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Forum Contest is now over
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February 09 iTradeFX Contest
Last Post 09 Mar 2009 03:44 AM by MJ. 50 Replies. |
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MJ
Staff
Veteran Member
Posts:347
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| 24 Feb 2009 02:02 PM |
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Posted By Carlo on 24 Feb 2009 03:53 AM
Hi MJ,
Maybe a week ago when I saw ranking table I said to myself - there won't be enough traders for all prizes even  on the end of month. And next month will be even worse because of next 3 winners who can't participate...
a/ I agree anybody should have a chance to win even on a contest, but for sure not with result lower than initial capital  : Maybe winners can participate with just one month of pause;
b/ Prizes are not attractive enough:
b1/ Part from i-Trade: Look at 24fx contest - no need to fund any capital to claim prizes of $2500/$1500/$1000; Means - excellent, very attractive prizes with no question of broker reputation. Probably you can't agree better conditions with i-Trade because they are scammers and they want to collect traders money but beside 100 of other brokers you can find some better company for sure;
b2/ Part from Razor: I know you have no direct benefit giving money away. But if you'll stay with i-Trade you need to double your part of awards at least if you want to see more fresh traders in your contest. Because nobody claim prizes from i-Trade. Also, prizes of $20 or $75 are not some kind of prizes, sorry. Especially because of wire transfer fee - PayPal is useful just for few countries, so most traders from around the world can't claim these rewards. So, why they should join to your contest? In that case is better to have maybe just 3 prizes but much bigger.
c/ Maybe contestants can join to contest whenever through the month. Late traders are more aggressive and that will give a life to other contestants too. And Razor will receive more fresh traders. Because waiting on next month contest is boring and many traders are loosing interests.
I don't want to be smart - I just want to make your contest much more attractive for both sides. And I'll be very glad if my thoughts could be of any help  .
Keep a good job!
Hi Carlo, Thanks for your feedback. As always, we consider all suggestions and will notify all members of any changes we make to the contests. mj |
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MJ
Staff
Veteran Member
Posts:347
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| 24 Feb 2009 11:56 PM |
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Hello Everyone ! Here are the rankings for the February Trading Contest
as of 11:41 pm Eastern time, Tuesday, 02/24/09:
PLEASE NOTE: This is a trading contest. Participants that have not traded
their accounts are not eligible to win. Silver and allangenex, winners in November and January,
may participate, but are not eligible for a prize in the February contest.
| ScreenName |
Balance |
UnrealizedP/L |
Equity |
| peli |
17,251.34 |
0.00 |
17,251.34 |
| Silver |
15,115.78 |
0.00 |
15,115.78 |
| allangenex |
14,110.00 |
0.00 |
14,110.00 |
| amirah794 |
10,346.05 |
-108.77 |
10,237.28 |
| kahoos |
10,100.00 |
0.00 |
10,100.00 |
| ichekal |
10,000.00 |
0.00 |
10,000.00 |
| agu5tian |
10,000.00 |
0.00 |
10,000.00 |
| anina |
10,000.00 |
0.00 |
10,000.00 |
| anthonysoo |
10,000.00 |
0.00 |
10,000.00 |
| army |
10,000.00 |
0.00 |
10,000.00 |
| bigone |
10,000.00 |
0.00 |
10,000.00 |
| Carlo |
10,000.00 |
0.00 |
10,000.00 |
| digmore |
10,000.00 |
0.00 |
10,000.00 |
| freedom |
10,000.00 |
0.00 |
10,000.00 |
| gladiator |
10,000.00 |
0.00 |
10,000.00 |
| glassess |
10,000.00 |
0.00 |
10,000.00 |
| gtrader |
10,000.00 |
0.00 |
10,000.00 |
| indofx |
10,000.00 |
0.00 |
10,000.00 |
| jeff135 |
10,000.00 |
0.00 |
10,000.00 |
| kuro |
10,000.00 |
0.00 |
10,000.00 |
| ladypips |
10,000.00 |
0.00 |
10,000.00 |
| lover |
10,000.00 |
0.00 |
10,000.00 |
| mike_L |
10,000.00 |
0.00 |
10,000.00 |
| naughty |
10,000.00 |
0.00 |
10,000.00 |
| piyush08 |
10,000.00 |
0.00 |
10,000.00 |
| radjaforex |
10,000.00 |
0.00 |
10,000.00 |
| raptor |
10,000.00 |
0.00 |
10,000.00 |
| sgfxtrader |
10,000.00 |
0.00 |
10,000.00 |
| space |
10,000.00 |
0.00 |
10,000.00 |
| taller |
10,000.00 |
0.00 |
10,000.00 |
| top1 |
10,000.00 |
0.00 |
10,000.00 |
| yhjia |
10,000.00 |
0.00 |
10,000.00 |
| yuszub |
10,000.00 |
0.00 |
10,000.00 |
| yuszub301252 |
10,000.00 |
0.00 |
10,000.00 |
| zork |
10,000.00 |
0.00 |
10,000.00 |
| mavric |
9,100.00 |
727.50 |
9,827.50 |
| Bow |
9,360.00 |
0.00 |
9,360.00 |
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MJ
Staff
Veteran Member
Posts:347
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| 26 Feb 2009 08:04 PM |
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Hello Everyone !
Here are the rankings for the February Trading Contest
as of 7:39 pm Eastern time, Thursday, 02/26/09:
PLEASE NOTE: This is a trading contest. Participants that have not traded
their accounts are not eligible to win. Silver and allangenex, winners in November and January,
may participate, but are not eligible for a prize in the February contest.
The contest ends tomorrow, Friday, 2/27/09 at 5:00 pm US Eastern time.
Hope everyone does well on the last day of trading.
| ScreenName |
Balance |
UnrealizedP/L |
Equity |
| peli |
16,129.81 |
0.00 |
16,129.81 |
| Silver |
15,073.38 |
0.00 |
15,073.38 |
| allangenex |
14,110.00 |
0.00 |
14,110.00 |
| piyush08 |
9,914.35 |
1,712.05 |
11,626.40 |
| amirah794 |
10,582.10 |
-205.89 |
10,376.21 |
| ichekal |
10,000.00 |
0.00 |
10,000.00 |
| agu5tian |
10,000.00 |
0.00 |
10,000.00 |
| anina |
10,000.00 |
0.00 |
10,000.00 |
| anthonysoo |
10,000.00 |
0.00 |
10,000.00 |
| army |
10,000.00 |
0.00 |
10,000.00 |
| bigone |
10,000.00 |
0.00 |
10,000.00 |
| Carlo |
10,000.00 |
0.00 |
10,000.00 |
| digmore |
10,000.00 |
0.00 |
10,000.00 |
| freedom |
10,000.00 |
0.00 |
10,000.00 |
| gladiator |
10,000.00 |
0.00 |
10,000.00 |
| glassess |
10,000.00 |
0.00 |
10,000.00 |
| gtrader |
10,000.00 |
0.00 |
10,000.00 |
| indofx |
10,000.00 |
0.00 |
10,000.00 |
| jeff135 |
10,000.00 |
0.00 |
10,000.00 |
| kuro |
10,000.00 |
0.00 |
10,000.00 |
| ladypips |
10,000.00 |
0.00 |
10,000.00 |
| lover |
10,000.00 |
0.00 |
10,000.00 |
| mike_L |
10,000.00 |
0.00 |
10,000.00 |
| naughty |
10,000.00 |
0.00 |
10,000.00 |
| radjaforex |
10,000.00 |
0.00 |
10,000.00 |
| raptor |
10,000.00 |
0.00 |
10,000.00 |
| sgfxtrader |
10,000.00 |
0.00 |
10,000.00 |
| space |
10,000.00 |
0.00 |
10,000.00 |
| taller |
10,000.00 |
0.00 |
10,000.00 |
| top1 |
10,000.00 |
0.00 |
10,000.00 |
| yhjia |
10,000.00 |
0.00 |
10,000.00 |
| yuszub |
10,000.00 |
0.00 |
10,000.00 |
| yuszub301252 |
10,000.00 |
0.00 |
10,000.00 |
| zork |
10,000.00 |
0.00 |
10,000.00 |
| Bow |
9,360.00 |
0.00 |
9,360.00 |
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piyush08
Veteran Member
Posts:600
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| 27 Feb 2009 06:16 AM |
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Why dont you move onto a different broker ? The requirement of depositing 2000 dollars is too much, especially after
reading all the negative reviews about the broker. Further, their system is not very user friendly.
Apart from that, maybe the initial balance can be changed from 10000 to 50000, with the drawdown limit being 15%
of account equity that is 42500 on an initial equity of 50000. This would be more useful because with itradefx one can
place orders of 0.01, .02, .03, .04, .05 & then straight 1 lot onwards. This means you have no choice of trade size in
between or 10 orders of 0.05 to achieve a .5 lot position. Thats just very irritating & difficult to manage. And with lot size
of 1 lot, its very difficult to keep losses under control as 10 pips means 100 dollar move. You loose 150 pips & thats it,
your out of the game. So better with a 50k account as then the losses will be much easier to manage. Nothing else changes.
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piyush08
Veteran Member
Posts:600
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| 27 Feb 2009 06:18 AM |
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One more thing - can you enable something of a live scorecard? Anyone can then see the live scores and know their position vis-a-vis others.
Also, if you are not agreeable to starting the account from 50k instead of 10k, maybe you can relax the drawdown limit from 15% to 30-35%. |
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Tejan
New Member
Posts:34
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| 27 Feb 2009 06:33 AM |
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Hi Piyush, You can trade any lot you wish - just type it in the window. $50K is not useful for real trading: 50% of all deposits are under $5,000. By my opinion DD of 15% is ok: If you want to be consistent (permanently successful trader) you can't loose more than 15% of balance. I should even expand this DD rule: No matter what is your balance you can't loose more than 15% of account daily through the whole contest. That's the way you can trade for living. |
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Tejan
New Member
Posts:34
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| 27 Feb 2009 06:36 AM |
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But some kind of live scoreboard should be very useful and attractive thing, I agree. It would help to more aggressive and competitive trading. |
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piyush08
Veteran Member
Posts:600
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| 27 Feb 2009 06:37 AM |
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Ok, i get it. I just mentioned 50k on a demo account cause I am used to 50k demo accounts at other brokers (FXCM) & cause of the lot size issue, which ofcourse is now resolved. Thanks |
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MJ
Staff
Veteran Member
Posts:347
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| 27 Feb 2009 07:34 PM |
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Posted By piyush08 on 27 Feb 2009 06:16 AM
Why dont you move onto a different broker ? The requirement of depositing 2000 dollars is too much, especially after
reading all the negative reviews about the broker. Further, their system is not very user friendly.
Apart from that, maybe the initial balance can be changed from 10000 to 50000, with the drawdown limit being 15%
of account equity that is 42500 on an initial equity of 50000. This would be more useful because with itradefx one can
place orders of 0.01, .02, .03, .04, .05 & then straight 1 lot onwards. This means you have no choice of trade size in
between or 10 orders of 0.05 to achieve a .5 lot position. Thats just very irritating & difficult to manage. And with lot size
of 1 lot, its very difficult to keep losses under control as 10 pips means 100 dollar move. You loose 150 pips & thats it,
your out of the game. So better with a 50k account as then the losses will be much easier to manage. Nothing else changes.
Hi Piyush08, We appreciate you input and will consider your requests for use in future contests. mj |
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MJ
Staff
Veteran Member
Posts:347
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| 27 Feb 2009 07:42 PM |
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Hello Everyone !
Here are the preliminary winners of the February Trading Contest,
pending trade record review.
All other contestants have been disqualified from winning prizes.
Thanks to all who participated.
| ScreenName |
Balance |
UnrealizedP/L |
Equity |
| peli |
15,711.50 |
0.00 |
15,711.50 |
| piyush08 |
13,802.79 |
318.96 |
14,121.75 |
| amirah794 |
10,546.10 |
-211.79 |
10,334.31 |
| Bow |
9,360.00 |
0.00 |
9,360.00 |
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MJ
Staff
Veteran Member
Posts:347
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| 09 Mar 2009 03:44 AM |
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Hello Everyone !
Here are the Final winners of the February Trading Contest,
There are only 3 winners this month because all other contestants were
disqualified. Winners will be contacted by email to arrange for prize awards.
The March Contest has no drawdown limit, but the scalping rule is still in effect. Thanks to all who participated.
| ScreenName |
Balance |
UnrealizedP/L |
Equity |
| piyush08 |
13,802.79 |
318.96 |
14,121.75 |
| amirah794 |
10,546.10 |
-211.79 |
10,334.31 |
| Bow |
9,360.00 |
0.00 |
9,360.00 |
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