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Contest - amelabs (By Tony Manso )

Gain : +126.74%
Drawdown 87.64%
Pips: 261.1
Trades 64
Won:
Lost:
Type: Demo
Leverage: 1:500
Trading: Unknown

Contest - amelabs Discussion

Tony Manso (amelabs)
Mar 15 2011 at 06:16
67 posts
My trading is a combination of a new robot I designed and me intervening with the robot's trades. No manual trades. All I do is watch the open trades and if it looks like a good time to close, then I close. The robot places all trades (for now anyway) and uses trailing stop and take-profit to manage the trade but sometimes I will close a trade early if it looks like the price is reversing.

It's not likely I'll end up winning the competition unless all the super-high-leverage scalpers take a big loss and let me pass them. And even then I need to beat all the steady growth traders. So my personal goal is to end in the top 50. Of course winning the prize money would be nice. :-)

Tony Manso (amelabs)
Mar 15 2011 at 06:21
67 posts
FYI, I'm also entered in another contest. Surefire Trading Challenge. Much stricter rules than this one. Starting balance is $1000 and maximum size of all open trades combined is 0.5 lots. It would be interesting to see how the high-leverage scalpers would do in that contest.

ForexPro
Mar 15 2011 at 08:25
382 posts
Good performance so far...looks like a lucky strike😉 your other demo accaunts dont perform promising...

Good luck!

Dalibor Filipovik (TheDivine)
Mar 15 2011 at 11:35
1 posts
I entered but when I saw you need to be in top 20 to take place in the final demo round i withdraw, to much time to lose, 1 month now and after one month more, besides i'm not scalper i position trade, i hold from 30 min to couple of days some times few weeks.

The limitation's are indicator that we need to change and grow, always break the boundaries to be free.
Tony Manso (amelabs)
Mar 15 2011 at 17:32
67 posts
Here are some interesting numbers. These numbers are approximate. Of all the contestants in the competition, there are...

145 above opening balance
831 at opening balance (no trades)
385 below opening balance

Only 530 people trading out of 1361? I wonder what the 831 non-traders are waiting for?

The Tramp
forex_trader_[29653]
Mar 15 2011 at 19:04
51 posts
I bet that some of them forgot to attach MyFxBook's EA.

pc8multifx (pc8multifx)
Mar 15 2011 at 19:34
879 posts
This happened to me too... started with 2 days delay..

I'm above opening balance right now, currently rank 22 😎

Tony Manso (amelabs)
Mar 16 2011 at 06:11
67 posts
Same happened to me. I completely forgot about the contest until I got an email saying something like 'it's been 2 days and we haven't seen any trades' and I didn't get that email until the 3rd day 😞

mothaya
Mar 16 2011 at 10:58
32 posts

pc8multifx posted:
    This happened to me too... started with 2 days delay..

I'm above opening balance right now, currently rank 22 😎


How is it now?

pc8multifx (pc8multifx)
Mar 16 2011 at 17:29
879 posts

mothaya posted:
    
pc8multifx posted:
    This happened to me too... started with 2 days delay..

I'm above opening balance right now, currently rank 22 😎


How is it now?


21

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