For next month, I would suggest to reduce popularity ranking and establish, win/loss ratio, avg winning amount - pips / trade, avg losing amount - pips / trade, portfolio min/max drawdown and substitute TP/SL ratio by actual closing of position instead of order target! At least provide these statistics for each trader to improove / track ourselves.

You should also consider the possibility of order changing

Eitherway, we are grateful to you Dukascopy for providing us this great contest!

You predicted our plans almost 100% correctly.

In April we will extend the range of available statistics and will modify the logic of the SL/TP ratio calculation.

1. Average pips gain on positive positions
2. Average pips lost on negative positions
3. Average pips outcome from all trades
4. Win/Loss ratio - Positive vs. Negative positions - in form of scale that is already used in statistics currently
5. Risk/Reward will be calculated ONLY on the basis of the trades that were actually closed by the TP/SL set initially.

Also, provisionally in April we plan to allow editing SLs in the direction of the trade.

Glad to hear that! Thank you!

I am almost 100% covered!

Would you please also consider possibility of target (Limit Order) change, besides manual trailing stop? (stop loss change in the direction of trade).

Thanks anyway.

Keep the Excellent Job!

I think you must explain more detail this rules improvement. We must know it before the contest is started. Can you give us an example (calculation process) ??
Thanks, dear regards.

I agree with i_trader . I find popularity ranking not quite fair , would suggest to change the "Evaluation structure" as follows :
Performance 30% - the total points would be 120 instead of 100(this would give points to more contestants with positive performance )
Pips Expert 30% - the total points would be 120 instead of 100(this would give points to more contestants with positive points )
Popularity 10% - the total points would be 40 instead of 100 (only 40 contestants would get points )
Dukascopy 30% - the total points would be 120 instead of 100 (this would give points to more contestants )
Overall 100% - the sum of total points gained

The reason I would suggest these changes is because I see traders with a higher performance/points on a worst standing than the ones with a higher popularity ranking (please see FEB contest standings ) . Some focus on getting more popularity than to trade , and have different strategies like "copy" and "paste" comments ( good luck , nice trade , all the best ... )to hundreds of contestants with lower/negative balances , knowing the fact that they have no chances to get any closer to them , in order to get their comments/votes back . There are some who really discuss the trades and their opinions , but not enough to consider the popularity ranking " fair " . I apologize if this may hurt some contestants feelings , but a contest should be held as fair as possible to consider someone " The best trader of the month "

This is my opinion and how I see things . Thank you Dukascopy !

Thank you for the proposal.
We admit that in future changes in the evaluation scheme and the weights attributed to every category may indeed undergo modifications.

I agree with your proposal ....the real results and pips should have the BIGGEST WEIGHT !

cheers

Dear Support Team ,

Beside the suggestions made so far for " Trader Contest " I would like to make a new proposal . Dukascopy currently has great contests , unfortunately for some traders something is missing . And this is a contest for LIVE accounts . Anyone with a Live account willing to take part , should be able to do so after they opt in , and the results should be calculated as for the most % return for the entire month .

Please let us know , if this is possible .

I think that money management is important. Some traders have a great balance, but they expose their accounts to high drawdowns, returns might be filtered by sharpe ratio or any similar stuff. Position management is important too. Current rules doesn´t allow trailing stop, neither partial take profits.

popularity is quite subjective, isn´t it?

cheers