Ftmo reddit 2023 Glad to hear from a fellow trader. We would like to show you a description here but the site won’t allow us. So obviously, there’s something wrong with the strategy. Depending on where you are you could also have a look at Darwinex and DarwinexZero as they are a great alternative to FTMO Welcome to FXGears. But once you have the funded account, there's no reason to take any risk that will blow your account. 5% with the 5%ers, all due to the spreads. 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. FTMO Forex Trading Community was created with the following intentions: - To help new and… Welcome to FXGears. Futures props still place you on SIM/demo(simulated account) it s just harder to notice because there is the visible live orderbook but your orders still dont go though a live market. Thanks for the feedback, I plan to get a VPS and buy a small FTMO challenge to run the EA and see what happens for the next 3-4 months. No ‘wen lambo', no 'sell and give me the reflections'. I dont have any time limits, just need to make 10% no matter its in a few days, or few weeks/months. As of 16th December 2023, trading of the SafeMoon token has been halted. Welcome to FXGears. of trades is so little compared to 2022, should I include more instruments? I used to commented on youtube about how bad the slippage and spread was on MFF so I used FTMO even though FTMO is harder. Looking for a new prop firm after MFF has been dumped. Thats why i bought a challenge on the funded trader recently. The real question is do YOU have a consistent and profitable method? That is the real question. Real fuking hard. Edit pdf's and place your name, you won't last much on ftmo anyways, so at least get your fee back and some money on the payout and give up on prop firm trading before going bankrupt Reply reply I passed, focusing on my risk management, not profit. FTMO is legit, and I assume they have a lot of very successful traders. This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. You can achieve an equal amount of profit from just $10,000 account with own money, taking almost 40% floating DD ($4000), instead of <5% realized DD in FTMO. If I keep consistent until the end of… 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. And still, I would be way more stressed out having a drawdown period on my personal account than on a FTMO account. The max daily loss is the thing you need to watch out for. true. This is why I recently have been focused Another point to note is that trading with own money is always better and profitable in long term. I’ve been trading for about 2 years and have yet to make a consistent profit. 1%-3% max but I think 0. It's interesting we got the same strategy, I'm totally open to collaboration and sharing ideas. My question to everyone is what does a hacker gained from loggin in my account n placing stupid trades? FTMO uses their own data and you will have to get details from the account and connect via the MetaTrader Apps. If you are as well, you have your FTMO app that shows your daily allowed drawdown. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. Overall for signals and strategy I use Oanda data as I trade that in parallel with my current strategy. 7K subscribers in the FTMO_Forex_Trading community. This is an alternative subreddit for former investors who want to discuss both the good and bad of SafeMoon without the echo chamber. With FTMO, after 2 months of consistent trading you can have that capitol to trade with. 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. Basically it is 5%, or 5000 on a 100k challenge, a day and increases with your profits ON THAT DAY ONLY. Any advice? Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. Im currently doing the challenge myself. , whereas other people say FTMO, like 'all prop firms', make money through people paying for, failing, and repeating their challenge, and those who do pass are 22 votes, 24 comments. FTMO & MFF Funded certificates Doing new ones this year follow my journey! u/wannabechampfx ADMIN MOD • The Secret to Passing ANY Funded Challenges using this 3 Step Strategy, sharing the strategy breakdown, the psychology and the thought process when doing a funded challenge. But they do not provide any more details. There's a real mix of opinions out there, some people say FTMO is a great company to trade for as you get to keep a generous portion of the profits and get good leverage, spreads etc. So if you are up 30k TODAY you can drawdown Why does Dukascopy data differs massively from FTMO data? I am testing this EA only on one instrument, this EA performed extremely well in 2022 based on the graph (in terms of no. For FTMO, the two trials involve more luck that normal trading due to the time constraint. 1. . Mostly scalping. It's way quicker than building up your personal account from 150 to 10k. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. (1% of risk per trade with 66% win rate) FTMO rules are far laxed compared to the firm I work for now but l manage a far bigger book and obtain bonuses and payouts. Welcome to /r/Netherlands! Only English should be used for posts and comments. I think most of it comes to revenge trading and options instead of a stable cash account like FTMO where I don’t have theta or PDT. On my 25k FTMO Challenge it says the max daily loss is exceeded today but it never actually did, i never did at any point go into drawdown above $1,250, i had stop losses set for every trade and today i only lost $698. com, a trading forum run by professional traders. 80 after all the trades hit my stop losses. I'm a swing trader looking for a funded challenge, FTMO seems the most legit, but I'm not too sure if it's appropriate for swing traders? I hold trades generally for 2-3 days (average 1-2 trades per week), and I've been consistently profitable for a wh 18 votes, 49 comments. :) you'll be in a much stronger position before taking on the FTMO challenge by testing first your EA on a demo account for a couple of months and save money, just my 2 cents . Like the market owes me right. 1% with FTMO and +4. Obviously ftmo is the next biggest competitor. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. TL;DR: Your FTMO app shows your daily allowed DD after every new trade. Yeah im feeling stressed when there are time limits. Took alot of shit from other people. of trades), but in 2023, the no. 5%-1% is better for long run, Actually I was doing well in the two phases but in the FTMO account I wasn’t myself when I look to my entries back then i says WTF why did i took that trade whats the reason for the entry, I was just want to make money fast, Greed blinded my insight now, I believe revenge/over Trading has a huge psychological Hello! 1just wanna know why this happend: 1- in FTMO account chart on MT5 price on 13 nov 2023 1:30 gmt+2 price have this lower low on 1 min chart of 1919 but in MT5 demo account at the same app it was only 1933 And i looked at most of the brokers and LPs that peek of 1919 didn't happen And when i went to ask them why this happend they simply answered the answer is on the 3rd screenshot Can Also Im not saying ftmo did some shady shit but my account indeed was hacked, but i didnt place those BTC trades i was sleep at the time. Just to give you a bit of insight into my approach, I primarily use Fibonacci retracement, which I apply by placing it at the highest and lowest points of the last genuine market structure. After a few days doing the FTMO trial, going pretty well with consistency increasing each day. When considering your risk you need to use the maximum drawdown amount, not the total account size. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. When MFF imploded , I wanted to buy a 200k FTMO account, but I decided to get 2x100k, one each with FTMO and 5%ers to spread the risk out of another implosion. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. Criticism and skepticism is welcome. Damn thinking back I was smart af. wecky boglztia icloz ejxs oqlhzzg qxvtljf icmwh hlhu chpq pkel
Ftmo reddit 2023. So if you are up 30k TODAY you can drawdown .
