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100% conditional orders by trader MAKSYM_LEGIONi how is this possible
 Post subject: 100% conditional orders by trader MAKSYM_LEGIONi how is this possible Post rating: 0   Post Posted: Thu 10 May, 2012, 17:43 
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i just observed percentage of conditional orders is 100% by the traderMAKSYM_LEGIONi

https://www.dukascopy.com/tradercontest/?action=blog&trader=MAKSYM_LEGIONER here
but his orders are like this

MAKSYM_LEGIONER created an order: Technical's and Trends
6.5 hours ago
P/L: +26 pips
TRY GO LONG FROM THIS LEVEL
BUY 5.000M EUR/USD @ 1.29358, SL 1.29730 (-37 pips),TP 1.31942 (258 pips)

tp is 258 pips but closed for 26 pips..so it must be a market close..there are so many orders like this..
howz it possible to get 100% conditional orders..


 
 Post subject: Re: 100% conditional orders by trader MAKSYM_LEGIONi how is this possible Post rating: 0   Post Posted: Fri 11 May, 2012, 12:09 
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It's possible because he is good.
According to the rules you are allowed to move the stop loss in your favor.
Please read the contest rules and good luck to you.


 
 Post subject: Re: 100% conditional orders by trader MAKSYM_LEGIONi how is this possible Post rating: 0   Post Posted: Fri 11 May, 2012, 16:18 
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Actually I want to retract my previous statement for obvious reasons.


 
 Post subject: Re: 100% conditional orders by trader MAKSYM_LEGIONi how is this possible Post rating: 0   Post Posted: Fri 11 May, 2012, 17:47 
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I think it may be a SL move to other side of market so it instantly closes out and appears to be done via an order, but I am not sure how you would do that and if that would even work.


 
 Post subject: Re: 100% conditional orders by trader MAKSYM_LEGIONi how is this possible Post rating: 0   Post Posted: Sat 12 May, 2012, 11:46 
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AdrianWS wrote:
I think it may be a SL move to other side of market so it instantly closes out and appears to be done via an order, but I am not sure how you would do that and if that would even work.

..if thats possible i dont think its fair to do like that..so whenever you want to get out position ..just move the stop loss....to make it a conditional order..
i would like to hear from duka is it fair to do like that..?


 
 Post subject: Re: 100% conditional orders by trader MAKSYM_LEGIONi how is this possible Post rating: 1   Post Posted: Mon 14 May, 2012, 09:58 
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Hi Tulasi

Let me point out to you: Traders do like to move SL's into profit, use trailing stops. While the target of a trade may be 300+ pips, the entry price might be in such an area that as soon as price rejects the area the SL may be moved to Break even or lower.

This is a contest with a set of rules, if the rules can be worked into your favor why not use them. I dont see this as unfair.

The trader if he is moving SL to get out of a position is automatically loosing 10 pips from the price level.

Rather than pointing out a trader would be better to just make a case without the trader's name. It shows you in poor light to point out someone without knowing whether it is really unfair or not.


 
 Post subject: Re: 100% conditional orders by trader MAKSYM_LEGIONi how is this possible Post rating: 0   Post Posted: Mon 14 May, 2012, 14:04 
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technical_dream wrote:
Hi Tulasi
Rather than pointing out a trader would be better to just make a case without the trader's name. It shows you in poor light to point out someone without knowing whether it is really unfair or not.

hi technical dream

first point is ..i never saw a trader with 100 % conditional orders..
second one is i didnot feel it as pointing out someone or like that....in fact by mentioning his name..he would have got benefited(may be some pop points)..
i just want to know how he did that...though i see tp sl different but a conditional close..i really dont know that sl can be moved to close position..at the time of posting thread...
i feel every one can be discussed here..every one can be a topic..why not the number one trader..this is after all a social trading competition..

Quote:
The trader if he is moving SL to get out of a position is automatically loosing 10 pips from the price level.

so it is designed to loose some pips to get a
conditional close..
now i agree its not unfair..just lack of knowledge how it works..earlier i thought it as immediate close..
thanks for enlightening me on these issues..


 
 Post subject: Re: 100% conditional orders by trader MAKSYM_LEGIONi how is this possible Post rating: 0   Post Posted: Mon 14 May, 2012, 14:20 
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Hi Tulasi

Yes everything can be discussed here. I have seen some people get very aggravated when their nick is mentioned when asking a question such as yours(is it unfair). I think you get my point.

Anyway happy trading.

Look me up anytime if you need some questions answered, I assume you are new to trading. I am based in Delhi.


 

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