How to use ftmo reddit I was learning from this guy name raja banks when he use to stream everyday with other people. By using their in house broker, they can manipulate pretty much anything. You can set as You want even 5 pips SL 15 pips TP ) I am using it at 0. They aren’t a broker, they use an institutional liquidity provider. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. FTMO is legit and has been around for a while. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. You can set the risk as You want . How do you use fibo and rsi in your chart as confluence i need to try this . I have downloaded the cTrader from the FTMO website and I tried to login with the login credentials from my FTMO account but it failed. Congrats brother on passing ️🍻 To pass challenges FTMO, FUNDEDNEXT or any prop firms. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. 1:50 leverage is fine and plenty for most people. Without mt5, I’ll probably just finish out the month with the profits I have now and be done with ftmo. After your first payout with FTMO you basically are playing with house money. Could be 14%. As long as your risk is ok and your stop losses are set properly there shouldn’t be slippage. 5ers is the same. 5k sitting around that I can afford to use so I'd rather pass the challenge in one shot and build my own capital to fund myself. Signals can be tough to use even when you find a good provider. They will get you by seeing other people take the same trade with the same sl and tp within a short period Let's say you trade a tripple EMA crossover strat on the 5m. The amount of capital you get is great for easy money, given you pass and get a payout. Build a baseline of financial security with the difference first, then use it to invest for your future. ( RR 1:3 ,RR 1:4 , You can even change the SL and Take profit . If they can’t control the broker, then they can’t “slip them to hell” That sucks. So now I have my eyes on the high stakes program with 5%ers I think we have the same strategy break in support/resistance retest then confirmation with candlestick pattern (e. Here are my findings: WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. In Europe, max leverage is 1:30 and in Japan it's 1:25, so 1:50 isn't bad at all. Overall for signals and strategy I use Oanda data as I trade that in parallel with my current strategy. Never used them. Slippage only occurs over night with stocks or on the weekends with indices and forex…. 5% / trade. g engulfing). It sounds simple but please don’t underestimate it. They're probably manipulating spreads, slippage & swap. I started a 100k toptier trader challenge this morning using mt5 via think market. First of all I would like to know from people who had any experience with these two, if they are both allowing to copy trades between account on different prop firms. If you're trading with a propfirm that has it's own broker ex: MFF -> TGG, FTMO -> FTMO, AFG -> AFG etc. As long as you don't let yourself go below the starting balance you won't have to buy another challenge. Btw im taking also a prop firm challenge but not ftmo. Doing well maxed my funding on FTMO, I see that as a bank now lmao, currently doing the prop firm challenge and using a trade copier to mirror my entries onto my ftmo accounts, and US30 only I made the switch to this around 6 months ago Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. I use top down analysis at the core of my strategy. If the prop firm uses a third party, regulated broker like Eightcap, BBMarket, etc. Yes, from my review of the same question, I believe US persons or entities can participate on the FTMO platform. Plus the scaling aspect, even a $10k ftmo account can eventually scale to $2M account. Welcome to r/Ontario, the largest and oldest online community dedicated to the lovely people of Ontario, Canada! We strive to be the best place to talk and discuss all things Ontario. However, before you can do that, you need to pass their challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! A Reddit Community run by MM community members for those that want to use, learn and understand more about how to heal chronic illnesses with Medical Medium information. 8 - Win rate of 55-60%. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. 4k + 4. Then took 2 in the same time, spent little bit longer. You are trading with their money with the intent of producing a return against the market. Use smaller and proper size every single trade. Be the first to comment Nobody's responded to this post yet. A subreddit for news, tips, and discussions about Microsoft Bing. If they pass, you pay. But here is the problem: is FTMO using the same business model ? Especially because they claim they use their risk management for demo accounts connected to live markets. Please leave your thoughts in the comments. There is no way you'll keep that FTMO account long enough to see consistent profits. I took 1 first and get it pretty quick. com Feb 8, 2024 · This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. Yeah you can use an EA, and yeah you can use a bought one BUT you may run into issues where they think you got multiple accounts. % doesn't matter if the trader isn't using any money management. Especially since my average holding time is 12 days. I should add I have also passed a few times too with them. FTMO has carefully calculated and set up targets which are unrealistic, high chance for even a good trader to fail, to make 10% in 20 trading days (1 month) you are forced to open larger lot sizes to meet the target but when you do if market goes the other way only a little bit you end up failing the challenge because of the 5% daily drawdown rule, odds are basically against you, they are more For experienced developers. etc. Started trading with a demo account and actual 1000 - 500 dollars accounts but I obviously blew them 😂. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. No what I meant, is for example when you first start trading they'll pay you from the money they make from evaluation fees and if you are a profitable trader then they'll start copying your trades so my question was how much* money realistically before FTMO starts copying the trades and giving you money from the profits of the trades they made The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. FTMO is a prop trading firm. I have been told that this lot size is too small. Once I’ve selected my top performers from these tests they will go into a few smaller final tests before I take any challenges. - To be with other like-minded forex traders. Hello, I would like to start two challenges with two different prop firms, FTMO and The 5%ers. But once you have the funded account, there's no reason to take any risk that will blow your account. 5% a trade, I just feel like I have been so unlucky this whole time, I haven't won a trade so far this week and There's no such thing as a prop firm that isn't a scam, because they show you numbers that you don't actually have. Hi folks, are there any FTMO traders here that know if I can use iC Markets cTrader when doing the month trading challenge? I’ve been doing the trial for it on purple trading mt4 now for a while but iC cTrader is a much better option for me with its tighter spreads and lower commission rates. We are a non-judgmental place of compassion and light-heartedness. For an intraday trader though, I agree FTMO is probably a better fit since you'll be able to make better use of the free resets. I am worried that if I use a bigger lot size, I might hit the daily loss limit and my losses might be difficult to overcome. So to them, it is a completely risk free business. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. The prop firm will control the account at the broker, that's why they pick and choose who they work with. They are also large enough to offer their own brokerage along with your funded account. Do your research but so far, my experience with MFF has been great. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Not actively monitored by Microsoft, please use the "Share Feedback" function in Bing. For FTMO, the two trials involve more luck that normal trading due to the time constraint. Because when you overleverage with $3. Add your thoughts and get the conversation going. I just don't have $3. With that said, if I could open say an FX account in Australia, I'd say 1:200 (up to 1:400 is allowed in Australia) would be a good all-around leverage amount to have but not necessarily use. I am using 1 lot and 2 being the maximum. so does anyone know if trading forex with their capital is legal for an Indian citizen and we're not violating any fema or rbi rules . I went onto the Metrix section after the first day, and I am not sure how they calculate what they calculate. When my trades follow my setup, I can make 200 pips atleast. People use FTMO to get around some of the leverage restraints in the US and I don't believe they have restrictions as far as nationality for signing up. I used FTMO in the past and they are legit, I was able to withdraw and everything but I had to change my strategy and it doesn't work with FTMO's parameters. FTMO basically, made a two-step process to check out your trading performance. com, a trading forum run by professional traders. I use supply and demand zones marked in daily & weekly timeframe, trendlines and trend channels. I'll hold anywhere from a couple hours to a couple days. How does it work?. If you have $1000, that's the exact same as having a $10,000 FTMO account; if you lose $1000 on an FTMO account of that size, they close your account. Please remember: Reddit IS NOT a replacement or substitute for a qualified solicitor, and any advice given here which relates to the law is purely academic in nature and should not be relied upon. It trades RR 1:2 Daily EURUSD ,GBPUSD ,USDJPY , USDCAD. I’ve hopefully learnt something from all the pain however. Remember to take it once you have an experience and well built system. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. FTMO is it's own broker, I've asked that recently and that's what they replied. You made 9. FTMO developed a 2-step Evaluation Process to find trading talents. -Share FUNNY Trading I consider myself in between day and swing. The same reason they got MFF. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. When considering your risk you need to use the maximum drawdown amount, not the total account size. does anyone have knowledge about it Though that FTMO extension is sweet, unlimited time limits, small targets, and faster scaling are sweeter for my strategy. Trading is hard. Use this subreddit to get advice on renting or buying accommodation in the UK, or to have civil discussions about it. Ask yourself this: why would they charge you a commission on each trade when you are trading with their capital? Long story short, I want to aim for a €40,000 challenge next year and wanted to ask you what your experiences are with FTMO and what you can possibly give me tips along the way. FI/RE (Financial Independence / Retiring Early) is a money strategy that's sweeping the nation. 4k and an end balance of 110k which suggests you must have been about 4% in drawdown on the account in the first place. Welcome to FXGears. My top choices are The5ers, FTMO, and Darwinex Zero. FTMO’s model is very innovative though … once having passed the Challenge and Verification test phases and having become eligible to participate on the FTMO platform, the so-called FTMO ‘trader’ basically just plays an electronic game of simulated trading with virtual funds FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. 46 :D Soooo happy I believe the secret to these prop firms is using a really small % lot size once you get a live account(s). You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. . I went onto FTMO, as from what ive read and heard, they are ok, and i have signed up to their free trial to try their 70,000 account. Upon successful completion you can get an FTMO Account with a balance of up to $200,000. I use a discretionary strategy but contain it with SLs Since the challenge resets you can use all that risk you have accumulated and start making larger trades to pass the challenge the closer you get to running out of time. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. They don't want you taking the exact same trades as others or it may flag you as having duplicate accounts. The subreddit has not kicked you out or gone private. Depending on where you are you could also have a look at Darwinex and DarwinexZero as they are a great alternative to FTMO These 2 tests I’m using have a total of over a 150 EAs and everything is connected to FX Blue. FTMO is legit but definitely avoid non reputable too good to be true prop firms and look at the broker they use too…that doesn’t mean I haven’t ‘wasted’ literally thousands upon thousands on challenges with ftmo. I use Daily, 4 hour, 15 minute for analysis, and 1 minute for entry. FTMO uses their own data and you will have to get details from the account and connect via the MetaTrader Apps. FTMO. If they fail, you are still out FTMO's challenge fee. Additionally, I setup fibonacci extension for 4 hour & daily. we're just providing our services to some foreign company and they're paying us. FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. Hey everyone, i started frmo about a month ago, it took me about 2 weeks to pass the first challenge, last week I started the second phase of the challenge and the whole time I've just been in loss, I've been trying to trade in a disciplined manner and haven't been risking more than . com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. 4% isn't unrealistic at all. prop firms like ftmo,mff allow traders to trade with them globally. However, if they used a 3rd party broker, they can’t be charged with manipulation because they don’t control the broker. I would get a payout and my refund then use that money to fund a personal account so you have YOUR rules without risk of losing a certain amount. The challenge consists of trading with a virtual account for 10 days, with a specific set of rules and conditions. If I had to say there is 1 particular concept I use, it's looking for price manipulation that happened during the day and forming my basis for trade idea around that, while still keeping my attention on the larger overall picture and trend on the higher timeframes. I recently started trading again in January of this year cause my friend told me about FTMO and how they let you use there capital. If you pass it, you get funded. It has STOP LOSS 10 PIPS AND TAKE PROFIT 20 PIPS . And if you're just duplicating trades then there's no point for them to keep you on. Please only submit content that is helpful for others to better use and understand Bing services. Not at all. It all depends on how quickly the trade moves. Utilize the Golf Clash Discord for questions and chatter. I was looking at getting a funded account, to use alongside my live account that i use with my own money. 5k using 1000:1 or 500:1 liquidity with a broker like LMFX, Hugosway, or any unregulated broker, you can trade using the exact same lot size. Took me several challenges to pass but all worth it. This way, if you have a consistent strategy, you won’t lose the account. Congratulations on your FTMO challenge bro If I might ask , which session do you mostly trade ? I am currently trying to figure it out which session I can use efficiently with my work 5AM to 2 PM & sleep schedule !! I notice one of your trade set up you shared in the comment and I am try it out . 8 days of trading, 259 trades, Profit factore 2. We also take a closer look at the evaluation process, trading After you sign up, you can either start an FTMO Challenge right away or, as we usually recommend, start with our Free Trial, which is a free version of our FTMO Challenge intended for practicing purposes. But they do not provide any more details. Let's say some other trader in another part of the world also happens to trade the 5m EMA crossover strat and takes the same trade as you. You may have some luck with prop firms like FTMO and MFF as you are not using your own money and gains count as income as you are technically a contractor. Hello, good day everyone. See full list on ftmo. I trade a live account with ftmo for a while now and never experienced any bad slippage. This community should be specialized subreddit facilitating discussion amongst individuals who have gained some ground in the software engineering world. Wouldn't matter if they don't have money management plan. 34 votes, 61 comments. I enjoy playing swings using RSI, keeping in mind support and resistance and the higher TFs. It's up to the broker you use with that prop firm if they scam you or not. It's not easy, but it is simple: earn more, spend less, and use the difference wisely. I have seen MFF fail tests on people for trade copying, if you're gonna use signals make sure you the the S/L and TP a few pips off what the signal provider gives. I’ve been funded by ftmo for a couple years and I remember being bummed when cTrader was discontinued in the US. 5-1. The main indicator I use is EMA to strengthen the candles structure and it's a good indicator for me to avoid fake outs and wick hunts. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. iqsc qrvgsfz gzqbpz agnvu cumtvg syqa irlcb rpoybh zbw dyczdu