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Discussion of the Forex Contest Squared Financial 2014 Forex Contest
Member Since Dec 26, 2013
2 posts
Aug 04, 2014 at 09:49
Member Since Jan 12, 2014
102 posts
londontrader posted:
The tortoise wins the race.
Depends. It's only a 30 day race and the #1 trader seems to have a nice scalping system going on. Still plenty of time for traders to rise and traders to fall. Should be interesting.
You've gotta be in it to win it.

forex_trader_95486
Member Since Oct 17, 2012
29 posts
Aug 04, 2014 at 09:50
Member Since Oct 17, 2012
29 posts
Hi Ethan
I just send a report. SF calculated margin (aka margin used incorrectly) I will report the screen grab here for your investigation
NOTE margin used = Lot size * 100,000 * EP / leverage
ONE trade in my contest acct, lot size 37.7 ep=1.34224
margin==> 37.7 * 100,000 * 1.34224 / 200==> 25,301.224 or rounded to 25,301.22
on SF mt4, showed as 25,447.50
I just send a report. SF calculated margin (aka margin used incorrectly) I will report the screen grab here for your investigation
NOTE margin used = Lot size * 100,000 * EP / leverage
ONE trade in my contest acct, lot size 37.7 ep=1.34224
margin==> 37.7 * 100,000 * 1.34224 / 200==> 25,301.224 or rounded to 25,301.22
on SF mt4, showed as 25,447.50
Member Since Apr 25, 2013
28 posts
Member Since Jul 18, 2013
1 posts
Aug 04, 2014 at 12:56
Member Since Jul 18, 2013
1 posts
why i can not login yet,,,,
My account number is this,,,1634793492
before contest i received an email that accounts are disabled untill contest starts,,,, and till now i am unable to login,,,,
before i was trying to login from MT4 from iphone,,, but today i downloaded the software from the link provided in email,, but still it says invalid account,,,, can you please sort it out....
My account number is this,,,1634793492
before contest i received an email that accounts are disabled untill contest starts,,,, and till now i am unable to login,,,,
before i was trying to login from MT4 from iphone,,, but today i downloaded the software from the link provided in email,, but still it says invalid account,,,, can you please sort it out....
Aug 04, 2014 at 12:58
Member Since Jun 12, 2014
2 posts
mrtodd posted:londontrader posted:
The tortoise wins the race.
Depends. It's only a 30 day race and the #1 trader seems to have a nice scalping system going on. Still plenty of time for traders to rise and traders to fall. Should be interesting.
Believe me or not but london trader has exactlly nailed it. Tortoise does win the race here because of his patience and discipline. Like you see a shift in the top spot for now. They will keep on fighting with there positions like this only. Big wins and big losses.
Member Since Sep 16, 2009
112 posts
Aug 04, 2014 at 13:05
Member Since Sep 16, 2009
112 posts
pkooner posted:mrtodd posted:londontrader posted:
The tortoise wins the race.
Depends. It's only a 30 day race and the #1 trader seems to have a nice scalping system going on. Still plenty of time for traders to rise and traders to fall. Should be interesting.
Believe me or not but london trader has exactlly nailed it. Tortoise does win the race here because of his patience and discipline. Like you see a shift in the top spot for now. They will keep on fighting with there positions like this only. Big wins and big losses.
scalp 0.01 lots see if you will win ...
can the pursuit of wealth be automated?
Member Since Sep 16, 2009
112 posts
Aug 04, 2014 at 13:38
Member Since Jan 12, 2014
102 posts
kebayamwamba posted:pkooner posted:mrtodd posted:londontrader posted:
The tortoise wins the race.
Depends. It's only a 30 day race and the #1 trader seems to have a nice scalping system going on. Still plenty of time for traders to rise and traders to fall. Should be interesting.
Believe me or not but london trader has exactlly nailed it. Tortoise does win the race here because of his patience and discipline. Like you see a shift in the top spot for now. They will keep on fighting with there positions like this only. Big wins and big losses.
scalp 0.01 lots see if you will win ...
So true, so true. Well I'm near 20% I might be a little too slow of a turtle though...haha
You've gotta be in it to win it.
Member Since Jan 24, 2012
53 posts
Aug 04, 2014 at 21:24
Member Since Jan 24, 2012
53 posts
How do you check the leverage on your account, ie 200:1, is it even possible in MT4 ?
I ask because I've been taken out of a number of trades trying to add positions whilst in a small drawdown, when the max Id be trading would be 6 lots in total over several trades, with say 25 pips against me at worst on the first trade...
But I see some traders going in at 100 to 400 lots...
Anyone offer an insight into how its calculated please
Thanks
I ask because I've been taken out of a number of trades trying to add positions whilst in a small drawdown, when the max Id be trading would be 6 lots in total over several trades, with say 25 pips against me at worst on the first trade...
But I see some traders going in at 100 to 400 lots...
Anyone offer an insight into how its calculated please
Thanks
Member Since Jan 24, 2012
53 posts

forex_trader_37185
Member Since May 20, 2011
13 posts
Aug 04, 2014 at 21:40
Member Since May 20, 2011
13 posts
ForexMentor posted:londontrader posted:
The tortoise wins the race.
Trading is a Horse race rather than a sprint, so agree.....
However the current leaders don't seem to be going with that Philosophy !
There going more "F1" style to the finish line
You're right. I'm going balls deep on the next trade.
Member Since Dec 26, 2013
2 posts
Aug 05, 2014 at 06:40
Member Since Jul 31, 2014
1 posts
Does anyone know why Pivots aren't working? Tried inserting pivots that came with mt4 and they don't work correctly.
Here is an example:
Click image

The pivot points don't move with time and according to the levels they are supposed to.
Or else anyone has some other pivots that I can use that are kind of similar? I'm only interested in daily pivots!
Here is an example:
Click image

The pivot points don't move with time and according to the levels they are supposed to.
Or else anyone has some other pivots that I can use that are kind of similar? I'm only interested in daily pivots!

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