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  • Results 1 to 1 of 1

    Thread: The Contest "Time to Get the Crop": RULES

    1. #1 Collapse Post
      Adminus Sapiens
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      Exclamation The Contest "Time to Get the Crop": RULES

      REGULATIONS

      1. The contest is held 12.09.2011 00.00 (GMT+3) - 30.09.2011 00.00 (GMT+3).

      2. The targets of the contest participants (referred to as "Participant"):
      2.1. Working on the contest account to receive the highest possible profit shown in the field "Equity" at the moment of the contest finishing.
      2.2. To get the highest level of likes and support of the forumers, which is seen by the total quantity of "Thanks" notes for his/her posts in the contest thread.

      3. The Participant opens a demo account in InstaForex Company with the deposit of 5,000 (five thousand) USD and the leverage of 1:100. The type of the account is selected by the trader. The server is InstaForex-Demo.com. In the process of registration in the field of the account holder it is necessary to indicate the forum username. The Participant should keep save the password of the account as if it cannot be restored if lost.

      4. Working on the contest account should follow the rules set by InstaForex Company for servicing the real accounts.

      5. It is possible to become a Participant at any time though not later than 48 hours before the end of the contest. The moment of the contest thread opening is considered the beginning of taking part in the contest.

      6. The Participant has right to register two sequent-open accounts in the contest. The second account can be registered in the contest only after the first account is no longer part of the contest (closed).

      7. The Participant opens his/her own contest theme in the section "Time to Get the Crop" with indication of the account number and a very precise and short description of the strategy in the form of, for example, "XXX - trade midterm EURUSD, GBPUSD, GOLD, apply MACD", where XXX – the trader's account number. The publication of the investor password is required. If work on the first contest account was finished and the second account was registered, the thread with the first contest account should be closed and the Participant opens a new thread.

      8. The Participant should explain the actions in relation to every trade, open or close, or fixing profit in the topic thread (see point 7), in particular, what triggered the opening or closing deal decision. In the description it is needed to indicate the number of the trade or the order.

      9. The Participant is to make at least 10 trades during the time of the contest (which are counted) with total volume of at least 50 lots.

      10. The forumers show their liking and support to the Participant by voting for the messages clicking "Thanks".

      11. For the moment of the contest finishing all positions of the Participant should be closed. In case a position is open, the result is calculated using the rates of the market close.

      12. The result is seen by the parameter "Final Absolute Result" which is amounting to "Equity" at the moment of the contest finish on the contest account, adjusted by the values:
      a) equal to 1+ [the sum of the votes of the forumers for the posts of the participant in his contest theme] /1000*.
      b) -10 000 (minus ten thousand) in case the participant used 2 contest accounts.

      13. The winner determination and prize.
      13.1. The winner of the contest will be the Participant with the highest final absolute result.
      13.2. The prize-takers should demonstrate the positive result of the setting "Profit".
      13.3. The administration of the contest set three main prizes and two gifts of recognition.

      The main prizes**:

      1st - $350
      2nd - $250
      3rd - $150

      Prizes of recognition:

      4th - $50
      5th - $25

      14. AntiFraud-policy.
      14.1. The administration of the contest warns about prohibition of non-trading methods in competition leading to the guaranteed prize, in particular, the confederacy of the Participants with the target of registering numerous accounts and opening differently directed trades for the same instrument. For such actions the Participants will be disqualified.
      14.2. InstaForex Company has right to ask the administration of the contest to review the issue of the Participant’s disqualifying in case of revealing the scam electronic advisors, using the faults of the company's software support with the aim to get the guaranteed profit by the Participant.
      14.3. For the actions, which go against the rules of the contest the Participants will be disqualified.


      *For example, 30 votes will increase the result by 1.03 times, and 160 votes – by 1.16 etc. If the Participant opened the second contest account, the "Thanks" from the first account are excluded.

      **The amount of the prize is non-withdrawable, and is deposited to the real trading account of the participant, attached to its profile on the forum. All the profit gained with the prize-money can be withdrawn by the Participant.



      To discuss the contest go here.


    2. The following 3 users say Thank You to MT5 Administrator for this useful post.

      blackprince4u (09-08-2011), unknownxxx (09-12-2011), VIP (09-05-2011)

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