Prizes are:
In this Trading Contest, Gain points are calculated according to the formula:
Gain points = (Profit - Withdrawals) / (Start Equity - Start Credit + Deposits) * 100 * Profitable days
Profit - the amount of profit on the account registered in the Contest since the start of the Contest;
Withdrawals - all withdrawals and outcoming internal transfers since the start of the Contest;
Start Equity - the amount of funds in the Client's account at the start of participation in the Contest;
Start Credit - the amount of bonus funds in the Client's account at the start of participation in the Contest.
Profitable days are calculated as the number of days from the start of the Contest to the current day when the Client managed to earn at least 0,01 USD (by open and closed deals). We use both open and closed orders to determine whether or not the day is "profitable." If the Client has open orders at the end of the day, their performance may affect these calculations. The start of the day is 00:00:00 GMT+3, and the end of the day is 23:59:59 GMT+3 (server time).
Calculation example
The Client trades in the Contest for five days and every day receives the results:
At the start of the Contest the Client has on the account 100 USD (Equity = 100 USD)
Day 1: The Client earned a profit of 50 USD and Profitable days = 1.
Gain points = (Profit - Withdrawals) / (Start Equity - Start Credit + Deposits) * 100 * Profitable days = (50 - 0) / (100 - 0 + 0) * 100 * 1 = 50 gain points
Day 2: The Client makes an additional deposit of 100 USD and receives a profit of 30 USD. Profitable days = 2.
Gain points = (80 - 0) / (100 - 0 + 100) * 100 * 2 = 80 gain points
Day 3: The Client makes a withdrawal of 50 USD and receives a profit of 20 USD. Profitable days = 3.
Gain points = (100 - 50) / (100 - 0 + 100) * 100 * 3 = 75 gain points (as you can see, despite the profit received, the gain points indicator fell due to the withdrawal made during the Contest)
Day 4: The Client lost 30 USD. The indicator of Profitable days remains the same: Profitable days = 3.)
Gain points = (70 - 50) / (100 - 0 + 100) * 100 * 3 = 30 gain points
Day 5: The Client receives a profit of 90 USD. The indicator of Profitable days increases by 1 again because the Client got a profit again: Profitable days = 4. Gain points = (Profit - Withdrawals) / (Start Equity - Start Credit + Deposits) * 100 * Profitable days = Gain points = (160 - 50) / (100 - 0 + 100) * 100 * 4 = 220 gain points (160 - 100) / (100 - 0 +200) * 100 = 20 * 4 = 80 gain points