Profitable Week Classics is Back!
Profitable Week is a regular ForexCup competition that has undergone several sets of changes. All of them were aimed to improve your experience and whet appetite for the contest. Some of the changes were adopted, the others were called off. Now the “Profitable Week” contest is back in its optimal shape.
The US$1,500 prize and bonus fund is at stake this round. Each participant who manages to increase the start-up deposit by at least 70% will get a bonus for profitable trading. 7 winners will share the US$500 prize pool as follows:
- 1st place – US$250 + bonus;
- 2nd place – US$100 + bonus;
- 3rd place – US$50 + bonus;
- 4th place – US$40 + bonus;
- 5th place – US$30 + bonus;
- 6th place – US$20 + bonus;
- 7th place – US$10 + bonus.
The Profitable Week conditions are most favourable for the entry-level and professional traders alike. A no entry fee makes the competition affordable for would-be traders, while a good many of participants makes the competitiveness somewhat intense.
5 trading days is a convenient time-frame to make your trades yield profits. Contestants are allowed to apply locking and EAs to simplify the decision-making process.
Key dates:
- February 16, 2015 – registration starts;
- February 25, 2015 – registration ends;
- February 25, 2015 – competition starts;
- March 4, 2015 – competition ends;
- March 5-6, 2015 – summing-up.
Bonuses:
- 1% of the profit made during the competition will be added to the account of the traders, able to increase the provided start-up deposit by at least 70%.
- Declared bonus budget – US$1,000. The maximum bonus for 1 participant – US$250.
Terms of the contest:
- Free to participate;
- Trading instruments: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, EURGBP.
- Trading platform: MetaTrader 4 (download);
- Contest account: competition ECN;
- Start-up deposit: US$5,000;
- Leverage: 1:100;
- EAs: allowed;
- Locking: allowed;
- Lot volume: from 0.1 to 1 (maximum 1 lot per order);
- Number of orders, opened at a time (including pending orders): maximum 3.
Additional restrictions:
- Total trades minimum quantity: 5
- Total trades minimum volume (lots): 5
Dear traders, note, please that trades are closed automatically at the end of the competition. Accordingly, the closing price may either coincide with the market closing price or differ from it as the positions are closed with a little delay not instantly.
Basic requirements to be eligible for a prize/bonus:
- Make at least one post in the corresponding thread of FXOpen Forum (otherwise prizes and bonuses will be abolished).
- Make at least 5 trades of 5 lots’ total volume during the contest.
FX Insight. Test your luck! Hit the mark! (GBP/USD on 28.02.2015).
FXOpen regularly holds a competition where the winner can get $30.
Currency pair: GBP/USD
Date for determination of the course: closed at 22:59 27.02.2015 (terminal time)
Acceptance of rates will be ended: February,24
Date of announcement the winner’s name: march,2
Prize: $30 to STP.
Please, note that now the competition accounts are changed from Micro to STP. Now the rate must be predicted using five fraction digits – 0,12345 (3 fraction digits for JPY pairs).
How to participate?
You have to leave a message on this forum thread with your prediction for exchange quotation concerning the currency pair, mentioned in the competition
Determination of the winner
A participant, who mentioned the exact closing price for the currency pair or the closest variant, will become a winner. If a few persons mention close variants, the winner will be the one, who was the first one to do it. The close price for the currency pair will be taken from FXOpen trading terminal after the closing of trades on Friday by Bid price.
Rules of the competition “Guess the exchange rate”
1. You have to add your forum’s nickname to your bet (for example, nickname – your bet);
2. Spreads between participants’ bids should be no less than 50 points. For example, if there has been already made a bet for 1.50000, all other participants should choose variants not closer than 1.49950 or 1.50050;
3. You can’t repeat someone else’s rate;
4. Each participant are able to make only one bet;
5. You are not able to change or delete your prediction;
6. If your bet has been declined, you can leave ONE new bet which totally comply with the rules. Please, be attentive - just one bet from one user can be in the list of accepted rates
All the bets, which do not comply with previous paragraphs, will be deleted.
The terms of withdrawal of the prize
1. If you want to withdraw your prize, you have to make at least 5 deals of any lot;
2. Each trade should be with profit or loss (+-) 40 points;
3. Each deal should be opened for at least 10 minutes.
Help
If you want to increase your chances to become a winner, you should:
1. Download an FXOpen trading terminal;
2. Open an STP account for free
Please, check your rate according to the rules of the contest before the publishing. Pay your special attention to the rule “spreads between participants’ beds should be no less than 50 points”.
Usually, we update the list of accepted rates every day. But sometimes there can be a few new rates, but the list has not been updated yet. So, please, read all messages carefully, starting with the last message from the Moderator.
Place Your Bid Here
https://forum.forexcup.com/showthrea...-28-02-2015%29
