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FTMO - For serious traders

  • #8,401
  • Jan 13, 2022 2:25pm Jan 13, 2022 2:25pm
how much ist the leverage ??
  • #8,402
  • Jan 14, 2022 9:24am Jan 14, 2022 9:24am
Quoting ghostbiker
how much ist the leverage ??
1:100
sorry for my English, using google translator.
  • #8,403
  • Jan 14, 2022 11:04am Jan 14, 2022 11:04am
Or if you want a swing trade account so you can trade through news time and hold at weekends its 1:30.
  • #8,404
  • Jan 14, 2022 11:44am Jan 14, 2022 11:44am
OK thank you, forget it !! 1:30 and not hold orders weekend and not trade news ??
  • #8,405
  • Jan 14, 2022 11:57am Jan 14, 2022 11:57am
Quoting ghostbiker
OK thank you, forget it !! 1:30 and not hold orders weekend and not trade news ??
no..if you're NOT going to trade over news and hold weekends its 1:100 and if you want to its 1:30. It really is plenty of leverage as you mustn't go below 5% drawdown of equity in 1 day or 10% of starting equity overall.
  • #8,406
  • Jan 14, 2022 12:18pm Jan 14, 2022 12:18pm
Hello guys,
I hope you're all doing great, here we are with another (today rather short) FTMO ForexFactory Update.

Starting with the platforms as usual: due to scheduled maintenance on all our platforms, on Saturday, 15 January 2022, trading will be halted from 00:05 am to 05:00 pm platform time on MetaTrader (GMT+2 / CET+1 on cTrader). Kindly manage your trades accordingly.

On Monday, 17 January 2022, due to the Martin Luther King Jr. holiday, the following changes to the usual trading hours will apply:

  1. US30.cash, US100.cash, US500.cash, JP225.cash, and USTN10.f will close early at 8:00 pm;
  2. Metals (XAU – Gold, XAG – Silver, XPT – Platinum, and XPD – Palladium) and NATGAS.f will close early at 9:30 pm;
  3. VIX.cash will close early at 6:30 pm;
  4. USOIL.cash will close early at 9:15 pm;
  5. US Shares will be closed all day;

As per our convention, the above times are expressed in MT platform time (GMT+2/CET+1).

There are no significant changes since the last week regarding our company, so instead, I would like to mention that we are now hiring and looking for new members to add to our team. If some of you would be interested in working for the leading Proprietary trading company (or if you're just curious who are we looking for), kindly check here: https://ftmo.com/en/careers/

Alright, moving on to your recent posts:

Quoting MatDerKater
{quote} Friday at 10pm isn't the problem. Mon-Thurs 10pm-11pm IS the problem. A far better solution would be to just halt trading as with the cfd products...and if some wild card event happens in that small time window and the markets gap against you.....then that's a trader's life. ....and you think I made this post without KNOWING spreads with other brokers over this time period, and being able to compare? Yes they widen, by quite a bit....but GBPUSD to around 16 pips? Absolutely not in all my previous trading experience. I seen that Oanda spreads...
Hi MatDerKater, as I have mentioned in my previous posts, an increased gap between the bid and the ask price during the rollover is unfortunately inevitable, even with CFDs - that is why we also close the trading hours for 10 minutes during each rollover as the conditions get temporarily very inconvenient. I’ve been briefly checking the spreads on our majors and in most cases, the spreads get tight again after approx. 10 minutes, which is well within the industry standard.

Quoting shay14
I have questions regarding expert advisor, I've been trying to get a clear answer but I've been struggling. If I use a popular third party EA and pass the challenge, and go on to get funded, will i be able to continue using that same EA on a funded account without problems or restrictions as long as my total account/s is $400k or less ? I have spoken to different customer representatives on the live chat who have been given me mixed information. I do not want to pay for a challenge then be told that the EA cannot be used on a funded account. So...
Hello Shay14, to make a long story short, EAs are allowed, however, you have to be cautious about other FTMO Traders that may be using the same EA as well.
As you obviously know, there is a limit of $400,000 on FTMO Accounts per trader/strategy. If there would be another FTMO Trader already managing $400,000 in FTMO Accounts and using the same exact EA as you (therefore executing the same exact/very similar positions), our limit of $400,000 per strategy would be breached and we would ask you to kindly use a different strategy.
However, it is also important to note that there are thousands of Expert advisors out there, so the chances that there are FTMO Traders already using the same one as you are rather low.

Quoting djxput
Some questions ftmo-Vitek or others with knowledge: I took a challenge 2 years ago and havn't taken one since; now Im working on a new challenge. Wanted to clarify somethings in case I have forgotten or if things have changed. 1. Once you pass the challange $ wise can you fulfill the trading days with minimal trade amount/trades to fulfill that aspect or is that against the terms and conditions? 2. Lets say 2 challenges go well: currently running a 50k challenge, and lets say I start up a 100k challenge and pass both. Can you merge both to a 150k...
Hi Djxput, thank you for your post and let me get straight to answers:

  1. Yes. you can do that. There is no rule on the volume of these trades or for how long would you have to hold them.
  2. Yes, we can. However, please note that we can merge together only FTMO Accounts (not FTMO Challenges or Verifications), both accounts have to be in the same currency, same risk type and both also have to be either new FTMO Accounts with no trades or fresh directly after the Profit Split.
  3. Yes, you can. Just as the FTMO Challenge, the Verification starts with your first open positions, so you may wait for a few weeks or even months before you start trading.
  4. I assume you mean FTMO Account here. There are no “minimum days” you would have to score here, but naturally, if we see that the trading account has been idling for a while, we will reach out to ask what is going on. If you already know that you will not be able to trade for, let’s say several weeks, it is always for the best if you let us know first so we know that everything is fine. Also, if you do not manage to make any profits on your FTMO Accounts even for several months, as long as you stay within the Loss limits, we will not close the account if we see you’re still actively trading.
  5. Speaking of indices, there are no restricted news whatsoever. The restricted news apply only to 7 Forex pairs and Crude Oil (the full list is available at https://ftmo.com/en/faq/can-i-trade-news/).

I hope everything is clear now and if not, please do let us know.

Quoting ghostbiker
how much ist the leverage ??
Hi Ghostbiker, LoveScalping and lynnc gave you the right answers - 1:100 for the normal account type, 1:30 for the Swing account type (which then allows you to hold your positions over the weekend and trade all news even on the FTMO Account).


And there we go, the second update of 2022. Thank you very much for your attention everyone, I'll see you next week with perhaps more interesting news.
Take care!
-Vitek
  • #8,407
  • Jan 15, 2022 1:09am Jan 15, 2022 1:09am
If I chose a Swing account type on FTMO.... can I hold position overnight and weekends? And trade on this account targeting 10 to 20 pips only? Because sometimes... I close position early if the trade is no longer favorable... thanks in advance for anyone who reply to my question.
  • #8,408
  • Jan 15, 2022 8:01am Jan 15, 2022 8:01am
Yes you can hold
  • #8,409
  • Jan 15, 2022 11:09am Jan 15, 2022 11:09am
Quoting Vitek-ftmo
Take care! -Vitek
Thank you much for your detailed answer Vitek, all my questions answered.
  • #8,410
  • Jan 15, 2022 11:51am Jan 15, 2022 11:51am
Quoting Liza J
If I chose a Swing account type on FTMO.... can I hold position overnight and weekends? And trade on this account targeting 10 to 20 pips only? Because sometimes... I close position early if the trade is no longer favorable... thanks in advance for anyone who reply to my question.
If your target is 10-20 pips, then in literally any other pair except the EURUSD, the spread spikes between the NY Close and Asian Open will take your Stop Loss out all the time.....

....but really, there is no need to hold trades with such tight targets overnight and it isn't really advisable to take such trades anytime much after 6pm London time.
  • #8,411
  • Jan 15, 2022 12:18pm Jan 15, 2022 12:18pm
Quoting MatDerKater
{quote} If your target is 10-20 pips, then in literally any other pair except the EURUSD, the spread spikes between the NY Close and Asian Open will take your Stop Loss out all the time..... ....but really, there is no need to hold trades with such tight targets overnight and it isn't really advisable to take such trades anytime much after 6pm London time.
Exactly, only swing trades with much larger targets and stops need to be held overnight. 10-20 pips is day trading.
  • #8,412
  • Jan 16, 2022 4:43pm Jan 16, 2022 4:43pm
I have a question, is slippage on MT5 and MT4 the same? I just received my funded account and noticed some very high slippage values sometimes up to 5 pips, this is crazy I never got that much on other prop firms or even on live account with very high balance.
  • #8,413
  • Jan 17, 2022 9:41am Jan 17, 2022 9:41am
Quoting Premistis
I have a question, is slippage on MT5 and MT4 the same? I just received my funded account and noticed some very high slippage values sometimes up to 5 pips, this is crazy I never got that much on other prop firms or even on live account with very high balance.
Grats on your funded. Not sure how about you give some examples or even if you have a screenshot; I can compare ctrader if you want. (but not funded ... atm
  • #8,414
  • Jan 17, 2022 9:51am Jan 17, 2022 9:51am
Quoting Premistis
I have a question, is slippage on MT5 and MT4 the same? I just received my funded account and noticed some very high slippage values sometimes up to 5 pips, this is crazy I never got that much on other prop firms or even on live account with very high balance.
I also find the FTMO trading conditions (still only in evaluation mode) sub par when compared with other live accounts I have had.....the spread spikes especially 'after hours' are well beyond what I have been accustomed to and have rendered a lot of pairs I used to trade...untradeable.

...no idea what other prop firms are like.....a lot of the reason I went with FTMO is they are the only respectable prop firm that allows CTrader instead of MT4.
  • #8,415
  • Jan 18, 2022 1:58am Jan 18, 2022 1:58am
Hello Guys ,
My name is Brian , i have been working on creating/developing a consistent algorithm for forex trading 3 years with success , currently the EA needs to get an update that will enable it to produce results exceeding the previous version protential and projections, iam looking so somebody serious who would like to be part of this project , i will provide more details via my email: [email protected] , also via email i will answer why i need more partners in this
visual test results from 2011- 2016 (6 years) Trading algorithm 569%. AVERAGE ANNUAL RESULTS BEFORE THE UPDATE
Attached Image (click to enlarge)
Click to Enlarge Name: B3CC945E-D4F1-400D-AE84-14412415D51A.jpeg Size: 59 KB
  • #8,416
  • Jan 18, 2022 2:12am Jan 18, 2022 2:12am
Quoting Profitsensei
Hello Guys , My name is Brian , i have been working on creating/developing a consistent algorithm for forex trading 3 years with success , currently the EA needs to get an update that will enable it to produce results exceeding the previous version protential and projections, iam looking so somebody serious who would like to be part of this project , i will provide more details via my email: [email protected] ("[email protected]") , also via email i will answer why i need more partners in this visual test results from 2011- 2016 (6 years) Trading algorithm 569%. AVERAGE ANNUAL RESULTS BEFORE THE UPDATE{image}
I hope you will be banned on this thread.
sorry for my English, using google translator.
  • #8,417
  • Jan 18, 2022 4:02am Jan 18, 2022 4:02am
Quoting MatDerKater
{quote} I also find the FTMO trading conditions (still only in evaluation mode) sub par when compared with other live accounts I have had.....the spread spikes especially 'after hours' are well beyond what I have been accustomed to and have rendered a lot of pairs I used to trade...untradeable. ...no idea what other prop firms are like.....a lot of the reason I went with FTMO is they are the only respectable prop firm that allows CTrader instead of MT4.
Im mainly trading the us30/us100 still in the challenge but kind of like the spreads but am not that familiar with what other brokers have. Currently trading after hours and the spreads are ok ... (using ctrader).
  • #8,418
  • Jan 19, 2022 1:09am Jan 19, 2022 1:09am
Does anyone successfully finishes FTMO first challenge ??
  • #8,419
  • Edited 12:51pm Jan 20, 2022 11:16am | Edited 12:51pm
Quoting Vitek-ftmo
Hello guys, I hope you're all doing great, here we are with another (today rather short) FTMO ForexFactory Update. Starting with the platforms as usual: due to scheduled maintenance on all our platforms, on Saturday, 15 January 2022, trading will be halted from 00:05 am to 05:00 pm platform time on MetaTrader (GMT+2 / CET+1 on cTrader). Kindly manage your trades accordingly. On Monday, 17 January 2022, due to the Martin Luther King Jr. holiday, the following changes to the usual trading hours will apply: US30.cash, US100.cash, US500.cash, JP225.cash,...
Hi Vitek,
I just saw this info about 14 day extension on tweeter. does this apply to existing accounts or only for new accounts?

Extend your FTMO Challenge You can get 14 days extra if you profit at least 5% (balance & equity) and nearing your duration end. Even better, you can still get a Free Repeat if conditions are met. At #FTMO, we give you more chances to pass without chasing trades. Trade safe! https://pic.twitter.com/nQNBIdGEff
  • #8,420
  • Jan 20, 2022 8:35pm Jan 20, 2022 8:35pm
@Vitek-FTMO

Here are some changes I would love to see FTMO implement. Please let me know your thoughts for each one!

1. Lower fees for all challenges
2. Create a direct funding model for traders that don't want to do challenges
3. Allow weekly withdrawal of profits from funded account(s)
4. Shorten the capital raises time frame from 4 months to 3 months
5. Reduce the profit target for the challenge phase and verification phase to 8% and 4% respectively
6. If a trader doesn't pass the verification phase but is in profit, allow the trader to start for free in phase 2
7. Allow funded traders to pay a fee to reset their funded account instead of having to go through another challenge
8. Give the option for the profit split to be a combination of fiat and crypto, not only one or the other
9. Allow accounts bigger than $400k
10. Have one $400k challenge instead of having to purchase 2 $200k challenges and manage them both
11. Lower the minimum trading days for both the challenge and verification phases
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