Discussion of the Forex Contest Vantage FX Forex Contest

I dont no what to do. I just need alittke help

So, you were disqualified because you had two accounts, not because of EA.

Also, unless your EA leaves some comments for orders or has very easily recognizable pattern of transactions, broker won't know you are using EA. For the server, orders from EA look exactly like manual orders, unless of course your EA does things that are humanly impossible, like very fast or large-scale transactions.

Why people consider EA cheating is beyond my understanding. EA is *only* formalization of trading system in a form of programming language. If your 'manual' system is purely rational and not based on hunches or instinct that you can't explain, it is not different from EA.

I agree, designing an EA is indeed a skill... I guess I am more interested in discretionary, manual trading than automated trading


... Also, automated vs. manual in a short space of time is probably not as even a playing field as it would be if all participants

were obliged to trade manually but that is entirely my opinion.

I apologise if I came out a bit strong earlier, and all the best of luck to us all, EA or not :)

To Jessica Frisbee: in what way do you need help? Could you be more specific?

Croco_Dile posted:

PipMeHappy posted:
I hope that anyone hoping for 6000% profits is doing it manually, for that is a skill, not switching on an EA...

Manually or by a robot, but it should a REAL account, not a Demo contest.
Those Demo contests are useless for traders. There is never a floor for Draw Down and people do crazy things that would kill them on a real account.

GIVE us a REAL Contest !!!

😈

FXcM do a trading contest with small live accounts (you have to.deposit at least 50GBP)...

You could try them?

grzegorzgolda posted:
So, you were disqualified because you had two accounts, not because of EA.

Also, unless your EA leaves some comments for orders or has very easily recognizable pattern of transactions, broker won't know you are using EA. For the server, orders from EA look exactly like manual orders, unless of course your EA does things that are humanly impossible, like very fast or large-scale transactions.

Why people consider EA cheating is beyond my understanding. EA is *only* formalization of trading system in a form of programming language. If your 'manual' system is purely rational and not based on hunches or instinct that you can't explain, it is not different from EA.

Interesting points... Good luck to you too :)

Hi what is a EA?

Hello, this is to owners of this site.
You want to make money by simply acting as a representative of casino.
What kind of rules of this contest is this? The luckiest gambler will win!!!
There a lot of people out there trying to make money just using their skills.
Why don't give them a chance to win.
Tell a brokers to change the rules of their 'competions':
The rules of this will be very simple:
1. Account profit/all trades - smaller number, bigger probability of not being RUINED!!!!!!!!
2. Minimal duration of trade - for 80% of trades should be no less that 10 min. This is not much!
3. Ignoring lots - counting pips, this is real win, then anyone can choose what risk want to take! With BREXIT change of margin how gamblers will make make money with 5% margin of GBP?

PipMeHappy posted:
FXcM do a trading contest with small live accounts (you have to.deposit at least 50GBP)... You could try them?

Thanks ! Yes, I could try them 😎

Citalk posted:Tell a brokers to change the rules of their 'competions':
The rules of this will be very simple: 1. .........

Open your own brokarage and then you can make your own rules.
LOL
😇

Citalk posted:
Hello, this is to owners of this site.
You want to make money by simply acting as a representative of casino.
What kind of rules of this contest is this? The luckiest gambler will win!!!
There a lot of people out there trying to make money just using their skills.
Why don't give them a chance to win.
Tell a brokers to change the rules of their 'competions':
The rules of this will be very simple:
1. Account profit/all trades - smaller number, bigger probability of not being RUINED!!!!!!!!
2. Minimal duration of trade - for 80% of trades should be no less that 10 min. This is not much!
3. Ignoring lots - counting pips, this is real win, then anyone can choose what risk want to take! With BREXIT change of margin how gamblers will make make money with 5% margin of GBP?

I agree, it does encourage a gambling style...

Pip count should matter, and position size should be restricted perhaps...

@Citalk Hahahahahha , i like your rules. :) When are you going to organize your own context for us to participate? :)

Rules are rules and if you are good (or think you are good) you should be able to fit in any rule. I can see that you are not a scalper then i think this context is a great place to compare your skill against the scalpers.


Good Luck @Citalk !

well that should be good idea for all those who want to paticpate in the contestet i wish you all good luck and happy earning

Hello everyone.
I cannot complete downloading the platform as shows a virus in the software. Looks like I am not the only one having this problem.
Vantagefx team, can you help with that?

I believe pips should be counted instead of returns on capital. This helps to reduce the elements of risk by trading with high lot size which would not be feasible with a live account.

DannyMNKaddoura posted: I cannot complete downloading the platform as shows a virus in the software. Looks like I am not the only one having this problem.

Yes, I did try to download their MT4 and my anti-virus shows a Troyan message and I can't install it.
I have no problems downloading MT4s from other brokers.

Must be something Vantage specific. No idea what it can be.

PipMeHappy posted: Pip count should matter, and position size should be restricted perhaps...

No, this should NOT matter !
Only money matters in Trading.

Well, I am participating in a contest where the max leverage is 1:30 or 1:15 and even in this enviroment some participants were able to make 500% in 2 weeks. Only difference is that no one can win with pure luck in one day. To make consistent profits for a month even with 1:200 leverage is not an easy task. Every moment you can destroy your account with single trade if you overleverage. Every FX competition is a game, there is an oportunity to play it and have fun. If you want to make money out of trading go and open a live account and you can trade by your own rules. You can even get much more in one month than in this competition for 1st place. Just count the probabilities of winning a competition and calculate how many can you make consistently on your own from your own money monthly and you will see that if you want to be profitable you should develop a working strategy and trade real money. If you try to be profitable in contest you missed the point of them. Only few can win others may have fun and gain experience. Is it worth of time if you do not have fun? NO!

Does the contest Prize is withdraw-able without restriction?

Hello all and good luck!