These rules apply to all traders participating in the Strike One Step Daily Payouts account. Please read the rules carefully before trading.

The maximum overall drawdown is 3% of the account size.

If the account equity falls below the maximum permitted drawdown at any time, the account will be considered breached and will be terminated.

Example:

Account Size: $10,000
Maximum Drawdown: 3% = $300

If the account equity reaches or falls below the maximum drawdown level, the account will be breached.

There is NO Daily Drawdown Limit on the Strike One Step account.

The profit target for passing the Challenge Phase is 8% of the account size.

Once the trader reaches the 8% profit target, the Challenge Phase is considered successfully completed.

Once you reach the 8% profit target, you get to keep 10% of the profit generated during the Challenge Phase.

This amount becomes directly withdrawable once the 8% target has been achieved.

Example:

Account Size: $10,000
Profit Target: 8% = $800

If you reach the $800 profit target, 10% of the Challenge Phase profit Target ($80) will be paid to you directly as a payout.

Once you successfully pass the Challenge Phase and enter the Funded Phase, you become eligible for Daily Payouts.

Traders can request a payout every 24 hours.

A new payout request can be submitted once 24 hours have passed since the previous payout request.

The maximum amount that can be withdrawn in a single 24-hour payout cycle must be less than 3% of the account size, which is equal to the account's maximum overall drawdown.

Example:

Account Size: $10,000
Maximum Drawdown: 3% = $300

Therefore, the trader can withdraw less than $300 per 24-hour payout cycle.

❌ Withdrawal of $300 or more → Not permitted
✅ Withdrawal below $300 → Permitted

The same calculation applies to all account sizes.

The Funded Phase operates on an 80/20 profit split.

80% of the profit goes to the trader, while 20% is retained by Shark Funded.

A 1% Maximum Floating Loss rule applies only during the Funded Phase.

There is NO 1% Maximum Floating Loss rule during the Challenge Phase.

During the Funded Phase, your open trades (floating P&L) must never reach or exceed a loss of 1% of the funded account balance at any moment.

If your floating loss reaches or exceeds 1%, it will be considered a hard breach, and the funded account will be immediately closed, even if the position later recovers.

Example:

Funded Account Size: $10,000
1% Maximum Floating Loss: $100

If your open positions reach -$100 or more in floating loss at any point, this will result in a hard breach.

Toxic trading means trading in a careless, reckless, or unsustainable manner that does not demonstrate proper risk management.

This includes:

Such behavior may be reviewed by the Risk Management Team and may result in restrictions or account action.

Traders are not allowed to open 3 or more positions simultaneously without appropriate risk management and stop-loss protection.

Traders may not hold more than two open positions on the same instrument at any given time.

Adding positions to a trade that is already in drawdown is strictly prohibited.

Strategies intended to recover losses through additional entries, including:

are not permitted.

This is considered a soft breach during the Challenge Phase and a hard breach during the Funded Phase.

Traders must maintain reasonable risk management relative to their account size.

The following behavior is prohibited:

Trading should be based on a structured strategy and proper analysis.

The following may be considered gambling behavior:

Such behavior may be reviewed by the Risk Management Team.

Overtrading means entering an excessive number of trades within a short period without a clear and structured trading setup.

Examples include:

Tick scalping refers to extremely fast entries and exits designed to capture very small price movements.

Examples include:

Up to 20% of total trades may be ignored in the Challenge Phase under internal risk parameters. If this threshold is exceeded, the account may be reviewed by the Risk Management Team.

In the Funded Phase, up to 10% of newly placed trades may be automatically ignored under internal risk parameters. If this threshold is exceeded, the account may be reviewed by the Risk Management Team.

To prevent tick scalping, a position cannot be closed and then reopened within five minutes.

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

Traders are expected to maintain disciplined and structured trading behavior.

The following may trigger monitoring or restrictions:

News trading IS ALLOWED during the Challenge Phase.

Traders may open, close, or manage trades during news events while completing the Challenge Phase.

News trading is NOT allowed during the Funded Phase, unless the trade falls under the permitted conditions mentioned below.

Trades must NOT be opened or closed within:

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

The restriction applies to:

During news speeches, the restricted window extends from:

10 minutes before the speech until 10 minutes after the speech ends.

Any trade executed within the restricted window may be considered a violation.

High-impact news: 3:00 PM

Restricted window: 2:50 PM – 3:10 PM

❌ Trade opened at 2:55 PM → Violation
❌ Trade closed at 3:05 PM → Violation

Forex Factory is used as the official news calendar.

Traders are responsible for checking the news calendar and ensuring compliance with the rules.

To support legitimate swing trading while preventing news gambling:

Trades opened at least 5 hours before a high-impact news event are allowed to remain open.

Such trades may be closed during the restricted news window, and profits from these trades will be counted.

This exception applies during the Funded Phase.

Weekend holding is strictly prohibited on all Funded Phase accounts.

All open positions must be closed before the market closes on Friday.

Holding trades over the weekend is not permitted under any circumstances.

Failure to close positions before the weekend may result in a rule violation and appropriate action being taken on the account, including account breach or termination, in accordance with our risk-management policies.

Once you reach the 8% profit target, you successfully pass the Challenge Phase.

10% of the profit generated during the Challenge Phase becomes directly withdrawable.

You then move to the Funded Phase with Daily Payouts.