In 2008 the «Real Micro» Contest is held on the accounts with the deposit currency in USD, EUR and RUR with the minimum deposit restricted. Depending on the deposit currency of the contest account the minimum deposit is either 100 USD or 70 EUR or 2500 RUR.
Percentage of Profit, Drawdown, Profit Factor and Money Management will be used in the calculation of the rating. These are indices most frequently used by investors. Total analysis of these indices reflects the quality of trading at most.
Any investor knows what is most important in trading estimation. Obviously, this is an actual change of the liquid balance, that is change of the funds inclusive of the floating profit/loss. Liquid balance on the contest accounts will be fixed daily at the moment when daily reports are formed, later on the basis of these data trading will be analyzed.
A qualified investor also understands that trading with low margin level is connected with unacceptable risks. Margin level index will worsen total trading figures when trading with low margin level. Thus, it will be unprofitable for a trader to open positions with a large volume as his chances to win decrease when trading the whole deposit.
Regulations for Alpari «Real Micro» Traders' Contest 2008.
1. Contest Registration and Participation.
1.1 To participate in the Contest you have to be a real client of Alpari. If anybody has one or more live accounts of alpari.micro type he/she has the right to participate in the Contest only on one of his accounts.
1.2 Alpari staff and their relatives are not allowed to compete.
1.3 To participate in the Contest you have to be registered. It is not required to register in each of the four rounds.
1.4 While registering each real client of Alpari shall fill in the entry form specifying the login and password to access his/her live account of alpari.micro type and his/her nickname to participate in the «Real Micro» Contest.
Note: Your password will be used for authentication only at the entry. Once the registration is completed you should change the password. All information in the registration form is protected by 128-bits key of the HTTPS protocol.
1.5 All private information will be confidential. Alpari will reveal only participants’ nicknames, country and city releasing interim ratings and the final results of the Contest.
1.6 Once the registration has been completed a live account is listed as a «Real Micro» Contest account.
1.7 To participate in the Contest from any round a real client should be registered not later than 2 hours before the round starts. It is not required to register in each of the four rounds.
1.8 Live accounts of alpari.micro type, participating in the Contest, have one of the following deposit currencies:
1.9 The value of the minimum deposit of the Contest account, depending on its currency, makes:
- 100 USD;
- 70 EUR;
- 2500 RUR.
1.10 When a regular round starts (02:00 Moscow time, when a daily report on the deals made within a day, i.e. Confirmation, is formed) the deposit on each registered for the Contest account is checked. If Equity value is more or equal to the value of the minimum deposit, the checked account is transferred to the list of «Active accounts» and it participates in the rating calculation. The accounts which have passed such a test and listed as «Active accounts» are not checked any more within a current round.
The accounts the Equity of which is less than the value of the minimum deposit are listed as «Inactive accounts». The deposit on such accounts is checked daily when the Confirmation is formed within a current round.
Thus, the participant whose account is listed as an «Inactive account» may replenish his account within a current round and in case the deposit on the account is enough such an account can participate in the Contest.
1.11 The Contest participants should follow these Regulations, which should be read carefully as ignorance of the Regulations can not serve as an argument when lodging a claim.
1.12 The date and time of start and ending of registration and each round are specified below:
Note: Moscow time
2. Making deals on the Contest account.
2.1 A participant makes deals on his live trading account of alpari.micro type.
2.2 A participant has the right to open positions of any size (within the available free margin on the trading account and restrictions for accounts of alpari.micro type).
2.3 All transactions are made in accordance with the «Terms of Business» and other related documents.
2.4 Refer to page Contract Specification to see the trading instruments which will be traded in the Contest.
3. Contest Results, Winners and Prizes.
3.1 The winners of a regular round are specified in the following way.
3.1.1 To form the final rating four indices are introduced:
- Percentage of Profit (priority 1);
- Percentage of Maximum Relative Drawdown (priority 2);
- Minimum Margin Level (priority 3);
- Profit Factor (priority 4).
Percentage of Profit Index is of the top priority, then Percentage of Maximum Relative Drawdown, Minimum Margin Level and Profit Factor follow. These indices are calculated to the hundredth.
Note: Formulas of the indices calculations are given in the Comments to the Contest Regulations (Comment 1).
3.1.2 The final rating of the Contest participant is calculated in the following way:
- a) Grey rating is formed. Participants with positive balance of operations (that is their current balance is more than the initial deposit) are included there (EquityBeginingTour). Grey rating is formed in accordance with the indices priority (refer to clause 3.1.1). If two or more participants have the same value of Percentage of Profit index, their position in the Grey rating is specified with the help of Percentage of Maximum Relative Drawdown with priority 2. If two or more participants have the same value of Percentage of Profit and Percentage of Maximum Relative Drawdown, their position in the rating is specified in accordance with Minimum Margin Level (priority 3). If two or more participants have the same value of Percentage of Profit, Percentage of Maximum Relative Drawdown and Minimum Margin Level, their position in the rating is specified in accordance with Profit Factor (priority 4). If two or more participants have the same value of Percentage of Profit, Percentage of Maximum Relative Drawdown, Minimum Margin Level and Profit Factor, the participant with a smaller login number in MetaTrader 4 takes a higher place in the rating.
- b) The Final Rating is calculated for each participant from the first 25 leaders of the Grey rating, who get points on each index (see clause 3.1.1).
- c) The participant who takes the first place in the rating by Percentage of Profit (that is has the highest value of this index) gets 25 points, the second place — 24 points etc. At last, the participant who takes the twenty-fifth place gets 1 point. If Percentage of Profit of two or more participants coincides, the higher place is taken by the participant who takes a higher position in the Grey rating.
- d) The participant who takes the first place in the rating by Percentage of Maximum Relative Drawdown (that is has the highest value of this index) gets 25 points, the second place — 24 points etc. At last, the participant who takes the twenty-fifth place gets 1 point. If Percentage of Maximum Relative Drawdown of two or more participants coincides, the higher place is taken by the participant who takes a higher place in the Grey rating.
- e) The participant who takes the first place in the rating by Minimum Margin Level (that is has the highest value of this index) gets 25 points, the second place — 24 points etc. At last, the participant who takes the twenty-fifth place gets 1 point. If Minimum Margin Level of two or more participants coincides, the higher place is taken by the participant who takes a higher position in the Grey rating.
- f) The participant who takes the first place in the rating by Profit Factor (that is has the highest value of this index) gets 25 points, the second place — 24 points etc. At last, the participant who takes the twenty-fifth place gets 1 point. If Profit Factor of two or more participants coincides, the higher place is taken by the participant who takes a higher position in the Grey rating.
- g) The sum of the received points is the Final Rating (IR).
Note: The example of the Final Rating calculation is described in the Comments to the Contest Regulations (Comment 2).
3.1.3 If the Final Rating of two or more participants coincides a higher place is taken by the participant who has a higher value of the index with a higher priority (see clause 3.1.1). E. g. if the Final Rating of two or more participants coincides their position in the rating is specified by Percentage of Profit with priority 1. If Percentage of Profit coincides the position is specified by Percentage of Maximum Relative Drawdown (priority 2). Then, if the value of Percentage of Profit and Percentage of Maximum Relative Drawdown coincides the position is specified by Minimum Margin Level (priority 3). If the value of Percentage of Profit, Percentage of Maximum Relative Drawdown and Minimum Margin Level coincides the position is specified by Profit Factor (priority 4).
3.2 The winner of the Contest is specified in the following way.
3.2.1 The list of candidates is formed from those participants whose Final Rating in at least one round of the Contest is above zero.
3.2.2 For each participant of the list of candidates total rating (SR) is calculated. It is calculated as the sum of the Final Ratings in each round:
- SR=IR1+IR2+IR3+IR4,
- where
- SR — total rating;
- IR1 — final rating for the first round;
- IR2 — final rating for the second round;
- IR3 — final rating for the third round;
- IR4 — final rating for the fourth round.
3.2.3 If the total rating of two or more participants coincides a higher place is taken by the participant who has a higher value of the final sum of the index with a higher priority (refer to clause 3.1.1).
The final sum of Percentage of Profit index has priority 1:
- PPtotal=PP1+PP2+PP3+PP4,
- where
- PPtotal — the final Percentage of Profit for the four rounds;
- PP1 — Percentage of Profit for the first round;
- PP2 — Percentage of Profit for the second round;
- PP3 — Percentage of Profit for the third round;
- PP4 — Percentage of Profit for the fourth round.
The final sum of Percentage of Maximum Relative Drawdown has priority 2:
- PMRDtotal=PMRD1+PMRD2+PMRD3+PMRD4,
- where
- PMRDtotal — the final maximum relative drawdown for the four rounds;
- PMRD1 — Percentage of Maximum Relative Drawdown for the first round;
- PMRD2 — Percentage of Maximum Relative Drawdown for the second round;
- PMRD3 — Percentage of Maximum Relative Drawdown for the third round;
- PMRD4 — Percentage of Maximum Relative Drawdown for the fourth round.
The final sum of Minimum Margin Level index has priority 3:
- MMLtotal=MML1+MML2+MML3+MML4,
- where
- MMLtotal — the final minimum margin level for the four rounds;
- MML1 — Minimum Margin Level for the first round;
- MML2 — Minimum Margin Level for the second round;
- MML3 — Minimum Margin Level for the third round;
- MML4 — Minimum Margin Level for the fourth round.
The final sum of Profit Factor has priority 4:
- PFtotal=PF1+PF2+PF3+PF4,
- where
- PFtotal — the final Profit Factor for the four rounds;
- PF1 — Profit Factor for the first round;
- PF2 — Profit Factor for the second round;
- PF3 — Profit Factor for the third round;
- PF4 — Profit Factor for the fourth round.
If the final sum of Percentage of Profit, Percentage of Maximum Relative Drawdown, Minimum Margin Level and Profit Factor coincides, the first place in the total rating is determined by lot. The lot method is chosen by the Administration of the Contest when such a situation develops.
3.3 The absolute winner of the Contest will be the participant who takes the highest place in the total rating in accordance with clause 3.2.
3.4 Once a regular Contest round has been finished Alpari displays preliminary results on its website within 96 hours (the list of transactions is not displayed).
3.5 Preliminary results are subject to appeal during 144 hours from the moment a round is finished, and after that they become final and not subject to any appeal.
4. List of Prizes and Winners Awarding.
4.1 Following the results of the regular Contest round the following participants are awarded.
4.1.1 Participants who rank one of the first five places according to clause 3.1 get prizes in terms of money. Depending on the place Alpari credits participant’s live account (account that participated in the Contest) with the following sum of money:
| Place |
Prize sum of money |
| 1 |
3000 USD |
| 2 |
2000 USD |
| 3 |
1500 USD |
| 4 |
1000 USD |
| 5 |
500 USD |
If two or more participants claim for one and the same prize place, the prize fund of these places is divided into equal shares between these participants.
Note: There is an example of the prize fund distribution in such a situation given in comments to the Contest Regulations (Comment 3).
4.2 Following the results of the whole Contest the participants who rank one of the first three places in cumulative rating in accordance with clause 3.2 are awarded. They get prizes in terms of money. Depending on the place Alpari credits the participant’s live account (account that participated in the Contest) with the following sum of money:
| Place |
Prize sum of money |
| 1 |
7000 USD |
| 2 |
5000 USD |
| 3 |
3000 USD |
If two or more participants claim for one and the same prize place, the prize fund of these places is divided into equal shares between these participants.
Note: There is an example of the prize fund distribution in such a situation given in comments to the Contest Regulations (Comment 3).
4.3 A participant awarded with this particular prize is not allowed to demand crediting another live account, in particular, which is opened not in the name of the Contest awardee, with a prize sum of money. Only the live account, managing which a participant became a winner of a regular Contest round, is credited with a prize sum of money.
4.4 Prize sums are deposited to the client’s live account at Alpari inner exchange rate, published daily in the Personal Area in section Exchange rates, commissions .
4.5 The participant can withdraw the prize sum of money at any moment once it is deposited to his live account in accordance with clauses 4.1, 4.2 by any of the specified ways.
4.6 The Contest winners and awardees agree to take part in Alpari promo actions, including interviews, photo-reports and announcing the public through mass media. Alpari is obliged not to mention real winners’data (including their full names) without agreement.
5. Complaints and Disputes.
5.1 All the complaints that may appear along the Contest and in relation to the trading on the live account are considered in accordance with the «Terms of Business».
5.2 All the complaints connected with the regular Contest round or the whole Contest arrangements will be sent by e-mail at contest@alpari.ru with the subject «Real Micro Contest». All the complaints sent in other ways will not be considered (including complaints expressed in the forum).
5.3 If the participant has a complaint connected with incorrect calculation of the Contest account in any rating, besides all the requirements described in clause 5.2 he has to suggest also his own way of rating calculation.
5.4 The Contest Administration has a right to reject the claim in case the terms of clauses 5.2, 5.3 are not abided.
5.5 In any conflict situation The Contest Administration will be the sole authority and discretion to make final decisions based on common market practice.
5.6 If facts of intentional usage of possible mistakes or inaccuracy in the formula of the participants rating calculation as well as in the Contest Regulations by the Contest participants are revealed administration of the Contest has the right to give such participants a notice of their possible disqualification and in some cases disqualify such participants at once.
6. Force Majeure.
6.1 The Contest administration has the right to suspend or terminate the Contest if there are conditions which are unfair for the most participants.
6.2 The Contest administration has the right to suspend or terminate the Contest if it is impossible to continue the Contest due to the extreme circumstances, appeared after its beginning, which could not be foreseen or prevented by the Contest administration (distresses, wars, political conflicts).
6.3 In case of suspension or termination of the Contest its administration has the right to restart the Contest with the same participants (with either saved or restored data), or repeat the registration and start the Contest from the very beginning. In any case the final decision is made by the contest administration and all the details will be displayed beforehand at the website.
6.4 If the Contest has not been restarted due to some reasons and therefore has not been finished, the results of the participant will not be the evidence of his/her win and will not be considered as an argument for awarding.
7. Amendments.
7.1 If there is any obvious error in the method of selecting a winner Alpari will make the necessary amendments concerning the rating formulas.
7.2 Alpari may add any explaining articles to the present Regulations.
7.3 Final results of each finished round are not subject for revision.
Comments to the Regulations for the «Real Micro» Contest 2008 Alpari.
1. Gauges calculation formulas.
Percentage of Profit (%).
- Percent Profit = (EquityDaily - EquityBeginingTour - (Deposit - Withdrawal)) / (EquityBeginingTour + Deposit) * 100 (%),
- where
- EquityBeginingTour - the initial deposit (Equity at the moment of Confirmation forming at night from Sunday to Monday (the regular round beginning));
- EquityDaily - Equity at the moment of Confirmation forming;
- Deposit - a sum of money deposited to the account during the regular round holding;
- Withdrawal - a sum of money withdrawn from the account during the round holding (at absolute value);
- Equity - the current account state;
- Equity= Balance + Floating Profit - Floating Loss,
- Floating Profit/Loss - unfixed Profit/Loss of opened positions with the current rates.
Percentage of Maximum Relative Drawdown (%).
