Contest - mirusevxs33Thảo luận

lol... like you would share a successfully working EA..... Do your own work.

Freeloader...

@mirusevxs33 impressive results, does your EA run on a VPS or at home office ?

marty posted:
    I also invite everyone else to look through my comment history.. there's no conspiracy talk.. however, you will find that I'm well aware of market structure and regulations within the forex world. Think about that.

Actually, you have no clue marty...

Let the cow fly miru!! I do it every day on live accounts 😎

I am currently working on a similiar project for 6 months.
my logic is based on 2 brokers and hedged trades.
the main algo is same. Math.
everthing is good on demo. but when you go live,

- latency
- broker order execution speed
- old ticks
- requotes on DD
- slippage on STP or STP/ECN
- VDP setups on broker side

are the main problems.
on the other hand if you do it that frequent and with average 1-5m trade time you have the smoking gun in your hand.
you will be caught by the broker soon. and if you lucky you can get back your equity. or your order execution speed on broker side will be higher then 2-5 secs.

ıf you feel yourself lucky that not caught yet do not worry it will happen.

there are solutions for all those but need hard work. 😄

regards
walker

Thanks to all supporting me :) Am always glad when I meet joy...

@Steve, that is not the case, it is not good only on demo.
@ForexPro, Thanks! :)
@Rob, the second is true... no vps
@ijkuwari, sorry!
@Splexin, yeah, it is fully automated, just looking it few times a day.
@Will, sure, I do it... look max lot ... of 20 .... pffff
@benji, am not sure what you ask to do...?
@Dominic, Thanks! and for the dime too :)
@uriyaz, nope, sorry and thanks for the joy :)

Wish you best! :)

hey miru, your bot is really good. at that rate, i suppose u r already a millionaire????😉

just a suggestion. y not after this competition (to be fair), make your bot for sale. charge a $500 at least for it. all of us in the competition would have realise its ability already. n u would hv a at least a potential 1000++ clients. imagine hw much u would hv made man. haf a mill?? haha i m dreamig am i?😉

dylanlau posted:
    hey miru, your bot is really good. at that rate, i suppose u r already a millionaire????😉

If it worked he wouldn't be screwing around with a contest for 2,500.

<b>Guys, please note that this account has been disqualified from the contest as it's clearly seen that it is benefiting from price latency, specifically that of a demo platform.

Thanks.</b>

well... :)
I always presume that some reputation matters and acting just upon an assumption without giving *any* clues about, would be funny if it was not just sad.
Even the account is disabled by GoMarkets so even no statements - so, wonder who hide something...?
Disqualified upon an assumption ....may drive some negative reputation, right? Not to me btw :)
So, good luck GoMarkets! You do not like scalping, it is obvious! :)

Staff posted:
    <b>Guys, please note that this account has been disqualified from the contest as it's clearly seen that it is benefiting from price latency, specifically that of a demo platform.

Thanks.</b>

Clearly seen? Where is the proof of your statement/claim?

Without putting facts on the table your statement is utter worthless and a disqualification more than questionable...

https://www.forexfactory.com/showthread.php?t=5809

<span class='quotes'>expat1967 posted: <br> <b>Clearly seen? Where is the proof of your statement/claim?

Without putting facts on the table your statement is utter worthless and a disqualification more than questionable...</b><br>
Totally agree. You state 'clearly seen' so kindly qualify your findings rather than assume we accept your findings on the basis that you are staff. This is totally out of order, so afford us the information and allow us to make judgements based on facts !

It's not out of order at all.. GoMarkets made the call, not staff. The 'clearly' part is in his trade history if you need proof.

Well marty.... it would seem that appropriation of statements should be merited based on factual evidence. So here's your chance to educate novices such as I who would like proof of your claim. Also appreciate that my cynicism is based on one of the tall poppy syndromes, so common place in the trading arena, so please do not interpret my challenge as any more than a chance to explore your findings and learn. I am looking forward to this show of 'history' that demonstrates this.
J Pratt

He simply exploited the fact that a demo platform allows for executions that would not be executed in a live money trading platform.

prattpot posted:
    Well marty.... it would seem that appropriation of statements should be merited based on factual evidence. So here's your chance to educate novices such as I who would like proof of your claim. Also appreciate that my cynicism is based on one of the tall poppy syndromes, so common place in the trading arena, so please do not interpret my challenge as any more than a chance to explore your findings and learn. I am looking forward to this show of 'history' that demonstrates this.
J Pratt

Let's backup for a moment.

I want to address something first and foremost. It's not my place, nor my responsibility to educate anyone here on these boards.

The demanding nature most people take on when participating on online trading forums, to me, serves as a vile poison to the online community. Further to that, it greatly perplexes me that people dare to take a side in such matters without understanding the true underlying issue... It had nothing to do with this account preforming 'too well' vs the others. As you pointed out with the mention of tall poppy syndrome, you might believe this happened all over the account doing too well.. but if that's the case, then your world is being viewed through greed coloured glasses.

GoMarkets didn't cut this account down because it had the most monopoly money, that's just silly.

Ask yourself, why would GoMarkets disqualify someone from a demo contest? There's no monetary difference to them, at the end of the contest they will be paying out the same prize money. Right now, other contestants have reached near or greater results than this account, but they are left untouched.. what makes this account so special to be singled out? ...it wasn't real money being made after all.

The real problem here was 'how' it was being made.

You see, this shady contestant wasn't trading against the market, but instead using an exploit in the demo account and price feed to take quick but 'fake' profits.

The contestant used a method of trading against market making (MM) brokers and applied it to the demo contest. I posted earlier about this and I'll reiterate:

How it works is simple:

1 - The exploiter starts by signing up to a quote service to get real time price updates from multiple sources in the market, and ties this into his EA running on GoMarket's MT4.
2 - Market price for a given currency pair moves a few pips suddenly.
3 - The exploiter's EA realizes that GoMarket's quote hasn't adjusted to the new price, and opens a trade that will be profitable once the price change has been realized by GoMarket's quote feed.
4 - The trade is then closed within seconds to book profits. Often these profits are only a fraction of a pip since the delay in price feed and differences in quotes is often quite small.

The contestant's particular EA goes a step further and uses the small price advantage as the opening of his trade, sometimes letting a profitable trade run for a few pips in a profitable direction before closing.

This is a huge problem for brokers who act as a market maker since they'll never have a chance to hedge their side of the trade... any system they have to hedge their risk fails since the market would have already moved off quote from the price they delivered the client. That being said, nearly all brokers who act as a market maker have a system setup to catch and eject people trying to exploit them (it's all too common to see threads start up in forums about brokers who refuse to pay out profits but give the initial deposits back to an offending client.. these are usually related lag/price-delay trading.)

How to tell if someone is exploiting price delays is quite simple:

- Average duration is in the seconds, some as short as 1 second.
- Despite the second(s) long duration, the profit realized in such short time frames is substantial.
- Putting these two points together...just run the probabilities that an account can cleanly catch 10+ pip moves within a second's time to open and close a given trade, and do so on a consistent bases with a 90%+ win percentage. It becomes statistically impossible.

GoMarkets won't have this problem on live accounts since they are an STP broker. This is a problem that plagues market makers. Since this is a demo contest however, the demo platform is susceptible to such exploits.

All that being said, I hope thing brings you to the realization that this contestant was robbing each and every other contest participant of a chance to place high in the rankings on trading skill. Had he taken first (as was his placement before being cut out of the contest) he was robbing 2nd place of 1st place's prize money.

Further, his trade results would just confuse the people looking to learn from the analytic studies of his account long after the contest is over... (which if you haven't already done so, check out the winners of the past contests and see their trade records. Its a great resource and gives you an idea of how profitable people trade.)

The spirit of this contest is about trading.. not exploiting a glitch in the price feed.

... I don't mean to come off so harsh, but do understand how infuriating it is to be questioned by the people who'll benefit the most from his person's ejection from the contest. It's not even logical why some people will defend him, demand evidence that's available right in his trade records, and even ask to buy his EA off him... but then again, when greed is involved logic can go out the window.

That's it, I'm done with this topic.. if you want to know more, do some research on price delay (lag) trading and how they plague market makers.

lol 'this shady contestant' :)

'check out the winners of the past contests and see their trade records' - are you serious??? do you really advise novice traders to learn from there? do you do/did that :))))

'That's it, I'm done with this topic..' - oh, really? you like to do that on daily basis :)

giving homework to other, try to do it himself first... you are with feelings that you know brokerages and how they work, but for sure you know no more than advertisings :)

but enough with free advises, you may deserve it, but i have no time for that :)

good luck