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FTMO - For serious traders

  • #7,481
  • Apr 23, 2021 8:42am Apr 23, 2021 8:42am
Quoting Koop
By the way, I just saw something pretty nice relieving but also a little worrying about trading around news violation. https://youtu.be/dPK2mOhm1jE Turns out this guy opened a trade within the restricted timeframe of a news event and violated that rule on his funded account. But it turns out that FTMO were kind enough not to disqualify him or strip him of the account, instead the gains of that particular trade were voided/cancelled and he was still eligible for pay out on other profits for the month. That's great compared to losing the...
I know a few guys who are funded (£200k+) and have accidentally had trades trigger Tp in a news event and forgotten to close trades before the weekend. Case by case basis some have had their profit removed but kept accounts. Those who wanted to keep positions over the weekend have to email before Wednesday.
  • #7,482
  • Apr 23, 2021 8:51am Apr 23, 2021 8:51am
Quoting Sammih
{quote} I do not feel convinced by this argument. If i risk $450 with a prop firm for 40k, i need to make 2% of my account to recover 100% of my investment. In the same vein, a loss of 4% takes out 100% of the investment which is $1,600, almost four times my risk. Making 2% of 40k is surely easier than making 100% of $450. Assumption. We know how to trade.
Trust me, I did it. I've passed 2 FTMO challenges with 10K in DD for $640, but failed miserably in the 5%ers eval. You pay $450 for a "10,000" account, your DD is $400. You have to size your positions to reflect the $400 max loss, in your personal account your max loss would be $450. So let's say your risk of ruin is 20 trades or 5% of your max loss. You need to risk $20 per trade on the prop frim and $22.50 per trade in the personal account. You're not making 2% of 40K, you are required to make 200% of $400.
  • #7,483
  • Apr 23, 2021 9:15am Apr 23, 2021 9:15am
Just wanted to give my experience at FTMO. So far quite satisfied with the entire experience with FTMO. Everything that has been stated in the rules and contract agreement has been followed as expected. The only complaint I have is that I can't hold trades over the weekend. As I prefer to have the option to enter swing trades that may continue for weeks, I am disadvantaged for such cases.

Assuming I can continue to trade consistently, I plan to be with FTMO for the foreseeable future.

I highly recommend FTMO for anyone that can maintain a profitable balance. Its is much easier to make money from a funded account than a small personal account.
  • #7,484
  • Apr 23, 2021 9:46am Apr 23, 2021 9:46am
Quoting Fxheet
Just wanted to give my experience at FTMO. So far quite satisfied with the entire experience with FTMO. Everything that has been stated in the rules and contract agreement has been followed as expected. The only complaint I have is that I can't hold trades over the weekend. As I prefer to have the option to enter swing trades that may continue for weeks, I am disadvantaged for such cases. Assuming I can continue to trade consistently, I plan to be with FTMO for the foreseeable future. I highly recommend FTMO for anyone that can maintain a profitable...
Funded account ? and did ftmo put you to post this text huh ?
  • #7,485
  • Apr 23, 2021 10:14am Apr 23, 2021 10:14am
They don't offer "funded accounts", but they do (according to this thread and their Youtube videos) offer "funding for serious traders". Go figure.
  • #7,486
  • Apr 23, 2021 10:50am Apr 23, 2021 10:50am
Quoting Tomas-ftmo
PaulMF has been the most active user with over 60 posts since the last update. Sadly, many of those posts are plain, biased accusations of us being “liars”, “fraudulent”, etc., or completely false information (such as FTMO removing anyone from the thread) with the obvious purpose of trying to harm our company. There were several relevant questions on the leverage or our LPs and I’ve addressed those in my recent post, however, I do not think many members here are eager to see who is currently viewing your profile or who do you think is on whose side...
Please Tomas-ftmo,

Kindly quote those posts that are plain, biased accusations of you being "liars", "fraudulent", etc., or completely false information(such as FTMO removing anyone from the thread).

And, I'll politely post an statement with my apologies. I always do that. I never had the intention to harm anyone here. So, please just quote them and I will come back to you with the corresponding apologies.

Also, I don't want to be harmed.

Thanks,
Always ready to help
  • #7,487
  • Apr 23, 2021 11:02am Apr 23, 2021 11:02am
Quoting PaulMF
{quote} Please Tomas-ftmo, Kindly quote those posts that are plain, biased accusations of you being "liars", "fraudulent", etc., or completely false information(such as FTMO removing anyone from the thread). And, I'll politely post an statement with my apologies. I always do that. I never had the intention to harm anyone here. So, please just quote them and I will come back to you with the corresponding apologies. Also, I don't want to be harmed. Thanks,
keep up the good work and you will get an eternal ban in this thread, or better on the forum.
sorry for my English, using google translator.
  • #7,488
  • Apr 23, 2021 11:23am Apr 23, 2021 11:23am
Just paid for the 100k challenge. I will start on Tuesday as long as I'm set up by Monday afternoon.

Does anyone recommend a small news indi to put ON my chart? I know that FTMO has the news events listed on their website.
Forgetting the news is not usually a problem. I just don't want to screw up.

Thanks.
  • #7,489
  • Apr 23, 2021 11:28am Apr 23, 2021 11:28am
Quoting ForexGalVA
Just paid for the 100k challenge. I will start on Tuesday as long as I'm set up by Monday afternoon. Does anyone recommend a small news indi to put ON my chart? I know that FTMO has the news events listed on their website. Forgetting the news is not usually a problem. I just don't want to screw up. Thanks.
just check once a day the prohibited events in the FTMO calendar. Because red news in the FF calendar may be permitted by FTMO
PS. In Challenges and Verifications, it is allowed to trade on news and carry positions over the weekend, unlike accounts that have passed two test phases.
sorry for my English, using google translator.
  • #7,490
  • Apr 23, 2021 12:05pm Apr 23, 2021 12:05pm
Quoting ForexGalVA
Just paid for the 100k challenge. I will start on Tuesday as long as I'm set up by Monday afternoon. Does anyone recommend a small news indi to put ON my chart? I know that FTMO has the news events listed on their website. Forgetting the news is not usually a problem. I just don't want to screw up. Thanks.
Attached File(s)
File Type: ex4 NewsCal-v108a.ex4   29 KB | 264 downloads
Attached File(s)
File Type: tpl News.tpl   39 KB | 254 downloads

Until Sunday night / Monday morning you will not read anything.
There is no news now.

PS:
This afternoon.

Attached Image
I've seen things you people wouldn't believe
  • #7,491
  • Apr 23, 2021 12:24pm Apr 23, 2021 12:24pm
Quoting ForexGalVA
Just paid for the 100k challenge. I will start on Tuesday as long as I'm set up by Monday afternoon. Does anyone recommend a small news indi to put ON my chart? I know that FTMO has the news events listed on their website. Forgetting the news is not usually a problem. I just don't want to screw up. Thanks.
good luck, maybe make a journal so we can follow your results?
  • #7,492
  • Apr 23, 2021 12:45pm Apr 23, 2021 12:45pm
Quoting ForexGalVA
Just paid for the 100k challenge. I will start on Tuesday as long as I'm set up by Monday afternoon. Does anyone recommend a small news indi to put ON my chart? I know that FTMO has the news events listed on their website. Forgetting the news is not usually a problem. I just don't want to screw up. Thanks.
best idea is to just check news here on forexfactory, as challenge news isnt restricted trading but if u dont wanna get spiked keep trading low volume during that time, and good luck on ur trading!
  • #7,493
  • Apr 23, 2021 12:51pm Apr 23, 2021 12:51pm
Quoting Trader-IT
{quote} {file}{file} Until Sunday night / Monday morning you will not read anything. There is no news now. PS: This afternoon. {image}
As I said above, the news is red in the FF calendar and news indicators, there were no restrictions on the FTMO calendar today.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-04-23_20-48-35.png Size: 127 KB
sorry for my English, using google translator.
  • #7,494
  • Apr 23, 2021 1:29pm Apr 23, 2021 1:29pm
Quoting LoveScalping
{quote} As I said above, the news is red in the FF calendar and news indicators, there were no restrictions on the FTMO calendar today. {image}
I know it.
ForexGalVA asked for an indicator and I gave them a chance.

PS:
The template, is used to find the indication of the correct address to enter (if you do not know).
Otherwise the indicator only provides:
.............-ERROR-
I've seen things you people wouldn't believe
  • #7,495
  • Apr 23, 2021 8:05pm Apr 23, 2021 8:05pm
Thank you for the indi, TraderIT.

I will consider a journal, Takisd.

I've been studying and practicing with FTMO guidelines and same size account for the past month on my own personal demo account, then two free trials at FTMO. I 'passed' all of them and made progress.

Still, I'm sure the real deal will be different. Grateful it is a month-long challenge and not two weeks!
  • #7,496
  • Apr 24, 2021 8:57am Apr 24, 2021 8:57am
Hey guys, I'm planning to start another challenge once I start my live account and was wondering what trade copiers can I use so that I can trade the live acc + 2nd challenge account exactly the same. I'm using cTrader with the ftmo challenge. Let me know how do you do this. Thanks!
  • #7,497
  • Apr 24, 2021 2:19pm Apr 24, 2021 2:19pm
Quoting fluffbox
Hey guys, I'm planning to start another challenge once I start my live account and was wondering what trade copiers can I use so that I can trade the live acc + 2nd challenge account exactly the same. I'm using cTrader with the ftmo challenge. Let me know how do you do this. Thanks!
I don’t know how to copy from Ctrader .. but from MT4 to MT4 or MT5 a free one is suitable https://www.fxblue.com/
sorry for my English, using google translator.
  • #7,498
  • Apr 25, 2021 9:21am Apr 25, 2021 9:21am
did everyone get banned here or whats with the silence ?
  • #7,499
  • Apr 25, 2021 10:11am Apr 25, 2021 10:11am
Quoting Rayder4Life
did everyone get banned here or whats with the silence ?
Are you paid to bump this place? Its the 3rd time now, stop bumping if theres nothing to say.
  • #7,500
  • Apr 25, 2021 10:32am Apr 25, 2021 10:32am
Quoting Takisd
{quote} Are you paid to bump this place? Its the 3rd time now, stop bumping if theres nothing to say.
ok you caught me im a ftmo relative
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