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Trader Contest
Trader contest results

Results

Trader & Place Prize, $ Performance,
points 		Pips expert,
points 		Popularity,
points 		Dukascopy Overall
Ultim8_FX_Xperience
1st place 		5000 90 90 71 73 324
JForexStrategy
2nd place 		2500 79 74 86 83 322
fx211pips
3rd place 		2500 100 100 89 28 317
trader55
4th place 		1000 89 95 100 31 315
heven_
5th place 		1000 77 77 68 85 307
Fraqtal
6th place 		1000 82 81 80 60 303
fantomas
7th place 		500 86 75 77 53 291
serendipity
8th place 		500 84 73 54 55 266
FXtrader
9th place 		500 76 54 53 80 263
jipper
10th place 		500 72 38 62 88 260
forexmonologs
11th place 		0 73 89 41 41 244
alang10607
12th place 		0 81 65 67 26 239
Teneres_sa
13th place 		0 85 13 87 38 223
StevenSeagal
14th place 		0 80 48 24 70 222
dotmag
15th place 		0 78 62 9 65 214
MoscowMule
16th place 		0 66 25 47 63 201
scdsistemaweb
17th place 		0 51 66 0 78 195
antonio29
18th place 		0 88 0 81 23 192
gueropizzuto
19th place 		0 58 39 43 48 188
alberto
20th place 		0 65 84 0 33 182
Endnote and comments: December 2010

The first month of the long-term and promising project "Dukascopy trader contest" came to an end on December, 31th and now we are glad to announce the Dukascopy evaluations and unveil the final standings.

Observing the opening stage of the new contest has been very exciting, especially looking at its rapid growth and the activity emerging around it. Apart from ascertaining the initial expectations about the potential of the competition, December brought lots of valuable insights into improvements and the new features which need to be implemented in the contest. Some of those have already been added, yet there is still a list of planned amendments to be carried out in the near future which will bring more convenience and utility to our participants.

The rules of the contest will see some improvements compared to the first month. The evident disproportions and trading strategies of certain traders (e.g. huge lots of some traders) are forcing us to implement a new limitation on the maximum lot size, which will be applied very soon. The maximum trade will provisionally be limited to 5 million currency units in the base currency (e.g. 5 mio EUR for EUR/USD, 5 mio USD for USD/CHF etc). The respective automatic validation will be implemented in the contest trading platform.

The second problematic area that currently impedes the contest's content from moving to the desired direction are the comments posted by participants. Unfortunately, on average the quality of comments is still insufficient and scarcely can claim to be analytical or helpful. Comments like "Buy", "OK" etc. still represent a considerable share of the blog, which is unacceptable if one wants to qualify for a prize position. We remind that Dukascopy reserves the right to penalize poor comments by putting low Dukascopy evaluation points, which may offset the otherwise successful positioning of the trader in the contest standings. And vice versa, we will give additional credits to those posting meaningful and interesting justifications. The latter was done already for the December, where one of the leading traders (_heven) received the maximum points from Dukascopy for his qualitative comments.

We remind that all in accordance with the published guidelines, the Dukascopy evaluation points were credited basing on 4 factors:

  1. Risk/reward ratio (Average ratio of TPs to SLs)
  2. % of positions opened by pending orders
  3. % of positions closed at market
  4. Evaluation of comments quality and general activity of the contestant (Extra bonuses are awarded in this category for the most informative and analytically-grounded traders).

The second month of the contest is now running and the number of registrations gives us strong grounds to believe that it will be more popular than the 1st one and brings serious incentives to further develop and improve the contest.

New functions and features are on the way. Some of those are:

  • Trading statistics added to every profile page
  • Possibility to add free format posts to your trading blog
  • Possibility to edit your profile information and add descriptions of your trading strategies etc.
  • Sharing of individual posts
  • etc.

Finally, we highly recommend that traders read the short comments written by Dukascopy on all ten winners. We believe that they might be valuable for the understanding of the contest's priorities and may convey some hints on the possible ways of improvement for every participant.

Good luck in your trades and keep following the contest!

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