Once your register for the contest, you can view your login details by clicking on your "My login credentials" tab. The password for the demo trading account will be visible when the contest begins.
Hello, please does it mean every winner will pocket $1000 or it will be split among all winners? Also, Can I start the contest immediately my logins are ready?
[quote=James Bassey]Hello, please does it mean every winner will pocket $1000 or it will be split among all winners? Also, Can I start the contest immediately my logins are ready?[/quote]
Hi there James!
$1000 is the toal prize pool - the prizes will be distributed for the top 16 traders. You can find the prize structure here, at the bottom of the page: IC Markets Weekly Trading Contest 32 - FOREX ONLY
And of course, you can start the contest ASAP. Just make sure you to follow the steps here: User Guide Good luck :thumb:
[quote=Pargo ]Hello, how much the stop out for this contest account ? In percentage.[/quote]
Hi there Pargo.
You will get a margin call at 100% and stop out at 50%. This means losing trades will get automatically closed at 50% margin. Keep an eye on the available margin, don't trade with big lots to avoid a MC.
Hello! Please on the drawdown rules: What if out of the $5000 starting equity, I made an extra profit of $3000 to make my new equity $8000, I then got into another trade and it went negative for about $1800 before getting into profit, will the drawdown equity of $6200 which later went back into $8000+ profit still on the same trade be a violation of the trading rules? Though it wasn't down to 40% of a $5000 account and this happened when the account was already closed at $8000 before re-entry. Thank you
[quote=Lna ]I like to know why I got 3excluded trade in my demo account in this contest plz[/quote]
Hi there Lna!
The excluded trades are the sell stop and the sell limit not executed. These trades failed to activate, thus, they are excluded, meaning out of 60 trades for the performance, these 3 do no count.
[quote=Admin ][quote=Lna ]I like to know why I got 3excluded trade in my demo account in this contest plz[/quote]
Hi there Lna!
The excluded trades are the sell stop and the sell limit not executed. These trades failed to activate, thus, they are excluded, meaning out of 60 trades for the performance, these 3 do no count.
[quote=James Bassey]Hello! Please on the drawdown rules: What if out of the $5000 starting equity, I made an extra profit of $3000 to make my new equity $8000, I then got into another trade and it went negative for about $1800 before getting into profit, will the drawdown equity of $6200 which later went back into $8000+ profit still on the same trade be a violation of the trading rules? Though it wasn't down to 40% of a $5000 account and this happened when the account was already closed at $8000 before re-entry. Thank you[/quote]
Hi there James!
Right, to clarify the max DD your account got was 21.01%, well below the 40% max DD rule. I looked at the history and there's no violation of the trading rules. Please remember that the DD rule is dynamic, not set to 40% of $5000 (starting capital), rather it's re-calculated from the equity high.
Sir I have some problem sir me and my brother both participate in contest 31 and both are winners my name titans and his name tiger1 sir he lost his email how can he get his payment and I not not receive payment please check both problems thanks sir