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FTMO - For serious traders

  • #6,161
  • Mar 15, 2021 2:32pm Mar 15, 2021 2:32pm
Quoting Expo33
{quote} I know but it still begs the question of why can a trader open 100 lot trade but they can't trade news, or at least leave swing trades open without fear of hitting their TP or SL. So basically you have to close your swings trades or take your SL/TPs off or make them huge just in case. Doesn't add up for me. 1+1 = 3
the "challenge" trading model is intentionally designed to be impossible.

To signup for a $200k challenge account at ftmo requires the trader to pay a fee of $1,288.76 approximately, and then there are many hurdles placed in his path that are designed to allow ftmo to legitimately "cancel" his challenge and keep his $1,288.76 fee.

If your Profit/Loss drops below -5%, you are cancelled.
if you have a max Loss of more than -10%, you are cancelled.
you are required to CLOSE YOUR TRADES during certain news events.(WTF?)
you are required to CLOSE YOUR TRADES during the weekend.

the list of purely ridiculous reasons why they can CANCEL your challenge account and keep your fee of $1,288.76 is almost endless.

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

but hey, karmostaji has shown his bank account and claims that ftmo is legit, so i suppose its all good.

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and did someone comment that i am probably the MILLIONTH PERSON to come into this thread and suggest that this is a scam?

i am somehow not surprised.

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  • #6,162
  • Mar 15, 2021 2:32pm Mar 15, 2021 2:32pm
Quoting Quickly
{quote} I don't think it will work like that at all. The first month is by far the hardest. I think there won't be too much attrition, after that (though some, obviously). In that sense, FTMO have worked it out well, to retain a high proportion of those who can manage to qualify. My contention is that if they allowed 2 months instead of 1, for the initial 10%, they'd do better in the long run both by having more people who can actually trade safely passing, and by weeding out a small handful of people who got lucky with reckless position-sizes in...
Totally agree. I don't understand the reasoning behind making the verification 60 days with a target of 5% while 10% challenge gets 30.
i guess the challenge is meant to be challenging lol.
I hope they look into it. switching it up would do a lot for their demand, especially now that every other firm is following suit
  • #6,163
  • Mar 15, 2021 2:34pm Mar 15, 2021 2:34pm
i found another one: the prop trading, with 80% for traders in profit split.
  • #6,164
  • Mar 15, 2021 2:35pm Mar 15, 2021 2:35pm
Quoting jmoreno
{quote} the "challenge" trading model is intentionally designed to be impossible. To signup for a $200k challenge account at ftmo requires the trader to pay a fee of $1,288.76 approximately, and then there are many hurdles placed in his path that are designed to allow ftmo to legitimately "cancel" his challenge and keep his $1,288.76 fee. If your Profit/Loss drops below -5%, you are cancelled. if you have a max Loss of more than -10%, you are cancelled. you have to CLOSE YOUR TRADES during certain news events.(WTF?) the list of purely ridiculous...
lol They were right, there's no end to your games. You asked for proof from a long time FF member, you got it....yet you still have something to say.
  • #6,165
  • Mar 15, 2021 2:44pm Mar 15, 2021 2:44pm
Quoting Koop
{quote} lol They were right, there's no end to your games. You asked for proof from a long time FF member, you got it....yet you still have something to say.
no, my friend, this is not a bank statement, instead this is some nonsense that was made up in the preschool version of paintbrush.

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Field Agent J Moreno
Financial Crimes Enforcement Network
http://fincen.gov
  • #6,166
  • Mar 15, 2021 3:39pm Mar 15, 2021 3:39pm
Whoever is temp suspending him.. f'ing ban him already... Do yourselves a service.
  • #6,167
  • Edited 4:34pm Mar 15, 2021 4:03pm | Edited 4:34pm
FTMO=Server2 has been frozen for more than 7 minutes now. Is there anyone experience the same thing here?


Edit: The platform is back to normal
  • #6,168
  • Mar 15, 2021 4:38pm Mar 15, 2021 4:38pm
Quoting tradista
For inspiration: just passed another trial in 5 trades, scalping 1% risk per trade and 1.5R target. Really clean PA during London session today. {image}{image} 2 out of 5 consecutive successful trials (3 more to go before challenge).

Five trades with over 100 standard lots on account of 40K! I do not think this is an inspiration to me.
  • #6,169
  • Mar 15, 2021 4:41pm Mar 15, 2021 4:41pm
Quoting stirmatt
{quote} Five trades with over 100 standard lots on account of 40K! I do not think this is an inspiration to me.
Sure I understand. Scalping the 1 minute chart with a SL of 1.5 to 3 pips max, with high precision entries is not for everyone.
Still 1% risk for challenge training. In funded account I use 0.5% or 0.25%.
But all good, everyone trades differently.
  • #6,170
  • Mar 15, 2021 6:27pm Mar 15, 2021 6:27pm
Quoting tradista
{quote} Sure I understand. Scalping the 1 minute chart with a SL of 1.5 to 3 pips max, with high precision entries is not for everyone. Still 1% risk for challenge training. In funded account I use 0.5% or 0.25%. But all good, everyone trades differently.
100 lots per trade for a scalp ? You will get some serious slippage because of the size , that is size to go for a swing trade not a scalp...
  • #6,171
  • Mar 15, 2021 8:32pm Mar 15, 2021 8:32pm
Quoting Saxio
{quote} 100 lots per trade for a scalp ? You will get some serious slippage because of the size , that is size to go for a swing trade not a scalp...
118 lots in 5 trades = 118/5 = 23.6 lots on average per trade.
  • #6,172
  • Mar 15, 2021 10:03pm Mar 15, 2021 10:03pm
Quoting tradista
{quote} Sure I understand. Scalping the 1 minute chart with a SL of 1.5 to 3 pips max, with high precision entries is not for everyone. Still 1% risk for challenge training. In funded account I use 0.5% or 0.25%. But all good, everyone trades differently.
I can’t see the reason for such a small SL and that large trade size. You either know a trade is a high percentage winner or you don’t.
Seem like the slippage would destroy that strategy to me
Trading thin liquidity at the boundary of the charts
  • #6,173
  • Mar 16, 2021 1:24am Mar 16, 2021 1:24am
Quoting Koop
{quote} lol They were right, there's no end to your games. You asked for proof from a long time FF member, you got it....yet you still have something to say.
Stop wasting your time and energy bro, some people suck at trading and are just in denial, LOL.

Peace
Trade what you see, not what you think.
  • #6,174
  • Mar 16, 2021 2:14am Mar 16, 2021 2:14am
[quote=jmoreno;13452882]{quote} the "challenge" trading model is intentionally designed to be impossible.......

both are not applicable during a challenge...
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  • #6,175
  • Mar 16, 2021 2:28am Mar 16, 2021 2:28am
[quote=snail69;13453456]
Quoting jmoreno
{quote} the "challenge" trading model is intentionally designed to be impossible....... both are not applicable during a challenge... {image}

Actually, it's not that difficult at all
  • #6,176
  • Mar 16, 2021 2:31am Mar 16, 2021 2:31am
Quoting tradista
{quote} Sure I understand. Scalping the 1 minute chart with a SL of 1.5 to 3 pips max, with high precision entries is not for everyone. Still 1% risk for challenge training. In funded account I use 0.5% or 0.25%. But all good, everyone trades differently.
What's the value of 1 pip when you trade with over 20 lots?

Is loss of 3 pips trading with 20 lots on 40k account not more than the said 1% risk?

What you typed above isn't what you are doing and I know it's a sure way for anyone to lose the challenge though you are trading free trial.

FTMO Server2 trading platform was frozen for about 8 minutes yesterday on my computer. What would have happened if you find yourself in that situation with 20 lots trade opened?

Anyways, it's your trial and what matters is to get funded.
  • #6,177
  • Mar 16, 2021 4:44am Mar 16, 2021 4:44am
If the FTMO challenge is so simple for those here. Why don't you take other less demanding challenges where you don't have to pay a parcipatio fee?

I need to understand what you get from this challenge that others don't give you.

Can you imagine someone having to paid 155 euros for each job interview?
Always ready to help
  • #6,178
  • Mar 16, 2021 4:56am Mar 16, 2021 4:56am
Quoting stirmatt
{quote} What's the value of 1 pip when you trade with over 20 lots? Is loss of 3 pips trading with 20 lots on 40k account not more than the said 1% risk? What you typed above isn't what you are doing and I know it's a sure way for anyone to lose the challenge though you are trading free trial. FTMO Server2 trading platform was frozen for about 8 minutes yesterday on my computer. What would have happened if you find yourself in that situation with 20 lots trade opened? Anyways, it's your trial and what matters is to get funded.
sometimes 3 pips is too big of a stop
i trust him cause i do it as well

i dont have a recent entry to show but i do have a recent plan i had sent to a friend (i missed the entry)
if you have a plan in place and wait you can do it.

UC long was another i liked yesterday but i chickened out from taking it
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offering my system to copy trade. check my link
  • #6,179
  • Mar 16, 2021 5:16am Mar 16, 2021 5:16am
Quoting PaulMF
Why don't you take other less demanding challenges where you don't have to pay a parcipation fee? I need to understand what you get from this challenge that others don't give you.
Please direct me to such firms where one can take challenges without having to pay a participation fee Paul. Please.


Quoting PaulMF
Can you imagine someone having to paid 155 euros for each job interview?
Nope. But i can imagine someone having to pay $775 to write a CPA test/exam/challenge in order to qualify for an Accounting Job. Most likely, if they really want that Job, they'll take the test again even after failing 20 times.
All you have to ask yourself is "is the reward worth the risk?"
  • #6,180
  • Edited 5:34am Mar 16, 2021 5:19am | Edited 5:34am
Good day, gentlemen traders, I have been reading this thread for a very long time, but I decided to write only now.
Many people write that the goal of 10% is impracticable and needs to be lowered, my opinion is that it is worth trying to do 0.5-1% per day and then you will not have problems with the passage.
Also, in no case should you pay for a challenge if you do not have a trading strategy in which you are 110% confident, otherwise it is better to trade on your own account.
For more than 6 years, I have scalped 95% of the cases on m1-m5, tried long-term trades, but realized that this is not mine, as they say, you can watch the loss for a long time, but how profit is impossible to add to your account, I want to close it as soon as possible ... Therefore, fast deals of 5-30 minutes with a large order volume are the best fit for me.
I believe that ALL the rules that FTMO sets are established correctly.
a.) Restricting news trading - instills discipline.
b.) The need to close deals at the end of the week is also very clear - to eliminate the risks of getting into a gap.
I had a goal of 1-2% per day to complete the task in 10 days, but it turned out in 4)


https://trader.ftmo.com/metrix?share=4f41de583511
sorry for my English, using google translator.
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