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FTMO - For serious traders

  • #6,661
  • Apr 6, 2021 7:26am Apr 6, 2021 7:26am
Quoting allinazi
{quote} i want more funding ... simple
That's fine...but what happened to trading for Fortis? Why was your thread binned? Why did you asked for it to be deleted? I thought you had a good relationship with him? Did you had a quarrel with your friend? Did he cheat your money?
  • #6,662
  • Apr 6, 2021 7:30am Apr 6, 2021 7:30am
Quoting stirmatt
I must say it is really hard to pass this challenge if not impossible without taking higher risk especially when you are trading mainly EURUSD like I do. I am considering trading gold because I do not want to repeat this challenge again.

it is very tough some pointers i used

1. roughly 22 trading days to make 10% so lets say you take 100k challenge 100000/22 = around 0.45% per day
2. Start small build a buffer initially i risked around 0.2% per trade when i banked a good bit of profit then push it and increase the risk

at least as long as u keep all parameters in check you will get a free trial and wont go in to dd..
theres no prizes to finish it in 10 days... take your time and use the days available.. i only had 4 days left before my challenge expired

hopefully some of this may help
  • #6,663
  • Apr 6, 2021 7:30am Apr 6, 2021 7:30am
Quoting kCBHk
{quote} That's fine...but what happened to trading for Fortis? Why was your thread binned? Why did you asked for it to be deleted? I thought you had a good relationship with him? Did you had a quarrel with your friend? Did he cheat your money?
ill send u a private message keep this for ftmo only
  • #6,664
  • Apr 6, 2021 7:36am Apr 6, 2021 7:36am
Quoting ia1979
{quote} Scalping is allowed but supposedly they copy your trades on a live account, and if you use ultra fast scalping techniques, they might not be able to copy you. In which case, they can ask you to take the challenge again for free with a different trading style. That's my understanding anyway. I used a scalping EA on their demo account and generated massive profit within a few days. However, when I tried the same EA on their challenge, it lost more than it won. Not sure why that was, and never got an answer from FTMO. There should not have...
let’s see what Thomas from FTMO says about this
  • #6,665
  • Apr 6, 2021 7:48am Apr 6, 2021 7:48am
Quoting stirmatt
I must say it is really hard to pass this challenge if not impossible without taking higher risk especially when you are trading mainly EURUSD like I do. I am considering trading gold because I do not want to repeat this challenge again.
I think You have to understand the edge and advantage of your strategy in order to make the right adjustments to pass this challenge. You can't decide to start trading bigger lots just like that.
Does your strategy have a high win rate? At what profit target is the win rate the highest? 1R?
You should only take bigger lots if you are sure that your strategy has a win rate above 70% with at least 1R targets, else you will constantly be breaking even instead of progressing ..

Another thing to look at is trying to let your trades run for longer. With this you don't need to overload your risk just to make more money. Test out your strategy using slightly bigger targets ..
Risking only 1% per trade and aiming for 3r guarantees you 3% gain on your winning trades. Even if you win only 1 per day and lose 2 trades, you have made 1% for 1 day.
Repeat that for 20 days and there's no way you won't hit the target before time runs out.

There has to be balance in your risk management.. Cutting your winning trades too short is a bad idea if your win rate is not better than 60%.
  • #6,666
  • Apr 6, 2021 7:59am Apr 6, 2021 7:59am
Quoting stirmatt
I must say it is really hard to pass this challenge if not impossible without taking higher risk especially when you are trading mainly EURUSD like I do. I am considering trading gold because I do not want to repeat this challenge again.
the fear of loosing must go.

And at supports/resistances, quick pips with higher lot size will help.
Intraday only.
  • #6,667
  • Apr 6, 2021 8:14am Apr 6, 2021 8:14am
Quoting Saxio
{quote} let’s see what Thomas from FTMO says about this
I am certainly not Thomas, but I can say that this type of trading is suitable. I also use scalping with high risk per trade.
Fulfilled all goals 10% in challenges and verifications in 1-2 days and then just had to wait up to 10 days. In verification, an ordinary overtrading played a cruel joke on me and failed the test when I just needed to rest.
sorry for my English, using google translator.
  • #6,668
  • Apr 6, 2021 8:24am Apr 6, 2021 8:24am
Quoting LoveScalping
{quote} I am certainly not Thomas, but I can say that this type of trading is suitable. I also use scalping with high risk per trade. Fulfilled all goals 10% in challenges and verifications in 1-2 days and then just had to wait up to 10 days. In verification, an ordinary overtrading played a cruel joke on me and failed the test when I just needed to rest.
Sorry to hear that. Were your trades open for less than a minute on average, or longer than that?
  • #6,669
  • Apr 6, 2021 8:30am Apr 6, 2021 8:30am
Quoting ia1979
{quote} Sorry to hear that. Were your trades open for less than a minute on average, or longer than that?
the duration was from several minutes to several hours (depending on the development of the situation), in most cases 5-15 minutes.
sorry for my English, using google translator.
  • #6,670
  • Apr 6, 2021 8:37am Apr 6, 2021 8:37am
Quote
Hello Tomas , maybe you could tell us how much % of income is coming from fees and how much % from profitable traders , that would give a better picture .. i hope you understand my skeptism ...traderscentralfund is now offering a beta program where you just have to upload your track record of a real or demo account without the need to pay any fees, the other programs you have to pay a fee suppose a trader has been trading successfully for over 6 months with very good risk/reward ratio’s , why would he need to pay you to show his track record...

Quoting Tomas-ftmo
Hello Saxio, I’ve discussed a similar topic last week with Jmoreno. I believe the occasional sharing of our monthly statistics on our social media is quite informative and transparent already. By publishing other background details, we would freely provide even more information to our competition, which is something we need to be especially careful about.
Now regarding evaluating traders by their trading history - with the current amount of our traders, taking time to properly look into the history of each account and carefully choosing whether...


Amazing!
Always ready to help
  • #6,671
  • Apr 6, 2021 8:40am Apr 6, 2021 8:40am
Quoting pipmaster77
{quote} I was going to post the same exact thoughts. You probably have a good 2-3 years before you are ready for anything like this.
Hope anyone's 2-3 years will serve more than yours. You still have issues with basics....
Always ready to help
  • #6,672
  • Apr 6, 2021 8:43am Apr 6, 2021 8:43am
Quoting LoveScalping
{quote} FTMO works directly with liquidity providers, excluding unnecessary laying - brokers
No prrof of that. No account audited!
Always ready to help
  • #6,673
  • Apr 6, 2021 8:44am Apr 6, 2021 8:44am
Quoting navk
{quote} the fear of loosing must go. And at supports/resistances, quick pips with higher lot size will help.
Though I am not good at counter trend trading.
  • #6,674
  • Apr 6, 2021 8:44am Apr 6, 2021 8:44am
Quoting Piparins
{quote} I think it was answered Friday.. Quoting Saxio {quote} Hello Tomas , maybe you could tell us how much % of income is coming from fees and how much % from profitable traders , that would give a better picture .. i hope you understand my skeptism ...traderscentralfund is now offering a beta program where you just have to upload your track record of a real or demo account without the need to pay any fees, the other programs you have to pay a fee suppose a trader has...
That does not answer the question.
Always ready to help
  • #6,675
  • Apr 6, 2021 9:27am Apr 6, 2021 9:27am
Quoting PaulMF
{quote} Hope anyone's 2-3 years will serve more than yours. You still have issues with basics....
Oh, Thank God you are back. Thread was losing it's popularity without you. Are you sure FTMO doesn't pay you to post?
  • #6,676
  • Apr 6, 2021 10:39am Apr 6, 2021 10:39am
Quoting stirmatt
{quote} Though I am not good at counter trend trading.
I had to develop completely different strategies for counter-trend, ones that complement my trend and range strategies well. I encourage you to develop one that complements yours.

But without them, I would be breakeven for too long sometimes... They are absolutely necessary for me on the long-term.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #6,677
  • Apr 6, 2021 11:57am Apr 6, 2021 11:57am
Anyone saying that FTMO is more than a white label is a lunatic. Even their symbol names are the same as the broker they use for the white label, if thats any hint.
  • #6,678
  • Apr 7, 2021 4:58am Apr 7, 2021 4:58am
Quoting Saxio
{quote} let’s see what Thomas from FTMO says about this
I have sent support an email to get their take on this.
  • #6,679
  • Apr 7, 2021 5:01am Apr 7, 2021 5:01am
Quoting Tomas-ftmo
Have a great Friday everybody, I hope everyone here had a great week as usual and you’re ready to take a day off during the weekend. It’s Friday and we just went through NFP, so I also hope the announcement moved the market in your favour. Today we’re going through a very short and quick update. Let’s talk about the platforms first: today on the 2nd of April, all cryptocurrencies went through a scheduled and successful maintenance break. Crypto was unavailable from 08:00 till 14:00 platform time. There were no issues or outages whatsoever. Now to...
Hello Thomas ,

let’s take a 100K account with stop out of 10% being 10K at 90K balance

suppose I am up to 120K , my stop out will still be 90K balance or is this a trailing stop out meaning you will stop me out at 10% of 120K so at 108K ?
  • #6,680
  • Apr 7, 2021 5:09am Apr 7, 2021 5:09am
Quoting Saxio
{quote} Hello Thomas , let’s take a 100K account with stop out of 10% being 10K at 90K balance suppose I am up to 120K , my stop out will still be 90K balance or is this a trailing stop out meaning you will stop me out at 10% of 120K so at 108K ?
Daily max loss remains at 5k, no matter how much you increase your balance by (for 100k accounts). And the account balance can go down to 90k. So if you take it up to 120k, technically you can lose 30k as long as you don’t lose more than 5k on any one day
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