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Discussion of the Forex Contest GDMFX Forex Contest
Feb 21, 2017 at 22:36
Member Since Mar 20, 2011
39 posts
Feb 22, 2017 at 07:20
Member Since Dec 08, 2016
2 posts
JacoAF posted:lorenzo10 posted:
@GDMFX I have noticed some people trading currency pairs that i cannot see on my mt4. eg USDZAR and USDMXN , is it possible to add new currency pairs?
Hi Lorenzo, all you have to do is click on the Market Watch button to see your pairs/instruments.... then right-click in the list and select Show All.... This will display all available pairs/instruments
Good luck 😄
Thank you :)
Member Since Jun 03, 2013
3 posts
Feb 22, 2017 at 07:23
Member Since Jun 03, 2013
3 posts
@goldhack i am not from support but here, https://www.myfxbook.com/contests/forex-contest-gdmfx/38/rules
Member Since Jun 03, 2013
3 posts
Member Since May 07, 2016
1 posts
Feb 22, 2017 at 08:17
Member Since Mar 20, 2011
39 posts
fxfoufoufx posted:
hello support
when i use mi bot i have error
4060 (ERR_FUNCTION_NOT_CONFIRMED )Function is not allowed for call)
with another MT4 mi code is ok
Is there something disable on your mt4?
thank you
regards
The contest rules do not allow use of bots that maybe the issue.
Member Since Dec 15, 2016
1 posts
Member Since Jul 18, 2012
7 posts
Feb 22, 2017 at 15:22
Member Since Jul 18, 2012
7 posts
Hi,
Since the rules prohibit the use of trading robots, I am trading manually. I know that the broker knows whether an order comes from a robot, so I would like to be assured that anybody that uses a bot will be disqualified. Nothing against bots, but it is unfair to compete against a lucky bot (which would be breaking the rules).
Since the rules prohibit the use of trading robots, I am trading manually. I know that the broker knows whether an order comes from a robot, so I would like to be assured that anybody that uses a bot will be disqualified. Nothing against bots, but it is unfair to compete against a lucky bot (which would be breaking the rules).
Feb 23, 2017 at 07:46
Member Since Mar 14, 2013
97 posts
pipc posted:
hi guys
can anybody tell me is there a leader board on this contest and if so were do i find it
Thanks......
https://www.myfxbook.com/contests/forex-contest-gdmfx/38/
Member Since Jan 08, 2016
276 posts
Feb 23, 2017 at 08:58
(edited Feb 23, 2017 at 09:04)
Member Since Jan 08, 2016
276 posts
2.000+% by Weinstein in just 3 days is fantastic !
He would be a goldmine for the broker with over 100 trades per day and -$16395.03 commissions by day 3,5, were it all real money.
Look how much $7 per Lot can generate for the broker !
Should Weinstein be able to stay in the contest and not crash, then the total commission generated will sure exceed 1,5 MILLION...... in a period of 18 trading days ! .... just by one guy !
All of us should switch to the broker side 😇
LOL
He would be a goldmine for the broker with over 100 trades per day and -$16395.03 commissions by day 3,5, were it all real money.
Look how much $7 per Lot can generate for the broker !
Should Weinstein be able to stay in the contest and not crash, then the total commission generated will sure exceed 1,5 MILLION...... in a period of 18 trading days ! .... just by one guy !
All of us should switch to the broker side 😇
LOL
Complexity is expensive, inefficient, and ineffective > Crocodile trading
Member Since Feb 08, 2017
2 posts
Feb 23, 2017 at 09:42
Member Since Feb 08, 2017
2 posts
Yesterday around 4:40-47 I had three trades that were closed, but I'm not sure why. Two yen trades and one Peso, I had to eat a $3k loss on a $5k start and I was just wondering why that happened. I suspect it might have been a margin issue, but even then it shouldn't have drawn my account down. What are the rules for margin if any for this contest. Thanks in advance.
Member Since Nov 11, 2013
2 posts
Member Since Feb 23, 2017
1 posts
Feb 23, 2017 at 09:51
Member Since Mar 14, 2013
97 posts
williamh1104 posted:
Yesterday around 4:40-47 I had three trades that were closed, but I'm not sure why. Two yen trades and one Peso, I had to eat a $3k loss on a $5k start and I was just wondering why that happened. I suspect it might have been a margin issue, but even then it shouldn't have drawn my account down. What are the rules for margin if any for this contest. Thanks in advance.
Hello. Margin call means 100% of your equity is engaged as margin (equity=margin) and at that time you cannot open any new positions, but can only close already opened ones. StopOut is when your Margin level (margin level is (equity/margin)*100) reaches 50% - this means your open positions start losing and when your equity becomes half of your margin, the system starts closing the positions automatically, one by one, in order to prevent your account going to 0, or below 0. An example: you have 10 000 USD and open 1 lot on Crude Oil. The margin would be 1 000 USD. When your running loss becomes 9500, your equity will be half of your margin, and you will hit StopOut.
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