i have been 3 week here and i think there is no chance for epic comeback into game after break limit drawdown. the important part of trading is not only make profit but recovery loss is also important. that's make traders learns how to survive after tsunami.
yes drawdown also important to learn how to secure trading with good money management but in reality of three contest i have joined, i see all trader winner trade with huge volume trading. Everyone try testing their luck, win or disqualify. that's happen when you see ranking page with big profit on it. there is no chance for small volume trading overtake position. like or dislike to be a winner you need do same, trade full margin volume.
i have feedback to make contest better without drawdown limit rule is create ratio profit : drawdown. sample profit 1000% with drawdown 50% will get point 20. profit 20% with drawdown 0.5% will get point 40.
thats will make small volume happy, big voume happy, everyone happy because all have chance to win.
Hello Lna, you can join contest 38 here: https://www.cashbackforex.com/contests/38?tab=contest-rules. If you have questions, issues please contact us specifying what the issue is. You can find our contact details here https://www.cashbackforex.com/support?tab=contact-us
Hello Rabnawaz, same really, you can join contest 38 here: https://www.cashbackforex.com/contests/38?tab=contest-rules. If you have questions, issues please contact us specifying what the issue is. You can find our contact details here https://www.cashbackforex.com/support?tab=contact-us
[quote=Claudie Pierlot]i have been 3 week here and i think there is no chance for epic comeback into game after break limit drawdown. the important part of trading is not only make profit but recovery loss is also important. that's make traders learns how to survive after tsunami.
yes drawdown also important to learn how to secure trading with good money management but in reality of three contest i have joined, i see all trader winner trade with huge volume trading. Everyone try testing their luck, win or disqualify. that's happen when you see ranking page with big profit on it. there is no chance for small volume trading overtake position. like or dislike to be a winner you need do same, trade full margin volume.
i have feedback to make contest better without drawdown limit rule is create ratio profit : drawdown. sample profit 1000% with drawdown 50% will get point 20. profit 20% with drawdown 0.5% will get point 40.
thats will make small volume happy, big voume happy, everyone happy because all have chance to win.[/quote]
Hello Claudie, thank you for your suggestion, it was passed on to management.
Thank you for letting us know of your concerns. We will look into it. However most likely the action will be taken after the end of the contest as part of our check of all the presumptive winners before awarding them with final rank and prize money.
[quote=NiyazQarayev ]Why i am disqulifed? I had 8274 balance. 40% is 3309[/quote]
Hi there NiyazQarayev!
Your account is DQ cuz you reached 40.49% DD. As you can see on your equity history (attached image), your account equity peak reached 9172.17 USD. On 2022-10-26 T10:59:55 server time, your account equity went to 5458.59 USD, meaning a equity peak to valley % of 40.49%, above the 40% max DD rule.
dear administration, pay attention to the rating leaders from the Philippines, 2 accounts with the same result, and at the same time exactly the same deals opened at the same time
Thanks for yoru comments. We do monitor accounts and normally we will investigate winners after the contest will end. If we find reasons to DQ a trader, we will.
In the meantime, if you are participating in this contest, just trade the best you can, observing the rules - you might be a winner in the end.
[quote=abdul awal]39th contest when start?[/quote]
Hi there abdul awal!
We are currently working on the contest 39 specs and we should open registrations today. Make sure to enable notifications on your profile to receive alerts when new contests open.