@@FTMOcom i join 10.000 usd challange, and i have problem on how about max daily loss if the matrix account not reset them in the next day. Cause the drawdown make my account -422 but i gain profit ( i dont have lost at all ), but i wait more 24 hour but no reset at all. Cause i read on the rule said every 24 hour its reset again. I email support ftmo but no respond at all. So i dont do trade now till ftmo fix my daily max loss
Well explained Sir, much appreciated. This game needs patience and not a rush into profiteering while neglecting risk management plan attached to 1% Min to 2% Max lot sizing plus stop losses. Now I know that most of those who say FTMO is a scam on Forex Peace Army are not entirely honest because they are not explaining their trading strategy flaws. My time is soon coming Sir to join FTMO. Thank you.
LOL! Me too! I always use smaller risks than these guys/gals. I should actually work to change my lot size more often depending on the quality of the setup.
Trading with 50.0 lots on your first trade risking half your account.... These must be the guys saying FTMO is a scam! 😂 Well I am looking forward to taking the challenge soon! 🙌🏾
@@FTMOcom yes that's true, it's good to have these kinda videos and we can all learn from other people's mistake and avoid the mistakes. Keep up the good videos coming.
50 lots from one trade? There's clearly pattern in the losing and profitable accounts. These reviews give us great feedback and help scale our performances. I was self conscious of my performance till I saw this video. Stop losses are important
Stop losses are important, proper lot size/volume is important. You have to either be a genius with your own island or part of the 95% of idiots to use such an obscene lot size -I don't go passed 2 lots per trade, if these people don't know how to manage risk they should use Stinu or just go back to their 9-5. That first trader using 20lots and only making a couple hundred bucks just to go 5k negative with no SL. I'm so confused at what these people have in their head...
From my view its very relevant to check the Lot used because it shows the risk management the person used, one of the key elements for good trading. I think also its nonsense to trade without a SL, most of the traders on the video failed because they lost most captial by not putting a SL and taking a big loss. Wish you good trading!
Thanks a lot, I have seen my mistakes in the verification stage (big lot size and revenge)and will not repeat itself again. I will bounce forward in my next evaluation,
FTMO is cool and I was thinking of getting into it, but it doesn’t align with my trading style. I’m a long term trader and I d not see myself entering 10 different trades within a month, because I hold my positions. The daily max loss is another obstacle because I trade within supply and demand zone. There’s no way for me to control how far prices go, but I do have disciplined stop losses placed. Good luck to everyone who’s doing the challenge though 😅👍🏽
I always cut my risk when i got drawdown for example after lose 4x 50$ i cut my risk by half on 25$ and take another 4 trades.But when i make +200$ or +100$ i go back to my normal risk per trade.I think we learn more from this fail chalanges then from this succesfull.
Ironically this kind of video is particularly encouraging for me. Even more so than the stories from successful traders in fact. It's because these mistakes are ones that I wouldn't make. I'm gonna take the free trial best week and the challenge in July. If I fail I'll try again until I succeed.
Hey James when u posted this comment 5 months ago I also started my journey with FTMO & last week was actually my first time getting funded.. how’s your journey been?
Great presentation. It really looks like the FTMO crew are very considered in their approach to trader support. I was only introduced less than a week ago but am making an effort to watch the entire video library.
Excellent video, learn from mistakes. But the triad (trading method, psychology and risk management) plus FTMO rules are the map in this journey. I hope that FTMO analysts make and article about this failues. I enjoyed the way to teach from mistakes and reveal the sins of trader. Thanks.
on snap so far I have only dropped 3.00 lots max per trade with 0.75% risk. up 4.3% in 3 days on the 100k. Watching this just helped my confidence. use proper risk management!!!
I am going to sign up for the challenge on ftmo on the end of the month I have been learning forex the entire lockdown. I realised that even the best will lose trades but to be consistent winner you must have maximum 2% Loss on every trade or even 1% loss. Because I was always winning 5 to 8 trades in row and I would lose one trade with high stop loss and that would wipes my all winning trades, and then I would try to win back my winning trades but I would loss more. Best is to have 2% max loss.
@@Mwaura_Wa_Ngunjiri LOL. I'm doing that with demo accounts not with FTMO. I only want them to see my success. I couldn't get their demo to work, but that's besides the point. I'm getting good at using MT4 for sure. :) :D
@@redhoward11 Right. Like I'll use 2% of a small account in a trade, but my stop loss will not be for losing that full amount. Just because you're using .1 lots for example doesn't mean you're risking it all. Not if you're using a good stop loss. .01 lot traded but only .001 risked while always working for a possible much higher upside. - those are the better trades.
one thing they dont say about max daily loss is, say for example you get stopped of a trade and lose $1000 but your next trade you win a $1000 the win don't cancel out the loss. basically its to stop you over trading hope this helps
Some of these Trading accounts are tragic so close yet so far away. A couple of them could have been a sleep at the wheel. Interesting viewing though. On my losing accounts I would put them down to over leverage, which means impatience or over confidence and last not least during this covid 19 lock-down environment significant distractions.
Wowww this is madness....... i dont think they should have another series like this because i remember when i lose before and although what he share was good (regarding the trade discipline) but putting this up on the internet can actually put you in somewhat of a state of giving up.......but thank God that is over am funded now and going for my 2nd 100k funded account
We areglad that you made it through the trenches! We are not planning on reviewing failed accounts regularly, but we still think that it is important to see and learn from mistakes.
So, you should trade as if you have a 10,000 dollar account (max loss) only risking a small percentage of that, instead of thinking you have 100,000 dollars since even risking a small percentage of 100,000 will bring you to the max loss level much sooner. Then the profit target is about 100% if it is also 10,000, not 10% of 100,000.
You have 100 000 USD with 1:100 leverage, which is a huge difference from plain 10 000 USD account. Essentially, you can risk maximum of 10 000 USD and you have to get 10 000 USD - meaning that we want our traders to make at least as much as we are willing to lose, which we consider more than fair. Note, that if you were truly trading on just 10 000 USD Account, you wouldn't be able to open nearly as much volume when you lose capital, which is critical.
@@FTMOcom I am looking at the challenge from a risk management aspect, yes you do get a 100,000 account but if you base a 1 to 2 % risk on 100,000 using that volume, then you are risking 1,000 to 2,000 on per trade. But if your max loss is 10,000 that is only a string of 5 to 10 trades. That is probably why many over risk and trade the challenges, instead, if you base your risk on the 10,000 max loss you are only risking 100 to 200 dollars per trade, but then go from trying to get 10% profits of 100,000 account to 100% of the risk capital 10,000 trying lower volume, but much more realistic position sizes.
@@FTMOcom or u can jst do completed weekly challenges.. jst everything(hopefuli its nt too many)...challenges completed in tht week..passed..failed..almost..verification... and maybe a separate video for funded accounts.
Nice content indeed, we need to learn from other people's mistakes too, that losses were outrageous, probably they would've been better off by flipping a coin and having a RR 2:1
It is the case that markets are always changing and those who can adapt will get better and more profitable over time. Market conditions, however, are never an excuse for poor risk management that you can see in the video.
Another nice video am also on demo account as well just max daily loss seems to work more .. What im doing know calculate my open trades loss pips and then calculate how much pips i can loss when i open a new trades for example if i had 0.1 lot and i have chance to loose daily 1500pips daily .. Next am doing is when i saw my trades gets 20 or 30 pips profit i close half lot and move my sl to entry doing this i secure my profit and minimize my loss..
Thank you for this video. Concerning the maximum loss of 10%, is the limit of 10% allowable loss always calculated on the initial equity, or is the max loss calculated on every current balance at all times?
Hi Chiedu Egwim, The equity of the trading account must not, at any moment during the account duration, decline below 90% of the initial account balance. To better explain the Max Loss Trading Objective, we prepared a video with more information. ruclips.net/video/OUWTVBodOoM/видео.html Thank you for your question, and do not hesitate to contact us again.
quick note: there are quite a few MT4 EA Trade Managers that run in ¨stealth mode...i.e they hide the SL/TP from the broker and execute them as Market Order when required. So trader nr 2 could have been using SL on all trades; but he was just a bad trader :)
That's very interesting indeed. I suppose some very successful traders may wish to hide their strategy from the broker as there have been plenty of stock trading brokers which sell the information about their traders to other brokers. However, if it's the challenge that I think I remember - short term memory already fading - with a sudden huge loss, I think stop loss was forgotten or was emotionally extended, if it was a shadow stop loss...I really think that really bad trade didn't have a stop loss at all.
Do you check the DEMO account and give your valuable opinion on that account as you do for the real challenge? I am going to get a funded account or not, that is not the issue here. I am so happy that I am on the right track of learning FOREX. I became addicted to your Channel. Great staff to learn especially from the unsuccessful accounts. Thanks a lot.
Hello Mohammad, we are glad that you like our content! To be evaluated, you actually do have to participate in the real Challenge, so if you do not feel like you are ready just yet, feel free to just trade on the Free Trial for now.
Hi Ahmad Madni, The Trading Objective of Max Daily loss differs from normal risk FTMO account to agressive risk FTMO account. For normal risk FTMO account your Trading Objective is to have less than 5% o daily loss, for the aggressive account it is 10%. For example: You have normal risk account and your current balance is 10 000 USD. If your loss today exceeds more than 500 USD, you have violated our Trading Objective. Is it clear now? I hope it is and if you have any more question please, feel free to ask! Best regards.
percentage is calculated as this : (%) multiplied by equity ,so, if you have 100 000 equity and your % daymax.loss is 5 then 0.05 multiplied by 100 000 = 5000 Dollars , that means if you lost 5000 Dollars in a day then you failed and bye bye!Hahahahaha
way more tricky than it looks, almost appears as though if you don't have a very tight stop loss, you cant have more than 3 open positions at any one time for fear or violating that rule.
I passed both the challenge and verification. The rules they have set in place are superb. I risk only 2% with 20/30 pips Stop Loss. Just gotta nail your entries the right way.
How many times 'free repeat' of the challenge will you give us? I have a good risk management, but 10% target for 30 days is a real challenge for my strategy.
As long as : 1) didn't go below starting equity (10k/25k/50k/100k/200k) 2) didn't exceed MAX DAILY LOSS 3) DIdnt exceed Max Loss. 4) end the month with positive
We allow it, but according to the contract you have to inform us about such activities. If you need more information in this regard, please contact our customer support.
@Desmond Schinkel Unless it's the early stages overall account drawdown isn't profitable trading. Its important to focus on reducing losses and consistent trading that's why they're negative.
if i take 100k and still have open position , and the P/L touch -5100 then after closed the trade on Profit , is it still violated the max Daily loss ? looking forward your reply ..
Hi IM Camm, This is not a silly question at all. If you hit the profit target before reaching the minimum trading days, you have successfully passed the Trading Objectives of profit target. Now you have to pass also the Trading Objective of minimum trading days to pass the FTMO Challenge. Thank you for your questio, and feel to ask anything else. Best regards
Wow! This video inspired me more than the video showing challenge passers.. I can do better than them on my demo acct. (They should be more conservative, I think). But I know there will be pressure and other emotions dealing with real money so more practice for me and master trading psychology before starting the challenge.. LET'S GO GET IT🤑
Hi TheElihou, That is correct. You will get a free repeat for the FTMO Challenge. Thank you for your question, and do not hesitate to contact us again. Best regards
Hi Mounir Money, During the evaluation process (FTMO Challenge and Verification) we are allowing trading overweek. But when you finally become FTMO trader, we do not provide this service. You can individually ask our support team to hold the trade overweek, but you have to ask them specifically sooner before the weekend starts. Have a nice day
Can you further elaborate? On the failed challenges, they often go for a big finish with too many lots. What's a scenario where different lot sizes are helpful? For example. If I have a winning or losing streak my lot size needs to go down. This is a pattern I have seen which prevents better success.
These traders were swinging for the fences. Some were trying to hit home runs on almost every trade. There are clear signs of revenge trading and gambling. I can't stop laughing at the 50 lot size. I hope to try the challenge myself. Maybe next year.
I heard open positions are counted as loss. May I please know if the open positions are counted as loss after 24 hours, which is at the end of the day or it’s recorded at any point in time? This is a very important question, it’s exactly what is holding me back from joining your company. Thanks.
Yes, open losses are counted towards the loss limits. So let's say that you have this open position that is in -4000 USD on your 100 000 USD Challenge. Since your Max Daily Loss limit is set to 5 000 USD, you are ok. If you hold this position (and the loss does not change) until midnight CET when the Max Daily Loss limit resets, you will be now able to lose 5 000 USD more, even with your open loss of -4000 USD. I would highly recommend reading through the description of this Trading Objective to fully understand it: ftmo.com/en/welcome/#maximum-daily-loss
i have a question on max day loss lets say one loses like 600dollars but before the day ends manages to end up in profits will he/she still lose the challenge
Hello Darren, Mac does not support MT4, but there is a way to install it. It is not very easy, but you can have a look here www.metatrader4.com/en/trading-platform/help/userguide/install_mac We are in final stages of development of mt5 for our FTMO Platform but the exact release date is not yet set.
Suppose you become a funded trader and then if you fail the condition then what happens ? What happens to the profits if he had made in that funded account ?
@@FTMOcom If one chooses to continue with FTMO after this breach that led to the funded account being closed, can he/she be permitted to start all over again from the Challenge stage?
I’m new to the challenge. If I’ve completed the minimum trading period on a 10k account in 10 consecutive days, having met all the objectives: will I move to the verification process automatically after those 10 days?
If I start with the lowest challenge, 10k, can I step up to the next ones as I pass them? Meaning, if I complete the 10k, can I then do the 25k, then 50k, then 100k and keep them all?
Please can you do a video explaining the Max daily loss and the max loss because it's a bit confusing. If max daily loss is $5000 and max loss is $10,000 on an account of $100k, does it mean that a cumulative open trades losses not yet close will accrue to the max daily loss and may eventually lead to violation of that criteria?
Quick question. It says there's a minimum of 10 trading days. Does that mean there have to be 10 minimum days that I enter in a position. or would it be possible to enter in (for example) on Monday and exit on Wednesday. Would that entry qualify as technically trading for 3 days?
Hi louis anaya, More information about Trading Days is here: ftmo.com/en/#minimum-trading-days Thank you for your question, and feel free to ask anything else. Best regards
I cannot stress how FTMO has helped me with my risk management and discipline with my system. Thank you FTMO
We are glad to hear that!
FTMO are putting some good contents on youtube .keep it up.
We will do our best to keep our clients and viewers satisfied!
@@FTMOcom Once a period is done...do you reset the Maximum Loss or its cumulative loss
Ftmo i wanna wiil join your clients
@@FTMOcom i join 10.000 usd challange, and i have problem on how about max daily loss if the matrix account not reset them in the next day.
Cause the drawdown make my account -422 but i gain profit ( i dont have lost at all ), but i wait more 24 hour but no reset at all. Cause i read on the rule said every 24 hour its reset again. I email support ftmo but no respond at all. So i dont do trade now till ftmo fix my daily max loss
Well explained Sir, much appreciated. This game needs patience and not a rush into profiteering while neglecting risk management plan attached to 1% Min to 2% Max lot sizing plus stop losses. Now I know that most of those who say FTMO is a scam on Forex Peace Army are not entirely honest because they are not explaining their trading strategy flaws. My time is soon coming Sir to join FTMO. Thank you.
looking at those faliures actually gives me more confidence to pass the challenge.
We are glad that it helped!
I was thinking the same.
LOL! Me too! I always use smaller risks than these guys/gals. I should actually work to change my lot size more often depending on the quality of the setup.
@@tradingnichols2255 how are your trading doing by now?
This is the best eye opener into how FOMO works.
Trading with 50.0 lots on your first trade risking half your account....
These must be the guys saying FTMO is a scam! 😂
Well I am looking forward to taking the challenge soon! 🙌🏾
Clearly you dont know what Risk % of your account is
LMAO !! I burst out laughing looking at the 2nd traders account.
What was he thinking ?
To become Warren buffet at one night
i was shocked. he needs a good teacher.
Unfortunately, we never know the situation of each trader, but we hope that everyone will be able to improve and learn from their mistakes.
@@FTMOcom yes that's true, it's good to have these kinda videos and we can all learn from other people's mistake and avoid the mistakes. Keep up the good videos coming.
If he traded the reverse
50 lots from one trade? There's clearly pattern in the losing and profitable accounts. These reviews give us great feedback and help scale our performances. I was self conscious of my performance till I saw this video. Stop losses are important
Stop losses are important, proper lot size/volume is important. You have to either be a genius with your own island or part of the 95% of idiots to use such an obscene lot size -I don't go passed 2 lots per trade, if these people don't know how to manage risk they should use Stinu or just go back to their 9-5. That first trader using 20lots and only making a couple hundred bucks just to go 5k negative with no SL. I'm so confused at what these people have in their head...
Like in all ventures. There are people they who think they can, and there are people who think they can't, and both will be right!
Thanks for this video. Please keep sharing more about failed challenges as they teach you important lessons.
From my view its very relevant to check the Lot used because it shows the risk management the person used, one of the key elements for good trading. I think also its nonsense to trade without a SL, most of the traders on the video failed because they lost most captial by not putting a SL and taking a big loss. Wish you good trading!
Thanks a lot, I have seen my mistakes in the verification stage (big lot size and revenge)and will not repeat itself again. I will bounce forward in my next evaluation,
We wish you the best of luck with that!
I love the professionalism of FTMO
FTMO is cool and I was thinking of getting into it, but it doesn’t align with my trading style. I’m a long term trader and I d not see myself entering 10 different trades within a month, because I hold my positions. The daily max loss is another obstacle because I trade within supply and demand zone. There’s no way for me to control how far prices go, but I do have disciplined stop losses placed. Good luck to everyone who’s doing the challenge though 😅👍🏽
Existe la cuenta Swing
I always cut my risk when i got drawdown for example after lose 4x 50$ i cut my risk by half on 25$ and take another 4 trades.But when i make +200$ or +100$ i go back to my normal risk per trade.I think we learn more from this fail chalanges then from this succesfull.
That is a very nice system!
do you risk a fixed amount or percentage?
@@williamsodonon7081 fixed amount
@@LukaszAdams you should try percentages. 2% of your balance. You might find it better. There are apps and sites for that
@@williamsodonon7081 I know pros and cons both methods and i use % method long time and i like much more risk per amount.
Much appriciated ..... mostly on not having strong psychology
Ironically this kind of video is particularly encouraging for me. Even more so than the stories from successful traders in fact. It's because these mistakes are ones that I wouldn't make. I'm gonna take the free trial best week and the challenge in July. If I fail I'll try again until I succeed.
Hey James when u posted this comment 5 months ago I also started my journey with FTMO & last week was actually my first time getting funded.. how’s your journey been?
Great presentation. It really looks like the FTMO crew are very considered in their approach to trader support. I was only introduced less than a week ago but am making an effort to watch the entire video library.
so, after learning a lot, are you rich now?
Excellent video, learn from mistakes. But the triad (trading method, psychology and risk management) plus FTMO rules are the map in this journey. I hope that FTMO analysts make and article about this failues. I enjoyed the way to teach from mistakes and reveal the sins of trader. Thanks.
please more, because that is the reallity
This is what i call comedy😂😂🤣, you can tell the story by looking at the graph.
Unfortunatley, that is the case majority of the time.
1st trade - half of the account wiped
🤣😂
Imagine his reaction on that lol
on snap so far I have only dropped 3.00 lots max per trade with 0.75% risk. up 4.3% in 3 days on the 100k. Watching this just helped my confidence. use proper risk management!!!
Great Video. I am thinking of switching to FTMO. Rightnow, I am with THE PROP TRADING, Step 1. Let me see what happens when I trade with their money.
I passed the challenge todAy. Waiting for the verification stage....
Congrats !!!
Sweet! How has verification gone, or is going for you? Seeing this comment a month later, I'd love to hear how you're doing.
Can u please teach me a statergy I have some knowledge about market
@@indianbeast5168 extreme trader channel youtube will be helpful!
Really nice evaluating the failed challenges
I am going to sign up for the challenge on ftmo on the end of the month I have been learning forex the entire lockdown. I realised that even the best will lose trades but to be consistent winner you must have maximum 2% Loss on every trade or even 1% loss. Because I was always winning 5 to 8 trades in row and I would lose one trade with high stop loss and that would wipes my all winning trades, and then I would try to win back my winning trades but I would loss more. Best is to have 2% max loss.
We definitely agree, revenge trading is something that has to be avoided.
2% still huge if you are day trading. You will easily violate the max daily loss.
Take up the free trials until you pass the objectives at least twice
Your max risk per trade should be .2% not 2%...
@@Mwaura_Wa_Ngunjiri LOL. I'm doing that with demo accounts not with FTMO. I only want them to see my success. I couldn't get their demo to work, but that's besides the point. I'm getting good at using MT4 for sure. :) :D
@@redhoward11 Right. Like I'll use 2% of a small account in a trade, but my stop loss will not be for losing that full amount. Just because you're using .1 lots for example doesn't mean you're risking it all. Not if you're using a good stop loss. .01 lot traded but only .001 risked while always working for a possible much higher upside. - those are the better trades.
one thing they dont say about max daily loss is, say for example you get stopped of a trade and lose $1000 but your next trade you win a $1000 the win don't cancel out the loss. basically its to stop you over trading hope this helps
We appreciate more videos like this.
Quality not quantity 🔥
Some of these Trading accounts are tragic so close yet so far away. A couple of them could have been a sleep at the wheel. Interesting viewing though. On my losing accounts I would put them down to over leverage, which means impatience or over confidence and last not least during this covid 19 lock-down environment significant distractions.
I'm on my challenge ❤
This video must help and inspire the new comers.
How about reviewing FUNDED traders?
Thank you for your feedback, we will put it on the list and see what we can do!
uploaded today! go check it!
Haha. I've watched a few of those. Seeing how people fail is good too. :)
Great video, mate. Please do more of these kind. Cheers
thank you for this video....i challenge 8 times on FTMO....slowly i can manage risk properly
How much free repeat if we can’t surpass the challenge?
@@setanimutat the end of the date just keep your balance positive..
Wowww this is madness....... i dont think they should have another series like this because i remember when i lose before and although what he share was good (regarding the trade discipline) but putting this up on the internet can actually put you in somewhat of a state of giving up.......but thank God that is over am funded now and going for my 2nd 100k funded account
We areglad that you made it through the trenches! We are not planning on reviewing failed accounts regularly, but we still think that it is important to see and learn from mistakes.
So, you should trade as if you have a 10,000 dollar account (max loss) only risking a small percentage of that, instead of thinking you have 100,000 dollars since even risking a small percentage of 100,000 will bring you to the max loss level much sooner. Then the profit target is about 100% if it is also 10,000, not 10% of 100,000.
so my strategy needs to be able to make a 100% profit over the 30 days (20 trading days)... that is more of a challenge.
You have 100 000 USD with 1:100 leverage, which is a huge difference from plain 10 000 USD account. Essentially, you can risk maximum of 10 000 USD and you have to get 10 000 USD - meaning that we want our traders to make at least as much as we are willing to lose, which we consider more than fair. Note, that if you were truly trading on just 10 000 USD Account, you wouldn't be able to open nearly as much volume when you lose capital, which is critical.
@@FTMOcom I am looking at the challenge from a risk management aspect, yes you do get a 100,000 account but if you base a 1 to 2 % risk on 100,000 using that volume, then you are risking 1,000 to 2,000 on per trade. But if your max loss is 10,000 that is only a string of 5 to 10 trades. That is probably why many over risk and trade the challenges, instead, if you base your risk on the 10,000 max loss you are only risking 100 to 200 dollars per trade, but then go from trying to get 10% profits of 100,000 account to 100% of the risk capital 10,000 trying lower volume, but much more realistic position sizes.
Please make a video about unsuccessful challenges that were very close!
We will add it to the list of idea, unfortunately in such video, we wouldn't be able to provide so much feedback.
@@FTMOcom or u can jst do completed weekly challenges.. jst everything(hopefuli its nt too many)...challenges completed in tht week..passed..failed..almost..verification... and maybe a separate video for funded accounts.
Great video with lots of information to take from😎. Thank you very much. I am looking forward for similar videos!!!
i was waiting for one of my fails to show up lol...
me too....
LOL same
Nice content indeed, we need to learn from other people's mistakes too, that losses were outrageous, probably they would've been better off by flipping a coin and having a RR 2:1
We agree that it is important to learn from mistakes and those do not have to be your mistakes!
flipping coin has 1 to 1 ! 50/50
@@Kikuk529 you didn't understand the message, read it again
Crazy the first dude was right about GBPUSD Market Conditions are ridiculous right now
non important so your going to tell me that due to everything going on right now. We are in a regular market?
It is the case that markets are always changing and those who can adapt will get better and more profitable over time. Market conditions, however, are never an excuse for poor risk management that you can see in the video.
Another nice video am also on demo account as well just max daily loss seems to work more ..
What im doing know calculate my open trades loss pips and then calculate how much pips i can loss when i open a new trades for example if i had 0.1 lot and i have chance to loose daily 1500pips daily ..
Next am doing is when i saw my trades gets 20 or 30 pips profit i close half lot and move my sl to entry doing this i secure my profit and minimize my loss..
Yes, lately my minimal gains are when I move my stop loss instead of taking profit. I'm still at a 60% win rate, but I need to work on higher wins.
Thank you for this video. Concerning the maximum loss of 10%, is the limit of 10% allowable loss always calculated on the initial equity, or is the max loss calculated on every current balance at all times?
Hi Chiedu Egwim,
The equity of the trading account must not, at any moment during the account duration, decline below 90% of the initial account balance.
To better explain the Max Loss Trading Objective, we prepared a video with more information. ruclips.net/video/OUWTVBodOoM/видео.html
Thank you for your question, and do not hesitate to contact us again.
Excellent video and very informative, Thanks
I'm yet to understand this but will sign up and try.. I hope my 50Pip a day target will give me a pass to the challenge..
think of % growth bro. pip target isn't as important in price action trading. have a plan and stick to it!
RRR ?
Good to see this analysis. What is the leverage for the challenge account?
Hello Kansalsero,
Most accounts have levarage 1:100. Accounts at Admiral Markets have 1:50 though.
@@FTMOcom As you have big equity,there is no need to leverage at all! 1 to 5 or 10 is very enough!
The First Trader Allowed Ego To Take Place, He Felt As If He Was Invisible Therefore Disregarded Some Of His Rules...
Wow such amazing insight into a complete strangers mind.
I´m just curious, how many people go all in at the first few days and blow immediately?
Seriously-72k...
Did it on my free trial
@@ginoferretti6865 where did you get that number though
@@leversandpulleys9274 6:15 Max Daily loss
Hello Lukas,
We do not have such statistics at hand. There certainly are some.
quick note: there are quite a few MT4 EA Trade Managers that run in ¨stealth mode...i.e they hide the SL/TP from the broker and execute them as Market Order when required. So trader nr 2 could have been using SL on all trades; but he was just a bad trader :)
That is a possibility, but we think unlikely. Thank you for the shared information!
That's very interesting indeed. I suppose some very successful traders may wish to hide their strategy from the broker as there have been plenty of stock trading brokers which sell the information about their traders to other brokers.
However, if it's the challenge that I think I remember - short term memory already fading - with a sudden huge loss, I think stop loss was forgotten or was emotionally extended, if it was a shadow stop loss...I really think that really bad trade didn't have a stop loss at all.
Very interesting topic and also thanks for the enlightenment. Side note you should look up the *THE SEMYON TCHERNENKO STRATEGY* Thank me later
You should increase no of days for challenge from 30 calendar days to 30 working days.
No because they look for 10% per month
Hello Rizwan.There is a reason why the first stage is called the Challenge.
If you don’t find a setup can you skip a day or do you fail if you don’t trade every day?
Is there any target for profit? Or should we reach particular lot per day while doing the challenge??
Its my time to shine
Excellent analysis! Thank you.
Great inside information!
Do you check the DEMO account and give your valuable opinion on that account as you do for the real challenge? I am going to get a funded account or not, that is not the issue here. I am so happy that I am on the right track of learning FOREX. I became addicted to your Channel. Great staff to learn especially from the unsuccessful accounts. Thanks a lot.
Hello Mohammad, we are glad that you like our content! To be evaluated, you actually do have to participate in the real Challenge, so if you do not feel like you are ready just yet, feel free to just trade on the Free Trial for now.
alot of useful advices, tks so much Sir !
Plz make a video in daily max loss according to your today permitted loss
Hi Ahmad Madni,
The Trading Objective of Max Daily loss differs from normal risk FTMO account to agressive risk FTMO account. For normal risk FTMO account your Trading Objective is to have less than 5% o daily loss, for the aggressive account it is 10%.
For example: You have normal risk account and your current balance is 10 000 USD. If your loss today exceeds more than 500 USD, you have violated our Trading Objective.
Is it clear now?
I hope it is and if you have any more question please, feel free to ask!
Best regards.
percentage is calculated as this : (%) multiplied by equity ,so, if you have 100 000 equity and your % daymax.loss is 5 then 0.05 multiplied by 100 000 = 5000 Dollars , that means if you lost 5000 Dollars in a day then you failed and bye bye!Hahahahaha
FTMO are doing a great job
Maiskudayda walibsxb
Is it compulsory to trade with a stop loss when trading on the challenge account and after
the daily is the accumulation of daily losses and actual drawn down, which make you in tight position....
way more tricky than it looks, almost appears as though if you don't have a very tight stop loss, you cant have more than 3 open positions at any one time for fear or violating that rule.
I passed both the challenge and verification. The rules they have set in place are superb. I risk only 2% with 20/30 pips Stop Loss. Just gotta nail your entries the right way.
@@darwinparedes2646 yeah! Well done to you! Needs calculation and precision
Congratulations and welcome to the FTMO Traders!
How many times 'free repeat' of the challenge will you give us? I have a good risk management, but 10% target for 30 days is a real challenge for my strategy.
Up your risk
As long as :
1) didn't go below starting equity (10k/25k/50k/100k/200k)
2) didn't exceed MAX DAILY LOSS
3) DIdnt exceed Max Loss.
4) end the month with positive
He is really a one night Stander 😂
cant wait to see my two failed attempts here, 3 times lucky next one is a sure thing
Do you allow your funded traders to be in other funding programs?
We allow it, but according to the contract you have to inform us about such activities. If you need more information in this regard, please contact our customer support.
Thank you, that was really helpful!
If you don’t exceed the daily and overall loss but finish negative can you get a refund or do you have to pay again?
on average how many months do verified traders last before they violate one of the rules and lose their account?
Not long...we both know that. However managing risk is the holy grail
If your profitability is guaranteed you should be able to prevent loss by compounding.
@Desmond Schinkel Unless it's the early stages overall account drawdown isn't profitable trading. Its important to focus on reducing losses and consistent trading that's why they're negative.
About the minimum days ... what if I don’t find any setups in those first days or week
Since we do not set how big of a volume you have to open, you can always try even weaker setups opening really small amount of lots.
if i take 100k and still have open position , and the P/L touch -5100 then after closed the trade on Profit , is it still violated the max Daily loss ? looking forward your reply ..
If you started with 100k and dipped to -5100 in one day, that would count as Max Daily Loss limit violation.
Definitely signing up this month
We are looking forward to seeing your results!
what if you hit your profit target before you reach minimum trading days? might sound silly but its an honest question
Hi IM Camm,
This is not a silly question at all.
If you hit the profit target before reaching the minimum trading days, you have successfully passed the Trading Objectives of profit target. Now you have to pass also the Trading Objective of minimum trading days to pass the FTMO Challenge.
Thank you for your questio, and feel to ask anything else.
Best regards
Do i have to open an account with your partner brokers? Real or even demo is okay?
Thank you for this video!! It's very useful!
We are glad that it was helpful!
Wow! This video inspired me more than the video showing challenge passers.. I can do better than them on my demo acct. (They should be more conservative, I think). But I know there will be pressure and other emotions dealing with real money so more practice for me and master trading psychology before starting the challenge.. LET'S GO GET IT🤑
arabic proverb: Your sword is very sharp when you are not in battle-yard !Hahahahaha
@@Kikuk529 hahaha.. Sure brother.. And, still now I'm on FTMO free trial hahaha..
Hello,
is the rule about if the challenge ends in profit it's possible to do it again, still relevant today?
Hi TheElihou,
That is correct. You will get a free repeat for the FTMO Challenge.
Thank you for your question, and do not hesitate to contact us again.
Best regards
Maybe they can rename the max daily loss, and max loss to max equity daily loss and max equity loss. Just to put more specificity on this metric.
Thank you for your feedack, it is very valuable to us. We have passed it on to the managementand we will see where it will take us.
If you have a trade in overweek do your account getting canceled? During the challenge process?
Hi Mounir Money,
During the evaluation process (FTMO Challenge and Verification) we are allowing trading overweek. But when you finally become FTMO trader, we do not provide this service. You can individually ask our support team to hold the trade overweek, but you have to ask them specifically sooner before the weekend starts.
Have a nice day
I see a lot of lot size changes that’s a bad idea stick to the same lot and strive for consistent wins
Can you further elaborate? On the failed challenges, they often go for a big finish with too many lots. What's a scenario where different lot sizes are helpful?
For example. If I have a winning or losing streak my lot size needs to go down. This is a pattern I have seen which prevents better success.
200+ trades in 6 days????!! thats insaneee. i did 25 trades last week and thought that was alot
U need just 1 trade per day with good RRR ! That is all!
Does FTMO have any special cases where they let people repeat if they very close or have special cases?
These traders were swinging for the fences. Some were trying to hit home runs on almost every trade. There are clear signs of revenge trading and gambling. I can't stop laughing at the 50 lot size. I hope to try the challenge myself. Maybe next year.
Thank you
Thanks for good information
I heard open positions are counted as loss. May I please know if the open positions are counted as loss after 24 hours, which is at the end of the day or it’s recorded at any point in time? This is a very important question, it’s exactly what is holding me back from joining your company. Thanks.
Yes if they are in drawdown they are counted in the daily loss. It starts over everyday though.
Yes, open losses are counted towards the loss limits. So let's say that you have this open position that is in -4000 USD on your 100 000 USD Challenge. Since your Max Daily Loss limit is set to 5 000 USD, you are ok. If you hold this position (and the loss does not change) until midnight CET when the Max Daily Loss limit resets, you will be now able to lose 5 000 USD more, even with your open loss of -4000 USD. I would highly recommend reading through the description of this Trading Objective to fully understand it: ftmo.com/en/welcome/#maximum-daily-loss
i have a question on max day loss lets say one loses like 600dollars but before the day ends manages to end up in profits will he/she still lose the challenge
I am having trouble loading MT4 on to my MacBook Pro and also MT4 to my old windows laptop can we use MT5 to trade?
Hello Darren, Mac does not support MT4, but there is a way to install it. It is not very easy, but you can have a look here www.metatrader4.com/en/trading-platform/help/userguide/install_mac
We are in final stages of development of mt5 for our FTMO Platform but the exact release date is not yet set.
5:56 he in full margin mode
Suppose you become a funded trader and then if you fail the condition then what happens ? What happens to the profits if he had made in that funded account ?
Hello Srinivas,
The remaining FTMO Account profit would be split 70-30 and then the account would be closed.
@@FTMOcom If one chooses to continue with FTMO after this breach that led to the funded account being closed, can he/she be permitted to start all over again from the Challenge stage?
good idea!
Great review!
I’m new to the challenge. If I’ve completed the minimum trading period on a 10k account in 10 consecutive days, having met all the objectives: will I move to the verification process automatically after those 10 days?
If I start with the lowest challenge, 10k, can I step up to the next ones as I pass them? Meaning, if I complete the 10k, can I then do the 25k, then 50k, then 100k and keep them all?
Yes, you can start as many Challenge Accounts as you want. The only limit in thi regard is, that you can not have more than 300 000 USD in funding.
That is so key 🔑 to success
Awesome content.
Please can you do a video explaining the Max daily loss and the max loss because it's a bit confusing. If max daily loss is $5000 and max loss is $10,000 on an account of $100k, does it mean that a cumulative open trades losses not yet close will accrue to the max daily loss and may eventually lead to violation of that criteria?
How many traders are you looking for fund? Will there be a maximum?
We currently have not set limit - as long as we are able to find new profitable traders, we will be glad to have them on board.
@@FTMOcom that's good news. I've become an affiliate and will start looking for profitable traders
@@FTMOcom I think by clicking reply which tags the usernsme, it ensures the recipient receives the notification of a reply :)
Does previously failing ftmo effect ur new ftmo
Quick question. It says there's a minimum of 10 trading days. Does that mean there have to be 10 minimum days that I enter in a position. or would it be possible to enter in (for example) on Monday and exit on Wednesday. Would that entry qualify as technically trading for 3 days?
Hi louis anaya,
More information about Trading Days is here: ftmo.com/en/#minimum-trading-days
Thank you for your question, and feel free to ask anything else.
Best regards