GabsonFX:
Heheheheh, I copy you this time....but chai, took me precious time to find one wey go suit ooooo.

Na u be oga for meme here on FTA.

Donsheddy:


You're allowed to open 0.05 lots on pairs... As long as it's just one position...
The rule is at no point...
Should the summation of your lots in an open position exceed 0.05....
Any how you wan take trade am...
But floating lots shouldn't be above 0.05 at a Time

Donsheddy:


It is still the same thing
If you're trading a single pair...
You can have one active trade of 0.05...

Cus 0.01*5 = 0.05

NetValueFX:

No, maximum lot is 0.01
If you need 0.05,you open five positions. Trading a single position with 0.05 will get you disqualified

Theyoungmaster:



Exactly. So many people have broken the rules already. They should have asked for clearer explanation. Nawao! This is so unsophisticated. Local man can't can.

Theyoungmaster:



Nah bruv. That ain't on point. Someone raised this exact scenario while we were all deliberating on the new rules before the contest started. The organizer said it's about making sure the winner has the most pips count. If I'm trading all 0.01 lots and you're going hard with 0.05 lots, how do you think I can win with highest number of pips? Lemme bring this home a bit, last night I looked at your trade history and noticed you're trading 0.05 lots all along. I was clocking close to 100pips while you were around 40 or so. But then You were ahead of me on the table. I've been trading strictly as the rules stipulate; 0.01 lots. You were trading 0.05. Is that a level playing field? Think am brother.

Donsheddy:


It is a level playing field my brother....
As long as I don't go above 0.05 lots in a single position.....
You definition of catching pips is quite amazing....


Let's assume we both see a 10 pips move on EurUsd...

I decide to jump in with 0.05 lots...

System will record just 10 pips....

And you see that same move and decided to jump in with 0.01 lots 5 times..

The system will record 50 pips...

But the truth is you didn't catch more pips than I did...
We caught the same pips....


Now your profit will be calculated


0.05 * 10 at 10 dollars per pips...
I will make 5 dollars


And you will also close at 5 dollars....

You grab....
As long as I don't exceed 0.05...

What's the difference between someone that open 5 positions at the same time on the same pair and someone that opened one Position with 0.05...

But are taking same risk and money management...

Simple maths bro

Theyoungmaster:




All these illustrations have been ironed out already before the contest started. There's no point in overflogging an issue that was duly deliberated upon and a consensus reached. Going contrary to that consensus is tantamount to disqualification. Centris paribus.


Over and out.

Theyoungmaster:




All these illustrations are inconsequential. Matter of fact, this exact 10 pips scenario have been ironed out already before the contest started. There's no point in overflogging an issue that was duly deliberated upon and a consensus reached. Going contrary to that consensus is tantamount to disqualification. Centris paribus. I would have drawn up another scenario to rebuff your 10pips scenario but then to what end? The organizer has already ruled on all of it and we agreed before contest started. There's no smartness in interpreting the rules to suit you. You know better not to slim fit an examiner's instruction to suit you. Rules are meant to be followed to the letter.


Over and out.

Donsheddy:


What consensus again...
Disqualification as how...
Max lot 0.05...
If you're still feeling cheated...
I don't what else to say to you bro

Donsheddy:


Please draw out the scenerio...
I'm not trying to play smart bro...
At no point in the contest have I gone above 0.05 at an opening position....

Theyoungmaster:



E mi keh? Cheated? Nah! It's all about following laid down rules. It's a life hack.

Theyoungmaster:


I'd rather let it slide. Got something else I'm working on right now. Plus exams are in-view. No time for long epistles. I could send a voice note later though.

Donsheddy:


It is a level playing field my brother....
As long as I don't go above 0.05 lots in a single position.....
You definition of catching pips is quite amazing....


Let's assume we both see a 10 pips move on EurUsd...



I decide to jump in with 0.05 lots...

System will record just 10 pips....

And you see that same move and decided to jump in with 0.01 lots 5 times..

The system will record 50 pips...

But the truth is you didn't catch more pips than I did...
We caught the same pips....


Now your profit will be calculated


0.05 * 10 at 10 dollars per pips...
I will make 5 dollars


And you will also close at 5 dollars....

You grab....
As long as I don't exceed 0.05...

What's the difference between someone that open 5 positions at the same time on the same pair and someone that opened one Position with 0.05...

But are taking same risk and money management...

Simple maths bro

Depressed111:




U are talking of exams, when u can not even understand simple maths


0.01 lot on 5 different pairs = 0.05 lot


0.05 lot on one pair = 0.05 lot



There is no different between them, infofirst should come and address this issue, if he will accept it, then fine, if he will not then still fine



At least he should say something about it, instead of just keeping quite and observing

Depressed111:




U are talking of exams, when u can not even understand simple maths


0.01 lot on 5 different pairs = 0.05 lot


0.05 lot on one pair = 0.05 lot



There is no different between them, infofirst should come and address this issue, if he will accept it, then fine, if he will not then still fine



At least he should say something about it, instead of just keeping quite and observing

Theyoungmaster:



...and you literally had to throw a shade? SMH!

Competition rules
READ THE RULES CAREFULLY.

Maximum leverage allowed is 1:30,
Currency pairs and gold only.
Maximum (highest) lot / trade is 0.01lot(10cents/pip). Total lot size that can be opened is 0.05lots at a time. No pin to secure trades.


If you digested the rules properly, then tell me how you can open a single trade with 0.05 when the rule said "MAXIMUM(HIGHEST) LOT /(I.e per; for a single) TRADE IS 0.01....?

Depressed111:




U are talking of exams, when u can not even understand simple maths


0.01 lot on 5 different pairs = 0.05 lot


0.05 lot on one pair = 0.05 lot



There is no different between them, infofirst should come and address this issue, if he will accept it, then fine, if he will not then still fine



At least he should say something about it, instead of just keeping quite and observing

Theyoungmaster:



...and you literally had to throw a shade? SMH!

Competition rules
READ THE RULES CAREFULLY.

Maximum leverage allowed is 1:30,
Currency pairs and gold only.
Maximum (highest) lot / trade is 0.01lot(10cents/pip). Total lot size that can be opened is 0.05lots at a time. No pin to secure trades.


If you digested the rules properly, then tell me how you can open a single trade with 0.05 when the rule said "MAXIMUM(HIGHEST) LOT /(I.e per; for a single) TRADE IS 0.01....?

NetValueFX:

The rule said maximum lot allowed is 0.01. That means trading a single 0.05 is not allowed. Basic English!

ogashman:
Pls guys how do I make my profile accessible to all?....just discovered it is restricted

SystemBet:
I expect a little correction on GU before another mad drop

Theses are my short term analysis

Jospido000:




Body is talking about the rules, what we are saying is they should add a new rule to the former rule, and the new rule should be "those that trade only one pair can place 0.05 lot on a single trade at once"




Simple logic

NetValueFX:

That logic is quite poor because the contest is all about pips making and not account balance. Anyone with basic quantative reasoning would know that 5×0.01 will produce 5× more pips than 0.05.

Donsheddy:


Una funny Sha... Let's assume....

I place a buy trade on....

Gbpusd..

1.41400 and tp is 1.41500
With 0.05 lots...


Then another trader place same trade...

1.41400 and to 1.41500...
With 0.01 lots 5 times
Same time...

So you're trying to tell me that he caught more pips than I did abi....

Na wa oh

In real sense we took the same the risk simple...

Cus if I have 5 percent drawdown he will also have 5 percent drawdown....

NetValueFX:
. All the person needs is to log in as long as there is no pin.
Basically what that means is that anyone not registered on Fxblue can't view your profile

ogashman:


I'm always logged in....so that means all correct ryt