Dukascopy Support Board
http://www.dukascopy.com/swiss/english/forex/jforex/forum/

General Discussion and Comments
http://www.dukascopy.com/swiss/english/forex/jforex/forum/viewtopic.php?f=48&t=24272
Page 15 of 34

Author:  Contest Support [ Thu 03 Feb, 2011, 17:43 ]
Post subject:  Re: contest chart

demosco wrote:
dear dukascopy team, i want to ask why the equity balance on the contest chart is different from the figure on my trading platform.


Differences arise due to a lag in updates of the contest chart.
The equity in the platform is updated constantly. It is the most precise figure. In its turn, the equity shown on your profile page in the contest is updated once per hour only (sometimes even less frequently).

Author:  BK4ever [ Thu 03 Feb, 2011, 22:28 ]
Post subject:  self comments

Hello,

I need some advice on the following: I noticed after reading the rules again that self commenting is not allowed. However if someone asks a question in his/her comment for example: "Good trade. But why did you set the profit order to 1.3670?" I would like to answer it not to hurt him/her because I would like him/her to come back next time. As there is no other "place" where I can answer the question (I think to visit his/her page and reply to the question on one of his/her trades would be quite funny)?
So can it be a general agreement that questions are allowed to be answered?

Tx,
BK4ever

Author:  Mio2011 [ Fri 04 Feb, 2011, 00:35 ]
Post subject:  P/L >S.L

Hello,
there is some mistake with my trade #5. My S.L level was 35 pips but P/L shows me -159 pips.
Please review and advise.

Author:  Shahar [ Fri 04 Feb, 2011, 04:13 ]
Post subject:  Questions about "2% rule"

Dear Dukascopy team,

Why are you limiting our profits on each position to 2%?
Also, why are you making the rule so complicated? There is no need to convert to EUR/USD, e.g. if I open a USD/JPY position at ¥82.00, 2% would mean 82 x 0.02 = 164 pips in each direction. Again, why the unnecessarily-complicated conversion to EUR/USD?

Thanks,
Shahar

Author:  Contest Support [ Fri 04 Feb, 2011, 09:36 ]
Post subject:  Re: P/L >S.L

Mio2011 wrote:
Hello,
there is some mistake with my trade #5. My S.L level was 35 pips but P/L shows me -159 pips.
Please review and advise.


The issue is known. We are working on its rectification currently.

It appears when orders are opened/closed by partial fills. In that case in the trader blog the pips won/lost may look duplicated or even triplicated (depending on the number of partial fill it took to open/close the position fully). At that, all the stats are calculated correctly as you may see it on your example as well. The improper reflection of pips is observable only in the blog records.

The problem will be fixed.

Author:  Contest Support [ Fri 04 Feb, 2011, 11:28 ]
Post subject:  Re: self comments

BK4ever wrote:
Hello,

I need some advice on the following: I noticed after reading the rules again that self commenting is not allowed. However if someone asks a question in his/her comment for example: "Good trade. But why did you set the profit order to 1.3670?" I would like to answer it not to hurt him/her because I would like him/her to come back next time. As there is no other "place" where I can answer the question (I think to visit his/her page and reply to the question on one of his/her trades would be quite funny)?
So can it be a general agreement that questions are allowed to be answered?

Tx,
BK4ever


It seems that there is a slight misunderstanding. By "self commenting" we mean creating fake community accounts with the purpose to comment on your main account and, thus, imitate activity on it. By no means that related to answering to other traders in your own blog.

You are absolutely free and welcome to communicate on your blog and to answer other contestants. That's ultimately the aim of the blog.

Soon we will add a new functionality to the blogs - Free format messages. That will allow traders posing messages without obligatorily making a trade. We expect that it will facilitate the communication between traders.

Author:  Contest Support [ Fri 04 Feb, 2011, 12:10 ]
Post subject:  Re: Questions about

Shahar wrote:
Dear Dukascopy team,

Why are you limiting our profits on each position to 2%?
Also, why are you making the rule so complicated? There is no need to convert to EUR/USD, e.g. if I open a USD/JPY position at ¥82.00, 2% would mean 82 x 0.02 = 164 pips in each direction. Again, why the unnecessarily-complicated conversion to EUR/USD?

Thanks,
Shahar


1. Profits are limited to 2% in order to limit month-long held positions. Otherwise, trading might turn into gambling. One would open numerous positions in the beginning of the month, setting extremely distant TPs/SLs and expecting that by the end of the months those would luckily turn into profits. Such a situation would have very little to do with justified trading.
2. The conversion is needed for the correct accounting of the pips points. As you understand, the "weights" of pips won/lost on different currency pairs varies. As we aggregate all pip results under a common index (pip points), we needed them to be adjusted to a common denominator (the weight of the EUR/USD pips).

Author:  BK4ever [ Fri 04 Feb, 2011, 14:48 ]
Post subject:  TP order not filled!!

Image

Hello,

Based on the attached screenshot, I would like to have my PT trade and pips counted in the competition.
Thank you,
BK4ever

Author:  BK4ever [ Fri 04 Feb, 2011, 15:03 ]
Post subject:  Re: self comments

Contest Support wrote:
BK4ever wrote:
Hello,

I need some advice on the following: I noticed after reading the rules again that self commenting is not allowed. However if someone asks a question in his/her comment for example: "Good trade. But why did you set the profit order to 1.3670?" I would like to answer it not to hurt him/her because I would like him/her to come back next time. As there is no other "place" where I can answer the question (I think to visit his/her page and reply to the question on one of his/her trades would be quite funny)?
So can it be a general agreement that questions are allowed to be answered?

Tx,
BK4ever


It seems that there is a slight misunderstanding. By "self commenting" we mean creating fake community accounts with the purpose to comment on your main account and, thus, imitate activity on it. By no means that related to answering to other traders in your own blog.

You are absolutely free and welcome to communicate on your blog and to answer other contestants. That's ultimately the aim of the blog.

Soon we will add a new functionality to the blogs - Free format messages. That will allow traders posing messages without obligatorily making a trade. We expect that it will facilitate the communication between traders.


Oh...
Thank you, maybe I was the only one to misunderstand it :). The free format messages is a great idea, even if we could attach charts to it to explain the trades if needed.

Author:  Contest Support [ Fri 04 Feb, 2011, 15:51 ]
Post subject:  Re: self comments

BK4ever wrote:
Contest Support wrote:
BK4ever wrote:
Hello,

I need some advice on the following: I noticed after reading the rules again that self commenting is not allowed. However if someone asks a question in his/her comment for example: "Good trade. But why did you set the profit order to 1.3670?" I would like to answer it not to hurt him/her because I would like him/her to come back next time. As there is no other "place" where I can answer the question (I think to visit his/her page and reply to the question on one of his/her trades would be quite funny)?
So can it be a general agreement that questions are allowed to be answered?

Tx,
BK4ever


It seems that there is a slight misunderstanding. By "self commenting" we mean creating fake community accounts with the purpose to comment on your main account and, thus, imitate activity on it. By no means that related to answering to other traders in your own blog.

You are absolutely free and welcome to communicate on your blog and to answer other contestants. That's ultimately the aim of the blog.

Soon we will add a new functionality to the blogs - Free format messages. That will allow traders posing messages without obligatorily making a trade. We expect that it will facilitate the communication between traders.


Oh...
Thank you, maybe I was the only one to misunderstand it :). The free format messages is a great idea, even if we could attach charts to it to explain the trades if needed.



The attachment of screenshots from the platform is under development as well. :) This functionality will be added.

It will be optional and meant for those traders who want to enclose some additional graphical information about their technical analysis. One will have the option to add a screenshot by marking the respective check-box in the order creation panel.

Author:  Contest Support [ Fri 04 Feb, 2011, 17:40 ]
Post subject:  Re: TP order not filled!!

BK4ever wrote:
Image

Hello,

Based on the attached screenshot, I would like to have my PT trade and pips counted in the competition.
Thank you,
BK4ever


Dear BK4ever,

please send us a message to [email protected] with the indication of the details and the position/order ID that are creating concern. A screenshot will be appreciated as well (unfortunately, it wasn't enclosed to the forum message).

Author:  Contest Support [ Fri 04 Feb, 2011, 17:56 ]
Post subject:  Re: General Discussion and Comments

4 February 2011 - New bonuses for Demo Contest winners! An invitation to the monthly Geneva Forex Event

At the start of the 3rd month of the Dukascopy trader contest we are glad to announce the establishment of an extra prize to demo contest winners (1st position) – an invitation to the spectacular monthly Geneva Forex Event! Dukascopy takes the costs for the flight to Geneva and back as well as the accommodation expenses in one of the luxury hotels. Geneva Forex Event is a unique ceremony organized by Dukascopy Bank SA, where Forex professionals from all over the world unite to socialize in a pleasant atmosphere, without formalities and pressure. Take the chance to take part in this exclusive event held in Geneva, Switzerland! The prize applies to the winners of the Strategy and Trader contest.

Website of the event: http://www.genevaforexevent.com/

Author:  demosco [ Fri 04 Feb, 2011, 19:23 ]
Post subject:  trading blogs

How do i edit SL and TP ,ive tried to do that before without success.and my second quesstion is Does the contest allow traders to make comment on thier Blogs ,cos the rules are so many ,need clarification

Author:  jo [ Sat 05 Feb, 2011, 10:00 ]
Post subject:  Problem with TS

Is there any body have problem setting trailing stop?
according to Dukascopy TS can be set from order page.But I can not set.Any advise?

Author:  micutzu [ Sun 06 Feb, 2011, 08:08 ]
Post subject:  Close

can i close manualy my positions!?

Author:  Contest Support [ Mon 07 Feb, 2011, 08:33 ]
Post subject:  Re: trading blogs

demosco wrote:
How do i edit SL and TP ,ive tried to do that before without success.and my second quesstion is Does the contest allow traders to make comment on thier Blogs ,cos the rules are so many ,need clarification


It is forbidden to modify SL and TP orders. Any kind of actions when a position is created is done with the position itself. Namely, you can only either close the position manually or wait until the SL/TP is hit. The respective functions are blocked in the contest platform.

Yes, traders are allowed to make comments on their blogs in their name. The restriction mentioned in the rules apply to cases when a trader comments himself from other "fake" accounts created obviously with the only purpose to "boost activity" around the main account.

Author:  Contest Support [ Mon 07 Feb, 2011, 08:38 ]
Post subject:  Re: Problem with TS

jo wrote:
Is there any body have problem setting trailing stop?
according to Dukascopy TS can be set from order page.But I can not set.Any advise?


Trailing stop is available on regular Demo and Live platforms.
In the contest platform the function is deactivated. Besides, modifying SL/TP is forbidden by the rules.

Author:  Contest Support [ Mon 07 Feb, 2011, 08:39 ]
Post subject:  Re: Close

micutzu wrote:
can i close manualy my positions!?


Yes, you can. Any position may be closed either manually, or with SL/TP. However, in terms of your statistics for the eventual Dukascopy evaluation a closure by SL or TP is preferable.

Author:  N/A [ Tue 08 Feb, 2011, 01:50 ]
Post subject:  Personal data

Dear Dukascopy.
I participated this contest with using my old sister data, because her documents is complete(like passport, address proof, etc). I scare when I win this contest, I need to send some documents to claim the prize, so I did it... But now, I my documents is complete. So, if I win the prize, can I use my Identity??? Or I must use my older data (my old sister data)?? Thank you.

Author:  snowshow [ Tue 08 Feb, 2011, 13:46 ]
Post subject:  fibonacci retracements

I can't delete the retracements on my chart.
I try to edit but nothing happen.
what's I must do to delete this on my chart?

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