Traders Laboratory Forex Trading Contest!

[4EverMaAT 10]

duplicate post. duplicate post

Edited November 3, 2012 by 4EverMaAT
duplicate post

[Mysticforex 13]

Everyone just be sure the contest you join has the November 5th start date.

[Obsidian 10]

...............

signed up!

ready to rock and roll:cool:

[kuokam 10]

Well done Option, and thank you for pointing to that thread, I didn't know existed. I've also started reading Stanley Kroll's book you recommand, great author I also ignored.

I must say that I could not find the answer to the question of Bob, since the strategy in your thread, as taught by SK is one of long term trend following. But here you hit so fast and hard !

 

 

Thank you, Bob. I already did show how I do it in another thread here at TL:

 

http://www.traderslaboratory.com/forums/trading-psychology/10158-optiontimers-project.html

 

What I'd like to know is how I am showing a huge max drawdown. I did not have a losing trade this month. When I go back through my activity for the month, I see a low balance of $99,809.21. Before the contest started, I adjusted the balance from 170K +/- to 100K even. This was done before October 1, so that should not have effected the drawdown number. I had a stop loss and profit target associated with each entry order, and the only orders filled according to my activity is entry orders and take profits, so I am a bit baffled by the max drawdown number.

 

My current balance in the practive account is $115,162.13. Rather than adjust it back to 100K even, I will just use that as my starting balance for the November contest.

 

[tamag 10]

Everyone just be sure the contest you join has the November 5th start date.

 

Hi Am I too late to join the contest?

[optiontimer 10]

Hi Am I too late to join the contest?

 

Here is the link to the contest - you'll need an Oanda FxPractice account to sign up.

 

https://fx2.oanda.com/mod_perl/fxcontest/fxcontest.pl?rm=contestDetails&contestId=2505

[tamag 10]

Here is the link to the contest - you'll need an Oanda FxPractice account to sign up.

 

https://fx2.oanda.com/mod_perl/fxcontest/fxcontest.pl?rm=contestDetails&contestId=2505

 

Thank you I will sign up right away

[dwt 10]

OK, I'm in (if you'll have me).

 

How 'bout restating the rules, just for the record?

 

Thanks.

 

dwt

[Ingot54 13]

I'm in ... let's see how we go this time

[onemove 10]

Thank you Mysticfx for putting the contest together.

 

Thank you Optiontimer for the link to your thread and Kroll's book.

[Mysticforex 13]

Hi Am I too late to join the contest?

 

 

You are in Tamag

 

So far we have 12 entries, the most yet.

[nicoacademia 10]

You are in Tamag

 

So far we have 12 entries, the most yet.

 

just jumped in. didnt notice the change.

[bobcollett 10]

Hi Nic

Welcome back.....bugger for punishment.

I am going to be your manager........10% commission.

Please make your usual BOLD first trade , then consult with me.

DO NOT MAKE THAT second trade before consultation.

regards

bobc

[nicoacademia 10]

Hi Nic

Welcome back.....bugger for punishment.

I am going to be your manager........10% commission.

Please make your usual BOLD first trade , then consult with me.

DO NOT MAKE THAT second trade before consultation.

regards

bobc

 

if you knew my hobbies you'd realise i am drawn to pain.

i don't know which mind controls the finger first but they can be a hassle to hold back cause when you hold this one down another 5 try to gain control of it.

 

my plan is to try and trade smaller lot size. so its harder for me to blow up.

[bobcollett 10]

if you knew my hobbies you'd realise i am drawn to pain.

i don't know which mind controls the finger first but they can be a hassle to hold back cause when you hold this one down another 5 try to gain control of it.

 

my plan is to try and trade smaller lot size. so its harder for me to blow up.

 

Hi Nic

You have just disclosed what every trader does after blowing two accounts.Me included.

The books tell you to do this . Everybody says the same.

Trade to lose maximum 2% of your account each trade .

Do you think the Big Money has a 2% limit? PLEASE.

Trade your normal BOLD method.If you blow this account, save for the next one.

regards

bobc

[nicoacademia 10]

Hi Nic

You have just disclosed what every trader does after blowing two accounts.Me included.

The books tell you to do this . Everybody says the same.

Trade to lose maximum 2% of your account each trade .

Do you think the Big Money has a 2% limit? PLEASE.

Trade your normal BOLD method.If you blow this account, save for the next one.

regards

bobc

 

yes sir.

i hope the demons will let me off this time.

[Mysticforex 13]

yes sir.

i hope the demons will let me off this time.

 

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Your in Nico !

[tamag 10]

Everyone just be sure the contest you join has the November 5th start date.

 

Hi I have joined but cannot find any rules for the contest would you please direct me.

 

Thank you Nigel

[dwt 10]

just want to remind a small detail, you can create a subaccount which you can enable mt4:

I managed to get the account set up and enter the contest before spotting Obsidian's suggestion at post #348. Does anyone know a way to go back now and set up that MT4 sub-account without getting kicked out of the contest?

 

Also, there was a debate last month over whether to allow 20% or 30% drawdown. How was this resolved?

 

Is it drawdown from initial equity, or DD from peak? (or some other measure?)

 

Is breaking DD the only way you can be bounced from the contest

 

Thanks in advance.

 

dwt

Edited November 5, 2012 by dwt

[optiontimer 10]

I must say that I could not find the answer to the question of Bob, since the strategy in your thread, as taught by SK is one of long term trend following. But here you hit so fast and hard !

 

It is right there in the first post where I quote Kroll: "... traders who stress accuracy of trade timing, both entry and exit ..."

 

It is all in the timing ...

 

-OT

[Mysticforex 13]

I managed to get the account set up and enter the contest before spotting Obsidian's suggestion at post #348. Does anyone know a way to go back now and set up that MT4 sub-account without getting kicked out of the contest?

 

Also, there was a debate last month over whether to allow 20% or 30% drawdown. How was this resolved?

 

Is it drawdown from initial equity, or DD from peak? (or some other measure?)

 

Is breaking DD the only way you can be bounced from the contest

 

Thanks in advance.

 

dwt

 

 

If the sub acct has a different digit in it, it will not be accepted. The Enrollment period is over.

[dwt 10]

If the sub acct has a different digit in it, it will not be accepted. The Enrollment period is over.

No worries. I'll stick with what I have.

 

Thanks.

 

dwt

[kuokam 10]

I will re read the whole thing then.

Thank you

 

It is right there in the first post where I quote Kroll: "... traders who stress accuracy of trade timing, both entry and exit ..."

 

It is all in the timing ...

 

-OT

[Obsidian 10]

...Is breaking DD the only way you can be bounced from the contest...

 

and don't add/subtract funds during the contest

[Mysticforex 13]

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way to go ingot !