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Trading Contests Journal

  • #1
  • First Post: Feb 12, 2017 3:52am Feb 12, 2017 3:52am
I start this thread to hold my participation in different trading contests.
These contests usually increase competitiveness, sharpen trading skills, and could end up with real money accounts
.
No guts, no glory
  • #2
  • Feb 12, 2017 3:59am Feb 12, 2017 3:59am
The first contest will be with NordFX.
It's a 2-week contest, and starts tomorrow.
Trade explorer to be attached.

Since EAs are allowed in this contest, I will trade it with a new expert I am working on.
If it turned to be a winner, I will share it here after the contest ends.
No guts, no glory
  • #3
  • Feb 12, 2017 4:03am Feb 12, 2017 4:03am
Next contest is with GDM FX, through myfxbook.
Its a 1-month contest, and starts on February 19th 2017 until March 17th 2017.

Auto trading is not allowed in this contest, so I will have to trade it manually.
Explorer will be attached.
No guts, no glory
  • #4
  • Feb 25, 2017 7:14am Feb 25, 2017 7:14am
Quoting abokwaik
The first contest will be with NordFX. It's a 2-week contest, and starts tomorrow. Trade explorer to be attached. Since EAs are allowed in this contest, I will trade it with a new expert I am working on. If it turned to be a winner, I will share it here after the contest ends.
I wiped out the account on this one.
No guts, no glory
  • #5
  • Feb 25, 2017 7:24am Feb 25, 2017 7:24am
Quoting abokwaik
Next contest is with GDM FX, through myfxbook. Its a 1-month contest, and starts on February 19th 2017 until March 17th 2017. Auto trading is not allowed in this contest, so I will have to trade it manually. Explorer will be attached.
160% on this one for the 1st week, but was very risky where draw down occasionally exceeded 50%.
However, 160% is not good enough, my rank is in top 100, here are the top 10 for the 1st week,

Attached Image


Remember, this contest is manual trading. EAs are not allowed.
Still amazing returns !!! 2000% in one week.
No guts, no glory
  • #6
  • Edited 7:54am Feb 25, 2017 7:25am | Edited 7:54am
Quoting abokwaik
{quote} I wiped out the account on this one.
I was hoping to be a winner so we can share your new EA.
Good luck with your next try.
لا تنسى مريديك
Beshir Idris
  • #7
  • Feb 25, 2017 7:51am Feb 25, 2017 7:51am
Quoting abokwaik
{quote} 160% on this one for the 1st week, but was very risky where draw down occasionally exceeded 50%. However, 160% is not good enough, my rank is in top 100, here are the top 10 for the 1st week, {image} Remember, this contest is manual trading. EAs are not allowed. Still amazing returns !!! 2000% in one week.
Your trading method for this competition is very risky, but I wish you all the good luck my friend!
Trading is the hardest way to make easy money...
  • #8
  • Feb 25, 2017 10:41am Feb 25, 2017 10:41am
Quoting abokwaik
{quote} 160% on this one for the 1st week, but was very risky where draw down occasionally exceeded 50%. However, 160% is not good enough, my rank is in top 100, here are the top 10 for the 1st week, {image} Remember, this contest is manual trading. EAs are not allowed. Still amazing returns !!! 2000% in one week.
Trading competition differs radically from trading for living. You can lose almost nothing except your chances to win. And you have no chances to win with low risks. That is why imho trading competition is the only one situation where high risk methods as martingale and gridding are suitable.

Do not pay much attention buddy for the first participants in the rank as most of them would probably fail in the second-third week as they are using much more aggressive and risky way of trading. The longer contest is lasting the less winning participants remain as it is impossible to maintain 2000% gain per week during long period and their gain is mostly based on luck.

One month contest is too short period to consider the winner results statistically reliable. My last contest participation was in ATC 2010 with $80,000 prize and it was lasting 3 months which is imho enough period to wipe out random winning results. And the winner finnished with gain "only" about +650% after 3 months which is equal +54% weekly gain w/o reinvesting or less than 20% with reinvesting. It is imho useful to read some statistical reports especially this one.

Quoting abokwaik
{quote} However, 160% is not good enough, my rank is in top 100,
Your 160% per week is more than good.
Do not lose hope to win Khalil, you are going very strong now!
Good luck and God bless you!
BR, alex
  • #9
  • Feb 25, 2017 1:46pm Feb 25, 2017 1:46pm
Quoting Beshir
{quote} I was hoping to be a winner so we can share your new EA. Good luck with your next try. لا تنسى مريديك
Hi Beshir,

Actually it was also manual trading, because I didn't finish the EA yet.
I started with the normal risk I use on live accounts, and did 20% in 2 days, and I was very happy before I looked at the contest's results where top trader was already at 600%, so I got frustrated and risked every thing and left it to luck, which apparently was not on my side.

Anyway, I owe Forex Factory followers a new EA, and hopefully it's coming soon.

All the best,
Khalil
No guts, no glory
  • #10
  • Feb 25, 2017 1:53pm Feb 25, 2017 1:53pm
Quoting MathTrader7
{quote} Your trading method for this competition is very risky, but I wish you all the good luck my friend!
Quoting sevan62
{quote} Trading competition differs radically from trading for living. You can lose almost nothing except your chances to win. And you have no chances to win with low risks. That is why imho trading competition is the only one situation where high risk methods as martingale and gridding are suitable. Do not pay much attention buddy for the first participants in the rank as most of them would probably fail in the second-third week as they are using much more aggressive and risky way of trading. The longer contest is lasting the less winning participants...
Thank you.

I see contests as a good opportunity to try new ideas as they have a competition factor unlike normal demo testing.
No guts, no glory
  • #11
  • Edited 10:54am Jun 5, 2017 10:10am | Edited 10:54am
Quoting abokwaik
{quote} Hi Beshir, Actually it was also manual trading, because I didn't finish the EA yet. I started with the normal risk I use on live accounts, and did 20% in 2 days, and I was very happy before I looked at the contest's results where top trader was already at 600%, so I got frustrated and risked every thing and left it to luck, which apparen
tly was not on my side. Anyway, I owe Forex Factory followers a new EA, and hopefully it's coming soon. All the best, Khalil

Not many coders can trade much more have a vast knowledge of the markets and how it functions, to actually benefit from it or even give advice. I also have an idea to push to you in reference to an mtf e.a. I was working on in the past, it is similar to the one you did for me. Just a bit different. I also had sent a picture to you in mql p.m. chat but you probably didn't see it.

As long as we get that one right you can experience exponential growth and possibly win a competition. I just need an account to grow...lol. Cheers friend.


The first one is one I was working on and the second image such as the mobile is another one-live trades that is. The fusion of ideas into one system is above my coding ability, it is more up your street.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Khalil_Active_Trades_MTF-1.png Size: 155 KB
Click to Enlarge Name: IMG_20170605_104952.JPG Size: 95 KB
R:R "Percentage Focus"
  • #12
  • Last Post: Jun 5, 2017 11:01am Jun 5, 2017 11:01am
Quoting abokwaik
{quote} Hi Beshir, Actually it was also manual trading, because I didn't finish the EA yet. I started with the normal risk I use on live accounts, and did 20% in 2 days, and I was very happy before I looked at the contest's results where top trader was already at 600%, so I got frustrated and risked every thing and left it to luck, which apparently was not on my side. Anyway, I owe Forex Factory followers a new EA, and hopefully it's coming soon. All the best, Khalil


Oh it trades commodities as well....
I will never give up, just to ensure that i make my future better than yesterday, for me and those to come.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20170605_105657.JPG Size: 93 KB
R:R "Percentage Focus"
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