Copy trading is allowed, along with third party EA’s There are two versions of copy trading that we do not allow. These are:(a) copy trading between one’s own accounts. If I had several plans, I would not be able to copy trade between them. (b) we do not allow latency arbitrage (a form of copy trading in which the trader …
No. Please refer to the Prohibited Practices for further information.
Yes. If you do not place a trade at least once every 30 days on your account, we will consider you inactive and your account will be breached.
There is no limitation on the amount of lots traded. Please always utilize proper risk management
● Forex – 1 lot = $100k notional ● Index – 1 lot = 10 Contracts ● Cryptos – 1 lot = 1 coin ● Stocks – 1 lot = 100 shares ● Silver – 1 lot = 5000 ounces ● Gold – 1 lot = 100 ounces ● Oil – 1 lot = 1000 …
We require all trades to be closed by 3:45pm EST on Friday. Any trades left open after this time will automatically be closed. Note, this is only a soft breach and you will be able to continue trading once the markets reopen.
In line with sound risk management practices, we require a stop loss on every trade. If you fail to place a stop loss at the time of placing the trade/order, we will close the trade. This is a only soft breach rule, so you can continue trading in your account. Example: If your starting balance …
The Maximum Trailing Drawdown is initially set at 6% and trails (using CLOSED BALANCE – NOT equity!) your account until you have achieved a 6% return in your account. Once you have achieved a 6% return the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance. This allows for …
Maximum drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your Max Trailing Drawdown is set at 8% of your starting balance. This 8% is static and does not trail. Example: if your prior day’s end of day balance (5pm EST) was $100,000, your …
The Daily Loss Limit is the maximum your account can lose in any given day. Daily Loss Limit is calculated using the previous day balance which resets at 5 PM EST. Unlike other prop firms, we do NOT base our calculations on previous day equity since the balance only model allows you to scale gains …
