CME "Trade Against a Pro" Trading Challenge - December 8th Sunday - 13th Friday

[imjohn]

Checked out the challenge sim. Noticed the 10 contract limit per instrument. Any attempts to add more was rejected. Seemed the most size I could build for the 100k account was 10 ES and 3 NQ. Anything beyond that was rejected.

It was stated the previous Top-3 hit 99k, 84k, and 81k.

So with the 10 ES max, gotta net about 650 ticks over 5 days to reach third place (81k).

Doesn't look like a "hold my beer" moment.

 

[wrbtrader]

Checked out the challenge sim. Noticed the 10 contract limit per instrument. Any attempts to add more was rejected. Seemed the most size I could build for the 100k account was 10 ES and 3 NQ. Anything beyond that was rejected.

It was stated the previous Top-3 hit 99k, 84k, and 81k.

So with the 10 ES max, gotta net about 650 ticks over 5 days to reach third place (81k).

Doesn't look like a "hold my beer" moment.

Yeah, you can't just place a few trades and hold them the entire duration of the competition, riding a huge trend in the markets and then expecting to land on the leader board.

Its obvious that 10 contract limit is setup to make you trade...trade often.

wrbtrader

 

[expiated]

Checked out the challenge sim. Noticed the 10 contract limit per instrument. Any attempts to add more was rejected. Seemed the most size I could build for the 100k account was 10 ES and 3 NQ. Anything beyond that was rejected.

It was stated the previous Top-3 hit 99k, 84k, and 81k. So with the 10 ES max, gotta net about 650 ticks over 5 days to reach third place (81k). Doesn't look like a "hold my beer" moment.

Having just given their simulator a test run, I estimate I'd be doing fantastic (for me) to just clear $1,500 a day, which wouldn't even get me close to third place.

 

[schizo]

Checked out the challenge sim. Noticed the 10 contract limit per instrument. Any attempts to add more was rejected. Seemed the most size I could build for the 100k account was 10 ES and 3 NQ. Anything beyond that was rejected.

It was stated the previous Top-3 hit 99k, 84k, and 81k.

So with the 10 ES max, gotta net about 650 ticks over 5 days to reach third place (81k).

Doesn't look like a "hold my beer" moment.

This probably isn't the fault of the simulator. This is likely the position limit for the Globex session set by the Exchange/CFTC. It clearly states "position limit exceeded". However, I can't find the exact threshold for the Globex.

Anyway, the position limit for ES during the day session is 50 lots.

 

[schizo]

Having just given their simulator a test run, I estimate I'd be doing fantastic (for me) to just clear $1,500 a day, which wouldn't even get me close to third place.

View attachment 214453

I have a question. How the heck are you suppose to reset your account before the challenge starts?

 

[schizo]

Having just given their simulator a test run, I estimate I'd be doing fantastic (for me) to just clear $1,500 a day, which wouldn't even get me close to third place.

View attachment 214453

BTW the CME chart is DELAYED by 10 minutes so you're actually not doing all that well.

 

[eternaldelight]

BTW the CME chart is DELAYED by 10 minutes so you're actually not doing all that well.

You're right. I just looked the CL contract up on trading view and on there the contract moves in unison with the chart provided for the simulator but in the right hand corner of the chart (on the trading view website) there's an exclamation point and if you click on it it says the data is 10 mins behind. This notification is missing from the cme simulator chart (sourced from trading view). What a shit show. Are they going to use delayed data for the contest and try to pass it off as real time data? This could explain multiple people getting over 100 percent returns in five days on 100 grand while competing for a 2500 dollar prize (and while only being able to do 10 lots max at a time). Are they too cheap to provide free real time data for the thousand or so participants?

 

[eternaldelight]

 

[wrbtrader]

You're right. I just looked the CL contract up on trading view and on there the contract moves in unison with the chart provided for the simulator but in the right hand corner of the chart (on the trading view website) there's an exclamation point and if you click on it it says the data is 10 mins behind. This notification is missing from the cme simulator chart (sourced from trading view). What a shit show. Are they going to use delayed data for the contest and try to pass it off as real time data? This could explain multiple people getting over 100 percent returns in five days on 100 grand while competing for a 2500 dollar prize (and while only being able to do 10 lots max at a time). Are they too cheap to provide free real time data for the thousand or so participants?

When the tournament starts...the charts are no longer delay...it becomes real-time. Regardless, the trade execution platform is still clumsy. You should email them to find out exactly when it changes from delay to real-time.

My guess is within a few hours before the challenge starts.

Just the same, upon completion of the challenge...it goes back to delay but immediately. You would only know that if you've ever competed in one of their challenge and I do remember seeing that info somewhere at their website before the start of the challenge.

wrbtrader

 

[eternaldelight]

@wrbtrader okay, cool. Thanks for the info! I’m pretty sure I’m gonna give it a try then.