Passing the FTMO Challenge – Page 3

aaronpriest · 2020-08-20T01:25:05+03:00

Hi folks! I would like to attempt the FTMO Challenge, using nothing but EA Studio, mostly to prove whether it can be done or not. 🙂 Has anyone accomplished this and do you have any advice? The objectives are quite a challenge indeed (for a normal risk account): 30 days max to meet the rest of these objectives minimum 10 days trading (meaning at least 1 trade opened per day for 10 days out of 30) 5% maximum daily loss (this includes open trades and equity, not just closed trades) 10% maximum monthly loss 10% profit target in 30 days or less If you pass the challenge stage and the verification stage (which has 5% profit target, but otherwise the same objectives), then you get a fully funded account to trade with. A fully funded account has added stipulations that you can ignore for the challenge stage: Indefinite trading period Same minimum 10 days of trading per month Same 5% maximum daily loss Same 10% maximum monthly loss No profit target, just don’t hit your max loss limits or you lose your account All forex trades must be closed before end of market on Friday, no Sunday trading All commodities and indexes (stocks, etc.) must be closed before end of daily session, no overnights Some crypto can be weekend traded during specific hours listed on the broker No news trading 2 minutes before to 2 minutes after during certain events, listed on the calendar So, one of the challenges would be automating the news trading. You don’t have to close open trades, but you can’t open new positions or close existing ones during those time frames, and I don’t know how you’d automate that with EAs. EA Studio does let you specify trading session times and whether to close on Friday or trade on Sunday or close at the end of each daily session (for stocks), so this is convenient! When analyzing the “Position profit by position holding time” for each EA, I notice that there are quite a few trades per strategy that go into 5 days or more, meaning the calculations do N

Tagged: интернет магазин обуви

This topic has 40 replies, 13 voices, and was last updated 4 years ago by Petko Aleksandrov.

Viewing 11 posts - 31 through 41 (of 41 total)

← 1 2 3

Author

Posts
February 20, 2021 at 12:43 pm #77826 Reply

Petko Aleksandrov
Participant

Hey Uniedcom,

Thanks for sharing the experience with the broker. Do they have MetaTrader and allow hedging or they follow the FIFO rules?

February 20, 2021 at 4:27 pm #77842 Reply

aaronpriest
Participant

Ingot Brokers is one of a handful of entirely unregulated brokers that allow US clients, no FIFO requirements. They support MT4 and MT5. Some of the others I have used are AAFX, FXChoice, TradersWay, and Coinexx. All five have been decent brokers for me, with various options for crypto, indices, leverage amounts, funding methods, etc.

February 28, 2021 at 3:45 pm #78400 Reply

Petko Aleksandrov
Participant

Thanks for sharing your experience! I am sure it will be useful for the others.

June 8, 2021 at 4:37 am #90211 Reply

morgan frank
Participant

Well, I guess I’ll have to say good luck to the ones taking part in this challenge.

October 22, 2021 at 11:32 am #99669 Reply

ivonemisters
Participant

Hey Petko,

Are you planning to create a course for the FTMO Challange, I think it will be super useful and I am sure many will buy it 🙂

February 28, 2022 at 6:19 pm #110384 Reply

Petko Aleksandrov
Participant

Many have asked about it, but I feel I will be promoting their company which is something I want to avoid.

Anyway, will see if more people will ask for it.

March 1, 2022 at 9:47 am #110451 Reply

Samuel Jackson
Member

I’ve got my sights on passing the FTMO challenge, I’ll post here when I have a crack at it possibly in the next month or two depending on how the Russia\Ukraine situation unfolds.

March 4, 2022 at 9:28 pm #110728 Reply

Matthew Roberts
Member

I’ve been attempting the FTMO challenge as well to no avail. Petko, I would love a course on this. I would definitely pay for it!

March 6, 2022 at 10:39 am #110957 Reply

Petko Aleksandrov
Participant

Thanks, guys. I will definitely think about it.

March 9, 2022 at 7:35 pm #111685 Reply

Matthew Roberts
Member

Thanks, Petko!!

I’m loving the power behind the ea studio. I’d just like to see myself getting into that consistent profit section and that is what is required of an FTMO trader. I’ve been reading a lot of forums and posting some questions recently. Thanks for the community you’ve built. I’m really looking forward to being a profitable trader!

April 2, 2022 at 7:25 am #114463 Reply

Petko Aleksandrov
Participant

Hey Mathew,

Thanks for the kind words!

Keep me updated with your progress.

I know the FTMO challenge is something interesting and I will find the time this year to record some useful content about it.
Author

Posts

Viewing 11 posts - 31 through 41 (of 41 total)

← 1 2 3