i'm in..i will start with 9$ hehehehehe
Too easy to become a good trader in your eyes ...
Short eurnzd now @ 1.86 with 0.01 lot
let it run all the year
goes against you? short again in 1000 pips or 2000 ...
1000 pips @ 0.01 is 60 eur
if short goes well, close the trade in 1000 pips or maybe later.
find a few (<10) similar cases during the year
impressive positive swap
it already moved 2000 pips during this year
Capital: 1k, 5k, ...
To gain time, I think you could put me in your good traders list that passed this competition OR might take the long way and add a TE trading as described.
Point 5 cause issues?
just put a min trades / month and will open buy/sell on a low spread pair.
will crucial point be participating?
excellent idea. I am for it.
I hope FF will support this initiative and perhaps sponsor some prizes....
Anyway, MZ, please finalise a complete set of rules for this contest before Jan 02. Update the contest rules in your Post#1.
I think profitfarmer made a suggestion on DD to be 10~20% is good.
Also I would suggest to add one rule, i.e. members cannot top up their accounts during the 12 months contest period from Jan to Dec 2018. If any account get margin call, it will be game over.
I'm in. I'll use TE Algo Diamonds-live and Algo Dream-live available on my commerical thread.
Hopefully, this thread won't descend into a place to have written wars and abuse. Hopefully some rules of behavioural conduct will be added to the opening page.
Would I be correct in saying all account TEs must be either started or custom started on Jan 2nd.?
Remember how recent competitions ended. Besides, these tend to lead to risky trading and developing wrong trading habits, imho.
Trade safe and prosper.
I like the main goal and its REALLY simple:
1.- Survive 2018
2.- Grow the account
3.- Dont "refill" it
4.- Margin call/busted account = game over
5.- A bare minimun amount of trades per month a must have (like 5 trades i think its fine)
Dont overcomplicate it
Thats it; dont put max DD and crap like that because it can hurt some traders/systems/whatever.. just general CLEAR rules that anyone can follow and we meet us in the end !! lets see what happens =)
Remember the Goal : SURVIVE A WHOLE YEAR !!
Funny part its i think not many realize the REAL purpouse of MoneyZilla behind this thread; its to get better and dont give a fk about anything else =)
i think that is straightforward enough?
A cent account? Seriously? WTF does that prove?
May I ask you guys to agree on the minimum trades per month to stay in?
I am an EA trader and my opinion is very subjective, so you have to come up with a consensus/decision.
Any help regarding that will be highly appreciated.
BTW the low account balance will put quickly the respectful owners out of the game, if their account cant handle it... So it is a sole decision and they have to be careful how they trade their accounts...
I go after cent, because there is plenty of room for mistakes. And they are not costly. The extra fuel helps me to make it right next time...
Seriously, the whole title of this thread is "put your money where your mouth is", then the conditions are you can use a cent account. Pretty bloody pointless IMHO
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