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Sim Millions - (MES) League
Reg. Price:
$99.00
Sale Price:
$0.00
Save:
$99.00

Fall 2020 Fridays (MES) 

Details:

Sim Millions Fall League -(MES) 7 weeks + league tournament
Simulated trading competition for FNL members & non-professional speculators of the S&P 500 Micro E-mini (MES)
Every Friday from October 9, 2020 - November 20, 2020 (10amET-11:30amET)
League Tournament held on Friday, December 4, 2020 (10amET-12:00pmET)

General Rules for all Sim Millions Leagues & League Tournaments

League & League Tournament Player Qualification:

  • Participants are known as players

  • Players must understand trading involves risk and only risk capital should be used

  • Must be 18 years of age

  • Must have residency in the United States

  • Must be a current Futures Networks Live (FNL) member

  • Must have live data and simulator account with NinjaTrader to officially participate*

  • Must provide screen shot at beginning and end of each session

    • Charts in background with display panel showing Simulator account name.

    • Overlay Control Center with the following components

      • Connection

      • Display Name - must be in the format of ?SimMillionLastNameFirstInitial

      • Cash value

      • Excess intraday margin

      • Filled Buys

      • Filled Sells

      • Gross realized PnL

      • Initial margin

      • Realized PnL

      • Total PnL

      • Unrealized PnL

Must check in at least 15 minutes prior to the start of the league for the first session.

Trading during the league - must have a simulator account set up prior to week 1 and must dedicate an account to SimMillions

Must maintain access to this account.

*Must use NinjaTrader trading platform.

Must have the ability to share your screen in the Zoom meeting room.

Only sounds that can be shared through the computer are trading alerts, and microphone. No other background sounds can be played during league or tournament play while screen sharing takes place.

All Trade Performance for each week of league and tournament play will be emailed to: fnlhost@futuresnetworks.live for verification

All winners must meet with League/Tournament Official to review trade performance for the entire length of the league/tournament they have won

Breakout Room Details for 7-week league play:

Weeks 1 - 3

  • 0-30 minutes: All League Players in the main room

  • 31-60 minutes: All League Players moved to random break out room

    • 4 or more players per room

  • 61-90 minutes: All League Players back in the main room

Weeks 4 - 7

  • 0-20 minutes - All League Players in the main room

  • 21-60 minutes: All League Players moved to breakout room based on rank:

    • 4 players per room by rank. A, B, C, D player

  • 61-90 minutes: All League Players back in the main room



Stats and ranking will be posted the Tuesday following Weeks 3 - 7

Players can only be logged in on one device



Micro E-mini Leagues (MES) (MNQ) & (M2K)

Players will receive $1,500 Simulated Dollars over first 5 weeks of tournament

Week 1 - $1000 sim dollars
Week 2 -
Week 3 - $250 sim dollars added to account
Week 4 -
Week 5 - $250 sim dollars added to account



Must make a minimum of 3 trades in each league session. A penalty of $5 sim dollars for each trade not taken to reach the 3 trade minimum:

If you only make 0 trades in the 1.5 hour session -- $45 will be deducted off your balance to start the next week

If you only make 1 trade in the 1.5 hour session -- $30 will be deducted off your balance to start the next week

If you only make 2 trades in the 1.5 hour session -- $15 will be deducted off your balance to start the next week

If you sign up for a sim league and do not participate the first 7 weeks (only participating in the league tournament), $315 will be deducted from your league ending balance.

**Any less than 21 trades through week 7 - no bonus going into the league tournament

Cutoff for entering any league must be registered by Wednesday before Week 4. Late registrants will receive any sim dollars allotted in previous league weeks. If you join Week 2, $1,000; Week 3 $1,250, Week 4 still will be $1,250.

E-mini Leagues (ES)(NQ) & (RTY)

20,000 Simulated Dollars over first 5 weeks of tournament

$0 - $14,999 in account to start the week can trade up to 2 contracts
$15,000 - $19,999 in account to start the week can trade up to 4 contracts
$20,000 - $24,999 in account to start the week can trade up to 6 contracts
$25,000 - $29,999 in account to start the week can trade up to 8 contracts
$30,000 + in account to start the week can trade up to 10 contracts

Week 1 - $10,000 sim dollars
Week 2 - No added sim dollars
Week 3 - $2,500 sim dollars added to account
Week 4 No added sim dollars
Week 5 - $2,500 sim dollars added to account

Must make a minimum of 3 trades in each league session. A penalty of $50 sim dollars for each trade not taken to reach the 3 trade minimum.

If you only make 0 trades in the 1.5 hour session -- $450 will be deducted off your balance to start the next week

If you only make 1 trade in the 1.5 hour session -- $300 will be deducted off your balance to start the next week

If you only make 2 trades in the 1.5 hour session -- $150 will be deducted off your balance to start the next week

If you sign up for a sim league and do not participate the first 7 weeks (only participating in the league tournament), $3,150 will be deducted from your league ending balance.

**Any less than 21 trades through week 7 - no bonus going into the league tournament

Cutoff for entering any league must be registered by 5pmET Wednesday before Week 4 start time. Late registrants will receive any sim dollars allotted in previous league weeks. If you join Week 2, $10,000; Week 3 $12,500, Week 4 $12,500.

Your trading will not begin until you go through the check in process with an FNL administrator
Can register up to 30 mins before league/tournament starts.

If you are late, it's your fault and you are only penalized by having less time to trade - no time extensions will be allowed in league or tournament play.

Don't wait for the last minute - first come first served on check in process. Even if you get there 10 mins early but there are 10 people ahead of you and you are late, it's your fault.

If you double your account balance in Weeks 1 - 3 🡪 $500 will be added to your account the following week

If you double your account balance in Weeks 4 - 6 🡪 add $1,000 will be added to your account the following week

If you double your account balance in Week 7 🡪 $3,000 will be added to your final total for the league

NASDAQ NIGHTS (MNQ)

All league rules for (MNQ) apply with several conditional terms.

League play is only from Sundays through Thursdays 6pmET till Midnight ET. Only trades filled between the hours of 6:00pmET & 12:00amET will count towards your league activity.

Players must take a minimum of 10 trades per week of league play.

Players will be penalized $5 per trade not taken each week of the 10 minimum trades per week. (Up to $300 total possible penalty for the 6 week league, 60 minimum trades)

Total PNL will determine the rankings and placements for the league


League Tournaments

All league participants/players automatically qualify to participate in their perspective league end tournament with no additional registration or fees

$30,000 Sim Dollars for E-mini Leagues, & $3,000 for Micro e-mini Leagues to start plus 10% of final amount in your account for the league immediately preceding that tournament

Total PNL will determine the rankings and placements for the league


Benefits of participating in the league first:

7 weeks of practice

7 weeks to build your account. 10% of your ending league balance will be added to your starting amount in the league tournament

Any player who did not participate in the league, or a player who participated in the league and has a negative balance after the 7-week league, will start with the respective starting amount for that tournament with no other penalties or bonus funds.

Final PNL & trade performance will be reviewed at the conclusion of weekly league and tournament play. All players will undergo a detailed, thorough verification process with FNL administrators. Final winners of the tournaments will be officially announced approximately 1 hour after the tournament concludes to allow time for this detailed verification process.

League Tournament play will be 2 hours in duration and will follow the format of league play with 1 additional random room shuffle. Tournament play will have up to 8 players per breakout room:

  • 0-30 minutes: All players in the main room

  • 31-60 minutes: All players shuffled to random break out rooms

  • 61-90 minutes: All players re-shuffled to random break out rooms

  • 91-120 minutes: All League Players back in the main room to finish tournament play.


E-mini League Prize Purse

League and league placement upon 7-week league play completion does not alone qualify a participant to be awarded any cash or prizes. Prizes will only be awarded to the top finishers of league end tournaments. Placements included in the prize purse will be determined by the number of participants. (Note that leagues with no fee to register, or free, will not have an actual guaranteed prize purse of any amount)

Any and all league participants will receive a discounted entry to the 2020 Sim Millionaire Championships Dec 10 & 11. The #1 ranked player at the conclusion of league play will receive free entry into the Championships. Winners of the league tournaments will also receive free entry into the 2020 Sim Millionaire Championships in their particular division (MES, MNQ, etc.)



Oct 9- Nov 20, 2020 Fall League - Tournament Dec 4

2020 Sim Millionaire Championships - Dec 10 and Dec 11

2021

Winter League Jan 8, 2021 - Feb 19 🡪 Tournament Feb 26, 2021

2021 Sim Millionaire Spring Fling - March 17 - 19, 2021

Spring League - April 2, 2021 - May 14 - Tournament May 21

2021 Sim Millionaire Summer Showdown - June 11 & June 17, 18, 2021

Summer League - July 9, 2021 - August 20 - Tournament August 27

Fall League 2021 - Sept 24 - Nov 5 - Tournament Nov 12

2021 Sim Millionaire Championships - Dec 8 - 10, 2021


Glossary:

League Activity - trading and participating in a simulated trading competition during the specified date and time range

Filled orders - Any entry or exit of the market

Sim Dollars - not real units of calculating values in trading with a simulated account factored in US

dollars


Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.

CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

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