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Challenge - Oanda contest

  • #121
  • Mar 1, 2007 12:20am Mar 1, 2007 12:20am
Aicccia is the man.

I think this contest belonged to the MAs.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #122
  • Mar 1, 2007 12:30am Mar 1, 2007 12:30am
I'm working on the EA still that totally automates everything. It's soo complicated though. But it can handle everything and it does everything. If I get it performing to my standards it will do 300%-400% a month with 20% of account invested per trade, sub 20% drawdowns, going for sub 15%. I'll probably put some kind of limiter on it, like it won't trade if more than 50 or 100 grand is in the account. There are very serious issues with giving out something this powerful, if if I can get it to work right.
  • #123
  • Mar 1, 2007 12:31am Mar 1, 2007 12:31am
and why end the contest?
  • #124
  • Mar 1, 2007 12:42am Mar 1, 2007 12:42am
Quoting aicccia
I'm working on the EA still that totally automates everything. It's soo complicated though. But it can handle everything and it does everything. If I get it performing to my standards it will do 300%-400% a month with 20% of account invested per trade, sub 20% drawdowns, going for sub 15%. I'll probably put some kind of limiter on it, like it won't trade if more than 50 or 100 grand is in the account. There are very serious issues with giving out something this powerful, if if I can get it to work right.
If you can get it working I would seriously make a motion to present it at a hedge fund or something. You could become a tycoon.

PM when you make your first 100mil
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #125
  • Mar 1, 2007 12:43am Mar 1, 2007 12:43am
Quoting StockKJay
If you can get it working I would seriously make a motion to present it at a hedge fund or something. You could become a tycoon.

PM when you make your first 100mil
lol I have much larger plans than a hedge fund.
  • #126
  • Mar 1, 2007 12:45am Mar 1, 2007 12:45am
but seriously anything over 50% a month, maybe even just 25% quickly becomes impractical and just a dangerous toy, that in the wrong hands could wreck havoc on world markets, governments. (threaten to give everyone in a country a way to basically print however much money you want, everyone quits their job and the country falls apart in a week)...things like that. People are always talking about the "Holy Grail" but I don't think they ever realize the ramifications of such a powerful idea/thing besides being able to quit their day job. Money is what's made this world tick since the beginning of time. If money suddenly had no value, no matter what form it took,...imagine the implications.
  • #127
  • Mar 1, 2007 12:51am Mar 1, 2007 12:51am
Don't worry aicccia, I doubt your strategy will bring the world to its knees anytime soon.
Congrats on the win, if you can do that month after month, it would be impressive.
  • #128
  • Mar 1, 2007 1:01am Mar 1, 2007 1:01am
Quoting aicccia
but seriously anything over 50% a month, maybe even just 25% quickly becomes impractical and just a dangerous toy, that in the wrong hands could wreck havoc on world markets, governments. (threaten to give everyone in a country a way to basically print however much money you want, everyone quits their job and the country falls apart in a week)...things like that. People are always talking about the "Holy Grail" but I don't think they ever realize the ramifications of such a powerful idea/thing besides being able to quit their day job. Money is what's made this world tick since the beginning of time. If money suddenly had no value, no matter what form it took,...imagine the implications.
What you are speaking of is that you can only be a successful trader if you can successfully go and buy your car from someone (pesky salesman). Then drive to a gas station and put gas in your car (managed by lower class). Then go and buy food, that was stocked by someone who wasn't successful in trading (19 year old part time worker Community College student).

Sheesh, bigger plans than a hedge fund? I actually want to make money and fund my race for governor of Illinois. Then President. My brother told me since I am not in the *cough* inner loop I wouldn't be able to get there. Thus a managed account with maybe 5-10 mil in it would be good to. I just want to be able to stay home with my family I suppose and not have to leave people I love for 8-10 hours a day and work with people I dont like.

Stick around the FF, I will see you around.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #129
  • Mar 1, 2007 1:05am Mar 1, 2007 1:05am
Quoting StockKJay
What you are speaking of is that you can only be a successful trader if you can successfully go and buy your car from someone (pesky salesman). Then drive to a gas station and put gas in your car (managed by lower class). Then go and buy food, that was stocked by someone who wasn't successful in trading (19 year old part time worker Community College student).

Sheesh, bigger plans than a hedge fund? I actually want to make money and fund my race for governor of Illinois. Then President. My brother told me since I am not in the *cough* inner loop I wouldn't be able to get there. Thus a managed account with maybe 5-10 mil in it would be good to. I just want to be able to stay home with my family I suppose and not have to leave people I love for 8-10 hours a day and work with people I dont like.

Stick around the FF, I will see you around.
lol yeah that "inner loop" is a killer. Look at poor Al Gore, even he with all his background as VP couldn't get the presidency with the "inner loop" working against him.
  • #130
  • Mar 1, 2007 6:59am Mar 1, 2007 6:59am
Quoting aicccia
lol I have much larger plans than a hedge fund.
Good luck Aicccia and congratulations it was a fun contest.
  • #131
  • Last Post: Mar 26, 2007 11:32am Mar 26, 2007 11:32am
Here are the results of FF contest at OANDA. (Should have posted it earlier.)http://img444.imageshack.us/img444/815/imagels6.gif
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