Yes, they are great. If you like high spreads, price manipulation, frozen platforms, admin fees, financing fees,etc, etc......

OANDA Discussion

Only prohibited on the impacted currencies. The impacted currencies are listed for each restricted event. I'm clear on that. The confusion was the previous poster stating he is able to place pending orders which are allowed to trigger during the ...

FTMO - For serious traders

Yes, I agree here. Even a s/l or t/p hit during that window (regardless of when trade was opened) is a violation. No way they are letting pending orders trigger. I know I won't be trading during the news. Worked too hard to get funded.

FTMO - For serious traders

Well that's good to know. Just to confirm, are you trading other instruments not directly impacted by a particular news event, for example USD during non farm payrolls. I understand you can trade news all you want as long as it doesn't involve the ...

FTMO - For serious traders

Wow, that's interesting. Makes absolutely no sense though as they clearly state in the rules it is not allowed. Specifically, it would allow someone to "straddle the news", buy stop one way, sell stop the other. Their explanation is the fact that we ...

FTMO - For serious traders

Not if the pending order triggers during the 4 minute window.

FTMO - For serious traders

Yes, they must be labeled as such. The restricted events are included in the contract and may also be viewed under calendar on FTMO site.

FTMO - For serious traders

Thank You

FTMO - For serious traders

Can any funded trader shed some light on the time frame from passing verification and signing contract to be up and running on the funded account. I passed Wednesday, they sent contract and I completed on Thursday. They say like 2-3 business days, ...

FTMO - For serious traders

I did the same thing in verification. Got real angry with myself to be .6% away and then give it all back. I finished 4 days later. I agree, I think that daily loss actually makes you a better trader. On a personal account, I'd keep going, trying to ...

FTMO - For serious traders

Right, but a buy is closed with a sell and vice versa. As I mentioned, very simple solutions, not a big deal, either remove s/l or t/p or hedge.

FTMO - For serious traders

Yes, news restriction only applies to funded accounts. If a s/l or t/p is hit during the 2 min window on a restricted instrument, it is considered trading and I believe would violate the account just like any other rule violation. The 2 solutions ...

FTMO - For serious traders

Yes, you should delete them. If a stop or take profit is hit within that two minute window, it is considered trading during the news as a trade is executed when a sl or tp is hit. THIS WILL VIOLATE THAT RULE AND CLOSE YOUR ACCOUNT.

FTMO - For serious traders

You're crushing it. You can crawl to the finish.

FTMO - For serious traders

Plus you get it refunded back with your first profit split. If you can get the 300K and then the 25% scaling every 4 months, you're trading a 600K account within 16 months. It's life changing income.

FTMO - For serious traders

I understood it to be unlimited as long as you end each one in profit with no other rules violated.

FTMO - For serious traders

Didn't catch that 9.4% the first time. It was verification, so target is only 5%, so I was at 4.4%, not 9.4%.

FTMO - For serious traders

For the challenge and verification, it's so tempting to finish quickly, so the day where I gave most back was really just over trading. Having confidence in your system is key as I knew I still had 7 weeks if needed, but things worked out over the ...

FTMO - For serious traders

So well said. In verification I came within $600 of target on day 3, gave almost all back next day and then hit target 4 days later. If you have an overall winning strategy, you will pass EVENTUALLY. I simply needed to adjust position sizes to fit ...

FTMO - For serious traders

I just got funded, so if you ask in 6 months I will tell you yes. I plan on knocking down 20K per month but that's just me.

FTMO - For serious traders