Chinook's EUR/USD (E/$)Mumblings
- Thread starter chinook
- Start date
Perhaps consider to get this prize.
Quote from OddTrader:
Here is a very interesting "offer":
A MILLION DOLLAR PRIZE
http://www2.oanda.com/cgi-bin/msgboard/ultimatebb.cgi?ubb=get_topic;f=16;t=003827;p=1#000000
Q
There is simply NO CHANCE to produce consistent trading profits in excess of, say 10-15 pips of eurusd a day, no matter how clever you are.
If anybody claims the contrary, I am ready to take up the challenge.
If anyone is willing to enter a 100:1 contest, I promise to pay 1.000.000 USD in one year's time, to anyone, who is able to deliver consistently, for a full calendar year, trading signals on eurusd, which would have the following characteristics:
- the signals have to be defined precisely (stop or limit orders), and in time to get implemented ( at least 1 minute ahead of execution)
- the MM of choice will be Oanda - their spread is certainly not a hindrance, and their stop and limit execution is not worse than that of UBS, thus their fills will be the proof of the performance
- the maximum nominal stop will not be higher than 30 pips
- there have to be at least 4 trades each week
- there has to be no losing month
- the average weekly profit has to be not less than 100 pips (taking into account Oanda's execution)
If all these conditions are met I WILL PAY 1.000.000 USD to the signal provider at the end of the year. However, if the signals should result in a loss at the end of the year, the signal provider will pay me 10.000 USD as compensation for the waste of time and money.
If the result should be positive, but less than defined above, I will pay a compensation on a discressionary basis.
UQ
Quote from OddTrader:
Perhaps consider to get this prize.
I don't think so. I don't need his money. If all goes well and I'm constantly turning out profits week after week including my living expenses then why would I settle for making myself a slave to another? When you manage other peoples money they call all the shots. Now if I'm misunderstanding the offer perhaps I would take someones money as a bonus. But why would a total stranger offer to give away $$ just because I was profitable. Ah, there is a catch. He wants you to manage HIS $$$.
........IIIIIIIIIIIIIIIIIIII DON'T THINK SO!
Quote from FX MENTOR:
I don't think so. I don't need his money. If all goes well and I'm constantly turning out profits week after week including my living expenses then why would I settle for making myself a slave to another? When you manage other peoples money they call all the shots. Now if I'm misunderstanding the offer perhaps I would take someones money as a bonus. But why would a total stranger offer to give away $$ just because I was profitable. Ah, there is a catch. He wants you to manage HIS $$$.
........IIIIIIIIIIIIIIIIIIII DON'T THINK SO!
Obviously your're highly skilled in comprehension.
