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MyFXBook Contest at GOMarkets

September 5th, 2011

I entered into the latest competition at MyFXBook, which started yesterday when the markets opened. I’m only going to trade it with some of my EAs and with acceptable risk (maximum 2% risked on each trade). I won’t stand a chance to win with those settings thou, the leader right now is up 60% in less than 12 hours running! Clearly this is a violation of the rules as it is stated that it is not permitted to take overeager risks. Hopefully the guys running crazy large lotsizes will take a few stoplosses and¬†completely loose their accounts.

I’m up 1.49% right now which makes me #191 in the total standing. I’m aiming for 15% over the whole month so so far so good :)

Here’s a link to my account:¬†http://www.myfxbook.com/members/someguy/contest-someguy/156600

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Author: admin Tags: , ,
  1. September 6th, 2011 at 02:04 | #1

    Congrats!
    I’m following you! I’m too getting into this contest. I wonder how they are going to limit those freaks that play with high risk on their accounts… It turns the contest into mere luck thing rather than a real trading skills =(… But well, never mind, i’m in too.
    Let’s hope for the best!!
    Kind regards!

    JC

  2. September 6th, 2011 at 02:06 | #2

    Oh, forgot my link: http://www.myfxbook.com/members/cacus/contest-cacus/150503
    Also, i forgot… i’m one of the ex JadeFX clients waiting for the funds to be released, have you had any news about it? just to check.
    KR.

    JC

  3. September 6th, 2011 at 07:56 | #3

    @cacus
    Hopefully they’ll all crash and burn before the month is over :)
    Don’t know if any active means is made by the organizers, but I hope they should. Forex is too often portrayed to be able to make insane profits in short time, if this high risk behavior is rewarded in competitions this notion is only reinforced.

    I haven’t heard anything for a long time about JadeFX. I stop by and read the JadeFX-forum over at Donnas now and then, but it seems really nothing has happened over the Summer. It’s been a long time now…

    Good luck in the competition and perhaps more importantly with the progress at JadeFX :)

  4. September 6th, 2011 at 07:59 | #4

    Wow, you have some very nice systems and strategies posted at MyFxBook. You won’t need luck in this competition :)

  1. October 20th, 2011 at 11:41 | #1
  2. February 19th, 2013 at 05:29 | #2
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