Dear Trader contest participants,

Following your numerous requests and the ever-changing nature of the contest, we've come up with some noticeable changes in the Evaluation structure. Those changes mainly refer to the decrease of the Popularity's weight in the total score (it will now give a maximum of 50 points, not 100 as used to be previously). Secondly, the content of the Dukascopy evaluation will also me amended.

Please find the updated version of the ranking calculation below:

1. Performance - 100 pips maximum
2. Pips - 100 pips maximum
3. Dukascopy 100 pips maximum
4. Popularity - 50 pips maximum. (previously 100)

In the “Popularity” nomination the points are assigned as follows: (1) 50, (2) 45, (3) 40, (4) 39, (5) 38, ... (42) 1.

The updated Dukascopy evaluation will be based on the following factors:
1. Share of trades made with conditional orders (the more - the better) - 25%
Now includes pending Entry and Closing orders (SL/TP) simultaneously. Entry pending orders are counted ONLY if they were set at least 20 pips away from the market price (to avoid cheating manipulations, which are currently possible).
2. Maximum % equity drawdown - 25%
3. Average pips gained on positive positions (the more – the better) - 25%
4. Average pips lost on negative positions (the less – the better) – 25 %
Calculated only if the average pips gain on positive positions is >= 20 pips.
5. Extra bonus points from Dukascopy (received only by selected traders)


The updates are expected to come into force starting from July, 1st. The statistics shown on participants profile pages will be adjusted accordingly.

4. Average pips lost on negative positions (the less – the better) – 25 %

You guys realize someone could just game the system by opening a ton of positions and then quickly closing them with a small loss..?

"ONLY if they were set at least 20 pips away from the market price[/u] (to avoid cheating manipulations, which are currently possible)."

Nice, so what about on NOK and SEK pairs?

the problem about popularity will be exactly the same.

For example now multisanti have 70 points and the RANK 1 have 100

with the new evaluation multisanti will get 20 points and rahul 50 point.

you always have the same 30 points gap.

And we know 10 poins can make a winner or a loser

Dear Dukascopy Contest organising team,

Thanks for your efforts to improve the contest month by month.

Reducing popularity points now looks interesting, but only if you take some measures to avoid spamming.

Some seniors in the contest are actually not active in community due to their popularity but they get more comments and votes from their fans/followers. So if you add additional rule, such as "comment by the trader in other traders blog" then they will be active in the community. As you already monitor the top 10 traders’ activity, you should see to it that those who are in top10 don't spam, instead make interesting comments in the other traders’ blog. If you can't make it automatic, you can do the same while giving bonus points.

You may also add the following measure to control spam by top10 traders: at the end of the month you may list the comments made by the top10 traders and categorise the comments under spam and you may delete 1 popularity point for every 10 spam posts (or any no. of posts as per your observation) which will reduce the traders from spamming just to get the aforesaid points or any measures like that.

Thanks for adding the condition of 20 pips entry level as requested previously as it really tests the analytical skill of the traders.

Small request: what ever the points reduced by popularity, you may distribute the same to dukascopy evaluation from current 100 to 150. It will be more interesting and traders will be more serious about the contest and their performance and also the final score will be 400 as before.

I would like to thank your team for continuous efforts to improve the contest and support to contestants.

These 50 popularity points will be still easier to earn through manipulation than 50 performance points through trading.

Why don't you simply terminate popularity points?

I currently have 100 Dukas Points, but 0 Popularity Points with current ranking of 23rd.

I noticed one of the contestant is on 9th position with 0 Dukas Points but high Popularity Points.

I agree with the suggestion of adding more points to Dukascopy Evaluation viz. 150 instead of 100.

Thanks

hey dog_fafik,

what made you think Winning 50 popularity points (After amendment) is easy to earn?????

lol! please prove it in next month contest by getting 50 popularity points and say it's easy. then we will all ask dukascopy to scrap those points.

Unless you are an extremely active in the community or abnormal trader like Rahulkghosh, making traders come to your blog and commenting your trades is tough. see there are so many good traders with over 400% return but they are still down in the contest list because of their inability to maintain popularity. use the community to relax yourself and making friendship with traders from other country. when on earth you will get such an opportunity to meet foreign friends?

20 (or any other relevant figure) pips were set for the EUR/USD. For all other currency pairs the figure will be accordingly adjusted with reference to the pip conversion schedule (find it in the rules)

The problem will not be the same because the weight of the popularity will be decreased in two times. The fact that one participant may still overtake another (even with a gap of 30 end more points) is normal, because this is a competition. Everyone acts in the same conditions, has access to the same instruments and is subject to the same evaluation structure.

Discontinuing popularity points completely is not considered as an option.

Why Not Remove The Popularity Points Completely From The Contest So That The Final Results Will Reflect The Traders Actual Skill And Alternately Give Some Sort Of A Monetary Bonus (Say $500 Each) To The 10 Most Helpful Individuals - That Should Solve This Dilemma.

... And No I Won't Be Eligible For That Bonus

Dear support,

Could you please throw light on the following amended rule:

1. Share of trades made with conditional orders (the more - the better) - 25%
Now includes pending Entry and Closing orders (SL/TP) simultaneously. Entry pending orders are counted ONLY if they were set at least 20 pips away from the market price (to avoid cheating manipulations, which are currently possible).

Does it mean, now both the entry should be atleast 20 pips from maket and also the trailing stop or profit should also be 20 pip from market to be considered as conditional order trade or only entry is calculated for the conditional order?

how will it be calculated if only entry is conditional and exit is at market and viceversa?

what about the slippage while sending the order. suppose a trader is placing a 20 pip distance order and if the market moves in that time, what will be considered? for e.g., suppose a trader has a long position in eur/usd at 1.4400 and wants to trail his position to 1.4460 when market is at 1.4480 and while he changes the price if eur/usd falls to 1.4475, will you still consider the 1.4480 for calculation or 1.4475.

Thanks in advance for the reply

The problem with popularity is that there is no clear "conditions" and "instruments". Nobody knows what is allowed to do, what is not allowed and the most interesting "what is not allowed but nobody cares". May I invite a lot of my friends to vote and comment every my trade? Can I massively comment others with with repetitive comments? And if the answer to previous two questions is no, what punishment I will take?

Yes this pairs NOK AND SEK are very frastuating really im sick of looking people make 10000 pips on trade they benefit from this big number really ;] gain more popularity from the newbs who even dont know about this crosses.

Are you joking? Im not here to become holywood star ... the basic idea of the contest is the best trader win... it's not a vote for president .... If one have is more popular screw the good traders choose the popular guy... rofl.

just checked to see how the dukascopy points are calculated this month and found they have not changed. especially the rule.

1. Share of trades made with conditional orders (the more - the better) - 25%
Now includes pending Entry and Closing orders (SL/TP) simultaneously. Entry pending orders are counted ONLY if they were set at least 20 pips away from the market price (to avoid cheating manipulations, which are currently possible).

Most of the traders with highest dukascopy points have entered the positions with less than 20 pip conditional order.

Just wanted to know if it's been active. because 20 pips is a big amount in forex.

Dear Staff, just want to say thanks for throwing together a nice contest here and taking the time to listen to the people and upgrade it month by month. This is my first month in but it already looks like it will be a fun month. I have nothing to add constructively for now, just wanted to say its a nice breath of fresh air to actually see a company that works with peoples opinions instead of defending there positions harshly. Great job!

The precision stating that "Entry pending orders are counted ONLY if they were set at least 20 pips away from the market price" has been temporarily removed from the rules to avoid confusion in the meantime.

Actually, it was the only part of the new rules that is not yet implemented. It will be released within the coming weeks. As soon as it's added, the respective clause will appear in the rules as well as the according announcement will be made.

Thank you for your positive feedback.

There is something wrong with the maximum drawdown option. Some contestants had drawdowns, but in Dukascopy Stats they have 0% drawdown. For example: "TheLeperKing" had on 1 July serious loses (-41 pips by 5.000M EUR/USD,etc). In his stats is 0% drawdown. I,bezalex, had no drawdowns. All 19 orders were closed in plus. But in Dukascopy Stats I have drawdown 3.28%. Why???