Discussion of the Forex Contest Squared Financial 2014 Forex Contest

Staff posted:
1st and 2nd places were disqualified.

What happened?
Who say HFT is cheating?
Please let us know the 'Reasonable' reason, Ethan.
You are obliged to account for disqualification for us.

What is wrong with HFT?
In the professinal field, more than 30% of FX trading are now uses something like HFT and is not a cheating
HFT is the state-of-the-art trading technology nowadays.

Originally, HFT is running under on memory database + FIX protocol.
Yacchi and TemaJunTradeez had proved that HFT can work under MT4 environment.
Why not admire them? They are surely great traders!!

People who speak ill of HFT are always the same.
Poor financial brokers or those who can not use HFT technology .

If you can write HFT bot by yourself and enjoy trading profit, will you still say the same thing?

In the 'FAIR' contest like 'ATC', any kind of trading method should be approved otherwise specified,

If the broker is truely reliable and pure ECN/STP, there seldom occur conflict of interest, but in the MT4 world 80% broker is that tiny or white label.
In MT4 world, there are about 700+ brokers registered my fxbook.
https://www.myfxbook.com/reviews/brokers/9,1

Have you ever think why so many brokers out there?
Like a convenience store, only USD .5 million are needed to be a broker.
https://www.forexfactory.com/showthread.php?p=2642713
It means everybody can open a broker in tax haven(no regulation) without any financial experience.
MT4 Platform is 'consumer products' or in other word, 'toy'.

From another point of view, almost broker employs less than dozens of people.
Take 'Squared Finance' for instance, has only 30 employees.
This means their net sales is only around USD 10-50 million.
https://www.myfxbook.com/forex-broker/squared-financial/386

If you earn 1million from this kind of company, what will happen?
You can guess easily, right?

Please remember, it is common in the MT4 world that 'your profit is brokers loss'.
If you do against their profit, they always stop ,freeze, disqualify your account by whatever reasons.

THEY are unfair and dishonest.

Even if they apply 30 or 120 seconds rule, HFT bot may easily win the contest.
In that case, Myfxbook and the broker will disqualify the account without fail, too. There are no reason.

They are by far the worst. They are to be blamed.

I'm not in a position to agree or disagree with the disqualification. But can I get the contest rules again to avoid getting disqualified?
thanks

I re-re-post this message because it was deleted...very strange...myfxbook censor messages and the right of expression
'Ethan, can you explain us why they are discalified ?
Thanks'

I will make screenshots and prove to everyone that the myfxbook team censor posts on this topic...this contest is totally manipulated.

The purpose of a contest is to get you firm name known in a positive way of course.
But if i ever will open a real account with them........

Thanks,KUBOTA.
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@KUBOTA777

Just like with any contest, we disqualify all cheaters during and at the end of the contest - that includes multiple identities as well as traders taking advantage of a demo feed and hitting it with thousands of requests until you get off market prices.

We welcome any trading style as long as as you keep it fair.

KUBOTA777 posted:

Staff posted:
1st and 2nd places were disqualified.

What happened?
Who say HFT is cheating?
Please let us know the 'Reasonable' reason, Ethan.
You are obliged to account for disqualification for us.

What is wrong with HFT?
In the professinal field, more than 30% of FX trading are now uses something like HFT and is not a cheating
HFT is the state-of-the-art trading technology nowadays.

Originally, HFT is running under on memory database + FIX protocol.
Yacchi and TemaJunTradeez had proved that HFT can work under MT4 environment.
Why not admire them? They are surely great traders!!

People who speak ill of HFT are always the same.
Poor financial brokers or those who can not use HFT technology .

If you can write HFT bot by yourself and enjoy trading profit, will you still say the same thing?

In the 'FAIR' contest like 'ATC', any kind of trading method should be approved otherwise specified,

If the broker is truely reliable and pure ECN/STP, there seldom occur conflict of interest, but in the MT4 world 80% broker is that tiny or white label.
In MT4 world, there are about 700+ brokers registered my fxbook.
https://www.myfxbook.com/reviews/brokers/9,1

Have you ever think why so many brokers out there?
Like a convenience store, only USD .5 million are needed to be a broker.
https://www.forexfactory.com/showthread.php?p=2642713
It means everybody can open a broker in tax haven(no regulation) without any financial experience.
MT4 Platform is 'consumer products' or in other word, 'toy'.

From another point of view, almost broker employs less than dozens of people.
Take 'Squared Finance' for instance, has only 30 employees.
This means their net sales is only around USD 10-50 million.
https://www.myfxbook.com/forex-broker/squared-financial/386

If you earn 1million from this kind of company, what will happen?
You can guess easily, right?

Please remember, it is common in the MT4 world that 'your profit is brokers loss'.
If you do against their profit, they always stop ,freeze, disqualify your account by whatever reasons.

THEY are unfair and dishonest.

Even if they apply 30 or 120 seconds rule, HFT bot may easily win the contest.
In that case, Myfxbook and the broker will disqualify the account without fail, too. There are no reason.

They are by far the worst. They are to be blamed.

If Myfxbook and contest holder will continue the same thing, wise trader won't trust Myfxbook or the brokers in future.

First of all, much respect to your success. I'm highly impressed with your HFT bot. I would love to know how to get a hold of something like that. Also, is there a broker that you can use this HFT bot with and still be able to withdraw your earnings?

I have noticed that there are many competitors that have opened several demos for the contest, that's also an advantage against those who have only one account open from the beginning of the contest

Hi, Ethan.

Explain to advance it.
Was it described the person is it?

Staff posted:
@KUBOTA777

Just like with any contest, we disqualify all cheaters during and at the end of the contest - that includes multiple identities as well as traders taking advantage of a demo feed and hitting it with thousands of requests until you get off market prices.

We welcome any trading style as long as as you keep it fair.

I assume, next account to delete, it's mine?

Pannik posted:

Staff posted:
@KUBOTA777

Just like with any contest, we disqualify all cheaters during and at the end of the contest - that includes multiple identities as well as traders taking advantage of a demo feed and hitting it with thousands of requests until you get off market prices.

We welcome any trading style as long as as you keep it fair.

I assume, next account to delete, it's mine?

They probably hadn't noticed you yet since you're only up 20% but now that you've drawn attention to yourself, a lot of your trades are 0 seconds. I'm sure you probably qualify to be disqualified.

What???
Only 26 trades are 0 seconds from 23653 !!!!
And.... Avg. Trade Length: 2h 57m
Please, first see and then talk.

mrtodd posted:

They probably hadn't noticed you yet since you're only up 20% but now that you've drawn attention to yourself, a lot of your trades are 0 seconds. I'm sure you probably qualify to be disqualified.

lol your such a clown, how long you been trading 2 days?...

The rules did state that they allow EA's and scalping.
So why are they not allowing these EA's with hf trading.

Could it be that they are manipulating the price feed?

Bear in mind as well, that no comms or roll is calculated here. Which would interfere with the results of the bots.

In the real world. Bot like this would be shut down because you are taking the brokers money. As in a very few cases, your trade is not put out to market and you ARE trading against the broker.
So if you win, they lose.

26 trades at 0 seconds? How do you do that?

I'm sorry. . .

Pannik posted:
What???
Only 26 trades are 0 seconds from 23653 !!!!
And.... Avg. Trade Length: 2h 57m
Please, first see and then talk.

Do not understand.
Please explain in detail.

sirius1fx posted:

mrtodd posted:

They probably hadn't noticed you yet since you're only up 20% but now that you've drawn attention to yourself, a lot of your trades are 0 seconds. I'm sure you probably qualify to be disqualified.

lol your such a clown, how long you been trading 2 days?...

1 week

mrtodd posted:
26 trades at 0 seconds? How do you do that?

Ok, 27!!!
I see it here




and here