[Mysticforex]

Only 3 or 4

8 to 10 would be ideal, 20 to 25 would be Great!

[Ingot54]

Originally Posted by Mysticforex »

Only 3 or 4

8 to 10 would be ideal, 20 to 25 would be Great!

So ... shall we proceed?

I think that even a small group can learn something from a trading comp ... do we have the numbers?

What's the next step?

I haven't gone ahead with opening a demo a/c with oanda yet - waiting for specific guidelines that will link me to your spreadsheet for compilation of results.

[MightyMouse]

How are the results going to be tallied? Or, how is cheating going to be prevented?

[Mysticforex]

Originally Posted by MightyMouse »

How are the results going to be tallied? Or, how is cheating going to be prevented?

The winner will be determined by percentage gain, not $$$ gain.
There are ways ( as administrator ) to tell if someone is cheating.
I administrated one contest that had 129 contestants, had to disqualify
about 20 people for cheating.
That contest had a prize, an all expenses paid trip to Rob Booker's office, and spend 5 days trading with him. A fellow in the UK won that one. I think it cost Rob about $3K at the time.

[Mysticforex]

Ok, Need at least 5 contestants.
I will have to know by midnight Sunday, Match 27th in order to get things set up for an April Contest.

[Ingot54]

Originally Posted by Mysticforex »

That contest had a prize, an all expenses paid trip to Rob Booker's office, and spend 5 days trading with him. A fellow in the UK won that one. I think it cost Rob about $3K at the time.

I dare Rob to offer that prize again!

[Mysticforex]

Originally Posted by Ingot54 »

I dare Rob to offer that prize again!

You'll have a chance to ask him.
I'll be interviewing Rob Live here on TL.
Weds. March 30th 12:00 PM Eastern time.

[Ingot54]

Originally Posted by Mysticforex »

You'll have a chance to ask him.
I'll be interviewing Rob Live here on TL.
Weds. March 30th 12:00 PM Eastern time.

Hi Chris

I have registered for the call, but I am afraid I will miss the call
by 2 hours due to work commitments.

Re: daring to ask Rob to repeat the offer ... that was just a bit of cheek!
It is unreasonable to put such things on people, and I wouldn't do that.

But what I would like someone to ask Rob, on my behalf, is how he would
place Stops on the higher TF trades. I am sure we could thrash this out
ourselves, but it would be interesting to hear his take on that.

I was stopped out by 16 pips before the AUDUSD rallied about 24
hours ago and I decided that I should be looking at ATR rather than
Support/Resistance in certain circumstances.

Would you mind broaching this question with Rob on my behalf?

"How would you determine the level to place SL on the 4H (and higher) TF?
Is a multiple of ATR - an arbitrary level - a valid utility for determining this?"

Cheers