Ftmo hedging reddit. Absolutely and we do not try to hide the whole thing.
- Ftmo hedging reddit The current situation is not impacting payouts or other services that we provide to our existing clients. When the rule against hedging is in effect, traders are generally prohibited from holding opposite positions in the same currency pair simultaneously. So for example , I have a masters and my main research guy is a PhD (sure he is the kinds who wears pants to this chest, same clothes for 3 days etc I am joking a little) but when a bunch of us are in a meeting and he is sitting quietly on the side and at the end says something that we missed or a comment which is So this how the first FTMO payout went. FTMO is legit but definitely avoid non reputable too good to be true prop firms and look at the broker they use too…that doesn’t mean I haven’t ‘wasted’ literally thousands upon thousands on challenges with ftmo. The max daily loss is the thing you need to watch out for. Always payout, every time. Obviously ftmo is the next biggest competitor. Very happy with myself and my progress, especially that I started trading less than a year ago. 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. Imagine you have the choice of trading the prop firm account value or a prop firm account with that value (your $100,000 or FTMO’s $100000). Get the Reddit app Scan this QR code to download the app now Hedge Scalper EA 2024 MT4 with set (v24. Deloitte doesn't hand that shit out like candy because their own brand's credibility is on the line when they do. And the good ones hedge their exposure and double down on proven traders in addition to taking the evaluation fee, I’m looking at fivers and FTMO here for sure, but there could be others. You can't run away from going against trend. Do not take a manual trading test if unsure of your success well honestly, if it happened with FTMO, Funding pips, etc. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. Looking for a new prop firm after MFF has been dumped. FTMO doesn’t have time limit anymore, so I would decrease risk even more, risk so little that you can easily lose 20 or more trades in a row. Am I gonna get suspended in the future? I'm almost through the 200k challenge and my consistency is looking promising. then that just means all prop firms who accept us clients currently, will soon follow suit. FTMO isn't all sunshine and rainbows, but they have the risk rules in place to protect you (and to protect their money). not really. I honestly don't hedge too much so not a huge issue. Hedging - Place entries both ways. Trust the process and don’t give up. You can meet all their goals but if you don't pass the interview, you can't get to the top. The issue here is that you see all the 'success' stories and no failure stories. I have reported the issue to the support team , I now await the response. There is no simulated profit due for withdrawal. 800$ 4. The only problem is I reside in 1 of the 4 states in the US in which FTMO will not provide challenges to. I have come along way! Please share your experience with trading or even FTMO :) The reason this happens is because the ftmo/funded account allows hedging of positions. 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. There’s no restriction on trading styles, but copy trading and exceeding $400,000 in combined accounts are monitored. FTMO is legit, and I assume they have a lot of very successful traders. so if you have a 2000$ acc (roughly) you could at most (roughly) buy 1 standard lot eurusd. For static hedges you neutralize your delta with stock and for dynamic hedges you typically use options. Going to do some testing when the market opens. Currently trading 200k and once I max out ftmo I'll look for others prop firms to get more AUM but until then ftmo is the way to go for me. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. MFF and especially FTMO are golden. I'm not sure if the 5ers do it or not. they dont have any course/teaching method. Ftmo support answer: We plan to honour all our commitments to our clients. if it's too good to be true it generally is. Please leave your thoughts in the comments. The 5ers have not clearly specified on their website so idk about them. Price of 8x 200k FTMO accounts(in USD)- $1190x8= $9520 10% gain - 20% profit split + refund - price of accounts = $20000-$4000+$1190-$9520= $7670 Relatively new to prop firms, appreciate any helpful comments. It’s a massively profitable business and the market is big enough for prop firms to make a fuck tonne of money, and for traders to make a fuck tonne of That being said, ftmo recently made available extensions if you are close to the target and from day one even if you don't hit the target within 20 trading days you will get a retry anyway. Hopefully trading view can fix this because it's pretty annoying as you have to be in front of the chart when it hits you're level when you want to take a partial. FTMO developed a unique Evaluation Process for traders, consisting of an FTMO Challenge and a Verification, specifically tailored to discover trading talents. cash, US100. Why isn't there any proof of FTMO scamming people. I've made 4 withdrawals since May. So you cant hedge the same security on different accounts. . Just wondering how any funded traders on here deal with the news rule on FTMO, that a trade cannot be left or entered within 2 min either side of the news release? Welcome to FXGears. Do you practice hedging in your trading? If yes, then you are the right person who might be interested in the article we’ve prepared for you today. You will never have worry about a "MyForexFunds" moment w/ FTMO. 1600$ 5. Alright on the chart above the green line represents a buy position and the red line represents a sell position. I actually had an account with the 5ers but blew it because I was hedging with FTMO. If you can't manage risk/hedge your positions, what good are you to any legitimate trading desk? Hedging works better when the original investment and the hedge have similar timeframes. Yes , I keep it in mind however one question I still have if I'm in gains of let say 1k , does the daily loss self adjust? Another question is about hedging a trade but from my experience they would still consider the hdged loss not the winner ,so for this experience I won't be hedging my trades Doing well maxed my funding on FTMO, I see that as a bank now lmao, currently doing the prop firm challenge and using a trade copier to mirror my entries onto my ftmo accounts, and US30 only I made the switch to this around 6 months ago The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. cash. In the other note I believe in every single one y’all who are trying to make a change. I've seen some people here complain about MFF's spreads at certain times of day and some complaining about FTMO's swap rates if you sell on certain days and over weekends and other such weirdness. 3200$ I've also heard FTMO has $3/lot as their commissions, and if this is the case, my strategy should simply be more profitable on an FTMO server. You have to be profitable to be able to make money on their Hello, I am developing a script that trades using hedge mode Strategy is simple, open both long and short positions at the same price, tp at 1% for both sl at 1. I just found out there is a hedge option you can request them turn on. Is hedging allowed on ftmo 10k normal account? As long as your trading is legitimate (in line with proper risk management), conforms to the real market conditions, and does not resemble forbidden practices, we have no reasons for limiting or restricting your trading strategy, whether it’s discretionary trading, algorithmic trading, EAs, etc. 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. 150 trades, then 250 trades the stats are just gross too sub 50% win rate, tight stops and tight risk management. Got to give it to FTMO. For news announcements affecting USD, the restriction applies for Forex pairs with USD currency involved, just as for any of the offered Indices, namely US30. I passed, focusing on my risk management, not profit. Utilize the Golf Clash Discord for questions and chatter. We refer to that as something called a perfect hedge because wherever price goes you're going to stay at net zero. FTMO chỉ cung cấp cho các nhà giao dịch những dịch vụ giao dịch được mô phỏng và công cụ mang tính giáo dục. 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. If you pass it, you get funded. well it’s simple, 1$ in cash in your account = 50$ margin. Commissions/spreads are low and competitive. Absolutely and we do not try to hide the whole thing. 242 votes, 229 comments. The hedging works better when the relationship in monetary movement between the things you did originally, and the things you do as a hedge are as opposite as possible given the same uncertain outcome. Real fuking hard. There’s a reason why US regulated also can’t hedge, trapping a trader into going back and forth, closing trades in negative, is highly profitable. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 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! In the case of traders attempting to obtain an FTMO Account or have already passed the Verification phase, the use of stop losses is virtually essential. 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. Better to get the answers from the horses mouth than randoms on the internet; than get upset when something happens to your account Jan 15, 2024 · Whilst hedging may seem like a pointless scenario considering each trade cancels the other out, there are traders who like to use hedging as a way to diversify their portfolio and risk. cash, US500. I want to compound a real account with these returns. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. But here is the problem: is FTMO using the same business model ? Especially because they claim they use their risk management for demo accounts connected to live markets. You don't get his logic, because you apply the same rules to a private account. As time have changed the definition of alpha males has also, atleast mine. By using the prop firm account, You are using a hedge on your portfolio at the cost of the entry to the prop firm + a profit percentage, as well as buying the leverage of the larger account size. I’ve been trading for about 2 years and have yet to make a consistent profit. I should add I have also passed a few times too with them. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I want to compound a real account with these returns. The article will describe how to save money if you have some hedged positions. (It messes with their algo bc they use bots to trade against their customers). None of the people that fail post anything up on reddit because there is no point, while the people that succeed (which is a tiny %) are on here having their 15 mins of fame before 99% of them inevitably lose the account which they attained through luck rather than actual trading skill. so go with a firm with a regulated broker like eightcap, thinkmarkets, blueberrymarkets etc, and for some time join only firms based in Europe or UAE. 5 days for their challenge and verification stages. Unlike the FTMO Account, the FTMO Account Swing does not have restrictions for news trading nor holding trades over the weekend. A long put has negative delta so anything with positive delta can work as a hedge. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. I’ve hopefully learnt something from all the pain however. No issues. Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop caring so much that it messes me up. The real question is do YOU have a consistent and profitable method? That is the real question. fitted to the firm's requirements Welcome to FXGears. So obviously, there’s something wrong with the strategy. This is important. FTMO also offers a Scaling Plan that increases account size for consistent performance . Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. With hedging type, a buy and a sell orders of a same instrument is accepted as two different orders and both remain as open positions. Trying too hard and studying too hard has diminishing returns and is counterproductive. Thus, if you are approaching your limits, it is better to close positions rather than use hedging. FTMO doesn’t offer any account type with instant funding. In terms of leverage FTMO is still the king with their 1:100 leverage. Các thông tin trên trang web này không dành cho các cư dân ở bất kỳ quốc gia hoặc khu vực tài phán nào, nơi mà việc chia sẻ hoặc sử dụng chúng sẽ trái với luật A relação entre um FTMO Trader e a FTMO baseia-se no Acordo de FTMO Account que assinaremos consigo depois de passar o seu FTMO Challenge e Verification e criar a FTMO Identity. (1% of risk per trade with 66% win rate) FTMO rules are far laxed compared to the firm I work for now but l manage a far bigger book and obtain bonuses and payouts. For swing traders, it's a great improvement too once they actually get the funded account. Their prices were dirt cheap, almost half of ftmo for smaller accounts so it was not sustainable. The best prop firm besides FTMO AID The Funded Trader In my option. If you're not in the US , you shouldn't have a problem though and you can alway hedge on a correlated pair anyway. Take your time, bad losing streaks happen to everybody. It sounds simple but please don’t underestimate it. Had a 5k day on my 200k account also. sometimes accidentally placing the same stop losses. By hedging, you can atleast make (small) leverage on the trend. Currently hedging a loss though but i plan on catching pips all week. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. I think most of it comes to revenge trading and options instead of a stable cash account like FTMO where I don’t have theta or PDT. If I had blown the FTMO account then I would be with 5ers and would know more by now. ADAM For FTMO 4 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. Share Add a Comment. 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. I have no time to mess with that as I am running 300k with FTMO. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. This is why I recently have been focused I want to compound a real account with these returns. Welcome to r/InnerCircleTraders, the largest ICT community on reddit! This community serves as a dedicated space where ICT's followers can connect, discuss, and learn from each other. Now we can trade through high impact news and hold runners over the weekend if we want. cash, US2000. No "gotcha" moments or stupid fine print rules. Let's say you took both positions at the same time using the same exact lot sizes. Let me guess, you don't have a backtested working strategy, can't manage your risk, you're overleveraging, can't handle your emotions, you're bitter and blaming FTMO/others for it. You can find plenty of payout proof for FTMO, MFF, TFTP and others. Sorry OP but that's a dumb question. FTMO has a swing trading account that allows you to hold positions over the weekend, and there are no limitations on trading around news releases. It's a huge improvement for day traders at least. com's Reddit Forex Trading Community! Here you can converse… The rationale behind this rule is to discourage traders from using hedging as a means to manipulate market prices or artificially create an advantage over other market participants. It is the type of trading account your broker offers. They don’t use EightCap like many do, and systems have always been stable in terms of execution speeds, slippage etc. We don't have the greatest choices here stateside compared to those living in Europe. winners way higher in value than losers. a 60 lot position would blow your 2000$ account so fast if left alone… which is why the US is limited so heavily I feel like FTMO in the near future will get rid of their daily loss restriction and flip to an absolute DD model since competition is starting to really increase in the retail prop firm space and unless FTMO can adapt to it well it's not going to be good for business. Welcome to FXGears. Although most traders think they are losing money in trading because of flaws in their trading strategy, the truth is that in most cases they are not using proper risk management. In case the situation develops differently, everyone will be informed accordingly. with 1:100, that same 2000$ now let’s you buy 2 lots… with a 1:3000 that means with 2000$ cash you could buy 60 lots. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Hey, So I live in a 2nd world country, but earn a significant portion of my income in dollars. These are excellent questions to ask FTMO via email or chat online, they respond almost immediately. 331K subscribers in the Forex community. Prices are relatively higher than other firms but I only know of FTMO-but you can only hedge on the same account. Can't go wrong with FTMO. In this article, we will cover everything you need to […] 28 votes, 68 comments. The subreddit has not kicked you out or gone private. FTMO is by far the most popular firm and they had to turn US clients away, I haven't purchased any challenges from any prop firm since the news came out for FTMO, it was a sign to save your money. Indices usually gap at market close. I cleared my first FTMO challenge in 1. Personally I use ftmo's free trial because it gives my paper trading some purpose and when you have a true p&l and you're able to see what you're doing you understand that anything works you just have to prove it. Now my question is are you able to lets say buy 8 accounts and hedge them all to pass both steps of the challenge, for example we buy 4 ftmo and 4 from 5%ers? im aware some prop firms share the same liquidity providers, but I highly doubt ftmo and 5%ers do. If you are planning to implement a hedging strategy in order to try and pass a trading challenge, you should check to make sure the prop firm allows hedging or It goes without saying that risk management is the most important part of trading. 5 and 2. 18 votes, 49 comments. 5 it will sell 0. their only "teaching method" is taking profit as soon as you can. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. Important economic news often leads to a significant increase in spreads, which causes a temporary loss and in some cases can lead to a violation of the FTMO Challenge & Verification rules. Trading is hard. Don't take advantage of gaps in the market. But they do not provide any more details. 2) Download HERE. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Like the market owes me right. well honestly, if it happened with FTMO, Funding pips, etc. 05%, if tp is hit the sl for the opposite side is changed to 50% of the tp hit (tp hit at 1% sl becomes 0. They also allow hedging, if that's your thing. Any advice? Having an affiliate program doesn’t make a company a pyramid scheme 🤣🤣 8% of the challenge fee for a 100k account is about €45, whereas earning 1% gain on a 100k account with FTMO would earn you $700. I traded a little more aggressively than I wanted to on this account but it ended up paying off. 5 of your long l think. 5% from entry price) which should result in 0. We kindly remind all members to adhere to our community guidelines, help us maintain a friendly and inclusive environment where traders of all backgrounds can Perfect Hedge. If you’re an average retail trader MT4 is far easier to lose money with, especially when you go the EA route as the back tester in MT4 is all but useless. I say that because they have great customer service, cheaper prices than FTMO, great community and the owner engages with the the traders and does give a ways and discounts very often. Technically a risk-free trade but it's essentially gambling which FTMO is cracking down on. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. Exmaples of prop firms with no time limit: MyForexFunds FTMO Alpha Capital Etc. FTMO - I’d advise anyone to use FTMO before another firm as an overall choice, simply because they’re possibly the most established and reputable firm among the industry. 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. Mt5 summarizes your trades so if you open long of 1 lot then want to short 0. Your first goal for the day is developing good trade ideas, a close second is managing risk. Swing traders can go through a multi-month drawdown even with a profitable strategy, b Hi guys, Hope all is well. Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. For now this is the end of my journey with FTMO as those who have been following my progress know I develop an algo in the MQL language. 5% profit I have 2 ftmo challenges under the same account and I've been scalping on both accounts placing similar trades a minute or less apart but with different stop losses. FTMO basically, made a two-step process to check out your trading performance. Reddit does not offer an adequate opinion in any area 90% of the time. Of all the prop firms, FTMO is slightly better, since they don't put a cap on the maximum trades we can open, offer a 1:100 leverage, allows hedging and any strategy we like. They don't have to scam. You will notice that there's two types of hedges: Static hedges and Dynamic hedges. Nov 9, 2024 · Expert Advisors (EAs) and hedging are allowed. So you cant short the eur on one account and buy it on another. com, a trading forum run by professional traders. Some traders will over-leverage and hedge orders during this event. 400$ 3. Se o Acordo de FTMO Account for assinado com sucesso, é-lhe dado o direito de utilizar a sua FTMO Account num ambiente de demonstração simulado com fundos 1 years of experience in the fx , I have run my expert advisor and the results of the last year were achieved by risking approximately 1% per trade on my FTMO demo account. If you would like to combine your individual FTMO Account into a single master FTMO Account, we can do so upon request. However, continuing to give FTMO 10% of my profits and more importantly the data they collect over time with all my trades is reason enough for me to move on. You can lose 10% on FTMO with 10% target, so you have to double your account. But for the challenge, they're faced with the same problem as before. Reply reply The spreads with FTMO are insanely small and no regulated US brokers come close to them. if you break even on a trade you still lose with them. As long as the given answer is the same as ours we don't see any problem. 28 votes, 68 comments. ChatGPT has access to an enormous amount of knowledge which is far more well-founded than a subjective opinion of "reddit-investors". A lot of prop firms are now with the new rule… Yes, both FTMO and MFF offer a swing trading account that lets you hold overnight and weekends. They publish the numbers and most fail the first or second stage (free money) then after even the funded will lose the account within a few months. Withdraw profit - Always! Remember, martingale is a gamble! It's not trading strategy, it's a gamble where it makes you alot of money but in a split second could lose everything you've built for months. FTMO has won international awards from fucking DELOITTE for 3 or 4 years straight. However, it is not a good idea in long-term. The Trading Objectives determining the maximum loss and maximum daily loss are crucially important and those who do not use Stop Losses are very likely to lose their account sooner or later. Are there ways to hedge against a major dollar crash… Welcome to FXGears. Here are my findings: WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. quhhms akr edakpnp cowfa qsak lhrmwt vbarg ypuryd ydwy mgifou