Shōryū Trading
Challenge 2024
Compete for 25,000,000 JPY in Prizes!
Top 80 Winners Rewarded
1st place Dragon Emperor
4,500,000 JPY
2nd place Dragon Warrior
3,200,000 JPY
3rd place Rising Dragon
2,000,000 JPY
4th placeDragon Guardian
1,400,000 JPY
5th placeDragon Sage
1,300,000 JPY
6th placeDragon Elder
1,000,000 JPY
7th – 10th placeDragon Vanguard
900,000 JPY
11th – 20th placeDragon Sentinel
200,000 JPY
21st – 80th placeDragon Seeker
100,000 JPY
The battle has been fierce!
Time to Honor the Winners.
Winners
ひぃな９m
よっしー
プラテンシマイシン
Trading Challenge Conditions
How it works
Sign up
You can sign up for the challenge from May 20th until May 29th 23:59 (GMT+3). To participate, you will need to have a minimum of 100,000 JPY in your live MT4 or MT5 – ECN or PRO trading account before the challenge starts.
Compete
The challenge officially commences on May 30th 00:00 GMT+3 and ends on June 17th 23:59 GMT+3. After meeting the initial minimum account balance requirement, you can top up your account as much and as many times as you wish.
Trade to Win
At the end of the challenge, 80 participants will be rewarded based on their Return on Investment (ROI). In total, 25,000,000 JPY will be directly credited to the winners’ live trading accounts as balance.
Terms and Conditions
- Registration for the trading competition will begin on May 20th and end on May 29th 23:59 GMT+3. We will not accept any registrations after the specified date and time.
- The trading competition will officially commence on May 30th 00:00 GMT+3 and run until June 17th 23:59 GMT+3.
- Only clients with an MT4 or MT5, PRO or ECN trading account can register for the competition and participate if they meet the requirements.
- Entry with multiple accounts is not allowed. You can only enroll with one trading account per competition.
- To qualify for the competition, traders need to have a 100,000 JPY account balance before the competition starts on May 29th 23:59 GMT+3. We will perform mandatory checks to determine the qualifying accounts before the competition starts on May 30th 00:00 GMT+3 server time. We will inform qualifying participants via email once the competition has kicked off.
- If traders have unrealized losses at the start of the tournament and their margin falls below 100,000 JPY, including the loss amount, they can still be eligible for participation. Floating PnL will not be taken into consideration, only cash balance when we assess qualification for the competition.
- During the competition, participants can fund their trading account as much and as often as they wish.
- By the end of the competition, the top 80 participants with the highest Return on Investment (ROI) will be crowned as the winners.
- The winners will be selected based on rankings and will be announced on this page within 24 hours from the end of the competition.
- Rewards will be credited to the winners’ registered trading account as balance.
- The organizer reserves the right to modify or amend this trading competition and its terms and conditions at any time without prior notice, with such changes taking effect immediately. Applicants agree to accept the responsibility of monitoring any changes and/or modifications that may be displayed in relevant posts.
- The X / Twitter ID you provided (if applicable) may be mentioned by the official FXGT X / Twitter account.
- Promotional Offers T&C’s and Giveaways T&C’s applies.
Frequently Asked Questions
Return on Investment (ROI) is a measure of the percentage rate over your total investment during a specified time period.
Roi% Calculation Formula
Where:
Ee: Equity at the end of the day
Se: Equity at the start of the day
Co: Cash outflow/Daily funds removed from the account
Ci: Cash inflow / Daily funds added in the account
ROI % Example
Ee: 250,000
Se: 100,000
Co: 30,000
Ci: 20,000
ROI% = ((250,000+30,000)-(100,000+20,000))/(100,000+20,000) = 133.33%
Important Notes
- Cash flow/Funds added or removed from the trading account may include, but not limited to, Transfer In, Transfer Out, Balance Promotions, and/or any adjustments/corrections.
- To track the total performance of the account we are using the Equity. Equity includes both closed and open positions during a period.
Daily Change Calculation Formula
Daily Change % = [(Previous Day ROI% – Today’s ROI%)] / Previous Day ROI%
Gain Calculation Formula
Gain = (Ee + Co) – (Se + Ci)
Where:
Ee: Equity at the end of the competition
Se: Equity at the start of the competition
Co: Cash outflow/funds removed from the account during the competition
Ci: Cash inflow / funds added in the account during the competition
Gain Example
Ee: 100,000
Se: 50,000
Co: 30,000
Ci: 10,000
Gain = (100,000 + 30,000) – (50,000 + 10,000) = 70,000
Maximum Drawdown %
The maximum drawdown represents the greatest loss (worst ROI%) the trading account suffered during the competition at the end of a day, taking into consideration today’s day. It is an observation of the downside risk of a trading account over a specified time.
Volatility of Returns %
It is a statistical measure using the standard deviation, measuring the dispersion of daily returns (Daily ROI%). It is an observation of how the daily returns tend to change. A low reading indicates that the trading behaviour is less volatile, therefore, it is considered as lower risk portfolio. A high reading indicates that the trading account behaviour is more volatile, therefore, it is considered as a higher risk portfolio.
The Sharpe Ratio describes the extended to which the investment in the trading account compensates for extra risk. This ratio is also called the risk-return ratio which allows you to determine if the trading trading choices will deliver the highest returns while considering risk. It allows you to observe the excess return you receive in relation to the asset/s volatility. A higher reading indicates that returns have been better relative to the risk it has taken on. Below 1 or negative reading indicates that returns have been bad relative to the risk it has taken on.
Sharpe Ratio Calculation Formula
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