5 Day Challenge Cheaters

[Tyranny]

Did you know?!! There are multiple traders in the "5 Day Challenge" - that have found a loophole and are extorting that loophole to win. The rules say you are limited to "5" (or 25 mini) contracts however it is possible to have MULTIPLE positions opened simultaneously each with no more then 5 contracts. So you are actually trading with $125,000 versus only $25,000 -again, multiple entrants are doing this and they are those at the top - obviously, either EVERYONE should know this is allowed or change the coding to prevent it

[NinjaTrader_ChelseaB]

Hello Tyranny,

Welcome to the NinjaTrader forums!

I wasn't aware of this and I am passing this up the chain to the leaders that would be handling this.

Thank you so much for reporting.

[Tyranny]

Apparently this is actually ALLOWED - Yes, you


Ninja Tech Support Responded:

Yes, can trade them at the same time. The position limit is per instrument, if you want to have multiple positions across more than one instrument you are more than welcome to.


Similar to a real trading environment, you can submit orders across different instruments with varying position sizes.

I hope this makes sense!

Sincerely,
Luis H.
NinjaTrader Technical Support

[backtester831]

Did you know?!! There are multiple traders in the "5 Day Challenge" - that have found a loophole and are extorting that loophole to win. The rules say you are limited to "5" (or 25 mini) contracts however it is possible to have MULTIPLE positions opened simultaneously each with no more then 5 contracts. So you are actually trading with $125,000 versus only $25,000 -again, multiple entrants are doing this and they are those at the top - obviously, either EVERYONE should know this is allowed or change the coding to prevent it

Are you saying that this loophole allows you to exceed the day trading margin limits?

[Tyranny]

Not sure - What I am saying is when I read the rules it looks to me like I can only trade "up to 5 contracts" at one time. So that could be 5ES....or 1 ES, 1 GC, 3NQ - etc. However the "loophole" actually allows you to trade up to five OPEN positions at the same time - EACH with up to 5 contracts - so that is really trading 25 contracts at the same time - i.e. 5ES, 5NQ, 5GC, 5CL - all open simultaneously .... versus , for example, 5 ES - waiting for the trade to play out, close it, and then reopen a new trade of 5 XXX - I didn't realize you could have 5 open positions simultaneously EACH with up to 5 contracts (obviously same thing for minis just x25 = really 125)

[backtester831]

You can have open positions in each allowed instrument, up to the max position size of each instrument, as long as it's within your account balance's margin limit.

I think people are still gaming the system by having multiple accounts, and going max leverage long and short same time across multiple accounts, which is something you'd never do in a real trading environment. The symbols are highly correlated, especially during high impact news events, so you can easily build up a huge balance by long and short same time across multiple accounts.

[Tyranny]

thx for clarifying

[rene69851]

Thats why I was puzzled, I made $6000 trading ES Monday,and when I check there where people already making $150K, this is not fair, today. I make $16K on maximum 5 contract , you mean there is people who make $300K, that is ridiculous. It's gonna be hard to catch the leader now, if they cheated, I think they are, how come they have big gain when they have only allow 5 contracts.