I came across this post of mine, which was posted on Dukascopy Community Forum in February 2012 regarding rewarding a trader for consistent performance. Back then there was only monthly trader contest and no 6 months or 12 months contest prize. Eventually my wish came true and Dukascopy introduced 2 new contests viz. 6 months & 12 months consistent performer from April 2013.

Here is a link and couple of posts from the forum blog.

http://www.dukascopy.com/swiss/english/forex/jforex/forum/viewtopic.php?f=48&t=45939

Suggestion for Dukascopy Trader Contest Support:

I think Dukascopy Trader Contest should have a Grand Prize for Anuual (Yearly) Winner. It could be based on highest points gained in 12 months (viz. from January to December) or highest accumulated equity for 12 months.

The reason behind above suggestion is that I have observed that if a trader (including myself) who is not within reach of top ten spot for a particular month, will risk all his/her equity in the last few days of the month cause it doesn't matter if he/she lose it all.

Would appreciate, suggestions of fellow participants on this subject.

alifari


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Thanks for your input on this subject. However, my idea for having an Anuual Winner is to reward a trader who is consistent over a period of 12 months. He/She doesn't necessarily have to claim # 1 to 10th spot in monthly competition, but how much accumulated profit was made during 12 months.

Here is an example:

Trader 1 - 1st Position Winner in January with 300,000 Total Equity (including initial capital of 100,000) so actual profit made is 200,000. In February the same trader position was 150th and ending equity was 50,000 (because that trader lost 50,000 from initial capital) so his/her accumulated profit would be 150,000 (200,000 January Profit less 50,000 February loss) and so on.

Trader 2: 15th Position in January with 175,000 total Equity (including initial capital of 100,000) so actual profit made is 75,000. In February the same trader position was 12th and ending equity was 200,000 (including initial capital of 100,000) so his/her accumulated profit would be 175,000 (75,000 January profit plus 100,000 February profit) and so on.

Although Trader 1 got 1st position in January, he/she lost half of equity in February and have accumulated profit of $150,000.

On the other hand Trader 2 never came in Top 10 but his/her accumulated profit was $175,000. (25,000 more than Trader 1) plus this trader kept his/her equity intact.

So, who is more consistent trader ?

The reason I am insisting on this subject is unless there is a reward for consistent trader over 12 months period, most of us will blow our equity in last few days of the month, when we think we have no chance of getting in top 10.

Would appreciate, other contestants input on this.
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