Thread is closed for now.
But I am still going to participate in another 5K starting balance and year long competition on twitter.
Details here: https://twitter.com/trader_umr/status/1076984721840603136
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This thread is for traders who might want to participate in friendly competition to double a minimum of $,A$,C$,€,£1000 real account.
AIM
RULES
But I am still going to participate in another 5K starting balance and year long competition on twitter.
Details here: https://twitter.com/trader_umr/status/1076984721840603136
———————————————————————————————————————————————————
This thread is for traders who might want to participate in friendly competition to double a minimum of $,A$,C$,€,£1000 real account.
AIM
+100 percent growth and not more than -50% equity draw down on 1000+ real account.
RULES
- Minimum starting balance of 1000 units of a major currency (or equivalent) in a real account.
- The one who gains +100% in smallest numbers of days wins.
- Maximum drawdown limit of ~50%.
- Competition optionally ends 1 month after any participant finishes the 100% equity growth and comes first. This is to give other traders who might be close behind a chance to continue on and come 2nd, 3rd and so on.
- Trade Forex/Metals/Indices/Crypto. All methods/leverage/brokers/platforms allowed (which can be tracked by FF or Fxbook).
____________________________
ROUND#2
Start Date: 10 December, 2018
End Date: 28 december, 2018
Participants
- lolpie (https://www.forexfactory.com/lolpie)
- Starting Balance: USD941
- Trading Style: scalping the majors after the close of the NY session
- traderumr (@trader_umr (https://twitter.com/trader_umr))
____________________________- Starting Balance: AUD1000
- Trading Style: Short term trader. (Will be aiming to increase my holding period in this round and am in the middle on incorporating orderflow info in to my strategies so that will be new as well). Very short term trading will be limited to news and data releases only.
Results
- lolpie (https://www.forexfactory.com/lolpie) touched -60% hence ending the competition.
- traderumr touched -49% and ended with -43%.
ROUND#1
Start Date: 1 October, 2018
End Date: 24 October, 2018
Participants
- MoneyZilla (@money_zilla)
- Starting Balance: $2000
- Trading Style: Trading false breakouts of gold.
- traderumr (@trader_umr (https://twitter.com/trader_umr))
- Starting Balance: A$1000
- Trading Style: Intra-day short term trader.
Results
- Moneyzilla got disqualified due to going over -50% drawdown limit.
- traderumr didn't had any stellar result either. Only was able to gain +6% in roughly three weeks (till Moneyzilla disqualification) and +20% till at the end of the first month.
- Only winners were brokers
A few more comments here (https://www.forexfactory.com/showthread.php?p=11615954#post11615954).
@trader_umr