Season 14 FOLLOWME Contest Rules 【Must Read】
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 4,200 brokers of MT4 real accounts around the world. Investors can participate as long as they have an MT4 account.
Over the past 13 seasons, we have a total of 69,438 accounts that have joined the Contest with a total account equity of over $478,000,000. We have awarded $369,600 prize.
22 April 2024 00:00:00 -6 July 2024 00:00:00
*Participants who create a new account with sponsor between 1 July 2024 and 14 July 2024 will automatically be registered for the contest.
1.2 Contest Period（UTC+2）
29 April 2024 00:00:00 -21 July 2024 00:00:00
1.3 Contest Schedule for Broker Group（UTC+2）
1st Month:
29 April 2024 00:00:00 -26 May 2024 23:59:59
2nd Month:
27 May 2024 00:00:00 -23 June 2024 23:59:59
3rd Month:
24 June 2024 00:00:00 -22 July 2024 00:00:00
FOLLOWME supports more than 4,200 brokers' MT4 real accounts to register for the Contest.
No.
Although accounts from brokers not on licensed-broker list can register for the Contest, these accounts will only receive scores but will not be included in the ranking. To be eligible for prize winnings, it is recommended to participate in the Contest using accounts from brokers on licensed-broker list.
#SignalListforLicensedBroker# >>
① Micro Account Group：$10≤Equity<$10,000; Global Users
② Large Account Group: Equity≥$10,000; Global Users
③ Indonesia Group: Equity≥$10; Indonesian Region Users
④ Global Group：Equity≥$10; Users outside Mainland China and Indonesia
⑤ Instruments Group：Equity≥$10; Global Users
⑥ Broker Group：Equity≥$10; Users who have sponsor accounts
**The groups mentioned above is limited to users of the signal list licensed brokers real accounts. To view 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 participated before 29 April 2024,
they will be grouped according to the net equity of their accounts at 29 April 2024 00:00:00 (UTC+2)
b, For the accounts that have participated after 29 April 2024,
their net equity will be updated daily at 00:00 (UTC+2) from the day after registration until 2024/7/15. When the net equity meets the grouping criteria, the participants will be grouped accordingly.
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. Please note that if the ACCNAV of the participating account falls below 0 at any time during the day or is below 10 USD at 00:10:00 (UTC+2) on the same day, the account will be disqualified from the Contest.
5.1 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 Cumulative Net Profit.
>Micro Account Group, Indonesia Group, Global Group, and Instruments Group
Comprehensive Score = (ACCNAV Score * 35% + Cumulative Net Profit Score * 20% + Profit Ratio Score * 35% + Maximum Drawdown Score * 10%) * Account Leverage Coefficient.
>Large Account Group
Comprehensive Score = (ACCNAV Score * 30% + Cumulative Net Profit Score * 25% + Profit Ratio Score * 30% + Maximum Drawdown Score * 15%) * Account Leverage Coefficient.
5.1.1 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.
ACCNAV=P1*P2*P3.....*Pn
Note: "n" is the number of the Nth day of participating the Contest, and "Pn" is the ACCNAV on the current day for a participating account.
According to the profit (profit of closed position+position profit) on the current day, the calculation of Pn can be divided into the following 3 cases:
① When the profit on the 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];
② When the profit on current day is equal to 0, Pn=1;
③ 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/position profit, /deposit and 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”.
>Calculation 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.
5.1.2 Cumulative Net Profit Score
Cumulative Net Profit：
a, The profit and loss amount of all orders that the participating account closed during the Contest time and the positions still held at the end of the Contest.
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 cumulative net profit of the account.
c, If all participating accounts in this group are in loss, the maximum cumulative net profit of all accounts in this group shall be calculated by taking the absolute value of the maximum loss.
>Cumulative Net Profit score
Cumulative 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.
5.1.3 Profit Ratio Score
Profit Ratio: Cumulative Net Profit/MAX
*MAX refers to the maximum value reached by the participant's account during the contest period, which is the sum of the account balance at the time of grouping plus all deposits and withdrawals made during the contest.
>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.
5.1.4 Maximum Drawdown Score
Maximum Drawdown: MAX
(Maximum of history ACCNAV-ACCNAV)/Maximum of historyACCNAV]
MAX: The maximum value recorded in the daily max dd of the participating account
>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.
5.1.5 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 contest. Therefore, the Contest sets the account leverage coefficient to restrict the scores of high-leverage accounts.
>Account Leverage Coefficient
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 leverage coefficient of the account decreases as the leverage multiplier increases.;
c, For participating accounts with leverage greater than or equal to 2,000 times, the account leverage coefficient is 0.7.
5.2 Instruments Group
For the specified instruments, a separate ranking is established where participating accounts are ranked in descending order based on the trading volume of that particular instrument.
Gold ranking：Rank and display the participants from highest to lowest by gold standard lots traded during the Contest period.
Crude Oil ranking：Rank and display the participants from highest to lowest by crude oil standard lots traded during the Contest period.
Forex ranking：Rank and display the participants from highest to lowest by forex pair standard lots traded during the Contest period.
5.3 Broker Group【Monthly Ranking】
Each month, each sponsoring broker will establish two monthly rankings based on trading volume and profit amount. Throughout the Contest, each sponsoring broker will have 3 monthly rankings, resulting in a total of 6 awards.
Trading Volume Ranking：Rank and display the participants from highest to lowest by standard trading lots of Gold, Crude Oil, and designated forex instruments during the Contest period.
Profit Amount Ranking：Participating accounts are ranked and displayed in descending order based on the cumulative net profit of the accounts in their group.
Accumulative Net Profit of participating accounts refers to the total amount of closed orders profit or loss during the Contest and the position profit or loss from open positions at the end of the contest.
If an account has position orders at the time of successful grouping, the position profit or loss from those positions will not be included in the accumulated net profit of the account.
Account rankings and scores will be updated only after successful grouping and new trading orders are generated.
The updates will occur daily at 00:10:00 (UTC+2), except on Sundays. Please note that there may be delays in the updates due to network latency, abnormal data retrieval of participating accounts, or other unforeseen circumstances.
No.
The leverage coefficient of an account will be determined based on the highest recorded leverage of the account after participating in the Contest. Subsequent reductions in leverage will not result in an adjustment to the coefficient.
It is recommended that participating users adjust the leverage of their accounts to below 500 before entering the Contest.
>During the Contest, making deposits that result in an increase in the maximum invested capital of the account will lower the profit ratio score of the account.
>During the Contest, making withdrawals will not lower the account's score. However, if a full withdrawal is made or if the equity of the account after the withdrawal is lower than the minimum equity of the respective group, the account will no longer be considered for scoring in the corresponding group list. As a result, the account will be disqualified from group rankings and any associated rewards.
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:
① The participant modifies the account connection password, and does not restore the connection before 23:45 (UTC+2) that day;
② The equity of the participating account at 00:10:00 (UTC+2) on the day is less than 10 USD;
③ The participing account's ACCNAV＜0 on the day;
④ a, Account type is identified as MAM (Multi-Account Manager), PAMM (Percentage Allocation Management Module), or other fund manager-type accounts; Account identified as "Credit" type, and the total amount of deposits within the valid period exceeds the initial balance at the time of grouping and the total deposits during the Contest period; Account information or order information contains terms such as "demo," "test," or similar indications; d, Large deposits in the participating account without the ability to provide bank transfer proof; e, Abnormal or missing trading data in the participating account, fraudulent activities, or participation with non-USD accounts;
⑤ 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 The participating account has been muted at least 2 times for violating community rules in the past year；
⑦ The participating account violates other contest rules.
* You can re-participate in the Contest by connecting your other account during the registration period.
Users who have been retired from the Contest due to violations of rules ①-⑤ are eligible to re-register with another account during the registration period. Once an account has been disqualified, it cannot participate in the Contest again.
Yes, subscription accounts can participate in the ranking, but they must actively engage in self-trading to be eligible.
If a subscription account has positions following orders during grouping or after the grouping successfully, it will be automatically removed from the Micro Account Group/Large Account Group/Indonesia Group/Global Group.
7.1 The net profit of awarded accounts 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 10 of the Indonesia Group, the Top 10 of the Global Group, and the Top 1 of profit ranking in Broker Group, the prize will be distributed to the next participating account whose net profit is less than 0. Awarded accounts in other groups are not required to meet this condition.
7.2 The Contest winners need 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:
（1）The account information of MT4 desktop or mobile;
（2）The account information of the broker's website and the records of deposit or withdrawal;
（3）The bank records of deposit or withdrawal;
（4）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/Indonesia Group/Global Group/Instruments 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/Indonesia Group/Global Group/Instruments 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 Sponsor 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 licensed brokers list during the Contest period, all participating accounts of the broker will be removed from the Micro Account Group, Large Account Group, Indonesia Group, Global Group, and Instruments 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 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 contest.
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. 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 Contest 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
Hot
-THE END-