fred wrote:
Why don't we eliminate popularity as an evaluation criteria? Because in fact, what counts is quantity and not quality....
Why don't we put it instead as part of Dukascopy points, it would not be so relevant then.... or just as a complement to get Dukascopy bonus points?
That would avoid many stupid polemics.....
fred, absolutely!
or at least weakenthe POP weight in the formula. i think the evaluation points must gain weight. if dukascopy wants the contest traders one day to be followed
by real money traders automatically, via PAMM accounts and a follower function (you select a trader out of the community, the one you like most and dock
your real money account to that and his trades get automatically traded in your account!) they must also design the contest calculation in a way that enforces safer trading.
if DUKASCOPY wants to develop one day such a model of leading traders and followers, THEY MUST give the evaluation more weight and the popularity less weight
and of course the DRAW DOWN value must be fully in charge. no gambling bonanza with 30%+ DRAW DOWNS per day. right now you have to take much higher risks to be on top.
i am not the only one who blows the account from time to time. with a changing evaluation much more reasonable money and risk management strategies come to play!
a few months ago i made the follwing proposal for the calculation of the ranking points:
PIPS 35%
DUKASCOPY 35%
BALANCE 20%
POPULARITY 10%
in a way they implemented slight changes by cutting the evaluation points and the poopularity to 50! before it was 100 each.
but i think the evaluation has to have more weight! and also the pips.
in the model they have right now my above propsed formula would be something like
PIPS - 200 MAX
DUKASCOPY - 200 MAX
BALANCE 100 MAX
POPULARITY - 50 MAXsince the cut to 50 points in some columns it seems to me that we have much more abrupt changes, because so many traders share less fractions of the points. so perhaps the ranking changes would occur smoother if we have more points to share? this of course depends on the fractions. they can also make the calcualtion smoother and define smaller graduation and leave it to 100/100/30/50.