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  • Results 1 to 1 of 1

    Thread: "Darts of Love Championship" Rules

    1. #1 Collapse Post
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      Default "Darts of Love Championship" Rules

      Contest Regulations!

      1. The contest is held between 17.02.2014 00.00 (GMT+2) - 07.03.2014 23.59 (GMT+2).

      2. It is possible to become a Participant at any time though not later than 5 trading days before the end of the contest [02.03.2014 23.59 (GMT+2)]. The moment of the contest thread opening is considered the beginning of taking part in the contest.

      3. Any member of MT5 Forum who joined on or before 12th February 2014 can take part in the contest.

      4. The contest participant's mission along with his partner is to earn the biggest profit shown in "Equity" indicator by the contest end and also to make his thread as much informative as possible.

      5. 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.

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

      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. Each team consists of 2 participants and one of them will be team leader. You can select any member of MT5 Forum as your team mate as long as he is willing to be your partner. Leader will be called "Alpha" and the other team mate will be termed as "Bravo". Team name will be on the name of the leader. For instance, if Toxic and Phantomtrader79 make up a team and both of them decide Toxic as the team head, the name of the team will be Team Toxic. Participant Toxic will be called as alpha and Phantomtrader79 will be called as Bravo. Alpha's final equity will weigh 60% and Bravo's final equity will weigh 40% in the team's final result.

      Both the participants have to post in contest discussion thread that they are willing to be team mates and have to mention which participant is Alpha and which participant is Bravo.

      10. The Participant opens his/her own contest thread in the section Darts of Love Championship specifying his/her account number, Team Name, his position in the team and providing a very precise short description of the strategy in the form of, for example, "XXXXXX - Team YYY (ZZZ)-Trade midterm EURUSD", where XXXXXX is the trader's account number, YYY is the team name, ZZZ is the position of the participant in that team (Alpha or Bravo). The publication of the investor-password is must. Considering the example given in point 9, Toxic's thread will be titled as "XXXXXX - Team Toxic (Alpha) Trading midterm EURUSD" and Phantomtrader79's thread will be titled as "XXXXXX - Team Toxic (Bravo) Trading GBPUSD".

      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. The participant should mention the indicator/indicators he will use while trading in the contest account. With his explanation, he have to give one or multiple thread links of our forum on his indicator/indicators 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 his Indicator in Indicators Section of MT5 Forum.

      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 by any participant of the team, his team won't be considered as a winner.

      14. For the moment of the contest finishing all positions of the Participant should be closed. In case a position is open, the participantís score will be the value shown in "Equity" parameter.

      15. Selection of winners is done by using the following steps:

      15.1 Scores for each team will be calculated using the following formula:

      [(Equity of Alpha x 0.6) + (Equity of Bravo x 0.4)]/2 = Team Score

      15.2 Teams with top 5 final scores will be selected.

      15.3 Three out of those five highest scoring teams will be short listed based on their scores + thread quality + cooperation between team mates and the effective use of their strategies e.t.c. (After Jury voting of 12 mods + 1 admin)

      16. The total prize pool is $1800. The Prize Distribution will be as follows:

      Team 1 = $800 ($400 to each winner)
      Team 2 = $500 ($250 to each winner)
      Team 3 = 300$ ($150 to each winner)
      Surprise Valentine Prize = $200 ($100 to each winner)

      Surprise Valentine Prize can be given to any team based on jury voting. The criteria for it won't be disclosed till the end of the contest.

      *Prizes are only given to all those participants who end up in overall 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.

      17. Anti-Fraud policy.
      17.1. 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.

      17.2. 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.

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

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

      19. MT5 Forex Forum and InstaForex has 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.

      * In case a member of a winning team ends up in loss, he will get nothing. Only the team mate with positive result will get the prize.

      For contest discussion, go here.

      Contest Monitoring.
      Last edited by MT5 Administrator; 02-21-2014 at 11:42 AM.

    2. The following 15 users say Thank You to Toxic for this useful post.

      acushnir (02-16-2014), azmassi (02-14-2014), biswanath (02-16-2014), Black Mamba (02-14-2014), heba12 (02-23-2014), Humza (02-15-2014), Kanta (02-17-2014), kissshore (02-15-2014), midhib (02-20-2014), Mohammad Aktaruzzaman (02-23-2014), nasimuddin (02-14-2014), OnlyGainer (02-16-2014), Passionate Pisces (02-14-2014), PhantomTrader79 (02-15-2014), ssforex (02-18-2014)

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