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Suggestions for contest |
i_trader
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Post subject: Suggestions for contest |
Post rating: 0
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Posted: Tue 29 Mar, 2011, 19:56
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For next month, I would suggest to reduce popularity ranking and establish, win/loss ratio, avg winning amount - pips / trade, avg losing amount - pips / trade, portfolio min/max drawdown and substitute TP/SL ratio by actual closing of position instead of order target! At least provide these statistics for each trader to improove / track ourselves.
You should also consider the possibility of order changing
Eitherway, we are grateful to you Dukascopy for providing us this great contest!
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Contest Support
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Post subject: Re: Suggestions for contest |
Post rating: 0
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Posted: Wed 30 Mar, 2011, 09:22
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User rating: 8
Joined: Wed 21 Apr, 2010, 10:42 Posts: 1167
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i_trader wrote: For next month, I would suggest to reduce popularity ranking and establish, win/loss ratio, avg winning amount - pips / trade, avg losing amount - pips / trade, portfolio min/max drawdown and substitute TP/SL ratio by actual closing of position instead of order target! At least provide these statistics for each trader to improove / track ourselves.
You should also consider the possibility of order changing
Eitherway, we are grateful to you Dukascopy for providing us this great contest! You predicted our plans almost 100% correctly. In April we will extend the range of available statistics and will modify the logic of the SL/TP ratio calculation. 1. Average pips gain on positive positions 2. Average pips lost on negative positions 3. Average pips outcome from all trades 4. Win/Loss ratio - Positive vs. Negative positions - in form of scale that is already used in statistics currently 5. Risk/Reward will be calculated ONLY on the basis of the trades that were actually closed by the TP/SL set initially. Also, provisionally in April we plan to allow editing SLs in the direction of the trade.
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i_trader
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Post subject: Re: Suggestions for contest |
Post rating: 0
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Posted: Wed 30 Mar, 2011, 20:30
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Glad to hear that! Thank you! I am almost 100% covered! Would you please also consider possibility of target (Limit Order) change, besides manual trailing stop? (stop loss change in the direction of trade). Thanks anyway. Keep the Excellent Job!
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no name
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Post subject: Re: Suggestions for contest |
Post rating: 0
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Posted: Thu 31 Mar, 2011, 10:14
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User rating: -
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Contest Support wrote: i_trader wrote: For next month, I would suggest to reduce popularity ranking and establish, win/loss ratio, avg winning amount - pips / trade, avg losing amount - pips / trade, portfolio min/max drawdown and substitute TP/SL ratio by actual closing of position instead of order target! At least provide these statistics for each trader to improove / track ourselves.
You should also consider the possibility of order changing
Eitherway, we are grateful to you Dukascopy for providing us this great contest! You predicted our plans almost 100% correctly. In April we will extend the range of available statistics and will modify the logic of the SL/TP ratio calculation. 1. Average pips gain on positive positions 2. Average pips lost on negative positions 3. Average pips outcome from all trades 4. Win/Loss ratio - Positive vs. Negative positions - in form of scale that is already used in statistics currently 5. Risk/Reward will be calculated ONLY on the basis of the trades that were actually closed by the TP/SL set initially. Also, provisionally in April we plan to allow editing SLs in the direction of the trade. I think you must explain more detail this rules improvement. We must know it before the contest is started. Can you give us an example (calculation process) ?? Thanks, dear regards.
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DayTradingFx
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Post subject: Re: Suggestions for contest |
Post rating: 0
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Posted: Sat 02 Apr, 2011, 18:49
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User rating: -
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i_trader wrote: For next month, I would suggest to reduce popularity ranking and establish, win/loss ratio, avg winning amount - pips / trade, avg losing amount - pips / trade, portfolio min/max drawdown and substitute TP/SL ratio by actual closing of position instead of order target! At least provide these statistics for each trader to improove / track ourselves.
You should also consider the possibility of order changing
Eitherway, we are grateful to you Dukascopy for providing us this great contest! I agree with i_trader . I find popularity ranking not quite fair , would suggest to change the "Evaluation structure" as follows : Performance 30% - the total points would be 120 instead of 100(this would give points to more contestants with positive performance ) Pips Expert 30% - the total points would be 120 instead of 100(this would give points to more contestants with positive points ) Popularity 10% - the total points would be 40 instead of 100 (only 40 contestants would get points ) Dukascopy 30% - the total points would be 120 instead of 100 (this would give points to more contestants ) Overall 100% - the sum of total points gained The reason I would suggest these changes is because I see traders with a higher performance/points on a worst standing than the ones with a higher popularity ranking (please see FEB contest standings ) . Some focus on getting more popularity than to trade , and have different strategies like "copy" and "paste" comments ( good luck , nice trade , all the best ... )to hundreds of contestants with lower/negative balances , knowing the fact that they have no chances to get any closer to them , in order to get their comments/votes back . There are some who really discuss the trades and their opinions , but not enough to consider the popularity ranking " fair " . I apologize if this may hurt some contestants feelings , but a contest should be held as fair as possible to consider someone " The best trader of the month " This is my opinion and how I see things . Thank you Dukascopy !
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Contest Support
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Post subject: Re: Suggestions for contest |
Post rating: 0
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Posted: Wed 06 Apr, 2011, 09:44
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User rating: 8
Joined: Wed 21 Apr, 2010, 10:42 Posts: 1167
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DayTradingFx wrote: i_trader wrote: For next month, I would suggest to reduce popularity ranking and establish, win/loss ratio, avg winning amount - pips / trade, avg losing amount - pips / trade, portfolio min/max drawdown and substitute TP/SL ratio by actual closing of position instead of order target! At least provide these statistics for each trader to improove / track ourselves.
You should also consider the possibility of order changing
Eitherway, we are grateful to you Dukascopy for providing us this great contest! I agree with i_trader . I find popularity ranking not quite fair , would suggest to change the "Evaluation structure" as follows : Performance 30% - the total points would be 120 instead of 100(this would give points to more contestants with positive performance ) Pips Expert 30% - the total points would be 120 instead of 100(this would give points to more contestants with positive points ) Popularity 10% - the total points would be 40 instead of 100 (only 40 contestants would get points ) Dukascopy 30% - the total points would be 120 instead of 100 (this would give points to more contestants ) Overall 100% - the sum of total points gained The reason I would suggest these changes is because I see traders with a higher performance/points on a worst standing than the ones with a higher popularity ranking (please see FEB contest standings ) . Some focus on getting more popularity than to trade , and have different strategies like "copy" and "paste" comments ( good luck , nice trade , all the best ... )to hundreds of contestants with lower/negative balances , knowing the fact that they have no chances to get any closer to them , in order to get their comments/votes back . There are some who really discuss the trades and their opinions , but not enough to consider the popularity ranking " fair " . I apologize if this may hurt some contestants feelings , but a contest should be held as fair as possible to consider someone " The best trader of the month " This is my opinion and how I see things . Thank you Dukascopy ! Thank you for the proposal. We admit that in future changes in the evaluation scheme and the weights attributed to every category may indeed undergo modifications.
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agree ! absolutely!!!
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Post subject: Re: Suggestions for contest |
Post rating: 0
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Posted: Thu 07 Apr, 2011, 20:09
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User rating: -
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Contest Support wrote: DayTradingFx wrote: i_trader wrote: For next month, I would suggest to reduce popularity ranking and establish, win/loss ratio, avg winning amount - pips / trade, avg losing amount - pips / trade, portfolio min/max drawdown and substitute TP/SL ratio by actual closing of position instead of order target! At least provide these statistics for each trader to improove / track ourselves.
You should also consider the possibility of order changing
Eitherway, we are grateful to you Dukascopy for providing us this great contest! I agree with i_trader . I find popularity ranking not quite fair , would suggest to change the "Evaluation structure" as follows : Performance 30% - the total points would be 120 instead of 100(this would give points to more contestants with positive performance ) Pips Expert 30% - the total points would be 120 instead of 100(this would give points to more contestants with positive points ) Popularity 10% - the total points would be 40 instead of 100 (only 40 contestants would get points ) Dukascopy 30% - the total points would be 120 instead of 100 (this would give points to more contestants ) Overall 100% - the sum of total points gained The reason I would suggest these changes is because I see traders with a higher performance/points on a worst standing than the ones with a higher popularity ranking (please see FEB contest standings ) . Some focus on getting more popularity than to trade , and have different strategies like "copy" and "paste" comments ( good luck , nice trade , all the best ... )to hundreds of contestants with lower/negative balances , knowing the fact that they have no chances to get any closer to them , in order to get their comments/votes back . There are some who really discuss the trades and their opinions , but not enough to consider the popularity ranking " fair " . I apologize if this may hurt some contestants feelings , but a contest should be held as fair as possible to consider someone " The best trader of the month " This is my opinion and how I see things . Thank you Dukascopy ! Thank you for the proposal. We admit that in future changes in the evaluation scheme and the weights attributed to every category may indeed undergo modifications. I agree with your proposal ....the real results and pips should have the BIGGEST WEIGHT ! cheers
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DayTradingFx
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Post subject: Re: Suggestions for contest |
Post rating: 0
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Posted: Tue 12 Apr, 2011, 20:52
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User rating: -
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Dear Support Team ,
Beside the suggestions made so far for " Trader Contest " I would like to make a new proposal . Dukascopy currently has great contests , unfortunately for some traders something is missing . And this is a contest for LIVE accounts . Anyone with a Live account willing to take part , should be able to do so after they opt in , and the results should be calculated as for the most % return for the entire month .
Please let us know , if this is possible .
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wenomeno
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Post subject: Re: Suggestions for contest |
Post rating: 0
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Posted: Mon 18 Apr, 2011, 21:32
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User rating: -
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I think that money management is important. Some traders have a great balance, but they expose their accounts to high drawdowns, returns might be filtered by sharpe ratio or any similar stuff. Position management is important too. Current rules doesn´t allow trailing stop, neither partial take profits.
popularity is quite subjective, isn´t it?
cheers
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