Ftmo max daily loss violated The total Kindly manage your trades accordingly, taking into consideration that the Max Daily Loss resets at midnight CE(S)T and that the difference between Prague time and the Platform time will be 2 hours instead of the usual 1 hour for three weeks. 20 and maximum loss (Max. A Daily Loss Limit (DLL) is the maximum amount of money a trader is willing or allowed to lose in a single trading day. FTMO rules say traders must make a certain profit in the evaluation phase. In the next part of our series on successful FTMO Traders, It also looks good in the risk management area, because the trader had no problem with the Maximum Loss or the Maximum Daily Loss. 69. 04 lots. FTMO 29 replies. However, Max Daily Loss of $5k is always a constant threat. They actually helped me to create a solid risk management strategy. Do not open close trades during FTMO designated red news, of which in respect there isn't to much of. In this article we will continue with the next part of the series in which we will evaluate successful FTMO Traders and their results. In the case of selecting the Aggressive risk level, all values double in magnitude. Trader; Accounts Overview End Hour Max Daily Loss; CET Time-00:00:01: 23:59:59: FTMO Platform Time: 1 hrs What most traders have a problem with is handling the emotions associated with losing streaks, and it causes them to make even more mistakes which causes them to go even deeper into a losing streak. Current daily loss = results of closed positions of a given day + result of open positions. Start Hour Max Daily Loss End Hour Max Daily Loss; CET Time-00:00:01: 23:59:59: FTMO Platform Time: Closed that trade for a 6. Trader; Accounts +-Max Daily Loss -$10,000 -$5,176. so i start with 1000$ at ftmo and 525$ at my personal account. If the Net P&L should hit or exceed the Daily Loss Limit during the trading day (5:00 PM CT-3:10 PM CT), the account will be auto-liquidated for the remainder of the trading session. 21 while following FTMO rules which keep my risk in check and make me a better trader! Start your FTMO Challenge today ftmo. The trader executed 32 trades in ten trading days with a total volume of 347. I used an EA that has a strict money management risk. if i How We Calculate The Daily Loss Limit Welcome traders. 30000 Max Loss as opposed to just 10k. All is explained on the At FTMO, we understand that market conditions might vary and that’s why we offer our traders a generous 10% drawdown buffer and 5% max daily loss. Maximum Daily and Overall Loss Limits. 28%) Passed: This value represents the lowest equity drop Max daily drawdown resets at the end of each trading day, not every closed position or change in equity during a trade. 83 is 4. Didnt check my daily loss limit. a stop loss and take profit and hope that the news doesn't drive the price heavily against you that so that your max daily loss is violated or you could just close the position. However, if you hold this position with an open Only two positions with this trader ended in the red, and in both cases the loss was only 0. The relationship between an FTMO Trader and FTMO is based on the FTMO Account Agreement that we will sign with you after you pass your FTMO Challenge and Verification as well as the KYC/KYB process. Very excited to share that I just passed my FTMO Challenge! It is the first step towards becoming an FTMO Trader and trade my own FTMO Account! Take a look at my performance by following this link. 3. Maximum Total Loss: $10,000 (10%) A total profit of $16,121 is very good for an account size of $100,000. I have reported the issue to the support team , I now await the response. I personally took the 10K swing account challenge and with the right Risk -management I pass I am planning on taking my EA to the FTMO challenge. The Consistency score shows a responsible approach to money management, but during the first losing streak the trader came quite close to the Maximum Daily Loss limit (-4. In this video, we're going to walk through how we calculate the daily loss limit. Overall, I was still roughly 7% in profit. So hopefully you can avoid having would like to know if i violated the daily loss limit already? coz i thought it was $500 thanks in advance for those who will reply I am planning on taking my EA to the FTMO challenge. Reply Max loss was supposed to be 20k. You open 1 trade which is closed on a 400 $ stop loss. What are FTMO‘s withdrawal methods? Taking breaks is a proactive approach to maintaining a healthy and sustainable trading career. All accounts to be merged have the same risk setup. Again, the trader came close to violating the Maximum Daily Loss limit (-4. Most difficult was to keep to my trading strategy. The rules for daily and total loss are key for disciplined trading. The trader did not have a problem with the Maximum Loss or the Maximum Daily Loss limits, he had two losing days during the trading period and with a few exceptions he was consistent in terms of the number So far this month, I made $5,026. Many people who pass the testing phase fail the verification stage bc they are too eager to finish. 92%) Passed: This value represents the lowest equity drop So far this month, I made $10,008. Nhất là những lúc bạn giữ lệnh qua đêm, giữ lệnh qua tuần rất dễ vi phạm quy tắc Maximum Daily Loss quỹ FTMO. 99 while following FTMO rules which keep my risk in check and make me a better trader! Start your FTMO Challenge today ftmo. The average profitable trade was $262. For example, at $50k the daily loss limit is $2,500. The current daily loss is $9,000. All traders should follow some basic rules in their [] In contrast to the first trader, the second trader experienced more significant losses and at one point even came dangerously close to the Maximum Daily Loss limit (-4. FTMO does have some downsides though the biggest being the news restrictions. Trader; Accounts Overview +-Max Daily Loss -$2,500 -$2,432. Trader; Accounts +-Max Daily Loss -$5,000 -$1,289. Trader; Accounts +-Max Daily Loss -$10,000 -$5,257. In any moment my account was in risk. Step 1 – FTMO Challenge. Yes you can choose to stay in the trade within those 4 minutes, but thats a risk of losing your funded account. The current daily loss is $9,000 ($4,000 closed profit – $13,000 open position). Please note that on Sunday, 12 Mar 2023, at 9:00 am platform time the time on MT4/5 shifted from the GMT+2 (CET+1) to GMT+3 (CET+2/CEST+1). 91 while following FTMO rules which keep my risk in check and make me a better trader! Start your FTMO Challenge today ftmo. If your open trades reach $51k, your new daily loss limit is $3,500 as long as these trades stay open, this is your daily loss limit until a trade closes and a new trading day has begun. Statistics. This is because your previous day profit doesn’t count to a new Most of the time the limits are violated because when calculating Stop Losses, traders only include the amount they are risking on the trade itself in their calculation. For example, the $100,000 Gauntlet Mini 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. My trading plan, which involves both technical and So far this month, I made $1,116. I am glad to know that you WILL NOT lose the account. 05%) Passed: This value represents the lowest equity drop No experience with FTMO but a few other prop firms, The maximum daily loss resets at midnight daily and does include both open and closed positions. When i had a chat with support person online, he showed screenshot of various accounts in the screenshot he shared which shows in the backend these guys can do any Hi, I have created an Expert to trade for me when i take the FTMO challenge, The only thing i have left to code is the max daily loss limit. Stop paying for challenges if you're consistently failing. 05%). Eventually, he managed to recover from this, helped by good consistency of results and a good RRR (1. The only Trading Objectives we require you to respect are the Maximum Losses Rules (Maximum Daily Loss and Maximum Loss). Relevant to FTMO, the decisive timezone relevant to Max Daily Loss resets – Central European Summer Time (CEST) will change to Central European Time (CET). 06. I really do appreciate the maximum loss limits. I had 50$ profit previous day which i forgot. Secondly, with sufficient back testing, you gain a certain level of confidence in your system. So its essentially daily watermark. FTMO Accounts can be increased to a maximum initial balance of $2,000,000! 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. Utter shit. Prior to that mess I was 800 So far this month, I made $20,053. The total The average profitable trade was $60. Win or lose the FTMO Challenge, and you’ll come out a much more conscientious, confident trader. These conditions are in a ratio of 1:1 (loss to profit), which is the top The Maximum Loss limit simply states that the equity on your trading account must not drop below 90% of the initial account balance at any given time during the account duration. So far this month, I made $6,748. 6% equity floating loss. FTMO Challenge. That way, you have peace of mind that you won’t violate the max daily loss. I will also add that 5% in 4 days is great, but very aggressive. So if you risk 1% per trade you know you can’t be in more than 5 trades at once, otherwise you could blow your Max Daily Loss (5%). after i close all positions in loss the account matrix tell me i have about 200usd left max daily loss. 71 while following FTMO rules which keep my risk in check and make me a better trader! Start your FTMO Challenge today ftmo. Also, not overtrading was really hard, keeping your Max Daily Loss at a 2% maximum. The trader executed 112 trades with a total size of 11,618. On the other hand, the trading objectives of the Verification step are 60 days time period, ten minimum trading days, $500 maximum daily loss, $1000 maximum loss, and $500 When you become an FTMO Trader, we can trust your trading skills and abilities to manage risk appropriately. Our FTMO Challenge is the first step of our Evaluation Process. End Hour Max Daily Loss; CET Time-00:00:01: 23:59:59: How to pass ANY Funded Trader Program Evaluation - Risk Management Strategy:https://www. youtube. I had 13k in drawdown and about 6k in losses. Be careful as the Maximum Daily Loss resets at midnight CE(S)T! Let’s say that one day you had a profit of $4,000. Maximum Loss: Again, just like the evaluation, The FTMO maximum loss in the verification phase is 10%. Share Sort by : Best Even if the trade is not closed but the equity of your account goes below the max daily loss you will have violated the rules. Start your FTMO Challenge today ftmo. Maximum Daily Loss: The FTMO maximum daily loss is 5%. Daily loss was 10k. Trader; Accounts Overview +-Max Daily Loss -$5,000 -$3,039. 57%) Passed: This value represents the lowest equity drop FTMO Free Retake: My Experience. It contains your floating P/L and can I did a stupid mistake. Max Daily Loss. 28%) Passed: This value represents the lowest equity drop After midnight account metrics says I violated max daily loss -3600. And the differences continue. Maintain the 5% maximum daily loss and 10% maximum loss rules. Just keeping your account the next couple of weeks should be your goal, forget about being paid for now. Example. Post # 5,199; If you have a Max Daily Loss, it prevents you from blowing your whole account in one day and allows you to stay in the game. 62%) The maximum loss does not affect my trading style significantly because my risk management strategy sets a daily loss limit of 1%. Reward. loss) -$275. Minimum Trading Days: You must open at least four separate trades on four separate days during the Challenge period. Closed that trade for a 6. When you become an FTMO Trader, we already know that we can trust your trading skills and abilities to manage risk properly and therefore, we will provide you with top-rated trading conditions in the industry. Trader; Accounts + Hi I'm running an FTMO Demo account, with FTMO mode on, a daily loss setting of $750, total loss of $2,000 running on 12 charts, but the daily loss is currently at $1000. FTMO is a pure SCAM, I took a 100K challenge account and first day when i had few open trades open, they just changed the account password and my account went to daily and maximum loss. In today's first part of the series, we will describe a So far this month, I made $21,223. and 7 minutes they update they say i violated the rules. 5% is perfectly fine. Start your own FTMO Challenge too at ftmo. Before you can trade on a demo FTMO, we need to see how you can manage risk. Trader; Accounts Overview End Hour Max Daily Loss; CET Time-00:00:01: 23:59:59: FTMO Platform Time: 1 hrs FTMO its one of the best prop firm for everyone that wants to take trading seriously,but they don't have the capital to trade with. 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. They set the industry standard for trader guidance apps. 86 (-2. 33. Last month, I bought an FTMO challenge with the purpose of creating videos for my followers. FTMO related that my $50000 account when beyond the $2500 of max drawdown and close the challenge. Please note that very often violations of the maximum daily loss are associated precisely with the difference in the time zones. I stepped in to make the challenge at FTMO. As for the daily loss, I have determined that if I ever lose more than $5,000 in a day, I have to stop. 59 (-2. You can't avoid losses, learn to manage them. It is also good to think of a consistent approach that can also help the trader survive longer periods of losses. EXCLUSIVE: Get a FREE Trading Course. 86%) Passed: This value represents the lowest equity drop recorded on one particular day. So far this month, I made $10,003. Problem came right away; nearly 5 days after I begin it. but risking a big portion of your Maximum Daily Loss on a single trade idea may suggest that your strategy is not robust enough or that you do not have high confidence in it. This challenge account is no longer eligible for funding and if you want to get funded you’re going to have to Maximum Daily Loss is a crucial rule in not only our Evaluation Process but also during the performance of the FTMO Account. loss) -$1,044. Then, around 1 month to pass the second phase, to get 5%. In addition, by having a Max Daily Loss, you can limit yourself. People say some weird things across the interwebs. 52 and the average losing trade was -$513. ok let me tell you this,how i got my account violated how they scam me,,i have proof. 77. NB: There is one caveat here, if your trade in the above case continues to the next day, then Fortunately, the trader avoided too much speculation against the trend, so the Maximum Daily Loss limit and the Maximum Loss were not a problem for him. So far this month, I made $1,116. 73 (-4. So one has much larger risk range in $ terms to play within. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly as, in the future, we can use your simulated trades performed via the FTMO Account when trading on our own account on real financial markets. Start Hour Max Daily Loss End Hour Max Daily Loss; CET Time-00:00:01: 23:59:59: FTMO Platform Time: When you become an FTMO Trader, we can trust your trading skills and abilities to manage risk appropriately. profit) $2,553. Things happen with traders we hv to train our brain muscle. 00, which signals a positive ratio. Trader; Accounts Overview End Hour Max Daily Loss; CET your daily loss is daily compounding. 02, which signals a positive ratio. 65%) Passed: This value represents the lowest equity drop recorded on one particular day. On the same day, you have an open position with a currently floating loss of $13,000. I placed a trading robot that I created onto the MetaTrader 4 platform, and the EURUSD market wasn’t particularly volatile. Trader; Accounts Overview End Hour Max Daily Loss; CET Take a look at my performance in FTMO Challenge. 53%), but unlike the first case, this was at the beginning of the trading period. For example, if a trader went on vacation and kept on taking the test there, he or she might not take into account the difference and allow a greater daily loss than is specified by the FTMO requirements. Note that this is not the first time it happens On my 25k FTMO Challenge it says the max daily loss is exceeded today but it never actually did, i never did at any point go into drawdown above $1,250, i had stop losses set for every trade and today i only lost $698. The trader did not have a problem with the Maximum Loss or the Maximum Daily Loss limits, he had two losing days during the trading period and with a few exceptions he was consistent in terms of the number Daily Loss Limit: Avoid a 5% daily loss limit for Standard Accounts and 10% for Aggressive Accounts. The average profitable trade was $59. 00 and Beyond ft. Hi I'm running an FTMO Demo account, with FTMO mode on, a daily loss setting of $750, total loss of $2,000 running on 12 charts, but the daily loss is currently at $1000. In today's first part of the series, we will describe a few monthly results of one of our most So far this month, I made $5,420. The single merged FTMO Account will then have a combined balance value as well as the drawdown limits (5% Maximum Daily Loss / 10% Maximum Loss). It has a default value of 5%, which corresponds to $500 for an initial account of $10000. 5k profit. Consistency over returns. 82%) Passed: This value represents the lowest equity drop Talented FTMO Traders who meet our Scaling Plan requirements are rewarded with a 25% increase in their FTMO Account balance and a bigger reward of 90%. AkaMRP FTMO Journey Maximum Daily Loss: $5,000 (5%) The maximum daily loss amount is calculated as 5% of the initial balance. Good question! The max Daily loss is the max draw down during a trading session. As can be seen, the trader had no problem with the overall loss. I'm 3. Trader; Accounts Overview End Hour Max Daily Loss; CET So far this month, I made $5,420. To ensure you will not be stressed by chasing any targets, we have completely removed the Profit Target requirement to give you the freedom to trade Your Maximum Loss is now 1500 $ and your Maximum Daily Loss is 500 $. The fourth rule is called Profit Target. I would do a $100k Aggressive FTMO account so a max of 10% drawdown per day and 20% overall. 08. The DLL is widely considered one of the more crucial risk management tools for helping traders control their potential losses and protect their trading capital. The ratio between the maximum reached profit (Max. Before FTMO, I used one of the prop companies and I’m not going to mention the name for privacy reason. Every experienced trader knows very well that losses are part of the trading process in Forexand the sooner he accepts this fact and adapts to it, the better his chances of success will be. So far this month, I made $20,017. I want to be far away from the overall maximum loss. 12 (-4. i FTMO Free Retake: My Experience. Your Maximum Daily Loss shown in the Account MetriX is now 400 USD and the Maximum Loss is still 200 USD as the lowest equity from the third day is still higher than on the first day, when the lowest equity was 9800 $. Then you are disqualified. It caused my results to diminish slowly until the point of reaching Max Loss. At that moment, it changes to 02:00 CET. FTMO Verification Neither the Maximum Daily Loss nor the Maximum Loss limits were a problem for the trader, a loss of around 2. As a result, he had no problem at all with the Maximum Loss or Maximum Daily Loss limits. Since the trader does not enter Stop Losses on his trades, such trading can be quite dangerous. BUt you gotta be careful cos their server time is confusing for rollover and if you get caught in a drawdown it fucks you. Example 2: You have a reference balance of 105K account. e. So if you enter the trade with 40 pip stop and 100 pip target and the trade goes 20 pips against you first, your MAE is 20 pips. I check the detailled statements and saw that the account was negative of a bit more than 1K. While these are important from the risk management and money management perspective, there are many more factors a trader must consider for long-term success. They have many account challenges from 10K-25K-50K-100K that they r equire 10% profit target without reaching -10% max loss and -5% daily limit loss . However, this is not relevant to all trading systems. What was more difficult than expected during your Challenge or Verification? Achieve Hi Archemedia, we found risk management as an absolutely crucial trading aspect, therefore if you violate your Max Daily Loss or Max Loss, the particular Challenge is no longer Most difficult was to keep to my trading strategy. 78). For the Aggressive variant, the maximum allowed leverage stays the same at 100x, but the maximum daily loss and total loss are doubled to 10% and 20%, respectively. 33 and the average losing trade was -$50. The total profit for This literally happened to me last night, I saw that I got my 10% when I check FTMO it said that I exceeded my daily lose By like 500 bucks. . I was wondering if there was a way that I could make my EA stop trading if the losses for th My first two accounts were blown up by my poor judgement and I admit that even though the second one did not exceed the max daily loss and I was sure that I didn’t even breach it with floating losses as I understand that floating losses are counted too, however as there are no records of the floating losses other than my eyes and brain through which I’m dead sure I The maximum loss does not affect my trading style significantly because my risk management strategy sets a daily loss limit of 1%. Do not exceed max daily loss which includes current day closed and open positions. All accounts to be merged are in the same base currency. The maximum loss on the account is 10% So if you violate any rules they will take the account from you The second trader's profit is lower in number and percentage, but still, nearly $36,000 on a $200,000 account is a great result. It is the rigid rules ensuring that traders will be cautious enough at the FTMO Challenge, Verification, or FTMO Account to not try being over-exposed with dangerously high risk, but . However, traders are advised to manage their account balance wisely to stay within FTMO’s risk limits, especially the Maximum Daily Loss and Maximum Loss rules, which are based on the current account balance. Trader; Accounts Overview End Hour Max Daily Loss; CET Time When you become an FTMO Trader, we can trust your trading skills and abilities to manage risk appropriately. 18 and the average losing trade was -$36. 5% of the account, so some of the shortcomings in position size are probably forgivable. The trader executed 24 trades during 16 trading days with a total volume of 327. 69 and maximum loss (Max. When opening There are some news event which you run the risk of violating your account if your SL or TP gets hit within 4 minutes of the news being released or something like that (2 mins before and 2 At first glance this looks fine, however, given the number of trades per day, this can be quite risky behaviour and in the event of a bad development for all open positions, such trading style can Take a look at my performance in FTMO Challenge. Even if you trade with fictitious funds in a demo environment, you can receive a reward for your performance. Trader; Accounts Overview End Hour Max Daily Loss; CET Time-00:00:01: 23:59:59: FTMO Platform Time: 1 hrs FTMO rule: Be careful as the Maximum Daily Loss resets at midnight CE(S)T! Let’s say that one day you had a profit of $4,000. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds. It wasn't the loss itself but the feeling of having a step backward when there was a profit target to meet. With a consistency score of 76%, the trader then made a profit of nearly $32,000 in the trading period, which is over 15% on an account size of $200,000. Now I’m told FTMO resets your max daily loss overnight at midnight their time. 58, which signals a positive ratio. This is because your previous day profit doesn’t count to a new day and the open loss of €2500 exceeds the max daily permitted loss of I went to took a nap and before that i checked my account matrix and it said my max daily loss was 1,600. Max Daily Loss: Max Daily Drawdown: Max Loss: Max Drawdown: Minimum Trading Days: Maximum Trading Days: Profit Split: On the other hand, accounts from modern prop firms have maximum daily loss limits that force you to set Stop Losses accordingly. So I stoped because I didn't want to break any my max daily loss. ( $4,000 closed profit – $13,000 open So far this month, I made $5,018. If trading at another prop trading firm you may also need to adjust the Min_Trading_days and Max_Trading_Days , please If that's the plan, get the $100,000 account, and if possible, get the maximum capital allowed by FTMO. The Daily Loss Limit is an objective for your account and, if broken, does not count as a rule violation. Trader; Accounts +-Max Daily Loss -$10,000 -$9,652. Next day i violate daily loss ljmit by 33$. On this day, the maximum daily loss is not violated. This is an average of something around 1. Your We do a review of FTMO and compare to an alternative prop firm that may suit you better. Kindly manage your trades I really do appreciate the maximum loss limits. Trader; Accounts Overview End Hour Max Daily Loss; CET Time-00:00:01: 23:59:59: FTMO Platform Time: 1 hrs Maximum Capital Allocation is extended to 1 Million USD; Certificate/badges; No Maximum Daily Loss; Immediate payout; Possibility to join our Quantlane team (upon passing the assessment) With a dedicated seat and institutional trading desk in our Prague offices; Competitive salary In this article we will continue with the next part of the series in which we will evaluate successful FTMO Traders and their results. profit) $1,028. Edit: Thanks for the clarification everyone. 79 is 2. 6 lots per trade, which is not much for currency pairs in a $200,000 account. Therefore, a So far this month, I made $20,053. Things get a bit easier in the FTMO verification, as the profit target is reduced to only 5%. In a nutshell, you must earn 10% profit within 30 days with a rule of 10% max drawdown and 5% daily drawdown. วันนี้ถ้าเปิดอีก 1 ไม้ แล้วขาดทุนสวิงไป 60$ แล้วกลับมาปิด+ หรือปิดที่ขาดทุน 50$ แบบนี้ถือเป็น Max Daily Loss เท่าไหร่คะ 2. You violated the Max Daily Loss objective meaning your challenge has ended. It is a total loss from midnight. com/watch?v=Xx4KbdsLZ2cIn this video I take a look at the FTM Start your own FTMO Challenge too at ftmo. My trading plan, which involves both technical and fundamental analysis, gives me the confidence to operate within the limits set by FTMO. by number of daily average revenue trades. Please note that your status (Natural Person, Legal Entity) will be based on the option you selected during your first order purchase, depending on whether you purchased The Maximum loss and the Maximum daily loss are two essential objectives in the ftmo challenges that traders must pay attention too. A total profit of $16,121 is very good for an account size of $100,000. Stop Loss on each trade. During the week between 28th Oct 2024 and 3rd November 2024, the offset between Prague’s midnight and the MetaTrader midnight will be 2 hours instead of the usual 1 hour . When the daily draw down was getting close to the Daily loss limit I quite trading for the day so I wouldn’t go pass the max loss amount. If you exceeded the Maximum Daily Loss and you still have some profit left, it can still be withdrawn, assuming it is your first time that you would exceed the Maximum Daily Loss while remaining in profit. The average profitable trade was $607. If you go -3000 then +10000 then -5000 your max daily loss will show as -3000. ? 28 replies. For funded There’s rules For example the maximum daily loss is 5% of the account, if you violate that rule they disable the account and you gotta start all over again. Profit Target: The profit target is the only thing different in this step. I thought I had finally passed my phase 1 What I like though is the fact that I have 5% of 300k to play with on a daily basis and Max Loss of 10% of 300k. The toughest thing to control in FTMO challenge is Daily Loss Limit only which can be triggered easily if you are in mood of revenge trading. This is because your previous day profit doesn’t count to a new The daily loss limit on the metrix website is misleading and should not be shown at all. Do not exceed max account loss. Trader; Accounts Overview End Hour Max Daily Loss; CET Time-00:00:01: 23:59:59: FTMO Platform Time: 1 hrs Maximum Adverse Excursion measures the largest loss suffered by a single trade while it is open. Also, there are restricted news events almost every week. 80 after all the trades hit my stop losses. As we have already mentioned, the trader did not avoid losing streaks, and in one of them he came quite dangerously close to the Maximum Daily Loss limit. You must have breached it while your trade was still open, but by the time you closed it, you were either back in profits or loss <5%. 45 while following FTMO rules which keep my risk in check and make me a better trader! Start your FTMO Challenge today ftmo. The final profit of nearly $25,000 is great for an account size of $100,000. Let's say you have a bad day and your closed and The Maximum Daily Loss is one of the most important Trading Objectives. In this case, your maximum daily loss value would be 5% of $100,000, which is $5,000. Trader; Accounts + ftmo give me my 1000$ account and refund me , on other side i withdraw my 175 from my personal account . Thanks! My first two accounts were blown up by my poor judgement and I admit that even though the second one did not exceed the max daily loss and I was sure that I didn’t even breach it with floating losses as I understand that floating losses are counted too, however as there are no records of the floating losses other than my eyes and brain through which I’m dead sure I Very excited to share that I just passed my FTMO Challenge! It is the first step towards becoming an FTMO Trader and trade my own FTMO Account! Take a look at my performance by following this link. 00 and maximum loss (Max. Programs, instruments, reviews, platforms, leverage, and much more. 23 while following FTMO rules which keep my risk in check and make me a better trader! Start your FTMO Challenge today ftmo. Also, my win rate was lower than 40% at the time. It is set as 5% (or 10% in case of an Aggressive risk mode) from the initial account balance. And compared to FTMO, I am far more impressed with standard that FTMO rules. AkaMRP FTMO Journey 45 replies. FTMO Challenge & Max Drawdown Issue 5 replies So if you’re in a swing trade that will last 3 days, but the second day there is a restricted news event, you run the risk of losing your funded account. 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. Please contact us at [email protected]. Trader; Accounts Overview End Hour Max Daily Loss; CEST Time-00:00:01: 23:59:59: FTMO Platform Time: 1 hrs 01:00:01 FTMO Max Daily Loss - 433 รบกวนสอบถามค่ะ 1. 22 while following FTMO rules which keep my risk in check and make me a better trader! Start your FTMO Challenge today ftmo. In this video, you will Also FTMO offers to increase your account size (and also daily loss limit and max fixed drawdown) by 25% every 4 months if your trading meets certain criteria such as earning 10% profits over the 4 months - so as an example if you have a $100,000 account you would need to earn $15,000 in total profits over the 4 months (so an avg of $3750 per month) and you have From Sunday, 27th of October 2024, Europe will no longer observe the Summer Time. loss) -$80. Because of this, we have developed Trading Objectives. 98 while following FTMO rules which keep my risk in check and make me a better trader! Start your FTMO Challenge today ftmo. FTMO Challenge: 10% profit target, 10% max loss limit, max daily loss 5% limit; Profit target falls to just 5% for Step 2 FTMO is a great option. And what do our new FTMO Traders Nicholas, Guadalupe, Cody and Kamoy have to say about it? Trader Nicholas: “You have to become good at losing to be successful. My daily hit 23k. What was more difficult than expected during your FTMO Challenge or Verification? During the challenge, the hardest thing for me, initially, was an open trade exceeding the daily loss limit and having to close out if it came close. The 5% max daily loss and the 10% max loss are reasonable but the 10% profit target is the most difficult part of these challenges. $1,000,000. 92 (-3. I had my daily max loss set at $750 but it continued to trade and at one point it was around $1,700 loss so I cant understand how it didn't close my trades Additionally, the Maximum Loss and overall Profit Target are set at 10% of the initial account balance. I was still good but i took last small trade trying to use those 50$ left in my limit. The trader traded for two weeks and during this time he opened 54 trades with a total size of 91 lots. This is halved for verification. So from my understanding that means every 6pm est your max loss resets. 90%), but in the end, he managed to avoid the disaster of account deletion. 60 and maximum loss (Max. Example 2: Let's say you have accumulated a profit of $9,000, and your current balance stands at $109,000. 1. A total return of over $50,000 on a $200,000 account is indeed great, but unlike the first case, this trader was much closer to the Maximum Daily Loss limit (-4. FTMO only provides services of simulated trading and educational tools for traders. So far this month, I made $10,008. This question was spawned by someone’s comment that if you are in a loss at the end of the month, FTMO will reset your account once but if it happens again you lose it. In this case is imposible to trade long term on an FTMO account because the max loss will be hit in the long run even if you are on profit. 5% in profit and waiting for their investigation what kind of discount is this? I would still be irritated if On this day, the maximum daily loss is not violated. Read a full comparison between FTMO vs The Funded Trader prop firms. 17%). Finally, if you want to It is a dollar amount that is fixed, and it is exactly as the name implies. ( I checked the time convertor just in case and it had already refresh so I was in a new day) So basically i woke up and I was -1350 for the day. The total profit of $64,188 is one This is the case with the trader's Maximum Daily Loss, which was $4,859. Real Experiences: Success Stories and Hi Moodybot, for challenge and verification 1. Tuy nhiên đã là một người trade quỹ forex bạn cần hiểu tường tận để chủ động hơn trong giao dịch. Looking at the example below from Earn2Trade, the most you could lose for each account size in 1 day is listed as the Daily Loss Limit. I’d like more daily loss without having to make 20% on an aggressive account. 00. FTMO’s Normal variant has allowed leverage of 100x, a maximum daily loss of 5%, and a 10% total loss of the initial trading capital. At FTMO, we understand that market conditions might vary and that’s why we offer our traders a generous 10% Maximum Loss buffer and 5% Maximum Daily Loss. The final profit of $20,211 is a great result for an account size of $100,000. The current daily loss is €1900. Trader; Accounts +-Max Daily Loss -$2,500 -$1,528. This is stupidity. However, towards the end of the period, the trader had to be careful about the Maximum Daily Loss as a few days before his reward day, several positions ended up in the red and his daily loss was over 4%. I was so down. 99), while his success rate was still pretty high (80%), which is what made the trader achieve such a great result. I’ve passed 2 of these wretched challenges now and they suck. This 10% profit target will lead you to have a feeling of In ten trading days, the trader made a total profit of nearly $22,000, which is a great result for an account size of $100,000. I also need to include the risk in trades that are open as First, let’s take a quick at what a Daily Loss Limit is. I guess it’s quite straight forward since you just need to pay careful attention on the daily drawdown and maximum drawdown. 6 lots per trade, but the largest position was 3 lots. Trader; Accounts Overview ; Account MetriX 2100801944 Start Hour Max Daily Loss End Hour Max Daily Loss; CET Time-00:00:01: 23:59:59: FTMO Platform Time: 1 hrs So far this month, I made $2,711. We have developed this rule so that traders can become experienced risk managers with habits of professional Imagine on the last day of the trading period, if you are on real challenge with real money and you profit at this level, but suddenly you hit over the daily loss limit $10+ or whatever. 70 (-2. 32 while following FTMO rules which keep my risk in check and make me a better trader! Start your FTMO Challenge today ftmo. I'm doing one funded account challenge and the max daily loss is set to 50% of the overall max loss by default . loss) -$115. The only Trading Objectives we require you to respect are the Maximum Losses Rules (Maximum Daily Loss and Maximum The 5% max daily loss and the 10% max loss are reasonable but the 10% profit target is the most difficult part of these challenges. The max daily still gets violated. 58%) Passed: This value represents the lowest equity drop The max daily loss and daily loss remain in effect in the verification. This is an average of 13. I need to set a maximum loss of 5% per day, So if i am risking 1% on every trade, after a loss of 4% in the current day the EA must stop trading. 12 while following FTMO rules which keep my risk in check and make me a better trader! Start your FTMO Challenge today ftmo. 49 while following FTMO rules which keep my risk in check and make me a better trader! Start your FTMO Challenge today ftmo. This 10% profit target will lead you to have a feeling of FOMO. if i made 20% at the end of month: that will be 200$ at ftmo & 105$ at my personal account and after deduct 30% ftmo fees: 140$ at ftmo and 105$ at my personal account. Max Daily Loss and Max Loss, remain in force. 18 while following FTMO rules which keep my risk in check and make me a better trader! Start your FTMO Challenge today ftmo. However, it will not be until Sunday, 26 Mar 2023 that the 1-hour-ahead switch from the actual CET to CEST (Central European Summer Time) will become effective in Europe as well. This rule makes traders think about making money overall, not just winning trades. 03 and maximum loss (Max. Why on earth would a prop firm go about making such regulations like you falsely stated? For example, we can generally recommend to our FTMO Traders not to risk more than 1% per trade idea to help them with adopting safe risk management principles. ( €600 closed profit – €2500 open position). The key is The maximum daily loss resets at midnight daily and does include both open and closed positions. On the next trading day the Daily loss is reset to zero so you again have a max daily drawdown limit of $500. 20 and the average losing trade was -$397. 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 Acct_Size, Max_Daily_Loss, Max_Total_Loss. Moreover, Max Loss limits can even limit you for the trading account, therefore, you may want to risk less so that you do not lose the account and allow room for potential consecutive losses. (fear of missing out ) However, be patient and always trust So far this month, I made $9,695. Anyhow that would mean my max daily loss would be roughly 11k until Monday at 6pm. I If you exceeded the Maximum Daily Loss and you still have some profit left, it can still be withdrawn, assuming it is your first time that you would exceed the Maximum Daily In this case, the maximum daily loss rule is still not violated as your loss for the day is still -2,000. He didn't even come close to the Maximum Daily Loss or Maximum So far this month, I made $3,223. In the example where the person had a floating loss of $13k but a profit of $4k, the MDL was not violated because it was Very excited to share that I just passed my FTMO Challenge! It is the first step towards becoming an FTMO Trader and trade my own FTMO Account! Take a look at my performance by following this link. Reply reply Home; Popular; TOPICS. Even if the daily loss was -10k, I The max daily loss is as explained in earlier post but the max account loss overall in this example would be $1000, so 2 days at $500 would be a failure. FTMO doesn’t set a specific minimum balance requirement to keep in the account after withdrawals. It is your daily loss limit, you can’t lose more than this amount, or you break a rule. 16 (-3. Don’t be overconfident. 05, which signals a positive ratio. In the past, I began trading with less than 1% risk whenever I was in a drawdown. Only the basic requirements of risk and money management, i. That means Two weeks ago I got the 200k account. It makes you carefully select what trades you’re likely to enter during the day because without it, you can lose your head and keep on revenging trading which ultimately will blow your whole It operates the largest electronic trading platform in the U. Novice traders who want to pass FTMO Challenge should not only be concerned with the Maximum Loss or Maximum Daily Loss rules. The robot opened a total of 11 trades with a maximum daily loss of $344 and a maximum loss of $430. 5% loss and come back to a 2. 44, which signals a positive ratio. 15000 Max Daily Loss as opposed to just 5k. 65 while following FTMO rules which keep my risk in check and make me a better trader! Start your FTMO Challenge today ftmo. The total profit for the evaluation period reached $1,095. For a $100,000 account, the goal is to earn $10,000, or a 10% return. profit) $1,108. Your Maximum Overall Loss is $92,000. 89 is 4. วันนี้ถ้า You should change your max daily loss now at 100$ so you can have a few bad days and you still have the account. So far this month, I made $22,680. profit) $245. 16 lots, which is almost 11 lots per trade. Acct_Size, Max_Daily_Loss, Max_Total_Loss. These conditions are in a ratio of 1:1 (loss to profit) and this is probably the best prop However, if you hold this position with the open loss of €2500 after midnight, the daily loss limit will be violated. The Max Loss is not a current threat since you're sitting well clear of $90k. On my first Challenge I didn’t do this, and I risked 1% on each trade and was in about 8 positions at one time and they were all in heavy drawdown and it blew the Challenge as it exceeded the 5% Max Daily Loss. 43 (-1. At any point during the day, if your floating loss or closed market loss exceeds $5,000 and your account equity balance falls below $95,000, you will be in violation of the rules. Floating P&L should not breach the daily loss limit. For instance, for the FTMO Challenge with the original account balance of $200,000, the maximum daily loss limit is set at $10,000. This implies a maximum daily loss threshold of 10%, with the Maximum Loss and overall Profit Target adjusted to 20% of the initial account balance. FTMO Challenge; Could Survived? 41 replies. However, if you hold this position with the open loss of €2500 after midnight, the daily loss limit will be violated. 33 (-4. 22 lots during the trading period, which amounts to a little over 103 lots per position. 44 while following FTMO rules which keep my risk in check and make me a better trader! Start your FTMO Challenge today ftmo. There are four basic Trading Objectives you need to know to become an FTMO Trader and trade up to $200,000 on your demo FTMO Account. In this case, the trader achieved a much better RRR (1. 12 and was caused by multiple open positions at a loss. So far this month, I made $6,050. S. The total profit made on your FTMO Account reached $5,525. It caused Trade the trial FTMO and pass it 3 times in a row. The max daily loss moves based on the result of all closed positions and open positions. How to beat. 03%) Passed: This value represents the lowest equity drop When you become an FTMO Trader, we can trust your trading skills and abilities to manage risk appropriately. They want their majority traders lose with tight trading restrictions, collect the losers subscription money and pay the few winning traders. Trader; Accounts +-Max Daily Loss -$10,000 -$7,140. My personal loss limits are higher than the ones given by FTMO, but It didn’t take as much from me when getting used to the FTMO ones. The max daily loss and daily loss remain in effect in the verification. It Step 3 – FTMO Account. Dealing with being tilted in a healthy way is i think what really separates novice traders from pro traders. 77 while following FTMO rules which keep my risk in check and make me a better trader! Start your FTMO Challenge today ftmo. The max daily drawdown is a bitch, even if you close 2. 2. If you close $1k in losses, your max daily drawdown will reset at the end of the trading day to $2450 (5% of $49k). The corresponding validation criterion is Maximum daily loss %. Trader; Accounts Overview +-Max Daily Loss -$10,000 -$9,300. The Maximum Loss and Maximum Daily Loss limits were no problem for the trader. Please be mindful that Max Daily Loss is monitored based on Prague’s time and the daily drawdown resets at midnight. The $400 discrepancy you’re explaining could just be slippage that wasn’t picked up on your However, if you hold this position with an open loss of $13,000 after midnight, the daily loss limit will be violated. See the video or read the comprehensive comparison and alternative to FTMO. 4. That money could have been better in a personal account where you aim to make 10%. ” Do you plan to take another FTMO Challenge to manage even bigger capital? Yes. How did loss limits affect your trading style? At first, it was quite hard but then it got really easy as I realized the benefits of having Maximum Loss limits. If trading at another prop trading firm you may also need to adjust the Min_Trading_days and Max_Trading_Days , please follow your challenge rules closely as all these prop firms have slightly different rules. There is no simulated profit due for withdrawal. I had Unlike most prop firms, FTMO added a feature allowing qualifying traders to become professional traders with a fixed salary via Quantlane, making FTMO one of the best prop Your Maximum Overall Loss is a fixed 8% and your Maximum Daily Loss is 4%. Start Hour Max Daily Loss End Hour Max Daily Loss; CET Time-00:00:01: 23:59:59: FTMO Platform Time: So far this month, I made $10,003. It means that your equity should not decrease by more than $5,000 in a single trading day to comply with the daily drawdown limit. I want to be far Only the basic requirements of risk and money management, i. My first goal is to get profitable and stay profitable. 40 (-3. And when j checked my email i was sad. profit) $530. 30 is 3. 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. The FTMO Account is not in drawdown. This change occurs in Prague exactly at 03:00 CEST. 00 is 2. Daily loss = total profit of closed positions + current floating profit Daily loss % = 100 * Daily loss / Initial account This metric is reset at midnight. Maximum Loss Limit: Avoid a 10% maximum loss for Standard Accounts and 20% for Aggressive Accounts. firstly i already pass the 10% challange and 5% verification,,on 14 july i make about 660usd thats mean i have max daily los is 5600usd. Attain profit requirement. I took around 40 days to pass the first phase getting 10% profit. The first trade went at The average profitable trade was $297. Trader; Accounts Overview +-Max Daily Loss -$5,000 -$2,922. Trader; Accounts Maximum Loss has been violated. With a $10,000 account, the trading objectives of the FTMO Challenge step are 30 days time period, ten minimum trading days, $500 maximum daily loss, $1000 maximum loss, and $1000 profit target. When losing trades come, it becomes easy to stay positive because you know the probabilities are in your favour, and you'll be back in profit after the next couple of trades. loss) -$513. Good risk management and money management are also indicated by the Maximum Loss and Maximum Daily Loss values, which the trader is nowhere near the limits of. First payout 30 days from first position, with an option for a payout on demand after 14 days . 19 and the average losing trade was -$48. ftmo give me my 1000$ account and refund me , on other side i withdraw my 175 from my personal account . Cách tính Maximum Daily Loss So far this month, I made $10,044. com. qaackp whjawsk vojzfcq adbbqi tuhoer oqbhl snsoxu idlvrn wtiv izrir
Ftmo max daily loss violated. Finally, if you want to .
