Each trader for whom gamble in the financial market is not just a hobby, think over how to manage large actives. There is an obvious difference of trading system to manage sums in 500$ and 50000$. In the project «Management School» the participants working in small groups, create and improve their own trading systems.
«Water House Capital» is looking for traders who earn stably in the financial markets as our income depends directly on our clients’ successes. That’s why we worked out a project for traders which has no analogues in Runet.
Everyone can take part in this project at no cost.
Project for participants:
- To get experience in management of large sums;
- To work in group, create and test trading systems jointly;
- Evaluation of a new trading system inside a group, comparison of methods and results of work;
- Study of new trading tools and self-education;
- An opportunity to get trading accounts to manage.
Project for company:
- Search and selection of perspective traders to manage company’s asserts;
- Advertisement of futures’ contracts as effective trading tools.
Rules
Project for participants:
- To get experience in management of large sums;
- To work in group, create and test trading systems jointly;
- Evaluation of a new trading system inside a group, comparison of methods and results of work;
- Study of new trading tools and self-education;
- An opportunity to get trading accounts to manage.
Project for company:
- Search and selection of perspective traders to manage company’s asserts;
- Advertisement of futures’ contracts as effective trading tools.
Time
The project is conducted once in two months. Every stage starts on the first day of a month. If the first day of a month falls on the weekend so the next stage of «Management school» starts on Monday.
To take part in the project you are to register at first. Registration finishes in an hour prior to the beginning of a new stage. All the applications, received before the mentioned time are transferred automatically to the next stage of «Management School».
To take part you are to download «WHC Trader 4.0». Its strictly forbidden to register from one post address, with identical information about the account (phone number, e-mail).
It’s forbidden to work using the same IP for different accounts.
It’s forbidden to take part in the contest for close relatives. Only relatives, who have separate real accounts in «Water House Capital», can participate, rendering information about it before registration.
Attention! While filling in the form you are to give the real data. You are to write your full Name and Surname. Do not use abbreviations. The information will be compared with your passport.
Rules:
- The participant is let to have only one demo account;
- The participant has a right to make transactions from 10 a.m. of the first contest day till 23:59 of the last contest day;
- Working tools – all available trading tools in the terminal except Forex trading tools.
- Initial deposit – 10000$;
- Maximal drawdown is 20% of your initial deposit;
- It’s obligatory to use stop-loss orders;
- It’s forbidden to use locked positions;
- It’s prohibited to use advisers;
- The maximum possible risk in transactions must not exceed 400 $;
- The participants should male not less than 10 transactions.
- Stop out – 300%.
At the end of the round all positions must be closed. All the participants who broke the rules are disqualified and have no right to get prizes.
Judging by the results of your work at demo accounts we choose 5 finalists. They are 5 participants with best results.
Preliminary selection:
- Your income is not less than 10% of your initial deposit.
- Authentic Profit Factor is not less than!
APF = (Gross Profit – Largest Profit trade)\Gross Loss
The work of participants who have passed the preliminary selection is estimated according to the following criteria:
- Total net profit/maximal drawdown;
- Authentic Profit factor;
- Terminal deposit.
We use score system. WHC Administration has a right to give one more score to participants who have made contribution to the development of the project – «Management School».
The participants who’ve got maximum number of scores are the finalists. WHC analyst chooses the winner after he has studied the statements of the finalists.
Prizes
The winner gets 10000$ account in WHC*.
*The income is divided in the following way: 50% goes to WHC and 50% goes to the manager. The maximum drawdown is 20%. In case the maximum drawdown exceeds 20% the manager has no right to manager the account. The rest of the finalists get the incentive prizes: WHC open for them accounts with a deposit – 500$. You can withdraw the money you’ve earned if your income exceeded the sum of the prize. Funds withdrawal is done via Web Money only.
Additional conditions:
Administration has a right:
- To disqualify any participant without giving notice of it and without explaining the reasons of disqualification if it’s obvious that a participant has broken the rules;
- To check whether in the winner’s statements’ there are transactions similar or counter to those in the statements of the other participants. In this case the administration may consider that one person managers several accounts;
- To annul the participant’s results if he has used non-market prices.
WHC has a right to use any information connected with prize accounts and publish it in any Mass Media.
Winners’ statements are published on company’s site and forum.
Disqualification
Disqualification in the project «Management School» means that a disqualified participant can take part in the contest but he can’t pretend the incentive real accounts or to get 1000$ to manage.
A participant can get one notification if he works without using stop-loss in transactions with duration more than 5 minutes. If you have 2 transactions without stop-loss (transaction duration is more than 5 minutes) you’ll be disqualified without notice.
You’ll get notification if lock’s duration is more than one minute. If you have two or more locks, you will be disqualified.
The participants who’ve closed positions using stop-out are disqualified.
Stop-out level – 300%.
A participant whose loss is 400$ in one transaction is disqualified.
An account which is not active for 2 weeks is disqualified.
The participants who have broken the rules will be disqualified during the contest or at the end of the stage when choosing the finalists.
Schedule
«Management School» -4 will start on the 1st of February at 10 a.m. and ends on the 13th March at 23:59 2008.
You can get the more detailed information about the project on the forum in the section «Management School».