So the contest has just began...

Contradiction - So Randy can actually win every demo contest since he said that able make 25k per days in demo.
                      But Randy never join demo contest to win the broker money.

Conclusion 1 : Using abrigate Ea that only work on certain broker. So it didn't work on most broker contest.

Conclusion 2 : Randy is very rich, after demo give him good result but live result make him lose money.
                      He decided to put real money for live test instead trusting demo test and back test.
                      And he finally got the system he want through the live experience.

Dear Rany,

Can you spare some times and send me the EA that can make big money over demo, as I'm still very poor, need to win all the broker contest game to start a live account. But if the EA is genius or abrigate strategy, then never mind as i also got but never use as it only work on certain broker demo.

DoubleTrap.

The point is testing live is too expensive, so spare me some demo EA that do not work on live.

Take a good look at one of my real accounts bla bla bla you only wish you could I simply do it..
Randy

pc8multifx posted:
    bla, bla, bla......

Watch out fellows: our forex clown is back 😝

Huh I think we have a slight translation problem.
Let me correct you as I know every word I said. The 25k in demo is correct but as I said and my point is and has been with that where does it get you..nowhere..

1. Yes it is a abrigateEA but a real one which means it will also run on live accounts and I gave my word that I would not make copies and I always keep my word..

2. I really do not understand what you are saying here but I repeat I never done a demo in my life when it came to testing a EA it's always been live testing..my own experience has proven to me that you can never go by what a demo does. It's
impossible simply because you are dealing with many extra variables that you do not have in a demo feed. And there is no way to measure how much each variable can throw off the results this is why Demos are useless but they can make you feel good I guess so maybe not entirely useless ..
randy

ForexSeeker posted:
    Contradiction - So Randy can actually win every demo contest since he said that able make 25k per days in demo.
                      But Randy never join demo contest to win the broker money.

Conclusion 1 : Using abrigate Ea that only work on certain broker. So it didn't work on most broker contest.

Conclusion 2 : Randy is very rich, after demo give him good result but live result make him lose money.
                      He decided to put real money for live test instead trusting demo test and back test.
                      And he finally got the system he want through the live experience.

Dear Rany,

Can you spare some times and send me the EA that can make big money over demo, as I'm still very poor, need to win all the broker contest game to start a live account. But if the EA is genius or abrigate strategy, then never mind as i also got but never use as it only work on certain broker demo.

DoubleTrap.

The point is testing live is too expensive, so spare me some demo EA that do not work on live.

Another confuse statement :
1. I never done a demo in my life.
2. The 25k in demo is correct
3. I have EAs that will make over $25k per day on Demos
4. my own experience has proven to me that you can never go by what a demo does.

So you never run a demo test b4, but your experience in live proven that forex is dealing with many extra variables that you do not have in a demo feed.

What extra variable you talking about ?

The variable we all know is :
1. Demo always accepted you order without many re-quote.
2. Live will experience unable to make order as busy context when votality price movement.

So you never done a demo test before, then how you know what is the different ?
Where your experience of proven come from ? Any articles or web page stated you read from ?

What kind else of data feed in live that different from demo ?
Stochastic , volume , RSI, ??

I'm a newbie, no experience what is the data feeding on. I only notice the data history only store few paramater.
1. High price
2. Low price
3. Open price
4. Close price
5. Volume

The stochastic, RSI, is calculate from this 5 data feed only ?
What else global variable of data feed that did not store in data history ?

pc8multifx posted:
    Watch out fellows: our forex clown is back 😝

Yes, in fact he is a clown 😄 Go to his (MyLiveEA) 'Real' system, choose Custom Analysis, change the starting date to Jan 1 2010, and you'll see 😁 The system has suffered a 42.20% drawdown at one point. That's why he set the default starting date to March 2.

The bottom line is that EA's do not work in long term... That's the fact. One way to show up with a 'working' EA is to change the starting date 😉

Regards,

Fifty

Well as he said he use live account to do testing, sure i think it will suffered great draw down ad loss.
But the important point is it has make enough profit to cover the bad moment of fashion.
Average of 50% ROI by full automated is sound very good, but so far only 2 month result is nothing much to confirm yet.

My last time martingale system have 3 month continues 100% ROI every month, the 4 month onward start to fail when market price become violent.

My another demo system 7.5 month fully automated average ROI 60%. 500 Ac fresh start every month without compounding.

The pattern curve of balance on Randy account do show the potential as FXZapper/XBar, that able to climb very fast using MM compounding. But the problem of FXZapper is no recovery system, if indicator fail, the fall is fast too.

So let see more in month if that Randy recovery system able to cover up his MM lot size which stacking bigger in times.

My Forex Champion competition platform will be broadcast live at https://my.whylose.com for anyone who's interested. It's up for the next couple of hours and then will be switched over to the competition account later.

bla bla bla some people are a still in kindergarten. Of course the starting with my finished EA began Mar 2.
If you grew a few more rain cells you would see from Mar 2 until now I have over 118%.
I have already gave the reason of why the one date in February lost s much. It's was simply because I was still in the testing phase of my EA if you read more of my posts you would see that I launch my finished product on Mar 2. And read what I have posted I do not use Demos having such a real loss would be common for me when I am testing..so what's tour point..

Hey i am not here to say I am better than everyone, I am sure better than most here unless we have all of the 5% winners on myfxbook. My point was from the start Demos are no good. they will never give you a accurate result. By their nature they cannot it has a lot more to do than just re-quotes but here's the fact everyone is entitled to listen to whoever they want. You can listen to a winner who has his deposit back in less than 2 months or just listen to the same folks you always do ..

Randy

fiftylots posted:
    

pc8multifx posted:
    Watch out fellows: our forex clown is back 😝

Yes, in fact he is a clown 😄 Go to his (MyLiveEA) 'Real' system, choose Custom Analysis, change the starting date to Jan 1 2010, and you'll see 😁 The system has suffered a 42.20% drawdown at one point. That's why he set the default starting date to March 2.

The bottom line is that EA's do not work in long term... That's the fact. One way to show up with a 'working' EA is to change the starting date 😉

Regards,

Fifty

Please do not associate what I do with crap EAs.
You would never achieve such results on a live account number 1 and number 2 even on your demo accounts you'll never got those numbers with a draw down as low as mine.

You are right about one thing though I do have a recovery system. This is why I said Demos are no good. Your posts shows this. Your talking about all these great numbers but only on a demo lets see you run that same EA for even 2 weeks on a real account. Like I said I can run demos and make millions so what. I can run my own EA with a special setfile that will run for years without me having to go in and touch it. The profit would be low but it would never blow a account.
So if you want me to listen to you next time then give me some real results not this demo crap..
randy

Ok need to make more money I will let you 2 kids play..
randy

ForexSeeker posted:
    Well as he said he use live account to do testing, sure i think it will suffered great draw down ad loss.
But the important point is it has make enough profit to cover the bad moment of fashion.
Average of 50% ROI by full automated is sound very good, but so far only 2 month result is nothing much to confirm yet.

My last time martingale system have 3 month continues 100% ROI every month, the 4 month onward start to fail when market price become violent.

My another demo system 7.5 month fully automated average ROI 60%. 500 Ac fresh start every month without compounding.

The pattern curve of balance on Randy account do show the potential as FXZapper/XBar, that able to climb very fast using MM compounding. But the problem of FXZapper is no recovery system, if indicator fail, the fall is fast too.

So let see more in month if that Randy recovery system able to cover up his MM lot size which stacking bigger in times.

My, my, settle down people. The only thing that really matters is how your account is doing. Don't listen to the hype.
I do agree that there is differences between real and demo accounts, but not that much. Maybe it depends on the EA, but I think the differences between brokers is more important. I run both demos and live accounts across multiple brokers using the same EA and the exact same settings, both on a VPS server and on a home computer. Even different connections can make a difference. My brother runs my EA in a town a few hundred miles a way and he gets a slightly different data feed from the same broker. Some brokers have more requotes than others. Yes demos dont have as many requotes, but a good EA will be programed to minimize the impact.
My EA works pretty much the same on both demos and live accounts. maybe a little difference but certainly not enough to say that the demo is inaccurate. Now, I have written some EAs that are really spread and feed dependent, and therefore the Demo and live account results are much different. But again I think that it depends more on the broker than anything else.
For the contest, FXDD would not have been my first choice, simply because they do not trade the AUD/CAD, which my EA thrives on. But hey, I'll run it with the EUR/JPY, and see how it goes. Im here to learn and have fun, and maybe make a little cash along the way. I am also very thankfull to FXDD for participating.
But if your not in the contest, don't disrespect those that are.

Thank you I do not mean disrespect but there is a very large difference between live and demo. Now I agree it is possible to have a EA where you do not see much difference but that is just something that happens and has nothing to do with nothing IMO.
I should have change my original comment to Demos are useless when running fast moving EAs. They do work fine and are accurate with any manual trading system. Maybe this illustration would help some see exactly what I mean and again the only reason I bring this point up is because no one else will and it's the truth and if you go by demos with your EA the chances of losing your money is very high.

Ok imagine a oval race track you know the kind you might have had as kids. You put the car in it's lane and turn on the juice and it will go around and around not stopping and not crashing once you get your speed correct. That car will go for days around and around.
Now picture the same race track and same car but this time every now and then something falls on the track which causes the car to crash. There you have it..I think anyone can understand this and this is exactly the difference between a Demo and a real account with fast moving EAs. Now if the cars in my example were much slower they would have time to get out of the way of fallen debris etc , it's the same with EAs if you have slow moving EAs demos will be fine but when you get into the hedging EAs etc where you need speed to work properly then Demos will never give you a accurate result.
randy

Exactly. Well put. Fast moving EAs, including those that utilitze hedging must only be analyzed on live accounts. Slower moving EAs (like mine) or slower manual trading, work on both demos and live accounts. Either fast or slower methods may make the user money, but they do it in different ways. Who is to say one is better than the other.
That being said, since this contest is run on demo accounts, those that can benifit will. It would be interesting to see a contest for live accounts. Maybe that is something the good folks here at myFXBook can organize. But for now, this is what we have.
Good Luck!

This is do or die contest for me...
I'm going to trade with 1lot for this 1k acc.
If my account didn't blow for 1week..then i will have more money to increase my lot size..

In order to win this contest..we need to trade high with high risk and maintain it for 1 mth..

Good luck to all of us...

Ready and go for it...!!!😎

Well said I like the way you think..
Happy trading
Randy

michigansurveys posted:
    Exactly. Well put. Fast moving EAs, including those that utilitze hedging must only be analyzed on live accounts. Slower moving EAs (like mine) or slower manual trading, work on both demos and live accounts. Either fast or slower methods may make the user money, but they do it in different ways. Who is to say one is better than the other.
That being said, since this contest is run on demo accounts, those that can benifit will. It would be interesting to see a contest for live accounts. Maybe that is something the good folks here at myFXBook can organize. But for now, this is what we have.
Good Luck!

Yes I understand your logic but this is exactly what I mean by using a demo it's not real so it helps no one. Let me ask you would you ever trade like that with real money of course not. So what you really have here is a bad form of gambling hoping your 1 lot size on 1k makes it through. This has absolutely nothing to do with trading and it is precisely why I brought up the subject of demos being no good in the first place. It's not just because of re quotes etc as I said in a previous post it has to do with exactly what your doing here and that is simply gambling with all the odds against you and hoping you can win. Make this a live contest with trading real money and this kind of betting never enters the picture..

Ok nuff said I think some of the more rational folks here got exactly what I posting about..
randy

Lionmi posted:
    This is do or die contest for me...
I'm going to trade with 1lot for this 1k acc.
If my account didn't blow for 1week..then i will have more money to increase my lot size..

In order to win this contest..we need to trade high with high risk and maintain it for 1 mth..

Good luck to all of us...

Ready and go for it...!!!😎

I went through the process of registering for the contest, got my acct., got the myfxbook ea running, etc.. I read somewhere that the acct.'s would be reset to $1000 @ start of contest so I started trading my contest acct. It is still active and has not been reset, when will this happen? Also, just received the login details for the contest. Can you be specific as to the log in process and when to do it (before start, after start)? Are these my account login details or is there another login for the contest?

I also just recieved a new login and password for the account to use, but it does not work. Anybody else having these issues?

Below is my question and answer from earlier. So the competition account should be disabled currently.

WhyLose posted:
    I just noticed in my FXDD account registered for the competition in Connection Status - bottom right on the platform - it's just gone 'Account Disabled' - anybody know what may have caused this please? Or is anyone else experiencing the same issue? I cannot log in. Checked the obvious.
</quote


<quote=Staff>
    Yes, it's normal - accounts are disabled by FXDD until the start of the contest, in order to have the same starting point for all of the accounts.