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Forex Contest Fidelis Capital MARKETS

Robert Lotter
Setbot
May 09 2015 at 11:30
6 posts
gabriele2274 posted:
bharathfx posted:
I would like to bring to organizer's notice that the contestant gabriele2274 (currently at #1) has broken the contest rules.

It clearly says: 'The Contest will not allow more than a total of 500 open positions at any given time'

Look at this trader's open positions exceeding more than 500 positions !!

Please see the screenshot as proof.


Hello everyone I read the post and now you have already commented on everything that you could say good luck to all

Normally mt4 will not allow more than 500 open positions, you just can't open more, I can't see any screen shot

herdiyanto
May 09 2015 at 11:32
6 posts
iBrokersFX posted:
holyltd posted:
Guys, luck is a definitive part in Forex contests. If we trade safe, the winner will be someone who risked almos everything and just by little he avoided a margin call...

Sad but true... someone should make other contest about not blowing up the account keeping slow, constant profit for months.



I Agree.

Is there some broker or something, with courage to make rules who are praticable in the market?


Yup, winner should be determined by pips growth, not equity growth, you can just made 100 pip and win the contest if you're using 10,000 lot ( total in a month or 500 lot per trade) for examples, others who made 5,000 pips will got nothing since they're using 0,01 - 2,00 lot (a more managed risk) per say

Graham Paton
Togaharpman
May 09 2015 at 11:34
1 posts
I was sitting in the top 5 for most of last week then decided to gamble. I would never trade my account like this and don't think contests like these are a good influence on new traders. However, its free, fun & brings out the competitiveness in people and as long as you can switch your mindset back to sensible mode on your real account, then I see no harm in these lotteries.

ydpm
May 11 2015 at 04:25
24 posts
herdiyanto posted:
iBrokersFX posted:
holyltd posted:
Guys, luck is a definitive part in Forex contests. If we trade safe, the winner will be someone who risked almos everything and just by little he avoided a margin call...

Sad but true... someone should make other contest about not blowing up the account keeping slow, constant profit for months.



I Agree.

Is there some broker or something, with courage to make rules who are praticable in the market?


Yup, winner should be determined by pips growth, not equity growth, you can just made 100 pip and win the contest if you're using 10,000 lot ( total in a month or 500 lot per trade) for examples, others who made 5,000 pips will got nothing since they're using 0,01 - 2,00 lot (a more managed risk) per say
In forex making pips is not important, our final target is to earn money we should get profit at the end thats it, if any one trade with 0.01 lot with 10000 account they are using only 1000 usd funds only, so what is the use ?

Robert Lotter
Setbot
May 11 2015 at 10:02
6 posts
ydpm posted:
herdiyanto posted:
iBrokersFX posted:
holyltd posted:
Guys, luck is a definitive part in Forex contests. If we trade safe, the winner will be someone who risked almos everything and just by little he avoided a margin call...

Sad but true... someone should make other contest about not blowing up the account keeping slow, constant profit for months.



I Agree.

Is there some broker or something, with courage to make rules who are praticable in the market?


Yup, winner should be determined by pips growth, not equity growth, you can just made 100 pip and win the contest if you're using 10,000 lot ( total in a month or 500 lot per trade) for examples, others who made 5,000 pips will got nothing since they're using 0,01 - 2,00 lot (a more managed risk) per say
In forex making pips is not important, our final target is to earn money we should get profit at the end thats it, if any one trade with 0.01 lot with 10000 account they are using only 1000 usd funds only, so what is the use ?

There should be a rule that you can't trade more than 0.01 for every $250 account balance, so every $1000 would trade a maximum of 0.04,for the competition. Normal trading should be about 0.01 for every $500 account balance to be safe

cfflo69 (cfflo69)
May 11 2015 at 14:55
13 posts
has anyone else notice that most of the top 10 traders in the competition have blown up every account in the past , how do we know if its luck this time around.. and i see people tracking them. lol i guess it hard to tell a real trader froma lucky one .

i am currently in 73 position of the competition . i hope to advance more this week .
happy trading to all ..

put your money where the market is.
Forexmanager9 (Forexmanager9)
May 11 2015 at 19:17
29 posts
cfflo69 posted:
has anyone else notice that most of the top 10 traders in the competition have blown up every account in the past , how do we know if its luck this time around.. and i see people tracking them. lol i guess it hard to tell a real trader froma lucky one .

i am currently in 73 position of the competition . i hope to advance more this week .
happy trading to all ..


Wait and watch. If not all then at least 7 of them will blow this account too

Cryptocurrency (Cryptocurrency)
May 12 2015 at 12:59
178 posts
Where is the link to this contest's rules?

I trade Forex using my Bollinger Trend PRO mt4 indicator.
cfflo69 (cfflo69)
May 12 2015 at 18:14
13 posts
i am out of this competition i have real accouts to manage , and this is casino contest . lol the best i did was 71st spot and iam proud of that . but iam officially done .. if anyone wants to free pips visit me on facebook.com/pendingentry .. i have been giving out pips for 6 months now no loosing weeks yet .

happy trading to all ..

put your money where the market is.
Forexmanager9 (Forexmanager9)
May 12 2015 at 18:41
29 posts
cfflo69 posted:
i am out of this competition i have real accouts to manage , and this is casino contest . lol the best i did was 71st spot and iam proud of that . but iam officially done .. if anyone wants to free pips visit me on facebook.com/pendingentry .. i have been giving out pips for 6 months now no loosing weeks yet .

happy trading to all ..


Why would you give up ? You can simultaneously trade accounts just like I do. I know its demo but everything teaches you something ;)

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