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Forex Contest ADS Securities

Oscarmda
Jul 27 2016 at 12:11
2 投稿
chricke posted:
this seem to happen more often on GBPHUF - according to https://www.myfxbook.com/members/vyducmtcn/contest-vyducmtcn/1710965 this also happened today at 9:47.


Its bern over 5hrs anf error trades not correctd on the above contest trades and he keep on trading with millios on his disposal. Making nrw gains. How will this be corected if all other gains a related to the huge error trade?? We need answers from ADS not some automated answer. Not impressed😲

JojoW
Jul 27 2016 at 14:02
94 投稿
@myfxbook

You have bug in profit calculation. Wrong open or close price and then it comes to nonsense profit.
You can see it the history of the constest user: vyducmtcn

tag
27.07.2016 04:11 27.07.2016 09:47 GBPHUF Buy 20.00 - 64862.40 9.52900 373.54300 36401.4 2556107.56 5h 36m 47.67%
tag
27.07.2016 04:11 27.07.2016 09:47 GBPHUF Buy 20.00 - 64862.40 9.52900 373.53700 36400.8 2556065.43 5h 36m 91.09%
tag
27.07.2016 04:10 27.07.2016 09:47 GBPHUF Buy 20.00 - 65247.70 9.52900 373.53700 36400.8 2556065.43 5h 37m 1022.38%


adssl
Jul 27 2016 at 15:18
78 投稿
Dear Traders,

Please be aware we have updated our Terms and Conditions applicable to this competition and draw your attention to new clauses 14 iv) and 14 v) relating to off-market trades. https://www.myfxbook.com/contests/forex-contest-ads-securities/37/rules

In the event that a trade is executed on a manifest pricing error (an obvious erroneous price which differs from the market price at such time) (“Off-Market Trade”), ADS Securities London reserves the right to cancel, amend, or correct, any such Off-Market Trades.

Whilst we are monitoring trading activity, we request that you please contact us immediately if you notice an Off-Market Trade on any account. If we are able to correct the issue before any additional trades have been placed, the competitor will most likely be able to continue participating in the competition.

In the event that any competitor trades on an account with funds obtained from an Off-Market Trade, the account will be disqualified. A new demo trading account for use in the competition, may be provided to the competitor, at the discretion of ADS Securities London.

Please note that in the Live Trading Environment, Section 30 of the Terms of Business governs the handling of Manifest Errors

Thank you,
ADS Securities London

adssl
Jul 27 2016 at 15:26
78 投稿
Oscarmda posted:
chricke posted:
this seem to happen more often on GBPHUF - according to https://www.myfxbook.com/members/vyducmtcn/contest-vyducmtcn/1710965 this also happened today at 9:47.


Its bern over 5hrs anf error trades not correctd on the above contest trades and he keep on trading with millios on his disposal. Making nrw gains. How will this be corected if all other gains a related to the huge error trade?? We need answers from ADS not some automated answer. Not impressed😲


Dear Oscarmda,

Given the situation, we took the time to analyse the issue at hand thoroughly. The Contest Rules were amended to reflect clearly our policy on off-market trades and you can see the procedure we use to handle this type of activity explained in detail in our previous post.

Thank you,
ADS Securities London

adssl
Jul 27 2016 at 15:49
78 投稿
chricke posted:
this seem to happen more often on GBPHUF - according to https://www.myfxbook.com/members/vyducmtcn/contest-vyducmtcn/1710965 this also happened today at 9:47.


Dear chricke,

Whilst manifest pricing errors are rare, we have taken the decision to set HUF and RUB crosses to close only for the remainder of this competition. The reason for us doing so, is that we want to ensure the competition is as fair as possible to all participants.

Thank you,
ADS Securities London

JojoW
Jul 28 2016 at 05:13
94 投稿
@adssl I like your professional approach and fairness. Thanks.

JojoW
Jul 28 2016 at 05:22
94 投稿
@adssl currently 1st user Contest - moldova75 might be cheating by using arbitrage EA. That means EA trades a fast broker against a slow broker. It's good visible on some trades taking only few seconds.

Adisakti
Jul 28 2016 at 05:24
10 投稿
Arrow (dorian459)
Jul 28 2016 at 06:47
1 投稿
JojoW posted:
@adssl currently 1st user Contest - moldova75 might be cheating by using arbitrage EA. That means EA trades a fast broker against a slow broker. It's good visible on some trades taking only few seconds.


ADS is not limited to trading systems. They allow scalping, arbitrage and news trading. I talked with support and they said that allowed any strategy.

adssl
Jul 28 2016 at 15:26
78 投稿
JojoW posted:
@adssl currently 1st user Contest - moldova75 might be cheating by using arbitrage EA. That means EA trades a fast broker against a slow broker. It's good visible on some trades taking only few seconds.


Dear JojoW,

We are, for the purposes of this competition, monitoring the accounts of all contestants and may determine breaches, abuse or tapering in accordance with clauses 14 i) and 14 ii) of the Terms and Conditions.

Please note however, that in our live trading environment, ADS Securities London reserves the right to revoke any Transactions that are placed on the System through Abusive Trading Strategies.

We appreciate your message and wish you the best of luck with your trading.

Thank you,
ADS Securities London

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