I know my positions will be hedging at 6 PM
but I must wait signal at 9 pm to close some positions.
Can I close my positions after the automatic week-end hedging or the platform will block this option after 6 PM?

There are a couple of statements i would like to get off my chest right now regarding the rules

While i thoroughly enjoy this contest so far as its an excellent plattform for me to fool around with some strategies ive been working on for a quite a while there are some issues regarding the evaluation of trader performance.

While its no secret that we all agree that certain rules must exist for any and every contest i do not truly believe that this contest is truly evaluating traders performances. You can rank performance based on risk reward ratios that traders set based on SL and TP levels. And that certainly is a good way to measure performance. Change in Equity, ROI, and pips gained are also a good measurement.
The underlying issue remains though that many people at least most of the traders i know are scalpers never in a trade for longer than 5-10 pips or 2-10 minutes. Isn't this a demonstration of excellent analytical capabilities though? Being able to read priceaction supply and demand and making coldhearted decisions within seconds to maximize profits and minimize risk?

You said yourself that this contest is made to demonstrate analytical capabilities.. so i am not asking for anything but it would be nice to understand dukascopys viewpoint on why there is a difference between making 1 trade in 4 hour or making 20 trades in 1 hour (basically scalping the 4hour bar up and down to maximize gains)? Arent both an attest to a traders analytical capabilities?

I do understand dukascopys goal to create a contest based on longterm trading strategy success. And i certainly agree with that the rules have been made clear and that if i disregard them i will be punished appropriatly by gaining less dukascopy points. Nevertheless i truly believe that your statement that scalpers are basically being punished because they are not showing analytical capabilities is untrue at best and misleading at worst.

Either way, i appreciate the opportunity for this contest although i do wish that the quickbuy option would be made available so im able to drag limit orders for entry points along horizontal supply/demand levels more quickly, thus allowing me to adhere with the policy of being rewarded for placing limit orders rather than entering at market which is what im currently forced to do when trading on a 2Minute and 5 Minute timeframe.

Have a nice weekend,
Kind regards,
Alexander

OK how to close position manualy? cos right click > close position is gray (inactive) ..do not work.
I cant open contra position either .. so how can I close position manualy? I thought that I can exit just on SL...
pls help.

If you are mentioning "contra positions", you are almost surely referring to a case when a margin cut action took place. Supposedly (since you did not mention precise trade IDs), it was a MC trade due to the application of the 1:30 weekend leverage on Friday, at 18:00 GMT(Please check the margin requirements for more details: https://www.dukascopy.com/swiss/english/ ... ts/margin/). If that was the case, then you indeed could not close any of the positions as it would lead to the exceedance of a 200% use of leverage. Though, you could have closed the positions after the restitution of the regular leverage (1:100), which happens on market opening.

Dear sir,
I have 2 doubts about the contest.
1. Popularity
2. Having position more than 30% on weekend

Your rule says:
Popularity - summary of three ratings. Maximum 100 points.
Total attendance of personal blog by unique ip-addresses. 1 unique IP visit brings 1 point.
Number of comments in personal blog. Limitation: 1 comment per 1 forecast from unique ip-address is counted.
Forecasts evaluation by "I like" system.
While unique ip and comments clearly says about the points, you are not clear on “Forecasts evaluation by "I like" system.” This has no clearly mentioned point per click.

2. Over-the-weekend leverage
You system automatically takes hedged position on weekend if the leverage is more than 30%. Suppose I have 3 open positions which account 50% and in one position I am in profit and other 2 loss, then will your system take hedge position on all the open positions or only to the extent of over leveraging i.e. 20% of the positions and in which positions the system takes the hedge? Will the hedge position taken at 18.00 GMT itself?

Hoping to receive your reply at the earliest and thanks for creating such a wonderful trading competition.

1. The logic remains the same as for comments. 1 "I like" vote brings 1 point for the popularity.

2. Margin requirements applicable to contest accounts are identical to those that are in force for regular Demo and Live accounts. Please see for more details: https://www.dukascopy.com/swiss/english/ ... ts/margin/
In your example all 3 positions will be hedged proportionately (there is no one single position chosen for hedging), so that the aggregate use of leverage would be restored to 100% (back from 200%). The hedging positions will be opened automatically at 18:00 GMT on Friday upon condition that after the introduction of the 1:30 leverage, your use of leverage exceeds 200%.

Popularity:
If that’s the case, the top 10 traders as per popularity ranking currently stands at win007, skytrader, ELENA_M, forastero, NagarajaAdiga, trendbreak, mrkahn01, snowshow, alex_kz and kempes have 1690, 2327, 1293, 1306, 1659, 1300, 1229, 1014, 1025, 923(unique ip+comment+vote) points respectively but the ranking differs, which made me think if there is any other point system for voting separately.

Hedge:
In real or regular demo a/c, if a trader makes haphazard trading and his balance hits 100% your system automatically opens a hedge position so that his position is below 100%. And in the volatile market, trader can exit profitable hedge position and wait for the initial position to come to profit or visa versa. This is a wonderful service you give to your real account traders so that the traders won’t run out of investment fast. And it’s this investor friendly rules make Dukascopy the top preferred forex broker across the world.

But, when it comes to contest; your rule says, “Only 1 position could be opened at any instrument” and by opening a hedge position, a trader has 2 positions of the same instrument there by you are breaking your own rule from your end. One of the contestant opened positions with over 200 pips sl and tp, had over 70% investment worn out. your system must have opened hedge position and he managed to exit his both positions in profit because of the recent volatility in market, which gave him an unfair advantage which others didn’t have. And also, instead of punishing a bad trader, you gave him red carpet welcome. This has happened with one of the top traders which made me write this.

What I strongly feel is when it comes to trader contest; arrange to close the positions when there is a margin cut instead of opening hedge position so that the trader will not open 2 positions in the same instrument. Allow traders to carry 100% position on weekend. If the position is above 100%, arrange to close positions on weighted basis or any other way.

If my understanding of your hedge position is wrong, please elaborate me. Hope you take this suggestion in order to give equal opportunity for all traders. Thanks for your prompt reply.

Just setting pending order about 1-2 pips from the market, we can make "Share of positions opened with conditional orders" is very close from ideal. How can Dukascopy can explain its rules ?? A trader can do it to make his "Share of positions opened with conditional orders", and wonderful, he can get a high point for ducascopy's evaluation..

Popularity:
You slightly misunderstood the logic of popularity score computation. The aggregate rank is not based on the arithmetic sum of his points gained on all the 3 categories (IP visits + comments + votes). Instead, traders get ranked separately by all of those 3 sub-parameters. Then, their 3 "sub-ranks" are summed up and the result indicates the total popularity score.

Hedging:
The rule about "only one position per pair opened simultaneously" applies on the side of the trader through a validation built in the contest platform. Margin cut trades are an exception, which cannot be avoided due to the margin policy of Dukascopy Bank SA (https://www.dukascopy.com/swiss/english/ ... ts/margin/). The application of the 1:30 weekend leverage cannot be avoided as well. Due to the same reasons. We do understand that it is theoretically possible to exit both positions in profit. However, we are convinced that it is no more than a successful one-time coincidence. You cannot build your trading strategy on that and it will not give you a considerable advantage neither. Instead, you are more likely to rapidly deplete your account with such an overleveraged strategy.

As refers to closing the position instead of hedging it: such an option is currently under development for all Dukascopy accounts. As soon as it is available, we will consider introducing it for contest accounts as well.

Exactly due to those reasons we made the evaluation system maximally all-encompassing. With the view to account for all the factors and to level off such disbalances. Merely having a good ratio of trader opened by pending orders is far not enough to win the contest. It is only one of the preconditions to be highly rated at the end of the contest. Moreover, Dukascopy follows the trading activity of the traders (especially, the leading ones) and reserves the right to adjust the final standings with the help of its expert evaluation. One of the main tasks of the expert evaluation is exactly to account for the factors that cannot be measured automatically or cannot be tracked by the system.

Thanks for the prompt reply which cleared all my doubts.

Good day to you all. I want to know exactly what counts as ´votes´ for each participant in the contest. Is it the ´Like´indicator? thanks..

Right you are. By votes we mean the "Like" indicator next to every record in the trading blog.

Dear Trader contest participants,

We are glad to announce the release of a new functionality meant to provide you even more transparency of the trading process.
Platform's screenshots can now be added to trading blogs
Now one can choose to attach a screenshot with his technical analysis or other valuable information directly to the blog record.

Please find the respective checkbox ("Send Charts image") in the order creation window of the contest trading platform.

Dukascopy trader contest support

is't possible to upload the chart after we place the trade? even though it's easy for the trader to identify the trend and trade, to put the chart in a presentable format which should be understandable to the other person takes time and market might have moved a lot by then. every one get the same chart, anlalysing price chart is the matter. so it will be great if we can upload the chart after placing order.

Unfortunately, technically the chart can be attached only at the moment when the order is being made.

Hi,Dukascopy,
I found when I update my strategy in March,the strategy in Feb will change too. Could you slove this issue? Maybe players want to test or update different strategies in this contest.Thanks

Same here...same credentials... and if trying the old credentials, got a "Contact support" box...
Any hint on this?

#three things:
#1:praise: big thanks for adding this Chart feature
#2:observation: it works only in JForex, when using Java Platform, there's no graph because the main pane of the platform is being grabbed
#3:request: if feasible, would you please allow URL parsing in comments for approved sites for sharing charts (e.g. chart.ly, charthub.com etc.)

#1: Thank you for the positive appraisal.
#2: Indeed, the function is primarily meant for JForex. That platform is in general focused on chart trading and, therefore, was chosen as the basis for the attachments functionality.
#3: Such an integration is not planned so far. However, we might add the option to share the direct link to a particular entry of the trader blog (currently, the record can be shared only on Twitter & Facebook).