Our May competition will begin on 1st May and end on 31st May.
Participants will trade and rank on our competition leaderboard to compete for prizes:
1st: $7,500 cash + $200K account 🏆
2nd: $5,000 cash + $100K account 🥈
3rd: $2,500 cash + $50K account 🥉
4th-20th: $5K assessment accounts each 🏅
The competition will take place on our $100k account on our cTrader platform. You will be emailed login credentials. Please create your cTrader ID using the same email as your Traderscale account, if you haven't already done so.
This competition is limited to 500 contestants. Once the places are taken, entries to the competition will be closed. The competition registration opens 3 days prior.
Rules:
1. Arbitrage Trading
Engaging in arbitrage by exploiting price discrepancies or technical glitches across different platforms or exchanges is strictly prohibited. This includes latency arbitrage, triangular arbitrage, and any method used to gain unfair advantage from price mismatches.
2. Exploiting System Errors
Taking advantage of technical glitches, price feed errors, or platform malfunctions to generate profits before the error is corrected is considered unethical and is strictly forbidden.
3. One-Sided Bets
Consistently placing long or short trades on a single asset without proper market analysis or risk management is not permitted. Trading should be based on sound strategies, not blind speculation.
4. Use of Expert Advisors (EAs) & Automated Trading
The use of any form of Expert Advisors (EAs), copy traders, or automated trade execution tools is strictly prohibited. This includes scripts, calculators, and AI-generated trading strategies.
5. Tick Scalping
Entering and exiting trades within seconds to capitalize on minor price fluctuations is not allowed. All positions must be held for a minimum of two minutes before closing. Any profits made below two minutes will be removed and may result in payout rejection.
6. Hedge Trading
Simultaneously opening buy and sell positions on the same currency pair to exploit temporary pricing inefficiencies is prohibited. This includes between multiple trading accounts.
7. Risking Daily Loss Limit
Trading behavior that involves risking the full daily loss limit on a single trade or set of layered trades is considered reverse arbitrage.
Maximum risk allowed is 4% per day.
8. Max Drawdown
The maximum drawdown on accounts for the competition is 8%. This drawdown is trailing.
9. Daily Drawdown
The daily drawdown on accounts for the competition is 4%.
Trading Activity Monitoring
TraderScale employs a third-party professional dealing team that reviews all trading activity to identify and enforce these rules. Any violations may result in immediate action, including account closure and forfeiture of profits.
By participating in the Traderscale program, traders agree to abide by these rules and maintain responsible trading practices.