DEMO TRADE - REAL WIN AND PRACTICE RISK MANAGEMENT SKILL
FOLLOW - LEARN FROM FOREX EXPERTS
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1. Every trader who joins the contest will only trade on one account (provided by Tiktik). We will not accept any fraudulent activity such as create different accounts to join the contest, in these cases the trading result will be canceled.
2. Hedging trades on a currency pair or currency cross pairs will be monitored and detected automatically by Tiktik system. We forbid every hedging trades. Tiktik will monitor to show the evidences for such an fraudulent activity if occurs.
3. Traders will start from 2PM, 22 - 02 - 2021. Every trade which occurs before the time the contest round begins will be not accepted.
4. Traders must follow TikTik Standard, details bellow:
- All trades must be valid trades (*).
- In the 5 latest trading days: at least 10 trades.
- Floating Drawdown (*) must meet all bellow conditions:
+ Floating Drawdown ≤ 2%/day
+ Floating Drawdown ≤ 3.5%/week
+ Floating Drawdown ≤ 8%/during contest tenor
- Profit > 5% or Profit > Maximum Floating Drawdown (during contest tenor).
- Trade on 28 major currency pairs.
(*) Valid trade is a trade which:
- Always has Stoploss ≥ 30 pips.
- 0.5% ≤ Risk ≤ 2%/trade (based on Equity).
- Trade length: minimum 15 minutes/trade. Trader’s performance would be decreased 0.5% on every violation at the end of the contest.
(*) Floating Drawdown: Floating Drawdown is an aggregate loss of all open positions. TikTik will calculate Floating Drawdown at 22:00 UTC everyday (forex trading time).
Warning:
- If any trade is invalid or you violate one of the above conditions then we will close that trade and label it as an invalid trade. The invalid trades will not be shown on TikTik and do not trigger other accounts copy (if any).
- If traders violate the Floating Drawdown (daily/weekly/during contest tenor), all trades will be forcibly closed and traders are not able to join the contest anymore. In the first week of the contest, we allow traders to rejoin the contest if traders violate the above fault.
Every trader who receives a trading account registered in Tiktik Contest.
Please contact Tiktik at tiktiktrading.com or Tiktik Fanpage then provide your email. You will receive an activation email which includes ID and password to log in. This is also your contest account.
Valid trade is a trade which:
- Always has Stoploss ≥ 30 pips.
- 0.5% ≤ Risk ≤ 2%/trade (based on Equity).
- Trade length: minimum 15 minutes/trade. Trader’s performance would be decreased 0.5% on every violation at the end of the contest.
The "Floating Drawdown" ratio must satisfy 3 conditions:
- Floating Drawdown ≤ 2%/day
- Floating Drawdown ≤ 3.5%/week
- Floating Drawdown ≤ 8%/during contest tenor
The final decision about the contest result is from Tiktik. In case the contestants want to complain, we require the contestants to submit necessary information as well as the result in detail within 6 hours after the contest round ends.
Prize money will be transfered online to the winner's account. If the winner is a foreigner (other than Vietnamese), money will be transfered via Paypal.
Profit > 5% or Profit > Maximum Floating Drawdown (during contest tenor).