Disliked{quote} Wrong from the first sentence...... you invest $275, you do not get $6000 account you get 4% DD ($150) you need to make $375 off of $150. It gets worse once your funded, you need to make 250%, 10% profit with 4% DD and they double your DD. Don't be fooled by the "equity" they are giving you, that amount could be 10 million, bottom line is what you can lose....if that amount is less than the fee you pay them, in no scenario does this benefit you. In other words, your "risk of ruin", or what you risk per trade is based on the equity in your...Ignored
Hello traders,
another Friday is here and another volatile week is finished! CPIs, FOMC, PPI, or Unemployment rates, all of that provided us with liquidity, which, in the end, is trader’s bread and butter. If anyone managed to score a good profit on one of these, don’t be shy to share.
Starting off with the platforms as usual - President’s Day holiday is coming in the US on Monday! Several instruments will be closing early, so especially FTMO Traders should take notes here… 
Alright, that’s about it for the updates part today, let’s move on to your posts for a minute:
Hi darshana1991, any time, have to have helped!
Hello Mafia, I generally agree that meeting the 10% Profit Target within the 30-day trading duration is very demanding (hence the name “Challenge”), however, also do not want to keep testing traders for several months and track record is also not a reliable indicator of trader’s qualities (easily falsifiable).
Nevertheless, I’m not sure if you’ve seen the latest updates. If you’re in at least 5% Profit 3 days before the end of your trading period, you will be offered to have your FTMO Challenge extended by another 14 extra calendar days. Also, anytime you finish FTMO Challenge or Verification with any profit (while not exceeding the loss limits), you receive a new FTMO Challenge for free. In total, you theoretically have 44 calendar days + a free repeat.
Also regarding the profits: trades on FTMO Accounts are being copied at our own discretion using aggregated orders thanks to our proprietary risk management algorithm - that is where the cash flow is generated.
Hello Francoxxx, I think it's fair to say that you’ve described FTMO quite perfectly. FTMO Challenge is certainly not aimed at newbie traders and passing it does require skill and experience (here I’d like to point out again - do not trust anyone who says they will pass your FTMO Challenge for you). Sure the loss limits won’t allow you to score risk tens of thousands a day, however, we’re looking rather for traders who can prove their skill in the Evaluation Process and then peacefully gain maybe even just several percent a month, but consistently. After all, our Scaling plan, in which we increase your balance by 25% and your Profit Split to 90%, requires you to gain 2.5% a month, so it’s really great risk management and consistency we’re about.
Thanks for your great review and I wish you many Profit Splits ahead!
And we're finished for today. I hope you'll like our Quick Trade Manager, feel free to give us some feedback too!
Thank you for your attention and as always, I wish you guys a pleasant weekend.
Cheers, Vitek
another Friday is here and another volatile week is finished! CPIs, FOMC, PPI, or Unemployment rates, all of that provided us with liquidity, which, in the end, is trader’s bread and butter. If anyone managed to score a good profit on one of these, don’t be shy to share.
Starting off with the platforms as usual - President’s Day holiday is coming in the US on Monday! Several instruments will be closing early, so especially FTMO Traders should take notes here…
- US Indexes (US30.cash, US100.cash, US500.cash, US2000.cash), JP225.cash and USTN10.f will close early at 8:00 pm;
- Metals (XAU, XAG, XPDUSD, XPTUSD) and USOIL.cash will close early at 9:15 pm;
- US Shares will be closed all day;
- NATGAS.f will early close at 9.30 pm;
- VIX.cash will early close at 6.30 pm;
All the times are expressed in platform time (GMT+2)
As for other updates: We have developed a new tool for MetaTrader users to help them with position management!
The FTMO Quick Trade Manager is an EA that acts as an advanced Order window. Not only is it more comfortable to use, but it primarily includes extra features such as Advanced stop-loss that moves in your direction after the price moves in your favor by a certain amount of pips (unlike trailing stop, which moves with the current price all the time).
Also, the Order window includes information about the upcoming news, automatically calculates your SL and TP value, etc.
Of course, this little tool will not significantly improve your results, but I can tell from my personal experience that it makes your calculations quicker and the other features get handy as well.
You can download the EA in the Downloads section of your Client Area, the full description and installation guide is available here.
Alright, that’s about it for the updates part today, let’s move on to your posts for a minute:
Thank you Vitek.....
I have tried FTMO last year and failed in evolution. the big problem is TIME. you have to gain 10% in 21-22 working days. If you are trading like a trader not like a gambler then it gets worse when you face the pressure of time as time passed by. I dont like their model just because of following reasons 1. Time as it is explained. 2. Trading on demo account ( even if you pass the evolution, you will be on demo account forever and they will keep you paying profits from the profits they are gaining from the failures of 95% traders. This model is not...
Nevertheless, I’m not sure if you’ve seen the latest updates. If you’re in at least 5% Profit 3 days before the end of your trading period, you will be offered to have your FTMO Challenge extended by another 14 extra calendar days. Also, anytime you finish FTMO Challenge or Verification with any profit (while not exceeding the loss limits), you receive a new FTMO Challenge for free. In total, you theoretically have 44 calendar days + a free repeat.
Also regarding the profits: trades on FTMO Accounts are being copied at our own discretion using aggregated orders thanks to our proprietary risk management algorithm - that is where the cash flow is generated.
Hello everyone. I would like to share my own experience with FTMO. First of all, everybody knows trading is hell of a challenge( between 80 to 95% people lose money etc ). It took me ages to develop a profitable approach to trading ( Still learning of course and well aware of how tough it will be to survive ). That being said, I started my "get funded" journey almost 1 year and a half ago and after mistakes , painful lessons and infinite patience mixed with positive mindset, I managed to get funded. Of course I couldn't believe it. I received my...
Thanks for your great review and I wish you many Profit Splits ahead!
And we're finished for today. I hope you'll like our Quick Trade Manager, feel free to give us some feedback too!
Thank you for your attention and as always, I wish you guys a pleasant weekend.
Cheers, Vitek
Hello traders, another Friday is here and another volatile week is finished! CPIs, FOMC, PPI, or Unemployment rates, all of that provided us with liquidity, which, in the end, is trader’s bread and butter. If anyone managed to score a good profit on one of these, don’t be shy to share.
- #8,492
- Edited 1:35pm Feb 21, 2022 1:09pm | Edited 1:35pm
{quote} U already passed. Just trade another 5 days in small size and your done. Going by your max loss however, I would say that your risk per trade is likely quite large.....But it has paid off for you on this occasion, which means you pass, and can greatly lower the risk tolerance for the 2nd stage of the trial. Needless to say, when you get funded, if you keep taking that level of risk, you WILL blow up at some point.
)Needless to say it's been fun. Personally I've found the max daily loss a little tight to handle, so building on that to give a buffer and then using it as part of equity within max loss calculation allows me to compound up position size.
Edit: I'd build up 10% of own equity, keep this in and not withdraw, use it on top of 10% max loss per FTMO rules (equals a net 20% in max potential loss allowed) - it's no skin off FTMO's back, as i'm risking my own equity first when losses start dropping in.
Will go a touch slower in next stage.
Cheers
I AM BIASED - MY THOUGHTS ARE AGAINST YOURS
