ShareContest - FullFX (by FullFX) Quick Stats
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Contest - FullFX Discussion
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Member Since Mar 22, 2011 2 posts
subtlesteve
Aug 03 2011 at 21:25
FullFX posted: phpworker1 posted: What are requirements of your system? Is it automatic? manual Fair play to you full fx. If you are manually trading and managed to open 118 positions in 60 seconds then your fingers are a lot quicker than mine! |
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Member Since May 18, 2011 37 posts
George Holt III (geoholt3)
Aug 03 2011 at 22:20
subtlesteve posted: FullFX posted: phpworker1 posted: What are requirements of your system? Is it automatic? manual Fair play to you full fx. If you are manually trading and managed to open 118 positions in 60 seconds then your fingers are a lot quicker than mine! I've been looking at his trades very closley too. In fact, I have them printed out. There's just something not right. Keep that damn Kryptonite away from me! |
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Member Since Jun 20, 2011 10 posts
FullFX
Aug 04 2011 at 00:25
(edited Aug 04 2011 at 00:26 )
geoholt3 posted:
subtlesteve posted: FullFX posted: phpworker1 posted: What are requirements of your system? Is it automatic? manual Fair play to you full fx. If you are manually trading and managed to open 118 positions in 60 seconds then your fingers are a lot quicker than mine! I've been looking at his trades very closley too. In fact, I have them printed out. There's just something not right. It is very simple by using PENDING ORDERS |
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Member Since Jul 22, 2011 6 posts
Robert777
Aug 04 2011 at 00:56
Can you share your system with us? It'll help alot of people here. Or atleast tell us where we can see it.
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Member Since Mar 22, 2011 2 posts
subtlesteve
Aug 04 2011 at 02:02
Granted there is something odd with the trades, but hats off to FullFX for winning the contest. It is not, however, an accurate portrayal of how an account could actually be traded.
You would have to be completely psychotic to trade without any hard S/L, especially at those risk levels. Over 50% of the 'trades' were taken at the same time, and many of the other trades are also duplicated several times so that the results are nowhere near as statistically significant as the headline figures suggest. There would also not be enough liquidity in the market to trade at some of the levels shown on the demo account - at one point it would have required around 15% of the average daily volume to be available in a 60 second period. FullFX certainly deserves credit for his achievement, but reading through some of the comments from people who are desperate to throw money into a managed forex account or signals service based purely on the headline % increase figure, explains why over 90% of people lose money in forex. The contest was to see who could make the most money on a demo account in a month, not trade with real money for an income / long term capital growth. The only way you could win the contest would be to have ridiculously high market exposure, and not get caught out during the month of the contest. If you traded real money over a prolonged period of time using the same risk settings and strategies then you would almost certainly lose a lot of money. I am not saying FullFX doesn't know how to trade in the long run as I don't know his background, strategies or risk management, but making a lot of fake money in a short period of time by risking large amounts of your account is an entirely different matter to trading for real in the long term. If you are greedy and naive enough to confuse the two then it will cost you a lot, if not all of your money. |
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Member Since Mar 24, 2011 20 posts
phpworker (phpworker1)
Aug 04 2011 at 07:12
subtlesteve posted: I am not saying FullFX doesn't know how to trade in the long run as I don't know his background, strategies or risk management, but making a lot of fake money in a short period of time by risking large amounts of your account is an entirely different matter to trading for real in the long term. As I said before it is a matter of trust to trader himself and his experience. I believe if a midterm strategy works on demo, then it should work on real account. I believe FullFX will reveal some hints, here or somewhere else :) Stop Loss is risky! Use it wisely :) |
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Member Since Aug 09, 2011 23 posts
Neutral
Aug 09 2011 at 14:48
Hi FullFX. Congrats on the win. Very impressive stuff!
I noticed you also trade index futures, gold & silver. I can't trade futures off my MetaTrader 4. I was wondering which platform/trading software do you use to trades currencies, commodities and FX? |
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Member Since Aug 09, 2011 23 posts
Neutral
Aug 12 2011 at 11:49
Anyone know what trading platform was used by FullFX and is there a demo?
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Member Since May 18, 2011 37 posts
George Holt III (geoholt3)
Aug 12 2011 at 11:53
He's being pretty hush hush about the whole thing.
Keep that damn Kryptonite away from me! |
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Member Since Jun 20, 2011 10 posts
FullFX
Aug 12 2011 at 11:57
Neutral posted: Anyone know what trading platform was used by FullFX and is there a demo? FXCM-UK MT4 |
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