Discussion of the Forex Contest FX Choice Forex Contest
Myfxbook (Staff)
Miembro desde Jul 31, 2009
posts 1431
Mar 02, 2015 at 08:37
This topic is for discussing the Forex Contest FX Choice.
Mar 03, 2015 at 00:51
here is hoping the rules of this FX Choice Contest will be set out more clearly from the start. good luck to all contestants. may all your trades be in the green.
“Everybody should have a dream. What if that dream comes true?” – Jack Ma
Batak Medan (batak)
Miembro desde Jan 24, 2014
posts 132
Mar 03, 2015 at 07:33
good luck
keep smile
LuisGarcia
Miembro desde Oct 31, 2012
posts 3
Mar 03, 2015 at 07:44
Enlighten something:
Do you allow only manual operations?
Banning all types of EAs?
Do you allow only manual operations?
Banning all types of EAs?
Miembro desde Dec 23, 2013
posts 2
Mar 03, 2015 at 07:46
Hi, Can I use EA made by me? Use of experts advisor is allowed? I read that we cannot use commercial robot.
Jaume Torne (cashforexrobot)
Miembro desde Jun 24, 2012
posts 13
Mar 03, 2015 at 07:48
'The use of commercial robot is prohibited'
commercial means a robot that you can buy on the market?
or it means all kind of robots?
commercial means a robot that you can buy on the market?
or it means all kind of robots?
jaume.torne@
Mar 03, 2015 at 07:53
To prevent 'gambler Trader(s)' who open large lot size trades and luck-that-through-with-a-large-wining-position, I would suggest a limit size on lot trades (perhaps 10.0 lot size) and maximum 5 open trades at any one time.
With these two additional T&C in place, that will give new traders a chance in the competition.
I have checked out this broker and, though I am not too keen on a broker headquarter & regulated in Belize City, Belize, I will try out their trading platform in this competition and see what happens from there.
Also I have checked reviews on couple forums and see that a representative, Anthony K, from FXChoice is very active to resolving complaints from their clients....and that suggest to me that this broker is active in building up their reputation. Impressive! 😀
With these two additional T&C in place, that will give new traders a chance in the competition.
I have checked out this broker and, though I am not too keen on a broker headquarter & regulated in Belize City, Belize, I will try out their trading platform in this competition and see what happens from there.
Also I have checked reviews on couple forums and see that a representative, Anthony K, from FXChoice is very active to resolving complaints from their clients....and that suggest to me that this broker is active in building up their reputation. Impressive! 😀
Miembro desde Apr 20, 2013
posts 2
Mar 03, 2015 at 07:54
May I clarify the rule in the contest which says 'The use of commercial robot is prohibited.' Does this mean we can not use Expert Advisors of any kind or only those being sold in the market? Thanks and good luck to all.
Mar 03, 2015 at 07:54
yes... FXChoice takes US traders so US traders are allowed in contest. Trades any way you would like martingale and grids system are not good to trade in the long run good trading to all.
Trade the market you have, not the one you want.
Mar 03, 2015 at 07:55
Can someone help me explain...
On MT4, when I open an order and see 0,01, 1... Is 0,01 a micro lot? And 1 a mini lot? or is 1 a standard lot?
On MT4, when I open an order and see 0,01, 1... Is 0,01 a micro lot? And 1 a mini lot? or is 1 a standard lot?
"Failure is simply the opportunity to begin again, this time more intelligently." ~Henry Ford~
camilesz
Miembro desde Aug 23, 2014
posts 1
Mar 03, 2015 at 07:57
😎
Mar 03, 2015 at 08:31
It depends on what type of trading account you registered for. If 'cents' account, then profits will be in cents for 0.01, 0.10, etc.
For mini and standard account, the dollar value for 0.01, 0.10 etc will be as the type of trades you make.
For mini and standard account, the dollar value for 0.01, 0.10 etc will be as the type of trades you make.
Mar 03, 2015 at 09:52
That last contest thread set a new record for dumb questions easily answered by reading the rules...and definitely for the most whiners. Hopefully this will be better...though I see the questions have already started.
We do need to clarify the rule regarding 'commercial robots' though. As a couple others have asked, how would they differentiate between EA's that were purchased and ones that were coded by the trader themselves....or ones downloaded for free. Does this mean no EA's at all? (I don't use them so it makes no difference to me...but this IS a good question that needs an answer.)
We do need to clarify the rule regarding 'commercial robots' though. As a couple others have asked, how would they differentiate between EA's that were purchased and ones that were coded by the trader themselves....or ones downloaded for free. Does this mean no EA's at all? (I don't use them so it makes no difference to me...but this IS a good question that needs an answer.)
Mar 03, 2015 at 09:53
RahmanSL posted:
To prevent 'gambler Trader(s)' who open large lot size trades and luck-that-through-with-a-large-wining-position, I would suggest a limit size on lot trades (perhaps 10.0 lot size) and maximum 5 open trades at any one time.
With these two additional T&C in place, that will give new traders a chance in the competition.
There are no such 'rules' in the real world so this is a dumb idea IMHO. If somebody wants to trade balls out they should be allowed to...if they make good trades and know what they are doing they win big...if not, they blow up their account real fast. I've said this before but I'll say it again: Soros didn't become rich and famous by risking 2% per trade. That's just the way it is with short 1 month contests like these. If you want a 'prop trading simulator' type of contest, go enter the Dukascopy one.
