Yes, bots and Expert Advisors (EAs) are permitted on our platform, but there are specific guidelines and restrictions to ensure fair and compliant trading practices.
Permitted Use of EAs
EAs (Expert Advisors) are allowed and can be used to execute trades automatically based on your predefined strategy or trading style. Many traders find EAs helpful for maintaining discipline and consistency in their trading. However, any EA you use must be configured to suit your own unique strategy and adhere to our trading rules.
Trade Copiers are also permitted. These tools allow traders to replicate trades across accounts, offering flexibility for managing multiple accounts or testing strategies. Using a copy trader between evaluation accounts, however, is not allowed. At the time of passing your evaluation, you have the option to merge your virtual funded accounts into one, or you may select a master account and copy your trades between the virtual funded accounts.
Copy trading between accounts on the evaluation stage in any capacity is strictly prohibited.
Caution Against Copy Trading
While using EAs is allowed, it’s crucial to ensure that your EA reflects your own trading approach. Traders found to be using identical EA settings or trading patterns resembling copy trading will likely have their accounts terminated. This policy is in place to maintain fairness and uphold the integrity of our evaluations.
To avoid any issues, take care to:
Customize your EA settings to reflect your personal strategy.
Avoid using shared or pre-configured settings that might overlap with other traders.
Regularly monitor your EA to ensure it is performing in line with your goals.
Prohibited Use of EAs
Certain types of automated strategies are not allowed, including:
High-Frequency Trading (HFT) EAs: These bots execute a large number of trades in very short time frames, often measured in milliseconds or seconds.
Microscalping EAs: These involve rapid trades capturing tiny price movements within seconds.
Latency Arbitrage EAs: These exploit delays in price updates across platforms.
These strategies often conflict with platform rules and are strictly prohibited.
Why Are Some EAs Prohibited?
Prohibited strategies like HFT and latency arbitrage often rely on technological exploitation rather than genuine trading skills. They can create unfair advantages and undermine the principles of our evaluation and funded account processes.
Key Considerations
If you choose to use an EA or Trade Copier, ensure that:
It aligns with your personal trading strategy and complies with platform rules.
It is not engaged in prohibited activities like HFT or latency arbitrage.
It is customized to avoid any risk of resembling copy trading.