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Upcoming Contest Q&A
Uczestnik z Jul 31, 2009
1449 postów
Aug 16, 2011 at 09:03
Uczestnik z Jul 31, 2009
1449 postów
Hi Everyone,
If you have any questions regarding the upcoming contest, feel free to post it here - Chris Reynolds, GO Market's Director of Operations will be answering your questions.
Chris, first few questions are:
- Is this open to USA residents?
- Is 100:1 leverage available to all?
- Are your live accounts available to US residents?
Thanks!
If you have any questions regarding the upcoming contest, feel free to post it here - Chris Reynolds, GO Market's Director of Operations will be answering your questions.
Chris, first few questions are:
- Is this open to USA residents?
- Is 100:1 leverage available to all?
- Are your live accounts available to US residents?
Thanks!
Uczestnik z May 14, 2010
10 postów
Aug 17, 2011 at 00:42
Uczestnik z May 14, 2010
10 postów
Hi everyone!
Yes this contest is open to everyone including US resident. However please consider that the prize of GO Markets funded live accounts may not be provided to those who are ineligible to open a new account with GO Markets. As US clients will not be approved to open an account for regulatory reasons, they will not be able to receive the live account prize. However, GO Markets will provide a cash prize of half the value of the live account prize won if a winner is not able to be approved for a new live account. I.e. for a 1st Place winner (prize: live account funded with $2,500) a cash prize of $1,250 will be provided.
The competition gives everyone a demo account with 100:1 leverage. GO Markets live account holders can get leverage up to 500:1.
Unfortunately we are not able to accept clients from the US. Since the rather annoying CFTC regulations came in last year our hands have been tied...
If you have any questions, please let me know!
Thanks,
Chris
Yes this contest is open to everyone including US resident. However please consider that the prize of GO Markets funded live accounts may not be provided to those who are ineligible to open a new account with GO Markets. As US clients will not be approved to open an account for regulatory reasons, they will not be able to receive the live account prize. However, GO Markets will provide a cash prize of half the value of the live account prize won if a winner is not able to be approved for a new live account. I.e. for a 1st Place winner (prize: live account funded with $2,500) a cash prize of $1,250 will be provided.
The competition gives everyone a demo account with 100:1 leverage. GO Markets live account holders can get leverage up to 500:1.
Unfortunately we are not able to accept clients from the US. Since the rather annoying CFTC regulations came in last year our hands have been tied...
If you have any questions, please let me know!
Thanks,
Chris
forex_trader_27988
Uczestnik z Jan 26, 2011
1367 postów
Aug 17, 2011 at 01:49
Uczestnik z Jan 26, 2011
1367 postów
wouldn't it be more fair if everybody in a contest played the same leverage and account balance?
Uczestnik z May 14, 2010
10 postów
forex_trader_27988
Uczestnik z Jan 26, 2011
1367 postów
Aug 17, 2011 at 02:07
Uczestnik z Jan 26, 2011
1367 postów
how about posting a link directly here in this thread that points to the contest rules/info/etc..
Uczestnik z May 14, 2010
10 postów
Aug 17, 2011 at 02:08
Uczestnik z May 14, 2010
10 postów
I thought that seeing as myfxbook had started this thread it was being pointed to from somewhere which would have had all the rules... obviously not!
Here you go: https://www.myfxbook.com/contests/trading-championship-september-2011/5/rules
Here you go: https://www.myfxbook.com/contests/trading-championship-september-2011/5/rules
forex_trader_27988
Uczestnik z Jan 26, 2011
1367 postów
Aug 17, 2011 at 02:13
Uczestnik z Jan 26, 2011
1367 postów
Uczestnik z May 14, 2010
10 postów
Aug 17, 2011 at 02:22
Uczestnik z Jul 23, 2010
70 postów
I have a question, what is the margin % required in this demo contest?
In other words, last contest the broker margin closed at <100% margin.
And I bet you wanted to say 'in the unlikely event someone from USA should win, they get half the prize money'
Now I know I may not be as smart as some of the Ukrainians on this forum, I still gotta try, ney?
and btw zero is a smarty pants. you can get rules by clicking the headline link 'contest'. 😝
In other words, last contest the broker margin closed at <100% margin.
And I bet you wanted to say 'in the unlikely event someone from USA should win, they get half the prize money'
Now I know I may not be as smart as some of the Ukrainians on this forum, I still gotta try, ney?
and btw zero is a smarty pants. you can get rules by clicking the headline link 'contest'. 😝
go with the flow; just be on the right end of the wave
forex_trader_27988
Uczestnik z Jan 26, 2011
1367 postów
Aug 17, 2011 at 02:29
Uczestnik z Jan 26, 2011
1367 postów
hello.
i dont do contests, cuz i am a dork, but just to clarify one issue regarding the prize issue...
the prize will be a funded account? for which funds can only be withdrawn after thirty days?
so, if the winner wanted to just leave the awarded account idle for thirty days and then just withdraw the funds, are there any restrictions that the contest players might want to be aware of?
thank you.
i dont do contests, cuz i am a dork, but just to clarify one issue regarding the prize issue...
the prize will be a funded account? for which funds can only be withdrawn after thirty days?
so, if the winner wanted to just leave the awarded account idle for thirty days and then just withdraw the funds, are there any restrictions that the contest players might want to be aware of?
thank you.
forex_trader_27988
Uczestnik z Jan 26, 2011
1367 postów
Aug 17, 2011 at 03:55
Uczestnik z Jan 26, 2011
1367 postów
horse1bun posted: and btw zero is a smarty pants.
you are now blocked.
zero/.
Uczestnik z May 14, 2010
10 postów
forex_trader_33781
Uczestnik z Apr 11, 2011
202 postów
Aug 17, 2011 at 20:10
(edytowane Aug 17, 2011 at 20:13)
Uczestnik z Apr 11, 2011
202 postów
reynoldscj posted:
Yes, of course... feel free to drop into the office and we will even wrap it for you.
BAHAHA! This totally made my day! 😁
Looking forward to the competition, though I'm in U.S. I still like to play for fun. I don't really see it as a contest though...more like a gambling opportunity. Realistically not very many people can throw in $50,000 for a real account and high leverage really has no logic other than deceiving people into thinking they can 'get rich quick' with less money.
I think all the FX contests here should be based on a scoring system. In other words, you get so many points for gain, so many points for drawdown, profit factor, etc etc. Alpari's contest was like that (starting balance $10,000 & 1:50 leverage), and I think it makes the game more strategic and realistic.
Of course this is probably a suggestion for MyFxBook and not you guys. But anyways.
forex_trader_27988
Uczestnik z Jan 26, 2011
1367 postów
forex_trader_27988
Uczestnik z Jan 26, 2011
1367 postów
Aug 17, 2011 at 21:39
(edytowane Aug 17, 2011 at 21:59)
Uczestnik z Jan 26, 2011
1367 postów
zzzero posted:
hello.
i dont do contests, cuz i am a dork, but just to clarify one issue regarding the prize issue...
the prize will be a funded account? for which funds can only be withdrawn after thirty days?
so, if the winner wanted to just leave the awarded account idle for thirty days and then just withdraw the funds, are there any restrictions that the contest players might want to be aware of?
thank you.
was this question answered?
i cant remember.
zero/.
Uczestnik z May 14, 2010
10 postów
Aug 18, 2011 at 05:04
Uczestnik z May 14, 2010
10 postów
zzzero posted:
zzzero posted:
hello.
i dont do contests, cuz i am a dork, but just to clarify one issue regarding the prize issue...
the prize will be a funded account? for which funds can only be withdrawn after thirty days?
so, if the winner wanted to just leave the awarded account idle for thirty days and then just withdraw the funds, are there any restrictions that the contest players might want to be aware of?
thank you.
was this question answered?
i cant remember.
zero/.
There are no other restrictions. If someone wants to leave their prize money in the account then that is up to them...
Aug 19, 2011 at 08:26
Uczestnik z Mar 22, 2010
52 postów
There are no other restrictions. If someone wants to leave their prize money in the account then that is up to them...
- super like
Sir Chris, is the contest restricted to currency trading or will there be precious metals and indexes like ITA 40? many thanks.
- super like
Sir Chris, is the contest restricted to currency trading or will there be precious metals and indexes like ITA 40? many thanks.
God is great all the time
forex_trader_27988
Uczestnik z Jan 26, 2011
1367 postów
Aug 22, 2011 at 07:50
(edytowane Aug 22, 2011 at 07:51)
Uczestnik z Jan 26, 2011
1367 postów
i have been giving some thought to this whole contest issue..
i looked thru a few of the previous winners and found one guy that won several thousand dollars by making a 2200% gain in a month on a demo account.
could he do 2200% in a month on a live account?
wouldnt that be something, to be able to turn 22 times your money in a month...
anyways, it is my opinion that a real contest might be more along the following terms:
no demo account trading.
everybody begins with a $250.00 live account that is set to the same leverage setting.
there is no second or third place winner.
the first place winner takes the prize, period.
maybe make the prize something along the lines of 10k or 15k or maybe even more..
a contest such as this would really attract a lot more attention and would serve as a better promotional tool for the broker that puts it all on.
zero/.
i looked thru a few of the previous winners and found one guy that won several thousand dollars by making a 2200% gain in a month on a demo account.
could he do 2200% in a month on a live account?
wouldnt that be something, to be able to turn 22 times your money in a month...
anyways, it is my opinion that a real contest might be more along the following terms:
no demo account trading.
everybody begins with a $250.00 live account that is set to the same leverage setting.
there is no second or third place winner.
the first place winner takes the prize, period.
maybe make the prize something along the lines of 10k or 15k or maybe even more..
a contest such as this would really attract a lot more attention and would serve as a better promotional tool for the broker that puts it all on.
zero/.
Sep 05, 2011 at 11:41
Uczestnik z Jan 14, 2011
4 postów
I ask to help. The problem is stated in dialogue with GO Markets. I write through the technical translator. Itself I speak Russian.
I direct you correspondence with GO Markets on my question. I of its strutters to your worker, and it have directed me in GO Market.
gonl4: Hello. How may I assist you?
you: Hello! Can answer in Russian?
gonl4: No I am sorry. irena is on holiday and I am not able to speak russian
you: I will ask a question by means of the technical translator
gonl4: ok go ahead pls
you: Here the message of opening of my account: Hello Ivan. You have registered successfully to the Myfxbook Trading Championship September 2011 contest. Your MetaTrader login details are: Login: 1642 Password: KS0doAp To Download GOMarkets's trading platform click here.
gonl4: ok and what is the problem?
you: 2011.09.05 10:30:02 OrderSend (GBPUSD, OP_SELL, 2.05,1.61157,4,1.64077,1.60827, iK_candle: 4404: GBPUSD_PERIOD_M30,4404,0,255) It is a command on position opening
gonl4: ok
you: And so, on this command the terminal reports about an error 130
gonl4: what kind of error is that?
you: Though it is visible that the nearest value of price TakeProfi is on distance of 330 points from price
you: (130) invalid stops
you: In the resulted example of a command exact terminal time is specified. You can check up: what command has come to you and why it isn't executed?
gonl4: pls send an e-mail to [email protected]
gonl4: with a printscreen and your details
you: STOPLEVEL, which is specified командой:MarketInfo (Symbol (), MODE_STOPLEVEL), it is equal 0. That is level STOPLEVEL in this case isn't broken. In what the reason of such error?
gonl4: one moment pls
gonl4: because our servers are logged of
gonl4: for 5 minutes, because we are updating our firewall.
you: 2011.09.05 10:45:05 AM: OrderSend (EURUSD, OP_BUY, 4.16,1.41460,4,1.39060,1.41700, iK_TF: 3102: EURUSD_PERIOD_M5,3102,0,32768) Here the next command on which the warrant hasn't opened. An error 130. TakeProfit 400 points.
gonl4: pls send an e-mail to [email protected]
gonl4: they will look into this
gonl4: and give you the answer you need
you: It is everything, what you can tell to me?
gonl4: yes
gonl4: I am sorry I can't help you
gonl4: but they can
gonl4: they are able to look into this
I direct you correspondence with GO Markets on my question. I of its strutters to your worker, and it have directed me in GO Market.
gonl4: Hello. How may I assist you?
you: Hello! Can answer in Russian?
gonl4: No I am sorry. irena is on holiday and I am not able to speak russian
you: I will ask a question by means of the technical translator
gonl4: ok go ahead pls
you: Here the message of opening of my account: Hello Ivan. You have registered successfully to the Myfxbook Trading Championship September 2011 contest. Your MetaTrader login details are: Login: 1642 Password: KS0doAp To Download GOMarkets's trading platform click here.
gonl4: ok and what is the problem?
you: 2011.09.05 10:30:02 OrderSend (GBPUSD, OP_SELL, 2.05,1.61157,4,1.64077,1.60827, iK_candle: 4404: GBPUSD_PERIOD_M30,4404,0,255) It is a command on position opening
gonl4: ok
you: And so, on this command the terminal reports about an error 130
gonl4: what kind of error is that?
you: Though it is visible that the nearest value of price TakeProfi is on distance of 330 points from price
you: (130) invalid stops
you: In the resulted example of a command exact terminal time is specified. You can check up: what command has come to you and why it isn't executed?
gonl4: pls send an e-mail to [email protected]
gonl4: with a printscreen and your details
you: STOPLEVEL, which is specified командой:MarketInfo (Symbol (), MODE_STOPLEVEL), it is equal 0. That is level STOPLEVEL in this case isn't broken. In what the reason of such error?
gonl4: one moment pls
gonl4: because our servers are logged of
gonl4: for 5 minutes, because we are updating our firewall.
you: 2011.09.05 10:45:05 AM: OrderSend (EURUSD, OP_BUY, 4.16,1.41460,4,1.39060,1.41700, iK_TF: 3102: EURUSD_PERIOD_M5,3102,0,32768) Here the next command on which the warrant hasn't opened. An error 130. TakeProfit 400 points.
gonl4: pls send an e-mail to [email protected]
gonl4: they will look into this
gonl4: and give you the answer you need
you: It is everything, what you can tell to me?
gonl4: yes
gonl4: I am sorry I can't help you
gonl4: but they can
gonl4: they are able to look into this
Uczestnik z Feb 17, 2011
1 postów
Sep 05, 2011 at 19:07
Uczestnik z Feb 17, 2011
1 postów
Hello, I need my MT4 Contest Password. Because the account in my Mt4 is not the same that shows the MyFxBook site.
Account Number 1125
Account name Contest - ferruggiaro
Broker GOMarkets
MyfxBook Account Number 149606
I need the investor Password.
[email protected]
Help me please.
Account Number 1125
Account name Contest - ferruggiaro
Broker GOMarkets
MyfxBook Account Number 149606
I need the investor Password.
[email protected]
Help me please.
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