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Challenge - Oanda contest

  • #21
  • Jan 22, 2007 9:21pm Jan 22, 2007 9:21pm
It's a worthwhile pursuit

Quoting Leugimp
Summit, i think the promo fee has already been accounted for. Sounds like a great way to introduce some clients to oanda, good angle. Don't take this as a criticism, I think it is smart. However, I do think there must be an entry fee and prize even though maybee it wouldn't be called that. You know, just to keep people honest. Its tough to play poker agaainst people when there is no money on the line, hardly makes it a game worth playing, not because of the money but because of its psychological effect on game play.
Howabout talking to someone at oanda to make the contest on a mini account where you enter in with a $100 and oanda throws in $25 for each contestant that signs up in a seperate account, winner keeps the account. if 2000 people sign up, some lucky chap will get a $50,000 account.
Trade what you see - Not what you think
  • #22
  • Jan 22, 2007 9:22pm Jan 22, 2007 9:22pm
Well im not going to make a stop lose than btw.it belong to you rite? btw the fxgame terminal cant open.i have try to login but just stay in process.thx
  • #23
  • Jan 24, 2007 8:04am Jan 24, 2007 8:04am
Let's see more people joining.
Try hard, think fast, die young
  • #24
  • Jan 24, 2007 8:12am Jan 24, 2007 8:12am
Im keen dof, I will check it out soon.
  • #25
  • Jan 24, 2007 2:40pm Jan 24, 2007 2:40pm
Quoting dof
Let's see more people joining.
I see there are 11 as of today, was hoping for maybe 30 plus joining.
  • #26
  • Jan 24, 2007 5:34pm Jan 24, 2007 5:34pm
Hi there. I am in. Good game everyone.

Cheers
AFF
FOREX = 21st century alchemy.
  • #27
  • Jan 25, 2007 10:31pm Jan 25, 2007 10:31pm
I relalize its gay to bump a dead post, but there are only a few days left to sign up for the contest.
  • #28
  • Jan 25, 2007 10:38pm Jan 25, 2007 10:38pm
Quoting Darkstar
I relalize its gay to bump a dead post, but there are only a few days left to sign up for the contest.
So many users and such few balls
Try hard, think fast, die young
  • #29
  • Jan 25, 2007 11:23pm Jan 25, 2007 11:23pm
Ok dof I subscribed to the contest, will drop you a PM real quick.
  • #30
  • Jan 25, 2007 11:24pm Jan 25, 2007 11:24pm
Ehh, why not.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #31
  • Jan 25, 2007 11:35pm Jan 25, 2007 11:35pm
Quoting dof
So many users and such few balls

Not really that, I just went into my game account for the first time in about 2 months. Trading simulated account kinda distracts from the main live account a bit... likely the reason why many are not joining. Come on all you demo guys! this is good for you!
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #32
  • Jan 25, 2007 11:52pm Jan 25, 2007 11:52pm
Quoting dof
So many users and such few balls
first of all its a demo account so there for real trading strategies won't be applied I think many of us have better things to do with our spare time (spending it w/ our family's) in stead of playing Nintendo FX.
  • #33
  • Jan 25, 2007 11:59pm Jan 25, 2007 11:59pm
Im curious why you think real trading strategies can't be applied to demo accounts turbokaos. I trade a live account and I will trade this demo contest in the exact same way. So please, speak for yourself.
  • #34
  • Edited 12:38am Jan 26, 2007 12:15am | Edited 12:38am
Quoting bodge
Im curious why you think real trading strategies can't be applied to demo accounts turbokaos. I trade a live account and I will trade this demo contest in the exact same way. So please, speak for yourself.
Sure real strategies can be used but let's factor in realality

1. Let say you trade on small time 5min time frames what are you going to do trade your live account or your game account?

2. Someone open up the platform hooks up the RSS and use max leverage available and triples the account since many demos don't factor in slipage

I'm willing to bet at the end of the game we will see many 200% to 500% returns that we all know aren't likey to see in real life

Not saying that's what your going to do but I'm sure it will happen

that was just my 2cents on why many people arn't jumping on the game
  • #35
  • Jan 26, 2007 12:39am Jan 26, 2007 12:39am
Ok I see your point, but I dont think the contest is "who makes the most money". A trader who only makes 5% with a smaller drawdown will win the comp. I could be wrong though.
And I definitely won't be trying an aggressive strategy, just a normal day at the office.
  • #36
  • Jan 26, 2007 12:50am Jan 26, 2007 12:50am
Me too, it will be just another day at the office I'll just parallel my live orders. The point for me is I wanna see how my game stacks up against others'. I don't care if I win ( though I want to!), I'm just curious to see if my game is at some kind of par or better.

I don't need real money action. What would be the point? I'm making the real money with these trades anyway.

AFF
FOREX = 21st century alchemy.
  • #37
  • Jan 26, 2007 12:54am Jan 26, 2007 12:54am
Quoting turbokaos

1. Let say you trade on small time 5min time frames what are you going to do trade your live account or your game account?
Exactly what I was thinking. I use 15min charts for my entries, you can bet that I wont be corrupting my monitors with my game account when I am pushing $s. It is a month long competition, I will throw in a couple 8hr chart setups 100% levg. and see what happens
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #38
  • Jan 26, 2007 12:55am Jan 26, 2007 12:55am
Quoting afemi94ce
Me too, it will be just another day at the office I'll just parallel my live orders. The point for me is I wanna see how my game stacks up against others'. I don't care if I win ( though I want to!), I'm just curious to see if my game is at some kind of par or better.

I don't need real money action. What would be the point? I'm making the real money with these trades anyway.

AFF
why not just start an online journal?
  • #39
  • Jan 26, 2007 12:58am Jan 26, 2007 12:58am
An online journal won't show how his strategy compares to others. Thats one of the reasons Im joining too. I will ignore the high ROI's.
  • #40
  • Jan 26, 2007 8:52am Jan 26, 2007 8:52am
I regard this contest of being an opportunity to learn from someone else. Right now, though the forum is really good, I have no way of knowing who has the nuts and who is bluffing. I don't have all the time in the world to test every trade style that's out there. If the contest shows up some really great results, maybe I'll have a chance to learn something from the winners. Maybe they won't want to share, but at least I will know who they are and be able to listen closer to their comments in the forum.

AFF
FOREX = 21st century alchemy.
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