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Weekly Trading Contest 42 Messages in this topic - RSS

12
NiyazQarayev
NiyazQarayev
Posts: 8


6 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


6 days ago
NiyazQarayev
NiyazQarayev
Posts: 8
Balanca 5000%—-to40% =2000$. How can i reach 40%?
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Admin
Admin
Administrator
Posts: 591


6 days ago
Admin
Admin
Administrator
Posts: 591
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


6 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


6 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: 591


6 days ago
Admin
Admin
Administrator
Posts: 591
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: 591


6 days ago
Admin
Admin
Administrator
Posts: 591
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


6 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: 591


6 days ago
Admin
Admin
Administrator
Posts: 591
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
+1 link
Hosni Assali
Hosni Assali
Posts: 2


5 days ago
Hosni Assali
Hosni Assali
Posts: 2
hey
why my limit orders didn't get filed and they get canceled ?
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Admin
Admin
Administrator
Posts: 591


5 days ago
Admin
Admin
Administrator
Posts: 591
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


4 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: 591


4 days ago
Admin
Admin
Administrator
Posts: 591
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


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


22 hours 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: 591


17 hours ago
Admin
Admin
Administrator
Posts: 591
Sakhimoghol wrote:
no new contest????



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

- Alina
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