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Elite Trader Competition Rules |
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CONTEST ENTRY AND ELIGIBILITYThe contest is open to money managers that have registered for it. There is only one entry per account holder, and there you should inform us if you have another account in any contest before or Live or Demo.CONTEST TRADING PERIODThe contest will begin on the first of each month, and will end on the last day of third month. Open positions need not be liquidated for purposes of determining the winners. Percentage gain will be based on ending gross P/L (including floating P/L) as a ledger balance against the beginning balance for the calendar month.
Any deposits made during the month disqualify the trader from the contest.CONTEST TRADING ACCOUNTEach Participant will have 30 Trading Accounts
Each Account will start with $ 500 as balance and leverage 200:1CONTEST TRADING PROHIBITIONSScalping is not allowed that each order should stay opened for more than 15 minutes.
Pip hunting is not allowed, that there should be 11 pips as minimum difference between open and close for each order.
The IP address should be unique for the 30 Accounts. In other words each fund manager must give an announce before changing his IP to make sure from the privacy of trading
Experts Advisors are not allowed. This Contest made to ensure trading qualifications.DETERMINATION OF THE WINNERSEach 90 days the top three money managers will be determined as follows:
The accounts will be marked to market on the close of the trading day on the last day of the 90 days in order to figure the Entrant's “ending P/L.” For the purpose of the contest results, ending P/L (including floating P/L) will be the ledger balance against the beginning balance.
The three money managers with the highest percentage gain will be determined the winners.NUMBER OF TRADESEach Account of the 30 Accounts must trade a minimum of 90 trades (number of tickets) per the 90 days. Failure to comply with this rule will result in disqualification.DISENTITLEMENTSigmaForex has sole discretion to disqualify any entrant found in violation of the rules of the contest or applying inappropriate trading strategies or any frauds in trading.
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