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How to incentivate traders not to destroy the account
 Post subject: How to incentivate traders not to destroy the account Post rating: 0   New post Posted: Mon 23 May, 2011, 13:05 

User rating: -
Hi Support,
to incentivate traders not to destroy the account I suggest to consider as points the sum of Balance and the sum of Pips of "Last Consecutive Months with profit".

For Example:
----------------------------------------------------------------------------------
Partecipant1
Last Consecutive Months with profit = 3
March -> Balance= 170000$ PipsGained= 350
April -> Balance= 200000$ PipsGained= 500
May -> Balance= 250000$ PipsGained= 750

SumOfBalances = 170000+200000+250000 = 620000$
SumOfPipsGained = 350+500+750 = 1600

----------------------------------------------------------------------------------

Partecipant2
Last Consecutive Months with profit = 1
March -> Balance= 30000$ PipsGained= -140
April -> Balance= 20000$ PipsGained= -160
May -> Balance= 500000$ PipsGained= 1300

SumOfBalances = 500000$
SumOfPipsGained = 1300
----------------------------------------------------------------------------------


So the winner for May should be the Partecipant1.

So traders that make huge profit one month and lose all the month after should have difficult life.


Best regards,
Frank


 
 Post subject: Re: How to incentivate traders not to destroy the account Post rating: 0   New post Posted: Tue 24 May, 2011, 16:56 

User rating: -
Good idea, :)
However, I think if there will be this kind of calculation, it should start from the month this calculation becomes available. Because it hasn't been "against the rules" to take massive risks and it's only fair if past months don't affect the current standings. (Until they introduce this kind of calculation-rules.)

I see they just added this "Average end-of-month equity:", so something like this might be on it's way...


 

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