RefundFX competition, or how to destroy your acccount by using an unfiltered grid trader. (By shinobi_brian)
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RefundFX competition, or how to destroy your acccount by using an unfiltered grid trader. Discussion
Feb 02, 2012 at 16:36
572 Views
2 Replies
Member Since Feb 01, 2012
2 posts
Feb 22, 2012 at 07:10
holy crap, what robots are you running on this account?! :) (btw, I'm v8rx7 on twitter, this is the account I track my fx scanning robot with)
Member Since Apr 28, 2010
8 posts
Feb 22, 2012 at 13:50
I have a few, gridmeupfx on cable and EURUSD, a free forex robot and some I've paid for. Risk is a lot more for these competitions though, I wouldn't probably use as much risk on a real account - the fills wouldn't be the same and the potential losses would be painful. In fact I'm currently in a drawdown on this account so I'm not confident of my positioning in the competition at the end. Yesterday I was 4th, today I'm currently 23rd lol. Hence my tweet this morning to someone that commented on my losses about not using grid traders. In fact you can, but you need to have filters on them. I know someone that's doing very well with his version of the one I've got, only he has the enhanced one, which has filters. Mine has the basic, which has none. Hence the drawdown :)
Member Since Feb 01, 2012
2 posts
Feb 23, 2012 at 07:22
Wow, yeah, he really fell off the cliff there. I'll have to read about grid traders. I'm fighting MT details right now, my signal receiver is actually a 'script' not an ea... and I guess that means it can't access indicators (Specifically iVolume) It only ever returns the first value, and never gives an error... so a big chunk of my filters are broken right now too..
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