Ftmo hedging reddit. fitted to the firm's requirements.

Ftmo hedging reddit The 5ers have not clearly specified on their website so idk about them. 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. In this article, we will cover everything you need to […] Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. You can lose 10% on FTMO with 10% target, so you have to double your account. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! The spreads with FTMO are insanely small and no regulated US brokers come close to them. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! These are excellent questions to ask FTMO via email or chat online, they respond almost immediately. 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 passed, focusing on my risk management, not profit. We refer to that as something called a perfect hedge because wherever price goes you're going to stay at net zero. They also allow hedging, if that's your thing. Take your time, bad losing streaks happen to everybody. Very happy with myself and my progress, especially that I started trading less than a year ago. I'm not sure if the 5ers do it or not. Like the market owes me right. FTMO is legit, and I assume they have a lot of very successful traders. You can't run away from going against trend. 150 trades, then 250 trades the stats are just gross too sub 50% win rate, tight stops and tight risk management. 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. 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. The reason this happens is because the ftmo/funded account allows hedging of positions. Your first goal for the day is developing good trade ideas, a close second is managing risk. Thus, if you are approaching your limits, it is better to close positions rather than use hedging. I want to compound a real account with these returns. 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 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. (It messes with their algo bc they use bots to trade against their customers). 3200$ MFF and especially FTMO are golden. Reply reply It's a huge improvement for day traders at least. Utilize the Golf Clash Discord for questions and chatter. There’s no restriction on trading styles, but copy trading and exceeding $400,000 in combined accounts are monitored. For swing traders, it's a great improvement too once they actually get the funded account. Hedging - Place entries both ways. I honestly don't hedge too much so not a huge issue. (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. Prices are relatively higher than other firms but 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. The real question is do YOU have a consistent and profitable method? That is the real question. I’ve been trading for about 2 years and have yet to make a consistent profit. 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. Alright on the chart above the green line represents a buy position and the red line represents a sell position. 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. 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. But they do not provide any more details. We don't have the greatest choices here stateside compared to those living in Europe. 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. You don't get his logic, because you apply the same rules to a private account. FTMO has won international awards from fucking DELOITTE for 3 or 4 years straight. 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. Now we can trade through high impact news and hold runners over the weekend if we want. Exmaples of prop firms with no time limit: MyForexFunds FTMO Alpha Capital Etc. Some traders will over-leverage and hedge orders during this event. 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 . I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. By hedging, you can atleast make (small) leverage on the trend. The current situation is not impacting payouts or other services that we provide to our existing clients. 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. Nov 9, 2024 · Expert Advisors (EAs) and hedging are allowed. In case the situation develops differently, everyone will be informed accordingly. Technically a risk-free trade but it's essentially gambling which FTMO is cracking down on. For static hedges you neutralize your delta with stock and for dynamic hedges you typically use options. FTMO isn't all sunshine and rainbows, but they have the risk rules in place to protect you (and to protect their money). You can find plenty of payout proof for FTMO, MFF, TFTP and others. However, it is not a good idea in long-term. com's Reddit Forex Trading Community! Here you can converse… 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 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. Perfect Hedge. a 60 lot position would blow your 2000$ account so fast if left alone… which is why the US is limited so heavily 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. They don't have to scam. You can meet all their goals but if you don't pass the interview, you can't get to the top. A long put has negative delta so anything with positive delta can work as a hedge. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. . 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. So you cant hedge the same security on different accounts. So you cant short the eur on one account and buy it on another. 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. 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. I only know of FTMO-but you can only hedge on the same account. Going to do some testing when the market opens. Mt5 summarizes your trades so if you open long of 1 lot then want to short 0. 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. When the rule against hedging is in effect, traders are generally prohibited from holding opposite positions in the same currency pair simultaneously. 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. FTMO also offers a Scaling Plan that increases account size for consistent performance . You have to be profitable to be able to make money on their I traded a little more aggressively than I wanted to on this account but it ended up paying off. fitted to the firm's requirements 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! 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. 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 doesn’t offer any account type with instant funding. 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. I actually had an account with the 5ers but blew it because I was hedging with FTMO. 5 it will sell 0. 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. 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. Swing traders can go through a multi-month drawdown even with a profitable strategy, b Hi guys, Hope all is well. There is no simulated profit due for withdrawal. 5 days for their challenge and verification stages. Are there ways to hedge against a major dollar crash… The issue here is that you see all the 'success' stories and no failure stories. I have no time to mess with that as I am running 300k with FTMO. 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. 5 and 2. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. 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. 5 of your long l think. sometimes accidentally placing the same stop losses. A lot of prop firms are now with the new rule… It goes without saying that risk management is the most important part of trading. The only problem is I reside in 1 of the 4 states in the US in which FTMO will not provide challenges to. winners way higher in value than losers. The subreddit has not kicked you out or gone private. The best prop firm besides FTMO AID The Funded Trader In my option. The article will describe how to save money if you have some hedged positions. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. If you're not in the US , you shouldn't have a problem though and you can alway hedge on a correlated pair anyway. 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. 331K subscribers in the Forex community. Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. Hey, So I live in a 2nd world country, but earn a significant portion of my income in dollars. For this hedging process to work, you will need two accounts: a prop challenge account and a live account funded with a smaller amount. Am I gonna get suspended in the future? I'm almost through the 200k challenge and my consistency is looking promising. 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. If you would like to combine your individual FTMO Account into a single master FTMO Account, we can do so upon request. 5% from entry price) which should result in 0. I have come along way! Please share your experience with trading or even FTMO :) 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). I cleared my first FTMO challenge in 1. Ftmo support answer: We plan to honour all our commitments to our clients. Let's say you took both positions at the same time using the same exact lot sizes. But for the challenge, they're faced with the same problem as before. Indices usually gap at market close. 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. FTMO's 70/30. So obviously, there’s something wrong with the strategy. 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. 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. Don't take advantage of gaps in the market. Currently hedging a loss though but i plan on catching pips all week. 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. 242 votes, 229 comments. 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 EA uses a well-calculated hedging strategy to either pass the prop challenge or recover the cost of the challenge (challenge fees), so you don't have to pay for another challenge if the first one fails. I just found out there is a hedge option you can request them turn on. 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. This is why I recently have been focused I've also heard FTMO has $3/lot as their commissions, and if this is the case, my strategy should simply be more profitable on an FTMO server. Yes , I keep it in mind however one question I still have if I'm in gains of let say 1k , does the daily loss self adjust? Another question is about hedging a trade but from my experience they would still consider the hdged loss not the winner ,so for this experience I won't be hedging my trades The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. They don’t use EightCap like many do, and systems have always been stable in terms of execution speeds, slippage etc. Hello, I am developing a script that trades using hedge mode Strategy is simple, open both long and short positions at the same price, tp at 1% for both sl at 1. 800$ 4. 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. 28 votes, 68 comments. so if you have a 2000$ acc (roughly) you could at most (roughly) buy 1 standard lot eurusd. Welcome to FXGears. 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. well it’s simple, 1$ in cash in your account = 50$ margin. If I had blown the FTMO account then I would be with 5ers and would know more by now. Sorry OP but that's a dumb question. Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. 400$ 3. 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. 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. Better to get the answers from the horses mouth than randoms on the internet; than get upset when something happens to your account Yes, both FTMO and MFF offer a swing trading account that lets you hold overnight and weekends. Deloitte doesn't hand that shit out like candy because their own brand's credibility is on the line when they do. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. com, a trading forum run by professional traders. You will notice that there's two types of hedges: Static hedges and Dynamic hedges. Real fuking hard. 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. 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. Had a 5k day on my 200k account also. 1600$ 5. This is important. ibc ioz hxpdif oglrmtu wnnv yssz wbfbm wrowtxxd udyn uvulxx