Discussion of the Forex Contest ADS Securities Forex Contest

Sahib77 posted:
Please check GBPHUF chart where the biggest gain was done by 1st place contestant; there should be error or mistake , could not be open price 1.08700 and close price 374.55300. There were not such moving in EURHUF for the same period.

Dear Sahib77,

In the event of a manifest pricing error, ADS Securities London reserves the right to cancel, amend, or correct, any affected trades. Unfortunately there was an incorrect price on 22 July 2016 for GBPHUF and consequently we have invalidated any affected transactions.

Thank you,
ADS Securities London

gibb01 posted:
False quotes should not be taken in consideration

Dear gibb01,

In the event of a manifest pricing error, ADS Securities London reserves the right to cancel, amend, or correct, any affected trades. Unfortunately there was an incorrect price on 22 July 2016 for GBPHUF and consequently we have invalidated any affected transactions.

Thank you,
ADS Securities London

Globetrader posted:
Tried to go long GBPHUF at 27.005/27.036 but order was refused😭

Dear Globetrader,

Due to a pricing error that occurred on the GBPHUF symbol, your trade attempt could not be completed.

We have since addressed the pricing error, and you should now be able to place trades successfully.

We apologise for the inconvenience caused.

ADS Securities London

SamuraiFXTrader posted:
Why I cannot login into my MT4 platform using my contest login number? This is my Login: 200005871

Can anyone on ADS Securities check my issues?

Thank you!

Dear SamuraiFXTrader,

We suggest that you try to log in using an alternative server address detailed below (‘File’ -> ‘Login to Trade Account’):

mt4demo.ads-securities.co.uk:452

Should you continue to experience login problems, please email [email protected] with your account number, name, phone number and details of your issue.

Kind regards,

ADS Securities London

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.

In this contest, I my goal is just to double my demo account :)

wish you could trade other commodities :(

where is wheat corn :D

imharoldaguila posted:
In this contest, I my goal is just to double my demo account :)

me too :) good luck

imharoldaguila posted:
In this contest, I my goal is just to double my demo account :)

Me too, it's like running a marathon, I'm not competing to other than myself. If I get to double an account in a month, I'm as good as I want to be as a trader. This will reflect in my live trading in the future.

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😲

@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%

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

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

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

@adssl I like your professional approach and fairness. Thanks.

@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.

Happy trading :)

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.