Below are our General Trading Rules that you need to follow besides the Drawdown rules or restrictions :
- Hedging using multiple accounts is not allowed as it does not reflect a proper trading strategy. For example, if you have two accounts, you are not allowed to place hedged entries between them.
- Any type of Martingale & Grid Trading strategies are not allowed as they don’t reflect a proper trading strategy.
- No Buying/Selling only or Buying & Selling abusively without strategy in a short period of time or in 24 hours. A maximum of 50 positions/trades are allowed in the span of 24 hours.
- No Abuse/Gambling (this is not a consistency rule but simply a common sense rule, we are looking for real money manager. Don’t do in the challenge what you wouldn’t do on your real live account or a client account, we want to see you treat this account exactly like you would treat a live account with real fund and potentially with up to $10,000,000 in capital.)
- EAs are allowed; Except for High-Frequency EAs, High-Speed Scalping, Tick Scalping, Latency Arbitrage Trading, Reverse Arbitrage Trading, Hedge Arbitrage Trading, or any use of Emulators are NOT allowed.