Contest egy -
1 2

thread: Contest egy

  1. #11
    thanks all for reply .... Contest conditions include : Balance : 1000 $ Leverage : 1:2000 duration : 1 week (5 working days) therocaly , it is easy games (it ought to consider as a game not as actual life) , however it is very hard once you find some people especially the asian (Indonisia , china...) the twice account approximately ten times every day .... So any one know haw to play this game ?????
    The very simple recipe IF you've got a 1000$ to risk for the fame...

    1. Pick a volatile pair which seem to be all set for a directional turn
    2. go all in
    3. Pray that it turns before hit margin call...(could be end of game here)
    4. If flipped ride it, if you select good the move could/should last 3-4 times
    5. Relish your extreme hard return%

    1A. Alternative: high risk martingale, with the remaining things.

    Contest, especially those short term, and even more so the demonion ones are a fantastic bait for the broker, tricking ppl in that it is really easy to gain 100s of percent in a short time, and producing them deposit out of greed than they can manage to lose.
    These contest egies dont continue, and hard to repeat.
    Without high risk, there's absolutely no high return (maybe not in short time such as days/weeks anyhow).

  2. #12
    Member niko's Avatar
    56
    quote You'd have to account for the fact that most(Or a few, idk for sure) competitions have minimum trades required each week. Meaning you wait for it to hit your TP and dont have the luxury of going all into a commerce. Sure you can achieve win rate that way, but how long before it hits on your TP?
    It can strike you TP in moments easily

    quoteIn any case, the general idea for competition egies is to trade quite harshly. I do not see what you are attempting to get across with your $100 analogy. You could elabourate?
    It was an instance for anyone to check their fear element. . Would you opt for a high (40/50) percent per trade using an established (lets say) 90/95% win rate egy??

    why? why not?? Why are you fearful of risking so much with such a high win rate? (if you're) ?? You are doing this for the cash right?? Think hard and long about it =-RRB-

    quoteYour idea of expandable money sounds great on paper, but it's a statistical gurantee that a string of declines will wipe out your own gains.
    I actually trade that way: I have a principal account wich I touch other than to make a quick 100 dollars, start a new one with that cash and go with a 30/40 percent each trade with my demoned aproach (VERY high win rate) and NO you can NOT bust an account when the capital direction and win rate its functioning in sync. . At worst I go back and forth for a few trades then I pickup

    you make lots of money WITH Earning money wich it doesnt matter if you lose it in the worst case scenario (its not the principal account or ALL your saving or something like that)

    After a series of trades (approximately 20 wich its a month of trades for me personally) I draw the money for my bank and go around again; im working right now in doing the same but with 5 small accounts and a commerce copier (still testing the software) so I can compound way more per month

    and before anyone make a sarcastic comment NO im not rich, I maintain my parents (they want drugs) and I live in the most astrofic market in this planet. . So money is made by me but my expenses are high so its not that easy in the long run. .

    ohh !! 1 more thing im going to share: what folks like to call and edge its nothing more than 1 occasion that have a high probability to take place OVER another one (like its more likely than price will go up than down IN THIS CONDITIONS) IF its a real edge it should always have the same percent of rotation in your favor in the very same conditions... consistently; if its not happening then its not continuous and then its not worth it because sometimes it will be a blind bet (do you wish to place money at stake with blind wager ??)


    Go for the kill. . Not for the GO FOR THE MONEY, STOP BEING AFRAID change the aproach, optimize it NOT

  3. #13
    Senior Member sarapano's Avatar
    279
    I appreciate your detailed reply havo. I have some disagreement with your views.

    Primarily, lets agree that the concepts we're talking about is related to real forex trading, rather than competition trading. As your points are valid for trading contest.

    Now to get down to it. My principal concern is with your advoion of carrying huge risk per transaction (up to 50 percent), irregardless of their win rate. In theory it would work nicely if trading outcome is fixed (E.g win $100 or lose $100) and win rates are inactive. In fact, this seldom holds true. One will seldom win/lose exactly the identical amount every transaction, you can try to maintain consistency by placing TP and SL amounts, or trading just a pair. But this can have an effect on your win rate. This is the habit of fixing Sl and TP levels.
    Next are the issue to win rates. In an ideal world, our win rates will maintain constant. Regrettably, win rates in the real world are dynamic. A 95% win rate this month can become a 75% win rate per month. Now this may not seem bad. But consider your advoion of risking 50% funding per transaction. All it requires is a drop in win rate to dismiss your account up.


    My second disagreement in view is related to your own idea of expandable money account. Youre risking huge proportions of the account per transaction, because it is expandable money after all.
    The matter is if you look at your TOTAL trading funds, such as those OUTSIDE of your paypal cash account. Suddenly your risk of 50 percent per transaction on a $100 account becomes small. Perhaps its of your overall trading funds, or even less. Even if you triple or double your expandable account, taken to the context of your trading funds that is total, youre only gaining 1-2%.
    In essence, what is apparently a high risk move isnt really so risky afterall. Theres not much diffrence with creating a sub account to make risky transactions, and just betting small on risky traders.
    I hope you get what Im referring to.

  4. #14
    Member niko's Avatar
    56
    I appreciate your detailed reply . But, I have some small disagreement with your views. Primarily, lets agree that is associated with not, and real world trading competition trading. As your points are valid for trading contest. Now to get down to it. My principal concern is with your advoion of taking huge risk per trade (up to 50 percent), irregardless of the win rate.
    oh no !! No no, you dont risk that much UNLESS you have a high win rate !! Otherwise its just a suicide since BOTH are linked

    In theory it would work well if trading outcome is fixed (E.g win $100 or lose $100) and win rates are stationary. In fact, this seldom holds true. One will seldom win/lose exactly the same amount every trade, you may try to maintain consistency by setting TP and SL levels, or trading just a single pair. However, this will have an effect on your success rate. This is the habit of adjusting Sl and TP levels.
    I exchange PRICE based charts, not the traditional time based charts. . With price predied charts the SL/TP and the total amount of % each trade its really stationary because every bar its the exact same size in pips and my aproach have fixed SL/TP when a sign reveals

    together with all of this the sign its the exact same every single time, the SL/TP its exactly the same (equal ratio of course it doesnt matter whether someday I alter the pub size) and the the outcome its exactly the exact same every time. . Thats 1 of my keys =-RRB-

    NOW the oposite its true IF you trade time based charts as every candle its whatever size that they enjoy (lol) and that plays against you in trying to achieve consistent SL/TP, etc etc..

    Next are the issue to acquire rates. In a perfect world, our win rates will maintain constant. Win rates in the real world are dynamic. A 95% win rate this month can turn into a win rate next month. This might not sound as bad. However, consider your advoion of risking 50% funding per trade. All it takes is a fall in win rate to dismiss your account up.
    IF I use exactly my sign entrance in the exact same place in the chart THEN the success rate its consistent since, like I said, the pubs are constant in size and as soon as the conditions are put the outcome have a VERY high percent of going in your favor, wich its the authentic definition of exactly what people like to call and edge (a greater than probability of something happening rather than a ramdon outcome)

    NOW its true that the win rate could fall IF I dont commerce my sign in the pre specified place in the chart !! In that case I might no be trading with an edge, but a condition with a benefits and you dont want that do you? =-RRB- thats why you require discipline and stick to your egy wth its moving

    My next disagreement in opinion is linked to your own idea of expandable money account. In the same way, youre risking huge proportions of the account per trade, because it is expandable money after all. The thing is if you look at your TOTAL trading capital, such as those OUTSIDE of your expandable money account. Suddenly your huge risk of 50 percent per trade on a account becomes comparatively small. Perhaps its 1% of your trading capital, or even less. Even if you double or triple your expandable account, taken to the context of your total trading...
    concerning the account the percent, etc of what you said here is true but there is a little but BIG expert to split the amount in 1 tiny account: since its not your principal account (all the money you simply cant not afford to lose or you are screwed) there's a positive plogical impact in your way of thinking and aproach to the trades, you are more relaxed, you can follow your egy WAY better, the outcome almost doesnt matter (well almost, you still wish to create money everytime of course lol), etc etc.. In this conditions you gain a plogical edge if you want to give it a title it almost becomes like a sport in which there's practically no stress

    You can call the main account the REAL Stop reduction since you can't ever move bankrupt/margin call. . Never, plus it always have the power to make fund a new move for the kill account in case you bust 1 (it happens if you stick to the egy. . Never, unless you exchange randomly and dont follow the plan, but that does that??)


    HUGE difference as Soon as You know it, trust me)

  5. #15
    Junior Member Cocoandre23's Avatar
    20
    Havo, can I ask what is your stop loss ? Are you going with 1:1 RR each set or trade stoploss to BE and let profit run. . ?

  6. #16
    Member niko's Avatar
    56
    quote , can I ask what is your stop loss remote ?
    Its factor, dependes on the pip range im using


    quoteare you going with 1:1 RR every trade or place stoploss to BE and allow profit run. . ?
    IF I input a trade and I see that it have a lot of urge, then I can manually move the SL/TP and see where it takes me. . But I dont care if I can get it done or not, wining more than 1:1 its great of course but its not my goal. . why? Because my win rate, money management and capital increase its predied on a 1:1 trade

    if I mess with the R :R, then everything else gets screwed !! Wich its NOT my target !!

  7. #17
    Junior Member Cocoandre23's Avatar
    20
    Thanks, that makes sense.

    What instrument are you trading ? Do you trade everyday ? Does yr method generate signal daily or someday no signal, which means you jump for one more day ?

    quote Its variable, dependes on the pip range im using quote IF Id enter a transaction and I see it's a lot of impulse, then I could manually transfer the SL/TP and see where it takes me. . But I dont care if I could do it or not, wining over 1:1 its great of course but its not my goal. . why? Because my success rate, money management and capital increase its based on a 1:1 trade if I mess with all the R :R, then everything has Wich its NOT my goal !!

  8. #18
    Member niko's Avatar
    56
    thanks, that is logical. What tool are you trading ? How many hours can you exchange everyday ? Does yr method generate sign daily or someday no sign, so you jump for another day ? quote
    Sure, practically every day I received a sign (once in a while I dont but when it happens the market its weird so I dont mind honestly) I exchange only 2 tools from the New york session (my time) and thats it. . 1 perfect sign, 1 commerce and im done for the day if not. . Tomorrow its a new day

    Always remember: with cash online place the odds in your favor !! If they're not there then dont trade!!

    It merely make sense right??

    =)

  9. #19
    Member niko's Avatar
    56
    quote yes, your own instruction makes complete sense to me. What I heard from you that is - maintain trading as constant( same candle sizeexactly the same sl, same tp, same entry signalexactly the same trading hoursexactly the same instrument...)==gt; same odds rather than random probability.
    Basically yes

    quoteis it possible to give some counsel about trading bigger lotsize, what I have difficulty that is, when I attain consistent winning, double my account, then I cant seem to follow my trading egy with bigger lotsize as I'm afraid to lose my profit. I have this mindset, I see, I start to eliminate all my profit after that and trading . .
    Utilize a automatic tool/trade manager. . 1 click and you're set so that you dont see the lot, money amount etc.. Close the portion of the MT4 need to watch the account going up/down you cant control this; focus on the process thats what is , the result doesnt matter that is significant !!!!

    Those 2 helps a lot

    Fear. . Of losing; you're currently driving by FEAR get it over or you may never likely to proceed forward Up for you, sorry I cant help you with this

  10. #20
    Junior Member Paulirmcf's Avatar
    17
    quote Basically yes quote Utilize an automatic tool/trade manager. . 1 click and you're set so that you dont see the lot, cash amount etc.. Also close the lower portion of the MT4 need to watch the account going up/down you cant control that; concentrate on the process thats what its importantmatter !!!! Those two assists a lot bitterness. . Of losing; you may never likely to move forward or you're driving by FEAR get it over Up for you, sorry I cant help you with that
    Glad to see a different price chart trader like myself. They do shut out the sound

  •