🏆 Trading Competition for Wunderbit Trading users

[wunderbit]

Wunderbit Trading is excited to announce an awesome trading competition with a fantastic prize pool of more than $2000!

To participate, you need to trade on FTX exchange between 28th of May and 3rd of June using any of the powerful Wunderbit Trading tools.

The competition participants with the highest Weighted PnL (stats can be found in the Marketplace) during the competition period will be awarded:

1st place – $1000
2nd place – $500
3rd place – 12 months PRO subscription on Wunderbit Trading
4th place – 6 months PRO subscription on Wunderbit Trading
5th place – 3 months PRO subscription on Wunderbit Trading

All prizes will be awarded after the competition's final results are announced on the 4th of June.

You can use Terminal, DCA, Spread-Trading and TradingView bots to participate in the competition.

Weighted PnL was chosen as the main criteria to identify the winner as it takes actual volume and risk taken by the trader into consideration.

Other criteria:
Traders are required to make at least 30 trades during the competition to be eligible for the competition.
Traders must reach at least $50k in trading volume.
Only one trader's API profile (best performing) will be taken into consideration.

[Bitcoin_Arena]

Weighted PnL was chosen as the main criteria to identify the winner as it takes actual volume and risk taken by the trader into consideration.

What exactly is weighted PnL? Can you help and explain in simple terms?

Traders are required to make at least 30 trades during the competition to be eligible for the competition.

30 trades seems too high a frequency for the given period of the competition. This is an average of 4 trades a day which I think is unfair. The chance and risk of one losing trades just because the requirements need one to complete 30 trades within 8 days is very high, and it makes no sense if one is going to end up loosing his $10K just trying to win $1000

[noorman0]

What exactly is weighted PnL? Can you help and explain in simple terms?

PnL weight (Profit and Lost) is the final calculation of the profit of each participant. I think this is a little unfair because the chances of winning are only owned by traders with large capital. Unless the weight of PnL is determined as a percentage of total capital.

30 trades seems too high a frequency for the given period of the competition. This is an average of 4 trades a day which I think is unfair. The chance and risk of one losing trades just because the requirements need one to complete 30 trades within 8 days is very high, and it makes no sense if one is going to end up loosing his $10K just trying to win $1000

Make a few trades from the fiat><crypto(stablecoins) pairs list, at least this is an alternative trade to meet 30 trading quotas without worrying about getting a significant loss if the price is sluggish.

[wunderbit]

Weighted P/L - P/L tries to measure actual increase on Trader's/Bot account, taking into consideration starting balance. Potential bias: deposits/withdrawal may affect the actual results.