Registration for the Real Accounts (Cents) Championship July 2017 . - page 123
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The problem in the beginning is not the leverage itself, but the depo load when even the smallest lot is opened.
Each strategy requires a different margin to stay within the risk tolerance of the current market volatility.
The free margin (% free margin) is determined by the deposit, open positions, and floating profit (or loss). And the restriction at the bottom is the StopOut level, which by the way for some reason you forget to mention when you nod to the leverage of kosher ECN brokers.
Unreasonable limitation on 2 sides at once - both the leverage and the deposit (given the minimum lot) - that is why participants with different strategies are initially put in an unequal position.
Participants using multi-currency strategies, including for the purpose of diversification, have to make additional efforts (which are not required for participants using monocurrency strategies who can simply adjust the lot size to the deposit) to fit into the artificially imposed limits.
And when they say that they cannot please everyone, it actually has happened so that "we have satisfied, but we have not noticed", while appeals to change some conditions are an attempt to equalize conditions.
We still need to make sure that the restrictions are justified.
At the moment [small deposit] + [cent account - disgusting execution and overestimated spreads] + [small leverage 1:200] - a much worse set of trading conditions than on the real ECN account (where more or less normal conditions are also offered for deposits over $10 000).
That is why I would suggest the Solomon's solution, taking into account that participants form the deposit with their own funds:
The leverage can be fixed at 1:200, and the size of the deposit is determined by the participant himself, based on his own understanding of his strategy. You can, of course, set a maximum (e.g. 10,000), but it makes no sense. - Participation requires attention and time. Prizes do not really compensate even if you win. But at least the time can be recouped with more or less real profit.
Since the deposits will be different, you will need to tweak the calculation formulas a bit.
Everyone will be a winner. As they say, Win-Win Solution.
P.S. I have named my account Gamble - Adventurous, because even a superficial "estimation" immediately showed the inadmissibility of even an average unexpected price movement against the wool - not enough margin for the applied strategy due to simultaneously small leverage and deposit. That is, if we are talking about real trading, I would not even trade under these initial conditions, because they are super risky. I would look for another broker :)
For the sake of interest I opened at the same time cent account with amount $400 at the same broker, as the contest one (to compensate somehow the time expenditures). I traded by the similar strategy. I can't predict what will be the result of trading, but at the moment the balance is 1016$ (- floating loss of 80$).
The problem is not the leverage itself, but the depo load when opening even the smallest lot.
Each strategy requires a different margin to stay within the risk tolerance of the current market volatility.
The free margin (% free margin) is determined by the deposit, open positions, and floating profit (or loss). And the restriction at the bottom is the StopOut level, which by the way for some reason you forget to mention when you nod to the leverage of kosher ECN brokers.
Unreasonable limitation on 2 sides at once - both the leverage and the deposit (given the minimum lot) - that is why participants with different strategies are initially put in an unequal position.
Participants using multi-currency strategies, including for the purpose of diversification, have to make additional efforts (which are not required for participants using monocurrency strategies who can simply adjust the lot size to the deposit) to fit into the artificially imposed limits.
And when they say that they cannot please everyone, it actually has happened so that "we have satisfied, but we have not noticed", while appeals to change some conditions are an attempt to equalize conditions.
We still need to make sure that the restrictions are justified.
At the moment [small deposit] + [cent account - disgusting execution and overestimated spreads] + [small leverage 1:200] - a much worse set of trading conditions than on the real ECN account (where more or less normal conditions are also offered for deposits over $10 000).
That is why I would suggest the Solomon's solution, taking into account that participants form the deposit with their own funds:
The leverage can be fixed at 1:200, and the size of the deposit is determined by the participant himself, based on his own understanding of his strategy. You can, of course, set a maximum (e.g. 10,000), but it makes no sense. - Participation requires attention and time. Prizes do not really compensate even if you win. But at least the time can be recouped with more or less real profit.
Since the deposits will be different, you will need to tweak the calculation formulas a bit.
Everyone will be a winner. As they say, Win-Win Solution.
P.S. I have named my account Gamble - Adventurous, because even a superficial "estimation" immediately showed the inadmissibility of even an average unexpected price movement against the wool - not enough margin for the applied strategy due to simultaneously small leverage and deposit. That is, if we are talking about real trading, I would not even trade under these initial conditions, because they are super risky. I would look for another broker :)
For the sake of interest I opened at the same time cent account with amount $400 at the same broker, as the contest one (to compensate somehow the time expenditures). I traded by the similar strategy. Can not predict what will be the result of trade, but at the moment the balance is 1016$ (- floating loss of 80$).
lost access to the server, the switch seems to have frozen... turned on the laptop's account - JD speed. 3kbps.
So how is the International Championship of Real Accounts going, can the winner get the title of "MQL5 World Champion"? :)
So how is the International Championship of Real Accounts going, can the winner get the title of "MQL5 World Champion"? :)
So how is the International Championship of Real Accounts going, can the winner get the title of "MQL5 World Champion"? :)
MQL5 World Cents (up to $10) Account Champion according to the MQL5 forum version.
Registration for the Real Account (Cents) Championship July 2017
The World Cents (up to $10) Account Champion according to the MQL5 forum thread
Registration for the Real Accounts (Cents) Championship July 2017
Great. More medal (gold)(999.9).
Opened for the last time for everything)
Will that work?
Opened for the last time for everything)
Will that work?
Very maybe, but I would put the SL at 1.46850
I would too, but at 1.4668 there will be a stop-out, so it won't go any further than necessary ))))
Wrong entry, I was watching the yen, but the pending order did not work, the pullback was small and the order did not reach it, now it is falling down.I would do the same, but at 1.4668 there will be a stop-out, so it will not go further ))))
Wrong entry, I was watching Yen, but the pending order did not work, the pullback was small and the order did not reach it, now it is falling down.It will be interesting, if after such a great nerve-racking it will take TP )))
Why, there is a chance.