Yeah, that’s confusing. If Q23 is already running, it really feels like you should be able to join from there. Hopefully the team notices this and improves the page, because it’s not very clear right now.
The ranking is calculated based on contest sharpe ratio only. The situation that you saw at that time was only temporary because at that point the calculations for new day were ongoing, so some strategies were processed before others, and their contest sharpe was updated, but the ranking is only updated after every single strategy from that contest has been processed and updated.
Allocations are set at the end of the contest, and they take into account the strategies ranking at that time. We update the rankings as we process the participating strategies with the new available data, which happens 5 times a week for 5 working days. The allocations that you refer are probably in the systems page and they take into account the current ranking in the contest but that doesn't mean anything until the contest ends and prizes are given.
Yes, there is a large queue currently as we are nearing the end of the submission period for the following contest. All submissions submitted before the deadline will be eligible for participating in the contest, including yours.
That line is recommendation for the users to not create a strategy that exceeds the timeout limits. What that means is that after submitting, the strategy should ideally compute weights for one trading day in less than 10 minutes. Depending on our available resources, we can also increase that limit somewhat but it is not recommended to create strategies that exceed this limit.
