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Discussion of the Live Forex Contest Fidelis Capital Markets Forex Contest
Nov 03, 2015 at 06:57
rashmi posted:Orangotang posted:
live contest is a different ball game. only traders with a good strategy end up winning.
@Orangotang
Exactly true ...
In this contest Floating Profit and Loss at the end of the Contest will be used in the TWR formula for the purpose of defining the winners of the Contest .
That is good Rashmi.
I've reported another bug on the competitors page. While all the other sorting functions are fixed, the sorting of "Gain(Equity)" is inaccurate. I hope this bug get fixed soon.
Never Give Up or Give In To The Market
Nov 03, 2015 at 07:14
rashmi posted:Orangotang posted:
live contest is a different ball game. only traders with a good strategy end up winning.
@Orangotang
Exactly true ...
In this contest Floating Profit and Loss at the end of the Contest will be used in the TWR formula for the purpose of defining the winners of the Contest .
That sounds very fair.
Never Give Up or Give In To The Market
Miembro desde Oct 28, 2015
posts 52
Nov 03, 2015 at 10:59
I love this statistics of the contest they are a true representation of the Forex world. out of 119 participants only 14 are profitable that is around 11%. in the first week. 😉
Prayer is the True Power that controls the World.
Nov 03, 2015 at 13:43
Orangotang posted:
I love this statistics of the contest they are a true representation of the Forex world. out of 119 participants only 14 are profitable that is around 11%. in the first week. 😉
So far, only 43 contestants have traded.
Never Give Up or Give In To The Market
Miembro desde Apr 07, 2014
posts 207
Nov 03, 2015 at 13:47
Orangotang posted:
I love this statistics of the contest they are a true representation of the Forex world. out of 119 participants only 14 are profitable that is around 11%. in the first week. 😉
Only 45 participants have entered trades so far.
About 10 traders have already lost their money.
Since just a few do apply a Stop Loss maybe ALL traders will lose in the end..... We will see.
A blue marlin in the ocean is like a trader in the markets, no enemies but evil people.
Miembro desde Oct 28, 2015
posts 52
Nov 03, 2015 at 13:52
bluemarlin5 posted:Orangotang posted:
I love this statistics of the contest they are a true representation of the Forex world. out of 119 participants only 14 are profitable that is around 11%. in the first week. 😉
Only 45 participants have entered trades so far.
About 10 traders have already lost their money.
Since just a few do apply a Stop Loss maybe ALL traders will lose in the end..... We will see.
yap in the meantime let me try to open a live account again.
Prayer is the True Power that controls the World.
Miembro desde Aug 19, 2015
posts 15
Nov 04, 2015 at 15:57
Orangotang posted:
I love this statistics of the contest they are a true representation of the Forex world. out of 119 participants only 14 are profitable that is around 11%. in the first week. 😉
True picture is less than 5 % make profit here but i am still happy because i am in those 5 %.Cheers
Miembro desde Aug 19, 2015
posts 15
Nov 04, 2015 at 15:58
bluemarlin5 posted:Orangotang posted:
I love this statistics of the contest they are a true representation of the Forex world. out of 119 participants only 14 are profitable that is around 11%. in the first week. 😉
Only 45 participants have entered trades so far.
About 10 traders have already lost their money.
Since just a few do apply a Stop Loss maybe ALL traders will lose in the end..... We will see.
Morover we shall have and apply trailing SL.
Nov 05, 2015 at 07:30
I am lucky for TWR formula. Its a fair game because its showing little bit how risky trading is.
I am using SL and TP in every trade, so It was very hard form me to develop successful strategy with stops and without martingale ;-)
I will be very satisfied for a place within top ten traders, but its very hard to find a way for optimal contest risk without loosing account :-)
For my system is optimal balance 10.000 USD or 60000 USD (which I trade on the other account), not 500 :-D
I am using SL and TP in every trade, so It was very hard form me to develop successful strategy with stops and without martingale ;-)
I will be very satisfied for a place within top ten traders, but its very hard to find a way for optimal contest risk without loosing account :-)
For my system is optimal balance 10.000 USD or 60000 USD (which I trade on the other account), not 500 :-D
Don't be evil!
Miembro desde Apr 07, 2014
posts 207
Nov 06, 2015 at 09:21
Tomac posted:
I will be very satisfied for a place within top ten traders, but its very hard to find a way for optimal contest risk without loosing account :-)
You definitely will be in top 10 if you will stay positive.
You may even be in top 3.
Others will lose money.
They are not using a Stop Loss.
A blue marlin in the ocean is like a trader in the markets, no enemies but evil people.
Miembro desde Apr 07, 2014
posts 207
Nov 06, 2015 at 09:22
Tomac posted:
For my system is optimal balance 10.000 USD or 60000 USD (which I trade on the other account), not 500 😁
It was not forbidden to open an $ 60.000 account.
$ 500 was just the minimum.
You can still add those $ 60.000.
Do that and you can trade for the win !
A blue marlin in the ocean is like a trader in the markets, no enemies but evil people.
Miembro desde Apr 07, 2014
posts 207
Nov 06, 2015 at 09:28
For some reason two comments were erased.......
Ist this comment section for participants only ?
😈
Ist this comment section for participants only ?
😈
A blue marlin in the ocean is like a trader in the markets, no enemies but evil people.
Miembro desde Aug 19, 2015
posts 15
Nov 06, 2015 at 09:28
Tomac posted:
I am lucky for TWR formula. Its a fair game because its showing little bit how risky trading is.
I am using SL and TP in every trade, so It was very hard form me to develop successful strategy with stops and without martingale ;-)
I will be very satisfied for a place within top ten traders, but its very hard to find a way for optimal contest risk without loosing account :-)
For my system is optimal balance 10.000 USD or 60000 USD (which I trade on the other account), not 500 :-D
Appreciate your view on TP & SL. Trailing SL shall also benefit as we gain more than what we expected. You have been trading with discipline, if trader trades like you Forex market will be blessing for them. Good luck to you for the contest. Have a great weekend.
Nov 06, 2015 at 14:45
watchme posted:
Challenging day but, better than the previous... will continue pushing on.
Pushed on a little bit better. During news, fidelis trade execution is good. There is no requotes and hassle.
Never Give Up or Give In To The Market
Nov 08, 2015 at 08:17
I am almost certain that due to the registration being open throughout the contest, it makes the competion stats very buggy.
All other contest are fine once registrations are closed.
Of course i might be wrong...
All other contest are fine once registrations are closed.
Of course i might be wrong...
Never Give Up or Give In To The Market
