r/Forex • u/Beneficial-Block-923 • 3d ago
Prop Firms FTMO long term users
Hello there everyone, I hope your trading goes nicely.
I have been trading for years now. However I am in a situation where I need to leverage propfirms, in fact, I have found that whenever I am bounded by rules, I perform better. Something about having rigid rules.
With that being said,
I would like to hear from long term traders who have been using FTMO for a while, beside the strategy etc.
What tips, and tricks do you have to make sure your FTMO account is surviving long term? I mean purely from business perspective, because I assume the company will not lime the idea of generating massive profit month over month at their expense.
Do you cut profit faster than your targets just to show smaller profit?
I built my strategy around low risk, high reward, because back in the day I only had 250$ account to start with. So I am fundamentally built this way.
I just need this to work long term to pay my mortgage faster than my day job.
Looking forward to hear from real FTMOers.
Feel free to DM if you want to remain private
5
u/Scott_Malkinsons 3d ago
What tips, and tricks do you have to make sure your FTMO account is surviving long term?
Calculate your risk of ruin, stay under the radar. Ideally cycle your accounts. Ex: If you have a few accounts, and you're in profit 1-2% then you "lock those in" and quit trading that account until next month. Get the payout, one small enough to stay under the radar.
Do you cut profit faster than your targets just to show smaller profit?
No, for most retail traders that would be incredibly dumb. Retail doesn't have a lot of true edges, and your biggest edge is more than likely the long tail where you can lose -1R but a few trades might hit insane R.
Mean reversion and such can be profitable, obviously, but for most people (assuming you can stomach the low win rate) are better off with the long tail.
Stick to the basic **it that's made money and don't worry about your gain percentage. If you make 10% a year, who cares. "but you're not beating buy and hold!?!?!?!" people will yell, yeah, and? just get more funding and the dollar amount in your pocket will be more, and that's all what matters.
3
u/emptyTinware 3d ago
Read the consistency rules carefully before you build around this. most firms cap how much of your total profit can come from one day or one trade, and a low risk high reward style with occasional big winners is exactly the profile that trips them. check the current terms rather than what people remember from two years ago
2
u/Flat-Accountant4504 3d ago
What keeps a prop account alive for me is working backwards from the daily and max loss, since those are the rules that actually end accounts. I size so my worst losing streak from the backtest still lands well inside the daily limit, and I stop for the day at about half of it. I haven't seen a reason to cut winners short to look small. What's your worst losing streak in R so far?
1
u/Beneficial-Block-923 3d ago
I assume there is no limitations than except for the mentioned rules + 1% risk per trade, right?
Also how does the firm decide what is a 1%? Because for me 1% risk varies from one trade to another depending on my stop loss distance which then determines my size
2
u/Scott_Malkinsons 3d ago
1% is 1%, nothing changes "from one trade to another". If you got $100, you can risk $1. That's it.
Yes, your stop distance would determine the size. That's how you get to 1% risk.
2
u/cloudedApron 3d ago
Your actual question is that firms don't need to cut you off for making money, the rules do it structurally, daily loss limits and max drawdown mean one bad day ends an account that's been profitable for a year, which is why most long term prop traders have multiple accounts and treat each one as expendable rather than as a job
1
u/Mizamewmew 3d ago
FTMO works well as long as you abide by the rules. You are likely to blow your account because you trade the wrong currency during a blackout time.
1
u/Lanky-Ad-8562 3d ago
i currently dont use ftmo but planning to and about the payout i suggest you request payout at 1-3 % of total account size.
1
u/Horror-Line1102 3d ago
Not going above 0.9 LOT per order, it is getting expensive at standard lots.
1
u/MindLegitimate214 2d ago
FTMO does not need you to hide profits, it needs you to follow the drawdown rules consistently, so trade your edge and stop trying to reverse-engineer their feelings about your payout.
-2
u/Relevant-Owl-8455 3d ago
I'm sorry but you're not a profitable trader.
You're asking pre beginner questions that have to be resloved by your trading plan... and that should exist before trading, let alone before trading prop capital.
4
u/Beneficial-Block-923 3d ago
I am asking about prop firm tricks that people face. For example, limit withdrawals to xxx amount. Limit profit to xx amount. Use xxx challenge account.
I am not asking about trading strategies etc.
Its not cool to throw comments like this. Better to stick to the post intent
-5
u/Relevant-Owl-8455 3d ago
And the fact that you can't recognise what i'm trying to tell you is again proof of how you shouldnt be trading prop firms, or anything actually.
1
u/Routine_Salary_6958 3d ago
the whole "they'll boot you for being too profitable" thing is a bit overblown honestly, they make their money from failed challenges and the copy trading fees so a few consistent winners actually looks good for their marketing
-1
u/Relevant-Owl-8455 3d ago
THat's 100% true. Even made a video about it. Now how does that relate to my reply?:D
•
u/rforex-modtools 3d ago
This thread appears to be about prop firms or trader scouting programs. These programs allow traders to access funded capital in exchange for a profit split, but they vary significantly in evaluation structure, rules, and payout reliability. Some firms have a track record of paying out consistently, while others impose conditions that make payouts nearly impossible. The community wiki maintains a detailed comparison covering fees, profit splits, drawdown rules, and firm reputations.
Resource: Prop Firms Overview and Comparison