The recent contest sponsored by Valutrades has ended and here are the winners:
||Contest – josephe||7703.00%, winning $5000|
||Contest – fatooor||4991.00% winning $1000|
||Contest – taradgen||4583.00% winning $500|
||Contest – Monkeytrad…||2511.00% winning $500|
Looking at this contest’s analysis, we see a high participation rate (76.3%), as well as a high level of winning accounts (14.2%); the 1st place and the 2nd place traders ended far away from the other competitors, however the 3rd and 4th place had barely performed better over the rest.
From a trading perspective, it is clearly visible that winners had a much larger TP/SL levels over the losing accounts, which would suggest winners had a trend trading system.
Have a great weekend,
The Myfxbook Team.