CME Trading Challenge - FX, Equities, Energy, Crypto, Metals | Crypto Craft

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CME Trading Challenge - FX, Equities, Energy, Crypto, Metals

  • #1
  • First Post: Edited 1:38pm Jan 25, 2022 1:25pm | Edited 1:38pm
https://www.cmegroup.com/futures_cha...es/532/landing

CME trading challenge is back! There wasn't much interest around here for the last one I did but this one covers more asset classes and has more prizes. Let's see who the best all around trader really is!

Free competition with paid prizes so there's no excuse for all you out there who talk a big game! I'm going for the sweep of 1st overall and every asset class, cool $8,500 for a week's work. Using my FF username so I can brag here when I win .

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Edit: Should have read the rules, will have to be satisfied with $2,500 for 1st place I guess.
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  • #2
  • Jan 26, 2022 10:18am Jan 26, 2022 10:18am
Very tempting! I'll see if I can invent a good excuse for dedicating the time required.
  • #3
  • Jan 27, 2022 2:35am Jan 27, 2022 2:35am
Quoting BTCmailman
https://www.cmegroup.com/futures_cha...es/532/landing CME trading challenge is back! There wasn't much interest around here for the last one I did but this one covers more asset classes and has more prizes. Let's see who the best all around trader really is! Free competition with paid prizes so there's no excuse for all you out there who talk a big game! I'm going for the sweep of 1st overall and every asset class, cool $8,500...
i will join u sir thanks for sharing. but i am also going for 1st over all. i guess i directly challenge u haha
  • #4
  • Jan 27, 2022 11:10pm Jan 27, 2022 11:10pm
question. are there any trading rules or restrictions? i didnt see any on the terms and conditions
  • #5
  • Jan 31, 2022 8:34am Jan 31, 2022 8:34am
"All traders will begin with a virtual account of $100,000, with the goal of increasing the balance as much as possible by the conclusion of the competition"

Maaaaaan what is this micky mouse bullshit?!? A trading competition with no money is like a basketball game with no ball. Come on CME.

My snobbery aside, this is a winnable competition for $2,500 or $1,000, but it's not trading skills that'll win the prize. This is the kind of probability game that Phil Ivey would win. Could be fun but it's not my wheelhouse.
  • #6
  • Jan 31, 2022 12:46pm Jan 31, 2022 12:46pm
Quoting Treptrader
question. are there any trading rules or restrictions? i didnt see any on the terms and conditions
Yup, there are limits to what products you can trade and position size limits.

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  • #7
  • Jan 31, 2022 12:54pm Jan 31, 2022 12:54pm
Quoting Goat
"All traders will begin with a virtual account of $100,000, with the goal of increasing the balance as much as possible by the conclusion of the competition" Maaaaaan what is this micky mouse bullshit?!? A trading competition with no money is like a basketball game with no ball. Come on CME. My snobbery aside, this is a winnable competition for $2,500 or $1,000, but it's not trading skills that'll win the prize. This is the kind of probability game that Phil Ivey would win. Could be fun but it's not my wheelhouse.

I don't know if they have the capabilities or even want to track live accounts. Maybe FF could do that with their Trade Explorer? Trading skills or not, zero downside besides time commitment to potentially win $2,500 is a good bet to me.

If you're looking for live bullets I think this is the competition a lot of the Market Wizards used to take part in https://financial-competitions.com/
  • #8
  • Jan 31, 2022 1:03pm Jan 31, 2022 1:03pm
Quoting BTCmailman
Trading skills or not, zero downside besides time commitment to potentially win $2,500 is a good bet to me.
Yup. Good luck getting that top prize. If you want a second account to better your odds, I'd be willing to sign up and give you the creds. All for the low low price of 10% of winnings!
  • #9
  • Jan 31, 2022 2:32pm Jan 31, 2022 2:32pm
Quoting BTCmailman
{quote} Yup, there are limits to what products you can trade and position size limits. {image}
1o conts total or per indtrument?
  • #10
  • Jan 31, 2022 2:49pm Jan 31, 2022 2:49pm
Quoting Treptrader
{quote} 1o conts total or per indtrument?
"Example - a trader can have 10 Micro WTI, 10 Micro Gold, and 10 Micro Yield contracts on their books."
  • #11
  • Edited Feb 1, 2022 12:11am Jan 31, 2022 11:59pm | Edited Feb 1, 2022 12:11am
Had this on my mind and came up with a loose strategy...

  1. Determine correlation of tradable markets in relation to a big economic event (ie how does gold, crypto, oil, bonds, etc react to NFP)
  2. Max out in one direction prior to economic event
  3. Close trade with 50% gain or loss (or as close as you can get with max contracts)
  4. Win or lose, keep betting 50% (or as big as possible) on each proceeding economic event
  5. Stop trading when at comfortable winning percentage, or when busted

I'm sure there's a Monte Carlo simulator that could optimize the bet sizes if you really wanted to put some work into it.

  • #12
  • Feb 1, 2022 11:57am Feb 1, 2022 11:57am
Quoting Goat
Had this on my mind and came up with a loose strategy... Determine correlation of tradable markets in relation to a big economic event (ie how does gold, crypto, oil, bonds, etc react to NFP) Max out in one direction prior to economic event Close trade with 50% gain or loss (or as close as you can get with max contracts) Win or lose, keep betting 50% (or as big as possible) on each proceeding economic event Stop trading when at comfortable winning percentage, or when busted I'm sure there's a Monte Carlo simulator that could optimize...
I like this idea a lot, here are the high impact events in the challenge timeframe:


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I had a similar idea but the goal would be winning the $1k asset class leaderboard instead. Find the correlated assets and max out opposite directions on each asset (ie if gold & bitcoin are highly correlated go max long gold & max short bitcoin). You won't win overall but you'll have a good chance at winning an individual asset class.
  • #13
  • Feb 6, 2022 9:58am Feb 6, 2022 9:58am
Friendly reminder, this starts at the futures open today.
  • #14
  • Feb 6, 2022 8:55pm Feb 6, 2022 8:55pm
Quoting BTCmailman
Friendly reminder, this starts at the futures open today.
what are you gonna be focused on trading?
  • #15
  • Feb 7, 2022 12:24am Feb 7, 2022 12:24am
can i trade via mobile app?
grist for the mill
  • #16
  • Feb 7, 2022 10:59am Feb 7, 2022 10:59am
Quoting JackJones
can i trade via mobile app?
It's all browser based so I don't see why not. Haven't tried it myself though.
  • #17
  • Feb 7, 2022 12:22pm Feb 7, 2022 12:22pm
Looks fun - I signed myself up. Hopefully I didn't already miss the ship since I wasn't around to open trades right when the challenge started. Whatever it is I trade for this challenge, I'll be maxing out risk in the demo account
Live Challenge All Time Return: 171.5%
  • #18
  • Feb 8, 2022 8:00am Feb 8, 2022 8:00am
I made the leaderboard of an asset class!
  • #19
  • Feb 8, 2022 11:29am Feb 8, 2022 11:29am
Quoting Treptrader
I made the leaderboard of an asset class!
Nice! This you?

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Don't forget my finder's fee when you win!!
  • #20
  • Feb 8, 2022 4:47pm Feb 8, 2022 4:47pm
Quoting BTCmailman
{quote} Nice! This you? {image} Don't forget my finder's fee when you win!!
Hahaa yea thats me! i had caught a nice short when everyone was long
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