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FTMO - For serious traders

  • #7,741
  • Jun 21, 2021 6:42am Jun 21, 2021 6:42am
Quoting Koop
{quote} Partly correct. You can't open nor CLOSE any trades 2 minutes before and after a major news events. This includes Stop losses and take profit orders. If you decide to hold trades through the 4 minutes period allotted you must ensure that price is far away enough from your stops or Tps to not get triggered by price within that time frame.
Thank you for that explanation. So hypothetically, if my TP was 20 pips from price and i decided to move it to 100 pips away, if price still got there in the 4 minutes do i still get penalized? I understand the sl bit but the TP side seems a bit too much.
  • #7,742
  • Jun 21, 2021 6:44am Jun 21, 2021 6:44am
Quoting TraderOtakar
Hello Traders, my name is Otakar and I am a co-founder of the FTMO.com. Our aim is to find successful traders on Forex and CFD who we provide with our company capital when they meet our conditions. The testing of traders is performed through a demo account which we call the Challenge. Why to trade for us? Receive funding up to 40 000 USD, you keep 70 % of profits, we cover the losses. In this thread we will share articles about trading, news about the company and the most importantly we will answer all your...
I have anothero option to these traders that want to manage an account between 10000 and 30000 usd.The proof last 3 weeks and i can help to pass it.Contact me in my thread for more info.
  • #7,743
  • Jun 21, 2021 7:21am Jun 21, 2021 7:21am
Quoting Inception12
{quote} Thank you for that explanation. So hypothetically, if my TP was 20 pips from price and i decided to move it to 100 pips away, if price still got there in the 4 minutes do i still get penalized? I understand the sl bit but the TP side seems a bit too much.
Lol unfortunately, yes. If the trade is closed within that 4 minute window, it's a violation.
Doesn't make sense to me either if it closes in a profit, but I guess the rule has to cut both ways since the trader doesn't bear any of the losses.

Best to take off the TP completely and put it back immediately the second minute ends.

Btw, it's also best not to risk it.. But I posted a video of a guy who had mistakenly opened a trade within the 4 minutes and the trade closed in profit. He luckily didn't lose his account and was let off with a warning, however, the profit on that trade was invalidated.

P.S best not to risk it, you may not be that lucky.
  • #7,744
  • Jun 21, 2021 7:32am Jun 21, 2021 7:32am
Quoting astrotrader2
{quote} I have anothero option to these traders that want to manage an account between 10000 and 30000 usd.The proof last 3 weeks and i can help to pass it.Contact me in my thread for more info.
Which thread? This one? https://www.forexfactory.com/thread/...-one-year-gone?
Maybe you should put up a link to the actual thread you're talking about so people don't see this one first, Like I did.

It's quite discouraging-
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Free business advice - Delete.
  • #7,745
  • Jun 21, 2021 7:42am Jun 21, 2021 7:42am
Quoting Koop
{quote} Lol unfortunately, yes. If the trade is closed within that 4 minute window, it's a violation. Doesn't make sense to me either if it closes in a profit, but I guess the rule has to cut both ways since the trader doesn't bear any of the losses. Best to take off the TP completely and put it back immediately the second minute ends. Btw, it's also best not to risk it.. But I posted a video of a guy who had mistakenly opened a trade within the 4 minutes and the trade closed in profit. He luckily didn't lose his account and was let off with a warning,...
Yeah, i guess it's best not to risk it. I'll just take off the trades completely whether in profit or loss. You might think your SL or Tp is far away and safe, and the algos shock you by moving the price 50+ pips in a second even on none scary things like flash PMIs.
  • #7,746
  • Jun 21, 2021 8:39am Jun 21, 2021 8:39am
Quoting Koop
{quote} Which thread? This one? https://www.forexfactory.com/thread/...-one-year-gone? Maybe you should put up a link to the actual thread you're talking about so people don't see this one first, Like I did. It's quite discouraging- {image}{image} Free business advice - Delete.
No I think it's this one: https://www.forexfactory.com/thread/...unded-accounts?
looks like he found that scamming others throught the IB route is easier than learning how to trade properly...
  • #7,747
  • Jun 23, 2021 3:24am Jun 23, 2021 3:24am
Quoting Koop
{quote} Which thread? This one? https://www.forexfactory.com/thread/...-one-year-gone? Maybe you should put up a link to the actual thread you're talking about so people don't see this one first, Like I did. It's quite discouraging- {image}{image} Free business advice - Delete.
This happened to me, too. I had an order for NZD that I forgot to delete before the news and it triggered and hit TP. I got a cute little email about what had happened at the end of the month.
  • #7,748
  • Jun 23, 2021 5:20am Jun 23, 2021 5:20am
To Tomas,
For people like myself who are trading live funded accounts, why do we have to get new login details and a new account whenever we do a profit withdrawal? How come we can't use the same account? I am using MyFxBook to track my trades and my metrics because quite frankly the FTMO dashboard doesn't track no where near the level of metrics that MyFxbook does. But every month I have to add a new account which is screwing up my metrics. Please reply.
  • #7,749
  • Jun 23, 2021 4:56pm Jun 23, 2021 4:56pm
To Tomas,
What happened to the big announcement FTMO was suppose to make this month? The month is almost over. I hope the announcement wasn't the new mobile app (which is great by the way!). Please let us know.
  • #7,750
  • Jun 24, 2021 2:22pm Jun 24, 2021 2:22pm
Quoting Mdot
To Tomas, What happened to the big announcement FTMO was suppose to make this month? The month is almost over. I hope the announcement wasn't the new mobile app (which is great by the way!). Please let us know.
Speaking of the FTMO mobile app, downloaded and tried signing up and the good 'ole UNITED STATES OF AMERICA is not a listed country. I felt like I was on a website of one of the great brokers from around the world that I'm not allowed to trade with. Certainly hope this is not a sign of things to come. Next will come the email that US clients are no longer allowed.
  • #7,751
  • Jun 24, 2021 8:22pm Jun 24, 2021 8:22pm
Quoting TimeTells
{quote} Hahaaa, cheers Andy. I have NEVER worked for a Tier bank or any brokerage or trading platform ever, and I am just a senior (now) who trades daily. And I do not trade for my living or livlihood. I have a separate income stream - therefore I do not trade "truly professionally" and I allow myself a certain leeway (ie drawdown tolerance) to 'examine' what happens in these markets. So I base anything I write only on simplistic logic, whatever that means to others. I am interested to read about these Prop firms (especially with ASIC changing the...
this is odd this file can not be downloaded. Could you share again?
  • #7,752
  • Jun 24, 2021 11:00pm Jun 24, 2021 11:00pm
{quote}Hi Mdot, we are well aware of the current situation and there surely are certain plans on enhancing our current services in the near future. Once we decide to publicly incorporate any major changes to our current programme, our traders will be notified. We are preparing a big announcement later on this month. {quote}

@ Tomas, This is good.

The rules that come into my mind immediately are challenge target 10 % and no news trading. I faced this while I did challenge with you.

These two need to be relooked. In addition ofcourse biweekly payment.
Intraday only.
  • #7,753
  • Jun 24, 2021 11:07pm Jun 24, 2021 11:07pm
Quoting navk
{quote}Hi Mdot, we are well aware of the current situation and there surely are certain plans on enhancing our current services in the near future. Once we decide to publicly incorporate any major changes to our current programme, our traders will be notified. We are preparing a big announcement later on this month. {quote} @ Tomas, This is good. The rules that come into my mind immediately are challenge target 10 % and no news trading. I faced this while I did challenge with you. These two need to be relooked. In addition ofcourse biweekly payment....
Maybe a promotion period equal to The5ers' Summer Plan with MFF's pricing cum rules and regulations.

btw they did made one major announcement - The Queen 's Birthday.
  • #7,754
  • Edited Jun 25, 2021 7:03am Jun 24, 2021 11:16pm | Edited Jun 25, 2021 7:03am
Quoting mixedbags
{quote} Maybe a promotion period equal to The5ers' Summer Plan with MFF's pricing cum rules and regulations. btw they did made one major announcement - The Queen 's Birthday.
I stated whatever are the real hurdles for the ones to pass the challenge.

The promotional aspect, yes, indeed, they need to be competetive, so may offer new promotions.
Intraday only.
  • #7,755
  • Jun 25, 2021 5:38am Jun 25, 2021 5:38am
Quoting pipmaster77
{quote} Speaking of the FTMO mobile app, downloaded and tried signing up and the good 'ole UNITED STATES OF AMERICA is not a listed country. I felt like I was on a website of one of the great brokers from around the world that I'm not allowed to trade with. Certainly hope this is not a sign of things to come. Next will come the email that US clients are no longer allowed.
I have a few passports but the problem is that all of them have Boston as my place of birth so my trick is to provide a non-US driver's license as proof of identity and it works 90% of the time. Some brokers only accept passports and even a European passport will not allow them to open an account for me because of my Boston place of birth. FACTA is fucking Americans all over the world.
  • #7,756
  • Jun 25, 2021 6:14am Jun 25, 2021 6:14am
Quoting Hutch
{quote} I have a few passports but the problem is that all of them have Boston as my place of birth so my trick is to provide a non-US driver's license as proof of identity and it works 90% of the time. Some brokers only accept passports and even a European passport will not allow them to open an account for me because of my Boston place of birth. FACTA is fucking Americans all over the world.

https://www.youtube.com/c/nomadcapitalist/videos
Whether you think you can, or you think you can't,you're right. H.F.
  • #7,757
  • Jun 25, 2021 6:34pm Jun 25, 2021 6:34pm
Quoting ntk
{quote}
this is odd this file can not be downloaded. Could you share again?

Hi NTK, sure mate here it is again. Hope the download works for you here.
Attached File(s)
File Type: pdf RiskTop50 Liquidity Providers.pdf   687 KB | 652 downloads
  • #7,758
  • Jun 26, 2021 7:45am Jun 26, 2021 7:45am
Quoting Simply-Me
{quote} https://www.youtube.com/c/nomadcapitalist/videos
I'm already subscribed to this channel but what I need is to change my birth place. I guess I will do that in my next life
  • #7,759
  • Jun 26, 2021 6:08pm Jun 26, 2021 6:08pm
where is he?
  • #7,760
  • Jun 29, 2021 2:17am Jun 29, 2021 2:17am
How do you guys stay away from breaking the "news violation", like if my SL or Tp is hit with the 2 minutes before or after a news event,it will be a violation, even if for any reason I didn't take that to note when opening my trades?
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