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Discussion of the Forex Contest Squared Financial 2014 Forex Contest

forex_trader_37185
Member Since May 20, 2011
13 posts
Member Since Feb 24, 2014
3 posts
Member Since Feb 24, 2014
3 posts
Member Since May 16, 2014
7 posts
Aug 08, 2014 at 19:10
Member Since May 16, 2014
7 posts
Scalping is the only way to win this contest - going for mostly 1 - 2 pips. This type of trading can only work thru ECN brokers that have tight spreads. Most of us don't have 100k dollars to open an ECN account. So, it's out of question. However, it is a good opportunity for us living in the USA to test our strategies, made for the regular bucket shops, against the ECN broker like this. My EA definitely performs better with this ECN broker.
Don't tell me it's not possible.
Aug 08, 2014 at 19:12
Member Since Jan 26, 2012
23 posts
Ja... that's insane.... have you noticed that he is not in a trade for more than 1'sec... that's what you call scalping.... and hey I don't mind... but it takes everything out of a competition that should run for a week.... the organizers should have a trading time limit of say 10 seconds minimum... or something like that... I don't know... I'm not even going to bother.... Thanx but NO thanx MyFXbook and Sqr'ed....
miketantoon@
Member Since Jan 24, 2012
53 posts
Aug 08, 2014 at 22:45
(edited Aug 08, 2014 at 22:46)
Member Since Jan 24, 2012
53 posts
cstung89 posted:
5000%????!!! This is crazy.. abnormal... fake money only won so much.. not according to portfolio management
Personally I only have total respect for these guys producing such incredible gains, anyone in this competition that doesn't applaud the achievement being made here is jealous and dumb founded as to how its being done.
Is it manual trading? is it a robot?...who cares?
Would it be achieved if not in a demo account...maybe? maybe not?
Accept what's happening and that someone at trading is better than you and find out why!
Aug 09, 2014 at 07:57
Member Since Jan 26, 2012
23 posts
Nothing.... it's actually quite interesting... but it F#@K's up the competition for those of us who WOULD actually like like to keep interested in a TRADING competition over a MONTH....
I'm not against it... but I think it should be regulated a bit... Put a scalping time frame of a min trade time of 10sec's per trade and let's see how that EA performs....
I'd put money on it that at 1000lots per trade... that account would be toast... sooner or later...
It's still interesting...
Go for it Serge....
I'm not against it... but I think it should be regulated a bit... Put a scalping time frame of a min trade time of 10sec's per trade and let's see how that EA performs....
I'd put money on it that at 1000lots per trade... that account would be toast... sooner or later...
It's still interesting...
Go for it Serge....
miketantoon@
Aug 09, 2014 at 07:57
Member Since Jan 26, 2012
23 posts
I really don't want to knock Sergyus at all.... in fact he's taught me a thing or two by taking a different look at my own EA's... but, as a matter of interest... if you look at his live accounts.... (none of which have been updated with MyFXbook since Dec 2013)... their daily performance is only 0.14% and 0.42% (or something like that) per day... that's good... but not nearly as good as his performance over the last few days...
For those of you who are new to Forex... don't get excited....
Still... go Sergy....!!!
For those of you who are new to Forex... don't get excited....
Still... go Sergy....!!!
miketantoon@
Aug 09, 2014 at 07:58
Member Since Jan 26, 2012
23 posts
NOTE: To MyFXbook and potential Sponsors.....!!!!
You have now alienated 3500 potential clients from coming back to your site daily within a week.... No offense to the leader board... but who is interested in catching a 5000% leader....
I'm not... got better things to do....
But hey... Go Sergy... I'm on your side man... get that $10 000 acc. Will be interesting to see your game plan because it's early days for guys like you... one slip and yr dead...
Pity it's your computer trading and not you.... I think I would kick your arse...but...
Good luck man...
You have now alienated 3500 potential clients from coming back to your site daily within a week.... No offense to the leader board... but who is interested in catching a 5000% leader....
I'm not... got better things to do....
But hey... Go Sergy... I'm on your side man... get that $10 000 acc. Will be interesting to see your game plan because it's early days for guys like you... one slip and yr dead...
Pity it's your computer trading and not you.... I think I would kick your arse...but...
Good luck man...
miketantoon@

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