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FTMO - For serious traders

  • #6,341
  • Mar 20, 2021 12:19am Mar 20, 2021 12:19am
Quoting PaulMF
{quote} Veteran wisdom!
No, stop thinking that you are an old dog. Because You can't teach an old dog new tricks. I suggest you get out of your old comfort zone and learn from the younger generation.
  • #6,342
  • Mar 20, 2021 4:31am Mar 20, 2021 4:31am
Quoting nikosk0
done and 5 more days to finish another on another firm(target is nearly met), getting close to 1m funds. hopefully more than 2m within the year. its kinda hard to switch between platforms basixally that was 9 days. 2 were saturday and sunday 0.01 lot trades on bitcoin {image} here is the other. target is also 16k and i need 5 more days {image}
Those are great results and what a lot of traders dream of achieving. Can you share your journey as to how many challenges you took, the failures and what you learnt from them? It would be great because everyone keeps posting just the same old screenshots. Î am sure it was not always rosy and simple like many portray it to be.
Your salary is the bribe they give you to forget your dreams
  • #6,343
  • Mar 20, 2021 4:40am Mar 20, 2021 4:40am
Quoting mixedbags
{quote} No, stop thinking that you are an old dog. Because You can't teach an old dog new tricks. I suggest you get out of your old comfort zone and learn from the younger generation.
- I never said I'm an old dog.
- I never tried to teach an old dog new tricks.
- I'm here to learn from whatever generation.

I'm just describing basic concepts to those that they don't have. Good intentions.

Crypsurf, pipmaster77, nikosk0, Rmg, have problems with basic concepts and I'm just helping them. Trying to clarify things.


Instead of saying what I have to do, you can always contribute and explain FIFO and help them. Unless you agree with them and think that FIFO is bad.
Always ready to help
  • #6,344
  • Mar 20, 2021 5:12am Mar 20, 2021 5:12am
Quoting PaulMF
{quote} - I never said I'm an old dog. - I never tried to teach an old dog new tricks. - I'm here to learn from whatever generation. I'm just describing basic concepts to those that they don't have. Good intentions. Crypsurf, pipmaster77, nikosk0, Rmg, have problems with basic concepts and I'm just helping them. Trying to clarify things. Instead of saying what I have to do, you can always contribute and explain FIFO and help them. Unless you agree with them and think that FIFO is bad.
Trading is a zero-sum game with the odds stacked against us yet everyone here still willingly continues to participates ok so the odds of FTMO are also stacked against us have you not worked out the type of personalities you are dealing with you are beating a old drum

If some people want to ignore basic maths it's up them and the reason they ignore it is because they believe they can beat the odds and make a lot of money in the process
  • #6,345
  • Mar 20, 2021 5:31am Mar 20, 2021 5:31am
Quoting Rmg
{quote} It sounds like.. Trying to teach your daddy how to f**k. Funny in it.
Better said.
It sounds like...
Trying to teach kids how to tie shoelaces.


Why don't you just explain why FIFO is bad instead of deleting your posts? For example, in which way FIFO would affect in your FTMO management.?
Always ready to help
  • #6,346
  • Mar 20, 2021 5:38am Mar 20, 2021 5:38am
Quoting PaulMF
{quote} Better said. It sounds like... Trying to teach kids how to tie shoelaces. Why don't you just explain why FIFO is bad instead of deleting your posts? For example, in which way FIFO would affect in your FTMO management.?
some traders preferred to be able to have total control of each single position in a hedging platform, whether to close all or whatever.
The FIFO rule, kind of restrictive. BTW I do fast in fast out, big lot size, 2 to 5 pips profit is good enough.
  • #6,347
  • Mar 20, 2021 5:40am Mar 20, 2021 5:40am
Thomas

I can't wait to see the upgrade you will bring to your funding models

Yesterday one of your direct competitor according to me released they funding models that look like yours but supercharged

I hope you will do better guys.....my bet is with Ftmo

I am not going to mention their name.

This is what they did

The main points to consider:

 

  1. Their Target is 8% and not 10%
  2. On evaluation target is 4% not 5%
  3. Their subscription fees are less
  4. Profit share 75 - 80 - 85% [From 3rd Month they pay 85%]
  5. The pay pay 2% if you pass challenge
  6. They pay 4% if you pass evaluation
  7. Refund your subscription fees plus 12% on top
  8. Their max drawdown is 12% not 10%
  9. They allow News Trading
  10. Holding position over weekend

Just saying

  • #6,348
  • Mar 20, 2021 5:44am Mar 20, 2021 5:44am
Quoting mixedbags
{quote} some traders preferred to be able to have total control of each single position in a hedging platform, whether to close all or whatever. The FIFO rule, kind of restrictive. BTW I do fast in fast out, big lot size, 2 to 5 pips profit is good enough.
It is wrongly called hedging platform. You are not hedging in these platforms.

There is only one position at a time. There is no such a thing of "multiple positions" of one asset.

I think FIFO is quite the opposite, it is kind a protective. Protects traders who don't have the knowledge.
Always ready to help
  • #6,349
  • Mar 20, 2021 5:57am Mar 20, 2021 5:57am
Quoting PaulMF
{quote} Better said. It sounds like... Trying to teach kids how to tie shoelaces. Why don't you just explain why FIFO is bad instead of deleting your posts? For example, in which way FIFO would affect in your FTMO management.?
I am deleting bcz, the bullcrap you are onto is not related to FTMO.
How about you open a trading discussion thread on FIFO
and entertain yourself.
Leave this thread for FTMO please.
on a postive roll...
  • #6,350
  • Mar 20, 2021 6:01am Mar 20, 2021 6:01am
Quoting PaulMF
{quote} It is wrongly called hedging platform. You are not hedging in these platforms. There is only one position at a time. There is no such a thing of "multiple positions" of one asset. I think FIFO is quite the opposite, it is kind a protective. Protects traders who don't have the knowledge.
Now it convinced me that maybe, you are the one that should get the basic right.
  • #6,351
  • Mar 20, 2021 6:10am Mar 20, 2021 6:10am
Thanks a lot Tomas, I appreciate you taking the time and clarify that point on question 4. regarding the TC.

I agree that you should reserve this right for the reasons you specified. And I view this in the same manner as all brokers reserve the right to alter or close your trades without prior notice and at their discretion (such as in the case of an emergency, market error, etc.). Problems arise when this and other necessary terms are abused by shady firms of any kind. FTMO has never given any such indication and I strongly believe and hope that it will keep its good practice and reputation in the future.

Also thanks to ForexFactory for providing a space to voice my concerns.

FTMO remains good in my book.
Thanks again Tomas!

I'm out.
P.S. If anyone wants to compare FTMO with any "new solution" please take the time and scrutinize the new company's TC (terms and conditions) and, in some cases, get prepared for the fright of your life!
  • #6,352
  • Mar 20, 2021 6:16am Mar 20, 2021 6:16am
Quoting PaulMF
{quote} As I have explained to you in many posts there are more companies offering better alternatives and without having to pay a participation fee. I thought you didn't want to chat with me... What a surprise! You are welcome again. Thanks for quoting me.
the question is over which time frame are those statistics ..the longer the more % profitable will drop..
  • #6,353
  • Edited 7:21am Mar 20, 2021 7:09am | Edited 7:21am
Quoting PaulMF
{quote} - I never said I'm an old dog. - I never tried to teach an old dog new tricks. - I'm here to learn from whatever generation. I'm just describing basic concepts to those that they don't have. Good intentions. Crypsurf, pipmaster77, nikosk0, Rmg, have problems with basic concepts and I'm just helping them. Trying to clarify things. Instead of saying what I have to do, you can always contribute and explain FIFO and help them. Unless you agree with them and think that FIFO is bad.
I dont have any problem with any concept, speak for yourself not me.

Also i am not here to learn anything, i only here to share a small part of my experience with others. Not sligtly interested in getting distracted from my plan that has been consistently and with good returns paying me.

I do not need nor care to prove anything to you or to anyone else. (Unless you wanna give a couple of millions to trade with)

It is your decision and yours alone to either belueve me and get better or not. Untill i get bored of the forum like most of the profitable ones and go for good.
offering my system to copy trade. check my link
  • #6,354
  • Mar 20, 2021 7:14am Mar 20, 2021 7:14am
Quoting nikosk0
done and 5 more days to finish another on another firm(target is nearly met), getting close to 1m funds. hopefully more than 2m within the year. its kinda hard to switch between platforms basixally that was 9 days. 2 were saturday and sunday 0.01 lot trades on bitcoin {image} here is the other. target is also 16k and i need 5 more days {image}
great job !

which firms you are with and which products do you trade ? Daytrading ?
  • #6,355
  • Mar 20, 2021 7:14am Mar 20, 2021 7:14am
Quoting horvat
{quote} Those are great results and what a lot of traders dream of achieving. Can you share your journey as to how many challenges you took, the failures and what you learnt from them? It would be great because everyone keeps posting just the same old screenshots. Î am sure it was not always rosy and simple like many portray it to be.
I trade 13 months in my life.
On the 5th month i got my money back
On the 9th month i joined the profitable club.

1st ftmo challenge was passed immediatly but i lost the funded account cause of cockiness.

Lost a couple more cause of cockiness in my own live account that was doing excelent.

Got funded again, took a big enough split of +20%
Now going for max axcount on ftmo and another firm + trading my own live account different style.
offering my system to copy trade. check my link
  • #6,356
  • Mar 20, 2021 7:49am Mar 20, 2021 7:49am
The way these “prop” firms work is that they use the fees paid for the challenges of which about 90 % Dont get a funded account for the 10% that gets a funded account as drawdown/risk capital so in the end they don’t risk any of their own money and probably make money on those fees alone after substracting the money they lose on drawdowns of funded accounts..

real prop firms don’t require you to put up any capital , they train you , pay you a minimum to survive ...
  • #6,357
  • Mar 20, 2021 8:24am Mar 20, 2021 8:24am
Quoting nikosk0
{quote} I trade 13 months in my life. On the 5th month i got my money back On the 9th month i joined the profitable club. 1st ftmo challenge was passed immediatly but i lost the funded account cause of cockiness. Lost a couple more cause of cockiness in my own live account that was doing excelent. Got funded again, took a big enough split of +20% Now going for max axcount on ftmo and another firm + trading my own live account different style.
Good for you. You are the new Soros! Sooner or later will see your name in morningstar as fund manager.

I still think you should learn the basics.
Always ready to help
  • #6,358
  • Mar 20, 2021 8:29am Mar 20, 2021 8:29am
Quoting PaulMF
{quote} Good for you. You are the new Soros! Sooner or later will see your name in morningstar as fund manager. I still think you should learn the basics.
he's accomplishing what you refer to as "impossible". I don't think he's the one who needs to learn the basics.

Teachers teach, Traders trade. Go teach your basics somewhere else Paul.
  • #6,359
  • Mar 20, 2021 8:43am Mar 20, 2021 8:43am
Quoting PaulMF
{quote} Good for you. You are the new Soros! Sooner or later will see your name in morningstar as fund manager. I still think you should learn the basics.
i am nik not soros
apart from the challenges i posted above you can see below another personal live account in test compound mode.
1 or maybe 2 trades per week for this account.

now dont be jealous, be curious.

nothing is impossible, good luck if you change your mind, f.. off if you dont
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 84 KB
offering my system to copy trade. check my link
  • #6,360
  • Mar 20, 2021 8:45am Mar 20, 2021 8:45am
Quoting nikosk0
{quote} I trade 13 months in my life. On the 5th month i got my money back On the 9th month i joined the profitable club. 1st ftmo challenge was passed immediatly but i lost the funded account cause of cockiness. Lost a couple more cause of cockiness in my own live account that was doing excelent. Got funded again, took a big enough split of +20% Now going for max axcount on ftmo and another firm + trading my own live account different style.
Seen your other thread, you have got it all figured it out.
Don't respond to the twats.
I hope it's not beginners luck, stay humble and sky is your limit. .
on a postive roll...
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