Trading rules
These are the terms a challenge is evaluated against, in full, before you buy one. An account is pinned to the versions shown at the bottom of this page at the moment it is created — later changes to these rules never apply retroactively.
Parameters are provisional
These parameters are provisional and have not yet been calibrated against historical data. They are not final.
Objectives
every one, at the same moment- Profit target
- 15%
- Maximum daily loss
- 4%
- Maximum drawdown
- 8%
- Minimum trading days
- 5
- Consistency
- 40%
- Maximum leverage
- 10x
Your account equity must reach 15% above your starting balance.
If your equity falls more than 4% below what it was at 00:00 UTC, the account fails. This includes unrealised losses: holding a losing position open does not avoid it.
If your equity falls more than 8% below your STARTING balance, the account fails. This is measured from where you started and does not move up as you profit.
You must open or close a position on at least 5 separate UTC days. Holding a position without acting does not count as a trading day.
Your single best day's profit must not exceed 40% of your total profit. If one day accounts for more than that, you have not passed yet and must keep trading - which means staying exposed to the market for longer, and you can still fail during that time.
Total position size may not exceed 10 times your equity. Orders above this are rejected when you place them.
Execution
Every order executes after a randomised delay of 80-250 milliseconds. The price you receive is the index price at the END of that delay, not when you pressed the button. This delay is identical for every account and is never adjusted for any individual trader.
Prices come from the median of several major exchanges, not from any single venue. If too few exchanges are reporting, trading pauses and no account can fail during that time.
5 basis points on orders that take liquidity, 2 on orders that provide it. The same schedule applies to every account regardless of size or activity.
Perpetual funding is charged every 8 hours at 00:00, 08:00 and 16:00 UTC, at the real rate published by the exchange. It counts toward your equity and can therefore cause a breach.
Instruments
How evaluation works
Breach conditions are checked before passing conditions. If you reach the profit target and breach a limit on the same price update, the breach takes precedence and the account fails.
Version
- Rules
- 0.1.0-provisional
- Execution
- 0.2.0-measured-thin
- Fees
- 0.1.0-provisional