Dear participating accounts:
In order to reduce the phenomenon that the net profit score in the micro account group can be increased easier through large deposits. The fairness of the competition was affected.
We have made some adjustments to the competition rules 7.3.4.
Rules before adjustment:
7.3.4. Calculation Formula of Accumulated Net Profit Score
Accumulated net profit score =（Account net profit/Maximum net profit of the group）*100 *30% +（（n-Rank+1）/n ）*100*70%；
Note: “n” is the total number of participating accounts in the group and “Rank” is the ranking of the group's account profit amount from high to low.
Account Net Profit Amount: The amount of profit and loss of all orders that are closed during the competition and still held at the end of it.
If there is a position order at the beginning of the competition (or at the time of registration, and choose the latest time), the floating profit and loss of the position at that moment will be deducted from the final profit amount. If all participating accounts in the group are losing money, the accounts maximum net profit will be calculated based on the absolute value of the maximum loss.
*If there is a deposit behaviour in the account of the micro account group, and the principal exceeds 10,000 USD after deducting the profit during the contest.
The net profit = (The net profit before the player's deposit exceeds 10,000 USD + 10,000 USD) * The adjusted return after the account deposit exceeds 10,000 USD
Adjusted rules:
7.3.4. Calculation Formula of Accumulated Net Profit Score
Accumulated net profit score =（Account net profit/Maximum net profit of the group）*100 *30% +（（n-Rank+1）/n ）*100*70%；
Note: “n” is the total number of participating accounts in the group and “Rank” is the ranking of the group's account profit amount from high to low.
Account Net Profit Amount: The amount of profit and loss of all orders that are closed during the competition and still held at the end of it.
If there is a position order at the beginning of the competition, the floating profit and loss of the position at that moment will be deducted from the final profit amount. If all participating accounts in the group are losing money, the accounts maximum net profit will be calculated based on the absolute value of the maximum loss.
If there is a deposit behaviour in the account of the micro account group. The partial calculation will be valid only when its conditions satisfied both:
a, The equity when grouping-Loss amount+Accumulated deposit>10,000 USD;
b, The account equity when parted>10,000 USD.
Partial calculation: The account net profit=The closing profit before parted+(10,000 USD*The adjusted return after parted)
*Note: Definition of loss amount:
a, If Closing profit and loss+Holding profit and loss> 0, it’s 0;
b, If Closing profit and loss+Holding profit and loss> 0, it’s the number’s absolute value.
It is welcome for you to give us feedback and advice, we’ ll confront the problem and correct them. Customers first, we highly value your experience and hope to make a better product. Thank you very much.
Committee of imTrader Trading Contest
October 28, 2021
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