Contest egy
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thread: Contest egy

  1. #1
    Junior Member noemimc78's Avatar
    29

    Contest strategy

    Hi ...
    I am searching for egy or trading system suitable for forex contest ....any guides pls?

  2. #2
    Hello ... I am searching for egy or trading system suitable for Currency Market contest ....any guides pls?
    Yes, buy low sell high quality.

    Developed by :
    Economy tomorrow large and buy tomorrow low.

    Finally the holy grail.

  3. #3
    Junior Member Cocoandre23's Avatar
    20
    quote Sure, practically daily I got a signal (once in a while I didnt but when it happens that the market its all weird so I dont mind honestly) I trade only 2 instruments from the New york session (my period) and thats it. . 1 perfect signal, 1 commerce and im done for the day if not. . Tomorrow its a new day keep in mindput the odds If they are not there then dont trade !! that is random It just make sense right?? =-RRB-
    yes, your own instruction makes total sense. What I heard from you that is

    - keep trading as constant( same candle dimensions, same sl, same tp, same entry signal, same trading hours, same instrument...)==gt; same odds instead of random probability.

    Is it possible to give some counsel about trading larger lotsize, what I have difficulty that is, when I reach consistent winning, double my account, then I cant seem to follow my own trading egy with larger lotsize as I am afraid to lose my profit. Whenever I have this mindset, I see, I start to lose my profit after that and trading . .

  4. #4
    Senior Member sarapano's Avatar
    279
    It is dependent on the rules of this competition youre engaging in.
    Im imagining its those normal FX competition that spans about 1 month. With no rules against minimum and martingales a week.

    You could create a simple intraday egy with tight Take Profits and the Cease loss 3-10 times broader. It is possible to use any indior but I would propose trading near market opens/close/news occasions to take advantage of the volatility.

    This should place your Win rate at roughly 60 -70ish percentage. Fix your leverage accordingly. You are able to risk everywhere from 5 - 50 percent of your funding each transaction.
    Trade larger or martingale after every loss. Having a higher success rate, the likelihood of hitting a long streak of losing trades are rather low.

    The idea here is that since the competition only spans a month long or so, it is all up to luck not to blow off your account martingaling or doubling down. The probability are rather slim to blow up in several months time.

    Nearing the end of the competition, if youre not over the top few in contention for prize money, go all in on a single trade. The idea this is you get a position with a prize and win large, or you wind up and win nothing anyhow.

    Obvious competition trading egies shouldn't be utilised in real trading. These egies are all optimized specifically to win trading contests. Over a period of time, these egies are guranteed to discount. Its not surprising to see winners raking in roughly 400 percent profits by the close of the competition. Know that these functionality are not substainable at the long run.
    Hope that helps!

  5. #5
    Member niko's Avatar
    56
    It is dependent upon the rules of this contest youre engaging in. Im assuming its FX contest that spans about 1 month. With no guidelines against minimum and martingales a week. You can create a intraday egy with tight Take Profits and also the Cease loss 3-10 times broader. It is possible to use any indior but I would propose trading near market opens/close/news occasions to benefit from the volatility. This should put your Win rate at roughly 60 -70ish percentage. Adjust your leverage accordingly. You are able to risk anyplace...
    LOL no. . Not even close

    you go all in in each trade, aiming for a little TP from a bigger time frame (practically sure to hit) using a very definite set of rules/conditions in their egy; in fact if they are not running robots that the principles are still the same in manual trading

    hit rate its almost 100%

    Consider this: if you have a major account and lets say you made 100 bucks profit out of it why you dont take those 100$ and open a new account and go all out with a contest egy aproach??

    Whats the worst it could happen? You either blow up those completely free 100$ (profit from the primary account wich are expendable no risk money) OR create a crap load of money??


    The problem generally with trading its own 2 fold: wrong/faulty/flawed aproach to trading AND that people generally its more fearful of losing money than really making it. .

    Stress = failure sooner or later

  6. #6
    Senior Member sarapano's Avatar
    279
    quote LOL no.. Not close you move all in in each trade, aiming for a little TP from a bigger time frame (practically guaranteed to hit) using a very clear set of rules/conditions in their egy; in fact if they are not running robots that the principles continue to be the same in manual trading strike rate its nearly 100% Consider this: if you've got a main account and lets say you made 100 dollars profit from it; why you dont take these 100$ and open a new account and go all out with a contest egy aproach?? Whats the worst it can occur? You...
    You'd need to account for the fact that most(Or a few, idk for sure) contests have minimal transactions required each week. Meaning you wait for it to hit on your TP and dont have the luxury of moving all in into a trade. Sure you can reach win rate that way, but how long before it hits your TP?

    In any case, the general idea for competition egies is to exchange very aggressively.

    I don't understand what you are attempting to get across with your $100 analogy. Maybe you can elabourate? Your idea of expandable money seems great on paper, but it is a gurantee that a string of losses will soon wipe out your profits.

  7. #7
    Junior Member noemimc78's Avatar
    29
    Thanks all for reply ....

    Contest conditions are :
    Balance : 1000 $
    Leverage : 1:2000
    length : 1 week (5 working days)

    therocaly , it's easy games (it should consider as a game not as actual life) , however it's very difficult when you see some people especially the asian (Indonisia , china...) the double account about 10 times daily ....

    Therefore any one know haw to play with this match ?????

  8. #8
    It is dependent upon the rules of this competition youre participating in. Im assuming its people normal FX competition that spans about 1. With no rules against martingales and minimum per week. You can create a intraday egy with tight Take Profits and the Cease loss 3-10 times wider. You can use any indior but would propose trading near market opens/close/news events to benefit from the volatility. This ought to place your Win rate at roughly 60 -70ish percent. Fix your leverage accordingly. You can risk anywhere...
    Wao!

  9. #9
    Senior Member sarapano's Avatar
    279
    thanks all for response .... Contest conditions include : Balance : 1000 $ Leverage : 1:2000 duration : 1 week (5 working days) therocaly , it's simple games (it ought to consider as a game not as actual life) , however it's very hard once you find some individuals particularly the oriental (Indonisia , china...) the double account approximately ten times every day .... So any one know haw to play with this game ?????
    With just a single week to optimize gains. Along with the availability of 1:2000 leverage, your best best is probably go all in each trade and aim for 1 pip winners. Compound those winners over transactions, and beg you dont wind up. As an alternative, you can try to grab a move, maybe during news occasion. And expect that youre on the perfect side of this trade.


    PS: Notice how often I use the word pray, as such competition basically is a game of luck.

  10. #10
    Hello ... I am searching for egy or trading system acceptable for Currency Market contest ....any advises pls?
    If you don't have a profitable egy; then you shouldn't take part in the contest.

    To win in a contest; you need to conquer professional traders; and you need to be good at it; let alone if you don't have a egy.

    In brief; you want 10,000 hours of screen time to be a profitable trader; and another 10,000 hours to win in the contest; so see you in 2022

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