Ftmo drawdown rules reddit But once you have the funded account, there's no reason to take any risk that will blow your account. Customer Service SUPER fast and responsive. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the Reddit app Ftmo rule breach Prop Firms Hi, i am in 2nd month of my ftmo account, today while cpi i had a trade open and my stop loss was at breakeven. I am a swing trader and I have been trying to limit myself to the 5% draw down rules of MyForexFunds and I find it difficult as I end up closing trades a lot earlier to limit myself to the 5%drawdown limit of unrealized profit. Another point to note is that trading with own money is always better and profitable in long term. Let’s say I buy a 10K FTMO account, if I do a trade which the floating loss is 1% but end up in profit and then I do another trade which also end up in 1% floating loss but end up in profit too, will my total loss for the day will be 1% or 2% thanks 🙏 Their business model still allows them to profit out of the traders who can't. Are you willing to let the drawdown all the way to 50% of your account? or perhaps only 30% before For FTMO, the two trials involve more luck that normal trading due to the time constraint. There isn’t a straight answer because it depends on trading style and risk. They've been around the longest, have the most experience, and it shows. 2 on FTMO. I'd try UltraCap Trading or Ment Funding. Constantly have to jump in and out of trades due to news or the weekend. but, I practice my strat on Tv but the candles are very different from that of ftmo. Instead, the max trailing drawdown jumped up to 100k, meaning I've pretty The FTMO funded trading program has specific rules that guide the traders in their conduct as well as describe the expectations and the targets that need to be met for traders to complete each stage of the program. Daily Drawdown: The daily drawdown is a metric used by FTMO to monitor your trading performance. the better. Drawdown Wir können es überall sehen. 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 allowed to use? What is 'Trading according to a real market?' FTMO Account. 5% per trade on live account. Can I switch my FTMO Account to FTMO Account Swing? Yes, you can. You need to read carefully rules and TOS and see how you manage them on live market. What is the legal relationship between an FTMO Trader and FTMO after signing the FTMO FTMO has carefully calculated and set up targets which are unrealistic, high chance for even a good trader to fail, to make 10% in 20 trading days (1 month) you are forced to open larger lot sizes to meet the target but when you do if market goes the other way only a little bit you end up failing the challenge because of the 5% daily drawdown rule, odds are basically against you, As I'm wrapping up with my FTMO challenge, one thing I would like to know but cannot find any information on is once you become an FTMO trader, what happens at your monthly profit split if your account is in a slight loss but you FTMO normal account is trash. No stress trading on live account as we don't have time limit. No issues. After having the funded account you don’t have any monthly profit target. If you can't manage You then trade with that funded account and every month if you close in the green then you have the option to either withdraw the money or to keep it in your account to give you a larger drawdown buffer. Novice traders who want to pass FTMO Challenge should not only be concerned with the Maximum Loss or Maximum Daily Loss rules. 10% a month on funded accounts could be huge, there’s $1. Essentially, if you have a trailing drawdown of 2. FTMO's website says "daily drawdown is calculated based on balance or equity whichever is higher", NOT only balance. My question is does this apply to both the first and second stage? Also do I get the re-try if I'm just $1 in profit without breaking drawdown rules? Share Sort by: Best. Due to volatility that got hit and now i’m scared that i will lose the account. Unsere FTMO Challenge ist der erste Schritt unseres Evaluierungsprozesses. You have twice as long. That doesn't mean passing the eval isn't more cumbersome than other prop firms. Here is a formula to calculate the Absolute Drawdown: Absolute Drawdown = Initial Deposit - Minimal Equity If we take as an example an Initial Balance of $100,000 and we have a ma The combined FTMO Accounts need to be at least at their initial account balance to be merged and meet the following conditions: The FTMO If you prefer to keep your Reward on account to grow and accordingly build up your balance and drawdown buffer, you can do so. Note that the drawdown rules don’t change between steps and are also a part of the FTMO funded account rules. I recently broke these rules and they withdrew more than i had made off the trades no idea how they worked it out. Actually I think everybody I keep losing to the relative drawdown rule. MFF is the one with dodgy rules Reply reply Many_Assumption3249 • Nope, it counts open trades read the rules carefully !! Reply reply holycarrots • Yes, but only in relation to your balance. Reply reply Crypto2Forex2022 Because you only need 5% to pass don’t let that fool you. ftmo and other prop firm offer swing account means less leverage and less margin . I'm currently recycling my profits for more Beeing happy about the possibility to have bigger drawdown is asking for trouble. OP keeps losing the challenge due to the 5% drawdown rule, so he now deems it unfair. Ive been banned by several prop firms because they are not looking for successful traders. Yes you’re getting It took only a 1. Also, I approach my prop firm accounts the way that you describe: Max Drawdown is my Account Balance in my mind. In order to become an FTMO Trader, you will have to pass our 2-step Evaluation Process. Typically with most proprietary firms, you will be able to get 80% of whatever you make. So I've been trying to pass my ftmo challenge for two months without succeding, and I came across an ad of a service that passes your challenge and manages your account. 555*0. Also, for those who have taken the FTMO funded challenge, what are some other things to look out for? I know these challenges can If you would like to combine your individual FTMO Account into a single master FTMO Account, we can do so upon request. They do this so a person pays less up front, thinking they will be able to be profitable, but then end up blowing a daily drawdown or a max drawdown rule because they use the max allowed contracts on that smaller account And you really can’t keep over risking consistently with a prop firm account because of the both drawdown rules I mentioned above. There are drawdown rules that if you ever violate you will lose the account. If you are a real profitable trader you shouldn’t have any problem following FTMO rules. Prop Firms So I heard you get a free re-try if you fail the challenge but still end in profit without breaking the drawdown rules. Log In / Sign Up; Advertise on Welcome to FXGears. I lost accounts on tft and mff because of their stupid drawdown rules (and myself for not taking profit when I should have). Then made profit and was playing with my profit part and hit drawdown which i was not aware of because i thought i have drawdown till 190k. 3 pips on USDJPY, no rollover no news, London session. With MFF you also have a 5% daily drawdown but it will be based on equity. Try ftmo or the5ers, both firms are traders friendly. The combined FTMO Accounts need to be at least at their initial account balance to be merged and meet the following conditions: The FTMO Account is not in drawdown. (You should not be worried about this bc losing the accounts its not the objetive, but it gives me a little bit of 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%. I have been trading with ftmo for years and they are solid. Understand the influence of volume profile in trading. Jeder Analyst und jede Finanznachrichtenagentur verwendet Drawdown, um einen Wertverlust zu visualisieren. Pay yourself first as it's not your money. ly/3STGFCNFTMO Rules: https://youtu. Reply reply Same_Ad_5010 • This is where im at rn But chances are you / majority wont be and that is their business plan. No strategy I have can make 10% in a month without the breathing room. Both are relatively new but have a reputable liquidity provider (Eightcap), absolute drawdown rules, and generous time limits. Once i blow this one i will go to myforexfunds. If you 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 opportunity analysis or similar general recommendation regarding the trading of investment instruments. Despite which of those options you pick FTMO will take 30% of your earnings. r/PropFundedTraders A chip A close button. FXGears. They also set the rules and criteria with things like trailing drawdown because they only want certain traders that know how to respect proper risk management and that can still execute trades to profit. But in the end it is about consistency and Just try it yourself. So I started risking more because I thought I had a smaller target and it would be easier. Yes. Step 1: The FTMO Challenge A 30 calendar day demo account where you will have It's been around longer, doesn't have the same controversy around slippage, doesn't have a bizarre equity drawdown rule and it has more tradeable instruments. Reply reply clicksnd • Try new firm. Clearly this rule are set up by themselves purposely to minimize higher lost. 5k from the top of your open balance. The FTMO rules ensure that traders are disciplined in their approach to the program which will enable them to achieve the best of results through Proving Trading Skills: During the FTMO Challenge, traders need to demonstrate their ability to adhere to trading objectives. FTMO Challenge & Verification really elevate and intensify my risk management/money management capability due to the very strict drawdown rules, especially the maximum daily drawdown limit of 5%. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. The point of the post was that 10% in a month wasn’t realistic to pass the challenge and I said that it kind Prop firms are not stupid to make tight drawdown rules (if I back you with capital, I would impose those rules as well) it most newbies suffocate when they lose a few trades consecutively and end up blowing their accounts in less that 10 days. Here’s the comparison for FTMO has established itself as a leading platform in the trading industry, offering traders the opportunity to prove their skills and potentially secure fund I'm planning to take the paid test for FTMO in February, but I know that my EA bots sometimes fail the daily drawdown rule and I'd like to know what Skip to main content. These conditions are in a ratio of 1:1 (loss to profit) and this is probably the best prop trading environment out there. They are all the same with different rules, just whatever suits you best. That number will be your risk. 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 would be interesting because I’ve always wondered why so many forex traders are attracted to FTMO. This way, we can keep our risk per trade very small while still potentially achieving large gains. And even challenge is not so gambling because 1 phase: make 8 with 10 drawdown (55. 14 days period with their 5% equity drawdown, 10% max. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. I made the mistake of rushing things and jumping in trades that didn’t. One week goes by and you've lost 8K and have made $0 profit. FTMO's 70/30. ADMIN MOD • The Trading Pit's Max Trailing Drawdown (Trailing on Highest Equity) Explained (NOT GOOD) To be honest, I think that The Trading Pit prop firm has a lot of potential, but the drawdown rules they currently handle 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. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. Reply reply and doing fine and haven't read anything outlandish Reply reply underrated254 • Someone told me how the drawdown rule, not sure if they were lying, I’ve never tried FTMO before Reply reply more replies More replies More replies More replies More replies More replies. Log In / Sign Up; 323K subscribers in the Forex community. -Cons: You have trading rules to follow, depending on the firm: trading close to news events, DD on open positions, instruments, risk, EAs, copy trading. It represents the maximum percentage loss your account can experience within a trading day. 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. If floating +6% at the time of reset then the rule is breached losing that 6% + the original 5%, which is rational. Es handelt sich um eine Wertminderung einer Anlage unter ihren Höchstwert. Position Size Calculator. The Trading Pit's Max Trailing Drawdown (Trailing on Highest Equity) Explained (NOT GOOD) u/Ok-Progress-8486. I'm gonna wait this over and retry the challenge. This time I increased the lot size and made a short entry only to see the manipulation to higher and therefore had to close the trade due to drawdown rules. Sorry English is not my first language. At FTMO, we understand that market conditions might vary and that’s why we offer our traders a generous 10% drawdown buffer and 5% max daily loss. I have only made 4 If you can make 10% in a month on their account, you can make 100% return per month on $10k. - To be with other like-minded forex 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. Step 2: Verification. That Welcome to FXGears. You can do that on FTMO demo acc. Prop Firms I passed phase 1. This rule can also be called “trader’s daily stop-loss”. Intraday trailing drawdown: $2,500 (meaning unrealized profits count against your drawdown). Ftmo is starting balance. . Or does it refer to the daily drawdown at one moment, if let's say both trades were active at the same time & I reached a draw down of 6% at one moment? Maybe a stupid question, but would rather be safe than sorry. I am currently an FTMO Trader. They still have FTMO will allow you to have an unlimited amount of standby/inactive accounts for this very reason. I'm gonna do this to get around their no-weekend holds + no news trading rule. So here I am, a fresh FTMO account sitting -490 (10k Drawdown and Account Risk: Withdrawing funds from your FTMO account doesn't automatically put you in a drawdown or increase the risk to your account. We all go on losing streaks and we all make mistakes. Most likely not, as you'll need years of practice, but at least then it's not a total and utter gamble where you're just FTMO isn't all sunshine and rainbows, but they have the risk rules in place to protect you (and to protect their money). The first trade went at Many traders will always complain about the strict FTMO Challenge requirements. In the FTMO verification (step 2), you should gain $500 in realized profits to become a funded FTMO trader. Sigh. Now on phase 2 I had a false sense of confidence from passing phase 1. If your max daily drawdown is $500 and you have an open position that is $1000 in profit, then if must close the trade before that profitable position runs back to only a $500 profit or else its still a violation of their rule. But any money you lose of theirs is not How do you get around the difference of charts of ftmo and tradingview. Also rules can change with time. be/YqUoQk0AXKcFTMO Dra Welcome to FXGears. So that's the The max drawdown rule applies to open positions as well. com's Reddit Forex Trading Community! Here you can converse about trading ideas It’s part of their trick because the smaller the account size, the tighter the rules are for max and trailing drawdowns. The equity of the trading account must not, at any moment during the account duration, decline below 90% of the initial account balance. Open comment sort options. You may not have to observe a drawdown rule as with a prop firm, but if you do have a solid trading plan, then that'll include an actively updated number of what your "Risk of Ruin" is, which you can consider your personal drawdown rule. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. And if you’re trading afraid to make a drawdown and cannot trade the same % risked that got you in that drawdown it will only make it harder to get out of that drawdown. How much should we be risking per one trade? In most textbooks and online education programs, we can learn that we should not be risking more than 2% per one Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. Expand user menu Open settings menu. With appropriate risk management the drawdown rules shouldn’t be an obstacle. It includes both a Maximum Daily Loss (5% of the account balance) and a Maximum Drawdown (10% of the The following blog will explain the different FTMO rules related to drawdown and how DrawDown limiter is the must-have EA to help you pass the challenge. No "silly discounts". Apex does offer a static Question about FTMO free re-try . I’ve been trading for long enough to know it isnt sustainable. 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 Ftmo 9% drawdown Questions Welcome to FXGears. Unten finden Sie ein Chart der Many of them have funded 5ers accounts. According to our rules, this is set as 5% (10% in case of an Aggressive version) from the initial account balance. This week There are others like TopStepFX and Fivers. I just hate their scaling Currently in 8% drawdown in ftmo phase 2. Unfortunately FTMO has the same challenge rules for both day traders and swing traders. Get consistent first and learn to manage risk. Is there any chance they forgive my small mistake? I contacted live support and they sent my case to trading division. You can achieve an equal amount of Max Daily Drawdown: Max Loss: 10%: 6%: Max Drawdown: Minimum Trading Days: 10: 2: Maximum Trading Days: Profit Split: 60%, up to 90%: 90%: Two-Step Program Comparison . Take your profits out and fund your next challenge. So you can make 10% then lose 6% the next day and me fine Reply reply Curious-Notice-2315 • FTMO does not count positive floating for the next day 5% reset. FTMO Review here on Reddit. if i breach margin call what will happen to my account are they Skip to main content. You won't hit a dd that bad if you are already a successful ftmo trader. Our major aim is that our traders are experienced and that’s also why we introduced the above risk parameters that I passed last night but when I went to check on the FTMO app is says I failed an objective. 5ers and ftmo welcome consistently profitable traders. We call these rules Trading Objectives . Top. Honestly for me its not worth all the rules they have, I’d rather just use my $7k+. However, please note that the 20% split (10% with the Scale-up plan) will always be deducted. 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. There is no time limit within which you need to pass the Profit FTMO is awesome. If you're not careful , you might lose the account because you broke a rule you forgot about. I was over risking and revenge trading because I am an impulsive person Based on this info, you need to decide how much drawdown are you willing to risk on your personal account. The FTMO Challenge stage has reasonable rules, where the Profit Target is in balance with the drawdown we allow you to take. However, they do have one drawback that may be a dealbreaker for many. All traders should follow some basic rules in their [] Hi. 9 pip spread on Tokyo session is unacceptable, I get 0. 80 after all the trades hit my stop losses. I would say on par with ftmo in terms of trust. Because it seems easier. Overall, I was still roughly 7% Skip to main content. This led to me breaking the 10% drawdown rule. Go again and put a risk management procedure in place to protect you from blowing your account. Your max drawdown always TRAILS the profit peak in real time, so now the max drawdown is $48,100. After passing does phases your then get a funded account. If you have your own account While taking FTMO challenges unknowingly you are paying a lot of monthly subscription fees, you may lose the challenge, re-take the challenge, get a funded account , break any of their trading rules, you will start from scratch and the cycle will keep repeating. So guys, be aware. However, after all the euphoria resided I checked my FTMO dashboard to found out that I broke the Daily drawdown limit with only $20🤦. Usually, each phase or each challenge has different targets and rules. FTMO has the best commission, the drawback is can you hit 10% profit in 30 days without going into a daily drawdown of 5%. These are the sorts of people who can't be reasoned with. But if you can prove otherwise go ahead. What most FTMO traders don't realize that non realized losses also count as ''actual loss'' in the FTMO dashboard. Anyone halfway decent should have no problem passing imo. MFF's drawdown limits are based on account equity as opposed to account balance. I got slipped 4. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. Nope. This means if you are up 5% on a trade, move the stop loss to break even, and the trade comes back to stop you out at break even, you would have violated MFF's drawdown rules. 9% with all trades open Open 1-2 trades per time. Quite meet my set ups because In the back of my head I thought I only need 5% it’s not much even if I go in drawdown. There is no simulated profit due for withdrawal. Also, another important rule for me its that when you broke some rule on MyForexFunds they keep all the money, instead on FTMO they give you the % and then close the account. e. Open menu Open navigation Go to Reddit Home. You need to practice their rules before you can evaluate is this something that suits you. Risk Management: Define how much you will risk per trade, where you will place I am getting ready for the challange myselfrisk managament for the rules is simple and you can risk more that 1% per trade. 7m of funding available just with what I consider to be the top 4 firms (MFF, FTMO, 5ers, TFT). I have been researching online prop firms for 3 months and trying to develop a strategy that would meet their constraints (based on FTMO normal account), namely: Max Daily Drawdown (MDD) of less than 5%; account max drawdown of less than 10%; profit target of 10% with 30 trading days (one calendar month + extension of two calendar weeks). So you can be fully funded at a max of 400k while still having an infinite amount of inactive accounts to use as backs up's if this bad situation were to occur. They wanted to discover talent that ⭐ RECOMMENDED PROP FIRMS⭐ ️Blue Guardian: https://bit. Thanks man Die meisten von Ihnen kennen oder haben zumindest von Drawdown gehört. Your first goal for the day is developing good trade ideas, a close second is managing risk. You place your first trade and the active trade is in profit $600. Profit Target: In my case i have larger TPs so im trading with FTMO. If you make 10k on your 100k account, your breaking point is still 90k so you can lose 20k instead of just 10k. I read the rules and I think that my post is valid but if it's not do not hesitate to take it down. it goes nicely into profit for a few days, then price just comes straight back up and hits your sl at breakeven. I do like how FTMO incorporates your daily profit into your daily drawdown, but I believe your daily drawdown should change depending how much profit you have in the account on a day-to-day basis. FTMO Challenge and Verification is a must for any traders that wish to enhance their risk management and self-control in trading, which is the most important skill to The rules are closely aligned with the paid version of the FTMO Challenge, although the minimum trading days and required Profit Target are halved for the trial period. This allows you to use Like for me personally, I like FTMO but they have the dumbest rules. Other ones yes, daily drawdown. Imagine on the last day of the trading period, if you are on real challenge with real money and you profit at this level, but suddenly you hit over the daily loss limit 19 votes, 42 comments. 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 Rules - Normal Mode ‍ #1 Challenge Time: Unlimited #2 Daily Drawdown: 5% #3 Maximum Drawdown: 10% #4 Shortest Trading Day: At least 4 trading days #5 Profit Target: Stage 1 is 10%, stage 2 is 5% #6 Scaling Plan: Provide up to $200,000 USD in scaling #7 Account Size type: Various account sizes are available, including $10,000 to $200,000 USD 2% risk was optimal for your personal $100k account, does that mean for a $100k funded account with an imposed 10% maximum drawdown rule, the optimal would be 0. Get app Get the Reddit app Log In Log in to Reddit. com hosts and moderates our chatroom, If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. For an FTMO I've made a profit of 2. It's really not that much different between the two in terms of x amount per trade risk just the amount they put in the account, cheaper entry level and a simple max loss and be flat on Friday is all there is with no splits for them until after your first $5k. Yeah, I can only speak for MFF although I assume the same is true for other firms the drawdown rules still apply. Relative Drawdown is more complicated, and more beneficial for the firm. The rule says that at 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. 6%) So the probability to pass a challenge is 0. 5% draw down limit on equity makes sense but imposing it on open trades and unrealized profit is too much to handle. It's going to be a more generous number than a prop's drawdown, but prop's aren't going to let losing traders keep trading. 5k daily drawdown is a hard rule. The real question is do YOU have a consistent and profitable method? That is the real question. This is from customer service chat: 08:52 The steps are the same for all the types. In other words, you can change your account type to Guys you have unlimited free tries while during the challenge to pass it if you don’t break the rules but don’t achieve the profit target 10%. I don't know about you, but I don't take huge drawdown in a relatively small account like that. 5k and a profit target of 3k, you can never lose 2. I should get an email from them in 1-2 days. FTMO companies do not act as a broker and do not accept any deposits. You should not break the drawdown rules in any phase to avoid losing your challenge or FTMO funded account. Your starting account of $100k now sits at $400k as you've chosen to keep Skip to main content. 75%), but have managed to pass a challenge phase within a few days. The 2 main rules that I hear traders mess up on the most: *Floating* Maximum drawdown - FTMO not only counts closed positions into the drawdown rule but also open positions. Don't get If you don't know what drawdown is you should have never started and paid for FTMO. Example: Max drawdown is 10%, you start a 100K account so you can only lose 10K total or you fail. The drawdown is typically To represent the difference between the initial balance and the lowest point below that, traders use the term called Absolute Drawdown. Who are FTMO? FTMO is a proprietary trading firm founded in 2017. FTMO is legit, and I assume they have a lot of very successful traders. For example, you make 2% profit during that day, now your drawdown will be 7% for that day, the bad thing is that if you let the trade roll to the next trading day and your trade goes to break even (-2%) your drawdown now will be 3%. You will never Let's say you've been trading with FTMO for a year. This is the only way to succeed with prop firms long term, in my opinion. I started looking at the Apex rules and saw this: Let's say you start the first day with $50,000 and the max you can lose is $2,500 or a low of $47,500. In your case the simple answer is to halve your risk. Welcome to FXGears. It's really easy to break this rule. It includes both a Maximum Daily Loss (5% of the account balance) and a Maximum Drawdown (10% of the account balance). You must first Of course, the basic premise is that the trader should have these rules clearly set out within his strategy and not change them during the course of trading, as such trading is pointless. So, if you were in profit on a trade 10% and it retraced back 5%, you would still My daily hit 23k. The offered technical solution for the FTMO It’s never easy trading under pressure. When considering your risk you need to use 1- The Drawdown. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. 2% risk (i. I figured that the max Drawdown at this point would be at around $96,444, which would be a 6% drop from $102,600 (the account high). It is completely my fault. One of the reasons why FTMO has gotten so popular is because of their drawdown policy. Log In / Sign Up; Advertise on If <10% of people complete the FTMO challenge, my guess is over half of those challange winners will break their drawdown rule due to not leaving enough drawdown cushion from previous profits, or just bad trading because they got somewhat lucky with the challenge results and time will reveal the true profitability. The 5%ers, have more conservative rules on risk but the benefit is you have 6 months to hit the profit target. You can switch your existing FTMO Account to the FTMO Account Swing before every new cycle (Reference Period). Hello. Reply reply QuagmireG • Yep FTMO are the best in this aspect because they don’t run a trailing FTMO or any Forex funded account for that matter, is not worth your time and doesn't make you any money in long-term. I feel like a huge huge failure. r/Forex A chip A close button. No funky gimmicks. Forex, Krypto, Aktien usw. Risk per trade. New. ly/3Z38vO8 ️Traders with Edge: https://bit. However, I never strayed from my original gameplan other than I'm risking only 0. Is there any way to continue or do I have to start a new Skip to main content. The $400 discrepancy you’re explaining could just be slippage that wasn’t picked up on your trial. com hosts and moderates our chatroom, If profit goes up by the drawdown then back down by the drawdown, you've failed by sizing way too big and not taking profits prior to the drawdown Question B: Yes, at least on the evaluation account. But once passed you can make decent by just properly trading, managing risk. The combination of bigger drawdown and lower profit target might lure in people who are not ready yet to trade live. The Verification stage is the second and final step toward becoming an FTMO Trader. MFF does a bit stricter rule because they use relative drawdown instead of Recently, a lot of new prop firms have popped up, so in this FTMO review, we’ll take an in-depth look the FTMO challenge, the FTMO rules, and whether the FTMO challenge is still the way to go for profitable traders looking for extra capital. So for instance, if you make $10,000, when it payout To answer your question, I’ve certainly come close to hitting the 5% daily drawdown (-4. com, a trading forum run by professional traders. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Yeah check them out, their rules state that any profits you made can be used as a buffer instead, so it's okay even if you lose all your profit in one day. So 1 out of 3 challenges you can pass 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 FTMO states: This rule can also be called “account stop-loss”. TFT has the 400k challenge from 1 buy, MFF is the cheapest, Ment Funding has its own rules with up to 2 million in direct challenge funding and only 1 phase to pass the challenge, max drawdown 5%, target 10% and you pass. Withdrawals don't directly impact the daily drawdown calculation. The static drawdown is only for futures evaluation it's trailing based on highest balance once you have passed not to mention you only get paid once you hit the profit target at each level and a new account is given for the next level all the way to level 10. And our new FTMO Traders have had a [] Drawdown rules are tighter. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms If your only gripe is that the rules are too strict then you're not a good trader. The markets are ranging most of the So it's been a while that I know FTMO, signed up with them at the end of 2019 not long after it launched, but failed the tests (2 100k acc tests), I then switched to trading cryptos (on personal accounts) and been quite profitable with that, and more importantly learned to trade better! Rules. You can also convert your account type later on after starting your FTMO Challenge. 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 evidence do you have? I am not saying they are scam or not. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. If a trader hits either limit, their account is closed, and they fail the challenge or verification. However, if your equity drops significantly due to a withdrawal, it may affect your ability to sustain drawdowns FTMO only provides services of simulated trading and educational tools for traders. So you can let trades breathe. 666 = 37% natural probability if you are a monkey. A lot better than the harsher rules prop firms like FTMO impose on their traders in my opinion. Are you ready for the exam? To fully benefit from each lesson, we created exams to test your gained knowledge with stats of your progress, results and more. I am talking about the Futures challenge because I only trade futures. For example, if a trader starts with a $100,000 account, At FTMO, we are well aware of this and that’s why we provide traders an initial balance of up to $200,000. While these are important from the risk management and money management perspective, there are many more factors a trader must consider for long-term success. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. com hosts and moderates our chatroom, Thought the rules was 5% drawdown everyday based on initial balance, my account only went -700$ around from the initial balance. Bevor Sie Ihr FTMO Account erhalten können, müssen wir sicherstellen, dass Sie verantwortungsvoll traden können und Risiken ordnungsgemäß abwägen können, da wir in Zukunft Ihre simulierten Trades, die über Ihr FTMO Account durchgeführt wurden, verwenden können, wenn wir auf unseren Trading Rules: Maximum position size: 7 mini contracts (or 70 micro contracts) for the 50k account. Instead of a fixed equity level below your starting balance, you're These rules should be specific and objectively observable, such as “Buy when the whole body of a 30-minute candle closes above a key resistance zone if a market is trending in the uptrend on 1-day time frame and the distance between stop loss level and nearest resistance is in a ratio of at least 2:1. Assess your performances The rules are really against you so I find that the less time you can spend in eval mode or with drawdown in funded mode. You're lacking even the most basic knowledge for trading. 60-4. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. FTMO has a 10% drawdown to start with, which is manageable on its own, but you are also allowed to leave your profits in the account in order to raise the maximum loss. The maximum daily loss resets at midnight daily and does include both open and closed positions. Always payout, every time. The drawdown rule applies to closed trades, not open ones. I mean they say spreads are low, etc so there should be no problem. It forces you to be diligent with your entries and exits, as well as managing risk; but makes it tough to size into positions. If you’re trading for yourself then obviously you can consistently over risk to make exponential profits but with a prop firm that’s not the case. Two-Step programs require that you pass two different challenges before getting funded. You have the chance to explore our Evaluation Process on the FTMO Free Trial on three of our platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and DXtrade. The difference between FTMO Account and FTMO Account Swing is that, in the second one, you can trade through news and hold trades over weekends. 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 Welcome to /r/SkyrimMods! We are Reddit's primary hub for all things modding, from troubleshooting for beginners to creation of mods by experts. com hosts 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. Do my statements make sense? If yes, why would anyone not go for a swing account? And even so a good trader can break a drawdown rule very easily if he/she has a series of losing trades with good risk mgmt. In America, the accuser has the burden to bring evidence. The least number of days required for traders to successfully pass the FTMO trading challenge is 10 trading days while the maximum is 30 days. The max daily loss is the thing you need to watch out for. As for FTMO and MFF, they have daily max drawdown rules of 5% so you can't use your realized profit as a buffer. Top step rules suck Reply reply Quirky-Manager-4165 • • Edited . I was looking at 5%ers as a prop firm VS FTMO because of the conditions they offer : No trailing drawdown (you can build a Skip to main content. Let's face it, the only difference is the loss in buying power in heavy dd is there on a $10k account. I only trade with ftmo because the other ones are build to make u lose if the market is against you. if you buy 10 evals, get 5 to funded and only 1 to payoutthats 4 thousand in profit for a You are definitely mistaken. This includes managing risk effectively, following trading rules, and maintaining discipline. Sorry OP but that's a dumb question. Log In / Sign Up; Advertise 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. Don’t count on it being ignored once you’re live. The Maximum Daily Loss is a rule that is beneficial to both FTMO and traders, because it clearly defines risk for the company and gives all traders plenty of room to trade with a reasonably adjusted risk. I had 13k in drawdown and about 6k in losses. Most people have horrible risk management and rely on hopium and prayers to get back to break even if they You'd go with topstep since your able to risk far more per trade vs FTMO etc before breaking max loss rules. 6k in a 100k account single phase account with a Max Drawdown of 6%, and I went ahead and withdrawn the profits. If you can manage 30:1 go with the swing account. The fact that they don't have daily drawdown rule is welcome. 0. How is the daily drawdown calculated? I only have experience with ftmo, the funded trader and my forex funds. You have to be profitable to be able to make money on their I'm aware that Apex's drawdown rules go away once you pass the eval, get a funded account, and get above the drawdown limit. Some prop firms have payout frequencies of biweekly, some are monthly somewhere every 21 days, etc. I use risk management on all orders. But it is good for good traders with 0 capital (minus the $400-$600 you might have to pay 1-4+ times). We ask that you please take a minute to read through the rules and check out the resources provided before creating a post, especially if you are new here. Scaling out: A strategy to avoid drawdown penalty by reducing position size at a certain point. Are there any other prop firms like ftmo besides mff? I don’t like mff due to the equity drawdown rules This is how FTMO currently works, where you lose your funded account if you ever lose 10% of your starting balance. Better luck next time, customer service wont give any free trial lol 😢 I would rather cut risk massively and find a way to grind out of drawdown than lose the account and this is something I've already had to do once. Trading platforms . You don't keep your full profit. Using a discount code and 150k evals for example. They are highly trusted. 5R trade. 2% risk on $10,000, the max amount you can actually lose)? Or in this case, does it make sense to set your risk %, not to 1 in 35 million odds of blowing up (hitting 10% The Funded Trader, My Forex Funds, & Ment Funding. For me personally, I also trust FTMO and MFF wayyy more than I trust any regular offshore ECN broker so that security is another huge benefit. Log In / Sign Up; Advertise on Reddit; Shop In this stage, the major rule is for the trader to meet the profit target which has been set in such a way that it is balanced with the drawdown that the company allows. As ftmo don't care about how much ir less you trade, you can choose: You can open more trades so that means you can risk 1% or less for each one, but no more than 4. No, on FTMO you have a 5% daily drawdown limit regardless of equity. 5%) 2 phase: make 5 with 10 drawdown (66. FatFuckWithNoLuck • im 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. This isn't true for FTMO. Best. So don't beat yourself up. You accuse new ones being scams, Ultracap in particular. ($50,600- $2,500 = $48,100). 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. My strategy works over time but without a dumb luck streak it won’t do +10%. That's about as far as his "logic" went. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. Well now I have ended up in 8% drawdown. Go on babypips and go through the entire school process, then practice on demo, and then you might be ready. Our Position Size Calculator The drawdown will be tracked much more accurately on your eval and paid account. however i dont do funded accounts anymore due to the drawdown rule on your equity; lets say you have a 50K account and you place a sell as a swing trade. You never know when you will breach any of the rules or when they changed any of their rules. FTMO’s drawdown rule helps ensure traders manage risk properly. A 100% month would be possible on a personal account risking big but on the FTMO account like i said with the drawdown rules it’s near impossible to achieve those gains consistently month after month. . iamxibkf oqljzfh vswdpg hhrih ycreo dayqco gnxobm kbob hiuv rtfz