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Registration:                            29th April 2013 to 1st May 2013
Demo Trading:                        1st May 2013 to 31st May 2013

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1. Prize Money
 
Prizes will be allocated to:

A. The Top 5 finalists of the Demo Trading round, that comply with rules, as follows:

1st Place    $1000
2nd Place  $  500
3rd Place   $  250
4th Place   $  150
5th Place   $  100
6th Place   $   50
7th Place   $   50
8th Place   $   50
9th Place   $   50
10th Place  $  50

2.a. There will be two stages to the competition. The 1st stage is the Registration, which will start from 29th April 2013 to enable entrants to register for the SFTC website. In this stage, all potential competitors must register to enter the competition in order to progress to the next stage: Demo Trading. This trading contest will start on the 1st May 2013 and end on 31st May 2013. This is the Demo round of the competition.
 
2.b. Previous winners of any cash prize at any stage in any other Surefire Trading Challenge, or finalists in our Live Round of SFTCV6 are not eligible to take part in this competition. The organiser's decision(s) on whether such person or others can partake based on their submitted system, method, strategy or EA shall be final at all times.
 
3. Demo trading will start on the 1st May 2013 and end on 31st March 2013.
 
a. Each Meta Trader 4 (MT4) account opened by any entrant on the provided platform, MUST BE REGISTERED IN THE ACTUAL/ REAL NAME OF SUCH ENTRANT (this may be different from the desired name that the entrant uses to register as a username for the competition itself).
b. Each demo account will start with $1000.
c. The maximum lot size permitted, including all open positions, is 0.5.
d. The leverage to be used is 1:500.
e. The maximum Drawdown permitted on the account for any trade or collection of trades is 49% of the account balance. Any higher percentage will result in disqualification. The organiser’s software will close all open orders on the account/platform at the point that 50% Drawdown occurs or is exceeded. Alternatively, the organisers may manually close the orders and disqualify the participant.
f. All open positions must be closed on the last day of round 1.
 
An Expert Advisor will be provided that will display what you can trade.
 
 
Percentage Gain
= End balance (minus) starting balance (divided by) Starting balance (multiplied by) 100
 
Example:
Start balance = $1,000
End Balance = $2,500
$2,500-$1,000/$1,000*100=150%
 
As all open positions must be closed on the last day of round 1, there will be no more open positions to calculate.
 
4. The Surefire Trading Challenge (SFTC) organizers will have complete and unrestricted access to each account being traded during the Demo Trading contest.
 
a. Each demo account will start with $1000. No further funding of the account shall be allowed at any stage.
b. The maximum lot size permitted including all open positions is 0.5.
c. The leverage to be used is 1:500.
d. The maximum Drawdown permitted on the account for any trade or collection of trades is 49% of the account balance. Any higher percentage will result in disqualification. The organiser’s software will close all open orders on the account/platform at the point that 50% Drawdown occurs or is exceeded. Alternatively the organisers may manually close the orders and disqualify the participant.
e. All open positions must be closed on the last day of the competition.
The winners of round 1 shall be determined as being the entrants with the greatest percentage gain, in descending order, as calculated by the following formula:
 
Percentage Gain
= End balance (minus) starting balance (divided by) Starting balance (multiplied by) 100
 
Example:
Start balance = $1,000
End Balance = $2,500
$2,500-$1,000/$1,000*100=150%
 
As all open positions must be closed on the last day of round 1, there will be no open positions to calculate. If there are any open positions at the end of the last day of the round, they will be closed.
 
The top 5 entrants of the contest, as decided by the highest net positive gain of 10 % or higher, will be awarded prizes as above.
 
5. Prizes are denominated in United States Dollars.
 
6. Each prize will be awarded in cash.
 
7. Finalists will be notified by email and telephone. If a finalist cannot be contacted within 7 calendar days of the official closing date of the competition, the SFTC organizers may, at their sole discretion, award the prize to the next qualifying finalist.
 
8. Prize money will be sent to each finalist by regular bank wire transfer within 14 calendar days of the closing date of the relevant round of the competition.
 
9. It is the sole responsibility of each competition finalist to provide the SFTC organizers with valid bank wire details within 4 calendar days of prize notification.
 
10. If a finalist is unable to receive their prize money via bank wire transfer within 14 days of the prize announcement, then the SFTC organizers reserve the right to reallocate that prize to the next qualifying finalist.
 
11. Each finalist must send a written confirmation by email to the SFTC organizers confirming receipt of their prize funds within 10 calendar days of receipt.
 
12. All entrants shall have an equal opportunity to win.
 
13. No entrant will win or be eligible for any prize or progression if just one of their trades makes up more than 50% of their win during any round and/or if for 2 weeks or 10 trading days they fail to enter any trades.
 
14. There must be at least 3 traders in the positive at the end of any round, with all three having a net positive gain higher than 10%, in order for any competition to be valid. If not, the entire competition will be, at the organiser’s sole discretion, declared null and void and no prizes may be awarded.
 
15. Any winner will be expected to participate in the organiser's private member's forum by assisting in answering any question members may have about such winner's trading system, method or EA.
 
16. On acceptance of any payment of a prize, the winners agree to provide such assistance to the organisers or members as may be required of them, to explain and answer any question the organisers and/or any member of the organiser's site has, for a period of 6 months from the date of award of the prize.
 
17. No entrant will ever be asked to buy or pay for anything at any stage.
 
18. All entrants must register to participate in the SFTC competition in full compliance with any registration and or instruction procedure that may be required by SFTC organisers from time to time. Any entrant that proceeds to any Live trading round should such round be included at any stage is prohibited from entering any Demo new round which may run concurrent with the live round until such live round is finalised in total.
 
19. Any taxes related to prize money are the sole responsibility of the recipient.
 
20. Any charges levied by the recipient's bank for receiving the prize money are the sole responsibility of the recipient.
 
21. Trading shall be confined only to the spot Forex currency pairs offered by the organizer’s nominated broker platform.
 
22. Entrants may only enter the competition using the nominated broker of the competition.

23. Only the designated MT4 trading platform from the designated broker and the account specified in the instructions procedure that we provided may be used, unless we expressly determine otherwise.
 
24. At any stage during the competition, the participants must, when requested to do so, provide his Username and Password in order for the competition organisers or representatives to access and verify any information as appears on the leader board including the MT4 competition accounts.
 
25. A participant may not enter with more than one nominated broker account as provided by us in the Demo Round. In the Demo round, a maximum of 5 accounts may be opened throughout the duration of the Demo round per person/entrant and only one of such accounts, in the organizers’ sole discretion, by percentage gain will be permitted to enable a contestant to progress to the next round provided he or she is eligible to do so. Only one such account can be traded at any given time however, i.e if another account is opened the previous will be disqualified. A participant may however, use any combination of more than one strategy, system, method, custom indicator, indicator and EA on the single competition account, provided that he or she is willing to fully disclose each such strategy, system, method, custom indicator, indicator and EA if called upon to do so.
 
26.1. You must use the exact same system/method and or Expert Advisor you used in the Demo Round 1, should you progress to any Live Round or further demo round or extended contest, during further round or extension. Failure to do so will result in disqualification any time, should it become apparent to the Organisers that you have not done so.
 
26.2. Once an entrant has submitted his/her entry he can not retract that entry including any system/method or EA or any combination of those. Any entrant may be disqualified but the entrant may not withdraw.
 
27. All entrants must download and install the SFTC Expert Advisor (EA), which will monitor their trading. The SFTC EA shall be installed in order to gather statistical and similar information required by SFTC to oversee and report on the progress of each competition entrant. Both the MT4 Platform and the SFTC EA shall be operational on the nominated broker account for the entrant prior to the entrant trading and must remain operational for the full term that the entrant participates in the competition.
 
28. No entrant may participate using a commercially available or acquired system/method/custom indicator/EA in any combination of the above and must be the undisputed owner of his/her system/method/custom indicator/EA and not infringe on any intellectual property rights of any other party by entering the SFTC competition. To this end, the SFTC organisers may appoint any person to investigate these matters if it does, in its sole discretion, deem it necessary to do so. Furthermore, the entrant agrees unconditionally to cooperate and disclose all as is required by the SFTC organiser's appointee to assist in such investigation.
 
29. During any stage of the competition, each entrant shall make a minimum of 20 trades per stage.
 
30. Trading robots and expert advisors may be entered subject to the conditions set out elsewhere in these rules.
 
31. If a trading robot wins, the participant must be the owner of the code and agree to fully disclose that code.
 
32. In the event of a tie (draw) the prize will be split equally.
 
33. Any entrant that has had a margin call due to over leverage shall be disqualified. Your account must be positive at all times.
 
34. The finalists of any Round agree that, at the end of the Round or stage, they will work with a member or members of the SFTC team to explain their system in such manner as the SFTC team direct and to their satisfaction. All finalists must agree to explain in full and in English how they achieved their results. This will take the form of a short written explanation and as many graphs or videos as needed to explain the system or method. The finalists further agree to provide general information about themselves, for example: age, where they're from and how long they have been trading which may be made public at a future date by the SFTC organisers.
 
35. All prize winners of any round also agree to allow a designated person to come to their home or an agreed location to take some publicity shots if requested.
 
36. All prize winners agree to have their trading records, charts, photographs and explanations published and or distributed by surefiretradingchallenge.com, its agents and successors during and after the life of this challenge, and waive their rights as pertains to any intellectual property claims they may have as pertains to information regarding their methods or systems they disclose or use both during and after the term of the competition.
 
37. It is understood that if a winning finalist chooses not to explain in full how they achieved their results, then they will not receive any prize money. No restrictions apply to entrants who do not win any prize.
 
38. Only one prize will be awarded per entrant winner per round.
 
39. The SFTC organizers reserve the right to at any stage restrict participation in the competition by any individual for any reason they deem fit. In particular for this competition, because of security issues experienced by the organisers recently, in that we have has a high frequency of systems that have been entered with in past competitions, which were not and were passed off as, the system of the entrant, we have made the decision that for this competition no person holding Nigerian citizenship or resident or domiciled in Nigeria is eligible to participate. We reserve the right at any time, in the organizer’s sole discretion, in respect of any country or individual, to restrict in whole or in part, such countries nationals or individuals, from entering or further continuing in the competition.
 
40. Any entrant who illegally or unlawfully passes off intentionally or otherwise any system method or strategy or EA or combination of any of the above, as his/her/it's own, or any such that does not in fact work, are personally responsible to the fullest extent for doing so. The organisers may decide that any person must forfeit any prize and or be disqualified should such rule or any other rule be breached, which in the organisers sole opinion, warrants such forfeiture of prize or disqualification. At all times the organisers reserve all their rights in this regard.
 
41. Entrants must be 18+ years of age and considered an adult in their respective country.
 
42. No one living in a country or territory that would require the SFTC organisers or anyone associated with it to be registered by any regulatory authority is permitted to enter the competition.
 
43. The SFTC organization is not registered to give financial advice in any country or territory.
 
44. All participants of the competition must speak good communication level English or arrange for a translator to speak on their behalf where required. If it proves too difficult for the organizers to communicate with an entrant then that person may be disqualified at the organizers sole discretion.
 
45. All entrants understand that they will receive no other compensation beyond the prize money they might win should they be and upon being a finalist.
 
46. All entrants understand that they will not be entitled to a share in any proceeds gained on any Live accounts funded by the SFTC organization during any live trading round of the competition other than as may be set out in these rules. Similarly they will not partake in any losses that the SFTC organization may incur on the Live trading accounts.
 
47. The ownership and Intellectual property rights of any system/method/custom indicator and/or EA of any finalist shall pass to the SFTC organizers on award of a prize.

48. The entrant shall agree without condition, that whilst participating, members of the public shall have the opportunity to follow the account balance and trades of the Entrant and that such account can be simulated and or aggregated or copied by the organiser with other contestant accounts for promotional purposes of the organisers or associated agents or companies, for the organisers or associated agents or companies to use in any manner in which they might decide to do entirely at their discretion 
 
49. Should the entrant of a submitted EA be announced as a finalist of any prize category, said entrant (as the acknowledged owner), hereby agrees to unconditionally grant to the SFTC organization sole, exclusive rights to market the system and/or method and/or EA as it sees fit and for its own exclusive benefit. Furthermore, for a period of at least 6 months after awarding any prize to a finalist, such finalist agrees to provide positive interaction with the organisers and with the members of their membership site, as regards their system or method or EA or combination(s) thereof by way of further explanations or discussions of how same works.
 
50. If, at any stage before or after his/her having received any prize, it is discovered that a finalist has attempted to disclose or divulge, in any way, or sell or cede or assign or withhold the rights to their winning system/method/EA; to persons other than the organizer or submitted a false system/method/EA or one that was not owned by them, then the prize awarded to that finalist will be forfeited in total, and must be repaid if already received by the finalist.
 
51. At the end of the competition period and upon payment of any prize to an entrant, the SFTC organization shall acquire the non-exclusive rights to market the EA/Method/System/Custom indicators etc for its own benefit in perpetuity.
 
52. surefiretradingchallenge.com reserves the right to change, amend, waive or interpret the challenge rules at its sole discretion at any time.
 
53. surefiretradingchallenge.com or any person affiliated with the challenge will not be liable for any damages and/or losses of any nature whether directly or indirectly incurred by anyone for either participating in the challenge or using the website.
 
54. surefiretradingchallenge.com is the property of Old Tree Publishing CC. No person who is employed by or is an agent of or an associate of any of the above may enter the challenge.
 
55. This challenge is presented as a promotional competition and is based solely on the skill of the participants. The objective of the competition is to award prizes/scholarships to the participants with the highest degree of skill as traders, as adjudicated by surefiretradingchallenge.com organisers.
 
56. The SFTC organization may use any information and/or methods disclosed by competition entrants in any way, shape or form for its own gain.
 
57. Competition entrants will not register domains or create web pages with exact or similar sounding names to those used by The SFTC organization as pertains to their own or any other submitted system(s).
 
58. Competition entrants may not use any of The Surefire Trading Challenge marketing and/or intellectual property material (which is protected by international copyright laws) without the express written permission of the SFTC organizers. Permission shall be granted to competition finalists on request and based on agreed terms of use of the material.
 
59. The decision of The SFTC organizers is final in all matters and no correspondence in this regard shall be entertained.
 
60. SFTC may at any point in time disqualify any entrant who it believes is attempting to break the rules of the competition, or in some way is attempting to manipulate those rules to their advantage.
 
61. Entrants may be disqualified if they have misrepresented themselves.
 
62. All entrants agree that any claims or disputes related to the competition or any project of the SFTC organization linked to the competition shall be resolved without any form of class action.
 
63. All disputes that cannot be resolved will be governed by the laws of South Africa.
 
64. If a dispute arises regarding the rules of the competition then entrants agree to first attempt to resolve any issue(s) with the help of a mutually agreed-upon arbitrator in the following location: Durban: South Africa.
 
65. Any claim shall be limited to the amount of the cash prize in question.
 
66. The SFTC organizers reserve the right to change, amend, waive or interpret the competition rules at their sole discretion at any time.
 
67. Neither the SFTC organization, nor any person affiliated with the competition shall be liable for any damages directly or indirectly incurred by anyone as a result of them either participating in the competition and/or trading and/or using the website.
 
68. SFTC guarantees that only authorized persons involved in the competition shall have access to the submitted methods/systems or EAs during the competition period.
 
69. The decision of the SFTC organizers as to whether (or not) an entrant has qualified to enter the live round of the competition is final.