After participating in the Dukascopy Forex Strategy Contest for over a year, I finally won a monetary prize of $500USD for my efforts in December. Winning in the contest requires writing a strategy that risks more than I normally would in real life, with real money. More than 20 times.
Here's the link:
http://www.dukascopy.com/strategycontest/?action=blog&trader=eagl&month=201212
You may have noticed that I win only 25% of the time in the contest for December. But I still manage to double my capital. How's that, you may ask? Well, my losses are small relative to my wins. Remember the golden rule of trading? Keep your losses small and ride your wins high. That's my strategy in action!
Disclaimer: Please do not use my strategy in real life. It risk too much. In real life, this translates into a heart-pounding roller coaster ride!
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