Open trading account 
Hello everyone, i'm new member and this is the first time i'm join trader contest.
So... i show some my understanding about trader contest rule!!!!!!!!!
this's show on point, max: 5
So... i show some my understanding about trader contest rule!!!!!!!!!
this's show on point, max: 5
- Contest accounts are registered with an initial deposit of USD 100,000. (5/5)
- Trading can be performed using the Java, Android and iPhone/iPad/iPod platforms (no trading possible via web-platform).(5/5)
- The minimum and maximum order size is 100,000 and 5,000,000 currency units respectively.(5/5)
- Only 5 instruments can be opened simultaneously by a Participant.(5/5)
- Only 1 position could be opened at any instrument (if there is already an entry order, there is no possibility to open a market order and vice versa).(1/5) =>> i really dont understand, because if i trade 1 position with 100 000 unit, i will devide it into 5 position with 200 000... this is convenient in real trade.
- The total amount of positions opened during the Contest by one Participant must be at least 10. At the end of the Contest all open positions will be automatically closed 1 hour prior to the settlement.(3/5)
- All positions must have Take Profit (TP) and Stop Loss (SL) orders assigned.(4/5)
- Take profit and Stop Loss levels should not exceed 2% from the opening price for EUR/USD. Limits for the rest instruments recalculating each settlement according to "Pip Conversion Schedule". E.g. Limits for AUD/JPY=(EUR/USD Points/AUD/JPY Points)*2%=1/1.74*2=1.15%; for EUR/NOK=(EUR/USD Points/EUR/NOK Points)*2%=1/0.17*2=11.76%, etc. (2/5) =>> i dont know why TP should not exceed 2% !!!!, sometime i hold the order so long to profit more and more. it's okay with SL should not exceed 2%, but why TPPPPPPPPPPP?
- TP, SL levels can not initially be set closer than 5 pips either to market price, or to entry price. (5/5)
- It is forbidden to cancel already set SLs and TPs.(5/5)
- All contest trading accounts are subject to the same margin requirements and policies as regular demo accounts. This includes the application of end-of-week leverage (1:30) each Friday, at 18:00 GMT.(4/5)
