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Forum Contest is now over
November 08 iTradeFX Trading Contest
Last Post 25 Oct 2010 06:04 AM by AllenMass. 79 Replies.
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MJ
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Posts:347
MJ
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27 Nov 2008 12:29 AM  
Here are the rankings for the November Trading Contest as of 12:05 am eastern time Thursday, 11-27-08. Sorry for the late post:

DisplayName Balance UnrealizedP/L Equity
arthcub 250,590.00 0.00 250,590.00
mike_L 101,149.23 0.00 101,149.23
Silver 26,707.05 0.00 26,707.05
lacofrazor 23,275.05 0.00 23,275.05
nirwan 25,834.15 -3,648.00 22,186.15
Phams0 17,578.00 0.00 17,578.00
lazyegg 16,728.15 0.00 16,728.15
nak71 16,277.65 -336.56 15,941.09
DejanVoncina 13,783.32 0.00 13,783.32
Goldenfx 11,701.60 0.00 11,701.60
hytten 11,087.04 0.00 11,087.04
ryko 10,270.80 70.00 10,340.80
wAGOIL 10,187.93 0.00 10,187.93
azli 10,141.64 0.00 10,141.64
profy60 10,433.00 -350.62 10,082.38
lenny 10,065.40 0.00 10,065.40
aggy1965 10,000.00 0.00 10,000.00
arief amri 10,000.00 0.00 10,000.00
arny70 10,000.00 0.00 10,000.00
Blazer 10,000.00 0.00 10,000.00
bogisaha 10,000.00 0.00 10,000.00
brok75 10,000.00 0.00 10,000.00
deco 10,000.00 0.00 10,000.00
DutchPatrick 10,000.00 0.00 10,000.00
fxgold 10,000.00 0.00 10,000.00
Hairmy 10,000.00 0.00 10,000.00
hanifsan 10,000.00 0.00 10,000.00
Hojofx 10,000.00 0.00 10,000.00
ilmuwan 10,000.00 0.00 10,000.00
kalax 10,000.00 0.00 10,000.00
kodflakes 10,000.00 0.00 10,000.00
ksat 10,000.00 0.00 10,000.00
lookout125 10,000.00 0.00 10,000.00
marcopolo 10,000.00 0.00 10,000.00
masendare 10,000.00 0.00 10,000.00
mcphrant 10,000.00 0.00 10,000.00
mhayaj 10,000.00 0.00 10,000.00
Mike 10,000.00 0.00 10,000.00
Miketroy 10,000.00 0.00 10,000.00
mucias 10,000.00 0.00 10,000.00
OrangeTrader 10,000.00 0.00 10,000.00
OzWizard 10,000.00 0.00 10,000.00
piotrczyz 10,000.00 0.00 10,000.00
rainbow_catcher 10,000.00 0.00 10,000.00
rami 10,000.00 0.00 10,000.00
ramy 10,000.00 0.00 10,000.00
rico 10,000.00 0.00 10,000.00
sulu 10,000.00 0.00 10,000.00
svetljaxok 10,000.00 0.00 10,000.00
swooshno5 10,000.00 0.00 10,000.00
Tariq 10,000.00 0.00 10,000.00
triggah.takenashi 10,000.00 0.00 10,000.00
Xis 10,000.00 0.00 10,000.00
luke 9,245.92 0.00 9,245.92
Harun Pribadi 8,681.08 0.00 8,681.08
pip_by_pip 8,543.84 0.00 8,543.84
MJ
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Posts:347
MJ
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27 Nov 2008 05:58 PM  
Here are the rankings for the November Trading Contest as of 4:40pm Eastern time Thursday, 11-27-08:

DisplayName Balance UnrealizedP/L Equity
arthcub 250,590.00 0.00 250,590.00
mike_L 101,149.23 0.00 101,149.23
Silver 26,707.05 0.00 26,707.05
lacofrazor 23,275.05 0.00 23,275.05
nirwan 25,834.15 -4,768.00 21,066.15
Phams0 18,128.00 0.00 18,128.00
lazyegg 16,728.15 0.00 16,728.15
nak71 16,277.65 -822.06 15,455.59
DejanVoncina 13,783.32 0.00 13,783.32
Goldenfx 11,618.61 -9.44 11,609.17
hytten 11,087.04 0.00 11,087.04
ryko 10,270.80 42.00 10,312.80
wAGOIL 10,187.93 0.00 10,187.93
azli 10,141.64 0.00 10,141.64
profy60 10,433.00 -319.13 10,113.87
lenny 10,065.40 0.00 10,065.40
aggy1965 10,000.00 0.00 10,000.00
arief amri 10,000.00 0.00 10,000.00
arny70 10,000.00 0.00 10,000.00
Blazer 10,000.00 0.00 10,000.00
bogisaha 10,000.00 0.00 10,000.00
brok75 10,000.00 0.00 10,000.00
deco 10,000.00 0.00 10,000.00
DutchPatrick 10,000.00 0.00 10,000.00
fxgold 10,000.00 0.00 10,000.00
Hairmy 10,000.00 0.00 10,000.00
hanifsan 10,000.00 0.00 10,000.00
Hojofx 10,000.00 0.00 10,000.00
ilmuwan 10,000.00 0.00 10,000.00
kalax 10,000.00 0.00 10,000.00
kodflakes 10,000.00 0.00 10,000.00
ksat 10,000.00 0.00 10,000.00
lookout125 10,000.00 0.00 10,000.00
marcopolo 10,000.00 0.00 10,000.00
masendare 10,000.00 0.00 10,000.00
mcphrant 10,000.00 0.00 10,000.00
mhayaj 10,000.00 0.00 10,000.00
Mike 10,000.00 0.00 10,000.00
Miketroy 10,000.00 0.00 10,000.00
mucias 10,000.00 0.00 10,000.00
OrangeTrader 10,000.00 0.00 10,000.00
OzWizard 10,000.00 0.00 10,000.00
piotrczyz 10,000.00 0.00 10,000.00
rainbow_catcher 10,000.00 0.00 10,000.00
rami 10,000.00 0.00 10,000.00
ramy 10,000.00 0.00 10,000.00
rico 10,000.00 0.00 10,000.00
sulu 10,000.00 0.00 10,000.00
svetljaxok 10,000.00 0.00 10,000.00
swooshno5 10,000.00 0.00 10,000.00
Tariq 10,000.00 0.00 10,000.00
triggah.takenashi 10,000.00 0.00 10,000.00
Xis 10,000.00 0.00 10,000.00
luke 9,245.92 0.00 9,245.92
Harun Pribadi 8,681.08 0.00 8,681.08
pip_by_pip 8,543.84 0.00 8,543.84
MJ
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Posts:347
MJ
--
01 Dec 2008 12:54 PM  
Hello December Trading Contestants,

There have been multiple posts here on the forum regarding contestant login and trading problems. We apologize for any inconvenience these problems have caused our members. Unfortunately, re-registering for the contest will not solve the problems.

The December Trading contest is jointly hosted by Forexrazor and iTradeFx, using iTradeFx's MetaTrader platform. We have been in contact with iTradeFx this morning. They are aware of the problems, but unfortunately, due to the holidays, these issues will not be resolved until tomorrow at the earliest. iTradeFx asks for your patience and understanding as these issues are being resolved.

We will keep all contestants updated via posts here, as iTradeFx updates us.
Moderator
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Posts:194
Moderator
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02 Dec 2008 04:09 PM  
Thank You to all who participated in the November contest.  After searching through all trading records to ensure accordance with our contest policies we have named the following individuals as winners of the November contest.  Winners will be contacted by email and must provide information allowing us to issue their cash payments within 30 days.  Account equity prizes are issued by i-tradefx.com and winners must open an account for that.

Congratulations!

WINNERS:
  1. Silver
  2. lacofrazor
  3. lazyegg
  4. naka171
  5. DejanVoncina
  6. Goldenfx
ezra
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Posts:30
ezra
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02 Dec 2008 09:30 PM  
i did not get, how silver won? i see his equity lower than mike, how calculate it?
Moderator
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Posts:194
Moderator
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03 Dec 2008 09:29 AM  
Hi Ezra, one of the rules stated at the beginning of the contest is that trades must execute similarly on a live account.  This is a policy we have adopted because of flaws in demo execution which can lead to certain individuals having significant advantages because of their trading style.  It does not mean that people have cheated, just that in our opinion there is a reasonable probability that trades may not have been possible on a live account.  This is totally subjective and unfortunately is the only way to do this given current trading platform etc.  There is no hard and fast rule we can make to completely eliminate benefits one may receive from certain types of trading, therefore we must rely on an experienced trader going through trading records and looking for certain anomalies.  The recommendation here is to not trade a strategy which relies on or incorporates scalping, sniping etc (in other words short time frames reliant systems).

The alternative, of course, is to make the contests similar to most other contests on the net and only allow participants to trade their live accounts.  We feel this is not a good option because it is simply a ploy used by firms to increase trading volume and brokerage/IB profits, and more importantly encourages poor trading habits and losses.  On the other hand, there may be a place at some point for such a contest in the future, if it is in addition to the demo contest.
arthcub
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Posts:10
arthcub
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03 Dec 2008 10:10 AM  

I abided by the rules established for the contest, but somehow I was disqualified.  My average trade was greater than 10 pips, and most of my trades lasted longer than 2 minutes.  I'm very dissapointed in this outcome, since participating in this contest took away from my time trading my own live account.  It seems to me that day traders are not welcome in this contest.

Here is my account statement for this contest.

Statement: 503360 - Name Removed
i-Trade FX, LLC

Account: 503360 Name: Name Removed Currency: USD 2008 December 3, 09:57
Closed Transactions:
TicketOpen TimeTypeSizeItem PriceS / LT / PClose Time PriceCommissionTaxesSwapProfit
7730742008.11.02 17:52balanceTrades taken before contest-3 527.00
7745782008.11.03 16:41buy50.00eurusd1.26390.00000.00002008.11.03 16:461.26250.000.000.00-700.00
7745812008.11.03 16:51buy30.00eurusd1.26310.00000.00002008.11.03 16:581.26430.000.000.00360.00
7745822008.11.03 16:52sell30.00eurusd1.26340.00000.00002008.11.03 16:591.26420.000.000.00-240.00
7745932008.11.03 17:01sell30.00eurusd1.26430.00000.00002008.11.03 17:051.26320.000.000.00330.00
7746082008.11.03 17:02buy30.00eurusd1.26410.00000.00002008.11.03 17:051.26280.000.000.00-390.00
7746122008.11.03 17:08buy30.00eurusd1.26260.00000.00002008.11.03 17:091.26220.000.000.00-120.00
7746152008.11.03 17:11sell30.00eurusd1.26150.00000.00002008.11.03 17:141.26050.000.000.00300.00
7746192008.11.03 17:12buy30.00eurusd1.26010.00000.00002008.11.03 17:151.26050.000.000.00120.00
7746282008.11.03 17:17buy30.00eurusd1.26130.00000.00002008.11.03 17:191.26270.000.000.00420.00
7746292008.11.03 17:17sell30.00eurusd1.26180.00000.00002008.11.03 17:201.26280.000.000.00-300.00
7746332008.11.03 17:21sell30.00eurusd1.26200.00000.00002008.11.03 17:441.26080.000.000.00360.00
7746342008.11.03 17:21buy30.00eurusd1.26170.00000.00002008.11.03 17:441.26110.000.000.00-180.00
7746392008.11.03 17:44sell30.00eurusd1.26020.00000.00002008.11.03 17:461.26060.000.000.00-120.00
7746412008.11.03 17:52sell30.00eurusd1.25970.00000.00002008.11.03 17:531.25820.000.000.00450.00
7746472008.11.03 17:55buy30.00eurusd1.25760.00000.00002008.11.03 18:001.25890.000.000.00390.00
7746452008.11.03 17:55sell30.00eurusd1.25760.00000.00002008.11.03 18:011.25940.000.000.00-540.00
7746512008.11.03 18:02buy30.00eurusd1.25960.00000.00002008.11.03 19:281.26340.000.000.001 140.00
7746522008.11.03 18:02sell30.00eurusd1.26000.00000.00002008.11.03 19:281.26320.000.000.00-960.00
7747462008.11.03 20:25sell30.00eurusd1.25680.00000.00002008.11.03 20:261.25580.000.000.00300.00
7747562008.11.03 20:28buy30.00eurusd1.25580.00000.00002008.11.03 20:401.25780.000.000.00600.00
7747552008.11.03 20:27sell30.00eurusd1.25580.00000.00002008.11.03 20:411.25780.000.000.00-600.00
7747722008.11.03 20:41buy30.00eurusd1.25800.00000.00002008.11.03 21:001.26120.000.000.00960.00
7747732008.11.03 20:41sell30.00eurusd1.25820.00000.00002008.11.03 21:011.26140.000.000.00-960.00
7748292008.11.03 21:03sell30.00eurusd1.26040.00000.00002008.11.03 21:061.26130.000.000.00-270.00
7748302008.11.03 21:03buy30.00eurusd1.26040.00000.00002008.11.03 21:071.26160.000.000.00360.00
7748532008.11.03 21:18buy30.00eurusd1.26360.00000.00002008.11.03 21:221.26200.000.000.00-480.00
7748562008.11.03 21:18sell30.00eurusd1.26370.00000.00002008.11.03 21:231.26180.000.000.00570.00
7748652008.11.03 21:23sell30.00eurusd1.26200.00000.00002008.11.03 21:311.26300.000.000.00-300.00
7748662008.11.03 21:23buy30.00eurusd1.26220.00000.00002008.11.03 21:331.26320.000.000.00300.00
7748782008.11.03 21:34sell30.00eurusd1.26230.00000.00002008.11.03 21:351.26260.000.000.00-90.00
7748812008.11.03 21:37sell30.00eurusd1.26220.00000.00002008.11.03 21:371.26180.000.000.00120.00
7748862008.11.03 21:40buy30.00eurusd1.26090.00000.00002008.11.03 21:491.25930.000.000.00-480.00
7748842008.11.03 21:39sell30.00eurusd1.26090.00000.00002008.11.03 21:501.25930.000.000.00480.00
7749112008.11.03 21:58buy30.00eurusd1.25920.00000.00002008.11.03 22:171.25770.000.000.00-450.00
7749062008.11.03 21:55sell30.00eurusd1.25920.00000.00002008.11.03 22:181.25780.000.000.00420.00
7749422008.11.03 22:20sell30.00eurusd1.25720.00000.00002008.11.03 22:201.25680.000.000.00120.00
7749492008.11.03 22:23sell30.00eurusd1.25650.00000.00002008.11.03 22:261.25690.000.000.00-120.00
7758662008.11.04 09:00sell30.00eurusd1.28210.00000.00002008.11.04 09:021.28280.000.000.00-210.00
7758652008.11.04 09:00buy30.00eurusd1.28170.00000.00002008.11.04 09:021.28290.000.000.00360.00
7758862008.11.04 09:19buy30.00eurusd1.28330.00000.00002008.11.04 09:191.28330.000.000.000.00
7758922008.11.04 09:21sell30.00eurusd1.28340.00000.00002008.11.04 09:341.28470.000.000.00-390.00
7758892008.11.04 09:19buy30.00eurusd1.28350.00000.00002008.11.04 09:351.28490.000.000.00420.00
7759032008.11.04 09:35sell30.00eurusd1.28450.00000.00002008.11.04 09:391.28660.000.000.00-630.00
7759042008.11.04 09:36buy30.00eurusd1.28440.00000.00002008.11.04 09:411.28640.000.000.00600.00
7759172008.11.04 09:42buy30.00eurusd1.28690.00000.00002008.11.04 09:421.28720.000.000.0090.00
7759212008.11.04 09:44sell30.00eurusd1.28780.00000.00002008.11.04 09:451.28890.000.000.00-330.00
7759192008.11.04 09:43buy30.00eurusd1.28750.00000.00002008.11.04 09:461.28850.000.000.00300.00
7759312008.11.04 09:46sell30.00eurusd1.28820.00000.00002008.11.04 09:461.28880.000.000.00-180.00
7759322008.11.04 09:48buy30.00eurusd1.28830.00000.00002008.11.04 09:481.28800.000.000.00-90.00
7759382008.11.04 09:51buy30.00eurusd1.28860.00000.00002008.11.04 09:511.28820.000.000.00-120.00
7759482008.11.04 09:54sell30.00eurusd1.28730.00000.00002008.11.04 09:551.28670.000.000.00180.00
7759582008.11.04 10:00buy30.00eurusd1.28580.00000.00002008.11.04 10:031.28440.000.000.00-420.00
7759572008.11.04 09:59sell30.00eurusd1.28580.00000.00002008.11.04 10:031.28400.000.000.00540.00
7759792008.11.04 10:10sell30.00eurusd1.28680.00000.00002008.11.04 10:121.28760.000.000.00-240.00
7759762008.11.04 10:09buy30.00eurusd1.28620.00000.00002008.11.04 10:131.28740.000.000.00360.00
7776232008.11.05 09:02sell30.00eurusd1.28920.00000.00002008.11.05 09:041.29000.000.000.00-240.00
7776222008.11.05 09:01buy30.00eurusd1.28890.00000.00002008.11.05 09:051.29040.000.000.00450.00
7776312008.11.05 09:06sell30.00eurusd1.28990.00000.00002008.11.05 09:181.28830.000.000.00480.00
7776302008.11.05 09:06buy30.00eurusd1.29030.00000.00002008.11.05 09:181.28820.000.000.00-630.00
7776522008.11.05 09:20buy30.00eurusd1.28830.00000.00002008.11.05 09:201.28930.000.000.00300.00
7776542008.11.05 09:22sell30.00eurusd1.28990.00000.00002008.11.05 09:271.29130.000.000.00-420.00
7776532008.11.05 09:22buy30.00eurusd1.28960.00000.00002008.11.05 09:271.29130.000.000.00510.00
7776612008.11.05 09:29sell30.00eurusd1.29210.00000.00002008.11.05 09:391.29270.000.000.00-180.00
7776592008.11.05 09:27buy30.00eurusd1.29150.00000.00002008.11.05 09:391.29320.000.000.00510.00
7776782008.11.05 09:40sell30.00eurusd1.29220.00000.00002008.11.05 09:401.29230.000.000.00-30.00
7776792008.11.05 09:40sell30.00eurusd1.29220.00000.00002008.11.05 09:411.29180.000.000.00120.00
7777202008.11.05 10:04sell30.00eurusd1.29700.00000.00002008.11.05 10:081.29710.000.000.00-30.00
7777182008.11.05 10:04buy30.00eurusd1.29690.00000.00002008.11.05 10:081.29770.000.000.00240.00
7777312008.11.05 10:08buy30.00eurusd1.29820.00000.00002008.11.05 10:091.29950.000.000.00390.00
7777342008.11.05 10:09buy30.00eurusd1.29970.00000.00002008.11.05 10:091.30070.000.000.00300.00
7777362008.11.05 10:09buy30.00eurusd1.30070.00000.00002008.11.05 10:281.30890.000.000.002 460.00
7777382008.11.05 10:10sell30.00eurusd1.30110.00000.00002008.11.05 10:281.30890.000.000.00-2 340.00
7777642008.11.05 10:28buy30.00eurusd1.30940.00000.00002008.11.05 10:291.30930.000.000.00-30.00
7777662008.11.05 10:29buy30.00eurusd1.30880.00000.00002008.11.05 10:301.31010.000.000.00390.00
7777672008.11.05 10:30buy40.00eurusd1.31030.00000.00002008.11.05 10:301.31130.000.000.00400.00
7795042008.11.06 09:18sell40.00eurusd1.27680.00000.00002008.11.06 09:181.27720.000.000.00-160.00
7795072008.11.06 09:18sell40.00eurusd1.27800.00000.00002008.11.06 09:221.27920.000.000.00-480.00
7795052008.11.06 09:18buy40.00eurusd1.27760.00000.00002008.11.06 09:221.27970.000.000.00840.00
7795152008.11.06 09:25sell40.00eurusd1.27830.00000.00002008.11.06 09:301.28200.000.000.00-1 480.00
7795162008.11.06 09:25buy40.00eurusd1.27790.00000.00002008.11.06 09:301.28230.000.000.001 760.00
7885052008.11.13 07:31buy100.00eurusd1.25780.00000.00002008.11.13 07:341.25680.000.000.00-1 000.00
7885122008.11.13 07:35sell100.00eurusd1.25580.00000.00002008.11.13 07:361.25440.000.000.001 400.00
7885202008.11.13 07:37sell100.00eurusd1.25510.00000.00002008.11.13 07:411.25380.000.000.001 300.00
7885172008.11.13 07:36buy100.00eurusd1.25450.00000.00002008.11.13 07:411.25410.000.000.00-400.00
7885362008.11.13 07:45buy115.00eurusd1.25400.00000.00002008.11.13 07:521.25270.000.000.00-1 495.00
7885352008.11.13 07:44sell115.00eurusd1.25360.00000.00002008.11.13 07:531.25210.000.000.001 725.00
7885522008.11.13 07:53sell115.00eurusd1.25190.00000.00002008.11.13 07:581.25290.000.000.00-1 150.00
7885542008.11.13 07:54buy115.00eurusd1.25160.00000.00002008.11.13 07:591.25320.000.000.001 840.00
7885642008.11.13 07:59buy150.00eurusd1.25230.00000.00002008.11.13 08:091.25050.000.000.00-2 700.00
7885632008.11.13 07:59sell150.00eurusd1.25260.00000.00002008.11.13 08:091.25070.000.000.002 850.00
7885902008.11.13 08:10buy150.00eurusd1.25150.00000.00002008.11.13 08:101.25160.000.000.00150.00
7886032008.11.13 08:12sell150.00eurusd1.25230.00000.00002008.11.13 08:201.25160.000.000.001 050.00
7885962008.11.13 08:12buy150.00eurusd1.25150.00000.00002008.11.13 08:201.25160.000.000.00150.00
7886262008.11.13 08:21sell150.00eurusd1.25120.00000.00002008.11.13 08:211.25160.000.000.00-600.00
7886272008.11.13 08:21buy150.00eurusd1.25190.00000.00002008.11.13 08:221.25190.000.000.000.00
7886292008.11.13 08:22buy150.00eurusd1.25210.00000.00002008.11.13 08:221.25210.000.000.000.00
7886322008.11.13 08:22sell150.00eurusd1.25210.00000.00002008.11.13 08:231.25220.000.000.00-150.00
7886332008.11.13 08:23sell150.00eurusd1.25250.00000.00002008.11.13 08:231.25250.000.000.000.00
7886372008.11.13 08:24buy150.00eurusd1.25280.00000.00002008.11.13 08:241.25280.000.000.000.00
7886392008.11.13 08:24sell150.00eurusd1.25260.00000.00002008.11.13 08:241.25270.000.000.00-150.00
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7886482008.11.13 08:30sell150.00eurusd1.25060.00000.00002008.11.13 08:301.25080.000.000.00-300.00
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7887252008.11.13 08:55sell150.00eurusd1.25010.00000.00002008.11.13 08:551.24990.000.000.00300.00
7887282008.11.13 08:56sell150.00eurusd1.25000.00000.00002008.11.13 08:571.24880.000.000.001 800.00
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7888262008.11.13 09:33buy200.00eurusd1.25400.00000.00002008.11.13 09:331.25380.000.000.00-400.00
7888282008.11.13 09:34sell200.00eurusd1.25350.00000.00002008.11.13 09:341.25350.000.000.000.00
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7889252008.11.13 09:56buy200.00eurusd1.25060.00000.00002008.11.13 09:571.25070.000.000.00200.00
7889262008.11.13 09:58sell200.00eurusd1.25020.00000.00002008.11.13 09:581.25020.000.000.000.00
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7889272008.11.13 09:58sell200.00eurusd1.25050.00000.00002008.11.13 10:001.24930.000.000.002 400.00
7889302008.11.13 10:01sell200.00eurusd1.24940.00000.00002008.11.13 10:011.24980.000.000.00-800.00
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7889392008.11.13 10:03buy200.00eurusd1.25090.00000.00002008.11.13 10:111.25230.000.000.002 800.00
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7889662008.11.13 10:15sell200.00eurusd1.25460.00000.00002008.11.13 11:401.25370.000.000.001 800.00
7889672008.11.13 10:16buy200.00eurusd1.25400.00000.00002008.11.13 11:401.25370.000.000.00-600.00
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7904142008.11.14 07:34buy200.00eurusd1.26810.00000.00002008.11.14 07:351.26820.000.000.00200.00
7904182008.11.14 07:35sell200.00eurusd1.26810.00000.00002008.11.14 07:361.26810.000.000.000.00
7904202008.11.14 07:36buy200.00eurusd1.26810.00000.00002008.11.14 07:371.26810.000.000.000.00
7904282008.11.14 07:39sell300.00eurusd1.26890.00000.00002008.11.14 07:521.27100.000.000.00-6 300.00
7904242008.11.14 07:38buy300.00eurusd1.26850.00000.00002008.11.14 07:521.27110.000.000.007 800.00
7904882008.11.14 07:53sell300.00eurusd1.27080.00000.00002008.11.14 07:531.27080.000.000.000.00
7904912008.11.14 07:53buy300.00eurusd1.27090.00000.00002008.11.14 07:531.27080.000.000.00-300.00
7904942008.11.14 07:54sell300.00eurusd1.27060.00000.00002008.11.14 07:541.27060.000.000.000.00
7905012008.11.14 07:55buy300.00eurusd1.27060.00000.00002008.11.14 08:011.27020.000.000.00-1 200.00
7905042008.11.14 07:57sell300.00eurusd1.27110.00000.00002008.11.14 08:021.26990.000.000.003 600.00
7905232008.11.14 08:03buy350.00eurusd1.26960.00000.00002008.11.14 08:061.26900.000.000.00-2 100.00
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7905362008.11.14 08:07sell350.00eurusd1.26820.00000.00002008.11.14 08:071.26830.000.000.00-350.00
7905382008.11.14 08:07buy350.00eurusd1.26830.00000.00002008.11.14 08:071.26910.000.000.002 800.00
7905462008.11.14 08:09buy400.00eurusd1.26850.00000.00002008.11.14 08:101.26860.000.000.00400.00
7905502008.11.14 08:10buy400.00eurusd1.26900.00000.00002008.11.14 08:111.26900.000.000.000.00
7905552008.11.14 08:12sell400.00eurusd1.26880.00000.00002008.11.14 08:121.26780.000.000.004 000.00
7905592008.11.14 08:12buy400.00eurusd1.26730.00000.00002008.11.14 08:191.26690.000.000.00-1 600.00
7905562008.11.14 08:12sell400.00eurusd1.26760.00000.00002008.11.14 08:191.26570.000.000.007 600.00
7920222008.11.17 08:02buy500.00eurusd1.26480.00000.00002008.11.17 08:081.26630.000.000.007 500.00
7920242008.11.17 08:02sell500.00eurusd1.26490.00000.00002008.11.17 08:091.26610.000.000.00-6 000.00
7920342008.11.17 08:10sell500.00eurusd1.26650.00000.00002008.11.17 08:201.26560.000.000.004 500.00
7920322008.11.17 08:10buy500.00eurusd1.26600.00000.00002008.11.17 08:211.26530.000.000.00-3 500.00
7920462008.11.17 08:22sell500.00eurusd1.26600.00000.00002008.11.17 08:461.26470.000.000.006 500.00
7920452008.11.17 08:22buy500.00eurusd1.26570.00000.00002008.11.17 08:461.26470.000.000.00-5 000.00
7920802008.11.17 08:46buy500.00eurusd1.26500.00000.00002008.11.17 08:471.26500.000.000.000.00
7921012008.11.17 09:06sell550.00eurusd1.26400.00000.00002008.11.17 09:121.26540.000.000.00-7 700.00
7921052008.11.17 09:06buy550.00eurusd1.26350.00000.00002008.11.17 09:121.26600.000.000.0013 750.00
7921192008.11.17 09:13buy550.00eurusd1.26660.00000.00002008.11.17 09:131.26620.000.000.00-2 200.00
7921232008.11.17 09:14sell600.00eurusd1.26580.00000.00002008.11.17 09:161.26680.000.000.00-6 000.00
7921252008.11.17 09:14buy600.00eurusd1.26550.00000.00002008.11.17 09:161.26700.000.000.009 000.00
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7921352008.11.17 09:19sell600.00eurusd1.26630.00000.00002008.11.17 09:201.26610.000.000.001 200.00
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7921432008.11.17 09:23sell600.00eurusd1.26730.00000.00002008.11.17 09:271.26590.000.000.008 400.00
7921502008.11.17 09:28sell650.00eurusd1.26530.00000.00002008.11.17 09:281.26560.000.000.00-1 950.00
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7948162008.11.19 09:10buy1Keurusd1.26900.00000.00002008.11.19 09:111.26900.000.000.000.00
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7948272008.11.19 09:11sell1Keurusd1.27040.00000.00002008.11.19 09:121.27040.000.000.000.00
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7948732008.11.19 09:20buy1Keurusd1.27590.00000.00002008.11.19 09:201.27540.000.000.00-5 000.00
7948772008.11.19 09:20buy1Keurusd1.27520.00000.00002008.11.19 09:211.27520.000.000.000.00
7948862008.11.19 09:21sell1Keurusd1.27490.00000.00002008.11.19 09:221.27390.000.000.0010 000.00
7948922008.11.19 09:24buy1Keurusd1.27360.00000.00002008.11.19 09:261.27360.000.000.000.00
7948982008.11.19 09:27buy1Keurusd1.27400.00000.00002008.11.19 09:291.27400.000.000.000.00
7949092008.11.19 09:30buy1Keurusd1.27440.00000.00002008.11.19 09:301.27550.000.000.0011 000.00
7949142008.11.19 09:31sell1Keurusd1.27510.00000.00002008.11.19 09:311.27510.000.000.000.00
7949192008.11.19 09:31sell1Keurusd1.27510.00000.00002008.11.19 09:341.27580.000.000.00-7 000.00
7949232008.11.19 09:33buy1Keurusd1.27500.00000.00002008.11.19 09:351.27640.000.000.0014 000.00
7949272008.11.19 09:36buy1Keurusd1.27680.00000.00002008.11.19 09:371.27780.000.000.0010 000.00
7949442008.11.19 09:39sell1Keurusd1.27870.00000.00002008.11.19 09:401.28020.000.000.00-15 000.00
7949332008.11.19 09:37buy1Keurusd1.27820.00000.00002008.11.19 09:401.27950.000.000.0013 000.00
7949492008.11.19 09:41sell1Keurusd1.27940.00000.00002008.11.19 09:411.27790.000.000.0015 000.00
7949532008.11.19 09:41sell1Keurusd1.27760.00000.00002008.11.19 09:431.27760.000.000.000.00
7949612008.11.19 09:44buy1Keurusd1.27730.00000.00002008.11.19 09:471.27550.000.000.00-18 000.00
7949592008.11.19 09:43sell1Keurusd1.27760.00000.00002008.11.19 09:471.27580.000.000.0018 000.00
7949762008.11.19 09:48buy1Keurusd1.27560.00000.00002008.11.19 09:481.27560.000.000.000.00
7949782008.11.19 09:48sell1Keurusd1.27540.00000.00002008.11.19 09:491.27580.000.000.00-4 000.00
7949822008.11.19 09:49buy1Keurusd1.27600.00000.00002008.11.19 09:501.27600.000.000.000.00
7949882008.11.19 09:51sell1Keurusd1.27650.00000.00002008.11.19 09:591.27680.000.000.00-3 000.00
7949832008.11.19 09:50buy1Keurusd1.27590.00000.00002008.11.19 10:001.27720.000.000.0013 000.00
7996512008.11.20 10:29buy1Keurusd1.24960.00000.00002008.11.20 10:291.24960.000.000.000.00
7996522008.11.20 10:29buy1Keurusd1.25010.00000.00002008.11.20 10:301.24990.000.000.00-2 000.00
7996532008.11.20 10:30sell1Keurusd1.24970.00000.00002008.11.20 10:301.25010.000.000.00-4 000.00
7996572008.11.20 10:31buy1Keurusd1.25010.00000.00002008.11.20 10:311.25120.000.000.0011 000.00
7996592008.11.20 10:31buy1Keurusd1.25150.00000.00002008.11.20 10:321.25110.000.000.00-4 000.00
7996602008.11.20 10:32buy1Keurusd1.25170.00000.00002008.11.20 10:331.25260.000.000.009 000.00
7996652008.11.20 10:34buy1Keurusd1.25250.00000.00002008.11.20 10:341.25200.000.000.00-5 000.00
7996672008.11.20 10:34sell1Keurusd1.25200.00000.00002008.11.20 10:361.25070.000.000.0013 000.00
7996702008.11.20 10:36buy1Keurusd1.25100.00000.00002008.11.20 10:361.25100.000.000.000.00
7996742008.11.20 10:37buy1Keurusd1.24990.00000.00002008.11.20 10:391.24980.000.000.00-1 000.00
7996722008.11.20 10:37sell1Keurusd1.25050.00000.00002008.11.20 10:391.24920.000.000.0013 000.00
8010362008.11.21 07:43sell1Keurusd1.25820.00000.00002008.11.21 07:441.25940.000.000.00-12 000.00
8010342008.11.21 07:42buy1Keurusd1.25780.00000.00002008.11.21 07:441.25990.000.000.0021 000.00
8010382008.11.21 07:44sell1Keurusd1.25990.00000.00002008.11.21 07:451.25980.000.000.001 000.00
8010392008.11.21 07:45buy1Keurusd1.25990.00000.00002008.11.21 07:471.25960.000.000.00-3 000.00
8010482008.11.21 07:49sell1Keurusd1.26000.00000.00002008.11.21 07:531.25890.000.000.0011 000.00
8010442008.11.21 07:48buy1Keurusd1.25980.00000.00002008.11.21 07:531.25890.000.000.00-9 000.00
8010562008.11.21 07:54buy1Keurusd1.25910.00000.00002008.11.21 07:541.25890.000.000.00-2 000.00
8010572008.11.21 07:54buy1Keurusd1.25910.00000.00002008.11.21 07:551.25890.000.000.00-2 000.00
8010602008.11.21 07:57sell1Keurusd1.25900.00000.00002008.11.21 07:581.25900.000.000.000.00
8010662008.11.21 07:59sell1Keurusd1.25850.00000.00002008.11.21 08:001.25850.000.000.000.00
8010692008.11.21 08:02buy1Keurusd1.25880.00000.00002008.11.21 08:031.25890.000.000.001 000.00
8010702008.11.21 08:03buy1Keurusd1.25890.00000.00002008.11.21 08:031.25890.000.000.000.00
8010722008.11.21 08:07sell1Keurusd1.25970.00000.00002008.11.21 08:081.26010.000.000.00-4 000.00
8010712008.11.21 08:06buy1Keurusd1.25890.00000.00002008.11.21 08:081.26020.000.000.0013 000.00
  0.00 0.00 0.00 240 590.00
Closed P/L: 240 590.00
Open Trades:
TicketOpen TimeTypeSizeItem PriceS / LT / P  PriceCommissionTaxesSwapProfit
No transactions
  0.00 0.00 0.00 0.00
 Floating P/L: 0.00
Working Orders:
TicketOpen TimeTypeSizeItem PriceS / LT / PMarket Price 
No transactions
 
Summary:
Deposit/Withdrawal: -3 527.00 Credit Facility: 0.00  
Closed Trade P/L: 240 590.00 Floating P/L: 0.00 Margin: 0.00
Balance: 250 590.00 Equity: 250 590.00 Free Margin: 250 590.00
 
Details:
Graph
Gross Profit: 591 465.00 Gross Loss: 350 875.00 Total Net Profit: 240 590.00
Profit Factor: 1.69 Expected Payoff: 773.60  
Absolute Drawdown: 760.00 Maximal Drawdown: 23 800.00 (27.82%) Relative Drawdown: 27.82% (23 800.00)
 
Total Trades: 311 Short Positions (won %): 142 (52.82%) Long Positions (won %): 169 (63.31%)
Profit Trades (% of total): 182 (58.52%) Loss trades (% of total): 129 (41.48%)
Largest profit trade: 21 000.00 loss trade: -18 000.00
Average profit trade: 3 249.81 loss trade: -2 719.96
Maximum consecutive wins ($): 6 (21 000.00) consecutive losses ($): 3 (-18 900.00)
Maximal consecutive profit (count): 51 000.00 (5) consecutive loss (count): -18 900.00 (3)
Average consecutive wins: 2 consecutive losses: 1
PyeR2
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PyeR2
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05 Dec 2008 09:00 PM  
Perhaps it was due to your relative drawdown being 27.82%. I have been meaning to ask for clarification on the drawdown rule. Does the rule apply to drawdown on initial balance or new account highs? Are unrealised drawdowns counted? For example it is easily conceivable for a profitable trade to drawdown balance by 50% before going into profit, particularly when using high leverage (I think this is what is reported as relative drawdown).
arthcub
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arthcub
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07 Dec 2008 09:22 AM  
I never had drawdown of 27% of a new account high; I don't know how MT4 calculates that number, but I never even had close to 15% drawdown of my balance.
PyeR2
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PyeR2
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07 Dec 2008 09:05 PM  
I don't know. I think a relative drawdown means an open position drew the account down by this much but a loss was not necessarily taken. In other words your available margin was drawn down during a trade but the position was not closed at that time therefore your balance didn't show the drawdown - if that makes sense.
Perhaps this is incorrect, I have not traded much with MT4.
MJ
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MJ
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07 Dec 2008 10:03 PM  
Posted By PyeR2 on 05 Dec 2008 09:00 PM
Perhaps it was due to your relative drawdown being 27.82%. I have been meaning to ask for clarification on the drawdown rule. Does the rule apply to drawdown on initial balance or new account highs? Are unrealised drawdowns counted? For example it is easily conceivable for a profitable trade to drawdown balance by 50% before going into profit, particularly when using high leverage (I think this is what is reported as relative drawdown).


PyeR2,

To answer your questions:

Does the rule apply to drawdown on initial balance or new account highs?
The 15% Drawdown rule means that your account can never fall below 15% of your starting amount of $10,000, which would be $8,500. It does not apply to new highs, but DOES apply to unrealized drawdown, meaning your equity can never fall below $8,500, even during open trades.

Are unrealised drawdowns counted?
Yes.
arthcub
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arthcub
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08 Dec 2008 08:03 AM  
As one of the contestants that was disqualified, I would like an explanation of which rule(s) was broken, either here or in a PM.
ChartRider
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ChartRider
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08 Dec 2008 11:03 AM  
Posted By MJ on 07 Dec 2008 10:03 PM
PyeR2,

To answer your questions:

Does the rule apply to drawdown on initial balance or new account highs?
The 15% Drawdown rule means that your account can never fall below 15% of your starting amount of $10,000, which would be $8,500. It does not apply to new highs, but DOES apply to unrealized drawdown, meaning your equity can never fall below $8,500, even during open trades.

Are unrealised drawdowns counted?
Yes.
I have questions :

1. how about scalping ( +5minutes per position ) and i never touch drawdown 15%? is it allowed?

2. Is martingale trading method allowed?
for example my first balance is $10.000 then i open 3 position, 2 positions losses total loss $1300   and 1 get profit from my last position  $2000 so in one period trades ( 3 positions ) i get profit $700 and total balance is $10700, can i used this method to join contest? is martingale technique allowed?

waiting for your reply, thanks..

MJ
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MJ
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08 Dec 2008 02:18 PM  
Posted By ChartRider on 08 Dec 2008 11:03 AM
Posted By MJ on 07 Dec 2008 10:03 PM
PyeR2,

To answer your questions:

Does the rule apply to drawdown on initial balance or new account highs?
The 15% Drawdown rule means that your account can never fall below 15% of your starting amount of $10,000, which would be $8,500. It does not apply to new highs, but DOES apply to unrealized drawdown, meaning your equity can never fall below $8,500, even during open trades.

Are unrealised drawdowns counted?
Yes.
I have questions :

1. how about scalping ( +5minutes per position ) and i never touch drawdown 15%? is it allowed?

2. Is martingale trading method allowed?
for example my first balance is $10.000 then i open 3 position, 2 positions losses total loss $1300   and 1 get profit from my last position  $2000 so in one period trades ( 3 positions ) i get profit $700 and total balance is $10700, can i used this method to join contest? is martingale technique allowed?

waiting for your reply, thanks..


Hello Chartrider,

1. Your average gain in pips must be at least 10 pips per trade. The demo trading contest is meant to simulate actual live trading. Demo trading styles that may not execute similarly on a live account are not allowed. These include but are not limited to scalping or any other strategy having potential to exploit price feed delays and reduced slippage. Contestants identified as potentially engaging in such activity will not be eligible to win and may be disqualified from future contests depending on situation. Contestants may not be disqualified immediately upon engaging in activities for which they could be disqualified. The trading records of all winners will be reviewed at the end of the contest and if it is decided contestant has breached any Trading Rules the prize will go to the contestant in the next highest place.

2. You may trade any style you choose, as long as the contest rules are not violated.

Please see the rules posted on the first page of the "December 08 iTradeFX Trading Contest" folder, in the "Forex Trading Contests" folder in the Forum, and the rules posted http://www.forexrazor.com/Forex-Trading-Contests.aspx under the "Rules" tab.
ChartRider
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Posts:19
ChartRider
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08 Dec 2008 03:12 PM  
Thanks MJ

I think this contest is not just usual contest or practice trading and we have opportunity to get price, but the most important is practice to build money management that we know it's very important for trader specially in live account.

and yes, for me this competitions teach newbie trader like me to the next level in real account.
ok i decide to join this competition on January


Regards ChartRider,
one of thousands indonesian trader
MJ
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Posts:347
MJ
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08 Dec 2008 05:24 PM  
Thanks ChartRider,

Glad to have you with us!
MJ
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MJ
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08 Dec 2008 05:38 PM  
Posted By arthcub on 08 Dec 2008 08:03 AM
As one of the contestants that was disqualified, I would like an explanation of which rule(s) was broken, either here or in a PM.

Hi Arthcub,

We have sent you an email with the explanation. Be glad to post it here if you desire, just let us know.
nakal71
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Posts:1
nakal71
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18 Dec 2008 02:25 AM  
Posted By Moderator on 02 Dec 2008 04:09 PM
Thank You to all who participated in the November contest.  After searching through all trading records to ensure accordance with our contest policies we have named the following individuals as winners of the November contest.  Winners will be contacted by email and must provide information allowing us to issue their cash payments within 30 days.  Account equity prizes are issued by i-tradefx.com and winners must open an account for that.

Congratulations!

WINNERS:
  1. Silver
  2. lacofrazor
  3. lazyegg
  4. naka171
  5. DejanVoncina
  6. Goldenfx

I still not receive my winning prize....
MJ
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Posts:347
MJ
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18 Dec 2008 12:18 PM  
Posted By nakal71 on 18 Dec 2008 02:25 AM
Posted By Moderator on 02 Dec 2008 04:09 PM
Thank You to all who participated in the November contest.  After searching through all trading records to ensure accordance with our contest policies we have named the following individuals as winners of the November contest.  Winners will be contacted by email and must provide information allowing us to issue their cash payments within 30 days.  Account equity prizes are issued by i-tradefx.com and winners must open an account for that.

Congratulations!

WINNERS:
  1. Silver
  2. lacofrazor
  3. lazyegg
  4. naka171
  5. DejanVoncina
  6. Goldenfx

I still not receive my winning prize....
Hi Naka171,

You and all contest winners were sent an email on 12/02/08 giving instructions on how to claim the prizes, but you did not respond to it as required. I am resending it to you now (be sure to check your junk email folder in case it goes there). Please respond, as we need the info to send your prize.


AllenMass
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25 Oct 2010 06:04 AM  
It's a great news for trading contest. Thanks for the sharing.
Penny Stocks
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