Traders Laboratory Forex Trading Contest!

[brendanm 10]

Not looking good for next month either - Mysticforex is MIA since 6/1/2011. He's either on vacation or he is no longer interested in traderslaboratory.com

 

Maybe MadMarketaScientist could sett up an Oanda contest for July.

 

I just closed my second Oanda trade for June - it should show up in the results tonight.

i would like to join the nextcontest. can you send me details. thanks

[Mysticforex 13]

brendanm,

 

In order to have a "Fun" contest it's nice to have at least 10 participants.

If we get 10 people to commit to a contest only 5 will actually join.

Of the 5 that join only 2 will compete/trade.

 

I like to have 1 month contests. enough time so nobody wins by a crazy flash in the pan trade. I can't commit to a July contest, but I will give it a go for august if we have enough participants.

[Mysticforex 13]

Here it is 8 days later and not a single reply. THAT'S the problem.

[Obsidian 10]

actually, this could be fun!

[Ingot54 13]

The comp is still open ... we just need participants ... and someone to run it.

 

We can run it same a s last year, if people are willing to use OANDA ... or we can write new rules, stipulating start/finish times, and traders either posting a chart showing their entries/exits, or simply post the levels at time of entry/exit.

 

If no one can run it, then traders could try to resurrect the idea of a comp through placing trades here to try to stimulate interest.

 

I'm up for a new comp.

 

Anyone else?

 

Below is an example of a trade in progress ... that's all we would need to show, but post the chart immediately after entry to validate the trade as a comp. entry.

 

Can anything go wrong with that idea?

[bobcollett 10]

The comp is still open ... we just need participants ... and someone to run it.

 

We can run it same a s last year, if people are willing to use OANDA ... or we can write new rules, stipulating start/finish times, and traders either posting a chart showing their entries/exits, or simply post the levels at time of entry/exit.

 

If no one can run it, then traders could try to resurrect the idea of a comp through placing trades here to try to stimulate interest.

 

I'm up for a new comp.

 

Anyone else?

 

Below is an example of a trade in progress ... that's all we would need to show, but post the chart immediately after entry to validate the trade as a comp. entry.

 

Can anything go wrong with that idea?

 

Well, well, well,

Look who's back.

I told you.

Welcome

bobc

[TheNegotiator 13]

The comp is still open ... we just need participants ... and someone to run it.

 

We can run it same a s last year, if people are willing to use OANDA ... or we can write new rules, stipulating start/finish times, and traders either posting a chart showing their entries/exits, or simply post the levels at time of entry/exit.

 

If no one can run it, then traders could try to resurrect the idea of a comp through placing trades here to try to stimulate interest.

 

I'm up for a new comp.

 

Anyone else?

 

Below is an example of a trade in progress ... that's all we would need to show, but post the chart immediately after entry to validate the trade as a comp. entry.

 

Can anything go wrong with that idea?

 

Ah, long time Ivan! How have you been mate?

[Mysticforex 13]

The comp is still open ... we just need participants ... and someone to run it.

 

We can run it same a s last year, if people are willing to use OANDA ... or we can write new rules, stipulating start/finish times, and traders either posting a chart showing their entries/exits, or simply post the levels at time of entry/exit.

 

If no one can run it, then traders could try to resurrect the idea of a comp through placing trades here to try to stimulate interest.

 

I'm up for a new comp.

 

Anyone else?

 

Below is an example of a trade in progress ... that's all we would need to show, but post the chart immediately after entry to validate the trade as a comp. entry.

 

Can anything go wrong with that idea?

 

INGOT !!

 

Good to see you !

 

To use a Yank expression, you are a sight for sore eyes. ( that's a good thing ).

[Ingot54 13]

Well, well, well,

Look who's back.

I told you.

Welcome

bobc

Thanks Bob … good to be back … what’s happenin’ … :cinema:

 

Ah, long time Ivan! How have you been mate?

 

All good here TN – got some kids settled in work, and refined my trading!

Couldn’t be better than that!

 

INGOT !!

 

Good to see you !

 

To use a Yank expression, you are a sight for sore eyes. ( that's a good thing ).

Nice to be back amongst friends Mystic.

 

Ready for some pips?

 

Seriously … it’s not like I’m some folk hero … I’m certainly not the Bob Dylan of trading

 

But I’m ready to win some comps … let’s crank it up!

[MadMarketScientist 11]

I'm up for a new comp.

 

Look who's back! Nice seeing you again - hope all is well!

 

MMS

[Ingot54 13]

We have 7 days to organise a comp for August. Obviously too short a time frame to muster the entries, going on past efforts.

 

I think the Oanda model was excellent - results were beyond questioning as Mystic Forex had access to the final numbers.

 

The Oanda platform is not a rocket manual, and is only required for placing trades, not charting - you can do that at your current place and just use Oanda for the actual demo trades.

 

Can we start counting heads for this ... maybe for September? With the current TL membership numbers (77,000) it should be a shoo-in to grab 10 starters!

 

1. Ingot54

2.

3.

4.

5 ..................

 

Maybe we need to offer some incentive ... like CMC did ... below.

 

EDIT: Maybe charge $10/entry ... winner-take-all?

Just thoughts to kick the can along.

Edited July 24, 2012 by Ingot54

[Mysticforex 13]

"EDIT: Maybe charge $10/entry ... winner-take-all?

Just thoughts to kick the can along."

 

 

Even if it's only $50, people get funny when money is involved...

I administered a contest once, where the prize was an all expense trip, from wherever the winner was, to NYC, to trade with a guru for 1 week. There were about 130 contestants. It was bloody brutal, with allegations of cheating etc etc. I got myself banned from FF (where the contest was held) in the process.

The winner turned out to be a chap from London. He couldn't get the time off, so he asked for $1K instead. The friend who I was running the contest for, paid him and considered it a deal.

 

 

So, no money.

 

I'd be game for September if we can get at least 5 contestants.

[Ingot54 13]

I'd be game for September if we can get at least 5 contestants.

 

We'll get them!

 

Build it ... they will come!

[PWP 10]

I'd be interested - PWP

[Ingot54 13]

1. Ingot54

2. PWP

3.

4.

5.

6..................

 

I believe under the old rules, we could trade any instrument that was offered by Oanda. or was it confined to Forex only?

 

Can you confirm this, Mystic?

[Mysticforex 13]

1. Ingot54

2. PWP

3.

4.

5.

6..................

 

I believe under the old rules, we could trade any instrument that was offered by Oanda. or was it confined to Forex only?

 

Can you confirm this, Mystic?

 

Yes, correct. Any instrument offered by Oanda.

 

I am thinking of a max draw down rule as well, say 5%? we'll see what the consensus is. I'll post all the ( just a few ) well in advance.

[4EverMaAT 10]

Is this only for oanda?

[Ingot54 13]

Is this only for oanda?

 

The contest that Mystic Forex ran back in March-April 2011 was based on contestants joining the competition by entering their a/c number into the contest registered by Mystic Forex. It was done this way to give Mystic access to the trades and balances, in order to publish regular figures and a leader-board, and ultimately to determine the winner.

 

The Oanda a/c will be a demo account, linked under Mystic Forex's supervision / sub/account, I believe.

 

Go back to the beginning of this thread and read posts #27 -to - # 30. That will explain a lot of it. Keep reading and you will see how it played out. Once you have a demo account with Oanda, you can go to the "Contests" section, and register with the "Mystic Forex" group - at least that's how is worked last year, and should be the same this time.

 

To answer your question more fully - so far Oanda is the only place we have operated.

 

Do you know of any other platforms we can co-ordinate the trades closely enough to manage the contest? Many traders may have tried MT4 or some of the others, but Oanda seems purpose-built for this.

[Ingot54 13]

1. Ingot54

2. PWP

3.Youri

4.

5.

6.

7..................

[4EverMaAT 10]

The contest that Mystic Forex ran back in March-April 2011 was based on contestants joining the competition by entering their a/c number into the contest registered by Mystic Forex. It was done this way to give Mystic access to the trades and balances, in order to publish regular figures and a leader-board, and ultimately to determine the winner.

 

The Oanda a/c will be a demo account, linked under Mystic Forex's supervision / sub/account, I believe.

 

Go back to the beginning of this thread and read posts #27 -to - # 30. That will explain a lot of it. Keep reading and you will see how it played out. Once you have a demo account with Oanda, you can go to the "Contests" section, and register with the "Mystic Forex" group - at least that's how is worked last year, and should be the same this time.

 

To answer your question more fully - so far Oanda is the only place we have operated.

 

Do you know of any other platforms we can co-ordinate the trades closely enough to manage the contest? Many traders may have tried MT4 or some of the others, but Oanda seems purpose-built for this.

 

Mt4 contests are run all the time on myfxbook. I think mt4i.com has ability to run your own contests if you do not have your own management software. Oanda's mt4 bridge is lousy and I cannot afford news time lockdowns (brief freezes are ok).

 

I was looking for mt4, so not sure if I can join this contest yet.

[Obsidian 10]

sounds good, count me in

[Ingot54 13]

sounds good, count me in

 

1. Ingot54

2. PWP

3. Youri

4. Obsidian

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6.

7.

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[Mysticforex 13]

Mt4 contests are run all the time on myfxbook. I think mt4i.com has ability to run your own contests if you do not have your own management software. Oanda's mt4 bridge is lousy and I cannot afford news time lockdowns (brief freezes are ok).

 

I was looking for mt4, so not sure if I can join this contest yet.

 

Maybe you could administer the contest on Myfxbook ?

Let us know.

[xparm 10]

sounds like a great idea. How do we get set up?

[MP21 10]

Count me in as well. Are there any more forex contests?