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Joined: Mon 15 Aug, 2011, 11:37 Posts: 17 Location: SpainSpain
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THE IMPOSIBILITY TO USE MARKET ORDERS
Im going to put objectivly 5 reason why this is so bad, I will not try to understand why this rule is in place because is imposible unless someone explain that to me.
Five reasons:
1.- REAL TRADING INCLUDES MARKET ORDERS. 2.- LOT OF TRADING SYSTEM USES ONLY MARKET ORDERS. 3.- TO ADAPT TO REAL TIME MARKET WE USE MARKET ORDER NO ENTRYS ORDERS. 4.- IF YOU NEED TO MEASURE THE ABILITY OF A TRADER USER MAX.DRAWDOWN AS STAT JUST AS WE ARE DOING IN THE STRATEGY CONTEST AS LOGICAL. 5.- PENALIZING MARKET ORDERS GIVES AN IRRATIONAL AND INJUSTIFICABLE ADVANTAGE TO THE TRADERS THAT USE A METHOD INSIDE THOSE PARAMETERS! BUT IN TRADING THERE ARE NEAR INFINITE METHODS TO MAKING MONEY. CAPPING THE CONTEST THIS WAY HAS NO SENSE.
Sorry for the caps but this rule has to be changed, it has made by someone who has never traded for a living 100%, and probably not a trader himself.
Do you have an opinion about this rule? Share with us Smile
Belikewater
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