Discussion of the Forex Contest Vantage FX Forex Contest
Miembro desde Nov 04, 2015
posts 1
Jun 19, 2016 at 14:51
Hi everyone. Wanted to know about the rule of only having one account. Does it counts that i have accounts at other brokers?
Miembro desde Jan 08, 2016
posts 281
Jun 19, 2016 at 16:03
Kent_Brown posted:
Hi everyone. Wanted to know about the rule of only having one account. Does it counts that i have accounts at other brokers?
Quoting the rules :
'Each contest participant is allowed only one contest demo account. More than one demo account is grounds for disqualification.'
What you have with other brokes does not matter. You could have 100 other accounts. But in this contest only ONE account !
😇
Complexity is expensive, inefficient, and ineffective > Crocodile trading
Jun 19, 2016 at 21:35
forzion posted:
Well, I am participating in a contest where the max leverage is 1:30 or 1:15 and even in this enviroment some participants were able to make 500% in 2 weeks. Only difference is that no one can win with pure luck in one day. To make consistent profits for a month even with 1:200 leverage is not an easy task. Every moment you can destroy your account with single trade if you overleverage. Every FX competition is a game, there is an oportunity to play it and have fun. If you want to make money out of trading go and open a live account and you can trade by your own rules. You can even get much more in one month than in this competition for 1st place. Just count the probabilities of winning a competition and calculate how many can you make consistently on your own from your own money monthly and you will see that if you want to be profitable you should develop a working strategy and trade real money. If you try to be profitable in contest you missed the point of them. Only few can win others may have fun and gain experience. Is it worth of time if you do not have fun? NO!
Well said 😄
Miembro desde Dec 29, 2015
posts 2
Jun 20, 2016 at 06:23
Hello everyone!
I wish a good competition to all!
I would like to take this opportunity to create friendship leaving the following question to you: 'What is your main way to negotiate'
If you want, let your answer here:
https://goo.gl/forms/qoemyDnZoj0bwYT72
Thank you all!
I wish a good competition to all!
I would like to take this opportunity to create friendship leaving the following question to you: 'What is your main way to negotiate'
If you want, let your answer here:
https://goo.gl/forms/qoemyDnZoj0bwYT72
Thank you all!
Miembro desde Apr 07, 2016
posts 1
Jun 21, 2016 at 06:32
tensaix2j posted:
Then my question is how do you detect different accounts don't belong to a single user? IP ?
Miembro desde Mar 12, 2015
posts 4
Jun 21, 2016 at 09:55
Depends on how much effort you want to put into it.
IP may be the first step, but if you check accounts and there are different IPs used to login into them, you still don't know if it's not the same user.
Next steps may involve some social media digging, comparing patterns in order history, whatever comes into the minds of people investigating the issue.
IP may be the first step, but if you check accounts and there are different IPs used to login into them, you still don't know if it's not the same user.
Next steps may involve some social media digging, comparing patterns in order history, whatever comes into the minds of people investigating the issue.
forex_trader_200772
Miembro desde Jul 23, 2014
posts 11
Jun 21, 2016 at 09:56
Yeah would love this if it was legit manual trading only. A simple Arbitrage EA will easily get a few thousand percent for the month...
I don't wan't to waste my time trading if someone will just use an EA that will have insane results for demo yet blow a real account..
I don't wan't to waste my time trading if someone will just use an EA that will have insane results for demo yet blow a real account..
forex_trader_200772
Miembro desde Jul 23, 2014
posts 11
Jun 21, 2016 at 09:56
Shown here I got over 30,000% on a demo In a few days.. https://www.myfxbook.com/members/aidan_91/mt4-95824/1504591
There is a massive diffrence between demo and live trading.. Can we have this moderated to reflect a legit strategy?
There is a massive diffrence between demo and live trading.. Can we have this moderated to reflect a legit strategy?
Jun 21, 2016 at 10:11
Lmshow posted:
What is the average rate of return of past winners based on experience? I am new to all these. I don't see myself winning but trying to give it a shot to see what contest looks like.
Winners normally gained return of at least 10,000%...
Miembro desde Mar 05, 2013
posts 8
Jun 21, 2016 at 10:12
scalping? 3 5 seconds in trade!!!😲😲😲😲
datemi una leva e sollevero' il mondo
Miembro desde Mar 12, 2015
posts 4
Jun 21, 2016 at 10:12
And how do you define 'legit strategy'?
Miembro desde Dec 15, 2015
posts 21
Jun 21, 2016 at 10:12
aidan_91 posted:
Yeah would love this if it was legit manual trading only. A simple Arbitrage EA will easily get a few thousand percent for the month...
I don't wan't to waste my time trading if someone will just use an EA that will have insane results for demo yet blow a real account..
This is exactly what I was getting at in my earlier posts, namely, that there is no level playing field here...
When they advertise these contests they do not say 'By the way, people will be allowed to use robots/EAs so forget
manual trading'... They should just advertise EA contests separately...
Some people on here responded by saying that there is no big difference between repetitive manual trading and an EA,
only an EA is a more efficient way of doing what is done manually, in some styles of trading...
I partly disagree with this type of mixing, because if anyone who does not do EAs (and there are a lot of people out there
who trade manually, so we are not a minority or freaks of nature) wants to enter a contest and is not alerted to the fact that
he or she is competing against machine-run trading, then this is not only uneven but fairly dishonest.
Also, as others said, this is not a good school for proper trading but a school for overleveraging, overtrading, and casino
gambling... That is another topic, but everyone can think for themselves about what to take out of a contest like this
(whether or not they win anything)...
But yes, I agree with aidan_91 saying that this should be manual trading only and it really is a waste of time competing
manually against an algorithm, for example... I would feel much more satisfied being beaten by a HUMAN competitor,
for at least I would know what I as a HUMAN could aspire to... When trading the Valutrades contest I would see people
(or rather, robots) racking up some crazy stuff, like 6,000% returns... This is not a fair contest, let us be honest.
forex_trader_328513
Miembro desde May 13, 2016
posts 2
Jun 21, 2016 at 13:48
Vantage FX contest will be allowed EA's ? I didn't read nothing about it in the rules 😐😐
Miembro desde Jan 08, 2016
posts 281
Jun 21, 2016 at 16:26
aidan_91 posted:
Yeah would love this if it was legit manual trading only. A simple Arbitrage EA will easily get a few thousand percent for the month...
As far as I can see all those doing arbitrage, essentially seconds of trade duration, are disqualified.
There were some EAs which were losing money. Those participants were not touched by Valutrades.
It does not matter.
You can make very risky trades manually and gain 6.000 %, some did.
Everyone has a chance 😈 😇
Complexity is expensive, inefficient, and ineffective > Crocodile trading
Miembro desde May 24, 2016
posts 1
Jun 22, 2016 at 06:20
Just know I have a 91% win rate so you all better bring it! I'm sure I'll get 100,000% return this will be fun!
Trading is not about the amount of pips, its about the amount of extra time with your loves ones
Jun 22, 2016 at 06:29
aidan_91 posted:I will bit aidan anytime..i got mind blowing EA that makes over 50000%
Shown here I got over 30,000% on a demo In a few days.. https://www.myfxbook.com/members/aidan_91/mt4-95824/1504591
There is a massive diffrence between demo and live trading.. Can we have this moderated to reflect a legit strategy?
forex_trader_200772
Miembro desde Jul 23, 2014
posts 11
Jun 22, 2016 at 06:30
grzegorzgolda posted:
And how do you define 'legit strategy'?
I guess one that works on both demo and live account.. Perhaps it is a little hard to moderate but I know of at least 3 techniques that will guarantee massive profits but don't work with live execution.. EA's are still fine as I would love to use mine.. but as a broker they should know what does and doesn't reflect real results..
Easiest way around would be a small fee to enter.. say $5 and we trade in cents to reflect the leverage. Refund anyone who ends in profit.
