Forex Demo Account Contests and EAs?
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Thread: Forex Demo Account Contests and EAs?

  1. #1
    Hi,

    You will find many Demo Account competitions going on giving away hundreds of thousands of dollars, which that I have a few questions:

    How do so many men and women accumulate thousands of pips in one month?
    Do they utilize an EA that somehow just operate on demo accounts?

    Any input is appreciated, thanks.

  2. #2
    Interesting, nevertheless I can't get my mind about how they do it'successfully'.

    I doubt many people here onforexforum.co.zacould also get 1000 pips per month successfully (myself included), whereas those guys earn upward of 13,000 pips each month.

    Is that possible or do EA's exist which work so well on demo?

  3. #3
    Quote Originally Posted by ;
    I doubt many people here onforexforum.co.zamay even get 1000 pips per month
    Please don't feel that since you can not do it (so far) that means that other can not...

    I currently possess on a Live account 1,200 cumulated pips at numerous positions opened on last thursday...

  4. #4
    Quote Originally Posted by ;
    quote Please don't think that since you can't do it (so far) that means that other can't... I currently have on a Live account 1,200 cumulated pips in numerous positions opened on last thursday...
    Wow, well done. I guess it'is' humanly possible to collect thousands of pips per month. That answers my question.

  5. #5
    Quote Originally Posted by ;
    quote Wow, nicely done. I guess that it'is' humanly possible to accumulate thousands of pips each month. That answers my question then.
    Keep in mind that if it's possible to make thousands of pips each month... it's also likely to lose thousands of pips each month.

  6. #6
    Quote Originally Posted by ;
    quote Keep in mind that if it is possible to make thousands of pips each month... it is also possible to lose thousands of pips each month.
    That's why I respect the people who can keep these thousands of pips on a monthly basis.

    It is fairly hard though to lose thousands of pips each month, I've tried. I just can't do it either way.

    Some demo competitions don't even enable the winner to go into after he won the previous month, or he'll do it over and over again and scoop up the real money prize.

  7. #7
    Quote Originally Posted by ;
    ... I currently have on a Live account 1,200 cumulated pips in multiple positions opened on last thursday...
    All closed for a cumulated 1,100 pips or so...

  8. #8
    Wow, how do you do so? I gained about 30 pips since last week thursday.

  9. #9
    Quote Originally Posted by ;
    Wow, how do you do so? I've only gained about 30 pips because last week thursday.
    24 pairs ...

  10. #10
    Quote Originally Posted by ;
    quote 24 pairs...
    Hi , I Have learned about u, Have u got ur own thread, I believe Volume and Fibonacci Retracement and PASR are the best???? , I don't believe in E A,And I'm using weekly charts, would like to learn from you please Malcolm.

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