Discussion of the Forex Contest Fidelis Capital Markets Forex Contest

there are around 3670 people on the competition almost 4,000 iam in # 89 right now not even close lol.

bharathfx posted:
I would like to bring to organizer's notice that the contestant gabriele2274 (currently at #1) has broken the contest rules.

It clearly says: 'The Contest will not allow more than a total of 500 open positions at any given time'

Look at this trader's open positions exceeding more than 500 positions !!

Please see the screenshot as proof.

Hello everyone I read the post and now you have already commented on everything that you could say good luck to all

😇we have 3700 people in the contest @ Alpecere

AlPecere posted:
Hi everybody, anyone know how many people are doing this contest? thanks

3668

Friday brings high volatility to trading with UK's election results and US NFP nos. Trade safe everyone ))

holyltd posted:
Guys, luck is a definitive part in Forex contests. If we trade safe, the winner will be someone who risked almos everything and just by little he avoided a margin call...

Sad but true... someone should make other contest about not blowing up the account keeping slow, constant profit for months.

I Agree.

Is there some broker or something, with courage to make rules who are praticable in the market?

1000++ user is inactive among of the 3670 competitor....😁

Great, I am #130 right now , not so bad. Many thanks and good luck.

Hello. I would like to know please : if the DD is important or only the final profit is important to win the contest ?

I am in the fxbook competition profile on111 +290% day 5 using a system that is now available. There is only one way to trade

live trading by ea

gabriele2274 posted:

bharathfx posted:
I would like to bring to organizer's notice that the contestant gabriele2274 (currently at #1) has broken the contest rules.

It clearly says: 'The Contest will not allow more than a total of 500 open positions at any given time'

Look at this trader's open positions exceeding more than 500 positions !!

Please see the screenshot as proof.

Hello everyone I read the post and now you have already commented on everything that you could say good luck to all

Normally mt4 will not allow more than 500 open positions, you just can't open more, I can't see any screen shot

iBrokersFX posted:

holyltd posted:
Guys, luck is a definitive part in Forex contests. If we trade safe, the winner will be someone who risked almos everything and just by little he avoided a margin call...

Sad but true... someone should make other contest about not blowing up the account keeping slow, constant profit for months.

I Agree.

Is there some broker or something, with courage to make rules who are praticable in the market?

Yup, winner should be determined by pips growth, not equity growth, you can just made 100 pip and win the contest if you're using 10,000 lot ( total in a month or 500 lot per trade) for examples, others who made 5,000 pips will got nothing since they're using 0,01 - 2,00 lot (a more managed risk) per say

I was sitting in the top 5 for most of last week then decided to gamble. I would never trade my account like this and don't think contests like these are a good influence on new traders. However, its free, fun & brings out the competitiveness in people and as long as you can switch your mindset back to sensible mode on your real account, then I see no harm in these lotteries.

herdiyanto posted:

iBrokersFX posted:

holyltd posted:
Guys, luck is a definitive part in Forex contests. If we trade safe, the winner will be someone who risked almos everything and just by little he avoided a margin call...

Sad but true... someone should make other contest about not blowing up the account keeping slow, constant profit for months.

I Agree.

Is there some broker or something, with courage to make rules who are praticable in the market?

Yup, winner should be determined by pips growth, not equity growth, you can just made 100 pip and win the contest if you're using 10,000 lot ( total in a month or 500 lot per trade) for examples, others who made 5,000 pips will got nothing since they're using 0,01 - 2,00 lot (a more managed risk) per say

In forex making pips is not important, our final target is to earn money we should get profit at the end thats it, if any one trade with 0.01 lot with 10000 account they are using only 1000 usd funds only, so what is the use ?

ydpm posted:

herdiyanto posted:

iBrokersFX posted:

holyltd posted:
Guys, luck is a definitive part in Forex contests. If we trade safe, the winner will be someone who risked almos everything and just by little he avoided a margin call...

Sad but true... someone should make other contest about not blowing up the account keeping slow, constant profit for months.

I Agree.

Is there some broker or something, with courage to make rules who are praticable in the market?

Yup, winner should be determined by pips growth, not equity growth, you can just made 100 pip and win the contest if you're using 10,000 lot ( total in a month or 500 lot per trade) for examples, others who made 5,000 pips will got nothing since they're using 0,01 - 2,00 lot (a more managed risk) per say

In forex making pips is not important, our final target is to earn money we should get profit at the end thats it, if any one trade with 0.01 lot with 10000 account they are using only 1000 usd funds only, so what is the use ?

There should be a rule that you can't trade more than 0.01 for every $250 account balance, so every $1000 would trade a maximum of 0.04,for the competition. Normal trading should be about 0.01 for every $500 account balance to be safe

has anyone else notice that most of the top 10 traders in the competition have blown up every account in the past , how do we know if its luck this time around.. and i see people tracking them. lol i guess it hard to tell a real trader froma lucky one .

i am currently in 73 position of the competition . i hope to advance more this week .
happy trading to all ..

cfflo69 posted:
has anyone else notice that most of the top 10 traders in the competition have blown up every account in the past , how do we know if its luck this time around.. and i see people tracking them. lol i guess it hard to tell a real trader froma lucky one .

i am currently in 73 position of the competition . i hope to advance more this week .
happy trading to all ..

Wait and watch. If not all then at least 7 of them will blow this account too

Where is the link to this contest's rules?

i am out of this competition i have real accouts to manage , and this is casino contest . lol the best i did was 71st spot and iam proud of that . but iam officially done .. if anyone wants to free pips visit me on facebook.com/pendingentry .. i have been giving out pips for 6 months now no loosing weeks yet .

happy trading to all ..