Donald Trump 2017: The Rise and Crash of the Dollar
Logo

Login

Log in with
This topic is closed.
X
X
 
  • filter
  • Time
  • Show
Clear All
new posts
20
  • #1 Collapse

    Donald Trump 2017: The Rise and Crash of the Dollar

    Contest Regulations for Donald Trump 2017: The Rise and Crash of the Dollar

    1. The contest is held between 19.06.2017 00:00(GMT+2) - 03.07.2017 23:59 (GMT+2).

    2. To become a Participant, a member must make a post in contest thread stating "I want to Participate" as early as possible. Registration will close on DD.MM.2017 23.59 (GMT+2). And then, the participant must whether between these option:

    the US Dollar index (USDX) will stay between ???~??? at the end of the contest
    the US Dollar index (USDX) will go above ??? at the end of the contest
    the US Dollar index (USDX) will go below ??? at the end of the contest
    (will be announced 1 week before the trading contest begin).

    At the end of the contest, we will see which option is correct. Those who take the correct option will gain 30% on top of their final equity. The data that will be used for the US Dollar Index can be found only in Instaforex MT4 trading platform. Participant must open a new contest account by going to this Special Registration Link (will be updated later).

    3. Every member of MT5 Forum can join this contest however, only those who joined on or before March 1st, 2017 are eligible to win the prizes. Which means those who join after March 1st, 2017 can not win any of the prizes.

    4. The goal of this contest is to get as much profit as possible with 2 conditions.

    The first condition is you can only trade a pair that has USD in it. For example:

    you can trade:
    EUR/USD
    GBP/USD
    AUD/USD
    USD/JPY
    USD/CHF
    USD/SGD
    and so on because they HAVE USD in it.

    you can't trade:
    GBP/JPY
    AUD/CAD
    CHF/MXN
    NZD/CAD
    and so on because they DON'T HAVE USD in it.

    The second condition is you can only buy or sell during the entire trading week but you can switch side during the weekend and trade the other side for the next trading week. For example:

    you choose to be on the sell (short) side for the 1st week. This means you can only open a sell order and then close it with buy order during the entire trading week. You can't open a buy order and then close it with a sell order during the entire trading week. This also means hedging is not allowed. If you decide to switch side for the next week you have to make sure that you have closed all of your sell position(s).
    For the second week you choose to be on the buy (long). You can only open a buy order and then close it with a sell order during the entire trading week. You can't open a sell order and then close it with buy order during the entire trading week. If you decide to switch side for the next week you have to make sure that you have closed all of your buy position(s).
    For the third week you can choose to be on the sell side again and the same rule apply just like the first week.


    5. The Participant must open a demo account with InstaForex Company via this Special Form. The parameters for this contest account (USD 10,000 balance and 1:50 leverage) are set automatically. In the process of registration you must use your forum username (user ID) in the account holder field to make it easier to recognize and evaluate. The Participant should keep the account password safe as it cannot be restored if lost.

    6. No advisors are allowed to be employed on the contest account and option trading isn't allowed.

    7. Working on the contest account should comply with the rules set by InstaForex Company for servicing real accounts.

    8. Each participant will have only one chance. If he/she blows his contest account, there won't be a second attempt.

    9. The Participant opens his/her own contest thread in DT 2017: The Rise and Crash of the Dollar section specifying his/her account number and a precise short description of the strategy. For example, "XXXXXX - Trade midterm all GBP pairs using Fibonacci", where XXXXXX is the trader's account number. The publication of the investor-password is must.
    10. The Participant must explain the actions taken during the contest period such as the open or close (partially close as well or stop loss
    and take profit in the thread that he/she created (see point 10) also what triggered the decision to open or close a deal. The description is to contain the number of a certain trade or order. The format is as follows:

    Trade Details:

    Trade No. : 1
    Order No. : 845065643
    Order Type: Sell Stop
    Open Price: 1.4050
    Stop Loss: N/A
    Take Profit: 1.3000

    Volume: 3 lot

    Reason For Open:

    I found the pair is losing bull power and probably retrace few hundred pips found in daily chart and H4 chart. Strong resistance was there around 1.4175. So first up I placed a pending order. The red arrow pointed right side shows the open time and price.

    Reason For Close:

    Close Price: 1.4100

    I found the price was moving high and as I decided to open some spot order better to close it.

    Trade Result:

    Profit/Loss: Trade was deleted so no profit or loss.

    10. The Participant must explain the actions taken during the contest period such as the open or close (partially close as well or stop loss
    and take profit in the thread that he/she created (see point 10) also what triggered the decision to open or close a deal. The description is to contain the number of a certain trade or order. The format is as follows:

    Trade Details:

    Trade No. : 1
    Order No. : 845065643
    Order Type: Sell Stop
    Open Price: 1.4050
    Stop Loss: N/A
    Take Profit: 1.3000

    Volume: 3 lot

    Reason For Open:

    I found the pair is losing bull power and probably retrace few hundred pips found in daily chart and H4 chart. Strong resistance was there around 1.4175. So first up I placed a pending order. The red arrow pointed right side shows the open time and price.

    Reason For Close:

    Close Price: 1.4100

    I found the price was moving high and as I decided to open some spot order better to close it.

    Trade Result:

    Profit/Loss: Trade was deleted so no profit or loss.

    11. The Participant should mention the indicators that will be used during the contest period. Also he must mention the indicators’ link in Indicators Section of MT5 Forum. To search the thread on your indicator in Indicators section, you can use This thread. If the participant is to use such an indicator which doesn't have a thread on our forum, he must create a thread on in Indicators Section of MT5 Forum.

    12. The Participant must close at least 10 trades with a total value of 10 lots during the contest period.

    13. Every trade must be closed by the time the contest end. In case a position is open, the Participant’s score will be the value shown in "Equity" parameter. If a Participant doesn't open any trade during the contest, he won't be considered as a valid participant.

    14. Here’s how the winners will be selected:

    14.1 Only those with at least 5% profit will qualify as winner’s candidate. The top 5 rank will be chosen and then their balance might or might not be adjusted according to their option at the beginning of the contest and then the new final top 5 will be announced as winners.

    14.2 There will be one record breaker prize. This prize will be given to anyone who can beat Hera Wati's score of $2,311,319.23 at the end of the contest. If no one manages to surpass it, no one will get this prize.

    15. The total prize pool is $???? with the following distribution:

    1st prize $400
    2nd prize $300
    3rd prize $250
    4th prize $200
    5th prize $150

    Extra prizes:
    The contestant with the highest Profit Factor at the end of the contest will get $100
    The contestant with the highest Hit Rate at the end of the contest will get $100

    So if a contestant win the 1st prize and he also has the highest Profit Factor then he will get $400 and another $100.
    And if a contestant win the 1st prize and he also has the highest Profit Factor plus the highest Hit Rate then he will get $400 + $100 + another $100.

    The record breaker's prize is $500.

    The prize is unavailable for withdrawal and it can only be used as extra trading balance in your bonus account that you attached in your forum profile. All profit resulted from your trading is available for withdrawal.

    16. Anti-Fraud policy.

    16.1. The administrators of the contest warn that non-trading methods of competition leading to the guaranteed prize are prohibited; in particular, the confederacy of the Participants with a target of registering numerous accounts and opening differently directed deals on the same instrument. For such actions the Participants will be disqualified.

    16.2. InstaForex Company has a right to ask the administrators of the contest to consider the issue of the Participant's disqualification in case of revealing scam electronic advisors, using the faults of the Company's software support with an aim to get the guaranteed profit by the Participant.

    16.3. For the actions which contradict the rules of the contest the Participants will be disqualified.

    17. The administration takes decision at its discretion in relation to the situations that are not covered by the present Regulation.

    18. MT5 Forex Forum and InstaForex have the right to publish the complete trading strategy and full trading statement of the winners in any way most fitting to MT5 Forex Forum and...
    Guest's Avatar
    Last edited by ; 06-06-2017, 04:21 PM.

    Payment proof can be found in here:
    https://forum.mt5.com/forumdisplay.p...-Payment-Proof

    Everything you need to know about forex trading can be found in here:
    https://forum.mt5.com/forumdisplay.p...orex-Education
  • <a href="https://www.instaforex.org/ru/?x=ruforum">InstaForex</a>
  • #2 Collapse

    Discussion is now moved to the original thread in the correct sub-forum:

    https://forum.mt5.com/showthread.php...-of-the-Dollar

    Thank you!

    Payment proof can be found in here:
    https://forum.mt5.com/forumdisplay.p...-Payment-Proof

    Everything you need to know about forex trading can be found in here:
    https://forum.mt5.com/forumdisplay.p...orex-Education

    Comment

    Advanced mode

    Online

    Loading...
    X