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#146487
Anonymous
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I am no longer using FTMO as it requires to pass target price in one month, its Swap fee’s are too high, it has a daily max loss requirement, and the scaling up requirements mean you have to have a profit for four consecutive months and it only scales up by 25 percent.  These requirement are too restrictive for me.  Even after having done all the hard work of becoming an FTMO Trader you can still lose your account if you happen to fail the maximum daily drawdown limit.  In my opinion this daily drawdown limit is too restrictive for using EA’s.  The reason for using EA’s is so you don’t have to sit and monitor the trades everyday.  However, with this restrictive daily drawdown it is still necessary to interact with the daily trades so as not to violate this drawdown requirement.  This is not something I want to do.  So, until the EA’s can be programmed not to violate a specified daily drawdown requirement of a prop firm using EA’s with a prop firm is not realistic.  I have moved on to trade my own account where I can use EA’s without all these restrictions and not have the constant worry of losing my account for violating a restrictive requiremnt. My opinion!

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