Discussion of the Forex Contest GDMFX Forex Contest
Feb 26, 2017 at 22:32
Croco_Dile posted:jsoh85 posted:
Anyway it seems we are all wasting out time on what he does rather than improving ourselves. And he enjoys trolling every single rational person here. Probably really better to just mind our own trading haha.
Have fun!
We all do improve. Even by participation in a stupid Demo contest.... LOL
Also we all are having fun.
Isn't it real fun to se those up and downs ?!
😇
Indeed.
Feb 26, 2017 at 22:46
vocasla posted:
Just another question, one that might seem a bit 'unorthodox':
Is it within the rules to train a bunch of really trainable pigeons to trade on the contestant's behalf? There have been experiments where they can be trained to detect cancer cells visually with high accuracy and so hypothetically there's no reason why they can't also detect and classify market behavior and in effect make trading decisions (in exchange for food).
I suppose this would be considered as another form of automation or cheating (not that I would try this personally) even though they are not actual EA's they would behave like bioloigical EA's with neural nets... it would probably mean the contestant would be disqualified because they are not the ones doing the trades (so the pigeons should get the reward).
I'm baffled by how the current trading results so far have reached well over +1000% ROI. Either some people here are finding ways to apply the 'law of very large numbers' which is legally dubious (in the context of contest rules) or they are genuinely a rare few who could be classified as 'supertraders'.
Endlessly amused by people's minds. Life span of a pigeon 15 years. Human Development Index, life expectancy at birth 71.5 years.
Feb 27, 2017 at 07:51
Weinstein posted:I am glad to see those pigeons are following the rules and trading well, while you are busy commenting, Won't that be great when they learn to make comments for you?!?vocasla posted:
Just another question, one that might seem a bit 'unorthodox':
Is it within the rules to train a bunch of really trainable pigeons to trade on the contestant's behalf? There have been experiments where they can be trained to detect cancer cells visually with high accuracy and so hypothetically there's no reason why they can't also detect and classify market behavior and in effect make trading decisions (in exchange for food).
I suppose this would be considered as another form of automation or cheating (not that I would try this personally) even though they are not actual EA's they would behave like bioloigical EA's with neural nets... it would probably mean the contestant would be disqualified because they are not the ones doing the trades (so the pigeons should get the reward).
I'm baffled by how the current trading results so far have reached well over +1000% ROI. Either some people here are finding ways to apply the 'law of very large numbers' which is legally dubious (in the context of contest rules) or they are genuinely a rare few who could be classified as 'supertraders'.
Endlessly amused by people's minds. Life span of a pigeon 15 years. Human Development Index, life expectancy at birth 71.5 years.
You can always get back in!
Feb 27, 2017 at 08:23
Croco_Dile posted:Rigor posted:
my brain refuses to understand 4000% in three days.
That's the reality of a Demo contest ! 😂 😇 😀 😲
It will never change.....
Look at the 2 Live contests from last year. It was totally different.
Even though the last one ended in a very suspicious way because 2 Supermen came in 4 days befor the end and just exploded their accounts. Some commenters suggested that was staged by the broker and the traders were not real..... for not to pay the prices to real traders..... Who knows !
Enjoy the CRAZYNESS of a Demo contest !
LOL
Made 3000% profit in just 1 month, won USD 1500.... and as i write this my money only left USD 50.02 on live account (other broker, not the one who conducted the contest). Dang !
Enjoy the CRAZYNESS of a demo contest, before you try the BITTERNESS of a Live account ! LOL
Uczestnik z May 08, 2010
214 postów
Feb 27, 2017 at 09:53
Look at the 2 Live contests from last year. It was totally different.
Even though the last one ended in a very suspicious way because 2 Supermen came in 4 days befor the end and just exploded their accounts. Some commenters suggested that was staged by the broker and the traders were not real..... for not to pay the prices to real traders..... Who knows !
Enjoy the CRAZYNESS of a Demo contest !
Made 3000% profit in just 1 month, won USD 1500.... and as i write this my money only left USD 50.02 on live account (other broker, not the one who conducted the contest). Dang !
Enjoy the CRAZYNESS of a demo contest, before you try the BITTERNESS of a Live account ! LOL
@CahBawen ...yes, you hit the issue right on the head! Most Demo contest by unregulated Brokers are staged and looking at this Broker doesn't give me a hell lot of confidence:
Year since: 2012
Headquarters: Auckland, New Zealand
Company registration: Global Derivative Capital Markets Ltd., (reg. #945518) British Anguilla
Regulation: not regulated.
De-registered from FSPR NZ (FSP238465) on July 8, 2016
But participation in this type of contest do offer us the chance to see our performance as a Forex Trader 😁
Even though the last one ended in a very suspicious way because 2 Supermen came in 4 days befor the end and just exploded their accounts. Some commenters suggested that was staged by the broker and the traders were not real..... for not to pay the prices to real traders..... Who knows !
Enjoy the CRAZYNESS of a Demo contest !
Made 3000% profit in just 1 month, won USD 1500.... and as i write this my money only left USD 50.02 on live account (other broker, not the one who conducted the contest). Dang !
Enjoy the CRAZYNESS of a demo contest, before you try the BITTERNESS of a Live account ! LOL
@CahBawen ...yes, you hit the issue right on the head! Most Demo contest by unregulated Brokers are staged and looking at this Broker doesn't give me a hell lot of confidence:
Year since: 2012
Headquarters: Auckland, New Zealand
Company registration: Global Derivative Capital Markets Ltd., (reg. #945518) British Anguilla
Regulation: not regulated.
De-registered from FSPR NZ (FSP238465) on July 8, 2016
But participation in this type of contest do offer us the chance to see our performance as a Forex Trader 😁
Uczestnik z Aug 30, 2015
4 postów
Feb 27, 2017 at 15:00
CahBawen posted:hehe Congrats for the win!!! Was that the 1st place?Croco_Dile posted:Rigor posted:
my brain refuses to understand 4000% in three days.
That's the reality of a Demo contest ! 😂 😇 😀 😲
It will never change.....
Look at the 2 Live contests from last year. It was totally different.
Even though the last one ended in a very suspicious way because 2 Supermen came in 4 days befor the end and just exploded their accounts. Some commenters suggested that was staged by the broker and the traders were not real..... for not to pay the prices to real traders..... Who knows !
Enjoy the CRAZYNESS of a Demo contest !
LOL
Made 3000% profit in just 1 month, won USD 1500.... and as i write this my money only left USD 50.02 on live account (other broker, not the one who conducted the contest). Dang !
Enjoy the CRAZYNESS of a demo contest, before you try the BITTERNESS of a Live account ! LOL
For your 50$ on a live account remaining there is still hope man, go for 3000% man! lol That would equal exactly 1500 USD.
But more seriously, this is another learning experience where an experienced trader knows that you should never have all your money in 1 account for 1 specific strategy. You should always have your money in 3 accounts or more and have different strategies for each account which you have lengthyly tought out before executing. That way you don't get into the Live account emotions of greed or fear of losing.
Uczestnik z Jan 08, 2016
281 postów
Feb 27, 2017 at 15:01
CahBawen posted:
Made 3000% profit in just 1 month, won USD 1500.... and as i write this my money only left USD 50.02 on live account (other broker, not the one who conducted the contest). Dang !
Enjoy the CRAZYNESS of a demo contest, before you try the BITTERNESS of a Live account ! LOL
Then you are a good trader who forgot to use a Stop Loss.
Use a Stop Loss ALWAYS, and you will be a millionair fast !!!
Good luck and good skill in your trading !
😎
Complexity is expensive, inefficient, and ineffective > Crocodile trading
Feb 28, 2017 at 07:27
Weinstein posted:vocasla posted:
Just another question, one that might seem a bit 'unorthodox':
Is it within the rules to train a bunch of really trainable pigeons to trade on the contestant's behalf? There have been experiments where they can be trained to detect cancer cells visually with high accuracy and so hypothetically there's no reason why they can't also detect and classify market behavior and in effect make trading decisions (in exchange for food).
I suppose this would be considered as another form of automation or cheating (not that I would try this personally) even though they are not actual EA's they would behave like bioloigical EA's with neural nets... it would probably mean the contestant would be disqualified because they are not the ones doing the trades (so the pigeons should get the reward).
I'm baffled by how the current trading results so far have reached well over +1000% ROI. Either some people here are finding ways to apply the 'law of very large numbers' which is legally dubious (in the context of contest rules) or they are genuinely a rare few who could be classified as 'supertraders'.
Endlessly amused by people's minds. Life span of a pigeon 15 years. Human Development Index, life expectancy at birth 71.5 years.
Perhaps you need to study neuroscience. Or the scientific method.
In scientific terms, if the idea is falsifiable, and a method for replicating an experiment is possible, and the results of that experiment can be reproduced, and that there is high quality evidence in support of said method, it does not matter if a pigeon dies: the same training procedure can be replicated for dozens, hundreds of pigeons, over and over. The method may last beyond a human lifespan until evidence suggests otherwise.
- TimeWarp to 2030 AD -
Uczestnik z Oct 28, 2015
52 postów
Feb 28, 2017 at 08:07
what what???? where has the top guy gone??? with over 2000% in profit?😲
Prayer is the True Power that controls the World.
Uczestnik z Jan 08, 2016
281 postów
Feb 28, 2017 at 12:09
SarFX posted: Orangotang posted:
what what???? where has the top guy gone??? with over 2000% in profit?😲
mybe he reduce his profit for a while.
He can come back and easily be the winner.
If he wants it..... 😎
I'm sure he can do it again !
There are still almost 3 weeks left in this contest.
Complexity is expensive, inefficient, and ineffective > Crocodile trading
Feb 28, 2017 at 12:10
minimenik posted:
hello,how to trade maximum lots, i have 8 lots max to choice
Dear Sir/Madam,
Please note that the possible trade size that you can open depends on your current balance. For every trade there is a margin required in order to maintain the position. The margin on Forex is calculated by the following formula:
Margin = (lots * contract size)/ leverage [comes out in Margin Currency]
