It is a dream for more than a thousand traders all over the world
every month to win Dukascopy demo trading contest. Duka evaluation points play a
significant role after pips and equity in deciding the final ranks. Equally the
guidelines have importance in real trading success .so I investigated on duka
evaluation points and how they are affecting the rankings. here is my report
I, provide my understanding and my analysis on dukascopy
evaluation points. My intention is to bring this topic to limelight so its
importance in demo trading contest and in real trading be realized and
understood properly. I request my co participants and the expert traders to share their opinions on this topic.
I took the stats from September (from here, duka reduced
evaluation points to 50)& I left September month winner cause that months winner
did exceptional performance...duka awarded him some extra points. I left the Jan
&fib winners conditional order part
(the reason below)
I think everyone knows
how dukascopy evaluation points are calculated
Here is the link " http://www.dukascopy.com/tradercontest/?action=contestrules#methodology"
Notice that duka says not to take the evaluation points as a
measure of participants trading
Analysis of dukascopy demo trading contest winners with
respect to dukascopy evaluation
Avg dukascopy evaluation points gained by top traders is
Avg proportion of duka points in total points is 15.77%
Max draw down ranges from
8.63 to 82.63…avg is about 29.87
Avg pip gain ranges from 24 to 134 avg is 65.63
Avg pip lost ranges from
-20 to -167 avg is -60.5
%conditional orders range from 44 to 82 avg is 66.6
Winloss ratio ranges from 48 to 91 avg is 68.1
Though the duka
points largely depend on one’s own style of trading and system they are executing..and vary from winner to winner, the avg stats helps you to roughly estimate
where you stand in the crowd with respect to duka points.
Many traders have
doubts on how the points are being calculated and awarded .here is the most
probable way ,
(thanks furion for your efforts)
Some bugs and tweaks with respect to duka points that had effect over
dukascopy evaluation points
I bring these issues here cause they had impact on dukascopy
points and in good hope that it may help
duka team in their continuing efforts to make the contest unbiased
1)Whatever the program it be ,its common that few bugs be
found in the course of time..so is with jforex contest platform, there is bug
where a kind of market order is taken as
Here I raised the topic "http://www.dukascopy.com/swiss/english/forex/jforex/forum/viewtopic.php?p=64486#p64486"
Few traders used it to get some advantage including the Jan &
2)There is a probable
area to tweak .avg loss of pips.. if there is big avg loss of pips ,few
traders are creating orders intentionally
with small stop loss so the avg loss of pips will get reduced.
Though above said bug/tweaks may not impact ones score drastically,but that can make difference
between place 1 & 2.
Forget about the contest do they help in real trading..
Simple answer is yes.. definitely they do..
It does not matter whatever you follow as long as you get descent realistic profit.
But in the long run its the discipline and money management that make one to get profits consistently .I believe keeping one’s self to trade along
these lines automatically induces the discipline and good money management
Each category itself explains its importance, I will say few lines about each category ,so it may help the novice..
Conditional orders help
one to protect the capital and lock in the profit. So they form important role in the concept of
‘trade the plan’.
Max draw down;
Keeping the draw down to minimum is necessary to succeed in
the long run. .here the mantra is keep the risk to minimum..this parameter reflects your money management, asks you to have good mm
Avg pip gain &loss and win ratio;.
These three constitute soul of one’s trading
plan..if avg pip gain /loss is big then a low win ratio is enough to make you
profitable and vice versa.
a good win/ratio and big avg pip gain and low avg pip loss
together indicate a sound trading plan.
A better understanding of the contest will better the chances of winning..and following guidelines
in a view to get advantage in real trading with good understanding, instead of
blindly aiming to get them(evaluation points)is necessary. A good trade plan itself contains a good number of duka evaluation points.
thanks for reading
wish you a good luck in your endeavors to get success.