"Jackpot" Contest Rules

• Read Close 1

  Registration and Conditions of Participation.

  1.1. Only current Alpari clients are eligible to participate in the contest. The following is the list of eligible account types: micro.mt4, micro.mt4.swapfree, classic.mt4, classic.mt4.swapfree, classic.gold.mt4, classic.ndd.mt4, classic.systematic, classic.systematic.swapfree, classic.zulutrade, classic.ndd.zulutrade, pro.ecn.mt4. A participant may not register more than one account.

  1.2. Alpari staff and their relatives are not eligible to participate.

  1.3. Accounts opened by corporate entities are not eligible to participate.

  1.4. You must be registered to participate in the contest. By registering once, you will automatically be entered in all four rounds. A contest participant may only register once.

  Note: In order to change any personal information that you entered incorrectly during registration, you will need to send a scan of your passport/ID (two-page spread with photo) to contest@alpari.ru. Please include your nickname and any errors you made during registration. A participant can change their personal information up to two weeks after registration.

  1.5. You must fill in the required fields during registration.

  1.5.1. Clients may register either on the Company site or in myAlpari.

  1.5.2. To participate in the contest, a client who is already registered in myAlpari must choose a nickname and the account they would like to the register in the contest. After having agreed to the contest, a client may confirm their intention to participate by clicking "Register."

  1.5.3. Clients who are already registered in myAlpari may register for the contest directly from myAlpari by filling out the necessary form and following the step-by-step instructions.

  1.5.4. If a client is registered in myAlpari but does not have one of the accounts listed in 1.1 open, they will need to open a participating account after which they will be able to register for the contest.

  1.5.5. Only trading accounts not participating in other contests may be used in Jackpot.

  Note: Your password will be used for authentication only at the moment of registration. You may change your password as soon as the registration is completed. All information in the registration form is protected by a 128-bit encryption key using HTTPS protocol, which prevents unauthorized access.

  1.6. 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.

  1.7. After successfully completing registration, the account is entered into the register of accounts participating in the "Jackpot" traders' contest.

  1.8. The following accounts are eligible for the contest micro.mt4, micro.mt4.swapfree, classic.mt4, classic.mt4.swapfree, classic.gold.mt4, classic.ndd.mt4, classic.systematic, classic.systematic.swapfree, classic.zulutrade, classic.ndd.zulutrade, pro.ecn.mt4. Available deposit currencies are:

  • USD (US Dollar);
  • EUR (Euro);
  • GLD (GOLD).

  1.9 The minimum deposit on a contest account, by currency, is:

  • 500 USD;
  • 400 EUR;
  • 350 GLD.
  • 
    

  1.10. At the beginning of each round (at 00:00, based on the time in the MetaTrader terminal, when the daily report on completed transactions (Confirmation) is generated), all accounts are checked to determine if the equity is greater than or equal to the required minimum deposit. If the equity exceeds the minimum deposit, 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 with an equity level below the required minimum deposit are listed as "Inactive Accounts". Inactive accounts are checked daily immediately after the Confirmation is generated. A participant whose account is on the "Inactive Accounts" list may deposit funds to his account during the current round. When the check confirms a satisfactory equity level, the account may participate in the contest.

  1.11. If a Premium account ends up in the "Jackpot" Final Rating, 5 points (10% of the maximum result) will be added to its Final Rating. In order for the points to be added, the maximum result can be no more than 50 points. The extra points can be credited if the Equity on the Premium contestant's account is equal to or exceeds 50,000 USD or 40,000 EUR for a two-month period during each round.

  1.13. A contest participant should read these rules carefully and adhere to them during the contest. Not knowing the rules will not be considered legitimate grounds for a complaint.

  1.14. Date and time information for registration and each contest round is detailed below:

  ROUND 1	Registration from 01.01.2012 to 06.04.2012.	Start — 00:00, 23.01.2012. End — 00:00, 07.04.2012.
  ROUND 2	Registration from 06.04.2012 to 29.06.2012.	Start — 00:00, 16.04.2012. End — 00:00, 30.06.2012.
  ROUND 3	Registration from 29.06.2012 to 21.09.2012.	Start —00:00, 09.07.2012. End — 00:00, 22.09.2012.
  ROUND 4	Registration from 21.09.2012 to 14.12.2012.	Start — 00:00, 01.10.2012. End — 00:00, 15.12.2012.

  
  

  Note: All time indicated in EET (The time displayed in MT4).

• Read Close 2

  Making Transactions on a Contest Account.

  2.1 A contest participant shall carry out all operations on their micro.mt4, micro.mt4.swapfree, classic.mt4, classic.mt4.swapfree, classic.gold.mt4, classic.ndd.mt4, classic.systematic, classic.systematic.swapfree, classic.zulutrade, classic.ndd.zulutrade or pro.ecn.mt4. live trading account.

  2.2 Contest participants have the right to open positions of any size (as is allowed by the free margin on the trading account).

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

  2.4 Refer to the Contract Specification page to familiarize yourself with the instruments that will be traded in the contest.

• Read Close 3

  Contest Results, Winners and Prizes.

  3.1 The winner of a round is determined as follows.

  3.1.1 There are two indices that determine the Final Rating:

  • Recovery Factor (Priority A);
  • Minimum Margin Level (Priority B).

  The Recovery Factor index is considered first, followed by the Minimum Margin Level. Index calculation is accurate to the fourth place after the decimal point.

  Note: The formulas for calculating the indexes can be found in the commentary to the contest rules (Commentary #1).

  3.1.2 There are four indexes that influence the formation of the Plus Ranking:

  • Percentage of Profit (Priority #1);
  • Percentage of Maximum Relative Drawdown (Priority #2);
  • Minimum Margin Level (Priority #3);
  • Profit Factor (Priority #4).

  The Percentage of Profit index has top priority, followed by the Percentage of Maximum Relative Drawdown, Minimum Margin Level, and Profit Factor, respectively. Index calculation is accurate to the fourth place after the decimal point.

  Note: The formulas for index calculation can be found in the commentary to the contest rules (Commentary #1).

  3.1.3 The final rating of a contest participant is calculated using the following method:

  • a) The Plus Ranking- includes participants with a positive result, i.e. the current liquid balance is more than the initial deposit (BeginningEquity). The Plus Ranking is formed in accordance with index priority level (see clause 3.1.2). If the Percentage of Profit reading of two or more participants is the same, then placement in the Plus Ranking is determined by the Percentage of Maximum Relative Drawdown (Priority 2). If both the Percentage of Profit and Percentage of Maximum Relative Drawdown readings are the same for two or more participants, then Plus Ranking placement is determined by the Minimum Margin Level index (Priority 3). If the first three priority readings are the same for two or more participants, then placement in the Plus Ranking is determined by the Profit Factor index (Priority 4). If ALL the priority readings are the same for two or more participants, the participant with the smaller login number to MetaTrader 4 takes a higher place in the rating.
  • b) The Final Rating is calculated for each participant in the Top 25 of the Plus Ranking, which earns them rating points on each index (refer to clause 3.1.1).
  • c) The participant who is in first place in the final rating of the Recovery Factor index (i.e. has the best reading of that index) gets 25 points, the participant in second place 24 points, and so on. The participant in 25th place gets 1 point. If two or more participants have the same Recovery Factor reading, the participant who has a higher standing in the Plus Ranking will have the higher ranking.
  • d) The participant who is in first place in the final rating of the Minimum Margin Level index (i.e. has the best reading of that index) gets 25 points, the participant in second place 24 points, and so on. The participant in 25th place gets 1 point. If two or more participants have the same Minimum Margin Level reading, the participant who has a higher standing in the Plus Ranking will have the higher ranking.
  • e) The sum of all points is the participant's Final Rating (IR).

  Note: An example of the Final Rating calculation can be found in the commentary to the contest rules (Commentary #2).

  3.1.4 In the case that two or more participants have the same Final Rating, the tie-breaker will work in favor of the participant with the highest index score (in order of priority) (see clause 3.1.1). For example, if the Final Rating of two or more participants is the same, their placement in the rating will be determined by the Recovery Factor index, which is Priority A. If the Recovery Factor reading is also the same, placement in the rating is determined by the Minimum Margin Level (Priority B).

  3.2 The determination of the overall winner from the results of the entire contest is carried out as follows.

  3.2.1 A list of the top contenders is formed from all contest participants who have a Final Rating from a previous round that is larger than zero.

  3.2.2 An Overall Rating (SR) is calculated for every participant included on the list of top contenders. The Overall Rating is the sum of final ratings from each round:

  • SR=IR1+IR2+IR3+IR4,
  • where
  • SR — Overall rating;
  • IR1 — Final Rating for the first round;
  • IR2 — Final Rating for the second round;
  • IR3 — final Rating for the third round;
  • IR4 — Final Rating for the fourth round.

  3.2.3 If two or more participants have the same Overall Rating, the participant with the higher sum of high priority index readings (see clause 3.1.1) will be ranked higher.

  Priority A is the total sum of the Recovery Factor index:

  • RFtotal=RF1+RF2+RF3+RF4,
  • where
  • RFtotal — Final Recovery Factor reading for all four rounds;
  • RF1 — Recovery Factor reading for the first round;
  • RF2 — Recovery Factor reading for the second round;
  • RF3 — Recovery Factor reading for the third round;
  • RF4 — Recovery Factor reading for the fourth round.

  Priority B is the total sum of the Minimum Margin Level index:

  • MMLtotal=MML1+MML2+MML3+MML4,
  • where
  • MMLtotal — Final Minimum Margin Level for all four rounds;
  • MML1 — Minimum Margin Level for the first round;
  • MML2 — Minimum Margin Level for the second round;
  • MML3 — Minimum Margin Level for the third round;
  • MML4 — Minimum Margin Level for the fourth round.

  If the total sums of the Recovery Factor annd Minimum Margin Level reading are the same, first place in the Overall Rating is determined by drawing lots. The method for drawing lots will be determined by the Contest Administration if such a situation arises.

  3.3 The overall contest winners are the three participants who have the highest standing in the Overall Ratings in accordance with clause 3.2.

  3.4 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.

  3.5 Preliminary results are subject to appeal for 144 hours after the end of the contest round, after which they become final and are no longer subject to appeal.

  3.6 Requests for the credit of prizes are accepted for 60 days after the end of the round.

• Read Close 4

  Prizes

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

  4.1.1 Participants ranked in the Top 25, in accordance with clause 3.1, will receive cash prizes in one of the following amounts (determined by their ranking), which Alpari credits to the participant's live account used in the contest:

  Place	Prize
  1st	10,000 USD
  2nd	7,000 USD
  3rd	5,000 USD
  4th	2,000 USD
  5th	1,000 USD
  6th	900 USD
  7th	800 USD
  8th	700 USD
  9th	600 USD
  10th	500 USD
  11th	450 USD
  12th	400 USD
  13th	350 USD
  14th	300 USD
  15th	250 USD
  16th	200 USD
  17th	150 USD
  18th	100 USD
  19th	90 USD
  20th	80 USD
  21st	70 USD
  22nd	60 USD
  23rd	50 USD
  24th	40 USD
  25th	30 USD

  
  If two or more participants end up with the same ranking (for example, two participants finish in second place), the prize pool reserved for that place is shared evenly between those participants.

  Note: There is an example of a split prize pool in the commentary to the contest rules (Commentary #3).

  4.1.2 A participant who is awarded with a prize is not allowed to credit the prize to another live account, in particular an account that is not in the name of the participant. The prize will only be credited to the live account used by the participant during the contest round.

  4.1.3 A participant can withdraw the prize at any time after the prize is credited to the live account, in accordance with clause 4.1, using any of the withdrawal methods listed on the website.

  4.2. The overall winner of the contest will be the contestant who finishes in first place, based on the guidelines established in clauses 3.1.1, 3.2, and 3.3. As a prize, they will be awarded a PAMM Account pre-loaded with a Manager's Capital of 50,000 USD:

  Note: As a prize, a PAMM Account will be given to the top finisher for a period of one year. At the end of the year, all positions on the account will be closed and all profit/loss will be distributed proportionally among the Managers and investors in accordance with the PAMM Account Regulations.

  4.2.1 The overall winner will be awarded their prize in accordance with clause 3.6. They will be required to send the following materials no later than 60 days after the end of the 4th round to contest@alpari.ru:
  
  a) A scanned copy of their passport (two-page spread with photo and registration);
  
  b) User name on the Alpari Forum.
  
  Alpari will not be obligated to distribute prizes until this information is received.
  
  Upon receiving the email with the contents listed above, Alpari will send the contest winner a letter to the email address indicated by the participant during registration containing:
  
  a) The account number and password for authorization in the myAlpari account of the classic.mt4 account;

  After receiving the above-listed information, Alpari will send the winner an email with a special login and password to log in to MetaTrader to access a pamm.mt4 prize account.

  4.2.2 The Manager's Capital credited to the pamm.mt4 account is non-withdrawable.

  4.2.3 The capital of a Managed Account pamm.mt4 can not be changed.

  4.2.4 The Trading Session is one quarter.

  4.2.5 If the awarded PAMM Account is liquidated, the Manager's Capital can be withdrawn, after the deduction of the 50,000 USD prize.

  4.3 Prizes are credited to a client's live account according to Alpari's internal exchange rates, which are published daily in myAlpari inside the Conversion Rates and Fees section.

  4.4 Winners and runners-up are obligated to participate in Alpari promotional events, interviews, photo essays and public announcements on current promotions. Alpari is obliged not to disclose any personal information (including full names) of any participants without their consent.

  4.5. In the case of refusal to participate in promotional events, interviews, public announcements, etc., the Contest Administration has the right to disqualify a participant and give the prize to the participant who placed next in the Overall Rating.

• Read Close 5

  Complaints and Disputes.

  5.1 All complaints that arise during the contest 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 with the subject: "Jackpot". 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 either of the ratings (Grey or Final), 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 and 5.3.

  5.5 In any disputes, the Contest Administration will possess 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.

• Read Close 6

  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 is rendered impossible due to extraordinary circumstances beyond the control of the Contest Administration (natural disasters, war, political conflict, etc...)

  6.3 In the case of suspension or termination of the contest, the Contest Administration may resume the contest with the same participants (having saved or restored account data at the moment the contest was suspended), or hold registration again and start the contest again from the beginning. In all cases, the final decision will be made by the Contest Administration and all information on this decision will be posted on the website with reasonable advanced notice.

  6.4 If the contest is not resumed and completed, the results at the moment of suspension will not be used to as a basis for the awarding of prizes.

• Read Close 7

  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

• Read Close 1

  Index Calculation Formulas.

  Recovery Factor.

  The Recovery Factor index describes the relationship between the Percentage of Profit and the Percentage of Maximum Relative Drawdown.

  • Recovery Factor = Percentage of Profit / MaxRelativeDrawdown

  Percentage of Profit (%).

  • Percentage of Profit = (EquityDaily-BeginningEquity-(Deposit-Withdrawal)) / (BeginningEquity+Deposit)*100(%),
  • where
  • BeginningEquity — the initial deposit (Equity at the time the Confirmation is generated);
  • EquityDaily — 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 lowers the Percentage of Profit index.
  
  

  Percentage of Maximum Relative Drawdown (%).

  

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

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

  An example of the Drawdown calculation for the EquityDaily 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 EquityDaily movement chart.

  An example of the Relative Drawdown calculation for the EquityDaily movement chart (Figure 1) is shown below:
  
  PercentDrawDown1 = (H1 — L1) / H1 х 100 = (10012 — 9580) / 10012 х 100 = 4.31%
  PercentDrawDown2 = (H2 — L2) / H2 х 100 = (10036 — 9534) / 10036 х 100 = 5%
  PercentDrawDown3 = (H3 — L3) / H3 х 100 = (10404 — 9590) / 10404 х 100 = 7.82%
  PercentDrawDown4 = (H4 — L4) / H4 х 100 = (10772 — 9952) / 10772 х 100 = 7.61%
  Relative Drawdown = 7.82%

  Note: In this example, Relative Drawdown "3" has a lower absolute value than the absolute value of Drawdown "4", but a higher percentage value.

  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.

  Profit Factor

  Profit Factor shows profitability, the relationship between total profits and total losses:

  • Profit Factor = Gross Profit / Gross Loss,
  • where
  • Gross Profit — total profit, the sum of all daily profits;
  • Gross Loss — total loss, the sum of all daily losses;
  • Daily profits/losses = EquityDaily (n) — EquityDaily (n-1);
  • n — date of Confirmation generation.

  Note: Deposit or withdrawal of funds registers on the following day.

• Read Close 2

  Example of the Final Rating Calculation.

  Place	Account	nickname	Recovery Factor (Score)	Min. Margin Level% (Score)	Final Rating
  1st	12345	Gatti	33.93 (18)	729 (21)	39

  
  

  • IR = RFp + MLp = 18 + 21 = 39,
  • where
  • IR — Final Rating;
  • RF— Number of points (score) for Recovery Factor;
  • ML — Number of points (score) for Minimum Margin Level.
• Read Close 3

  Example of prize calculation in the case of the Final Rating and Recovery Factor and Minimum Margin Level readings being the same.

  Place	nickname	Recovery Factor (Score)	Min. Margin Level% (Score)	Final Rating	Prize
  1	Gatti	-	-	45	10 000 USD
  2	Gatti1	-	-	43	7 000 USD
  3	Gatti2	-	-	39	5 000 USD
  4	Gatti3	-	-	36	2 000 USD
  5	Gatti4	-	-	33	1 000 USD
  6	Gatti6	-	-	30	900 USD
  7	Gatti7	-	-	29	800 USD
  8	Gatti8	-	-	28	700 USD
  9	Gatti9	-	-	27	600 USD
  10	Gatti10	-	-	26	500 USD
  11	Gatti11	-	-	25	450 USD
  12	Gatti12	-	-	24	400 USD
  13	Gatti13	-	-	23	350 USD
  14	Gatti14	-	-	22	300 USD
  15	Gatti15	-	-	21	250 USD
  16	Gatti16	-	-	20	200 USD
  17	Gatti17	-	-	19	150 USD
  18	Gatti18	-	-	18	100 USD
  19	Gatti19	-	-	17	90 USD
  20	Gatti20	-	-	16	80 USD
  21	Gatti21	-	-	15	70 USD
  22	Gatti22	-	-	14	60 USD
  23	Gatti23	-	-	13	50 USD
  24	Gatti24	33.45 (9)	828.03 (3)	12	40 USD
  25	Gatti25	33.45 (9)	828.03 (3)	12	30 USD

  
  

  In this example, Gatti24 and Gatti25 have the same final rating and thus will split the prize pool for 24th and 25th places.

  Prize = prize pool / number of contenders.

  In this example, each participant receives a prize in the amount of (40 + 30) / 2 = 35 USD.

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