Getting some insights about FTMO “hidden rules”
Hello everyone! I’m new here in the community and have been seriously considering FTMO for a proprietary firm.
Upon doing my research, I have encountered a couple of “hidden rules” that FTMO has been implementing resulting in failed accounts or rejected payouts. My specific concern would be the 1% rule, and high impact news trading.
My strategy is scalping through NASDAQ, specifically Minis. I’ve been using this strategy for a year now and have passed APEX multiple times already. I usually put in 4 trades a day if all ended up winning. Twice on the New York open and Twice at 6:15 PM EST risking 0.45% each trade, or a $450 stop loss with a 3 unit trade.
I am getting confused about FTMO’s 1% per trade idea type of policy. Since I am doing 4 trades on a great trading day with a 0.45% risk each time sticking in NASDAQ resulting into 1.80% in one CFD (all different positions not stacking). Does this qualify as one trade idea, getting me into 1.80% and above the 1% per trade idea policy? Also I’ve heard that there was a 1 hour cooldown if they notice that you have been putting in multiple trades with one indices?
And about trading with news, I have read that we shouldn’t have a filled position 2 mins before and 2 mins after a high impact news. Does it mean that I am safe 3 minutes before the news release, and 3 minutes after the news has been released?
Just want a little bit of clarification about all of this since I’m new to FTMO.
Thanks everyone!