Season 13 FOLLOWME Contest Rules
FOLLOWME Contest (the "Contest") is a trading event for global trading users. FOLLOWME adheres to the concept of “discovering outstanding traders and disseminating high-quality trading strategies”, sticking to the principles of openness, fairness and impartiality and aiming to hold a stage for participants to display their trading capacity and find outstanding traders. It is held two seasons a year and supports more than 4,000 brokers of MT4 real accounts around the world. Investors can participate as long as they have an MT4 account.
Over the past 12 seasons, we have a total of 59,011 accounts that have joined the Contest with total account equity over $390,000,000. We have awarded $306,242 prize.
16 October 2023 00:00:00 - 25 December 2023 00:00:00
*Participants who create a new sponsoring account between 25 December 2023 and 07 January 2024 will automatically be registered for the contest.
1.2 Contest Period (UTC+2)
20 October 2023 00:00:00 - 13 January 2024 00:00:00
1.3 Monthly Ranking Calculation Period (UTC+2)
Month 1: 20 October 2023 00:00:00 - 19 November 2023 23:59:59
Month 2: 20 November 2023 00:00:00 - 17 December 2023 23:59:59
Month 3: 18 December 2023 00:00:00 - 12 January 2024 23:59:59
FOLLOWME support more than 4,000 brokers' MT4 real accounts to register for the Contest.
4.1 Grouping Conditions
Micro Account Group: $100≤Equity<$10,000
Large Account Group: Equity≥$10,000
Random Group: During the Contest period, if there is an account in the micro/large account group that subscribes to the signal and has copying orders, it will be moved into the random group. (This rule only applies to subscription accounts.)
Broker Group: All participating accounts whose equity is greater than or equal to $100 will be grouped according to their respective brokers.
Newbie Group of Sponsor Broker: Only sponsor accounts that are newly created through the Contest page or entrance of the articles during the Contest period and have an equity of greater than or equal to $100 will automatically enter this group.
* Only the real trading accounts under the brokers on Signal List for Licensed Brokers can enter the ranking of micro account/large account/random group in the Contest.
4.2 Grouping Time
a, Participants who sign up before the start of the contest will be grouped according to their account equity at the start of the contest.
b, For the accounts that have not been grouped or registered after the Contest starts, their equity will be synchronized at 00:10 (UTC+2) every day from the next day to the end of the Contest registration. And these accounts will be grouped when their equity is greater than or equal to $100.
5.1 Ranking Update Time
The score and ranking of participating accounts will be updated at 00:10:00 (UTC+2) every day except Sunday. The update may be delayed due to network delays, exceptions in reading contest account data, or other problems.
5.2 Comprehensive Score
In each group, the participating accounts are ranked and displayed in descending order according to the comprehensive score of the group. The comprehensive score is calculated by the weighted summation of the four individual scores and multiplying the account leverage coefficient. These four are the score of ACCNAV, Profit Ratio, Maximum Drawdown (Max DD) and Final Net Profit.
Here are the details of the formulas:
Micro Account Group & Random Group:
The Comprehensive Score=(ACCNAV Score*35%+Maximum Drawdown Score*20%+Final Net Profit Score*35%+Profit Ratio Score*10%)*Account Leverage Coefficient
*ACCNAV= Accumulative Net Value
Large Account Group & Broker Group & Newbie Group of Sponsor Broker:
The Comprehensive Score=(ACCNAV Score*30%+Maximum Drawdown Score*25%+Final Net Profit Score*30%+Profit Ratio Score*15%)*Account Leverage Coefficient
5.3 ACCNAV Score
ACCNAV: When the participating accounts are grouped, the equity is the initial unit equity, and it equals 1. The daily unit equity is calculated based on the day's income during the Contest period, and the daily unit equity is multiplied cumulatively to get a participating account's ACCNAV.
5.3.1Calculation Formula of ACCNAV
ACCNAV=P1*P2*P3.....*Pn
Note: "n" is the number of the Nth day of participating the Contest, and "Pn" is the ACCNAV on current day for a participating account.
According to the profit (Profit of closed position+floating profit) on current day, the calculation of Pn can be divided into the following 3 cases:
a, When the profit on current day is greater than 0,
Pn=[Account equity on current day+Absolute value of withdrawals on current day]/[Account equity on previous day+Deposit on current day];
b, When the profit on current day is equal to 0, Pn=1;
c, When the profit on current day is less than 0,
Pn=[Account equity on the current day-Deposit on current day+Absolute value of withdrawal on current day]/[Account Equity on previous day].
*The time range of the profit of closed position/floating profit, deposit/withdrawal on current day is from 23:00 (UTC+2) on “n-1” (means "the day before the Nth day of participating the Contest") to 23:00 (UTC+2) on “n”.
*The account equity on current day refers to the account equity at 23:00 (UTC+2) on “n”.
5.3.2Calculation Formula of ACCNAV Score
ACCNAV score=(Account's ACCNAV / Maximum ACCNAV in the group*100)*30%+[(n+1-Rank)/n]*100*70%
Note: "n" is the total number of participating accounts in the group, and "Rank" is the ranking of the group's accounts in ascending order according to ACCNAV on the calculation day.
5.4 Final Net Profit Score
Final Net Profit:
a, The profit and loss amount of all orders that the participating account closed during the competition time and the positions still held at the end of the competition.
b, If there is a position order when the account is grouped successfully, the floating profit and loss of the position at that moment will not be calculated in the final net profit of the account.
c, If all participating accounts in this group are in loss, the maximum final net profit of all accounts in this group shall be calculated by taking the absolute value of the maximum loss.
5.4.1 Calculation Formula of Final Net Profit Score
Final net profit score=(Account's final net profit/ Maximum final net profit in the group*100)*30%+[(n+1-Rank)/n]*100*70%
Note: "n" is the total number of participating accounts in the group, and "Rank" is the ranking of the group's accounts in ascending order according to the final net profit on the calculation day.
5.5 Profit Ratio Score
Profit Ratio: Final Net Profit/MAX
*MAX is the peak of the summation for balance when the participating account is grouped and the amount of deposit and withdrawal during the contest.
5.5.1 Calculation Formula of Profit Ratio Score
Profit ratio score=(n+1-Rank)/n*100
Note: "n" is the total number of participating accounts in the group, and "Rank" is the ranking of the group's accounts in ascending order according to the profit ratio on the calculation day.
5.6 Maximum Drawdown Score
Maximum Drawdown: MAX
[(Maximum of ACCNAV-ACCNAV)/Maximum of ACCNAV]
MAX: The maximum value recorded in the daily max dd of the participating account
5.6.1 Calculation Formula of Maximum Drawdown Score
Maximum drawdown score=(n+1-Rank)/n*100
Note: "n" is the total number of participating accounts in the group, and "Rank" is the ranking of the group's accounts in ascending order according to the maximum drawdown on the calculation day.
5.7 Account Leverage Coefficient
The Contest does not encourage participants to use high-leverage accounts for trading as it may bring huge risks and reduce the fairness of the competition. Therefore, the Contest sets the account leverage coefficient to restrict the scores of high-leverage accounts.
a, For participating accounts with leverage less than or equal to 500 times, the account leverage coefficient is 1;
b, For participating accounts with leverage greater than 500 times, the account leverage coefficient decreases with the higher the leverage coefficient of the account;
c, For participating accounts with leverage greater than or equal to 2,000 times, the account leverage coefficient is 0.7.
If the participating account has the following circumstances, the account score will no longer be calculated, and the ranking and award qualification will be cancelled:
6.1 The participant modifies the account connection password, and does not restore the connection before 23:45 (UTC+2);
6.2 The equity of the participating account at 00:10:00 (UTC+2) on the day is less than $100;
6.3 Current ACCNAV＜0;
6.4
a, The account type of the participating account is inspected as MAM, PAMM and other asset manager accounts;
b, The participating account is marked as Credit, and the total amount of deposits within the validity period is greater than the sum of the initial balance at the time of the grouping and the deposits during the competition;
c, The information of participating account or order contains words such as demo and test;
d, There is a large deposit in the participating account that cannot provide proof of bank transfer;
e, The transaction data of the participating account is abnormal, missing or fraudulent;
6.5 The participating account has been muted at least 2 times for violating community rules in the past year;
6.6 The signal provider modifies the password of the signal account, resulting in losses for subscribers, which is marked as malicious disconnection by the community;
6.7 The participating account violates other contest rules.
*Participants can re-participate in the Contest by connecting to other accounts during the registration period.
7.1 The net profit should be greater than 0. If there is an account's net profit less than or equal to 0 on the Top 10 of the micro/large account group, the Top 3 of the random group/monthly ranking list, or the Top 20 of the Newbie Group of Sponsor Broker, the prize will be distributed to the next participating account whose net profit is greater than 0.
7.2 The Contest winner needs to cooperate with the Contest staff to complete verification of account information within 10 natural days after confirming the award. Verification must provide proof of video recording, which should be clearly displayed including
a, The account information of MT4 desktop or mobile;
b, The account information of the broker's website and the records of deposit or withdrawal;
c, The bank records of deposit or withdrawal;
d, Other supplementary information.
All the above information must display the account number and information of the account owner. If the verification information is not provided within the specified time, or cannot be provided, it will be deemed to give up receiving the prize voluntarily.
7.3 If a single participant or different participants with the same real name information wins multiple awards in the micro/large account group or random group, only the award with the highest prize money will be reserved, and the rest will be postponed to the next winner;
7.4 Rewards for the ranking of micro/large account group or random group will be distributed after all the eligibility for winning is confirmed. The reward amount is subject to the Contest Award page, and the specific distribution time will be notified separately.
7.5 The distribution of the monthly ranking rewards of the broker group will be completed within 14 working days after the eligibility for winning is confirmed. The reward amount is subject to the Contest Award page.
7.6 The contest prize will be distributed to the winner's FOLLOWME wallet. Due to exchange rate changes, the actual transfer amount may be slightly different from the winning amount. The fees involved in the transfer and withdrawal will be borne by the winner.
8.1 Each participant agrees that their account data will be displayed and used in the Contest.
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 Contest.
8.4 If a broker is removed from the signal list for licensed brokers during the Contest period, all participating accounts of the broker will be removed from the micro account group, large account group, random group and will only be displayed in the broker group.
Understand the Standard of the Signal List for Licensed Brokers.
8.5 FOLLOWME reserves the right to cancel, suspend or terminate the Contest by requirements of relevant laws and regulations, judicial or administrative orders and actual conditions.
8.6 The Contest reserves the right to final interpretation of these Regulations.
9.1 FOLLOWME Contest 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 Contest 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. The timeliness, security, and accuracy of network services are not guaranteed, either. For network service interruptions or other defects caused by force majeure or uncontrollable reasons, FOLLOWEME Contest shall not assume any responsibility.
9.3 This trading competition is not affiliated or associated with Apple Inc. in any way.
Can I trade if I have successfully registered before the Contest starts?
Yes, you can. But the trading orders before the Contest starts will not count towards the Contest score.
Will it affect my score if I hold positions when I register for the Contest?
No, the Contest score will be calculated after the account is grouped.
Why can't I see my account score?
There are many situations that will cause the participating account to no longer calculate/display the score. For details, please refer to Chapter 6 of the Contest Rules.
Can I subscribe to Signal and COPYTRADE during the Contest period?
Yes, you can subscribe to Signals. But when or after grouping, if the account has COPYTRADE orders, it will be moved to the random group. This item refers specifically to subscription accounts, signal accounts are not affected.
After the trading account is connected, why is it not displayed on the ranking of accounts that can be selected for the Contest?
After the trading account is connected successfully, the system may take 1 to 10 minutes to synchronize data. Please be patient.
Why is my account not grouped?
a, Because the equity of your account is no greater than $100 during the registration period.
b, Because you changed the password of your account and the password was not updated on FOLLOWME before the Contest period.
Can I use multiple accounts to participate in the Contest?
Yes, you can use multiple accounts to participate. But in the same group, only the account with the highest score will be displayed. If there is no account displayed on the ranking, you can check in My Contest.
Will deposits and withdrawals during the Contest affect the score?
>Deposits during the Contest, which lead to an increase in the maximum investment in the account, will reduce the account's profit ratio score. For details, please refer to Section 5.5 in Chapter 5 of the Competition Rules.
>Withdrawal during the Contest will not reduce the account score, but if all withdrawals or equity after withdrawal is less than $100, the account score will no longer be calculated, and all group rankings and award qualifications will be cancelled.
Why is there no score even though the grouping of participating accounts is successful?
The scores will be calculated and updated only every other day after the participating accounts have been successfully grouped together and a trading behavior has been generated.
Why is my participating account not ranked on the final ranking list of the Contest even though I have not withdrawn from the competition?
Only the real trading accounts under the brokers on Signal List for Licensed Brokers can enter the ranking of micro account/large account/random group in the Contest.
Can the account leverage multiples be modified during the competition?
The account leverage can be modified, and the Contest will use the recorded maximum leverage multiples of the participating account as the basis for calculating the account leverage coefficient.
Can the account that has withdrawn from the Contest continue to register for the competition?
No, once the registration account is triggered to withdraw from the Contest, it will not be able to continue to participate in the competition. You can use other MT4 accounts that have not participated in the competition to register for the competition.
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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