Metal Competition Zone (Demo) | Metals Mine

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Metal Competition Zone (Demo)

  • #1
  • First Post: Edited Jun 15, 2019 2:16am Jun 3, 2019 2:44am | Edited Jun 15, 2019 2:16am
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
  • #2
  • Jun 3, 2019 3:18pm Jun 3, 2019 3:18pm
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!
  • #3
  • Edited 10:12pm Jun 3, 2019 7:47pm | Edited 10:12pm
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
EventsTrader Live All Time Return: 54.4%
  • #4
  • Jun 3, 2019 10:48pm Jun 3, 2019 10:48pm
Sounds fun, I'm in!
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #5
  • Jun 4, 2019 6:41am Jun 4, 2019 6:41am
Quoting perma-bull
I don't mind losing some demo dollars. Hopefully my demo girl won't mind. Submitting my application to join...
Awesome Perma

I doubt she'll ever mind you know
  • #6
  • Jun 4, 2019 6:46am Jun 4, 2019 6:46am
Quoting EventsTrader
Count me in! Here's my Trade Explorer with $10k initial deposit: https://www.metalsmine.com/eventstrader#acct.68
Let's do it ET..
  • #7
  • Jun 4, 2019 6:51am Jun 4, 2019 6:51am
Quoting Ef5
Sounds fun, I'm in!
Definitely E
Game face on
  • #8
  • Jun 4, 2019 8:49am Jun 4, 2019 8:49am
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!
  • #9
  • Jun 4, 2019 8:53am Jun 4, 2019 8:53am
Quoting perma-bull
going in heavy short for Powell! betting on the fact that Evans was just the appetizer...
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
  • #10
  • Jun 4, 2019 10:23am Jun 4, 2019 10:23am
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
  • #11
  • Jun 4, 2019 11:20pm Jun 4, 2019 11:20pm
Quoting JayBag
2. Winner will be listed as 'Trader of the Week' (Bragging Rights Earned and whatever comes with being trader of the week)
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)
Click to Enlarge Name: 052dfb556c1d280fc08de9c9ae3042b358ae9a-v5-wm.jpg Size: 50 KB
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #12
  • Jun 5, 2019 12:20am Jun 5, 2019 12:20am
Quoting EventsTrader
{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}
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
  • #13
  • Jun 5, 2019 12:40am Jun 5, 2019 12:40am
Quoting JayBag
{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
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
EventsTrader Live All Time Return: 54.4%
  • #14
  • Jun 5, 2019 1:05am Jun 5, 2019 1:05am
Quoting EventsTrader
{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.
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
  • #15
  • Jun 5, 2019 1:19am Jun 5, 2019 1:19am
Quoting JayBag
{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
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
EventsTrader Live All Time Return: 54.4%
  • #16
  • Edited 10:54pm Jun 5, 2019 7:01pm | Edited 10:54pm
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
  • #17
  • Jun 5, 2019 7:31pm Jun 5, 2019 7:31pm
Quoting JayBag
{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
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
EventsTrader Live All Time Return: 54.4%
  • #18
  • Jun 6, 2019 12:13am Jun 6, 2019 12:13am
Quoting bulltrap
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
Registration is open till tomorrow night (Friday)
  • #19
  • Jun 6, 2019 12:15am Jun 6, 2019 12:15am
Quoting EventsTrader
{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...
Same boat ET..
Will be contesting again next week
  • #20
  • Jun 6, 2019 12:25am Jun 6, 2019 12:25am
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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