Hi to all, if anyone have idea what is going on here it is higly welcomed to post a knowlage about it.

I have issue that my total rank suffer a lot beouse of low evaluation points from "Dukascopy stats" and I have done
detailed analysys about this issue to find (if any) way to improve it. Found something that preaty much confusing me and wanna share my dilema publicaly.

I give appologies to one of a briliant trader which will be involved into comparation.

So..accoding this :

Dukascopy discloses and recalculates the Dukascopy evaluation factors on an online basis and it is available all over the month (previously, this evaluation factor was published only after the end of the contest). The total Dukascopy that a trader receives is assigned basing on the following parameters:

1. Share of trades made with conditional orders (the more - the better)1 - 20%
2. Maximum % equity drawdown - 20%
3. pips gained on positive positions (the more - the better) - 20%
4. Average pips lost on negative positions (the less - the better)2 - 20%
5. Win/Loss ratio - 20%

I have compare: trader: https://www.dukascopy.com/tradercontest/ ... erimenter1

with me https://www.dukascopy.com/tradercontest/ ... der=Furian


1: Share of trades made with conditional orders (the more - the better) - 20%
me: 63% he: 43 % better: ME

2: Maximum % equity drawdown - 20%
me: 27,7 he: 20,99 better: HE

3: Average pips gained on positive positions (the more - the better) - 20%
me: 28,59 he: 25,67 better: ME

4: Average pips lost on negative positions (the less - the better) - 20%
me: -53 he: -36 better: HE

5: Win/Loss ratio - 20%
me: 88% he: 81% beter: ME


As we can can see I am better in 3 of 5 categories but he have 17 and I have 2 points into "Dukascopy stats"

Look like some columns participate more than 20% in share of total sum in this category.

Can anyone confirm this or give some resonable checkable explanation?

Hi Furian:

I don't have analysed the classsification method but seems to me to be possible that situation because this:

Points of total dukascopy avaliation:

1º - 50
2º - 45
3º - 40
4º - 39
...
42º - 1

I think for all factors they have the same calculation type to calculate it and do a average for total pontuation. If you are a lot below him (have many intermediary positions from other contestans between you and him) in that specific classification parameter this may affect the overall classification obtained from each one.

To get any conclusion you need to compare all 42 contestants with Dukascopy evaluation points. Compare one with other as is without looking for others intermediary contestants don't seems to me correct for the reasons above.

Trade well and prosper in your way

Best regards

JL

Hi jlongo,


Thanks for comenting. I know what You talkng about. I have compared all traders who got from 1 up to 17 points and find 10 examples where I was better in 3 or 4 sections dukas evaluate with 20% each.... example with experimenter 1 was chosen just to ilustrate paradox I can not understand becouse we have almost identical closed trades. I spend a lot of time to figure out their calculation method according what they say in rules and only conclusion was that (in spite what they say that each section brings 20% of total) some secton brings more, some brings less. I also wrote to suport of Dukas and will bring here their answer as soon as I get it.

I have idea to decrease my average pips of lose positions with intentional producing lose position. 10 of them with 1-2 pips each will decrease average a lot..from -53 down to -20.... this sounds praty much wierd that I need to produce some losing trades to improve my evaluation points.

If anyone know about this issue something more, comenting is highly welcomed.

Almost whole day I spend to figure out Dukas evaluation priciples. And acording all I have seen as characteristics of all valued traders look like Maximum % equity drawdown is ultimate issue about Dukas rank. Bunch of valued traders are far away from my characteristics in all other sections but a Maximum % equity drawdown. So, conclusion about this is that no matter win/loss ratio, no matter conditional orders, no matter average positive trade pips, average negative trades pips ... just if trader have low Maximum % equity drawdown he have nice ammount of Dukas evaluation points. Anyway I will wait for their response via e-mail to have complete insight about issue but I have sow what I sow and conclusion was obvious no matters about they "20% each" claiming . Hope that this topic at the end will help all of us to understand full and clear mechanism of evaluation in purpose of maximal adjusting of our trading skills.

In reality the maximum % equity drawdown is more than 20%. It is the most important parameter in this evaluation.

Good research Furian,

Even I had lot of questions about how Dukascopy points are awarded. I suggest contest support team comes with a clear answer to this better with a hypothetical example.

Infact few days back I was intending to write a mail to support team requesting about the " constituents" of Dukascopy points.

Lets wait for the support to respond.

Regards

hi , all
i have an explanation how duka point system may be working..

it is a three step process..

step 1 ;awarding points on individual categories ,say max draw down..the least will be given a 100(suppose on scale of 1 to 100...whatever the scale it be it makes no difference)

step2:summing up all the five categories points ..may be like this 100+60+80+0+1...

step3: awarding duka evalution points..the one on top(after step2) gets 50..the next gets 45..40,39..etc..


based on this i can explain why a person who is better in 4 categories can have less duka points than the one who is better just in one category


suppose you are better in four categories getting some 20+20+20+20+0...=80
the other may be having 0+0+0+0+90..=90..
being better only in one category but having top points in that..makes him eligible to get better duka evaluation points...

Tulasi : Great insight about issue. Still no responese from support, wondering why they dont answering and allowing all of us to guessing and be missleaded with various theories. Hope that sometme this evaluation methodology will be announced laud and clear to all of us. Progres need time. In past they hide their evaluation all month and announced at the end. Their contest is one of the best in industry. In spite of that they are relly stuborn about some things which make so many people to give up from competiotion. Hope everything will be fine at the end of story.

I do agree with You. If the evaluation methodology is put in a documentary form with clear examples, more people start participating. Now majority of the traders really don't understand the criteria for evaluation and the real calculation methodology...More transparent.....more progress in quick time.. from the perspective of community development also, this is essential...

Say for example... Say a traders equity goes to 300k and then comes back to 200k..Now how the points are calculated for the concerned drawdown?... Then as stated by Furian,,, Dukascopy points.....I hope contest support take note of this and comes out with good news...

Ok people, I have got answer form Dukas support, preaty much in line with Tulasi's thinking.

"...For each parameter we have a leader - the one with the best score. So it's not just about in how many categories you are better but how much you are better. Basically you get your rank for each of the parameters and than the average rank is calculated and all the users are ranged. The 1st one gets 50 points, 2nd - 45 etc.

Try sorting the ratings by Dukascopy points and look at the stats of your closest rivals ...."

This is clear enough for me. But there are still huge gap about logic. For example, a lot of traders who give up from contest holding huge ammounts of Dukas points and make imposible to active competitors to reach them. Acording that almost two days I makeing intentionaly losing positions to decreace parametar "average lost pips" and becouse of that wierd practice I made substancial advance in evaluation. Also it would be very handfull to arrange some public top list about each parametar (not just in total) of Dukas points. Way it is in a moment we need to make own very complicated and frustrating research, make some exel sheets and compare all competitors to be awared what segment we can improve which not. This take a lot of time and efforts and misslead all of us from basic purpose here-TRADING.

Hope that Dukas will reconsider some of my suggestions to improve "user friendly" segment of competition.

Hi Furian

Appreciate the hardwork put into finding the information.

I don't think Dukascopy would put this type of work or the extra programming(n00b about programming and stuff) required for the additional stats or the sorting process for inactive users.
After all its a demo contest.

Hope they do, but I wouldn't in their place.

Anyway take care and congrats on the first place @ the moment.

Regards