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Ethan (Staff)
Mar 02 2015 at 08:37
1403 โพสต์
This topic is for discussing the Forex Contest FX Choice.
Don (240Z)
Mar 03 2015 at 00:51
50 โพสต์
here is hoping the rules of this FX Choice Contest will be set out more clearly from the start. good luck to all contestants. may all your trades be in the green.
“Everybody should have a dream. What if that dream comes true?” – Jack Ma
eakeeper
Mar 03 2015 at 07:33
5 โพสต์
Batak Medan (batak)
Mar 03 2015 at 07:33
132 โพสต์
LuisGarcia
Mar 03 2015 at 07:44
3 โพสต์
Enlighten something:
 Do you allow only manual operations?
 Banning all types of EAs?
SAID (YACOUTI)
Mar 03 2015 at 07:45
4 โพสต์
Skywalkers
Mar 03 2015 at 07:46
2 โพสต์
Hi, Can I use EA made by me? Use of experts advisor is allowed? I read that we cannot use commercial robot.
Jaume Torne (cashforexrobot)
Mar 03 2015 at 07:48
13 โพสต์
'The use of commercial robot is prohibited'
commercial means a robot that you can buy on the market?
or it means all kind of robots?
RahmanSL
Mar 03 2015 at 07:53
209 โพสต์
To prevent 'gambler Trader(s)' who open large lot size trades and luck-that-through-with-a-large-wining-position, I would suggest a limit size on lot trades (perhaps 10.0 lot size) and maximum 5 open trades at any one time.
With these two additional T&C in place, that will give new traders a chance in the competition.

I have checked out this broker and, though I am not too keen on a broker headquarter & regulated in Belize City, Belize, I will try out their trading platform in this competition and see what happens from there.

Also I have checked reviews on couple forums and see that a representative, Anthony K, from FXChoice is very active to resolving complaints from their clients....and that suggest to me that this broker is active in building up their reputation. Impressive! 😀
saturnino2003
Mar 03 2015 at 07:54
2 โพสต์
May I clarify the rule in the contest which says 'The use of commercial robot is prohibited.' Does this mean we can not use Expert Advisors of any kind or only those being sold in the market? Thanks and good luck to all.
SpartanFX
Mar 03 2015 at 07:54
5 โพสต์
yes... FXChoice takes US traders so US traders are allowed in contest. Trades any way you would like martingale and grids system are not good to trade in the long run good trading to all.
Trade the market you have, not the one you want.
FX KISS (tineg)
Mar 03 2015 at 07:55
45 โพสต์
Can someone help me explain...

On MT4, when I open an order and see 0,01, 1... Is 0,01 a micro lot? And 1 a mini lot? or is 1 a standard lot?
"Failure is simply the opportunity to begin again, this time more intelligently." ~Henry Ford~
ShahLegno (Shahlegno)
Mar 03 2015 at 07:55
31 โพสต์
I hope this contest will be much better experience for our trading, good luck all traders...moga berjaya.
camilesz
Mar 03 2015 at 07:57
1 โพสต์
toconar
Mar 03 2015 at 07:57
2 โพสต์
There is a rule: The use of commercial robot is prohibited.

Could somebody define what will be considered a 'commercial robot'?

Thanks
gao48
Mar 03 2015 at 08:25
47 โพสต์
tineg posted:
Can someone help me explain...

On MT4, when I open an order and see 0,01, 1... Is 0,01 a micro lot? And 1 a mini lot? or is 1 a standard lot?
yes
RahmanSL
Mar 03 2015 at 08:31
209 โพสต์
It depends on what type of trading account you registered for. If 'cents' account, then profits will be in cents for 0.01, 0.10, etc.
For mini and standard account, the dollar value for 0.01, 0.10 etc will be as the type of trades you make.
RahmanSL
Mar 03 2015 at 08:35
209 โพสต์
There are a number of brokers who have 'Trader's calculator/Currency Converter' ...I use Exness under 'Tools'....which helps to convert trades value, margin requirement, etc at whatever leverage & type of account you use.
jdwbryan
Mar 03 2015 at 09:52
21 โพสต์
That last contest thread set a new record for dumb questions easily answered by reading the rules...and definitely for the most whiners. Hopefully this will be better...though I see the questions have already started.

We do need to clarify the rule regarding 'commercial robots' though. As a couple others have asked, how would they differentiate between EA's that were purchased and ones that were coded by the trader themselves....or ones downloaded for free. Does this mean no EA's at all? (I don't use them so it makes no difference to me...but this IS a good question that needs an answer.)
jdwbryan
Mar 03 2015 at 09:53
21 โพสต์
RahmanSL posted:
To prevent 'gambler Trader(s)' who open large lot size trades and luck-that-through-with-a-large-wining-position, I would suggest a limit size on lot trades (perhaps 10.0 lot size) and maximum 5 open trades at any one time.
With these two additional T&C in place, that will give new traders a chance in the competition.

There are no such 'rules' in the real world so this is a dumb idea IMHO. If somebody wants to trade balls out they should be allowed to...if they make good trades and know what they are doing they win big...if not, they blow up their account real fast. I've said this before but I'll say it again: Soros didn't become rich and famous by risking 2% per trade. That's just the way it is with short 1 month contests like these. If you want a 'prop trading simulator' type of contest, go enter the Dukascopy one.
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