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Weekly Trading Contest 42 Messages in this topic - RSS

12
NiyazQarayev
NiyazQarayev
Posts: 8


18 days ago
NiyazQarayev
NiyazQarayev
Posts: 8
Admin wrote:
NiyazQarayev wrote:
Hi. I am disqualifed. What is the reason?


Hello Niyaz, you exceeded maximum allowed drawdown. Per contest 42 rules maximum allowed equity drawdowns 40%. Your drawdown reached 41.28%.

- Alina

Balanca 5000%—-to40% =2000$. How can i reach 40%?
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NiyazQarayev
NiyazQarayev
Posts: 8


18 days ago
NiyazQarayev
NiyazQarayev
Posts: 8
Balanca 5000%—-to40% =2000$. How can i reach 40%?
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Admin
Admin
Administrator
Posts: 609


18 days ago
Admin
Admin
Administrator
Posts: 609
NiyazQarayev wrote:
Balanca 5000%—-to40% =2000$. How can i reach 40%?



Hi there NiyazQarayev!

As my colleague Alina wrote, your account was DQ due to going over the 40% max DD.
Please check the image attached, it's a snapshot of your trading history.
Your account reached an equity peak of 7,098.50 and on 2022-11-22, at 03:27:29 your equity went down to 4,172.90 (over 40%).

Better luck next time Thumbs Up

- Angelus

Attachments:

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Maulid
Maulid
Posts: 1


18 days ago
Maulid
Maulid
Posts: 1
Kenapa dari 22 perdagangan hanya 1 yang dihitung?? Dan yang 21 dikecualikan?? Apa kesalahan saya
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NiyazQarayev
NiyazQarayev
Posts: 8


18 days ago
NiyazQarayev
NiyazQarayev
Posts: 8
Admin wrote:
NiyazQarayev wrote:
Balanca 5000%—-to40% =2000$. How can i reach 40%?



Hi there NiyazQarayev!

As my colleague Alina wrote, your account was DQ due to going over the 40% max DD.
Please check the image attached, it's a snapshot of your trading history.
Your account reached an equity peak of 7,098.50 and on 2022-11-22, at 03:27:29 your equity went down to 4,172.90 (over 40%).

Better luck next time Thumbs Up

- Angelus


I understand it. But i can’t closed my profit,i wait. i wait my position and if i go minus 2000$ you are right. In this moment how can i reach 40% . It is not true.
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Admin
Admin
Administrator
Posts: 609


18 days ago
Admin
Admin
Administrator
Posts: 609
Maulid wrote:
Kenapa dari 22 perdagangan hanya 1 yang dihitung?? Dan yang 21 dikecualikan?? Apa kesalahan saya


Hi there Maulid.

The reason for the 21 excluded trades is because your traded XAU/USD and as per contest 42 rules, it's a FOREX PAIRS ONLY contest.
Thus, the trades on XAU/USD are excluded and do not count for your trading performance. The contest 42 has only started, so, you have plenty of time to trade and grow your equity - FOREX ONLY, remember smile

Good luck Thumbs Up

- Angelus

Attachments:

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Admin
Admin
Administrator
Posts: 609


17 days ago
Admin
Admin
Administrator
Posts: 609
NiyazQarayev wrote:
Admin wrote:
NiyazQarayev wrote:
Balanca 5000%—-to40% =2000$. How can i reach 40%?



Hi there NiyazQarayev!

As my colleague Alina wrote, your account was DQ due to going over the 40% max DD.
Please check the image attached, it's a snapshot of your trading history.
Your account reached an equity peak of 7,098.50 and on 2022-11-22, at 03:27:29 your equity went down to 4,172.90 (over 40%).

Better luck next time Thumbs Up

- Angelus


I understand it. But i can’t closed my profit,i wait. i wait my position and if i go minus 2000$ you are right. In this moment how can i reach 40% . It is not true.


NiyazQarayev, the 40% DD rule is calculated on equity high minus equity low and it's dynamic, not calculated from account balance. If you see the image, from my previous post, your equity suffered a loss of almost $3000 from the recorded equity high.
Please refer to this mini-article to understand better how the equity DD rule is calculated and applied to your account stats: User Guide - How does equity drawdown work?

Thanks smile

- Angelus
-1 link
Prasetya
Prasetya
Posts: 8


17 days ago
Prasetya
Prasetya
Posts: 8
good night min.

I WOULD LIKE TO GIVE FEEDBACK FOR THE WEEKLY CONTEST

FOR THE NEXT CONTEST AND IF YOU CAN NEXT,
CONTEST IS HOLDING
EVERY 2 weeks
BY starting HIS BALANCE ACCORDING TO HIS PRIZE
for example
XAU ONLY contest ( 2 weeks )

starting BALANCE = $2000
MAX LEVERAGE = 1:100
max number of trades = 120
drawdown (DD) = 40%

so the starting balance is according to the prizes given

I hope my input will be accepted, and the contest will run once every 2 weeks, 🙂🙂🙏🙏

thanks
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Admin
Admin
Administrator
Posts: 609


17 days ago
Admin
Admin
Administrator
Posts: 609
Prasetya wrote:
good night min.

I WOULD LIKE TO GIVE FEEDBACK FOR THE WEEKLY CONTEST

FOR THE NEXT CONTEST AND IF YOU CAN NEXT,
CONTEST IS HOLDING
EVERY 2 weeks
BY starting HIS BALANCE ACCORDING TO HIS PRIZE
for example
XAU ONLY contest ( 2 weeks )

starting BALANCE = $2000
MAX LEVERAGE = 1:100
max number of trades = 120
drawdown (DD) = 40%

so the starting balance is according to the prizes given

I hope my input will be accepted, and the contest will run once every 2 weeks, 🙂🙂🙏🙏

thanks



Hi there Prasetya!

Thanks for your comments/suggestions, always appreciated smile
I will pass them to our contest admin, don't worry.

Thanks again and good luck Thumbs Up

- Angelus
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Hosni Assali
Hosni Assali
Posts: 3


17 days ago
Hosni Assali
Hosni Assali
Posts: 3
hey
why my limit orders didn't get filed and they get canceled ?
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Admin
Admin
Administrator
Posts: 609


17 days ago
Admin
Admin
Administrator
Posts: 609
Hosni Assali wrote:
hey
why my limit orders didn't get filed and they get canceled ?


Hello Hosni, We did not place any additional restrictions regarding limit orders as part of contest 42 rules. I have checked your trading statement and as you can see the comment provided by MT4 is "deleted [no money]" which means you did not have enough free margin to execute those trades. You can use our margin calculator here https://www.cashbackforex.com/tools/margin-calculator to calculate how much free margin you need to have to open a trade.

- Alina

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CamiloGonzalez
CamiloGonzalez
Posts: 6


16 days ago
CamiloGonzalez
CamiloGonzalez
Posts: 6
Buenas tardes para hacer una sugerencia deberian colocaR cuantas personas de las que ya estan en participacion , colocar tambien las personas que han sido descalificadas es decir por ejemplo en el concurso actual aparecen 1955 y podrian colocar digamos 700 de 1955 por ejemplo gracias saludos
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Admin
Admin
Administrator
Posts: 609


15 days ago
Admin
Admin
Administrator
Posts: 609
CamiloGonzalez wrote:
Buenas tardes para hacer una sugerencia deberian colocaR cuantas personas de las que ya estan en participacion , colocar tambien las personas que han sido descalificadas es decir por ejemplo en el concurso actual aparecen 1955 y podrian colocar digamos 700 de 1955 por ejemplo gracias saludos



Buenas tardes Camilo,

Gracias por su sugerencia! se la transmitiremos a nuestros directores para que consideren añadir el contador mencionado en el futuro.

Quedamos a su disposición para lo que necesite.

-Andres
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Sakhimoghol
Sakhimoghol
Posts: 6


12 days ago
Sakhimoghol
Sakhimoghol
Posts: 6
no new contest????
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Sakhimoghol
Sakhimoghol
Posts: 6


12 days ago
Sakhimoghol
Sakhimoghol
Posts: 6
new contest ????

Admin wrote:
Hello and welcome to the new trading contest #42, sponsored by IC Markets.

Please feel free to post issues, concerns, likes, or just chat with other participants.
  • Contest duration: Nov 21st to Dec 2nd (two weeks)
  • Starting balance: $5000
  • Max leverage: 100:1
  • Minimum trade duration: 1 minute
  • Maximum trades count: 120
  • Maximum equity drawdown: 40% DD
  • Trading server: ICMarketsSC-Demo01
  • Trading with EAs is NOT ALLOWED
  • FOREX SYMBOLS ONLY - trades on other symbols (XAU/USD, US30, BTC/USD, etc), will not count toward your performance.
  • 5 cash prizes!!! 1st prize $1,000
Please visit our FAQs page to find the answers to:
Thank you and good luck
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Admin
Admin
Administrator
Posts: 609


12 days ago
Admin
Admin
Administrator
Posts: 609
Sakhimoghol wrote:
no new contest????



Hello Sakhimoghol, No new contest this week, contest 42 continues.

- Alina
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Rashid Iqbal
Rashid Iqbal
Posts: 6


9 days ago
Rashid Iqbal
Rashid Iqbal
Posts: 6
2 week contests are very boring, i like weekly contest. in weekly there is very tough competition.
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Admin
Admin
Administrator
Posts: 609


9 days ago
Admin
Admin
Administrator
Posts: 609
Rashid Iqbal wrote:
2 week contests are very boring, i like weekly contest. in weekly there is very tough competition.


Hi there Rashid Iqbal!

Thanks for your feedback! Noted smile

- Angelus
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Nadeem
Nadeem
Posts: 2


6 days ago
Nadeem
Nadeem
Posts: 2
Hy sir
I achieved 3 rank in this contest.This contest was too long can you check this contest in two days and give me withdraw on monday or tuesday either it will be given on wednesday as mentioned in rules.
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Admin
Admin
Administrator
Posts: 609


4 days ago
Admin
Admin
Administrator
Posts: 609
Nadeem wrote:
Hy sir
I achieved 3 rank in this contest.This contest was too long can you check this contest in two days and give me withdraw on monday or tuesday either it will be given on wednesday as mentioned in rules.


Hi there Nadeem!

When any contest finishes, a service message appears:
Please allow up to 3 business days for us to confirm the results as final, which will be indicated here. Winners will be notified via email at that time.

This means we need to verify and validate all the winners and that process can take up to 3 business days (GMT time). Only after we validate winners, we will proceed with notifications and payments, normally on the 4th business day.

Thanks.

- Angelus
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