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FTMO - For serious traders

  • #6,521
  • Mar 25, 2021 9:44am Mar 25, 2021 9:44am
Quoting Cryptosurf
{quote} Don't kid yourself. Your trolling and baiting here will get you reunited to the cornfield with your buddy jmoreno.
Are you the one that reported me?
Always ready to help
  • #6,522
  • Mar 25, 2021 9:48am Mar 25, 2021 9:48am
Thank you, Koop and LoveScalping.

I started trading a 50k demo account this week (my own, not the FTMO trial yet). So far, so good.
Getting used to seeing big numbers move up and down. Having a good week.
  • #6,523
  • Mar 25, 2021 9:54am Mar 25, 2021 9:54am
Quoting PaulMF
{quote} Are you the one that reported me?
haha sounds like primary school all over again
  • #6,524
  • Mar 25, 2021 10:02am Mar 25, 2021 10:02am
Quoting PaulMF
{quote} Are you the one that reported me?
Nope, you can ask Twee. Like i said before, people like you will either flame out or get booted. You're well on your way with each.
Trade with confidence, trade without fear.
  • #6,525
  • Mar 25, 2021 10:04am Mar 25, 2021 10:04am
Quoting Cryptosurf
{quote} Nope, you can ask Twee. Like i said before, people like you will either flame out or get booted. You're well on your way with each.
Sorry for asking. Just received a mesage that some senior did it and I didn't know if that was related to red flags.
Always ready to help
  • #6,526
  • Mar 25, 2021 12:05pm Mar 25, 2021 12:05pm
Children
Trade what you see, not what you think.
  • #6,527
  • Mar 25, 2021 11:04pm Mar 25, 2021 11:04pm
I think PaulMF has some interesting points, and questions, and hope he continues to post...

not everything he drops is pure gold, but certainly no need to get cancelly about the bloke. I don't get the sense he's just trolling...

I kinda like him.

If you disagree with him, and it matters enough to you,
feel free to counter his argument or disprove his assertion...
or just express your doubts. It's all good.
  • #6,528
  • Mar 26, 2021 4:34am Mar 26, 2021 4:34am
Quoting doyathink
I think PaulMF has some interesting points, and questions, and hope he continues to post... not everything he drops is pure gold, but certainly no need to get cancelly about the bloke. I don't get the sense he's just trolling... I kinda like him. If you disagree with him, and it matters enough to you, feel free to counter his argument or disprove his assertion... or just express your doubts. It's all good.
Seriously? Then feel free next time to counter my arguments instead of

Quoting doyathink
{quote} this doesn't pass the Turing test...
Cynicism or remorse?
Always ready to help
  • #6,529
  • Mar 26, 2021 4:47am Mar 26, 2021 4:47am
Quoting doyathink
I think PaulMF has some interesting points, and questions, and hope he continues to post... not everything he drops is pure gold, but certainly no need to get cancelly about the bloke. I don't get the sense he's just trolling... I kinda like him. If you disagree with him, and it matters enough to you, feel free to counter his argument or disprove his assertion... or just express your doubts. It's all good.
Lol He has nothing new or meaningful to contribute and deliberately berates and ignorantly dismisses every argument or point made by anyone in an attempt to explain things to him. He's not interested in meaningful discourse, but yeah, i see him as sideshow entertainment and don't really want him cancelled either.

btw still think he's not a troll?
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  • #6,530
  • Mar 26, 2021 5:02am Mar 26, 2021 5:02am
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  • #6,531
  • Mar 26, 2021 5:32am Mar 26, 2021 5:32am
Quoting Koop
{quote} Lol He has nothing new or meaningful to contribute and deliberately berates and ignorantly dismisses every argument or point made by anyone in an attempt to explain things to him. He's not interested in meaningful discourse, but yeah, i see him as sideshow entertainment and don't really want him cancelled either. btw still think he's not a troll? {image}
Paraphrasing you:
Lol He has nothing new or meaningful to contribute and deliberately berates and ignorantly dismisses every argument or point made by anyone in an attempt to explain things to him. He's not interested in meaningful discourse, but yeah, i see him as sideshow entertainment and don't really want him cancelled either.
btw still think he's not a troll?

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Always ready to help
  • #6,532
  • Mar 26, 2021 5:37am Mar 26, 2021 5:37am
Well. Let's focus on trading and this specific case, the chances to pass a challenge that is far more complicated than what professionals do.

As I was discussing with Saxio, I still find an option to use some martin-gale like system to get 10% profit in a month. I'm trying some EAs that could help in that matter.

What's your opinion traders? What's the approach you would use? if any.
Always ready to help
  • #6,533
  • Mar 26, 2021 7:00am Mar 26, 2021 7:00am
Quoting PaulMF
Well. Let's focus on trading and this specific case, the chances to pass a challenge that is far more complicated than what professionals do. As I was discussing with Saxio, I still find an option to use some martin-gale like system to get 10% profit in a month. I'm trying some EAs that could help in that matter. What's your opinion traders? What's the approach you would use? if any.
You need to put away this nonsense idea of "professional" traders. Are they professionals simply because they have finance degrees or because they work for big finance or investment firms? If it's the latter then you have to understand that these guys are managing hundreds of millions and do not need to make up to 10% in one month to make a killing, so why would they risk so much? The more money you manage the less risk you are likely to take.
Many traders here have completed trials or challenges within 1-5 days, and you say 20 days is impossible? does that make them better than "professionals"?.
Some chump in another thread said "even God can't do it".

Secondly, regarding strategy. To the best of my knowledge, Martingale is not really a trading strategy, its more of a risk allotment/management strategy(not advised).
So it's just useless talking about it if you don't already have a profitable TRADING strategy/system which you could apply martingale to.
Check out Nikosko market structure thread, it has a readymade strategy that could net you 5-10% in a month if you target a good R:R per trade, of course with enough practice.
C.Surf has already explained how you can pass the challenge making only 0.5% per day, all you then have to do is find a strategy that can help you achieve something like that.
A short term trend trading system would work best IMO.
  • #6,534
  • Mar 26, 2021 7:22am Mar 26, 2021 7:22am
You talk like an FTMO seller.

I follow that nonsense nikosk0 strategy since the first day and I can't contribute there because he blocked me just because I had to explain here (in this thread) how to make simple arithmetics. He does not understand (you too) how FIFO works, what is hedging, position sizing, etc.

I have developed and analyze many trading systems, and from my modest opinion the best way to (by chance) get 10% in a month it is by a system that relies on a martin-gale like logic.

Anyway, that's not something that would have too much sense in the real scenario. What makes the FTMO challenge more suitable for a pariticipation-fees-firm than the pretencious prop-firm they demanded to be.

It is my modest opinion based on my trading background and the luck to ever find a succesful trader capable of making 10% a month. That would make him, the richest person in the wolrd in a matter of years.

So, I will keep looking for those martin-gale like systems that could serve in the purpose of getting 10% in a month. Unless, some contributor convince me that there is a better alternative.
Always ready to help
  • #6,535
  • Mar 26, 2021 7:32am Mar 26, 2021 7:32am
Quoting PaulMF
You talk like an FTMO seller. I follow that nonsense nikosk0 strategy since the first day and I can't contribute there because he blocked me just because I had to explain here (in this thread) how to make simple arithmetics. He does not understand (you too) how FIFO works, what is hedging, position sizing, etc. I have developed and analyze many trading systems, and from my modest opinion the best way to (by chance) get 10% in a month it is by a system that relies on a martin-gale like logic. Anyway, that's not something that would have too much...
Lmao you see why no one really bothers with you? absolute waste of time. You're not interested in constructive discussions.
By the way, Where did i ever say anything about FIFO, it's irrelevant to me.
You don't know how to trade and you probably never will Paul. I advise you look for some EA to buy.
  • #6,536
  • Mar 26, 2021 7:37am Mar 26, 2021 7:37am
Quoting Koop
{quote} Lmao you see why no one really bothers with you? absolute waste of time. You're not interested in constructive discussions. By the way, Where did i ever say anything about FIFO, it's irrelevant to me. You don't know how to trade and you probably never will Paul. I advise you look for some EA to buy.


Finally, you say something funny
Always ready to help
  • #6,537
  • Mar 26, 2021 7:45am Mar 26, 2021 7:45am
Guys, do not repeat my mistakes ... I feel like a complete idiot ..... mood, motivation in trading and indeed everything fell below the floor.
Fulfilled the 1-day profit target .... stayed on top for 4 days and for some reason started trading, besides, and also against the trend.
Good luck with your trading ... I'll try to take a new challenge in a couple of months, I need to take a break from all this shit.
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sorry for my English, using google translator.
  • #6,538
  • Mar 26, 2021 7:46am Mar 26, 2021 7:46am
Quoting LoveScalping
Guys, do not repeat my mistakes ... I feel like a complete idiot ..... mood, motivation in trading and indeed everything fell below the floor. Fulfilled the 1-day profit target .... stayed on top for 4 days and for some reason started trading, besides, and also against the trend. Good luck with your trading ... I'll try to take a new challenge in a couple of months, I need to take a break from all this shit. {image}
Why do you keep trading after you pass the challenge? Open up a small personal account if you really need the action.
  • #6,539
  • Mar 26, 2021 7:50am Mar 26, 2021 7:50am
Quoting pipmaster77
{quote} Why do you keep trading after you pass the challenge? Open up a small personal account if you really need the action.
I have no answer to this question, I myself do not know what came over me. He himself knew very well that he didn't need to do this ..
sorry for my English, using google translator.
  • #6,540
  • Mar 26, 2021 7:55am Mar 26, 2021 7:55am
Quoting LoveScalping
Guys, do not repeat my mistakes ... I feel like a complete idiot ..... mood, motivation in trading and indeed everything fell below the floor. Fulfilled the 1-day profit target .... stayed on top for 4 days and for some reason started trading, besides, and also against the trend. Good luck with your trading ... I'll try to take a new challenge in a couple of months, I need to take a break from all this shit. {image}
haha Damn man, didn't this happen in the challenge too? why do you keep trading lots above 0.01 after you have reached the target? That's sad man.
Take it easy.

Quoting LoveScalping
{quote} I have no answer to this question, I myself do not know what came over me. He himself knew very well that he didn't need to do this ..
Maybe you're trying to see how much more you could make when you actually get the funded account? Not a good idea. Maybe have a free trial by the side next time where you can do whatever you want.
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