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FTMO - For serious traders

  • #6,681
  • Apr 7, 2021 5:56am Apr 7, 2021 5:56am
Quoting ia1979
{quote} 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
Incorrect.
Daily max loss is capped at 5%. At 100k, that's 5k, but if you make $2500 profit in that day (bringing your balance to $102,500), your daily max loss for that day increases to $5000 + $2500 = $7500.

Max total drawdown is -10% of the funded account no matter the profits accumulated. I.e the equity or balance must never reach $90,000.
  • #6,682
  • Apr 7, 2021 6:13am Apr 7, 2021 6:13am
Quoting ia1979
{quote} 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
the daily loss limit is in effect even with floating profits ? well that takes plenty of good positive compounding strats out of the way. Strange.. If the protective stops are far up in profit, one would think the compounded floating profits would not count.


wait... this is 5% ! shouldnt get even close to that. Except for this crazy challenge I guess.

P.S I would just trade as usual for my 1-3% gain and use the free retakes till the right time to safely scale up happens. Some months, its just not worth risking whats needed for 10% profit. Why pay again for a challenge ?

Plan to retake free challenge. Thats my humble advice.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #6,683
  • Apr 7, 2021 6:35am Apr 7, 2021 6:35am
Quoting ia1979
{quote} 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
Ok,thanks !
  • #6,684
  • Apr 7, 2021 7:12am Apr 7, 2021 7:12am
Quoting Koop
{quote} Incorrect. Daily max loss is capped at 5%. At 100k, that's 5k, but if you make $2500 profit in that day (bringing your balance to $102,500), your daily max loss for that day increases to $5000 + $2500 = $7500. Max total drawdown is -10% of the funded account no matter the profits accumulated. I.e the equity or balance must never reach $90,000.
Yes you are correct. I should have said 5k is the max daily loss from your starting balance that day.
  • #6,685
  • Apr 7, 2021 7:24am Apr 7, 2021 7:24am
Quoting Koop
{quote} Incorrect. Daily max loss is capped at 5%. At 100k, that's 5k, but if you make $2500 profit in that day (bringing your balance to $102,500), your daily max loss for that day increases to $5000 + $2500 = $7500. Max total drawdown is -10% of the funded account no matter the profits accumulated. I.e the equity or balance must never reach $90,000.
are you sure there is not some kind of trailing max drawdown , some firms do this
  • #6,686
  • Apr 7, 2021 2:51pm Apr 7, 2021 2:51pm
I have heard back from customer support and they have confirmed it is OK to use a scalping EA that opens and closes trades within 30 seconds. Just leaving a message here as I had promised I would.
  • #6,687
  • Apr 8, 2021 8:16am Apr 8, 2021 8:16am
Quoting Koop
{quote} Incorrect. Daily max loss is capped at 5%. At 100k, that's 5k, but if you make $2500 profit in that day (bringing your balance to $102,500), your daily max loss for that day increases to $5000 + $2500 = $7500. Max total drawdown is -10% of the funded account no matter the profits accumulated. I.e the equity or balance must never reach $90,000.
But if i close the day with $102,500, on the next day my daily max loss is $5000 or $7250?
  • #6,688
  • Apr 8, 2021 8:59am Apr 8, 2021 8:59am
Quoting caviarblue
{цитата} But if i close the day with $102,500, on the next day my daily max loss is $5000 or $7250
5000$ day loss and 12500 maximum loss
sorry for my English, using google translator.
  • #6,689
  • Apr 8, 2021 11:27am Apr 8, 2021 11:27am
Guys anyone experienced trades on the ftmo account being open randomly ?
I had like 10 trades open randomly one after another on a pair which I don't even have in my watchlist and when I emailed them they are not taking any responsibilty they are blaming me for that.
  • #6,690
  • Apr 8, 2021 11:37am Apr 8, 2021 11:37am
Quoting sangocou5
Guys anyone experienced trades on the ftmo account being open randomly ? I had like 10 trades open randomly one after another on a pair which I don't even have in my watchlist and when I emailed them they are not taking any responsibilty they are blaming me for that.
Interesting...
  • #6,691
  • Apr 8, 2021 11:53am Apr 8, 2021 11:53am
Quoting sangocou5
Guys anyone experienced trades on the ftmo account being open randomly ? I had like 10 trades open randomly one after another on a pair which I don't even have in my watchlist and when I emailed them they are not taking any responsibilty they are blaming me for that.
are you sure that happened or you had a bad dream ?
  • #6,692
  • Apr 8, 2021 12:33pm Apr 8, 2021 12:33pm
Quoting sangocou5
Guys anyone experienced trades on the ftmo account being open randomly ? I had like 10 trades open randomly one after another on a pair which I don't even have in my watchlist and when I emailed them they are not taking any responsibilty they are blaming me for that.
Were they winning trades? Did you have an EA running, perhaps? very easy to go into the log and see how, when, where, ip address, etc. of who opens and closes a trade. I know brokers don't buy that "my platform just randomly opened up a bunch of losing trades", I don't think FTMO will either.
  • #6,693
  • Apr 8, 2021 3:44pm Apr 8, 2021 3:44pm
Quoting sangocou5
Guys anyone experienced trades on the ftmo account being open randomly ? I had like 10 trades open randomly one after another on a pair which I don't even have in my watchlist and when I emailed them they are not taking any responsibilty they are blaming me for that.
Do you have any log files or trade history to show us or something? So far, never heard of this happening.
  • #6,694
  • Apr 8, 2021 4:43pm Apr 8, 2021 4:43pm
Quoting LoveScalping
{quote} 5000$ day loss and 12500 maximum loss
On my opinion, they urgently need to change this.
It's not logical to keep a fixed max loss if your account is growing exponentially.
  • #6,695
  • Apr 9, 2021 12:26am Apr 9, 2021 12:26am
Quoting caviarblue
{quote} On my opinion, they urgently need to change this. It's not logical to keep a fixed max loss if your account is growing exponentially.
It is very logical that the trader does not lose ALL profit in 1 day.
sorry for my English, using google translator.
  • #6,696
  • Apr 9, 2021 3:35am Apr 9, 2021 3:35am
Quoting LoveScalping
{quote} It is very logical that the trader does not lose ALL profit in 1 day.
You don't get the point of caviarblue.

What caviarblue says makes sense. Proportionaly increasing the daily loss.

Anyway, what would you expect from FTMO... These FTMO boys are just interested in the participation fees. Trading is not their business.
Always ready to help
  • #6,697
  • Apr 9, 2021 3:41am Apr 9, 2021 3:41am
Quoting PaulMF
{quote} You don't get the point of caviarblue. What caviarblue says makes sense. Proportionaly increasing the daily loss. Anyway, what would you expect from FTMO... These FTMO boys are just interested in the participation fees. Trading is not their business.
Hello troll, are you still here? good job. still more posting then more add to ignore you.
sorry for my English, using google translator.
  • #6,698
  • Apr 9, 2021 3:46am Apr 9, 2021 3:46am
Quoting LoveScalping
{quote} Hello troll, are you still here? good job. still more posting then more add to ignore you.
What's wrong with my post?
Always ready to help
  • #6,699
  • Apr 9, 2021 5:30am Apr 9, 2021 5:30am
Quoting PaulMF
{quote} What's wrong with my post?

"These FTMO boys are just interested in the participation fees"

no offense, but you keep assuming the worst without any proof. Totally normal for some to get sick of that attitude... especially when there are ample proof of the contrary of what you are saying.

Also, regarding the 5% DD in a day. Any long-term successful forex trader knows you should never get close to that.

Yet for the challenges 1st level alone, I agree with you, because of the 10% profit necessary..

Unless it happens through floating profit.. when you are compounding heavily and all positions are in profit and main SLs at break-even are from getting hit.

"These FTMO boys are just interested in the participation fees"
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #6,700
  • Apr 9, 2021 5:46am Apr 9, 2021 5:46am
Quoting mtako
{quote} "These FTMO boys are just interested in the participation fees" no offense, but you keep assuming the worst without any proof. Totally normal for some to get sick of that attitude... especially when there are ample proof of the contrary of what you are saying. Also, regarding the 5% DD in a day. Any long-term successful forex trader knows you should never get close to that. Yet for the challenges 1st level alone, I agree with you, because of the 10% profit necessary.. Unless it happens through floating profit.. when you are compounding heavily...
First and focusing on what caviarblue said. You don't get caviarblue point. Read the post carefully.

Quoting mtako
Also, regarding the 5% DD in a day. Any long-term successful forex trader knows you should never get close to that.
caviarblue is just demanding that: a 5% daily drawdown. Not a fixed value calculated from the first trading day. In summary: if balance increases, the 5% calculated based on that new balance instead of the starting balance.


Quoting mtako
"These FTMO boys are just interested in the participation fees"
no offense, but you keep assuming the worst without any proof. Totally normal for some to get sick of that attitude... especially when there are ample proof of the contrary of what you are saying.
Didn't see that proof. And no one showed that they are interested in trading. Objectives, rules, participation fees, talking about competitors when referring to all other business of the like, promoters with their videos, those that demand to pass the challenge when at the same time in audited accounts they loss 5%, etc. All of them are proofs of their type of business: participation fees of those that have the lack of knowledge of what this trading world is about.
Always ready to help
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