Discussion of the Forex Contest Squared Financial Forex Contest
Member Since May 28, 2010
3 posts
Feb 05, 2015 at 13:45
visakha posted:
This type of contest not good for real talented traders.I have some specifications for all contest
IF ANY ONE SUPPORT ME.PLZ GIVE ME THE REPLAY
I agree to you. Else no need to have contests.
Member Since Apr 25, 2012
285 posts
Feb 05, 2015 at 14:50
1 sec or 0 sec trades cannot happen at real time at any retail platform ,
fxcm previous contest was also rigged by that way winner had many rigged trades.
This is only a demo trick you can do it only on demo. Ya these contests are useless for serious traders and the only benefit traders can have is fun.
For brokers these contest are very usefull they attract more customers.
fxcm previous contest was also rigged by that way winner had many rigged trades.
This is only a demo trick you can do it only on demo. Ya these contests are useless for serious traders and the only benefit traders can have is fun.
For brokers these contest are very usefull they attract more customers.
Feb 05, 2015 at 16:10
i can't believe this how people like nicolaos can steel be in contest... i hope you will be banned soon... and organization of this contest you are not serious if you aloud, that this things can happen lol this is no contest case you don't need to show your skills but you need to show how good you are in chiting lol... i will put this on meny forums so other people can see what you doing and what you allowd
Feb 05, 2015 at 16:15
hi, all:
definitely, it is cheat system.
if broker is truly ECN system, the spread is low , however, average commission is $4-5 per lot and that mean will cause 8-10 to open/close one trade,
if we count that commission cause is $8 per open/close trade, this system will lost million of dollars, open 1000 lots x $8 commission, will reduce $8000 per open/close passion, if you read his profit average $2000-4000, what his profit is much less than average commission cost, that is huge lost. no way you can make money in real live account.
definitely, this system only work with no commission and no spread demo system, will wipe out account which it running on live system with reasonable spread and commisions
definitely, it is cheat system.
if broker is truly ECN system, the spread is low , however, average commission is $4-5 per lot and that mean will cause 8-10 to open/close one trade,
if we count that commission cause is $8 per open/close trade, this system will lost million of dollars, open 1000 lots x $8 commission, will reduce $8000 per open/close passion, if you read his profit average $2000-4000, what his profit is much less than average commission cost, that is huge lost. no way you can make money in real live account.
definitely, this system only work with no commission and no spread demo system, will wipe out account which it running on live system with reasonable spread and commisions
control Risk first and make profit second
Feb 05, 2015 at 16:16
Wow, people using 5,000 lots and 1,000 lots. I knew there'd be some ridiculously insane people that will try man-over their way to the top. But to me its not even if I win or not but just to see how far I go in this competition to know my progress. I trade maunally and i am very well impressed with my results, considering in all fairness I am amongst the first 200, not bad. Lets see where this takes, as I have a daily target. I work with strict money/risk management, and they way I trade demo is same way I trade live. Wish everyone the best, except people that dont play fair lol.
Feb 05, 2015 at 16:16
I crashed my contestaccount on monday allrready, because I just waste my time here. Algo-Hyper-EA´s killed that contest in under one day. Now it is out of control. Information for all the Scriptkiddies how killed this contest:
Algo-EA´s work with a minimum of 50000$. Real Trader let that scripts run with a minimum of 100000$. You cant use it with a few thousend. In this contest you got a bann and there is now way to win on that way. All what you got is that no one win this contest. If you buy or get one of this EA´s ... test it on a other account AND NOT IN A CONTEST!
I prefer a complete stop of the contest. Change the rules, reset all and start it again.
Algo-EA´s work with a minimum of 50000$. Real Trader let that scripts run with a minimum of 100000$. You cant use it with a few thousend. In this contest you got a bann and there is now way to win on that way. All what you got is that no one win this contest. If you buy or get one of this EA´s ... test it on a other account AND NOT IN A CONTEST!
I prefer a complete stop of the contest. Change the rules, reset all and start it again.
Feb 05, 2015 at 16:17
Dear Broker,
I pay less than a dollar on a 50 Lot trade and I struggle to believe that commission stays as low as it is on a live account. I demand that you adjust the commission in this contest and retroactively charge the commission on our accounts. There are accounts that trade almost 1000 trades a day with a lotsize of 1000 while they take 2 Pips on a trade. This only works because of no slippage and ultra low commission, plus instant execution - all factors that we won't have on a live account. I believe that non of the current leaders in this contest will trade a live account with you for one clear reason: Their trading robots won't work on a life account.
Dear Broker, if you want to attrackt traders who are serious with trading and willing to invest real money, then please disqualify those scalping EAs!
I pay less than a dollar on a 50 Lot trade and I struggle to believe that commission stays as low as it is on a live account. I demand that you adjust the commission in this contest and retroactively charge the commission on our accounts. There are accounts that trade almost 1000 trades a day with a lotsize of 1000 while they take 2 Pips on a trade. This only works because of no slippage and ultra low commission, plus instant execution - all factors that we won't have on a live account. I believe that non of the current leaders in this contest will trade a live account with you for one clear reason: Their trading robots won't work on a life account.
Dear Broker, if you want to attrackt traders who are serious with trading and willing to invest real money, then please disqualify those scalping EAs!
Feb 05, 2015 at 16:34
forex1o1 posted:
i agree with you rahmansl, i don't wish to win. i can build your system if you want, free , but closed source😎
Thank you for the offer @forex1o1.....but frankly, I would not know what to do with an EA 'cause I have never used one and I would rather trust my own analysis of them market :p.....
Feb 05, 2015 at 18:18
My applause to those daring competitors who makes 50-100-1000 lots size trades whileI would only dare to make 3.0 lot size trades.....BUT.......hehehe...I see some competitors are making 0.01 lot size trades (on a usd50k account???) which will most certainly not help to increase their trading account by very much.
Feb 05, 2015 at 18:28
Nego posted:
Dear Broker,
I pay less than a dollar on a 50 Lot trade and I struggle to believe that commission stays as low as it is on a live account. I demand that you adjust the commission in this contest and retroactively charge the commission on our accounts. There are accounts that trade almost 1000 trades a day with a lotsize of 1000 while they take 2 Pips on a trade. This only works because of no slippage and ultra low commission, plus instant execution - all factors that we won't have on a live account. I believe that non of the current leaders in this contest will trade a live account with you for one clear reason: Their trading robots won't work on a life account.
Dear Broker, if you want to attrackt traders who are serious with trading and willing to invest real money, then please disqualify those scalping EAs!
Yes.On live account commision is 0.6$ per 1.0LOT traded round trip
