I am VERY critical when it comes to the in part amateur videos of ftmo. However, this tip with closing the Hedge was excellent, thank you for that! In all the years no Educator or Seller has put that to the attention of the Retail Trader. Bravo.
I absolutely love hedging and dedicated a year of studying different ways to hedge and finally found a way to hedge properly with mitigating risk and intending to take a ftmo challenge very soon!
Thank you for sharing. Sharing your experience and knowledge benefits the trading community as a whole. Your exit of the hedged trade was FAR cheaper on commission!!!! That would certainly add up over time.....
better strategy for hedging is opening trades for crosses.. instead of putting full risk going long on usdjpy, split your risk between usdjpy and audusd or some other pair with usd as the denominator or numerator. for example, the jpy might be strong and the aussie weak therefore you wont lose as much going long on usdjpy and short audusd
Hello Sandor, do you mean half of the position? If so, then yes - Double click on the running trade. For example, You have a 0.1 lot trade, and want to close half position (0.5 of the 0.1 lots for profit) and let the other 0.5 lot remain. Change the amount of your position. Click Close.
Hello Sophea, Sadly MacBook doesn't support MT4 by default. There is a way around it though. You can read more here www.metatrader4.com/en/trading-platform/help/userguide/install_mac.
do you need your phone to have internet connection to receive the alerts? also, does it send it to your sms, so you'll have missed message on your phone? does it work for all alerts, including indicator alerts?
Hello Azu, yes you have to be connected for this to work. You will get message in a very similar way you receive SMS, but this is done online. We are sure that this works with all kinds of alerts, but you might have to search online for additional settings.
Great video! I know that on the free trial you can't enter or modify trades from your phone, only from desktop. Is this the same once you get a funded account?
Hello Jay, That is not correct. You can control your trades the same way both from mobile app as from desktop MT4. Please contact us on support@ftmo.com for further assistance.
Hello Kareem, We allow use of trade copying softwares. Please be aware that once in FTMO stage, we have a maximum capital allocation limit of $300k (or equivalent in other currencies, prior to scaling) per trader or trading strategy. If multiple FTMO Traders used the exact same signals and made same trades, our system would recognize it and we would contact the traders who started using the software later to tell them that the limit has been exceeded and these traders would no longer be allowed to use the same signals. We have this rule as we need to keep the risk to our capital diversified.
Thanks Simon for these reviews! I have activated a free trial which will span for 14 days. However I noticed that commissions where being deducted as the open trades were ongoing. Is it normal for such to occur on a free trial and is it going to be the same on either the actual challenge, verification, or even the live account?? Thanks for your feedback. Are traders also allowed to trade the news or data releases??
Hi Chiedu Egwim, The conditions are the same whether you are trading on FTMO Challenge, Verification or FTMO Account. You can trade news events during FTMO Challenge and Verification and FTMO Account type Swing. Otherwise, on a normal FTMO Account, you can not trade 2min before and after news events that are restricted in our economic calendar. Thank you for your question, and do not hesitate to contact us again.
Hello Ayajul, I would suggest for you to rewatch that section of the video. Basically you are paying the cost on entering the positions as usual(spread or commission or both), but on exit, the positions are closed against each other without paying spread or commission on exit. If you hedge yourself, your exposure is increased but you protect yourself from unwanted market moves, until you decide to exit the hedge as per your trading plan. When you exit by closing one side of the hedge, you can do so by offsetting the counter-position. You can explore this function in our Free Trial. We can also recommend to learn more about hedging from public sources like www.investopedia.com/terms/h/hedge.asp.
Hello Maik, We are in the final testing phase of bringing MT5 to our FTMO Platform. Once we offer that to our clients, we will make a video on MT5 too.
This happens when your desktop shuts down. The solution is to either leave it on all of the time, or run MT4 on the desktop of virtual private server (VPS) . You can get a VPS from Amazon (AWS) or Digital Ocean for free or with minimal cost.
Hello Kevin, the FTMO Account is connected to the Live Account and all of the positions are copied there. If you read through our FAQ, we actually do not mention that it is a real account - we inform our traders that they will be trading on this special demo account and copy their trades. That way, we can safely protect the capital if the trader violates any of the Trading Objectives. Feel free to read this short article in our FAQ: ftmo.com/en/faq/how-does-account-management-look-from-the-technical-side/
Meta trader 4 ke account manager tik nahi hote hai jab sel karna hota hai to buy karba dete hai or buy ke time sell karba kar new Clint ka sara paisa le dubte hai. Yaha trading apna mind se karna hoga na ki jaise manegar kahe baise
It certainly would be fishy if Simon was a woman! Simon is also very expressive person and cuts out the parts when he is not talking so you get the best value of the video.
1.Effective Hedging - 0:34
2.Mobile Alerts - 3:46
3.Multiple Profiles - 5:24
I am VERY critical when it comes to the in part amateur videos of ftmo. However, this tip with closing the Hedge was excellent, thank you for that! In all the years no Educator or Seller has put that to the attention of the Retail Trader. Bravo.
I absolutely love hedging and dedicated a year of studying different ways to hedge and finally found a way to hedge properly with mitigating risk and intending to take a ftmo challenge very soon!
That multiple profiles trick is gold! (No pun intended). Definitely going to use that one
We are glad that you like it!
thank u so much for the push notification. BEST TRADING COMPANY
Hello Wali, our pleasure!
Thank you for sharing.
Sharing your experience and knowledge benefits the trading community as a whole.
Your exit of the hedged trade was FAR cheaper on commission!!!!
That would certainly add up over time.....
didn't knew that hedging trick- amazing
Me too but i dont headge.
We hope that you will use it to your advantage!
Me too
the notification one was a real gem
We are glad that it helped!
Usefull video! Great Idea for FTMO to make such videos. Thanks!
Could you please tell about the alerts and notifications on mt4? Thanks.
Setting up mobile alerts was the most helpful to me.
SAVING MULTIPLE CHART in PROFILE is EXCELLENT IDEA
The hedge trick is awesome
We are glad that it helped you!
better strategy for hedging is opening trades for crosses.. instead of putting full risk going long on usdjpy, split your risk between usdjpy and audusd or some other pair with usd as the denominator or numerator. for example, the jpy might be strong and the aussie weak therefore you wont lose as much going long on usdjpy and short audusd
Generally speaking I do not use hedging but that information may prove useful in the future.
Is there any way to close multiple open positions at one click?
Thanks, i wonder if using ftmo i can close the half of the Lot?
Hello Sandor, do you mean half of the position? If so, then yes -
Double click on the running trade.
For example, You have a 0.1 lot trade, and want to close half position (0.5 of the 0.1 lots for profit) and let the other 0.5 lot remain.
Change the amount of your position.
Click Close.
Thanks for sharing, Sir! Where can I get MetaTrader4 downloaded on my MacBook Air?
Hello Sophea,
Sadly MacBook doesn't support MT4 by default. There is a way around it though. You can read more here www.metatrader4.com/en/trading-platform/help/userguide/install_mac.
can you trade leverage on mt4?
That hedge thing is next level ✌️
do you need your phone to have internet connection to receive the alerts?
also, does it send it to your sms, so you'll have missed message on your phone?
does it work for all alerts, including indicator alerts?
Hello Azu, yes you have to be connected for this to work. You will get message in a very similar way you receive SMS, but this is done online. We are sure that this works with all kinds of alerts, but you might have to search online for additional settings.
Ctrl+F5 to switch between profiles!
what happen when you not hedge, how do you evalute some rules
WHERE DO I LOCATE SETTINGS
How many details do we have to give about a the strategy that we are using in order to be funded?
Hello Brian, nearly none. As long as your strategy is profitable and respects our rules, you can get funded.
Stereo Trader Add On for MT4
one of the best, its free
Great video! I know that on the free trial you can't enter or modify trades from your phone, only from desktop. Is this the same once you get a funded account?
Hello Jay,
That is not correct. You can control your trades the same way both from mobile app as from desktop MT4. Please contact us on support@ftmo.com for further assistance.
Na bro. Im using the app for the free trial
Can you set alerts on the MT4 app for when a certain price is hit
Hello Matti,
Yes, alerts are 2 tabs to the right from the tab with your account history.
best tips for saving money by hedging , i don't have "close by" option in metatrader4 how to install?
What are the notifications that we will get if the we have the notification on?
Hello Rages,
I'm not sure what exactly you are asking for. Can you specify your question further?
Can’t find the the meta quotes iD on Apple?
click "Chat and Messages" in the settings and its at the bottom.
Very old ones ....
Why you didn't talk about (period convertor) script ???
How to increase font size in MT4 ? as i use 9 monitor, i have much problem about font , thanks
We do not know, but we are sure that you can find your answer online.
need more these tips 😊
can i do copy paste signals which my mentor analyse.
Hello Kareem,
We allow use of trade copying softwares. Please be aware that once in FTMO stage, we have a maximum capital allocation limit of $300k (or equivalent in other currencies, prior to scaling) per trader or trading strategy. If multiple FTMO Traders used the exact same signals and made same trades, our system would recognize it and we would contact the traders who started using the software later to tell them that the limit has been exceeded and these traders would no longer be allowed to use the same signals. We have this rule as we need to keep the risk to our capital diversified.
Is there any way to put trailing stops on MT4?
Hello Benjamin,
If you right-click on your open position, the fourth option from the top is Trailing Stop. You can set it up there.
I don't know about the taste of using pink background, but these are really great tips.
Awesome video! 👍
Can we do that in phone?(hedging)
Thanks Simon for these reviews! I have activated a free trial which will span for 14 days. However I noticed that commissions where being deducted as the open trades were ongoing. Is it normal for such to occur on a free trial and is it going to be the same on either the actual challenge, verification, or even the live account?? Thanks for your feedback. Are traders also allowed to trade the news or data releases??
Hi Chiedu Egwim,
The conditions are the same whether you are trading on FTMO Challenge, Verification or FTMO Account.
You can trade news events during FTMO Challenge and Verification and FTMO Account type Swing. Otherwise, on a normal FTMO Account, you can not trade 2min before and after news events that are restricted in our economic calendar.
Thank you for your question, and do not hesitate to contact us again.
What about (Multiple Close By) ???
it's more important than (Close By)
So we got to charge for a challenge the fee
Sir ham meta feeder 4 me trading kar rahe hai mujhe Jo manejar mila hai bo hamesa galt deal de kar 1lakh ka ghta lagba diye hai use kaise change kare
Hello Kundan,
Note we only provide support in English, German and Czech languages.
I dont get the first tip regarding hedging, how did he half his losses?
Hello Ayajul,
I would suggest for you to rewatch that section of the video. Basically you are paying the cost on entering the positions as usual(spread or commission or both), but on exit, the positions are closed against each other without paying spread or commission on exit. If you hedge yourself, your exposure is increased but you protect yourself from unwanted market moves, until you decide to exit the hedge as per your trading plan. When you exit by closing one side of the hedge, you can do so by offsetting the counter-position. You can explore this function in our Free Trial. We can also recommend to learn more about hedging from public sources like www.investopedia.com/terms/h/hedge.asp.
It would be nice if you could make a video about hedging.
Hello Werner, you can find many video on the topic on YT. We might revisit the topic in the future, but for now we have other plans.
Unfortunately US resident traders can’t hedge by opening a buy and sell order for the same instrument..
Best tips for saving money when hedging is : don't hedge positions
So my MT4 ID didn't work for notification :/
Feel free to send us a screenshot of your issue to support@ftmo.com and we will try to help you!
what about traders who use MT5?
Hello Maik, We are in the final testing phase of bringing MT5 to our FTMO Platform. Once we offer that to our clients, we will make a video on MT5 too.
FTMO Funding For Serious Traders when MT5 is available, will we still be able to use MT4 to trade? I prefer it over MT5
the pink background is crazy 🤣
Everytime I use the mt4 notifications it works for a day and that's it 😂
Hello Lawrence, perhaps you have expiration set by default?
Your computes need to be on with MT4 open. I use a VPS , instead.
This happens when your desktop shuts down. The solution is to either leave it on all of the time, or run MT4 on the desktop of virtual private server (VPS) . You can get a VPS from Amazon (AWS) or Digital Ocean for free or with minimal cost.
@@ladytradersclub5916 yeah I realized this and it's all good now
thnx
Why does your ftmo say real account and it is demo
Hello Kevin, the FTMO Account is connected to the Live Account and all of the positions are copied there. If you read through our FAQ, we actually do not mention that it is a real account - we inform our traders that they will be trading on this special demo account and copy their trades. That way, we can safely protect the capital if the trader violates any of the Trading Objectives. Feel free to read this short article in our FAQ: ftmo.com/en/faq/how-does-account-management-look-from-the-technical-side/
Meta trader 4 ke account manager tik nahi hote hai jab sel karna hota hai to buy karba dete hai or buy ke time sell karba kar new Clint ka sara paisa le dubte hai. Yaha trading apna mind se karna hoga na ki jaise manegar kahe baise
Its just so dated, if my broker was connected to TV I would do everything through that.
😂😂😂
There's something fishy about this woman and this video. All these facial expressions and so many edits, I don't know
It certainly would be fishy if Simon was a woman! Simon is also very expressive person and cuts out the parts when he is not talking so you get the best value of the video.