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FTMO - For serious traders

  • #6,881
  • Apr 12, 2021 7:21am Apr 12, 2021 7:21am
Quoting PaulMF
{quote} That's too much. But my question was: Do you make 5% every month? With a $10,000 or $100,000 deposit?
dude why dont you go work for jp morgan if you dont think you can do 5% in a month, ull manage 300 million and ull make 20% in a year, this guy man its ridiculous
  • #6,882
  • Apr 12, 2021 7:21am Apr 12, 2021 7:21am
Quoting PaulMF
{quote} That's too much. But my question was: Do you make 5% every month? With a $10,000 or $100,000 deposit?
Let's talk about this in a month and a half, and you will see that the profit will clearly be more than 10% per month.

If you are unable to show profitability of 5-10% per month, it does not mean that it is impossible or only units do it, I came to this after more than 5 years of different trading styles and settled on scalping.
sorry for my English, using google translator.
  • #6,883
  • Apr 12, 2021 7:26am Apr 12, 2021 7:26am
Quoting LoveScalping
{quote} Let's talk about this in a month and a half, and you will see that the profit will clearly be more than 10% per month. If you are unable to show profitability of 5-10% per month, it does not mean that it is impossible or only units do it, I came to this after more than 5 years of different trading styles and settled on scalping.
Hey man, seen the mail? You got your wish granted (or was it you who asked? Can't remember).

No more 10 minimum trading days.
  • #6,884
  • Apr 12, 2021 7:29am Apr 12, 2021 7:29am
Quoting Koop
{quote} Hey man, seen the mail? You got your wish granted (or was it you who asked? Can't remember). No more 10 minimum trading days.
Yes, I asked for it) only it is not yet clear whether this applies to the stages of challenge and verification.
The message says * We are announcing cancellation * so it hasn't been canceled at the moment.
sorry for my English, using google translator.
  • #6,885
  • Apr 12, 2021 7:34am Apr 12, 2021 7:34am
Quoting LoveScalping
{quote} Yes, I asked for it) only it is not yet clear whether this applies to the stages of challenge and verification. The message says * We are announcing cancellation * so it hasn't been canceled at the moment.
Oh yeah, now that I read it again without the initial excitement it appears it applies to funded accounts alone, not challenges.

Damn.


Petition for removal of minimum trading days in challenges. If a trader hits 10% in 3 days and decided to trade 0.01 lots for the remaining days then it invalidates the purported idea of monitoring "consistency".
It's useless. But I'm not really mad at it, probably there regulate traffic.

Imagine them having to dole out new accounts each day for the multiple aggressive crazy scalpers that can hit 10% in a day.
  • #6,886
  • Apr 12, 2021 7:38am Apr 12, 2021 7:38am
Quoting PaulMF
{quote} If that wasn't in a moment of huge volatility, that's too much. That's not the raw institutional spreads they offer. They used to have some texts in the site where they explained they work with LMAX. Now, those texts have disappeared. I don't know why. A new conjecture: LMAX doesn't want to be related with this type of business?
when was that removed ?
  • #6,887
  • Apr 12, 2021 7:41am Apr 12, 2021 7:41am
Quoting LoveScalping
{quote} Let's talk about this in a month and a half, and you will see that the profit will clearly be more than 10% per month. If you are unable to show profitability of 5-10% per month, it does not mean that it is impossible or only units do it, I came to this after more than 5 years of different trading styles and settled on scalping.
I never thought that it was that easy.

If you trade at that level of profitability, after 10 years you will have make:

- If you start with $100,000: $47,195,483
- If your start with $10,000: $4,719,548

But if you go with the scaling plan of FTMO:
- When you reach $400,000, 10 years later: $188,781,933

Be aware that maybe FTMO can't handle the corresponding amount of your payouts. Notice that there are already many traders on-board that may managing that amount. Too many years in the industry. You know.

Keep us posted!
Always ready to help
  • #6,888
  • Apr 12, 2021 7:42am Apr 12, 2021 7:42am
Quoting Koop
{quote} Hey man, seen the mail? You got your wish granted (or was it you who asked? Can't remember). No more 10 minimum trading days.
I contacted the support chat on this issue, and confirmed my theory that at least 10 days were canceled only on an already paid account (not for challenges and verification)

Oleksandr Nepman (17:31:59): Hello! My Name is Oleksandr.
How can I help you?
Yuriy (17:32:53): Hello, please tell me - will the cancellation of the minimum of 10 trading days affect the stages of the challenge and verification?
Oleksandr Nepman (17:33:53): FTMO Traders (only). This objective remains in place for those in the FTMO Challenge & Verification.
Yuriy (17:35:29): i.e. the minimum of 10 days is canceled only for those who have passed this stage and are a member of the FTMO team on a paid account?
Oleksandr Nepman (17:37:59): Yes

Quoting PaulMF
{quote} I never thought that it was that easy. If you trade at that level of profitability, after 10 years you will have make: - If you start with $100,000: $47,195,483 - If your start with $10,000: $4,719,548 But if you go with the scaling plan of FTMO: - When you reach $400,000, 10 years later: $188,781,933 Be aware that maybe FTMO can't handle the corresponding amount of your payouts. Notice that there are already many traders on-board that may managing that amount. Too many years in the industry. You know. Keep us posted!
I will publish both my successes and failures.
sorry for my English, using google translator.
  • #6,889
  • Apr 12, 2021 7:46am Apr 12, 2021 7:46am
Quoting Saxio
{quote} when was that removed ?
The question is "where was that stated on the site?" before "when was that removed?"
I only know from this thread that LMAX is their Liquidity provider.

Until last week or the week before, Paula believed and rumoured that the least account size offered at FTMO was $40,000 ... Instead of $10,000.

Go to the website and stop getting your information from someone whose only intention is to smear and defame.
  • #6,890
  • Apr 12, 2021 7:57am Apr 12, 2021 7:57am
Quoting forecks
{quote} Just viewed the latest video from Lamboraul, he has reached 100k profit so far this month on his ftmo account.
If you notice one thing from him is that a majority of his trading is from one instrument, which is XAUUSD.

A lot of successful traders do that. Focus on one pair only and do it well.
Trade with confidence, trade without fear.
  • #6,891
  • Apr 12, 2021 7:58am Apr 12, 2021 7:58am
removed cos i was wrong.
  • #6,892
  • Apr 12, 2021 7:59am Apr 12, 2021 7:59am
Quoting Saxio
{quote} when was that removed ?
I don't know when exactly. But I know that it was removed.

In their site appeared something like this:
LMAX is our liquidity and data-feed providers...


Quoting Koop
{quote} The question is "where was that stated on the site?" before "when was that removed?" I only know from this thread that LMAX is their Liquidity provider. Until last week or the week before, Paula believed and rumoured that the least account size offered at FTMO was $40,000 ... Instead of $10,000. Go to the website and stop getting your information from someone whose only intention is to smear and defame.
Yes, if I said the minimum was $40,000, I made a mistake, I know it is $10,000.

The LMAX thing removed from their website is my information. It's not someone else information. I got that from the website.
Always ready to help
  • #6,893
  • Apr 12, 2021 8:02am Apr 12, 2021 8:02am
Quoting Takisd
So..... FTMO expect us to believe that they are executing our live trades when they are willing to give 200k to a guy who made a single trade twice and passed the challenge in 2 days. Got it... This doesn't actually look good for them if you have half a brain.
Read carefully their website!

Having to me the one defending this FTMO fraud...

That's not true, only if you are a trader the 10-days thing is removed. When you go live! Probably, never!
Always ready to help
  • #6,894
  • Apr 12, 2021 8:04am Apr 12, 2021 8:04am
Quoting Rayder4Life
{quote} dude why dont you go work for jp morgan if you dont think you can do 5% in a month, ull manage 300 million and ull make 20% in a year, this guy man its ridiculous
Not sure what you mean.

I don't think that JP Morgan would like to have on-board a looser like me.

Very kind!
Always ready to help
  • #6,895
  • Apr 12, 2021 8:05am Apr 12, 2021 8:05am
Quoting PaulMF
{quote} Read carefully their website! Having to me the one defending this FTMO fraud... That's not true, only if you are a trader the 10-days thing is removed. When you go live! Probably, never!
For once you are right. I was already live with them though so eat a dick.
  • #6,896
  • Apr 12, 2021 8:06am Apr 12, 2021 8:06am
Quoting Takisd
{quote} For once you are right. I was already live with them though so eat a dick.
Believe me: almost any time I post here, I'm right.

Always ready to help
  • #6,897
  • Apr 12, 2021 8:10am Apr 12, 2021 8:10am
@paulMF why are you wasting your precious time here for the scam prop firm when you could be earning thousands if not millions of € instead?
Anything above the line is an uptrend, below the line is a downtrend.
  • #6,898
  • Apr 12, 2021 8:16am Apr 12, 2021 8:16am
Quoting Degolep
@paulMF why are you wasting your precious time here for the scam prop firm when you could be earning thousands if not millions of € instead?
Read above. I'm a looser. Not really good at profiting. I don't know why do you think I can make such a quantity of money. I guess it is because you find me as the smarter one here.

Give me time. I have created many systems, analyzed them, etc. Still researching and working hard. Hope one day I can average 20-30% a year.
Always ready to help
  • #6,899
  • Apr 12, 2021 8:26am Apr 12, 2021 8:26am
Quoting Saxio
{quote} when was that removed ?
You may guess why those texts were removed. My conjecture is that LMAX didn't want to be related with this FTMO's business. It makes sense.
Always ready to help
  • #6,900
  • Apr 12, 2021 8:47am Apr 12, 2021 8:47am
Quoting PaulMF
{quote} Give me time. I have created many systems, analyzed them, etc. Still researching and working hard. Hope one day I can average 20-30% a year.
Good man, I wish you luck.
BTW, maybe you should suspend "creating systems" and give manual trading a shot for a little while. Get an understanding of the basic workings of repeated price patterns and movements.
I believe the knowledge alone could give your systems some edge.

My problem with Automated trading is the inability to optimally filter signals. Every signal that meets the hard wired parameters set by the coder is taken regardless of market conditions, news events, market phase, etc.
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