Contest FXCM 15 November

https://www.cftc.gov/PressRoom/PressReleases/pr6119-11

I would like to see a contest where it is a little bit more balanced between the types of traders out there, it seems that this contest is basically who has the best scalping bot, why not run different contests for different trading strategies (non-automated, automated etc.) that way it would actually be fair.

crap broker anyway. kicked me 3 times out of profitable trades...

yeah, and any idea what their margin call conditions are? i was suffering drawdown and it kicked me out. the trade became profitable but too bad, because i got kicked out.

obitrader posted:
I would like to know how to operate gold do not appear in mt4, Greetings

Hi Maximilliano,

Gold is not available for trading in the contest. Only forex pairs.

Good luck in the contest!

Jason

hwlm posted:
yeah, and any idea what their margin call conditions are? i was suffering drawdown and it kicked me out. the trade became profitable but too bad, because i got kicked out.

Hello Max,

Conditions on the MT4 margin call along with examples and answers to other frequently asked questions can be found on our website here https://www.fxcm.com/products-services/metatrader-4/execution/

Jason

Incredible to see over 3200 traders have joined the contest...more than all the other contests held thus far.

I posted this information in the FXCM thread, but I also wanted to let everyone here know as well for purposes of the contest. The US Thanksgiving Holiday is on Thursday. There will be NO CHANGES to forex trading hours as a result of the holiday. Trading continues 24 hours a day throughout the week and will close at the regular time of approximately 4:55pm ET (21:55 GMT) on Friday. Just please be aware that lower liquidity during the holiday could impact spreads.

Additionally, rollover for today and tomorrow will be impacted as a result of the holiday. JPY pairs will experience 5x rollover today, and all other pairs will experience 4x rollover today. Tomorrow there will be no rollover for any of the pairs.

non-quota 3 hours, so give little desire to continue

obitrader posted:
non-quota 3 hours, so give little desire to continue

Hi Maximiliano,

If you're getting an 'off quotes' message, it's possible your Max Deviation setting is too low. Since FXCM uses 5-digit pricing (fractional pips), every 10 points for the Maximum Deviation is equivalent to one pip. If you adjust your Max Dev in the Order window, that should solve the problem. Try setting the max deviation to 20 or 30 as shown below.



Jason

obitrader posted:
non-quota 3 hours, so give little desire to continue

jasonrogers posted:

Hi Maximiliano,

If you're getting an 'off quotes' message, it's possible your Max Deviation setting is too low. Since FXCM uses 5-digit pricing (fractional pips), every 10 points for the Maximum Deviation is equivalent to one pip. If you adjust your Max Dev in the Order window, that should solve the problem. Try setting the max deviation to 20 or 30 as shown below.



Jason

Just wanted to add that you can change the default Max Deviation setting for all orders by going to Tools > Options and the Trade tab as shown below.