Want a contest trading strategy

[Addamz]

Originally Posted by Dan0066

You just told me how. I had got to the page where it lists the winners in the contest archive before but I just never thought to click on the name until you told me. I looked through the archive before so I could get an idea of about how much money I would need to win. So what do you think about the fact that the winners have no losing trades?

Apparently they don't use SL and most of the trades didn't even use TP

[index1php]

Originally Posted by zoomfire

I am in sniper contest this week.I participate only in demo contests held in instaforex.If anyone knows any other site which conducts contests such as instaforex does please let me know.

I saw your nick in sniper. you have a good profit there $10,290. After July 27 no more trades, why did you stop?
Right now, my balance is only $10,014 with a rank of #450. how sad.

Here's the latest update: TOP FIVE !

Account  	 Nick  	   Deposit  	     Rank  	 
8016063	gseed87 	   11823.49 	1
8013541	rsakom 	   11710.21 	2
8013469	abahkentut    11643.81 	3
8013797	Golda 	   11589.50 	4
8016203	Croesus 	   11421.27 	5

Guys, lets help each other...share your best strategy in this contest...
Don't be shy to post your best trading strategy with proof, of course... no blah blah blah... and don't pretend....
I already read a lot of members saying they made 100 pips blah blah blah and cannot provide proof... don't believe them, it's just a bluff, they only pretend...
This contest if for everybody, lets join, maybe next time, we will be the next winner! Goodluck!

[djai]

rank no 1 has 12239$ in the account, that is really huge considering the amount of lots that we are allowed to trade. and they are mostly trading one pair of their choice.
i guess that could be the way to win trade on pair daily and only that pair, plus execute all the 5 lots on the same price.

[Addamz]

Originally Posted by djai

rank no 1 has 12239$ in the account, that is really huge considering the amount of lots that we are allowed to trade. and they are mostly trading one pair of their choice.
i guess that could be the way to win trade on pair daily and only that pair, plus execute all the 5 lots on the same price.

Actually, one of the rules is we needed to make 5% profit from each GBPUSD and GBPJPY, that's why the winner trades on those pairs

[djai]

Originally Posted by Addamz

Actually, one of the rules is we needed to make 5% profit from each GBPUSD and GBPJPY, that's why the winner trades on those pairs

i am a bit confused, i thought it is not compulsory to trade these pairs.
so is it that
1) when we trade these pairs, we have to make a 5% profit.?
or
2)is it compulsory to trade these pairs ?

[David]

Originally Posted by djai

i am a bit confused, i thought it is not compulsory to trade these pairs.
so is it that
1) when we trade these pairs, we have to make a 5% profit.?
or
2)is it compulsory to trade these pairs ?

As for the rules:

6. For getting the prize, every winner should meet the condition: you should take not less than 5% of profit by each of the currency pairs GBPUSD and GBPJPY.

Trading both GBPUSD and GBPJPY is mandatory/compulsory!

[Dan0066]

Originally Posted by zoomfire

I am in sniper contest this week.I participate only in demo contests held in instaforex.If anyone knows any other site which conducts contests such as instaforex does please let me know.

There is a great site that has many demo contests listed on it. To find the site just google Forex Bonus. I have tried to enroll in a contest by etoro but their platform wont load on my computer. Right now the only contest I have tried is instaforex sniper.

[djai]

Originally Posted by David

As for the rules:



Trading both GBPUSD and GBPJPY is mandatory/compulsory!

thanks for the clarification, it is better to trade in this pairs and forget about the others for this contest.
i will abandon all the other pairs for the next week contest and concentrate on these two pairs only,

[David]

Originally Posted by Dan0066

There is a great site that has many demo contests listed on it. To find the site just google Forex Bonus. I have tried to enroll in a contest by etoro but their platform wont load on my computer. Right now the only contest I have tried is instaforex sniper.

I tried it as well, but didn't find nothing special.

Many of those brokers have super bad reputation.

PS: The eToro platform... HAHA I had that same problem.

[Dan0066]

I registered for the instaforex sniper and the 2 week contest but they didnt send me an email and my logins dont work. I dont know if this is not allowed or what but now it is too late I just have to wait for next week.