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    Thread: BREXIT 2016: The Aftermath. Contest Rules.

    1. #1
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      Unhappy BREXIT 2016: The Aftermath. Contest Rules.

      People are curious and anxious at the same time when this happen. Some of them are positive about this change while the rest are worried. So analysts from around the world try to analyze the market according to their view.



      Contest Regulations for BREXIT 2016!

      1. The contest is held between 5 December 2016 00:00 (GMT+2) - 23 December 2016 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 4 December 2016 23.59 (GMT+2). And then, the participant must choose a country (Germany or UK). At the end of the contest, we will see which country's stock market has the highest last 2 digits and if the country that the participant chose has a higher last 2 digits than the other country's last 2 digits then the participant's total equity will be added by 30%.

      For example, at the end of the contest the data for the stock market in Instaforex MT4 trading platform are:

      FTSE100 (UK's Stock Index) ends in 7290
      DAX30 (Germany' stock Index) ends in 10925

      in this case, FTSE100 has the highest last 2 digits (90) and DAX30 has the lowest last 2 digits (25).

      So, those who qualify to enter the top 5 final result and chose UK will get additional 30% to their final equity and the ranking of the final top 5 will be adjusted to reflect this change.

      3. Any member of MT5 Forum can join this contest however, only those who joined on or before 5th of August 2016 are eligible to win the prizes. Which means those who join after 5th of August can participate in the contest but they can not win any of the prizes.

      4. The goal of this contest is to get as much profit as possible but you can only trade a pair that has GBP or EUR in it. For example:

      you can trade:
      EUR/USD
      EUR/ZAR
      GBP/USD
      GBP/CHF
      and so on because they HAVE GBP or EUR in it.

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


      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 expert 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 BREXIT 2016 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.

      11. The Participant should mention the indicators that will be used during the contest period. Also he must mention the indicatorsí link in Indicators Section of MT5 Forum. To search the thread on your indicator in Indicators section, you can use this link. 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 Participantís 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. Hereís how the winners will be selected:

      14.1 Only those with at least 10% profit will qualify as winnerís candidate. The top 5 rank will be chosen and then their balance might or might not be adjusted according to their choice of country and the 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 $2,000 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 without restrictions.

      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 InstaForex.

      Monitoring link:



      PS: The monitoring link will be added later by Admin.
      Last edited by NikitaBelle; 12-02-2016 at 06:17 AM. Reason: added the link to contest thread section


    2. #2
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      Thumbs up

      Wow Trading Contest

      Ready to Participate, if Eligible

      Thanks Admin & Mods

      Regards
      The Real Money is in 100% Compounding


    3. The following 11 users say Thank You to goodguy333 for this useful post.

      azmassi (11-25-2016), bidyut (11-25-2016), dedy hari kurniawan (11-24-2016), dzin4aans (11-24-2016), Kalex (11-27-2016), loveyo (11-24-2016), mazbay1989 (11-30-2016), nkhan2810 (11-25-2016), PhantomTrader79 (11-24-2016), systematicfx (11-25-2016), Unregistered (1)

    4. #3
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      Default

      OMG! Another trading contest waiting to unfold here in our beloved forum...
      Am very excited for this!

      Let's all join friends! I miss contest like this, I miss using 100 lots again, hahaha Just kidding guys.

      This is fresh and new, let's wait for more update and re-read again the rules and don't forget to ask questions if there is something you don't understand friends.

      Cheers for the new contest!
      Am still hibernating, will wake up one day, all depends on fate. Hope to see you all-soon! Miss you all friends!


    5. The following 11 users say Thank You to NikitaBelle for this useful post.

      angaper (11-30-2016), azmassi (11-25-2016), bidyut (11-25-2016), dedy hari kurniawan (11-24-2016), dzin4aans (11-24-2016), goodguy333 (11-24-2016), Kalex (11-27-2016), nkhan2810 (11-25-2016), PhantomTrader79 (11-24-2016), systematicfx (11-25-2016), zarra (11-25-2016)

    6. #4
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      Default

      Quote Originally Posted by goodguy333     
      Wow Trading Contest

      Ready to Participate, if Eligible

      Thanks Admin & Mods

      Regards
      Of course you are eligible mate
      I'm looking forward for your participation in this trading contest.

      Quote Originally Posted by NikitaBelle     
      OMG! Another trading contest waiting to unfold here in our beloved forum...
      Am very excited for this!

      Let's all join friends! I miss contest like this, I miss using 100 lots again, hahaha Just kidding guys.

      This is fresh and new, let's wait for more update and re-read again the rules and don't forget to ask questions if there is something you don't understand friends.

      Cheers for the new contest!
      Yes, the rules of the contest is full of twists so this contest is a mix of trading skills and also luck. The prize setup is also very interesting a winner might get multiple addition to his/her prize with the Extra Prizes.

      This one surely is an interesting trading contest


    7. The following 10 users say Thank You to PhantomTrader79 for this useful post.

      azmassi (11-25-2016), bidyut (11-25-2016), dedy hari kurniawan (11-24-2016), dzin4aans (11-24-2016), goodguy333 (11-24-2016), Kalex (11-27-2016), NikitaBelle (11-24-2016), systematicfx (11-25-2016), Unregistered (1), zarra (11-25-2016)

    8. #5
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      Default

      This is so exciting! I am definitely looking forward to this contest and I will try to participate in it as well. Lets learn and earn some profits together


    9. The following 11 users say Thank You to dzin4aans for this useful post.

      azmassi (11-25-2016), bidyut (11-25-2016), dedy hari kurniawan (11-24-2016), goodguy333 (11-25-2016), Kalex (11-27-2016), kissshore (11-26-2016), NikitaBelle (11-25-2016), PhantomTrader79 (11-26-2016), systematicfx (11-25-2016), Unregistered (1), zarra (11-25-2016)

    10. #6
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      trading contest,, trading contest,, waiting for this moment to be able to test the new system

      thanks IFX, MT5 Forum, Admin and Sup Mod for this trading contest


    11. The following 9 users say Thank You to dedy hari kurniawan for this useful post.

      azmassi (11-25-2016), bidyut (11-25-2016), dzin4aans (11-25-2016), goodguy333 (11-25-2016), Kalex (11-27-2016), NikitaBelle (11-25-2016), PhantomTrader79 (11-26-2016), systematicfx (11-25-2016), zarra (11-25-2016)

    12. #7
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      Default

      Hello guys!

      Come on, let's join this exciting contest friends...Let's make this contest exciting with your participation. Don't hesitate....Just write "I want to Participate" in this thread and let see if you are eligible, just please read the contest rules and requirements, okay...

      Now am going to prepare the red carpet entrance for all participants, hehehe, just like the old good days. Am not sure with the train though it's still under repair, hahaha

      By all, means let's get started, here is your grand entrance and the red carpet live from Mt5 Forum and sponsored by our beloved InstaForex Broker~ The Best Broker in Asia...

      Cheers!


      Name:  Kings Throne A.jpg
Views: 413
Size:  10.7 KB

      Your throne highness, whoever win the Top Prize, it's yours!

      Name:  Red carpet.jpg
Views: 418
Size:  8.9 KB


      ~You wanna walk on the red carpet? Just type " I want to Participate" and you are on your way to the top prize! Grab the chance guys, make your new year a very exciting one!

      Cheers!
      Name:  Drinks.jpg
Views: 432
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      Am still hibernating, will wake up one day, all depends on fate. Hope to see you all-soon! Miss you all friends!


    13. The following 13 users say Thank You to NikitaBelle for this useful post.

      azmassi (11-25-2016), bidyut (11-25-2016), dzin4aans (11-25-2016), goodguy333 (11-25-2016), ilyas_ili (11-28-2016), Kalex (11-27-2016), Moneymadeeasy (11-28-2016), nkhan2810 (11-25-2016), PhantomTrader79 (11-26-2016), rahan07 (11-25-2016), systematicfx (11-25-2016), Unregistered (1), zarra (11-25-2016)

    14. #8
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      I don't want to miss this chance. So I declare.......... I Want To Participate


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    16. #9
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      Great contest ! " I Want To Participate "


    17. The following 8 users say Thank You to akash92 for this useful post.

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    18. #10
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      So, those who qualify to enter the top 10 final result and chose UK will get additional 30% to their final equity and the ranking of the final top 10 will be adjusted to reflect this change.
      It is simply like you are getting a gap in your favor. 30% profit, hefty! Real luck needed to get that. I just think if all participants go in the UK or Germany side can demolish the rule here. He he he...


    19. The following 9 users say Thank You to nkhan2810 for this useful post.

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