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FTMO Adds TradingView as a New Platform Option

3 hours ago Forex 3 min
FTMO Adds TradingView as a New Platform Option

FTMO Adds TradingView as a New Platform Option

FTMO has added TradingView as a platform option for the FTMO Challenge, Verification, and FTMO Account. FTMO said it regularly reviews its infrastructure to provide traders with reliable tools that match diverse trading strategies. The company explained that feedback from its trading community ushered to adding TradingView. The integration lets traders execute trades through the TradingView interface.

More Control

Manage Risk on Charts

TradingView lets traders manage orders from the chart. Traders can drag their Take Profit and Stop Loss levels to specific price points. They can also use the Long/Short Position tool before entering a trade. It helps them measure the reward-to-risk ratio. Traders can place limit or stop orders by right-clicking on their preferred price level.

Manage Multiple Charts

TradingView supports layouts with up to eight charts in one window. Traders can synchronise symbols, intervals and crosshairs across charts. The Bar Replay tool also lets traders practise strategies using historical price data. It hides future price movements so traders can work through the market bar by bar. TradingView saves templates, layouts and drawings to the cloud. Traders can therefore access their work in the desktop application, web browser, and mobile app.

Technical Analysis Tools

TradingView includes several tools for technical and volume analysis. Its Volume Profile tools include Fixed Range, Visible Range and Session Volume. These tools help traders identify the Point of Control and areas where liquidity is concentrated. The platform also offers more than 100 drawing tools. These include Fibonacci extensions, Gann fans and Elliott Wave patterns. Traders can lock or synchronise their drawings across layouts.

Alerts and Pine Script

TradingView can also reduce the need for traders to watch charts constantly. Traders can create server-side alerts based on price levels, indicator crosses, and breaks of manually drawn trendlines. Pine Script lets traders create custom indicators. Traders can also use community-created scripts to identify specific candlestick patterns or other market conditions.

Market Screening

TradingView also includes tools to help traders organise the markets they follow. Traders can create custom watchlists, use different colours to flag instruments and organise their favourite pairs. The platform also includes an economic calendar. Traders may view upcoming macroeconomic events directly on the chart and keep track of high-impact news releases.

TradingView for FTMO

FTMO traders can select TradingView from the platform dropdown when configuring their next FTMO Challenge. After processing the account, FTMO will provide the credentials needed to connect the Challenge to TradingView. Traders who already use another platform can request a switch to TradingView for their next phase or billing cycle.

About FTMO

FTMO is a proprietary trading firm. It provides an opportunity to trade using the firm's capital in exchange for a share of the profits. FTMO evaluates traders through a two-step process consisting of the FTMO Challenge and the Verification phase. Successful traders get to funded accounts. There, they can trade with capital from $10,000 to $200,000. They maintain profit splits of 80% to 90% depending on performance.

About TradingView

TradingView is a financial platform. It offers advanced charting tools, real-time market data, and a social network. TradingView provides tools for technical analysis, including various chart types, indicators, and drawing tools to analyze financial markets. Also, TradingView has a community to discuss insights, strategies, and market trends.

Wrapping Up

FTMO has added TradingView to its list of platform options for the FTMO Challenge, Verification, and FTMO Account. The integration brings chart-based execution, technical analysis, alerts, market screening, and other TradingView tools to FTMO traders.

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