Trading Competition Rules, Process to Participation, Terms and Conditions, and Criteria

1. Process to Participate

• Complete the Forex and Crypto Trading Course to be eligible for the competition.
• After completing the course, click on the Cashback form and go through the link provided in the cashback form to open an Exness broker account.
• Add a ₹10,000 demo balance to your Exness account. No real money deposit is required to participate, but you can choose to participate with real money if preferred.
• Once the competition begins on 1st Jan. 2025, start trading on your demo account.
• After each trading day, upload screenshots of your open and closed positions in competition form provided in the 22nd module section inside the course.
• Continue this process daily for 3 months until 31st Mar.2025 the competition ends.
• After 3 months, our team will review your trading results. To qualify, you must achieve a minimum of 100% profit on your invested capital Rs. 10000/- [one of both in Demo/Real Ac.]
• All participants meeting the criteria will be compared, and the top 21 participants with the highest ROI (Return on Investment) will be selected as winners.

2. Competition Prizes

• 1st Prize (₹10 Lakh): Awarded to the participant with the highest ROI.
• 2nd-6th Prizes (₹2 Lakh each): Given to the next 5 participants with the highest ROI, in sequence.
• 7th-11th Prizes (₹1 Lakh each): Awarded to the next 5 participants with lower ROI, in sequence.
• 12th-21st Prizes (₹50,000 each): Given to the next 10 participants with the next highest ROI, in sequence.

• In this case Rani will be awarded 1st rank cash prize Rs. 10 lakh with highest ROI 133%, while others are selected based on ROI ranking until all 21 winners are chosen and awarded accordingly.

3. Competition Rules

• Start Date: January 1, 2025 (participants will be notified of any changes).
• End Date: March 31, 2025.
• Participants must make a minimum of 30 trades per month.
• Maximum of 2 trades per day allowed.
• Drawdown limit:
• No more than 2% drawdown on any single trade. Exceeding the drawdown limit on any single trade will result in disqualification. [to protect capital for market sustainability]
• No more than 5% drawdown per day. Exceeding the drawdown limit on any single trade will result in disqualification
• Overall drawdown should not exceed 10%. Exceeding the drawdown limit on any single trade will result in disqualification
• Profit cap 2% on any single trade. Exceeding the profit cap limit on any single trade will result in disqualification [to avoid aggressive trading]
• Profit cap 5% per day . Exceeding the profit cap limit on per day trade will result in disqualification
• Fix leverage is 1:500 allowed in the competition. leverage is fix for participants increasing or decreasing the Leverage will result in disqualification

• Participants can trade any script or instrument of their choice.

4. Eligibility Criteria

• Participants must have at least one verified real or demo Exness broker trading account.
• Only individuals above 18 years or the legal age in their country of residence can participate.
• Multiple registrations from the same IP address or the same individual are not allowed.

5. Participation Rules

• Participants can use only one trading account for the competition. Using multiple accounts for the same competition is not allowed.
• Each competition has a defined period and must be joined within the specified time frame.
• Only the registered account's performance will be evaluated for the competition.

6. Winner Selection

• Winners are chosen based on trading performance, which is calculated using the equity and trading results during the competition period.
• If multiple participants have the same performance, the prize will be equally shared among them.
• Participants with no trading activity in a week during the competition will be excluded from the competition and prize list.

7. Prizes and Rewards

• The competition offers cash prizes, which will be transferred to the winners' bank accounts.
• Prizes are non-transferable and can only be claimed by the participants themselves.

8. Data and Privacy

• By participating, participants consent to the processing of their personal data for competition administration.
• Trading activity, including ranking, will be publicly displayed for transparency.

9. Disqualification

• Participants engaging in prohibited trading activities or violating the competition's terms will be disqualified.
• False or fraudulent information during registration will result in disqualification.

10. Competition Period and Duration

• Competitions will have specific periods (e.g., daily, weekly, or monthly) outlined in the competition details.
• Participants can only join active competitions during the competition period.

11. Trading Performance Evaluation:

• Performance is calculated based on equity and trading results at each evaluation interval.
• Withdrawals and deposits during the competition will be factored into performance calculations.

12. Additional Important Rules, Terms, and Conditions:

• Inactivity Penalties : Participants who fail to trade the minimum required trades or show no activity will be disqualified.
• Multiple Account Monitoring: Using multiple accounts to manipulate results will lead to immediate disqualification.
• Prohibited Trading Strategies: Hedging, scalping, arbitrage, or other prohibited strategies will result in disqualification.
• Restricted Trading Time: Participants may not trade during specific news events (e.g., NFP or rate announcements) to limit volatility risks.

• Transparency: All trades must be transparent, and no hidden trades or adjustments to past trades are allowed.
• No Withdrawal During Competition: Participants cannot withdraw funds from their trading account during the competition period.

13. Rights to Modify Terms and Conditions:

YashMind Academy reserves the right to modify the Trading Competition's terms and conditions, rules, and criteria at any time based on changing circumstances.

14. In-Depth Risk Management Rules:

1. Risk Per Trade:

• Each participant must adhere to a maximum risk of 2% of their total capital per trade.

• Exceeding the risk limit on any single trade may result in disqualification.

2. Trailing Stop Requirements:

• Participants are encouraged to use trailing stops to lock in profits and reduce risk exposure. Proper use of risk management tools will be evaluated during the competition.

3. Risk-Adjusted Returns:

• The competition will consider risk-adjusted performance metrics, such as the Sharpe Ratio or Sortino Ratio, to ensure participants are not taking excessive risks to achieve high returns.

4. Risk-Adjusted Returns:

• Each participant must demonstrate at least one effective risk mitigation strategy (such as diversification across different instruments, stop-loss placements, or risk-reward ratios) throughout the competition.

15. Maximum Trade Duration:

1. Trade Holding Period:

• No trade should remain open for more than 48 hours unless specified by the competition. This rule ensures active management of trades and prevents prolonged exposure to volatile market movements.

2. Intraday and Swing Trading Limits:

• Trades classified as intraday (open and closed within the same day) are encouraged, but swing trading (holding trades overnight) must be limited to a maximum of 10% of total trades.

16. Prohibited Trading Practices:

1. Scalping Restrictions:

• Scalping trades (trades lasting for a few seconds or minutes) may be prohibited, or limited to 10% of all trades to ensure a focus on sustainable trading strategies rather than market timing or exploiting minor price movements.

2. Account Padding:

• Account padding by placing small losing trades to inflate overall win percentages or other manipulative tactics is strictly prohibited.

3. No Cross Trading:

• Participants are prohibited from cross trading (trading between two accounts to create artificial profits or losses). Any suspicious account interaction will lead to immediate disqualification.

4. Avoiding Over-Trading:

• Participants must avoid over-trading, which refers to executing an excessive number of trades without a clear trading plan. Over-trading without a valid reason will negatively impact a participant's evaluation.

17. Trade Transparency and Reporting:

1. Real-Time Reporting:

• Participants must submit real-time trade updates, including entry and exit points, every day. Any delays or inconsistencies in trade reporting may lead to disqualification.

2. Audit Trails:

• The competition organizers reserve the right to audit trade history for accuracy. Suspicious activities (e.g., hidden trades or retroactive adjustments) will result in disqualification.

3. Daily and Weekly Performance Review:

• Participants will undergo a daily and weekly performance review to monitor adherence to the rules, including risk management, leverage, and trade frequency.

18. Equity and Deposit Management:

1. No Additional Deposits:

• Participants are not allowed to make additional deposits to their trading accounts during the competition. Only the initial balanceRs. 10000/- is permitted for use.

2. Equity Protection:

• Equity in the trading account must be protected at all times. Excessive drawdowns beyond 10% of the total account balance will lead to suspension or elimination from the competition.

3. Equity Bonus Consideration:

• If bonuses or credits are used during the competition (e.g., from the broker), these will not count towards the equity calculation for performance purposes.

19. Dispute Resolution and Appeals:

1. Dispute Filing:

• If a participant disagrees with a decision (such as a disqualification or prize allocation), they can file an official dispute within 7 days of the decision. Disputes must be submitted in writing with relevant evidence on company’s official mail ID ‘admin@yashmindacademy.com”

20. Profit Withdrawal Rules:

1. Profit Distribution:

• Profits generated during the competition period must remain in the account until the competition ends. Early withdrawals will lead to disqualification.

2. Payout Timeline:

• After the competition ends, profits can be withdrawn within 7 business days, following the completion of the audit and performance review.

21. Multiple Competition Entries:

1. One Entry Per Person:

• Participants can only register for one competition at a time using one trading account. Multiple entries by the same participant (using different names, accounts, or devices) are strictly prohibited.

2. Ban on Related Accounts:

• Family members or individuals sharing the same IP address or household will not be allowed to participate in the same competition to avoid conflicts of interest.

22. Profit Percentage Lock-In:

1. Profit Lock-In:

• Participants who achieve monthly profit goals (e.g., 33% profit) may choose to "lock-in" their profits. This allows them to secure profits without risking them for the remainder of the month while still participating in future months.

2. Drawdown After Lock-In:

• After profit lock-in, any subsequent drawdown that erases the locked-in profits will result in elimination from the challenge. The purpose of this is to encourage cautious trading after achieving goals.

23. Ethical Trading Practices:

1. Ethical Behavior:

• All participants must adhere to the highest standards of ethical behavior and professional trading conduct. Unsportsmanlike behavior, harassment, or exploitation of the platform will result in an immediate ban.

2. Public Trading Profiles:

• Participants agree that their trading profiles (results, rankings, etc.) may be shared publicly for marketing purposes. Participants who refuse this may be excluded from receiving certain benefits or rewards.

24. Risk Disclosure

Participants should be aware that Forex and Crypto trading carry risks, and they should ensure they understand the risks involved.