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$1,000,000.00 and Beyond ft. FTMO 29 replies

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Attachments: FTMO - For serious traders
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FTMO - For serious traders

Quoting Miksiu
do they scale the max available account (2x200k) according to the scaling plan ?
do they (FTMO) scale UP the max available account (2x200k) according to the scaling plan ?

anyone??
(couldn't find the answer on ftmo site..)
By now, I hope many people can see there's is only one real alternative to becoming a funded trader.

Instead of wasting a few months passing challenges I suggest traders spend their time developing a complete Trading Business Plan and seek finance like I did a couple of years ago.
If you can't created a professional business plan in any business endeavour, you shouldn't be in any business what so ever. If your banker or finance broker laughs at you while he is kicking you out his door -

YOU ARE NOT READY TO TRADE PROFESSIONALLY

Come on guys - get real, its your future so take it seriously.
If you unfortunately cannot raise any funds through your broker, perhaps he is helping you realise the game isn't worth financing for and therefore just a waste of your talents.

Some traders have talent, and if you have that alpha, the business plan will show it in spades. It is sad however that some talent will slip through the cracks because finance is just not a option for them - but FTMO shouldn't be as will.

My guess is this is the last stand for traders - its success with FTMO or I'm gone from trading.
I can name three members here who after many years came to this thread to make their last stand. A couple of well known members of this thread that I have actually traded with live.

Their hopes of trading full time professionally has been destroyed - FTMO finished them off


RIP
Trading thin liquidity at the boundary of the charts
Quoting RickM
By now, I hope many people can see there's is only one real alternative to becoming a funded trader. Instead of wasting a few months passing challenges I suggest traders spend their time developing a complete Trading Business Plan and seek finance like I did a couple of years ago. If you can't created a professional business plan in any business endeavour, you shouldn't be in any business what so ever. If your banker or finance broker laughs at you while he is kicking you out his door - YOU ARE NOT READY TO TRADE PROFESSIONALLY Come on guys - get...
Hey @RickM -- sorry, but I couldn't disagree with you more. The nay-sayers just don't get it. And the fact you know someone who failed the challenge means nothing.

Look it -- prop firm trading is different than trading your personal account. There are rules and restrictions that you've never had to deal with before when trading a personal account. It has to be this way -- it's not your money at risk. It has to be different because prop firms are a business and they can't lose money on mediocre traders. The rules are there to protect them -- though with sufficient room for clients to succeed if they can adapt. If you can adapt your trading to accomodate their rules -- then you get to trade a funded account. If you can't or aren't willing to adapt to their rules -- then, yes, you are toast.

The main difference I had to adapt to is this: my trading strategies (algorithmic and discretionary) ALWAYS emphasized maximizing profit. With FTMO I had to change my strategies and approach to instead minimize DD. If you don't understand the difference, then don't even bother attempting the challenge. For most people who have been trading for awhile the change may be too much -- emphasizing minimal DD versus maximal profit. It's the smallish %DD stop thresholds that are the biggest challenge.

FTMO didn't finish anyone off -- your trader friends finished themselves off. They either were unwilling or unable to adapt to someone else's rules.

One additional note -- I know prop trading has made me a better trader. Even if I had a million dollar personal account, I would now trade it the same way that I trade my FTMO account. That is -- more focus on money management and less focus on profit. If you are the type of trader who spends most of your time looking for the best setups to trade, then that probably doesn't lend itself well to prop trading.

@RickM -- you are one of the best here at FF. Not only do I learn from your posts, but your honesty and passion for trading keeps me trolling in the background...

@RickM -- I wish you much success. You deserve it...

EDIT: @RickM -- rereading your post I see that you repeatly refer to TRADE PROFESSIONALLY or PROFESSIONAL TRADERS. And I don't know what that means. My life does NOT revolve around trading -- it never has. I'm a relative rookie when it comes to trading. I've worked all my life and still do. If I never opened another trade my life would go on and I would have plenty to keep me busy. I trade because I enjoy it -- both the good and the bad. I like the challenge. I don't take prop trading that seriously -- it has opened up another avenue for me, so I'm pursuing that now. I suspect most traders here at FF don't see their life revolving around trading -- or, at least, don't want their life to revolve around trading. It's another endeaver. Maybe more than a hobby, but definitely not something that we dreamed of doing when we were kids. I still dream of becoming a fireman when I grow up...

Quoting RickM
...My guess is this is the last stand for traders - its success with FTMO or I'm gone from trading....
EDIT #2: Prop trading is not intended to be potential salvation for traders on their "last stand".. Prop trading is NOT for mediocre or losing traders, or traders who are no longer passionate about trading. It's a new avenue to explore. If a trader isn't curious to try something new and different, then they should stay away from prop trading. New and different isn't for everyone...
Quoting Miksiu
{quote} do they (FTMO) scale UP the max available account (2x200k) according to the scaling plan ? anyone?? (couldn't find the answer on ftmo site..)
Yes they will scale it.

Provided 10% gain over a 4 month term occurs and the balance at the time of scaling is positive and at least 2 of the 4 months were net positive gainers.

Then its 25% increase to trading capital.

”
Capital increments on the FTMO Account take place in four-month cycles. For a capital increase, the trader has to gain at least 10 added percentage points in four consecutive months (i.e., the average of at least 2.5% gain per month). At the same time, at least 2 of these 4 months need to be profitable. It is important that the trader’s balance needs to be above the initial capital (in profit) during the time of scale-up. If the trader fulfils this, the initial capital of the FTMO Account will be increased by 25%. If the balance is below its initial capital, the scale-up will be postponed until the balance is in profit. Along with that, the basis for the calculation of loss limits will change accordingly and risk parameters will be loosened. After another 4 months, if the trader again satisfies the conditions of appreciation and the ratio of profitable months, he/she will gain the eligibility of further increase of the capital by 25% of the Initial Capital of the FTMO Account. Increments of capital have no ceiling.

”

Masterrmind .......
Master your Mind then Master your Trades
I think I had a clear outlook but I could be wrong.
If you failed....they win the fees. That's very clear.
If you passed . You are given a account ...
With regard to the size of the account . It's copy to another live trade account which is definitely not of the same. However, it does not matter as long it pay what it say. So everyone could be just trading the same large account size....if a trader having 9% dd. I can cut him off because statically he is going to fail.
I just maybe wrong. As long it pay what it say.bits fine
Just caught up reading..

I really do have to commend the patience of Koop, Expo33 & pipmaster77..

Anyone with real value to add to the conversation, whether in terms of knowledge or experience, would think twice about putting anything on here due to the super toxic environment created by naysaying..

At this point we all know what the deal is:

10% in 30 calendar days (or 10 days minimum) +
5% in 60 calendar days (or 10 days minimum) +
5% Daily DD Limit +
10% Total DD Limit =
70% of trading profits afterwards keeping with the same risk rules + no trading a few minutes before or after news

IF YOU'RE SURE YOU CAN DO IT you're free to get an account...



Quoting pipmaster77
1. You pay $640 for a 100K challenge, you need to earn 10% for one month ONLY. If you end in profit (even if only .01), try again for free. Repeat as many times as you need. 2. Once you accomplish that, earn 2.5% for 2 consecutive months. 3. Trade a 100K demo account..
Quoting Koop
{quote} Haha Sniper said "if they were actually interested in serious Traders they would LET ALL TRADERS trade live accounts, then maybe copy the best Traders' trades"..
Quoting Expo33
{quote} Oh, I see so FTMO is modifying the results even though I post my lives trades on my personal thread. That makes sense. FTMO picking a random nobody on FF, and then modifying his results to show how easy it is to pass the challenge so a bunch of failed traders named Paula will be duped into signing up to lose their fees..
Hi all, I've run an expert to test the delay execution of the trades since I was realizing it was very slow. I can clearly see with my eyes that the execution is slow...that's why I decided to make a test. I will attach the expert in case someone wants to run the test and let us know what results you get. In my case it's an average of half of a second. While with other broker I found a very shorten delay. Please make the test and let us know what's your results
Attached Image (click to enlarge)
Click to Enlarge Name: ftmo 2.png Size: 126 KB
Attached File(s)
File Type: ex4 Broker Latency Tester with Market Order v3.ex4   10 KB | 89 downloads
Quoting john156899
Hi all, I've run an expert to test the delay execution of the trades since I was realizing it was very slow. I can clearly see with my eyes that the execution is slow...that's why I decided to make a test. I will attach the expert in case someone wants to run the test and let us know what results you get. In my case it's an average of half of a second. While with other broker I found a very shorten delay. Please make the test and let us know what's your results {image} {file}
Probably. Others have also reported huge spreads.

Now that we know that they don't trade their traders' signals, you may guess why.

There is a clear conflict of interest. Something that don't hapens between a real prop-firm and its traders...
Always ready to help
Quoting Thoughts
IF YOU'RE SURE YOU CAN DO IT you're free to get an account... {quote} {quote} {quote}
That's not true. It's not free. You have to pay.

FTMO recently accepted that fees are part of their revenue.
Always ready to help
Quoting PaulMF
{quote} That's not true. It's not free. You have to pay. FTMO recently accepted that fees are part of their revenue.
Hi Paul you did not reply my pm
Quoting Slingshots1
{quote} Hi Paul you did not reply my pm
Yes, I did. Yesterday.
It seems like my pm didn't reach you. Let me know if you get the message I send you now.
Always ready to help
Quoting PaulMF
{quote} Probably. Others have also reported huge spreads. Now that we know that they don't trade their traders' signals, you may guess why. There is a clear conflict of interest. Something that don't hapens between a real prop-firm and its traders...
2 person have reported unusual spreads at a certain time of the day, one on bitcoin which doesn't have the best spreads on FTMO. Also, since those last 2 complaints, do you have any more to reference?
If you have even traded with any broker for a month in your life you would know that every broker experiences this once In a while. Some more than others, so ..
Kill that noise.

Also, Paula please point us to the part where Tomas said "we don't trade our traders' signals" or even implied it.

You either can't read or you're just a flat out liar my friend.

Your mascot gig is no longer entertaining man.

Quoting PaulMF
{quote} That's not true. It's not free. You have to pay. FTMO recently accepted that fees are part of their revenue.
Oh okay, I see, you can't read.
It's free and you're free aren't the same.
Quoting john156899
Hi all, I've run an expert to test the delay execution of the trades since I was realizing it was very slow. I can clearly see with my eyes that the execution is slow...that's why I decided to make a test. I will attach the expert in case someone wants to run the test and let us know what results you get. In my case it's an average of half of a second. While with other broker I found a very shorten delay. Please make the test and let us know what's your results {image} {file}
for me its pretty fast, i dont have issues with execution, either on the challenge or free trial, where are u located ?
Quoting Takisd
{quote} Tomas, With all due respect, you are using the b-book broker PR statement in regards to your execution and liquidity. "We are STPing users to our deep aggregated magic liquidity providers providing seamless execution and deep liquidity". Having worked for brokers for years and having used the exact same PR based statement, I know its BS. In regards to your liquidity providers, not that it exactly matters, either put up who they are, or don't talk about them in a vague sense. Save yourself the trouble of having return questions on the matter....
Koop, you may read this post.
Always ready to help
Quoting Koop
{quote} 2 person have reported unusual spreads at a certain time of the day, one on bitcoin which doesn't have the best spreads on FTMO. Also, since those last 2 complaints, do you have any more to reference? If you have even traded with any broker for a month in your life you would know that every broker experiences this once In a while. Some more than others, so .. Kill that noise. Also, Paula please point us to the part where Tomas said "we don't trade our traders' signals" or even implied it. You either can't read or you're just a flat out liar...
You are also free to purchase a ferrari.

Remember that whether I can or can't read is not the topic of the thread. So, you win. I can't read, it does not matter.

You may also pay for the challenge and verify the trading conditions yourself.
Always ready to help
Quoting Rayder4Life
{quote} for me its pretty fast, i dont have issues with execution, either on the challenge or free trial, where are u located ?
Hi, in Italy. Honestly speaking I have a fast trading style and for sure that kind of delay would not have any impact on traders with more slow activity. But for example on EurUSd I usually scalp 4,5 pips...so half a second in fast market means I've lost 1,2 pips. So again...the delay has impact only for fast traders as me.
I had a funded account and my fear it's if they may give me more delay after realizing of my trading style..... But I don't know if they do this or not. I can't say anything. I'm just saying that my tests are informing me that I have around half second of delay on average(as showed in the picture). And I would like to know what delay are facing other traders in order to compare the results
Attached File(s)
File Type: ex4 Broker Latency Tester with Market Order v3.ex4   10 KB | 99 downloads
Quoting PaulMF
{quote} Koop, you may read this post.
Why? Is Takisd FTMO? You/we don't know anything Paula so quit lying.

Quoting PaulMF
{quote} You are also free to purchase a ferrari. Remember that whether I can or can't read is not the topic of the thread. So, you win. I can't read, it does not matter. You may also pay for the challenge and verify the trading conditions yourself.
I don't need to, maybe you should read Rayder's last post too. That'll shut you up.
Funny how you're quick to support and quote anything negative, but you totally skip/ignore the positive from even your allies haha.
Quoting Rmg
Even a paid rep of FTMO can't match your determination, Gatekeeping for 24/7. Today's Sunday take a break.. Go get a fucking life.
Evil never rests, why should good?
Glad you could join us this Sunday R!!
Quoting Rmg
{quote} Amazed by Paul 's Persistentce, If only he could convert this energy to finding a trading edge... Just saying.
i am more amazed that Paul can stay polite and not go down the stupid name calling game route like the "good"s have done...
not suru i understand why they calling him Paula, how that relate to FTMO topic, if they trying to imply as a girl he would be inferior, hurling it on him as an insult, or they just too weak minded to purely focus on the content he says, without trolling.
like or not, agree or not what Paul writes, and i dont like or agree with probably half of it, but he doesnt cross bellow a certain level.
so cheers Paul!
there is always, always another trade!!
I cant understand why so much heat is goin on in the thread.
anyways i hope to reach my goal this week... im 2k away... gotta stay composeddd
prayers to all others who in the challenges too
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