Non-allowed strategies explained

Before using an Expert Adviser (EA) during the Prime Funded Trader stage, it is advisable for the trader to ascertain that the EA or trading style being used does not fall into any of the following categories.

Before using an EA on the funded stage, please send your name and a request to use an EA to [email protected]. Use the subject line "Request to Use EA on Funded Account," and include your full name, account number, and confirmation that your EA does not fall into the restricted categories.

Once approved, please note that profits generated on the funded account using an EA will be capped at 3% of the account balance. While this cap is in place for risk mitigation and to prevent server overload, it still provides a substantial opportunity for traders. Profits exceeding this limit will not be counted. Rest assured, this cap will be lifted in the future.

We suggest that traders consult with the developer of the EA they plan to use before continuing with its usage during the funded stage. We have provided the name and definition of the strategies to which attention must be paid if intending to use an EA whilst funded:

Grid Trading Or Grid Trading EA's

Grid trading is when orders are designed to be placed above and below a set price, creating a grid of orders that increase or decrease incrementally along with the chart price.

Having 2 trades open at a time is not considered grid trading, however, once there are 3 or more positions in the trading session with each following order stacked as the original position moves into drawdown, this classifies more towards grid trading.

The process for identifying Grid Trading more often than not follows the below-stated points:

• Determining the starting price for the grid.
• Choosing an interval, such as 10 pips, 50 pips, or 100 pips.
• Determining whether the grid will be with the trend or against the trend.

Martingale

Martingale is a method used to amplify the chance of recovering from a losing streak by constantly increasing the lot size of new trades in order to circumvent any loss taken.

This strategy involves doubling up losing trades and reducing winning trades by roughly half. Opening subsequent trades on an asset with a difference in ≈50% of the prior trade would result in martingale. EA's which incrementally open higher lots while price moves against the direction of the orders adding up to a substantially higher lot size than the first would also classify as Martingale.

Guaranteed limit orders

Placing limit orders with SL and TP using high lot sizes around periods of high-impact news or high volume. In such a scenario, there is no guarantee that the order gets filled at the same price through live market conditions and occurrences of slippage. For example, if a trader was to place a buy stop above price, and a sell stop below price before a high impact news event such as FOMC, this would classify as a guaranteed limit order approach. This type of approach is based on entirely different outcomes each time depending on order fills, slippage, and market conditions.

To keep full transparency, the reason we do not allow Martingale or Grid EA's is due to the fact we allow a no-restriction evaluation, meaning the use of HFT allows traders to have access to funded accounts at an exceedingly high passing rate. If our program was built similar other funding programs, where traders must use true trading conditions to pass and not HFT, this would be different on our end and we would allow these types of strategies. Since a trader is offered guaranteed sim-funding through HFT, this is where the difference occurs from a risk standpoint. Traders using FastPass services should note that payout approvals are processed at a 50% split per payout request. This structure helps ensure consistent risk management and fair use of firm resources. All standard trading rules and eligibility requirements continue to apply for each payout cycle.

Unfortunately, there are no exceptions to this as we do not allow these types of trading styles during the funded stage. By purchasing an evaluation, the trader agrees that the above strategies will not be used while funded.