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Thread: "Strategy contest". Rules and requirements

  1. #1
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    "Strategy contest". Rules and requirements

    «Contest of strategies» is will be held on the Forum of Roboforex company between April 30 and June 27. Any user of the Forum can join the contest. Basic rule for joining the contest is accepting present Rules and requirements.

    Results will be announced June 30. Prizes will be distributed among participants June 30.

    How to participate

    To participate in the contest, it’s required to create a thread in the section of the Forum «Strategy contest».

    One user can create up to 5 threads. New thread can be created only after previous thread is verified by moderator and gets «Contest» status.

    To monitor a strategy, one should open demo-account in Roboforex trading terminal. Fill in name of your strategy in «Name» blank when opening demo account for the sake of convenience. Demo account is necessary to make screenshots describing rules of the strategy as well as executed trades.

    Participant of the contest should make 5 trades or more and provide full explanation of them.
    Every post should contain description of just one trade and the following necessary information: Account number (login), investor password, currency pair, order number (from trading terminal), timeframe, entry point and destination of a trade (buy or sell), screenshot of the chart with entry/exit/stop-loss/take-profit levels and finally, description of the trade. Outcome of the trade and supporting commentaries should be published in separate posts as trade develops.

    We will carefully monitor:

    Copypast from third-party resources is prohibited. Moderators will check texts for copypast in Google and Yandex search engines. Participants must observe all rules for making posts.
    Trading strategies must not be equal. In case of equal strategies in separate threads, only one thread will be accepted (which was created first)

    Status of thread

    After checking contest thread, moderator will give it status:

    [Contest] – thread is accepted for the contest
    [Modify] – thread should be modified by topic starter before next moderator’s check
    [Duplicated] – thread duplicates another thread and can’t be accepted for the contest

    We will evaluate:

    1. Quality of description. How accurate description of signals/entries/exits/ was? Outcome of trades will be also taken into consideration.
    2. Observing rules for posts
    3. Visibility of screenshots
    4. Trade management (examples)
    5. Interest from other users of the Forum

    Every point will be evaluated according to 0-5 scale. Final score will be calculated as sum of points. Maximum score is 25 points for the tread.
    As one participant can create up to 5 threads, maximum score is 125.
    Position of participant in ratings will be defined according to final score.

    Prizes

    Prize fund of the contest is $800 and will be distributed as described below*:

    1st place - $300
    2nd place - $200
    3rd place - $150
    4th place – $75
    5th place - $75


    *all prizes will be given in form of forum bonuses and can be withdrawn to trading account associated with the forum.

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    Last edited by Value trader; 04-29-2014 at 04:56 PM.

  2. #11
    Trader Sharp's Avatar
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    This is a very good idea and as a new member in this forum it cough my first attention and i would like to participate in it.

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    The road to success is dotted with many tempting parking places.

  3. #12
    Trader kagho's Avatar
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    when is the start date of this contest.but i wounder for most of my trading do not have solid rules as i tend to trade on gut feel and descreation method but will give it a try if i will have enough time to set up the systems explanation

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  4. #13
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    well this is another awesome opportunity for the traders from ROBOFOREX, i think you should rise the prize pool

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  5. #14
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    Quote Originally Posted by erespe View Post
    Is it running now? I think I am eager to joint this contest, but I don't see any trader that join to the contest yet. Where we can open a new thread for this contest? Is it like a demo contests? And how much deposit on the opening demo account? Leverage? Can I trade metal only?
    Yes, starting date is April 30. Know more here about rules
    You can trade any instruments you like. You can have any account balance

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  6. #15
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    Quote Originally Posted by kagho View Post
    when is the start date of this contest.but i wounder for most of my trading do not have solid rules as i tend to trade on gut feel and descreation method but will give it a try if i will have enough time to set up the systems explanation
    It's an excellent opportunity to formalize rules for your trading. Starting date is April 30, see here

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  7. #16
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    Quote Originally Posted by rinaji View Post
    I am interested to participate in this contest. If I have more than one strategy, Do I need to make one demo account for one strategy? Or I could use one demo account for some of the strategies? Is this contest will end on June 30 and then will not continue? I think this is similar to Nostradamus contest.
    Yes, you have to have different accounts for each strategy. It will end June 30 - but maybe it will be another contest after that, we don't know yet

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  8. #17
    Trader kagho's Avatar
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    thanks also for the pm i wouldn't have known of this

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  9. #18
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    I start with 1000$ and now my account balance is more than 3000$,when i calculate outcome in % then i will consider 1000$ or 3000$ as account balance?

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  10. #19
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    I am trying to open a demo account so that I can participate in this contest. Unfortunately I am unable to do it. I am using the name of my strategy in the name portion. But I don't know why it is happening. Can I use my forum name to open a demo account for the contest? I hope to get answer soon.

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  11. #20
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    pl tell me pl account is verify and pl help i understand this forum bonus pay and limit this account post and any contest . thanks

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