Ftmo challenge rules reddit. Step 1 – FTMO Challenge.

Ftmo challenge rules reddit I am so hyped and a post like this motivates me a lot. Margin Requirement: For XAU/USD, the margin requirement is 3. In the FTMO Challenge or Verification, you don’t need to. A lot of traders have been able to make a good living by trading full-time thanks to FTMO. I failed my FTMO challenge today. Here’s a quick rundown of what’s allowed: Standard Trading EAs: These are your basic EAs that use regular trading strategies like trend following or technical analysis. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. And our new FTMO Traders have had a [] So today I failed my FTMO challenge. Sometimes I'm getting 1:1, sometimes 1:4 or more sometimes lessing Well FTMO actually has this thing (among other prop firms) where you have to meet a minimum number of days to pass. I'm planning to get 100k usd funded account since yun ung talagang pinractice ko. Tried FTMO challenge 4 or 5 times last year and never passed as making 10 percent in 21 trading days is unrealistic without significant risk. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, FTMO Challenge This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. The FTMO Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown we allow you to take. if i can't, then I'm not ready yet, save your time and go back to the drawing board and work on If you lose 3 trades which is 300 dollars in a row the strategy isn't working. lovely. 80 after all the trades hit my stop losses. FTMO is legit, and I assume they have a lot of very successful traders. Another point of view, Just position yourself as new trader - passing challenge on FTMO is regarded as an achievement of some kind and you would want to brag it here. This shows their trading skills and how they manage risks. In addition, if the trader violates the rules of the FTMO Challenge, he or she will be refused further evaluation. Prop Firms Passed my 200k challenge today! That's the only rule that I truly do my best to follow. Before you start the FTMO Challenge, make sure you understand the rules and guidelines. FTMO offers its traders two different two-phase evaluation funding programs to choose from: Evaluation program accounts; How do you get around the difference of charts of ftmo and tradingview. The challenge operates on the premise of Hey guys I didn't break any rules in FTMO so the first day I lost 450, and today -470 on a 10k account I'm currently 9/030 will I get a free retake We express our warm welcome to our new FTMO traders. Open a demo with 100k (or whatever funded account size you want) - trade on it for 8 weeks. Breaking rules etc etc. After 34 trades I'm still slightly in profit for today. But also in FAQ I read that if TP or SL gets triggered during those news events it can also be considered as breaking this rule? I'm assuming you had some historical trades/track record you based your risk on going into the challenge. . For instance, with a $50,000 account, they aim for a $5,000 profit. I'm assuming you had some historical trades/track record you based your risk on going into the challenge. I have seen some of the videos of those who passed it, and it's a disgrace. 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. I was in gain and their metrics were telling that I failed the max daily while at the same time I was in gains of over 1k. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, So last month i ended up 8% in profit but the duration wasn't enough for me in the FTMO challenge, didn't violate any rules, so they gave another free challenge. we will look at 5 Tips on How to Pass the FTMO Challenge Successfully. FTMO has a dashboard that lists the times that the news will be released. 5R trade. The challenge consists of trading with a virtual account for 10 days, with a specific set of rules and conditions. 90 while the site was performing maintenance causing me to owe more than my stop loss. 377K subscribers in the Forex community. Wtf is going on? I'm creating this post to start a general discussion and see if anyone would know why this would take place? Obviously prop firms are not for the long term but many people use them as a way to build personal accounts and to actually start a solid way into trading. Be mindful of FTMO’s trading rules. FTMO. During the Challenge, you need to follow a series of rules to prove that you have good trading skills and discipline while trying to reach the objectives. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the future. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. I failed the FTMO challenge because my stop loss was not triggered due to FTMO site maintenance. Legend Lost Sectors just don't drop exotics enough to bother Welcome to FXGears. You can choose an account size of up to $200,000. I have just started the demo challenge as well, and I am using TradingView to do the analysis. FTMO makes a good chunk of their revenue from people failing challenges, so the rules are sometimes kind of designed to make you fail. It provides them with a platform to flourish in the ever-competitive financial market. Step 2: Verification. In the Free Trial, you will also have the possibility Welcome to FXGears. I can understand why they have the rules they have. Looking through the trades since I triggered the challenge to start. I could see I was trading in a emotional state and felt very isolated. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Ftmo challenge Questions 😀Enjoy the flexibility to trade without being subject to stop-loss rules, limits on lot size, or bans on trading on weekends while the challenge is being conducted. Step 1 - FTMO Challenge; Step 2 - Verification; Step 3 - FTMO Account; Can I trade news? How do I apply for an FTMO Challenge? What payment methods are available? Do we charge any other fees? Are the fees recurrent? You have mentioned you're profitable on your own and with a large sample size, so congratulations. Proving Trading Skills: During the FTMO Challenge, traders need to demonstrate their ability to adhere to trading objectives. Yes, the bigger the account, the bigger the positions you can go with. But it is good for good traders with 0 capital (minus the $400-$600 you might have to pay 1-4+ times). This is my 3rd time with FTMO. Thats why And even though you faced some challenges in Phase 2, it's impressive that you were able to recover all of your losses and end the day without any losses. FTMO has specific rules and guidelines for trading in their Challenge and Verification phases, and it is recommended that you review these rules before starting your trading. My mentor tells me this is great for a first challenge since mostly everyone fails there challenge way before the 30 day mark. Trade the trial FTMO and pass it 3 times in a row. I’ve been thinking about trying the challenge, but I’m just wondering how FTMO has changed some of your trading careers, Welcome to FXGears. I'm not sure about market manipulation but regarding some inconsistencies that I did notice from FTMO is that I did notice server issues that my buy/sell entries didn't get triggered Rules. So far in the sim this past week alone, 21 trades, I've returned 20% of my portfolio. You have 60 days for phase 2? Wait The table below summarizes the key rules for FTMO’s Funded Accounts, covering the main aspects like daily loss limits, drawdown, leverage, and specific rules on holding Getting an FTMO Challenge is your first step towards becoming an FTMO Trader. I can pass your ftmo challenge I’m only doing 5 spots . 5% etc but ultimately you have some rules on the challenge that will have to be followed else its over. First level ftmo challenge on a 200k account Welcome to FXGears. I've been doing really good live testing on the sim. If we consider a live execution model, then the chances of negative slippage over positive slippage are 3:1 as positive slippage is less likely to take place because of the spread widening between View community ranking In the Top 1% of largest communities on Reddit. Hey Guys, just passed a demo challenge in 5 days on FTMO, so happy! I'm not selling anything, not selling my EA, not selling I have successfully passed my FTMO Challenge, now what? What will be the size of my FTMO Account? Rules. Stop paying for challenges if you're consistently failing. But if you start with 50k and get to 60k on a trade which then goes down to 52k you would not violate the terms as you’re not below the initial amount. It will be a constant battle not to breach rules while remaining profitable. It's really easy to break this rule. The following week I did really bad in my Forex funds challenge as I didn't adhere to the rules. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. FTMO developed a unique 2-step Evaluation Process for traders. Members Online. With support from followers, he surpasses his goal and successfully enters the challenge, proving the power of social media in achieving aspirations. Countless YouTube videos, Udemy courses, Google searches. The real question is do YOU have a consistent and profitable method? That is the real question. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. 00 lot trade and that started the losing streak. Same thing happened with my first ftmo challenge, I was £700 in profit. This includes things like the maximum allowed risk per trade, the required Question about ftmo challenge rules. It requires patience, time and discipline. So guys, be aware. 5-1. To further assist you, we recommend additional self Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. That money could have been better in a personal account where you aim to make 10%. To view the instrument specification in MetaTrader, open your Market Watch (Ctrl+M), right-click on the concerned instrument, I traded the demo account on FTMO with 40k for 2 weeks and reached 20% and also passed all the rules, for me its time for a real challenge. FTMO Challenge: The Crucial First Step. The rules for the Challenge Passing help you handle risk management better. This caused me to fail the challenge. However, we have a I've been doing really good live testing on the sim. I was wondering if I could take on the FTMO challenge. This sums up everything traders need to know about the FTMO Challenge rules to successfully pass the challenge and give themselves a shot at receiving a funded account from FTMO. Hope you continue respecting your rules to avoid going on tilt when that happens I'm going to take part in the FTMO challenge soon but I'm not sure if FTMO lets you keep your profits during the challenge and verification stage. Hey everyone, I've recently got into ftmo, and on my first try, I passed the stage 1 of ftmo, onto stage 2,its a different story, I've been quite unlucky, ad after a series of trades I'm now down 9. Trading with the (FTMO) Economic Calendar. During these stages, you can keep your positions open overnight and over the weekend as well. Step 1: FTMO Challenge. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. If I were to make 10% in 8 trading days, can I drop my position size to . I don't think you're going to deny that an 85% winrate with a 10:1 average RRR for a profit factor of 61 is unsustainable. I took a 2. A 10% absolute drawdown is super easy to mantain. com's Reddit Forex Trading Community! FTMO Challenge. It is more of a trap set by them, in the name of challenge or dare or whatever they want to call it. I spent time reading through them, but found lots of random comments, FTMO Challenge Fees and Rules: What Every Trader Should Know; Best Crypto Prop Trading Firms 2024; The 5ers vs FTMO 2024: I’ve used a bot and passed the FTMO challenge, the bot is bot mine but I purchased it and everything has been fine. If you are able to repeatedly pass our Free Trial, then there are chances you can succeed in the full FTMO Challenge as well. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. You need to demonstrate your experience by sticking to Maximum Loss Rules Don’t know how you passed the challenges but you might want to test out your strategy before entering again. I think the FTMO challenge is achievable. I blew two of them after just one payout from each, and one of them I couldn't make a profit before losing it eventually. There are different types of drawdowns and we’ll cover everything in this article. Even though it’s called a swing account, FTMO isn’t well suited for swing trading. I over traded and just went in complete denial over the fact that I had just lost a substantial amount. I live in the US -- but I am not a citizen and also have residency at another country. Drawdown We can see it everywhere. In the Client Area, you can select your FTMO Challenge based on the Account Balance, Account Type, and trading currency of your FTMO account. I wonder if it’s possible to get 4 ftmo challenge to get one real account. price negotiable depending on challenge size Currently undergoing the FTMO 10k Challenge phase 1 and safe to say I'm still in it. Usually, the traders who want to become part of the FTMO already have some experience in the financial market, but even this cannot guarantee that all their trades will be closed exactly as planned. Took a 70k these restrictions on trading during the restricted news events do not apply to FTMO Challenge or Verification accounts. And I was wondering which is the best data provider on TradingView, to use for FTMO? Also, I have noticed the price on MT4 from FTMO server is a few minutes delayed, anyone else experienced this problem? Thanks I did the challenge myself. e. Prop firms often value consistency over high returns in a Also I'm fairly sure FTMO gives you a demo account after you've passed the challenge, and then they copy the trade onto a real account so there may be 1 pip differences by the time an order is filled which in your case could be huge. However, before you can do that, you need to pass their challenge. During these stages, you can keep your positions open overnight and over-the-weekend as well. Even experienced traders can sometimes hit the maximum daily loss and end up getting disqualified from the challenge! This was the exact advice I was given by a very profitable prop firm traders. I have reported the issue to the support team , I now await the response. You can also convert your account type later on after starting your FTMO Challenge. FTMO take their little slice right off A 16-year-old shares his trading journey on Instagram, hoping to join the FTMO challenge. As I understand I can't trade 2 minutes before and 2 minutes after news that are marked blue in their calendar. My point is, it never ends. Key rules include: Profit Target: Achieve a certain profit target, The FTMO Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown we allow you to take. Just make sure they stick to FTMO’s risk rules. I trade mostly by intuition and have no idea how to quantify the Strategy / turn intuition into a fixed set of rules. There is no time limit The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. 600 Dollars (27k - 20%). Find something that works atleast 50% win rate and do not ever break rules. Welcome to FXGears. Can you share your experience? Withdrawal process with diff payout FTMO Challenge Rules. . FTMO gives you a demo account with real life "features" such as spread between BID and ASK. No challenge is based on balance or you could start with 50k, have a trade open that’s negative like 20k, and when it goes to 55k you close it and win the challenge. This unique test, devised by FTMO, a prop trading firm, is the To calm down, refine any possible loophole, and getting the money to re-challenge. I have yet to earn that funded acct again. My question is: Can I just open two positions on two separate days and close them right away for a break even, or will it be considered as "cheating"? Thanks in advance for your help! Rules. They're probably manipulating spreads, slippage & swap. many will suggest 1% or aggressive 2% or conservative 0. Upon successful completion of the Evaluation Process, you are offered to trade on a demo FTMO Account with a balance of up to 200,000 USD. I understand what I did wrong too but definitely not taking my chances elsewhere. 33%. Also I'm fairly sure FTMO gives you a demo account after you've passed the challenge, and then they copy the trade onto a real account so there may be 1 pip differences by the time an order is filled which in your case could be huge. While you may have exceeded your maximum loss and daily loss limits and still advanced to phase 2, it's important to remember Welcome to FXGears. You will be able to see if I break any the ftmo rules. I think that the FTMO trading is a good opportunity for traders to get good returns for a small amount. I’ve been trading since I got out of high school 2021. I have been trading since 2020 In trading challenges with prop firms like FTMO, it's essential to adhere to the rules and risk parameters they provide. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, I’m considering starting the FTMO challenge next week for the $10,000 account and was wondering if it’s a good idea. It's been several months. 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. The FTMO If you're trading with a propfirm that has it's own broker ex: MFF -> TGG, FTMO -> FTMO, AFG -> AFG etc. Deleted all his recent posts. Should I go for it na ba? The only hesistation for me in mind is yung money na idedeposit ko for the real challenge lol. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, Passed another ftmo challenge. The extra 60% challenge fee provides traders with double the maximum loss protection, easing rule violation concerns. Things I learned from this challenge The FOMO, the fucking FOMO. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. I think what helped me along the way was that I stopped trading demo or live accounts and confined myself within the FTMO challenges and its rules. Economic releases can be powerful tools for traders, offering valuable insights into market movements. These rules govern their trading activities and risk management strategies during the evaluation period. Keep trading sharp! Step 3 – FTMO Account. Let's say I took part in the $10K challenge, and met all requirements and have an ending balance of $12K, since I hit the target of $1K in 4 days. - Each challenge was done separately, months between one and another. Forex, Crypto, Stocks, etc. For example, I bought at 1. Due to regulatory reasons, bank transfers are not available for payments/withdrawals in the case of the following countries: Venezuela, Cuba, Sudan, and Ukraine. I learned to trade with a family member and when I started 4 months ago I was reading the graphs really well and it was a fun learning experience. ” For me a rule of thumb is the more volatile the pair the smaller the timeframe I trade on Welcome to FXGears. If you reach your 10% you have reached your goal and move to the next challenge. As for high frequency trading (HFT) with an EA, FTMO does not specifically prohibit this type of trading, but they do have some restrictions on the use of EAs. When you become an FTMO Trader, we already know that we can trust your trading skills and abilities to manage risk properly and therefore, we will provide you with top-rated trading conditions in the industry. I read through the all trading rules they have and I got curious about one of those. I submitted a claim. Premium Powerups View community ranking In the Top 1% of largest communities on Reddit. After getting funded I ignored the trading plan and my psychology was in shambles. The challenge is particularly difficult for swing traders. Step 1 - FTMO Challenge; Step 2 - Verification; Step 3 - FTMO Account; Can I trade news? Do I have to close my positions overnight? Which instruments can I trade and what strategies am I We need to be sure that you can trade your system or strategy profitably in the long run while respecting the rules. 7k for 2 days but I wasn’t in the mood today and I placed a bad entry which it touched my stop loss and I placed 3 more after obviously i went even more down. How to start? Before you decide to accept an FTMO Challenge, we want to make sure that you know what you are up against. Getting an FTMO Challenge is your first step towards becoming an FTMO Trader. Through daily Reels, he asks for donations to fund his dream. On the other hand, those who have already completed the FTMO Challenge appreciate that the loss limits have taught them to stick to a trading plan and a strategy, which has led to more consistent results. What most FTMO traders don't realize that non realized losses also count as ''actual loss'' in the FTMO dashboard. I was consistently profitable, I thought I was ready, I started my first FTMO challenge. Most people tend to still take the initial capital before entering the trades (let's say 25. While the profit target doubles, it offers traders a more relaxed environment to Exclusive discounts: 10% off all new purchases of FTMO Challenges and 15% off at the FTMO e-shop during the Premium Programme If you meet the requirements and are eager to explore even greater heights, Quantlane awaits you: Quantlane - Traditional Proprietary Trading Firm. Check out my shared screenshots with FTMO challenge stats for a closer look at the journey to success. com's Reddit Forex Trading Community! Here you can converse about trading ideas, You have trading rules to follow, depending on the firm: trading close to news events, At FTMO, we encourage all traders to avoid these unfortunate situations due to the fact that negative weekend gaps statistically occur more often than the other more-pleasant scenario. FTMO is an online proprietary company that provides capital to traders. You will have superior account conditions in the form of our own FTMO solution with very low commissions and spreads. I succeeded at this in my first challenge. Better stick to rules in this stage so that it doesnt hurt kn long run. FTMO also wants their traders to prove they can mitigate risk. While you're at it, read through Reddit's "reddiquette" here. In this post, we’ll provide you with Hello guys. Theoretically you could complete the entire challenge in a couple of days if you are good enough or get extremely lucky. They are all the same with different rules, just whatever suits you best. 6% and I've almost failed the challenge, I'm not sure how to get out of this but I might need some advice, do I carry on with my strategy and hopefully get 2 wins in a row or do I risk it all with Currently I'm doing the FTMO challenge and I got to the profit target. Mind you the No. com's Reddit Forex Trading Community! Here you can converse about Late seeing this but this is really helpful anyone else got any other information they can give me regarding the FTMO challenge Reply reply Top 1% Rank by size . FTMO developed a unique Evaluation Process for traders, consisting of an FTMO Challenge and a Verification, specifically tailored to discover trading talents. But also in FAQ I read that if TP or SL gets triggered during those news events it can also be considered as breaking this rule? FTMO has specific rules regarding margin usage, but let's clarify the key points: Leverage: FTMO provides a leverage of 1:30. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 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. FTMO Accounts can be increased to a maximum initial balance of $2,000,000! Please refer to the detailed summary table below for a comprehensive breakdown of our scaling plan requirements. There really is no finish line. After the 30 days I was not able to get my account to break even. The working hours during the FTMO Challenge Rules. Max daily loss and account loss are the 2 biggies. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. Mentor App . After a while it seemed better to simplify everything and just look at plain simple price action, I. Also take a look at the smaller accounts so that you get used to the propfirm If you’re a trader who looking to pass the FTMO Challenge and win the Funded FTMO account with real money, you’re in the right place. Obviously read the others rules as well. The first trade went at Is anyone else pissed that they didn’t change it for current challenges too? What a scummy move. If we go to the minimal FTMO challenge that is marketed as a "$10K" account the daily loss limit is $500 and total loss limit is $1,000 and the fee they charge is €155 for a $10K account challenge. 0 coins. You need to demonstrate your experience by sticking to Maximum Loss Rules while making the necessary simulated profits of 10% of initial balance. FTMO Challenge: Step 1. If you want to dig deeper into the customer ratings, you can read further on FTMO Reddit reviews. Please note that trading without a time limit on an FTMO Challenge and Verification is only possible for newly purchased accounts made after the announcement of the campaign, i. 34 votes, 48 comments. Advertisement Coins. The Verification stage has easier Trading Objectives compared to the Unlike traditional trading with brokers where unskilled traders might lose their entire savings very quickly (90/90/90 rule), the FTMO Challenge limits your downside to the size of the entry fee. Thanks man! 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. Account: 2090800614. If we consider a live execution model, then the chances of negative slippage over positive slippage are 3:1 as positive slippage is less likely to take place because of the spread widening between I was consistently profitable, I thought I was ready, I started my first FTMO challenge. Thus, it’s equity based. FTMO is cool with using certain types of EAs (Expert Advisors) on their funded accounts, as long as you follow their rules. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, The rule of thumb I go with is that most strategies are barely above break-even. 210k down. I felt ready, and started my first ever FTMO challenge on Monday gone, ended up making 9% this week and I am around €70 from the profit target of €1000. This information is not shared however, but the rules themselves are pretty easy to survive if you're good at managing risk. 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. Now i m planjing to build my own account alongside ftmo so that these rules dont hurt all that time invested in doing challenges. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, Destiny. But bro, these challenges are designed to evaluate long term profitability. I read through the terms and conditions, but it's not very clear. But somehow, super luckily, passed 1st Phase FTMO challenge on 2 50k accounts. edit: Looks like he took his ball and ran off. I'm no where close to failing this challenge. I was just wondering how people feel about this as these two things were the only “weaknesses” FTMO had in comparison to other prop firms. If the prop firm uses a third party, regulated broker like Eightcap, BBMarket, etc. Even though we can never be sure of what markets are going to do next, by using proper risk management, we can cover our potential losses and aim The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. July 13, 11 am CEST. For Novice Traders: √ FTMO Challenge – Aggressive. Please read the sidebar rules and be sure to search for your question before posting. well reddit go have a field day on this :) I'm going to do it through ftmo free trial that way I can post all results and its more detailed. For example, if you start with $100k, you must NEVER reach $90k or you lose your challenge. Welcome to /r/Netherlands! Only English should be used for posts and comments. This includes managing risk effectively, following trading rules, and maintaining discipline. 00. i would keep trading as usual to show consistency. Then if you lose to any of the parameters, you don't lose all of your money, only 5% or 10% of it. Hello! I already passed ftmo demo trial for 14 days for 3 times already. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. At least, this is my experience. Day 29 I was down 4%. Challenge: 3 stages, each requiring a 6% profit, with a maximum loss of 5%. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. I'm still up 5% in 3 days. com's Reddit Forex Trading Community! Here you can converse about There are others like TopStepFX and Fivers. The rules set up for the simulated trading in the FTMO Challenge are based How do you pass the FTMO Challenge? To pass the FTMO Challenge, you must make a 10% profit on your demo account over 44 days, and you must make trades on at least ten of those days. Will FTMO ban my account FTMO has prohibited the purchases of challenges in the U. So you are paying €155 for the possibility of only getting access to at most $1,000. So you will have to risk smaller amounts like 0. Each part tests a trader’s skill to hit profit targets and follow ftmo rules. If your strategy can help you pass the 10k, then you will pass the 200k. I would suggest anyone taking on these challenges is to take the 10k account and then use winnings to pay for the 200k account. Can I switch my FTMO Account to Let's say you've been trading with FTMO for a year. If you don’t care for FTMO specifically and since your risk management isn’t aggressive, your best bet may be too look at City Traders Imperium or The5%ers as both of these prop firms allow maintaining your positions over the weekend, with the trade-off being more stringent risk management rules as well as a higher number of trades for the Hence, the change is possible after the FTMO Challenge or Verification or after each withdrawal cycle on an FTMO Account. However, after all the euphoria resided I checked my FTMO dashboard to found out that I broke the Daily drawdown limit with only $20🤦. I love practicing with these challenges. 200k more to go. Are you allowed to open a position when news is out within the 2mins or you only allowed to hold trades without opening There are others like TopStepFX and Fivers. Step 1 – FTMO Challenge. Most importantly, have fun! Your trading journey is a marathon, not a sprint. We like active traders who trade smartly, have a clear plan and strategy, and are able to follow the rules of money management and risk management. We will be automatically alerted that you have passed your All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment At FTMO, clients have the same conditions on the Free Trial version, FTMO Challenge/Verification, and then directly on the FTMO Account. com's Reddit Forex Trading Community! Here you can converse about trading ideas We ask that you please take a minute to read through the rules and check out the resources provided before creating a post, What are the account specifications? The account specification can be seen directly in the trading platform. Sorry OP but that's a dumb question. 58 votes, 46 comments. And did my due diligence asking them (the ftmo team) multiple times if i was allowed to hit the 10% target before the 10 day minimum. When you finally learn how to trade consistently and generate profits, the sky is the limit. g. I don't understand why my win rate is 93. 100 k challenge with 40 percent profit keep 10 % no time limit. The price gapped down to 0. The FTMO Challenge is the gateway for traders seeking to demonstrate their prowess in the proprietary trading arena. I think the amount of ppl passing the ftmo challenge and ppl who success in the markets are still on low side. Breaking rules, lack of patience you name it. FTMO's 70/30. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, My main Rules are: I will take 50,000$ account FTMO Challenge account. com's Reddit Forex Trading Community! Here you can converse Just wondering how any funded traders on here deal with the news rule on FTMO, I had a similar question but mine is during the challenge. Tip #1: Understand the Rules and Guidelines. This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. After the 8 weeks if I’m profitable, and stayed within the prop firm rules, then it’s time to take a challenge. Step 1 - FTMO Challenge; Step 2 - Verification; Step 3 - FTMO Account; (e. S. Different challenge types, 400k with a ten percent first month, 5 percent two month after. I just recently got my first FTMO challenge. Many traders will always complain about the strict FTMO Challenge requirements. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Most of the people who pass the challenge do so through sheer luck. FTMO Challenge Rules (Step 1) The Challenge is the 1st step of the evaluation process. Passing prop firm challenges, such as those presented by FTMO, requires a disciplined and strategic approach. After you pass the Evaluation Process (consisting of FTMO Challenge + Verification), and unless your account type is Swing, you should be careful when trading during news releases. FTMO Challenge update, their metrics system once again flagged an inexistent max daily loss violation, while the account both the balance and the equity were in profits. Best to not rely on this as your income and you’ll trade much better. WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. I am young and have very little capital. Remember, in the market, perfection is elusive. I'm not sure about market manipulation but regarding some inconsistencies that I did notice from FTMO is that I did notice server issues that my buy/sell entries didn't get triggered I actually broke rules and closed these way too early git few of those losses breaking rules too. You don’t get any of the profits from the challenge. So you know how there's new rules in the UK regarding tax changes in 2024? It's going to shake up the forex world, especially prop firms. You can pay for an FTMO Challenge via bank wire transfer, debit/credit card, cryptocurrencies, or Skrill. Forex market inherently is tough to survive and add prop firm rules on top of it, the prop firms have all the edge. Rules; Do I have to close my positions overnight? Do I have to close my positions overnight? In an FTMO Challenge or Verification, you don’t have to. Focus on preserving capital by effectively managing risk. Step 1 - FTMO Challenge; Step 2 - Verification; Step 3 - FTMO Account; Can I trade news? We do not place any limit on the number of accounts you can have in the FTMO Challenge and Verification stage. If you have back tested and your strategy can make that much (which I would say is rare) then you can have a chance. Honestly for me its not worth all the rules they have, I’d rather just use my $7k+. I passed my $200k FTMO challenge a while back and am close to payout. FTMO has strategically designed this course to identify and foster trading talents. Yeah, I was gonna say the same. Daily loss was 1250 but mine was 1280$ By using a third-party EA, you potentially run a risk of being denied the FTMO Account if you exceed the maximum capital allocation rule. Now, let’s dive into some actionable tips that will help you pass the FTMO Challenge with flying colors. To understand at what point FTMO will margin call your account, let’s go through the example you provided: Your Trade Example: 3% dd today. The FTMO Challenge duration for all accounts is 30 calendar days. A drawdown is a reduction in the equity value of an investment and an inevitable part of every trading system. Is anyone having a lag on mt4 while trading on ftmo servers? Welcome to FXGears. Same with the 5% on the 2nd challenge. I felt cheated and disappointed. 2. I purchased my first ftmo challenge Questions on Monday and was up like $1. One thing I have noticed with these FTMO challenges though, is to at least try to get out before you reach the max daily loss. There was more luck than skill to it; my biggest problem is that I don’t have a Strategy of any kind yet. I have tried the FTMO challenge a few days and got a very bad and unfair experience. They kept saying I had to wait till the 10 days are over and then i could reach the 10%. FTMO and My Forex Funds and the like, you will have to pay tax on unfortunately as you are offering a service to trade these accounts. The Verification stage is the second and final step toward becoming an FTMO Trader. Rules. Proper risk management in trading is what separates it from gambling. These results are still good imo. To change the trading platform, head to your Account MetriX and click the “Modify” button in the upper section of your MetriX. 01 for the remaining trades to meet the criteria for minimum trading days? You will now lose the challenge if your account balance goes anywhere under 21. Just stick to the rules in then trading objectives from FTMO Funding talent don’t allow bots Welcome to FXGears. OP keeps losing the challenge due to the 5% drawdown rule, so he now deems it unfair. It's perpetually free retries forever if you don't breach the loss rules and have 5% of Welcome to FXGears. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. This includes unrealized losses. As long as you aren’t close to the max loss, you should get another day at least if you are able to get out before the daily drawdown is hit. Please note that platform servers have 200 orders at a time and 2000 max positions per day limitation, just as the limited acceptance of the server messages (orders and order modifications such as updates of TP/ SL and updates of limit FTMO Funding Programs and Challenges: Rules and Requirements. If you believe this was a mistake, please kindly message the mods. My main instrument on FTMO is: Trade the trial FTMO and pass it 3 times in a row. Our FTMO Challenge is the first step of our Evaluation Process. I've heard of other traders facing similar situations where the dashboard shows that the challenge is still ongoing but the matrix analysis shows a violation of the max daily loss rule. Take a look into how they managed to score the FTMO Challenge and what methods they used to pass our Evaluation process. 8 - Win rate of 55-60%. One thing you should know before taking this challenge is that FTMO requires steady traders. This should encourage you to start your journey to become one of our FTMO Traders. So, in addition to being able to experience the platform for free, clients have the opportunity to Rules. That's about as far as his "logic" went. If you manage to pass all requirements, you will proceed to the second and final step of the The funded trader is new but has great reviews. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. Lost my other account which i had freshly passed in like 20-25 days. Can I trade news? In an FTMO Challenge and Verification, you can trade freely during all news releases. I am currently an FTMO Trader. I bought the 10k challenge and plan on working my way up to 100k and just using profits to scale up and pay for the next challenge. But you must first pass a trading challenge with strict rules for a target profit you Facebook-f Twitter Youtube Telegram Discord Reddit Medium Linkedin [email protected] Our Sister Sites. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. Every analyst and financial news outlet is using [] I still hv one account with them. The edge to collect all challenge losers money who are huge in number. via a proprietary trading firm), you have to follow the rules. However, if you can do that, then you are in the game. I'm not perfect. Password: GDMUBF4. Note that this is not the first time it happens If the client demonstrates his/her skills in both the FTMO Challenge and Verification, he/she can apply for a so-called FTMO Account - and thus have the opportunity to receive a real financial reward for this simulated trading (more in the FTMO Account section). More posts you may Welcome to FXGears. It took only a 1. I mean they say spreads are low, etc so there should be no problem. It has a free trial that’s quite tough if you ask me. After passing both phases, you start getting all the profit you make. Sometimes we have bad days but one good thing I never did was increase the lot size. I have a swing account because big news days are my best days, and I focus on smaller profits so 1:30 is sufficient. The bare minimum time needed to pass the challenge and verification is 20 trading days. Maximum Daily Loss: The maximum amount you can lose in a single day, typically 5% of your initial account Good afternoon Traders! I have successfully passed my $100K FTMO challenge. Following is the trade restriction table for our FTMO Traders with specific types of reports and If you make even a cent over the 10K capital, FTMO gives you a free retake. This blog post will introduce you to economic releases and how you can leverage them to make informed trading decisions. Structure of the FTMO Challenge. And jn your case its a good lesskn . 😀Frequent payments: In order to have access to your gains in a timely manner, you can basically request payments from Funding Pips every 5 days (That’s amazing, there are not a lot of prop firms that ofer this. So, if you are truly interested in trying this challenge and you feel you have the experience, skill, and knowledge to do well, then do not hesitate to sign up. FTMO is definitely the best firm. It's hard as I started ftmo challenge and my Forex funds challenge and in 1 week I passed ftmo. I have 2 questions: 1- When have you received your account after passing the challenge? 2- When do I receive the refund for challenge & how do I receive it? Side note: I have tried 7 prop firms since last year. Quadrio offices Purkynova 2121/3, 110 00, Prague Czech Republic [email protected] +420 910 920 So I know that FTMO bans US traders. And our new FTMO Traders have had a [] At FTMO, we encourage all traders to avoid these unfortunate situations due to the fact that negative weekend gaps statistically occur more often than the other more-pleasant scenario. This feedback is very valuable to new traders or What a mess, fomo, revenge trading, up and down all day. etc. That means 30 days is the defined maximum of days available to reach the defined goals. Just had the largest payout I saw of 150 k to someone. com's Reddit Forex Trading Community! Here you can converse about trading ideas We ask that you please take a minute to read through the rules and check out the resources provided before creating a post, OP keeps losing the challenge due to the 5% drawdown rule, so he now deems it unfair. Don't panic towards the end of the challenge to meet the profit target by risking more. Key rules include: Profit Target: Achieve a certain profit target, usually 10% for the Challenge and 5% for the Verification. (once funded the profit target and max loss drop by 1%. The next section of the FTMO review explains the details of the FTMO Challenge, the Verification process and the specific trading objectives. FTMO and other prop firms earn their money on people failing challenges. I can demo trade just fine, I passed 3 ftmo trials one after the other. if you place these small lot sizes just to make sure you pass the challenge, they will see it and let you have the account maybe, but you will end up blowing it. I learned a lot in the past months, backtested a lot every fucking day mate. The 2 major drawdown periods are plain and simply my fault. It might have adjusted my psychology over time. We will be automatically alerted that you have passed your I read through the all trading rules they have and I got curious about one of those. In the FTMO Challenge, traders must show they can make a 10% profit from their starting balance. 10 and put a stop at 1. 25% per trade IMO) Leverage 1:10 No minimum days or trades requirements. Get FTMO Challenge Passing Service and Management. However, we have a maximum capital allocation limit when you are an FTMO Trader, which is $400,000 Talented FTMO Traders who meet our Scaling Plan requirements are rewarded with a 25% increase in their FTMO Account balance and a bigger reward of 90%. New ftmo rules . Just because several ppl bragging it here, does not mean it is so many. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. You need to buy the challenge and then pass both phases. And looking where price moves to. A demo account with fictitious capital where you will have to trade according to our Trading Objectives. 75% when I've made 16 trades and all profitable. but, I practice my strat on Tv but the candles are very different from that of ftmo. Calculating the Margin Call. But at the end of the day "any profit is good profit". com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, Confused about ftmo challenge Prop Firms I see that my daily loss was exceeded though im in profit. Any Questions, feel free to ask. I'm half way. Passing the challenge is easy with a bit of luck but 99% of those who pass the challenge can’t manage to keep the account for more than a month since they would break the rules because they simply don’t know how to trade. Understanding and following the FTMO Challenge rules is vital to passing FTMO Challenge. I have successfully passed my FTMO Challenge, now what? After you pass all the Trading Objectives in your FTMO Challenge, you will see a notification in your Account MetriX informing you about your success, and you won’t need to trade the account anymore as your Trading Objectives are marked as passed. This typically targets bots or users promoting something (which is against our rules). These are the sorts of people who can't be reasoned with. I was quickly off to a bad start, EURUSD was in a bearish trend, I had the bear in mind, but EURUSD turned bull, which is fine, no biggie- I have great risk management, only 20USD was lost. You have to be profitable to be able to make money on their I have gotten funded three times with FTMO before but this is the longest it took for me to pass the challenge this time around. This is the same ratio as 12/10% for reference when comparing with the other programs. Please note that Free Trials don’t give you any eligibility to automatically secure your FTMO Account. As a scalper, I couldn’t imagine holding over the weekend, or even overnight. To ensure you will not be stressed by chasing any targets, we have completely removed the Profit Target requirement to give you the freedom to trade While ordering an FTMO Challenge you can choose Swing as your account type while configuring your order. - To be with other like-minded forex Since then, Ive passed and failed additional challenges, sometimes on Phase 1, sometimes on Phase 2. Your goal is to make 10% in 30 days, while never losing more than 10% of the initial balance. Upon completing the Evaluation Process, traders are offered to enhance their trading skills on an FTMO Account in a demo environment as FTMO Traders with a balance of up to $200,000 in fictitious funds. e impulse, corrective, impulsive etc. This includes setting strict stop loss levels and following position sizing rules so as not to exceed drawdown limits. However, on the FTMO Account, we require you to close your positions just before the markets close for the weekend. What am i missing here? How can i execute my price of entry if u base on Tv which is not on sync with ftmo. I got upset that I closed the trade too early because I would have passed my ftmo challenge in that trade. There is no time limit within which you need to pass the The FTMO Challenge (as well as Verification and FTMO Account) is conducted in a demo trading environment that simulates real market conditions without financial risk other Achieving short-term profit is one thing, but at FTMO it is important to be disciplined in long-term and to follow the risk management rules, which are essential for your account longevity and trading success. Here are a few tips: Know the rules: Make sure you fully understand the rules and conditions of the challenge. The FTMO Challenge is a pivotal gateway for aspiring traders aiming to make their mark in the financial markets. Every trader experiences them. 2 account will do sell and the rest will buy. Very happy with myself and my In this article, we will reveal a few tips to help you pass the test quickly and successfully and win a job in a global company. My FTMO challenge account on metatrader 5 is not mirroring live markets and is not accurate, Welcome to FXGears. During the weekend that has just passed, FTMO announced their account type known as “FTMO Swing” which allows traders to trade news and hold trades through the weekend. If you keep making consistent profits over three months you can gain larger accounts up Traders who undertake the FTMO Challenge are given a set of rules and objectives to meet within a specified time frame. 000) as their The FTMO Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown we allow you to take. This is where things get interesting. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. I tested my EA using FTMO data, if I were to sign up for a challenge, assuming if I can time travel back to the time when this EA was tested, will the results be the same? (I am not asking if this EA will be profitable in the future, just wanted to know how it will differ on live and backtesting) Risk management. I have not loss one trade. We call these rules Trading Objectives. 10% or 0. Remember what time zone you are in. This serves as a testament, however, of how badly designed the FTMO challenge is. nrrgp jtee ksnzsq djk dddjk hkqiw futqqqs royvw pcufbz pebvq