Opening a position without a stop loss order will be considered a risk violation.
Risking more than 2% of the virtual balance of the simulation account on a single position will be considered a risk violation.
Traders have up to 3 minutes to protect their trade with a stop loss. If no stop loss is added within this time frame, the trade will be flagged as violation.
Even if the trade lasts less than 3 minutes, a stop loss is required; there are no exceptions to not having a stop loss in place.
Up to 2 violations are allowed, but positive results from these operations that violate risk management rules will not be counted.
Any account with 3 violations will be automatically terminated.
An “order”, “trade” or “position” refers to any position held in a specific asset. This may include one or multiple entries with similar timing and lot sizes. Multiple entries in the same asset, made at the same time, will be considered a single trade.
If you are found to be engaging in risky behavior or strategies, you will not be allowed to advance to the funded phase.