Season 15 Competition Rules 【Must Read】
FOLLOWME Trading Competition is an event aimed at global traders. The competition adheres to the concept of "discovering excellent traders and spreading quality trading strategies," upholding the principles of openness, fairness, and justice, and aims to provide a platform for participants to showcase their trading abilities and discover more outstanding traders. The competition is held twice a year, supporting connections to real MT4 accounts from over 4,300 global brokers, allowing any investor with an MT4 account to participate.
Over fourteen seasons, the competition has seen a total of 78,768 participating accounts, with a cumulative account net value exceeding 529,955,628 USD, and has awarded a total of 410,400 USD in prizes.
30 September 2024 00:00:00 -01 December 2024 00:00:00
*Participants who create a new account with a sponsor between 01 December 2024 and 05 January 2025 will automatically be registered for the competition.
1.2 Competition Period（UTC+2）
14 October 2024 00:00:00 -12 January 2025 00:00:00
FOLLOWME supports more than 4,300 brokers' MT4 real accounts to register for the Competition.
No.
Although accounts from brokers not on licensed-broker list can register for the Competition, these accounts will not receive scores and not be included in the ranking. To be eligible for prize winnings, it is recommended to participate in the Competition using accounts from brokers on licensed-broker list.
① Micro Account Group：$10 ≤ Equity<$10,000; Global Users
② Large Account Group: Equity ≥ $10,000; Global Users
③ APAC & North America Group: Participants in the Micro/Large Account Group will be divided into groups by country and region
*The groups mentioned above are limited to users of the signal list licensed broker's real accounts. To view the Signal List of licensed Brokers, please click here:
#SignalListforLicensedBroker# >>
Participants can use multiple accounts to compete:
①Multiple accounts competing in the same group: Only the account with the highest score will be displayed on the ranking.
②Multiple accounts competing in different groups: Each account's ranking on the respective ranking will be displayed normally.
Grouping Time
a, For the accounts that have registered before 14 October 2024,
they will be grouped according to the net equity of their accounts at 14 October 2024 00:00:00 (UTC+2)
b, For the accounts that were not grouped or registered after 14 October 2024,
They will have their net equity updated daily at 00:10 (UTC+2) from 15 October until the end of the competition registration on [24/12/01]. Grouping will occur when the account net equity is ≥ 10 USD.
No.
Grouping will occur once daily at 00:00 (UTC+2) based on account equity. If a participating account does not meet the grouping criteria at the time of grouping, it will result in a failed grouping for that day. The account will need to wait for the next grouping trigger after meeting the grouping criteria.
No.
Once the grouping succeeds, subsequent changes in equity will not affect group change.
However, users will automatically be disqualified when their account equity falls below $10.
5.1 Ranking update time
Competition account scores and rankings will be updated daily at 00:10 (UTC+2), except on Sundays. Updates may be delayed due to network delays, abnormal data reading of competition accounts, and other situations.
5.2 Comprehensive Score for Micro/Large Groups/Broker Groups
In each group, participating accounts are ranked in descending order based on the comprehensive score of their group and displayed. The comprehensive score is obtained by weighted summation of four individual scores, which are the maximum invested principal return rate score, the maximum single-day net profit drawdown rate score, the stability score, and the activity score.
Micro & Large/Broker Group Comprehensive Score
= Maximum Investment Principal Return Rate Score * 35% + Maximum Single Day Net Profit Drawdown Rate Score * 30% + Stability Score * 25% + Activity Score * 10%
5.2.1 Maximum Investment Principal Return Rate Score
Maximum Investment Principal Return Rate: Cumulative Net Profit of the Competition Account / Maximum Investment Capital of the Competition Account
*Maximum Investment Capital of the Competition Account = MAX (Net Value at the time of grouping + Deposits and Withdrawals during the competition)
MAX: The maximum value recorded during the competition period for the Competition Account (Net Value at the time of grouping + Deposits and Withdrawals during the competition)
>Maximum investment principal return rate score
= (n+1-rank)/n*100;
where n=the total number of accounts in the group on the calculation date, rank=the ranking of the account's return rate in the group on the calculation date.
5.2.2 Maximum Singal-Day Net Profit Drawdown Rate Score
Single-Day Drawdown Rate = (Previous Day Net Value - Current Day Net Value + Net Deposit of the Day) / Previous Day Net Value * 100%
Current Day Net Value: The net value of the competition account at 23:00 (UTC+2) on the current day. Previous Day Net Value: The net value of the competition account at 23:00 (UTC+2) on the previous day.
MAX: The maximum value in the single-day drawdown rate of the Competition Account.
>Maximum single-day net profit drawdown rate score
Sorted by maximum single-day drawdown rate from smallest to largest.
=(n+1-rank)/n*100:
n=total account number of the group on the calculation day, rank=ranking of the maximum drawdown rate of this account in the group on the calculation day.
5.2.3 Stability Score
Average Profit and Loss: Calculate the average value of all closed order profits and losses of the participating accounts during the competition period
∑Pi is the total of all closed profits and losses of the participating accounts during the competition period
n is the number of closed orders.
Overall standard deviation for order profit and loss:
Xi is the profit and loss of the i-th closed order. The average profit and loss is the average value of all closed orders' profit and loss. n is the number of closed orders.
The calculated standard deviation reflects the volatility of the profit and loss of closed orders. A larger standard deviation indicates higher volatility of profit and loss and greater risk; a smaller standard deviation indicates lower volatility of profit and loss and less risk.
Stability score
= (n+1- rank)/n*100;
n= total account number of the group on the calculation date
rank= ranking of the standard deviation of the account's order profit and loss on the calculation date within the group
5.2.4 Acitvity Score
Divided into three stages, each stage calculates the activity value with different weights:
Stage 1: 24/10/14-24/11/06, weight 35%
Stage 2: 24/11/07-24/12/06, weight 25%
Stage 3: 24/12/07-25/1/12, weight 40%
Activity Value = (Number of days with open and close positions during Stage 1 / Number of days in Stage 1 * Stage 1 weight) + (Number of days with open and close positions during Stage 2 / Number of days in Stage 2 * Stage 2 weight) + (Number of days with open and close positions during Stage 3 / Number of days in Stage 3 * Stage 3 weight)
>Activity Score
Activity Score = (n+1-rank)/n*100;
n= total number of accounts in the group on the calculation date
rank = the ranking of the account's activity value in the group on the calculation date.
*Not calculated on weekends
Will deposits and withdrawals during the competition affect account scores?
> Depositing funds during the competition, resulting in a significant increase in account investment, will reduce the account's rate of return score.
> Withdrawing funds during the competition will not lower the account's score. However, a full withdrawal or a withdrawal that leaves the account's net value below the minimum required for the group will disqualify the account from further scoring, removing it from the rankings and forfeiting eligibility for awards.
If a competition account meets any of the following conditions, it will no longer be scored, and all rankings and eligibility for awards in all groups will be forfeited:
① The participant changes the account password used for the connection and fails to restore the connection by 23:45 (UTC+2);
② The account's net equity is less than 10 USD at 00:10:00 (UTC+2) on any given day;
③ The account is identified as a MAM, PAMM, or other fund manager type; the account is flagged as credit type, with its total valid deposit exceeding the sum of the initial balance at the time of grouping and deposits made during the competition; the account information or order contains the terms "demo" or "test"; large deposits are made without providing a bank transfer certificate; transaction data is abnormal, missing, or fraudulent; or the account is non-USD based;
④ The participant has been muted for violating community guidelines two or more times within the past year;
⑤ The signal provider changes the signal account password, causing subscriber losses, and the account is flagged by the community for malicious disconnection;
⑥ The account violates other competition rules.
*Participants may reconnect with a different account during the registration period to re-enter the competition.
Can users continue to register for the competition if account results are canceled?
Users whose account scores have been canceled due to violations of rules ①-③ may re-register for the competition with a different, unregistered account during the registration period.
Yes, but subscription accounts must participate in the rankings through independent trading.
If a subscription account has any open follow orders at the time of grouping or after grouping is successful, the results for the Micro/Large/Asia-Pacific&North America group will be automatically canceled.
7.1 The winning account of each group must have a net profit of >0. If there is a net profit of ≤0, the corresponding group ranking will be postponed to the account with a net profit of >0.
7.2 When the number of accounts ranked in each group of APAC&North America is ≥ 50, the top 3 awards of the list will be unlocked.
(1) There is no award for the Chinese mainland regional list
(2) Group awards increase with the number of people participating in the ranking of the list:
> group > 50 players, the top three will receive $500/300/100
> group > 100 players, the top three will receive $800/500/300
> group > 150 players, the top three will receive $1000/800/500
> group > 200 players, the top three will receive $1200/1000/700
(3) If the award has been unlocked during the competition, but at the end of the competition, the number of accounts that have been counted in the ranking due to withdrawal is less than 50, the maximum unlocked awards will still be retained.
7.3 Winning users are required to cooperate with the staff of the competition to complete the verification of their account information within 10 calendar days after the confirmation of the winner. Verification requires proof of video recording, which should clearly show the following:
(1) MT4 desktop or mobile account information,
(2) Account information and deposit or withdrawal records on the broker's website,
(3) bank deposit or withdrawal records,
(4) Other supplementary materials.
All of the above information must include the account number and the account owner. Those who fail to provide verification information within the specified time, or are unable to provide verification information, will be deemed to have voluntarily given up the award.
7.4 If a single participant or different participants with the same real name information wins multiple awards in the Micro/Large Account Group, only the award with the highest prize will be reserved, and the rest will be postponed to the next winner;
7.5 Rewards for the ranking of Micro/Large Account Group/APAC&North America Group will be distributed after all the eligibility for winning is confirmed. The award amount is subject to the Competition Award page, and the specific distribution time will be notified separately.
7.6 The prize will be distributed to the winner's FOLLOWME wallet, due to exchange rate changes, there may be a slight difference between the actual transfer amount and the winning amount, and the costs involved in the transfer and withdrawal shall be borne by the winner.
8.1 Each participant agrees that their account data will be displayed and used in the Competition.
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 Competition.
8.4 If a broker is removed from the licensed brokers list during the Competition period, all participating accounts of the broker will be removed from the Micro Account Group, Large Account Group, APAC&North America Group.
>>Click to know more about the standards and rules of the Signal List for Licensed Brokers
8.5 FOLLOWME reserves the right to cancel, suspend or terminate the Competition by requirements of relevant laws and regulations, judicial or administrative orders, and actual conditions.
8.6 The Competition reserves the right to final interpretation of these Regulations.
9.1 FOLLOWME Competition 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 Competition 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. No warranty is provided for the timeliness, security, or accuracy of the network service. For network service interruptions or other defects caused by force majeure or uncontrollable reasons, FOLLOWME Competition shall not assume any responsibility.
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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