Discussion of the Forex Contest Squared Financial 2014 Forex Contest
Aug 26, 2014 at 06:22
Here is attachment from binzhi1818, he sold gold from last week and got margin called yesterday at 1315 . His last position #4 on friday. My last positiion #2 before this abnormal price, so it really make me disapointed 😞 And the broker / admin did'nt respond this issue
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trading is art
Aug 27, 2014 at 06:58
This is not a fair contest!!
I had a balance of 84K when getting a margin call on Friday 22nd. My understanding is that the highest -ve trades trades ought to be closed.This would have made my balance be around 43K-50K. In my case, Squared Financial deducted the negative profit and consolidated all the positions at a lower open price. Waking up on Monday, I could not even place a hedging position for a further downside for a short distance before it hit a 2nd margin call and before the prices shot up in my direction!! Rather than they reduce me to zero. I closed the trades with double the loss. Balance closed at near 16K. Even if I am new to forex, I have never experienced this absurdity with other demo brokers!!!
I had a balance of 84K when getting a margin call on Friday 22nd. My understanding is that the highest -ve trades trades ought to be closed.This would have made my balance be around 43K-50K. In my case, Squared Financial deducted the negative profit and consolidated all the positions at a lower open price. Waking up on Monday, I could not even place a hedging position for a further downside for a short distance before it hit a 2nd margin call and before the prices shot up in my direction!! Rather than they reduce me to zero. I closed the trades with double the loss. Balance closed at near 16K. Even if I am new to forex, I have never experienced this absurdity with other demo brokers!!!
Keep Learning and better your best!!
Aug 27, 2014 at 10:01
Hi,
Why don´t we have any response of the administrator of what happened with the Xau/Usd beginning this week. Strange also the first classified haven`t realized other order since then. Sure he is not part of the broker`s staff and make sure the Price keeps in their account?
Definitively the worst contest I`ve participated...
The saddest thing about all that is that a website as MyFxBook give a space at such a brokers.
Sincerally
Nordic
Why don´t we have any response of the administrator of what happened with the Xau/Usd beginning this week. Strange also the first classified haven`t realized other order since then. Sure he is not part of the broker`s staff and make sure the Price keeps in their account?
Definitively the worst contest I`ve participated...
The saddest thing about all that is that a website as MyFxBook give a space at such a brokers.
Sincerally
Nordic
Miembro desde Jul 16, 2014
posts 3
Aug 27, 2014 at 20:45
Why is no one held accountable???
:|
:|
Miembro desde Jul 27, 2014
posts 1
Aug 28, 2014 at 14:05
haha! very poor broker!
Miembro desde Apr 20, 2010
posts 814
Aug 29, 2014 at 00:55
Why the slippage not working ? In my EA. slippage is set to 3.
But the Gold spread more than 3 pip my EA still open trade.
Is it mean the Broker can manipulate the Slippage control of OrderSend() function ?
I need write an external detect of spread to avoid this?
But the Gold spread more than 3 pip my EA still open trade.
Is it mean the Broker can manipulate the Slippage control of OrderSend() function ?
I need write an external detect of spread to avoid this?
Information is Gold when come to organised.
Miembro desde Jun 09, 2014
posts 138
Sep 01, 2014 at 06:39
Yeah, not cool at all.
Miembro desde Jul 31, 2009
posts 1449
Sep 02, 2014 at 07:18
https://www.myfxbook.com/members/zhilil/contest-zhilil/977065
https://www.myfxbook.com/members/zhi007/contest-zhi007/982769
One of the above accounts was ranked 3rd - both accounts were disqualified as we've identified it is the same trader.
https://www.myfxbook.com/members/zhi007/contest-zhi007/982769
One of the above accounts was ranked 3rd - both accounts were disqualified as we've identified it is the same trader.
Miembro desde Jul 16, 2014
posts 3
Sep 02, 2014 at 10:12
@Ethan
Please let me know about Squared disqualified !!!! and show us some explanation about last week #$#% situation!!!
Please let me know about Squared disqualified !!!! and show us some explanation about last week #$#% situation!!!
Sep 05, 2014 at 13:38
The contest has ended, but how is Skalavox (currently 3rd), Junaidi (currently 4th) and Omoo (currently 5th) still making trades in the past 5 days (since September 1) and moving up the rankings. They're cheating and trading after the contest has finished.
Discipline and Patience...if you lack these traits, you won't last as a trader...hehe
Sep 08, 2014 at 06:30
pipmasta posted:haha, not same GMT i guess ^^
The contest has ended, but how is Skalavox (currently 3rd), Junaidi (currently 4th) and Omoo (currently 5th) still making trades in the past 5 days (since September 1) and moving up the rankings. They're cheating and trading after the contest has finished.
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