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$1,000,000.00 and Beyond ft. FTMO 29 replies
AkaMRP FTMO Journey 45 replies
FTMO Challenge.... How to beat....? 28 replies
FTMO Challenge; Could Survived? 41 replies
FTMO Challenge & Max Drawdown Issue 5 replies
DislikedI've also continued to run into spurious max daily loss violations. My understanding was the root cause was identified and permanently resolved mitigated (okay, I re-read this and feel a little better) but I've run into it several times since, most recently on my last challenge and then again today on my verification (7029362; ticket RJH-KNGTQ-931). FTMO does extend the time once resolved, which is very appreciated, but this is also nerve-racking and takes a lot of time on the trader's end.Ignored
Disliked{quote} Just to give an update, FTMO got back to me relatively quickly, confirmed there was no violation, and gave me some extra time. Very happy with that, thanks. I think they even had it ready for me by the next trading day. But then unfortunately it happened again today, this time saying my max daily floating loss was $1642 higher than it ever was, so I'm locked out again. I documented it (XHK-SCLQQ-447) and I'm sure they will take care of it. It's still super stressful, although less so now that I know the drill and had a good idea when it...Ignored
Dislikedguys, yes, I agree with you that the metric has not been working as it should lately, BUT you know mathematics is it difficult for you to subtract one number from another? you start your trading day, you should already have an acceptable risk in mind so as not to update the metric every minute (despite the fact that its update time is every 10 minutes).Ignored
Disliked{quote} The problem is that (on the surface at least) the metrix is what initially determines if you've passed or failed whether or not you do your own personal calculations, so I understand the concern. I can't imagine being right by my own calculations only to get different and sometimes disqualifying results from the metrix, then having to get in a tug of war with support over proofs and investigation. They just need to fix the metrix issues permanently and get that out of the way. I also wonder if this might be a separate server issue peculiar...Ignored
Disliked{quote} Well said Koop. Some people get it. ''Do your own calculations or manage your risk'' is irrelevant as people can do both. This industry is ARITHMETICS based so numbers need to be correct. My questions are : Is FTMO willing to fix these issues ? If not sth dodgy is happening. 2)How did Vega and other people prove the opposite ? 3)Settings for Bandicam as to not occupy 30GB per trading day or other solutions. Imagine a shop owner sometimes gives change wrong either on purpose or by omission. When caught at a short period , things are settled....Ignored
Dislikedguys, yes, I agree with you that the metric has not been working as it should lately, BUT you know mathematics is it difficult for you to subtract one number from another? you start your trading day, you should already have an acceptable risk in mind so as not to update the metric every minute (despite the fact that its update time is every 10 minutes).Ignored
Disliked{quote} Well said Koop. Some people get it. ''Do your own calculations or manage your risk'' is irrelevant as people can do both. This industry is ARITHMETICS based so numbers need to be correct. My questions are : Is FTMO willing to fix these issues ? If not sth dodgy is happening. 2)How did Vega and other people prove the opposite ? 3)Settings for Bandicam as to not occupy 30GB per trading day or other solutions. Imagine a shop owner sometimes gives change wrong either on purpose or by omission. When caught at a short period , things are settled....Ignored
Disliked{quote} Bandicam is some sort of screen recording software right? I'm not sure that would be best for this sort of thing as it would be too large a file and you would probably need hours to search and isolate the problem or time it happened. Wouldn't it be best to find the trade on your trade history that the metrix claims was responsible for the loss or violation, then calculate the pip value on the trade and multiply it by how far price moved while the trade was still on, to get the max equity drawdown on that trade before it either reversed for a profit or closed out at a loss? If it's just a closed profit or loss that hasn't reflected on the metrix yet, I guess one could just give it some time to update while you have your own records in the event of any need for reconciliation. All these shouldn't even be an issue though, trading on its own is stressful enough.Ignored
Disliked{quote} Bandicam is some sort of screen recording software right? I'm not sure that would be best for this sort of thing as it would be too large a file and you would probably need hours to search and isolate the problem or time it happened. Wouldn't it be best to find the trade on your trade history that the metrix claims was responsible for the loss or violation, then calculate the pip value on the trade and multiply it by how far price moved while the trade was still on, to get the max equity drawdown on that trade before it either reversed for...Ignored
Disliked{quote} or FTMO can actually fix their metrix and make it real time, why topstep can have real time metrix that shows u live as ur trade goes on how much u have left to lose before u violate the daily loss, and they also stop you out automatically if it goes above it, its not rocket science to implement thatIgnored
Dislikedwhy topstep can have real time metrix that shows u live as ur trade goes on how much u have left to lose before u violate the daily loss, and they also stop you out automatically if it goes above it, its not rocket science to implement thatIgnored
DislikedI wonder what it would take to make it update in real time. I don't know if it's possible but 4 years is too long to still be having these sort of metrix issues.Ignored
Disliked{quote} Exactly. (And that's without mentioning that FTMO require 10% profit in a month and Topstep require 6% without any time-limit at all, and that FTMO costs twice as much to try, and so on.) {quote} This is a big part of the problem with FTMO. They're clearly honest people with integrity, and there's a lot to like about them. But their unending technical issues are a disaster. It's all very well saying (as their fan-club regularly does) things like "You need to keep your own records, and not rely on FTMO's metrix to make your trading decisions",...Ignored
Disliked{quote} All I can say is just wow..... 500K in buying power with 100:1 leverage, that is some clever marketing. It's a 5K account!!!!!! For $275/month. Yeah, way better dealIgnored
Disliked{quote} i doubt anyone trades forex with topstep, most go for the futuresIgnored
Disliked{quote} Exactly. (And that's without mentioning that FTMO require 10% profit in a month and Topstep require 6% without any time-limit at all, and that FTMO costs twice as much to try, and so on.) {quote} This is a big part of the problem with FTMO. They're clearly honest people with integrity, and there's a lot to like about them. But their unending technical issues are a disaster. It's all very well saying (as their fan-club regularly does) things like "You need to keep your own records, and not rely on FTMO's metrix to make your trading decisions",...Ignored
Disliked{quote} Lol we'll never agree on Topstep being the better option. Neither Topsteptrader or Topstepfx fall amongst the top 7 remote firms IMO. Not even top 10. FTMO is easily top 2. But you're spot on about the last part regarding FTMO technicalities.Ignored
DislikedI would say top 2 are FTMO and Enfoid, but MFF will move into the discussion once I see some big payouts.Ignored