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DEMOlympics for 2014

  • #1
  • First Post: Edited Apr 27, 2014 1:48am Feb 10, 2014 5:47am | Edited Apr 27, 2014 1:48am
Good day to you,

We will be starting a thread for 20 participants to conduct trading for the remainder of the year. All on trade explorer - all on demo account. I need assistance to set the basic rules for the participants. It will be a thread where certain strategies can be followed and may give insight into how people make trading decisions and conduct entries/exits. I do not know if this will fly - but I hope to learn from this experience. Maybe someone else can too..

It is the aim to also put forward a little reward.

Before we officially get this going - I would need some feedback as to the rules. It has to be fair and it has to involve people as much as possible. I therefor propose X amounts of trades per month per account. The account has to be traded on a regular basis. Please do - when you find the time, post some suggestions on the set of rules for the exercise..

Once the rules are set through input - we can link the 20 participants.. Let us keep the rules simple, but inclusive and fair.

Feedback appreciated!

Regards

We have the following set of rules as suggested:

1) You may use any demo account. As long as it is valid till 17 December 2014 - without interruption.
2) You may use any starting balance.
3) You may use any leverage.
4) Best % growth does it. Growth on Revenue. Not pips.
5) One trade per month minimum.

Pocket Money for the winners:

We need to give something back. I know I have suggested a set of prizes - but i'm willing to offer the US$ 200.00 first prize as well as the US$ 150.00 second prize. Could we get a sponsor for a US$ 100.00 3rd, a US$ 50 4th and a US$25 fifth?

Prize money will only be valid for accounts ending on a POSITIVE balance at the end of the year.

LIST OF PARTICIPANTS:

Click on the name/link below to see the trade explorers of members taking part.The list is in no particular order. Links will be added for the duration of the "registration" period ( 10 - 13 February 2014) and then no more.

Hollowhead

Tomspin Withdrawn

Kuroro001 Withdrawn

Kanikuly

Capelli Withdrawn

Bodypip Withdrawn

Makavell

Fuse

Tautrader

JimmyC

MaptheMarket Withdrawn

LittleCraig

KarelK

Quidsey Withdrawn

Belgeran Withdrawn

AllianceFanx

Krumpy Withdrawn

TheFuture420

Ysab

Kaplan

Once you have sent a PM to withdraw for any reason - you cannot be re introduced. This is only fair.
  • #2
  • Feb 10, 2014 6:03am Feb 10, 2014 6:03am
Not sure about rules other than starting capital must be the same for everyone and same trading currency (USD would be obvious) and TE must be visible at all times, lots, targets, SLs should be visible (nothing locked as they are demo)

I am not fussed about the number of trades being limited. I would be interested to see the comparison of the medium term swing traders vs intraday vs scalpers. If someone has a highly profitable system, but signals are rare I wouldn't want them to feel pressured into taking trades.
  • #3
  • Feb 10, 2014 6:10am Feb 10, 2014 6:10am
Great idea, but why just 20 traders?
  • #4
  • Feb 10, 2014 6:12am Feb 10, 2014 6:12am
Quoting hollowhead
Not sure about rules other than starting capital must be the same for everyone and same trading currency (USD would be obvious) and TE must be visible at all times, lots, targets, SLs should be visible (nothing locked as they are demo) I am not fussed about the number of trades being limited. I would be interested to see the comparison of the medium term swing traders vs intraday vs scalpers. If someone has a highly profitable system, but signals are rare I wouldn't want them to feel pressured into taking trades.
Thank you sir!

I have taken your suggestions and added the first few rules
  • #5
  • Feb 10, 2014 6:15am Feb 10, 2014 6:15am
Quoting stormtrader
Great idea, but why just 20 traders?
Sir,

Do not think we will see more than 20 participating. This will be a 10 month exercise.. let us see where we go -

Regards
  • #6
  • Feb 10, 2014 6:22am Feb 10, 2014 6:22am
Quoting TauTrader
{quote} Sir, Do not think we will see more than 20 participating. This will be a 10 month exercise.. let us see where we go - Regards
Neat idea TT...

Issue being...aren't most demo accounts limited to a 90 day trial period?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #7
  • Feb 10, 2014 6:26am Feb 10, 2014 6:26am
Quoting Magix
{quote} Neat idea TT... Issue being...aren't most demo accounts limited to a 90 day trial period?
Sir, M

Very valid point..

There however are limitless(time) Demo accounts available through a few brokers. I guess this will limit the brokers used.. good point.

Participants then limited to those brokers. Google and pick.

Thank you for your input

Appreciated
  • #8
  • Feb 10, 2014 6:28am Feb 10, 2014 6:28am
Hey T
Count me in as a swing head, Will do it off monthly pivots which will mean more less one solid trade per month per pair.
As I rule I would not like to be challenged on principals of my(or others) system, but I would be more than happy to see constructive criticism about risk involved, timing etc.
Also demo could be view by many as a no no but that is hard reality of fx world.
Will post when I see a chance, like the experiment.
Best of luck with a thread
Regards
Tom
swing it!
  • #9
  • Feb 10, 2014 6:29am Feb 10, 2014 6:29am
Quoting TauTrader
{quote} Sir, M Very valid point.. There however are limitless(time) Demo accounts available through a few brokers. I guess this will limit the brokers used.. good point. Participants then limited to those brokers. Google and pick. Thank you for your input Appreciated
I wonder if there is 1 broker available worldwide with limitless accounts that everyone can use? Everyone then experiences the same spikes/anomalies and there is no broker blame? EDIT: Having said that some strategies might involve hedging...
  • #10
  • Feb 10, 2014 6:38am Feb 10, 2014 6:38am
good day,

feedback recieved indicated Admiral Markets as well as HotForex to have limitless Demo facility. I do not want to push one of these - but we will have to pick one, as hollowhead suggested.

All trading off the same broker seems logical.. good point.

regards
  • #11
  • Feb 10, 2014 6:46am Feb 10, 2014 6:46am
Alpari UK, and Deltastock mt4 have unlimited trials as well as far i as know

Let the show begins, should be a fun year

EDIT : With 10k i hope high leverage traders won't blow it up the first week, which will mean less and less participants

EDIT2 : keep it limited to Forex only ? Or Commodities as well ? Indexes ?
COT: The precious data ignored
  • #12
  • Feb 10, 2014 6:47am Feb 10, 2014 6:47am
Quoting hollowhead
{quote} I wonder if there is 1 broker available worldwide with limitless accounts that everyone can use? Everyone then experiences the same spikes/anomalies and there is no broker blame? EDIT: Having said that some strategies might involve hedging...
Sir,

I believe it will be up to those wanting to trade a hedging strat to find a non - time restrictive demo to allow them to join.

Regards
  • #13
  • Feb 10, 2014 6:48am Feb 10, 2014 6:48am
Hi,

I would like to participate in this competition.

In order to give everyone the same chances we should select one broker for everybody to create their demo account there, just to make sure everybody has equal opportunities.
  • #14
  • Feb 10, 2014 6:56am Feb 10, 2014 6:56am
Quoting kuroro001
Alpari UK, and Deltastock mt4 have unlimited trials as well as far i as know Let the show begins, should be a fun year EDIT : With 10k i hope high leverage traders won't blow it up the first week, which will mean less and less participants EDIT2 : keep it limited to Forex only ? Or Commodities as well ? Indexes ?
Haha,

Good point. Forex only - I think. Let us stick to that for now. All good?
  • #15
  • Feb 10, 2014 6:57am Feb 10, 2014 6:57am
Quoting TauTrader
{quote} Sir, I believe it will be up to those wanting to trade a hedging strat to find a non - time restrictive demo to allow them to join. Regards
Sure - I was just thinking if we chose one broker to level everything out from a price movement point of view, then if the broker doesn't allow hedging (ie a US based one), then some may not be able to execute their strategy. But if it is left to participants to find their own broker (as in real money trading), then sure, everyone can use whichever one works for them. Just wanted to avoid broker complaints/conspiracy which inevitably rears its head.
  • #16
  • Feb 10, 2014 6:59am Feb 10, 2014 6:59am
Quoting kuroro001
Alpari UK, and Deltastock mt4 have unlimited trials as well as far i as know Let the show begins, should be a fun year EDIT : With 10k i hope high leverage traders won't blow it up the first week, which will mean less and less participants EDIT2 : keep it limited to Forex only ? Or Commodities as well ? Indexes ?
Yip - traders could blow up quick - but the rule states at least 1 trade per month..
  • #17
  • Feb 10, 2014 7:00am Feb 10, 2014 7:00am
Quoting TauTrader
{quote} Haha, Good point. Forex only - I think. Let us stick to that for now. All good?
Nothing to add, waiting for it to get started
COT: The precious data ignored
  • #18
  • Feb 10, 2014 7:01am Feb 10, 2014 7:01am
Quoting hollowhead
{quote} Sure - I was just thinking if we chose one broker to level everything out from a price movement point of view, then if the broker doesn't allow hedging (ie a US based one), then some may not be able to execute their strategy. But if it is left to participants to find their own broker (as in real money trading), then sure, everyone can use whichever one works for them. Just wanted to avoid broker complaints/conspiracy which inevitably rears its head.
Ok - I hear ya..

I set the rule now. All have to go with XE markets. Demo. Start registering..

Regards
  • #19
  • Feb 10, 2014 7:05am Feb 10, 2014 7:05am
Ugh,

Question - can all participants connect their trade explorer to a specific thread?
  • #20
  • Feb 10, 2014 7:07am Feb 10, 2014 7:07am
Quoting TauTrader
Ugh, Question - can all participants connect their trade explorer to a specific thread?
Only 2 accounts per thread.

But you should be able to track off of the last 2 digits of the TEs.

Use post # 1 to link to all participants.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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