thank you.
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Short version: has anyone checked how well FTMOâs free trial feed matches real live trading feeds?
The conversation has me reconsidering proprietary trading firms. Itâs safe to assume the feed used for the challenge and actual trading matches their live account, because their business would not be workable otherwise. But with high user load on the free challenge, there may be incentive to âsimulate dataâ as I have seen other brokers do on demo accounts.
If the free trial data is good, I canât think of a reason not to at least try it.
Besides, I have only good memories of my FTMO from back in college. Not sure how FTMO apply to Forex, but cool name anyway! 
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I think itâs the same. Iâm running the trial along with my live EagleFX and see no difference at all.
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Not sure. However, I believe that even funded traders are trading on a demo account with their trades getting pushed to a live account. The data feed supposedly mirrors LMAX live account.
On a side note, came across this article this morning:
In my opinion, Robinhood should not be liable for someone elseâs ignorance. This just leads to more rules and restrictions that are designed to protect ourselves from ourselves. This person made a choice to trade that kind of volume without first understanding what he was doing and now many people are likely going to have to jump through hoops in order to invest their own money.
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i think if you make the choice to trade and blow your account, thatâs on you. we donât need regulation for stupidity
i blew several forex accounts never once thought about killing myself but i knew to start small and learn the markets before i go big and when i went big i knew how to manage my system.
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I read two posted trades of FTMO trials.
What you guys did were to buy huge amount of contracts and sell a few minutes later. If you were lucky, you could pass challenge in one day. This is nothing to do with consistent profit. This is gambling.
Even if you get a funded account, I donât see how you can avoid breaking the rule later.
you need 10 days of trading
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Yes. he could trade the rest of days with 0.01 contract.
He bought 200+ contracts and sell 5 minutes later.
You see there were 5 contracts for each trade, but he opened 40+ trades within 5 minutes, and all sold 5 minutes later.
You guys donât like using C2, because this way you will get a huge drawdown in your C2 strategey.
And trading 200+ contract will get you none of subscribers.
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Or maybe you donât know what youâre talking about. At all.
Trading DOW mini is $5 for a single point move. 100 point swings that happen multiple times per day can be an easy $500 profit (or loss). So there is no âgamblingâ because if youâre on the wrong side you can easily find yourself in a big hole.
You donât need to hold on to these trades for very long. I just look for a particular setup and strike.
If I recall FTMO discourages overnight hold and no go on weekends. Intraday only.
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You didnât get my point.
I donât need to argue with you that using huge leverage to win 10% in 5 minutes in not a gambling, but a consistently profitable strategy. If you can do so, then you can grow your account 100 times in a day and why you need to use otherâs capital at all?
What they mean"it is easy to pass challenge" is that as a gambler in casino betting $1000 each time and saying it is easy to make $2000.
What I mean to pass challenge is that you have a strategy that can make 10% monthly with drawdown <10% consistently for long time.
Thatâs the beauty about trading with an edge vs your âgamblingâ analogy. In âtheoryâ one could grow an account from a measly $100 to $1,000,000. After all its a simple math equation. But thatâs not how it works in real life.
With an edge I can get in and out at certain key conditions, with an instrument that is probably one the most liquid.
Prop firms serve a purpose. Signal providers provide another. Neither is better then the other.
Prop firms provide a solution that undermines a lot of traders and that is being under capitalized. Also can provided needed discipline. Most invariably will wash out as only the strong survive.
As a signal provider one is simply selling your entries and exits to willing participants at your own discretion.
I suspected that I might attract naysayers when posting those results. Some traders do not take scalping seriously. I do not worry about it.
Anyway, I did state that I normally do not trade that way and that it was over-aggressive. I simply wanted to showcase that it was possible to pass the challenge quickly. I could reduce the trading volume and still pass the challenge, but it would take longer, so whatâs the point in this case? I did not want to spend too much time on it, as I am busy with other things. Quickly in and out of the market to mitigate risk.
One thing to keep in mind is that the lot sizes for indices are different. If you look at my profits and losses, you should see that. I certainly did not earn 10% in 5 minutes.
You can call it gambling all you want to, but a 94% win rate across 94 trades are odds that you will not find in a casino or on any lottery.
To each their own.
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I for one have been opposed to short term scalping in lieu of trading the weekly ranges in FX.
However all that changed when I stumbled across trading the DOW. Now thatâs all I do. One instrument, two or three trades a day and Iâm done.
Time frames are mostly 1m and 5m fib pivots. Did set up a 15m pivot on Tradingview on the 15 second tic, but rarely use anymore. Sometimes Iâll look at it to watch structures develop.
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None of you are consistently profitable.
Any one except inexperienced new bie knows this.
End of talk on this subject.
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Why so concerned over how or what others trade? So far all Iâve seen you do shill for a signal service and spit on other traders.
Youâre just a rando whoâs here just to talk 
and throw 
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On risk and the FTMO Challenge⌠Last week several of my systems had no signal at all. Before COVID-19, I was doing very well. A couple months ago, many of my systems went from sucessful to losing. Iâve had to make adjustments. My biggest concern about the FTMO Challenge is that we get some market changing event right when I start. Adjusting in real time is one advantage âat the keysâ traders have. In the big picture, itâs only a small risk. But, for many of us part timers, I do not think the FTMO Challenge win is a sure thing. I think my chances are very good, but not assured. Iâm at least going to try the free trial.
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Yeah im not sure FTMOâs setup will fit for everyone trading style. So far it seems to be fine for mine as itâs pretty much what im doing already. Just running a LMAX terminal with EagleFX
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why are you in this discussion? You should start a thread for the signal service you work for and let us Going Offshore traders talk shop. Thanks.
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great thing about trading the Dow is that the other major markets tend to follow the same path. S&P, Nasdaq, London, Frankfurt, Tokyo - once you âmasterâ the Dow (if you can ever really master tradingâŚ) you can trade all the major markets the same way.
I usually trade it on the M5 with my eye to the H1, now Iâve been looking at digging into the M1 after my M5 gives me the go ahead to nail that entry. Get in. Get out. Cash your check. Thatâs my philosophy
EDIT: and thatâs the other thing about the Dow - if you scalp any regular forex, youâre getting 1 or 2 pips per trade - if you âscalpâ the Dow youâre getting 30 or 40 pips per move. Love it.
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Exactly. No reason to hold on for very long at all.