Mastering Our Trading Contests: Understanding Excluded Trades and Boosting Your Performance
Participating in our trading contests is not just about showcasing your trading prowess—it's about engaging in a fair competition where every trader has an equal shot at success. Each contest comes with its own set of rules meticulously designed to ensure fairness and equal opportunity for all. A pivotal aspect of these rules is the calculation of the maximum number of trades that contribute to your performance and ranking.
This system is in place to guarantee a level playing field and to limit the use of automated trading systems, such as Expert Advisors (EAs), which could otherwise offer an unfair edge.
How to Check Your Excluded Trades
Staying informed about which of your trades have been excluded is crucial for refining your strategy:
1. Navigate to your account stats page.
2. Scroll down to the Trading Activity section.
3. Click on the Excluded Trades tab.
Here, you'll find a comprehensive list of trades that have been omitted from your performance metrics.
Types of Excluded Trades
Understanding the categories of excluded trades can help you adjust your trading approach effectively:
-
Short-Duration Winning Trades
- Winning trades opened and closed in less than two minutes are excluded from your performance and rankings.
- Note: Any losing trades within this time frame will still be included.
-
Trades on Unpermitted Symbols
- In contests labeled as "FOREX ONLY", trades on other instruments—such as XAU/USD (Gold), US30 (Dow Jones Industrial Average), or BTC/USD (Bitcoin)—won't count toward your performance.
-
Unfilled Pending Orders
- Pending orders that aren't filled and are subsequently canceled are excluded.
- This includes:
- BUY LIMIT
- SELL LIMIT
- BUY STOP
- SELL STOP
Example: If you set a Sell Limit order for EUR/USD or a Buy Stop order for GBP/USD and decide to cancel these orders after an hour without execution, these actions won't impact your account equity or trading history.
Why These Exclusions Matter
By implementing these exclusions, we aim to:
-
Promote Fair Play
- Ensuring all traders have equal opportunities based on skill and strategy.
-
Encourage Genuine Trading Practices
- Fostering thoughtful decision-making over exploiting system loopholes.
-
Maintain Contest Integrity
- Keeping the competition competitive and enjoyable for everyone involved.
Final Thoughts
Being aware of these rules can significantly influence your trading strategy and overall success in our contests. Focus on executing well-planned trades within the guidelines to enhance your performance and climb the rankings.
Understanding and adapting to the rules on excluded trades is essential for maximizing your performance. Trade wisely, stay informed, and seize the opportunity to shine in our trading contests!