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  • #34,481
  • Apr 9, 2024 8:14am Apr 9, 2024 8:14am
Quoting pipmaster77
{quote} But it was OK to lose 20K trading in the same manner he won 20K, correct? See the problem?
Is it ok to walk into mcdo and eat 20 burgers all at once? They are in the business of selling burgers, if you're an idiot of eating 20 at one sitting, how is that their fault? FTMO has been warning against gambling. Rightfully, they can be criticized for being vague but nonetheless, by now you should know better than to put on 100 lot trades.
And all of this is missing the main point. Lot of people come in here and yell bloody murder when with the least effort it can be uncovered that they a/ haven't read the rules, b/ don't give a shit, c/ somehow try to circumvent those. There are a lot of scam shops around, but I don't see FTMO as one of them (yet). When I see credible warning signs, I'll be here posting those. But until then crying wolf everytime someone screws up is counter-productive.
  • #34,482
  • Apr 9, 2024 8:20am Apr 9, 2024 8:20am
Quoting noox
{quote} Is it ok to walk into mcdo and eat 20 burgers all at once? They are in the business of selling burgers, if you're an idiot of eating 20 at one sitting, how is that their fault? FTMO has been warning against gambling. Rightfully, they can be criticized for being vague but nonetheless, by now you should know better than to put on 100 lot trades. And all of this is missing the main point. Lot of people come in here and yell bloody murder when with the least effort it can be uncovered that they a/ haven't read the rules, b/ don't give a shit,...
2 years back it was OK to eat even 1000 burgers why suddenly have digestion problem may be piles
  • #34,483
  • Apr 9, 2024 8:29am Apr 9, 2024 8:29am
Quoting noox
Is it ok to walk into mcdo and eat 20 burgers all at once? They are in the business of selling burgers, if you're an idiot of eating 20 at one sitting, how is that their fault?
-I think that the point was that it is hypocritical for FTMO to allow prohibited activity while receiving client funds, but then change their tune when funds are to be paid out to client. It is the same story, across all firms, though. The nature of the business is understood by most, as well as the hypocrisy that drives it.
  • #34,484
  • Apr 9, 2024 8:30am Apr 9, 2024 8:30am
Quoting sampat
{quote} 2 years back it was OK to eat even 1000 burgers why suddenly have digestion problem may be piles
The amount of abusive / toxic traffic has increased massively for firms.

If the old way of working doesn't work then they need to change so it does.

It's amazing the FX props have lasted so long with such lax rules vs the Futures space.
  • #34,485
  • Apr 9, 2024 8:32am Apr 9, 2024 8:32am
Quoting noox
{quote} Is it ok to walk into mcdo and eat 20 burgers all at once? They are in the business of selling burgers, if you're an idiot of eating 20 at one sitting, how is that their fault? FTMO has been warning against gambling. Rightfully, they can be criticized for being vague but nonetheless, by now you should know better than to put on 100 lot trades. And all of this is missing the main point. Lot of people come in here and yell bloody murder when with the least effort it can be uncovered that they a/ haven't read the rules, b/ don't give a shit,...
Again a bad example because the burger house will sell me 20 burgers but won't blame me for eating 20 burgers. They don't give a sh*.

However FTMO sells 1:100 (in fact 1:1000) and them blames people for using 1:100.
  • #34,486
  • Apr 9, 2024 8:35am Apr 9, 2024 8:35am
Quoting PropDude1234
{quote}The amount of abusive / toxic traffic has increased massively for firms. If the old way of working doesn't work then they need to change so it does. It's amazing the FX props have lasted so long with such lax rules vs the Futures space.
Well it is other way around. Overall traffic is reduced so they can't pay many people therefore finding ways to not pay.
There were more reverse trading going on prop firms 1 year back than now as scammers are not fool to get scammed by prop firm.
It is easier to make 100K payout when you have monthly signups of 1 million. Now it is reduced to 10K so even 20K payout is not possible.
  • #34,487
  • Apr 9, 2024 8:43am Apr 9, 2024 8:43am
Quoting Nsak3y
{quote}-I think that the point was that it is hypocritical for FTMO to allow prohibited activity while receiving client funds, but then change their tune when funds are to be paid out to client. It is the same story, across all firms, though. The nature of the business is understood by most, as well as the hypocrisy that drives it.
Exactly if they see gambling problem, warn them on challenges not payout.
  • #34,488
  • Apr 9, 2024 8:46am Apr 9, 2024 8:46am
Quoting sampat
{quote} 2 years back it was OK to eat even 1000 burgers why suddenly have digestion problem may be piles
They didn't suddenly have digestion problems, 2 years ago they didn't have gambling rules. When they put those up, from that moment on you should take note of those. If tomorrow they come out that from then on you can only buy in even lots and sell in odd lots, you can either follow the new rules or leave them. Or come here and whine about them.
I understand that Americans are salty and I feel for them, but FTMO is still a way better option than Apex.
  • #34,489
  • Apr 9, 2024 8:49am Apr 9, 2024 8:49am
Man i need to be more careful luckily made 200$ more... but what happened is added a short orders in asia as sl and tp. it hit my tp but i guess lt left the short stop loss order there. I just opened the tradovate and saw positions were running on funded account PHeww what a save and BS i have already crossed 30% on 5 accounts 900$+ profit i planned to keep them below 700$.
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Extreme gut feeling trader
  • #34,490
  • Apr 9, 2024 8:51am Apr 9, 2024 8:51am
Trading is gambling right,
Since we don't know the result but we can control our risk only
  • #34,491
  • Apr 9, 2024 8:52am Apr 9, 2024 8:52am
Quoting noox
{quote} They didn't suddenly have digestion problems, 2 years ago they didn't have gambling rules. When they put those up, from that moment on you should take note of those. If tomorrow they come out that from then on you can only buy in even lots and sell in odd lots, you can either follow the new rules or leave them. Or come here and whine about them.
There was always gambling rules. Also why not stop them on challenges itself. Its like allowing people to f@uck without condoms and blaming them after 9 months why didn't you use condoms.
  • #34,492
  • Apr 9, 2024 8:56am Apr 9, 2024 8:56am
Quoting montygoldy
Man i need to be more careful luckily made 200$ more... but what happened is added a short orders in asia as sl and tp. it hit my tp but i guess lt left the short stop loss order there. I just opened the tradovate and saw positions were running on funded account PHeww what a save and BS i have already crossed 30% on 5 accounts 900$+ profit i planned to keep them below 700$. {image}
Keep in mind that for the first three months, your payout is capped at 2k per account regardless how much you make. So swinging for the fence each day isn't necessary.
Trade with confidence, trade without fear.
  • #34,493
  • Apr 9, 2024 8:56am Apr 9, 2024 8:56am
Quoting montygoldy
Man i need to be more careful luckily made 200$ more... but what happened is added a short orders in asia as sl and tp. it hit my tp but i guess lt left the short stop loss order there. I just opened the tradovate and saw positions were running on funded account PHeww what a save and BS i have already crossed 30% on 5 accounts 900$+ profit i planned to keep them below 700$. {image}
You probably closed the trades manually. The SL and TP don't get cancelled, I think. Same thing happened to me. Closed manually, hit my TP and my trade was reversed, and fortunately for me, hit over 1k profit after a few hours when I was out swimming with the kids.
Edit: Ah, sorry. Saw your hit TP. Need to set OCO for the SL and TP,I guess.
  • #34,494
  • Apr 9, 2024 8:58am Apr 9, 2024 8:58am
Quoting Capablanca
{quote} It's fine to ask help to put Quantower to work with props but if you want to discuss trading strategies please open a separate topic. This thread should be used just related with props. Thanks for your understanding.
Thanks for the advice Capablanca. As I explained previously ...

https://www.forexfactory.com/thread/...8#post14812918

... as a newbie, I was unable to start a new thread, and apologised already to the members of this thread for my intrusion, especially if anyone felt it out of context. Perhaps you missed my previous post?

That said, upon reading your latest post, it appears that I can now start a new thread. So, I wonder if you would be my first guest if I did so, and join me to discuss your trading strategy?

With thanks
  • #34,495
  • Apr 9, 2024 9:01am Apr 9, 2024 9:01am
Quoting montygoldy
Man i need to be more careful luckily made 200$ more... but what happened is added a short orders in asia as sl and tp. it hit my tp but i guess lt left the short stop loss order there. I just opened the tradovate and saw positions were running on funded account PHeww what a save and BS i have already crossed 30% on 5 accounts 900$+ profit i planned to keep them below 700$. {image}
Good now your withdrawal threshold increased to 3200$ for some account. Thats the problem with futures there is no inherit SL and TP orders but if you use Quanttower you can have OCO orders but it doesn't support tradovate.
  • #34,496
  • Apr 9, 2024 9:03am Apr 9, 2024 9:03am
Quoting TortoiseFX
{quote} Thanks for the advice Capablanca. As I explained previously ... https://www.forexfactory.com/thread/...8#post14812918 ... as a newbie, I was unable to start a new thread, and apologised already to the members of this thread for my intrusion, especially if anyone felt it out of context. Perhaps you missed my previous post? That said, upon reading your latest post, it appears that I can now start a new thread. So, I wonder if you would be my first guest if I did so, and join me to discuss your trading strategy? With thanks...
Indicators like VWAP (not sure about pivot point) you need to buy paid version. Free version comes with basic indicators and copier within same prop firm.
  • #34,497
  • Apr 9, 2024 9:11am Apr 9, 2024 9:11am
Quoting maltrader
{quote} You probably closed the trades manually. The SL and TP don't get cancelled, I think. Same thing happened to me. Closed manually, hit my TP and my trade was reversed, and fortunately for me, hit over 1k profit after a few hours when I was out swimming with the kids. Edit: Ah, sorry. Saw your hit TP. Need to set OCO for the SL and TP,I guess.
I just now put a stickie on screen to MANDATORY click exit all order button after every trade close
Extreme gut feeling trader
  • #34,498
  • Apr 9, 2024 9:12am Apr 9, 2024 9:12am
Quoting maltrader
{quote} You probably closed the trades manually. The SL and TP don't get cancelled, I think. Same thing happened to me. Closed manually, hit my TP and my trade was reversed, and fortunately for me, hit over 1k profit after a few hours when I was out swimming with the kids. Edit: Ah, sorry. Saw your hit TP. Need to set OCO for the SL and TP,I guess.
atleast won but in process lost 150$ worth of drawdown. Sometimes winning not good
Extreme gut feeling trader
  • #34,499
  • Apr 9, 2024 9:15am Apr 9, 2024 9:15am
Quoting montygoldy
{quote} atleast won but i process lost 150$ worth of drawdown. Sometimes winning not good
Yep this trailing drawdown makes me fearful more on profits than on loss
  • #34,500
  • Apr 9, 2024 9:23am Apr 9, 2024 9:23am
Quoting Nsak3y
{quote}-I think that the point was that it is hypocritical for FTMO to allow prohibited activity while receiving client funds, but then change their tune when funds are to be paid out to client. It is the same story, across all firms, though. The nature of the business is understood by most, as well as the hypocrisy that drives it.
That is exactly the point.
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