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Season 12 FOLLOWEME Contest Rules

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Season 12 FOLLOWEME Contest Rules
FOLLOWME Contest (the "Contest") is a trading event for global trading users. FOLLOWME adheres to the concept of “discovering outstanding traders and disseminating high-quality trading strategies”, sticking to the principles of openness, fairness, and impartiality and aiming to hold a stage for participants to display their trading capacity and find outstanding traders. It is held two seasons a year and supports more than 4,000 brokers of MT4 real accounts around the world. Investors can participate as long as they have an MT4 account.

Over the past 11 seasons, we have a total of 47,327 accounts that have joined the Contest with total account equity over $300,000,000. We have awarded $263,245 to 188 winners.

PART 01
Contest Period

1.1 Registration Period (UTC+2) 

 March 20, 2023 00:00:00 - June 3, 2023 00:00:00

*Participants who create a new sponsoring account from June 3 to 25 will automatically be registered for the contest.

 

1.2 Contest Period (UTC+2)

April 3, 2023, 00:00:00 - July 3, 2023, 00:00:00

1.2.1 Monthly Ranking Calculation Period (UTC+2)

Month 1: April 3, 2023, 00:00:00 - April 30, 2023, 23:59:59
Month 2: May 1, 2023, 00:00:00 - May 31, 2023, 23:59:59
Month 3: June 1, 2023, 00:00:00 - July 2, 2023, 23:59:59

1.3 The Contest base time is UTC+2.

PART 02
Participant

FOLLOWME supports more than 4,000 brokers' MT4 real accounts to register for the Contest.

 

PART 03
Contest Website

Open from March 20, coming soon ...

https://www.followme.com/conte...

 

PART 04
Contest Partition and Grouping Rules

 

4.1 Partition Rules

Indonesia Division: Participants with phone code +62 or service area in Indonesia;

Global Division: All participants who are not in the Indonesia Division are assigned to the Global Division.

 

4.2 Grouping Rules

4.2.1 Grouping Conditions

Micro Account Group: $100≤Equity<$10,000
Large Account Group: Equity≥$10,000
Random Group: During the competition period, if there is an account in the micro/large account group that subscribes to the signal and has copying orders, it will be moved into the random group. (This rule only applies to subscription accounts.)
Broker Group: All participating accounts whose equity is greater than or equal to $100 will be grouped according to their respective brokers.

* Only the real trading accounts under the brokers on Signal List for Licensed Brokers can be grouped and participate in the Contest.

>>Click to know Signal List for Licensed Brokers 

 

4.2.2 Grouping Time

>a, Participants who sign up before the start of the contest will be grouped according to their account equity at the start of the contest.

>b, For the accounts that have not been grouped or registered after the Contest starts, their equity will be synchronized at 00:10 (UTC+2) every day from the next day to the end of the Contest registration. And these accounts will be grouped when their equity is greater than or equal to $100.

 

PART 05
Ranking Rules

 

5.1 Ranking Update Time

The score and ranking of participating accounts will be updated at 00:10:00 (UTC+2) every day except Sunday. The update may be delayed due to network delays, exceptions in reading contest account data, or other problems.

 

5.2 Comprehensive Score 

In each group, the participating accounts are ranked and displayed in descending order according to the comprehensive score of the group. The comprehensive score is calculated by the weighted summation of the four individual scores and multiplying the account leverage factor. These four are the score of ACCNAV, Profit Ratio, Maximum Drawdown (Max DD), and Final Net Profit. 

 

Here are the details of the formulas:

Micro Account Group & Broker Group & Random Group: 

The Comprehensive Score=(ACCNAV Score*35%+Final Net Profit Score*20%+Profit Ratio Score*35%+Maximum Drawdown Score*10%)*Account Leverage Factor
*ACCNAV= Accumulative Net Value

Large Account Group: 

The Comprehensive Score=(ACCNAV Score*10%+Final Net Profit Score*30%+Profit Ratio Score*30%+Maximum Drawdown Score*30%)*Account Leverage Factor

 

5.3 ACCNAV Score 

5.3.1 Calculation Formula of ACCNAV 

ACCNAV=P1*P2*P3.....*Pn
Note: "n" is the number of the Contest day, and "Pn" is the ACCNAV on current day for a participating account. 
According to the profit (Profit of closed position+floating profit) on current day, the calculation of Pn can be divided into the following 3 cases:
a, When the profit on current day is greater than 0, 
Pn=[Account equity on current day+Absolute value of withdrawals on current day]/[Account equity on previous day+Deposit on current day];
b, When the profit on current day is equal to 0, Pn=1;
c, When the profit on current day is less than 0, 
Pn=[Account equity on the current day-Deposit on current day+Absolute value of withdrawal on current day]/[Account Equity on previous day].

*The time range of the profit of closed position/floating profit,  deposit/withdrawal on current day is from 23:00 (UTC+2) on “n-1” (means "the day before Contest day") to 23:00 (UTC+2) on “n” (means "Contest day")
*The account equity on current day refers to the account equity at 23:00 (UTC+2) on “n” (means "Contest day")

 

5.3.2 Calculation Formula of ACCNAV Score

ACCNAV score=(Account's ACCNAV / Maximum ACCNAV in the group*100)*30%+[(n+1-Rank)/n]*100*70%
Note: "n" is the total number of participating accounts in the group, and "Rank" is the ranking of the group's accounts in ascending order according to ACCNAV on the calculation day.

 

5.4 Final Net Profit Score 

5.4.1 Calculation Formula of Final Net Profit 

a, The final net profit of the account is the profit and loss amount of all orders that are closed during the Contest Period and still held at the competition ends.
b, If there is a position order when the account is grouped successfully, the floating profit and loss of the position at that moment will not be calculated in the final net profit of the account.
c, If all participating accounts in this group are in loss, the maximum final net profit of all accounts in this group shall be calculated by taking the absolute value of the maximum loss.

 

5.4.2 Calculation Formula of Final Net Profit Score

Final net profit score=(Account's final net profit/ Maximum final net profit in the group*100)*30%+[(n+1-Rank)/n]*100*70%
Note: "n" is the total number of participating accounts in the group, and "Rank" is the ranking of the group's accounts in ascending order according to the final net profit on the calculation day.

 

5.5 Profit Ratio Score 

5.5.1 Calculation Formula of Profit Ratio

Profit Ratio=Final Net Profit/MAX1

*MAX1 is the peak of the summation for balance when the participating account is grouped and the amount of deposit and withdrawal during the contest.

 

5.5.2 Calculation Formula of Profit Ratio Score

Profit ratio score=(n+1-Rank)/n*100
Note: "n" is the total number of participating accounts in the group, and "Rank" is the ranking of the group's accounts in ascending order according to the profit ratio on the calculation day.

 

5.6 Maximum Drawdown Score 

5.6.1 Calculation Formula of Maximum Drawdown

Maximum Drawdown=MAX2

*[(Maximum of ACCNAV-ACCNAV)/Maximum of ACCNAV]

MAX2: The maximum value recorded in the daily max dd of the participating account

 

5.6.2 Calculation Formula of Maximum Drawdown Score

Maximum drawdown score=(n+1-Rank)/n*100

Note: "n" is the total number of participating accounts in the group, and "Rank" is the ranking of the group's accounts in ascending order according to the maximum drawdown on the calculation day.

 

5.7 Account Leverage Factor

The Contest does not encourage participants to use high-leverage accounts for trading as it may bring huge risks and reduce the fairness of the competition. Therefore, the Contest sets the account leverage factor to restrict the scores of high-leverage accounts.
a, For Contest accounts with leverage less than or equal to 500 times, the account leverage factor is 1;
b, For Contest accounts with leverage greater than 500 times, the account leverage factor decreases with the higher the leverage factor of the account;
c, For Contest accounts with leverage greater than or equal to 2,000 times, the account leverage factor is 0.7.

 

PART 06
Rules for No Score Account

6.1 If the participating account has the following circumstances, the account score will no longer be calculated, and the ranking and award qualification will be canceled :>?

>6.1 The participant modifies the account connection password, and does not restore the connection before 23:45 (UTC+2);
>6.2 The equity of the participating account at 00:10:00 (UTC+2) on the day is less than $100;
>6.3 Current ACCNAV<0;
>6.4 The participating account triggers margin closeout;
>6.5 
a, The account type of the participating account is inspected as MAM, PAMM, and other asset manager accounts; 
b, The participating account is marked as Credit, and the total amount of deposits within the validity period is greater than the sum of the initial balance at the time of the grouping and the deposits during the competition; 
c, The information of participating account or order contains words such as demo and test; 
d, There is a large deposit in the participating account that cannot provide proof of bank transfer;
>6.6 The participating account has been muted at least 2 times for violating community rules in the past year;
>6.7 The signal provider modifies the password of the signal account, resulting in losses for subscribers, which is marked as malicious disconnection by the community;
>6.8 The participating account violates other contest rules.

*Participants can re-participate in the Contest by connecting to other accounts during the registration period.

 

PART 07
Award Publicity and Verification

7.1 The net profit should be greater than 0. If there is an account's net profit less than or equal to 0 on the Top 10 of the micro/large account group, or the Top 3 of the random group/monthly ranking list, the prize will be distributed to the next participating account whose net profit is greater than 0.

 

7.2 The Contest winner needs to cooperate with the Contes staff to complete verification of account information within 10 natural days after confirming the award. Verification must provide proof of video recording, which should be clearly displayed including 
a, The account information of MT4 desktop or mobile;
b, The account information of the broker's website and the records of deposit or withdrawal;
c, The bank records of deposit or withdrawal;
d, Other supplementary information. 
All the above information must display the account number and information of the account owner. If the verification information is not provided within the specified time, or cannot be provided, it will be deemed to give up receiving the bonus voluntarily.

7.3 If a winner wins multiple awards in the micro/large account group or random group, only the award with the highest prize money will be reserved, and the rest will be postponed to the next winner;

7.4 Rewards for the ranking of micro/large account group or random group will be distributed after all the eligibility for winning is confirmed. The reward amount is subject to the Contest Award page, and the specific distribution time will be notified separately.

7.5 The distribution of the monthly ranking rewards of the broker group will be completed within 14 working days after the eligibility for winning is confirmed. The reward amount is subject to the Contest Award page.

7.6 There are two ways for contestants to receive the Contest prize which are the winner’s Paypal account and FOLLOWME wallet. The fees involved in the transfer and withdrawal will be borne by the winner.

PART 08
Contest Terms

8.1 Each participant agrees that their account data will be displayed and used in the Contest.

8.2 Each participant agrees to the Account Connection Agreement of FOLLOWME Trading Community and accepts all terms.

8.3 It is not allowed to retire from the Contest.

8.4 If a broker is removed from the signal list for licensed brokers during the Contest period, all participating accounts of the broker will be removed from the micro account group, large account group, random group and will only be displayed in the broker group.
Understand the Standard of the Signal List for Licensed Brokers.

>>Click to know Signal List for Licensed Brokers 

8.5 FOLLOWME reserves the right to cancel, suspend or terminate the Contest by requirements of relevant laws and regulations, judicial or administrative orders and actual conditions.

8.6 The Contest reserves the right to final interpretation of these Regulations.

 

PART 09
Disclaimer 

9.1 FOLLOWME Contest does not assume any responsibility for any partial or total losses incurred by participants due to any trading involving CFDs, as well as all consequences arising from participating in the competition.

9.2 The Contest does not guarantee that the network service will at all times meet the requirements of the participants, nor does the network service will not be interrupted. The timeliness, security, and accuracy of network services are not guaranteed, either. For network service interruptions or other defects caused by force majeure or uncontrollable reasons, FOLLOWEME Contest shall not assume any responsibility.

 

FAQ


Q: Can I trade if I have successfully registered before the Contest starts?

Yes, you can. But the trading orders before the Contest starts will not count towards the Contest score.

Q: Will it affect my score if I hold positions when I register for the Contest?

No, the Contest score will be calculated after the account is grouped.

 

Q: Why can't I see my account score?

There are many situations that will cause the participating account to no longer calculate/display the score. For details, please refer to Chapter 6 of the Contest Rules.

 

Q: Can I subscribe to Signal and COPYTRADE during the Contest period?

Yes, you can subscribe to Signals. But when or after grouping, if the account has COPYTRADE orders, it will be moved to the random group.

 

Q: After the trading account is connected, why is it not displayed on the ranking of accounts that can be selected for the Contest?

After the trading account is connected successfully, the system may take 1 to 10 minutes to synchronize data. Please be patient.

 

Q: Why is my account not grouped?

a, Because the equity of your account is no greater than $100 during the registration period.
b, Because you changed the password of your account, and the password was not updated on FOLLOWME before the Contest period.

 

Q: Can I use multiple accounts to participate in the Contest?

Yes, you can use multiple accounts to participate. But in the same group, only the account with the highest score will be displayed. If there is no account displayed on the ranking, you can check in My Contest.

 

Q: Will deposits and withdrawals during the Contest affect the score?

>Deposits during the Contest, which lead to an increase in the maximum investment in the account, will reduce the account's profit ratio score. For details, please refer to Section 5.5 in Chapter 5 of the Competition Rules.
>Withdrawal during the Contest will not reduce the account score, but if all withdrawals or equity after withdrawal is less than $100, the account score will no longer be calculated, and all group rankings and award qualifications will be canceled.

 

Q: Can the account leverage multiples be modified during the competition?

The account leverage can be modified, and the Contest will use the recorded maximum leverage multiples of the Contest account as the basis for calculating the account leverage factor.

Proofreading: Jelly

 

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

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