Registration for the MetaQuotes-Demo Championships in May - page 18

[Vladimir Karputov]

No one has access to the contest accounts (I mean no ONE organiser with admin access). How are you going to limit the drawdown? Just with words?

Better: no admin, then no need to write all sorts of ephemeral rules, such as "drawdown not more than nn%" - because it is impossible.

[Andrey Dik]

Vladimir Karputov:

No one has access to the contest accounts (in the sense that there is no SINGLE organiser with admin access). How are you going to limit the drawdown? Just with words?

Better: no admin, then no need to write all sorts of ephemeral rules, such as "drawdown not more than nn%" - because it is impossible.

In the sense of control by judges? Is it impossible to check all trades after the competition is over?

[Vitaly Muzichenko]

Andrey Dik:

Not feasible in the sense of control by the judges? Is it impossible to check all transactions after the competition is over?

It is possible, of course, but how much time it would take to check manually)

[Andrey Dik]

Vitaly Muzichenko:

You could, of course, but how long it would take to check manually)

Manually? On a programmers' forum, check manually?))

[Andrey Dik]

The pro and con of a 20% drawdown limit (a compromise option) is checked at the end of the competition and whoever has more than 20% drawdown in a position is excluded from the ranking.

Either that or a vote is needed.

[[Deleted]]

Andrey Dik:

Let's collect votes then. for and against the 20% drawdown limit (a compromise option), checked at the end of the competition and who has there have been drawdowns in the position over 20% is excluded from the ranking.

Either that or a vote is needed.

Is it necessary to count each position separately? Or a drawdown on total equity ?

[Vladimir Karputov]

Andrey Dik:

Not feasible in the sense of control by the judges? Is it impossible to check all trades after the end of the competition?

I mean, quickly, in the middle of the competition, to stop the offender's trade.

[Igor Volodin]

Wouldn't the drawdown that is fixed by the signals service work? A series of losing trades is also an equity drawdown.

[Andrey Dik]

Vladimir Zubov:

Should each position be counted separately? Or is the drawdown by total equity ?

One-step equity to balance ratio. It does not matter how many positions are open.

[Andrey Dik]

Igor Volodin:
Wouldn't the drawdown that is fixed by the signals service work? A series of losing trades is also an equity drawdown.

A losing trade can be closed only if the position has already been closed. Thus, there can be no drawdown of equity following unprofitable trades. It is not the equity drawdown but the series of losing trades.