"Gold Rush" Contest Rules

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  Registration and Conditions of Participation.

  1.1. Participation is open to real clients of Alpari.

  1.2. Registration is necessary for participation in the contest. A classic.gold.mt4 account will be opened for the client after completing the registration process.

  1.3. After successfully completing registration, the client's classic.gold.mt4 account is put in the register of accounts participating in the "Gold Rush" traders' contest.

  1.4. Alpari staff and their relatives are not allowed to compete.

  1.5. A contest participant may only register only once.

  Note: In order to change any personal information that was incorrectly entered during registration, you will need to send a scan of your passport/ID (two-page spread with photo) to contest@alpari.ru. Please note in the email your nickname for participation and any errors in your registration .

  1.6. After completing registration, an Alpari client will receive a unique login and password for access to the MetaTrader 4 trading platform.

  1.7. Alpari is obliged to keep all contest participant information confidential. Thus, only the nickname, country, and city of each participant is published in the current and overall ratings.

  1.8. To participate in a contest round, a real Alpari client should have a sum satisfying the minimum deposit requirement on their classic.gold.mt4 account. Such accounts will be automatically included in the contest rating calculation.

  1.9. The minimum initial deposit for the contest account is 50 GLD.

  1.10. At the beginning of each round a check is performed on accounts to determine if the equity is greater than or equal to the required minimum deposit. If it is, the account is moved to the list of "Active Accounts" and is not subject to being checked again for the duration of the round. Accounts whose equity is less than the required minimum deposit are listed as "Inactive Accounts". Inactive accounts are checked daily at the moment of the generation of the Confirmation. A participant whose account is on the "Inactive Accounts" list may deposit funds to his account during the current round. If any of the checks is successful, the account becomes eligible for participation in the contest.

  1.11. A contest participant should read these rules carefully and adhere to them during the course of the contest. Unfamiliarity with the rules will not be considered legitimate grounds for a complaint.

   

  1.12. The duration of a contest round is 4 weeks, with a 1 week break between each round.

  1.13. Rounds start on Sundays at 22:00 GMT, and end on Fridays at 21:00 GMT.

  1.14. You can register in a round before the round starts, or during the round itself.

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  Making Transactions on a Contest Account.

  2.1. A contest participant carries out all operations on their personal classic.gold.mt4 account.

  2.2. Contest participants have the right to open positions of any size within the bounds of the free margin on the trading account and heeding the restrictions on classic.gold.mt4 accounts.

  2.3. All transactions must be made in accordance with Alpari's "Terms of Business" and other related documents.

  2.4. Contest trading is carried out on the following instruments:

  • Gold spot (XAUUSD);
  • Commodity Futures СFDs: Gold.
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  Contest Results, Winners and Prizes.

  3.1. Determining the winner of a round is carried out by fixing the best Percentage of Profit reading from all the accounts participating in the contest at the end of a round.

  3.2. In the case that two or more participants have the same Percentage of Profit reading, the participant who had the higher Equity reading at the start of the contest takes the higher place.

  3.2.1. In the case that two or more participants have the same Equity reading from the start of the round, the final decision of who is awarded one spot or another is determined by a drawing of lots. The method for drawing lots is determined by the Contest Administration if such a situation arises.

  3.3. In every contest round, there will also be winners chosen from the 10 participants in the Final Rating with the largest percentage of profit for two nominations:

  • Gold Mining Master;
  • Gold Miner.

  3.4. The winner for the "Gold Mining Master" nomination will be determined on the basis of the Percentage of Maximum Relative Drawdown among participants. In the case that two or more participants have the same Percentage of Maximum Relative Drawdown, the participant who registered in the competition earlier will take the nomination.

  3.5. The "Gold Miner" will be determined on the basis of the highest "Margin Level" reading among participants in the Final Rating.

  3.6. In the case that two or more participants have the same "Margin Level" reading at the end of the round, the final decision of who is awarded the "Gold Miner" nomination is determined by a drawing of lots. The method for drawing lots is determined by the Contest Administration if such a situation arises.

  3.7. Alpari publishes the preliminary results (without disclosure of the transaction register) on the company website within 96 hours of the end of a contest round.

  3.8. Preliminary results are subject to appeal for 24 hours after the end of the contest round, after which they become final and are no longer subject to appeal.

  3.9. Requests for the credit of prizes are accepted for 7 days after the end of the round.

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  Prizes

  4.1. According to the results of the round, the following participants are awarded.

  4.1.1 Participants holding one of the Top 5 places, in accordance with clauses 3.1, 3.2 and 3.2.1, receive cash prizes or a gold bar. Dependent on placement in the results, Alpari awards participants with the following prizes:

  • 1st place — gold bar or 500 USD;
  • 2nd place — 20% of profit earned in the round;
  • 3rd place — 15% of profit earned in the round;
  • 4th place — 10% of profit earned in the round;
  • 5th place — 5% of profit earned in the round;
  • "Gold Miner" Nomination - 100 USD.
  • "Gold Mining Master" Nomination — 150 USD.

  4.2. A participant who is awarded with a prize is not allowed to demand crediting of the prize to accounts of third parties. The prize can be credited to any live trading account of the "Gold Rush" contest placeholder.

  4.3. Cash prizes are credited to a client’s live account according to Alpari’s internal rate.

  4.5. A participant can withdraw the prize at any time after the prize is credited to the live account, using any of the withdrawal methods listed on the website.

  4.6. Winners and runners-up are obligated to participate in Alpari promotional events, interviews, photo essays,and public announcements on current promtions. This being said, Alpari is obliged to not to mention any personal data (including full names) of any participants without their consent.

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  Complaints and Disputes.

  5.1. All complaints that arise during the contest which are associated with operations on a trading account are considered in accordance with the "Terms of Business".

  5.2. All complaints addressing the results of a round or the entire contest should be sent to contest@alpari.ru noting the contest: "Gold Rush". Complaints sent by another method (particularly on the Alpari Forum), will not be taken under consideration.

  5.3. In the case that a participant has a complaint about the incorrect, in his opinion, reflection of his contest account in the rating, the participant must, along with all the requirements described in clause 5.2, include their version of the rating calculation, on the basis of which the participant thinks that their account rating was published on the Alpari website incorrectly.

  5.4. The Contest Administration has the right to reject a complaint in the case that it does not conform to the terms specified in clauses 5.2, 5.3.

  5.5. In any disputes, the Contest Administration will be the sole authority to make final decisions based on common market practice.

  5.6. If it is revealed that a participant is intentionally using mistakes or inaccuracies in the rating formula calculation or the contest rules to raise the rating of their account, the Contest Administration has the right to warn this participant of their potential disqualification, and in some cases, disqualify the participant. Also, in the event of any fraudulent actions by the participant in their relationship with the Company in general, or in other circumstances, the Contest Administration has the right to disqualify this contestant.

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  Force Majeure.

  6.1. The Contest Administration has the right to suspend or terminate the contest if a situation arises where the conditions are unfair for most participants.

  6.2. The Contest Administration has the right to suspend or terminate the contest if its continuation becomes impossible due to extreme circumstances, that arose after the beginning of the contest, which could in no way be foreseen or prevented by the Contest Administration (natural disasters, war, political conflict, etc.).

  6.3. In the case of suspension or termination of the contest, the Contest Administration has the right to either resume the contest with the same participants (having saved or restored account data at the moment of the contest suspension), or hold registration again and start the contest again from the beginning. In any case, the final decision will be made by Contest Administration and all information on this decision will be on the website within reasonable notice.

  6.4. If the contest for any reason will not be continued, and respectively, has not been seen through to the end, the participants' results at the moment of the suspension or termination or the contest will not be considered as a basis to warrant awards.

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  Changes to the Contest Rules.

  7.1. If there is any glaring error in the criteria for selecting a winner, Alpari will make necessary changes in the formulas for the rating calculation.

  7.2. The Contest Rules may be supplemented with any necessary explanatory documents.

  7.3. The final results of each round are not subject to revision.

Commentary to the Contest Rules:

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  Percentage of Profit (%)

  Percent Profit = (DailyEquity - BeginningEquity - (Deposit - Withdrawal)) / (BeginningEquity + Deposit)*100(%),
  where

  BeginningEquity — the initial deposit (Equity at the time the Confirmation is generated);
  DailyEquity — funds (Equity) at the time the Confirmation is generated;
  Deposit — funds deposited to the account during the round;
  Withdrawal — funds withdrawn from the account during the round (at absolute value);
  Equity — current account balance;
  Equity = Balance + Floating Profit - Floating Loss;
  Floating Profit/Loss — non-fixed profits/losses on open positions under current rates.

  Note: Depositing funds worsens the Percentage of Profit index.

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  Minimum Margin Level (%)

  Minimum Margin Level reflects the minimum margin level at the moment a position is opened for the duration of the contest round.

  MinМаrginLevel = Min of (МаrginLevelDeal),
  where

  Min of — "minimum of";
  МаrginLevelDeal — expresses the relationship of Equity to necessary margin at the moment a position is opened (immediately after opening), or at the start of a round;
  МаrginLevelDeal = Equity / Margin * 100 (%);
  Equity — current account balance;
  Equity = Balance+ Floating Profit - Floating Loss;
  Floating Profit/Loss — non-fixed profits/losses on open positions under current rates; Мargin — current total deposit.

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  Percentage of Maximum Relative Drawdown (%)

  

  Drawdown is the difference between one of the highest peaks on the DailyEquity movement chart and the closest lowest peak.

  • Drawdown = MaximumPeak — NextMinimumPeak,
  • where
  • MaximumPeak is the high extreme on the DailyEquity movement chart;
  • NextMinimumPeak is the closet low extreme to the high extreme on the DailyEquity movement chart.

  An example of the Drawdown calculation for the DailyEquity movement chart (Figure 1) is shown below:
  
  DrawDown1 = H1 — L1 = 10012 — 9580 = 432
  DrawDown2 = H2 — L2 = 10036 — 9534 = 502
  DrawDown3 = H3 — L3 = 10404 — 9590 = 814
  DrawDown4 = H4 — L4 = 10772 — 9952 = 820

  Note: Withdrawing funds worsens the Percentage of Maximum Relative Drawdown index.

  MaxRelativeDrawdown (%) determines which maximum losses will be fixed on the account.

  In Figure 1, the main stages of the Relative Drawdown movement are shown in numeric form . The final value of the Relative Drawdown is the drawdown under number "3".

  • MaxRelativeDrawdown (%) = Max of (Drawdown / MaximumPeak * 100) (%),
  • where
  • Max of — "the maximum of";
  • Drawdown — drawdown;
  • Maximum Peak — the high extreme on the DailyEquity movement chart.

  Note: Withdrawing funds worsens the Percentage of Maximum Relative Drawdown index.

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  Example Calculation with GLD

  A client deposits 1,000 USD on to his classic.gold.mt4 account. At the moment of the deposit, the price of gold was 1,250 USD/oz. As such, one unit of GLD will have a value of 1,250/1,000=1.25 USD. This means that a deposit of 1,000 USD will be credited as 1,000/1.25= 800 GLD (units of gold). With this deposit currency, clients can trade Gold Spot and Gold Futures.

  Note: The administration reserves the right to disqualify any participant who is suspected of taking advantage of the trading terms for personal aims.

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