As you all know, the Genesis Vision Alpha is currently in a demo state; meaning that the GVT within the system is virtual and non-withdrawable. As of yet, there has not been a major incentive to motivate fund managers to partake in trading.

Today, we would like to change that.

Genesis Vision is excited to announce the Traders’ Championship! We are looking for the best of the best.

The twelve most skilled participants will be rewarded with a massive 40 000 GVT pool of winnings, provided by the Genesis Vision fund.

Do not miss your chance to become a whale — let your skills pay the bills!

Here is everything you need to know about the contest.

The competition will take place from May 14, 2018, to June 10, 2018, with registration slots being available from May 7 until June 3.

Any Genesis Vision client who opens a special contest account can take part in the competition. There is no limit on how many participants can enter, so everyone is welcome to take a shot!

The competition will consist of 4 week-long rounds. Each round will have 3 different winners, making a total of 12 lucky managers. Registration for each round is permitted until 23:59 UTC on the day before it commences, with each round starting at 9:00 UTC.

If a participant is late for a particular round, he can still participate in the upcoming ones.

Each winner will have 1000 USD deposited into their initial GV manager account by the company.

What does this mean?

This means that the contest winners will be able to become managers and operate their trading programs without investing any of their own funds. Necessary amounts will be deposited by Genesis Vision to the respective Genesis Markets broker accounts of the contest winners.

But it doesn’t stop there!

As the manager keeps demonstrating outstanding trading results, Genesis Vision will continue to reward them. In a nutshell; the more success a manager brings to the table — the more the company increases its investment in that manager, and the more funds they’ll have at their disposal.

Managers will not be allowed to deposit their own funds into their respective trading program. Deposits to accounts given to the winners is prohibited: as a manager you cannot deposit your own funds into the prize accounts.

Prize investments are not subject to withdrawal, but the manager can withdraw a surplus of the trade balance. This means that managers can withdraw funds earned over the investment, but not the initial investment itself. Please note, Genesis Vision will charge 50% of the profit made over the prize investments.

The contest will also play a role in determining the risk-management capabilities of any given manager. If the manager loses 30% of the company’s funds, the company withdraws its investment.

● At the 1st level, the manager receives 1000 USD

● At the 2nd level, the manager receives 2000 USD

● At the 3rd level, the manager receives 4000 USD

● At the 4th level the manager receives 8000 USD

● At the 5th level the manager receives 16000 USD

● At the 6th level, the manager receives 32000 USD

● At the 7th level, the manager receives 64000 USD

But wait, there’s more!

After the contest is completed, we want managers to give us a review and provide constructive feedback. We want to know what strategies were used and how your overall experience was. We also want hear your questions, and any suggestions that you may have in mind. As soon as the manager sends us their review, he will receive a GVT prize that will be ready for withdrawal.

Since there will be two Forex and two Crypto rounds, we thought it would only be fair to divide 12 winners into two groups, 6 winners of each. You can read more about the round rotation in this article.

● 1st place — 100 GVT

● 2nd place — 60 GVT

● 3rd place — 40 GVT

● 4th place — 25 GVT

● 5th place — 15 GVT

● 6th place — 10 GVT

Here are the contest conditions:

● Participants will need to register a personal manager account and open a competitive program.

● If you already have an account, you can open a competitive program in your existing manager’s account.

● It is prohibited to have multiple manager trading accounts.

● A manager can have up to 3 trading programs within a single manager account.

● A manager can participate in multiple rounds, in case he didn’t win any of the previous ones. A manager can only win once.

● It is necessary to have an avatar and a description of the trading strategy you are applying to the trading account.

● The account will be created on Just2Trade broker, using the MetaTrader 5.

● A fixed amount of $ 10,000 is credited to each participant’s account.

● All of the participants start from the first level.

● Investors can invest in managers on general grounds.

● The use of automatic trading systems (Expert advisers — EA) is allowed.

● A manager must close or perform at least 20 trades on the competitive program.

● A reporting period is fixed and equals one single day.

Determination of winners.

This competition will allow managers to demonstrate their abilities to create successful strategies and to handle risks.

In order to precisely quantify these abilities, two main indicators will be used: the average profit percentage and the average drawdown percentage.

The average profit is the sum of the profits during each day divided by the number of days.

The minimum average profit percentage is for winning a contest is 5% at its conclusion.

For instance, a manager with an initial balance of $10000 whose portfolio experiences a 25% increase (2500$) at the close of the first day would satisfy the minimum yield for winning a contest — assuming he didn’t experiences any future losses. A profit of 25% divided by the number of days (5) would yield an average profit of 5% (Forex rounds — 5 days, crypto rounds — 7 days). The minimum average profit percentage is for winning a contest is 5% at its conclusion.

The average drawdown works similarly, but instead of the profits, it calculates the average losses. The maximum drawdown from the initial investment allowable at a day’s close is 20%.

Please keep in mind — this is a cut-off indicator: if the losses on your initial investment exceed 20% at the end of any given day you will be eliminated from the competition.

Managers will be ranked by their total profits at the end of the competition, with the winners having the highest earnings. If the average profit of two separate participants is the same, the higher rank will be awarded to the participant who experienced smaller drawdowns in the past.

The company reserves the right to void competitors’ financial results in the event of a fraud, rule violation, as well as technical failures or extraordinary unforeseen complications.

In case a participant conducts the hedging of his positions (using other GV managers’ accounts) or the usage of an arbitrage trading strategy, the company reserves the right to void all of the offender’s results pertaining to bonuses, promotions or tournaments without any prior notice.

Finally, the rules may be changed or expanded upon at the discretion of the company’s management as the tournament progresses.

The Company has the right to refuse the Client’s participation in contests programs without giving any reason.

The Company has the right to cancel contest’s program financial results in case of fraud detection, contest rules violation as well technical failures or force majeure conditions.

The Company has the right to stop or restart the contest’s program at any time.

Genesis Vision hopes that the winners of this contest will have an enjoyable experience, and that this journey will become a lifelong one! If a manager continues to demonstrate exceptional performance, Genesis Vision will continue to reward his or her skills.

As for investors, you can rest assured that the Genesis Vision platform will have an abundance of great fund managers.

Tournament account creation guide can be found here

Goodbye for now, Visioners!