[font=sans-serif]Hello and welcome to the new trading contest.[/font]
[font=sans-serif]Please feel free to post issues, concerns, likes, or just chat with other participants.[/font]
[ul][li]Contest broker is Global Prime[/li][li]Starting equity is $5000[/li][li]Max drawdown is 20%[/li][li]Max trades is 60[/li][li]16 prizes [/li][/ul][font=sans-serif]Thank you and good luck [/font]
[quote=Jason Peterson][font=sans-serif]Hello and welcome to the new trading contest.[/font]
[font=sans-serif]Please feel free to post issues, concerns, likes, or just chat with other participants.[/font]
[ul][li]Contest broker is Global Prime[/li][li]Starting equity is $5000[/li][li]Max drawdown is 20%[/li][li]Max trades is 60[/li][li]16 prizes [/li][/ul][font=sans-serif]Thank you and good luck [/font][/quote]
[quote=filter ][quote=Jason Peterson][font=sans-serif]Hello and welcome to the new trading contest.[/font]
[font=sans-serif]Please feel free to post issues, concerns, likes, or just chat with other participants.[/font]
[ul][li]Contest broker is Global Prime[/li][li]Starting equity is $5000[/li][li]Max drawdown is 20%[/li][li]Max trades is 60[/li][li]16 prizes [/li][/ul][font=sans-serif]Thank you and good luck [/font][/quote]
Hello
If I exceed 60 trades, am I disqualified?[/quote]
Hello,
No, you will not be disqualified if you exceed 60 trades. But only the first 60 eligible trades will be used to calculate your trading performance.
You can join Contest 13 by clicking on "Join Now" and then login in with your Facebook or Google account. Once logged in follow the steps for the phone verification process, which will then give you your login credentials for MT4.
[quote=Lovemore magapa]How much is daily draw down[/quote]
Hello Lovemore magap,
20% equity drawdown is not calculated on a daily bases, it is calculated throughout the contest. A visual explanation of equity drawdown can be found here: https://www.cashbackforex.com/article/user-guide#mcetoc_1fu57043q2
[quote=Hunter ]Sir I have 5000$ and balance is in profit up to 5500$ and balance come again to 5000$ and i was not close my trade its mean I am disqualified[/quote]
Hello Hunter,
With a starting balance of 5000, an open trade that goes up to 5500 and then back down to 5000 will result in a 9.1% Drawdown. So you are not disqualified in this example.
[quote=Jason Peterson][font=sans-serif]Hello and welcome to the new trading contest.[/font]
[font=sans-serif]Please feel free to post issues, concerns, likes, or just chat with other participants.[/font]
[ul][li]Contest broker is Global Prime[/li][li]Starting equity is $5000[/li][li]Max drawdown is 20%[/li][li]Max trades is 60[/li][li]16 prizes [/li][/ul]
[font=sans-serif]Thank you and good luck [/font][/quote]
after registration where are the account details sent?
[quote=ch4gamthei@yahoo.com ][quote=Jason Peterson][font=sans-serif]Hello and welcome to the new trading contest.[/font]
[font=sans-serif]Please feel free to post issues, concerns, likes, or just chat with other participants.[/font]
[ul][li]Contest broker is Global Prime[/li][li]Starting equity is $5000[/li][li]Max drawdown is 20%[/li][li]Max trades is 60[/li][li]16 prizes [/li][/ul]
[font=sans-serif]Thank you and good luck [/font][/quote]
after registration where are the account details sent?[/quote]
After registering for a contest, the login details will be displayed, but the account password will be hidden until the contest begins. This is to prevent trading the account prior to the contest’s start time. After the contest start, you can easily retrieve the account password:
[li]Make sure you are logged in with your CBFX account[/li][li]Navigate to the contest page, and click the link “My login credentials”[/li][/ol]A popup will display the account number, account password, and broker server.
GD Admins/All, Seems these trade conditions: limit of 1.0 Minute Min; 20% Max DD (over5 days) and 60 Trades (over 5 day) have some merit after all.
I am Being forced to Take the contest money as real money. Well let us see what the coming week offers, by way of market opportunities.
Try as we may, we cannot take more than the market gives (we can always take less though), More blessings to all contestants and hope this proves profitable for the company.
We know, the prizes have to come from somewhere.. Always: someone has to pay.
For Week #13! Thank you and much appreciated. Bless! RC.
[quote=RC ]GD Admins/All, Seems these trade conditions: limit of 1.0 Minute Min; 20% Max DD (over5 days) and 60 Trades (over 5 day) have some merit after all.
I am Being forced to Take the contest money as real money. Well let us see what the coming week offers, by way of market opportunities.
Try as we may, we cannot take more than the market gives (we can always take less though), More blessings to all contestants and hope this proves profitable for the company.
We know, the prizes have to come from somewhere.. Always: someone has to pay.
For Week #13! Thank you and much appreciated. Bless! RC.[/quote]
Hey RC! GD to you as well!
As always, great to hear from you and get your feddback. Yes, the purpose of these contests (apart from the publicity to CBFX, of course) is to help traders moderate their "bad habits" while trading.
Good to read "I am Being forced to Take the contest money as real money"!!! That's exactly the right mentality that a future great trader should have while trading with "funny money".
Remember, online trading is not a sprint, rather a marathon. And step by step, you will reach your goals. Best of luck for contest 13 RC and many blessings to you as well :)
[quote=jual ban]too much winner will make competition not competitive.[/quote]
Hello Jual, thank you for your feedback.
We increased the number of winners in this contest based on many requests we received in the past to have more winners. We understand your point of view, but we also believe the prize difference between the 1st place and the last few winning places will still compel participants to compete for a spot at the top, while rewarding more people at the same time.
Nonetheless, your feedback is much appreciated and will be considered for future contests.
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