26/08/2022
FTMO Challenge expertise
*** This season answers expert risk manager with experience in large international companies, Chief Dealer and VP Risk Manager ***
I got a call from a Canadian friend of mine who has been trying to get through the FTMO Challenge and wants to help with an ALGOTRADING project that we have been working on for the past few years.
At first glance, it seems illogical - a huge company with a million users promises to give anyone who passes their challenge $100,000 to leveraged trading at their own expense, provided they pass the test. The test is to reach a target of 10% profit within a month which is, in my opinion, not that difficult. The more challenging aspects are that you must not lose 5% during a trading day even "on paper". In addition, there are several restrictions on holding a trading position during important events.
Sharing information has never been easier which has led to hyper passionate opinion battles over every subject imaginable. FTMO is no different. Whether it is customer reactions , passionate bloggers, and knowledgeable experts to judgements based on pure fantasy and angry rants, FTMO requires more investigation to understand the essential value proposition.
In that spirit, decided to challenge the FTMO Challenge
After I opened a TRIAL account, it took me several weeks to adapt existing trading robots to the challenge conditions, optimized and set in motion.
A few days ago, my friend working on it manually and he has already successfully passed step one.
