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Attachments: Metal Competition Zone (Demo)
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Metal Competition Zone (Demo)

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  • Post #1
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  • First Post: Edited Jun 15, 2019 3:16am Jun 3, 2019 3:44am | Edited Jun 15, 2019 3:16am
  •  JayBag
  • Joined May 2016 | Status: IconAlive | 5,359 Posts
Top Of Day Iron Traders,

It's such a great feeling knowing we have a new home at MM .. Without further time wasting, I thought of an activity that should be fun and rewarding at the same time hence the friendly competition Idea. Please see below a few T's and Benefits. (to be updated later on)

Metal Contest Terms and Conditions

1. The Metal Contest starts at 00:00 h EET on the first day of each week. Demo account holders who would like to participate in the Contest should register for a new demo account.
2. The Metal Contest ends at 23:00 h EET on the last day of each week. The exact Contest closing time may be subject to change, in which case the Contest closing time is considered to be the time on broker's servers.
3. Each subsequent Weekly Contest starts at 00:00 h EET on the first day of each week.
4. Each participant starts trading with $10,000 virtual USD as an initial margin deposit. Please note that if the initial deposit amount is changed when signing up for the Contest, the participant will be disqualified.
5. All participants must upload their TE from start to finish.
6. Participants gain entry by posting last four digits of their account signed-up for the competition.
7. All participants are advised to close out their positions at the end of the competition period.

Benefits Of Participants

1. Exposure to potential Investors (This will depend on your performance)
2. Winner will be listed as 'Trader of the Week' (Bragging Rights Earned and whatever comes with being trader of the week)
3. Winner's Trade Explorer (TE) will be uploaded to the thread till another winner emerge
End-Time Investor
HellFire All Time Return: 52.9%
  • Post #2
  • Quote
  • Jun 3, 2019 4:18pm Jun 3, 2019 4:18pm
  •  perma-bull
  • Joined Feb 2019 | Status: Member | 362 Posts
I don't mind losing some demo dollars. Hopefully my demo girl won't mind.

Submitting my application to join...
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
1
  • Post #3
  • Quote
  • Edited at 11:12pm Jun 3, 2019 8:47pm | Edited at 11:12pm
  •  EventsTrader
  • Joined May 2019 | Status: iTrade | 1,411 Posts
Count me in! Here's my Trade Explorer with $10k initial deposit: https://www.metalsmine.com/eventstrader#acct.68
We must learn who is gold, and who is gold plated
1
  • Post #4
  • Quote
  • Jun 3, 2019 11:48pm Jun 3, 2019 11:48pm
  •  EF5
  • Joined Oct 2013 | Status: Member | 880 Posts
Sounds fun, I'm in!
Self-sufficiency is the greatest of all wealth. - Epicurus
1
  • Post #5
  • Quote
  • Jun 4, 2019 7:41am Jun 4, 2019 7:41am
  •  JayBag
  • Joined May 2016 | Status: IconAlive | 5,359 Posts
Quoting perma-bull
Disliked
I don't mind losing some demo dollars. Hopefully my demo girl won't mind. Submitting my application to join...
Ignored
Awesome Perma

I doubt she'll ever mind you know
End-Time Investor
HellFire All Time Return: 52.9%
  • Post #6
  • Quote
  • Jun 4, 2019 7:46am Jun 4, 2019 7:46am
  •  JayBag
  • Joined May 2016 | Status: IconAlive | 5,359 Posts
Quoting EventsTrader
Disliked
Count me in! Here's my Trade Explorer with $10k initial deposit: https://www.metalsmine.com/eventstrader#acct.68
Ignored
Let's do it ET..
End-Time Investor
HellFire All Time Return: 52.9%
  • Post #7
  • Quote
  • Jun 4, 2019 7:51am Jun 4, 2019 7:51am
  •  JayBag
  • Joined May 2016 | Status: IconAlive | 5,359 Posts
Quoting Ef5
Disliked
Sounds fun, I'm in!
Ignored
Definitely E
Game face on
End-Time Investor
HellFire All Time Return: 52.9%
  • Post #8
  • Quote
  • Jun 4, 2019 9:49am Jun 4, 2019 9:49am
  •  perma-bull
  • Joined Feb 2019 | Status: Member | 362 Posts
going in heavy short for Powell! betting on the fact that Evans was just the appetizer...
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • Post #9
  • Quote
  • Jun 4, 2019 9:53am Jun 4, 2019 9:53am
  •  JayBag
  • Joined May 2016 | Status: IconAlive | 5,359 Posts
Quoting perma-bull
Disliked
going in heavy short for Powell! betting on the fact that Evans was just the appetizer...
Ignored
That seems legit considering we've been having a bull party ..
A flash retrace would not be surprising at all...

Let's see how far the fuel takes us
End-Time Investor
HellFire All Time Return: 52.9%
  • Post #10
  • Quote
  • Jun 4, 2019 11:23am Jun 4, 2019 11:23am
  •  Metallurgy
  • Joined Jun 2019 | Status: Member | 257 Posts
What a great idea! I'm new to the market and will not put myself on the chopping block just yet. I'll learn from you guys for now
GOLD All Time Return: 113.2%
1
  • Post #11
  • Quote
  • Jun 5, 2019 12:20am Jun 5, 2019 12:20am
  •  EventsTrader
  • Joined May 2019 | Status: iTrade | 1,411 Posts
Quoting JayBag
Disliked
2. Winner will be listed as 'Trader of the Week' (Bragging Rights Earned and whatever comes with being trader of the week)
Ignored
Do all trades need to be closed? Are there any details I'm missing? I just want to prepare myself for my new title. JK! I'm getting my but whoooooped. I was up until I fat figered my demo in my iPhone and bought copper instead of gold. After that mistake, I decided that I'd take the loss of the huge IFC spread in copper, and go balls to the wall in gold. I'm not saying I won't win. But if I do:
Attached Image (click to enlarge)
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We must learn who is gold, and who is gold plated
1
  • Post #12
  • Quote
  • Jun 5, 2019 1:20am Jun 5, 2019 1:20am
  •  JayBag
  • Joined May 2016 | Status: IconAlive | 5,359 Posts
Quoting EventsTrader
Disliked
{quote} Do all trades need to be closed? Are there any details I'm missing? I just want to prepare myself for my new title. JK! I'm getting my but whoooooped. I was up until I fat figered my demo in my iPhone and bought copper instead of gold. After that mistake, I decided that I'd take the loss of the huge IFC spread in copper, and go balls to the wall in gold. I'm not saying I won't win. But if I do: {image}
Ignored
Hey ET,

Very simple rules bud..
All trades must be closed by end of Friday. Winner will be listed as trader of the week throughout next week till we find a new champion by Friday again .

I doubt you are missing anything
End-Time Investor
HellFire All Time Return: 52.9%
  • Post #13
  • Quote
  • Jun 5, 2019 1:40am Jun 5, 2019 1:40am
  •  EventsTrader
  • Joined May 2019 | Status: iTrade | 1,411 Posts
Quoting JayBag
Disliked
{quote} Hey ET, Very simple rules bud.. All trades must be closed by end of Friday. Winner will be listed as trader of the week throughout next week till we find a new champion by Friday again . I doubt you are missing anything
Ignored
Can I suggest something? Everybody should be required to post their demo account number at the start of the week. At least the last two digits? Unless you think there's nothing to worry about with people using multiple demo accounts. I'm afraid someone will game the system and ruin your thread.
We must learn who is gold, and who is gold plated
  • Post #14
  • Quote
  • Jun 5, 2019 2:05am Jun 5, 2019 2:05am
  •  JayBag
  • Joined May 2016 | Status: IconAlive | 5,359 Posts
Quoting EventsTrader
Disliked
{quote} Can I suggest something? Everybody should be required to post their demo account number at the start of the week. At least the last two digits? Unless you think there's nothing to worry about with people using multiple demo accounts. I'm afraid someone will game the system and ruin your thread.
Ignored
I have to agree with you. That's a gap that needs filling. (Thanks for that)
Will adjust the T&C's as time goes. Hoping to get help from management as well
End-Time Investor
HellFire All Time Return: 52.9%
  • Post #15
  • Quote
  • Jun 5, 2019 2:19am Jun 5, 2019 2:19am
  •  EventsTrader
  • Joined May 2019 | Status: iTrade | 1,411 Posts
Quoting JayBag
Disliked
{quote} I have to agree with you. That's a gap that needs filling. (Thanks for that) Will adjust the T&C's as time goes. Hoping to get help from management as well
Ignored
To make life a little easier, why don't you just set up a deadline? Anybody who misses the deadline just get signed up for the next week. The deadline could be before next week's open.

On the other hand, correct me if I'm wrong, but couldn't you just implement a rule that says, you must post your account number and read-only password to the thread. The rule would be no trading prior to posting the info to the thread. Wouldn't that eliminate the risk of people trying to take opposite positions in multiple demos and just posting the best one? I think I'm missing something though.

It's up to you man, just want to see your awesome idea keep going.
We must learn who is gold, and who is gold plated
1
  • Post #16
  • Quote
  • Edited at 11:54pm Jun 5, 2019 8:01pm | Edited at 11:54pm
  •  bulltrap
  • Joined Aug 2017 | Status: Patient | 347 Posts
I'm in too if the invitation is still open. It would be more fun with a real account but a demo account will still capture the thrill of the hunt.

Plus I've been wanting to test a few copper trading strategies, I usually am more focused on gold.

TE: https://www.metalsmine.com/bulltrap#...xplorer.172573
careful not to step in a pile of it
1
  • Post #17
  • Quote
  • Jun 5, 2019 8:31pm Jun 5, 2019 8:31pm
  •  EventsTrader
  • Joined May 2019 | Status: iTrade | 1,411 Posts
Quoting JayBag
Disliked
{quote} I have to agree with you. That's a gap that needs filling. (Thanks for that) Will adjust the T&C's as time goes. Hoping to get help from management as well
Ignored
JayBag! I'm going to have to raise the white flag. I pretty much blew up my demo. Go big or go home!
Attached Image


First of all, I just want to let you all know I'll be back next week ready to compete. I'll be checking this thread out for any new rules related to being eligible for next week's contest.

Another thing, I was using IFC Markets for my demo since they had gold, silver, copper, platinum, and palladium. What I didn't check was their spreads. I'm not sure how far they are from the norm, but I will definitely be returning next week with tighter spreads. IFC's spreads were ridiculous. I'm going to look for a broker that offers gold and copper. Anything else is a bonus. If I find a good one, I'll let you guys know.

Good luck the rest of the week. My prediction is that whoever wins will do so because of NFP and how they trade it (or don't trade it). I have a thread called High Impact Events Trading, if you're interested in some analysis ahead of the event stop on by. It could be how you take this week's title! See you all next week!
We must learn who is gold, and who is gold plated
  • Post #18
  • Quote
  • Jun 6, 2019 1:13am Jun 6, 2019 1:13am
  •  JayBag
  • Joined May 2016 | Status: IconAlive | 5,359 Posts
Quoting bulltrap
Disliked
I'm in too if the invitation is still open. It would be more fun with a real account but a demo account will still capture the thrill of the hunt. Plus I've been wanting to test a few copper trading strategies, I usually am more focused on gold. TE: https://www.metalsmine.com/bulltrap#...xplorer.172573
Ignored
Registration is open till tomorrow night (Friday)
End-Time Investor
HellFire All Time Return: 52.9%
  • Post #19
  • Quote
  • Jun 6, 2019 1:15am Jun 6, 2019 1:15am
  •  JayBag
  • Joined May 2016 | Status: IconAlive | 5,359 Posts
Quoting EventsTrader
Disliked
{quote} JayBag! I'm going to have to raise the white flag. I pretty much blew up my demo. Go big or go home! {image} First of all, I just want to let you all know I'll be back next week ready to compete. I'll be checking this thread out for any new rules related to being eligible for next week's contest. Another thing, I was using IFC Markets for my demo since they had gold, silver, copper, platinum, and palladium. What I didn't check was their spreads. I'm not sure how far they are from the norm, but I will definitely be returning next week with...
Ignored
Same boat ET..
Will be contesting again next week
End-Time Investor
HellFire All Time Return: 52.9%
  • Post #20
  • Quote
  • Jun 6, 2019 1:25am Jun 6, 2019 1:25am
  •  EF5
  • Joined Oct 2013 | Status: Member | 880 Posts
I concede I blew up my demo account this week too. It's only up from here guys. lol
Self-sufficiency is the greatest of all wealth. - Epicurus
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