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FTMO - For serious traders

  • #7,401
  • Apr 21, 2021 7:09am Apr 21, 2021 7:09am
Quoting Koop
{quote} Lol always looking for negatives in the positive. You guess he has lost all the funded accounts even though he didn't say that. Does it matter if he trades manually or uses an EA? Haha I could post about someone who trades manually for 1 year with consistent gains and you guys would find a way to complain about one thing or the other. Enough about what other Traders can or can not do... The question I ask MYSELF is can I (only I) manage my risk by never coming close to max DD limits while still making moderate gains? I think I can, so I'm...
You are absolutely correct Koop. The 10% that first month is challenging, maybe perhaps why they call it a "challenge". Perhaps (more than likely) it is designed for failure. Once you pass it though, if you can earn 3-4% per month, which is very doable staying within their DD, your split is 2100-2800 per 100K. You can have 400K (before scaling). Find a similar model firm and do the same, your income is 200K plus and you shouldn't even be coming close to the DD
I am not there yet, but working very hard on it. As you know, I failed (in the public eye) a 5%ers eval. I understood the math, but had to do it "for real" to understand it and is why I am constantly posting if the fee is higher than the DD, stay away. 4%- no way to survive long term and make more than 1% per month, 10%- you can earn 3-4% without hitting DD limits.
  • #7,402
  • Apr 21, 2021 7:12am Apr 21, 2021 7:12am
Quoting PaulMF
{quote} Maybe I'm the one who sold that EA
Hahaha

Quoting pipmaster77
{quote} You are absolutely correct Koop. The 10% that first month is challenging, maybe perhaps why they call it a "challenge". Perhaps (more than likely) it is designed for failure. Once you pass it though, if you can earn 3-4% per month, which is very doable staying within their DD, your split is 2100-2800 per 100K. You can have 400K (before scaling). Find a similar model firm and do the same, your income is 200K plus and you shouldn't even be coming close to the DD I am not there yet, but working very hard on it. As you know, I failed (in the...
Exactly! It's very doable long term with the right mindset and risk management. I don't know why they make it seem so impossible.
  • #7,403
  • Apr 21, 2021 8:16am Apr 21, 2021 8:16am
Quoting Koop
{quote} Hahaha {quote} Exactly! It's very doable long term with the right mindset and risk management. I don't know why they make it seem so impossible.
4% monthly is literally 20 pips per day using only 1:1 leverage.
  • #7,404
  • Apr 21, 2021 9:03am Apr 21, 2021 9:03am
Some guys here are using some percentage values and relating them to months in order to bring that to my attention?

Are you demanding my intervention?

Always ready to help
  • #7,405
  • Apr 21, 2021 9:06am Apr 21, 2021 9:06am
Quoting pipmaster77
Perhaps (more than likely) it is designed for failure.
Do you mean it? Really?

As the days pass you are closer and closer to what I think...
Always ready to help
  • #7,406
  • Apr 21, 2021 9:35am Apr 21, 2021 9:35am
Quoting pipmaster77
{quote} 4% monthly is literally 20 pips per day using only 1:1 leverage.
You FTMO relative, those numbers are impossible, even the professionals can't achieve it in a year.
  • #7,407
  • Apr 21, 2021 9:39am Apr 21, 2021 9:39am
Better...

I think my time in this thread is coming to an end. No one in the dark side right now .
Always ready to help
  • #7,408
  • Apr 21, 2021 10:00am Apr 21, 2021 10:00am
Quoting PaulMF
Some guys here are using some percentage values and relating them to months in order to bring that to my attention? Are you demanding my intervention?
I made 1% on my account TODAY. Just closed down the platform to avoid giving any back. That's called discipline.
  • #7,409
  • Apr 21, 2021 10:07am Apr 21, 2021 10:07am
Quoting PaulMF
{quote} Do you mean it? Really? As the days pass you are closer and closer to what I think...
and what would that be? I don't find it a secret that most people fail the challenge, FTMO admits that. Here's what you don't understand....I don't care what there business model is, I am using FTMO and others for MY needs. They are part of MY business plan. I am playing with house money. If they disappear tomorrow, I have other accounts I trade and I will replace FTMO with someone else. You really make this out to be more than it is.
  • #7,410
  • Apr 21, 2021 10:24am Apr 21, 2021 10:24am
What happen if we have reached all goals.... should we stay off during first challenge which is 30 days ? or we can jump to second challenge?
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I am completely a lazy Trader & Pennies Rebate Hunter
  • #7,411
  • Apr 21, 2021 10:33am Apr 21, 2021 10:33am
Quoting anthon25
What happen if we have reached all goals.... should we stay off during first challenge which is 30 days ? or we can jump to second challenge? {image} {image}
Not sure I understand your question...but if you are asking if you should stop trading once all objectives in the challenge have been met....Yes, absolutely. Not sure about the 5 days qualifying as passed though, as that is 10 days. Is this a challenge or a free trial?
  • #7,412
  • Apr 21, 2021 10:48am Apr 21, 2021 10:48am
Quoting pipmaster77
{quote} and what would that be? I don't find it a secret that most people fail the challenge, FTMO admits that. Here's what you don't understand....I don't care what there business model is, I am using FTMO and others for MY needs. They are part of MY business plan. I am playing with house money. If they disappear tomorrow, I have other accounts I trade and I will replace FTMO with someone else. You really make this out to be more than it is.
So basically, you are trying to say that it is designed for failure but you are designed to pass it. Or something like you are capable of passing it, even if FTMO has designed it not to be passed.

They will have to stick with you even if they want to. I got it. You are punishing them! Well done!
Always ready to help
  • #7,413
  • Apr 21, 2021 10:50am Apr 21, 2021 10:50am
Hi traders. This is directed at long-term traders particularly those already trading with FTMO. Or who could.

I have passed 2 FTMO free challenges. The first was the 'standard' version in 4 days. The second was the 'aggressive' version in 7 days.

I ran the second one up to $6600 profit but I have two days left (I don't trade crypto). My goal in taking the aggressive version is that
I aim to take the 100k challenge so I wanted to trade within those parameters.

I wonder if I need to keep going til I hit 10k? Or try to.

I passed the challenges despite not trading my best. Not even close. Probably traded at a 'C' or B- level if I graded myself. I made
mistakes including overtrading (Oh my! A 100k account!) and I did NOT hold to my TP target. I chalk up those mistakes to plain
old-fashioned FEAR...uncomfortable with a larger lot size of 5 lots (risking .5%) or 10 lots (risking 1%).

I began the 2nd challenge with 2 losers that put me in the hole. Larger than anticipated due to more FEAR. Broke rules. I put on my
life jacket, found my dig-out shovel, and went to work.

I know what I did right. I know what (still) needs improvement/work. I got more comfortable each day.

I proved to myself that I can pass the challenge despite not trading at my best.

But does the free trial translate to the paid challenge?

Thank you for your reply in advance.
  • #7,414
  • Apr 21, 2021 11:02am Apr 21, 2021 11:02am
Quoting PaulMF
{quote} So basically, you are trying to say that it is designed for failure but you are designed to pass it. Or something like you are capable of passing it, even if FTMO has designed it not to be passed. They will have to stick with you even if they want to. I got it. You are punishing them! Well done!
It has a 93% failure rate. Pretty much in line with most live accounts. Yes, correct I am using them to achieve MY goals, wouldn't call it "punishing" them.
  • #7,415
  • Apr 21, 2021 11:10am Apr 21, 2021 11:10am
Quoting Expo33
Started a new 100K challenge today. To make it interesting and to add as much pressure as possible I'm guaranteeing that I will secure another 100K account in 20 calendar days. That's right ladies and gentlemen. Challenge AND verification in 20 calendar days. Like Babe Ruth pointing to left field. I point, it happens. How will I accomplish the "impossible" feat? Easy. I will use a combination of revenge trading, over trading, and some good old fashion blue-collar button clicking. I dedicate this incredible feat in advance to my belove mental case,...
Guys,

This is serious. Not in the way FTMO approaches the word serious. Really serious now, ok?

I'm really worried about Expo33.

After he posted this on Friday, he hasn't posted any more.

It seems like he has lost their two "funded accounts" (term FTMO regrets to have been used by them but they lie), one of them at FTMO and the other at one "competitor" (ridiculous, but yes, FTMO refers to other prop-firms, traders in the end, as competitors). He has also probably lost the FTMO challenge that he was going to pass in just 20 trading days. That challenge was dedicated to his "beloved mental case" (me).

And all these, just 2 trading days after his dedicated post.


So, as many of you may figure out, I feel resposible for whatever is going on there, in that mind.

If anyone knows anything about this user, I would really appreciate any information about how he is doing these days.

Sometime ago, someone detected my low self-steem and help me with this issue with an appropiate post. I'm going to share this post with you and hope this helps to Expo33 too:

Quoting Expo33
{quote} The answer as to why is here. From Wikipedia: Schadenfreude: is the experience of pleasure, joy, or self-satisfaction that comes from learning of or witnessing the troubles, failures, or humiliation of another. Schadenfreude is a complex emotion where, rather than feeling sympathy, one takes pleasure from watching someone's misfortune. This emotion is displayed more in children than adults. However, adults(Paula) also experience schadenfreude, although generally, they conceal it. Researchers have found that there are three driving forces...
Always ready to help
  • #7,416
  • Apr 21, 2021 11:10am Apr 21, 2021 11:10am
Quoting ForexGalVA
Hi traders. This is directed at long-term traders particularly those already trading with FTMO. Or who could. I have passed 2 FTMO free challenges. The first was the 'standard' version in 4 days. The second was the 'aggressive' version in 7 days. I ran the second one up to $6600 profit but I have two days left (I don't trade crypto). My goal in taking the aggressive version is that I aim to take the 100k challenge so I wanted to trade within those parameters. I wonder if I need to keep going til I hit 10k? Or try to. I passed the challenges despite...
You still need to fine tune your strategy and mindset, keep practicing until you reach profit target with low drawdown, otherwise investing in the challenge wont be worth it because you wont be sure on yourself, or if you really want to, take the challenge only keep the drawdown small no matter what so u can get free retries if you dont make the profit target, otherwise you will just risk too much to make it and blow the limits.
  • #7,417
  • Apr 21, 2021 11:11am Apr 21, 2021 11:11am
Quoting pipmaster77
{quote} It has a 93% failure rate. Pretty much in line with most live accounts. Yes, correct I am using them to achieve MY goals, wouldn't call it "punishing" them.
that 93% is not true, majority of mainstream brokers have 70-80% accounts that lose money, not 93%
  • #7,418
  • Edited 11:49am Apr 21, 2021 11:12am | Edited 11:49am
Good news! He is still really interested on me. Caught in act:

Attached Image (click to enlarge)
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Always ready to help
  • #7,419
  • Apr 21, 2021 11:14am Apr 21, 2021 11:14am
Quoting PaulMF
Good news! He is still really interested in me. Caught in act: {image}
LOL, this is like kindergarden
  • #7,420
  • Apr 21, 2021 11:18am Apr 21, 2021 11:18am
Quoting PaulMF
{quote} Guys, This is serious. Not in the way FTMO approaches the word serious. Really serious now, ok? I'm really worried about Expo33. After he posted this on Friday, he hasn't posted any more. It seems like he has lost their two "funded accounts" (term FTMO regrets to have been used by them but they lie), one of them at FTMO and the other at one "competitor" (ridiculous, but yes, FTMO refers to other prop-firms, traders in the end, as competitors). He has also probably lost the FTMO challenge that he was going to pass in just 20 trading days....
Oh, I'm sure he is doing just fine. I'll send him a PM later to check for you though.
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