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Important suggestions for the next MyFxBook trading competition...
ใน
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Sep 21, 2012 at 18:34
germantrader - I think you may have provided a solution to the problem ! I had a look , and it really makes sense to implement something like this for the next competition - for those people who want to do maximum size, they can still carry on doing it; for those wanting to trade more conservatively, then they can do so - but everyone knows that at the end of the day, it is the risk-adjusted rate of return (RARR) that would be used to rank the eventual winners.There could be two columns - absolute equity return and risk-adjusted return - and both can be used to rank top performers to the worst...
Important suggestions for the next MyFxBook trading competition...
ใน
ทั่วไป
Sep 20, 2012 at 12:42
Is there no way that some kind of sensible constraints - at least rules or metrics that can be put into place where the trading competition is more reflective of skill rather than just silly pot-luck trades that seem to take place, skewing the tables? As far as I understand, MT4 is an extremely flexible system at both user and server ends... it definitely is worth looking into or thinking about further. Perhaps the MT4 guys themselves could advise?
Important suggestions for the next MyFxBook trading competition...
ใน
ทั่วไป
Sep 19, 2012 at 14:33
Don't worry - I'm over it - but that's the sad thing - there will be many many people who'll get over it and this will defeat the purpose of the competition as they will not come back to the site till the next competition as they've lost interest arising from the unrealistic trading that takes place. The purpose of demo accounts is to encourage people to hone their skills and approaches in as realistic a way as is possible (within the limitations of a demo system). Demo or not, when I was training at a trading firm, one could get sacked for not trading realistically/serious...
Important suggestions for the next MyFxBook trading competition...
ใน
ทั่วไป
Sep 19, 2012 at 12:19
That is true. Same with the spread betting companies who sometimes have "shady" practices. However, I still think that the brokers would get more exposure if out of the 3,000 registered people for the trading competition, say 1000 actually stayed on, fighting a tight daily battle with other traders, trading realistically, using their platforms every day, visiting the broker website every day, visiting MyFXBook every day and so on - actually feeling a realistic competition instead of a silly game which it is now. The way it is now, most people will blow their accounts out of frustrati...
Important suggestions for the next MyFxBook trading competition...
ใน
ทั่วไป
Sep 19, 2012 at 10:34
It's always great to have these trading competitions, as it encourages people to focus, to learn, and it also attracts users to this website en-mass and is a great promotional campaign for the sponsoring broker.However, I usually get put off rather quickly as the trading ground rules and limits are simply not clear enough (at least from what I've been able to see).The thing that irritates me the most is that you'll have these traders who will take a gamble, bet the maximum amount of lots they can on a few trades - and suddenly be up 1500% in a couple of hours/days - of course invar...
oanda contest leverage
ใน
ทั่วไป
Jun 20, 2012 at 06:42
Thanks for resolving this site admins ! As a suggestion, this info should be sent to everyone so everyone's on a level playing-field.
oanda contest leverage
ใน
ทั่วไป
Jun 19, 2012 at 15:43
I am not happy about this - the leverage should have been set the same for everyone - why should there be 2 different options ? I think I might as well give up as you'll have all these unrealistic accounts/traders with "runaway" figures like 5,000% gain over a month and other such nonsense.If this issue is not resolved in some way, then I will have to stop taking part in this competition.
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