Last Updated: March 24, 2025
This article is reviewed annually to reflect the latest market regulations and trends.
One of the most common questions traders have before entering the Tradingcup trading contest is “what kind of financial instruments can I trade?” and “what kind of trading strategies are allowed?”.
Well, let’s answer these questions now, so then you can start trading to win the Tradingcup contest!
What kind of financial products are available during the Tradingcup contest?
The answer is quite simple: you can trade any instruments available through the MetaTrader platforms (MT4 and MT5) offered by ACY Securities.
While Gold is definitely one of the most traded assets in the trading contest, due to extremely competitive spreads offered by ACY Securities (and the many trading opportunities), FX majors and indices are also very popular assets to trade.
But you can trade whatever fits your strategy – Australian stocks, American stocks, ETFs, minors and exotics currency pairs, other commodities, cryptocurrencies and more.
There are more than 1,800 trading instruments available in total on MetaTrader 5!
There is a minimum quantity needed to qualify for prizes, which is “at least ten round trip trades of any amount”. Remember that 1 round turn/trip is a buy and sell of a position.
What kind of trading strategies are allowed?
All trading strategies are allowed in the Tradingcup trading contest!
You can focus on very short-term trading styles, longer-term strategies using discretionary and/or automated trading, and everything in-between.
All trading techniques are accepted, as long as you show that you can provide risk-adjusted returns and you’re careful about managing your risk like a professional fund manager.
Here are a few examples of popular trading strategies:
Range Trading
This trading technique allows you to trade lateral markets between identified support and resistance levels.
You can buy an asset when it reaches a support level and sell it when it touches a resistance level – and vice-versa.
Breakout Trading
This type of trading is for you if you like to trade the momentum of an asset after it breaks above a key resistance or below a support level.
Remember to monitor trading volume for the highest probability of success.
When using breakout trading, the volume should spike at the breakout level to support strong upcoming price movements.
Trend Trading
Some traders like to focus on the main trend of an asset to take advantage of momentum in a specific direction.
Indicators like moving averages and momentum indicators are often used by trend traders, as well as trend-lines.
Fibonacci Retracements Trading
Some traders like to use key retracements to trade the markets.
Retracements are like corrective waves or pullbacks within the main trend that allows traders to anticipate where prices might potentially react.
Gap Trading
An overnight gap in trading occurs when an asset closes at a certain price and reopens either well below or above the closing price.
Gaps can also happen during trading sessions if there is a rapid jump in price and no trading in between.
Some traders specialize in spotting those gaps.
Depending on how the market reacts the day after, they can either go long or short, depending on whether or not the gap is filled.
Candlestick Patterns Trading
Candlesticks are one of the most popular types of trading charts you can use to analyze the markets.
By displaying key information of an asset’s price, a combination of candlesticks is very useful in predicting the future direction of an asset and decide when to enter or exit the market.
There are 3 types of candlestick patterns you can use: confirmation, reversal, and indecision patterns.
News Trading
Some traders base their trading strategy on the publication of major economic, financial and political news to exploit higher volatility triggered by these publications.
Inflation, employment, and growth figures are among the most followed news, as they can strongly influence central banker decisions about their monetary policy.
Automated Trading
You can automate your trading strategies to save time and remove all emotions from your trading.
For that, you can use Expert Advisors on MetaTrader platforms to run your trading programs.
So, what are you going to focus on now?
You’re likely to have a favorite market – one that you know well and are used to taking advantage of, and a preferred strategy to trade it.
Or maybe you have a new trading technique you would like to try out…
In any case, don’t hesitate to participate in our live copy trading services to take advantage that will make you a better trader.
Click here to get an idea of the 5 strategies every trader should master to get better results in a trading competition.
For more detailed insights on developing daily trading routines, risk management, and effective position sizing strategies, explore additional articles on Tradingcup.
Our trading experts at ACY and FinLogix are also great resources to guide your journey towards trading excellence.
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Stay tuned to our blog for more trader spotlights and leaderboard updates.
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