Rules and Conditions for final round
There are 32 finalists and 4 contestants with wild cards. For the final round, we will be using the contestants NAV from the first round as HP which is the only thing to defined trader status (stand or left out of the league), HP will calculate daily from NAV at 1:00 pm Thai time and will be announced at 4:00 pm ,Trader who has the HP <= 0 will be eliminated.
Note: HP default is the NAV from the first round, so the HP of each trader is not equally. The HP default will be announced the start date. ..............
There are 3 missions for final round
1. EURUSD trading:
a. There are 3 bullets; 0.01 per lot, in total 0.03 lots. Traders can trade only 0.01 lot per order.
b. Traders could take up to 50% from cash flow to set the stop loss in the second mission (XAUUSD trading).
c. Traders could cut loss if have enough CF from trading EURUSD but couldn’t cut loss for more than 30% of cash flow which means the CF for stop loss XAUUSD will be deducted.
***If traders couldn’t generate cash flow from this mission, traders can’t go to the next mission. So the key is to continuously generate the most cash flow for get into the next level.
Email Pattern to inform an order to admin of the league.
Product – order- comment- pin
Ex. EU-112233-abcd1-ac123-5
Example
- In case of no cut loss: Traders have CF accumulated $100 means that the maximum $50 can be used to set Stop Loss XAUUSD
- In case of cut loss: Traders have CF accumulated $100 means that the $50 can be used to set Stop Loss XAUUSD and to cut loss 30% means that it can cut loss up to $30 and will have remaining cash flow for bringing to Stop Loss XAUUSD only $50 - $30 = $20.
2. XAUUSD trading:
a. There are 2 bullets; 0.01 per lot, in total 0.02 lots. Traders can trade only 0.01 lot per order.
b. Traders need to set a permanently Stop Loss (SL) for every orders and it can’t be changed once the traders notify an order via email to admin of the league. The email will be required within 3 hours after open a transaction.
Email Pattern to inform an order to admin of the league.
Product – order- comment- pin- Stop loss (price)- TP(price)
Ex. G-112233-abcd1-ac123-1200-N/A
c. In case of traders request to set a Target Price (TP). Once trader informs an order to admin of the league via an email, it can’t be changed by trader. However, TP can be changed later by admin of the league once the new TP be informed.
Email Pattern to inform an order to admin of the league.
Product – order- comment- pin- Stop loss (price)- TP(price)
Ex. G-112233-abcd1-ac123-1200-1300
d. The maximum STOP LOSS of all orders is not more than 50% of CF from EURUSD trading which will be announced every day at 4:00 pm Thai time. If the order that match SL is negative it will reduced the remaining CF that trader will be used for the next SL except traders can generate more CF from Trading EURUSD until mark to market time 1:00 pm on the next business day.
e. Once trader generated cash flow from trading XAUUSD ,40% of CF XAUUSD can be used to execute AUDJPY bullet(s) that were stuck from the first round to trade in the third mission. The AUDJPY bullets will be listing in an auction system*.
f. Another 40% of cash flow from trading XAUUSD will be added an HP from the 1st mission (EURUSD trading)
*Auction system:
AUDJPY Bidding
1) Trader’s cash flow will be announcing every day for an auction before 4:00 pm Thai time
2) Traders can send an email to us for a bidding price from 8:00 pm to 10:00 pm Thai time
Bidding form via email:
Product – Comment- Price
Ex. AUDJPY-abc1-5
3) Bidding result will be announced during 11:00 pm to 12:00 pm (Bullets can be used right away for AUDJPY trading)
3. AUDJPY trading:
a. Bullets in this mission are from mission2 auction, trader can only trade 0.01 lot per order.
b. Winners are the first sixteenth listing by the NAV of AUDJPY from highest to lowest on date…….and time……… It will be announced on …………………
How to comment:
Comment is required to be as the exact format, such as a display name of "abcd1", it will be sent as abcd1 not Abcd1.
Please be noted: Only open or close orders via PC or Notebook with comment. If traders use the Mobile Application, the comment will be lost and admin of the league will not take any complaints from the case.
Penalties
1. Traders will be immediately eliminated if trade more than 0.01 per order
2. Traders will be immediately eliminated if trade wrong product
3. Stop Loss setting (SL):
a. In case of forget to set STOP LOSS after notify admin via email, this bullet will be on hold till the Risk Dept. can close the order with profit which will be seized right away from trader. And then traders will get the bullet back.
If traders trade XAUUSD 2 bullets but forget to set the STOP LOSS for 1 bullet, traders can’t make new transaction until that bullet is closed by Risk Dept.
b. If traders change the STOP LOSS after sending a notification email to admin of the league, that order will be seized
c. In case of setting the wrong STOP LOSS
i. Traders find out before it matched SL, admin of the league will compromise for traders to set a new STOP LOSS by notify to Admin of the league.
ii. If the SL was set higher than the actual SL, order will be seized.
iii. If the SL was set lower than the actual SL, trader’s cash flow will be deducted.
Ex.
1250SL-1 wrong ----- seized order
--------------------1245SL actual
1230SL-2 wrong -----deducted cash flow
2. Comment
a. If the comment is not the form that order will be seized and will returned to traders once the order is closed by Risk Dept.
b. If Mobile Application is causing a lost comment, Admin of the league will seized the profit of that order.
In case of any stop loss dispute
- The whole group will be banned from both trading and bidding for 48 hours (If there is no one to take responsible).
- Banned traders can’t take any action in orders (open order, close order, change TP or stop loss).
- The order will be roll over in case of no one to take responsibility for a complaint’s order.
- If the order is profiting, it will be seized.
- If the order is losing, all contestants in that group will have to weight HP by % (shared responsibility).
- If stop loss has mistakenly changed and it still not hit the price, the contestant can set stop loss back to same price.
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