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A challenge to all forex traders!

gritzvon · 81 · 18676

gritzvon

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on: Aug 09, 2008, 02:28 PM
 :welcome:

Hi guys! Im openin a trading challenge!

1 Currency Pair: GBPUSD

Scale: 1) Pips, 2) % of account growth (you can suggest other scales)

Any broker or type of account (demo or live - preferable demo  :hihi:)

You can post your method of madness (chart,etc) or not, that depends on you. But you difinitely have to show a statement of account of your progress.

Let's decide to the beginning and end dates.

There's no gold at the end of rainbow in here. Just a friendly challenge.

Let's see who will enlist on this challenge. .... Come on guys!  :rakenrol:


Lightwind_99

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Reply #1 on: Aug 09, 2008, 05:54 PM
« Last Edit: Aug 09, 2008, 06:10 PM by Lightwind_99 »


beast_master

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Reply #2 on: Aug 09, 2008, 07:19 PM
^sounds like fun. however, di ako sanay sa Metatrader.  :D

Sana naman me papremyo din kahit burger lang.haha! :boxing:


2mbaga

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Reply #3 on: Aug 09, 2008, 10:43 PM
^Sali rin ako. Sakto, Im testing a trading system now. Kailangan ba pare pareho ang currency na gagamitin natin? Ako kasi prefer ko gamitin GBP/JPY, EUR/JPY, and NZD/USD. And I like trading them at the same time.
« Last Edit: Aug 09, 2008, 11:08 PM by 2mbaga »


Lightwind_99

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Reply #4 on: Aug 09, 2008, 11:32 PM
i think mas ok kung any pair basta start sa equity of 5k, and .10 to .50 lots lang ang allowed per trade. Highest gainer wins within a time duration (1 week, 2 weeks or a month)

pwede na din kahit anong broker basta yung requirements are met.

we'll do this for fun and practice para ma-enganyo tayo sa forex trading :D


beast_master

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Reply #5 on: Aug 10, 2008, 02:06 AM
Hindi ba magkaiba results when you are trading live vs. demo?  


Lightwind_99

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Reply #6 on: Aug 10, 2008, 09:57 AM
i'm sure mag-kaiba Beast_master :D Demo account need dito sa activity   :hello:


fx1dr3r

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Reply #7 on: Aug 10, 2008, 06:26 PM
Hi guys!  :hello:
I'm in! :)

I agree with Lightwind_99. We can choose any currency pair, broker and trading style, but we need to regulate some things like the size of lots, the starting deposit/equity, the start and end dates. We can use this thread to post our progress, ideas, trades, etc.

How about if we put it (conditions: lot size, opening deposit, etc) to a vote, so that everyone agrees to the conditions.

As pointed out by you guys already, here are just my suggestions on things to agree on:
1) Do we use the same broker or not? (does it matter?)
2) Do we use the same pair?
3) What is the leverage?
4) What is the size of lots and/ # of lots per trade?
5) What is the starting equity/deposit(if anybody's gonna go live on this)?
6) Must it be the same trading platform?
7) What is the time span, starting and ending dates?
8 ) How do we determine the winner? Is it by the # of pips? #of winners vs. lossers? % of account growth?

If I missed something please add to the list. If none, let's start the votes!

:).. I really hope many guys will join. This could bolster our interest and passion for trading.
« Last Edit: Aug 10, 2008, 06:40 PM by fx1dr3r »


gdibizness

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Reply #8 on: Aug 10, 2008, 08:14 PM
I'm in!!

Quote
1) Do we use the same broker or not? (does it matter?)

Yes, we should because each brokers has different spreads.

Quote
2) Do we use the same pair?

No, not exactly it depends to the trader which he like most. (Para di mawala sa diskarte)

Quote
3) What is the leverage?

Let's use standard leverage 1:200

Quote
4) What is the size of lots and/ # of lots per trade?

1

Quote
5) What is the starting equity/deposit(if anybody's gonna go live on this)?

I suggest let's do 2000USD

Quote
6) Must it be the same trading platform?

use etoro.com platform (Userfriendly) or InterbankFX

Quote
7) What is the time span, starting and ending dates?

1month start: Aug. 11, 2008 end: sept. 11, 2008

Quote
8 ) How do we determine the winner? Is it by the # of pips? #of winners vs. lossers? % of account growth?

Declare the winner via PIPS counting I guess?

please, finalize it.

Regards, :)
« Last Edit: Aug 10, 2008, 08:17 PM by gdibizness »


gritzvon

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Reply #9 on: Aug 10, 2008, 09:18 PM
Wow! Many are interested!   :rakenrol:

Lets see the list: Lightwind_99, beast_master, 2mbaga, fx1dr3r, gdibizness and me. That makes it 6.   :D

Hope many more joins.

As far as the requirements & condtions go-

1) Do we use the same broker or not? (does it matter?)
    We can use any broker trader is comfortable. (The length of this challenge will
    surely be longer than a week, and many guys her r goin to rack up truckloads of pips, so
    the broker wil not be a big factor. If im not mstaken  LOL)

2) Do we use the same pair?
   Any pair trader is comfortable

3) What is the leverage?
    1:100 (coz most brokers, offer this as default, live or demo.)

4) What is the size of lots and/ # of lots per trade?
    0.1  (if 1:100 and $1000 dollar openin bal)

5) What is the starting equity/deposit(if anybody's gonna go live on this)?
    $1000

6) Must it be the same trading platform?
    Any platform each trader is comfortable with.

7) What is the time span, starting and ending dates?
    August 12-September 19

8 ) How do we determine the winner? Is it by the # of pips? #of winners vs. lossers? % of account growth?
     Pips

No robots!  :laugh:
I cant think of other rules. Send in your decisions guys!  :rakenrol:


neo

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Reply #10 on: Aug 10, 2008, 09:52 PM
Masaya ata ito. Pasali naman. Pwede bang scalping lang. :hihi:


gritzvon

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Reply #11 on: Aug 10, 2008, 10:11 PM
:).. Any strategy is ok with me. 8 wil be a nice additional flavor to the challenge. What do you think guys?


Lightwind_99

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Reply #12 on: Aug 10, 2008, 10:34 PM
i agree that any broker on demo account would do just fine, it doesn't matter waht broker or trading platform is used, what's important is the performance level of the trader  :hello:

1:100 is ok, .1 lot is ok too, any higher than .1 lot does not count on evaluation.

starting equity $1000 is ok since .10 lot is the maximum lot allowed per trade.

i think the winner will be decided by the account's growth. the competitor's Performance handling his account proves the winning skill how he handles all that there is in proper trading (risk-reward ratio, money management, fundamental and technical prowess and etc.)
The person who has the highest equity or profitability wins  :winner: as long as .10 lot is applied on any trade.

how bout that guys?


Posted on: Aug 10, 2008, 10:31 PM
For preparation better register a demo account guys, i'm on registering at FXcast broker using meta-trader platform. For those who want it live...well it's your call  :D


gritzvon

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Reply #13 on: Aug 10, 2008, 10:57 PM
Either pips or % in acct growth is ok with me. :)

I'm opening an account with ODL.

Hope we can get the opinions of the other participats soon. So that we can also decide on when we will start.
Posted on: Aug 10, 2008, 10:52 PM
Neo, what do you think of the rules?


fx1dr3r

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Reply #14 on: Aug 10, 2008, 11:11 PM
:hello: Hi guys! Here's my vote

1) Do we use the same broker or not? (does it matter?) - any broker
2) Do we use the same pair? - any pair
3) What is the leverage? - 1:100
4) What is the size of lots and/ # of lots per trade? - 0.1
5) What is the starting equity/deposit(if anybody's gonna go live on this)? - $1000
6) Must it be the same trading platform? - Any trading platform
7) What is the time span, starting and ending dates? - 1 month, depending on the availability of the other participants
8 ) How do we determine the winner? Is it by the # of pips? #of winners vs. lossers? % of account growth?  - % account of growth

Any strategy as well, scalping, day trading, swing or position. Im planning to open an account with crown, was planning to test them anyway. :)


 


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