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Shark Funded – Instant Bolt Account (Daily Payout)

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Written by Shark Funded
Updated this week

These rules apply to all traders using the Instant Bolt Account (Daily Payout Account). Please read the rules mentioned below carefully before trading.


1. Daily Drawdown Limit – 3%

The maximum daily drawdown is 3% of the account size, which equals $45 for a $1,500 account.
If the account equity falls below this limit during the trading day, it will be considered a rule breach.


2. Maximum Drawdown – 4%

The maximum overall drawdown is 4% of the account size, which equals $60 for a $1,500 account.
If the account equity drops below this level at any time, the account will be terminated immediately.

Max Floating Loss

During the Funded Stage, a 1% Maximum Floating Loss rule is strictly enforced.

What this means:
Your open trades (floating P&L) must never exceed a 1% loss of your funded account balance at any moment.

2 Positions running at the same time will be considered as a single trade.

If your floating loss reaches or goes beyond 1%, it is considered a hard breach, and the account will be immediately closed, even if the trade later recovers.

Example

  • Funded Account Size: $3,000

  • 1% Maximum Floating Loss: $30

If at any point your open positions show a floating loss of -$30 or more, this results in a hard breach.


3. Account Validity – 30 Days

The validity of the Instant Account is 30 days from the date of activation.
Traders must operate and manage the account within this period.


4. Payout Cycle

Minimum Payout Amount to request is 1 percent of the account size .

The payout cycle is every 24 hours.

Avoid trading after requesting payout.

Profit Split - 70/30


5. First Payout Eligibility

Traders must ensure that all payout requests remain within the daily drawdown limit of the account. An equity cushion must always be maintained when submitting a withdrawal request.

If a payout request exceeds the permitted daily drawdown limit, it will result in a breach of the equity cushion, which directly violates the daily drawdown rule.

Such an action will be treated as a hard breach of the account, and the account will be terminated according to the risk management policy.

Traders are therefore advised to maintain sufficient equity cushion and request payouts only within the allowed daily drawdown limit to avoid any rule violations.

NOTE : Payout requests can only be made after a minimum 24-hour period from the first executed trade.


Toxic Trading Behavior (Hard breach in Instant Accounts )

Toxic trading means trading in a careless or unsafe way that cannot be sustained long-term.

  • Ignoring basic risk management

  • Excessive or reckless trading behavior

  • Trading without a clear strategy

  • Emotion-driven decisions


Layering

Traders are not allowed to open 3 or more positions and lot size simultaneously without placing a stop loss. This practice , known as "layering trades" is considered a violation of our risk management policies .

Traders may not hold more than two open positions on the same instrument at any given time. This practice, known as layering, is not permitted.

Adding positions to a trade that is already in drawdown is strictly prohibited. Any strategy intended to recover losses through additional entries, including averaging down, grid trading, or martingale behavior, is not allowed.

This is considered as a soft breach in challenge phases and hard breach in funded phase and instant accounts .

Excessive Risk-Taking / Over-Leveraging

Using risk that is disproportionately high compared to your account size.

  • Using maximum lot size on every trade

  • Opening positions that can wipe out a large portion of the account quickly

  • Relying heavily on leverage instead of proper risk control

Martingale Trading Policy – FAQ

What is considered a Martingale strategy?
A Martingale or loss-recovery strategy includes increasing lot size or position size after a losing trade , with the intention of recovering previous losses.

2 Positions running at the same time will be considered as a single trade.

Does timing matter?
Yes. Any increase in position size after a losing trade may be classified as Martingale behavior, even if the trade is not placed immediately.

Examples of Martingale behavior include:

  • Increasing or doubling lot size within after a losing trade

  • Re-entering the same or similar trade with a larger position after loss

  • Progressive lot size increases following consecutive losses in a short time window

  • Any structured attempt to recover losses by increasing risk instead of maintaining consistent risk per trade

What happens if Martingale is used during the Challenge phase?
Use of Martingale strategies during Challenge phases is considered a soft breach and may result in warnings, restrictions, or challenge failure at the firm’s discretion.

What happens if Martingale is used during the Funded phase?
Use of Martingale strategies during Funded phases is strictly prohibited and will be treated as a hard breach, which may lead to immediate account termination.

What is expected instead?
Traders are required to follow consistent risk management, maintaining stable or proportionate risk per trade and avoiding loss-recovery strategies.


Gambling Behavior

Trading that resembles gambling rather than structured decision-making.

  • Random trades without analysis

  • Revenge trading after a loss

  • Overtrading to recover losses

  • Emotion-based entries


Overtrading

Entering too many trades in a short period without a clear strategy.

  • Constantly opening and closing trades without setup confirmation

  • Trading excessively due to impatience or emotional pressure


Tick Scalping

Extremely fast, high-frequency entries and exits designed to capture very small price movements.

  • Opening and closing multiple trades within 120 seconds

  • Exploiting micro price fluctuations

  • Upto 20 percent of the total trades ignored in Challenge Phases , above that will be reviewed by the risk management team and will be dealt accordingly.

  • In Funded Phase and Instant accounts, up to 10% of newly placed trades may be automatically ignored under our internal risk parameters. If this threshold is exceeded, the account will be reviewed by the Risk Management Team for further assessment.

Excessive tick scalping may be restricted due to execution and liquidity risks.


Arbitrage Trading (Restricted)

Arbitrage means opening trades to take advantage of price differences or correlations instead of real market analysis.


It is usually done to reduce or remove risk rather than to trade normally.

This often involves placing opposite or related trades across instruments, accounts, or platforms.

Example : Correlated pair trading

  • Buy EUR/USD

  • Sell GBP/USD (highly correlated pair)

When used to cancel risk instead of normal strategy, this is treated as arbitrage behavior.


Hedging

Hedging means opening opposite or related trades to reduce or cancel market risk instead of managing risk normally.

Traders usually hedge to protect themselves from losses, but when used improperly, it can be considered a soft breach.

Example 1: Opposite trades on the same pair

  • Buy EUR/USD

  • Open a Sell EUR/USD at the same time

This locks the position and removes real exposure to the market.


Trading Behavior

Behavior that shows lack of discipline or structured approach.

  • Trading during illiquid market hours

  • Frequently changing strategy

  • Ignoring risk limits

  • Emotional decision-making

Such behavior may trigger monitoring or restrictions.


One-Sided or Directional Bias Trading

Taking repeated positions in only one direction without proper market justification.

Maintain a gap of 1hour to avoid one side bet

  • Only buying or only selling regardless of market structure

  • Overexposure to one bias

This increases risk and may result in soft-breach action.


Reverse Trading


Taking trades designed to intentionally lose or offset positions elsewhere.

    1. Taking trades designed to intentionally lose or offset positions elsewhere, including actions taken to manipulate overall exposure across accounts or instruments.

    1. Purposely placing losing trades, either to balance risk on another position or to influence account metrics.

    2. Mirroring positions to manipulate exposure, whether on the same account or across related instruments.

    3. Opening offsetting or manipulative trades within a short time window:
      Any trades placed within a 15-minute gap of another position that appear intended to offset, mirror, or neutralize exposure may be classified as manipulative behavior.

News Trading

During the Funded Phase, traders are not allowed to hold or execute trades during news events, unless specific timing conditions are met.

News Trading Restriction Window

  • Trades must NOT be opened or closed within:

    • 10 minutes before a news event

    • 10 minutes after the news event

This creates a 20-minute restricted window around each news release.

This rule applies to all trade types, including:

  • Manual trades

  • Pending orders

  • Stop loss orders

  • Take profit orders

During news speeches, the restriction window extends:

  • 10 minutes before the speech

  • Until 10 minutes after the speech ends

Any trade executed within this restricted window will be considered a violation.

Example

  • High-impact news time: 3:00 PM

  • Restricted window: 2:50 PM – 3:10 PM

❌ Trade opened at 2:55 PMViolation
❌ Trade closed at 3:05 PMViolation

Important Notes

  • All trades are reviewed by the Risk Management Team during phase completion and payouts.

  • Forex Factory is used as the official news calendar.

  • If a violation occurs, the trader is fully responsible, even if it was unintentional.

  • News trading violations may result in account breach or action.


Special Note for Swing Traders

To support swing trading while preventing news gambling:

  • Trades opened at least 5 hours before a high-impact news event are allowed

  • These trades may be closed during the restricted window

  • Profits from these trades will be counted

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