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What strategy should I use in a contest?

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  • What strategy should I use in a contest?

    Hello all. I'm quite new to trading. Few weeks ago I bought myself an EA (that's another story). When I was looking for an EA i came across a site (www.mt4brokersreview.com) thats hosting a contest and I decided to enter (could be that I'm a little too confident but what the heck). The prize money is too big to miss on.
    Now I'm not quite sure how to go about it. I've never been in a contest like this before. What would you recommend a newbie like me to do? How to start? Is it even allowed to trade with EAs in contests?
    What would be the best strategy to use?

    Thanks.

  • #2
    if its one of those one month contests "average down" its how most contest winners win contests anyway, its not going to help you one bit in real life trading for a living but if you're lucky you may just win the contest.

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