Need Info: Championship 2010 new rules

[sgrfx]

Hi,

Can anybody describe the new rule IV.6 (Trading Terms):

The maximum combined amount of positions and pending orders' lots, regardless of the direction on one symbol, is 15. Stop-losses and take-profits are not taken into account.

Does it mean total amount of positions and pending orders is 15 lots in one symbol?

Thanks.

[Alexey Petrov]

Yes, you are right.

[sgrfx]

OK. Thanks.

[Old Forex -Trader]

Hi,

 

 Please confirm my considerations:

Accordingly to  ACT2010 rules :

 ..............................

1.   The maximum amount of pending orders for all symbols at any point in time is 12.

2.   The maximum combined amount of positions and pending orders' lots, regardless of the direction on one symbol, is 15. Stop-losses and take-profits are not taken into account.

 ...............................

This means that in the same time max amount of orders/positions and lots for each currency pair (symbol) e.g. EURUSD,USDCHF ...ect , which Expert Adviser  can open/ pending are mentioned in examples below (probably it will never occur during ACT2010):

 

Variant A. Max  12 pending orders for all symbols with max lots=15 for each symbol in the same time e.g:

 

(one pending order for each symbol):

            1.1 BuyStop EURUSD 15 lots 

            1.2  SellLimit GBPUSD 15 lots

             ...........

             1.12 BuyLimit GBPCHF 15 lots

                   so total (max) amount of  lots if all pending orders are existing , lots=15*12=180 (if margin during opening each position is enough off course) 

      

 or  (two  pending orders for each symbol)

            1.1 BuyStop EURUSD 10 lots 

            1.2 BuySel EURUSD 5 lots 

            1.3  SellLimit GBPUSD 2 lots

            1.4  BuylLimit GBPUSD 13 lots

             ...........

             1.11 BuyLimit GBPCHF 4lots

             1.12 BuyStop GBPCHF 11 lots

 

               so total (max) amount of  lots if all pending orders are existing , lots=(10+5)+(2+13)+....(4+11)=180 (if margin during opening each position is enough off course) 

 

Variant B. Max  12 opened position for all symbols (one opened position for each symbol - never more due to mql5  )  with max lots=15 for each symbol in the same time e.g:

            1.1 BUY EURUSD 15 lots

            1.2  SELL GBPUSD 15 lots

             ...........

             1.12 BUY GBPCHF 15 lots

               so total (max) amount of lots if all positions are opened, lots=15*12=180 (if margin is enough off course) in the same time.

 

Variant C For mixed variant, max amount of opened position and pending orders for each symbol in the same time e.g:

            1.1 BUY EURUSD 10 lots     -position

                  1.1.1 BuyStop EURUSD 5 lots  - pending order

            1.2  SELL GBPUSD 3lots  -position

                  1.2.1  SellLimit GBPUSD 12 lots  - pending order

             ...........

             1.12 BUY GBPCHF 8 lots

                   1.12.1  SellLimit GBPCHF 7 lots

               so total (max) amount of lots with existing  partly lots for all opened positions and  partly lots for all pending orders   , lots=(10+5)+(3+12)+ .......+(8+7)=180 (if margin is enough off course) in the same time. In mix variant can exist in the same time max 12 pending orders and 12 opened positions but total lots for each symbol should be not more than 15 lots.

  

Is it correct or not.

I know that these situations probably will never  take place, but participant who prepares multicurrency EA would like to set limits for his robot to avoid faults during contest. 

 

Toyota