Being a Proprietary Trader comes with responsibilities.

Real World Execution

Even though you will be executing a demo account with slightly different characteristics to a live account,
you must act in accordance with it being "real life", live account.

This means that if your trading profits result from a technology flaw or liquidity advantage only present within the demo account environment, then these trades would be considered fraudulent and will be removed from the profit calculations.

    The following is a list of examples where an imbalance can be created between your demo and the live account resulting in lost profits or worse. So, we do not tolerate trading in these situations.
  • News Trading
    Conservative News trading is fine, but no order is allowed to be filled 5 minutes before and 5 minutes after significant News.
    see a list of the upcoming News that fall in this category
  • Trading outside Market hours
    Positions held outside of trading hours have to be sized so they can sustain significant gaps on re-opening.
  • Gap Trading
    Getting fills trough a gap (STOP & MARKET orders)
  • No Arbitrage
    Any form of Arbitrage between the demo and live price feeds.

Mandatory

Sizing and Risk

FOCUS ON YOUR LOSSES!! NOT ON YOUR PROFITS!!
You can trade any lot size you see fit, but mind that significant size leads to too large risk/exposure.

It is best practice is to base your risk per trade on the equity allowance you have for the day.

Here's an example
Imagine you are risking 1% per trade of the balance while being close to the day's equity limit.
If the trade goes against you and takes you over the equity limit, then it's instant disqualification.

A much better way would be to risk only a portion of the free equity you have left on a given day.
By doing this, your risk is reduced each time a trade goes against you and keeps you on the right side of the equity limit.

Our full-time traders are required never to risk more than 10% of their daily equity limit, and we suggest you also follow this method.

This would allow you to have ten losing trades in a row and not be disqualified from trading.

This is, of course, entirely your choice but has proven very effective.
It's especially useful after you suffer a significant drawdown on a live account, as it makes it impossible to breach the max drawdown rule.


For example, you have calculated rest equity that allows you to lose 2400 USD, which would result in the next trade to carry a 240$ risk. If this trade would have lost, you would still have an equity limit of 2160$ left. The following trade would then risk 216$ if that trade wins with a 1:3 risk-reward that would push your free equity up to 2808$, and you could risk on the next trade 280$.
As you can see, by this way of trading, breaking the Drawdown rules is almost impossible.

Other things to be aware of

    The following is a list of examples of an imbalance between your demo results and the live account.
    You need to be aware of each of these situations as they can sometimes effect profit calculations.
  • Expecting Guaranteed execution on Limits or Stops
    Real-world execution always comes with slippage. This is just how the markets work.
    Guaranteed execution can not be accepted as our live accounts do not have this feature enabled.
  • Delayed execution and freezes
    Platform freezes, data feed delays that result's in better entries.

may result in profit offset

Losing Trades

Losing is part of trading.
The company covers losses, and as long as you do not hit the agreed limits, everything will proceed as expected.

If you do however, hit the stated limits, we still have to pay the losses. Your account/payment may be suspended until we have discussed the situation with you further.