Im trying to join the traders contest but some of the rules are a little confusing. could anyone explain to me how this rule works or what it means?
"Take profit and Stop Loss levels should not exceed 2% from the opening price for EUR/USD. Limits for the rest instruments recalculating each settlement according to "Pip Conversion Schedule". E.g. Limits for AUD/JPY=(EUR/USD Points/AUD/JPY Points)*2%=1/1.74*2=1.15%; for EUR/NOK=(EUR/USD Points/EUR/NOK Points)*2%=1/0.17*2=11.76%, etc."

ive quoted that directly from the contest page for rules.
thanks for your help.