Moderator
Veteran Member
Posts:194
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| 31 Oct 2008 05:15 PM |
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We are starting a new contest Sunday on market open. This will be exciting and we are reviewing new rules to eliminate any advantages certain trading styles have when trading a demo account, also potential requirements that would impose healthy risk management. We will send an email to all participants with updates.
Have a great weekend!
November Contest
| Prizes |
1st Place: $750 ($250 Cash + $500 @ iTradeFX account)
2nd Place: $375 ($125 Cash + $250 @ iTradeFX account)
3rd Place: $175 ($75 Cash + $100 @ iTradeFX account)
4th-6th Place: $40 ($20 Cash + $20 iTradeFX account)
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Start Date
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Start: Sunday November 2nd at market open
End: End of November
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Account Type
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Demo Account
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Host Broker
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i-TradeFX.com |
| Rules |
1) Contestants with a drawdown above 15% will be be disqualified.
2) Your average gain in pips must be at least 10 pips per trade.
3) Demo trading styles that may not execute similarly on a live account are not allowed.
4) News sniping is not allowed.
5) We reserve the right to disqualify contestants for any reason. |
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| Tags: Forex, contests, trading contests |
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sailendra
New Member
Posts:21
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| 01 Nov 2008 03:21 AM |
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Hi
can someone tell me how to login in to metatrader platform for nov contest?
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Shane
New Member
Posts:3
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| 02 Nov 2008 08:27 PM |
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Hi,
The contest has started (and I have made trades already) but there are no rules available!
Hypothetically speaking - What happens if a rule is broken before it is announced? |
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Moderator
Staff
Veteran Member
Posts:397
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| 02 Nov 2008 08:59 PM |
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Shane, sorry for the delay as it took us longer to get off the ground today than expected.
Here are the rules for this contest, we will be emailing them out as well: (If you broke one in the last few hours we will look the other way)
1) Contestants with a drawdown above 15% will be be disqualified.
2) Your average gain in pips must be at least 10 pips per trade.
3) Demo trading styles that may not execute similarly on a live account are not allowed.
4) News sniping is not allowed.
5) We reserve the right to disqualify contestants for any reason.
Other Information
1) Cash prizes are awarded by ForexRazor via wire, check, or paypal.
2) Host Broker Prizes are awarded by iTradeFX.com and must meet minimum
trading volume requirements of 6 lots per $100 prior to withdrawal. iTradeFX account must be opened with a minimum of $300.
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Moderator
Staff
Veteran Member
Posts:397
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| 02 Nov 2008 09:02 PM |
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Posted By sailendra on 01 Nov 2008 03:21 AM
Hi
can someone tell me how to login in to metatrader platform for nov contest?
Hi Sailendra, did you get an email from ITrade giving you your username and password for the demo account after you registered? |
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Shane
New Member
Posts:3
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| 02 Nov 2008 09:35 PM |
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Posted By Moderator on 02 Nov 2008 08:59 PM
2) Your average gain in pips must be at least 10 pips per trade.
Thanks :) I don't understand why you have this rule, but no matter. Is it going to be enforced at regular intervals or only at the end of the contest? cheers |
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Moderator
Staff
Veteran Member
Posts:397
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| 02 Nov 2008 09:53 PM |
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Shane,
It will only be enforced at the end of the contest if you are one of the six winners. I am sure it does seem peculiar but there is a very good reason for this rule. If you want to know more pm me.
Happy Trading!
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sailendra
New Member
Posts:21
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| 02 Nov 2008 11:10 PM |
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Hi
yes i received my login id and password but not be able to download metatrader platform for itfxtrade....kindly help me
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ksat
New Member
Posts:1
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| 02 Nov 2008 11:13 PM |
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Hi,
I received the mail fromITrade and got username and password for the demo and I would like to get into the competition but... what I have to put into the window related to account size? I do not find info on this in the rules. One more: the mail from ITrade came days ago and states that the demo last 30 days... since I receive the mail or starting together with the contest? |
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Shane
New Member
Posts:3
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| 03 Nov 2008 01:06 AM |
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Got your pm Jason and I understand now. It's a shame for the scalpers, but absolutely neccessary for a fair contest. Thanks for explaining  |
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arthcub
New Member
Posts:10
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| 03 Nov 2008 07:38 AM |
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I never received a username and password for the November contest? How do I obtain this information?
Also, when will the prize money for October's contest be awarded?
Thanks. |
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rlicuanan
New Member
Posts:5
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| 03 Nov 2008 09:18 AM |
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Please confirm. Is the MT4 being used in the trading contest build 217? I am using Vista Ultimate 64-bit and it keeps on crashing. Does anyone have the latest build 218? |
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misterforex
New Member
Posts:1
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| 03 Nov 2008 10:06 AM |
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It took me some time to get used to the platform.
I am still getting used to trading. Just learned what different types of orders mean.
I do not think I have a chance to win the contest. Anyway, it is fun to learn on fake money. |
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MJ
Staff
Veteran Member
Posts:347
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| 03 Nov 2008 10:22 AM |
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Posted By sailendra on 02 Nov 2008 11:10 PM
Hi
yes i received my login id and password but not be able to download metatrader platform for itfxtrade....kindly help me
Download
the contest software here.
If you continue to have problems, you may email support@forexrazor.com |
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MJ
Staff
Veteran Member
Posts:347
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| 03 Nov 2008 10:43 AM |
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Posted By arthcub on 03 Nov 2008 07:38 AM
I never received a username and password for the November contest? How do I obtain this information?
Also, when will the prize money for October's contest be awarded?
Thanks.
You are registered in the Nov contest. Check your junk email folder, as your username and password email may be there. Also, I will have iTradeFx resend the info. Winners of the Oct contest will receive an email shortly with award information. |
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MJ
Staff
Veteran Member
Posts:347
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| 03 Nov 2008 10:54 AM |
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Posted By rlicuanan on 03 Nov 2008 09:18 AM
Please confirm. Is the MT4 being used in the trading contest build 217? I am using Vista Ultimate 64-bit and it keeps on crashing. Does anyone have the latest build 218?
Unfortunately, there are some problems with the contest software running on Vista. If you call iTradeFx support at 1-800-842-6061, they will work with you to resolve the issue. If you continue to have a problem, notify us at support@forexrazor.com. |
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MJ
Staff
Veteran Member
Posts:347
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| 03 Nov 2008 11:31 AM |
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Posted By ksat on 02 Nov 2008 11:13 PM
Hi,
I received the mail fromITrade and got username and password for the demo and I would like to get into the competition but... what I have to put into the window related to account size? I do not find info on this in the rules. One more: the mail from ITrade came days ago and states that the demo last 30 days... since I receive the mail or starting together with the contest?
Though the i-Trade Fx MT4 demo account and contest both use the same software, they do not have the same username (ie, account#) and password. You must register separately for each. You are registered for the Nov contest and you should have received an email from iTradeFx with your username and password. For the contest, you do not have to put anything in the "Account Size" window; in fact, you may bypass entering all the information asked for by clicking "Cancel" at the bottom of the entry window.
All the November contest accounts were reset to $10,000 when the contest began. The software will not expire until after the contest ends. |
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ryde0rdie2000
New Member
Posts:3
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| 03 Nov 2008 11:32 AM |
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Why is it this platform closes my trades when no stop loss is set and i didnt close them manually.? and yes i still had over a 100% margin at the time |
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rlicuanan
New Member
Posts:5
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| 03 Nov 2008 12:08 PM |
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Is this really a demo account? Coz I am used to seeing Demo Account on MT4s. But the one being used for the contest does not say it. |
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MJ
Staff
Veteran Member
Posts:347
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| 03 Nov 2008 02:06 PM |
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Posted By ryde0rdie2000 on 03 Nov 2008 11:32 AM
Why is it this platform closes my trades when no stop loss is set and i didnt close them manually.? and yes i still had over a 100% margin at the time
One of the contest rules states that you may not have a drawndown in excess of 15%, and you exceded that. |
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