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 Post subject: Cancelling orders Post rating: 0   New post Posted: Thu 16 Dec, 2010, 11:06 

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Hi
Please explain the method of cancelling an pre-existing order via the contest platform. On the standard JForex application one could open the orders box and right click to cancel an order that either no longer applied, or was an incorrect prediction of the market direction. However, this is not possible on the Trading contest platform.

Thanks for a great contest!!


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Thu 16 Dec, 2010, 12:41 
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Posts: 1167
Cactis wrote:
:) I just got to know about the Contest about Duskacopy, I think is very cool , I just got in the 13 of this month, I already made a lot mistakes, but I am learning the platform and getting ready for the next contest, In my case I am totally unpopular, I know almost no body, but that is not my goal, My goal is became a much better trader with this ongoing contest, wich encourage me to improve my self in the long run, since you can tell, I am a looser, but this is a hope to me and get ahead and become a profitable trader I think is a very intelligent way to motivate people giving the opportunity all the time. No only one month, You going to built a big community here in no time. I am now in one of the last positions 353 of the 373 positions, I have time to end in a Higher position, My Goal is to be profitable.

Sincerely.

Cactis


We appreciate your support of our efforts devoted to the contest.

Building a community around the contest (not only the Traders contest), making it more dynamic and attractive both to participants and followers is one of our primary goals. This is why we are encouraging participants to spread the information about the contest and their participation in it. All the more that attracting more people to your profile page directly affects your popularity rating.

The contest is not limited to only one month. It will be ongoing.


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Thu 16 Dec, 2010, 12:49 
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As you may have noticed, yesterday (15 December) we added the possibility to share your contest profile on Facebook and Twitter. That was done with the view to provide you a convenient way to popularize your page (which, in its turn, affects the popularity rating). You may find the respective buttons on your profile main page.

Also, from now on it is impossible to make negative votes.

Finally, a new Twitter channel devoted to the contest was launched - http://twitter.com/TraderContest/
Soon we will be transmitting contest news and top participants forecasts there.


 
 Post subject: Re: Cancelling orders Post rating: 0   New post Posted: Thu 16 Dec, 2010, 14:34 

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Thanks, I see this issue has been fixed!


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Thu 16 Dec, 2010, 22:36 

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Hi there,

I recently found out about this contest and would like to participate.

However, when I went through the contest rules, I saw this rule:

"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)."

The way I understand this is that there is no hedging allowed. Is that correct?
If it is, then I would like to ask what the purpose of this rule is?

Hedging can be a great way to limit risk in this market and one that I use effectively to monitor my risk and increase my profits. Please elaborate on why this rule is there.

Thanks,
John.


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Fri 17 Dec, 2010, 05:32 

User rating: -
Hello Support,

I registered in Jan. Contest several days ago,
then now I try to register in Dec. Contest using my nickname and email address, but it alerted 'Nickname or email already registered '

then how can I join the Dec. as well??


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Fri 17 Dec, 2010, 09:00 

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Recently the connection to dukascopy site is so unstable from here Beijing, sometimes even '404 Error'..

and I noticed that the demo platform and live platform will disconnect at the same time ,by today's observation;
so is it because of this contest starting from last month that the connection became so unstable ??? Not only the JForex platform, the website is sometimes awful to visit.

Thank you for your concern about this


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Fri 17 Dec, 2010, 09:10 
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Posts: 1167
walkOnIce wrote:
Hello Support,

I registered in Jan. Contest several days ago,
then now I try to register in Dec. Contest using my nickname and email address, but it alerted 'Nickname or email already registered '

then how can I join the Dec. as well??


Yes, you may join also for December, since the registration was extended.
Please check your mailbox. You should have received an email from us concerning this issue.

In any case, re remind to all current and future participants that any person has the right to take part in the contest even every month. The standings, ratings and scores are being reset and all traders start the next month with the initial deposit of 100,000 USD.


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Fri 17 Dec, 2010, 09:27 
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Joined: Wed 21 Apr, 2010, 10:42
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John Steen wrote:
Hi there,

I recently found out about this contest and would like to participate.

However, when I went through the contest rules, I saw this rule:

"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)."

The way I understand this is that there is no hedging allowed. Is that correct?
If it is, then I would like to ask what the purpose of this rule is?

Hedging can be a great way to limit risk in this market and one that I use effectively to monitor my risk and increase my profits. Please elaborate on why this rule is there.

Thanks,
John.


The rules of the contest were elaborated with a very precise focus - to encourage and reward well-considered trading behavior, adherence to one's decisions and trading levels set. In other words, we want award-aspiring contestants not only to be profitable, but, not less importantly - to be consistent with their trading judgments and forecasts.

This is why SL/TPs closer than 10 pips are not allowed and there is a 2% limitation for long TP/SL levels. Same refers to hedging.

Please keep following the Forum. Soon we will publish valuable hints for participants about the criteria Dukascopy Bank is going to rely on when coming up with its evaluation (which accounts for 25% of the total trader's score). You will see almost all factors are linked to participant's trading consistency and adherence to his own forecasts.


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Fri 17 Dec, 2010, 16:17 
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Posts: 1167
walkOnIce wrote:
Recently the connection to dukascopy site is so unstable from here Beijing, sometimes even '404 Error'..

and I noticed that the demo platform and live platform will disconnect at the same time ,by today's observation;
so is it because of this contest starting from last month that the connection became so unstable ??? Not only the JForex platform, the website is sometimes awful to visit.

Thank you for your concern about this


There is no link between the poor connection and the release of the Traders contest. Dukascopy Bank has not undertaken any activities, which may have worsened the connection speed. We do not observe any general connection deterioration with clients neither.

Probably, there exists some issues on the side of your provider in China or with the internet infrastructure you are using.


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Fri 17 Dec, 2010, 20:30 

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Hello, In the rules you say that the traders that qualify, for the prices with a minimum of 10 trades, What about the positions that are ahead and done no trades at all and they have better positions than the people that are trading only because they are in negative, I do believe that traders that are working hard and they are in the contest actively should be in better positions that traders that are no doing no trades at all. I would position them accordingly the #s of trades before 10.

Thank you.


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Sat 18 Dec, 2010, 03:49 

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Contest Support wrote:

There is no link between the poor connection and the release of the Traders contest. Dukascopy Bank has not undertaken any activities, which may have worsened the connection speed. We do not observe any general connection deterioration with clients neither.

Probably, there exists some issues on the side of your provider in China or with the internet infrastructure you are using.



Yes, since last month, before that JForex works fine for me here...
Can not figure out the point

Ok, I got it and thanks for your feedback!


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Sat 18 Dec, 2010, 03:51 

User rating: -
Contest Support wrote:

There is no link between the poor connection and the release of the Traders contest. Dukascopy Bank has not undertaken any activities, which may have worsened the connection speed. We do not observe any general connection deterioration with clients neither.

Probably, there exists some issues on the side of your provider in China or with the internet infrastructure you are using.



Yes, since last month, before that JForex works fine for me here...
Can not figure out the point

Ok, I got it and thanks for your feedback!


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Sat 18 Dec, 2010, 11:23 

User rating: -
Contest Support wrote:
This is why SL/TPs closer than 10 pips are not allowed and there is a 2% limitation for long TP/SL levels. Same refers to hedging.

what about position below?

JForexStrategy Tue, 4 days ago / Fundamentals and News
Up trend, testing new High. Ichimoku Up trend
BUY 1.000M AUD/JPY @ 83.186, SL 81.200 (198 pips), TP 83.240 (6 pips)


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Sun 19 Dec, 2010, 14:35 
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Posts: 39
I registered for January 2011, but not sure when to activate my expert. Do I activate my expert on the 1st of January?


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Mon 20 Dec, 2010, 10:03 
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Posts: 1167
warden wrote:
Contest Support wrote:
This is why SL/TPs closer than 10 pips are not allowed and there is a 2% limitation for long TP/SL levels. Same refers to hedging.

what about position below?

JForexStrategy Tue, 4 days ago / Fundamentals and News
Up trend, testing new High. Ichimoku Up trend
BUY 1.000M AUD/JPY @ 83.186, SL 81.200 (198 pips), TP 83.240 (6 pips)


Currently such abuses are possible because automatic validation is not implemented yet. The issue will be liquidated by itself when the validation is applied, which will happen very soon. We do realize that, unfortunately, some traders intentionally breach the 2% limitation. These facts will be definitely taken into consideration when making the Dukascopy expert evaluation.


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Mon 20 Dec, 2010, 10:31 
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Joined: Wed 21 Apr, 2010, 10:42
Posts: 1167
suncactis wrote:
Hello, In the rules you say that the traders that qualify, for the prices with a minimum of 10 trades, What about the positions that are ahead and done no trades at all and they have better positions than the people that are trading only because they are in negative, I do believe that traders that are working hard and they are in the contest actively should be in better positions that traders that are no doing no trades at all. I would position them accordingly the #s of trades before 10.

Thank you.


Please refer to the rules. You will see a respective notice: "Only the participants with real positive increase of capital can be treated as contest nominees." The rules applies even in the case the trader has a positive index of popularity and pips expert.
The rules of 10 minimum positions is equally in force. It is not possible to quality for a prize if you made less than 10 trades (positions).


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Mon 20 Dec, 2010, 15:07 

User rating: -
Contest Support wrote:
warden wrote:
Contest Support wrote:
This is why SL/TPs closer than 10 pips are not allowed and there is a 2% limitation for long TP/SL levels. Same refers to hedging.

what about position below?

JForexStrategy Tue, 4 days ago / Fundamentals and News
Up trend, testing new High. Ichimoku Up trend
BUY 1.000M AUD/JPY @ 83.186, SL 81.200 (198 pips), TP 83.240 (6 pips)


Currently such abuses are possible because automatic validation is not implemented yet. The issue will be liquidated by itself when the validation is applied, which will happen very soon. We do realize that, unfortunately, some traders intentionally breach the 2% limitation. These facts will be definitely taken into consideration when making the Dukascopy expert evaluation.


Did he breach the 2% limitation on the SL?


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Mon 20 Dec, 2010, 16:11 
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Posts: 1167
fantomas wrote:
Did he breach the 2% limitation on the SL?


Since it's not the base pair (EUR/USD), the 2% has to be adjusted according to the "pip conversion schedule". Here is an extract from the rules: "Take profit and Stop loss levels should not exceed more than 2% from the opening price for EUR/USD. Limits for the rest instruments recalculating each settlement according to "Pip Conversion Schedule". E.g. Limits for AUD/JPY=(EUR/USD Points/AUD/JPY Points)*2%=1/1.74*2=1.15%; for EUR/NOK=(EUR/USD Points/EUR/NOK Points)*2%=1/0.17*2=11.76%, etc."

Soon the automatic validation on this rule will be implemented to the platform.


 
 Post subject: Re: General Discussion and Comments Post rating: 0   New post Posted: Mon 20 Dec, 2010, 17:45 
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Joined: Tue 07 Dec, 2010, 10:51
Posts: 39
Quote:
The rules of the contest were elaborated with a very precise focus - to encourage and reward well-considered trading behavior, adherence to one's decisions and trading levels set. In other words, we want award-aspiring contestants not only to be profitable, but, not less importantly - to be consistent with their trading judgments and forecasts.

This is why SL/TPs closer than 10 pips are not allowed and there is a 2% limitation for long TP/SL levels. Same refers to hedging.

Please keep following the Forum. Soon we will publish valuable hints for participants about the criteria Dukascopy Bank is going to rely on when coming up with its evaluation (which accounts for 25% of the total trader's score). You will see almost all factors are linked to participant's trading consistency and adherence to his own forecasts.


Please explain in more detail what exactly 2% limitation and SL/TPs no closer than 10 pips mean ? I'm not sure I understand that correctly...


 

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