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Metal Competition Zone (Demo)

  • #121
  • Jun 17, 2019 2:59am Jun 17, 2019 2:59am
Quoting JayBag
{quote} Yes O.. Just to be fair by starting with same amount 10k... If you already have a demo account that is 10k in balance, that also qualifies but it's rare
Oh alright bud.
But if I may, can't we just update our TE at the beginning of each week.
IE. We post screen shots of the TE and the only prerequisite should be that we shouldn't be in any positions.
Just to avoid a plathora of multiple accounts.
I don't know it's just a suggestion.
4&1 All Time Profit: $37,496
  • #122
  • Jun 17, 2019 3:42am Jun 17, 2019 3:42am
THE monthly news this week,


as super as NFP.

Gold goes wild.

That's the Beast in my ego talking: the compulsion to grab the maximum.

And IF I can not contain him with my conscious luminous presence, I risk losing my complete account balance

The Beast acts quicker than the speed of light and thought. Very destructive and powerful.

Am I wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 12 KB
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today: na
  • #123
  • Jun 17, 2019 3:44am Jun 17, 2019 3:44am
Comp acc' for this 3rd week Alpari acc' xxxxx5150
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today: na
  • #124
  • Jun 17, 2019 4:55am Jun 17, 2019 4:55am
Quoting MzansiObi
{quote} Oh alright bud. But if I may, can't we just update our TE at the beginning of each week. IE. We post screen shots of the TE and the only prerequisite should be that we shouldn't be in any positions. Just to avoid a plathora of multiple accounts. I don't know it's just a suggestion.
I am not sure I understand what you suggested bud..

We cannot start with an amount above 10k
If you must use your old DEMO, just make sure it's exactly 10k..

Please see page one for more details
  • #125
  • Jun 17, 2019 5:09am Jun 17, 2019 5:09am
Quoting Harry6
Comp acc' for this 3rd week Alpari acc' xxxxx5150
Hi Harry,

It's a Metal competition and no Forex pairs are allowed

thanks
  • #126
  • Jun 17, 2019 5:27am Jun 17, 2019 5:27am
Quoting JayBag
{quote} I am not sure I understand what you suggested bud.. We cannot start with an amount above 10k If you must use your old DEMO, just make sure it's exactly 10k.. Please see page one for more details
Am just suggesting we should keep one account throughout the competition. Instead of opening a new account weekly we just set a cut off time that said by Friday maybe 2 hours before market close all positions should be closed then we look at who has the highest percentage growth for that week.

My logic is that this way the demo completion will serve its purpose in that guys won't be reckless and literally gamble. We will practice proper money management. I mean if my account gets down to say 5k this week. Then I show proper money management and trading principles the following week by managing lot size/position size and we can see consistency.

Then this will showcase good trading principles over a long term period and if I read correctly we are using this to showcase exactly that and try and lure possible investors.

Cause now of every week we start of on a clean slate it means I can be reckless and not really manage the account as I would manage my real account. You get what I mean?


It's just a suggestion.
4&1 All Time Profit: $37,496
  • #127
  • Jun 17, 2019 5:46am Jun 17, 2019 5:46am
Quoting MzansiObi
{quote} Am just suggesting we should keep one account throughout the competition. Instead of opening a new account weekly we just set a cut off time that said by Friday maybe 2 hours before market close all positions should be closed then we look at who has the highest percentage growth for that week. My logic is that this way the demo completion will serve its purpose in that guys won't be reckless and literally gamble. We will practice proper money management. I mean if my account gets down to say 5k this week. Then I show proper money management...
I get you..
But it won't be a fair game for both old and new guys that may want to join..

Your Idea is a bit convenient for you alone so I won't take it to head.
There's a reason it's called 'weekly Contest' .. meaning every week, we have a competition and it's not fair when we allow someone with 30k to compete with who's got 10k.. It's only fair we get same amount to start.

Your Idea will only complicate things for us ..
Should you have any hassle setting up a new demo every week to contest, then you can just watch from sidelines till you ready to compete.
  • #128
  • Jun 17, 2019 6:14am Jun 17, 2019 6:14am
Quoting JayBag
{quote} I get you.. But it won't be a fair game for both old and new guys that may want to join.. Your Idea is a bit convenient for you alone so I won't take it to head. There's a reason it's called 'weekly Contest' .. meaning every week, we have a competition and it's not fair when we allow someone with 30k to compete with who's got 10k.. It's only fair we get same amount to start. Your Idea will only complicate things for us .. Should you have any hassle setting up a new demo every week to contest, then you can just watch from sidelines till you...
Remember we wouldn't be looking at the net equity gain.everythung will be based on percentage gains so it will be fair across the board bud.


Ie.
You may make 2k equity gain for the week but that could equate to 20% gain from your large account and someone else with a 4k account may make 30% gain Wich is 1200 equity gain from the weeks trading. In reality who was most effective for the week? The guy with the 30% gain.

The logic is just to enforce proper trading principles and approach this as you would your live account. Again don't get offended it's merely advice chief Keef
4&1 All Time Profit: $37,496
  • #129
  • Jun 17, 2019 6:28am Jun 17, 2019 6:28am
Quoting MzansiObi
{quote} Am just suggesting we should keep one account throughout the competition. Instead of opening a new account weekly we just set a cut off time that said by Friday maybe 2 hours before market close all positions should be closed then we look at who has the highest percentage growth for that week. My logic is that this way the demo completion will serve its purpose in that guys won't be reckless and literally gamble. We will practice proper money management. I mean if my account gets down to say 5k this week. Then I show proper money management...
I think the competition should stand as it is. Anyone who has a great week through "Gambling" is bound to come unstuck eventually.
If you would like to run a separate Long term contest, I for one would would participate in both. How about a 3 or 6 month contest.
Investment Trading
  • #130
  • Jun 17, 2019 6:32am Jun 17, 2019 6:32am
Quoting Doubla
{quote} I think the competition should stand as it is. Anyone who has a great week through "Gambling" is bound to come unstuck eventually. If you would like to run a separate Long term contest, I for one would would participate in both. How about a 3 or 6 month contest.
Understood bro.
J bag can set it up. Just for the sake of uniformity..... Even if it's a monthly challenge or something bud. That way we are all still on the same platform and interacting together.
My intention isn't to seperate or do something different.... The cohesion and togetherness we have here is great
4&1 All Time Profit: $37,496
  • #131
  • Jun 17, 2019 6:49am Jun 17, 2019 6:49am
Quoting MzansiObi
{quote} Remember we wouldn't be looking at the net equity gain.everythung will be based on percentage gains so it will be fair across the board bud. Ie. You may make 2k equity gain for the week but that could equate to 20% gain from your large account and someone else with a 4k account may make 30% gain Wich is 1200 equity gain from the weeks trading. In reality who was most effective for the week? The guy with the 30% gain. The logic is just to enforce proper trading principles and approach this as you would your live account. Again don't get offended...
Can't really get offended over this..

In your initial post, you said ' Just to avoid a plathora of multiple accounts. ' I would like to believe this was your reason?
Our current champ EventsTrader even suggested a lot of brokers that allows you to setup demos right from MT4.

Again, it's a weekly contest Obi. It happens every week
it's not a monthly or yearly contest..
  • #132
  • Jun 17, 2019 6:51am Jun 17, 2019 6:51am
Quoting JayBag
{quote} Can't really get offended over this.. In your initial post, you said ' Just to avoid a plathora of multiple accounts. ' I would like to believe this was your reason? Our current champ EventsTrader even suggested a lot of brokers that allows you to setup demos right from MT4. Again, it's a weekly contest Obi. It happens every week it's not a monthly or yearly contest..
I did state other reasons too. But alas it's resolved and have heard the general consensus
4&1 All Time Profit: $37,496
  • #133
  • Jun 17, 2019 7:37am Jun 17, 2019 7:37am
Just a Comment: My personal commitement was lagging last week - just way too busy and distracted. Thanks for allowing me back ...again. I hope to share ideas once done.

@MzansiObi: don't text and braai...
We err, and err, and err again, but less.
  • #134
  • Jun 17, 2019 10:02am Jun 17, 2019 10:02am
Quoting EventsTrader
{quote} Wow! It's an honor to win and get my Trade Explorer displayed at the top of this thread. Good idea! I went long gold with max leverage and was lucky to be in the gold rally. It was a desperation move after suffering a big drawdown. This thread is where the fun is at. I'm glad to be in it. See ya next week! Thanks for running this great thread!
Congrats ET -- nice work
  • #135
  • Jun 17, 2019 10:03am Jun 17, 2019 10:03am
My Explorer for this week is in my signature. I'll try not to go too crazy this time
  • #136
  • Jun 17, 2019 10:35am Jun 17, 2019 10:35am
Quoting EventsTrader
{quote} Wow! It's an honor to win and get my Trade Explorer displayed at the top of this thread.
Shit, I didn't win?!

I DEMAND A RECOUNT!
If you have faith in our leaders of commerce, don't buy gold.
  • #137
  • Jun 17, 2019 10:56am Jun 17, 2019 10:56am
New Explorer:

URL: https://www.forexfactory.com/676f6c6...xplorer.173098
Last 4: 0772
If you have faith in our leaders of commerce, don't buy gold.
  • #138
  • Jun 17, 2019 11:06am Jun 17, 2019 11:06am
Good Day Iron traders,

List of Registered Participants so far...

Doubla 9935
Jaybag 0211
DWeb 3324
Metallurgy 44
676f6c64 0772

Registrations remains open till market close on Friday
  • #139
  • Jun 17, 2019 11:08am Jun 17, 2019 11:08am
ready for another beating, 7399:
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Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #140
  • Edited 12:06pm Jun 17, 2019 11:48am | Edited 12:06pm
Count me in! New demo for this week's contest.

Acct #: 51163670
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
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