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Forex Contest GDMFX

Mollyasengi
Mar 01 2017 at 09:53
6 posts
GDMFX posted:
Mollyasengi posted:
hi GDMFX Team

Please advis if i can participate in the contest using Webtrader platform


Dear Sir/Madam,

You can participate in the contest by trading from the Web Trader platform.
I i have tried to log in but the error authorization failed is persistent

Orangotang
Mar 01 2017 at 09:54
51 posts
jsoh85 posted:
Where did all the cowboy traders go? Those with thousands of % in profits after a few days....
😁😁 they have gone to milk the cows.

Prayer is the True Power that controls the World.
alazhari_mf
Mar 01 2017 at 10:51
1 posts
Croco_Dile posted:
pipc posted:
my maths is not good if the top guy has made 2069% profit can anybody tell me how much profit he has made in the last 7 trading days on his original demo $10000 deposit please in ($)


You don't need math at all.

Just look at a trader's account where you will see the actual number of Dollars > Ballance + Equity

Also look at Drawdown to see how close the trader was to blow up his account.
😲


finally we got someone talking about drawdown. in real account, drawdown matter the most, not profit. it how trader manage their risk.

cyptom
Mar 01 2017 at 12:43
28 posts
I admire this top guy with his 2000% profit because I well know how difficult it was to achieve only 500% with this account

"Investment in knowledge pays the best interest"
greenday7711
Mar 01 2017 at 12:49
55 posts
this is stupid. no guy can do 2000% profit without incredible risk. his drawdown must be huge

Croco_Dile (Croco_Dile)
Mar 01 2017 at 13:22
281 posts
greenday7711 posted: this is stupid. no guy can do 2000% profit without incredible risk. his drawdown must be huge


This is not stupid, but very natural for top traders to have a huge Drawdown !
Because this is a DEMO contest.
If someone wants to win a DEMO contest he MUST take a much higher risk compared to a Live account.

Only ONE trader in top 10 has a Drawdown lower than 40%
No surprise here !

Some were very close to bow their accounts and some of the former leaders did. Now they are closer to -100%.....
😈 😲 🙄

Complexity is expensive, inefficient, and ineffective > Crocodile trading
TheBuddingTrader (TheBuddingTrader)
Mar 01 2017 at 13:48
5 posts
alazhari_mf posted:
Croco_Dile posted:
pipc posted:
my maths is not good if the top guy has made 2069% profit can anybody tell me how much profit he has made in the last 7 trading days on his original demo $10000 deposit please in ($)


You don't need math at all.

Just look at a trader's account where you will see the actual number of Dollars > Ballance + Equity

Also look at Drawdown to see how close the trader was to blow up his account.
😲


finally we got someone talking about drawdown. in real account, drawdown matter the most, not profit. it how trader manage their risk.


I have talked about drawdown even before the competition started. I even suggested drawdown be included in the selection criteria of a winner.

Never resist the markets
mario123
Mar 01 2017 at 15:39
14 posts
Croco_Dile posted:
greenday7711 posted: this is stupid. no guy can do 2000% profit without incredible risk. his drawdown must be huge


This is not stupid, but very natural for top traders to have a huge Drawdown !
Because this is a DEMO contest.
If someone wants to win a DEMO contest he MUST take a much higher risk compared to a Live account.

Only ONE trader in top 10 has a Drawdown lower than 40%
No surprise here !

Some were very close to bow their accounts and some of the former leaders did. Now they are closer to -100%.....
😈 😲 🙄


Yep, But the 2000% happens to be something apotheosic, do not you think?

GDMFX (GDMFX)
Mar 01 2017 at 16:01
98 posts
Mollyasengi posted:
GDMFX posted:
Mollyasengi posted:
hi GDMFX Team

Please advis if i can participate in the contest using Webtrader platform


Dear Sir/Madam,

You can participate in the contest by trading from the Web Trader platform.
I i have tried to log in but the error authorization failed is persistent


Double check your Contest account credentials on https://www.myfxbook.com/contests/forex-contest-gdmfx/38/rules (click Resend).

Croco_Dile (Croco_Dile)
Mar 02 2017 at 07:28
281 posts
mario123 posted:
But the 2000% happens to be something apotheosic, do not you think?


No.

Some past leaders made way more than that.... before it collapsed on them.
Last week Weinstein had 7100+% before Gold went against his short position.

Soon others will easily top 3000%.
😎

Complexity is expensive, inefficient, and ineffective > Crocodile trading
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