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Trading IQ Game - Tutorial video and trading controls
Learn how to use the trading controls and features based on live futures, forex and stock data for a beginner and expert to hone their trading skills
Watch the short tutorial video and pick up hints on how to win big during each 5 minute session. Free to use and fun to win the prizes
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Trading IQ Game tutorial video and control instructions Please note this video was made more than 11 years ago so you can ignore comments about Java and NinjaTrader prizes. The current prizes are shown on this page Most of the game controls are the same so it is still worth a watch but the newly added trade reports are shown on this page |
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This above is just a snippet. You can watch the full video here on Youtube |
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| Trading IQ Game World Championship instructions rules and info |
This is a FREE TO ENTER competition which runs annually from January 1st to December 31st and has prizes of my products and also to the 1st place winner of the World Championship is a lifetime license to MultiCharts who currently and sponsor the Trading IQ Game. You are allowed to create multiple accounts and play as many times as you wish. No age restrictions to entry. The winner will be the player having the highest score from a total of 15 games or more in the World league table In the event of a the Trading IQ being a tie the player with the highest equity to 5 decimal places will be deemed as the winner. If both have identical equity the player who played the most games will be deemed as the winner. If both have an identical number of games then the younger of the players will be deemed as the winner. If the ages are identical to the date of birth then the players may have a boxing match to settle it. |
| You are allowed to create multiple
accounts and play as many times as you wish. No age restrictions to entry. Age 0 to infinity. If playing from within the womb was possible, then I would allow it as you are never too young to learn. The winner must provide id evidence and a photo to be posted on the hall of fame page or they will not be able to receive any prizes. Trading IQ Game creating an account You can enter your details on the sign up pages and you will receive a welcome email. Trading IQ Game editing your age and gender and location on your account. Go to the World Championship table then click on edit my details at the bottom. To make sign up faster, a random age and gender are initially chosen If you wish to edit your details you can do so by visiting the update account link at the bottom right of the game pop up ( must be signed in first ) |
| How to place trades in the Trading IQ Game
If you close the deal ticket by mistake, click on the bid ask buttons to raise it again. The deal ticket can me dragged around to suit Click Ask to buy and Bid to sell |
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How to adjust the amount of your equity you want to risk on each trade On the deal ticket it is essential to adjust the amount of money (equity) as a percentage you wish to risk on each trade. A suggestion would be to start with a small amount between 1 and 5% until you gain confidence to trade better. As a general rule of thumb, it is not wise to rise too much on each trade as you can very quickly lose a large amount of your play money. Figuring out your optimal equity risk is one of the key elements to successful trading and investing. You can learn more about this on these pages. To adjust equity risk per trade, simply click on + or - until the desired value appears in the deal ticket |
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| To adjust your default stop loss distance simply click on + or -
until the desired distance percentage is shown Inside the deal ticket you need to set the default stop loss percent distance you require for each trade, an important aspect or edge to your trading is achieved by setting to correct distance. As if you have chosen to use 10% equity risk and a stop loss distance of 10% then you will be using gearing ( buying or selling more value of shares than you have in your account) Suggested stop loss distance between 5% and 40% depending on each market traded. You need to assess the volatility of the data of each session to select the correct stop distance percent. Again this point is crucial to making a winning trader. |
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| To adjust your chart zoom, click on + or - to zoom in or out Chart zoom function ( press + to get close up and press - to see more long term view of the data. Any good technical analyst will tell you how important it is to be able to read charts. You need to check the long term view by zooming out occasionally and get a closer view for trading signals to decide entry and exit point. |
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How to use the Trading IQ game stop loss slider The stop loss slider will appear in red if you are long ( buying shares ) and will be below the price. If the price falls to touch your stop loss it will trigger a "sell at market order" which will close your trade for you in 500 milliseconds. You may not get filled exactly at your stop price and this feature is designed to add realism to the game. You can move the stop loss higher as your trade price rises as its generally a good idea to follow your trade higher to lock in some profits. If you place a short trade ( Short selling of shares to profit from a movement downwards ) then the slider will appear in light blue about the price. If the price rises to touch the stop loss then this triggers a sell at market order, and will close your trade in 500 milliseconds. You may not get filled at your exact stop loss price and this is called slippage and adds stock market realism to the game. You can move the stop loss higher or lower and its generally a good idea to follow your trade higher to lock in some profits. Please note if you set the speed controls to a slower level you will experience much less slippage on your stop loss orders. |
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Trading IQ game main panel figures explained The default stop loss distance % is the preset distance you chose in the deal ticket. E.G If you buy at 100 and set the stop loss distance to 10% then your stop loss will be at 90. Each time you log in to the game area you will need to set this up. The default % of equity risked per trade value displays how many percent of your equity you chose to risk E.G If you set this to 10% and you have 10,000 equity the trade will risk 1,000 ( subject to slippage ) Profit loss this game This shows how much money you have made or lost in the currently played game. Equity This simply means how much play money you currently have in your free account. Mins remaining. This shows you the time left to play the current game, and you can speed it up or slow it down by altering the speed controls at the bottom right. Trading IQ rating This is an algorithm devised to condense your skill, risk control and ability into a single number. You will see it rise and fall basis of your performance over the course of the games. Open trade profit-loss. This shows how much money you made in the currently open trade. Equity risk this trade. This shows the risk in money terms of the current open trade (The value will be red if you have a risk, but as you move your stop loss to reduce risk and lock in profits it will turn blue indicating the risk of loss is gone) Current position. If you buy shares You are long, if you sell the shares you just bought you are Flat. If you sell shares short then you are short. The amount of shares you traded and the entry price are shown next to it. Stop loss level. This shows the level your stop loss is at on the open trade and will change colour depending if your stop loss is a buy order or a sell order. |
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| The object of trading is to win without excess risk | Trading IQ Calibration |
Learn how to be profitable with trade report tips |
| IQ > 2000 =
Elite class
trader top 0.01% IQ > 1900 = Outstanding professional trader IQ > 1800 = Expert professional trader IQ > 1500 = Good professional trader IQ > 1300 = Average professional trader IQ > 1200 = Good trader IQ > 1100 = Improving trader IQ > 1000 = Typical trader |
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IQ > 900 = Typical trader IQ > 800 = Trainee trader IQ > 700 = Beginning to show potential IQ > 600 = Practice can raise standard IQ > 500 = Showing signs of promise IQ > 400 = First signs of promise IQ > 300 = Would benefit from more study IQ < 200 = Needs to study basics IQ < 100 = Not ready to risk own capital |
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Most will not make it to this side |
Destiny is not an accident - It depends on a mindset | Never lose faith - Learning helps statistics |
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The Trading IQ Game by Roger Medcalf of Precision Trading Systems
List of innovate features in the new version which is 100% free to use Trading IQ Game prizesinformation |
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The comprehensive trade reports generated after each 5 minute session shows you how to increase your returns and reduce your losses (See example report here) |
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| Admin notes |
| Page created on September 17th 2023 - New responsive page GA4 added canonical this. 5/5 html sm links added - replaces old page from 2010 |