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germantrader
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Question for all demo contest lovers..........
in
General
Feb 27, 2013 at 12:16
@kasravi thank You for jumping in with ideas and Your opinion. very much appreciated.regarding the Daily contest You could be right, not sure yet. we need to test it out. there are many short term trader out there. anyway the best days to trade forex is tuesday,wedneday and thursday. so maybe we will give 3 daily in a week and leave out monday and friday.regarding the rules we are still working on that. but I agree with You that it makes sense to maybe give also prizes to most gained pips or win ratio, beside the highest percentage.I hope there will come more input from some contest lovers.che...
Question for all demo contest lovers..........
in
General
Feb 26, 2013 at 07:29
hi Dirkinteresting idea. ok lets try an example. I will start with a nice daily pricing and then do the maths as proposed.for Daily = all in all a $3k payout could look like this1st = $10002nd =$ 5003rd = $ 2504th = $ 1005th = $ 1006th -10th = $ 5011th-50th = $ 20for a weekly = all in all it would be a $15k payout 1st = $50002nd =$25003rd = $12504th = $ 5005th = $ 5006th -10th = $ 25011th-50th =$ 100for a monthly = all in all it would be a $60k payout1st = $20.0002nd =$10.0003rd = $ 50004th = $ 20005th = $ 20006th -10th = $100011th-50th = $ 400now if I see these tables it look to me...
Question for all demo contest lovers..........
in
General
Feb 26, 2013 at 07:29
Hello Dirkthanks again for the answer. each answer and input is helping me 😄I try to answer like Q&A so readers will understand Your questions.Dirk is asking: "You have no account here so why are those questions?"the reason is that we will come out soon with a new forex demo contest website and I am the CMO. so I thought it would be very interesting to know what contest participants think about the prizes.Dirk is asking: " in general I dont be a fan of contests because many traders are treating it like gambling by trading with many lots and going always ALL IN."...
Question for all demo contest lovers..........
in
General
Feb 25, 2013 at 07:28
hi Dirknette uebrraschung die antwort in deutsch zu bekommen. danke fuer deine antwort und meinung. da ich schon gerne haette das es hier zu einer diskussion kommt um noch ein paar meinungen zu hoeren schreibe ich in english weiter.thank You very much for Your opinion, very much appreciated. daily contests are planned 4-5 times a week. plus 4 weekly and 1 monthly.as You think that my pricing sample would be a good monthly pricing, how would you see the daily price table. could You give me an example please?everyone is invited to give his opinion. this would be very helpful to understand trader...
Contest - eddy15
in
Trading Systems
Feb 22, 2013 at 10:23
@eddy15 please answer. any help is very much appreciated.thanx
Question for all demo contest lovers..........
in
General
Feb 20, 2013 at 20:54
please help what is your opinion regarding the prizes given at a Daily (later we can discuss for a weekly or monthly) demo contest? what would be in your opinion a nice and attractive distributed prize list? lets say prizes for the first 50 winners?I will give You my idea of attractive pricing and please give me your opinion.1st = $20002nd = $10003rd = $ 5004th = $ 2505th = $ 1006th -10th = $ 5011th-50th = $ 20
Registration to the contest is temporarily closed. Please try again later.
in
General
Jan 30, 2013 at 11:22
I would be also interested in this answer. it is for a few days already that the count is 3481
Important suggestions for the next MyFxBook trading competition...
in
General
Oct 08, 2012 at 12:29
I found a posting of the current leader of the contest (from The UK) that he mentioned that this contest is not who will have the most pips earned at the end of the contest but the most profit.so how about a contest where the most pips earned will win the contest? does this make sense?
Contest - slowlybalm
in
Trading Systems
Oct 08, 2012 at 09:16
do You know of any contest where the amount of pips you are making counts and not the profit %age ?anyway well done till now, and this with 2 days a week during London trading hours.
Important suggestions for the next MyFxBook trading competition...
in
General
Sep 21, 2012 at 20:34
@TreeToxglad that I could contribute something here. but is there a simple way to explain this kind of method? I am sure I am not the only one who didnt understand this explanation.thanks in advance
Important suggestions for the next MyFxBook trading competition...
in
General
Sep 21, 2012 at 17:47
I found this posting on forexmagnates , does this make sense and will it take off the gamble effect that TreeTox mentioned?the contests should have an additional factor to normalize the gross rate of return. If you take cues from Varengold Bank’s fx contests, you can see that those who trade aggressively are just as much chance to win as those with conservative strategies because they add an additional factor (standard deviation of the daily account balance change) to create a ‘risk-adjusted ROI’. And it still allows traders to trade however they want. It’s one of the m...
Important suggestions for the next MyFxBook trading competition...
in
General
Sep 19, 2012 at 20:19
@TreeToxI like Your input. and I agree that there must be more rules beside the maximum lot size. I am not an expert yet, only learning and I like the Demo contest idea. but how about starting with some ideas for fair contest rules? maybe with each input from the experts we get nearer to the fair rules?
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