Weekly Trading Contest 42

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
ok thanks
Can I use copier to copy trades from my Master account ?
Contest duration: Nov 21st to Dec 2nd (two weeks)


  • Stress free
  • Thanks admin
[quote=forexsignal ]Can I use copier to copy trades from my Master account ?[/quote]

Hi there forexsignal!

Good question, wich happen to be the 1st time, really, that some one asked that.
I don't know the answer and I forwarded your question to our IT guys.

As soon as they reply to me, I will update this post.

Thanks :)

- Angelus
Thanks for your efforts ...i have a question related to the
  • Maximum trades count: 120 does it mean for example if i open a position with volume 0.01 or 0.10 or 1.0 standard lot ..how do your system calculate that ?does it mean 120 maximum trades (standards lot )...i dont get it ...hope to hear from you
What do the other pairs mean?
[quote=Lna ]Thanks for your efforts ...i have a question related to the
  • Maximum trades count: 120 does it mean for example if i open a position with volume 0.01 or 0.10 or 1.0 standard lot ..how do your system calculate that ?does it mean 120 maximum trades (standards lot )...i dont get it ...hope to hear from you
[/quote]


Hi there Lna!

It's very simple. 120 trades means 120 trades. The trades can be of any size, can be 0.01 lot can be 1 lot, etc. It's the amount of trades, not lots.
Also, if you open a 0.10 lot EUR/USD long and then decide to hedge with a 0.10 lot EUR/USD short, that counts as 2 trades (1 long+1 short).

Let me know if you still need clarifications :)

- Angelus
[quote=forexsignal ]Can I use copier to copy trades from my Master account ?[/quote]

Hi there forexsignal!

Right, the IT guys inform me that demo accounts cannot be connected to MAM/PAMM.
Sorry about that. To participate on our contests, you have to register a demo account and trade it directly :thumb:

- Angelus
[quote=SwadahDipa ]What do the other pairs mean?[/quote]

Hi there SwadahDipa!

Means that trades on other pairs that are not FX (XAU, Brent, US30, crytpo, etc) will not count, as this contest is FOREX TRADING ONLY.
So, trades on other pairs will be excluded from the stats.

Currencies only, ok? :) Good luck :thumb:

- Angelus
Example 40,00% drawndown sir?
[quote=Ryan ]Example 40,00% drawndown sir?[/quote]

Hi there Ryan.

You can see an example here: User Guide - How does equity drawdown work?
You just need to work out the %, as every contest is diferent, and for tìcontest 42 will be 40% DD.

Thanks

- Angelus
Ga bisa daftar, ga dikirim kode verifikasi
[quote=Admin ][quote=Ryan ]Example 40,00% drawndown sir?[/quote]

Hi there Ryan.

You can see an example here: User Guide - How does equity drawdown work?
You just need to woek out the %, as every contest is diferent, and for tìcontest 42 will be 40% DD.

Thanks

- Angelus[/quote]

Ok thank you sir,
[quote=NurulDE ]Ga bisa daftar, ga dikirim kode verifikasi[/quote]

Hi there NurulDE!

Try to register for the contest with a VPN.
Sometimes the service is blocked by certain Internet providers. Could be that we are blocked in your country, and most times with a VPN it works.
If that does not work, report it to the Support Team to solve the problem.

Thanks.

- Angelus
HOW CAN ACCOUNT 62089 OPEN 10LOT SHORT ON NZDUSD ON 5K BALANCE
[quote=MTBxPRiMeOp ]HOW CAN ACCOUNT 62089 OPEN 10LOT SHORT ON NZDUSD ON 5K BALANCE[/quote]


Hi there MTBxPRiMeOp!

Your statement is wrong...
That trader did not open the 10 lot short on NZD/USD on 5K balance.
You can check his trading history here: Contest Account 62089 Statistics
Do that, check his trading history...

Then use our NZDUSD Margin & leverage calculator to see how much margin is required to open 10 lot short on NZD/USD.
And then, reconsider if your question/statement is correct :)

Thanks.

- Angelus
Hi. I am disqualifed. What is the reason?
[quote=NiyazQarayev ]Hi. I am disqualifed. What is the reason?[/quote]

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

- Alina