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Discussion of the Forex Contest Fidelis Capital Markets Forex Contest

Apr 12, 2015 at 11:59
13,852 Views
325 Replies
Member Since Dec 06, 2014   3 posts
May 13, 2015 at 06:48
I am also officially out. My performance was very consistent with what I do with real money: Double the account and then run to zero in a short time :-) Good luck to remaining traders :-)
Member Since Jun 14, 2013   130 posts
May 13, 2015 at 07:06
faridtoghi posted:
I am also officially out. My performance was very consistent with what I do with real money: Double the account and then run to zero in a short time :-) Good luck to remaining traders :-)

Now see, at least someone can still be honest and have fun with these demo contests. Good on you man. That's what this is all about, just to have fun and blow off steam. Hang in there bro, keep trying, stay disciplined, never stop learning, and keep having fun.... in time you will get better and have more success.

Some people take these contests too serious, complain a lot and forget that MyFXBook run these contests for the sake of having fun and to give brokers a chance to showcase their services, nothing more, nothing serious. So what if the leaders want to go 'all-in' and gamble their way to victory. It's a DEMO CONTEST for heaven's sake (speaking to all the moaners out there, not you Faridtoghi), so just have fun with it. I'm sure that no-one in their right mind would try and trade like this with real money, and if you are so desperate to get your hands on a contest account with 'free money' then you have not yet learned to trade, and will most probably lose that money quickly.

Anyway, I think more people should adopt Faridtoghi's attitude and just enter these contests to give it your best shot, have fun and see what happens. Less moaning and more fun!
Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Member Since Mar 29, 2013   12 posts
May 13, 2015 at 13:48
It happens that I had a sell limit on USDJPY at 119.34 and the price goes at 119.72 before a 730 pips sell off.... but the order has not been executed !

And that makes me really disappointed!

Attachments:

Member Since Apr 07, 2014   207 posts
May 14, 2015 at 04:12
andrea2k posted:
It happens that I had a sell limit on USDJPY at 119.34 and the price goes at 119.72 before a 730 pips sell off....
And that makes me really disappointed!


That's because you are using the wrong technique to enter a trade.
Were you using a sell stop or a buy stop, the market would 'make' you a happy guy.
The market did not deny you anything ! You did it to yourself.
The market is offering us a huge pile of money constantly. We just need to take it !
A blue marlin in the ocean is like a trader in the markets, no enemies but evil people.
Member Since Oct 12, 2014   50 posts
May 14, 2015 at 06:22
my account remain 200+ balance but I am also out no more See you guys in next contest....
vivekrelish@
Look009
forex_trader_186239
Member Since Apr 15, 2014   224 posts
May 14, 2015 at 06:25
Hi guys, relax... This is a game, just as our life is :)
Setbot
forex_trader_208553
Member Since Sep 22, 2014   6 posts
May 14, 2015 at 06:34
Have you seen that the top 10 traders have draw downs of between about 90% to 50% and made very few trades. There should be a limit, also people should be judged on the number of trades as well, because what is better to make 5 trades and win or to make 5000 trades and come second, work that out, because if you signing clients you what them to make money, but the broker and you also need to make money or it's not worth any ones time, and 5000 verses 5 shows that the system making 5000 trades has been tested 4995 times more that the one making 5 trades, you can get lucky 5 times but not 5000 times
Member Since Mar 03, 2015   1 posts
May 14, 2015 at 06:35
First 20-50 traders offer a tour to Moscow for a month in our company! You want to do the same on real 10000 USD - 20% of your own. Tickets Accommodation)))) ...
Member Since Apr 30, 2011   24 posts
May 14, 2015 at 13:06
bigbroker posted:
First 20-50 traders offer a tour to Moscow for a month in our company! You want to do the same on real 10000 USD - 20% of your own. Tickets Accommodation)))) ...
i did not understand
shukry88
forex_trader_205912
Member Since Sep 01, 2014   2 posts
May 15, 2015 at 13:15
Hi..what this mean "The Contest will not allow more than a total of 500 open positions at any given time"?

that means i can't open more than 500 trades?

currently i already opened 494 trades..
Member Since Sep 05, 2013   50 posts
May 16, 2015 at 21:05
shukry88 posted:
Hi..what this mean "The Contest will not allow more than a total of 500 open positions at any given time"?

that means i can't open more than 500 trades?

currently i already opened 494 trades..

500 open positions, you have 498 closed trades and zero open positions
“Everybody should have a dream. What if that dream comes true?” – Jack Ma
Member Since Sep 21, 2013   17 posts
May 18, 2015 at 06:53
anyone remember the least of operations to do in this contest?
nothing is impossible
Member Since Sep 21, 2013   17 posts
May 18, 2015 at 06:55
can you tell me dovre are the current rules?
nothing is impossible
shukry88
forex_trader_205912
Member Since Sep 01, 2014   2 posts
May 18, 2015 at 06:58
240Z posted:
shukry88 posted:
Hi..what this mean "The Contest will not allow more than a total of 500 open positions at any given time"?

that means i can't open more than 500 trades?

currently i already opened 494 trades..

500 open positions, you have 498 closed trades and zero open positions

Ok..tq bro to clarify me..
Member Since Jun 14, 2013   130 posts
May 18, 2015 at 07:27
gabriele2274 posted:
anyone remember the least of operations to do in this contest?

Hi Gabriele,

I think this is what you are looking for:

https://www.myfxbook.com/contests/forex-contest-fidelis-capital-markets/28/rules

Oh, and well done on your trading so far.... almost 8000% with 76 trades - good to see a manual trader can still show the systems traders how it's done...

Cheers!
Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Member Since Sep 21, 2013   17 posts
May 19, 2015 at 06:28
Hi thanks for the link and have a look at old school traders only charts and decide what to do think I'm testing a robot in demo but I do better I in manual
nothing is impossible
Member Since Mar 14, 2013   4 posts
May 19, 2015 at 06:40
Dang.... I'm Dead... (again)
😁
Member Since Oct 12, 2014   50 posts
May 19, 2015 at 14:33
😄 Does it allowed ? 600 open lot 😇

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vivekrelish@
Member Since Apr 10, 2015   29 posts
May 19, 2015 at 14:42
vrelish posted:
😄 Does it allowed ? 600 open lot 😇

It can allow you to open thousandsss of lots. Try to understand that 1 position doesn't mean 1 lot. A single Position can have 1 lot, 100 lots or even 1000 lots.

In a simple word, 1 position = 1 order which can have as several lots in it.
Member Since Oct 12, 2014   50 posts
May 20, 2015 at 06:27
Forexmanager9 posted:
vrelish posted:
😄 Does it allowed ? 600 open lot 😇

It can allow you to open thousandsss of lots. Try to understand that 1 position doesn't mean 1 lot. A single Position can have 1 lot, 100 lots or even 1000 lots.

In a simple word, 1 position = 1 order which can have as several lots in it.

so allowed Gr8
vivekrelish@
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