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16/33
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1.Performance and pips evaluation In actual contest rules is setup of these parameters clear. But there is a small chance how to get better evaluation in contest and don’t risk too much. In trading contest you can follow global market trend and minimize risk from drawdown when you trade just very small lot size and then you simply waiting for hundreds of pips. If you right, then you can get first place in pips expert category without risk in few days and then you can concentrate to build performance with small targets and huge lot size. Problem in contest is, that you can be wrong many times in beginning and you have still chance to be trader with best evaluation in contest. Problem in real trading is, that investors who subscribe signals are not interested about contest, his expectations are different. Risk of thousands pips in beginning of the month is bad solution for them because they set up lot size of trades as same value for every trade. Solution: In my opinion is better to set up evaluation based on relation between lot size and pips from position (negative and positive as well). Example Every single trade can multiply by multiplicator depends of volume of every single trad…
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alltrade avatar

Agreed, win/loss % is one of the most misleading stats out there.
Personally, I don't know why it matters whether a trader averaged 1 pip per trade or 100 pips per trade so long as he is producing good risk-adjusted returns; other than that I am with you on this.

pacho74 avatar
pacho74 7 May

good idea +1

alltrade avatar

@ Airmike, in one of the other articles, you have commented that "DFC team know about this "easy setups" how to win..........they are asking for feedback how to do It". Where are the DFC team asking for feedback about changing contest rules???

Airmike avatar
Airmike 8 May

alltrade- you can see this request on Nick_T blog. Nick is project manager of DFC . so you can find this things on his blog

khalidamassi avatar

good work +++

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15/33
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This article was created as response to DFC development team. DFC team asking for some feedback from traders. So this is my small piece. Reason why I put these ideas to article contest is simple. Just very few people can see these things on my blog, and I would like to share my view with others. So I will bring my idea to public discussion and we will see what will happen. I dont want to rewrite all ideas to new article, because I want to let you see my suggestions exactly same way, how I answered to DFC development team.I will remind you key point from previous article. I wrote this response, because I would like to eliminate gap between demo game trading and real live trading, which is more interesting for investors in trading network. CONTEST RULESWe have some contest rules, which make contest just like a game. I want to try replace them by something more relevant. 1. Only 1 position could be opened at any instrument (if there is already an entry order, there is no possibility to open a market order and vice versa). It is very important to do not averaging loses. But in real trading, most of the richest trades in the world are building positions from beginning with small amount …
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khalidamassi avatar

great, I likes it ++

Skif avatar
Skif 28 May

good idea very Like +++++

clau avatar
clau 28 May

I summary the possibility of partial take of profit

bigsteely101 avatar

Great read. Well worth the read.

Panzer avatar
Panzer 31 May

Good luck with this article in the contest +1

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27/46
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As you can see, lot of changes and features coming out there. Guys from development team starts new project, and we are part of it as a signal providers. For this reason let me introduce one of the youngest part of financial services.Network trading is a model of trading, where traders, signal providers (SP) are connected with investors, which would like to participate on trading skills and trading strategies. All of these participants are creating trading network. SPs on the one side and investors on the other side. And somewhere in the middle is network provider.Benefits for all:SPs have interest to share best signals for investors, and benefit from service fee.Investors need best trading signals for funds allocation, which can brings income.Network providers have fees based on commission from brokerage firms.it seems like win-win-win situation for all of them. But many times in real world, things are not how they look like. And I would like to talk about responsibilities of all participants. First think what I have to say is, that I have been discovering this type of financial services about few years. To be honest, there was not much to do, when whole industry exists just 7 yea…
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alltrade avatar
alltrade 18 Apr.

It's a nice idea where broker brings together talented traders & investors & everybody benefits but any smart investor isn't going to invest just like that, they would like to see solid risk-adjusted performance & about that, I've already made my feelings known on Trader Contest forum - http://www.dukascopy.com/swiss/english/forex/jforex/forum/viewtopic.php?f=48&t=24272&start=660

Airmike avatar
Airmike 18 Apr.

alltrade - U see just brokers part, I would like to say, trading networks are not only broker based business, its just marginal part. This is not theory, proper trading networks already exists, with hundreds of millions funding. its alternative investment same as investing to hedgefunds. and yes, you are right about risk-adjusted performance. this is key point which make differences between poor trading networks and leaders in this bussines. other thing is that some of these trading networks are hiding, because they are not interested about retail funds.

SpecialFX avatar
SpecialFX 30 Apr.

So if I understood correctly, the investors would fund the traders, and it would all be done in a centralized way via the network provider, which is the broker? :) I guess there would need to be extensive track records, etc

Airmike avatar
Airmike 30 Apr.

no thats misunderstanding. traders have own accounts, with own funds, investors have own accounts with funds. SP means signal provider, so traders are providers of signals. These signals are visible in real time in SP profiles. if investor see good performance, good risk management, then he can participate on this signals. he can subscribe full automatic service for signal execution.

jiris109 avatar

excelent

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