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Thread: Contest "Champions vs Rest of the World" Rules

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    Default Contest "Champions vs Rest of the World" Rules

    1. The contest is held between 09.09.2013 00.00 (GMT+3) - 27.09.2013 23.59 (GMT+3).

    2. Contest registration finishes on 08.09.2013 at 23.59 (GMT +3).

    3. Any member of MT5 Forum who joined on or before 25th August 2013 can take part in the contest.

    4. The competition is held between teams - "Champions" and "Rest of the World".

    5. Champions team will have all those participants who have won any trading contest on our forum in past. A list of all such users can be found here. Rest of the world team will have all other normal forum members who wanted to join the contest. A champion can't join Rest of the world team nor a normal member can join champion's team.

    6. The contest participants' mission is to earn the biggest profit shown in "Equity" indicator by the contest end.

    7. The Participant opens a demo account with InstaForex Company via The Special Form. The account parameters (USD 10,000 balance and 1:500 leverage) are set automatically. In the process of registration in the account holder field it is necessary to indicate the forum nickname. The Participant should keep the account password safe as it cannot be restored if lost.

    8. No advisors are allowed to be employed on the contest account.

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

    10. The Participant opens his/her own contest thread in the section Champions vs Rest of the World in their team subsection specifying his/her account number and providing a very precise short description of the strategy in the form of, for example, "XXXXXX - trade midterm EURUSD, GBPUSD, GOLD, apply MACD", where XXXXXX is the trader's account number. The publication of the investor-password is must.

    11. The Participant is to explain the actions in relation to every deal, open or close (partially close as well), or fixing profit in the topic thread (see point 10), in particular, what triggered the decision to open or close a deal. The description is to contain the number of a certain trade or order.

    12. Every participant only have one chance. There will be no second attempt.

    13. The Participant must close at least 10 trades which will be taken into account with the total value of 10 lots on his contest account during the contest. If this requirement is not met, his result will be counted in final team score but he will not get a prize.

    14. For the moment of the contest finishing all positions of the Participant should be closed. In case a position is open, the participants score will be the value shown in "Equity" parameter. The Participant who did not open any trade for the contest period will not be counted in final result.

    15. The final team's score is calculated by the following formula: [sum of all team's participants score] / [number of valid participants in the team].

    16. The team which gets the highest final score is declared as winners.

    17. The total prize pool is $3100. The Prize Distribution will be as follows:

    1st Member of the winning team: $400
    2nd Member of the winning team: $300
    3rd Member of the winning team: $200

    4th-10th Member of the winning team: $100
    11th-30th Member of the winning team: $50
    31st-50th Member of the winning team: $25

    Prizes are only given to all those participants who end up in profit. The prize amount is unavailable for withdrawal and accrued to the member's real trading account with InstaForex attached to his forum profile. All the profit earned during trading operations is allowed for withdrawal with no restrictions.

    18. Anti-Fraud policy.
    18.1. 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.

    18.2. 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.

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

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

    For the contest discussion go here
    Last edited by Toxic; 26-08-2013 at 05:18 PM.

  2. 10 users say Thank You to Toxic for this useful post.

    acushnir (09-09-2013), Aviz (28-08-2013), dzin4aans (31-08-2013), forexaddict (07-09-2013), forexianz (28-08-2013), hwaleed (30-08-2013), Mummyz (09-09-2013), National Guard (28-08-2013), Passionate Pisces (02-09-2013), PhantomTrader79 (27-08-2013)

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