just as if everyone would be at the office. There was one rather unpleasant situation we had to face, however. Last Saturday on the 6th...
Just wondering if stock indices are available to trade or fx only? Thanks in advance.
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