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Challenge - Oanda contest

nansy,dof,silverrotary 1,2,3 after first week. hey good trading guys!!!
Quoting Don4
nansy,dof,silverrotary 1,2,3 after first week. hey good trading guys!!!
There are more things to look than just the portofolio return. Sharpe ratio, drawdown.
Darkstar and you have good numbers, really good. You have to have consisntacy, and loosing the account one day, making more next day and so on it's not going to last in forex.
You have 0 drawdown, that means all your trades were winners. Nice job!
Try hard, think fast, die young
I never new a demo could be this much fun. I am trying things I would never do with a real account. 21 more days left.......................
Bah, this demo account is more annoyance then anything resembling fun.

Let’s see; so far I have had 2 trade entries and 1 take profit fail to execute on the demo that did so on Currenex. I also had 1 stop loss execute on the demo that slipped by on Currenex. That’s 4 wins on live that the demo counts as losses.

I can’t believe how shitty trading on retail is. How on earth does anyone make money with it?
Quoting Darkstar
Bah, this demo account is more annoyance then anything resembling fun.

Let’s see; so far I have had 2 trade entries and 1 take profit fail to execute on the demo that did so on Currenex. I also had 1 stop loss execute on the demo that slipped by on Currenex. That’s 4 wins on live that the demo counts as losses.

I can’t believe how shitty trading on retail is. How on earth does anyone make money with it?
Be happy that it wasn't the other way arround. I guess the key is to know what to expect from the brokers and outsmart them, a little.
Try hard, think fast, die young
Quoting dof
Be happy that it wasn't the other way arround. I guess the key is to know what to expect from the brokers and outsmart them, a little.
Dof you are going good man. Holding down the number one spot.
Quoting Darkstar
Bah, this demo account is more annoyance then anything resembling fun.

Let’s see; so far I have had 2 trade entries and 1 take profit fail to execute on the demo that did so on Currenex. I also had 1 stop loss execute on the demo that slipped by on Currenex. That’s 4 wins on live that the demo counts as losses.

I can’t believe how shitty trading on retail is. How on earth does anyone make money with it?
O&A is a bit different in their pricing and interface than what you're probably used to. They shade as it suits them, and this shows up in the game account which could account for some of your apparent bad luck in missing fills by a pip or two, and same goes with stops being triggered. This is particularly true if you're using a pinpoint system, or trading off another feed (other than O&A's feed). It's all part of the game with them but overall if you adapt and learn to play the game by their rules it's a fair deal. But agree in principle that trading the demo while you are trading live is more trouble than it is worth, unless you can use it to explore the ins and outs of a strategy that you're not quite ready to implement live yet. I have found quite a bit of value in joining contests in the past with that purpose in mind. The added element of the competition tends to be sufficient to overcome the apathy of it being play money.
hey here is an idea why not charge a small fee say $5 that only active members can join,winner take all. just think if all active members participated
that would be around $60,000 . that would could give someone a good start on a live account. and for the full timers be a nice bonus for a months work.
so is this possible,maybe someone could talk to merlin and see(could even throw in a couple extra to give back to the factory) but its just a thought though!!!
Quoting FXEZ
O&A is a bit different in their pricing and interface than what you're probably used to. They shade as it suits them, and this shows up in the game account which could account for some of your apparent bad luck in missing fills by a pip or two, and same goes with stops being triggered. This is particularly true if you're using a pinpoint system, or trading off another feed (other than O&A's feed). It's all part of the game with them but overall if you adapt and learn to play the game by their rules it's a fair deal. But agree in principle that trading the demo while you are trading live is more trouble than it is worth, unless you can use it to explore the ins and outs of a strategy that you're not quite ready to implement live yet. I have found quite a bit of value in joining contests in the past with that purpose in mind. The added element of the competition tends to be sufficient to overcome the apathy of it being play money.

I'm not going to knock them for their product. It is great for the clientele that they service, offering many features and advantages that aren't available anywhere else. My problem is that the rules of my system don't fit the limitations trading on their platform imposes.

In most instances I am getting hit on the bid(offer) with Currenex while I have to wait for the 2-3X larger spread to move through the limit on Oanda. Combine that with 1 pip price shading on either side of the move and I need an extra 4-5 pips of movement out of every winning trade. That’s 20-25% more price movement then the system normally requires. The shading would help with the stops, but the increased spreads negate any advantage I gain there from.

I'm sure I could build a system to account for the differences, but that time would be much better spent in the lab working on real money trading systems. So the short of it is, without a competitive system my continued participation in the contest would be a waste of time and effort.

I wish you all the best of luck in the remainder of the contest and look forward to seeing who the winner turns out to be.

NOTE:/ I threw on some John Holmes USD trades just to see where they end up.
Quoting Don4
hey here is an idea why not charge a small fee say $5 that only active members can join,winner take all. just think if all active members participated
that would be around $60,000 . that would could give someone a good start on a live account. and for the full timers be a nice bonus for a months work.
Such a great idea. Someone pls organize this lol ...
Quoting Darkstar
I'm not going to knock them for their product. It is great for the clientele that they service, offering many features and advantages that aren't available anywhere else. My problem is that the rules of my system don't fit the limitations trading on their platform imposes.

In most instances I am getting hit on the bid(offer) with Currenex while I have to wait for the 2-3X larger spread to move through the limit on Oanda. Combine that with 1 pip price shading on either side of the move and I need an extra 4-5 pips of movement out of every winning trade. That’s 20-25% more price movement then the system normally requires. The shading would help with the stops, but the increased spreads negate any advantage I gain there from.

I'm sure I could build a system to account for the differences, but that time would be much better spent in the lab working on real money trading systems. So the short of it is, without a competitive system my continued participation in the contest would be a waste of time and effort.

I wish you all the best of luck in the remainder of the contest and look forward to seeing who the winner turns out to be.

NOTE:/ I threw on some John Holmes USD trades just to see where they end up.
It's a shame that you aren't going to participate any further Darkstar, you were one of the people I was aiming to beat!
Maybe next time.
the link is not working for me, where can i join?
[quote=Darkstar;210822]...
Hey DS,
I have to admit that I have not once checked 'The Challenge" stats, so I don't know how you are faring, But in actuality, I don't, really, care that much,... Why... I believe you to be a knowledgable trader that fills your day with knowledgable trades. The Challenge may result in energy diverted from your busiunes {Actually the main reason I decided not to participate was because I understood I may miss Challenge Entries while actually concentrating on placing Real Trades (OR, even worse, Vice Versa).

In closing I would say that I could give a Rat's A$$ if you come in last in this Challenge, I will still seek out your posts for the DS bent on things while believing there is a surface to your posts and yet 90% is concealed for those that are willing to do the research & solve required.

ps. Please... No slight intened to other contenders. Most of you could/should consider this post directed at you.
who is Warmagus????
I'm dropping out of the contest. I'm neglecting my real account and I can't trade two accounts at the same time because I need to be quick on the draw. Good luck to those still in the contest.
How you act is more important than how you feel.
We need to call the challenge "The World Series of Forex"
Quoting Warmagus
I'm dropping out of the contest. I'm neglecting my real account and I can't trade two accounts at the same time because I need to be quick on the draw. Good luck to those still in the contest.
You dont happen to use fast feeds from brokers like GFT and then scalp slower brokers for 1 or 2 pips do you? I never did try that, though with that many trades made I cant think of anything else you would be doing . As far as the distraction, it is true. The day the contest started I put about 12 GTC orders in, I have made just 2 trades live, 1 was a winner and 1 a loser.
The market is my nation. Traders, my family. Hello, brothers and sisters!
Quoting Darkstar
Bah, this demo account is more annoyance then anything resembling fun.

Let’s see; so far I have had 2 trade entries and 1 take profit fail to execute on the demo that did so on Currenex. I also had 1 stop loss execute on the demo that slipped by on Currenex. That’s 4 wins on live that the demo counts as losses.

I can’t believe how shitty trading on retail is. How on earth does anyone make money with it?
Do you have a whitelabel account to access currenex or do you actually have an institutional platform with them direct?
The market is my nation. Traders, my family. Hello, brothers and sisters!
I created a "game" account, then looked up the list of current competitions. For some reason there is no "join this contest" button next to the FF contest. Has it been closed?

edit:
Ok, I feel a little thick... It looks like membership was closed after 1/29..
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