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Contest Support

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Contest Rules

Registration Rules:

1. The JForex Strategy Contest (“Contest”) is held by Dukascopy (Suisse) SA (“Dukascopy”) on DEMO accounts for JForex strategies on a regular monthly basis.
2. For each respective month registration opens on the 1st and remains available until the 15th day of that month. Participants may register for the next month’s Contest at any time.
3. Only persons aged 18 or over are eligible to apply for a registration in the Contest.
4. Registration is a mandatory requirement for participation. Before trading on the contest account, Participant needs to compile a strategy in the trading platform in order to generate a strategy ID. The strategy ID is a unique identification number which is assigned to every trade on the Contest account. The strategy ID will be automatically assigned to Participant when the first trade is made on the contest account.
5. Participant agrees to provide true information at registration. If Participant will become eligible for any prize, information provided upon registration will be used to initiate procedure for opening of a live account with Dukascopy in the name of Participant. In case of information being false, inaccurate or incomplete, Dukascopy may declare participation in Contest void at any time at its sole discretion.
6. Among other, multiple registrations and/or use of proxy servers may result in Participant’s disqualification.
Trading Rules:

1. Contest accounts are registered with an initial deposit of USD 100 000.
2. Terms and conditions commonly applicable to trading via Dukascopy at the time of the Contest shall also apply to trading within the framework of the Contest (for information purposes only, as of March 1st 2010 these include: 32 currency pairs available for trading, account leverage 1:100, minimal size of one trade USD 1000, margin call level of exposure 200%).
3. Strategy must be compiled and used in the JForex platform only. Running the Strategy in any custom platforms or IDE is prohibited.
4. Trades must be mainly conducted by the Strategy script. In general, manual intervening is not allowed. In exceptional cases, the contestant may use manual trades to close positions, but the ratio of manual trades must be less than 10% of the total turnover. Dukascopy reserves the right to require Participant's explanation of any manual intervention with Strategy's operation, and accept or reject such an explanation at its sole discretion.
5. To run the Strategy, Participant must use his/her own computer during the Contest period.
6. The total amount of executed trades during the Contest must be at least 10.
7. No “black boxes” (as commonly known in the industry) are allowed. Strategy’s trading algorithms must be fully scripted inside the JForex platform. Participants are not allowed to use external files (DLL, JAR, etc), and/or MT4 strategies with MT4-JForex Clients Bridge.
8. At the end of the contest all open positions will be automatically liquidated.
Ranking and Awarding Rules:

1. The winners will be determined at the end of each respective Contest period. 10 Participants with the largest positive balances in the overall rating table will be defined as award candidates.
2. The winners must disclose the code of the strategy to Dukascopy (Suisse) SA for verification purposes no longer then 10 days after the end of the Contest. If the verification for strategy ID fails, the respective Participant may be disqualified from the Contest.
3. The total prize pool of USD 15 000 is distributed among 10 winners of the contest in the following manner:
- 1st place – “grand prize” of USD 5000
- 2nd-3rd places – “golden prize” of USD 2500
- 4th-6th places – “silver prize” of USD 1000
- 7th-10th places – “bronze prize” of USD 500
4. The winners may withdraw cash prize amounts from their respective live accounts after meeting the following minimum turnover requirements on these live accounts:
- 1st place – 10 million USD
- 2nd-3rd places – 5 million USD
- 4th-6th places – 2 million USD
- 7th-10th places – 1 million USD
5. Cash prizes are credited to a live account in the name of Participant with Dukascopy. A Participant who is awarded with a prize is not allowed to demand crediting of the prize to any other account, including, among other, an account that is not in the name of this Participant.
6. Each prize winner has a commitment to give consent to publication of his/her Strategy’s source code by Dukascopy. In case such consent is not given, respective Participants will have their prize value reduced by 50%. In case of 1st – 6th place winners the resulting prize amount will be credited to respective Participants’ live account with Dukascopy in a manner described above. In case of 7st – 10th place winners the resulting prize value will be counted towards the respective Participants’ bonus. If the total value of bonuses accumulated by the respective Participant exceeds 500 USD during one year the resulting amount may be credited to such Participant’s live account with Dukascopy in a manner, described above.
7. In case of Participant’s refusal to participate in promotional events, interviews, public announcements in connection with Contest, Dukascopy has the right to disqualify such Participant and give the respective prize to another Participant.

Dukascopy reserves the right to change the contest rules, requirements and awards without prior notice and at any time at its sole discretion.

Please note that any modification of the Strategy’s code during the contest will result in a change of the strategy ID – the unique identification number which is used by the JForex platform to label every trade on the contest account. Participants with multiple strategy IDs within one contest account will be disqualified, unless Dukascopy decides otherwise in its sole discretion.

For feedback, questions and comments please send an email to jforex(at)dukascopy.com